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.

501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
Run by 48 volunteers and 600 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
5 of 5
filings with a surplus
Average surplus $7.7M a year · 13% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.1M
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Plus $51.3M in investments, Pt X · Ln 11–13
Fine: 2.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
10
named funders · $222K
Looks good: 10 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$17.1M
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
27
of 28 voting members
Looks good: 27 of 28 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$73.4M
+9% vs prior year
Spent
$67.8M
To programs
76%
Net assets
$139.4M
By yearFY2020–FY2025
Revenue
$73.4M
FY2025▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2020$52.6M
FY2021$46.9M
FY2023$66.7M
FY2024$67.2M
FY2025$73.4M
Expenses
$67.8M
FY2025▲ +15%
Tap a bar for its year
Expenses by fiscal year
FY2020$45.0M
FY2021$44.2M
FY2023$52.3M
FY2024$59.1M
FY2025$67.8M
Net assets
$139.4M
FY2025▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2020$77.2M
FY2021$94.2M
FY2023$118.6M
FY2024$132.0M
FY2025$139.4M

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 Nov 1941.

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

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $51.3M Management & general 16% · $10.8M Fundraising 8% · $5.7M

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

41 people listed on the 990; $2.1M 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
$310,060Pt VII · Sec A
SR VP Development
$201,851Pt VII · Sec A
VP Communications and Community
$199,248Pt VII · Sec A
VP Education
$197,692Pt VII · Sec A
VP Business & Financecfo
$196,021Pt VII · Sec A
VP Enrollment and Educ Technology
$176,950Pt VII · Sec A
VP Global Ministries
$163,383Pt VII · Sec A
Executive Director Advancement
$153,600Pt VII · Sec A

Mark Yarbrough’s $310K as President is at the 67th percentile of top reported officer pay among 3683 $10–100M 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 · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2021FY2020
Mark Bailey$53,026——$506,517$178,015
Mark Yarbrough$310,060$301,765$256,505$199,951$193,244
Kim Till$201,851$182,464$178,205$148,788$148,218
Josh Winn$199,248$176,422$171,621——
George Hillman$197,692$194,679$193,085——
David Tarrant$196,021$155,397$150,555——
John Dyer$176,950$135,080———
Dale Larson———$166,721$168,034

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 Dallas Theological 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

Equips godly servant-leaders worldwide through theological education, academic support, and library resources to proclaim God's Word and build up the Christian church.

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Provided by the organization

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3 programs · $45.7M · in their own filed words · FY2024
01

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.

$31.3Mprogram expense
02

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.

$8.7Mprogram expense
03

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.

$5.8Mprogram expense

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 · FY2025
See all 10 funders →
Grants paid · 27 grants · $29.8M · 2019–2024
Unitemized GrantFY2024$6,989,738
Unitemized GrantFY2024$307,607
Dallas Seminary FoundationTX · FY2024$140,000
Chosen People Ministries INCNY · FY2024$37,500
Inspire WomenTX · FY2024$10,000
Unitemized GrantFY2023$5,883,359
Unitemized GrantFY2023$145,436
Chosen People Ministries INCNY · FY2023$27,500
Inspire WomenTX · FY2023$20,000
Peace InternationalOR · FY2023$7,622
WorldventureCO · FY2023$7,145
Unitemized GrantFY2022$5,705,003
Unitemized GrantFY2022$242,082
Illuminations Foundation INCGA · FY2022$60,000
See all 27 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$73.4M
Ln 12
Gifts and grantsLn 1h$42.2M
Fees for servicesLn 2g$29.0M
Investment incomeLn 3$2.5M
Money outPt IX
$67.8M
Ln 25
Programscol B$51.3M
Managementcol C$10.8M
Fundraisingcol D$5.7M
Owns and owesPt X
$139.4M
net assets · Ln 32
Cash and savingsLn 1–2$13.1M
Total assetsLn 16$156.5M
LiabilitiesLn 26$17.1M
PeoplePt VI, VII
41
listed · VII A
PaidVII A14
Voting boardVI 1a28
IndependentVI 1b27
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$42.2M
Fundraising eventsLn 1c$8.9M
Fees for servicesLn 2g$29.0M
Investment incomeLn 3$2.5M
Gains on assetsLn 7$733K
Total revenueLn 12$73.4M
Assets in detailPt X, end of year
CashLn 1$9K
SavingsLn 2$13.0M
Cash and savings togetherLn 1–2$13.1M
InvestmentsLn 11–13$51.3M
Land, buildings, equipmentLn 10c$77.2M
Other assetsLn 15$2.4M
Total assetsLn 16$156.5M
LiabilitiesLn 26$17.1M
Net assetsLn 32$139.4M
OperationsPt I, VI
EmployeesI 5600
VolunteersI 648
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$20.1M$13.1M
InvestmentsLn 11–13$45.7M$51.3M
Land, buildings, equipmentLn 10c$76.7M$77.2M
Total assetsLn 16$155.6M$156.5M
LiabilitiesLn 26$23.6M$17.1M
Net assetsLn 32$132.0M$139.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$216K$216K
Grants to domestic individualsLn 2$7.3M$7.3M
Grants and assistance to foreign recipientsLn 3$1.9M$1.9M
Pay of current officers, directors and key staffLn 5$1.9M$621K$937K$375K
Pay of disqualified personsLn 6$120K$6K$113K
Other salaries and wagesLn 7$24.6M$19.7M$3.5M$1.5M
Pension plan contributionsLn 8$2.0M$1.4M$507K$161K
Other employee benefitsLn 9$4.3M$2.6M$1.5M$154K
Payroll taxesLn 10$1.4M$1.1M$257K$110K
Legal feesLn 11b$101K$1K$98K$2K
Accounting feesLn 11c$73K$73K
Professional fundraising feesLn 11e$495K$495K
Investment management feesLn 11f$38K$38K
Other fees for servicesLn 11g$5.4M$4.9M$476K
Advertising and promotionLn 12$720K$291K$9K$419K
Office expensesLn 13$1.5M$429K$432K$590K
Information technologyLn 14$2.4M$1.8M$361K$214K
OccupancyLn 16$3.1M$2.6M$350K$109K
TravelLn 17$1.7M$1.1M$321K$285K
Conferences, conventions and meetingsLn 19$1.9M$980K$326K$612K
Depreciation, depletion and amortizationLn 22$3.4M$2.9M$485K$39K
InsuranceLn 23$440K$308K$88K$44K
Other expenses (24a–d)Ln 24$1.8M$993K$217K$615K
All other expensesLn 24e$805K$79K$711K$15K
Total functional expensesLn 25$67.8M$51.3M$10.8M$5.7M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $73.4M$67.8M$5.6M$139.4M 990 PDF
FY2024 $67.2M$59.1M$8.0M$132.0M 990 PDF
FY2023 $66.7M$52.3M$14.4M$118.6M 990 PDF
FY2022 Not on file
FY2021 $46.9M$44.2M$2.7M$94.2M 990 PDF
FY2020 $52.6M$45.0M$7.7M$77.2M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $73,352,068 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $37,066,805$42,195,125
I-9 Program service revenuePrior year $28,037,916$28,993,632
I-10 Investment incomePrior year $1,484,395$2,536,933
I-11 Other revenuePrior year $582,017−$373,622
I-12 Total revenuePrior year $67,171,133$73,352,068
I-13 Grants and similar amounts paidPrior year $7,703,534$9,491,290
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $31,327,654$34,366,383
I-16a Professional fundraising feesPrior year $492,604$495,160
I-17 Other expensesPrior year $19,617,542$23,399,732
I-18 Total expensesPrior year $59,141,334$67,752,565
I-19 Revenue less expensesPrior year $8,029,799$5,599,503
Part VI · Governance 27 of 28 board members independent, no flags
VI-1a Voting members of the governing body28
VI-1b Independent voting members27
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $73,352,068 across 12 lines filed
Lines not itemized here account for $268,066 of total revenue; see the IRS return.
VIII-1c Fundraising events$8,879,792
VIII-1d Related organizations$6,126,000
VIII-1f All other contributions, gifts and grants$27,189,333
VIII-1h Total contributions, gifts and grants$42,195,125
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $28,946,237$28,946,237
VIII-3 Investment incomeUnrelated business $99,003 · Excluded from tax $1,705,142$1,804,145
VIII-5 RoyaltiesUnrelated business $928 · Excluded from tax $110,458$111,386
VIII-6 Net rental income or lossExcluded from tax $32,200$32,200
VIII-7 Net gain or loss on sales of assetsExcluded from tax $732,788$732,788
VIII-8 Net income from fundraising eventsExcluded from tax −$1,161,614−$1,161,614
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $1,377 · Excluded from tax $422,358$423,735
VIII-12 Total revenueRelated to mission $29,214,303 · Unrelated business $101,308 · Excluded from tax $1,841,332$73,352,068
Part IX · Statement of functional expenses $67,752,565 across 24 lines filed
IX-1 Grants to domestic organizationsPrograms $215,850$215,850
IX-2 Grants to domestic individualsPrograms $7,344,232$7,344,232
IX-3 Grants and assistance to foreign recipientsPrograms $1,931,208$1,931,208
IX-5 Pay of current officers, directors and key staffPrograms $620,812 · Management $937,263 · Fundraising $375,064$1,933,139
IX-6 Pay of disqualified personsPrograms $6,420 · Management $113,285$119,705
IX-7 Other salaries and wagesPrograms $19,653,508 · Management $3,457,434 · Fundraising $1,474,320$24,585,262
IX-8 Pension plan contributionsPrograms $1,356,009 · Management $507,293 · Fundraising $161,259$2,024,561
IX-9 Other employee benefitsPrograms $2,598,270 · Management $1,525,373 · Fundraising $153,668$4,277,311
IX-10 Payroll taxesPrograms $1,059,090 · Management $257,378 · Fundraising $109,937$1,426,405
IX-11b Legal feesPrograms $1,313 · Management $98,077 · Fundraising $1,750$101,140
IX-11c Accounting feesManagement $72,562$72,562
IX-11e Professional fundraising feesFundraising $495,160$495,160
IX-11f Investment management feesManagement $38,380$38,380
IX-11g Other fees for servicesPrograms $4,897,632 · Management $475,996$5,373,628
IX-12 Advertising and promotionPrograms $291,393 · Management $9,389 · Fundraising $419,133$719,915
IX-13 Office expensesPrograms $429,375 · Management $432,002 · Fundraising $589,687$1,451,064
IX-14 Information technologyPrograms $1,848,747 · Management $361,183 · Fundraising $214,493$2,424,423
IX-16 OccupancyPrograms $2,645,656 · Management $350,048 · Fundraising $109,179$3,104,883
IX-17 TravelPrograms $1,118,057 · Management $320,965 · Fundraising $284,779$1,723,801
IX-19 Conferences, conventions and meetingsPrograms $979,734 · Management $326,418 · Fundraising $611,506$1,917,658
IX-22 Depreciation, depletion and amortizationPrograms $2,878,477 · Management $485,073 · Fundraising $39,349$3,402,899
IX-23 InsurancePrograms $308,170 · Management $88,023 · Fundraising $44,011$440,204
IX-24 Other expenses (24a–d)Programs $992,565 · Management $216,728 · Fundraising $614,762$1,824,055
IX-24e All other expensesPrograms $79,132 · Management $711,030 · Fundraising $14,958$805,120
IX-25 Total functional expensesPrograms $51,255,650 · Management $10,783,900 · Fundraising $5,713,015$67,752,565
Part X · Balance sheet $156,461,744 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $10,299$8,508
X-2 Savings and temporary cash investmentsStart of year $20,127,471$13,045,845
X-3 Pledges and grants receivableStart of year $200,519$3,506,971
X-4 Accounts receivableStart of year $2,073,599$1,383,325
X-8 Inventories for sale or useStart of year $6,340,629$5,853,300
X-9 Prepaid expenses and deferred chargesStart of year $1,608,252$1,855,855
X-10c Land, buildings and equipment, netStart of year $76,660,235$77,172,952
X-11 Publicly traded securitiesStart of year $39,165,197$41,472,630
X-12 Other securitiesStart of year $6,568,069$9,789,824
X-15 Other assetsStart of year $2,831,692$2,372,534
X-16 Total assetsStart of year $155,585,962$156,461,744
X-17 Accounts payable and accrued expensesStart of year $6,891,574$2,987,335
X-19 Deferred revenueStart of year $3,977,970$3,228,311
X-25 Other liabilitiesStart of year $5,939,025$5,181,675
X-26 Total liabilitiesStart of year $23,622,047$17,088,593
X-27 Net assets without donor restrictionsStart of year $76,346,230$80,759,696
X-28 Net assets with donor restrictionsStart of year $55,617,685$58,613,455
X-32 Total net assets or fund balancesStart of year $131,963,915$139,373,151
X-33 Total liabilities and net assetsStart of year $155,585,962$156,461,744
Part XI · Reconciliation of net assets $139,373,151 net assets at year end
XI-1 Total revenue$73,352,068
XI-2 Total expenses$67,752,565
XI-3 Revenue less expenses$5,599,503
XI-4 Net assets at start of year$131,963,915
XI-5 Net unrealized gains (losses) on investments$2,138,248
XI-9 Other changes in net assets−$328,515
XI-10 Net assets at end of year$139,373,151

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

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