Nonprofit · EIN 73-1303821
PHILLIPS THEOLOGICAL SEMINARY CORPORATION
Tax-exempt · TULSA, OK 74116
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $11,332,736 | $9,103,272 | $2,229,464 | $207,763,449 | $9,938,488 | $197,824,961 |
| June 30, 2024 | 990 | $8,408,706 | $8,181,017 | $227,689 | $174,302,256 | $1,578,173 | $172,724,083 |
| June 30, 2023 | 990 | $7,926,663 | $8,125,713 | -$199,050 | $156,745,593 | $842,844 | $155,902,749 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,646,391
- Program service revenue
- $572,517
- Investment income
- $9,070,773
- Royalties
- $14,880
- Net gain from sales of assets
- $8,788,056
- Other revenue
- $43,055
Expenses
- Grants and similar amounts paid
- $463,143
- Compensation of officers, directors and key employees
- $518,006
- Other salaries and wages
- $4,003,732
- Salaries, compensation and benefits (total)
- $5,870,284
- Professional fundraising fees
- $0
- Accounting fees
- $54,318
- Occupancy
- $226,969
- Travel
- $93,071
- Depreciation
- $813,580
- Program services (functional)
- $6,001,274
- Management and general (functional)
- $2,168,139
- Fundraising (functional)
- $933,859
Balance sheet and other
- Total assets, start of year
- $174,302,256
- Total assets, end of year
- $207,763,449
- Total liabilities, end of year
- $9,938,488
- Net assets, end of year
- $197,824,961
- Land, buildings and equipment
- $16,556,195
- Publicly traded securities
- $59,526,989
- Net assets without donor restrictions
- $25,010,078
- Net assets with donor restrictions
- $172,814,883
- Gross receipts
- $13,116,253
- Employees
- 79
- Volunteers
- 21
- Year formed
- 1987
- State of legal domicile
- OK
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LISA DAVISON | VP OF ACADEMIC AFFAIRS Highest-paid employee | 40 | $126,658 | $64,188 |
| NANCY CLAIRE PITTMAN | FORMER PRESIDENT Officer | 40 | $125,974 | $56,974 |
| KAREN MCMILLAN | CFO/VP OF FINANCE Officer | 40 | $138,032 | $34,404 |
| WARREN CARTER | PROFESSOR-NT Highest-paid employee | 40 | $108,452 | $36,669 |
| JOSEPH BESSLER | PROFESSOR-THEOLOGY Highest-paid employee | 40 | $112,449 | $29,177 |
| ASHLEY GIBSON | SECRETARY Officer | 40 | $69,123 | $22,381 |
| CLAIRE MEREDITH | CHAIR Trustee or director | 1 | $0 | $0 |
| STEVEN FATE | VICE CHAIR Trustee or director | 1 | $0 | $0 |
| SALLY KELLEY | SECRETARY Trustee or director | 1 | $0 | $0 |
| LARRY BROWN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TODD ADAMS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CONNIE DIETZ | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MYRNA JONES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARCIA HAGEE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARLA MAYBERRY | TRUSTEE Trustee or director | 1 | $0 | $0 |
11 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RUTH ANN FATE | TRUSTEE EMERITA Trustee or director | 1 | $0 |
| LYNWOOD MOORE | CHAIR EMERITUS Trustee or director | 1 | $0 |
| KYLE MAXWELL | TRUSTEE EMERITUS Trustee or director | 1 | $0 |
| THOMAS STANLEY | TRUSTEE Trustee or director | 1 | $0 |
| MOISES ECHEVERRUA | TRUSTEE Trustee or director | 1 | $0 |
| JESSE JACKSON | TRUSTEE Trustee or director | 1 | $0 |
| CHEBON KERNELL | TRUSTEE Trustee or director | 1 | $0 |
| RON NOFZIGER | TRUSTEE Trustee or director | 1 | $0 |
| MINNA ZELCH | TRUSTEE Trustee or director | 1 | $0 |
| DANIEL WOODS | TRUSTEE EMERITUS Trustee or director | 1 | $0 |
| F DOUGLAS POWE JR | PRESIDENT Officer | 40 | $0 |
990 for the year ended June 30, 2024: 24 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| NANCY CLAIRE PITTMAN | PRESIDENT Officer | 40 | $151,575 | $72,631 |
| KAREN MCMILLAN | CFO/VP OF FINANCE Officer | 40 | $128,389 | $31,429 |
| WARREN CARTER | PROFESSOR-NT Highest-paid employee | 40 | $103,510 | $35,918 |
| JOSEPH BESSLER | PROFESSOR-THEOLOGY Highest-paid employee | 40 | $104,527 | $27,639 |
| ASHLEY GIBSON | SECRETARY Officer | 40 | $63,182 | $20,580 |
| CLAIRE MEREDITH | CHAIR Trustee or director | 1 | $0 | $0 |
| STEVEN FATE | VICE CHAIR Trustee or director | 1 | $0 | $0 |
| SALLY KELLEY | SECRETARY Trustee or director | 1 | $0 | $0 |
| LARRY BROWN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TODD ADAMS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CONNIE DIETZ | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MYRNA JONES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARCIA HAGEE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARLA MAYBERRY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RUTH ANN FATE | TRUSTEE EMERITA Trustee or director | 1 | $0 | $0 |
| LYNWOOD MOORE | CHAIR EMERITUS Trustee or director | 1 | $0 | $0 |
| KYLE MAXWELL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| THOMAS STANLEY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MOISES ECHEVERRUA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JESSE JACKSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHEBON KERNELL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RON NOFZIGER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MINNA ZELCH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DANIEL WOODS | TRUSTEE EMERITUS Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 24 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| NANCY CLAIRE PITTMAN | PRESIDENT Officer | 40 | $188,283 | $35,923 |
| TERRY EWING | VP OF ADVANCEMENT Highest-paid employee | 40 | $138,875 | $28,957 |
| KAREN L MCMILLAN | VP OF FINANCE & ADMINISTRA Officer | 40 | $131,907 | $27,912 |
| LISA DAVISON | JOHNNIE EARGLE CADIEUX PROFESSOR OF HEBREW BIBLE/I Highest-paid employee | 40 | $129,681 | $27,600 |
| WARREN CARTER | LADONNA KRAMER MEINDERS PROFESSOR OF NEW TESTAMENT Highest-paid employee | 40 | $113,564 | $25,310 |
| JOE BESSLER | PROFESSOR OF THEOLOGY Highest-paid employee | 40 | $107,577 | $24,590 |
| LEE BUTLER | VP OF ACADEMIC AFFAIRS Officer | 40 | $87,314 | $21,787 |
| STEVEN FATE | CHAIR OF BOARD OF TRUSTEES Trustee or director, Officer | 1 | $0 | $0 |
| LARRY BROWN | P & M COMMITTEE CHAIR Trustee or director | 1 | $0 | $0 |
| SALLY KELLEY | SECRETARY OF BOARD OF TRUS Trustee or director, Officer | 1 | $0 | $0 |
| TODD ADAMS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CONNIE DIETZ | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MYRNA JONES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARLA MAYBERRY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARCIA HAGEE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MOISES ECHEVERRIA | P & O COMMITTEE CHAIR Trustee or director | 1 | $0 | $0 |
| RUTH ANN FATE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PAM HOLT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LYNNWOOD MOORE | CHAIR EMERITUS Trustee or director | 1 | $0 | $0 |
| STEVE LALLI | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JESSE JACKSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KYLE MAXWELL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHEBON KERNELL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DANIEL WOODS | TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 901 N MINGO RD, TULSA, OK 74116-5612
- In care of
- % KAREN L MCMILLAN
- Principal officer (990 for 2024)
- F DOUGLAS POWE JR, 901 N MINGO ROAD, TULSA, OK 74116
- Signed the 990
- F DOUGLAS POWE JR, PRESIDENT
- Phone
- (918) 610-8303
- Website
- WWW.PTSTULSA.EDU
- Return prepared by
- HOGANTAYLOR LLP
Mission
THE SEMINARY'S MISSION IS TO LEARN AND TEACH HOW TO BE: ATTENTIVE TO GOD; RESPONSIBLE BIBLICAL AND THEOLOGICAL INTERPRETERS; FAITHFUL INDIVIDUALS, CONGREGATIONS, AND COMMUNITIES ACTING WITH GOD TO TRANSFORM THE WORLD.
Program accomplishments
- PHILLIPS 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 FOR THE DISCIPLES OF CHRIST DENOMINATION MINISTERS AND LAITY STUDY PROGRAM. THE SEMINARY ALSO OFFERS FOUR PUBLIC EVENTS THROUGHOUT THE YEAR: REMIND & RENEW, TULSA RACE MASSACRE LECTURESHIP, LGBTQIA+ EVENT AND AN INDIGENIOUS EVENT INCLUDING SPECIFIC ARTWORK TAILORED FOR EACH EVENT. PHILLIPS THEOLOGICAL SEMINARY PROVIDED EDUCATIONAL SERVICES TO ABOUT 150 STUDENTS PLUS ANOTHER 125+ STUDENTS IN THE CNETER FOR MINISTRY AND LAY TRAINING PROGRAM. SEVERAL STUDENTS COMPLETED THEIR CHOSEN PROGRAM OF STUDY BY RECEIVING A CERTIFICATE, DIPLOMA, MASTER'S DEGREE, OR DOCTORAL DEGREE.Expenses $6,001,274 · grants $463,143 · revenue $600,692
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 73-1303821
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1988
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B58Z)
- Assets (IRS master file)
- $207,763,449
- Income (IRS master file)
- $13,116,253
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $11,332,736 | $9,103,272 | $207,763,449 | XML |
| 990 | June 2024 | $8,408,706 | $8,181,017 | $174,302,256 | XML |
| 990 | June 2023 | $7,926,663 | $8,125,713 | $156,745,593 | XML |
| 990 | June 2022 | $11,053,065 | $7,114,122 | $140,655,779 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 73-1303821).
Questions about PHILLIPS THEOLOGICAL SEMINARY CORPORATION
- What is the EIN of PHILLIPS THEOLOGICAL SEMINARY CORPORATION?
- The employer identification number (EIN) of PHILLIPS THEOLOGICAL SEMINARY CORPORATION is 73-1303821.
- Is PHILLIPS THEOLOGICAL SEMINARY CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1988.
- Are donations to PHILLIPS THEOLOGICAL SEMINARY CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PHILLIPS THEOLOGICAL SEMINARY CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PHILLIPS THEOLOGICAL SEMINARY CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PHILLIPS THEOLOGICAL SEMINARY CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of PHILLIPS THEOLOGICAL SEMINARY CORPORATION?
- The 990 for the year ended June 30, 2025 names F DOUGLAS POWE JR.
- Who are the officers and directors of PHILLIPS THEOLOGICAL SEMINARY CORPORATION?
- The 990 for the year ended June 30, 2025 lists 26 people; 6 received compensation from the organization, the highest $126,658 (LISA DAVISON, VP OF ACADEMIC AFFAIRS).
- How much revenue does PHILLIPS THEOLOGICAL SEMINARY CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $11,332,736, expenses of $9,103,272 and total assets of $207,763,449 at year end.
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