2012-05-14T14:34:16-05:00 2011-06-30 Berry Dunn McNeil & Parker LLC PO Box 1100 Portland ME 041041100 990 2010-07-01 042463847 Gordon-Conwell Theological Seminary Inc GORD 9784687111 130 Essex Street South Hamilton MA 019822317 Robert S Landrebe 9784687111 2012-05-14 1 Barbara J McGuan CPA 2077752387 2012-05-14 2010 2016-02-24 21:20:13Z Dennis P Hollinger 130 Essex Street South Hamilton MA 019822317 43652080 0 X http://www.gordonconwell.edu X 1970 MA The Seminary provides graduate education in theology and religion. 27 27 625 20 0 0 5024416 5633739 18660068 19146040 1032198 2864165 123516 150825 24840198 27794769 4258882 4356351 0 0 12093270 13006296 108499 72840 1690608 7968640 8750316 24429291 26185803 410907 1608966 81886532 88607349 7243568 7680059 74642964 80927290 X Gordon-Conwell Theological Seminary is an educational institution serving the Lord and His Church. Its mission is to prepare men and women for ministry at home and abroad. The Seminary undertakes this task as a training partner with the Church so that what is learned on campus can be complemented by the spiritual nurture and exercise of ministry available through the Church. 0 0 15674639 4356351 15107476 Provided graduate theological education that served over 2,700 students in FY11. The Seminary has four campuses: Hamilton, MA; Boston, MA; Charlotte, NC; and Jacksonville, FL. It offers 23 degree programs. 3990585 3536761 Provided auxiliary services in connection with the above, including housing, food services, bookstores, printing/copying, and nursery care. 1168249 501803 Provided continuing education in theological studies for pastors, laity, and others. 20833473 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 0 1 0 1 0 1 0 1 1 0 0 0 1 1 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 2677 0 1 625 1 0 0 0 0 1 1 0 0 0 0 0 X 27 27 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 AZ MA NH WI X Robert S Landrebe 9784687111 130 Essex Street South Hamilton MA 019822317 Thomas J Colatosti 1.00 X X 0 0 0 Claude R Alexander Jr 1.00 X X 0 0 0 David M Rogers 1.00 X X 0 0 0 Joseph W Viola 1.00 X X 0 0 0 Herbert P Hess 1.00 X X 0 0 0 George F Bennett 1.00 X 0 0 0 William F Graham 1.00 X 0 0 0 Joel B Aarsvold 1.00 X 0 0 0 Linda S Anderson 1.00 X 0 0 0 Garth T Bolinder 1.00 X 0 0 0 Richard P Camp 1.00 X 0 0 0 Charles W Colson 1.00 X 0 0 0 Stan D Gaede 1.00 X 0 0 0 Joyce A Godwin 1.00 X 0 0 0 Michael E Haynes 1.00 X 0 0 0 Ivan C Hinrichs 1.00 X 0 0 0 John A Huffman Jr 1.00 X 0 0 0 Caleb Loring III 1.00 X 0 0 0 Christopher A Lyons 1.00 X 0 0 0 Joanna S Mockler 1.00 X 0 0 0 Fred L Potter 1.00 X 0 0 0 Shirley A Redd 1.00 X 0 0 0 Timothy B Robertson 1.00 X 0 0 0 Samuel Rodriguez Jr 1.00 X 0 0 0 John Schoenherr 1.00 X 0 0 0 Virginia M Snoddy 1.00 X 0 0 0 John G Talcott Jr 1.00 X 0 0 0 J Christy Wilson III 1.00 X 0 0 0 John H Womack 1.00 X 0 0 0 William C Wood 1.00 X 0 0 0 Dennis P Hollinger 50.00 X 174735 0 19497 Robert S Landrebe 50.00 X 137545 0 18182 Jeffrey D Arthurs 50.00 X 105677 0 18947 Kurt W Drescher 50.00 X 128067 0 16997 Scott J Hafemann 50.00 X 104062 0 18297 Frank A James 50.00 X 130072 0 18797 Haddon W Robinson 50.00 X 109046 0 13957 889204 0 124674 9 0 1 0 Sodexo Inc and Affiliates PO Box 360170 Pittsburgh PA 152516170 Food Service 614901 ServiceMaster of Middlesex County PO Box 414 N Andover MA 01845 Cleaning Services 191030 Alpine Property Services Co 239 Boston Street Topsfield MA 019832215 Grounds & Facilities Maint. 172250 David W Lane Landscape Inc 285 High Street Ipswich MA 019381242 Grounds & Facilities Maint. 115284 4 5633739 224796 5633739 Student Tuition & Fees 900099 15010603 15010603 Auxiliary Enterprises 900099 3736815 3736815 Contracts & Subscripti 900099 192406 192406 Government Fees 900099 124810 124810 Other Revenue 900099 81406 81406 19146040 972251 972251 150825 150825 150825 150825 17749225 15857311 1891914 1891914 1891914 27794769 19146040 0 3014990 100000 100000 4037525 4037525 218826 218826 361046 361046 10530358 8308298 1499088 722972 1588911 1218772 253136 117003 525981 376441 103424 46116 9148 9148 52892 52892 72840 72840 78535 78535 2623923 2297000 225441 101482 167421 8483 3695 155243 1307354 886436 227530 193388 331114 43552 274135 13427 1245349 1191677 50676 2996 731555 511449 117595 102511 156749 87007 24550 45192 165101 161959 3142 1123524 712962 410562 Purchases for Resale 294476 294476 463175 290927 54810 117438 26185803 20833473 3661722 1690608 523625 437606 1793525 4047246 1372364 2812614 1119828 1181791 3159165 3218202 246783 282852 376352 487213 52789047 18757855 34409184 34031192 36397946 38700975 2487760 3407658 81886532 88607349 1803696 2067850 797985 851505 1816844 2293221 1842090 1521995 982953 945488 7243568 7680059 X 25558849 26469943 7355172 10656121 41728943 43801226 74642964 80927290 81886532 88607349 X 1608966 4675360 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 41404836 117567 6812681 879755 1097432 78535 46279362 39618737 318163 3557691 917718 1095984 76053 41404836 46587733 1069547 -5879477 963302 1115145 80619 39618737 0.02000 0.88000 0.10000 0 0 2292411 2292411 44177279 14237985 29939294 21583 6956 14627 6297774 4512914 1784860 34031192 Advances from government for Federal student loans 945488 945488 27794769 26185803 1608966 4627716 47644 4675360 6284326 28213778 4627716 47644 4675360 23538418 4256351 4256351 27794769 21929452 0 21929452 4256351 4256351 26185803 Part IV, Line 2b: Annuity value related to the charitable remainder trusts and other gift annuities are valued based on the actuarial expected lives of beneficiaries normally using six percent as the interest rate basis to determine present value. Description of Intended Use of Endowment Funds: Part V, Line 4: The intended uses of the Organization's endowment funds are to provide a reliable recurring revenue stream for academic programs, financial aid, general operations and maintenance, and other programs within donor restrictions. Part XI, Line 8 - Other Adjustments: Change in Value, Remainder Trusts & Annuities 47,644. Part XII, Line 2d - Other Adjustments: Change in Value, Remainder Trusts & Annuities 47,644. Part XII, Line 4b - Other Adjustments: Student Aid 4,256,351. Part XIII, Line 4b - Other Adjustments: Student Aid 4,256,351. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Explanation of Nondiscriminatory Policy Publication Schedule E, Part I, Line 3 Gordon-Conwell publishes its racially nondiscriminatory policy on its website's persona pages for prospective students and current students. Explanation of Government Financial Assistance Schedule E, Part I, Line 6 The Seminary participates in the US Department of Education's Direct Loan, FWS and Perkins programs. 1 Central America & Caribbean 0 0 Program Services Educational Instruction 157260 South America 0 0 Program Services Educational Instruction 39195 East Asia and the Pacific 0 0 Program Services Educational Instruction 21111 Europe 0 0 Program Services Educational Instruction 1260 0 0 0 0 0 0 218826 0 218826 General Scholarships Central America & Caribbean 254 157260 Tuition reduction from full-tuition FMV General Scholarships South America 67 39195 Tuition reduction from full-tuition FMV General Scholarships East Asia and the Pacific 36 21111 Tuition Reduction from full-tuition FMV General Scholarships Europe 1 1260 Tuition Reduction from full-tuition FMV 0 0 0 0 0 0 Other Information Schedule F, Part V Part I, Line 2 & Part I, Column (f), Line 3: Scholarships provided to international students participating in courses hosted outside the U.S.. Scholarships are non-cash tuition reductions from the full-tuition rate and are based on the program the students are in. No other criteria are used to determine the tuition reduction. Payment of reduced-tuition rate is monitored by the Student Accounts Office. Part III, Column (c): The number of recipients is based on reporting by the program manager. X X X X X 1 The Focus Group 521 A1A Beach Blvd St Augustine FL 32080 Comprehensive Campaign Planning 0 0 63123 63123 63123 63123 AZ CO MA NH WI AR NJ UT 1 Town of Hamilton 577 Bay Road Hamilton MA 01936 046001168 Town 100000 0 Gift in appreciation of town services. Endowed Scholarships 223 745312 FMV of award amount Tuition reductions from full-tuition Named Scholarships 68 21941 232722 FMV of award amount Tuition reduction from full-tuition General Scholarships 1137 3037550 FMV of award amount Tuition reduction from full-tuition Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: All students who are applying for Federal financial aid are required to complete the FAFSA and the Gordon-Conwell financial aid application. The information obtained from these documents is used by the Financial Aid Office to determine eligibility of Federal and institutional aid. To assist with determining their eligibility, each student is assigned an institutional budget for the cost of attendance. This budget includes tuition, books and fees, room and board, health insurance, transportation, and a miscellaneous category. In general, Gordon-Conwell scholarships are either need-based or merit-based and any Gordon-Conwell aid that is awarded is factored into the eligibility for Federal aid. X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 Dennis P Hollinger 173547 0 0 0 1188 0 0 0 19497 0 194232 0 0 0 Robert S Landrebe 136771 0 0 0 774 0 0 0 18182 0 155727 0 0 0 Part I, Line 1a Travel for companions is restricted to spouses and only in accordance with the Spousal Travel Policy. Tax indemnification is provided for employee business-related cellular phone use in accordance with the Cellular Phone Policy. Housing allowance is provided to qualifying ordained or licensed ministers that have a church or denomination exercising significant oversight and supervision over their ministerial duties at Gordon-Conwell. Dennis Hollinger Housing Assistance X 200000 200000 0 1 1 200000 X 16 195103 Market quotations X Equipment 3 29693 Cost of comparable equipment 0 1 1 Third Party Use: Part I, Line 32b: The Seminary uses State Street Bank and Fidelity Investments to process and immediately sell any publicly traded stock contributions. Form 990, Part VI, Section A, line 2 Trustee Graham is the Chairman, Trustee Aarsvold is the Secretary, and Trustee Hess is a member of the Board of Directors for the Billy Graham Evangelistic Association. Form 990, Part VI, Section A, line 4 Gordon-Conwell made three significant changes to its governing bylaws during the tax year as follows: 1)Gordon-Conwell now requires a supermajority (90% of the Trustees) to approve any amendments to its Statement of Faith, 2)Gordon-Conwell added it's previously approved and implemented Conflict of Interest Policy into the bylaws, 3)Gordon-Conwell limited all Officers of the Board, except the President, to no more than two consecutive three year terms in the same office unless the Board determines that there are unusual and extraordinary circumstances. Form 990, Part VI, Section B, line 11 Form 990 is prepared and reviewed by management. The return is then reviewed by the tax department of Gordon-Conwell's independent accountants. The public version of the return is next reviewed by the Audit Committee and then the public version of the return is provided to the Board of Trustees before the non-public version of the return is filed with the IRS. Form 990, Part VI, Section B, line 12c Gordon-Conwell requires a conflict of interest policy form to be signed annually by each Trustee, Senior Administrator, and Faculty Member. The Chairman of the Board of Trustees is responsible for enforcing the policy for all Trustees. The President is responsible for enforcing the policy for all Senior Administrators and Faculty Members. Form 990, Part VI, Section B, line 15 Compensation of Gordon-Conwell's President and Executive Vice President/Chief Financial Officer is determined by the Executive Compensation & Personnel Committee, which is made up of independent members of the Board of Trustees. The Executive Compensation & Personnel Committee reviews compensation survey data for comparable positions at peer schools to determine reasonable and appropriate executive compensation. The final compensation amounts are approved and contemporaneously documented by the Executive Compensation & Personnel Committee and included in the fiscal year budget that is approved by the Board of Trustees. Form 990, Part VI, Section C, line 19 Gordon-Conwell makes its IRS Form 1023, IRS Form 990, IRS determination letter, governing documents, conflict of interest policy, and financial statements available to the public upon request. Public versions of the documents will be provided either via U.S. Postal Service or email. Gordon-Conwell also makes its Annual Report and the last three years of financial statements available on its website. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized gains on investments: 4,627,716. Change in Value, Remainder Trusts & Annuities 47,644. Total to Form 990, Part XI, Line 5: 4,675,360. Oversight of Audit Form 990, Part XII, Line 2c: The process of overseeing the financial statement audit and selection of the independent auditor has not changed from prior year. Form 990, Part V, Line 3a: Gordon-Conwell has no unrelated business income. Its revenue is either directly related to its exempt function as a 501(c)(3) school or is excluded from unrelated business income due to the exclusions of rent from real property and all dividends, interest, annuities and other investment income. Loans To and From Interested Persons Form 990, Schedule L, Part II: Housing assistance loan to Dennis P. Hollinger is part of the Housing Assistance Program, which is a shared appreciation loan for the purchase of a home. The loan accrues interest during the life of the loan based on a shared appreciation formula and no interest or principal is paid until the borrower is required to pay off the loan. The loan is secured with a second mortgage on the house.