Overview
What is Wesley Biblical Seminary?
Wesley Biblical Seminary is a nonprofit institution situated in Ridgeland, Mississippi. It stands out as a multi-denominational school of theology, offering comprehensive education at undergraduate, graduate, and doctorate levels. The seminary's primary mission is to equip individuals preparing for Christian service, providing them with the necessary knowledge and skills. With a dedicated workforce of 37 individuals, Wesley Biblical Seminary plays a significant role in shaping the future of religious leaders and advocates.
Official website here: www.wbs.edu
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 87%, Three-Star out of Four Star rating.
Wesley Biblical Seminary has earned a solid Three-Star rating from Charity Navigator, reflecting a strong performance in accountability and finance with a score of 93%. The organization demonstrates robust governance through its fully independent board and effective financial oversight, achieving perfect scores in areas such as audit committee oversight and material diversion of assets. However, there are some weaknesses, notably the absence of a whistleblower policy and document retention procedures, which could be improved to enhance transparency.
The seminary excels in its culture and community engagement, scoring a perfect 100%. Feedback collection and usage practices are well-implemented, highlighting the organization’s commitment to listening to its community and adapting based on their input. This strong focus on community feedback suggests that the seminary values its stakeholders and aims to create a positive environment.
Financially, the seminary shows a healthy balance with a low liability-to-asset ratio and efficient fundraising practices, allowing for effective program spending. Nonetheless, its program expense ratio could be improved, indicating that a portion of its funds may not be directed towards direct program costs as efficiently as possible. Overall, Wesley Biblical Seminary demonstrates strong accountability, a commitment to community engagement, and areas for potential growth in financial management.
This AI summary has been generated from information found on Charity Navigator.
Is Wesley Biblical Seminary legitimate?
Wesley Biblical Seminary is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wesley Biblical 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: $152,424
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,155,210
For more financial information, click here
Official website here: www.wbs.edu
What is the mission statement of Wesley Biblical Seminary?
Wesley Biblical Seminary is a multi-denominal theological institution that offers undergraduate, graduate, and doctorate-level education. Its mission is to prepare individuals for Christian service by providing them with comprehensive theological education. The seminary aims to equip students with the necessary knowledge and skills to serve effectively in various Christian capacities. Through its curriculum, Wesley Biblical Seminary fosters a deep understanding of theology, encourages spiritual growth, and equips students to apply their learning in real-world Christian service. The seminary's education is designed to be inclusive, welcoming students from various denominations and backgrounds.
Official website here: www.wbs.edu
Who is the CEO of Wesley Biblical Seminary?
Dr Matt Friedeman is the President of Wesley Biblical Seminary.
Official website here: www.wbs.edu
What is the revenue of Wesley Biblical Seminary?
Wesley Biblical Seminary's revenue in 2023 was $4,234,297.
Official website here: www.wbs.edu
Who are the executives of Wesley Biblical Seminary and what are their salaries?
The average compensation at Wesley Biblical Seminary during 2023 was $35,341. There are 37 employees at Wesley Biblical Seminary.
Here are 19 key members and their salaries:
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Official website here: www.wbs.edu
Where can I find the form 990 for Wesley Biblical Seminary?
Wesley Biblical Seminary's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.wbs.edu
Learn more at the official website: www.wbs.edu
Mission Statement of Wesley Biblical Seminary
Wesley Biblical Seminary, a multi-denominational institution, is dedicated to providing comprehensive theological education. This esteemed organization offers undergraduate, graduate, and doctorate-level programs, serving individuals who are preparing for Christian service. Its mission is to equip these individuals with the necessary knowledge and skills, thereby fostering their readiness to contribute to various religious communities.
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Impact
July, 2024
Wesley Biblical Seminary's impact is deeply rooted in its mission to provide high-quality theological education to individuals preparing for Christian service. By offering undergraduate, graduate, and doctorate level programs, the seminary equips students with the knowledge and skills needed to serve and lead in various ministries and communities. Through its multi-denominational approach, Wesley Biblical Seminary prepares graduates to make a positive impact in churches, non-profit organizations, and other Christian settings. This institution plays a vital role in shaping future Christian leaders and helping them make a difference in the world.
This information is meant to be a general summary of Wesley Biblical 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: -$122,172
- Program Service Revenue: $1,312,623
- Gross Receipts: $5,493,597
Assets and Liabilities:
- Total Assets: $6,610,387
- Total Liabilities: $127,201
- Net Assets: $6,483,186
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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
$1,304,622
AUXILIARY
Revenue
$8,001
Organization Details
Founding Year
1975
Phone
(601) 366-8880Principal Officer
Dr Matt Friedeman
Main Address
P O BOX 600, RIDGELAND, MS, 39158
Website
www.wbs.eduNTEE Category
Code: B58Z - Education
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