2014-05-14T13:55:29-05:00 2013-06-30 010523282 Berry Dunn McNeil & Parker LLC PO Box 1100 Portland ME 041041100 990 2012-07-01 042463847 Gordon-Conwell Theological Seminary Inc GORD 9784687111 130 Essex Street South Hamilton MA 019822317 Jay I Trewern 9784687111 2014-05-14 1 Barbara J McGuan CPA P00219457 2077752387 2014-05-14 2012 2015-11-30 17:44:51Z Dennis P Hollinger 130 Essex Street South Hamilton MA 019822317 41170885 0 X http://www.gordonconwell.edu X 1970 MA The Seminary provides graduate education in theology and religion. 26 25 668 25 0 0 6416157 8218074 19870594 21074139 2651081 2909927 153070 157662 29090902 32359802 4968182 6193332 0 0 14270391 14616263 39793 111660 1184981 9200856 8860387 28479222 29781642 611680 2578160 91175924 95951199 11556115 12155368 79619809 83795831 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 18991974 6193332 17031745 Provided graduate theological education that served over 2,700 students in FY13. The Seminary has four campuses: Hamilton, MA; Boston, MA; Charlotte, NC; and Jacksonville, FL. It offers 19 degree programs. 4091660 3483401 Provided auxiliary services in connection with the above, including housing, food services, bookstores, printing/copying, and nursery care. 1122385 558993 Provided continuing education in theological studies for pastors, laity, and others. 24206019 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 0 1 0 1 0 1 0 1 1 0 0 0 1 1 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 3152 0 1 668 1 0 0 0 0 1 1 0 0 0 0 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 1.00 X X 0 0 0 Claude R Alexander Jr 1.00 X X 0 0 0 Shirley A Redd 1.00 X X 0 0 0 Ivan C Hinrichs 1.00 X X 0 0 0 George F Bennett 1.00 X X 0 0 0 Joel B Aarsvold 1.00 X 0 0 0 Linda S Anderson 1.00 X 0 0 0 Garth T Bolinder 1.00 X 0 0 0 Richard P Camp Jr 1.00 X 0 0 0 Thomas J Colatosti 1.00 X 0 0 0 Stan D Gaede 1.00 X 0 0 0 Joyce A Godwin 1.00 X 0 0 0 Sharon F Gustafson 1.00 X 0 0 0 Michael E Haynes 1.00 X 0 0 0 Herbert P Hess 1.00 X 0 0 0 Caleb Loring III 1.00 X 0 0 0 Joanna S Mockler 1.00 X 0 0 0 Charles W Pollard 1.00 X 0 0 0 Fred L Potter 1.00 X 0 0 0 Samuel Rodriguez Jr 1.00 X 0 0 0 Virginia M Snoddy 1.00 X 0 0 0 Joseph W Viola 1.00 X 0 0 0 J Christy Wilson III 1.00 X 0 0 0 John H Womack 1.00 X 0 0 0 William C Wood 1.00 X 0 0 0 David D Swanson 1.00 X 0 0 0 Dennis P Hollinger 50.00 X X 187489 0 26988 Robert S Landrebe 50.00 X 107970 0 18570 Jay I Trewern 50.00 X 51380 0 3000 Frank A James 50.00 X 136954 0 25402 Kurt W Drescher 50.00 X 130256 0 22651 Sean M McDonough 50.00 X 102753 0 20036 716802 0 116647 5 0 1 0 Sodexo Inc and Affiliates PO Box 360170 Pittsburgh PA 152516170 Food Service 636615 Turnpike General Contracting Inc 239 Boston Street Topsfield MA 01983 Construction Contractor 517927 ServiceMaster of Middlesex County PO Box 414 N Andover MA 01845 Cleaning Services 208321 FMK Architects PA 123 New Bern Street Charlotte NC 28203 Architectural Services 142127 4 8218074 330448 8218074 Student Tuition & Fees 900099 17124496 17124496 Auxiliary Enterprises 900099 3629472 3629472 Contracts & Subscriptions 900099 125409 125409 Government Fees 900099 113481 113481 Other Revenue 900099 81281 81281 21074139 1181135 1181135 157662 0 157662 157662 157662 10539875 8811083 1728792 1728792 1728792 32359802 21074139 0 3067589 110870 110870 6032871 6032871 49591 49591 384134 384134 11663762 9266351 1669224 728187 424702 335774 62413 26515 1543375 1066110 399395 77870 600290 433827 142214 24249 32639 32639 63487 63487 111660 111660 81054 81054 2505398 2219273 270281 15844 164543 36492 113101 14950 1323862 915553 322528 85781 365467 40129 307525 17813 1445704 1382555 57700 5449 698694 502694 142729 53271 111554 78768 18979 13807 218598 216887 1711 1149111 744416 404695 Purchases for Resale 244326 244326 455950 415839 30526 9585 29781642 24206019 4390642 1184981 392303 380100 5754684 8616876 3209352 1994381 1478654 1332684 450000 451400 2964780 3020701 311695 292343 309720 254156 56609101 21057239 35512209 35551862 37120445 41095485 3672082 2961211 91175924 95951199 1751393 1827635 1000120 1037699 2155968 3001268 5659875 5283375 988759 1005391 11556115 12155368 X 25878619 25890693 8555688 9795459 45185502 48109679 79619809 83795831 91175924 95951199 X 2578160 2046621 -448759 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 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 46587733 1069547 -5879477 963302 1115145 80619 39618737 0.02000 0.88000 0.10000 0 0 2292411 2292411 47560448 15839082 31721366 6756242 5218157 1538085 35551862 Advances from Government for Federal Student Loans 1005391 1005391 27875202 2046621 -448759 1597862 26277340 6082462 6082462 32359802 23699180 0 23699180 6082462 6082462 29781642 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 normally using seven percent as the interest rate basis to determine present value. Description of Intended Use of Endowment Funds: 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 -448,759. Part XI, Line 4b - Other Adjustments: Student Aid 6,082,462. Part XII, Line 4b - Other Adjustments: Student Aid 6,082,462. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Explanation of Nondiscriminatory Policy Publication 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. Explanation of Government Financial Assistance 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 37036 Europe 0 0 Program Services Educational Instruction 4185 South America 0 0 Program Services Educational Instruction 3915 Sub-Saharan Africa 0 0 Program Services Educational Instruction 2565 East Asia and the Pacific 0 0 Program Services Educational Instruction 1890 0 0 0 0 0 0 49591 0 49591 General Scholarships Central America & Caribbean 144 0 37036 Tuition reduction from full-tuition FMV General Scholarships Europe 31 0 4185 Tuition reduction from full-tuition FMV General Scholarships South America 29 0 3915 Tuition reduction from full-tuition FMV General Scholarships Sub-Saharan Africa 19 0 2565 Tuition reduction from full-tuition FMV General Scholarships East Asia and the Pacific 14 0 1890 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. Part III, Column (c): The number of recipients is based on reporting by the program manager. X X X X X 1 The Focus Group 521 A1A Beach Blvd St Augustine FL 32080 Comprehensive Campaign Planning 0 0 31210 31210 Alyssa Walker 115 Old Farm Circle Williamsville NY 14221 Grant Writing 0 0 10300 10300 The DeMoss Group 3343 Peachtree Road NE Suite 1000 Atlanta GA 30326 Comprehensive Campaign Planning 0 0 66150 66150 107660 107660 CO MA NH WI AR NJ UT 1 Town of Hamilton 577 Bay Road Hamilton MA 01936 046001168 Town 102500 0 Gift in appreciation of town services. 1 0 Endowed Scholarships 181 0 1013240 FMV of award amount Tuition reductions from full-tuition Named Scholarships 97 132215 254457 FMV of award amount Tuition reduction from full-tuition General Scholarships 1479 0 4632959 FMV of award amount Tuition reduction from full-tuition Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, 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 186301 0 0 0 1188 0 9500 0 17488 0 214477 0 0 0 Frank A James 136180 0 0 0 774 0 6714 0 18688 0 162356 0 0 0 Kurt W Drescher 129986 0 0 0 270 0 6663 0 15988 0 152907 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 I Trewern Officer 2nd Mortgage X 125000 125000 0 1 1 Frank James Highest Compensated Employee 2nd Mortgage X 125000 25000 0 1 1 Sean McDonough Highest Compensated Employee 2nd Mortgage X 101400 101400 0 1 1 451400 X 358 Market quotations X 17 327111 Market quotations X Equipment 7 2979 Comparable Cost 0 1 1 Third Party Use: 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 Aarsvold is the Secretary and Trustee Hess is a member of the Board of Directors for the Billy Graham Evangelistic Association. 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. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 9: Change in Value, Remainder Trusts & Annuities -448,759. 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. Loans To and From Interested Persons Form 990, Schedule L, Part II: 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.