On 28 January 1999 Pope John Paul II approved a revised set of statutes for this academy, writing that "The principal mission of theology today consists in promoting dialogue between Revelation and the doctrine of the faith, and in offering an ever deeper understanding of it.
"[3] Those statutes charge the academy with promoting theological studies and dialogue with philosophical disciplines.
It is led by a president and a secretary appointed by the pope to five-year terms, renewable upon the advice of the academy without limitation.
The members choose four of their number to serve with the secretary on a council to govern the academy and it convenes at least annually.
The academy reports its activities to the Pontifical Council for Culture and works in concert with the Congregation for Catholic Education.