2012-05-14T12:05:22-05:00 2011-06-30 990 2010-07-01 951699394 Fuller Theological Seminary FULL 6265845453 135 N Oakland Avenue Pasadena CA 911820001 John Ward 6265845460 2012-05-14 2010 2016-02-24 21:20:13Z John Ward 135 N Oakland Avenue Pasadena CA 91182 74251749 0 X www.fuller.edu X 1947 CA Provides graduate degrees in Theology,Psychology,Intercultural Studies,operates a Psych Center. 37 37 1182 0 106507 -40090 16011686 24244026 39683933 40967071 3133742 2926630 2012547 2028803 60841908 70166530 5119983 4462901 0 0 27013460 29736574 0 0 1917448 24098749 25056651 56232192 59256126 4609716 10910404 256055868 283353490 82466136 80392596 173589732 202960894 X The Seminary is an international, multi-denominational, post-bacculaureate school of religious learning that prepares students for a wide variety of Christian vocations. The Seminary includes the schools of Theology, Psychology, Intercultural Studies and the Psychological Center. 0 0 25595440 1830793 19968690 School of Theology - 1,163 full-paid equivalent students served 7314116 1068941 6222689 School of Psychology - 249 full-paid equivalent students served 6754849 450159 5919899 School of Intercultural Studies - 325 full-paid equivalent students served 638348 0 530117 Psychological Center - Student trainees provided counseling services to members of the community. 79240 Urban Youth Certification Program 240821 Other Misc Programs 745 Miscellaneous Royalties on Educational Publications 215516 Net Income from Sale of Books to Students 1595393 Miscellaneous Academic Cost Recovery Fees 638348 2661832 40302753 1 1 0 0 0 0 0 0 1 1 1 0 1 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 1 0 0 0 0 1 255 0 1 1182 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 X 37 37 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X X Denise Rodrigues Controller 6265845453 135 N Oakland Avenue Pasadena CA 911820001 Robert M Anderson X 0 0 0 Mary Vermeer Andringa X 0 0 0 David L Bere X 0 0 0 Judy G Bergman X 0 0 0 Russell J Bloem X 0 0 0 Thomas G Bost X 0 0 0 William K Brehm X 0 0 0 Gaylen J Byker X 0 0 0 Merlin W Call X 0 0 0 Barbara H Carlsberg X 0 0 0 Peter Chao X 0 0 0 Daniel L Chun X 0 0 0 Andrew H Crouch X 0 0 0 T Scott Daniels X 0 0 0 Mary Jane Dellenback X 0 0 0 Evelyn W Freed X 0 0 0 Nathan O Hatch X 0 0 0 Theodore W Hoehn III X 0 0 0 Anne M Huffman X 0 0 0 Bill Sung-Kook Hwang X 0 0 0 Larry R Langdon X 0 0 0 Dennis K Metzler X 0 0 0 Daniel D Meyer X 0 0 0 Shirley A Mullen X 0 0 0 John C Ortberg Jr X 0 0 0 Clifford L Penner X 0 0 0 Jack D Samuelson X 0 0 0 Meritt Lohr Sawyer X 0 0 0 Larry A Smith X 0 0 0 Jody A De Pree Vanderwel X 0 0 0 Daniel L Villanueva X 0 0 0 Grant A Wacker X 0 0 0 Gail T Weyerhaeuser X 0 0 0 Dale C Wong X 0 0 0 C Jeffrey Wright X 0 0 0 Brian T Prinn X X 0 0 0 Richard J Mouw 40.00 X X 230067 0 32285 Sherwood G Lingenfelter 40.00 X 148707 0 17093 Joe B Webb 40.00 X 123962 0 30126 John Ward 40.00 X 104328 0 14292 Wendy Balzer 40.00 X 117433 0 10043 Wendy s Walker 40.00 X 68068 0 10139 Doug C McConnell 40.00 X 72419 0 72926 Samuel L Delcamp X 0 0 0 Chapman R Clark 40.00 X 103469 0 97719 Walter C Wright 40.00 X 105614 0 60693 David D Bundy 40.00 X 109312 0 23348 Rita K Rowland 40.00 X 104049 0 9946 H Lee Merritt 40.00 X 75998 0 6443 1287428 0 378610 10 0 1 0 Grendel Construction 423 Molino Street Los Angeles CA 90013 Construction 592044 Pinnacle Communication 730 Fairmont Ave Glendale CA 91203 Communications 300722 Rogelio Sanchez Painting 3400 E Milton St Pasadena CA 91107 Painter 281396 ValleyCrest Landscape Maintenance PO Box 57515 Los Angeles CA 90074 Landscape 280921 Deloitte & Touche LLP 350 S Grand Ave Suite 200 Los Angeles CA 90071 Auditor 270591 7 143160 24100866 104529 24244026 Tuition 611310 31765968 31765968 Auxiliary Services 721110 8005615 19198 7986417 Fees 611310 665371 665371 Psychological Center 611310 530117 530117 40967071 1062216 1062216 745 745 5139390 3274976 1864414 1864414 1864414 1113068 810243 302825 215516 87309 1725233 1595393 129840 1725233 70166530 34773110 106507 11042887 4462901 4462901 1126056 133924 829948 162184 21808535 17497168 3427398 883969 1719237 1318052 329146 72039 3845254 2937122 802249 105883 1237492 916252 265186 56054 9916 9916 93095 34143 58844 108 296835 296835 1248550 1248550 2779447 2071388 614483 93576 364434 357143 1991 5300 2513127 1601030 785756 126341 608055 -65090 624624 48521 5787838 3671629 2116033 176 2085092 1618192 324099 142801 255911 186853 39731 29327 2948605 2948605 2535199 2015039 494093 26067 1303 1303 Loss on Defeasance of B 779498 779498 Hospitality 754843 463716 129155 161972 Academic Materials 679049 171087 507962 0 Other Equipment 566528 405155 160924 449 Bad Debts 282482 158482 124000 0 466844 348567 115596 2681 59256126 40302753 17035925 1917448 1822210 2596929 4014039 11976 6300 2026064 3604351 3978057 562759 799000 2025885 2143244 532274 162409 6152247 6122047 122176732 28861363 90989493 93315369 62333140 65587757 14078180 26747963 69934990 79862675 256055868 283353490 5029992 7196027 4674650 4410975 53505000 52812500 6556726 6253220 1463294 42003 11236474 9677871 82466136 80392596 X 40171845 39884475 50530686 64113976 82887201 98962443 173589732 202960894 256055868 283353490 X 10910404 18460758 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 136044850 15891428 20499957 -2487695 -3180327 -1180877 165587336 86132484 70339751 -14980638 -1633100 -2713720 -1099927 136044850 104667942 5512093 -18194080 -2114651 -2615053 -1123767 86132484 0.09120 0.62950 0.27930 0 1 1 14214802 14214802 96760747 21396154 75364593 294271 262691 31580 10253702 7146669 3107033 653210 55849 597361 93315369 Trust Deeds & Notes Rec 11248614 C Cash & Cash Equivalents 15499349 F 26747963 Beneficial Interest in Perpetual Tr 3534455 Interest in Investments of Financially Interrelated Entity 45380333 Interest in Net Assets of Affiliate 30947887 79862675 Annuities Payable 193387 Deposits 795187 Assets Held for Auxiliary Organizat 108450 Advances From Affiliate 1678853 Perkins Loan Funds Repayable to Fed 1208399 Interest Rate Swap 4131912 Preoria Repurchase Liability 1561683 9677871 70166530 59256126 10910404 3477816 14982942 18460758 29371162 82938674 3477816 8484662 11962478 70976196 -809666 -809666 70166530 54313644 810243 810243 53503401 5752725 5752725 59256126 Description of Intended Use of Endowment Funds: Part V, Line 4: The Organization's endowment consists of over 200 individual funds established for a variety of purposes, primarily for endowed chairs, endowed scholarships and other program related expenditures. Part XI, Line 8 - Other Adjustments: Reclass Adjustment from Audit -57. Change in Interest in Net Assets of 14,283,533. Change in Interest Rate Swap 746,133. Loss on Disposal of Assets -46,667. Part XII, Line 2d - Other Adjustments: Scholarships -4,462,901. Change in Net Assets of Financially Interrelated Entity 14,283,533. Assessment Fees -1,248,550. Interest Expense on TFF Settlement Agreement -40,753. Loss on Disposal -46,667. Part XII, Line 4b - Other Adjustments: Bookstore Cost of Goods Sold -810,243. Misc. Account Reclassifications 577. Part XIII, Line 2d - Other Adjustments: Bookstore Cost of Goods Sold 810,243. Part XIII, Line 4b - Other Adjustments: Scholarships 4,462,901. Assessment Fees 1,248,550. Interest Expense on TFF Settlement Agreement 40,753. Misc Account Reclassifications 521. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Explanation of Nondiscriminatory Policy Publication Schedule E, Part I, Line 3 Non-discrimination policy is published in the course catalog and posted on the Fuller Website Explanation of Government Financial Assistance Schedule E, Part I, Line 6 Fuller Theological Seminary received funds for Student Financial Aid from the U.S. Department of Education, Federal Family Education Loans (FFEL) Program through the Federal Stafford Loan Program and the Unsubsidized Federal Stafford Loan Program, and through the Federal Graduate PLUS Loan Program, the Federal Work-Study Program and the Federal Perkins Loan Program South Asia - South Korea 1 0 Program Services Academic Support for Theological Education 111233 1 0 0 0 1 0 111233 0 111233 0 0 0 0 0 0 Procedure for Monitoring Grants Outside the U.S.: Schedule F, Part I, Line 2: The Organization only has revenue and expenses outside the U.S. related to program service activities. Method Used to Acccount for Expenditures: Schedule F, Part I, Line 3: All expenditures are accounted for on the accrual basis of accounting, and expenditures for program service activities are supported by appropriate documentation. 1 Grant in Aid for Students attending the Organizations Campuses in North America 1862 4462901 0 FMV Does not provide non-cash assistance. Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: The Organization only awards financial assistance or grant-in-aid to individuals are designated to meet the educational expenses of students attending Fuller Theological Seminary. The Organization has established institutional policies for awarding and monitoring of financial assistance. Each award is done in accordince with the policies and compliance is monitored by senior management, to ensure that the amount and eligibility of individuals is in accordance with established policies. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Richard J Mouw 224067 0 0 0 6000 0 8111 0 24833 0 263011 0 0 0 Sherwood G Lingenfelter 142707 0 0 0 6000 0 5119 0 12534 0 166360 0 0 0 Joe B Webb 117962 0 0 0 6000 0 4552 0 26073 0 154587 0 0 0 Chapman R Clark 101357 0 0 0 2112 0 13064 0 85108 0 201641 0 0 0 Walter C Wright 83614 0 0 0 22000 0 16145 0 45108 0 166867 0 0 0 Part I, Line 1a The Seminary provides a car allowance to all officers who are also employees of the Organization. This allowance is discretionary and is not part of an accountable plan. Accordingly, the car allowance is reported as other compensation on the employee's W-2. Part I, Line 1b All other expense reimbursements are subject to the Organization's Expense and Travel Reimbursement Policy. Fuller Theological Seminary 951699394 196458WD1 2004-03-16 34500000 Finance construction of 179 units of student housing on the Pasadena campus 1 0 0 Fuller Theological Seminary 951699394 19645RFG1 2008-04-08 20710000 Finance library addition, purchase of faculty housing and capital improvemnt 1 0 0 Fuller Theological Seminary 951699394 2011-02-25 52980000 Provide funds to defease the 2004 and 2008 issues 0 0 0 1870000 32630000 34500000 345000 34155000 2006 0 0 1 1 760000 19950000 20710000 537519 20172481 2009 0 0 1 1 52980000 2300000 372521 52607479 2011 1 0 1 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 0 0 1 1 Wells Fargo Bank (3) and US Bank (1) 0 0 1 Bayern LB 7.000000000000 1 0 0 Form 990 - Schedule K - Section 3 Part IV Detail of Interest Rate SWAPs related to 2011 Bond Issue The Organization had three SWAPs associated with its prior 2004 and 2008 bond issues that were transferred to the new 2011 bond issue. Bank Effective Date Notational Amount Termination Issue Wells Fargo Bank 9/1/05 $20,000,000 8/1/15 04 Wells Fargo Bank 5/1/06 $10,000,000 8/1/35 04 Wells Fargo Bank 6/2/08 $10,000,000 8/1/28 08 In addition the Organization entered into another forward SWAP associated with the new 2011 bond issue. US Bank 8/3/15 $18,500,000 3/1/18 11 Samuel L Delcamp Facilitate Relocation X 249020 174000 0 1 1 Richard Mouw Incentive to Attract Key Employee X 128000 0 0 1 1 Sherwood Lingenfelter Incentive to Attract Key Employee X 150000 150000 0 1 1 David D Bundy Incentive to Attract Key Employee X 150000 150000 0 1 1 Wendy S Walker Incentive to Attract Key Employee X 50000 50000 0 1 1 Charles D Mc Connell Incentive to Attract Key Employee X 275000 275000 0 1 1 799000 Chapman R Clark Highly Compensated Employee 2112 Tuition David D Bundy Highly Compensated Employee 5250 Tuition X 3 104529 Mkt Val at date of gift X 1 1424000 Est Mkt Val Date of Gift 0 0 0 Form 990, Part VI, Section B, line 11 The Form 990 is compiled by the Controller using CCH Engagement and Tax software. Information is verified against the Seminary's audited financial statements. All supporting information is filed in a tax work binder. Once the Form 990 and its supporting schedules and information are complete a copy of the return is furnished to the chair of the audit committee and to all audit committee members for review along with a procedural memo on the process followed by the Controller to ensure that the Form 990 is both accurate and complete. The audit committee follows up with the Controller and VP for Finance on any questions that may arise and a meeting is held to discuss the Form 990. Once all questions are adequately addressed and all corrections made, the audit committee approves the Form 990 and the Chair of the audit committee recommends approval by the full Board of Trustees. A copy of the finalized 990 is then distributed to the full Board of Trustees prior to filing the return. Form 990, Part VI, Section B, line 12c Annually, officers, trustees and key employees are required to read the conflict of interest policy and to sign and return a completed conflict of interest statement. Throughout the year, any transactions undertaken by the Seminary are reviewed for instances of conflict of interest prior to entering into the agreement/transactions. If an instance of non compliance should occur, the Seminary would address it and make the necessary corrections if needed. Form 990, Part VI, Section B, line 15 The Organization receives from The Association of Theological Schools & The Commission on Accrediting a special purpose report titled "Institutional Peer Profile Report." This report references operating statistics, including salary ranges for all executives, faculty and staff. The report compares the Organization to a customized list of 20 comparable accredited institutions. Data from this report is utilized by the Executive Committee of the Board of Trustees to set executive salary ranges in a closely competitive and resource limited environment with consideration of effective performance of the individuals. Form 990, Part VI, Section C, line 19 All listed documents are made available upon request. In addition, our tax return is posted on guidestar and both our annual audit and tax returns (both 990 and 990T) are available through our Fuller (external)and Portico (Internal) websites. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized gains on investments: 3,477,816. Reclass Adjustment from Audit -57. Change in Interest in Net Assets of 14,283,533. Change in Interest Rate Swap 746,133. Loss on Disposal of Assets -46,667. Total to Form 990, Part XI, Line 5: 18,460,758. The Fuller Foundation 135 N Los Robles AveSte 660 Pasadena CA 91101 954124436 Support religious, charitable, educational, literary and scientifc purposes CA 170(b)(1)(A)(vi) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 The Fuller Foundation C