NonprofitsReformed Theological Seminary

Education

Reformed Theological Seminary

JACKSON, MS

Total revenue

$33.0M

Total expenses

$30.1M

Net assets

$126.6M

Grants received

$15.7M

224 grants

EIN

640428676

Tax year

2023

Mission

To prepare leaders for the church with a mind for truth and a heart for god through a program of graduate theological education.

Financials

FY 2023

Revenue

Contributions & grants$14.2M
Program service revenue$13.8M
Investment income$3.8M
Other revenue$1.2M
Total revenue$33.0M

Expenses

Grants paid$5.8M
Salaries & benefits$14.2M
Fundraising$2.7M
Other expenses$10.1M
Total expenses$30.1M
Total assets$130.8M
Net assets$126.6M

People

32 listed

NameRoleCompensation

J Ligon Duncan III

Chancellor and CEO

Board

$280K

40 hrs/wk

Robert Cara

Provost and Chief Academic Officer

Board

$148K

40 hrs/wk

Jessica Short

CFO

Board

$135K

40 hrs/wk

David Veldkamp

Chief Enrollment Management Officer

Board

$129K

40 hrs/wk

Ricky Rayborn

COO

Board

$109K

40 hrs/wk

Michael Copening

Chief Information Technology Officer

Board

$87K

40 hrs/wk

Richard Doggett

Chief of Staff

Board

$54K

40 hrs/wk

J BYRON JOHNSON

TRUSTEE

Board

1 hrs/wk

J SCOTT REDD SR

TRUSTEE

Board

1 hrs/wk

PAUL HURST III

TRUSTEE

Board

1 hrs/wk

ROBERT T CURTIS

TRUSTEE

Board

1 hrs/wk

LARRY W EDWARDS

TREASURER

Board

1 hrs/wk

T DAVID ELKIN

TRUSTEE

Board

1 hrs/wk

V HU MEENA

TRUSTEE

Board

1 hrs/wk

WARREN J WILLIAMSON JR

TRUSTEE

Board

1 hrs/wk

SCOTT MCLELLAN

TRUSTEE

Board

1 hrs/wk

RICHARD L RIDGWAY

CHAIRMAN

Board

1 hrs/wk

RODERICK S RUSS III

SECRETARY

Board

1 hrs/wk

WILLIAM M MOUNGER II

VICE CHAIRMAN

Board

1 hrs/wk

BENJAMIN W ROBERSON

TRUSTEE

Board

1 hrs/wk

BF BRACY

TRUSTEE

Board

1 hrs/wk

CHARLES L IRBY SR

TRUSTEE

Board

1 hrs/wk

COLLIE W LEHN

TRUSTEE

Board

1 hrs/wk

CRAIG C ROHDE

TRUSTEE

Board

1 hrs/wk

DAVID H LUCAS

TRUSTEE

Board

1 hrs/wk

GEORGE R FAIR

TRUSTEE

Board

1 hrs/wk

HUGH M COMER

TRUSTEE

Board

1 hrs/wk

James Harvey

Executive Director, NYC Campus

Staff

$156K

40 hrs/wk

J SCOTT Redd JR

President, Washington DC Campus

Staff

$147K

40 hrs/wk

Scott Swain

President, Orlando Campus

Staff

$126K

40 hrs/wk

Mark McDowell

Executive Director, Dallas and Houston Campus

Staff

$125K

40 hrs/wk

MICHAEL KRUGER

PRESIDENT, CHAROLOTTE CAMPUS

Staff

$123K

40 hrs/wk

Independent contractors

Rogue Carolina Roofing LLC

roof repair and installation

$151K

FORVIS MAZARS LLP

AUDIT & TAX SVCS

$131K

JSC Systems Inc

security services

$118K

Prime Buchholz LLC

investment firm

$103K

Grants received

Showing 200 of 224

FromAmountPurposeYear
$1.1M
Tuition
2024
$976K
COLLEGES AND UNIVERSITIES
2024
$208K
EDUCATIONAL
2024
$34K
GENERAL OPER SUPPORT
2024
$25K
CHARITABLE GIFT
2024
$22K
FOR RECIPIENT'S EXEMPT PURPOSE
2024
$20K
COMMUNITY SUPPORT
2024
$13K
UNRESTRICTED CHARITABLE GIFT
2024
$10K
GENERAL OPERATIONS
2024
$10K
GENERAL SUPPORT
2024
$10K
SUPPORT OF CHARITABLE OPERATIONS
2024
$10K
2025 SCHOLARSHIP FUND
2024
$10K
Scholarships - B. McGlothin
2024
$7K
ORGANIZATIONAL SUPPORT
2024
$5K
GENERAL OPERATIONS
2024
$1K
Scholarships
2024
$1K
GENERAL FUND
2024
$1K
CHARITABLE/general support
2024
$500
SUPPORT OF CHARITBLE OPERATIONS
2024
$466K
For grant recipient's exempt purposes
2023
$342K
General support
2023
$85K
GENERAL SUPPORT
2023
$75K
General support for programs, operations and other charitable purposes
2023
$75K
EDUCATE FUTURE PASTORS, CHURCH PLANTERS, MISSIONARIES, TEACHERS, COUNSELORS, AND EDUCATORS WHO WILL GO OUT AND PROCLAIM THE GOSPEL AND DISCIPLE THE NATIONS
2023
$56K
RELIGIOUS & EDUCATION
2023
$41K
Scholarships
2023
$41K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$35K
GENERAL SUPPORT
2023
$25K
CHARITABLE GIFT
2023
$24K
RELIGIOUS MINISTRY
2023
$20K
TO SUPPORT THE GENERAL SCHOLARSHIP FUND
2023
$20K
COMMUNITY SUPPORT
2023
$15K
SCHOLARSHIP
2023
$10K
GENERAL OPERATING PURPOSE
2023
$10K
To support the purposes of the seminary.
2023
$10K
GENERAL OPERATIONS
2023
$10K
GENERAL OPERATING
2023
$10K
SUPPORT OF CHARITABLE OPERATIONS
2023
$10K
ABODOU HANNA
2023
$8K
GENERAL OPER SUPPORT
2023
$8K
GEN/OPER SUPPORT
2023
$6K
Church planting development / Leadership development
2023
$5K
Scholarships - B. McGlothin
2023
$3K
TO SUPPORT THE RELIGIOUS COMMUNITY
2023
$3K
GENERAL OPERATIONS
2023
$2K
Charitable
2023
$2K
THEOLOGICAL/DIVINITY STUDIES SCHOLARSHIPS
2023
$1K
CHARITABLE/general support
2023
$1K
GENERAL FUND
2023
$1K
Christian ministries
2023
$749
UNRESTRICTED
2023
$500
SUPPORT OF CHARITBLE OPERATIONS
2023
$200
MATCHING GIFTS
2023
$282K
For grant recipient's exempt purposes
2022
$150K
GENERAL SUPPORT
2022
$75K
EDUCATION CHALLENGING STUDENTS INTELLECTUALLY AND PRODUCES SERVANTS OF GODLY CHARACTER
2022
$67K
GENERAL SUPPORT
2022
$50K
GENERAL OPER SUPPORT
2022
$40K
RELIGIOUS AND EDUCATION
2022
$36K
Scholarships
2022
$30K
CHARITABLE GIFT
2022
$30K
FOR RECIPIENT'S EXEMPT PURPOSE
2022
$20K
TO SUPPORT THE GENERAL SCHOLARSHIP FUND
2022
$20K
COMMUNITY SUPPORT
2022
$20K
GENERAL SUPPORT
2022
$15K
SCHOLARSHIP
2022
$15K
$10k General Support; $5k support RTC DC
2022
$11K
GENERAL OPERATIONS
2022
$10K
SUPPORT OF CHARITABLE OPERATIONS
2022
$10K
To support the purposes of the seminary.
2022
$10K
PROGRAM SUPPORT - EDUCATION
2022
$10K
GENERAL OPERATING
2022
$9K
Student scholarships
2022
$5K
To support the mission of the organization.
2022
$5K
TO PROVIDE FUNDS FOR RELIGIOUS EDUCATION
2022
$1K
Christian ministries
2022
$1K
GENERAL OPERATIONS
2022
$1K
GENERAL FUND
2022
$500
SUPPORT OF CHARITBLE OPERATIONS
2022
$100
CHARITABLE CONTRIBUTION
2022
$392K
For grant recipient's exempt purposes
2021
$392K
For grant recipient's exempt purposes
2021
$167K
For recipient's exempt purpose
2021
$150K
Religious
2021
$75K
Church Planting Development/Leadership Development
2021
$60K
Support for RTS-Houston
2021
$60K
Support for RTS-Houston
2021
$51K
RELIGIOUS MINISTRY
2021
$50K
PATHWAYS FOR TOMORROW INITIATIVE
2021
$46K
Scholarships
2021
$40K
RELIGIOUS AND EDUCATION
2021
$20K
TO SUPPORT THE 2021 STUDENT SCHOLARSHIP GRANT
2021
$20K
GENERAL SUPPORT
2021
$17K
Student scholarships
2021
$10K
GENERAL SUPPORT
2021
$10K
GENERAL OPERATIONS
2021
$10K
SUPPORT OF CHARITABLE OPERATIONS
2021
$10K
To support the purposes of the seminary.
2021
$6K
Tuition Assistance for Student
2021
$5K
TO PROVIDE FUNDS FOR RELIGIOUS EDUCATION
2021
$5K
GENERAL OPERATING
2021
$1K
Christian Ministries
2021
$1K
GENERAL FUND
2021
$500
SUPPORT OF CHARITBLE OPERATIONS
2021
$276K
For grant recipient's exempt purposes
2020
$150K
GENERAL SUPPORT
2020
$134K
Leadership Development
2020
$123K
2020 GRANT
2020
$87K
GENERAL OPER SUPPORT
2020
$74K
GEN OP/SCHOLARSHIPS
2020
$50K
FOR BUILDING ORGANIZATIONAL CAPACITY.
2020
$50K
HELP ORGANIZATION FULFILL PURPOSE
2020
$45K
CHARITABLE GIFT
2020
$41K
Scholarships
2020
$39K
RELIGIOUS & EDUCATION
2020
$20K
The Edmiston Center
2020
$20K
COMMUNITY SUPPORT
2020
$20K
FOR THE 2020 STUDENT SCHOLARSHIP GRANT
2020
$20K
GENERAL SUPPORT
2020
$17K
FOR RECIPIENT'S EXEMPT PURPOSE
2020
$14K
CHARITABLE PURPOSES
2020
$11K
GENERAL USE AND/OR SPECIAL FUND/PROJECT
2020
$10K
To support the purposes of the seminary.
2020
$10K
GENERAL OPERATIONS
2020
$10K
SUPPORT OF CHARITABLE OPERATIONS
2020
$8K
General support
2020
$7K
Providing tuition assistance for Joshua Valdez. Joshua is in an M-Div degree program and will start his second year in August.
2020
$5K
TO PROVIDE FUNDS FOR RELIGIOUS EDUCATION
2020
$4K
IN FURTHERANCE OF FOUNDATION'S PURPOSES
2020
$1K
GENERAL FUND
2020
$1K
Christian ministry
2020
$500
SUPPORT OF CHARITBLE OPERATIONS
2020
$200
CONTRIBUTION - MEMORIAL
2020
$592K
For grant recipient's exempt purposes
2019
$115K
Leadership Development
2019
$105K
EDUCATION
2019
$90K
GENERAL OPERATIONS/SCHOLARSHIPS
2019
$75K
COLLEGES AND UNIVERSITIES
2019
$9K
GENERAL USE AND/OR SPECIAL FUND/PROJECT
2019
$5K
TO PROVIDE FUNDS FOR RELIGIOUS EDUCATION
2019
$353K
For grant recipient's exempt purposes
2018
$125K
EDUCATION
2018
$100K
RELIGIOUS
2018

Funded by

$15.7M from 79 funders · 224 grants · 2017–2024

Fidelity Investments Charitable Gift Fund

$3.7M · 8 grants · 2017–2023

Natl Christian Charitable Fdn Inc

$2.6M · 5 grants · 2020–2024

NewCity Foundation

$1.1M · 1 grant · 2024

RTS Foundation Inc

$695K · 7 grants · 2017–2023

Donor Advised Charitable Giving Inc

$599K · 8 grants · 2017–2023

Samuel E And Mary W Thatcher

$385K · 3 grants · 2020–2023

Redeemer City To City

$329K · 4 grants · 2019–2023

Details

EIN640428676
NTEE codeB500
Subsection03
Ruling date1964-12
Formed1964
Employees366
Volunteers20
REFORMED THEOLOGICAL SEMINARY — Mission, Financials & Grants Received | Grantivo