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Virginia Beach Theological Seminary

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 541776238 ✦ Virginia beach, VA ✦ Designated as a 501(c)(3)

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Overview

What is Virginia Beach Theological Seminary?

Virginia Beach Theological Seminary is a nonprofit organization situated in Virginia Beach, Virginia, specifically at 2221 Centerville Turnpike. Their primary focus is to provide a comprehensive Christian education and training for individuals interested in ministries, missionary work, and various other Christian endeavors. With a dedicated workforce of 14 individuals, they offer a mission centered around Christian education, aiming to equip men and women for their roles in Christian work. The seminary does not disclose further details about the specific programs or services they provide, but it is clear that their goal is to contribute to the Christian community through education and training.


Official website here: www.vbts.edu

What are the reviews and ratings of this charity?

Charity Navigator Rating: 93%, Four-Star out of Four Star rating

Virginia Beach Theological Seminary has achieved an impressive 93% score from Charity Navigator, indicating strong performance in accountability and finance. This rating is primarily based on the organization's commitment to financial transparency and effective governance, which includes a fully independent board and robust oversight mechanisms.

The seminary's board consists of 13 independent members, demonstrating a high level of governance. Their financial practices are rigorously audited, and they maintain policies for conflict of interest and whistleblower protections. Additionally, there are no reported material diversions of assets, which underscores their commitment to ethical financial management.

However, while the program expense ratio is commendable at 67.38%, there is room for improvement as it falls short of the ideal benchmark. Overall, the seminary demonstrates strong accountability and a solid financial foundation, making it a trustworthy organization for potential donors and supporters.


This AI summary has been generated from information found on Charity Navigator.

What do the Facebook reviews say about Virginia Beach Theological Seminary?

92% of 24 reviewers on Facebook recommend Virginia Beach Theological Seminary. Here is a summary of their reviews:

Many students express deep satisfaction with their educational journey, highlighting the invaluable mentoring and rigorous academic programs offered, particularly within the Master of Divinity (MDIV) track. One reviewer shared a positive experience transitioning from a Master of Biblical Studies (MBS) to the MDIV, appreciating the quality of education they received, which they deem priceless.

Overall, the sentiment towards the seminary is overwhelmingly positive, with attendees feeling well-supported and enriched in their theological studies. The institution appears to effectively meet the educational needs of its students, fostering a nurturing environment for spiritual and academic growth.


This AI summary has been generated from reviews found on Facebook.

Is Virginia Beach Theological Seminary legitimate?

Virginia Beach Theological Seminary is a legitimate nonprofit organization registered as a 501(c)(3) entity. Virginia Beach Theological Seminary submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $62,544
Professional Fundraising Fees: $0
Other Salaries and Wages: $331,126

For more financial information, click here


Official website here: www.vbts.edu

What is the mission statement of Virginia Beach Theological Seminary?

The Virginia Beach Theological Seminary's mission is centered around providing Christian education and training. This institution is dedicated to serving men and women with a passion for Christian work. Their primary focus is to equip ministries, missionaries, and other Christian workers with the necessary knowledge and skills to excel in their roles.


Official website here: www.vbts.edu

Who is the CEO of Virginia Beach Theological Seminary?

Daniel Davey is the President of Virginia Beach Theological Seminary.


Official website here: www.vbts.edu

What is the revenue of Virginia Beach Theological Seminary?

Virginia Beach Theological Seminary's revenue in 2022 was $873,149.


Official website here: www.vbts.edu

Who are the executives of Virginia Beach Theological Seminary and what are their salaries?

The average compensation at Virginia Beach Theological Seminary during 2022 was $28,119. There are 14 employees and 5 volunteers at Virginia Beach Theological Seminary.


Here are 15 key members and their salaries:


Daniel Davey (President)
  • Compensation: $11,948
  • Related: $0
  • Other: $50,000
Steve Brown (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jay Germon (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sean Godden (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Grahame (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Doug Kint (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terry Lackey (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keith Leonard (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dwayne Louk (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pat Mccarty (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donald Roebuck (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Whitelam (Vice-Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Wilburn (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ron Wright (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anthony Brazas (Cfo)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.vbts.edu

Where can I find the form 990 for Virginia Beach Theological Seminary?

Virginia Beach Theological Seminary's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.vbts.edu

Learn more at the official website: www.vbts.edu

Mission Statement of Virginia Beach Theological Seminary

Virginia Beach Theological Seminary is dedicated to providing Christian education and training for men and women interested in pursuing Christian work. Its primary focus lies in equipping individuals for ministries, missionary roles, and various other Christian-related professions. The seminary serves as a platform for nurturing spiritual growth and preparing individuals to make significant contributions in their respective Christian fields.

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Impact




July, 2024

Virginia Beach Theological Seminary is dedicated to providing Christian education and training for ministries, missionaries, and other Christian workers. By offering a thoroughly developed curriculum and a supportive learning environment, the seminary equips men and women interested in Christian work with the knowledge and skills necessary to make a positive impact in their communities and beyond. Through its focus on education and training, Virginia Beach Theological Seminary fosters the development of strong and dedicated Christian leaders who can effectively serve others and further the mission of the church.




This information is meant to be a general summary of Virginia Beach Theological Seminary. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$873,149 (2022)
Expenses
$739,984 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $117,184
  • Program Service Revenue: $196,139
  • Gross Receipts: $882,815

Assets and Liabilities:

  • Total Assets: $1,041,638
  • Total Liabilities: $35,086
  • Net Assets: $1,006,552

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

TUITION AND FEES

Revenue

$196,139

Organization Details

Founding Year

1995

Principal Officer

Daniel Davey

Main Address

2221 CENTERVILLE TURNPIKE, VIRGINIA BEACH, VA, 23464

NTEE Category

Code: B99Z - Education

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