2011-05-16T08:10:53-05:00 2010-06-30 O'CONNOR DAVIES MUNNS & DOBBINS LLP 15 ESSEX RD PARAMUS NJ 076521412 990 2009-07-01 131624238 union theological seminary UNIO 2126627100 3041 broadway new york NY 10027 SERENE JONES 2126627100 2011-05-13 1 Brian M Flynn 2017129800 2009 2016-02-24 21:20:13Z SERENE JONES 3041 broadway new york NY 10027 21113632 0 X www.utsnyc.edu X 1836 NY To provide theological education. 41 41 251 50 0 0 2386723 2876707 6941662 9950893 -3948083 1804097 -45563 142599 5334739 14774296 2904548 0 9585008 6418434 0 412630 5552005 9444265 15137013 18767247 -9802274 -3992951 101453250 105613125 15484558 16073958 85968692 89539167 the mission of union theological seminary, an independent, multi-denominational seminary in the City of New York, derives from a Christian heritage that is at once progressive and evangelistic: to educate leaders for ministry in churches and related organizations, to extend the work of social justice and to enrich the academy through teaching and research. 0 0 14194892 9950893 provide graduate educational programs to more than 300 full-time and part-time students 14194892 1 1 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 344 0 1 251 1 0 0 0 0 0 0 0 0 0 41 41 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 NY X X RICHARD MADONNA 2122801402 3041 broadway new york NY 10027 c douglas ades 0.50 X 0 0 0 david M callard 0.50 X 0 0 0 sharon m davision 0.50 X 0 0 0 barbara D fiorito 0.50 X 0 0 0 rev dr james a forbes jr 0.50 X 0 0 0 blake T franklin 0.50 X 0 0 0 carla harris 0.50 X 0 0 0 scott harshbarger 0.50 X 0 0 0 william e havemayer 0.50 X 0 0 0 sally hernandez-pinero 0.50 X 0 0 0 THE REV william H hudnut iii 0.50 X 0 0 0 THE REV brenda g husson 0.50 X 0 0 0 kevin jennings 0.50 X 0 0 0 anne hale johnson 0.50 X 0 0 0 michael j johnston 0.50 X 0 0 0 THE REV emma jordan-simpson 0.50 X 0 0 0 michael j kelly 0.50 X 0 0 0 dr timothy light 0.50 X 0 0 0 SR joan magnetti 0.50 X 0 0 0 john d maguire 0.50 X 0 0 0 rabbi j rolando matalon 0.50 X 0 0 0 bart mcdade 0.50 X 0 0 0 rhonda joy mclean 0.50 X 0 0 0 calvin m mew 0.50 X 0 0 0 helmar nielsen 0.50 X 0 0 0 dr leon pacala 0.50 X 0 0 0 sally pederson 0.50 X 0 0 0 david purvis 0.50 X 0 0 0 susan k reed 0.50 X 0 0 0 dr w ann reynolds 0.50 X 0 0 0 james sligar 0.50 X 0 0 0 john w sweetland 0.50 X 0 0 0 cleophus thomas 0.50 X 0 0 0 arthur e trotman 0.50 X 0 0 0 michaela walsh 0.50 X 0 0 0 h mitchell watson jr 0.50 X 0 0 0 rev dr john c b webster 0.50 X 0 0 0 dr mary h white 0.50 X 0 0 0 blenda j wilson 0.50 X 0 0 0 CATHERINE STIMPSON 0.50 X 0 0 0 MIM WARDEN 0.50 X 0 0 0 serene jones 40.00 X 237952 0 136727 james cone 40.00 X 104012 0 103570 JAMES BRYANT 40.00 X 131425 0 24422 473389 0 264719 3 0 1 0 grubb & ellis 1301 avenue of americas 42nd floor new york NY 10019 facilities outsourcing and management 3589454 robert half international 12400 collection ctr dr chicago IL 60693 temp labor 212292 CAMBRIDGE ASSOCIATES LLC pobox 10317 uniondale NY 11555 INVESTMENT MANAGEMENT 183739 PROVEN GENERAL CONTRACTING INC 435 RIVERSIDE DRIVE SUITE F NEW YORK NY 10036 facilities maintenance and repairs 170042 blade general contracting 188 van buren street staten island NY 10301 facilities maintenance and repairs 114700 5 2876707 153572 2876707 auxiliary enterprises 532000 5670834 5670834 tuition and fees 611710 4280059 4280059 9950893 774121 774121 7369312 6339336 1029976 1029976 1029976 other revenue 900099 78214 78214 postretirement benefit 900099 51255 51255 change in split-intere 900099 13130 13130 142599 14774296 9950893 0 1946696 2904548 2904548 297421 297421 4560416 3183794 1285708 90914 425282 278727 138596 7959 739524 484679 241005 13840 395791 259399 128985 7407 82838 82838 57000 57000 118380 118380 1079121 259624 772669 46828 423959 181734 113601 128624 484560 456352 25033 3175 185896 123863 57492 4541 283050 265267 11603 6180 838318 783520 54798 1877202 1754419 122783 249715 3563 245783 369 FACILITIES AND MAINTENA 2504515 2390920 109431 4164 UTILITIES 504657 460103 36789 7765 supplies 253077 179927 42522 30628 HOSPITALITY 177437 58671 107352 11414 DUES & SUBSCRIPTIONS 82021 37433 44516 72 242519 128349 65420 48750 18767247 14194892 4159725 412630 500 700 5843523 3850623 2364378 2044593 253058 164180 1508976 1465536 149413 159016 50488928 33149303 18075593 17339625 29307394 32959743 42716958 46154355 1233457 1474754 101453250 105613125 1626612 1541382 678903 678903 11800000 12452948 1379043 1400725 15484558 16073958 X 42984390 45644048 2398417 3189353 40585885 40705766 85968692 89539167 101453250 105613125 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 72017409 669938 9310245 4800639 77196953 88636805 368392 -11994154 4993634 72017409 0.50000 0.50000 0 0 1928226 1928226 44351821 29730679 14621142 3708239 3418624 289615 500642 500642 17339625 COMMINGLED TRUST FUND 29019030 F HEDGE FUNDS 12815562 F INVESTMENT IN OIL AND GAS PARTNERSHIPS 4319763 C 46154355 security deposits 110017 postretirement benefits liabilities 574162 gift annuity payable 716546 1400725 14774296 18767247 -3992951 7563426 7563426 3570475 19433174 7563426 7563426 11869748 2904548 2904548 14774296 15862699 0 15862699 2904548 2904548 18767247 Part V, Line 4: Description of Intended Use of Endowment Funds: TO PROVIDE LONG TERM SUPPORT FOR THE ORGANIZATION'S PROGRAM SERVICES Part X: Description of Uncertain Tax Positions Under FIN 48: THE SEMINARY RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE SEMINARY HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION. THE SEMINARY IS NOT SUBJECT TO AUDITS BY THE APPLICABLE TAXING JURISDICTIONS FOR THE PERIODS PRIOR TO 2007. Part XII, Line 4b - Other Adjustments: student aid applicable to tuition and fees: 2904548. Part XIII, Line 4b - Other Adjustments: student aid applicable to tuition and fees: 2904548. 1 1 1 The school publicizes its racially nondiscriminatory statement on its website and in all handbooks and literature distributed. The admissions brochure discloses that it serves students of significant financial need and diverse cultures. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 UNION THEOLOGICAL SEMINARY RECEIVED GRANTS FOR STUDENT FINANCIAL ASSISTANCE FROM THE U.S. DEPARTMENT OF EDUCATION. THESE ARE FOR STUDENT LOANS UNDER THE FEDERAL FAMILY EDUCATION LOAN PROGRAM, FEDERAL PERKINS LOAN PROGRAM AND THE FEDERAL WORK STUDY PROGRAM. 1 1 grants, scholarships and fellowships for tuition 228 2904548 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: The financial aid office maintains the records related to the grants application. The procedure is as follows: the students apply annualy for grants based on their families' financial circumstances. Each application is then reviewed to determine the amount of grant that is needed. The grants are provided from appropriate sources and applied to each student's bill for tuition, fees, room, board and other charges. X X X 0 0 0 0 0 0 0 0 0 serene jones 237952 0 0 0 0 0 0 0 136727 0 374679 0 0 0 james cone 104012 0 0 0 0 0 0 0 103570 0 207582 0 0 0 JAMES BRYANT 131425 0 0 0 0 0 0 0 24422 0 155847 0 0 0 Part I, Line 1a "As part of its historic mission of nurturing spiritual development in community for ministry, Union Theological Seminary requires its faculty to reside at the Seminary in order to be readily available for students and for Seminary events. This housing is used to meet with students, hold classes and for other Seminary purposes. The value of the housing has been included where required on Schedule J as a nontaxable benefit. Because the question asks if there is housing allowance or residence for personal use, the Seminary has not checked the box; the Seminary considers that this housing is for institutional use, not for personal use." X 17 153572 FMV OF SECURITIES 0 1 0 Form 990, Part VI, Section B, line 11 Union Theological Seminary has its Form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. When the Form 990 has been prepared, reviewed by management and is ready to be filed with the Internal Revenue Service, it is distributed to the members of the audit committee for any comments prior to its submission. The governing body has delegated its oversight role to the audit committee. Any comments made by the audit committee are presented to the officer. Each issue is documented and addressed until the return is finalized and approved for filing. Form 990, Part VI, Section B, line 12c Union Theological Seminary currently has in place a conflict of interest policy which is monitored and enforced annually. The board mandates that all members of the governing body review and sign the conflict of interest policy at the first board meeting of the fiscal year. Form 990, Part VI, Section B, line 15 Compensation for the President and key administrators at Union Theological Seminary are determined by Union's Executive Compensation Committee, a subcommittee of the Board of Trustees Executive Committee, after reviewing guidelines and comparable data in the UTS Human Resources Office. Form 990, Part VI, Section C, line 19 Union Theological Seminary makes its form 990 available for public inspection as required under section 6104 of the internal revenue code by posting it on guidestar.org. In addition, Union Theological Seminary also makes their financial statements, governing documents, and conflict of interest policy available upon request. FORM 990 PART XI LINE 2C: Union Theological Seminary has an audit committee that oversees the audit of its financial statements and selection of an independent accountant. THE PROCESS FOR SELECTING AN INDEPENDENT ACCOUNTANT AND ESTABLISHING A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT HAS NOT CHANGED FROM PRIOR YEAR.