2022-10-31T19:15:15-05:00 2022-06-30 450250958 EIDE BAILLY LLP 2355 E CAMELBACK RD STE 900 PHOENIX AZ 850169065 990 2021-07-01 860711495 PHOENIX SEMINARY INC PHOE 6028508000 7901 EAST SHEA BLVD SCOTTSDALE AZ 85260 DANIEL SCHMALTZ TREASURER 6028508000 2022-10-26 1 DANIEL SCHMALTZ 999009999 BRENDA ANN BLUNT CPA P00075126 4803151040 2022-10-24 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z BRIAN ARNOLD 7901 EAST SHEA BLVD SCOTTSDALE AZ 85260 7180332 0 X WWW.PHOENIXSEMINARY.EDU X 1994 AZ PHOENIX SEMINARY'S MISSION IS TO TRAIN MEN AND WOMEN FOR CHRIST-CENTERED MINISTRY FOR THE BUILDING OF HEALTHY CHURCHES IN PHOENIX AND THE WORLD. 7 7 81 13 0 0 8708731 5432604 1357644 1561529 5851 1884 2528 -11154 10074754 6984863 2420132 1832135 0 0 3072102 3576619 0 132000 1185490 1580379 1659526 7072613 7200280 3002141 -215417 3638170 3442651 399982 419880 3238188 3022771 X PHOENIX SEMINARY'S MISSION IS TO TRAIN MEN AND WOMEN FOR CHRIST-CENTERED MINISTRY FOR THE BUILDING OF HEALTHY CHURCHES IN PHOENIX AND THE WORLD. 0 0 5128027 1832135 1562158 PHOENIX SEMINARY IS A PROTESTANT, EVANGELICAL SEMINARY THAT EXISTS TO TRAIN MEN AND WOMEN FOR CHRIST-CENTERED MINISTRY FOR THE BUILDING UP OF HEALTHY CHURCHES IN PHOENIX AND THE WORLD. WE EQUIP STUDENTS WITH THE NECESSARY TOOLS TO CARRY OUT THEIR GOD-GIVEN CALLING IN THE TRADITIONAL DISCIPLINES OF SEMINARY EDUCATION. FROM OUR CAMPUS IN THE PHOENIX METRO AREA, NATIONALLY RECOGNIZED, GRADUATE-LEVEL SEMINARY IN PHOENIX, ARIZONA, WE PROVIDE OUR STUDENTS WITH A WIDE AND DIVERSE RANGE OF OPPORTUNITIES TO GAIN PRACTICAL MINISTRY EXPERIENCE. IN FY22 WE HAD 401 STUDENTS ENROLLED AND 47 STUDENTS WHO GRADUATED. SINCE OPENING, WE HAVE TRAINED OVER 2,000 STUDENTS, REPRESENTING MORE THAN 25 EVANGELICAL DENOMINATIONS IN 47 STATES AND 12 COUNTRIES. (CONT'D ON SCH O)PHOENIX SEMINARY IS PROFESSIONALLY ACCREDITED BY THE ASSOCIATION OF THEOLOGICAL SCHOOLS IN THE UNITED STATES AND CANADA AND IS REGIONALLY ACCREDITED BY THE HIGHER LEARNING COMMISSION. THE MASTER OF ARTS IN COUNSELING IS LICENSED BY THE ARIZONA STATE BOARD FOR PRIVATE POST-SECONDARY EDUCATION. 5128027 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 1 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 17 0 1 81 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X DEBORAH ARNITZ 6028508000 7901 E SHEA BLVD SCOTTSDALE AZ 85260 RON OGAN CHAIRPERSON 1.00 X X 0 0 0 DAVID DICKERSON SECRETARY 1.00 X X 0 0 0 DANIEL SCHMALTZ TREASURER 1.00 X X 0 0 0 JUDY HUBER DIRECTOR 1.00 X 0 0 0 WARREN STEWART SR DIRECTOR 1.00 X 0 0 0 KEN BECKEMEYER DIRECTOR 1.00 X 0 0 0 BRENT GARRISON DIRECTOR 1.00 X 0 0 0 BRIAN ARNOLD PRESIDENT 40.00 X 135749 0 32521 JOHN MICHAEL THIGPEN PROVOST/EXECUTIVE VP 40.00 X 78712 0 76318 DEBORAH ARNITZ DIRECTOR OF FINANCE 40.00 X 81403 0 25433 DARRYL DELHOUSAYE CHANCELLOR 40.00 X 106787 0 115429 JUSTIN SMITH PROFESSOR 40.00 X 104440 0 38602 507091 0 288303 4 0 1 0 AMERICAN PHILANTHROPIC 119 N HIGH STREET WEST CHESTER PA 19380 FUNDRAISING COUNSEL 145057 CLOUD-IT 920 E MADISON ST STE 120 PHOENIX AZ 85034 TECHNOLOGY SERVICES 114312 2 52765 66591 5313248 162641 5432604 TUITION AND FEES 611600 1561529 1561529 1561529 2006 2006 156524 156646 -122 -122 -122 19957 52765 37058 -17101 -17101 2394 1765 629 629 OTHER INCOME 611600 3123 3123 REFUNDS 900099 2195 2195 5318 6984863 1562158 0 -9899 1300000 1300000 532135 532135 446849 79552 277003 90294 2517807 1875169 142063 500575 70739 57961 5455 7323 66303 29034 37269 474921 366206 26596 82119 4552 4552 28650 28650 132000 132000 104763 70131 31538 3094 94720 89086 2695 2939 115883 37767 16026 62090 340397 156768 161188 22441 248559 208961 20742 18856 45680 27958 17722 8815 6432 1132 1251 1682 1682 184535 138193 28849 17493 20710 20710 EVENTS 188098 11278 176820 BOOKS AND OTHER MATERIA 67799 65333 700 1766 PERMITS AND FEES 49769 5660 44109 MISCELLANEOUS 37704 7562 18632 11510 117210 62841 17172 37197 7200280 5128027 886763 1185490 586767 485755 2037298 1970655 67208 101757 895 39875 57528 2357663 1543734 885283 813929 21739 12132 3638170 3442651 284985 316424 89453 87918 25544 15538 399982 419880 X 1915371 1499813 1322817 1522958 3238188 3022771 3638170 3442651 -215417 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 613888 193002 420886 1096736 794486 302250 647039 556246 90793 813929 LEASE LIABILITY 15538 15538 X PART X, LINE 2: MANAGEMENT BELIEVES THAT EACH ENTITY HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 6 PHOENIX SEMINARY PARTICIPATES IN THE WILLIAM D. FORD DIRECT LOAN PROGRAM. LOANS ARE SERVICED BY DESIGNATED FEDERAL LOAN SERVICERS AND MUST BE REPAID. FEDERAL DIRECT UNSUBSIDIZED LOANS ARE AVAILABLE TO QUALIFIED STUDENTS. X X X X X X 1 AMERICAN PHILANTHROPIC 119 N HIGH STREET WEST CHESTER PA 19380 CONSULTING 0 2174567 132000 2042567 2174567 132000 2042567 AL AR AZ DE GA HI IA ID IN LA MO MT NC NE NY OK PA RI SD TN TX VT WI WOMEN OF MOMENTUM CHRISTMAS LUNCH 50205 35525 14680 2181 15342 8111 WOMEN OF MOMENTUM GOOD FRIDAY BRKFT 22517 17240 5277 4988 6436 72722 52765 19957 7169 15342 14547 37058 -17101 1 BIBLE EDUCATION LEGACY FUND 7901 E SHEA BLVD SCOTTSDALE AZ 85260 208667680 501(C)(3) 1300000 0 OPERATING FUNDS 1 0 SEMINARY SCHOLARSHIPS 134 532135 PART I, LINE 2: SCHOLARSHIPS ARE AWARDED BY THE SCHOLARSHIP COMMITTEE, TO STUDENTS MEETING THE SCHOLARSHIP CRITERIA. THE BURSAR POSTS THE SCHOLARSHIPS TO STUDENT ACCOUNTS AND PROVIDES BILLING STATEMENTS TO THE STUDENTS. STUDENT SERVICES ADVISORS MONITOR STUDENT'S ELIGIBILITY WITH RECORDS PROVIDED BY THE REGISTRAR'S OFFICE. STUDENT ACCOUNT ACTIVITY IS POSTED TO THE GENERAL LEDGER. THE COMPTROLLER MONITORS THE NET ASSET ACCOUNT BALANCE. X 1 1 X 0 0 0 0 0 0 0 0 0 DARRYL DELHOUSAYE CHANCELLOR 106787 0 0 0 0 0 25992 0 89437 0 222216 0 0 0 BRIAN ARNOLD PRESIDENT 135749 0 0 0 0 0 8050 0 24963 0 168762 0 0 0 JOHN MICHAEL THIGPEN PROVOST/EXECUTIVE VP 78712 0 0 0 0 0 9801 0 67009 0 155522 0 0 0 PART I, LINE 1A PHOENIX SEMINARY BOARD APPROVES ANNUAL HOUSING ALLOWANCE DESIGNATIONS FOR PROFESSORS WHO ARE ORDAINED MINISTERS. X 5 502 FAIR MARKET VALUE X 4854 FAIR MARKET VALUE X 11 156646 FAIR MARKET VALUE X AWARDS 6 639 COST 0 1 0 PART I, COLUMN (B): THE NUMBER REPORTED IN COLUMN (B) IS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 1A THE ORGANIZATION HAS AN EXECUTIVE COMMITTEE CONSISTING OF THE BOARD CHAIRPERSON, TREASURER AND SECRETARY, AS VOTING MEMBERS. THE PRESIDENT, DIRECTOR OF ENROLLMENT, COMPTROLLER AND EXECUTIVE VICE PRESIDENT/PROVOST ARE NON-VOTING MEMBERS. THE EXECUTIVE COMMITTEE HAS THE POWER AND AUTHORITY OF THE BOARD IN THE MANAGEMENT OF THE BUSINESS AFFAIRS OF THE PHOENIX SEMINARY, EXCEPT IT DOES NOT HAVE THE POWER TO ADOPT, AMEND, OR REPEAL THE BY-LAWS. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE BOARD OF DIRECTORS ARE ALSO THE MEMBERS OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE COMMITTEE REVIEWS THE FORM 990 BEFORE IT IS GIVEN TO THE BOARD OF DIRECTORS, (WITH THE NAMES AND ADDRESSES OF DONORS REDACTED), WITH THEIR RECOMMENDATIONS. THE BOARD OF DIRECTORS RATIFIES THE EXECUTIVE MANAGEMENT RECOMMENDATIONS AT THEIR BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND ALL EMPLOYEES ARE COVERED. THE BOARD OF DIRECTORS COMPLETE A CONFLICT-OF-INTEREST FORM ANNUALLY AND THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE CONFLICT-OF-INTEREST FORMS FOR POSSIBLE CONFLICTS OF INTEREST. THE PERSON WHO MAY HAVE A CONFLICT OF INTEREST MAY PARTICIPATE IN THE DISCUSSION OF WHETHER A CONFLICT OF INTEREST EXISTS BUT SHALL EXCUSE HIMSELF OR HERSELF FROM ANY VOTE RELATED TO THE EXISTENCE OR NONEXISTENCE OF THE CONFLICT OF INTEREST. EMPLOYEE COVERAGE AND MONITORING IS CONDUCTED BY THE DEPARTMENT OF HUMAN RESOURCES. FORM 990, PART VI, SECTION B, LINE 15 TO ENSURE FAIRNESS IN PAY, A COMPENSATION STUDY WAS PERFORMED IN EARLY 2021 BY THE OFFICE OF HUMAN RESOURCES TO ENSURE THAT EMPLOYEES ARE BEING PAID FAIRLY AND WITHIN RANGE FOR THEIR JOB DESCRIPTION AND EXPERIENCE. BENCHMARKING SALARY RANGES WERE CONDUCTED USING MARKET DATA RESOURCES PROVIDED BY CUPA-HR AND ATS. THE CUPA-HR DATA ON DEMAND PROGRAM COMPARED PHOENIX SEMINARY TO ALL PARTICIPATING INSTITUTIONS PLUS A SECOND SELECTION OF JUST 37 SIMILAR SIZE INSTITUTIONS. THE ATS COMPARISONS WERE MADE WITH ALL RESPONDING ACCREDITED INSTITUTIONS IN THE UNITED STATES PLUS A COMPARISON BASED ON FULL-TIME EQUIVALENT ENROLLMENT. THE RESULTS WERE REVIEWED BY THE PRESIDENT, PROVOST/EVP AND BOARD MEMBERS OF THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. BIBLE EDUCATION LEGACY FUND 7901 E SHEA BLVD SCOTTSDALE AZ 85260 208667680 SUPPORTING ORGANIZATION FOR PHOENIX SEMINARY, INC. AZ 501(C)(3) LINE 12A, I PHOENIX SEMINARY INC 1 0 1 1 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 BIBLE EDUCATION LEGACY FUND B 1300000 CASH BIBLE EDUCATION LEGACY FUND K 60000 CASH BIBLE EDUCATION LEGACY FUND C 66591 CASH