2025-04-10T15:35:34+00:00 2024-05-31 440160260 Forvis Mazars LLP PO Box 3667 Little Rock AR 722033667 990 2023-06-01 640428676 Reformed Theological Seminary REFO 6019231600 4268 I-55 N JACKSON MS 39211 JESSICA SHORT CFO 6019231600 2025-04-10 true true Amber Sherrill P00748683 5013721040 2025-04-15 2023 2025-03-06 01:10:19Z J LIGON DUNCAN III 4268 I-55 N JACKSON MS 39211 59505337 false X RTS.EDU X 1964 MS TO PREPARE LEADERS FOR THE CHURCH WITH A MIND FOR TRUTH AND A HEART FOR GOD THROUGH A PROGRAM OF GRADUATE THEOLOGICAL EDUCATION. 20 19 366 20 590120 92359 11236072 14174563 13767199 13809580 4065326 3796780 2128658 1247058 31197255 33027981 5780944 5812977 0 0 13928054 14186596 0 95069 2660182 9762210 10052188 29471208 30146830 1726047 2881151 122160869 130756934 4653692 4130644 117507177 126626290 REFORMED THEOLOGICAL SEMINARY (RTS) EXISTS TO GLORIFY THE TRIUNE GOD AND TO SERVE HIS CHURCH IN ALL BRANCHES OF EVANGELICAL CHRISTIANITY, ESPECIALLY PRESBYTERIAN AND REFORMED CHURCHES, BY PROVIDING REFORMED GRADUATE THEOLOGICAL EDUCATION THAT IS GLOBALLY ACCESSIBLE. REFORMED THEOLOGICAL SEMINARY EQUIPS ITS STUDENTS FOR MINISTRY, PRIMARILY THROUGH PASTORAL TRAINING, TO BE SERVANT LEADERS MARKED BY A MIND FOR TRUTH. A HEART FOR GOD. false false 20210987 5812977 13925956 THE SEMINARY SERVES APPROXIMATELY 1,800 STUDENTS THROUGH CAMPUSES IN JACKSON, MS, ORLANDO, FL, CHARLOTTE, NC, METRO WASHINGTON, DC, ATLANTA, GA, HOUSTON, TX, DALLAS, TX, NEW YORK, NY, DISTANCE EDUCATION PROGRAMS, AND AN EXTENSION SITE IN SAO PAULO, BRAZIL. IN ADDITION, THE SEMINARY IS ENHANCING REFORMED THEOLOGY CURRICULUM WITH ORGANIZATIONS IN INDONESIA. STUDENTS AT RTS ARE ENROLLED IN THE FOLLOWING ACADEMIC DEGREE PROGRAMS: MASTER OF DIVINITY, MASTER OF ARTS (THEOLOGICAL STUDIES), MASTER OF ARTS (BIBLICAL STUDIES), MASTER OF ARTS (RELIGION), MASTER OF ARTS IN COUNSELING, MASTER OF ARTS IN CHRISTIAN COUNSELING, AND DOCTOR OF MINISTRY. 20210987 true true false false false false true false true true true false false true false false true true true true false true true true false false false true true false false false false false false true false true false false false true true true true false false true 1888 0 true 366 true true true false false false false false false false false false false false X 20 19 true false false false false false false true true false true true true true true true true true true true false CO DC KY AK MD MA MI NV NH NJ NY OH OK OR SC WA WI X JESSICA SHORT 6019231600 4268 I-55 N JACKSON MS 39211 LARRY W EDWARDS TREASURER 1.0 1.0 X X 0 0 0 RICHARD L RIDGWAY CHAIRMAN 1.0 1.0 X X 0 0 0 RODERICK S RUSS III SECRETARY 1.0 1.0 X X 0 0 0 WILLIAM M MOUNGER II VICE CHAIRMAN 1.0 1.0 X X 0 0 0 BENJAMIN W ROBERSON TRUSTEE 1.0 1.0 X 0 0 0 BF BRACY TRUSTEE 1.0 1.0 X 0 0 0 CHARLES L IRBY SR TRUSTEE 1.0 1.0 X 0 0 0 COLLIE W LEHN TRUSTEE 1.0 1.0 X 0 0 0 CRAIG C ROHDE TRUSTEE 1.0 1.0 X 0 0 0 DAVID H LUCAS TRUSTEE 1.0 1.0 X 0 0 0 GEORGE R FAIR TRUSTEE 1.0 1.0 X 0 0 0 HUGH M COMER TRUSTEE 1.0 1.0 X 0 0 0 J BYRON JOHNSON TRUSTEE 1.0 1.0 X 0 0 0 J SCOTT REDD SR TRUSTEE 1.0 1.0 X 0 0 0 PAUL HURST III TRUSTEE 1.0 1.0 X 0 0 0 ROBERT T CURTIS TRUSTEE 1.0 1.0 X 0 0 0 SCOTT MCLELLAN TRUSTEE 1.0 1.0 X 0 0 0 T DAVID ELKIN TRUSTEE 1.0 1.0 X 0 0 0 V HU MEENA TRUSTEE 1.0 1.0 X 0 0 0 WARREN J WILLIAMSON JR TRUSTEE 1.0 1.0 X 0 0 0 David Veldkamp Chief Enrollment Management Officer 40.0 0.0 X 128647 0 29247 J Ligon Duncan III Chancellor and CEO 40.0 0.0 X 280111 0 46261 Jessica Short CFO 40.0 0.0 X 135362 0 15895 Michael Copening Chief Information Technology Officer 40.0 0.0 X 87113 0 12822 Richard Doggett Chief of Staff 40.0 0.0 X 53786 0 6823 Ricky Rayborn COO 40.0 0.0 X 108840 0 29156 Robert Cara Provost and Chief Academic Officer 40.0 0.0 X 148389 0 30392 J SCOTT Redd JR President, Washington DC Campus 40.0 0.0 X 147476 0 34878 James Harvey Executive Director, NYC Campus 40.0 0.0 X 155504 0 36919 Mark McDowell Executive Director, Dallas and Houston Campus 40.0 0.0 X 125306 0 33440 MICHAEL KRUGER PRESIDENT, CHAROLOTTE CAMPUS 40.0 0.0 X 122711 0 33438 Scott Swain President, Orlando Campus 40.0 0.0 X 126320 0 32837 1619565 0 342108 34 false true false Rogue Carolina Roofing LLC 3829 Rivendell Rd Denver NC 28037 roof repair and installation 151358 FORVIS MAZARS LLP PO BOX 200870 DALLAS TX 75320 AUDIT & TAX SVCS 131461 JSC Systems Inc PO Box 551629 Jacksonville FL 32255 security services 118000 Prime Buchholz LLC PO Box 16011 Lewiston ME 04243 investment firm 103159 4 285071 341763 671693 12876036 351717 14174563 TUITION AND FEES 611600 13354663 13354663 COUNSELING CLINIC INCOME 624190 301557 301557 FINANCE CHARGES 611600 54431 54431 STUDENT CLINIC FEES 621111 36900 36900 LIBRARY FINES 611600 1325 1325 60704 60704 0 0 13809580 1332271 590120 742151 1196805 440964 755841 0 755841 116376 639465 28180392 25699234 16649 2481158 -16649 2464509 2464509 0 285071 42586 -42586 -42586 232701 277923 -45222 -45222 INSURANCE PROCEEDS 900099 578025 578025 1000 0 0 1000 579025 33027981 13925956 590120 4337342 5000 5000 5761773 5761773 46204 46204 1319656 516966 686882 115808 10833143 6242970 3201698 1388475 574610 331139 169824 73647 916315 528058 270814 117443 542872 312849 160444 69579 27891 16073 8243 3575 65467 48586 16881 148060 148060 95069 95069 142021 142021 1822603 1050337 538664 233602 48204 27779 14247 6178 668412 385195 197547 85670 1225409 918983 306426 1616640 931644 477792 207204 883691 509257 261172 113262 282316 162694 83438 36184 6689 6689 1940226 1706397 233829 465225 348891 116334 PROCESSING FEES 163135 94012 48214 20909 REPAIRS & MAINTENANCE 146292 84306 43236 18750 LIBRARY 135452 78059 40032 17361 STUDENT ACTIVITIES 126348 72812 37342 16194 138107 79589 40816 17702 30146830 20210987 7275661 2660182 426141 1470093 106105 123979 3128208 2037587 1863609 4619732 0 0 0 0 550078 533533 165935 214627 298080 291320 62561635 26190012 32481092 36371623 46357796 50517889 33397349 30076032 0 599095 0 2787381 4500519 122160869 130756934 1996882 1566775 1435872 1477477 0 0 1220938 1086392 4653692 4130644 X 62464149 69279972 55043028 57346318 117507177 126626290 122160869 130756934 X 2881151 6170152 73590 -5780 X false true X true false X 8386434 10680692 8889897 12696653 14174563 54828239 0 0 8386434 10680692 8889897 12696653 14174563 54828239 10027979 44800260 1414527 1200827 1496489 1800412 1381616 7293871 0 0 0 28511 573419 601930 191470 0 0 106147 579025 876642 63600682 68094171 0.7044 0.7010 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - MISC. INCOME, COLUMN A - 191470.0, COLUMN B - 0.0, COLUMN C - 0.0, COLUMN D - 106147.0, COLUMN E - 1000.0, COLUMN F - 298617.0; DESCRIPTION - INSURANCE PROCEEDS, COLUMN A - 0.0, COLUMN B - 0.0, COLUMN C - 0.0, COLUMN D - 0.0, COLUMN E - 578025.0, COLUMN F - 578025.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 396250 X X false 71647717 4131309 -3143703 341763 0 0 72293560 71274785 684961 155223 67252 400000 0 71647717 95588195 368575 80271 10375 24750000 1881 71274785 74975102 20437053 249217 69520 0 3657 95588195 78960995 1074561 219170 60955 5214747 3922 74975102 0.2928 0.0014 0.7058 false true true 5549173 5549173 37832342 11967957 25864385 973817 523791 450026 14576375 11261875 3314500 3629928 2436389 1193539 36371623 FLEXIBLE CAPITAL 4855283 F EQUITY - INTERNATIONAL 6755286 F EQUITY - DOMESTIC 730952 F PRIVATE EQUITY 14570185 F PUBLIC REAL ASSETS 3164326 F 30076032 ANNUITY OBLIGATIONS 893228 STUDENT HOUSING DEPOSITS 45692 OTHER DEPOSITS 200 LEASE LIABILITY 147272 1086392 34003828 6170152 761473 6931625 27072203 5955778 5955778 33027981 24958305 761473 761473 24196832 5949998 5949998 30146830 Schedule D, Part X, Line 2 MANAGEMENT HAS EVALUATED ITS INCOME TAX POSITIONS UNDER GUIDANCE INCLUDED IN ASC 740. BASED ON ITS REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. Schedule D, Part III, Line 4 Collections of art - description of collections THE SEMINARY HAS THREE TORAH SCROLLS (ONE EACH AT OUR JACKSON, ORLANDO, AND CHARLOTTE CAMPUSES) THAT ARE DISPLAYED FOR THE BENEFIT OF OUR STUDENTS AND FRIENDS OF THE SEMINARY. Schedule D, Part V, Line 4 Intended uses of endowment funds THE ENDOWMENT FUNDS ARE USED TO FUND OPERATING EXPENSES, AWARD SCHOLARSHIPS TO STUDENTS, TAKE ADVANTAGE OF STRATEGIC OPPORTUNITIES, AND TO MAKE DISTRIBUTIONS TO OTHER 501(C)(3) ORGANIZATIONS. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 COST OF SALES - 277923 RENTAL EXPENSES - 440964 FUNDRAISING EXPENSES - 42586 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements INVESTMENT MANGEMENT FEES - 142021 CHANGE IN BENEFICIAL INTEREST IN TRUSTS - 5780 RECLASS SCHOLARSHIPS - 5807977 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 COST OF SALES - 277923 RENTAL EXPENSES - 440964 FUNDRAISING EXPENSES - 42586 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements INVESTMENT MANAGEMENT FEES - 142021 RECLASS SCHOLARSHIPS - 5807977 true true true true true true true false false false false false false false false true true true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY POLICY IS LOCATED ON OUR WEBSITE UNDER THE ADMISSIONS SECTION. SEE WEBPAGE AT RTS.EDU/ACADEMICS/POLIC IES-AND-PROCEDURES-AT-RTS/. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT THE ORGANIZATION RECEIVED $476,693 FOR THE EMPLOYEE RETENTION CREDIT. Schedule E, Part I, Line 6(b) REVOCATION OR SUSPENSION OF GOVERNMENTAL AID OR ASSISTANCE DUE TO OUR TITLE IV STATUS OF "ELIGIBLE NON PARTICIPATING", WE ARE NOT CURRENTLY ABLE TO ADMINISTER ANY VETERAN GI BILL BENEFITS FOR STUDENTS. true Central America and the Caribbean 0 0 Investments 5854464 East Asia and the Pacific 0 0 Grantmaking SCHOLARSHIPS 21305 Europe (Including Iceland and Greenland) 0 0 Grantmaking SCHOLARSHIPS 9221 North America (Canada & Mexico only) 0 0 Grantmaking SCHOLARSHIPS 9350 Central America and the Caribbean 0 0 Grantmaking SCHOLARSHIPS 4159 Sub-Saharan Africa 0 0 Grantmaking SCHOLARSHIPS 3947 South America 0 2 Program Services INSTRUCTIONAL 7000 East Asia and the Pacific 0 1 Program Services INSTRUCTIONAL 3161 0 3 0 0 0 3 5912607 0 5912607 SCHOLARSHIPS East Asia and the Pacific 12 21306 Wire 0 N/A N/A SCHOLARSHIPS Europe (Including Iceland and Greenland) 6 9221 Wire 0 N/A N/A SCHOLARSHIPS North America (Canada & Mexico only) 5 9350 Wire 0 N/A N/A SCHOLARSHIPS Central America and the Caribbean 1 2380 Wire 0 N/A N/A SCHOLARSHIPS Sub-Saharan Africa 2 3947 Wire 0 N/A N/A true false true true true false Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds RECORDS ARE MAINTAINED SHOWING SCHOLARSHIP AWARDS TO SPECIFIC INDIVIDUALS WHO LIVE IN REGIONS OUTSIDE THE UNITED STATES. Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Cash; EAST ASIA AND THE PACIFIC-Cash; EUROPE (INCLUDING ICELAND AND GREENLAND)-Cash; NORTH AMERICA (CANADA & MEXICO ONLY)-Cash; SOUTH AMERICA-Cash; SUB-SAHARAN AFRICA-Cash Schedule F, Part III Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN - EAST ASIA AND THE PACIFIC - EUROPE (INCLUDING ICELAND AND GREENLAND) - NORTH AMERICA (CANADA & MEXICO ONLY) - SUB-SAHARAN AFRICA - X X X X X X true MATTHEW BRYANT 1217 MOUNT OLIVE ROAD LOOKOUT MOUNTAIN GA 30750 DONOR RELATIONS & SOLICITATION false 1373780 37193 1336587 THE FOCUS GROUP 521 AIA BEACH BLVD SAINT AUGUSTINE FL 32080 CAMPAIGN FEASIBILITY STUDY false 0 57876 -57876 1373780 95069 1278711 CA CO CT DC FL GA AL HI IL KS KY ME AK MD MA MI MN MS NV NH NJ NM NY NC ND OH OK OR PA RI SC TN VA AR WA WV WI Charlotte Vision Dinner 285071 285071 0 2850 31631 5500 2605 0 0 285071 285071 0 2850 31631 5500 2605 42586 -42586 true SCHOLARSHIPS 1344 5954141 0 N/A N/A Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. SCHOLARSHIP ASSISTANCE IS APPROVED AND MONITORED FOR INDIVIDUALS THROUGH CAMPUS SCHOLARSHIP COMMITTEES WITH CONSULTING FROM INSTITUTIONAL FINANCIAL AID STAFF. X true true X X false false false false false false false false false J Ligon Duncan III Chancellor and CEO 219736 0 375 0 60000 0 21131 0 25130 0 326372 0 0 0 Jessica Short CFO 125362 0 10000 0 0 0 8231 0 7664 0 151257 0 0 0 David Veldkamp Chief Enrollment Management Officer 127344 0 375 0 928 0 8170 0 21077 0 157894 0 0 0 Robert Cara Provost and Chief Academic Officer 127016 0 375 0 20998 0 10897 0 19495 0 178781 0 0 0 Scott Swain President, Orlando Campus 84836 0 375 0 41109 0 10757 0 22080 0 159157 0 0 0 J SCOTT Redd JR President, Washington DC Campus 99014 0 375 0 48087 0 12472 0 22406 0 182354 0 0 0 Mark McDowell Executive Director, Dallas and Houston Campus 86629 0 375 0 38302 0 10307 0 23133 0 158746 0 0 0 James Harvey Executive Director, NYC Campus 55642 0 375 0 99487 0 17024 0 19895 0 192423 0 0 0 MICHAEL KRUGER PRESIDENT, CHAROLOTTE CAMPUS 72336 0 375 0 50000 0 11352 0 22086 0 156149 0 0 0 Schedule J, Part I, Line 1a Housing allowance or residence for personal use HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE HOUSING ALLOWANCES - ANNUALLY REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE SEMINARY. TWO OFFICERS, TWO KEY EMPLOYEES, AND THREE HIGHEST COMPENSATED EMPLOYEES RECEIVED HOUSING ALLOWANCES WHICH WERE INCLUDED IN THEIR TAXABLE COMPENSATION. J SCOTT REDD JR FAMILY MEMBER 172480 SEE PART V false Schedule L, Part IV, Column (b) Relationship between interested person and the organization: J. Scott Redd, Jr is the son of J. Scott Redd, Sr., board member. Schedule L, Part IV, Column (d) Description of transaction: Compensation was paid to a family member of a board member in excess of $10,000. X 19 351717 Market value 1 false true true Schedule M, Part I, Line 32b Third parties used to solicit, process, or sell noncash contributions THE SEMINARY USES THIRD-PARTY REALTORS TO MARKET AND SELL DONATED LAND. THE SEMINARY ALSO USES AN INVESTMENT BROKER TO SELL PUBLICLY TRADED SECURITIES. Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - NUMBER OF CONTRIBUTIONS Form 990, Part VI, Line 15 A&B THE EXECUTIVE COMMITTEE REVIEWS AND APPROVES THE TOTAL COMPENSATION OF ALL OFFICERS OF THE SEMINARY ON AN ANNUAL BASIS. THE TOTAL AVERAGE COMPENSATION FROM ANNUAL SURVEYS OF U.S. SCHOOLS THAT ARE MEMBERS OF THE ASSOCIATION OF THEOLOGICAL SCHOOLS IS USED TO DETERMINE THE REASONABLENESS OF OFFICER COMPENSATION, AS WELL AS OTHER MARKET FACTORS SUCH AS DEGREES, YEARS OF EXPERIENCE, PREVIOUS EMPLOYMENT RELATIONSHIPS, AND COMPENSATION LEVELS. Form 990, Part VI, Line 2 J SCOTT REDD, JR AND J SCOTT REDD, SR HAVE A FAMILY RELATIONSHIP. Form 990, Part VI, Line 11b Review of form 990 by governing body A MEETING IS HELD BY THE AUDIT/FINANCE COMMITTEE OF THE SEMINARY TO ALLOW COMMITTEE MEMBERS TO DISCUSS THE RETURN AND ASK ANY QUESTIONS. AFTER DISCUSSION/REVISIONS HAVE OCCURRED, THE RETURNS ARE RECOMMENDED TO THE EXECUTIVE COMMITTEE FOR REVIEW AND APPROVAL TO BE FILED. THE FORM 990 IS ALSO PROVIDED TO ALL BOARD MEMBERS FOR REVIEW PRIOR TO FILING WITH THE IRS. Form 990, Part VI, Line 12c Conflict of interest policy THE FULL BOARD OF TRUSTEES AND OFFICERS OF THE SEMINARY ON AN ANNUAL BASIS DISCLOSE RELATED PARTY TRANSACTIONS THAT COULD GIVE RISE TO CONFLICTS. ANY TRANSACTIONS THAT ARE DISCLOSED ARE REPORTED IN THE MINUTES OF THE BOARD MEETINGS. PERSONS WITH A CONFLICT ARE PROHIBITED FROM PARTICIPATING IN THE BOARD DELIBERATIONS AND DECISIONS REGARDING THE TRANSACTION. Form 990, Part VI, Line 19 Required documents available to the public REFORMED THEOLOGICAL SEMINARY MAKES ITS FINANCIAL STATEMENTS, GOVERNING DOCUMENTS (ARTICLES OF INCORPORATION AND BYLAWS), AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part VIII, Line 2f Other Program Service Revenue - Total Revenue: 60704, Related or Exempt Function Revenue: 60704, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part VIII, Line 11d Other Miscellaneous Revenue - Total Revenue: 1000, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 1000; Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN BENEFICIAL INTERESTS IN TRUST - -5780; Schedule F, Part I, Line 3 FOREIGN FORMS THE SEMINARY OWNS AN INTEREST IN SIX INTERNATIONAL PRIVATE EQUITY FUNDS DOMICILED IN THE CAYMAN ISLANDS AND ONE INTERNATIONAL PRIVATE EQUITY FUND DOMICILED IN BERMUDA. DAVIDSON KEMPNER LONG-TERM DISTRESSED OPPORTUNITIES INTERNATIONAL II LP, DAVIDSON KEMPNER LONG-TERM DISTRESSED OPPORTUNITIES INTERNATIONAL III, LP, DAVIDSON KEMPNER LONG-TERM DISTRESSED OPPORTUNITIES INTERNATIONAL IV, LP, DAVIDSON KEPMNER LONG-TERM DISTRESSED OPPORTUNITIES INTERNATIONAL V, LP,DAVIDSON KEPMNER LONG-TERM DISTRESSED OPPORTUNITIES INTERNATIONAL VI, LP, WELLSPRING CAPITAL PARTNERS VI, LP, AND WELLINGTON ARCHIPELAGO HOLDINGS, LTD. THE FMV OF THESE INVESTMENTS AS OF 5/31/24 WAS $5,854,464 ($128,298, $296,943, $358,772, $1,053,530, $280,830, $999,181, and $2,736,910 respectively). Schedule F, Part IV, Line 4 FOREIGN FORMS THE SEMINARY WAS AN INDIRECT SHAREHOLDER OF A PASSIVE FOREIGN INVESTMENT COMPANY (PFIC) OR A QUALIFIED ELECTING FUND DURING THE TAX YEAR. PER THE INSTRUCTIONS TO FORM 8621, A TAX-EXEMPT ORGANIZATION THAT DOES NOT HAVE DISTRIBTUIONS SUBJECT TO UNRELATED BUSINESS INCOME TAX FROM A PFIC IS NOT REQUIRED TO FILE THE FORM. THE SEMINARY IS A TAX-EXEMPT ORGANIZATION. THERE WERE NO DISTRIBUTIONS FROM THE PFIC THAT WERE SUBJECT TO UNRELATED BUSINESS INCOME TAX. ACCORDINGLY, A FORM 8621 WAS NOT FILED THIS TAX YEAR. Schedule F, Part IV, Line 5 FOREIGN FORMS THE SEMINARY DIRECTLY TRANSFERRED PROPERTY AND CASH TO FOREIGN PARTNERSHIPS DURING THE YEAR ENDED 5/31/24. ALL TRANSFERS WERE UNDER THE THRESHOLD, THEREFORE NO FOREIGN FILINGS ARE REQUIRED. Schedule F, Part IV, Line 3 FOREIGN FORMS THE FILING REQUIREMENTS OF FORM 5471 WERE NOT MET BY THE SEMINARY DURING THE FISCAL YEAR ENDED 5/31/24 FOR ITS OWNERSHIP IN A FOREIGN CORPORATION. THEREFORE, FORM 5471 WAS NOT FILED BY THE SEMINARY. Schedule F, Part IV, Line 1 THE SEMINARY IS FILING FORM 926 FOR THE DIRECT TRANSFER TO DAVIDSON KEMPNER LONG-TERM DISTRESSED OPPORTUNITIES INTERNATIONAL VI, LP. SCHEDULE F, PART I, LINE 2 FOREIGN GRANTS RECORDS ARE MAINTAINED SHOWING SCHOLARSHIP AWARDS TO SPECIFIC INDIVIDUALS WHO LIVE IN REGIONS OUTSIDE THE UNITED STATES. REFORMED PROPERTIES LLC 1231 REFORMATION DRIVE OVIEDO FL 32765 270679756 REAL ESTATE FL 240722 1116114 RTS BELCHER PROPERTIES LLC 4268 I-55N JACKSON MS 39211 REAL ESTATE MS 0 0 RTS RTS FOUNDATION INC 4268 I-55N JACKSON MS 39211 640918136 FUNDRAISING MS 501(c)(3) Type I RTS true REFORMED THEOLOGICAL SEMINARY OF FLORIDA 1231 REFORMATION DRIVE OVIEDO FL 32765 421647628 THEOLOGIC EDUCATION FL 501(c)(3) Type I RTS true false false true false false false false false false false false true false true true true false false false RTS FOUNDATION INC C 341763 FMV