WESLEY BIBLICAL SEMINARY: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
WESLEY BIBLICAL SEMINARY (EIN 64-0579585)
Tax period
2021-07-01 to 2022-06-30
Filed
2022-12-19
IRS object ID
202243539349300519
Schema version
2021v4.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2022-12-19T17:05:20-05:00ReturnTs
Tax Period End2022-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN205630688PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1TANN BROWN & RUSS CO PLLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11501 LAKELAND DRIVE SUITE 300AddressLine1Txt
CityJACKSONCityNm
State AbbreviationMSStateAbbreviationCd
ZIP392164841ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2021-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN640579585EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1WESLEY BIBLICAL SEMINARYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlWESLBusinessNameControlTxt
Phone6013668880PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1P O BOX 600AddressLine1Txt
CityRIDGELANDCityNm
State AbbreviationMSStateAbbreviationCd
ZIP39158ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDR MATT AYARSPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone6013668880PhoneNum
Signature2022-12-16SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstMATTPersonFirstNm
Person LastAYARSPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSCOTT A HODGESPreparerPersonNm
PTINP00641691PTIN
Phone6013544926PhoneNum
Preparation2022-12-16PreparationDt
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerDR MATT AYARSPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 600AddressLine1Txt
CityRIDGELANDCityNm
State AbbreviationMSStateAbbreviationCd
ZIP39158ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$5,246,936GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.WBS.EDUWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1975FormationYr
Legal Domicile StateMSLegalDomicileStateCd
Activity Or MissionWESLEY BIBLICAL SEMINARY IS A MULTI-DENOMINATIONAL SCHOOL OF THEOLOGY THAT PROVIDES UNDERGRADUATE, GRADUATE AND DOCTORATE LEVEL EDUCATION FOR INDIVIDUALS WHO ARE PREPARING FOR CHRISTIAN SERVICE.ActivityOrMissionDesc
Voting Members Governing Body19VotingMembersGoverningBodyCnt
Voting Members Independent19VotingMembersIndependentCnt
Total Employee26TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$1,537,876PYContributionsGrantsAmt
CY Contributions Grants$1,226,488CYContributionsGrantsAmt
PY Program Service Revenue$1,416,138PYProgramServiceRevenueAmt
CY Program Service Revenue$2,074,456CYProgramServiceRevenueAmt
PY Investment Income$4,496PYInvestmentIncomeAmt
CY Investment Income$65,333CYInvestmentIncomeAmt
PY Other Revenue$29,337PYOtherRevenueAmt
CY Other Revenue$5,500CYOtherRevenueAmt
PY Total Revenue$2,987,847PYTotalRevenueAmt
CY Total Revenue$3,371,777CYTotalRevenueAmt
PY Grants And Similar Paid$1,092,990PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$1,271,550CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$1,101,352PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,322,298CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$172,816CYTotalFundraisingExpenseAmt
PY Other Expenses$501,605PYOtherExpensesAmt
CY Other Expenses$557,239CYOtherExpensesAmt
PY Total Expenses$2,695,947PYTotalExpensesAmt
CY Total Expenses$3,151,087CYTotalExpensesAmt
PY Revenues Less Expenses$291,900PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$220,690CYRevenuesLessExpensesAmt
Total Assets BOY$5,196,784TotalAssetsBOYAmt
Total Assets EOY$4,673,003TotalAssetsEOYAmt
Total Liabilities BOY$465,982TotalLiabilitiesBOYAmt
Total Liabilities EOY$102,719TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$4,730,802NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$4,570,284NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionWESLEY BIBLICAL SEMINARY IS A MULTI-DENOMINATIONAL SCHOOL OF THEOLOGY THAT PROVIDES UNDERGRADUATE, GRADUATE AND DOCTORATE LEVEL EDUCATION FOR INDIVIDUALS WHO ARE PREPARING FOR CHRISTIAN SERVICE.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$1,955,039ExpenseAmt
Grant$1,271,550GrantAmt
Revenue$2,067,562RevenueAmt
DescUNDERGRADUATE, GRADUATE AND DOCTORATE LEVEL EDUCATION PROVIDED FOR INDIVIDUALS WHO ARE PREPARING FOR CHRISTIAN SERVICE.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$261,158ExpenseAmt
DescSTUDENT SERVICES CONSISTING OF ADMISSIONS, REGISTRAR ACTIVITIES, AND ACTIVITIES WHOSE PRIMARY PURPOSE IS TO CONTRIBUTE TO STUDENTS' WELL-BEING AND DEVELOPMENT OUTSIDE THE CONTEXT OF THE FORMAL INSTRUCTIONAL PROGRAM.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Revenue$6,894RevenueAmt
DescAUXILIARY ENTERPRISES CONSIST OF STUDENT HOUSING AND OTHER ESSENTIALLY SELF-SUPPORTING OPERATIONS THAT EXIST TO PROVIDE SERVICES TO STUDENTS, FACULTY OR STAFF, AND THAT CHARGE A FEE THAT IS RELATED TO THE COST OF THE SERVICE.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
DescAUXILIARY ENTERPRISES CONSIST OF STUDENT HOUSING AND OTHER ESSENTIALLY SELF-SUPPORTING OPERATIONS THAT EXIST TO PROVIDE SERVICES TO STUDENTS, FACULTY OR STAFF, AND THAT CHARGE A FEE THAT IS RELATED TO THE COST OF THE SERVICE.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$2,216,197TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (true)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingYes (true)SchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsYes (true)GrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (true)DeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document25IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee26EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members19GoverningBodyVotingMembersCnt
Independent Voting Member19IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyfalseForm990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonETHAN KELLYPersonNm
Phone6013668880PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11880 E COUNTY LINE ROADAddressLine1Txt
CityRIDGELANDCityNm
State AbbreviationMSStateAbbreviationCd
ZIP39157ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (20 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorInd
DR MATT AYARS
PRESIDENT40.00Yes (X)$121,875$0$20,208
J DAVID CHANDLER JR
CHAIRMAN1.00Yes (X)$0$0$0Yes (X)
JAMES RENFROE
VICE CHAIRMA1.00Yes (X)$0$0$0Yes (X)
BOB MCELROY
TREASURER1.00Yes (X)$0$0$0Yes (X)
MORGAN ROBERTS
SECRETARY1.00Yes (X)$0$0$0Yes (X)
SCOTT KING
BD OF TRUSTE1.00$0$0$0Yes (X)
TIM BARBER
BD OF TRUSTE1.00$0$0$0Yes (X)
JAMES HOWARD
BD OF TRUSTE1.00$0$0$0Yes (X)
BUDDY SMITH
BD OF TRUSTE1.00$0$0$0Yes (X)
SUSIE BRABEC
BD OF TRUSTE1.00$0$0$0Yes (X)
ROBERT STEVENSON
BD OF TRUSTE1.00$0$0$0Yes (X)
JOSEPH CAMPBELL
BD OF TRUSTE1.00$0$0$0Yes (X)
MELISSA CLAYTON
BD OF TRUSTE1.00$0$0$0Yes (X)
MELVIN PACE
BD OF TRUSTE1.00$0$0$0Yes (X)
HAMP DYE
BD OF TRUSTE1.00$0$0$0Yes (X)
STUART KELLOGG
BD OF TRUSTE1.00$0$0$0Yes (X)
MARSHALL DAIGRE
BD OF TRUSTE1.00$0$0$0Yes (X)
STEVE RATCLIFF
BD OF TRUSTE1.00$0$0$0Yes (X)
DR JOHN OSWALT
BD OF TRUSTE1.00$0$0$0Yes (X)
PATTY CHRISTIE
BD OF TRUSTE1.00$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$121,875TotalReportableCompFromOrgAmt
Total Other Compensation$20,208TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
All Other Contributions$1,226,488AllOtherContributionsAmt
Noncash Contributions$119,203NoncashContributionsAmt
Total Contributions$1,226,488TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
TUITION AND FEES611600$2,067,562$2,067,562
STUDENT HOUSING/AUXILIARY611710$6,894$6,894
FieldValueIRS element (for citing)
Total Program Service Revenue$2,074,456TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$67,547TotalRevenueColumnAmt
Exclusion$67,547ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$5,500RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$5,500RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$5,500TotalRevenueColumnAmt
Exclusion$5,500ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$1,496,945SecuritiesAmt
Other$376,000OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$1,562,786SecuritiesAmt
Other$312,373OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities-$65,841SecuritiesAmt
Other$63,627OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$2,214TotalRevenueColumnAmt
Exclusion-$2,214ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,371,777TotalRevenueColumnAmt
Related Or Exempt Func Income$2,074,456RelatedOrExemptFuncIncomeAmt
Exclusion$70,833ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$1,271,550TotalAmt
Program Services$1,271,550ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$150,537TotalAmt
Management And General$150,537ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,092,891TotalAmt
Program Services$770,461ProgramServicesAmt
Management And General$261,878ManagementAndGeneralAmt
Fundraising$60,552FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$30,082TotalAmt
Program Services$19,850ProgramServicesAmt
Management And General$8,663ManagementAndGeneralAmt
Fundraising$1,569FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$4,091TotalAmt
Program Services$1,185ProgramServicesAmt
Management And General$2,812ManagementAndGeneralAmt
Fundraising$94FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$44,697TotalAmt
Program Services$22,303ProgramServicesAmt
Management And General$20,279ManagementAndGeneralAmt
Fundraising$2,115FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$27,477TotalAmt
Management And General$27,477ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$107,281TotalAmt
Program Services$58,956ProgramServicesAmt
Management And General$22,318ManagementAndGeneralAmt
Fundraising$26,007FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$16,809TotalAmt
Program Services$9,604ProgramServicesAmt
Fundraising$7,205FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$67,593TotalAmt
Program Services$3,898ProgramServicesAmt
Management And General$28,001ManagementAndGeneralAmt
Fundraising$35,694FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$58,021TotalAmt
Management And General$58,021ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$29,231TotalAmt
Program Services$7,308ProgramServicesAmt
Management And General$17,538ManagementAndGeneralAmt
Fundraising$4,385FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$33,915TotalAmt
Program Services$3,851ProgramServicesAmt
Management And General$16,199ManagementAndGeneralAmt
Fundraising$13,865FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$24,264TotalAmt
Program Services$9,641ProgramServicesAmt
Management And General$3,852ManagementAndGeneralAmt
Fundraising$10,771FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$59,809TotalAmt
Program Services$14,952ProgramServicesAmt
Management And General$35,886ManagementAndGeneralAmt
Fundraising$8,971FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$25,301TotalAmt
Program Services$2,949ProgramServicesAmt
Management And General$20,764ManagementAndGeneralAmt
Fundraising$1,588FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtManagement And GeneralManagementAndGeneralAmtProgram ServicesProgramServicesAmt
LIBRARY MATERIALS$27,291$27,291
BUILDING REPAIR/MAINT$22,555$22,555
GRADUATION EXPENSES$19,689$19,689
DUES$16,492$16,492

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$21,511TotalAmt
Management And General$21,511ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$3,151,087TotalAmt
Program Services$2,216,197ProgramServicesAmt
Management And General$762,074ManagementAndGeneralAmt
Fundraising$172,816FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$456,220BOYAmt
EOY$273,717EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$538,785BOYAmt
EOY$1,423,045EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$79,976BOYAmt
EOY$122,822EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$15,000BOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$10,732BOYAmt
EOY$11,201EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$1,223,303LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$381,938LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$1,188,770BOYAmt
EOY$841,365EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$2,904,782BOYAmt
EOY$1,998,334EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$2,519BOYAmt
EOY$2,519EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$5,196,784BOYAmt
EOY$4,673,003EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$50,473BOYAmt
EOY$41,848EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$355,358BOYAmt
EOY$57,308EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$60,151BOYAmt
EOY$3,563EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$465,982BOYAmt
EOY$102,719EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,686,071BOYAmt
EOY$1,845,209EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$3,044,731BOYAmt
EOY$2,725,075EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$4,730,802BOYAmt
EOY$4,570,284EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$5,196,784BOYAmt
EOY$4,673,003EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$220,690ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$381,208NetUnrlzdGainsLossesInvstAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,928,940BeginningYearBalanceAmt
Contributions$433,330ContributionsAmt
Investment Earnings Or Losses-$376,473InvestmentEarningsOrLossesAmt
Grants Or Scholarships-$35,889GrantsOrScholarshipsAmt
End Year Balance$2,949,908EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,602,149BeginningYearBalanceAmt
Contributions$35,835ContributionsAmt
Investment Earnings Or Losses$364,798InvestmentEarningsOrLossesAmt
Grants Or Scholarships-$13,842GrantsOrScholarshipsAmt
Other Expenditures-$60,000OtherExpendituresAmt
End Year Balance$2,928,940EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,527,075BeginningYearBalanceAmt
Contributions$208,996ContributionsAmt
Investment Earnings Or Losses-$91,945InvestmentEarningsOrLossesAmt
Grants Or Scholarships-$34,815GrantsOrScholarshipsAmt
Other Expenditures-$7,162OtherExpendituresAmt
End Year Balance$2,602,149EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,459,285BeginningYearBalanceAmt
Contributions$1,014,836ContributionsAmt
Investment Earnings Or Losses$79,334InvestmentEarningsOrLossesAmt
Grants Or Scholarships-$26,380GrantsOrScholarshipsAmt
End Year Balance$2,527,075EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$3,188,134BeginningYearBalanceAmt
Contributions$28,907ContributionsAmt
Investment Earnings Or Losses$26,862InvestmentEarningsOrLossesAmt
Grants Or Scholarships-$21,450GrantsOrScholarshipsAmt
Other Expenditures-$1,763,168OtherExpendituresAmt
End Year Balance$1,459,285EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.11170BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.88830PrmnntEndowmentBalanceEOYPct
Endowments Held Unrelated OrgfalseEndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgfalseEndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$388,000OtherCostOrOtherBasisAmt
Book Value$388,000BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$340,374OtherCostOrOtherBasisAmt
Depreciation$38,995DepreciationAmt
Book Value$301,379BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$278,259OtherCostOrOtherBasisAmt
Depreciation$126,273DepreciationAmt
Book Value$151,986BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$216,670OtherCostOrOtherBasisAmt
Depreciation$216,670DepreciationAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$841,365TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescANNUITY OBLIGATIONSDesc
Amt$3,563Amt
FieldValueIRS element (for citing)
Total Liability$3,563TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt$1,719,019TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$381,208NetUnrealizedGainsInvstAmt
Revenue Not Reported-$381,208RevenueNotReportedAmt
Revenue Subtotal$2,100,227RevenueSubtotalAmt
Other Revenues Not Included$1,271,550OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$1,271,550RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$3,371,777TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$1,879,537TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal$1,879,537ExpensesSubtotalAmt
Other Expenses Not Included$1,271,550OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$1,271,550ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$3,151,087TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE D, PAGE 2, PART V, LINE 4ENDOWMENT FUNDS ARE INTENDED PRIMARILY TO PROVIDE INCOME FOR USE AS STUDENT FINANCIAL AID, AN ENDOWED FACULTY CHAIR, AND A LECTURE SERIES.
SCHEDULE D, PAGE 4, PART XI, LINE 4BSCHOLARSHIPS APPLIED TO TUITION 1,271,550
SCHEDULE D, PAGE 4, PART XII, LINE 4BSCHOLARSHIPS APPLIED TO TUITION 1,271,550

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (true)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (true)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (true)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (true)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (true)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (true)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (true)MaintainCpyOfAllSolInd
Discriminate Race Stdnts RghtsfalseDiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss PlcyfalseDiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm FcultyfalseDiscriminateRaceEmplmFcultyInd
Discriminate Race SchsfalseDiscriminateRaceSchsInd
Discriminate Race Educ PlcyfalseDiscriminateRaceEducPlcyInd
Discriminate Race Use Of FcltsfalseDiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt ProgfalseDiscriminateRaceAthltProgInd
Discriminate Race Other ActyfalseDiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (true)GovernmentFinancialAidRcvdInd
Government Financial Aid RvkdfalseGovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (true)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, LINE 3PUBLICIZED IN ITS ACADEMIC CATALOG, AT LEAST ANNUALLY IN A NEWSPAPER, AND THROUGH VARIOUS OTHER METHODS.
SCHEDULE E, LINE 6THE SEMINARY PARTICIPATES IN THE U.S. DEPARTMENT OF EDUCATION'S STAFFORD STUDENT LOAN PROGRAM.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeSTUDENT FINANCIAL AIDGrantTypeTxt
Recipient500RecipientCnt
Non Cash Assistance$1,271,550NonCashAssistanceAmt
Valuation Method UsedFMVValuationMethodUsedDesc
Non Cash AssistanceREDUCED TUITIONNonCashAssistanceDesc

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE I, PAGE 1, PART I, LINE 2FormAndLineReferenceDesc
ExplanationSTUDENT FINANCIAL AID IS AWARDED TO STUDENTS BASED ON ACADEMIC MERIT, FINANCIAL NEED, FACULTY STATUS, AND OTHER ESTABLISHED CRITERIA.ExplanationTxt

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution5ContributionCnt
Noncash Contributions Rpt F990$119,203NoncashContributionsRptF990Amt
Method Of Determining RevenuesFAIR MARKET VALUEMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Any Property That Must Be HeldfalseAnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsfalseReviewProcessUnusualNCGiftsInd
Third Parties UsedfalseThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PAGE 2, PART III, LINE 4DAUXILIARY ENTERPRISES CONSIST OF STUDENT HOUSING AND OTHER ESSENTIALLY SELF-SUPPORTING OPERATIONS THAT EXIST TO PROVIDE SERVICES TO STUDENTS, FACULTY OR STAFF, AND THAT CHARGE A FEE THAT IS RELATED TO THE COST OF THE SERVICE.
FORM 990, PAGE 6, PART VI, LINE 11BTHE FORM 990 IS REVIEWED BY MANAGEMENT PRIOR TO SUBMISSION TO THE IRS.
FORM 990, PAGE 6, PART VI, LINE 12CANNUAL CONFLICT OF INTEREST DISCLOSURE FORMS ARE REVIEWED BY MANAGEMENT AND THE BOARD OF TRUSTEES.
FORM 990, PAGE 6, PART VI, LINE 15ATHE BOARD OF TRUSTEES REVIEWS AND APPROVES THE PRESIDENT'S COMPENSATION ANNUALLY AND CONSIDERS RELEVANT COMPARABILITY DATA AS PART OF THE PROCESS.
FORM 990, PAGE 6, PART VI, LINE 15BMANAGEMENT REVIEWS SALARY LEVELS ANNUALLY AND CONSIDERS RELEVANT COMPARABILITY DATA AS PART OF THE PROCESS.
FORM 990, PAGE 6, PART VI, LINE 19GOVERNING DOCUMENTS AND OTHER INFORMATION ARE MADE AVAILABLE UPON REQUEST.

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