2024-05-15T07:40:44+00:00 2023-06-30 363990892 Capin Crouse LLP 1330 Avenue of the Americas Suite 2 3A New York NY 10019 990 2022-07-01 231352689 Westminster Theological Seminary WEST 2158875511 2960 W Church Road Glenside PA 19038 Peter A Lillback President 2158875511 2024-05-15 true Chun Lai 999009999 true Daren Daiga P01074795 5055022746 2022 2023-04-26 12:10:37Z Peter A Lillback 2960 W Church Road Glenside PA 19038 33795877 false X www.wts.edu X 1930 PA To form Christian leaders to proclaim the whole counsel of God throughout a changing world. 14 14 254 23 0 0 18039643 12492680 14868480 15441675 756369 2423278 64075 82138 33728567 30439771 3794022 3727539 0 0 11772897 11681692 0 0 3021940 11310456 11307946 26877375 26717177 6851192 3722594 54431420 62146749 4370029 7480679 50061391 54666070 X The formation of men for the gospel ministry as pastors, evangelists, & teachers who shall proclaim the whole counsel of God throughout a changing world. The theological training of church officers as stewards of Christ, and the communication of biblical studies. false false 9692444 3727539 5854799 Postgraduate Academic Programs Westminster exists to train specialists in the Bible to proclaim the whole counsel of God for Christ and his global church. It is our intention to contribute to the training and spiritual formation of all of our students in the various degree programs. We currently offer programs leading to the Master of Divinity (MDiv), Master of Arts in Religion (MAR), Master of Arts in Counseling (MAC), Master of Arts in Theological Studies (MATS), Master of Theology (ThM), Doctor of Ministry (DMin), Doctor of Philosophy (PhD), and a Certificate in Christian Studies (Cert). Fall 2022 enrollment was 986 students with 278 in the Residential Program, 565 in Online Learning, 137 in the Korean Campus, and 6 Visiting students. With respect to Spring 2023, enrollment was 1,029 with 262 in the Residential Program, 598 in Online Learning, 157 in the Korean Campus and 12 Visiting Students. Residential Programs: Fall 2022 - 140 in MDiv, 19 in MAR, 29 in ThM, 44 in PhD, 46 in DMin; Spring 2023 - 129 in MDiv, 18 in MAR, 26 in ThM, 46 in PhD, 43 in DMin. 5323257 0 5119641 Online Learning Online Learning provides multiple degree programs online to train leaders in ministry anywhere in the world in their local ministry contexts. In addition to Master of Arts in Counseling and a Master of Arts in Theological Studies, we have started offering the Master of Divinity (MDiv) and Master of Arts in Religion (MAR) online. In Fall 2022, we had 143 students in the MATS program, 276 in MAC, 43 in MAR, 82 in the MDiv, and 21 Certificate students. In Spring 2023, 163 in MATS, 292 in MAC, 39 in MAR, 87 in MDiv, and 17 Certificate students. 4114316 0 4262776 WTSBooks.com Westminster Bookstore is the campus bookstore for Westminster Theological Seminary. We exist to serve the Kingdom of God by serving the Westminster Theological Seminary community through the distribution of high quality, biblically faithful, Reformed books and resources. 154651 0 204459 Student Housing WTS offers limited housing for up to 21 students at our Church Road campus in Glenside: 11 male students in Machen Hall; 5 male students in SeokNam House; and 5 women students in the Church Road Gate House. In addition, WTS owns 8 condominiums at 1600 Church Road in Wyncote, Pennsylvania and can house up to 1 student plus his/her family of either gender. These are intended to help the international student. 73459 0 0 Upholding the Truth, LLC or "UTT" The purpose of UTT is to study, promote, and advance the truth and ethics of a biblically consistent worldview in all spheres of life and when appropriate, to do so with allied individuals, groups, and organizations that are committed to the same perspective. Representative projects include an annual conference devoted to the intersection of science and faith. 228110 204459 19358127 true true false false false false true false true true true false true true false false true true true true false true false false false false false true true false false false false false false false false true false false false true true true true false false true 968 0 true 254 true false false false false false false false false false false false false X 14 14 true false false false false false false true true false false true true true true true true true true false PA X Chun Lai 2158875511 2960 W Church Road Glenside PA 19038 Francis McGowen Board Treasurer (part year) 5.0 X X 0 0 0 John Weiser Board Chairman 5.0 X X 0 0 0 M Douglas Hart Board Vice Chairman 5.0 X X 0 0 0 Tom Conway Interim Board Treasurer 5.0 X X 0 0 0 Gabriel NE Fluhrer Trustee 5.0 X 0 0 0 Gregory A Poland Trustee 5.0 X 0 0 0 Harry Reeder Trustee 5.0 X 0 0 0 Hugh Jacks Trustee 5.0 X 0 0 0 John Maynard Trustee 5.0 X 0 0 0 Juan Carlos Martinez Trustee 5.0 X 0 0 0 Larry Puls Trustee 5.0 X 0 0 0 Mark Sallade Trustee 5.0 X 0 0 0 Richard B Gaffin III Trustee 5.0 X 0 0 0 Richard Phillips Trustee 5.0 X 0 0 0 Zachary Aills Trustee 5.0 1.0 X 0 0 0 Chun Lai Chief Operating Officer 45.0 1.0 X 149269 0 31052 David Garner Academic Dean 45.0 X 107921 0 81093 James Sweet General Counsel 45.0 X 52608 0 3586 Jerry Timmis VP of Stewardship 45.0 1.0 X 146481 0 28264 Lee Augsburger Secretary (part year) 11.0 X 29900 0 0 Pau Ping Sze To Director of Finance 45.0 X 101625 0 14759 Peter Lillback President 45.0 1.0 X 144516 0 90350 Steve Carter VP Campus Life/Secretary 45.0 X 129946 0 13569 Andrew Schwartz Sr Director of Stewardship 45.0 X 124160 0 26063 Jonathan Brack Sr Director of Enrollment 45.0 X 127628 0 26276 Mark Garcia Professor - Systematic Theology 45.0 X 123405 0 28160 Mike Halpin Enterprise Transformation Lead 45.0 X 114742 0 25368 Yohan Kim Sr Director of Online Learning 45.0 X 142628 0 27326 1494829 0 395866 14 false true false Christian Counseling & Educational Fdn 1803 East Willow Grove Glenside PA 19038 Teaching Fees 1330874 Open Book Communications 3802 Nicollet Ave Suite 204 Minneapolis MN 55409 Marketing Services 373319 CliftonLarsonAllen LLP PO Box 829709 Philadelphia PA 191829709 Consulting & Accounting Services 266763 Salesforcecom Inc PO Box 203141 3rd Floor Dallas TX 753203141 Software Services 185088 BuxMont Service LLC 524 Derstine Avenue Lansdale PA 19446 Contractor Services 171522 7 60397 12432283 522389 12492680 Tuition and Fees 611600 10539689 10539689 WTS Bookstore 451211 4262776 4262776 Student Housing 900099 204459 204459 434751 434751 0 0 15441675 531355 531355 89327 7189 82138 0 82138 82138 3521696 1719144 3348917 172779 1719144 1891923 1891923 0 0 0 0 0 30439771 15441675 0 2505416 2435834 2435834 1291705 1291705 1216119 102262 682133 431724 8856263 6582042 1119910 1154311 414495 319834 30180 64481 649013 544565 89637 14811 545802 348082 115189 82531 176572 55591 118594 2387 70940 70940 50304 50304 2001557 1457092 445921 98544 837395 260778 354459 222158 540742 231410 146762 162570 912821 553167 190042 169612 270305 93734 171007 5564 482104 273785 37473 170846 313058 131341 11937 169780 74888 7408 67480 1537351 668440 635142 233769 Bookstore COGS 3624630 3624630 UTT Program Expense 73459 73459 341820 302968 0 38852 26717177 19358127 4337110 3021940 16818143 3963955 2121 3698791 632160 628276 0 0 116185 113035 1056191 1208244 358939 485128 29521891 16502260 12778569 13019631 8769310 24709049 3361565 3554094 0 10538237 10766546 54431420 62146749 1349723 2106215 1981325 3721246 0 392958 259357 803000 646023 590861 4370029 7480679 X 14218817 16275972 35842574 38390098 50061391 54666070 54431420 62146749 X 3722594 266152 615933 X false true X true true true X 8207003 9721561 14858605 18039643 12492680 63319492 0 0 8207003 9721561 14858605 18039643 12492680 63319492 10123516 53195976 502697 346072 221869 256691 620682 1948011 0 0 0 0 0 0 0 65267503 72299790 0.8150 0.8315 X Schedule A, Part II The organization is a school as described under 170(b)(1)(A)(ii) and is not required to complete a public support schedule. Schedule A, Part II is completed to verify the School can qualify under public charity status section 170(b)(1)(A)(vi) and, therefore, qualifies to use the first listed special rule for Schedule B reporting. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 420250 X X false 8491291 149854 640642 307532 8974255 12184132 435045 -737546 3301370 88970 8491291 9036869 1876955 1657368 339384 47676 12184132 9349841 600 165823 425395 54000 9036869 9493061 8000 421455 503534 69141 9349841 0.0 1.0 0.0 true false 1008 1008 14101255 5375410 8725845 11037691 8164399 2873292 4381937 2962451 1419486 13019631 Government and Agency Securities 113564 F Corporate Bonds 500412 F Private Equity Funds 2470838 F Other Investments 469280 F 3554094 Interest in beneficial trust 10766546 10766546 Annuities Payable 492028 Post Employment Benefits 98833 590861 Schedule D, Part III, Line 4 Collections of art - description of collections Rare book editions, acquired chiefly by gift, are not held for display. They are kept in secured, humidity controlled rooms in the library and are utilized primarily for scholarly research. The historic Torah scroll was acquired by gift in order to be preserved for future generations and used by faculty and students in their scholarly research. Schedule D, Part V, Line 4 Intended uses of endowment funds The Seminary's endowment is utilized to fund operations. true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY The organization currently enrolls students of racial minority groups in meaningful numbers consistent with the publicity exception found in Rev. Proc. 75-50 section 4.03(2)(b). Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT The Seminary is the recipient of U.S. Department of Education - Student Financial Aid Cluster loan program funds. true East Asia and the Pacific 2 14 Program Services Online program, translating and producing course materials 539303 Middle East and North Africa 0 1 Program Services In-person theological training courses. 36428 North America (Canada & Mexico only) 0 0 Grantmaking 181054 Central America and the Caribbean 0 3 Program Services Course development phase - translating and producing course materials 13098 Sub-Saharan Africa 0 0 Grantmaking 53275 Europe (Including Iceland and Greenland) 0 0 Grantmaking 109960 East Asia and the Pacific 0 0 Grantmaking 845588 South America 0 0 Grantmaking 101828 2 18 0 0 2 18 1880534 0 1880534 Scholarships North America (Canada & Mexico only) 17 181054 Applied to Student Accounts Scholarships South America 6 101828 Applied to Student Accounts Scholarships Sub-Saharan Africa 4 53275 Applied to Student Accounts Scholarships Europe (Including Iceland and Greenland) 8 109960 Applied to Student Accounts Scholarships East Asia and the Pacific 186 845588 Applied to Student Accounts false false false false false false Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds Like for individuals within the US, budgeted amounts are awarded to eligible students who apply for financial aid (selected by committee or using packaging rules). Awarded students are checked to ensure that they are still eligible to receive these funds during the course of the academic year. The scholarships are applied directly to each student's account. Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual; EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; MIDDLE EAST AND NORTH AFRICA-Accrual; NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual; SOUTH AMERICA-Accrual; SUB-SAHARAN AFRICA-Accrual Schedule F, Part III Method used to account for expenditures on org's financial statements EAST ASIA AND THE PACIFIC -Accrual EUROPE (INCLUDING ICELAND AND GREENLAND) -Accrual NORTH AMERICA (CANADA & MEXICO ONLY) -Accrual SOUTH AMERICA -Accrual SUB-SAHARAN AFRICA -Accrual true Scholarships 291 2435834 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. Budgeted amounts are awarded to eligible students who apply for financial aid (selected by committee or using packaging rules). Awarded students are checked to ensure that they are still eligible to receive these funds during the course of the academic year. The scholarships are applied directly to each student's account. X X true true X X false false false false false false false true false Peter Lillback President 132596 0 0 0 11920 0 13303 0 77047 0 234866 0 0 0 David Garner Academic Dean 106319 0 152 0 1450 0 23198 0 57895 0 189014 0 0 0 Chun Lai Chief Operating Officer 148945 0 0 0 324 0 10369 0 20683 0 180321 0 0 0 Jerry Timmis VP of Stewardship 145578 0 0 0 903 0 10369 0 17895 0 174745 0 0 0 Mark Garcia Professor - Systematic Theology 103658 0 3547 0 16200 0 8239 0 19921 0 151565 0 0 0 Yohan Kim Sr Director of Online Learning 127444 0 15000 0 184 0 10150 0 17176 0 169954 0 0 0 Jonathan Brack Sr Director of Enrollment 127444 0 0 0 184 0 9100 0 17176 0 153904 0 0 0 Andrew Schwartz Sr Director of Stewardship 107444 0 16500 0 216 0 8855 0 17208 0 150223 0 0 0 Schedule J, Part I, Line 1a Discretionary spending account President Peter Lillback has a discretionary account used for projects not anticipated during budgeting. These funds are used solely for Seminary initiatives and documentation to support business use of the funds is provided according to the accountable plan rules. Schedule J, Part I, Line 1a Housing allowance or residence for personal use Pursuant to Internal Revenue Code Section 107, ministerial housing allowances are provided for qualifying ministerial employees. This is not included in taxable compensation. Peter Lillback, President, David Garner, Academic Dean and Mark Garcia, Professor of Systematic Theology met the qualifications for and received a ministerial housing allowance during the tax year. Schedule J, Part I, Line 7 Non-fixed payments The board approved nonfixed payments made in the form of discretionary bonuses. X 9 522389 Selling cost 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - The number of contributions represent the number of contributions received, not the number of items donated. Form 990, Part III, Line 4d Description of other program services (Expenses $ 154,651 including grants of $ 0)(Revenue $ 204,459) Student Housing WTS offers limited housing for up to 21 students at our Church Road campus in Glenside: 11 male students in Machen Hall; 5 male students in SeokNam House; and 5 women students in the Church Road Gate House. In addition, WTS owns 8 condominiums at 1600 Church Road in Wyncote, Pennsylvania and can house up to 1 student plus his/her family of either gender. These are intended to help the international student. Form 990, Part III, Line 4d Description of other program services (Expenses $ 73,459 including grants of $ 0)(Revenue $ 0) Upholding the Truth, LLC or "UTT" The purpose of UTT is to study, promote, and advance the truth and ethics of a biblically consistent worldview in all spheres of life and when appropriate, to do so with allied individuals, groups, and organizations that are committed to the same perspective. Representative projects include an annual conference devoted to the intersection of science and faith. Form 990, Part VI, Line 1a Delegate broad authority to a committee The Executive Committee is comprised of the Chairman, Vice Chairman and one to three at-large trustees who shall be nominated by the Governance Committee and elected annually at the time of the election of officers. The President and whichever members of his Senior Administration he deems appropriate shall attend all meetings of the Executive Committee. All Board members may attend and participate in the meetings of the Executive Committee, but only members of the Executive Committee have the right to vote during such meetings. The Executive Committee shall have the authority to take formal action on behalf of the Board on matters that cannot reasonably wait until the next full Board meeting. The full Board may rescind or amend any action of the Executive Committee by a majority of the members present and voting. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons Larry Puls and John Maynard - Family relationship Form 990, Part VI, Line 11b Review of form 990 by governing body The Form 990 is prepared by an independent CPA firm. The Director of Finance reviews in detail and approves the 990. It is then sent to the Chief Operating Officer for top-level review. A draft copy of the Form 990 was provided to the Audit Committee and then a final copy was provided to every member of the organization's governing body before it was filed with the IRS. Form 990, Part VI, Line 12c Conflict of interest policy Board members and officers annually sign conflict of interest policy disclosures. The signed statements disclosing any conflicts are reviewed by the Governance Committee of the Board of Trustees for determination of appropriate actions. Should any potential conflicts of interest be disclosed, the board member or officer is asked to refrain from participation in any decision with regard to matters affected by the relationship. Form 990, Part VI, Line 15a Process to establish compensation of top management official The independent members of the Board determine the President's salary. Comparability data is used, and the approval process is documented. Form 990, Part VI, Line 15b Process to establish compensation of other employees The compensation for other officers is approved by the President. Comparability data is used, and the approval process is documented. Form 990, Part VI, Line 19 Required documents available to the public The organization's governing documents, conflict of interest policy, and financial statements are made available to the public upon request. Form 990, Part VII, Section A, Line 1a Compensation reported in Part VII, column D and Schedule J, Part II, column B is the amount reported on the individual's W-2, box 1 or 5 (whichever amount is greater) per the IRS instructions. In the case of minister's compensation when box 5 of the W-2 is not applicable, box 1 compensation is used. Employee deferrals to qualified retirement plans are normally captured in box 5, not box 1 of Form W-2. For reporting purposes we have included the minister's retirement plan deferrals in Part VII, column F and Schedule J, Part II, column C. Form 990, Part VIII, Line 2f Other Program Service Revenue Other Program Income - Total Revenue: 434751, Related or Exempt Function Revenue: 434751, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances Change in value of beneficial interest in trust - 228310; Change in value of annuities - -20414; Distribution from beneficial interest in perpetual trusts - 408037; Upholding the Truth LLC 2960 W Church Road Glenside PA 19038 383812745 To address cultural issues in a Biblical fashion PA 41060 165213 Westminster Theological Seminary The Ethics of Profits LLC 2960 W Church Road Glenside PA 19038 Study & disseminate scholarly research on the ethical nature of capitalism PA 0 0 Upholding the Truth LLC Westminster Seminary Press LLC 2960 W Church Road Glenside PA 19038 Publication of new and classic Reformed Christian books PA 390023 343412 Westminster Theological Seminary Westminster Bookstore 2960 W Church Road Glenside PA 19038 842028619 Marketing and distributing Christian literature PA 4146164 1233320 Westminster Theological Seminary Westminster Educational Foundation Inc Willow Grove Ave Church Rd Philadelphia PA 19118 232565132 To support the Westminster Theological Seminary PA 501(c)(3) Type I Westminster Theological Seminary true Charitable Remainder Unitrust (2) Charitable Remainder Unitrust PA WTS Trust true false false true false false false false false false false false false false true true false false false false Westminster Educational Foundation Inc C 60397 Book Value