Westminster Theological Seminary
Westminster Theological Seminary reported $32.1 million in revenue and $30.0 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $76.13 went to program services, $13.96 to management and general costs and $9.91 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 56.0% of the total. Government grants made up 8.4%. The highest compensation it reported for one person was $240,279 (PRESIDENT). 26 people received more than $100,000 in reportable compensation. Revenue rose 46% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $30MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $32MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 76.1% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 14.0% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 9.9% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.23 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 40.0% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 8.4% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 56.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $240,279 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.80% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 26 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 26.9 | 13.3 |
| Independent voting board members Part VI 1a–1b | 14 of 14 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expensePostgraduate academic programswestminster exists to train specialists in the bible to proclaim the whole counsel of god for christ and his global church. It is our intention to contribute to the training and spiritual formation of all of our students in the various degree programs. We currently offer programs leading to the master of divinity (mdiv), master of arts in religion (mar), master of arts in counseling (mac), master of arts in theological studies (mats), master of theology (thm), doctor of ministry (dmin), doctor of philosophy (phd), and a certificate in christian studies…
Online learningonline learning provides multiple degree programs online to train leaders in ministry anywhere in the world in their local ministry contexts. In addition to master of arts in counseling and a master of arts in theological studies, we have been offering the master of divinity (mdiv) and master of arts in religion (mar) online. In fall 2024, we had 191 students in the mats program, 339 in mac, 53 in mar, 140 in the mdiv, and 47 certificate students. In spring 2025, 182 in mats, 342 in mac, 53 in mar, 138 in mdiv, and 38 certificate students
Wtsbooks.comwestminster bookstore is the campus bookstore for Westminster Theological Seminary. We exist to serve the kingdom of god by serving the Westminster Theological Seminary community through the distribution of high quality, biblically faithful, reformed books and resources
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT Officer, 45.00 hrs/week | $165,655 | $0 | $74,624 | $240,279 |
| VP OF STEWARDSHIP Officer, 45.00 hrs/week | $190,371 | $0 | $28,805 | $219,176 |
| CHIEF ACADEMIC OFFICER Officer, 45.00 hrs/week | $109,462 | $0 | $79,750 | $189,212 |
| CHIEF OPERATING OFFICER Officer, 45.00 hrs/week | $150,924 | $0 | $30,376 | $181,300 |
| SR DIRECTOR OF ONLINE LEARNING Highest compensated employee, 45.00 hrs/week | $141,642 | $0 | $29,977 | $171,619 |
| SR DIRECTOR OF ENROLLMENT Highest compensated employee, 45.00 hrs/week | $144,695 | $0 | $25,978 | $170,673 |
| SR DIRECTOR OF STEWARDSHIP Highest compensated employee, 45.00 hrs/week | $127,829 | $0 | $29,310 | $157,139 |
| SR DIRECTOR OF FINANCE Officer, 45.00 hrs/week | $129,808 | $0 | $17,771 | $147,579 |
26 people received more than $100,000 in reportable compensation from Westminster Theological Seminary (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.3M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b14 · 14 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 5259
- Volunteers Part I, line 620
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| BURKEY CORPORATION Construction services | $2,106,658 |
| CHRISTIAN COUNSELING & EDUCATIONAL FDN Counseling services | $1,042,276 |
| BURKEY CONSTRUCTION Construction services | $463,569 |
| SALESFORCE INC Software services | $156,591 |
Individuals listed as contractors are left out. 9 contractors were paid more than $100,000 in all.
Private foundation grants it received
11 private foundations reported grants to Westminster Theological Seminary totaling $233K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Westminster Theological Seminary's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Westminster Theological Seminary, you can publish a response that is linked from this page.
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Of every $100 Westminster Theological Seminary spent in FY2025, $76.13 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Iq Academy California - Los AngelesSimi Valley, CA · revenue $32M · programs 89.4% · FY2025
- Riverview SchoolEast Sandwich, MA · revenue $32M · programs 85.9% · FY2025
- Canterbury SchoolNew Milford, CT · revenue $32M · programs 75.1% · FY2025
- Lctcs Facilities CorporationMetairie, LA · revenue $32M · programs 99.8% · 2024
- Hope AcademyMinneapolis, MN · revenue $32M · programs 92.6% · FY2025
Questions people ask
How much of Westminster Theological Seminary's spending goes to programs?
In the fiscal year ending June 30, 2025, Westminster Theological Seminary reported that 76.1% of its $30.0 million in expenses went to program services, 14.0% to management and general and 9.9% to fundraising (Form 990, Part IX).
How much does Westminster Theological Seminary pay its top executive?
The largest total compensation Westminster Theological Seminary reported for one person in the fiscal year ending June 30, 2025 was $240,279, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Westminster Theological Seminary get its money?
Of $32.1 million in revenue in the fiscal year ending June 30, 2025, 40.0% came from contributions and grants (including 8.4% from government grants) and 56.0% from program service revenue (Form 990, Part VIII).
Is Westminster Theological Seminary a registered charity?
The IRS lists EIN 23-1352689 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202601359349309045 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202521359349304442 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202421369349302652 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202321329349309317 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202231369349301983 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202141379349305514 · read the filing
All filings for EIN 23-1352689: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.