Overview
What is Covenant Theological Seminary?
Covenant Theological Seminary is a nonprofit institution based in Greenville, North Carolina. Its primary purpose is to educate adults for ministry within the church. The seminary offers degrees, honorary degrees, and reissues diplomas to individuals who have earned them. It also grants credit for various forms of work, such as travel, literature, art, teaching, and writing studies. The seminary has a mission department for missionaries and receives funds for such purposes. Additionally, it provides seminars for credits or audits and owns property to further its ministries. The seminary's expenses primarily cover materials and books for students, as well as events related to their education and transition into the ministry.
Official website here: www.covenanttheological.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 36%, Zero-Star out of Four Star rating.
Covenant Theological Seminary has received a low rating of 36%, indicating significant concerns regarding its accountability and financial management. While the organization boasts a fully independent board with no noted material diversion of assets, it fails to meet critical governance standards, such as having a conflict of interest policy and a whistleblower policy, both of which are missing.
Despite having some positive aspects, like maintaining board meeting minutes and a low liabilities to assets ratio, the seminary struggles with a low program expense ratio of 43.29%. This suggests that a smaller portion of its budget is directed towards its programs, which may raise concerns about its overall effectiveness and mission fulfillment. The lack of transparency in financial practices could deter potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Covenant Theological Seminary legitimate?
Covenant Theological Seminary is a legitimate nonprofit organization registered as a 501(c)(3) entity. Covenant 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: $0
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Official website here: www.covenanttheological.net
What is the mission statement of Covenant Theological Seminary?
Covenant Theological Seminary's mission is primarily focused on educating adults for ministry within the church. The seminary also includes a mission department to support missionaries and accepts donations for this purpose. It awards degrees, honorary degrees, and reissues diplomas to students who have earned them. The seminary also credits individuals for their work in fields such as travel, literature, art, teaching, and writing studies. It establishes new schools to continue this mission and conducts seminars for credit or as audits. The seminary owns property to further its ministries and aims to expand its educational reach.
Official website here: www.covenanttheological.net
What is the revenue of Covenant Theological Seminary?
Covenant Theological Seminary's revenue in 2021 was $37,797.
Official website here: www.covenanttheological.net
Who are the executives of Covenant Theological Seminary and what are their salaries?
Here are 3 key members and their salaries:
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- Other: $0
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- Other: $0
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Official website here: www.covenanttheological.net
Where can I find the form 990 for Covenant Theological Seminary?
Covenant Theological Seminary's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.covenanttheological.net
Learn more at the official website: www.covenanttheological.net
Mission Statement of Covenant Theological Seminary
Covenant Theological Seminary is dedicated to educating adults for the ministry within the church. Its mission encompasses establishing a department for missionaries, granting degrees, honorary degrees, and reissuing diplomas to deserving individuals. The seminary also acknowledges the accomplishments of individuals in various fields such as travel, literature, art, teaching, and writing studies, giving them credit for their work. To further its mission, Covenant Theological Seminary establishes new schools and conducts seminars for academic credit or as audits. The organization also owns property to support its ministries and aims to provide further opportunities for learning and growth.
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Impact
August, 2024
Covenant Theological Seminary impacts the community by training adults in the ministry of the church and establishing a mission department for missionaries. The seminary also grants degrees, honorary degrees, and reissues diplomas to those who earned them. Additionally, it gives credit to individuals who accumulate data in their work of travel, literature, art, teaching, and writing studies. By owning property to further ministries and offering seminars for credits or as audits, Covenant Theological Seminary plays a vital role in equipping individuals for service within the church and beyond.
This information is meant to be a general summary of Covenant 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 2021.
- Gross Receipts: $37,797
Assets and Liabilities:
- Total Assets: $36,887
- Total Liabilities: $0
- Net Assets: $36,887
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Organization Details
Founding Year
1990
Principal Officer
Erin Flynn Dove
Website
www.covenanttheological.netNTEE Category
Code: B50 - Education
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