2020-07-14T23:43:09-05:00 2019-06-30 420714325 RSM US LLP 4 TIMES SQUARE NEW YORK NY 10036 990 2018-07-01 042105768 EPISCOPAL DIVINITY SCHOOL EPIS 2122801418 3041 BROADWAY AT 121ST STREET NEW YORK NY 10027 MARK MILIOTTO TREASURER 2122801418 2020-07-14 1 LYNNE JOHNSON P00757336 2123721000 68.199.170.159 2020-07-14 17:24:26 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 5986EA02A50E5C1C2A76B2DCE64E771EF2BE8307 2018 2021-01-29 14:40:06Z KELLY BROWN DOUGLAS 3041 BROADWAY AT 121ST STREET NEW YORK NY 10027 64654743 0 X X 1867 MA EDUCATION OF PERSONS FOR POSITIONS OF LEADERSHIP IN THE CHRISTIAN DENOMINATIONS, AND PARTICULARLY THE EPISCOPAL CHURCH, AND FOR THE MINISTRY THEREOF. 17 17 21 20 0 0 1100598 498226 0 0 3134048 20696506 102495 349463 4337141 21544195 310201 165148 0 0 339921 -8737 0 0 0 2979274 2616252 3629396 2772663 707745 18771532 65537994 87313671 3076205 4339786 62461789 82973885 X EDUCATION OF PERSONS FOR POSITIONS OF LEADERSHIP IN THE CHRISTIAN DENOMINATIONS, AND PARTICULARLY THE EPISCOPAL CHURCH, AND FOR THE MINISTRY THEREOF. 0 0 165985 165148 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. 165985 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 17 0 1 21 1 0 0 0 0 0 0 0 0 0 0 0 0 X 17 17 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 THE CANON DR BONNIE ANDERSON PRESIDENT/CHAIR 1.00 X X 0 0 0 MR J RALPH COLE TRUSTEE 1.00 X 0 0 0 THE REV DR KAREN COLEMAN TRUSTEE (UNTIL 10/30/2018) 1.00 X 0 0 0 THE REV DR ROBERT L GRIFFIN TRUSTEE (UNTIL 11/1/2018) 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 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 MARK MILIOTTO TREASURER 1.00 X 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 THE REV WARREN RADTKE TRUSTEE 1.00 X 0 0 0 MR DENNIS STARK TRUSTEE (UNTIL 11/1/2018) 1.00 X 0 0 0 THE REV CANON DR ROBERT STEELE TRUSTEE 1.00 X 0 0 0 THE REV CANON DR GREGORY STRAUB VICE CHAIR AND SECRETARY 1.00 X X 0 0 0 VERY REV KELLY BROWN DOUGLAS DEAN 40.00 X X 0 0 0 MS MALAIKA K KAMUNANWIRE TRUSTEE (FROM 11/1/18) 1.00 X 0 0 0 THE REV J SIERRA REYES TRUSTEE (FROM 11/1/18) 1.00 X 0 0 0 THE REV CHARLES WYNDER JR TRUSTEE (FROM 11/1/18) 1.00 X 0 0 0 ANGELA BAUER-LEVESQUE FORMER PROFESSOR 0.00 X 175642 0 11506 PUI LAN KWOK FORMER PROFESSOR 0.00 X 135974 0 18276 JOANNE K MANNING FORMER DIRECTOR OF BUSINESS SERVICES 0.00 X 122156 0 18276 SAMARIA A STALLINGS FORMER DIR. OF HUMAN RESOURCES 0.00 X 119273 0 20004 LAWRENCE M WILLS FORMER PROFESSOR 0.00 X 135974 0 20328 AURA A FLUET FORMER SENIOR ASSISTANT DIRECTOR 0.00 X 101204 0 6952 790223 0 95342 6 1 1 0 UNION THEOLOGICAL SEMINARY 3041 BROADWAY NEW YORK NY 10027 UTS PROGRAM FEES 1413589 LOCKE LORD LLP PO BOX 301170 DALLAS TX 753031170 LEGAL SERVICES 328561 CAMBRIDGE ASSOCIATES LLC PO BOX 412015 BOSTON MA 022412015 CONSULTING SERVICES 266206 3 498226 498226 629988 629988 310735 0 310735 310735 310735 38939771 24237295 38941117 4169431 -1346 20067864 20066518 20066518 OTHER INCOME 900099 38728 38728 38728 21544195 0 0 21045969 165148 165148 -12428 -12428 3375 3375 316 316 229092 229092 21721 21721 175000 175000 461216 461216 6521 6521 17678 17678 21725 21725 38376 38376 1264 1264 9421 9421 18536 18536 25703 25703 UNION PROGRAM EXPENSE 1583717 1583717 MEALS 2496 2496 BANK CHARGES 1218 1218 DUES & SUBSCRIPTIONS 255 255 2313 837 1476 2772663 165985 2606678 0 4844444 1439562 145302 15080320 41697 19377 8900 1335432 1286403 4236996 49029 12249149 18670655 44042726 48202813 0 3820695 65537994 87313671 1579090 613785 3726001 1497115 0 3076205 4339786 X 27180870 47286765 8628496 8933281 26652423 26753839 62461789 82973885 65537994 87313671 X 18771532 1671076 69488 X 0 1 X 1 0 X 713743 539548 275830 1100598 498226 3127945 713743 539548 275830 1100598 498226 3127945 806195 2321750 625307 513739 491751 940723 2571520 235049 201710 78296 154283 38728 708066 6407531 2494945 0.36230 0.46510 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 55042092 12072625 2198200 3800395 65512522 56481846 945333 4148090 6533177 55042092 54918452 68880 7265554 29250 5741790 56481846 62395299 162043 -2159334 5479556 54918452 67867535 202454 -796069 4878621 62395299 0.51530 0.35320 0.13150 0 0 1334252 1286157 48095 1180 246 934 49029 INTERNATIONAL EQUITY 15697184 F DOMESTIC EQUITY 3431937 F ALTERNATIVE INVESTMENTS 29073692 F 48202813 X 23284759 1671076 69488 1740564 21544195 0 21544195 2772663 0 2772663 0 2772663 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 72,451. CHANGE IN VALUE OF CHARITABLE GIFT ANNUITIES -2,963. 1 SCHOLARSHIPS (TUITION, HOUSING AND TRANSPORTATION SUPPORT) 19 165148 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. 1 0 0 0 0 0 0 0 0 ANGELA BAUER-LEVESQUE FORMER PROFESSOR 0 0 0 0 175642 0 0 0 11506 0 187148 0 0 0 PUI LAN KWOK FORMER PROFESSOR 0 0 0 0 135974 0 0 0 18276 0 154250 0 0 0 JOANNE K MANNING FORMER DIRECTOR OF BUSINESS SERVICES 2883 0 0 0 119273 0 0 0 18276 0 140432 0 0 0 SAMARIA A STALLINGS FORMER DIR. OF HUMAN RESOURCES 0 0 0 0 119273 0 0 0 20004 0 139277 0 0 0 LAWRENCE M WILLS FORMER PROFESSOR 0 0 0 0 135974 0 0 0 20328 0 156302 0 0 0 AURA A FLUET FORMER SENIOR ASSISTANT DIRECTOR 8371 0 0 0 92833 0 0 0 6952 0 108156 0 0 0 PART I, LINE 4A DURING THE YEAR THERE WERE SEVERANCE PAYMENTS MADE TO ALL THE INDIVIDUALS LISTED IN PART VII, SECTION A. ALL AMOUNTS PAID HAVE BEEN REPORTED ON FORM W-2 AS TAXABLE INCOME AND ARE PROPERLY DISCLOSED IN PART VII, AND SCHEDULE J PART II AS REQUIRED BY THE INSTRUCTIONS TO FORM 990 AND SCHEDULE J. THE TERMS AND CONDITIONS OF SUCH AGREEMENTS WILL BE MADE AVAILABLE TO THE IRS UPON ITS REQUEST. FORM 990, PART VI, SECTION A, LINE 8B THERE IS CURRENTLY NO COMMITTEE WITH 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 72,451. CHANGE IN VALUE OF CHARITABLE GIFT ANNUITIES -2,963.