BAPTIST MISSIONARY ASSOCIATION THEOLOGICAL SEMINARY

EIN: 750959996 501(c)(3)

JACKSONVILLE, TX

Total Revenue
$1,541,877
Total Expenses
$1,570,844
Total Assets
$3,520,707
Net Assets
$3,460,921
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1955
Legal Domicile
TX
Phone
9035862501
Tax Period
2024-06-01 to 2025-05-31

BAPTIST MISSIONARY ASSOCIATION THEOLOGICAL SEMINARY, founded in 1955, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Net assets of $3.5M represent 27 months of operating reserves.

Mission

THE PURPOSE OF THE BAPTIST MISSIONARY ASSOCIATION THEOLOGICAL SEMINARY IS TO PROVIDE ACCREDITED UNDERGRADUATE AND GRADUATE THEOLOGICAL EDUCATION FOR EQUIPPING INDIVIDUALS FOR CHRISTIAN SERVICE AND LEADERSHIP ROLES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $857,888
Program Service Revenue $434,913
Investment Income $249,306
Other Revenue $-230
TOTAL REVENUE $1,541,877

Expense Breakdown

Grants Paid $218,526
Salaries & Benefits $734,773
Fundraising Expenses $97,346
Program Expenses $1,206,787
Other Expenses $617,545
TOTAL EXPENSES $1,570,844

Year-over-Year Comparison

2024 2023 Change
Revenue $1,541,877 $1,801,223 -0.1%
Expenses $1,570,844 $1,600,339 0.0%
Net Income $-28,967 $200,884 -1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
23
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$47,031
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR PHILIP ATTEBERRY President 55.00
Officer
$47,031 $0 $47,031
ELAINE BEAL ASST SECRETARY 1.00
Officer Director
$0 $0 $0
DENNIS BAKER Trustee 1.00
Director
$0 $0 $0
LARRY GERALDSON Chairman 1.00
Officer Director
$0 $0 $0
NICK KERRY Trustee 1.00
Director
$0 $0 $0
JOSHUA BULLOCK Trustee 1.00
Director
$0 $0 $0
TERRY BOLTON Trustee 1.00
Director
$0 $0 $0
CLIFF JOHNSON Vice Chairman 1.00
Officer Director
$0 $0 $0
RANDY VEACH Trustee 1.00
Director
$0 $0 $0
SAM BRADLEY Trustee 1.00
Director
$0 $0 $0
MICHAEL BATTENFIELD Trustee 1.00
Director
$0 $0 $0
JUDY ROHLIN Trustee 1.00
Director
$0 $0 $0
JIMMY TOLLISON II Trustee 1.00
Director
$0 $0 $0
TED QUINBY Trustee 1.00
Director
$0 $0 $0
DAVID COOK Trustee 1.00
Director
$0 $0 $0
GARY MURPH Secretary 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,541,877 $1,570,844 $3,520,707 $-28,967
2024 $1,801,223 $1,600,339 $3,575,016 $200,884
2023 $1,942,992 $1,503,185 $3,279,510 $439,807
2022 $1,236,625 $1,404,827 $2,836,010 $-168,202
2021 $1,672,352 $1,504,882 $3,013,601 $167,470
2020 $1,736,412 $1,529,264 $3,003,820 $207,148
2019 $1,688,852 $1,622,185 $2,656,102 $66,667
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