Phillips Theological Seminary Corporation
Phillips Theological Seminary Corporation reported $11.3 million in revenue and $9.1 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $65.92 went to program services, $23.82 to management and general costs and $10.26 to fundraising. Its largest source of revenue was investment income: 80.0% of the total. The highest compensation it reported for one person was $190,846 (VP OF ACADEMIC AFFAIRS). 5 people received more than $100,000 in reportable compensation. Revenue rose 40% 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 $9.1MFor 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 $11MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 65.9% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 23.8% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 10.3% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.57 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 14.5% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 5.1% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $190,846 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.10% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 5 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 260.8 | 13.3 |
| Independent voting board members Part VI 1a–1b | 19 of 19 | 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 expensePhillips Theological Seminary offers theological education dedicated to learning the way of jesus in order to cultivate vital communities, vital conversations, and the public good. Programs of study offered at Phillips Theological Seminary include master of divinity, master of arts (social justice), master in theological studies, master of arts in ministry and culture, doctor of ministry, and diploma in graduate theological studies. Phillips Theological Seminary also offers a disciples of christ commissioned/lay ministry training program which offers online courses in the 16 core competencies…
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 |
|---|---|---|---|---|
| VP OF ACADEMIC AFFAIRS Highest compensated employee, 40.00 hrs/week | $126,658 | $0 | $64,188 | $190,846 |
| FORMER PRESIDENT Officer, 40.00 hrs/week | $125,974 | $0 | $56,974 | $182,948 |
| CFO/VP OF FINANCE Officer, 40.00 hrs/week | $138,032 | $0 | $34,404 | $172,436 |
| PROFESSOR-NT Highest compensated employee, 40.00 hrs/week | $108,452 | $0 | $36,669 | $145,121 |
| PROFESSOR-THEOLOGY Highest compensated employee, 40.00 hrs/week | $112,449 | $0 | $29,177 | $141,626 |
| SECRETARY Officer, 40.00 hrs/week | $69,123 | $0 | $22,381 | $91,504 |
5 people received more than $100,000 in reportable compensation from Phillips Theological Seminary Corporation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $518K (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–1b19 · 19 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 14bNo
- Employees Part I, line 579
- Volunteers Part I, line 621
Private foundation grants it received
3 private foundations reported grants to Phillips Theological Seminary Corporation totaling $2.3M 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 Phillips Theological Seminary Corporation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Phillips Theological Seminary Corporation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Phillips Theological Seminary Corporation spent in FY2025, $65.92 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of Phillips Theological Seminary Corporation's spending goes to programs?
In the fiscal year ending June 30, 2025, Phillips Theological Seminary Corporation reported that 65.9% of its $9.1 million in expenses went to program services, 23.8% to management and general and 10.3% to fundraising (Form 990, Part IX).
How much does Phillips Theological Seminary Corporation pay its top executive?
The largest total compensation Phillips Theological Seminary Corporation reported for one person in the fiscal year ending June 30, 2025 was $190,846, for the role of VP OF ACADEMIC AFFAIRS (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Phillips Theological Seminary Corporation get its money?
Of $11.3 million in revenue in the fiscal year ending June 30, 2025, 14.5% came from contributions and grants and 5.1% from program service revenue (Form 990, Part VIII).
Is Phillips Theological Seminary Corporation a registered charity?
The IRS lists EIN 73-1303821 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 202600589349300630 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202500289349301720 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202421359349305347 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202331309349303198 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202211369349311571 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202140929349300529 · read the filing
All filings for EIN 73-1303821: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.