Wesley Biblical Seminary

Tax-deductible

Ridgeland, MS501(c)(3)Since 1975Colleges & UniversitiesEIN 64-0579585Revenue $3.8M in FY2025

On file with the IRSwbs.eduPo Box 600, 39158-0600 · Ridgeland, MSTax-exempt since Oct 1976School — 170(b)(1)(A)(ii)

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Wesley Biblical Seminary is a multi-denominational school of theology that provides undergraduate, graduate and doctorate level education for individuals who are preparing for christian service.

501(c)(3) charity; gifts are tax-deductible.
60¢ of each $1 spent went to programs.
$127K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 4
filings with a surplus
Average surplus $890K a year · 25% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
60%
of spending
Worth a look: 60% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$127K
to officers and key staff · 5% of spending
Top officer’s pay higher than 51% of similar orgs
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
9 mo
of spending, in cash
Looks good: 8.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
11
named funders · $509K
Looks good: 11 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$165K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
20
of 20 voting members
Looks good: 20 of 20 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.8M
+10% vs prior year
Spent
$2.7M
To programs
60%
Net assets
$8.8M
By yearFY2021–FY2025
Revenue
$3.8M
FY2025▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2021$3.0M
FY2023$4.2M
FY2024$3.4M
FY2025$3.8M
Expenses
$2.7M
FY2025-0.4%
Tap a bar for its year
Expenses by fiscal year
FY2021$2.7M
FY2023$2.7M
FY2024$2.7M
FY2025$2.7M
Net assets
$8.8M
FY2025▲ +17%
Tap a bar for its year
Net assets by fiscal year
FY2021$4.7M
FY2023$6.5M
FY2024$7.5M
FY2025$8.8M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1976.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

60 cents of each dollar spent went to programs.

Program services 60% · $1.6M Management & general 33% · $906K Fundraising 6% · $171K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

21 people listed on the 990; $127K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$126,909Pt VII · Sec A
Board Chairm
$0Pt VII · Sec A
Board Vice C
$0Pt VII · Sec A
Board Treasu
$0Pt VII · Sec A
Board Secret
$0Pt VII · Sec A
Bd of Truste
$0Pt VII · Sec A
Bd of Truste
$0Pt VII · Sec A
Bd of Truste
$0Pt VII · Sec A

Dr Andy Miller III’s $127K as President is at the 51st percentile of top reported officer pay among 3395 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2021
Dr Matt Ayars—$128,726$123,197$82,250
Dr Andy Miller III$126,909———
Dr Matt Friedeman—$81,735——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Wesley Biblical Seminary executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides graduate-level theological education to students.

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Provided by the organization

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3 programs · $1.6M · in their own filed words · FY2024
01

Undergraduate, graduate and doctorate level education provided for individuals who are preparing for christian service.

$1.4Mprogram expense
02

Student services consisting of admissions, registrar activities, and activities whose primary purpose is to contribute to students' well-being and development outside the context of the formal instructional program.

$206Kprogram expense
03

Auxiliary enterprises consist of essentially self-supporting operations that exist to provide services to students, faculty or staff, and that charge a fee that is related to the cost of the service.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 11 funders →
Grants paid · 1 grant · $15K · 2020–2020
Unitemized GrantFY2020$15,250

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$3.8M
Ln 12
Fees for servicesLn 2g$1.9M
Gifts and grantsLn 1h$1.5M
Investment incomeLn 3$335K
Money outPt IX
$2.7M
Ln 25
Programscol B$1.6M
Managementcol C$906K
Fundraisingcol D$171K
Owns and owesPt X
$8.8M
net assets · Ln 32
Cash and savingsLn 1–2$2.0M
Total assetsLn 16$9.0M
LiabilitiesLn 26$165K
PeoplePt VI, VII
21
listed · VII A
PaidVII A1
Voting boardVI 1a20
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.5M
Noncash giftsLn 1g$11K
Fees for servicesLn 2g$1.9M
Investment incomeLn 3$335K
Other incomeLn 4–11$21K
Gains on assetsLn 7$154K
Total revenueLn 12$3.8M
Assets in detailPt X, end of year
CashLn 1$815K
SavingsLn 2$1.2M
Cash and savings togetherLn 1–2$2.0M
InvestmentsLn 11–13$5.6M
Land, buildings, equipmentLn 10c$697K
Other assetsLn 15$3K
Total assetsLn 16$9.0M
LiabilitiesLn 26$165K
Net assetsLn 32$8.8M
OperationsPt I, VI
EmployeesI 535
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$1.6M$2.0M
InvestmentsLn 11–13$3.8M$5.6M
Land, buildings, equipmentLn 10c$746K$697K
Total assetsLn 16$7.7M$9.0M
LiabilitiesLn 26$122K$165K
Net assetsLn 32$7.5M$8.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$623K$623K
Pay of current officers, directors and key staffLn 5$146K$146K
Other salaries and wagesLn 7$1.2M$825K$247K$84K
Pension plan contributionsLn 8$27K$17K$8K$2K
Other employee benefitsLn 9$2K$2K
Payroll taxesLn 10$54K$34K$16K$4K
Accounting feesLn 11c$31K$31K
Investment management feesLn 11f$33K$33K
Other fees for servicesLn 11g$110K$35K$75K
Advertising and promotionLn 12$29K$23K$6K
Office expensesLn 13$78K$5K$44K$28K
Information technologyLn 14$101K$101K
OccupancyLn 16$32K$9K$17K$5K
TravelLn 17$77K$29K$29K$20K
Conferences, conventions and meetingsLn 19$46K$23K$10K$13K
Depreciation, depletion and amortizationLn 22$52K$16K$29K$8K
InsuranceLn 23$22K$5K$16K$2K
Other expenses (24a–d)Ln 24$98K$98K
All other expensesLn 24e$9K$6K$4K
Total functional expensesLn 25$2.7M$1.6M$906K$171K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $3.8M$2.7M$1.0M$8.8M 990 PDF
FY2024 $3.4M$2.7M$673K$7.5M 990 PDF
FY2023 $4.2M$2.7M$1.6M$6.5M 990 PDF
FY2022 Not on file
FY2021 $3.0M$2.7M$292K$4.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $3,763,131 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,770,932$1,513,710
I-9 Program service revenuePrior year $1,561,159$1,893,781
I-10 Investment incomePrior year $55,540$334,640
I-11 Other revenuePrior year $21,929$21,000
I-12 Total revenuePrior year $3,409,560$3,763,131
I-13 Grants and similar amounts paidPrior year $535,112$622,846
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,567,437$1,384,708
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $634,200$719,339
I-18 Total expensesPrior year $2,736,749$2,726,893
I-19 Revenue less expensesPrior year $672,811$1,036,238
Part VI · Governance 20 of 20 board members independent, 2 to look at
VI-1a Voting members of the governing body20
VI-1b Independent voting members20
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,763,131 across 8 lines filed
VIII-1f All other contributions, gifts and grants$1,513,710
VIII-1g Noncash contributions (included above)$11,022
VIII-1h Total contributions, gifts and grants$1,513,710
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,893,781$1,893,781
VIII-3 Investment incomeExcluded from tax $181,005$181,005
VIII-6 Net rental income or lossExcluded from tax $21,000$21,000
VIII-7 Net gain or loss on sales of assetsExcluded from tax $153,635$153,635
VIII-12 Total revenueRelated to mission $1,893,781 · Excluded from tax $355,640$3,763,131
Part IX · Statement of functional expenses $2,726,893 across 19 lines filed
IX-2 Grants to domestic individualsPrograms $622,846$622,846
IX-5 Pay of current officers, directors and key staffManagement $145,704$145,704
IX-7 Other salaries and wagesPrograms $824,665 · Management $246,575 · Fundraising $84,292$1,155,532
IX-8 Pension plan contributionsPrograms $17,302 · Management $8,230 · Fundraising $1,769$27,301
IX-9 Other employee benefitsManagement $1,950$1,950
IX-10 Payroll taxesPrograms $34,360 · Management $16,348 · Fundraising $3,513$54,221
IX-11c Accounting feesManagement $31,300$31,300
IX-11f Investment management feesManagement $33,316$33,316
IX-11g Other fees for servicesPrograms $34,701 · Management $74,845$109,546
IX-12 Advertising and promotionPrograms $23,349 · Fundraising $5,723$29,072
IX-13 Office expensesPrograms $5,098 · Management $44,453 · Fundraising $28,361$77,912
IX-14 Information technologyManagement $100,897$100,897
IX-16 OccupancyPrograms $9,490 · Management $17,396 · Fundraising $4,745$31,631
IX-17 TravelPrograms $28,837 · Management $28,833 · Fundraising $19,763$77,433
IX-19 Conferences, conventions and meetingsPrograms $23,054 · Management $9,974 · Fundraising $13,104$46,132
IX-22 Depreciation, depletion and amortizationPrograms $15,578 · Management $28,560 · Fundraising $7,790$51,928
IX-23 InsurancePrograms $4,570 · Management $15,702 · Fundraising $2,098$22,370
IX-24 Other expenses (24a–d)Management $98,447$98,447
IX-24e All other expensesPrograms $5,726 · Management $3,629$9,355
IX-25 Total functional expensesPrograms $1,649,576 · Management $906,159 · Fundraising $171,158$2,726,893
Part X · Balance sheet $9,013,626 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $563,865$814,567
X-2 Savings and temporary cash investmentsStart of year $1,008,177$1,156,649
X-3 Pledges and grants receivableStart of year $1,442,959$583,119
X-4 Accounts receivableStart of year $107,214$142,390
X-9 Prepaid expenses and deferred chargesStart of year $6,973$7,345
X-10c Land, buildings and equipment, netStart of year $745,766$697,107
X-11 Publicly traded securitiesStart of year $3,786,479$5,609,930
X-15 Other assetsStart of year $2,519$2,519
X-16 Total assetsStart of year $7,663,952$9,013,626
X-17 Accounts payable and accrued expensesStart of year $39,367$79,359
X-19 Deferred revenueStart of year $79,809$82,570
X-25 Other liabilitiesStart of year $3,001$2,767
X-26 Total liabilitiesStart of year $122,177$164,696
X-27 Net assets without donor restrictionsStart of year $1,932,555$2,300,713
X-28 Net assets with donor restrictionsStart of year $5,609,220$6,548,217
X-32 Total net assets or fund balancesStart of year $7,541,775$8,848,930
X-33 Total liabilities and net assetsStart of year $7,663,952$9,013,626
Part XI · Reconciliation of net assets $8,848,930 net assets at year end
XI-1 Total revenue$3,763,131
XI-2 Total expenses$2,726,893
XI-3 Revenue less expenses$1,036,238
XI-4 Net assets at start of year$7,541,775
XI-5 Net unrealized gains (losses) on investments$270,917
XI-10 Net assets at end of year$8,848,930

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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