2025-05-14T18:28:06-05:00 2024-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 225 S 6TH ST 2300 MINNEAPOLIS MN 55402 990 2023-07-01 941186179 PACIFIC SCHOOL OF RELIGION PACI 5108480528 1798 SCENIC AVE BERKELEY CA 94709 BRITTANY GREGORY VP OF FINANCE AND ADMIN 5108480528 2025-05-12 1 1 KAREN A GRIES P00078514 6128764500 2025-05-12 2023 2025-03-06 01:10:19Z DAVID VASQUEZ-LEVY 1798 SCENIC AVE BERKELEY CA 94709 18068390 0 X WWW.PSR.EDU X 1866 CA THE PACIFIC SCHOOL OF RELIGION IS A MULTI-DENOMINATIONAL CHRISTIAN SEMINARY. IT IS COMMITTED TO SERVING GOD BY EQUIPPING HISTORIC AND EMERGING FAITH COMMUNITIES FOR MINISTRIES OF COMPASSION AND JUSTICE IN A CHANGING WORLD. IT HAS FORMAL RELATIONSHIPS WITH THREE DENOMINATIONS: THE UNITED CHURCH OF CHRIST, THE UNITED METHODIST CHURCH, AND THE CHRISTIAN CHURCH (DISCIPLES OF CHRIST). 21 20 73 20 0 0 6875664 2799511 2286027 2460281 678938 977827 1109283 1099999 10949912 7337618 320725 394806 0 0 4126213 4065338 0 0 502402 3598431 4703436 8045369 9163580 2904543 -1825962 70611909 74809838 4533289 4503912 66078620 70305926 X PACIFIC SCHOOL OF RELIGION PREPARES A DIVERSE CADRE OF SPIRITUALLY ROOTED LEADERS WITH THE VISION, RESILIENCE, AND SKILL TO CREATE A WORLD WHERE ALL CAN THRIVE. GROUNDED IN THE RIGOROUS STUDY AND FAITHFUL PRACTICE OF PROGRESSIVE CHRISTIAN FAITH, PSR PARTNERS WITH STUDENTS OF ALL BACKGROUNDS TO DEEPEN THEIR SPIRITUALITY AND ENHANCE THEIR CAPACITY TO LEAD IN TRANSFORMATIVE WAYS. CONNECTED TO A BROAD NETWORK OF RELIGIOUS, EDUCATIONAL, NOT-FOR-PROFIT, AND PRIVATE SECTOR ORGANIZATIONS - WITH A PARTICULAR COMMITMENT TO THE WISDOM OF HISTORICALLY MARGINALIZED COMMUNITIES - PSR OFFERS AN EDUCATION THAT IS MARKED BY INNOVATION, REFLECTION, AND EXCELLENCE. 0 0 2928078 394806 1322490 INSTRUCTION: THE PACIFIC SCHOOL OF RELIGION (PSR) OFFERS FIVE MASTER'S DEGREE, FOUR CERTIFICATES OF STUDY, AND A PROFESSIONAL DOCTORAL IN MINISTRY. PSR STUDENTS GO ON TO SERVE AS ORDAINED PARISH PASTORS, HOSPITAL AND PRISON CHAPLAINS, YOUTH DIRECTORS AND CHRISTIAN EDUCATORS, TEACHERS IN HIGH SCHOOLS AND COLLEGES, SOCIAL SCIENCE ADMINISTRATORS, LITURGICAL ARTISTS, AND COMMUNITY ORGANIZERS. PSR PROVIDED EDUCATION TO 68 STUDENTS STUDYING FOR THE MASTER OF DIVINITY DEGREE, 14 STUDENTS STUDYING FOR OTHER MASTER'S DEGREES AND 77 STUDENTS STUDYING FOR A DOCTOR OF MINISTRY DEGREE. STUDENTS ENROLLED FOR INSTRUCTION AT THE SCHOOL RECEIVE PERSONALIZED DIRECTION AND ATTENTION FROM A RENOWNED FACULTY. 2150596 0 0 STUDENT SERVICES: PROFESSIONAL MINISTERIAL EDUCATION AT THE PACIFIC SCHOOL OF RELIGION IS COMBINED WITH A STUDENT'S SPIRITUAL DEVELOPMENT AND FIELD EDUCATION. STUDENTS SEEKING DEGREES ARE ENCOURAGED AND HELPED TO APPLY THE SUBJECTS LEARNED IN THE CLASSROOM TO THE CONTEXT OF THE BROADER COMMUNITY, INCLUDING CULTURES, WORLD RELIGIONS AND THE ARTS. THE OFFICE OF COMMUNITY LIFE PROVIDES FOR THE MENTORING OF STUDENTS THROUGHOUT THEIR STUDY. STUDENTS RECEIVE PASTORAL CARE, SPIRITUAL DIRECTION AND OTHER CARE. 510963 0 1137791 HOUSING SERVICES: THE SCHOOL PROVIDES HOUSING OPPORTUNITIES TO STUDENTS, IN DORMITORIES AND ONE-BEDROOM APARTMENTS. THE SCHOOL WELCOMES FAMILIES AND STUDENTS TO HOUSING AT RATES THAT ARE BELOW MARKET RATES. WIRELESS NETWORKS ARE AVAILABLE TO RESIDENTS. 0 0 4437 GENERAL INSTITUTIONAL SUPPORT. 0 0 4437 5589637 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 47 0 1 73 1 0 0 0 0 0 0 0 0 0 0 0 0 X 21 20 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 1 0 CA X BRITTANY GREGORY 5108480528 1798 SCENIC AVE BERKELEY CA 94709 DAVID VASQUEZ-LEVY PRESIDENT 37.00 X X 173240 0 122024 SANDRA Y NATHAN CHAIR 5.00 X X 0 0 0 CATHERINE PIEZ TREASURER 5.00 X X 0 0 0 MARK P JACOBSEN SECRETARY 5.00 X X 0 0 0 QAISUL TAKIHUNANG TRUSTEE 5.00 X 0 0 0 MARSHA E FOSTER TRUSTEE 5.00 X 0 0 0 CHARLENE HAN POWELL TRUSTEE 5.00 X 0 0 0 AKIKO MIYAKE-STONER TRUSTEE 5.00 X 0 0 0 MARIA E GALLO TRUSTEE 5.00 X 0 0 0 VERIL PHILLIPS TRUSTEE 5.00 X 0 0 0 SHANNON M MARCKX TRUSTEE 5.00 X 0 0 0 DEMITRIUS G BURNETT TRUSTEE 5.00 X 0 0 0 STAN C BARKEY TRUSTEE 5.00 X 0 0 0 DEBORAH ALVAREZ-RODRIGUEZ TRUSTEE 5.00 X 0 0 0 CHARLES BUCK TRUSTEE 5.00 X 0 0 0 ARLENE MENDOZA TRUSTEE 5.00 X 0 0 0 JOHN H VAUGHN TRUSTEE 5.00 X 0 0 0 PETER K HANASHIRO TRUSTEE 5.00 X 0 0 0 RUSSELL K KAUPU TRUSTEE 5.00 X 0 0 0 RICHARD CHUNG TRUSTEE 5.00 X 0 0 0 PATRICK REYES TRUSTEE 5.00 X 0 0 0 SUSAN ABRAHAM VP FOR ACADEMIC AFFAIRS AND DEAN 37.00 X 152886 0 25122 NATASHA LEE VP FOR FINANCE AND ADMINISTRATION 37.00 X 152981 0 33850 MICHELLE ESTRELLADO ED OF DEV & STRATEGIC PARTNERSHIPS 37.00 X 9688 0 1540 ANDREA VECCHIONE ED OF DEV & STRATEGIC PARTNERSHIPS 37.00 X 108835 0 3490 MURRY EVANS VP FOR MARKETING AND ENROLLMENT 37.00 X 161197 0 48552 BERNARD SCHLAGER DIR CENTER FOR LESBIAN & GAY STUDIES 37.00 X 143464 0 25201 BYRON CHUNG EXECUTIVE DIRECTOR OF IGNITE 37.00 X 189556 0 13688 1091847 0 273467 7 0 1 0 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET STE 300 MINNEAPOLIS MN 55402 ACCOUNTING SERVICES 428617 ENDSIGHT LLC 6359 NANCY RIDGE DR SAN DIEGO CA 92121 NETWORK AND INFORMATION TECHNOLOGY 169955 2 7700 2791811 2799511 TUITION AND FEES 611710 1322490 1322490 AUXILIARY ENTERPRISES 611710 1137791 1137791 2460281 998745 998745 1095562 0 1095562 1095562 1095562 10709854 10730772 -20918 -20918 -20918 OTHER SUPPORT/MISC. INCOME 611710 4437 4437 4437 7337618 2464718 0 2073389 394806 394806 1091847 809755 208822 73270 2076104 1540819 429389 105896 213618 158427 40856 14335 458979 328831 116699 13449 224790 166713 42992 15085 1292770 892497 181381 218892 10378 10378 546321 546321 470965 470965 1065991 626127 390143 49721 302351 302351 472276 358493 113783 135527 65372 58401 11754 25631 25631 381226 247797 133429 9163580 5589637 3071541 502402 686038 1591185 9736113 6509597 137066 828497 80415 277707 110564 95606 457933 516297 11623122 7626710 4190499 3996412 52967260 18034905 375000 40902614 1871021 2057018 70611909 74809838 661903 690974 202142 206327 3669244 3606611 4533289 4503912 X 25567285 26718425 40511335 43587501 66078620 70305926 70611909 74809838 X -1825962 5961550 91718 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 5002 0 0 X DISPLAY AND EDUCATIONAL 0 53476029 128963 6133882 2256284 57482590 44149447 6057474 5315877 2046769 53476029 51895495 6106584 -12116919 1735713 44149447 43745060 8229 12243116 2416264 1684646 51895495 42917099 4314787 -190886 1673375 1622565 43745060 0.36000 0.52000 0.12000 0 0 348397 348397 10206710 6942378 3264332 995487 672656 322831 72528 11676 60852 3996412 REAL ESTATE FUNDS 375000 F ALTERNATIVE INVESTMENTS 40527614 F 40902614 ASSET RETIREMENT OBLIGATIONS 367751 LIABILITY TO BENEFICIARIES OF SPLIT-INTEREST AGREEMENTS 1305014 DEFERRED LEASE LIABILITIES 1933846 3606611 X 12525115 5961550 -303088 5658462 6866653 470965 470965 7337618 8297809 0 8297809 470965 394806 865771 9163580 PART III, LINE 4: PSR MAINTAINS COLLECTIONS OF FINE ART, BOOKS AND ARCHAEOLOGICAL ARTIFACTS. THESE ITEMS ARE USED IN THE STUDY OF SUBJECTS SUCH AS ART AND RELIGION, HISTORY AND SCRIPTURAL STUDIES. STUDENTS EXAMINE ART, BOOKS AND ARTIFACTS AS PART OF THEIR STUDIES. PART V, LINE 4: ENDOWMENTS SUPPORT THE PROGRAMS OF THE SCHOOL, INCLUDING PROVIDING STUDENT FINANCIAL AID AND FUNDING FACULTY POSITIONS. PART X, LINE 2: THE SCHOOL IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ACCORDING TO AN INTERNAL REVENUE SERVICE DETERMINATION LETTER. ACCORDINGLY, THE SCHOOL IS NOT SUBJECT TO FEDERAL INCOME TAXES EXCEPT TO THE EXTENT IT DERIVES INCOME FROM CERTAIN ACTIVITIES NOT SUBSTANTIALLY RELATED TO ITS TAX-EXEMPT PURPOSES (UNRELATED TRADE OR BUSINESS ACTIVITIES). THE SCHOOL HAD NO MATERIAL UNRELATED BUSINESS INCOME DURING THE YEAR. IT IS ALSO EXEMPT FROM STATE INCOME TAX. THE SCHOOL FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE SCHOOL FOR UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2024 AND 2023. THE SCHOOL'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: ADJUSTMENT OF ACTUARIAL LIABILITY 91,718. SCHOLARSHIPS AND GRANTS -394,806. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 394,806. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY IN ALL PRINTED MATERIALS SENT TO STUDENTS AND ON ITS WEBSITE. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVES FEDERAL AID FOR FINANCIAL AID PROGRAMS. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 2266357 0 0 0 0 0 0 2266357 0 2266357 1 0 0 0 1 0 1 SCHOLARSHIPS AND GRANTS PROVIDED AS FINANCIAL AID TO STUDENTS 93 394806 PART I, LINE 2: THE SCHOOL PROVIDES FINANCIAL AID GRANTS THAT MAY BE USED FOR TUITION AND FEES ONLY. X X 1 1 X X X 0 0 0 0 0 0 0 1 0 DAVID VASQUEZ-LEVY PRESIDENT 173240 0 0 0 0 0 14449 0 107575 0 295264 0 0 0 MURRY EVANS VP FOR MARKETING AND ENROLLMENT 122884 0 38313 0 0 0 10191 0 38361 0 209749 0 0 0 BYRON CHUNG EXECUTIVE DIRECTOR OF IGNITE 189556 0 0 0 0 0 12996 0 692 0 203244 0 0 0 NATASHA LEE VP FOR FINANCE AND ADMINISTRATION 152981 0 0 0 0 0 10333 0 23517 0 186831 0 0 0 SUSAN ABRAHAM VP FOR ACADEMIC AFFAIRS AND DEAN 152886 0 0 0 0 0 10500 0 14622 0 178008 0 0 0 BERNARD SCHLAGER DIR CENTER FOR LESBIAN & GAY STUDIES 143464 0 0 0 0 0 8739 0 16462 0 168665 0 0 0 PART I, LINE 1A FOR ORDAINED CLERGY, WHO ARE SUBJECT TO SELF-EMPLOYMENT TAX, PSR ADDS AS TAXABLE INCOME THE AMOUNT OF FICA AND MEDICARE TAX PSR WOULD OTHERWISE PAY ON THEIR BEHALF TO TAXING AUTHORITIES. DAVID VASQUEZ-LEVY RECEIVED A HOUSING ALLOWANCE OF $62,154 DURING CALENDAR YEAR 2023. PART I, LINE 7 BONUSES ARE BASED ON DISCRETION AND APPROVED BY MANAGEMENT AND THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE CHAIR, THE PRESIDENT OF THE SCHOOL, THE VICE CHAIR(S), THE CHAIRS OF ALL OTHER STANDING COMMITTEES AND TWO OR MORE OTHER TRUSTEES. IT SHALL MEET UPON THE CALL OF THE CHAIR OR THE PRESIDENT, BUT AT LEAST THREE TIMES A YEAR. A SIMPLE MAJORITY OF ITS MEMBERS SHALL CONSTITUTE A QUORUM. THE EXECUTIVE COMMITTEE MAY BE AUTHORIZED BY A VOTE OF THE BOARD TO EXERCISE THE FULL AUTHORITY OF THE BOARD, EXCEPT THE AUTHORITY TO APPOINT, INSTALL OR DISMISS THE PRESIDENT OF THE SCHOOL. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE THE DRAFT IS AVAILABLE, IT IS REVIEWED BY MANAGEMENT AND ANY CHANGES INCORPORATED INTO THE FILING. THE BOARD OF DIRECTORS DID NOT RECEIVE A COPY OF THE FORM 990 PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICIES ARE DISTRIBUTED TO MEMBERS OF THE BOARD OF TRUSTEES IN OCTOBER OF EVERY YEAR. MEMBERS OF THE BOARD COMPLETE, SIGN AND RETURN DISCLOSURE STATEMENTS INDICATING THAT THEY HAVE READ THE CONFLICT OF INTEREST POLICY AND DISCLOSED ANY POTENTIAL CONFLICTS OF INTEREST. DISCLOSURE BY TRUSTEES SHALL BE MADE TO THE CHAIR OF THE BOARD, WHO SHALL BRING THESE MATTERS TO THE ATTENTION OF THE BOARD THROUGH ITS EXECUTIVE COMMITTEE. DISCLOSURE BY FACULTY AND STAFF SHALL BE MADE TO THE PRESIDENT, WHO SHALL BRING THESE MATTERS TO THE ATTENTION OF THE AD STAFF. THE BOARD OR THE AD STAFF, AS APPROPRIATE, SHALL THEN DETERMINE WHETHER A CONFLICT EXISTS AND IS MATERIAL; AND IN THE PRESENCE OF AN EXISTING MATERIAL CONFLICT, WHETHER THE CONTEMPLATED TRANSACTION MAY BE AUTHORIZED AS JUST, FAIR, AND REASONABLE AS TO PSR. THE DECISIONS OF THE BOARD AND OF THE AD STAFF ON THESE MATTERS WILL REST IN THEIR SOLE DISCRETION, AND THEIR FIRST CONCERN MUST BE THE WELFARE OF PSR. ANYONE WHO BELIEVES THAT THIS POLICY MAY NOT HAVE BEEN FOLLOWED OR MAY HAVE BEEN VIOLATED SHALL BRING THE MATTER TO THE ATTENTION OF THE BOARD CHAIR (IF PERTAINING TO A TRUSTEE) OR TO PSR'S PRESIDENT (IF PERTAINING TO A FACULTY OR STAFF MEMBER) FOR REVIEW. IF AN ALLEGED VIOLATION CONCERNS A FACULTY OR STAFF MEMBER, ANY INVESTIGATION AND DETERMINATION MUST COMPLY WITH RELEVANT PROVISIONS IN THE APPROPRIATE HANDBOOK. THE TRUSTEE EXECUTIVE COMMITTEE SHALL KEEP A RECORD OF THE POTENTIAL OR ACTUAL CONFLICTS BROUGHT TO ITS ATTENTION REGARDING MEMBERS OF THE BOARD OF TRUSTEES. THE AD STAFF SHALL KEEP A RECORD OF THE POTENTIAL OR ACTUAL CONFLICTS BROUGHT TO ITS ATTENDING REGARDING MEMBERS OF THE ADMINISTRATION, FACULTY OR STAFF. FORM 990, PART VI, SECTION B, LINE 15 INDEPENDENT MEMBERS OF THE BOARD COMPRISE THE COMPENSATION COMMITTEE. THE COMMITTEE REVIEWS COMPARABLE SALARIES AND BENEFITS BEFORE ESTABLISHING COMPENSATION FOR THE PRESIDENT. COMPENSATION DECISIONS ARE DOCUMENTED IN PERSONNEL FILES. OTHER OFFICERS OR KEY EMPLOYEES: COMPARATIVE DATA IS REVIEWED PRIOR TO ESTABLISHMENT OF COMPENSATION. COMPENSATION DECISIONS ARE DOCUMENTED IN PERSONNEL FILES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: ADJUSTMENT OF ACTUARIAL LIABILITY 91,718. PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT AND SELECTION PROCESS FOR THE AUDIT OF THE FINANCIAL STATEMENTS DURING THE TAX YEAR. CHARITABLE REMAINDER UNITRUSTS (4) CHARITABLE TRUSTS CA T 0 POOLED INCOME FUND (5) CHARITABLE TRUSTS CA T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0