Seminario Evangelico de Teologia was established in the city of Matanzas in 1946 as an ecumenical training center. It is governed by a Board of Directors elected from the three establishing denominations - the Cuban Methodist, Episcopal, and Presbyterian Churches. Representatives from the faculty and administration also serve as members of the board.
The seminary provides high-level theological eduscation to prepare students for full-time ministry in churches and other Christian service endeavors throughout Cuba and elsewhere. Students representing more than a dozen Protestant denominations have completed studies at Matanzas Seminary.
As of 2002, the annual operating budget for Matanzas Seminary was $100,000, with the largest expenses taking the form of transportation fuel and food/groceries to feed students, their families, and visiting groups. Professors are paid an average of $20 (U.S.) per month.
