2012-03-08T17:04:58-05:00 2011-05-31 BKD LLP 190 E Capitol Street Ste 500 Jackson MS 392012190 990 2010-06-01 640428676 Reformed Theological Seminary REFO 6019231600 5422 Clinton Boulevard Jackson MS 39209 E BRADLEY TISDALE 2012-04-17 Penny Wood CPA 6019486700 2010 2016-02-24 21:20:13Z Robert C Cannada Jr 5422 Clinton Blvd Jackson MS 39209 24100141 false X www.rts.edu X 1964 MS To serve the church by preparing its leaders through a program of graduate theological education. 18 17 354 0 49489 46165 8197282 6803960 7482419 7739082 -1753742 1432625 311954 340603 14237913 16316270 2668030 2873511 0 0 9296015 9622803 0 0 1502510 5264175 5511571 17228220 18007885 -2990307 -1691615 76231672 79333242 3298290 3250634 72933382 76082608 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." false false 13103510 2873511 7739082 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. 13103510 true true false false false false false false true true true false false true false false true true true true false true false false false false true true true false false false false false false true false true false false false true true true false false false true 178 0 true 354 true true true false false false false false true 1 false false false X 18 17 false false false false false false false true true false true true true true true true true true true true false AK AZ CO DC KY ME MD MA MI NH NJ NY OH OK OR SC WA WI X E BRADLEY TISDALE 6019231600 5422 CLINTON BOULEVARD Jackson MS 39209 BF Bracy 1.0 X 0 0 0 John A Crawford 1.0 X 0 0 0 Collie W Lehn 1.0 X 0 0 0 David Lucas 1.0 X 0 0 0 J Scott Redd 1.0 X 0 0 0 James L Moore 1.0 X 0 0 0 Roderick Russ III 1.0 X 0 0 0 Warren Williamson 1.0 X 0 0 0 Donald G Breazeale 1.0 X 0 0 0 Larry W Edwards 1.0 X 0 0 0 Scott MacLellan 1.0 X 0 0 0 Richard L Ridgway 1.0 X 0 0 0 James M Seneff Jr 1.0 X 0 0 0 James M Baird 1.0 X 0 0 0 Henry H Dekker 1.0 X 0 0 0 Granville Dutton 1.0 X 0 0 0 George R Fair 1.0 X 0 0 0 William M Mounger II 1.0 X 0 0 0 Robert C Cannada Jr 50.0 X 142712 0 22616 E Bradley Tisdale 50.0 X 100623 0 22053 M Steve Wallace 50.0 X 99580 0 17175 Lynwood C Perez 50.0 X 116810 0 11390 Robert J Cara 50.0 X 109659 0 19159 Guy L Richardson 50.0 X 113232 0 20732 Michael A Milton 50.0 X 145576 0 20813 Andrew J Peterson 50.0 X 119071 0 27650 John Sowell 50.0 X 96456 0 29219 Donald W Sweeting 50.0 X 86292 0 7469 Robert T Bridges 50.0 X 104653 0 22720 Mark D Futato 50.0 X 109031 0 18338 1343695 0 239334 9 false true false 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 3 50000 6753960 1798992 6803960 TUITION AND FEES 611600 7739082 7739082 7739082 790534 49489 741045 0 0 807638 629960 177678 177678 87590 90088 7064697 280883 6540714 162775 523983 118108 642091 642091 0 0 530219 450422 79797 79797 COUNSELING INCOME 900099 46515 46515 FINANCE CHARGES 900099 24446 24446 COPY INCOME 900099 3960 3960 8207 8207 83128 16316270 7909800 49489 1553021 10850 10850 2854289 2854289 8372 8372 0 1426852 197232 820794 408826 0 6501341 4966648 880391 654302 451529 335808 83068 32653 766235 611039 119371 35825 476846 317578 109395 49873 0 44212 38553 5659 78130 78130 0 0 168459 168459 639432 527539 111768 125 202530 69978 132552 652529 330625 216872 105032 226228 156788 61456 7984 0 650687 571690 78997 522194 276952 147019 98223 0 54666 32868 16171 5627 0 37043 37043 1399948 1248059 151889 159438 130342 29096 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 359131 260165 43528 55438 18007885 13103510 3401865 1502510 205157 2710522 2251393 119445 2090323 7700 207863 239428 172879 153426 207193 204601 191283 106978 47332462 25440662 22342876 21891800 30803683 34094287 15984868 17855289 1774154 1949766 76231672 79333242 777613 1002698 711503 729848 1809174 1518088 3298290 3250634 X 45150391 49777538 26364654 24767003 1418337 1538067 72933382 76082608 76231672 79333242 X -1691615 4840841 X false true true X false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 46447946 1459964 189692 64250 964036 3694 47065622 47756513 1366294 164731 0 2835964 3628 46447946 44022159 10140561 -338701 64000 6000000 3506 47756513 0.49000 0.03000 0.48000 true true true 899813 3551554 4451367 3851209 24083267 13463961 14470515 11815415 9769383 2046032 3131204 2207318 923886 21891800 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 17855289 0 ANNUITY OBLIGATIONS 1473566 STUDENT HOUSING DEPOSITS 44522 1518088 16316270 18007885 -1691615 4575710 265131 4840841 3149226 18651947 4575710 -2765989 1809721 16842226 -525956 -525956 16316270 15502721 525956 525956 14976765 3031120 3031120 18007885 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: Other Adjustments: Change in Beneficial Interest in Trusts: $265,131 Part XII, Line 2D: Other Adjustments: Investment Management Fees: ($168,459) Change in Beneficial Interest in Trusts: $265,131 Reclass Scholarships: ($2,862,661) Part XII, Line 4B: Other Adjustments: Reclass Cost of Sales: ($450,422) Reclass Rental Expenses: ($75,534) Part XIII, Line 2D: Other Adjustments: Reclass Cost of Sales: $450,422 Reclass Rental Expense: $75,534 Part XIII, Line 4B: Other Adjustments: Reclass Scholarships: $2,862,661 Investment Management Fees: $168,459 true true true true true true true false false false false false false false false true false true 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. true 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 1 1 1 1 2838996 2838996 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 true false true true false false 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. Part IV, Line 3: The filing requirements of Form 5471 were not met by the Seminary during the fiscal year ended 5/31/11 for its ownership interest in a foreign corporation. Therefore, Form 5471 was not filed by the Seminary. true French Camp Academy One Fine Place French Camp MS 39745 640321520 501(c)(3) 5850 See Part IV 1 Scholarships 1441 2854289 FMV Scholarships 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. X X true true X X false false false false false false false false false 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 Part I, Line 1a: 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. John S Redd Jr See Part V 76621 See Part V false 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. X 14 1687050 FMV at time of gift X 1 69434 See Part II X 1 38250 See Part II X 1 4258 FMV at time of gift 0 false true true 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. 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 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 RTS Foundation Inc 5422 Clinton Blvd Jackson MS 39209 640918136 Fundraising MS 501(c)(3) 11a Type I NA false false true false false false false false false false false false true true true false false false