Skip to content
Nonprofiteer
← METHODIST THEOLOGICAL SCHOOL IN OHIO

Form 990 for tax year 2023

Filed by METHODIST THEOLOGICAL SCHOOL IN OHIO.

Totals

Total revenue
$9,970,068
Total expenses
$9,738,031
Contributions and grants received
$1,697,490
Grants paid
$2,751,584
Program service revenue
$2,988,629
Investment income
$2,086,732
Other revenue
$3,197,217
Total assets, end of year
$77,220,579
Total liabilities, end of year
$5,789,434
Net assets or fund balances, end of year
$71,431,145
Program services expenses (Part IX)
$6,428,026
Management and general expenses
$3,109,085
Fundraising expenses
$200,920
Program service expenses (Part III)
$6,428,026

Program services were 66.0% 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.

  • 1f · All other contributions, gifts and grants

    $1,697,490

  • 1g · Noncash contributions included above

    $25,419

  • 2a · Program service revenue: TUITION FEES

    total $2,799,532 · related or exempt $2,799,532

  • 2b · Program service revenue: REGISTRATION AND TUITION - CCS

    total $139,959 · related or exempt $139,959

  • 2c · Program service revenue: SEMINARY HILL FARM

    total $49,138 · related or exempt $17,650 · unrelated business $31,488

  • 3 · Investment income

    total $78,802 · unrelated business $2,971 · excluded $75,831

  • 7a · Gross sales of assets other than inventory

    securities $5,718,781

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

    securities $3,710,851

  • 7c · Gain or loss

    securities $2,007,930

  • 7d · Net gain or loss

    total $2,007,930 · related or exempt $1,990,110 · unrelated business $17,820

  • 11a · Other revenue: INSURANCE REIMBURSEMENT

    total $2,768,458 · related or exempt $2,768,458

  • 11b · Other revenue: DORMITORY

    total $281,777 · related or exempt $281,777

  • 11c · Other revenue: MISCELLANEOUS

    total $129,271 · related or exempt $129,271

  • 11d · All other revenue

    total $17,711 · related or exempt $17,711

  • 11e · Other revenue, total

    $3,197,217

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $2,751,584 · program services $2,751,584

  • 5 · Compensation of officers, directors and key employees

    total $552,495 · program services $220,998 · management and general $220,998 · fundraising $110,499

  • 7 · Other salaries and wages

    total $3,207,720 · program services $2,060,415 · management and general $1,090,064 · fundraising $57,241

  • 8 · Pension plan contributions

    total $184,892 · program services $117,924 · management and general $63,948 · fundraising $3,020

  • 9 · Other employee benefits

    total $96,134 · program services $82,594 · management and general $28,405 · fundraising -$14,865

  • 10 · Payroll taxes

    total $189,464 · program services $114,569 · management and general $66,956 · fundraising $7,939

  • 11b · Fees: legal

    total $20,054 · management and general $20,054

  • 11c · Fees: accounting

    total $52,450 · management and general $52,450

  • 11f · Fees: investment management

    total $88,419 · management and general $88,419

  • 12 · Advertising and promotion

    total $69,224 · program services $21,809 · management and general $47,415

  • 16 · Occupancy

    total $414,564 · program services $60,747 · management and general $353,817

  • 17 · Travel

    total $133,952 · program services $110,664 · management and general $11,877 · fundraising $11,411

  • 19 · Conferences, conventions and meetings

    total $141,692 · program services $83,227 · management and general $53,320 · fundraising $5,145

  • 22 · Depreciation, depletion and amortization

    total $438,697 · program services $271,992 · management and general $166,705

  • 24a · Other expenses: PROGRAM EXPENSES

    total $442,939 · program services $420,752 · management and general $17,485 · fundraising $4,702

  • 24b · Other expenses: EQUIPMENT RENTAL

    total $411,386 · program services $16,342 · management and general $395,044

  • 24c · Other expenses: PROFESSIONAL SERVICE

    total $185,262 · program services $40,118 · management and general $129,806 · fundraising $15,338

  • 24d · Other expenses: COMPUTER EXPENSES

    total $167,173 · program services $38,058 · management and general $129,115

  • 24e · All other expenses

    total $189,930 · program services $16,233 · management and general $173,207 · fundraising $490

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,766,772 · end of year $7,531,777

  • 3 · Pledges and grants receivable

    beginning of year $132,294 · end of year $80,203

  • 4 · Accounts receivable

    beginning of year $224,161 · end of year $2,943,313

  • 5 · Loans and receivables from officers and key people

    beginning of year $17,533 · end of year $13,770

  • 7 · Other notes and loans receivable

    beginning of year $59,027 · end of year $67,856

  • 9 · Prepaid expenses and deferred charges

    beginning of year $155,103 · end of year $126,789

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

    $25,652,907

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

    $16,019,038

  • 10c · Land, buildings and equipment, net

    beginning of year $7,766,925 · end of year $9,633,869

  • 11 · Investments: publicly traded securities

    beginning of year $37,033,125 · end of year $39,759,063

  • 12 · Investments: other securities

    beginning of year $14,151,988 · end of year $14,927,152

  • 15 · Other assets

    beginning of year $2,180,104 · end of year $2,136,787

  • 17 · Accounts payable and accrued expenses

    beginning of year $592,769 · end of year $2,537,350

  • 19 · Deferred revenue

    beginning of year $17,407 · end of year $25,972

  • 25 · Other liabilities

    beginning of year $2,905,326 · end of year $3,226,112

  • 27 · Net assets without donor restrictions

    beginning of year $4,958,213 · end of year $6,962,871

  • 28 · Net assets with donor restrictions

    beginning of year $61,013,317 · end of year $64,468,274

Mission and programs · 2023

Mission

METHODIST THEOLOGICAL SCHOOL IN OHIO PROVIDES THEOLOGICAL EDUCATION AND LEADERSHIP IN PURSUIT OF A JUST, SUSTAINABLE AND GENERATIVE WORLD.

  • METHODIST THEOLOGICAL SCHOOL IN OHIO (MTSO) OFFERS FIVE MASTER'S DEGREE PROGRAMS SERVING 165 INDIVIDUALS AND A DOCTOR OF MINISTRY PROGRAM SERVING 44 INDIVIDUALS. THE SCHOOL ALSO PROVIDES PUBLIC THEOLOGY THROUGH SUCH ENDEAVORS AS THE THEOLOGICAL COMMONS AT MTSO, THE SCHOOLER INSTITUTE ON PREACHING AND THE WILLIAMS INSTITUTE LECTURES. PUBLIC LECTURES, WORKSHOPS AND SYMPOSIA ARE OFFERED THROUGHOUT THE YEAR AND SERVED 762 INDIVIDUALS.

    Expenses $5,666,721 · Grants $2,751,584 · Revenue $7,640,147

  • AUXILIARY ENTERPRISES EXPENSES FOR AUXILIARY SERVICES FOR THE CONVENIENCE OF OUR STUDENTS.

    Expenses $515,482 · Revenue $486,671

  • THE SCHOOL BEGAN A FARMING OPERATION DURING 2014 THAT WAS NAMED SEMINARY HILL FARM (THE "FARM"). THE FARM WAS CREATED TO FURTHER THE SUSTAINABILITY AND LAND INITIATIVE IN THE SCHOOL'S MISSION. THE FARM OPERATION SUPPLIES FOOD FOR THE SCHOOL'S DINING HALL, AS WELL AS THE SURROUNDING COMMUNITY.

    Expenses $245,823 · Revenue $17,650

As filed on the 2023 return.

Listed in Part VII

  • Jay Rundell

    PRESIDENT

    Total calculated
    $237,793
    From this org
    $78,451
    From related orgs
    $0
    Other
    $159,342
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $78,451
    Bonus
    $0
    Other
    $0
    Deferred
    $39,842
    Nontaxable benefits
    $119,500
    Filer's total
    $237,793

  • Dr Derek Anderson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Andrew Call

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • The Rev Cyndy Garn

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dr Maggie Jackson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rev Susan A Kyser

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ed Yuhas

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Bishop Gregory V Palmer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • The Rev James Roberson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Taylor

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Grace Imathiu

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Shema Roberts

    STUDENT TRUSTEE

    Total calculated
    $14,686
    From this org
    $14,686
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Emanuel Clever III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ryan Shellenberg

    FACULTY TRUSTEE

    Total calculated
    $75,316
    From this org
    $69,636
    From related orgs
    $0
    Other
    $5,680
    Hours/week
    35

  • Rev Lisa Marchal

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rev Colleen Ogle

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rev Mark Rupp

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • James Summers

    TREASURER

    Total calculated
    $103,080
    From this org
    $95,501
    From related orgs
    $0
    Other
    $7,579
    Hours/week
    40

  • Susan Kyser

    SECRETARY

    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. 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

  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 3 · Approval by the board or compensation committee

Answered no

  • 2 · Substantiation required before reimbursing expenses
  • 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)

PART I, LINE 1A
THE ORGANIZATION PROVIDES A HOUSING ALLOWANCE FOR THE CLERGY ON STAFF INCLUDING THE PRESIDENT OF THE SCHOOL, DR. JAY RUNDELL

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
8 May 2025
IRS schema version
2023v6.0
Source object
202531299349301108

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

The source document this was parsed from is served over the API, which is where bulk and document access live.