Phoenix Seminary Inc

Nonprofit profile at a glance

EIN
860711495
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Scottsdale, AZ, USA
Phone
6024294927
Rating
77
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Graduate, Professional Schools (Separate Entities)
Affiliation
Christianity

Official website

Reported finances

Revenue
$5,558,288
Expenses
$6,554,124
Assets
$3,060,580
Liabilities
$287,648

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • DAVID HOGG (PRESIDENT)

Highest reported compensation

  • DAVID HOGG (PRESIDENT): $241,894 total reported compensation
  • JONATHAN HANKIN (VP OF OPERATIONS): $149,805 total reported compensation
  • MATTHEW BINGHAM (VP OF ACADEMIC AFFAIRS): $116,948 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Phoenix seminary's mission is to train men and women for christ-centered ministry for the building of healthy churches in phoenix and the world.

What it reported doing in 2024

Phoenix seminary is a protestant, evangelical seminary that exists to train men and women for christ-centered ministry for the building up of healthy churches in phoenix and the world. We equip students with the necessary tools to carry out their god-given calling in the traditional disciplines of seminary education. The seminary is a nationally recognized, graduate-level seminary. We provide our students with a wide and diverse range of opportunities to gain practical ministry experience. In fy2024 - 2025 we had 390 students enrolled and 37 students who graduated. Since opening, we have trained over 2,000 students, representing more than 35 evangelical denominations in 47 states and 20 countries. (cont'd on sch o).phoenix seminary is professionally accredited by the association of theological schools in the united states and canada and is regionally accredited by the higher learning commission. The master of arts in counseling is licensed by the Arizona state board for private post-secondary education.the seminary is sponsoring two conferences a year to help local churches understand the sacred truths of the faith more deeply through continuing education.

Operating model

Revenue model
Donor-supported. 64% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 71% for direct work, and 29% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 73
  • Transparency & Controls: 79
  • Accountability: 95
  • Sustainability: 20
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 85.4%; rating input score 85
  • Program expense ratio: 72.1%; rating input score 72
  • Fundraising efficiency: $5.54 raised per $1 spent on fundraising; rating input score 20; 20th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -17.9%; rating input score 8; 8th percentile among comparable filings
  • Total-asset coverage ratio: 0.47; rating input score 16; 16th percentile among comparable filings
  • Liabilities to assets ratio: 0.09; rating input score 60; 60th percentile among comparable filings
  • Officer compensation ratio: 8.2%; rating input score 36; 36th percentile among comparable filings

Growth

  • Program expense growth: 4% per year; rating input score 100; 34th percentile among comparable filings
  • Revenue growth: 3.5% per year; rating input score 100; 30th percentile among comparable filings
  • Asset growth: -1.3% per year; rating input score 0; 9th percentile among comparable filings

Details

  • Where the money goes: 85.4% of revenue deployed · 72.1% of spending went to programs
  • Governance: 7 of 7 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $4.7M in reported program spending
  • Leadership: top reported pay $242K · 11 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 38 of 38 current checks pass
  • Schedules: 10 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 15 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Fundraising efficiency scored 20/100.
  • High — Sustainability: Operating margin scored 8/100.
  • High — Sustainability: Total-asset coverage ratio scored 16/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • Moderate — Sustainability: Officer compensation ratio scored 36/100.