UNION THEOLOGICAL SEMINARY: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- UNION THEOLOGICAL SEMINARY (EIN 13-1624238)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2014-05-15
- IRS object ID
- 201441359349306034
- Schema version
- 2012v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule I
- Schedule J
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-05-15T13:17:53-05:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 271728945 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | O'CONNOR DAVIES LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 15 ESSEX RD | AddressLine1 |
| City | PARAMUS | City |
| State | NJ | State |
| ZIP Code | 076521412 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 131624238 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNION THEOLOGICAL SEMINARY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | UNIO | NameControl |
| Phone | 2126627100 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3041 BROADWAY | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10027 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | SERENE JONES | Name |
| Title | PRESIDENT | Title |
| Phone | 2126627100 | Phone |
| Date Signed | 2014-05-12 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | BRIAN M FLYNN | Name |
| PTIN | P00739850 | PTIN |
| Phone | 2017129800 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | SERENE JONES | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3041 BROADWAY | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10027 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 21549923 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.UTSNYC.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1836 | YearFormation |
| State Legal Domicile | NY | StateLegalDomicile |
| Activity Or Mission Description | TO PROVIDE THEOLOGICAL EDUCATION. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 28 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 27 | NbrIndependentVotingMembers |
| Total Nbr Employees | 270 | TotalNbrEmployees |
| Total Nbr Volunteers | 60 | TotalNbrVolunteers |
| Total Gross UBI | 830910 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -24922 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 5902315 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 3649793 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 4723434 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 4704998 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 2608106 | InvestmentIncomePriorYear |
| Investment Income Current Year | 1444972 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 6292991 | OtherRevenuePriorYear |
| Other Revenue Current Year | 6198064 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 19526846 | TotalRevenuePriorYear |
| Total Revenue Current Year | 15997827 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 3109072 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 3326220 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 8816413 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 9712031 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 1430996 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 8039222 | OtherExpensePriorYear |
| Other Expenses Current Year | 7927474 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 19964707 | TotalExpensesPriorYear |
| Total Expenses Current Year | 20965725 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -437861 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -4967898 | RevenuesLessExpensesCY |
| Total Assets BOY | 111955202 | TotalAssetsBOY |
| Total Assets EOY | 118574037 | TotalAssetsEOY |
| Total Liabilities BOY | 16091727 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 15882693 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 95863475 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 102691344 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | THE MISSION OF UNION THEOLOGICAL SEMINARY, AN INDEPENDENT, MULTI-DENOMINATIONAL SEMINARY IN THE CITY OF NEW YORK, DERIVES FROM A CHRISTIAN HERITAGE THAT IS AT ONCE PROGRESSIVE AND EVANGELISTIC: TO EDUCATE LEADERS FOR MINISTRY IN CHURCHES AND RELATED ORGANIZATIONS, TO EXTEND THE WORK OF SOCIAL JUSTICE AND TO ENRICH THE ACADEMY THROUGH TEACHING AND RESEARCH. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 14919673 | Expense |
| Grants | 3326220 | Grants |
| Revenue | 10635444 | Revenue |
| Description | PROVIDE GRADUATE EDUCATIONAL PROGRAMS TO MORE THAN 300 FULL-TIME AND PART-TIME STUDENTS | Description |
| Total Program Service Expense | 14919673 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 1 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 82 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 270 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 28 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 27 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | NY | StatesWhereCopyOfReturnIsFiled |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RICHARD MADONNA | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 2122801402 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3041 BROADWAY | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10027 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (37 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| THE REV DR SERENE JONES | ||||||||
| PRESIDENT | 40.00 | X | X | 277999 | 0 | 189927 | ||
| DAVID M CALLARD | ||||||||
| TRUSTEE | 1.50 | X | 0 | 0 | 0 | |||
| SHARON M DAVISON | ||||||||
| TRUSTEE (LEFT IN APRIL 2013) | 1.50 | X | 0 | 0 | 0 | |||
| BLAKE T FRANKLIN | ||||||||
| TRUSTEE | 1.50 | X | 0 | 0 | 0 | |||
| CATHERINE M GEORGE | ||||||||
| TRUSTEE | 1.50 | X | 0 | 0 | 0 | |||
| THE HON WILLIAM H HUDNUT III | ||||||||
| TRUSTEE | 1.50 | X | 0 | 0 | 0 | |||
| KEVIN B JENNINGS | ||||||||
| TRUSTEE | 1.50 | X | 0 | 0 | 0 | |||
| ANNE HALE JOHNSON | ||||||||
| TRUSTEE | 1.50 | X | 0 | 0 | 0 | |||
| MICHAEL J JOHNSTON | ||||||||
| TRUSTEE | 1.50 | X | 0 | 0 | 0 | |||
| THE REV DR EMMA JORDAN-SIMPSON | ||||||||
| VICE CHAIR | 1.50 | X | X | 0 | 0 | 0 | ||
| MICHAEL J KELLY | ||||||||
| TRUSTEE | 1.50 | X | 0 | 0 | 0 | |||
| DR TIMOTHY LIGHT | ||||||||
| TRUSTEE | 1.50 | X | 0 | 0 | 0 | |||
| SR JOAN MAGNETTI | ||||||||
| TRUSTEE | 1.50 | X | 0 | 0 | 0 | |||
| DR JOHN D MAGUIRE | ||||||||
| VICE CHAIR (LEFT IN JUNE 11, 2013) | 1.50 | X | X | 0 | 0 | 0 | ||
| GINA G MACARTHUR | ||||||||
| TRUSTEE | 1.50 | X | 0 | 0 | 0 | |||
| ROBERT A MILANESE | ||||||||
| TRUSTEE | 1.50 | X | 0 | 0 | 0 | |||
| CALVIN M MEW | ||||||||
| TRUSTEE | 1.50 | X | 0 | 0 | 0 | |||
| CHANG K PARK | ||||||||
| TRUSTEE | 1.50 | X | 0 | 0 | 0 | |||
| HE GENE RAINBOLT | ||||||||
| TRUSTEE (LEFT IN NOVEMBER 2012) | 1.50 | X | 0 | 0 | 0 | |||
| SUSAN K REED | ||||||||
| TRUSTEE | 1.50 | X | 0 | 0 | 0 | |||
| DR W ANN REYNOLDS | ||||||||
| TRUSTEE (LEFT IN APRIL 2013) | 1.50 | X | 0 | 0 | 0 | |||
| JAMES SLIGAR | ||||||||
| TRUSTEE | 1.50 | X | 0 | 0 | 0 | |||
| THE VERY REV PETERO AN SABUNE | ||||||||
| TRUSTEE | 1.50 | X | 0 | 0 | 0 | |||
| DR CATHARINE R STIMPSON | ||||||||
| TRUSTEE (LEFT IN JULY 2, 2013) | 1.50 | X | 0 | 0 | 0 | |||
| H MITCHELL WATSON JR | ||||||||
| TRUSTEE (LEFT IN JULY 2, 2013) | 1.50 | X | 0 | 0 | 0 | |||
| DR MARY H WHITE | ||||||||
| CHAIRMAN (LEFT IN JULY 2, 2013) | 1.50 | X | X | 0 | 0 | 0 | ||
| MICHELE R CAMERON | ||||||||
| TRUSTEE | 1.50 | X | 0 | 0 | 0 | |||
| MARGARET M CANNELLA | ||||||||
| TRUSTEE (LEFT IN NOVEMBER 2012) | 1.50 | X | 0 | 0 | 0 | |||
| WOLCOTT B DUNHAM JR | ||||||||
| TRUSTEE | 1.50 | X | 0 | 0 | 0 | |||
| MIRIAM MARCUS WARDEN | ||||||||
| TRUSTEE | 1.50 | X | 0 | 0 | 0 | |||
| WILLIAM T REILAND | ||||||||
| TRUSTEE | 1.50 | X | 0 | 0 | 0 | |||
| THE REV AMY GOPP | ||||||||
| TRUSTEE | 1.50 | X | 0 | 0 | 0 | |||
| THE REV DR DERRICK HARKINS | ||||||||
| TRUSTEE | 1.50 | X | 0 | 0 | 0 | |||
| THE REV FREDERICK DAVIE | ||||||||
| SECRETARY | 40.00 | X | 197018 | 0 | 39327 | |||
| RICHARD MADONNA | ||||||||
| TREASURER | 40.00 | X | 206351 | 0 | 36223 | |||
| BOB BOMERSBACH | ||||||||
| VP INSTITUTIONAL ADVANCEMENT | 40.00 | 157217 | 0 | 34029 | X | |||
| JAMES CONE | ||||||||
| PROFESSOR | 40.00 | 135353 | 0 | 109195 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 973938 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 408701 | TotalOtherCompensation |
| Number Individuals GT100 K | 12 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| NEWMARK GRUBB KNIGHT FRANK | |||||
| 125 PARK AVE | NEW YORK | NY | 10017 | FACILITIES STAFFING | 1761726 |
| BROADWAY 104 LLC | |||||
| 2723 BROADWAY | NEW YORK | NY | 10025 | CATERING/FOOD SERVICE | 179204 |
| PROVEN GENERAL ENTERPRISES | |||||
| 435 RIVERSIDE DRIVE SUITE F | NEW YORK | NY | 10025 | REPAIRS | 148853 |
| CAMBRIDGE ASSOCIATES LLC | |||||
| PO BOX 83232 | CHICAGO | IL | 60691 | INVESTMENT MANAGEMENT ADVICE | 143003 |
| G4S SECURE SOLUTIONS INC | |||||
| PO BOX 83232 | CHICAGO | IL | 60691 | SECURITY SERVICES | 136439 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 10 | NumberOfContractorsGT100K |
| Government Grants | 90872 | GovernmentGrants |
| All Other Contributions | 3558921 | AllOtherContributions |
| Noncash Contributions | 687446 | NoncashContributions |
| Total Contributions | 3649793 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION AND FEES | 611710 | 4693312 | 4693312 |
| AUXILIARY ENTERPRISES SALES & SER | 532000 | 11686 | 11686 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 4704998 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 988558 | TotalRevenueColumn |
| Exclusion | $988,558 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 5930446 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 0 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 5930446 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 5930446 | TotalRevenueColumn |
| Related Or Exempt Function Income | 5099536 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 830910 | UnrelatedBusinessRevenue |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 6008510 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 5552096 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 456414 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 456414 | TotalRevenueColumn |
| Exclusion | $456,414 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount |
|---|---|---|---|
| OTHER REVENUE | 900099 | 144397 | $144,397 |
| STUDENT FEES | 900099 | 76248 | $76,248 |
| USQR INCOME - SUBSCRIPTION | 900099 | 19722 | $19,722 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 27251 | TotalRevenueColumn |
| Exclusion | $27,251 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 267618 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 15997827 | TotalRevenueColumn |
| Related Or Exempt Function Income | 9804534 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 830910 | UnrelatedBusinessRevenue |
| Exclusion | $1,712,590 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3326220 | Total |
| Program Services | 3326220 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1272234 | Total |
| Program Services | 627247 | ProgramServices |
| Management And General | 456458 | ManagementAndGeneral |
| Fundraising | 188529 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6462130 | Total |
| Program Services | 3892581 | ProgramServices |
| Management And General | 2121799 | ManagementAndGeneral |
| Fundraising | 447750 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1194511 | Total |
| Program Services | 720971 | ProgramServices |
| Management And General | 347491 | ManagementAndGeneral |
| Fundraising | 126049 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 783156 | Total |
| Program Services | 472689 | ProgramServices |
| Management And General | 227825 | ManagementAndGeneral |
| Fundraising | 82642 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 118160 | Total |
| Program Services | 114464 | ProgramServices |
| Fundraising | 3696 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 74584 | Total |
| Program Services | 74584 | ProgramServices |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 381686 | Total |
| Management And General | 381686 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 421728 | Total |
| Program Services | 49416 | ProgramServices |
| Management And General | 60763 | ManagementAndGeneral |
| Fundraising | 311549 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 20564 | Total |
| Program Services | 14957 | ProgramServices |
| Management And General | 5607 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 992179 | Total |
| Program Services | 595497 | ProgramServices |
| Management And General | 297962 | ManagementAndGeneral |
| Fundraising | 98720 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 889155 | Total |
| Program Services | 881723 | ProgramServices |
| Management And General | 6843 | ManagementAndGeneral |
| Fundraising | 589 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 30184 | Total |
| Program Services | 11289 | ProgramServices |
| Management And General | 18895 | ManagementAndGeneral |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 114518 | Total |
| Program Services | 26291 | ProgramServices |
| Management And General | 32762 | ManagementAndGeneral |
| Fundraising | 55465 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 652960 | Total |
| Program Services | 652960 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1598703 | Total |
| Program Services | 1589031 | ProgramServices |
| Management And General | 9672 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 325185 | Total |
| Program Services | 321935 | ProgramServices |
| Management And General | 3250 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| FACILITIES AND MAINTENA | 676170 | 642537 | 19876 | 13757 |
| MISCELLANEOUS EXPENSE | 616558 | 239262 | 368116 | 9180 |
| DUES & SUBSCRIPTIONS | 372962 | 248396 | 115272 | 9294 |
| HOSPITALITY | 301574 | 89526 | 128272 | 83776 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 340604 | Total |
| Program Services | 328097 | ProgramServices |
| Management And General | 12507 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 20965725 | Total |
| Program Services | 14919673 | ProgramServices |
| Management And General | 4615056 | ManagementAndGeneral |
| Fundraising | 1430996 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 700 | BOY |
| EOY | 700 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2798059 | BOY |
| EOY | 1638633 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2077963 | BOY |
| EOY | 2051638 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 61883 | BOY |
| EOY | 730894 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 128432 | BOY |
| EOY | 101497 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 54993111 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 38259668 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17199041 | BOY |
| EOY | 16733443 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 44789487 | BOY |
| EOY | 46851940 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 43238418 | BOY |
| EOY | 48806723 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1525872 | BOY |
| EOY | 1542557 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 135347 | BOY |
| EOY | 116012 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 111955202 | BOY |
| EOY | 118574037 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1877961 | BOY |
| EOY | 1781887 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 90178 | BOY |
| EOY | 83394 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12104557 | BOY |
| EOY | 11918682 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2019031 | BOY |
| EOY | 2098730 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16091727 | BOY |
| EOY | 15882693 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 43350064 | BOY |
| EOY | 44867088 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7696208 | BOY |
| EOY | 11696092 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 44817203 | BOY |
| EOY | 46128164 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 95863475 | BOY |
| EOY | 102691344 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 111955202 | BOY |
| EOY | 118574037 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -4967898 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 11658090 | ReconciliationUnrealizedInvest |
| Reconcilation Other Changes | 137677 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtc |
| Included On FS | 1 | IncludedOnFS |
| Explanation In Part XIII | X | ExplanationInPartXIII |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 84626367 | BeginningOfYearBalance |
| Contributions | 1271807 | Contributions |
| Investment Earnings Or Losses | 13020766 | InvestmentEarningsOrLosses |
| Other Expenditures | 4637730 | OtherExpenditures |
| End Of Year Balance | 94281210 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 86515547 | BeginningOfYearBalance |
| Contributions | 3455200 | Contributions |
| Investment Earnings Or Losses | -970522 | InvestmentEarningsOrLosses |
| Other Expenditures | 4373858 | OtherExpenditures |
| End Of Year Balance | 84626367 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 77196953 | BeginningOfYearBalance |
| Contributions | 1114603 | Contributions |
| Investment Earnings Or Losses | 14456447 | InvestmentEarningsOrLosses |
| Other Expenditures | 4449811 | OtherExpenditures |
| End Of Year Balance | 88318192 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 72017409 | BeginningOfYearBalance |
| Contributions | 669938 | Contributions |
| Investment Earnings Or Losses | 9310245 | InvestmentEarningsOrLosses |
| Other Expenditures | 4800639 | OtherExpenditures |
| End Of Year Balance | 77196953 | EndOfYearBalance |
Current Year Minus4 Years CurrentYearMinus4Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 88636805 | BeginningOfYearBalance |
| Contributions | 368392 | Contributions |
| Investment Earnings Or Losses | -11994154 | InvestmentEarningsOrLosses |
| Other Expenditures | 4993634 | OtherExpenditures |
| End Of Year Balance | 72017409 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.46750 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.47300 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.05950 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1928226 | OtherCostOrOtherBasis |
| Book Value | 1928226 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 46152331 | OtherCostOrOtherBasis |
| Depreciation | 34374501 | Depreciation |
| Book Value | 11777830 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3983434 | OtherCostOrOtherBasis |
| Depreciation | 3725498 | Depreciation |
| Book Value | 257936 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2929120 | OtherCostOrOtherBasis |
| Depreciation | 159669 | Depreciation |
| Book Value | 2769451 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 16733443 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (5 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| COMMINGLED TRUST FUND | 33020057 | F |
| HEDGE FUNDS | 9510841 | F |
| INVESTMENT IN OIL AND GAS PARTNERSHIPS | 4655927 | C |
| ASSETS HELD IN CHARITABLE REMAINDER TRUSTS | 1377058 | C |
| BENEFICIAL INTEREST IN CHARITABLE REMAINDER TRUST | 242840 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 48806723 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| POSTRETIREMENT BENEFITS LIABILITIES | $661,711 |
| GIFT ANNUITY PAYABLE | $758,116 |
| REFUNDABLE ADVANCES - US GOVERNMENT GRANTS | $678,903 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 2098730 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 24467374 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 11658090 | NetUnrealizedGainsInvestments |
| Other Revenues | 137677 | OtherRevenues |
| Revenue Not Rptd F990 | 11795767 | RevenueNotRptdF990 |
| Revenue Subtotal | 12671607 | RevenueSubtotal |
| Other Revenues Not Included | 3326220 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 3326220 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 15997827 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 17639505 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 17639505 | ExpensesSubtotal |
| Other Expenses Not Included | 3326220 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 3326220 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 20965725 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (7 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| PART IV, LINE 2B: | THE SEMINARY HAS SECURE DEPOSITS FOR STUDENTS LIVING IN HOUSING RESIDENCES. WHEN THEY VACATE, IT WILL BE RETURNED TO THE STUDENTS. | |
| PART V, LINE 4: | TO PROVIDE LONG TERM SUPPORT FOR THE ORGANIZATION'S PROGRAM SERVICES | DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: |
| PART X, LINE 2: | THE SEMINARY RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE SEMINARY HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE SEMINARY IS NOT SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR THE PERIODS PRIOR TO JUNE 2010. | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: |
| CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 145,125. POSTRETIREMENT BENEFIT LIABILITY ADJUSTMENT -7,448. | PART XI, LINE 2D - OTHER ADJUSTMENTS: | |
| STUDENT AID NETTED AGAINST REVENUE 3,326,220. | PART XI, LINE 4B - OTHER ADJUSTMENTS: | |
| STUDENT AID NETTED AGAINST REVENUE 3,326,220. | PART XII, LINE 4B - OTHER ADJUSTMENTS: | |
| PART V - ENDOWMENT FUNDS: AS JUNE 30, 2010, THE ENDOWMENT FUND BALANCE WAS REDUCED BY $1,802,645 WHICH CONSISTS OF THE COMMON FUND OF $509,073 AND THE EXCESS OF DRAWDOWN AMOUNT OVER THE ACTUAL TRANSFER IN THE AMOUNT OF $1,293,572. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION | SCHEDULE E, PART I, LINE 3 | THE SCHOOL PUBLICIZES ITS RACIALLY NONDISCRIMINATORY STATEMENT ON ITS WEBSITE AND IN ALL HANDBOOKS AND LITERATURE DISTRIBUTED. THE ADMISSIONS BROCHURE DISCLOSES THAT IT SERVES STUDENTS OF SIGNIFICANT FINANCIAL NEED AND DIVERSE CULTURES. |
| EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE | SCHEDULE E, PART I, LINE 6 | UNION THEOLOGICAL SEMINARY RECEIVED GRANTS FOR STUDENT FINANCIAL ASSISTANCE FROM THE U.S. DEPARTMENT OF EDUCATION. THESE ARE FOR STUDENT LOANS UNDER THE FEDERAL FAMILY EDUCATION LOAN PROGRAM, FEDERAL PERKINS LOAN PROGRAM AND THE FEDERAL WORK STUDY PROGRAM. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | GRANTS, SCHOLARSHIPS AND FELLOWSHIPS FOR TUITION | TypeOfGrant |
| Number Of Recipients | 212 | NumberOfRecipients |
| Amount Of Cash Grant | 3326220 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: THE FINANCIAL AID OFFICE MAINTAINS THE RECORDS RELATED TO THE GRANTS APPLICATION. THE PROCEDURE IS AS FOLLOWS: THE STUDENTS APPLY ANNUALLY FOR GRANTS BASED ON THEIR FAMILIES' FINANCIAL CIRCUMSTANCES. EACH APPLICATION IS THEN REVIEWED TO DETERMINE THE AMOUNT OF GRANT THAT IS NEEDED. THE GRANTS ARE PROVIDED FROM APPROPRIATE SOURCES AND APPLIED TO EACH STUDENT'S BILL FOR TUITION, FEES, ROOM, BOARD AND OTHER CHARGES. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (5 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| THE REV DR SERENE JONES | ||||||||||||||
| PRESIDENT | 277999 | 0 | 0 | 0 | 0 | 0 | 28230 | 0 | 161697 | 0 | 467926 | 0 | 0 | 0 |
| THE REV FREDERICK DAVIE | ||||||||||||||
| SECRETARY | 197018 | 0 | 0 | 0 | 0 | 0 | 25383 | 0 | 13944 | 0 | 236345 | 0 | 0 | 0 |
| RICHARD MADONNA | ||||||||||||||
| TREASURER | 206351 | 0 | 0 | 0 | 0 | 0 | 22279 | 0 | 13944 | 0 | 242574 | 0 | 0 | 0 |
| BOB BOMERSBACH | ||||||||||||||
| VP INSTITUTIONAL ADVANCEMENT | 157217 | 0 | 0 | 0 | 0 | 0 | 20085 | 0 | 13944 | 0 | 191246 | 0 | 0 | 0 |
| JAMES CONE | ||||||||||||||
| PROFESSOR | 135353 | 0 | 0 | 0 | 0 | 0 | 16142 | 0 | 93053 | 0 | 244548 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | PART I, LINE 1A | ReturnReference |
| Explanation | "AS PART OF ITS HISTORIC MISSION OF NURTURING SPIRITUAL DEVELOPMENT IN COMMUNITY FOR MINISTRY, UNION THEOLOGICAL SEMINARY REQUIRES ITS FACULTY TO RESIDE AT THE SEMINARY IN ORDER TO BE READILY AVAILABLE FOR STUDENTS AND FOR SEMINARY EVENTS. THIS HOUSING IS USED TO MEET WITH STUDENTS, HOLD CLASSES AND FOR OTHER SEMINARY PURPOSES. THE VALUE OF THE HOUSING HAS BEEN INCLUDED WHERE REQUIRED ON SCHEDULE J AS A NONTAXABLE BENEFIT. BECAUSE THE QUESTION ASKS IF THERE IS HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE, THE SEMINARY HAS NOT CHECKED THE BOX; THE SEMINARY CONSIDERS THAT THIS HOUSING IS FOR INSTITUTIONAL USE, NOT FOR PERSONAL USE." | Explanation |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 16 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 687446 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV OF SECURITIES | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 0 | NumberOf8283Received |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | UNION THEOLOGICAL SEMINARY HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS DISTRIBUTED ELECTRONICALLY TO THE MEMBERS OF THE AUDIT COMMITTEE FOR ANY COMMENTS PRIOR TO ITS SUBMISSION. THE GOVERNING BODY HAS DELEGATED ITS OVERSIGHT ROLE TO THE AUDIT COMMITTEE. ANY COMMENTS MADE BY THE AUDIT COMMITTEE ARE PRESENTED TO THE OFFICER. EACH ISSUE IS DOCUMENTED AND ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING. | |
| FORM 990, PART VI, SECTION B, LINE 12C | UNION THEOLOGICAL SEMINARY CURRENTLY HAS IN PLACE A CONFLICT OF INTEREST POLICY WHICH IS MONITORED AND ENFORCED ANNUALLY. THE BOARD MANDATES THAT ALL MEMBERS OF THE GOVERNING BODY REVIEW AND SIGN THE CONFLICT OF INTEREST POLICY AT THE FIRST BOARD MEETING OF THE FISCAL YEAR. THE POLICY IS MONITORED BY THE EMPLOYEE'S IMMEDIATE SUPERVISOR IN CONJUNCTION WITH THE DIRECTOR, HR. IF A CONFLICT WERE TO ARISE, IT MUST BE REPORTED TO SUPERVISOR AND VP FINANCE. IF AN OFFICER OR A TRUSTEE HAD A CONFLICT OF INTEREST, THEY WOULD BE EXCUSED FROM PARTICIPATING IN THE VOTE. | |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION FOR THE PRESIDENT AND KEY ADMINISTRATORS AT UNION THEOLOGICAL SEMINARY ARE DETERMINED BY UNION'S EXECUTIVE COMPENSATION COMMITTEE, A SUBCOMMITTEE OF THE BOARD OF TRUSTEES EXECUTIVE COMMITTEE, AFTER REVIEWING GUIDELINES AND COMPARABLE DATA IN THE UTS HUMAN RESOURCES OFFICE. | |
| FORM 990, PART VI, SECTION C, LINE 19 | UNION THEOLOGICAL SEMINARY MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE BY POSTING IT ON GUIDESTAR.ORG. IN ADDITION, UNION THEOLOGICAL SEMINARY ALSO MAKES THEIR FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY AVAILABLE UPON REQUEST. | |
| FORM 990, PART XI, LINE 9: | CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 145,125. POSTRETIREMENT BENEFIT LIABILITY ADJUSTMENT -7,448. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| FORM 990, PART XI LINE 2C | UNION THEOLOGICAL SEMINARY HAS AN AUDIT COMMITTEE THAT OVERSEES THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS FOR SELECTING AN INDEPENDENT ACCOUNTANT AND ESTABLISHING A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT HAS NOT CHANGED FROM PRIOR YEAR. |