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Filing year 2024

Covenant Baptist Theological Seminary Inc

Owensboro, Kentucky·EIN 84-1978807·NTEE B50 · Education·501(c)(3)
Total revenue
$1.3M
Total assets
$742k
Total expenses
$1.2M
Reported officers
16

Executive compensation

Form 990 · Part VII & Schedule J · 10 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Education organizations in Kentucky.

President
25th percentile to median
$86k
$92k
Secretary
Secretary (Operational)
Median to 75th percentilevs Education peers nationwide
$85k
$91k
Treasurer
25th percentile to medianvs Education peers nationwide
$79k
$84k
Vice President
10th to 25th percentilevs Education peers nationwide
$25k
$27k
Director
Board Member
10th to 25th percentile
$10k
$11k
Board Secretary
25th percentile to medianvs Education peers nationwide
$3k
$3k
Director
Board Member
Below 10th percentile
$2k
$2k
Chairman
Board Chair
Below 10th percentilevs Education peers nationwide
$1k
$1k
Director
Board Member
Below 10th percentile
$1k
$1k
Director
Board Member
Below 10th percentile
$1k
$1k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 6 unpaid individuals.

Browse compensation in Education

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at Covenant Baptist Theological Seminary Inc equaled 7% of the organization's total expenses. The median for education organizations is 7%.

This organization (2024)
7%
Sector median
7%
Middle half of sector
2% to 17%

Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.

Up 5%
from 2023

From $83k in 2023 to $86k in 2024.

$83k
2023
$86k
2024
In today's dollarsEst.
Up 2% in real terms$90k to $92k

Estimated with BLS CPI-U for the South region, 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 rose 5% from 2023 to 2024, while revenue rose 32%.

$83k in 2023 to $86k in 2024.
  • Secretary (Operational) pay rose 7% from 2023 to 2024.
  • Chief Financial Officer pay rose 26% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

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

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about Covenant Baptist Theological Seminary Inc

What does the Chief Executive Officer of Covenant Baptist Theological Seminary Inc earn?

In 2024, the Chief Executive Officer of Covenant Baptist Theological Seminary Inc received $86,380 in total compensation. This pay is below the median (the midpoint) for Chief Executive Officer roles among Education organizations in Kentucky, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at Covenant Baptist Theological Seminary Inc compare with similar nonprofits?

Compared with the same role at Education organizations in Kentucky, the 2024 pay of the Chief Executive Officer at Covenant Baptist Theological Seminary Inc falls between the 25th percentile and the median. In 2024, the highest total compensation at Covenant Baptist Theological Seminary Inc equaled 7% of the organization's total expenses. The median for education organizations is 7%.

What are Covenant Baptist Theological Seminary Inc's revenue and expenses?

In 2024, Covenant Baptist Theological Seminary Inc reported $1.3M in total revenue and $1.2M in total expenses on its IRS Form 990.

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