2025-11-10T11:57:18-06:00 2025-06-30 560570567 DMJPS PLLC 434 COPPERFIELD BLVD NE CONCORD NC 28025 990 2024-07-01 562231069 HOOD THEOLOGICAL SEMINARY HOOD 7046366454 1810 LUTHERAN SYNOD DRIVE SALISBURY NC 28144 DR VERGEL LATTIMORE PRESIDENT 7046366454 2025-11-07 1 1 ERIC SMITH P01353108 7047868189 2024 2025-03-06 01:10:19Z DR VERGEL LATTIMORE 1810 LUTHERAN SYNOD DRIVE SALISBURY NC 28144 7324022 0 X WWW.HOODSEMINARY.EDU X EDUCATIONAL INSTITUTION 2001 NC EDUCATIONAL INSTITUTION 21 21 67 0 0 0 1566880 1648859 1314608 1178375 691454 886555 71898 60767 3644840 3774556 77925 125783 0 0 1723745 1865341 0 0 420866 1589597 1907125 3391267 3898249 253573 -123693 19965060 21232514 1943446 2739392 18021614 18493122 EDUCATIONAL INSTITUTION 0 0 1843553 125783 1202353 THE ORGANIZATION IS AN INSTITUTION OF HIGHER EDUCATION AND PROVIDES INSTRUCTION, SCHOLARSHIPS AND VARIOUS SUPPORT SERVICES IN ACHIEVING ITS PRIMARY PURPOSE 1843553 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 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 32 0 67 1 0 0 0 0 0 0 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X THE ORGANIZATION 7046366454 1810 LUTHERAN SYNOD DRIVE SALISBURY NC 28144 DR CURTIS T WALKER SR TRUSTEE EMERITUS 2.00 X 0 0 0 SANDRA CROWDER TRUSTEE 2.00 X 0 0 0 BISHOP GEORGE W C WALKER SR TRUSTEE EMERITUS 2.00 X 0 0 0 JANET WARD BLACK TRUSTEE EMERITUS 2.00 X 0 0 0 BISHOP JOSEPH JOHNSON TRUSTEE EMERITUS 2.00 X 0 0 0 REV DR DOUGLAS L MAVEN TRUSTEE 2.00 X X 0 0 0 DR CHARLIE DAVIDSON TRUSTEE 2.00 X 0 0 0 JUDGE ADELE M RILEY TRUSTEE 2.00 X 0 0 0 REV DR SHELDON SHIPMAN SECRETARY 5.00 X X 0 0 0 DR GAIL HOUNSHELL TRUSTEE 2.00 X 0 0 0 DR SANDRA L GADSON TRUSTEE 2.00 X 0 0 0 BISHOP DARAN MITCHELL TRUSTEE 2.00 X X 0 0 0 BISHOP DWAYNE A WALKER TRUSTEE 2.00 X 0 0 0 REV DR RANDELL A CAIN JR TRUSTEE 2.00 X 0 0 0 REV DR NILOUS M AVERY II TRUSTEE 2.00 X 0 0 0 BISHOP GEORGE D CRENSHAW VICE CHAIRMAN 5.00 X 0 0 0 BISHOP W DARIN MOORE CHAIRMAN 5.00 X X 0 0 0 BISHOP DARRYL B STARNES TRUSTEE 2.00 X X 0 0 0 DR VERGEL L LATTIMORE SEMINARY PRESIDENT 60.00 X 192809 0 8150 DEAN CAROLINE L LATTIMORE TRUSTEE 2.00 X 0 0 0 REV PATRICK BARRETT TRUSTEE/ASST. SECRETARY 5.00 X 0 0 0 REV DR FREDERICK BOWMAN TRUSTEE 2.00 X 0 0 0 REV DR KEVIN B WESTON TRUSTEE 2.00 X 0 0 0 REV DR TIMOTHY FREEMAN HTSNAA PRESIDENT 2.00 X 0 0 0 BISHOP BRIAN R THOMPSON SR TRUSTEE 2.00 X 0 0 0 DR GREGORY ALCORN TRUSTEE 2.00 X 0 0 0 REV DR SIDNEY E DAVIS SR TRUSTEE 2.00 X 0 0 0 192809 0 8150 2 0 1 0 0 33816 1615043 21750 1648859 TUITION 611310 1178375 1178375 1178375 590741 590741 162880 126091 36789 36789 36789 3719189 3422501 874 296688 -874 295814 295814 ALUMNI DUES/REVENUE 611310 22681 22681 MISCELLANEOUS 611310 1297 1297 23978 3774556 1202353 0 923344 125783 125783 1416479 532625 636643 247211 51245 12968 27751 10526 301686 52793 223838 25055 95931 38027 42067 15837 21250 21250 47400 47400 85186 85186 158179 46339 106189 5651 3869 3869 166895 68426 90124 8345 55313 43307 6724 5282 65753 4011 2889 58853 845 845 196372 80512 106041 9819 51376 21064 27743 2569 GRANT EXPENSES 760819 760819 0 0 SUPPLIES & MINOR EQUIPM 79305 23334 53296 2675 MISCELLANEOUS 71453 27202 43943 308 DUES & SUBCRIPTIONS 59297 0 59297 0 83813 6343 48735 28735 3898249 1843553 1633830 420866 3218810 2786745 142497 128366 70128 73957 6377850 2718128 3751537 3659722 12668062 14504757 114026 78967 19965060 21232514 80471 57054 127502 147292 1735473 2535046 1943446 2739392 X 5186482 3932317 12835132 14560805 18021614 18493122 19965060 21232514 -123693 595201 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10371630 130225 841027 11342882 9324499 185633 861498 10371630 8785179 75583 463737 9324499 9230258 413541 -858620 8785179 7778466 217447 1234344 9230258 1.00000 0 0 29799 29799 103101 37491 65610 5087114 1687739 3399375 1157836 992898 164938 3659722 DAMAGE AND KEY DEPOSITS 8927 REFUNDABLE ADVANCES 2460495 OPERATING LEASE LIABILITY 65624 2535046 X 4286605 595201 127817 723018 3563587 210969 210969 3774556 3815097 127817 127817 3687280 210969 210969 3898249 PART V, LINE 4: PART VI, LINE 4 INTENDED USE OF ENDOWMENT FUNDS: SCHOLARSHIPS AND FINANCIAL SUPPORT OF THE SEMINARY PART X, LINE 2: THE ORGANIZATION HAS ADOPTED ASC 740-10 AS IT RELATES TO UNCERTAIN TAX POSITIONS FOR THE TAX YEARS AND HAS EVALUATED ITS TAX POSITIONS FOR ALL OPEN TAX YEARS. HOWEVER, THE ORGANIZATION IS NOT CURRENTLY UNDER AUDIT NOR HAS THE ORGANIZATION BEEN CONTACTED BY THE INTERNAL REVENUE SERVICE. BASED ON AN EVALUATION OF THE ORGANIZATION'S TAX POSITIONS, MANAGEMENT BELIEVES ALL POSITIONS TAKEN WOULD BE UPHELD UNDER AN EXAMINATION. THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED FOR THE YEARS ENDED JUNE 30, 2025 AND 2024. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS INVESTMENT FEES PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS INVESTMENT FEES 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THROUGH PRINT AND ELECTRONIC MEDIA SCHEDULE E, PART I, LINE 6 HOOD THEOLOGICAL SEMINARY STUDENTS RECEIVE FINANCIAL ASSISTANCE THROUGH THE U.S. DEPARTMENT OF EDUCATION FEDERAL DIRECT STUDENT LOAN PROGRAM. FUNDS RECEIVED ARE USED TO PAY TUITION AND FEES. FEDERAL WORK STUDY AWARDS ASSIST STUDENTS THROUGH PARTIAL PAYMENT OF ON-CAMPUS JOBS TO ASSIST IN MEETING STUDENT FINANCIAL NEED. 1 SCHOLARSHIPS AND FINANCIAL AID 125783 CASH VALUE PART I, LINE 2: FINANCIAL ASSISTANCE IS AWARDED TO STUDENTS ON THE BASIS OF NEED AND/OR MERIT AS DETERMINED BY SEMINARY ADMISSIONS AND FINANCIAL AID PERSONNEL X 1 0 X X 0 0 0 0 0 0 0 0 0 DR VERGEL L LATTIMORE SEMINARY PRESIDENT 176509 0 0 0 16300 0 8150 0 0 0 200959 0 0 0 PART I, LINE 1A DR. LATTIMORE IS AN ORDAINED MINISTER. HOUSING ALLOWANCE PROVIDED AS NON-TAXABLE COMPENSATION. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT COPY OF THE 990 RETURN WAS PRESENTED TO THE FINANCE COMMITTEE FOR REVIEW AND APPROVAL. THE FINANCE COMMITTEE PRESENTED THE APPROVED DRAFT FOR FINAL APPROVAL BY THE FULL BOARD OF TRUSTEES AT THEIR REGULARLY SCHEDULED MEETING. FORM 990, PART VI, SECTION B, LINE 12C BOARD TRUSTEES ARE ASKED TO VERBALLY DISCLOSE ANY REAL OR POTENTIAL CONFLICTS OF INTEREST WITH THE SEMINARY AT EACH MEETING OF THE BOARD OF TRUSTEES. ANY ISSUES THAT MAY BE RAISED REGARDING CONFLICTS OF INTEREST ARE DISCUSSED AND RESOLVED AT THE BOARD OF TRUSTEES' LEVEL. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE SEMINARY'S PRESIDENT IS APPROVED ANUALLY BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. ALL OTHER COMPENSATIONS ARE DISCUSSED AND DECIDED BY THE PRESIDENT AND THE CHIEF FINANCIAL OFFICER AND HUMAN RESOURCES DIRECTOR, IN LIGHT OF EACH EMPLOYEE'S ANNUAL WRITTEN EVALUATION, AND ARE TREATED CONFIDENTIALLY. FORM 990, PART VI, SECTION C, LINE 19 THE SEMINARY'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC INSPECTION AT THE SEMINARY OFFICES UPON REQUEST. SEMINARY STAFF ARE AVAILABLE TO PROVIDE SUPERVISION AND ANSWER ANY QUESTIONS THE INQUIRING PARTY MAY HAVE. FORM 990 PART XI LINE 2C EXPLANATION: ORGANIZATION OVERSIGHT OF AUDIT: THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS THE AUDIT PREPARED BY THE INDEPENDENT AUDITORS AND HOLDS A MEETING WITH THE AUDITORS PRIOR TO THE FINAL RELEASE OF THE AUDIT. THE FINDINGS OF THE FINANCE COMMITTEE ARE THEN PRESENTED TO THE FULL BOARD OF TRUSTEES IN THE PRESENCE OF THE INDEPENDENT AUDITORS. THE AUDITORS ARE AVAILABLE TO ANSWER QUESTIONS AND CLARIFY POINTS IN THE AUDIT AS NEEDED.