Association of Theological Schools
Association of Theological Schools reported $14.6 million in revenue and $14.2 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $96.14 went to program services, $3.86 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 73.0% of the total. The highest compensation it reported for one person was $293,300 (Executive Director). 15 people received more than $100,000 in reportable compensation. Revenue rose 553% 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 $14MFor 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 $15MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 96.1% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 3.9% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 73.0% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 10.4% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $293,300 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.06% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 15 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 59.9 | 13.3 |
| Independent voting board members Part VI 1a–1b | 21 of 21 | 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 expenseLeadership Education for Theological Educators - The purpose of this program is to improve theological schools by enhancing the skills of their leaders. Through a program of targeted events, the program reaches administrative leaders and faculty in a range of administrative functions and experience levels. The program serves the administrators and faculty of 270+ member schools of the Association. The program is funded by tuition and fees from participants and a foundation grant
Organizational & Educational Models and Practices - The project seeks to engage ATS member schools in assessing current and developing educational modals and practices of theological education, identifying the most promising aspects of these models for the education and formation of theological leaders, and establishing the normative acceptance of these models in the work of the Association and its related ATS Commission on Accrediting. The project is funded solely by a foundation grant
Pathways for Tomorrow Coordination: This project seeks to coordinate the learning among the more than 100 member schools that received a grant from a national foundation to consider the pathways for the future of their missions and those they serve. This project was fully grant funded
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 |
|---|---|---|---|---|
| Executive Director Officer, key employee, 40 hrs/week | $293,300 | $0 | $0 | $293,300 |
| Assistant Treasurer & COO Officer, 40 hrs/week | $205,460 | $0 | $0 | $205,460 |
| Senior Director of Accreditation Highest compensated employee, 40 hrs/week | $182,000 | $0 | $0 | $182,000 |
| Director of Global Engagement Highest compensated employee, 40 hrs/week | $152,060 | $0 | $0 | $152,060 |
| Director of Technology Highest compensated employee, 40 hrs/week | $145,510 | $0 | $0 | $145,510 |
| Director of Insitutional Initiatives Highest compensated employee, 40 hrs/week | $139,660 | $0 | $0 | $139,660 |
| Director of Research Highest compensated employee, 40 hrs/week | $136,348 | $0 | $0 | $136,348 |
15 people received more than $100,000 in reportable compensation from Association of Theological Schools (Part VII, line 2). Compensation of current officers, directors and key employees totaled $499K (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–1b21 · 21 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 2No
- 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 532
- Volunteers Part I, line 6200
Private foundation grants it received
1 private foundation reported grants to Association of Theological Schools totaling $500K 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 Association of Theological Schools's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Association of Theological Schools, you can publish a response that is linked from this page.
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Of every $100 Association of Theological Schools spent in FY2025, $96.14 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of Association of Theological Schools's spending goes to programs?
In the fiscal year ending June 30, 2025, Association of Theological Schools reported that 96.1% of its $14.2 million in expenses went to program services, 3.9% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Association of Theological Schools pay its top executive?
The largest total compensation Association of Theological Schools reported for one person in the fiscal year ending June 30, 2025 was $293,300, for the role of Executive Director (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Association of Theological Schools get its money?
Of $14.6 million in revenue in the fiscal year ending June 30, 2025, 73.0% came from contributions and grants and 10.4% from program service revenue (Form 990, Part VIII).
Is Association of Theological Schools a registered charity?
The IRS lists EIN 56-2476876 as a 501(c)(3) organization (supporting organization (509(a)(3))), 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 202523399349301207 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202413419349300936 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202313429349300011 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202233399349300553 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202103409349301400 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202013399349300006 · read the filing
All filings for EIN 56-2476876: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.