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NEW YORK THEOLOGICAL SEMINARY

NEW YORK, NY · EIN 131628150 · Form 990 · FY2020 · Medium ($1M-$10M) · nyts.edu
revenue
$4.4M
expenses
$4.3M
net assets
$1.2M
employees
0
program ratio
69%
mission · from form 990

NEW YORK THEOLOGICAL SEMINARY IS A DIVERSE AND INCLUSIVE COMMUNITY OF LEARNING, GROUNDED IN BIBLICAL WITNESS AND CHRISTIAN TRADITION, WITH A HISTORIC URBAN FOCUS.

profile · synthesized from sources

New York Theological Seminary, founded in 1900, was a theological institution providing graduate-level religious education with a focus on urban ministry. It offered degree and certificate programs in Christian ministry, including a Doctor of Ministry and a Certificate in Christian Ministry, serving clergy and laity. The seminary closed permanently on July 1, 2024, with Union Theological Seminary assuming custody of its academic records.

irs program accomplishments · form 990 part iii · fy2020

What they reported doing

  1. #1 primary $241K
    THE DOCTOR OF MINISTRY (DMIN) IS THE HIGHEST RECOGNIZED PROFESSIONAL DEGREE IN THE UNITED STATES IN THE FIELD OF MINISTRY. NYTS CONTINUES TO OFFER THE DMIN. IN BOTH RESIDENTIAL AND INTENSIVE FORMATS, WITH SEVERAL TRACKS (CONGREGATIONAL MINISTRIES, PASTORAL CARE, MULTIFAITH MINISTRY,LEADERSHIP) IN ENGLISH AND KOREAN (NYTS IS APPROVED TO OFFER THE DEGREE IN HISPANIC MINISTRIES, BUT NO SPANISH LANGUAGE GROUP FORMED THIS PAST YEAR).
  2. #2 $395K
    THE CERTIFICATE IN CHRISTIAN MINISTRY PROGRAM (CP), A NON-ACCREDITED PROGRAM FOR MINISTRY STUDIES, IS THE THIRD LARGEST SOURCE OF INCOME IN THE FORM OF TUITION AND FEES. THE CP IS NOW OPERATION IN SIXTEEN CHURCHES. THE PROGRAM IS DESIGNED TO MEET THE EDUCATIONAL NEEDS OFCLERGY WHO ARE SERVING CHURCHES THAT DO NOT REQUIRE THE MDIV FOR ORDINATION AND OF LAITY WHO SERVE IN VARIOUS CAPACITIES WITHIN THE CHURCH. THE CP IS DESIGNED TO BE COMPLETED IN TWO YEARS. SEVERAL COLLEGES IN THE NY AREA RECOGNIZE IT FOR CREDIT, ALLOWING THE NYTS CP TO BE A FEEDER INTO COLLEGE DEGREE PROGRAMS. CLASSES COVER THE BASIC AREAS OF MINISTRY STUDIES, INCLUDING BIBLE, THEOLOGY, HISTORY, ETHICS, AND THE ARTS OF MINISTRY. FACULTY IS ENTIRELY ADJUNCT AND MOST ARE DRAWN FROM THE RANKS OF THE SEMINARY'S GRADUATE.
named programs · 2 · from sources

What they call their work

Certificate in Christian Ministry (CP)
Non-accredited two-year program for clergy and laity, offered in sixteen churches, covering Bible, theology, history, ethics, and ministry arts; serves as a feeder to college degree programs
Doctor of Ministry (DMin)
Professional doctoral program offered in residential and intensive formats with tracks in Congregational Ministries, Pastoral Care, Multifaith Ministry, and Leadership, taught in English and Korean
activities · 2 groups

What they do

  • Christian Leadership & Discipleship Training 3 activities
    • Enabling academic credit transfer for certificate holders
      Provides transferable credit through its Certificate in Christian Ministry program, allowing graduates to enroll in degree programs at multiple colleges in the New York area.
    • Offering graduate theological education programs
      Offers a Doctor of Ministry (DMin) degree in residential and intensive formats with specialized tracks in congregational ministries, pastoral care, multifaith ministry, and leadership, delivered in English and Korean.
    • Operating the Certificate in Christian Ministry program
      Operates a two-year Certificate in Christian Ministry program hosted across sixteen churches, serving clergy and laypeople in church-based roles.
  • Student Support and Academic Services 1 activity
    • Preserving and providing access to academic records
      Serves as custodian of academic records for New York Theological Seminary following its closure and provides access to transcripts for former students.
financials · form 990 · fy2020
revenue
Total revenue$4.44M
Contributions & grants$2.59M58%
Program service revenue$1.71M39%
Investment income$82K2%
Other revenue$58K
expenses
Total expenses$4.30M
Program expenses69%
Admin / overhead27%
Fundraising4%
Salaries & benefits$2.48M
Grants paid out$527K
Largest expense lineCompensation
balance sheet
Total assets$2.38M
Cash$586K
Investments$1.48M
Liabilities$1.18M
Net assets$1.19M
Liquid reserves5.8 mo
2 years on record · 2019–2020 · YoY revenue +8.6%
leadership · form 990 part vii · fy2020

Who runs it

paid leadership · 4
NameTitleHours/wkCompensation
LAKEESHA N WALROND PRESIDENT 50 $169K
CRAIG KING CONTROLLER 50 $105K
LENIER THOMAS VP OF DEV & INSTITUTIONAL 50 $84K
TAMARA HENRY ACADEMIC DEAN & VP OF ACAD 50 $71K
board members · 13
  • DAVID VIDAL — BOARD MEMBER
  • ED TOWNS — BOARD MEMBER
  • JEFF BOYCE — BOARD MEMBER
  • KARIM HUTSON — BOARD MEMBER
  • KENNETH MORRISON — BOARD MEMBER
  • LAURA PIRES-HESTER — BOARD MEMBER
  • LAWRENCE HAMMOND — BOARD CHAIR
  • NADJA FIDELIA — BOARD MEMBER
  • QUAY WATKINS — BOARD MEMBER
  • SHARON DAVISON — VICE CHAIR
  • SUSAN REED — BOARD MEMBER
  • WILLA ROSE JOHNSON — BOARD MEMBER
  • WILLIAM WEISENBACH — BOARD MEMBER
relationships · 3

Who they work with

  • Several colleges in the NY area Partner — Recognize the Certificate in Christian Ministry program for credit, enabling student transfer into their degree programs.
  • Union Theological Seminary Government — Custodian of NYTS records following NYTS's closure.
  • Union Theological Seminary Partner — Acts as custodian of academic records for New York Theological Seminary following its closure.
strategies · 2

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Alumni-Led Adjunct Instruction
    methodology: alumni_led_instruction
    By employing adjunct faculty primarily composed of the seminary’s own graduates, the institution reinforces continuity of theological tradition and practical ministry training, because lived experience and institutional alignment enhance pedagogical relevance and mentorship for current students.
  • Church-Based Theological Education
    methodology: church-based_theological_education
    By delivering ministry education directly within local churches, the seminary increases accessibility for clergy and laypeople who do not pursue a Master of Divinity, because embedding education in familiar, local faith communities reduces barriers to participation and aligns with practical ministry contexts.