Posts published in “SBC”

Troubled financial outlook at Southwestern Seminary prompts budget cuts, advances evaluation of ‘campus footprint’

BOARD MEETING — David Dockery (standing), interim president of Southwestern Seminary in Ft. Worth, addresses trustees during their Oct. 18 meeting on the Southern Baptist school’s Ft. Worth campus. (Photo credit: Southwestern Seminary)

Troubled financial outlook at Southwestern Seminary prompts budget cuts, advances evaluation of ‘campus footprint’

October 19, 2022

FORT WORTH (BP and local reports) – Southern Baptists’ Southwestern Seminary in Ft. Worth is “not in a crisis,” but financial challenges “could quickly escalate…

Pastors express concern over effects of nation’s economy

Pastors express concern over effects of nation’s economy

October 12, 2022

Miss. Baptist volunteers mobilizing, heading to Florida

HURRICANE IAN — Remnants of Hurricane Ian move across the eastern U.S., as of the morning of Oct. 4. (Satellite imagery credit: NOAA)

Miss. Baptist volunteers mobilizing, heading to Florida

October 5, 2022

MBDR preps for Hurricane Ian response

MBDR preps for Hurricane Ian response

September 28, 2022

Jackson water crisis subsides; Ian lumbers toward Florida

CASE BY CASE — Hubert Yates (center), disaster relief director for the Mississippi Baptist Convention Board, processes cases of bottled water unloaded from a tractor-trailer rig by Charles Barron (left), member of Mt. Zion Church, Florence, as Dennis Lofton, member of West Carthage Church, Carthage, assists. (Photo credit: William Perkins)

Jackson water crisis subsides; Ian lumbers toward Florida

September 26, 2022

Southwestern Seminary's
full accreditation restored
FORT WORTH — Southwestern Baptist Theological Seminary “is now in full compliance with all accreditation expectations” of the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC) following action by the SACSCOC board on June 11, President David S. Dockery announced in a letter today to the seminary community. The action comes after an April site visit to the seminary resulted in a recommendation to remove the sanctions, which were initially put in place in June 2023 with a “warning” status. “Southwestern Seminary is no longer on probation for good cause but is in full adherence with SACSCOC accreditation standards,” Dockery said. “We are genuinely grateful to God to receive this good and encouraging report that all sanctions have been removed, which is an answer to the prayers of many.” Dockery cited six “markers of institutional stability and health,” affirmed by SACSCOC to demonstrate the seminary’s progress: institutional culture embracing of its mission, identity, heritage, and core values; improvements in enrollment, credit hours taught, and increases in tuition revenue; decreased expenses and increased unrestricted revenue resulting a $10 million turnaround; improvement of $40 million in net assets; cash reserves and cash equivalents reaching 50 percent of the annual budget; and dramatic improvements in the institution’s Composite Financial Index, Composite Score Ratio, and bank covenant ratios, objective measures compiled by outside organizations.