2023-05-15T19:01:24-05:00 2022-06-30 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 300 TICE BOULEVARD SUITE 315 WOODCLIFF LAKE NJ 07677 990 2021-07-01 131624238 UNION THEOLOGICAL SEMINARY UNIO 2126627100 3041 BROADWAY NEW YORK NY 10027 REV DR SERENE JONES PRESIDENT 2126627100 2023-05-15 1 REV DR SERENE JONES 999009999 GARRETT M HIGGINS P00543209 2017129800 2023-05-15 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z REV DR SERENE JONES 3041 BROADWAY NEW YORK NY 10027 72273478 0 X WWW.UTSNYC.EDU X 1836 NY TO PROVIDE THEOLOGICAL EDUCATION. 25 24 226 28 0 0 12596698 11999739 10061840 11606657 12352408 3121811 334897 697327 35345843 27425534 3742356 4148661 0 0 10700317 16296874 0 0 81375 14405543 16589231 28848216 37034766 6497627 -9609232 239147562 207379121 49268747 55015821 189878815 152363300 X 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 29462470 4148661 11606657 PROVIDE GRADUATE EDUCATIONAL PROGRAMS TO MORE THAN 260 FULL-TIME AND PART-TIME STUDENTS 29462470 1 1 0 0 0 0 0 0 1 1 1 1 0 0 1 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 1 187 0 226 1 0 0 0 0 0 0 0 0 0 0 0 0 X 25 24 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 NY X X NINA WONG 2126627100 3041 BROADWAY NEW YORK NY 10027 THE REV DR SERENE JONES PRESIDENT 40.00 X X 335338 0 134363 WILLIAM CANDELARIA ESQ CHAIR 2.00 X X 0 0 0 CLIFFORD HUDSON CHAIR EFF 52022 /VICE CHAIR THRU MAY 2022 2.00 X X 0 0 0 RHONDA MCLEAN ESQ VICE-CHAIR 5/2022/TRUSTEE THRU MAY 2022 2.00 X X 0 0 0 BLAKE FRANKLIN ESQ TRUSTEE 2.00 X 0 0 0 CALVIN M MEW TRUSTEE 2.00 X 0 0 0 CYNTHIA A FIELDS TRUSTEE 2.00 X 0 0 0 DAVID KLASSEN TRUSTEE 2.00 X 0 0 0 DAVID M MCALPIN TRUSTEE 2.00 X 0 0 0 DR TIMOTHY LIGHT TRUSTEE 2.00 X 0 0 0 FAITH E GAY TRUSTEE 2.00 X 0 0 0 GEOFFREY BROWN TRUSTEE 2.00 X 0 0 0 JASON G WRIGHT TRUSTEE 2.00 X 0 0 0 MICHAEL J JOHNSTON TRUSTEE 2.00 X 0 0 0 MILLICENT FORTUNOFF TRUSTEE 2.00 X 0 0 0 REV CANON PETER KOON TRUSTEE 2.00 X 0 0 0 SISTER JOAN MAGNETTI TRUSTEE 2.00 X 0 0 0 CAROLINE LAGUERRE-BROWN TRUSTEE 2.00 X 0 0 0 OLGA HARTWELL TRUSTEE THRU MAY 2022 2.00 X 0 0 0 RUTH WOODEN TRUSTEE 2.00 X 0 0 0 THE REV AMY GOPP TRUSTEE 2.00 X 0 0 0 THE REV NANCY STEEGER JENNINGS TRUSTEE 2.00 X 0 0 0 THE REV STAN J SLOAN TRUSTEE 2.00 X 0 0 0 THE REV WINNIE VARGHESE TRUSTEE 2.00 X 0 0 0 THE REV MADISON SHOCKLEY TRUSTEE 2.00 X 0 0 0 BRENT DICKMAN CHIEF FINANCIAL OFFICER 40.00 X 245770 0 37123 FREDERICK DAVIE VICE PRESIDENT 40.00 X 183653 0 75589 JODY WEST SECRETARY 40.00 X 102577 0 25602 KELLY B DOUGLAS DEAN EDS@UTS 40.00 X 175007 0 102363 RITA L WALTERS VP FOR DEVELOPMENT 40.00 X 189650 0 43291 PAMELA COOPER-WHITE VP OF ACADEMIC AFFAIRS & DEVELOPMENT 40.00 X 127298 0 97970 SU YON PAK DIRECTOR OF FIELD BASED ED 40.00 X 130077 0 44616 CHARLENE VISCONTI STUDENT AFFAIRS 40.00 X 129413 0 29033 YULIA IVANOVA DIRECTOR OF FINANCE 40.00 X 111246 0 13015 1730029 0 602965 18 0 1 0 CONSIGLI CONSTRUCTION NY LLC 199 W RD 100 PLEASANT VALLEY NY 12569 CONSTRUCTION SERVICES 5474805 HARVARD MAINTENANCE PO BOX 95000-1112 PHILADELPHIA PA 10027 FACILITIES STAFFING 1620971 SELENDY & GAY PLLC 1290 AVENUE OF THE AMERICAS 20TH F NEW YORK NY 10104 LEGAL SERVICES 1457855 SKYLINE RESTORATION INC 49-28 31ST PL LONG ISLAND CITY NY 11101 CONSTRUCTION SERVICES 611683 LEHRER CUMMING 900 3RD AVE 6TH FLOOR NEW YORK NY 10022 CONSTRUCTION SERVICES 214500 5 185126 11814613 1320252 11999739 TUITION AND FEES 611710 6701832 6701832 RENTAL INCOME 532000 4861527 4861527 STUDENT LOAN INTEREST 611710 41398 41398 AUXILIARY ENTERPRISES SALES & SER 532000 1900 1900 11606657 2192313 2192313 45777442 44847944 929498 929498 929498 UNION DAYS INCOME 900099 533983 533983 EVENT REGISTRATION 900099 106215 106215 UTS MERCHANDISE 900099 54689 54689 2440 2440 697327 27425534 11606657 0 3819138 X 144652 144652 4004009 4004009 1174307 956973 213489 3845 11338909 9240373 2061412 37124 738943 562126 174560 2257 2422392 1974071 440390 7931 622323 507147 113138 2038 208620 138698 69922 164000 109033 54967 686090 686090 5664702 3539901 2110835 13966 106266 106266 2072777 1757924 310482 4371 625003 592904 32099 4441853 3707696 729268 4889 246536 134045 112314 177 686319 572883 112680 756 857516 698812 155896 2808 OTHER EXPENSES 361994 279271 81895 828 LIBRARY COST 252730 252730 HOSPITALITY & TRAVEL 214825 182956 31484 385 37034766 29462470 7490921 81375 700 700 5099796 7811623 326723 184247 2565484 183949 2532461 1932965 122247597 38639606 84201946 83607991 87515461 80727071 54611071 30770335 1069753 936073 1224167 1224167 239147562 207379121 4662557 3693538 31335 101603 96497 148597 17824208 25000000 26654150 26072083 49268747 55015821 X 101218425 79731459 88660390 72631841 189878815 152363300 239147562 207379121 X -9609232 -28084964 178681 X X 0 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 126737692 1203977 -24831626 5974217 97135826 104971827 239083 28722756 5623233 1572741 126737692 109723709 207936 1461683 5811501 610000 104971827 110389796 328266 5239142 5620489 613006 109723709 107941003 776503 8057606 5295801 1089515 110389796 0.38066 0.56403 0.05532 0 0 1346074 1346074 37016758 33795519 3221239 4344787 4255341 89446 79539978 588746 78951232 83607991 ASSETS HELD IN CHARITABLE REMAINDER TRUSTS 2223285 F BENEFICIAL INTEREST IN CHARITABLE REMAINDER TRUST 228886 F ALTERNATIVE INVESTMENTS 11304388 F COMMINGLED TRUST FUND 17543383 F PRIVATE PARTNERSHIP INVESTMENTS -529607 F 30770335 POSTRETIREMENT BENEFITS LIABILITIES 2280854 GIFT ANNUITY PAYABLE 753317 REFUNDABLE ADVANCES - US GOVERNMENT GRANTS 540747 DEFERRED GAIN ON SALE-LEASEBACK TRANSACTION 22497165 26072083 PART IV, LINE 2B: THE SEMINARY HOLDS SECURITY DEPOSITS FOR STUDENTS LIVING IN HOUSING RESIDENCES. WHEN THEY VACATE, IT WILL BE RETURNED TO THE STUDENTS. PART V, LINE 4: TO PROVIDE LONG TERM SUPPORT FOR THE ORGANIZATION'S PROGRAM SERVICES. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL PUBLICIZES ITS RACIALLY NONDISCRIMINATORY STATEMENT, IN ALL HANDBOOKS AND LITERATURE DISTRIBUTED, AND ON ALL GENERAL NEWSPAPER ADVERTISEMENT. THE ADMISSIONS BROCHURE DISCLOSES THAT IT SERVES STUDENTS OF SIGNIFICANT FINANCIAL NEED AND DIVERSE CULTURES. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES FINANCIAL AID FROM VARIOUS GOVERNMENTAL SOURCES INCLUDING CARES ACT EMERGENCY FINANCIAL AID GRANTS AND A PAYCHECK PROTECTION PROGRAM LOAN. 1 GRANTS, SCHOLARSHIPS AND FELLOWSHIPS FOR TUITION 237 4004009 0 PART I, LINE 2: THE FINANCIAL AID OFFICE MAINTAINS THE RECORDS RELATED TO THE GRANTS APPLICATION. THE PROCEDURE IS AS FOLLOWS: THE STUDENTS APPLY ANNUALLY 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 DIRECTLY TO EACH STUDENT'S BILL FOR TUITION, FEES, ROOM, BOARD AND OTHER CHARGES. X 1 1 X X X 0 0 0 0 0 0 0 0 0 THE REV DR SERENE JONES PRESIDENT 292478 0 0 0 42860 0 43084 0 91279 0 469701 0 0 0 BRENT DICKMAN CHIEF FINANCIAL OFFICER 241770 0 0 0 4000 0 30255 0 6868 0 282893 0 0 0 KELLY B DOUGLAS DEAN EDS@UTS 163107 0 0 0 11900 0 22987 0 79376 0 277370 0 0 0 FREDERICK DAVIE VICE PRESIDENT 157653 0 0 0 26000 0 24850 0 50739 0 259242 0 0 0 RITA L WALTERS VP FOR DEVELOPMENT 184850 0 0 0 4800 0 24250 0 19041 0 232941 0 0 0 PAMELA COOPER-WHITE VP OF ACADEMIC AFFAIRS & DEVELOPMENT 101298 0 0 0 26000 0 17113 0 80857 0 225268 0 0 0 SU YON PAK DIRECTOR OF FIELD BASED ED 130077 0 0 0 0 0 16333 0 28283 0 174693 0 0 0 CHARLENE VISCONTI STUDENT AFFAIRS 103913 0 0 0 25500 0 15763 0 13270 0 158446 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. THE FOLLOWING PERSONS RECEIVED HOUSING BENEFITS EITHER REPORTED IN SCHEDULE J PART I COLOUMN B III OR COLUMN D: REV. DR. SERENE JONES - $62,637 KELLY B DOUGLAS - $62,637 PAMELA COOPER-WHITE - $62,637 FREDERICK DAVIE - $68,000 X 8 1320252 AVG. SELLING PRICE 0 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS IN SCHEDULE M, PART I, COLUMN B. FORM 990, PART VI, SECTION B, LINE 11B 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, IT IS REVIEWED AND APPROVED BY THE AUDIT COMMITTEE. THE GOVERNING BODY HAS DELEGATED ITS OVERSIGHT ROLE TO THE AUDIT COMMITTEE. ANY COMMENTS MADE BY THE AUDIT COMMITTEE ARE PRESENTED TO MANAGEMENT. EACH ISSUE IS DOCUMENTED AND ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING. A COPY OF THE FINAL APPROVED VERSION IS ELECTRONICALLY SENT TO THE ENTIRE BOARD AFTER 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, OFFICERS, AND EMPLOYEES ANNUALLY REVIEW AND SIGN THE CONFLICT OF INTEREST DISCLOSURE FORM. THE COI POLICY ALSO REQUIRES THAT AFTER DISCLOSURE, ANY SUCH CONFLICT OF INTEREST MUST BE APPROVED BY THE EMPLOYEE'S DIRECT SUPERVISOR, AND ABSENT THIS APPROVAL, THE CONFLICT MUST BE RESOLVED. AFTER A CONFLICT IS REPORTED TO AN EMPLOYEE'S SUPERVISOR AND ACTED UPON, IT MUST BE REPORTED TO THE VICE PRESIDENT FOR FINANCE AND OPERATIONS. IF AN OFFICER OR A TRUSTEE HAD A CONFLICT OF INTEREST, THEY WOULD BE EXCUSED FROM PARTICIPATING IN THE VOTE. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE PRESIDENT AND KEY ADMINISTRATORS AT UNION THEOLOGICAL SEMINARY ARE DETERMINED BY UNION'S PERSONNEL COMMITTEE OF THE BOARD OF TRUSTEES, AFTER REVIEWING GUIDELINES AND COMPARABLE DATA IN THE UTS HUMAN RESOURCES OFFICE. COMPARABLE DATA INCLUDES DATA FROM THE ASSOCIATION OF THEOLOGICAL SCHOOLS AND SURVEY OF NEIGHBORING SCHOOLS. THE DETERMINATIONS AND RESULTS OF THE COMPENSATION PROCESS ARE RECORDED ON THE MINUTES OF THE BOARD MEETINGS. THIS PROCESS WAS LAST UNDERTAKEN IN FY18. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FORM 990 AND THE AUDITED FINANCIAL STATEMENT IS MADE AVAILABLE FOR THE PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. IT IS POSTED ON NEW YORK STATE ATTORNEY GENERAL WEBSITE, GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST AT 3041 BROADWAY, NEW YORK, NY 10027 OR BY CALLING THE ORGANIZATION DIRECTLY AT (212)-662-7100. FORM 990, PART IX, LINE 11G OTHER CONSULTANT/SERVICE FEES: PROGRAM SERVICE EXPENSES 3,539,901. MANAGEMENT AND GENERAL EXPENSES 2,110,835. FUNDRAISING EXPENSES 13,966. TOTAL EXPENSES 5,664,702. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -85,949. POSTRETIREMENT BENEFIT LIABILITY ADJUSTMENT 264,630. FORM 990, PART XII, 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.