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Filing year 2024

CENTRAL BAPTIST THEOLOGICAL SEMINARY

Plymouth, Minnesota·EIN 41-0789397·501(c)(3)
Total revenue
$1.6M
Total assets
$6.2M
Total expenses
$1.7M
Reported officers
23
Mission

The mission of Central Baptist Theological Seminary is to assist New Testament churches in equipping spiritual leaders for Christ-exalting biblical ministry.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 2 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Treasurer
Officer (Unspecified)
$9k
$10k
Base
$10k
Bonus
Other
Benefits
$9k
President
Below 10th percentile
$9k
$9k
Base
$7k
Bonus
Other
Benefits
$9k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 21 unpaid individuals.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Up 4%
from 2022

From $37k in 2022 to $38k in 2023.

$37k
2022
$38k
2023
In today's dollarsEst.
Up 2% in real terms$41k to $42k

Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay fell 40% from 2022 to 2024, while revenue fell 41%.

$15k in 2022 to $9k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

CENTRAL BAPTIST THEOLOGICAL SEMINARY reported revenue and expenses across 3 filing years.

RevenueExpenses
$2.6M
$1.6M
2022
$1.3M
$1.5M
2023
$1.6M
$1.7M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about CENTRAL BAPTIST THEOLOGICAL SEMINARY

What does the Chief Executive Officer of CENTRAL BAPTIST THEOLOGICAL SEMINARY earn?

In 2024, the Chief Executive Officer of CENTRAL BAPTIST THEOLOGICAL SEMINARY received $8,750 in total compensation. This pay is in the bottom 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report more. Based on IRS Form 990 data.

How does Chief Executive Officer pay at CENTRAL BAPTIST THEOLOGICAL SEMINARY compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at CENTRAL BAPTIST THEOLOGICAL SEMINARY falls in the bottom 10%.

What are CENTRAL BAPTIST THEOLOGICAL SEMINARY's revenue and expenses?

In 2024, CENTRAL BAPTIST THEOLOGICAL SEMINARY reported $1.6M in total revenue and $1.7M in total expenses on its IRS Form 990.

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