Overview
What is Pacific Theological Seminary?
Pacific Theological Seminary is a nonprofit organization situated in San Diego, California, specifically at 8977 Activity Road Suite 100. Established due to the closure of a branch campus of Bethel University in California, its main objective is to address an educational need by providing graduate-level religious education. The seminary commenced classes in February 2022, following a temporary license granted in June 2021. Their mission involves preparing pastors and Christian leaders for ministry, offering both Master of Divinity and Master of Arts degrees.
Official website here: www.newseminarysd.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72% (Two-Star out of Four Star rating)
Pacific Theological Seminary has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and transparency in its operations. The organization has a fully independent board, scoring full points for both the percentage of independent board members and independent board size. Additionally, it demonstrates strong financial health with no material diversion of assets and a low liabilities to assets ratio.
However, there are some notable limitations in its financial reporting. While the seminary scored well in other accountability measures, it did not meet expectations for posting its tax form on the nonprofit's website, which affected its overall Program Expense Ratio score. With a program expense ratio of 53.99%, there is room for improvement in directing a higher percentage of expenses towards its programs and services.
In summary, while Pacific Theological Seminary showcases strengths in governance and financial management, attention to transparency in its financial documentation would enhance its accountability and potentially improve its rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Pacific Theological Seminary legitimate?
Pacific Theological Seminary is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pacific 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: $151,270
For more financial information, click here
Official website here: www.newseminarysd.org
What is the mission statement of Pacific Theological Seminary?
Pacific Theological Seminary's mission is centered around educating future pastors and religious leaders. To fulfill this purpose, they offer graduate degrees such as Masters of Divinity and Masters of Arts. The seminary was established to address an educational gap caused by the closure of a Bethel University branch campus in California. Initially licensed to commence classes in June 2021 due to COVID-19 restrictions, the seminary started its educational journey in February 2022, offering graduate religious education.
Official website here: www.newseminarysd.org
Who is the CEO of Pacific Theological Seminary?
Janice Raymond is the Secretary/Treasurer/Coo of Pacific Theological Seminary.
Official website here: www.newseminarysd.org
What is the revenue of Pacific Theological Seminary?
Pacific Theological Seminary's revenue in 2022 was $886,324.
Official website here: www.newseminarysd.org
Who are the executives of Pacific Theological Seminary and what are their salaries?
Here are 10 key members and their salaries:
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Official website here: www.newseminarysd.org
Where can I find the form 990 for Pacific Theological Seminary?
Pacific Theological Seminary's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newseminarysd.org
Learn more at the official website: www.newseminarysd.org
Mission Statement of Pacific Theological Seminary
Pacific Theological Seminary, a nonprofit organization, was established with a mission to fulfill an educational gap caused by the closure of a branch campus of Bethel University in California. Their primary goal is to provide graduate-level religious education, offering degrees such as Masters of Divinity and Masters of Arts. Initially licensed to commence classes in June 2021 due to the pandemic, the seminary started its educational journey in February 2022. By offering these degrees, Pacific Theological Seminary aims to prepare future pastors and Christian leaders for their ministry roles. The organization plays a crucial role in shaping the minds and hearts of individuals who are passionate about religious studies and leadership, ultimately contributing to the spiritual growth and guidance of communities.
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Impact
July, 2024
Pacific Theological Seminary's impact lies in its mission to prepare pastors and Christian leaders for ministry by offering graduate degrees in Masters of Divinity and Masters of Arts. The organization emerged to address the educational void left by the closure of a branch campus of Bethel University in California, focusing on the delivery of graduate religious education.
Through its programs, Pacific Theological Seminary equips individuals with the knowledge, skills, and spiritual depth necessary for effective leadership in religious contexts. By filling this educational gap, the organization contributes to the development of a new generation of competent and dedicated religious leaders who can positively influence their communities.
Operating in San Diego, California, Pacific Theological Seminary's impact extends beyond just academic achievement. It fosters the growth of individuals who are committed to serving their faith communities and making a meaningful difference in the world. Thus, the organization's reach resonates well beyond its immediate surroundings, shaping the future of religious leadership and education.
This information is meant to be a general summary of Pacific 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 2022.
- Investment Income: $119
- Program Service Revenue: $9,836
- Gross Receipts: $886,324
Assets and Liabilities:
- Total Assets: $1,074,658
- Total Liabilities: $11,637
- Net Assets: $1,063,021
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION AND COURSE FEE
Revenue
$9,836
Organization Details
Founding Year
2018
Phone
(619) 287-3028Principal Officer
Janice Raymond
Main Address
8977 ACTIVITY ROAD SUITE 100, SAN DIEGO, CA, 92126
Website
www.newseminarysd.orgNTEE Category
Code: B43 - Education
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