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Baptist Seminary Of Kentucky

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

EIN: 611312812 ✦ Lexington, KY ✦ Designated as a 501(c)(3)

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Overview

What is Baptist Seminary Of Kentucky?

The Baptist Seminary of Kentucky, located in Lexington, Kentucky, is a nonprofit organization dedicated to providing Christian theological education. With a focus on spiritual depth, intellectual honesty, and moral integrity, the seminary enrolls students in its Master of Divinity program, with 47 students joining in the fall and 40 in the spring. The institution, employing a team of 17 individuals, offers education that fosters an environment of spiritual growth and ethical conduct, contributing to the development of future religious leaders.


Official website here: www.bsky.org

What are the reviews and ratings of this charity?

Charity Navigator Rating 92% - Four-Star out of Four Star Rating

Baptist Seminary of Kentucky has earned a Four-Star rating from Charity Navigator, reflecting strong performance in accountability and finance. The organization scored exceptionally well, particularly for its independent board composition and financial oversight, indicating a high level of transparency and ethical governance.

The charity's board consists entirely of independent members, and it has robust financial policies in place, including a conflict of interest policy and a whistleblower policy. With a program expense ratio of 73.51%, the organization allocates a significant portion of its resources toward its mission-driven activities, which is a positive indicator of its commitment to effective programming.

While the organization demonstrates excellent management of its financial health, including a low liabilities to assets ratio of 16.14%, the data does not provide insights into the impact of its programs or services. Overall, Baptist Seminary of Kentucky showcases strong governance and financial accountability, making it a commendable choice for donors seeking to support responsible nonprofit organizations.


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

Is Baptist Seminary Of Kentucky legitimate?

Baptist Seminary Of Kentucky is a legitimate nonprofit organization registered as a 501(c)(3) entity. Baptist Seminary Of Kentucky 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: $70,208
Professional Fundraising Fees: $0
Other Salaries and Wages: $719,945

For more financial information, click here


Official website here: www.bsky.org

What is the mission statement of Baptist Seminary Of Kentucky?

The Baptist Seminary of Kentucky is dedicated to providing Christian theological education, emphasizing spiritual depth, intellectual honesty, and moral integrity. Their mission is centered around educating students enrolled in the Master of Divinity program, fostering an environment that encourages spiritual growth and ethical understanding. The seminary prioritizes academic rigor and moral integrity, striving to prepare its students for meaningful careers in theological fields.


Official website here: www.bsky.org

Who is the CEO of Baptist Seminary Of Kentucky?

David Cassady is the Trustee of Baptist Seminary Of Kentucky.


Official website here: www.bsky.org

What is the revenue of Baptist Seminary Of Kentucky?

Baptist Seminary Of Kentucky's revenue in 2022 was $1,983,288.


Official website here: www.bsky.org

Who are the executives of Baptist Seminary Of Kentucky and what are their salaries?

The average compensation at Baptist Seminary Of Kentucky during 2022 was $46,480. There are 17 employees at Baptist Seminary Of Kentucky.


Here are 16 key members and their salaries:


Joan Fowler (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ann Mcmahan (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Micah Spicer (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Melody Chaney (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Reba Cobb (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Don Colliver (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Gray (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ken Hall (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alphonso Cornish (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dwight Lovan (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lesley T Mabry (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Cassady (President)
  • Compensation: $70,208
  • Related: $0
  • Other: $0
Margaret Jolly (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Omer Middleton (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jonathon Morehead (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ronald Oliver (Vice-Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.bsky.org

Where can I find the form 990 for Baptist Seminary Of Kentucky?

Baptist Seminary Of Kentucky's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.bsky.org

Learn more at the official website: www.bsky.org

Mission Statement of Baptist Seminary Of Kentucky

The Baptist Seminary of Kentucky is dedicated to providing Christian theological education, emphasizing spiritual depth, intellectual honesty, and moral integrity. Committed to this mission, the seminary offers a nurturing environment for students enrolled in its Master of Divinity program. With a fall enrollment of 47 students and a spring enrollment of 40 students, the Baptist Seminary of Kentucky is committed to nurturing future religious leaders with a strong foundation in theology. The seminary's mission is to foster a spiritual growth and ethical understanding in its students, enabling them to serve their communities and their faith with integrity.

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Impact




July, 2024

The impact of Baptist Seminary Of Kentucky is felt through its provision of Christian theological education that is rooted in spiritual depth, intellectual honesty, and moral integrity. By offering educational training to students enrolled in the Master of Divinity program, the seminary is shaping the future leaders of faith communities. With a mission focused on providing a robust theological education, Baptist Seminary Of Kentucky is contributing to the spiritual and intellectual growth of its students, who will in turn serve their communities with integrity and knowledge.




This information is meant to be a general summary of Baptist Seminary Of Kentucky. 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
$1,983,288 (2022)
Expenses
$1,207,264 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $160,204
  • Program Service Revenue: $81,835
  • Gross Receipts: $2,071,190

Assets and Liabilities:

  • Total Assets: $3,605,933
  • Total Liabilities: $465,165
  • Net Assets: $3,140,768

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Programs

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

TUITION

Revenue

$81,835

Organization Details

Founding Year

1996

Principal Officer

David Cassady

Main Address

PO BOX 23079, LEXINGTON, KY, 40523

NTEE Category

Code: B50 - Education

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