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Nonprofiteer
← DALLAS SEMINARY FOUNDATION

Form 990 for tax year 2024

Filed by DALLAS SEMINARY FOUNDATION.

Totals

Total revenue
$49,578,499
Total expenses
$16,465,005
Contributions and grants received
$46,436,745
Grants paid
$15,206,592
Program service revenue
$674,442
Investment income
$2,467,312
Other revenue
$0
Total assets, end of year
$122,178,093
Total liabilities, end of year
$17,867,813
Net assets or fund balances, end of year
$104,310,280
Program services expenses (Part IX)
$15,206,592
Management and general expenses
$877,220
Fundraising expenses
$381,193
Program service expenses (Part III)
$15,206,592

Program services were 92.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $140,000

  • 1f · All other contributions, gifts and grants

    $46,296,745

  • 1g · Noncash contributions included above

    $6,437,356

  • 2a · Program service revenue: Fund mgmt assessment

    total $674,442 · related or exempt $674,442

  • 3 · Investment income

    total $1,409,899 · excluded $1,409,899

  • 7a · Gross sales of assets other than inventory

    securities $29,161,104

  • 7b · Less cost or other basis and sales expenses

    securities $28,103,691

  • 7c · Gain or loss

    securities $1,057,413

  • 7d · Net gain or loss

    total $1,057,413 · excluded $1,057,413

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $15,206,592 · program services $15,206,592

  • 5 · Compensation of officers, directors and key employees

    total $376,833 · management and general $185,759 · fundraising $191,074

  • 7 · Other salaries and wages

    total $249,488 · management and general $122,984 · fundraising $126,504

  • 9 · Other employee benefits

    total $23,152 · management and general $11,413 · fundraising $11,739

  • 10 · Payroll taxes

    total $43,185 · management and general $21,288 · fundraising $21,897

  • 11c · Fees: accounting

    total $39,915 · management and general $39,915

  • 11f · Fees: investment management

    total $392,051 · management and general $392,051

  • 11g · Fees: other

    total $83,873 · management and general $83,873

  • 13 · Office expenses

    total $33,101 · management and general $18,065 · fundraising $15,036

  • 17 · Travel

    total $10,876 · fundraising $10,876

  • 19 · Conferences, conventions and meetings

    total $5,411 · management and general $1,344 · fundraising $4,067

  • 24a · Other expenses: Misc exp

    total $528 · management and general $528

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $8,619,677 · end of year $4,375,771

  • 4 · Accounts receivable

    beginning of year $1,132,369 · end of year $1,000,000

  • 10a · Land, buildings and equipment: cost or other basis

    $154,050

  • 10b · Land, buildings and equipment: accumulated depreciation

    $13,800

  • 10c · Land, buildings and equipment, net

    beginning of year $143,210 · end of year $140,250

  • 11 · Investments: publicly traded securities

    beginning of year $83,816,405 · end of year $96,803,247

  • 12 · Investments: other securities

    beginning of year $12,663,515 · end of year $19,858,825

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,539

  • 21 · Escrow or custodial account liability

    beginning of year $33,364,138 · end of year $8,760,042

  • 25 · Other liabilities

    beginning of year $8,398,136 · end of year $9,107,771

  • 27 · Net assets without donor restrictions

    beginning of year $21,104,758 · end of year $54,837,032

  • 28 · Net assets with donor restrictions

    beginning of year $43,505,605 · end of year $49,473,248

Mission and programs · 2024

Mission

To support the mission of Dallas Theological Seminary by offering charitable planned giving and other related services to friends of the Seminary.

  • Provided administration of funds given primarily for the support of Dallas Theological Seminary and ministries served by its alumni. These include donor advised funds making grants to Dallas Theological Seminary and ministries served by its alumni, charitable trusts, gift annuities, scholarships and designated grants.

    Expenses $15,206,592 · Grants $15,206,592 · Revenue $674,442

As filed on the 2024 return.

Listed in Part VII

  • Mark Yarbrough

    Director

    Total calculated
    $412,262
    From this org
    $0
    From related orgs
    $310,060
    Other
    $102,202
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $310,060 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $17,198 related
    Nontaxable benefits
    not reported + $85,004 related
    Filer's total
    not reported + $412,262 related

  • Robert Riggs

    Director

    Total calculated
    $234,015
    From this org
    $0
    From related orgs
    $134,186
    Other
    $99,829
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $134,186 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $10,602 related
    Nontaxable benefits
    not reported + $89,227 related
    Filer's total
    not reported + $234,015 related

  • David Tarrant

    Secretary

    Total calculated
    $220,501
    From this org
    $0
    From related orgs
    $196,021
    Other
    $24,480
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $196,021 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $10,214 related
    Nontaxable benefits
    not reported + $14,266 related
    Filer's total
    not reported + $220,501 related

  • Kim Till

    Director

    Total calculated
    $219,803
    From this org
    $0
    From related orgs
    $201,851
    Other
    $17,952
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $201,851 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $10,459 related
    Nontaxable benefits
    not reported + $7,493 related
    Filer's total
    not reported + $219,803 related

  • Scott Talbot

    Executive Director

    Total calculated
    $172,681
    From this org
    $157,035
    From related orgs
    $0
    Other
    $15,646
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,035
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $8,152 related
    Nontaxable benefits
    $7,494
    Filer's total
    $164,529 + $8,152 related

  • Sonia Flores

    Director

    Total calculated
    $134,606
    From this org
    $0
    From related orgs
    $114,143
    Other
    $20,463
    Hours/week
    1 + 40 related

  • Kathryn Robertson

    Treasurer ending Sept 2025

    Total calculated
    $117,720
    From this org
    $97,922
    From related orgs
    $0
    Other
    $19,798
    Hours/week
    40

  • Audrey Lieb

    Director Treasurer Sept 2025

    Total calculated
    $74,970
    From this org
    $63,672
    From related orgs
    $0
    Other
    $11,298
    Hours/week
    40

  • James Stroud

    Director

    Total calculated
    $0
    Hours/week
    1

  • Tim Kilpatrick

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Larry Jobe

    Director

    Total calculated
    $0
    Hours/week
    1

  • Scott Turpin

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Robert Murchison

    Director

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Ray Nixon Jr

    Director

    Total calculated
    $0
    Hours/week
    1

  • Chris Lipper

    Director

    Total calculated
    $0
    Hours/week
    1

  • Dale Hortenstine

    Director

    Total calculated
    $0
    Hours/week
    1

  • David Stevens

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • William Stone III

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

General Explanation Attachment
Certain individuals receiving compensation are ministers of the gospel, and as such, a housing allowance is included in nontaxable benefits for some of the people in Pt. VII.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
8 December 2025
IRS schema version
2024v5.2
Source object
202533429349300628

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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