Overview
What is Hood Theological Seminary?
Hood Theological Seminary is a nonprofit educational institution situated in Salisbury, North Carolina. The organization's main objective is to deliver advanced theological studies through instruction, scholarships, and various supportive services. Committed to higher education, Hood Theological Seminary focuses on equipping individuals with theological knowledge, thereby contributing to its primary purpose.
Official website here: www.hoodseminary.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 47%, Zero-Star out of Four Stars
Hood Theological Seminary has received a low overall rating of 47% from Charity Navigator, which indicates significant concerns regarding its financial health and operational transparency. While the organization excels in governance aspects, such as having a fully independent board and strong policies in place for conflict of interest and whistleblower protections, these strengths are overshadowed by poor financial metrics.
Particularly concerning are the organization's financial ratios, including a low program expense ratio of 47% and a fundraising efficiency ratio that indicates a high cost per dollar raised. The liabilities to assets ratio is also notably unfavorable, suggesting that the organization may struggle with financial sustainability. These factors contribute to its zero-star rating, reflecting a lack of effective financial management.
Despite the strengths in governance and accountability, the significant weaknesses in financial performance raise red flags for potential donors and stakeholders looking for effective utilization of resources. It is crucial for Hood Theological Seminary to address these financial challenges to bolster its reputation and impact in the community.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Hood Theological Seminary?
94% of 41 reviewers on Facebook recommend Hood Theological Seminary. Here's a summary of their insights:
The seminary is highly praised for its commitment to developing leaders prepared for diverse and dynamic contexts within the Christian church. Many reviewers highlight the exceptional faculty, describing them as some of the best in the country, particularly for the Master of Divinity (MDiv) and Doctor of Ministry (DMin) programs.
Participants express enthusiasm about their educational journey, emphasizing the supportive environment and the seminary's dedication to its mission. Overall, it seems that Hood Theological Seminary effectively meets the expectations of its students, fostering both personal and professional growth in a nurturing community.
This AI summary has been generated from reviews found on Facebook.
Is Hood Theological Seminary legitimate?
Hood Theological Seminary is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hood 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,312,977
For more financial information, click here
Official website here: www.hoodseminary.edu
What is the mission statement of Hood Theological Seminary?
Hood Theological Seminary, as an educational institution, is dedicated to delivering theological studies at an advanced level. Its mission involves offering instruction, scholarships, and various support services to fulfill its primary objective. The seminary is committed to providing higher education in theological fields, focusing on scholarly pursuits and personal development. It strives to support its students in their academic journey, thereby contributing to the broader field of theology.
Official website here: www.hoodseminary.edu
Who is the CEO of Hood Theological Seminary?
Dr Vergel Lattimore is the Trustee Emeritus of Hood Theological Seminary.
Official website here: www.hoodseminary.edu
What is the revenue of Hood Theological Seminary?
Hood Theological Seminary's revenue in 2023 was $3,503,768.
Official website here: www.hoodseminary.edu
Who are the executives of Hood Theological Seminary and what are their salaries?
The average compensation at Hood Theological Seminary during 2023 was $21,177. There are 62 employees at Hood Theological Seminary.
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Official website here: www.hoodseminary.edu
Where can I find the form 990 for Hood Theological Seminary?
Hood Theological Seminary's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.hoodseminary.edu
Learn more at the official website: www.hoodseminary.edu
Mission Statement of Hood Theological Seminary
Hood Theological Seminary, as an educational institution, is dedicated to providing higher education in theological studies. This esteemed organization offers instruction, scholarships, and various support services to fulfill its primary purpose. With a strong commitment to theological education, Hood Theological Seminary strives to make a significant impact in the field, basing its operations in Salisbury, NC.
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Impact
July, 2024
Hood Theological Seminary makes a significant impact by offering higher education in theological studies. It provides instruction, scholarships, and support services to students pursuing a deeper understanding of theology. Through its educational programs, Hood Theological Seminary equips individuals with the knowledge and skills necessary to serve their communities and advance the field of theological studies. The seminary's commitment to academic excellence and spiritual growth contributes to the development of well-rounded and competent leaders in the realm of theology. Its impact extends beyond the campus in Salisbury, NC, reaching individuals and communities who benefit from the knowledge and expertise of its graduates.
This information is meant to be a general summary of Hood 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $283,771
- Program Service Revenue: $1,522,777
- Gross Receipts: $7,163,924
Assets and Liabilities:
- Total Assets: $18,758,622
- Total Liabilities: $1,841,183
- Net Assets: $16,917,439
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$1,500,872
Organization Details
Founding Year
2001
Phone
(704) 636-6454Principal Officer
Dr Vergel Lattimore
Main Address
1810 LUTHERAN SYNOD DRIVE, SALISBURY, NC, 28144
Website
www.hoodseminary.eduNTEE Category
Code: B50 - Education
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