Nonprofit · EIN 75-0827421
DALLAS THEOLOGICAL SEMINARY
Tax-exempt · DALLAS, TX 75204
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $73,352,068 | $67,752,565 | $5,599,503 | $156,461,744 | $17,088,593 | $139,373,151 |
| June 30, 2024 | 990 | $67,171,133 | $59,141,334 | $8,029,799 | $155,585,962 | $23,622,047 | $131,963,915 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $42,195,125
- Program service revenue
- $28,993,632
- Investment income
- $2,536,933
- Royalties
- $111,386
- Net rental income
- $32,200
- Net gain from sales of assets
- $732,788
- Net income from fundraising events
- -$1,161,614
- Net income from sales of inventory
- $220,671
- Other revenue
- -$373,622
Expenses
- Grants and similar amounts paid
- $9,491,290
- Compensation of officers, directors and key employees
- $1,933,139
- Other salaries and wages
- $24,585,262
- Salaries, compensation and benefits (total)
- $34,366,383
- Professional fundraising fees
- $495,160
- Legal fees
- $101,140
- Accounting fees
- $72,562
- Occupancy
- $3,104,883
- Travel
- $1,723,801
- Depreciation
- $3,402,899
- Program services (functional)
- $51,255,650
- Management and general (functional)
- $10,783,900
- Fundraising (functional)
- $5,713,015
Balance sheet and other
- Total assets, start of year
- $155,585,962
- Total assets, end of year
- $156,461,744
- Total liabilities, end of year
- $17,088,593
- Net assets, end of year
- $139,373,151
- Land, buildings and equipment
- $77,172,952
- Publicly traded securities
- $41,472,630
- Net assets without donor restrictions
- $80,759,696
- Net assets with donor restrictions
- $58,613,455
- Gross unrelated business income
- $101,308
- Gross receipts
- $75,993,765
- Employees
- 664
- Volunteers
- 46
- Year formed
- 1924
- State of legal domicile
- TX
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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Mark Yarbrough | President Trustee or director, Officer | 40 | $310,060 | $0 | $102,202 |
| Robert Riggs | Sr VP Operations Officer | 40 | $134,186 | $0 | $99,829 |
| Josh Winn | VP Communications and Community Key employee | 40 | $199,248 | $0 | $28,295 |
| George Hillman | VP Education Key employee | 40 | $197,692 | $0 | $23,581 |
| David Tarrant | VP Business & FinanceCFO Officer | 40 | $196,021 | $0 | $24,480 |
| Kim Till | Sr VP Development Key employee | 40 | $201,851 | $0 | $17,952 |
| Michael Ortiz | VP Global Ministries Key employee | 40 | $163,383 | $0 | $22,946 |
| John Dyer | VP Enrollment and Educ Technology Key employee | 40 | $176,950 | $0 | $8,924 |
| Glenn Kreider | Professor Highest-paid employee | 40 | $135,274 | $0 | $42,186 |
| Teri OConnor | Executive Director Advancement Highest-paid employee | 40 | $153,600 | $0 | $22,454 |
| Ben Simpson | Associate Professor New Testament Highest-paid employee | 40 | $101,814 | $0 | $72,629 |
| Scott Talbot | Executive Director DSF Highest-paid employee | 0 | $0 | $157,035 | $15,646 |
| Jason Wiesepape | Director Online Stu Engagement Highest-paid employee | 40 | $105,022 | $0 | $57,534 |
| Mark Bailey | Chancellor former President Former | 40 | $53,026 | $0 | $60,490 |
| Brian Fisher | Regent Chair Trustee or director | 1 | $1,125 | $0 | $0 |
26 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Samuel Chiang | Regent Trustee or director | 1 | $0 |
| Frank Glover Jr | Regent Trustee or director | 1 | $0 |
| Stephen Golding | Trustee Trustee or director | 1 | $0 |
| Kenneth Horton | Regent Trustee or director | 1 | $0 |
| L Randy Howard | Trustee Vice Chair Trustee or director | 1 | $0 |
| Tim Kilpatrick | Trustee Trustee or director | 1 | $0 |
| Karl Kurz | Trustee Trustee or director | 1 | $0 |
| R Laurie Ledbetter | Regent Trustee or director | 1 | $0 |
| Thomas Leppert | Trustee Trustee or director | 1 | $0 |
| Scott Miller | Board member Trustee or director | 0.5 | $0 |
| Robert Murchison | Board Member Trustee or director | 0.5 | $0 |
| Bradley Payne | Regent Trustee or director | 1 | $0 |
| Susan Perlman | Regent Vice Chair Trustee or director | 1 | $0 |
| Carita Chen | Board Member Trustee or director | 0.5 | $0 |
| Imad Shehadeh | Regent Trustee or director | 1 | $0 |
| Cindy Brinker Simmons | Regent Trustee or director | 1 | $0 |
| David Stevens | Board Incorp Mbr ChairRegent Trustee or director | 1 | $0 |
| Grant Switzer | Trustee Trustee or director | 1 | $0 |
| Scott Turpin | Trustee Chair Trustee or director | 1 | $0 |
| Kathy Wills Wright | Board member Trustee or director | 1 | $0 |
| Robert Alpert | Board Inc Mbr Vice ChairTrustee Trustee or director | 1 | $0 |
| J Roderick Clark | Trustee Trustee or director | 1 | $0 |
| Chris Simmons | Board Member Trustee or director | 0.5 | $0 |
| William Stone III | Trustee Trustee or director | 1 | $0 |
| W Stephen Ku | Board Member Trustee or director | 0.5 | $0 |
| Elizabeth Logan | Board Member Trustee or director | 0.5 | $0 |
990 for the year ended June 30, 2024: 40 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Mark Yarbrough | President Trustee or director, Officer | 40 | $301,765 | $101,448 |
| Robert Riggs | Sr VP Operations Officer | 40 | $120,086 | $111,163 |
| George Hillman | VP Education Key employee | 40 | $194,679 | $25,043 |
| Josh Winn | VP Communications and Communi Key employee | 40 | $176,422 | $28,902 |
| Glenn Kreider | Professor Highest-paid employee | 40 | $158,621 | $42,881 |
| Kim Till | Sr VP Development Key employee | 40 | $182,464 | $16,896 |
| Michael Ortiz | VP Global Ministries Key employee | 40 | $159,602 | $22,537 |
| David Tarrant | VP Business & FinanceCFO Officer | 40 | $155,397 | $23,923 |
| Michael Burer | Professor Highest-paid employee | 40 | $125,442 | $53,212 |
| Mike Balbier | Director of External Studies Highest-paid employee | 40 | $149,131 | $27,091 |
| Jason Wiesepape | Director Online Stu Engageme Highest-paid employee | 40 | $102,258 | $55,791 |
| John Dyer | VP Enrollment and Educ Techn Highest-paid employee | 40 | $135,080 | $8,649 |
| Chris Simmons | Board Member Trustee or director | 0.5 | $500 | $0 |
| David Stevens | Board Incorp Mbr ChairRegent Trustee or director | 1 | $0 | $0 |
| Grant Switzer | Trustee Trustee or director | 1 | $0 | $0 |
| Scott Turpin | Trustee Chair Trustee or director | 1 | $0 | $0 |
| D Michael Redden | Trustee retired Fall 2024 Trustee or director | 1 | $0 | $0 |
| Imad Shehadeh | Regent Trustee or director | 1 | $0 | $0 |
| Cindy Brinker Simmons | Regent Trustee or director | 1 | $0 | $0 |
| J Roderick Clark | Trustee Trustee or director | 1 | $0 | $0 |
| Brian Fisher | Regent Chair Trustee or director | 1 | $0 | $0 |
| William Stone III | Trustee Trustee or director | 1 | $0 | $0 |
| George Underwood III | Board member retired Fall 20 Trustee or director | 0.5 | $0 | $0 |
| Kathy Wills Wright | Board member Trustee or director | 0.5 | $0 | $0 |
| Robert Alpert | Board Inc Mbr Vice ChairTrus Trustee or director | 1 | $0 | $0 |
| Roger Poupart | Regent Trustee or director | 1 | $0 | $0 |
| Kenneth Horton | Regent Trustee or director | 1 | $0 | $0 |
| L Randy Howard | Trustee Vice Chair Trustee or director | 1 | $0 | $0 |
| Tim Kilpatrick | Trustee Trustee or director | 1 | $0 | $0 |
| Stephen Golding | Trustee Trustee or director | 1 | $0 | $0 |
| Samuel Chiang | Regent Trustee or director | 1 | $0 | $0 |
| Anthony Evans | Board member retired Fall 20 Trustee or director | 0.5 | $0 | $0 |
| Frank Glover Jr | Regent Trustee or director | 1 | $0 | $0 |
| Robert Murchison | Board Member Trustee or director | 0.5 | $0 | $0 |
| Bradley Payne | Regent Trustee or director | 1 | $0 | $0 |
| Susan Perlman | Regent Vice Chair Trustee or director | 1 | $0 | $0 |
| Scott Miller | Board member Trustee or director | 0.5 | $0 | $0 |
| Karl Kurz | Board member Trustee or director | 0.5 | $0 | $0 |
| R Laurie Ledbetter | Regent Trustee or director | 1 | $0 | $0 |
| Thomas Leppert | Trustee Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3909 SWISS AVE, DALLAS, TX 75204-6411
- In care of
- % DAVID TARRANT
- Principal officer (990 for 2024)
- Mark Yarbrough, 3909 Swiss Ave, Dallas, TX 75204
- Signed the 990
- DAVID TARRANT, Treasurer
- Phone
- (214) 887-5000
- Website
- www.dts.edu
Mission
The mission of Dallas Theological Seminary is to glorify God by equipping godly servant-leaders for the proclamation of His Word and the building up of the body of Christ worldwide.
Program accomplishments
- INSTRUCTION: Dallas Theological Seminary (DTS) offers a variety of graduate academic programs from its main campus in Dallas, TX and its various extension sites. Online courses are also offered. DTS is nondenominational and seeks to serve those of like biblical faith in evangelical protestantism. DTS has over 19,000 alumni serving in over 100 countries. Fall 2024 enrollment consisted of 2,634 students, with 14,877 total class hours taken that term.Expenses $31,278,859 · grants $8,581,346 · revenue $25,640,620
- STUDENT SERVICES: The mission of student services is to ensure that every student has the opportunity to develop as a godly servant-leader through his or her social, cultural, spiritual, physical, and emotional life. We provide advisement, programming, and services to enrich community, family life, personal interaction, social development, cultural awareness, physical development and campus diversity. The admissions department works to recruit and then equip entering students with the resources needed to have a successful graduate-studies experience. The registrar and counseling offices provide advising, counseling and testing services to facilitate personal, family and professional development. The Chaplains office encourages campus community life, worship, and spiritual development through chapel programming. The Dean of Students office provides opportunities for student participation in decision-making and leadership development through student groups.Expenses $8,698,120 · grants $368,594 · revenue $5,709
- ACADEMIC SUPPORT: The library holds over 375,000 items, provides access to electronic resources and has special rare volumes. The media and computer lab allows students to use computer equipment, audio and video media.Expenses $5,772,399 · grants $7,500 · revenue $4,067
- AUXILIARY: Auxiliary enterprises consist of a student bookstore, two student apartment buildings, and a theological journal. Swindoll Tower residence hall has 158 apartments for married students with families and includes a fireside chat room, playroom, and courtyard with a pool. Washington Hall, the single-student apartment building, contains 158 bedrooms in one and two bedroom apartments. Its amenities include a student research library that is an extension of Turpin Library, conference rooms, 2 music practice rooms, 2 media rooms, a multipurpose room/gym, and a pool. Bibliotheca Sacra, a theological quarterly, in continuous publication since 1843, has been published by DTS since 1934.Expenses $4,209,094 · revenue $3,525,847
- PUBLIC SERVICE: Hendricks Center for Christian Leadership and Cultural Engagement pursues the development of effective Christian leadership in order to build leaders of integrity and impact.Expenses $1,297,178 · grants $533,850 · revenue $38,060
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
- 75-0827421
- 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
- 1941
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B500)
- Assets (IRS master file)
- $156,461,744
- Income (IRS master file)
- $75,993,765
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $73,352,068 | $67,752,565 | $156,461,744 | XML |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $67,171,133 | $59,141,334 | $155,585,962 | XML |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $66,702,870 | $52,278,944 | $145,541,414 | IRS |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | 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 75-0827421).
Questions about DALLAS THEOLOGICAL SEMINARY
- What is the EIN of DALLAS THEOLOGICAL SEMINARY?
- The employer identification number (EIN) of DALLAS THEOLOGICAL SEMINARY is 75-0827421.
- Is DALLAS THEOLOGICAL SEMINARY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1941.
- Are donations to DALLAS THEOLOGICAL SEMINARY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DALLAS THEOLOGICAL SEMINARY 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 DALLAS THEOLOGICAL SEMINARY 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 DALLAS THEOLOGICAL SEMINARY 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 DALLAS THEOLOGICAL SEMINARY?
- The 990 for the year ended June 30, 2025 names Mark Yarbrough.
- Who are the officers and directors of DALLAS THEOLOGICAL SEMINARY?
- The 990 for the year ended June 30, 2025 lists 41 people; 14 received compensation from the organization, the highest $310,060 (Mark Yarbrough, President).
- How much revenue does DALLAS THEOLOGICAL SEMINARY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $73,352,068, expenses of $67,752,565 and total assets of $156,461,744 at year end.
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