2018-05-14T08:31:53-05:00 2017-06-30 010523282 Berry Dunn McNeil & Parker LLC PO Box 1100 Portland ME 041041100 990 2016-07-01 042463847 Gordon-Conwell Theological Seminary Inc GORD 9784687111 130 Essex Street South Hamilton MA 01982 Jay I Trewern CFO 9784687111 2018-05-14 1 Joseph R Byrne CPA P01289281 2077752387 2018-05-10 2016 2022-09-23 18:48:47Z Dennis P Hollinger 130 Essex Street South Hamilton MA 01982 33492469 0 X http://www.gordonconwell.edu X 1970 MA The Seminary provides graduate education in theology and religion. 24 23 725 25 0 0 7297993 5936600 22879896 21604836 1862628 2658797 75947 73585 32116464 30273818 8626793 8313435 0 0 15065660 14785046 121662 48138 1292992 9894816 9249642 33708931 32396261 -1592467 -2122443 101868387 101510901 12969185 11809402 88899202 89701499 X Gordon-Conwell Theological Seminary is an educational institution serving the Lord and His Church. Its mission is to prepare men and women for ministry at home and abroad. The Seminary undertakes this task as a training partner with the Church so that what is learned on campus can be complemented by the spiritual nurture and exercise of ministry available through the Church. Gordon-Conwell's mission arises out of God's redemptive work in this world effected in Jesus Christ, understood through the biblical Word and mediated by the Holy Spirit. As a theological seminary, it provides learning, resources and training through which men and women may acquire knowledge, gain skills, and develop attitudes needed in Christ's ministry. 0 0 21827403 8313435 18584652 Provided graduate theological education that served over 2,380 students in FY17. The Seminary has four campuses: Hamilton, MA; Boston, MA; Charlotte, NC; and Jacksonville, FL. It offers 20 degree programs. 3681987 2954834 Provided auxiliary services in connection with the above, including housing, food services, bookstores, printing/copying, and nursery care. 1058891 65350 Provided continuing education in theological studies for pastors, laity, and others. 26568281 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 0 1 0 1 0 1 0 1 1 1 0 0 1 1 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 2213 0 1 725 1 0 0 0 0 1 1 1 1 0 0 0 1 0 X 24 23 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MA NH WI X Jay I Trewern 9784687111 130 Essex Street South Hamilton MA 01982 John A Huffman Jr Chairman 1.00 X X 0 0 0 Claude R Alexander Jr Vice-Chairman 1.00 X X 0 0 0 Shirley A Redd Secretary 1.00 X X 0 0 0 Ivan C Hinrichs Treasurer 1.00 X X 0 0 0 Joel B Aarsvold Trustee 1.00 X 0 0 0 Linda S Anderson Past Trustee 1.00 X 0 0 0 Diana Curren Bennett Trustee 1.00 X 0 0 0 Garth T Bolinder Trustee 1.00 X 0 0 0 R Bruce Bradley Trustee 1.00 X 0 0 0 Stan D Gaede Trustee 1.00 X 0 0 0 Joyce A Godwin Trustee 1.00 X 0 0 0 Sharon Fast Gustafson Trustee 1.00 X 0 0 0 Michael E Haynes Trustee 1.00 X 0 0 0 Herbert P Hess Trustee 1.00 X 0 0 0 Peter G James Trustee 1.00 X 0 0 0 Priscilla H Lee Trustee 1.00 X 0 0 0 Caleb Loring III Trustee 1.00 X 0 0 0 Joanna S Mockler Trustee 1.00 X 0 0 0 Charles W Pollard Trustee 1.00 X 0 0 0 Fred L Potter Trustee 1.00 X 0 0 0 Samuel Rodriguez Jr Past Trustee 1.00 X 0 0 0 Virginia M Snoddy Trustee 1.00 X 0 0 0 David D Swanson Trustee 1.00 X 0 0 0 Joseph W Viola Trustee 1.00 X 0 0 0 John H Womack Past Trustee 1.00 X 0 0 0 William C Wood Trustee 1.00 X 0 0 0 Dennis P Hollinger President 50.00 X X 219275 0 24792 Jay I Trewern VP for Finance and Operations/CFO 50.00 X 139350 0 17195 Kurt W Drescher VP of Advancement 50.00 X 131458 0 24800 Rodney Cooper Professor 50.00 X 129091 0 20959 James M Singleton Jr Professor 50.00 X 119785 0 34730 Jeffery D Arthurs Professor 50.00 X 101783 0 17845 840742 0 140321 6 0 1 0 Sodexo Inc and Affiliates PO Box 360170 Pittsburgh PA 152516170 Food Service 507615 ServiceMaster of Middlesex County PO Box 414 N Andover MA 01845 Cleaning Services 161994 National Management Team Inc 2 Austin Square Lynn MA 01905 Repair & Maintenance 142718 ENE Systems Inc 480 Neponset Street Canton MA 02021 Repair & Maintenance 116161 Bass River Flooring Corp 45 Congress Street Suite 4309 Salem MA 01970 Renovation Contractor 102888 6 36890 5899710 150247 5936600 Student Tuition & Fees 900099 18416282 18416282 Auxiliary Enterprises 900099 2951323 2951323 Government Fees 900099 106587 106587 Contracts & Subscriptions 900099 76054 76054 Other Revenue 900099 54590 54590 21604836 1215933 1215933 89285 0 89285 89285 89285 4629135 3186271 1442864 1442864 1442864 16680 36890 32380 -15700 -15700 30273818 21604836 0 2732382 75594 75594 7805417 7805417 432424 432424 416265 416265 11505856 9117987 1693474 694395 499676 395976 73544 30156 1632494 1130687 372582 129225 730755 535985 143803 50967 25283 21208 2975 1100 56086 56086 48138 48138 75101 75101 2186060 1949670 214960 21430 129680 29254 99401 1025 1336850 974300 256121 106429 358729 40560 289856 28313 1340024 1279321 55558 5145 829601 626443 128756 74402 93176 58184 19459 15533 345655 336083 9572 1776352 1116624 659728 95015 11286 83729 Purchases for Resale 248329 247799 430 100 353701 308378 42418 2905 32396261 26568281 4534988 1292992 X 1321762 1644936 3654432 2628062 1438467 740825 1602415 1718944 325000 450000 3073777 2927497 261215 158113 439768 320432 63737277 24502599 40277434 39234678 46289346 48392747 3184771 3294667 101868387 101510901 4020495 2745893 1103008 823109 2748800 2790820 4079449 4424768 1017433 1024812 12969185 11809402 X 26719650 25620834 11254492 11518233 50925060 52562432 88899202 89701499 101868387 101510901 X -2122443 3177480 -252740 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 53786362 693771 5165774 1172709 1388901 71606 57012691 54082574 554768 1657131 1163681 1268706 75724 53786362 55015226 422916 1475964 1118517 1625173 87842 54082574 50688689 227430 6497900 1080132 1229566 89095 55015226 45485091 2887779 4473713 927874 1148966 81054 50688689 0.03000 0.86000 0.11000 0 0 2292411 2292411 53671580 19487322 34184258 7773286 5015277 2758009 39234678 Advances from Government for Federal Student Loans 1024812 1024812 24993097 3177480 -179360 2998120 21994977 8278841 8278841 30273818 24190800 32380 32380 24158420 8237841 8237841 32396261 Part IV, Line 2b: Annuity value related to the charitable remainder trusts and other gift annuities are valued based on the actuarial expected lives of beneficiaries ranges between five and six percent as the interest rate basis to determine present value. Part V, Line 4: The intended uses of the Organization's endowment funds are to provide a reliable recurring revenue stream for academic programs, financial aid, general operations and maintenance, and other programs within donor restrictions. Part XI, Line 2d - Other Adjustments: Change in Value of Trusts and Annuities Payable -211,740. Fundraising Expenses netted Against Revenue 32,380. Part XI, Line 4b - Other Adjustments: Student Aid 8,237,841. Losses on Uncollectible Pledges 41,000. Part XII, Line 2d - Other Adjustments: Fundraising Expenses netted Against Revenue 32,380. Part XII, Line 4b - Other Adjustments: Student Aid 8,237,841. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Gordon-Conwell publishes its racially nondiscriminatory policy on its website's persona pages for prospective students and current students. Schedule E, Part I, Line 6 The Seminary participates in the US Department of Education's Direct Loan, FWS and Perkins programs. 1 Central America & Caribbean 0 0 Program Services Educational Instruction 263940 Europe 0 0 Program Services Educational Instruction 41085 South America 0 0 Program Services Educational Instruction 78435 Sub-Saharan Africa 0 0 Program Services Educational Instruction 41085 East Asia and the Pacific 0 0 Program Services Educational Instruction 7879 0 0 0 0 0 0 432424 0 432424 General Scholarships Central America & Caribbean 104 263940 Tuition reductions from full-tuition FMV General Scholarships Europe 20 41085 Tuition reductions from full-tuition FMV General Scholarships South America 34 78435 Tuition reductions from full-tuition FMV General Scholarships Sub-Saharan Africa 17 41085 Tuition reductions from full-tuition FMV General Scholarships East Asia and Pacific 3 7879 Tuition reductions from full-tuition FMV 0 0 0 0 0 0 Part I, Line 2: Scholarships provided to international students participating in courses hosted outside the United States. Scholarships are non-cash tuition reductions from the full-tuition rate and are based on the program the students are in. No other criteria are used to determine the tuition reduction. Payment of reduced-tuition rate is monitored by the Student Accounts Office. X X X X X X 1 William R Hausman 10 Wallace Road Rockport MA 01966 Comprehensive Campaign Planning 0 627077 20813 606264 Alyssa Walker 5715 S Blackstone Ave 1 Chicago IL 60637 Grant Writing 0 0 11425 -11425 The Stelter Company PO Box 5228 Des Moines IA 50305 Consulting 0 0 5125 -5125 627077 37363 589714 CO MA NH WI AR NJ UT Fundraising Dinner 17115 5875 11240 7132 3100 2067 379 Fundraising Dinner 36455 31015 5440 3950 3937 2865 8950 53570 36890 16680 11082 7037 4932 9329 32380 -15700 1 Town of Hamilton 577 Bay Road Hamilton MA 01936 046001168 Town 35000 Gift in appreciation of town services. 1 0 Endowed Scholarships 133 896642 FMV of award amount Tuition reductions from full-tuition Named Scholarships 178 77153 488787 FMV of award amount Tuition reductions from full-tuition General Scholarships 1760 6342835 FMV of award amount Tuition reductions from full-tuition Part I, Line 2: All students who are applying for Federal financial aid are required to complete the FAFSA and the Gordon-Conwell financial aid application. The information obtained from these documents is used by the Financial Aid Office to determine eligibility of Federal and institutional aid. To assist with determining their eligibility, each student is assigned an institutional budget for the cost of attendance. This budget includes tuition, books and fees, room and board, health insurance, transportation, and a miscellaneous category. In general, Gordon-Conwell scholarships are either need-based or merit-based and any Gordon-Conwell aid that is awarded is factored into the eligibility for Federal aid. X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 Dennis P Hollinger President 198989 0 0 0 20286 0 11148 0 13644 0 244067 0 0 0 Jay I Trewern VP for Finance and Operations/CFO 138576 0 0 0 774 0 7052 0 10143 0 156545 0 0 0 Kurt W Drescher VP of Advancement 131044 0 0 0 414 0 6785 0 18015 0 156258 0 0 0 Rodney Cooper Professor 127903 0 0 0 1188 0 6740 0 14219 0 150050 0 0 0 James M Singleton Jr Professor 118597 0 0 0 1188 0 6665 0 28065 0 154515 0 0 0 Part I, Line 1a Travel for companions is restricted to spouses and only in accordance with the Spousal Travel Policy. DennisHollinger Officer 2nd Mortgage X 200000 200000 0 1 1 Jay Trewern Officer 2nd Mortgage X 125000 125000 0 1 1 Jeffrey Arthurs Highest Compensated Employees 2nd Mortgage X 125000 125000 0 1 1 450000 X 4510 Market quotations X 1 6900 Market quotations X 17 107311 Market quotations X Office Equip. 4 31526 Market quotations 0 1 0 Form 990, Part VI, Section B, line 11b Form 990 is prepared and reviewed by management. The return is then reviewed by the tax department of Gordon-Conwell's independent accountants. The public version of the return is next reviewed by the Audit Committee and then the public version of the return is provided to the Board of Trustees before the non-public version of the return is filed with the IRS. Form 990, Part VI, Section B, line 12c Gordon-Conwell requires a conflict of interest policy form to be signed annually by each Trustee, Leadership Team Member, and Faculty Member. The Chairman of the Board of Trustees is responsible for enforcing the policy for all Trustees. The President is responsible for enforcing the policy for all Leadership Team Members and Faculty Members. Form 990, Part VI, Section B, line 15 Compensation of Gordon-Conwell's President and Vice President for Finance and Operations/Chief Financial Officer is determined by the Executive Compensation & Personnel Committee, which is made up of independent members of the Board of Trustees. The Executive Compensation & Personnel Committee reviews compensation survey data for comparable positions at peer schools to determine reasonable and appropriate executive compensation. The final compensation amounts are approved and contemporaneously documented by the Executive Compensation & Personnel Committee and included in the fiscal year budget that is approved by the Board of Trustees. Form 990, Part VI, Section C, line 19 Gordon-Conwell makes its IRS Form 1023, IRS Form 990, IRS determination letter, governing documents, conflict of interest policy, and financial statements available to the public upon request. Public versions of the documents will be provided either via U.S. Postal Service or email. Gordon-Conwell also makes its Annual Report and financial statements available on its website. Form 990, Part X, Line 10: Land, Buildings, and Equipment Gordon-Conwell Theological Seminary, Inc. 130 Essex Street South Hamilton, MA 01982 EIN 04-2463847 Gordon-Conwell Theological Seminary, Inc. is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n). Form 990, Part XI, line 9: Change in Value, Remainder Trusts & Annuities -211,740. Losses on Uncollectible Pledges -41,000. Form 990, Part V, Line 3a: Gordon-Conwell has no unrelated business income. Its revenue is either directly related to its exempt function as a 501(c)(3) school or is excluded from unrelated business income due to the exclusions of rent from real property and all dividends, interest, annuities and other investment income. Form 990, Schedule L, Part II: Loans to and From Interested Persons Housing assistance loans are part of the Housing Assistance Program, which is a shared appreciation loan for the purchase of a home. The loan accrues interest during the life of the loan based on a shared appreciation formula and no interest or principal is paid until the borrower is required to pay off the loan. The loan is secured with a second mortgage on the house.