2015-05-14T11:25:15-05:00 2014-06-30 010523282 Berry Dunn McNeil & Parker LLC PO Box 1100 Portland ME 041041100 990 2013-07-01 042463847 Gordon-Conwell Theological Seminary Inc GORD 9784687111 130 Essex Street South Hamilton MA 019822317 Jay I Trewern CFO 9784687111 2015-05-14 1 Barbara J McGuan CPA P00219457 2077752387 2015-05-14 2013 2016-02-25 16:41:14Z Dennis P Hollinger 130 Essex Street South Hamilton MA 019822317 46925607 0 X http://www.gordonconwell.edu X 1970 MA The Seminary provides graduate education in theology and religion. 26 25 712 25 0 0 8218074 10494739 21074139 22474217 2909927 2460707 157662 145863 32359802 35575526 6193332 7669592 0 0 14616263 14657316 111660 103672 1430895 8860387 9652131 29781642 32082711 2578160 3492815 95951199 104780212 12155368 12770886 83795831 92009326 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 21266035 7669592 18320332 Provided graduate theological education that served over 2,871 students in FY14. The Seminary has four campuses: Hamilton, MA; Boston, MA; Charlotte, NC; and Jacksonville, FL. It offers 20 degree programs. 4354596 3619297 Provided auxiliary services in connection with the above, including housing, food services, bookstores, printing/copying, and nursery care. 998984 534588 Provided continuing education in theological studies for pastors, laity, and others. 26619615 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 3196 0 1 712 1 0 0 0 0 1 1 0 0 0 0 1 0 X 26 25 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CO MA NH WI X Jay I Trewern 9784687111 130 Essex Street South Hamilton MA 019822317 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 George F Bennett Past-Chairman Emeritus 1.00 X X 0 0 0 William F Graham Past-Chairman Emeritus 1.00 X 0 0 0 Joel B Aarsvold Trustee 1.00 X 0 0 0 Linda S Anderson Trustee 1.00 X 0 0 0 Diana C Bennett Trustee 1.00 X 0 0 0 Garth T Bolinder Trustee 1.00 X 0 0 0 Richard P Camp Jr Trustee 1.00 X 0 0 0 Thomas J Colatosti 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 F 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 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 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 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 200936 0 26707 Jay I Trewern VP for Finance and Operations/CFO 50.00 X 134550 0 22363 Kurt W Drescher VP of Advancement 50.00 X 129294 0 22101 Rodney Cooper Professor 50.00 X 116110 0 25289 James M Singleton Jr Professor 50.00 X 114130 0 22178 Sean M McDonough Professor 50.00 X 103705 0 19673 Jeffrey D Arthurs Professor 50.00 X 103565 0 21168 902290 0 159479 7 0 1 0 Sodexo Inc and Affiliates PO Box 360170 Pittsburgh PA 152516170 Food Service 702575 ServiceMaster of Middlesex County PO Box 414 N Andover MA 01845 Cleaning Services 204099 Turnpike General Contracting Inc 239 Boston Street Topsfield MA 01983 Construction Contractor 175615 ENE Systems Inc 480 Neponset Street Canton MA 02021 Repair & Maintenance 158281 4 63225 10431514 402481 10494739 Student Tuition & Fees 900099 18586090 18586090 Auxiliary Enterprises 900099 3619297 3619297 Contracts & Subscriptions 900099 123794 123794 Government Fees 900099 112304 112304 Other Revenue 900099 32732 32732 22474217 1033192 1033192 151373 0 151373 151373 151373 12772086 11344571 1427515 1427515 1427515 0 63225 5510 -5510 -5510 35575526 22474217 0 2606570 108292 108292 6918686 6918686 642614 642614 397318 397318 11728837 9472565 1554291 701981 406422 328238 53859 24325 1500113 1072017 299073 129023 624626 459747 120395 44484 8153 8153 70826 70826 103672 103672 89095 89095 2625618 2391274 200430 33914 121929 22027 81502 18400 1431821 1007558 293322 130941 385429 39177 314370 31882 1568454 1504972 59256 4226 862724 609234 132556 120934 96485 63528 23417 9540 270612 266997 3615 1191626 786783 404843 65895 4422 61473 Purchases for Resale 241946 241946 621518 582290 23128 16100 32082711 26619615 4032201 1430895 380100 602498 8616876 8035998 1994381 1497012 1332684 1402455 451400 551400 3020701 3152106 292343 281761 254156 285665 57629334 22247837 35551862 35381497 41095485 50354377 2961211 3235443 95951199 104780212 1827635 2504514 1037699 1199047 3001268 3187973 5283375 4906875 1005391 972477 12155368 12770886 X 25890693 25953269 9795459 16081115 48109679 49974942 83795831 92009326 95951199 104780212 X 3492815 4858847 -138167 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 50688689 227430 6497900 1080132 1229566 89095 55015226 45485091 2887779 4473713 927874 1148966 81054 50688689 46279362 720094 552266 864114 1123355 79162 45485091 41404836 117567 6812681 879755 1097432 78535 46279362 39618737 318163 3557691 917718 1095984 76053 41404836 0.02000 0.85000 0.13000 0 0 2292411 2292411 48211792 16702491 31509301 7125131 5545346 1579785 35381497 Advances from Government for Federal Student Loans 972477 972477 32740416 4858847 -132657 4726190 28014226 7561300 7561300 35575526 24526921 5510 5510 24521411 7561300 7561300 32082711 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 seven and eight 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, Remainder Trusts & Annuities -138,167. Fundraising Revenues netted Against Expenses 5,510. Part XI, Line 4b - Other Adjustments: Student Aid 7,561,300. Part XII, Line 2d - Other Adjustments: Fundraising Revenues netted Against Expenses 5,510. Part XII, Line 4b - Other Adjustments: Student Aid 7,561,300. 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 370740 Europe 0 0 Program Services Educational Instruction 68050 South America 0 0 Program Services Educational Instruction 77700 Sub-Saharan Africa 0 0 Program Services Educational Instruction 35520 East Asia and the Pacific 0 0 Program Services Educational Instruction 90604 0 0 0 0 0 0 642614 0 642614 General Scholarships Central America & Caribbean 349 370740 Tuition reduction from full-tuition FMV General Scholarships Europe 66 68050 Tuition reduction from full-tuition FMV General Scholarships South America 70 77700 Tuition Reduction from full-tuition FMV General Scholarships Sub-Saharan Africa 32 35520 Tuition Reduction from full-tuition FMV General Scholarships East Asia and Pacific 91 90604 Tuition Reduction from full-tuition FMV 0 0 0 0 0 0 Part I, Line 2 & Part I, Column (f), Line 3 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 Alyssa Walker 115 Old Farm Circle Williamsville NY 14221 Grant Writing 0 0 9863 9863 The Focus Group 521 A1A Beach Blvd St Augustine FL 32080 Comprehensive Campaign Planning 0 0 6389 6389 The DeMoss Group 3343 Peachtree Road NE Suite 1000 Atlanta GA 30326 Comprehensive Campaign Planning 0 0 44902 44902 William R Hausman 10 Wallace Road Rockport MA 01966 Comprehensive Campaign Planning 0 0 42518 42518 103672 103672 CO MA NH WI AR NJ UT Campaign Dinner 63225 63225 0 0 0 4499 200 811 63225 63225 4499 200 811 5510 -5510 1 Town of Hamilton 577 Bay Road Hamilton MA 01936 046001168 Town 100000 0 Gift in appreciation of town services. 1 Endowed Scholarships 194 0 1214015 FMV of award amount Tuition reductions from full-tuition Named Scholarships 186 127344 356665 FMV of award amount Tuition reduction from full-tuition General Scholarships 1336 0 5220662 FMV of award amount Tuition reduction 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 198815 0 0 0 2121 0 9769 0 16938 0 227643 0 0 0 Jay I Trewern VP for Finance and Operations/CFO 134136 0 0 0 414 0 6925 0 15438 0 156913 0 0 0 Kurt W Drescher VP of Advancement 128886 0 0 0 408 0 6663 0 15438 0 151395 0 0 0 Part I, Line 1a Travel for companions is restricted to spouses and only in accordance with the Spousal Travel Policy. Dennis Hollinger Officer 2nd Mortgage X 200000 200000 0 1 1 Jay Trewern Officer 2nd Mortgage X 125000 125000 0 1 1 Sean McDonough Highest Compensated Employee 2nd Mortgage X 101400 101400 0 1 1 Jeffrey Arthurs Highest Compensated Employee 2nd Mortgage X 125000 125000 0 1 1 551400 X 1 4003 Market quotations X 19 398478 Market quotations 0 1 1 Part I, Line 32b: The Seminary uses State Street Bank and Fidelity Investments to process and immediately sell any publicly traded stock contributions. Form 990, Part VI, Section A, line 2 Trustee Graham is the Chairman, Trustee Aarsvold is the Secretary, and Trustee Hess is a member of the Board of Directors for the Billy Graham Evangelistic Association. Past Chairman Emeritus George F. Bennett is the father-in-law to Trustee Diana Bennett. Form 990, Part VI, Section B, line 11 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 XI, line 9: Change in Value, Remainder Trusts & Annuities -138,167. 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.