SVS offers the MDiv, MA, and ThM degrees and has been an accredited member of the Association of Theological Schools in the United States and Canada (ATS) since 1973.
The seminary's Board of Trustees is independent, experienced, and diverse. Its membership, drawn from the various Orthodox jurisdictions that the Seminary serves, includes clergy and laity distinguished by their achievements in such fields as finance, business, media, law, medicine, and education. In addition to participating in regular meetings of the full Board, trustees express their commitment to the Seminary and its mission through service on various Board committees, thus enabling the Board to govern more effectively.
The Board of Trustees oversees the integrity of the Seminary's financial statements and emphasizes financial accountability. For many years the Seminary has hired an external auditing firm that releases public financial statements.