Overview
What is Presbyterian Theological Seminary?
Presbyterian Theological Seminary, located in Santa Fe Springs, California, serves as a hub for religious study, specifically catering to the Korean Presbyterian Church Abroad (KPCA). Established with a mission to serve both the KPCA and the Kingdom of God, the seminary aims to equip students for effective service to God, his church, and the world. With a dedicated workforce of 70 individuals, the seminary's primary objective is to evangelize, fostering a strong spiritual connection and service within the Korean Presbyterian community in America. The seminary provides a comprehensive religious study program, contributing to the growth and development of its students and the broader community.
Official website here: www.ptsa.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52%
Presbyterian Theological Seminary has received a One-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The rating reflects a low overall score of 52%, which is predominantly influenced by the organization's performance in the Accountability & Finance category. While the seminary boasts an independent board with 100% of its members being independent, there are critical gaps in essential governance practices that impact its rating.
The organization has performed well in certain areas, such as maintaining no material diversion of assets and having a low liabilities to assets ratio of 38.92%. However, it has significant shortcomings, including the absence of a conflict of interest policy, whistleblower policy, and a document retention and destruction policy. Additionally, financial statements are not provided, which diminishes transparency and accountability to stakeholders.
Further, although the seminary successfully documents board meeting minutes, it fails to make its tax forms accessible on its website, contributing to its lower score in financial transparency. These limitations suggest that while the seminary has a solid governance structure, it must enhance its policies and fiscal disclosures to improve its accountability ratings.
This AI summary has been generated from information found on Charity Navigator.
Is Presbyterian Theological Seminary legitimate?
Presbyterian Theological Seminary is a legitimate nonprofit organization registered as a 501(c)(3) entity. Presbyterian 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: $75,199
Professional Fundraising Fees: $0
Other Salaries and Wages: $874,104
For more financial information, click here
Official website here: www.ptsa.edu
What is the mission statement of Presbyterian Theological Seminary?
The Presbyterian Theological Seminary serves the Korean Presbyterian Church Abroad (KPCA) and contributes to the Kingdom of God by equipping students for effective service. Its mission is to prepare individuals for serving God, His church, and the world He has sent them to evangelize. This seminary's primary goal is to support the Korean Presbyterian Church Abroad in its mission. It offers religious study programs to achieve this objective.
Official website here: www.ptsa.edu
Who is the CEO of Presbyterian Theological Seminary?
Sang M Lee is the President of Presbyterian Theological Seminary.
Official website here: www.ptsa.edu
What is the revenue of Presbyterian Theological Seminary?
Presbyterian Theological Seminary's revenue in 2023 was $1,839,721.
Official website here: www.ptsa.edu
Who are the executives of Presbyterian Theological Seminary and what are their salaries?
The average compensation at Presbyterian Theological Seminary during 2023 was $13,561. There are 70 employees at Presbyterian Theological Seminary.
Here are 12 key members and their salaries:
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Official website here: www.ptsa.edu
Where can I find the form 990 for Presbyterian Theological Seminary?
Presbyterian Theological Seminary's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ptsa.edu
Learn more at the official website: www.ptsa.edu
Mission Statement of Presbyterian Theological Seminary
Presbyterian Theological Seminary serves a noble purpose, specifically catering to the Korean Presbyterian Church Abroad (KPCA) and contributing to the Kingdom of God. Its mission is twofold: firstly, to prepare students for effective service to God, His church, and the world He sends them to evangelize. Secondly, the seminary aims to contribute to the broader mission of evangelization. By offering religious study programs, Presbyterian Theological Seminary equips students with the necessary knowledge and skills to serve their community and spread the word of God. The seminary's mission is rooted in its dedication to the Korean Presbyterian Church Abroad and its commitment to the broader kingdom of God.
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Impact
July, 2024
Presbyterian Theological Seminary in America has a significant impact on the Korean Presbyterian Church Abroad (KPCA) and the Kingdom of God. By equipping students for effective service to God, His church, and the world, the seminary plays a crucial role in spreading the gospel and training future leaders. Located in Santa Fe Springs, California, this institution offers religious study programs that help individuals deepen their understanding of theology and prepare for ministry. Overall, Presbyterian Theological Seminary's impact is felt through the graduates who go on to serve communities locally and globally, advancing the mission of the church.
This information is meant to be a general summary of Presbyterian 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 2023.
- Investment Income: $22,338
- Program Service Revenue: $1,067,116
- Gross Receipts: $2,027,494
Assets and Liabilities:
- Total Assets: $7,372,853
- Total Liabilities: $2,870,025
- Net Assets: $4,502,828
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GROSS TUITION & FEE
Revenue
$1,214,269
LESS SCHOLARSHIP & AWARD
Revenue
-$147,153
Organization Details
Founding Year
1981
Phone
(562) 926-1023Principal Officer
Sang M Lee
Main Address
15605 CARMENITA RD, SANTA FE SPRINGS, CA, 90670
Website
www.ptsa.eduNTEE Category
Code: B50 - Education
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