Overview
What is Dallas Seminary Foundation?
The Dallas Seminary Foundation is a nonprofit organization based in Dallas, Texas, with an address at 3909 Swiss Avenue, 75204. Its primary mission is to administer funds given to support Dallas Theological Seminary and various ministries served by its alumni. This includes managing donor-advised funds, charitable trusts, gift annuities, scholarships, and designated grants. The foundation's role is instrumental in helping further the mission of Dallas Theological Seminary and its associated ministries by offering charitable planned giving and related services to benefactors. With a team of seven employees, the Dallas Seminary Foundation is dedicated to making a significant impact through its support.
Official website here: www.foundation.dts.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating 94% - Four-Star out of Four Star rating
The Dallas Seminary Foundation has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. The score is derived entirely from the accountability and finance beacon, indicating that the organization excels in maintaining transparency and responsible management of its resources.
Key strengths include a strong independent board, with 64% of its members meeting this criterion, and a well-structured audit and oversight committee. The foundation also boasts exceptional program expense ratios and fundraising efficiency, demonstrating effective use of funds towards its mission and minimal fundraising costs. Additionally, the organization has established comprehensive policies for conflict of interest, whistleblower protection, and document retention, further solidifying its governance structure.
While the Dallas Seminary Foundation shows strong financial health with low liabilities and a robust working capital ratio, there are no noted limitations or concerns in the data provided. Overall, the foundation stands out as a financially stable nonprofit dedicated to its educational mission.
This AI summary has been generated from information found on Charity Navigator.
Is Dallas Seminary Foundation legitimate?
Dallas Seminary Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dallas Seminary Foundation 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: $273,729
Professional Fundraising Fees: $0
Other Salaries and Wages: $199,298
For more financial information, click here
Official website here: www.foundation.dts.edu
What is the mission statement of Dallas Seminary Foundation?
The Dallas Seminary Foundation serves a crucial role in supporting the mission of Dallas Theological Seminary. Through charitable planned giving and related services, it assists friends of the Seminary in making a difference. The foundation manages various funds primarily dedicated to the support of Dallas Theological Seminary and ministries connected to its alumni. These funds include donor-advised grants, charitable trusts, gift annuities, scholarships, and designated grants. By administering these funds, the Dallas Seminary Foundation plays an essential part in furthering the goals of Dallas Theological Seminary and the impactful work of its alumni.
Official website here: www.foundation.dts.edu
Who is the CEO of Dallas Seminary Foundation?
Scott Talbot is the Executive Director of Dallas Seminary Foundation.
Official website here: www.foundation.dts.edu
What is the revenue of Dallas Seminary Foundation?
Dallas Seminary Foundation's revenue in 2023 was $13,426,192.
Official website here: www.foundation.dts.edu
Who are the executives of Dallas Seminary Foundation and what are their salaries?
The average compensation at Dallas Seminary Foundation during 2023 was $67,575. There are 7 employees and 11 volunteers at Dallas Seminary Foundation.
Here are 17 key members and their salaries:
- Compensation: $0
- Related: $256,505
- Other: $94,198
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- Related: $144,922
- Other: $68,160
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- Related: $178,205
- Other: $18,331
- Compensation: $0
- Related: $150,555
- Other: $14,211
- Compensation: $123,601
- Related: $0
- Other: $14,475
- Compensation: $92,853
- Related: $0
- Other: $12,890
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- Other: $0
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- Other: $0
Official website here: www.foundation.dts.edu
Where can I find the form 990 for Dallas Seminary Foundation?
Dallas Seminary Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.foundation.dts.edu
Learn more at the official website: www.foundation.dts.edu
Mission Statement of Dallas Seminary Foundation
The Dallas Seminary Foundation serves a vital role in upholding the mission of Dallas Theological Seminary. By offering charitable planned giving and related services, the Foundation fosters support from friends of the Seminary. In essence, it acts as a conduit for donors to contribute to the educational institution and various ministries connected to its graduates.
The Foundation's primary responsibility lies in managing funds benefiting Dallas Theological Seminary and the organizations it serves through its alumni. This includes donor-advised funds, charitable trusts, scholarship programs, and designated grants. The donor-advised funds enable donors to recommend grants to Dallas Theological Seminary and affiliated ministries, ensuring their charitable contributions align with their philanthropic goals.
In addition to managing funds, the Dallas Seminary Foundation offers other planned giving options, such as gift annuities, to its supporters. These arrangements enable donors to receive income for life while making a significant contribution to the Seminary and its mission. The Foundation also manages scholarships to support students pursuing their theological education at Dallas Theological Seminary, thereby investing in the next generation of religious leaders.
By providing these charitable giving opportunities, the Dallas Seminary Foundation strengthens the bond between donors and the Seminary, ultimately furthering its mission to educate and prepare individuals for Christian service, scholarship, and leadership.
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Impact
October, 2024
Dallas Seminary Foundation plays a crucial role in enhancing the mission of Dallas Theological Seminary by facilitating charitable planned giving and providing essential financial services to its community. Through the administration of funds, the foundation supports the seminary and its alumni-driven ministries, enabling a wide range of educational and outreach opportunities.
The foundation manages various financial instruments such as donor-advised funds, charitable trusts, and gift annuities, which collectively contribute to the sustainability and growth of the seminary's programs. Additionally, it provides scholarships and designated grants that empower students and support their educational journeys. This focus on financial stewardship not only strengthens the seminary's programs but also fosters a culture of generosity among alumni and supporters, ensuring that the values and teachings of Dallas Theological Seminary continue to thrive and impact future generations.
This information is meant to be a general summary of Dallas Seminary Foundation. 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: $1,710,334
- Program Service Revenue: $532,070
- Gross Receipts: $29,282,842
Assets and Liabilities:
- Total Assets: $92,516,678
- Total Liabilities: $34,423,537
- Net Assets: $58,093,141
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fund mgmt assessment
Revenue
$532,070
Organization Details
Founding Year
1987
Principal Officer
Scott Talbot
Main Address
3909 Swiss Avenue, Dallas, TX, 752046411
Website
www.foundation.dts.eduNTEE Category
Code: B115 - Education
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