2011-03-03T16:26:06-06:00 2010-05-31 BKD LLP 190 E Capitol Street Suite 500 Jackson MS 392012190 990 2009-06-01 640428676 Reformed Theological Seminary REFO 6019231600 5422 Clinton Boulevard Jackson MS 39209 E Bradley Tisdale 2011-04-15 6019486700 2009 2016-02-24 21:20:13Z Robert C Cannada Jr 5422 Clinton Blvd Jackson MS 39209 50536097 false X www.rts.edu X 1964 MS To serve the church by preparing its leaders through a program of graduate theological education. 18 17 378 0 20518 18560 16421207 8197282 7366946 7482419 581302 -1753742 439304 311954 24808759 14237913 2497549 2668030 0 0 9822312 9296015 0 0 1336801 5346461 5264175 17666322 17228220 7142437 -2990307 73684348 76231672 3496556 3298290 70187792 72933382 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 12837784 2668030 7482419 The seminary serves approximately 2,900 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. 12837784 true true false false false false false false true true false true true true true false true false false false false false true true false false false false false false true false true false false false true true true false false true 175 0 true 378 true true true false false false false false false false false true 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 141311 0 24199 E Bradley Tisdale 50.0 X 99011 0 24598 M Steve Wallace 50.0 X 96223 0 15606 Lynwood C Perez 50.0 X 111763 0 11561 Robert J Cara 50.0 X 107246 0 21624 Guy L Richardson 50.0 X 112340 0 23377 Michael A Milton 50.0 X 146862 0 17312 Andrew J Peterson 50.0 X 119161 0 28075 John Sowell 50.0 X 98549 0 31238 Robert T Bridges 50.0 X 104123 0 24393 Mark D Futato 50.0 X 110951 0 20257 Samuel H Larsen 50.0 X 102224 0 9272 1349764 0 251512 9 false true false Tradeweb Inc PO Box 162014 ALTAMONTE SPRINGS FL 327162014 Information Tech 206695 NexLearn LLC 100 South Main St Ste 300 WICHITA KS 67202 Online Course Dev. 177648 Securitas Security Services USA 12672 Collections Center Dr CHICAGO IL 60693 Security 131779 Walker Printing Company PO Box 11425 MONTGOMERY AL 36111 Printing Services 126346 4 25260 8172022 984392 8197282 TUITION AND FEES 611600 7482419 7482419 7482419 780623 20518 760105 0 0 798349 594129 204220 204220 88787 115433 32610442 109908 35185218 69497 -2574776 40411 -2534365 -2534365 0 0 470092 449340 20752 20752 COUNSELING INCOME 900099 52311 52311 FINANCE CHARGES 900099 23316 23316 COPY INCOME 900099 4847 4847 6508 6508 86982 14237913 7658188 20518 -1638075 5000 5000 2646680 2646680 16350 16350 0 1227393 159336 748792 319265 0 6360683 5045435 692658 622590 457135 350892 72272 33971 782824 639695 99354 43775 467980 315512 102293 50175 0 29590 22118 7472 73715 73715 0 0 168346 168346 616629 480508 136121 160836 36499 124337 676609 337812 242074 96723 236317 145525 81836 8956 0 576335 507792 68543 526300 357532 99288 69480 0 74038 24239 48863 936 0 25074 25074 1316237 1186264 129973 161637 133042 28595 SECURITY 117537 109662 7875 VISA PROCESSING 76288 73944 2344 BAD DEBT EXPENSE 49678 49678 DUES AND SUBSCRIPTIONS 48980 26910 20200 1870 UNRELATED BUSINESS EXPENSE -7598 -7598 337627 313099 -29642 54170 17228220 12837784 3053635 1336801 124979 205157 1502562 2251393 1427756 2090323 205804 207863 195319 172879 194472 207193 107469 191283 46229739 23886863 19886899 22342876 41956485 30803683 5523901 15984868 2558702 1774154 73684348 76231672 756550 777613 828793 711503 1911213 1809174 3496556 3298290 X 42879181 45150391 25965723 26364654 1342888 1418337 70187792 72933382 73684348 76231672 X false true true X false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 47756513 1366294 89282 0 2760515 3628 46447946 44022159 10140561 5189 64000 6343890 3506 47756513 0.49000 0.03000 0.48000 true true true 868698 3411554 4280252 3790245 21415389 12692085 12513549 10899305 9173109 1726196 5844547 2021668 3822879 22342876 INTEREST IN HEDGE FUNDS 9841481 C INTEREST IN INTL EQUITY FUND 4556487 C INTEREST IN DOMESTIC EQUITY FD 1500000 C INTEREST IN PRIVATE EQUITY FD 83000 C NON-PUBLIC ST-BCC BANKSHARES 3900 C 15984868 0 ANNUITY OBLIGATIONS 1777118 STUDENT HOUSING DEPOSITS 32056 1809174 14237913 17228220 -2990307 5667899 67998 5735897 2745590 17668283 5667899 -2763378 2904521 14763762 -525849 -525849 14237913 14922693 525849 525849 14396844 2831376 2831376 17228220 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: FIN 48 Footnote: A footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 was not applicable for the year ended May 31, 2010. Part XI, Line 8: Other Adjustments: Change in Beneficial Interest in Trusts: $67,998 Part XII, Line 2D: Other Adjustments: Investment Management Fees: ($168,346) Change in Beneficial Interest in Trusts: $67,998 Reclass Scholarships: ($2,663,030) Part XII, Linie 4B: Other Adjustments: Reclass Cost of Sales: ($449,340) Reclass Rental Expenses: ($76,509) Part XIII, Line 2D: Other Adjustments: Reclass Cost of Sales: $449,340 Reclass Rental Expense: $76,509 Part XIII, Line 4B: Other Adjustments: Reclass Scholarships: $2,663,030 Investment Management Fees: $168,346 true true true The seminary's nondiscrimination policy is communicated to the general community through its official website (www.rts.edu) and catalog. true true true true false false false false false false false false false false true true East Asia and the Pacific 0 0 Grantmaking Scholarships 11046 East Asia and the Pacific 0 0 Program Services Instructional Costs 53805 South America 1 1 Program Services Instructional Costs 12888 Europe (Including Iceland and Greenland) 0 0 Send agents to seminar Attend Conference 770 Europe (Including Iceland and Greenland) 0 0 Grantmaking Scholarships 1080 Sub-Saharan Africa 0 0 Grantmaking Scholarships 1728 South America 0 0 Grantmaking Scholarships 216 North America 0 0 Grantmaking Scholarships 1200 Middle East and North Africa 0 0 Grantmaking Scholarships 1080 1 1 83813 Scholarships East Asia/Pacific 15 11046 Scholarships FMV Scholarships Europe/Iceland/Greenland 1 1080 Scholarships FMV Scholarships Sub-Saharan Africa 1 1728 Scholarships FMV Scholarships South America 1 216 Scholarships FMV Scholarships North America 2 1200 Scholarships FMV Scholarships Middle East/North Africa 1 1080 Scholarships FMV Part I, Line 2: Records are maintained showing scholarship awards to specific individuals who live in regions outside of the United States. true X Scholarships 1469 2646680 FMV Scholarships Part 1, Line 2: Senior management recommends to the Executive Committee grants to other organizations for approval. Part III: Scholarship assistance is approved and monitored for individuals through campus scholarship committees. X X X true true X X false false false false false false false false false Robert C Cannada Jr 73065 0 246 0 68000 0 9635 0 14564 0 165510 0 0 Michael A Milton 80662 0 4420 0 61780 0 4409 0 12903 0 164174 0 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. Tax indemnification and gross-up payments - A taxable reimbursement for the personal use of a cell phone was grossed up to cover the potential tax liability on this income. John S Redd Jr See Schedule O 75542 See Schedule O false X 1 0 N/A X 14 984392 FMV at time of gift 0 false true true Part I, Line 32a: The Seminary uses third-party realtors to market and sell donated land. Part I, Line 33: Reporting revenues for cars and other vehicles: The seminary occasionally receives cars as gifts, but does not provide a value to the donor or record any revenue at that time. Page 6, Part VI, Section B, Line 11a: The Form 990 is provided to all board members for review. A specially called meeting is then 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 with the Internal Revenue Service. 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. Schedule L, Part VI, Column (a) & (d): Relationship between interested person and the organization: son of J. Scott Redd, board member Description of transaction: Compensation was paid to a family member of a board member in excess of $10,000. 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 -66288 597137 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