Overview
What is Irbs Theological Seminary C/O Heritage Baptist Church?
Irbs Theological Seminary C/O Heritage Baptist Church is a nonprofit institution situated in Mansfield, Texas. Committed to assisting Reformed Baptist churches and others, it serves its students through distance education programs. With a global constituency in mind, the seminary offers a Master of Divinity degree, providing comprehensive academic preparation in theological and ministerial disciplines. Through a three-pronged strategy of lecture-based courses, internships, and apprenticeships, it aims to graduate individuals ready to serve in churches worldwide. The seminary's mission is exclusively religious, focusing on educating and training individuals for the pastoral ministry and other ministries of the church, adhering to the doctrinal standards of the Association of Reformed Baptist Churches of America. With a team of six dedicated employees, it strives to further the ministerial training goals of the association and serve churches globally.
Official website here: www.irbsseminary.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69%, earning it a Two-Star out of Four Star rating. This rating indicates that Irbs Theological Seminary C/O Heritage Baptist Church has room for improvement in its accountability and financial practices. While the organization demonstrates several strengths, such as having a fully independent board and a low liabilities to assets ratio, it also has critical gaps in governance policies.
The organization boasts a high program expense ratio of 76.59%, indicating that a significant portion of its resources is allocated to its programs. Additionally, it has no history of material diversion of assets, which is a positive aspect of its financial stewardship. However, the absence of key policies, including those on conflicts of interest and whistleblower protections, raises concerns about its governance practices.
Furthermore, the lack of transparency in sharing documents, such as tax forms and policies regarding document retention, is a notable limitation. While the nonprofit performs well in certain metrics, the absence of these important policies could impact trust and accountability in the eyes of potential donors and stakeholders. Overall, there is a need for improvement in governance to enhance its rating and public confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Irbs Theological Seminary C/O Heritage Baptist Church legitimate?
Irbs Theological Seminary C/O Heritage Baptist Church is a legitimate nonprofit organization registered as a 501(c)(3) entity. Irbs Theological Seminary C/O Heritage Baptist Church 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: $205,578
For more financial information, click here
Official website here: www.irbsseminary.org
What is the mission statement of Irbs Theological Seminary C/O Heritage Baptist Church?
Irbs Theological Seminary, affiliated with Heritage Baptist Church, is dedicated to assisting Reformed Baptist churches and other entities in preparing men for gospel ministry. It aims to serve a global constituency, offering the Master of Divinity degree, and providing comprehensive academic preparation in theological and ministerial disciplines. The seminary employs a three-part strategy, including lecture-based courses, internships, and apprenticeships, to graduate ministers ready to serve in churches worldwide. The seminary exists primarily for religious purposes, primarily but not exclusively, to educate and train individuals for pastoral ministry and other church ministries by providing a graduate-level theological education in accordance with the doctrinal standards of the Association of Reformed Baptist Churches of America, thereby furthering the ministerial training goals of the association and serving churches globally.
Official website here: www.irbsseminary.org
Who is the CEO of Irbs Theological Seminary C/O Heritage Baptist Church?
Victor B Ward is the Principal Officer of Irbs Theological Seminary C/O Heritage Baptist Church.
Official website here: www.irbsseminary.org
What is the revenue of Irbs Theological Seminary C/O Heritage Baptist Church?
Irbs Theological Seminary C/O Heritage Baptist Church's revenue in 2022 was $539,947.
Official website here: www.irbsseminary.org
Who are the executives of Irbs Theological Seminary C/O Heritage Baptist Church and what are their salaries?
The average compensation at Irbs Theological Seminary C/O Heritage Baptist Church during 2022 was $34,263. There are 6 employees at Irbs Theological Seminary C/O Heritage Baptist Church.
Here are 8 key members and their salaries:
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- Compensation: $59,556
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- Other: $41,008
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Official website here: www.irbsseminary.org
Where can I find the form 990 for Irbs Theological Seminary C/O Heritage Baptist Church?
Irbs Theological Seminary C/O Heritage Baptist Church's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.irbsseminary.org
Learn more at the official website: www.irbsseminary.org
Mission Statement of Irbs Theological Seminary C/O Heritage Baptist Church
Irbs Theological Seminary C/O Heritage Baptist Church is established with the primary objective of assisting Reformed Baptist churches and others in preparing men for gospel ministry. This seminary serves a global constituency, offering the Master of Divinity degree, and providing robust academic preparation in necessary theological and ministerial disciplines.
The seminary adheres to exclusively religious purposes, primarily and specifically, for the purpose of educating and training individuals for the pastoral ministry and other ministries of the church. It achieves this goal by providing a graduate-level theological education in accordance with the doctrinal standards of the Association of Reformed Baptist Churches of America. The seminary's curriculum encompasses a three-fold strategy, incorporating lecture-based courses, internships, and apprenticeships, thereby equipping graduates to serve in churches worldwide.
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Impact
July, 2024
Irbs Theological Seminary, operating under the umbrella of Heritage Baptist Church, has made a significant impact by providing a specialized education and training for individuals preparing for the pastoral ministry and other church ministries. Through its commitment to assisting Reformed Baptist churches and others, the seminary offers a Master of Divinity degree that equips men with robust academic preparation in theological and ministerial disciplines.
By employing a three-fold strategy of lecture-based courses, internships, and apprenticeships, Irbs Theological Seminary graduates individuals who are ready to serve in churches around the world. This approach not only ensures a comprehensive education but also practical experience that prepares students for the challenges and responsibilities of ministry.
Through its distance education programs, the seminary serves a global constituency, reaching students who may not have access to traditional on-campus education. By adhering to doctrinal standards and furthering the ministerial training goals of the Association of Reformed Baptist Churches of America, Irbs Theological Seminary plays a vital role in shaping future leaders within the church community and serves as a beacon of knowledge and support for churches worldwide.
This information is meant to be a general summary of Irbs Theological Seminary C/O Heritage Baptist Church. 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 2022.
- Investment Income: $18,388
- Program Service Revenue: $16,331
- Gross Receipts: $539,947
Assets and Liabilities:
- Total Assets: $554,092
- Total Liabilities: $24,748
- Net Assets: $529,344
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$15,682
BOOK SALES
Revenue
$496
VIDEO LECTURE SALES
Revenue
$92
SHIRT SALES
Revenue
$61
Organization Details
Founding Year
2018
Phone
(682) 400-4926Principal Officer
Victor B Ward
Main Address
201 E BROAD STREET, MANSFIELD, TX, 76063
Website
www.irbsseminary.orgNTEE Category
Code: B50 - Education
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