2021-05-17T16:42:36-05:00 2020-06-30 420714325 RSM US LLP 4 TIMES SQUARE NEW YORK NY 10036 990 2019-07-01 042105768 EPISCOPAL DIVINITY SCHOOL EPIS 2122801418 3041 BROADWAY AT 121ST STREET NEW YORK NY 10027 MARK MILIOTTO TREASURER 2122801418 2021-05-17 1 LYNNE JOHNSON P00757336 2123721000 2019 2022-09-23 18:48:47Z KELLY BROWN DOUGLAS 3041 BROADWAY AT 121ST STREET NEW YORK NY 10027 23968377 0 X N/A X 1867 MA EDUCATION OF PERSONS FOR POSITIONS OF LEADERSHIP IN THE CHRISTIAN DENOMINATIONS, AND PARTICULARLY THE EPISCOPAL CHURCH, AND FOR THE MINISTRY THEREOF. 13 13 10 13 0 0 498226 335541 0 0 20696506 386697 349463 698094 21544195 1420332 165148 31969 0 0 -8737 0 0 0 0 2616252 2910487 2772663 2942456 18771532 -1522124 87313671 84803014 4339786 4169379 82973885 80633635 X EDUCATION OF PERSONS FOR POSITIONS OF LEADERSHIP IN THE CHRISTIAN DENOMINATIONS, AND PARTICULARLY THE EPISCOPAL CHURCH, AND FOR THE MINISTRY THEREOF. 0 0 31969 31969 EPISCOPAL THEOLOGICAL SEMINARY WAS ESTABLISHED IN 1867, AND IN 1974 RESTATED ITS ARTICLES OF ORGANIZATION TO CHANGE ITS NAME TO EPISCOPAL DIVINITY SCHOOL UPON ITS MERGER WITH PHILADELPHIA DIVINITY SCHOOL. THE PURPOSE OF THE SCHOOL IS TO EDUCATE LAY AND ORDAINED LEADERS FOR CHRIST'S CHURCH AND FOR THE WORLD WHO SERVE AND ADVANCE GOD'S MISSION OF JUSTICE, COMPASSION, AND RECONCILIATION. THE SCHOOL'S BOARD OF TRUSTEES VOTED ON JULY 21, 2016 TO CEASE GRANTING DEGREES AFTER THE 2016-2017 ACADEMIC YEAR. THE SCHOOL ENTERED INTO AN AFFILIATION AGREEMENT, EFFECTIVE JULY 1, 2017, WITH UNION THEOLOGICAL SEMINARY (UNION). UNION IS A SEMINARY AND A GRADUATE SCHOOL OF THEOLOGY IN NEW YORK CITY. THE AFFILIATION AGREEMENT HAS AN INITIAL TERM THROUGH JUNE 30, 2028, AND ALLOWS FOR RENEWALS FOR SUCCESSIVE TEN-YEAR PERIODS. THE AFFILIATION AGREEMENT PROVIDES FOR THE ESTABLISHMENT OF A PROGRAM AT UNION ENTITLED EPISCOPAL DIVINITY SCHOOL AT UNION THEOLOGICAL SEMINARY (THE PROGRAM). STUDENTS WHO ENROLL IN THE PROGRAM AT UNION WILL EARN GRADUATE DEGREES FROM UNION AND ALSO FULFILL REQUIREMENTS FOR ORDINATION IN THE EPISCOPAL CHURCH. 31969 1 1 0 0 0 0 0 1 0 1 1 1 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 9 0 1 10 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 1 0 0 0 X YULIA IVANOVA 2122801418 3041 BROADWAY AT 121ST STREET NEW YORK NY 10027 X THE CANON DR BONNIE ANDERSON PRESIDENT/CHAIR (THRU 10/31/19) 1.00 X 0 0 0 MR J RALPH COLE TRUSTEE 1.00 X 0 0 0 THE VERY REV GARY HALL PHD TRUSTEE 1.00 X 0 0 0 CHRISTOPHER HOLDING ESQ TRUSTEE 1.00 X 0 0 0 THE REV PHILLIP A JACKSON TRUSTEE (THRU 09/30/19) 1.00 X 0 0 0 MS KAY KRAMER TRUSTEE 1.00 X 0 0 0 PATRICIA MATHIS ESQ TRUSTEE 1.00 X 0 0 0 MR EDWARD NILSSON TRUSTEE 1.00 X 0 0 0 THE RT REV JOHN RABB TRUSTEE 1.00 X 0 0 0 MS MALAIKA K KAMUNANWIRE TRUSTEE 1.00 X 0 0 0 THE REV J SIERRA REYES TRUSTEE 1.00 X 0 0 0 THE REV CHARLES WYNDER JR TRUSTEE 1.00 X 0 0 0 ROBERT BOTTOMS TRUSTEE 1.00 X 0 0 0 MR MARK MILIOTTO TREASURER 1.00 X X 0 0 0 THE REV CANON DR GREGORY STRAUB VICE CHAIR/SECRETARY (THRU 10/31/19) 1.00 X X 0 0 0 VERY REV KELLY BROWN DOUGLAS DEAN 40.00 X X 0 0 0 0 0 0 0 0 0 0 UNION THEOLOGICAL SEMINARY 3041 BROADWAY NEW YORK NY 10027 UTS PROGRAM FEES 1723973 MCCALL & ALMY INC 100 FEDERAL STREET BOSTON MA 02110 REAL ESTATE ADVISORY SERVICES 440000 CAMBRIDGE ASSOCIATES LLC PO BOX 412015 BOSTON MA 022412015 CONSULTING SERVICES 175000 3 335541 335541 506395 506395 612002 0 612002 612002 612002 22428347 22548045 -119698 -119698 -119698 OTHER INCOME 900099 86092 86092 86092 1420332 0 0 1084791 31969 31969 44237 44237 60521 60521 175000 175000 129983 129983 3368 3368 220 220 16720 16720 16077 16077 15689 15689 28776 28776 UNION PROGRAM EXPENSE 2417166 2417166 BANK CHARGES 1105 1105 PAYROLL SERVICES 64 64 MEALS 56 56 1505 1505 2942456 31969 2910487 0 1439562 1453892 15080320 3440870 41697 41697 8900 1343 1335432 1302092 49029 33340 18670655 17613150 48202813 47126387 3820695 15092335 87313671 84803014 613785 623378 3726001 3546001 4339786 4169379 X 47286765 46384868 35687120 34248767 82973885 80633635 87313671 84803014 X -1522124 -713466 -104660 X 0 1 X 1 0 X 539548 275830 1100598 498226 335541 2749743 539548 275830 1100598 498226 335541 2749743 752045 1997698 513739 491751 940723 1118397 3064610 201710 78296 154283 38728 86092 559109 6373462 2326933 0.31340 0.36230 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 65512522 2144049 -326993 2586000 64743578 55042092 12072625 2198200 3800395 65512522 56481846 945333 4148090 6533177 55042092 54918452 68880 7265554 29250 5741790 56481846 62395299 162043 -2159334 5479556 54918452 0.53000 0.35800 0.11200 0 0 1334252 1301681 32571 1180 411 769 33340 INTERNATIONAL EQUITY 14373617 F DOMESTIC EQUITY 3183239 F ALTERNATIVE INVESTMENTS 29569531 F 47126387 BENEFICIAL INTEREST IN PERPETUAL TRUSTS 3657666 CHARITABLE GIFT ANNUITIES 58369 CONSTRUCTION IN PROGRESS 11376300 15092335 X 602206 -713466 -104660 -818126 1420332 0 1420332 2942456 0 2942456 0 2942456 PART III, LINE 4: THE SCHOOL MAINTAINED AND PRESERVED THE FOLLOWING ITEMS FOR PUBLIC DISPLAY: THE CHRIST ON MT. OF OLIVES STATUE, ALLAN CRITE PAINTING COLLECTION, THE BRAMBLE BUSH SCULPTURE, THE PHILADELPHIA CROSS, AND A FEW OTHER MISCELLANEOUS COLLECTION OF ART. PART V, LINE 4: THE PURPOSE OF THE ENDOWMENTS OF THE SCHOOL IS TO SUPPORT THE OPERATIONS OF THE SCHOOL IN FURTHERANCE OF ITS MISSION. PART X, LINE 2: THE SCHOOL IS QUALIFIED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. THE SCHOOL IS SUBJECT TO FEDERAL AND STATE INCOME TAXES ON UNRELATED BUSINESS INCOME, IF ANY. THE SCHOOL FOLLOWS FASB ASC 740, INCOME TAXES, WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES BY PRESCRIBING THE RECOGNITION THRESHOLD A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. IT ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. MANAGEMENT BELIEVES THAT THE SCHOOL HAS NO MATERIAL UNCERTAINTIES IN INCOME TAXES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUSTS -95,817. CHANGE IN VALUE OF CHARITABLE GIFT ANNUITIES -8,843. 1 SCHOLARSHIPS (TUITION, HOUSING AND TRANSPORTATION SUPPORT) 4 31969 PART I, LINE 2: ON THE SCHOLARSHIPS TO STUDENTS, IN ORDER TO RECEIVE SCHOLARSHIP SUPPORT, STUDENTS MUST BE ENROLLED AT QUALIFYING INSTITUTIONS, AND THOSE INSTITUTIONS CONFIRM THE RECIPIENTS' ENROLLMENT TO EDS. FORM 990, PART VI, SECTION A, LINE 8B THERE IS CURRENTLY NO COMMITTEE WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE DRAFT FORM 990 IS ALSO SENT TO EACH TRUSTEE VIA EMAIL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BY ITS BY-LAWS, THE BOARD OF TRUSTEES OF THE EPISCOPAL DIVINITY SCHOOL HAS ITS COMMITTEE ON TRUSTEESHIP ANNUALLY ASK MEMBER TO COMPLETE A CONFLICT OF INTEREST STATEMENT, AND IS CHARGED TO REVIEW THE PROCESS AND BRING TO THE BOARD'S ATTENTION ANY ISSUES THAT ARISE. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S FINANCIAL STATEMENTS ARE AVAILABLE TO THE GENERAL PUBLIC VIA THE SCHOOL'S AND THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITES. THE SCHOOL'S FORM 990 WITHOUT SCHEDULE B IS AVAILABLE TO THE GENERAL PUBLIC VIA GUIDESTAR'S AND THE MASSACHUSETT ATTORNEY GENERAL'S WEBSITES. THE SCHOOL'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE GENERAL PUBLIC. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUSTS -95,817. CHANGE IN VALUE OF CHARITABLE GIFT ANNUITIES -8,843. CHARITABLE REMAINDER TRUST (2) CHARITABLE TRUST MA EPISCOPAL DIVINITY SCHOOL 1 PERPETUAL TRUST (6) CHARITABLE TRUST MA EPISCOPAL DIVINITY SCHOOL 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0