REFORMED THEOLOGICAL SEMINARY: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- REFORMED THEOLOGICAL SEMINARY (EIN 64-0428676)
- Tax period
- 2010-06-01 to 2011-05-31
- Filed
- 2013-09-06
- IRS object ID
- 201302499349300035
- Schema version
- 2010v3.7
- 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 F
- Schedule I
- Schedule J
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-09-06T18:08:33-05:00 | Timestamp |
| Tax Period End Date | 2011-05-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BKD LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 190 E Capitol Street Ste 500 | AddressLine1 |
| City | Jackson | City |
| State | MS | State |
| ZIP Code | 392012190 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-06-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 640428676 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Reformed Theological Seminary | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | REFO | NameControl |
| Phone | 6019231600 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5422 Clinton Boulevard | AddressLine1 |
| City | Jackson | City |
| State | MS | State |
| ZIP Code | 39209 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | E BRADLEY TISDALE | Name |
| Title | CFO | Title |
| Date Signed | 2013-09-15 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Penny Wood CPA | Name |
| Phone | 6019486700 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amended Return | X | AmendedReturn |
| Name Of Principal Officer Person | Robert C Cannada Jr | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5422 Clinton Blvd | AddressLine1 |
| City | Jackson | City |
| State | MS | State |
| ZIP Code | 39209 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 24100141 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.rts.edu | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1964 | YearFormation |
| State Legal Domicile | MS | StateLegalDomicile |
| Activity Or Mission Description | To serve the church by preparing its leaders through a program of graduate theological education. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 18 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 17 | NbrIndependentVotingMembers |
| Total Nbr Employees | 354 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 49489 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 46165 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 8197282 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 6803960 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 7482419 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 7739082 | ProgramServiceRevenueCY |
| Investment Income Prior Year | -1753742 | InvestmentIncomePriorYear |
| Investment Income Current Year | 1432625 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 311954 | OtherRevenuePriorYear |
| Other Revenue Current Year | 340603 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 14237913 | TotalRevenuePriorYear |
| Total Revenue Current Year | 16316270 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 2668030 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 2873511 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 9296015 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 9622803 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 1502510 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 5264175 | OtherExpensePriorYear |
| Other Expenses Current Year | 5511571 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 17228220 | TotalExpensesPriorYear |
| Total Expenses Current Year | 18007885 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -2990307 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -1691615 | RevenuesLessExpensesCY |
| Total Assets BOY | 76231672 | TotalAssetsBOY |
| Total Assets EOY | 79333242 | TotalAssetsEOY |
| Total Liabilities BOY | 3298290 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 3250634 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 72933382 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 76082608 | NetAssetsOrFundBalancesEOY |
| Mission Description | REFORMED THEOLOGICAL SEMINARY (RTS) EXISTS TO GLORIFY THE TRIUNE GOD AND TO SERVE HIS CHURCH IN ALL BRANCHES OF EVANGELICAL CHRISTIANITY, ESPECIALLY PRESBYTERIAN AND REFORMED CHURCHES, BY PROVIDING REFORMED GRADUATE THEOLOGICAL EDUCATION THAT IS GLOBALLY ACCESSIBLE. RTS EQUIPS ITS STUDENTS FOR MINISTRY, PRIMARILY THROUGH PASTORAL TRAINING, TO BE SERVANT LEADERS MARKED BY "A MIND FOR TRUTH, A HEART FOR GOD." | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 13103510 | Expense |
| Grants | 2873511 | Grants |
| Revenue | 7739082 | Revenue |
| Description | The seminary serves approximately 3,000 students through campuses in Jackson, MS, Orlando, FL, Charlotte, NC, Metro Washington, DC, Atlanta, GA, distance education programs, and extension sites in Memphis, TN, Houston, TX, and Sao Paulo, Brazil. Students are enrolled in the following academic degree programs: Master of Divinity, Masters of Arts, Masters of Arts (theological studies), Masters of Arts (biblical studies), Masters of Arts in Christian Education, Masters of Arts (Christian thought), Masters in Counseling, Masters in Marriage and Family Therapy and Counseling, Masters of Arts in Missions, Masters of Arts (religion), Masters of Theology, Doctor of Ministry, and Doctor of Philosophy. | Description |
| Total Program Service Expense | 13103510 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | true | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | false | ReportFin48Footnote |
| Independent Audit Financial Stmt | false | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | true | ConsolidatedAuditFinancialStmt |
| School | true | School |
| Foreign Office | true | ForeignOffice |
| Foreign Activities | true | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | true | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | true | GrantsToOrganizations |
| Grants To Individuals | true | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | true | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | true | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | true | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | true | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 178 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 354 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | true | UnrelatedBusinessIncome |
| Form990-T Filed | true | Form990-TFiled |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Form8282 Property Disposed Of | true | Form8282PropertyDisposedOf |
| Number Of8282 Filed | 1 | NumberOf8282Filed |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 18 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 17 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | true | LocalChapters |
| Policies Reference Chapters | true | PoliciesReferenceChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | AK | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | AZ | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | CO | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | DC | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | KY | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | ME | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MD | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MI | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NH | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NJ | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NY | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | OH | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | OK | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | OR | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | SC | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | WA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | WI | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | E BRADLEY TISDALE | NamePerson |
| Telephone Number | 6019231600 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5422 CLINTON BOULEVARD | AddressLine1 |
| City | Jackson | City |
| State | MS | State |
| ZIP Code | 39209 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (30 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| BF Bracy | |||||||
| Trustee - Vice-Chairman | 1.0 | X | 0 | 0 | 0 | ||
| John A Crawford | |||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||
| Collie W Lehn | |||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||
| David Lucas | |||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||
| J Scott Redd | |||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||
| James L Moore | |||||||
| Trustee - Chairman | 1.0 | X | 0 | 0 | 0 | ||
| Roderick Russ III | |||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||
| Warren Williamson | |||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||
| Donald G Breazeale | |||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||
| Larry W Edwards | |||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||
| Scott MacLellan | |||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||
| Richard L Ridgway | |||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||
| James M Seneff Jr | |||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||
| James M Baird | |||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||
| Henry H Dekker | |||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||
| Granville Dutton | |||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||
| George R Fair | |||||||
| Trustee - Secretary | 1.0 | X | 0 | 0 | 0 | ||
| William M Mounger II | |||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||
| Robert C Cannada Jr | |||||||
| Chancellor & CEO | 50.0 | 142712 | 0 | 22616 | X | ||
| E Bradley Tisdale | |||||||
| Chief Financial Officer | 50.0 | 100623 | 0 | 22053 | X | ||
| M Steve Wallace | |||||||
| Chief Operating Officer | 50.0 | 99580 | 0 | 17175 | X | ||
| Lynwood C Perez | |||||||
| Chief Development Officer | 50.0 | 116810 | 0 | 11390 | X | ||
| Robert J Cara | |||||||
| Chief Academic Officer | 50.0 | 109659 | 0 | 19159 | X | ||
| Guy L Richardson | |||||||
| President - Jackson | 50.0 | 113232 | 0 | 20732 | X | ||
| Michael A Milton | |||||||
| Chancellor El./pres.-charlotte | 50.0 | 145576 | 0 | 20813 | X | ||
| Andrew J Peterson | |||||||
| President - Virtual | 50.0 | 119071 | 0 | 27650 | X | ||
| John Sowell | |||||||
| President - Atlanta | 50.0 | 96456 | 0 | 29219 | X | ||
| Donald W Sweeting | |||||||
| President - Orlando | 50.0 | 86292 | 0 | 7469 | X | ||
| Robert T Bridges | |||||||
| Executive VP for Development | 50.0 | 104653 | 0 | 22720 | X | ||
| Mark D Futato | |||||||
| Professor | 50.0 | 109031 | 0 | 18338 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1343695 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 239334 | TotalOtherCompensation |
| Number Individuals GT100 K | 9 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (3 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| Technical Innovation | |||||
| 2975 Northwoods Parkway | NORCROSS | GA | 30071 | Information Tech | 151461 |
| Tradeweb Inc | |||||
| PO Box 162014 | ALTAMONTE SPRINGS | FL | 327162014 | Information Tech | 135111 |
| Securitas Security Services USA | |||||
| 12672 Collections Center Dr | CHICAGO | IL | 60693 | Security | 134717 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 3 | NumberOfContractorsGT100K |
| Related Organizations | 50000 | RelatedOrganizations |
| All Other Contributions | 6753960 | AllOtherContributions |
| Noncash Contributions | 1798992 | NoncashContributions |
| Total Contributions | 6803960 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | TUITION AND FEES | Description |
| Business Code | 611600 | BusinessCode |
| Total Revenue Column | 7739082 | TotalRevenueColumn |
| Related Or Exempt Function Income | 7739082 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 7739082 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 790534 | TotalRevenueColumn |
| Unrelated Business Revenue | 49489 | UnrelatedBusinessRevenue |
| Exclusion | $741,045 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 807638 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 629960 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 177678 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 177678 | TotalRevenueColumn |
| Related Or Exempt Function Income | 87590 | RelatedOrExemptFunctionIncome |
| Exclusion | $90,088 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 7064697 | Securities |
| Other | 280883 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 6540714 | Securities |
| Other | 162775 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 523983 | Securities |
| Other | 118108 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 642091 | TotalRevenueColumn |
| Exclusion | $642,091 | ExclusionAmount |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 530219 | GrossSalesOfInventory |
| Cost Of Goods Sold | 450422 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 79797 | TotalRevenueColumn |
| Exclusion | $79,797 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| COUNSELING INCOME | 900099 | 46515 | 46515 |
| FINANCE CHARGES | 900099 | 24446 | 24446 |
| COPY INCOME | 900099 | 3960 | 3960 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 8207 | TotalRevenueColumn |
| Related Or Exempt Function Income | 8207 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 83128 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 16316270 | TotalRevenueColumn |
| Related Or Exempt Function Income | 7909800 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 49489 | UnrelatedBusinessRevenue |
| Exclusion | $1,553,021 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10850 | Total |
| Program Services | 10850 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2854289 | Total |
| Program Services | 2854289 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8372 | Total |
| Program Services | 8372 | ProgramServices |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1426852 | Total |
| Program Services | 197232 | ProgramServices |
| Management And General | 820794 | ManagementAndGeneral |
| Fundraising | 408826 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6501341 | Total |
| Program Services | 4966648 | ProgramServices |
| Management And General | 880391 | ManagementAndGeneral |
| Fundraising | 654302 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 451529 | Total |
| Program Services | 335808 | ProgramServices |
| Management And General | 83068 | ManagementAndGeneral |
| Fundraising | 32653 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 766235 | Total |
| Program Services | 611039 | ProgramServices |
| Management And General | 119371 | ManagementAndGeneral |
| Fundraising | 35825 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 476846 | Total |
| Program Services | 317578 | ProgramServices |
| Management And General | 109395 | ManagementAndGeneral |
| Fundraising | 49873 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 44212 | Total |
| Management And General | 38553 | ManagementAndGeneral |
| Fundraising | 5659 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 78130 | Total |
| Management And General | 78130 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 168459 | Total |
| Management And General | 168459 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 639432 | Total |
| Program Services | 527539 | ProgramServices |
| Management And General | 111768 | ManagementAndGeneral |
| Fundraising | 125 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 202530 | Total |
| Program Services | 69978 | ProgramServices |
| Management And General | 132552 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 652529 | Total |
| Program Services | 330625 | ProgramServices |
| Management And General | 216872 | ManagementAndGeneral |
| Fundraising | 105032 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 226228 | Total |
| Program Services | 156788 | ProgramServices |
| Management And General | 61456 | ManagementAndGeneral |
| Fundraising | 7984 | Fundraising |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 650687 | Total |
| Program Services | 571690 | ProgramServices |
| Management And General | 78997 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 522194 | Total |
| Program Services | 276952 | ProgramServices |
| Management And General | 147019 | ManagementAndGeneral |
| Fundraising | 98223 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 54666 | Total |
| Program Services | 32868 | ProgramServices |
| Management And General | 16171 | ManagementAndGeneral |
| Fundraising | 5627 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 37043 | Total |
| Fundraising | 37043 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1399948 | Total |
| Program Services | 1248059 | ProgramServices |
| Management And General | 151889 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 159438 | Total |
| Program Services | 130342 | ProgramServices |
| Management And General | 29096 | ManagementAndGeneral |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| SECURITY | 118268 | 110345 | 7923 | |
| VISA PROCESSING | 76875 | 74905 | 1970 | |
| PERSONNEL DEVELOPMENT | 64568 | 60489 | 4079 | |
| DUES AND SUBSCRIPTIONS | 50170 | 25854 | 20386 | 3930 |
| UNRELATED BUSINESS EXPENSE | 7063 | 7063 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 359131 | Total |
| Program Services | 260165 | ProgramServices |
| Management And General | 43528 | ManagementAndGeneral |
| Fundraising | 55438 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 18007885 | Total |
| Program Services | 13103510 | ProgramServices |
| Management And General | 3401865 | ManagementAndGeneral |
| Fundraising | 1502510 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 205157 | BOY |
| EOY | 2710522 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2251393 | BOY |
| EOY | 119445 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2090323 | BOY |
| EOY | 7700 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 207863 | BOY |
| EOY | 239428 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 172879 | BOY |
| EOY | 153426 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 207193 | BOY |
| EOY | 204601 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 191283 | BOY |
| EOY | 106978 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 47332462 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 25440662 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22342876 | BOY |
| EOY | 21891800 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 30803683 | BOY |
| EOY | 34094287 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15984868 | BOY |
| EOY | 17855289 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1774154 | BOY |
| EOY | 1949766 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 76231672 | BOY |
| EOY | 79333242 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 777613 | BOY |
| EOY | 1002698 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 711503 | BOY |
| EOY | 729848 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1809174 | BOY |
| EOY | 1518088 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3298290 | BOY |
| EOY | 3250634 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 45150391 | BOY |
| EOY | 49777538 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26364654 | BOY |
| EOY | 24767003 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1418337 | BOY |
| EOY | 1538067 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 72933382 | BOY |
| EOY | 76082608 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 76231672 | BOY |
| EOY | 79333242 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -1691615 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 4840841 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
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) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 46447946 | BeginningOfYearBalance |
| Contributions | 1459964 | Contributions |
| Investment Earnings Or Losses | 189692 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 64250 | GrantsOrScholarships |
| Other Expenditures | 964036 | OtherExpenditures |
| Administrative Expenses | 3694 | AdministrativeExpenses |
| End Of Year Balance | 47065622 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 47756513 | BeginningOfYearBalance |
| Contributions | 1366294 | Contributions |
| Investment Earnings Or Losses | 164731 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 0 | GrantsOrScholarships |
| Other Expenditures | 2835964 | OtherExpenditures |
| Administrative Expenses | 3628 | AdministrativeExpenses |
| End Of Year Balance | 46447946 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 44022159 | BeginningOfYearBalance |
| Contributions | 10140561 | Contributions |
| Investment Earnings Or Losses | -338701 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 64000 | GrantsOrScholarships |
| Other Expenditures | 6000000 | OtherExpenditures |
| Administrative Expenses | 3506 | AdministrativeExpenses |
| End Of Year Balance | 47756513 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.49000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.03000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.48000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | true | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | true | EndowmentsHeldByRelatedOrgs |
| Are Related Orgs Listed Schedule R | true | AreRelatedOrgsListedScheduleR |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 899813 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 3551554 | OtherCostOrOtherBasis |
| Book Value | 4451367 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 3851209 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 24083267 | OtherCostOrOtherBasis |
| Depreciation | 13463961 | Depreciation |
| Book Value | 14470515 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Leasehold Improvements | LeaseholdImprovements |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 11815415 | OtherCostOrOtherBasis |
| Depreciation | 9769383 | Depreciation |
| Book Value | 2046032 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3131204 | OtherCostOrOtherBasis |
| Depreciation | 2207318 | Depreciation |
| Book Value | 923886 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 21891800 | TotalOfBookValueLandBuildings |
| Financial Derivatives | FinancialDerivatives | |
| Closely Held Equity Interests | CloselyHeldEquityInterests |
Other Securities OtherSecurities (5 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| INTEREST IN HEDGE FUNDS | 11913836 | C |
| INTEREST IN INTL EQUITY FUND | 4070152 | C |
| INTEREST IN DOMESTIC EQUITY FD | 1500000 | C |
| INTEREST IN PRIVATE EQUITY FD | 367401 | C |
| NON-PUBLIC ST-BCC BANKSHARES | 3900 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 17855289 | TotalOfBookValueSecurities |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| ANNUITY OBLIGATIONS | $1,473,566 |
| STUDENT HOUSING DEPOSITS | $44,522 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 1518088 | TotalOfAmounts |
| Total Revenue | 16316270 | TotalRevenue |
| Total Expenses | 18007885 | TotalExpenses |
| Excess Or Deficit For Year | -1691615 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 4575710 | NetUnrealizedGLOnInvestments |
| Other | $265,131 | OtherAmount |
| Total Adjustments | 4840841 | TotalAdjustments |
| Excess Or Deficit Per FS | 3149226 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 18651947 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 4575710 | NetUnrealizedGainsInvestments |
| Other Revenues | -2765989 | OtherRevenues |
| Revenue Not Rptd F990 | 1809721 | RevenueNotRptdF990 |
| Revenue Subtotal | 16842226 | RevenueSubtotal |
| Other Revenues Not Included | -525956 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | -525956 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 16316270 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 15502721 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 525956 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 525956 | ExpensesNotRptdF990 |
| Expenses Subtotal | 14976765 | ExpensesSubtotal |
| Other Expenses Not Included | 3031120 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 3031120 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 18007885 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (7 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| Part V, Line 4: | The endowment funds are used to fund operating expenses, scholarships to students, and to make distributions to other 501(c)(3) organizations. | |
| Part X, Line 2: | The Seminary follows FASB ASC 740, Income Taxes, which addresses the accounting for uncertainty in income tax positions. It also provides guidance on when tax positions are recognized in an entity's financial statements and how the values of these positions are determined. There is currently no impact on the Seminary's consolidated financial statements through application of the provisions of ASC 740. | |
| Part XI, Line 8: | Change in Beneficial Interest in Trusts: $265,131 | Other Adjustments: |
| Part XII, Line 2D: | Investment Management Fees: ($168,459) Change in Beneficial Interest in Trusts: $265,131 Reclass Scholarships: ($2,862,661) | Other Adjustments: |
| Part XII, Line 4B: | Reclass Cost of Sales: ($450,422) Reclass Rental Expenses: ($75,534) | Other Adjustments: |
| Part XIII, Line 2D: | Reclass Cost of Sales: $450,422 Reclass Rental Expense: $75,534 | Other Adjustments: |
| Part XIII, Line 4B: | Reclass Scholarships: $2,862,661 Investment Management Fees: $168,459 | Other Adjustments: |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | true | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | true | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | true | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | true | MaintRacialCompositionRecords |
| Maint Scholarships Records | true | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | true | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | true | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | false | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | false | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | false | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | false | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | false | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | false | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActy |
| Government Financial Aid Received | true | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | false | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | true | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Part I, Line 3: | The Seminary's nondiscrimination policy is communicated to the general community through its official website (www.rts.edu) and catalog. |
| Part I, Line 6a: | The Seminary received payments from the Department of Veterans Affairs (GI Bill and Post 9/11 Veteran Education Funding) and from the Department of Military Affairs (Florida National Guard's Educational Dollars for Duty) for tuition and fees. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | true | GrantRecordsMaintained |
Accts Actvs Out US Table AcctsActvsOutUSTable (11 entries)
| RegionRegion | Number Of OfficesNumberOfOffices | Number Of EmployeesNumberOfEmployees | Type Of Activities ConductedTypeOfActivitiesConducted | Specific Services ProvidedSpecificServicesProvided | Total ExpendituresTotalExpenditures |
|---|---|---|---|---|---|
| Europe (Including Iceland and Greenland) | 0 | 0 | Grantmaking | Scholarships | 1950 |
| South Asia | 0 | 0 | Grantmaking | Scholarships | 1170 |
| Sub-Saharan Africa | 0 | 0 | Grantmaking | Scholarships | 936 |
| North America | 0 | 0 | Grantmaking | Scholarships | 1170 |
| South America | 0 | 0 | Grantmaking | Scholarships | 1382 |
| East Asia and the Pacific | 0 | 0 | Grantmaking | Scholarships | 1764 |
| Sub-Saharan Africa | 0 | 0 | Send agents to seminar | Attend conference | 16753 |
| North America | 0 | 0 | Send agents to seminar | Attend conference | 6524 |
| East Asia and the Pacific | 0 | 0 | Program Services | Instructional Costs | 10691 |
| South America | 1 | 1 | Program Services | Instructional Costs | 8354 |
| Central America and the Caribbean | Investments | 2788302 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 1 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 1 | SubtotalNumberOfEmployees |
| Total Number Of Offices | 1 | TotalNumberOfOffices |
| Total Number Of Employees | 1 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 2838996 | SubtotalAmountSpent |
| Total Amount Spent | 2838996 | TotalAmountSpent |
Grants To Ind Outside US GrantsToIndOutsideUS (6 entries)
| Type Of AssistanceTypeOfAssistance | RegionRegion | Number Of RecipientsNumberOfRecipients | Amount Of Non Cash AssistanceAmountOfNonCashAssistance | Description Of Non Cash AssistanceDescriptionOfNonCashAssistance | Method Of ValuationMethodOfValuation |
|---|---|---|---|---|---|
| Scholarships | Europe/Iceland/Greenland | 1 | 1950 | Scholarships | FMV |
| Scholarships | South Asia | 1 | 1170 | Scholarships | FMV |
| Scholarships | Sub-Saharan Africa | 1 | 936 | Scholarships | FMV |
| Scholarships | North America | 2 | 1170 | Scholarships | FMV |
| Scholarships | South America | 2 | 1382 | Scholarships | FMV |
| Scholarships | East Asia/Pacific | 2 | 1764 | Scholarships | FMV |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | true | TransferToForeignCorp |
| Interest In Foreign Trust | false | InterestInForeignTrust |
| Own Foreign Corp | true | OwnForeignCorp |
| Passive Foreign Invest Co | true | PassiveForeignInvestCo |
| Foreign Partnership | false | ForeignPartnership |
| Boycott Countries | false | BoycottCountries |
Form990 Schedule F Part V Form990ScheduleFPartV (3 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Part I, Line 2: | Records are maintained showing scholarship awards to specific individuals who live in regions outside of the United States. |
| Part I, Line 3: | The Seminary owns an interest in 2514 Multi-Strategy Fund, a hedge fund domiciled in the Cayman Islands. The book value of this investment as of 5/31/2011 was $2,788,302. |
| Part IV, Line 1: | The Seminary indirectly transferred property to foreign corporations through its investment in domestic partnerships. The amount of indirect transfers of property were below the reporting theshold requiring the filing of Form 926. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Recipient Table RecipientTable
Recipient Name Business RecipientNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | French Camp Academy | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | One Fine Place | AddressLine1 |
| City | French Camp | City |
| State | MS | State |
| ZIP Code | 39745 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN Of Recipient | 640321520 | EINOfRecipient |
| IRC Section | 501(c)(3) | IRCSection |
| Amount Of Cash Grant | 5850 | AmountOfCashGrant |
| Purpose Of Grant | See Part IV | PurposeOfGrant |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 1 | TotalNbrOf501C3AndGovtGrants |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | Scholarships | TypeOfGrant |
| Number Of Recipients | 1441 | NumberOfRecipients |
| Amount Of Non Cash Assistance | 2854289 | AmountOfNonCashAssistance |
| Method Of Valuation | FMV | MethodOfValuation |
| Description Of Non Cash Assistance | Scholarships | DescriptionOfNonCashAssistance |
Form990 Schedule I Part IV Form990ScheduleIPartIV (3 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Part I, Line 2: | Senior management recommends to the Executive Committee grants to other organizations for approval. |
| Part II, Line 1, Column(h): | Assist with book project - Biography of Sam Patterson |
| Part III: | Scholarship assistance is approved and monitored for individuals through campus scholarship committees. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | X | TravelForCompanions |
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (2 entries)
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Robert C Cannada Jr | |||||||||||
| 73268 | 0 | 244 | 0 | 69200 | 0 | 9774 | 0 | 12842 | 0 | 165328 | 0 |
| Michael A Milton | |||||||||||
| 81481 | 0 | 1472 | 0 | 62623 | 0 | 9183 | 0 | 11630 | 0 | 166389 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Part I, Line 1a: | Identifier |
| Explanation | Travel for companions - The Seminary encourages and reimburses officers of the seminary to take their spouses when the spouse has a legitimate business purpose. The circumstance occurs on an infrequent basis. Housing Allowances - Housing allowances are annually reviewed and approved by the Executive Committee of the seminary and are included in the individual's compensation. | Explanation |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | John S Redd Jr | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | See Part V | Relationship |
| Amount Of Transaction | 76621 | AmountOfTransaction |
| Description Of Transaction | See Part V | DescriptionOfTransaction |
| Sharing Of Revenues | false | SharingOfRevenues |
Form990 Schedule L Part V Form990ScheduleLPartV (2 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Part IV, Line (1), Column (b): | Relationship between interested person and the organization: Son of J. Scott Redd, board member |
| Part IV, Line (1), Column (d): | Description of transaction: Compensation was paid to a family member of a board member in excess of $10,000. |
Schedule M IRS990ScheduleM
| Field | Value | IRS element (for citing) |
|---|---|---|
| Works Of Art | WorksOfArt | |
| Art Historical Treasures | ArtHistoricalTreasures | |
| Art Fractional Interest | ArtFractionalInterest | |
| Books And Publications | BooksAndPublications | |
| Clothing And Household Goods | ClothingAndHouseholdGoods | |
| Cars And Other Vehicles | CarsAndOtherVehicles | |
| Boats And Planes | BoatsAndPlanes | |
| Intellectual Property | IntellectualProperty |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 14 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 1687050 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV at time of gift | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities Closely Held Stock | SecuritiesCloselyHeldStock |
Securities Prtnrshp Trust Intrsts SecuritiesPrtnrshpTrustIntrsts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 69434 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | See Part II | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities Miscellaneous | SecuritiesMiscellaneous | |
| Qualified Contrib Hist Struct | QualifiedContribHistStruct | |
| Qualified Contrib Other | QualifiedContribOther |
Real Estate Residential RealEstateResidential
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 38250 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | See Part II | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real Estate Commercial | RealEstateCommercial | |
| Real Estate Other | RealEstateOther |
Collectibles Collectibles
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 4258 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV at time of gift | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Food Inventory | FoodInventory | |
| Drugs And Medical Supplies | DrugsAndMedicalSupplies | |
| Taxidermy | Taxidermy | |
| Historical Artifacts | HistoricalArtifacts | |
| Scientific Specimens | ScientificSpecimens | |
| Archaeological Artifacts | ArchaeologicalArtifacts | |
| Number Of8283 Received | 0 | NumberOf8283Received |
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | true | ReviewProcessUnusualNCGifts |
| Third Parties Used | true | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII (3 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Part I, Line 11, Column (d): | Present value based on life expectancy of beneficiary |
| Part I, Line 15, Column (d): | Listing price minus commission |
| Part I, Line 32b: | The Seminary uses third-party realtors to market and sell donated land. |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Page 6, Part VI, Section B, Line 11b: | A meeting is held by the Audit/Finance committee to allow committee members to discuss the return and ask any questions. After discussion/revisions have occurred, the returns are approved to be filed. The Form 990 is also provided to all board members for review. |
| Page 6, Part VI, Section B, Line 12c: | The full board of trustees on an annual basis discloses related party transactions that could give rise to conflicts. Any transactions that are disclosed are reported in the minutes of the board meetings. |
| Page 6, Part VI, Section B, Line 15 a&b: | The Executive Committee reviews and approves the total compensation of all officers of the seminary on an annual basis. Total average compensation from annual surveys of US schools that are members of the Association of Theological Schools is used to determine the reasonableness of officer compensation. |
| Page 6, Part VI, Section C, Line 19: | Reformed Theological Seminary makes its financial statements available to the public upon request. The seminary does not make its governing documents (articles of incorporation and bylaws) or conflict of interest policy available to the public. |
| Page 12, Part XI, Line 5: | Net unrealized gains on investments $4,575,710 Change in beneficial interests in trusts $265,131 |
| Page 1, Section B, Reason for Amending: | Form 990 is being amended to add Form 5471, Information Return of U.S. Persons with Respect to Certain Foreign Corporations. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Total IncomeTotalIncome | EOY AssetsEOYAssets | Business Name Line1DirectControllingEntityName/BusinessNameLine1 |
|---|---|---|---|---|---|---|---|---|---|
| Reformed Theological Seminary of Florida | |||||||||
| 1231 Reformation Drive | Oviedo | FL | 32765 | 421647628 | Theol. Ed. | FL | 2 | 0 | NA |
| Reformed Properties LLC | |||||||||
| 1231 Reformation Drive | Oviedo | FL | 32765 | 270679756 | Real Prop Dev | FL | -87633 | 657429 | NA |
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RTS Foundation Inc | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5422 Clinton Blvd | AddressLine1 |
| City | Jackson | City |
| State | MS | State |
| ZIP Code | 39209 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 640918136 | EIN |
| Primary Activities | Fundraising | PrimaryActivities |
| Legal Domicile State | MS | LegalDomicileState |
| Exempt Code Section | 501(c)(3) | ExemptCodeSection |
| Public Charity Status | 11a Type I | PublicCharityStatus |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NA | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | false | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | false | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | true | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | false | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | false | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | false | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | false | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | true | SharingOfFacilities |
| Sharing Of Paid Employees | true | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | true | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | false | OtherTransferToOtherOrg |
| Other Transfer From Other Org | false | OtherTransferFromOtherOrg |