WESTMINSTER THEOLOGICAL SEMINARY Charity Report

Public IRS 990 nonprofit record

WESTMINSTER THEOLOGICAL SEMINARY

EIN 23-1352689 · Religion-Related (X)

What they do

THE FORMATION of MEN for THE GOSPEL MINISTRY AS PASTORS, EVANGELISTS, & TEACHERS WHO SHALL PROCLAIM THE WHOLE COUNSEL of GOD THROUGHOUT A CHANGING WORLD. THE THEOLOGICAL TRAINING of CHURCH OFFICERS AS STEWARDS of CHRIST, and THE COMMUNICATION of BIBLICAL STUDIES.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $76.10 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders27 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

71.16%of revenue went to mission work76.1% of expenses · Program services

9.27%of revenue went to fundraising9.9% of expenses

$93.47spent for every $100 of revenueRevenue covered expenses this year.

13.05%of revenue went to management and office costs14.0% of expenses

$2.60in assets for every $1 spent this yearSome assets cannot be spent right away.

40.0%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $240,279 for PETER LILLBACK (PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$32,134,115

Mission workProgram services$22,865,47071.16% of revenue76.1% of expenses

ManagementOffice and general costs$4,193,94813.05% of revenue14.0% of expenses

FundraisingAsking for donations$2,977,7549.27% of revenue9.9% of expenses

Revenue left after expensesReported annual surplus$2,096,9436.53% of revenueShown in gray on the chart

Total expenses$30,037,17293.47% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 76.1% mission · 14.0% management · 9.9% fundraisingTotal expenses: 93.47% of revenue

2023Expense mix: 74.8% mission · 14.2% management · 11.0% fundraisingTotal expenses: 77.73% of revenue

2022Expense mix: 72.5% mission · 16.2% management · 11.3% fundraisingTotal expenses: 87.77% of revenue

2021Expense mix: 71.0% mission · 18.9% management · 10.2% fundraisingTotal expenses: 79.69% of revenue

2020Expense mix: 70.4% mission · 21.1% management · 8.6% fundraisingTotal expenses: 77.96% of revenue

2019Expense mix: 74.3% mission · 17.8% management · 7.9% fundraisingTotal expenses: 91.80% of revenue

2018Expense mix: 74.3% mission · 17.4% management · 8.3% fundraisingTotal expenses: 89.60% of revenue

2017Expense mix: 75.2% mission · 17.9% management · 7.0% fundraisingTotal expenses: 105.99% of revenue

Money in and money out

Revenue$32,134,115

Expenses$30,037,172

Annual surplus $2,096,943 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$22,865,470 · 76.1% of expenses

Management and office costs$4,193,948 · 14.0% of expenses

Fundraising$2,977,754 · 9.9% of expenses

See all reported dollar amounts

Revenue$32,134,115

Expenses$30,037,172

Assets$77,992,810

Income$55,966,845

Contributions$12,839,061

Mission work (program services)$22,865,470

Fundraising$2,977,754

Management and general$4,193,948

Stocks and bonds$24,096,388

Accounting fees$68,158

Investing fees$63,358

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

PETER LILLBACKPRESIDENT · 45 hrs/week $240,279Base $165,655 · Other $74,624

JERRY TIMMISVP OF STEWARDSHIP · 45 hrs/week $219,176Base $190,371 · Other $28,805

DAVID GARNERCHIEF ACADEMIC OFFICER · 45 hrs/week $189,212Base $109,462 · Other $79,750

CHUN LAICHIEF OPERATING OFFICER · 45 hrs/week $181,300Base $150,924 · Other $30,376

YOHAN KIMSR DIRECTOR OF ONLINE LEARNING · 45 hrs/week $171,619Base $141,642 · Other $29,977

JONATHAN BRACKSR DIRECTOR OF ENROLLMENT · 45 hrs/week $170,673Base $144,695 · Other $25,978

ANDREW SCHWARTZSR DIRECTOR OF STEWARDSHIP · 45 hrs/week $157,139Base $127,829 · Other $29,310

PAU PING SZE TOSR DIRECTOR OF FINANCE · 45 hrs/week $147,579Base $129,808 · Other $17,771

STEVE CARTERCHIEF OF STAFF/COMPANY SECRETARY · 45 hrs/week $146,632Base $135,011 · Other $11,621

BRANDON CROWEPROF OF NEW TESTAMENT · 45 hrs/week $145,764Base $119,815 · Other $25,949

ELIZABETH TAWADROSSENIOR DIRECTOR OF STEWARDSHIP · 45 hrs/week $144,065Base $121,664 · Other $22,401

JAMES SWEETVP & DIR OF SPECIAL PROJECTS · 13 hrs/week $63,810Base $58,440 · Other $5,370

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (27)

PETER LILLBACKPRESIDENT

JERRY TIMMISVP OF STEWARDSHIP

DAVID GARNERCHIEF ACADEMIC OFFICER

CHUN LAICHIEF OPERATING OFFICER

YOHAN KIMSR DIRECTOR OF ONLINE LEARNING

JONATHAN BRACKSR DIRECTOR OF ENROLLMENT

ANDREW SCHWARTZSR DIRECTOR OF STEWARDSHIP

PAU PING SZE TOSR DIRECTOR OF FINANCE

STEVE CARTERCHIEF OF STAFF/COMPANY SECRETARY

BRANDON CROWEPROF OF NEW TESTAMENT

ELIZABETH TAWADROSSENIOR DIRECTOR OF STEWARDSHIP

JAMES SWEETVP & DIR OF SPECIAL PROJECTS

TOM CONWAYTRUSTEE

WILLIAM LANGFORDTREASURER

ROB PACIENZATRUSTEE

RICHARD B GAFFIN IIITRUSTEE

RICHARD PHILLIPSTRUSTEE

ZACHARY AILLSTRUSTEE

NOEL GREENBERGERTRUSTEE

MARK SALLADETRUSTEE

M DOUGLAS HARTBOARD VICE CHAIRMAN

LARRY PULSTRUSTEE (PART YEAR)

JUAN CARLOS MARTINEZTRUSTEE

JOHN WEISERBOARD CHAIRMAN

JOHN MAYNARDTRUSTEE

GREGORY A POLANDTRUSTEE

GABRIEL NE FLUHRERTRUSTEE

About this charity

Recognized since: January 1989
Location: 2960 W CHURCH ROAD, GLENSIDE, PA 19038
County: Montgomery
In care of: CHUN LAI
Primary officer: CHUN LAI, CHIEF OPERATING OFFICER

How to reach them

WebsiteVisit the charity’s website Emailcommunications@wts.edu Phone(215) 887-5511

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: CRI CAPIN CROUSE ADVISORS LLC
NTEE classification: Religion-Related (X)
IRS tax category: Religion-Related