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Evangelical Theological Society

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$913k (2023)

Expenses
$842k (2023)

Total Assets
$914k (2023)

Total Liabilities
$11.8k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Sept.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$913,080
Expenses
$842,497
Net Income
$70,583
Net Assets
$902,657
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $910,280
99.7%
Investment Income $579
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,221
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $112,323
13.3%
Professional Fundraising Fees $0
Other Salaries and Wages $45,613
5.4%
Assets/Debt
Total Assets $914,453
Total Liabilities $11,796
Net Assets $902,657
Compensation
Key Employees and Officers Compensation Related Other
Ken Magnuson (Executive Director) $91,356 $0 $11,284
Timothy George (President Elect (Part Year); President) $3,000 $0 $0
Don Carson (President (Part Year); Board Member) $2,000 $0 $0
Craig Blomberg (Vice President) $0 $0 $0
Karen Jobes (President Elect, Program Chair) $0 $0 $0
Craig Keener (Board Member) $0 $0 $0
David Dockery (Board Member (Part Year)) $0 $0 $0
Mike Kruger (Board Member) $0 $0 $0
R Albert Mohler (Board Member) $0 $0 $0
Gregg Allison (Secretary, Editorial Services) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$797,099
Expenses
$714,112
Net Income
$82,987
Net Assets
$832,074
Notable Sources of Revenue Percent of Total Revenue
Contributions $40
0.0%
Program Services $794,197
99.6%
Investment Income $2,757
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $105
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $106,869
15.0%
Professional Fundraising Fees $0
Other Salaries and Wages $40,050
5.6%
Assets/Debt
Total Assets $902,974
Total Liabilities $70,900
Net Assets $832,074
Compensation
Key Employees and Officers Compensation Related Other
Ken Magnuson (Executive Director) $90,160 $0 $8,987
Gregg Allison (Secretary) $3,550 $0 $0
Don Carson (President) $3,000 $0 $0
Timothy George (President Elect) $0 $0 $0
Karen Jobes (Vice President) $0 $0 $0
R Albert Mohler (Board Member) $0 $0 $0
Mike Kruger (Board Member) $0 $0 $0
David Dockery (Board Member) $0 $0 $0
Craig Keener (Board Member) $0 $0 $0
Sam Storms (Board Member (Part Year)) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$677,451
Expenses
$412,765
Net Income
$264,686
Net Assets
$866,760
Notable Sources of Revenue Percent of Total Revenue
Contributions $28,873
4.3%
Program Services $635,984
93.9%
Investment Income $10,805
1.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,789
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $104,586
25.3%
Professional Fundraising Fees $0
Other Salaries and Wages $56,837
13.8%
Assets/Debt
Total Assets $882,641
Total Liabilities $15,881
Net Assets $866,760
Compensation
Key Employees and Officers Compensation Related Other
Ken Magnuson Start June 2020 (Executive Director) $47,385 $0 $2,366
Craig Keener Board Member ((2021); President (2020)) $5,000 $0 $0
Gregg Allison (Secretary; Editorial Services) $3,550 $0 $0
R Albert Mohler President ((2021); President Elect (2020)) $0 $0 $0
Da Carson President Elect ((2021); Vice President (2020)) $0 $0 $0
Timothy George (Vice President (2021)) $0 $0 $0
Mike Kruger (Board Member) $0 $0 $0
David Dockery (Board Member) $0 $0 $0
Sam Storms (Board Member) $0 $0 $0
Dan Wallace (Board Member (Part Year)) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$550,137
Expenses
$704,842
Net Income
-$154,705
Net Assets
$546,478
Notable Sources of Revenue Percent of Total Revenue
Contributions $546,266
99.3%
Program Services $0
Investment Income $3,871
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $69,510
9.9%
Professional Fundraising Fees $0
Other Salaries and Wages $75,365
10.7%
Assets/Debt
Total Assets $704,084
Total Liabilities $157,606
Net Assets $546,478
Compensation
Key Employees and Officers Compensation Related Other
Michael Thigpen (Executive Director) $69,510 $0 $0
Robert W Yarbrough (Board Member) $0 $0 $0
Thomas R Schreiner (Board Member) $0 $0 $0
Scott B Rae (Board Member) $0 $0 $0
Daniel B Wallace (Board Member) $0 $0 $0
Sam Storms (Board Member) $0 $0 $0
David S Dockery (President & Program Chair) $0 $0 $0
Michael Kruger (Vice President) $0 $0 $0
Gregg R Allison (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$740,811
Expenses
$885,378
Net Income
-$144,567
Net Assets
$701,183
Notable Sources of Revenue Percent of Total Revenue
Contributions $740,811
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $55,827
6.3%
Professional Fundraising Fees $0
Other Salaries and Wages $107,255
12.1%
Assets/Debt
Total Assets $773,658
Total Liabilities $72,475
Net Assets $701,183
Compensation
Key Employees and Officers Compensation Related Other
Michael Thigpen (Executive Director) $55,827 $0 $0
Robert W Yarbrough (Board Member) $0 $0 $0
Thomas R Schreiner (Board Member) $0 $0 $0
Scott B Rae (Board Member) $0 $0 $0
Daniel B Wallace (Board Member) $0 $0 $0
Sam Storms (Board Member) $0 $0 $0
David S Dockery (President & Program Chair) $0 $0 $0
Michael Kruger (Vice President) $0 $0 $0
Gregg R Allison (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$588,759
Expenses
$734,047
Net Income
-$145,288
Net Assets
$845,673
Notable Sources of Revenue Percent of Total Revenue
Contributions $588,091
99.9%
Program Services $0
Investment Income $668
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $79,860
10.9%
Professional Fundraising Fees $0
Other Salaries and Wages $120,623
16.4%
Assets/Debt
Total Assets $862,224
Total Liabilities $16,551
Net Assets $845,673

Document Links

Fiscal Year Ending Sept.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$638,054
Expenses
$704,139
Net Income
-$66,085
Net Assets
$991,053
Notable Sources of Revenue Percent of Total Revenue
Contributions $117,756
18.5%
Program Services $519,706
81.5%
Investment Income $592
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $86,587
12.3%
Professional Fundraising Fees $0
Other Salaries and Wages $50,045
7.1%
Assets/Debt
Total Assets $1,007,201
Total Liabilities $16,148
Net Assets $991,053

Document Links

Fiscal Year Ending Sept.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$606,386
Expenses
$625,259
Net Income
-$18,873
Net Assets
$1,057,138
Notable Sources of Revenue Percent of Total Revenue
Contributions $133,406
22.0%
Program Services $472,296
77.9%
Investment Income $684
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $80,417
12.9%
Professional Fundraising Fees $0
Other Salaries and Wages $38,371
6.1%
Assets/Debt
Total Assets $1,074,934
Total Liabilities $17,796
Net Assets $1,057,138

Document Links

Fiscal Year Ending Sept.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$626,474
Expenses
$515,931
Net Income
$110,543
Net Assets
$1,076,011
Notable Sources of Revenue Percent of Total Revenue
Contributions $168,152
26.8%
Program Services $455,857
72.8%
Investment Income $2,465
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $79,209
15.4%
Professional Fundraising Fees $0
Other Salaries and Wages $42,146
8.2%
Assets/Debt
Total Assets $1,090,258
Total Liabilities $14,247
Net Assets $1,076,011

Document Links

Fiscal Year Ending Sept.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$580,251
Expenses
$594,411
Net Income
-$14,160
Net Assets
$965,468
Notable Sources of Revenue Percent of Total Revenue
Contributions $150,406
25.9%
Program Services $420,335
72.4%
Investment Income $9,510
1.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $74,171
12.5%
Professional Fundraising Fees $0
Other Salaries and Wages $35,307
5.9%
Assets/Debt
Total Assets $991,182
Total Liabilities $25,714
Net Assets $965,468

Document Links

Fiscal Year Ending Sept.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$496,976
Expenses
$467,848
Net Income
$29,128
Net Assets
$979,628
Notable Sources of Revenue Percent of Total Revenue
Contributions $145,699
29.3%
Program Services $342,018
68.8%
Investment Income $9,259
1.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $71,601
15.3%
Professional Fundraising Fees $0
Other Salaries and Wages $25,002
5.3%
Assets/Debt
Total Assets $993,194
Total Liabilities $13,566
Net Assets $979,628

Document Links

Fiscal Year Ending Sept.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$489,725
Expenses
$443,849
Net Income
$45,876
Net Assets
$950,500
Notable Sources of Revenue Percent of Total Revenue
Contributions $136,552
27.9%
Program Services $342,455
69.9%
Investment Income $10,718
2.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $69,039
15.6%
Professional Fundraising Fees $0
Other Salaries and Wages $21,123
4.8%
Assets/Debt
Total Assets $957,987
Total Liabilities $7,487
Net Assets $950,500

Document Links

Fiscal Year Ending Sept.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$438,124
Expenses
$393,726
Net Income
$44,398
Net Assets
$904,624
Notable Sources of Revenue Percent of Total Revenue
Contributions $105,831
24.2%
Program Services $322,976
73.7%
Investment Income $9,317
2.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $68,418
17.4%
Professional Fundraising Fees $0
Other Salaries and Wages $15,719
4.0%
Assets/Debt
Total Assets $912,184
Total Liabilities $7,560
Net Assets $904,624

Document Links

Fiscal Year Ending Sept.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Sept.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Sept.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Sept.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Sept.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Sept.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Sept.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Sept.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Sept.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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