Where is dallas theological seminary located? About DTS: Dallas Theological Seminary is a non-denominational evangelical seminary founded in 1924. Located just outside of downtown Dallas, DTS is home to almost 2500 graduate students and offers over 14 different graduate degrees and programs.Who is dallas seminarys next president? Murchison continued, “The board is thrilled that Mark Yarbrough will be the next president of Dallas Theological Seminary.What is the history of dts college of theology? DTS was founded as Evangelical Theological College in 1924 by Rollin T. Chafer and his brother, Lewis Sperry Chafer, who taught the first class of thirteen students, and William Henry Griffith Thomas, who was to have been the school's first theology professor but died before the first classes began.