Skip to content
Nonprofiteer
← WESTMINSTER THEOLOGICAL SEMINARY

Form 990 for tax year 2023

Filed by WESTMINSTER THEOLOGICAL SEMINARY.

Totals

Total revenue
$33,630,824
Total expenses
$26,141,092
Contributions and grants received
$16,026,218
Grants paid
$3,824,473
Program service revenue
$16,068,988
Investment income
$1,503,926
Other revenue
$31,692
Total assets, end of year
$72,198,961
Total liabilities, end of year
$8,593,062
Net assets or fund balances, end of year
$63,605,899
Program services expenses (Part IX)
$19,558,359
Management and general expenses
$3,705,510
Fundraising expenses
$2,877,223
Program service expenses (Part III)
$19,558,359

Program services were 74.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • John Weiser

    Board Chairman

    Total calculated
    $0
    Hours/week
    5

  • M Douglas Hart

    Board Vice Chairman

    Total calculated
    $0
    Hours/week
    5

  • Tom Conway

    Interim Board Treasurer (part year), Trustee

    Total calculated
    $0
    Hours/week
    5

  • William Langford

    Treasurer

    Total calculated
    $0
    Hours/week
    5

  • Gabriel NE Fluhrer

    Trustee

    Total calculated
    $0
    Hours/week
    5

  • Gregory A Poland

    Trustee

    Total calculated
    $0
    Hours/week
    5

  • Hugh Jacks

    Trustee (part year)

    Total calculated
    $0
    Hours/week
    5

  • John Maynard

    Trustee

    Total calculated
    $0
    Hours/week
    5

  • Juan Carlos Martinez

    Trustee

    Total calculated
    $0
    Hours/week
    5

  • Larry Puls

    Trustee

    Total calculated
    $0
    Hours/week
    5

  • Mark Sallade

    Trustee

    Total calculated
    $0
    Hours/week
    5

  • Richard B Gaffin III

    Trustee

    Total calculated
    $0
    Hours/week
    5

  • Richard Phillips

    Trustee

    Total calculated
    $0
    Hours/week
    5

  • Zachary Aills

    Trustee

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • Chun Lai

    Chief Operating Officer

    Total calculated
    $197,293
    From this org
    $168,101
    From related orgs
    $0
    Other
    $29,192
    Hours/week
    45 + 1 related

    Schedule J breakdown matched by us

    Base
    $144,188
    Bonus
    $23,428
    Other
    $485
    Deferred
    $10,369
    Nontaxable benefits
    $18,823
    Filer's total
    $197,293

  • David Garner

    Chief Academic Officer

    Total calculated
    $216,857
    From this org
    $125,827
    From related orgs
    $0
    Other
    $91,030
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $98,874
    Bonus
    $25,250
    Other
    $1,703
    Deferred
    $23,216
    Nontaxable benefits
    $67,814
    Filer's total
    $216,857

  • James Sweet

    VP & Dir of Special Projects

    Total calculated
    $70,453
    From this org
    $65,277
    From related orgs
    $0
    Other
    $5,176
    Hours/week
    13

  • Jerry Timmis

    VP of Stewardship

    Total calculated
    $220,901
    From this org
    $194,353
    From related orgs
    $0
    Other
    $26,548
    Hours/week
    45 + 1 related

    Schedule J breakdown matched by us

    Base
    $144,937
    Bonus
    $48,223
    Other
    $1,193
    Deferred
    $12,119
    Nontaxable benefits
    $14,429
    Filer's total
    $220,901

  • Pau Ping Sze To

    Director of Finance

    Total calculated
    $133,391
    From this org
    $117,250
    From related orgs
    $0
    Other
    $16,141
    Hours/week
    45

  • Peter Lillback

    President

    Total calculated
    $252,511
    From this org
    $154,339
    From related orgs
    $0
    Other
    $98,172
    Hours/week
    45 + 1 related

    Schedule J breakdown matched by us

    Base
    $117,464
    Bonus
    $25,000
    Other
    $11,875
    Deferred
    $13,359
    Nontaxable benefits
    $84,813
    Filer's total
    $252,511

  • Steve Carter

    Chief of Staff/Company Secretary

    Total calculated
    $152,542
    From this org
    $141,488
    From related orgs
    $0
    Other
    $11,054
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $124,644
    Bonus
    $9,289
    Other
    $7,555
    Deferred
    $8,750
    Nontaxable benefits
    $2,304
    Filer's total
    $152,542

  • Andrew Schwartz

    Sr Director of Stewardship

    Total calculated
    $147,190
    From this org
    $120,703
    From related orgs
    $0
    Other
    $26,487
    Hours/week
    45

  • Brandon Crowe

    Prof of New Testament

    Total calculated
    $145,837
    From this org
    $120,692
    From related orgs
    $0
    Other
    $25,145
    Hours/week
    45

  • Jonathan Brack

    Sr Director of Enrollment

    Total calculated
    $171,349
    From this org
    $140,990
    From related orgs
    $0
    Other
    $30,359
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $127,835
    Bonus
    $12,651
    Other
    $504
    Deferred
    $9,975
    Nontaxable benefits
    $20,384
    Filer's total
    $171,349

  • Nathan Shannon

    Assoc Dir of Global Curriculum

    Total calculated
    $146,762
    From this org
    $123,408
    From related orgs
    $0
    Other
    $23,354
    Hours/week
    45

  • Yohan Kim

    Sr Director of Online Learning

    Total calculated
    $173,876
    From this org
    $142,715
    From related orgs
    $0
    Other
    $31,161
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $122,511
    Bonus
    $20,000
    Other
    $204
    Deferred
    $10,500
    Nontaxable benefits
    $20,661
    Filer's total
    $173,876

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 · Discretionary spending account
  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Discretionary spending account
President Peter Lillback has a discretionary account used for projects not anticipated during budgeting. These funds are used solely for Seminary initiatives and documentation to support business use of the funds is provided according to the accountable plan rules.
Schedule J, Part I, Line 1a Housing allowance or residence for personal use
Pursuant to Internal Revenue Code Section 107, ministerial housing allowances are provided for qualifying ministerial employees. This is not included in taxable compensation. Peter Lillback, President, and David Garner, Chief Academic Officer met the qualifications for and received a ministerial housing allowance during the tax year.
Schedule J, Part I, Line 7 Non-fixed payments
The board approved nonfixed payments made in the form of discretionary bonuses.

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.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • Upholding the Truth LLC

    To address cultural issues in a Biblical fashion · PA · income $48,100 · assets $151,874

    Directly controlled by Westminster Theological Seminary

  • The Ethics of Profits LLC

    Study & disseminate scholarly research on the ethical nature of capitalism · PA · income $0 · assets $0

    Directly controlled by Upholding the Truth LLC

  • Westminster Seminary Press LLC

    Publication of new and classic Reformed Christian books · PA · income $395,047 · assets $310,583

    Directly controlled by Westminster Theological Seminary

  • Westminster Bookstore

    Marketing and distributing Christian literature · PA · income $4,631,446 · assets $1,144,130

    Directly controlled by Westminster Theological Seminary

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Charitable Remainder Unitrust (2)

    Trust · Charitable Remainder Unitrust · PA · controlled entity

    Directly controlled by WTS

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202521359349304442

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.