Fuller Theological Seminary

EIN: 951699394 501(c)(3) Education

Pasadena, CA

Total Revenue
$59,918,315
Total Expenses
$64,856,032
Total Assets
$296,847,896
Net Assets
$256,200,290
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Financial Trends

Organization Details

Formation Year
1947
Legal Domicile
CA
Phone
6255845453
Tax Period
2023-07-01 to 2024-06-30

Fuller Theological Seminary, founded in 1947, is a mid-sized nonprofit in the Education sector that reported $59.9M in total revenue in fiscal year 2023. Net assets of $256.2M represent 51 months of operating reserves.

Mission

The Seminary is an international, multi-denominational, post-baccalaureate school of religious learning that prepares students for a wide variety of Christian vocations through its two schools: School of Mission & Theology and School of Psychology & Marriage and Family Therapy.

Program Service Accomplishments

Program 1
Expenses: $34,162,897 Revenue: $25,384,669

Fuller Theological Seminary is one of the largest multidenominational seminaries in the world,providing professional and graduate-level education in our School of Mission and Theology and School of...

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Fuller Theological Seminary is one of the largest multidenominational seminaries in the world,providing professional and graduate-level education in our School of Mission and Theology and School of Psychology & Marriage and Family Therapy. We are known for our ethnic anddenominational diversity, with more than 3,000 students joining our community from 83countries and 114 denominations. The School of Mission and Theology offers students indispensable education for effective leadership in vocations in ministry, missions, the marketplace, and beyond. A rigorous curriculum that integrates biblical learning, theological training, and missiological perspectives equips School of Mission and Theology (SMT) graduates to make an impact in their unique context and calling. Students in Fuller's School of Psychology & Marriage and Family Therapy-a pioneer in the integration of psychology and Christian theology-are equipped to serve with professionalism, grace, and truth. All are trained for their chosen vocations in an environment of clinical excellence, research innovation, and academic distinction.

Program 2
Expenses: $12,043,650 Revenue: $3,439,780

For over 50 years, Fuller Psychological and Family Services (FPFS) has played a vital role in providing high-quality and affordable mental health care to individuals and families in Pasadena and...

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For over 50 years, Fuller Psychological and Family Services (FPFS) has played a vital role in providing high-quality and affordable mental health care to individuals and families in Pasadena and surrounding communities. What makes FPFS unique from other mental health outpatient clinics is that all FPFS therapists are trained to relate to you in a holistic manner - mind, body, and spirit - without imposing a worldview on you. Accordingly, we welcome people of all faith traditions.

Program 3
Expenses: $4,155,630 Revenue: $3,233,913

Fuller offers a full range of affordable apartment-style housing options for eligible graduate students and their family members, year round, located in the heart of Pasadena, just minutes away from...

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Fuller offers a full range of affordable apartment-style housing options for eligible graduate students and their family members, year round, located in the heart of Pasadena, just minutes away from campus.

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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 (2023)

Revenue Breakdown

Contributions & Grants $20,666,320
Program Service Revenue $32,058,362
Investment Income $7,813,584
Other Revenue $-619,951
TOTAL REVENUE $59,918,315

Expense Breakdown

Grants Paid $7,363,952
Salaries & Benefits $34,621,861
Fundraising Expenses $2,845,908
Program Expenses $50,362,177
Other Expenses $22,870,219
TOTAL EXPENSES $64,856,032

Year-over-Year Comparison

2023 2022 Change
Revenue $59,918,315 $58,133,640 +0.0%
Expenses $64,856,032 $64,107,578 +0.0%
Net Income $-4,937,717 $-5,973,938 -0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
30
Independent Members
29
Employees
1036
Volunteers
29

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
10
$1,596,028
Total Directors
30
$401,605
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Daniel D Meyer Chair/Trustee 0.1
Officer Director
$0 $0 $0
Daniel L Villanueva Treasurer/Trustee/Chair Ops 0.1
Officer Director
$0 $0 $0
David E Goatley President/Trustee 40.0
Officer Director
$294,706 $106,899 $401,605
Mary Vermeer Andringa Vice Chair/Trustee 0.1
Officer Director
$0 $0 $0
C Jeffrey Wright Trustee 0.1
Director
$0 $0 $0
Clifford L Penner Trustee/Chair TAC 0.1
Director
$0 $0 $0
Dale C Wong Trustee/Chair JIC 0.1
Director
$0 $0 $0
Daniel Fong Trustee 0.1
Director
$0 $0 $0
Daniel L Chun Trustee 0.1
Director
$0 $0 $0
David Fung Trustee 0.1
Director
$0 $0 $0
David L Bere Trustee 0.1
Director
$0 $0 $0
Gregory L Headington Trustee 0.1
Director
$0 $0 $0
Jim Mellado Trustee 0.1
Director
$0 $0 $0
Jody A De Pree Vanderwel Trustee 0.1
Director
$0 $0 $0
John Ortberg Trustee 0.1
Director
$0 $0 $0
John Witvliet Trustee 0.1
Director
$0 $0 $0
Kathy Drake Trustee 0.1
Director
$0 $0 $0
Kevin T Chan Trustee/Chair Audit 0.1
Director
$0 $0 $0
Larry A Smith Trustee 0.1
Director
$0 $0 $0
Lip-Bu Tan Trustee 0.1
Director
$0 $0 $0
Meritt Lohr Sawyer Trustee 0.1
Director
$0 $0 $0
Nicholas E Brathwaite Trustee 0.1
Director
$0 $0 $0
Nicholas Pearce Trustee 0.1
Director
$0 $0 $0
Nicole Martin Trustee 0.1
Director
$0 $0 $0
Samuel C Tolbert Jr Trustee 0.1
Director
$0 $0 $0
Shirley A Mullen Trustee 0.1
Director
$0 $0 $0
Stephen Aeschbacher Trustee 0.1
Director
$0 $0 $0
Tom Hsieh Trustee 0.1
Director
$0 $0 $0
Tom Lin Trustee/Chair LFD 0.1
Director
$0 $0 $0
Wilma Jean Burch Trustee 0.1
Director
$0 $0 $0
Alexis Abernathy Chief Academic Officer 40.0
Officer
$196,948 $12,024 $208,972
Cynthia Blomquist Erikkson Dean of School of Psychology 40.0
Officer
$138,598 $10,571 $149,169
Jeffrey Harwell Chief Technology Officer 40.0
Officer
$134,095 $25,562 $159,657
Raymond M Asad CFO and Secretary of the Board 40.0
Officer
$251,677 $5,631 $257,308
Sebastian Kim Interim Dean of School of Mission and Theology 40.0
Officer
$101,472 $64,131 $165,603
Theopolis Cosse Dean of School of Psychology (part year) 40.0
Officer
$246,941 $6,773 $253,714
Bernadette J O'Halloran Chief of HR ganizational Development 40.0
Highest
$156,304 $26,084 $182,388
Jacob Mulder Assistant Chief of Leadership Formation 40.0
Highest
$185,328 $28,343 $213,671
Kenneth Tzuchien Wang Professor 40.0
Highest
$154,541 $26,372 $180,913
Lance Griffin General Counsel 40.0
Highest
$211,377 $41,604 $252,981
Lisseth Rojas-Flores Professor 40.0
Highest
$153,753 $25,145 $178,898
Mark Labberton President Emeritus 0.0
$146,617 $138,770 $285,387
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 No data No data No data No data
2024 $59,918,315 $64,856,032 $296,847,896 $-4,937,717
2023 $58,133,640 $64,107,578 $297,698,059 $-5,973,938
2022 $67,640,860 $57,116,246 $285,986,246 $10,524,614
2021 $74,681,453 $56,005,313 $304,802,113 $18,676,140
2020 $48,939,173 $63,023,211 $257,080,633 $-14,084,038
2019 $52,971,104 $66,732,981 $265,062,633 $-13,761,877
2018 $53,143,149 $67,352,815 $272,224,260 $-14,209,666
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