2026-04-13T09:23:05-05:00 2025-05-31 410746749 CLIFTONLARSONALLEN LLP 121 SOUTH TEJON STREET SUITE 1100 COLORADO SPRINGS CO 80903 990 2024-06-01 640918136 RTS FOUNDATION INC RTSF 6019231600 4268 I-55 N JACKSON MS 39211 JESSICA SHORT CFO 6019231660 2026-04-11 1 1 SARAH HINTZ P00492291 7196350330 2026-04-11 2024 2025-03-06 01:10:19Z J LIGON DUNCAN III 4268 I-55 N JACKSON MS 39211 37666 0 X N/A X 1999 MS TO SUPPORT THE MISSION OF REFORMED THEOLOGICAL SEMINARY (RTS), BY PROVIDING ASSISTANCE TO FRIENDS OF RTS AS THEY CONSIDER GIVING TO THIS MINISTRY. 20 20 0 20 0 0 0 3000 8446 0 11128 26869 0 7797 19574 37666 341763 3000 0 0 0 0 0 0 7797 6689 7797 348452 10797 -328878 26869 361709 388578 0 0 361709 388578 X THE MISSION OF THE RTS FOUNDATION IS TO SERVE THOSE WHO SHARE WITH REFORMED THEOLOGICAL SEMINARY THE VISION OF PROVIDING EVANGELICAL BIBLICAL AND THEOLOGICAL EDUCATION IN THE REFORMED TRADITION FOR THE PURPOSE OF PREPARING PASTORS, (CONTINUED ON SCHEDULE O) MISSIONARIES, COUNSELORS AND OTHER CHURCH LEADERS FOR SERVICE TO THE CHURCH THROUGHOUT THE WORLD BY ASSISTING DONORS IN MAXIMIZING THEIR GIVING TO SUPPORT REFORMED THEOLOGICAL SEMINARY WHILE AT THE SAME TIME PROVIDING MAXIMUM BENEFIT TO THEMSELVES AND THEIR FAMILIES. THE MOST ADVANCED TOOLS OF ESTATE AND GIFT PLANNING ARE EMPLOYED UTILIZING METHODS OF INCREASING GIVING, MAXIMIZING TAX SAVINGS AND OFTEN TO INCREASE LIFETIME INCOME. THE ULTIMATE MISSION OF THE RTS FOUNDATION IS TO SERVE CHRIST THROUGH THE MINISTRY OF REFORMED THEOLOGICAL SEMINARY BY SERVING ITS FRIENDSAND SUPPORTERS. 0 0 3000 3000 0 THE FOUNDATION PROVIDED GRANTS TO REFORMED THEOLOGICAL SEMINARY AND OTHER ELIGIBLE 501(C)(3) EXEMPT ORGANIZATIONS APPROVED BY THE FOUNDATION'S BOARD OF TRUSTEES. 3000 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 0 0 0 AK AR CA CO DC KY ME MD MA MI MN NH NJ OH OK OR SC WA WV WI NY X JESSICA SHORT 6019231600 4268 I-55 N JACKSON MS 39211 BF BRACY CHAIRMAN 1.00 1.00 X X 0 0 0 RODERICK S RUSS III SECRETARY 1.00 1.00 X X 0 0 0 GEORGE R FAIR TRUSTEE 1.00 1.00 X 0 0 0 WILLIAM M MOUNGER TRUSTEE 1.00 1.00 X 0 0 0 J SCOTT REDD SR TRUSTEE 1.00 1.00 X 0 0 0 CHARLES L IRBY SR TRUSTEE 1.00 1.00 X 0 0 0 ROBERT T CURTIS TRUSTEE 1.00 1.00 X 0 0 0 T DAVID ELKIN TRUSTEE 1.00 1.00 X 0 0 0 CRAIG C ROHDE TRUSTEE 1.00 1.00 X 0 0 0 COLLIE W LEHN TRUSTEE 1.00 1.00 X 0 0 0 DAVID H LUCAS TRUSTEE 1.00 1.00 X 0 0 0 WARREN J WILLIAMSON JR TRUSTEE 1.00 1.00 X 0 0 0 V HU MEENA TRUSTEE 1.00 1.00 X 0 0 0 RICHARD L RIDGWAY TRUSTEE 1.00 1.00 X 0 0 0 LARRY EDWARDS TRUSTEE 1.00 1.00 X 0 0 0 SCOTT MCLELLAN TRUSTEE 1.00 1.00 X 0 0 0 PAUL A HURST III TRUSTEE 1.00 1.00 X 0 0 0 BENJAMIN W ROBERSON TRUSTEE 1.00 1.00 X 0 0 0 HUGH M COMER TRUSTEE 1.00 1.00 X 0 0 0 J BYRON JOHNSON TRUSTEE 1.00 1.00 X 0 0 0 J LIGON DUNCAN III VICE PRESIDENT 1.00 40.00 X 0 276427 101174 JESSICA SHORT TREASURER 1.00 40.00 X 0 134532 14327 RICKY RAYBORN PRESIDENT 1.00 40.00 X 0 124404 25061 0 535363 140562 0 0 1 0 0 3000 3000 26869 26869 SERVICE FEES 900099 7797 7797 7797 37666 0 0 34666 3000 3000 FUNDRAISING 7797 7797 10797 3000 0 7797 1561 1561 360148 387017 361709 388578 0 0 X 15527 17004 346182 371574 361709 388578 361709 388578 26869 0 X X 0 1 X 1 0 X X 1 REFORMED THEOLOGICAL SEMINARY 640428676 2 1 3000 0 1 3000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 PART IV, SECTION A, LINE 1: RTS FOUNDATION IS A SUPPORTING ORGANIZATION THAT IS OPERATED, SUPERVISED, OR CONTROLLED BY ITS SUPPORTED ORGANIZATION, REFORMED THEOLOGICAL SEMINARY (RTS). RTS FOUNDATION'S ARTICLES OF INCORPORATION STATES THAT IT IS ORGANIZED, AND AT ALL TIMES THEREAFTER IS OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, RELIGIOUS, LITERARY AND/OR EDUCATIONAL PURPOSES AS DESCRIBED IN SECTION 501(C)(3), WITHIN THE MEANING OF SECTION 509(A)(3) OF THE INTERNAL REVENUE CODE. RTS FOUNDATION'S BYLAWS STATE THAT THE ORGANIZATION MAY MAKE DISTRIBUTIONS, IN THE SOLE AND ABSOLUTE DISCRETION OF THE TRUSTEES, TO RTS OR TO SUCH OTHER ORGANIZATIONS ORGANIZED AND OPERATING EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, SCIENTIFIC, LITERARY AND/OR EDUCATIONAL PURPOSES AS SHALL QUALIFY AS AN EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE MISSION OF RTS FOUNDATION IS TO SERVE THOSE WHO SHARE WITH RTS THE VISION OF PROVIDING EVANGELICAL BIBLICAL AND THEOLOGICAL EDUCATION IN THE REFORMED TRADITION FOR THE PURPOSE OF PREPARING PASTORS, MISSIONARIES, COUNSELORS, AND OTHER CHURCH LEADERS FOR SERVICE TO THE CHURCH THROUGHOUT THE WORLD. RTS FOUNDATION SUPPORTS RTS THROUGH ITS SUPPORT OF OTHER CHARITABLE ORGANIZATIONS IN THE COMMUNITY THAT HAVE MISSIONS IN COMMON WITH THE CHURCH. 1 3 3860 367714 1 1 342180 26982 1448 367714 602795 83572 341763 2424 342180 584824 67244 17971 67244 602795 626809 -29729 10375 1881 584824 577154 122832 69520 3657 626809 0.00000 0.27200 0.72800 0 0 0 X PART V, LINE 4: THE INTENDED USE OF THE FOUNDATION'S ENDOWMENT FUNDS IS TO MAKE DISTRIBUTIONS TO OR FOR THE USE OF ORGANIZATIONS EXEMPT AT THE TIME UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (AS AMENDED), UNLESS SUCH ORGANIZATIONS' PURPOSES OR ACTIVITIES ARE ANTITHETICAL TO OR IN CONFLICT WITH THE GOSPEL OF JESUS CHRIST, AS DETERMINED BY THE CORPORATION. PART X, LINE 2: THE CONSOLIDATED FINANCIAL STATEMENT EFFECTS OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN ARE RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS WHEN IT IS MORE LIKELY THAN NOT, BASED ON THE TECHNICAL MERITS, THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION. INTEREST AND PENALTIES, IF ANY, ARE INCLUDED IN EXPENSES IN THE CONSOLIDATED STATEMENT OF ACTIVITIES. AS OF MAY 31, 2025 THE SEMINARY HAD NO UNCERTAIN TAX PROVISIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS X X 1 1 X X 0 0 0 0 0 0 0 0 0 J LIGON DUNCAN III VICE PRESIDENT 0 276427 0 0 0 0 0 20686 0 80488 0 377601 0 0 PART I, LINE 1A HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE HOUSING ALLOWANCES - ANNUALLY REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE SEMINARY. ONE OFFICERS, ONE KEY EMPLOYEES, AND FOUR HIGHEST COMPENSATED EMPLOYEES RECEIVED HOUSING ALLOWANCES WHICH WERE INCLUDED IN THEIR TOTAL NONTAXABLE COMPENSATION. TRAVEL FOR A COMPANION WAS PROVIDE TO A FAMILY MEMBER OF CEO WHICH WAS TREATED AS NON-TAXABLE. PART I, LINE 3 COMPENSATION IS NOT PAID TO ANY OFFICER, DIRECTOR, OR KEY EMPLOYEE OF THE FOUNDATION BUT IS PAID BY REFORMED THEOLOGICAL SEMINARY. THE EXECUTIVE COMMITTEE (A SUBCOMMITTEE OF 11 MEMBERS OF THE BOARD OF DIRECTORS OF REFORMED THEOLOGICAL SEMINARY) REVIEWS AND APPROVES THE TOTAL COMPENSATION OF ALL OFFICERS OF THE SEMINARY AND THE FOUNDATION ON AN ANNUAL BASIS. THE TOTAL AVERAGE COMPENSATION FROM ANNUAL SURVEYS OF U.S. SCHOOLS THAT ARE MEMBERS OF THE ASSOCIATION OF THEOLOGICAL SCHOOLS IS USED TO DETERMINE THE REASONABLENESS OF OFFICER COMPENSATION AS WELL AS OTHER MARKET FACTORS SUCH AS DEGREES, DESIGNATIONS, YEARS OF EXPERIENCE, PREVIOUS EMPLOYMENT RELATIONSHIPS, AND COMPENSATION LEVELS. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE OF RTS IS COMPOSED OF NOT MORE THAN 12 MEMBERS. THESE MEMBERS ARE ELECTED BY THE FULL BOARD OF TRUSTEES FROM THEIR OWN MEMBERSHIP BY A VOTE OF THREE-FOURTHS OF THE MEMBERS OF THE TRUSTEES, CONDUCTED BY SECRET BALLOT, BASED UPON RECOMMENDATIONS FROM THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL EXERCISE THE POWERS AND FUNCTIONS OF THE TRUSTEES IN THE BYLAWS AND CHARTER OF THE CORPORATION. THE COMMITTEE IS SPECIFICALLY AUTHORIZED AND EMPOWERED TO PROMULGATE AND ADOPT AN OPERATING MANUAL FOR THE CORPORATION, WHICH MANUAL SHALL CONSTITUTE THE OFFICIAL ACTION OF THE CORPORATION AND SHALL REMAIN IN EFFECT, UNTIL CHANGED, ALTERED OR AMENDED BY ACTION OF THE COMMITTEE. FORM 990, PART VI, SECTION A, LINE 7A THE PERSONS SERVING FROM TIME TO TIME AS MEMBERS OF THE COMMITTEE AND AS CHANCELLOR OF THE SEMINARY SHALL AUTOMATICALLY, WITHOUT ANY ADDITIONAL ACTION ON THE PART OF EITHER THE SEMINARY OR THE CORPORATION, SERVE AS TRUSTEES OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B A MEETING IS HELD BY THE AUDIT/FINANCE COMMITTEE OF RTS TO ALLOW COMMITTEE MEMBERS TO DISCUSS THE RETURN AND ASK ANY QUESTIONS. AFTER DISCUSSION/REVISIONS HAVE OCCURRED, THE RETURNS ARE RECOMMENDED TO THE EXECUTIVE COMMITTEE FOR REVIEW AND APPROVAL TO BE FILED. THE FORM 990 IS PROVIDED TO ALL BOARD MEMBERS FOR REVIEW PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD ON AN ANNUAL BASIS DISCLOSES RELATED PARTY TRANSACTIONS THAT COULD GIVE RISE TO CONFLICTS. THESE TRANSACTIONS ARE DISCUSSED AND RECORDED IN THE MINUTES OF THE BOARD MEETING FOR REFORMED THEOLOGICAL SEMINARY. PERSONS WITH A CONFLICT ARE PROHIBITED FROM PARTICIPATING IN THE BOARD'S DELIBERATIONS AND DECISIONS REGARDING THE TRANSACTION. FORM 990, PART VI, SECTION C, LINE 19 RTS FOUNDATION MAKES ITS FINANCIAL STATEMENTS, GOVERNING DOCUMENTS (ARTICLES OF INCORPORATION AND BYLAWS) AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. REFORMED THEOLOGICAL SEMINARY 4268 I-55N JACKSON MS 39211 640428676 THEOLOGICAL EDUCATION MS 501(C)(3) LINE 2 N/A 0 REFORMED THEOLOGICAL SEMINARY OF FLORIDA 1231 REFORMATION DRIVE OVIEDO FL 32765 421647628 THEOLOGICAL EDUCATION FL 501(C)(3) LINE 12A, I REFORMED THEOLOGICAL SEMINARY 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0