Form 990 for tax year 2025
Filed by BAPTIST MISSIONARY ASSOCIATION THEOLOGICAL SEMINARY.
Totals
- Total revenue
- $1,917,704
- Total expenses
- $1,763,461
- Contributions and grants received
- $1,078,407
- Grants paid
- $258,495
- Program service revenue
- $501,230
- Investment income
- $338,031
- Other revenue
- $36
- Total assets, end of year
- $3,731,639
- Total liabilities, end of year
- $88,514
- Net assets or fund balances, end of year
- $3,643,125
- Program services expenses (Part IX)
- $1,380,606
- Management and general expenses
- $264,404
- Fundraising expenses
- $118,451
- Program service expenses (Part III)
- $1,380,606
Program services were 78.3% 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.
-
1e · Government grants (contributions)
$101,650
-
1f · All other contributions, gifts and grants
$976,757
-
2a · Program service revenue: MISCELLANEOUS FEES
total $49,881 · related or exempt $49,881
-
2b · Program service revenue: TUITION AND HOUSING
total $451,349 · related or exempt $451,349
-
3 · Investment income
total $79,705 · related or exempt $79,705
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
other assets $287,500
-
7b · Less cost or other basis and sales expenses
other assets $29,174
-
7c · Gain or loss
other assets $258,326
-
7d · Net gain or loss
total $258,326 · related or exempt $258,326
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$36
-
10c · Net income from sales of inventory
total $36 · excluded $36
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $258,495 · program services $258,495
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $100,429 · program services $60,258 · management and general $20,086 · fundraising $20,085
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $584,605 · program services $438,454 · management and general $116,922 · fundraising $29,229
-
8 · Pension plan contributions
total $15,079 · program services $11,310 · management and general $3,016 · fundraising $753
-
9 · Other employee benefits
total $68,631 · program services $51,474 · management and general $13,727 · fundraising $3,430
-
10 · Payroll taxes
total $35,513 · program services $26,635 · management and general $7,103 · fundraising $1,775
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $541 · management and general $541
-
11c · Fees: accounting
total $9,350 · management and general $9,350
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $10,909 · management and general $10,909
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $9,907 · management and general $4,954 · fundraising $4,953
-
13 · Office expenses
total $24,815 · program services $18,612 · management and general $4,964 · fundraising $1,239
-
14 · Information technology
total $85,043 · program services $63,783 · management and general $17,009 · fundraising $4,251
-
15 · Royalties
total $0
-
16 · Occupancy
total $24,580 · program services $18,436 · management and general $4,917 · fundraising $1,227
-
17 · Travel
total $30,349 · program services $13,660 · management and general $3,035 · fundraising $13,654
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $14,478 · program services $10,859 · management and general $2,896 · fundraising $723
-
22 · Depreciation, depletion and amortization
total $53,257 · program services $39,943 · management and general $10,652 · fundraising $2,662
-
23 · Insurance
total $62,363 · program services $46,773 · management and general $12,473 · fundraising $3,117
-
24a · Other expenses: Contract labor
total $64,143 · program services $48,107 · management and general $12,829 · fundraising $3,207
-
24b · Other expenses: SPECIAL PROJECTS
total $57,586 · program services $57,586
-
24c · Other expenses: REPAIRS AND MAINTENANCE
total $51,432 · program services $51,432
-
24d · Other expenses: STUDENT HOUSING
total $41,154 · program services $41,154
-
24e · All other expenses
total $160,802 · program services $123,635 · management and general $9,021 · fundraising $28,146
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $0
-
2 · Savings and temporary cash investments
beginning of year $429,474 · end of year $415,522
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $8,074 · end of year $34,889
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
beginning of year $269,504 · end of year $486,713
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $100 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$2,057,638
-
10b · Land, buildings and equipment: accumulated depreciation
$1,306,052
-
10c · Land, buildings and equipment, net
beginning of year $811,918 · end of year $751,586
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $2,001,637 · end of year $2,042,929
-
17 · Accounts payable and accrued expenses
beginning of year $22,506 · end of year $67,384
-
19 · Deferred revenue
beginning of year $16,890 · end of year $8,600
-
25 · Other liabilities
beginning of year $20,390 · end of year $12,530
-
27 · Net assets without donor restrictions
beginning of year $1,612,295 · end of year $1,653,328
-
28 · Net assets with donor restrictions
beginning of year $1,848,626 · end of year $1,989,797
Mission and programs · 2025
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.
-
PROVIDED ACCREDITED GRADUATE AND UNDERGRADUATE THEOLOGICAL EDUCATION FOR EQUIPPING INDIVIDUALS FOR CHRISTIAN SERVICES AND LEADERSHIP ROLES.
Expenses $1,380,606
As filed on the 2025 return.
Listed in Part VII
-
Dr Philip AtteberryDR PHILIP ATTEBERRY
President
- Total calculated
- $100,429
- From this org
- $93,787
- From related orgs
- $0
- Other
- $6,642
- Hours/week
- 55
-
Elaine BealELAINE BEAL
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Dennis BakerDENNIS BAKER
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Lincoln DialLINCOLN DIAL
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Nick KerryNICK KERRY
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Joshua BullockJOSHUA BULLOCK
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Cliff JohnsonCLIFF JOHNSON
Vice Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Randy VeachRANDY VEACH
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Sam BradleySAM BRADLEY
Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Michael BattenfieldMICHAEL BATTENFIELD
Asst Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Judy RohlinJUDY ROHLIN
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Jimmy Tollison IIJIMMY TOLLISON II
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Kevin ClaytonKEVIN CLAYTON
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
David CookDAVID COOK
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Jeffrey DixonJEFFREY DIXON
Trustee
- Total calculated
- $0
- Hours/week
- 1
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 16 September 2026
- IRS schema version
- 2025v4.1
- Source object
- 202632599349300958
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