Private company

McCormick Theological Seminary

Logo: mccormick.edu4

Presbyterian seminary located in Chicago

McCormick Theological Seminary is a private Presbyterian seminary in Chicago, Illinois. As of 2023, it shares a campus with the Lutheran School of Theology at Chicago and Catholic Theological Union, in the Hyde Park neighborhood of Chicago. A letter of intent was signed on May 5, 2022, to sell the formerly shared campus with the Lutheran School of Theology at Chicago to the University of Chicago.2 It employed 76 people in 2020.1 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1829Founded1
  • Industryhigher education1
  • HeadquartersChicago, United States1
  • Websitewww.mccormick.edu
  • Legal formCORPORATION3
  • LEI549300XG4GTFJHZGC2243
  • StatusInactive3
  • LEI statusRetired3
  • Registered addressC/O David H Crawford, 60615 Chicago, United States3
Virginia Library -- Mccormick Theological Seminary -- Chicago (NBY 414883)
Photo: Unknown author Unknown author, Public domain, via Wikimedia Commons6

McCormick Theological Seminary is a private Presbyterian seminary in Chicago, Illinois.2

The story

Hanover Seminary was established in 1829 as a preparatory school in Hanover, Indiana, for prospective ministers in the Presbyterian Church in the U.S.A., hoping to serve on the western frontier of the expanding United States. After about ten years, the seminary moved a short distance to New Albany, Indiana, where it became the New Albany Theological Seminary. When the western frontier boundary moved, the school also moved and opened in Chicago's present-day Lincoln Park neighborhood in 1859 where the school was first known as the Theological Seminary of the Northwest. In 1886, it was renamed in honor of American industrialist Cyrus McCormick (1809–1884), who had served as a member of the seminary's board of trustees.

In 1975, facing a dire financial situation and declining enrollment, McCormick sold the Lincoln Park campus to DePaul University and moved to the Hyde Park neighborhood in Chicago. This move divested the institution of infrastructure while reinforcing its commitment to urban ministry. Sharing facilities with the Lutheran School of Theology at Chicago (LSTC), McCormick began to help foster important ecumenical cooperation between the Presbyterian and Lutheran churches. In 2003 McCormick reinforced and recommitted itself to its ecumenical partnership with LSTC by building a new building on the LSTC campus.

From Wikipedia’s article on McCormick Theological Seminary, shared under CC BY-SA 4.0.5

Employees over time

  • 2020761

Timeline

  1. 1829Founded Founded1

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$925.0K 2020–2020
Money received by yearMoney received by year, 2020–2020: $925.0K in all. PPP loans $925.0K.$0$250K$500K$750K$1M2020 · PPP loans: $925.0K2020
Figures by year
YearPPP loansTotal
2020$925.0K$925.0K

PPP loans

Paycheck Protection Program loans of $150,000 and up, approved April 2020 to July 2021, from the SBA7. Matched to this company by name and state.

  1. Apr 30, 2020$925.0K PPP loan (first draw) from The Northern Trust Company7To MCCORMICK THEOLOGICAL SEMINARY, Chicago IL; $934.3K forgiven May 11, 2021