2023-05-05T09:41:07-05:00 2022-06-30 363990892 Capin Crouse LLP 1255 Lakes Parkway Suite 130 Lawrenceville GA 30043 990 2021-07-01 570833937 Greenville Presbyterian Seminary Seminary GREE 8643222718 PO Box 690 Taylors SC 296870014 Jonathan Master President 8643222718 2023-05-05 1 Jonathan Master 999009999 Daren Daiga P01074795 5055022746 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z Jonathan Master PO Box 690 Taylors SC 296870014 2556655 0 X www.gpts.edu X 1986 SC Equip men to preach Christ through biblical language and biblical theology education. 21 21 19 40 0 0 1388544 1737164 432987 552253 29518 81749 1803 1612 1852852 2372778 174048 148193 0 0 1086383 1236936 0 0 146507 545332 781669 1805763 2166798 47089 205980 2684056 2831446 51067 45843 2632989 2785603 To equip men to be preachers, pastors, and churchmen for Christ's Kingdom among the nations. 0 0 1755626 148193 552253 Theological and educational services to equip men to be preachers, pastors, and churchmen for Christ's Kingdom among the nationsin the context of biblical fidelity, confessional integrity, experimental piety, and ecclesiastical authority for approximately 100 students. 1755626 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 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 71 0 1 19 1 0 0 0 0 0 0 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 SC X Brad Perkins 8643222717 PO Box 690 Taylors SC 296870014 X Fredric Marcinak III Chairman 1.00 X X 0 0 0 Joseph Fowler Vice Chairman 1.00 X X 0 0 0 James Higgins Treasurer 1.00 X X 0 0 0 Mark T Bube Secretary 1.00 X X 0 0 0 Dale S White Trustee 1.00 X 0 0 0 John H Van Voorhis Trustee 1.00 X 0 0 0 Tim Worrell Trustee 1.00 X 0 0 0 Bruce R Vrieling Trustee 1.00 X 0 0 0 Ian Hamilton Trustee 1.00 X 0 0 0 Carl D Robbins Trustee 1.00 X 0 0 0 Frank Aderholdt Jr Trustee 1.00 X 0 0 0 Daniel Jarstfer Trustee 1.00 X 0 0 0 Kevin Backus Dr Trustee 1.00 X 0 0 0 Del Bailey Dr Trustee 1.00 X 0 0 0 Gary Flye Trustee 1.00 X 0 0 0 Cornelius Johnson Trustee 1.00 X 0 0 0 David McWilliams Dr Trustee 1.00 X 0 0 0 Travis Grassmid Trustee 1.00 X 0 0 0 Jeffrey J Kingswood Trustee (part year) 1.00 X 0 0 0 Charles Oliveira Trustee 1.00 X 0 0 0 Michael Myers Trustee Alumni Representative 1.00 X 0 0 0 Camden Spiller Trustee 1.00 X 0 0 0 Jonathan Master President 40.00 X 76609 0 78158 76609 0 78158 0 0 1 0 0 5645 1731519 94704 1737164 Tuition and fees 611310 439435 439435 Campus bookstore 451211 36847 36847 Lodging Revenue 611310 32813 32813 Conference fees 611310 24443 24443 18715 18715 552253 1631 1631 4140 0 4140 4140 4140 104136 151686 94704 81000 9432 70686 80118 80118 5645 5645 8173 -2528 -2528 2372778 552253 0 83361 148193 148193 165704 132983 22869 9852 136415 109477 18827 8111 857241 687965 118308 50968 39322 31557 5427 2338 38254 30687 5289 2278 2500 2500 13200 13200 3257 3257 86907 77998 8909 88650 24974 4077 59599 63599 45954 17645 215652 197948 17704 33563 33563 95198 81837 13361 48241 38428 9813 81781 76449 5332 8440 8440 Bookstore COGS 37613 37613 Bad Debt Expense 3068 3068 2166798 1755626 264665 146507 343478 320373 229894 12887 907 29620 30125 3427697 1433779 2014080 1993918 283991 256229 2684056 2831446 24993 23110 26074 22733 51067 45843 X 2347998 2529374 284991 256229 2632989 2785603 2684056 2831446 205980 -53366 0 X 0 0 0 X 1064680 1427157 1354411 1388544 1737164 6971956 1064680 1427157 1354411 1388544 1737164 6971956 1455336 5516620 14955 17371 5771 38097 3117 3117 7013170 2379928 0.78660 0.78590 X Schedule A, Part II: The organization is a school as described under 170(b)(1)(A)(ii) and is not required to complete a public support schedule. Schedule A, Part II is completed to verify the School can qualify under public charity status section 170(b)(1)(A)(vi) and, therefore, qualifies to use the first listed special rule for Schedule B reporting. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 284295 17798 -45864 256229 171754 68710 43831 284295 152680 17892 1182 171754 15418 135609 1654 152680 11724 240 3454 15418 1.00000 0 0 108030 108030 3125393 1276881 1848512 161085 134687 26398 33189 22211 10978 1993918 Part V, Line 4: The endowment funds exist to foster the mission of GPTS through excellence in teaching, resarch and writing productivity, and service to Christ's church. The purpose of such appointments is to attract and retain teachers and scholars of the highest academic caliber and personal piety to Greenville Presbyterian Theological Seminary. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Schedule E, Part I, Line 3 The organization currently enrolls students of racial minority groups in meaningful numbers consistent with the publicity exception found in Rev. Proc. 75-50 section 4.03(2)(b). The organization has added the policy to their homepage. 1 Scholarships 45 148193 Part I, Line 2: No cash changes hands and funds are directly tied to student accounts. X 0 0 0 0 0 0 0 0 0 0 0 Jonathan Master President 76609 0 0 0 0 0 8295 0 69863 0 154767 0 0 0 Part I, Line 1a Pursuant to Internal Revenue Code Section 107, ministerial housing allowances are provided for qualifying ministerial employees. This is not included in taxable compensation. All officers met the qualifications for and received a ministerial housing allowance during the tax year. X 3 94704 Selling Price 0 0 1 0 Part I, Column (b): The number of contributions represent the number of contributions received, not the number of items donated. Form 990, Part VI, Section B, line 11b Form 990 is prepared by an independent CPA firm and reviewed in detail by the organization's Finance Committee. The reviewed Form 990 is then provided to the board of directors at the next board meeting which may occur after the filing deadline. Form 990, Part VI, Section B, line 12c Line 12: The organization requires all officers and board members to annually complete and sign a conflict of interest questionnaire. The president's administrative staff is responsible for reviewing the signed statements and ensuring that interested persons are in compliance with the conflict of interest policy. Should any potential conflicts of interest be disclosed, the board member or officer would be asked to refrain from participation in any deliberation or decision with regard to matters affected by the relationship. Form 990, Part VI, Section B, line 15 Line 15a: The President's compensation is set by the independent board members. This process is documented in the board minutes. Line 15b: The organization does not compensate any other officers or key employees. Therefore, this line was answered no in accordance with the instructions. Form 990, Part VI, Section C, line 19 The governing documents, conflict of interest policy and financial statements are available upon request. Form 990, Part VII, column D: Compensation reported in Part VII, column D is the amount reported on the individual's W-2, box 1 or 5 (whichever amount is greater) per the IRS instructions. In the case of minister's compensation when box 5 of the W-2 is not applicable, box 1 compensation is used. Employee deferrals to qualified retirement plans are normally captured in box 5, not box 1 of Form W-2. For reporting purposes we have included the minister's retirement plan deferrals in Part VII, column F.