2021-04-20T14:35:13-05:00 2020-06-30 390859910 BAKER TILLY US LLP 777 E WISCONSIN AVE MILWAUKEE WI 53202 990 2019-07-01 941581707 GRADUATE THEOLOGICAL UNION GRAD 5106492400 2400 RIDGE ROAD BERKELEY CA 94709 ELLEN PETERSON CFO 5106492400 2021-04-20 1 LAWRENCE H MOHR CPA P00447603 4147775500 2021-04-13 2019 2022-09-23 18:48:47Z DR URIAH Y KIM 2400 RIDGE ROAD BERKELEY CA 94709 20208880 0 X WWW.GTU.EDU X 1962 CA FOUNDED BY ECUMENICAL PARTNERS IN 1962, THE GRADUATE THEOLOGICAL UNION IN BERKELEY CA IS ONE OF THE WORLD'S MOST COMPREHENSIVE CENTERS FOR RELIGIOUS EDUCATION. THE GTU EMPLOYS A UNIQUE INTERDISCIPLINARY AND INTERRELIGIOUS APPROACH BUILT ON A COMMITMENT TO DISCOVERING AREAS OF COMMONALITY AND CONSTRUCTIVELY WORKING THROUGH AREAS OF DIFFERENCE. AS THE NATION'S LARGEST AND MOST DIVERSE PARTNERSHIP OF SEMINARIES AND GRADUATE SCHOOLS, THE GTU CONSORTIUM OFFERS THE LARGEST THEOLOGICAL FACULTY IN ONE LOCATION IN THE UNITED STATES. THE GTU OFFERS HIGHLY PERSONALIZED LEARNING WITHIN A PLURALISTIC COMMUNITY ENGAGED IN ACTIVE DIALOGUE. GTU STUDENTS AND FACULTY ARE COMMITTED TO CREATING APPROACHES TO REAL-WORLD CHALLENGES AND PREPARING SCHOLAR-LEADERS TO ACHIEVE POSITIVE CHANGE THROUGHOUT THE WORLD. 24 22 154 40 49871 0 425112 1883715 5371787 4808727 1229794 817726 30628 334224 7057321 7844392 1405881 1264481 0 0 5511168 5798687 0 0 635932 3345219 3478085 10262268 10541253 -3204947 -2696861 65856739 61873853 929517 2382503 64927222 59491350 X THE GRADUATE THEOLOGICAL UNION CULTIVATES INTERRELIGIOUS UNDERSTANDING AND COURAGEOUS PARTNERSHIPS TO FOSTER SPIRITUALLY-GROUNDED ACTION IN THE CREATION OF A JUST AND LOVING WORLD. WE CARRY OUT OUR WORK BY:- EDUCATING SCHOLARS FOR VOCATIONS DEVOTED TO STUDY AND SERVICE- EQUIPPING LEADERS FOR A WORLD OF DIVERSE RELIGIONS AND CULTURES- TEACHING PATTERNS OF FAITH THAT ENCOURAGE JUSTICE AND CARE OF THE PLANET- SERVICING AS AN EDUCATIONAL AND THEOLOGICAL RESOURCE FOR LOCAL COMMUNITIES, THE NATION, AND THE WORLD 0 0 4322149 1264481 2674676 INSTRUCTION AND ACADEMIC SERVICES - PROVIDED INSTRUCTION, ACADEMIC ADVISING AND OTHER SERVICES FOR APPROXIMATELY 220 GTU STUDENTS ENROLLED IN MASTER AND DOCTORAL DEGREE PROGRAMS. PROVIDED INSTRUCTION TO APPROXIMATELY 150 ADDITIONAL STUDENTS FROM ACROSS THE CONSORTIUM. 2945148 1941800 LIBRARY - OPERATED THE FLORA LAMSON HEWLETT LIBRARY, ONE OF THE MOST COMPREHENSIVE THEOLOGICAL LIBRARIES IN THE UNITED STATES. THE LIBRARY CONTAINS MORE THAN 700,000 BOOKS, 1,100 PERIODICAL SUBSCRIPTIONS, AND 295,000 MICROFORMS AND AUDIO VISUAL MATERIALS. IN ADDITION, THE LIBRARY SUBSCRIBES TO 131 DATABASES THAT SUPPORT THE STUDY OF RELIGION AS WELL AS 34,000 DIGITAL JOURNAL TITLES, ALL OF WHICH ARE AVAILABLE FOR REMOTE ACCESS. 207065 192251 PROVIDED LEARNING MANAGEMENT AND COURSE MANAGEMENT SERVICES TO EIGHT MEMBER INSTITUTIONS AND OTHER AFFILIATED ORGANIZATIONS. 7474362 1 1 0 0 0 0 0 1 1 1 1 1 0 0 0 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 71 0 154 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 24 22 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X ELLEN PETERSON 5106492400 2400 RIDGE ROAD BERKELEY CA 94709 DANIEL L LEHMANN PRESIDENT TO 2/21/2020 37.50 X X 250808 0 79828 ELLEN PETERSON CFO/VP ADMIN & FINANCE 37.50 X 154709 0 24805 URIAH KIM INTERIM PRESIDENT/ACADEMIC DEAN 37.50 X X 104559 0 67510 CLAY G DIXON LIBRARY DIRECTOR 37.50 X 121215 0 22718 ARTHUR HOLDER PROFESSOR 37.50 X 115924 0 23537 ALISON H MUNDY VP ADVANCEMENT 37.50 X 114147 0 18808 VICKIA A BRINKLRY DIR OF HUMAN RESOURCES TO 12/3/19 37.50 X 107279 0 12208 KATHLEEN KOOK VP & DEAN OF STUDENTS TO 7/31/19 37.50 X 83168 0 15010 SEPHORA MARKSON HARTZ VP MARKETING & ENROLLMENT MGMT 37.50 X 42829 0 1521 ABID FAROOQ TRUSTEE TO FEBRUARY 2020 5.00 X 0 0 0 ALISON BENDERS TRUSTEE TO MAY 2020 5.00 X 0 0 0 DALE LUM TRUSTEE 5.00 X 0 0 0 DALE WALKER TRUSTEE 5.00 X 0 0 0 DAVID O'NEILL TREASURER, TRUSTEE 5.00 X X 0 0 0 DAVID VASQUEZ-LEVY TRUSTEE 5.00 X 0 0 0 DOUGLAS KAHN TRUSTEE 5.00 X 0 0 0 HEIDI HADSELL TRUSTEE 5.00 X 0 0 0 JAMES BRENNEMAN TRUSTEE 5.00 X 0 0 0 JOHN O'CONNOR TRUSTEE 5.00 X 0 0 0 JOSEFINA J CARD TRUSTEE TO FEBRUARY 2020 5.00 X 0 0 0 JOSEPH MUELLER TRUSTEE 5.00 X 0 0 0 JUDITH LARSEN TRUSTEE 5.00 X 0 0 0 LARAE QUY SECRETARY, TRUSTEE 5.00 X X 0 0 0 MARY JO POTTER VICE CHAIR, TRUSTEE 5.00 X X 0 0 0 MUNIR JIWA TRUSTEE TO MAY 2020 5.00 X 0 0 0 PETER ROGERS TRUSTEE 5.00 X 0 0 0 PETER TEAGUE TRUSTEE 5.00 X 0 0 0 RALPH KUNCL TRUSTEE 5.00 X 0 0 0 RAYMOND PICKETT TRUSTEE 5.00 X 0 0 0 RITA SEMEL TRUSTEE EMERITI 5.00 X 0 0 0 RITA SHERMA TRUSTEE 5.00 X 0 0 0 ROBERT V THOMPSON TRUSTEE 5.00 X 0 0 0 ROSEMARY BRAY MCNATT TRUSTEE 5.00 X 0 0 0 SHAWNA HAMILTON TRUSTEE 5.00 X 0 0 0 SUSAN COOK HOGANSON TRUSTEE 5.00 X 0 0 0 W MARK RICHARDSON TRUSTEE 5.00 X 0 0 0 WILLIAM D GLENN CHAIR, TRUSTEE 5.00 X X 0 0 0 1094638 0 265945 7 0 1 0 FERRILLI INFORMATION GROUP 41 SO HADDON AVE HADDONFIELD NJ 08033 INFORMATION TECHNOLOGY SERVICES AND SOFT 145158 1 797582 1086133 15507 1883715 TUITION AND FEES 611710 2635176 2635176 EDUCATIONAL ACTIVITIES 611710 2173551 2173551 4808727 263809 49871 213938 10935 10935 12918405 12364488 553917 553917 553917 BUSINESS OFFICE AND GENERAL 561499 294850 294850 OTHER SOURCES 900099 28439 28439 323289 7844392 4808727 49871 1102079 1264481 1264481 1124815 287798 449099 387918 3703754 2894131 696775 112848 188273 144466 38641 5166 466255 338549 117315 10391 315590 216188 79960 19442 423270 225715 192461 5094 22306 22306 101030 101030 122403 122403 53066 21304 31762 12178 12178 198575 141848 50327 6400 588998 449867 106490 32641 425382 370081 51047 4254 49866 40908 5592 3366 141129 62263 55653 23213 29567 29567 1051023 964749 80599 5675 141685 822 140863 DUES & MEMBERSHIPS 85466 32589 50607 2270 EMPLOYEE RECRUITMENT 32141 18603 8462 5076 10541253 7474362 2430959 635932 700101 515933 1522940 2248828 1962052 40500 231188 209307 167051 96957 36662199 26062246 10484635 10599953 13483343 0 37217820 48083731 87609 78644 65856739 61873853 579517 578702 0 531691 350000 300000 0 972110 929517 2382503 X 11592685 10903079 53334537 48588271 64927222 59491350 65856739 61873853 X -2696861 -845920 -1893091 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X X EDUCATIONAL PURPOSES 0 0 1 X 53300544 -1877519 -128397 1158407 1525517 317535 48293169 53271331 1604 3296098 1349368 1919121 53300544 45604158 5313595 4261134 672580 1234976 53271331 41654212 186236 5357076 549774 1043592 45604158 32572652 11038387 -631491 426202 899134 41654212 0.03000 0.67000 0.30000 1 0 716677 716677 17763006 11878072 5884934 33650 13927 19723 2481589 1938546 543043 15667277 12231701 3435576 10599953 REAL ESTATE 6780873 F PRIVATE EQUITY FUNDS 6010874 F DISTRESSED DEBT FUNDS 238481 F STRATEGIC SOLUTIONS GLOBAL EQUITY FUND 22292530 F FIXED INCOME AND CREDIT FUNDS 7934439 F MULTI ASSET FUNDS 4826534 F 48083731 X 3747531 -845920 -1893091 -2739011 6486542 122403 1235447 1357850 7844392 9183403 0 9183403 122403 1235447 1357850 10541253 PART III, LINE 4: THE GTU'S COLLECTIONS ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTIONS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED OR AS TEMPORARILY RESTRICTED NET ASSETS IF A DONOR MAKES A CONTRIBUTION INTENDED TO FUND THE SUBSEQUENT PURCHASE OF COLLECTIONS. CONTRIBUTIONS OF COLLECTIONS ARE NOT REFLECTED IN THE STATEMENT OF ACTIVITIES. PART IV, LINE 2B: GTU MAINTAINS AN ENDOWMENT FUND SUPPORTING AN ARTS AND RELIGION FACULTY PERSON SHARED BETWEEN GTU AND SANTA CLARA UNIVERSITY-JESUIT SCHOOL OF THEOLOGY. THE FUNDS HELD GENERATES INCOME FOR THIS ENDOWMENT HOWEVER THE FUNDS WERE GIVEN TO SANTA CLARA UNIVERSITY-JESUIT SCHOOL OF THEOLOGY WITH THE PROVISO THAT THEY BE TRANSFERRED TO GTU FOR ADMINISTRATION WITH THE REMAINDER OF THE ENDOWMENT FUND. THEREFORE THEY WERE NOT REPORTED AS REVENUE BY GTU AT THE TIME OF RECEIPT AND ARE NOT REPORTED AS PART OF THE ENDOWMENT. HOWEVER, THEY ARE INVESTED IN THE ENDOWMENT INVESTMENT POOL. PART V, LINE 4: ENDOWMENTS SUPPORT THE PROGRAMS OF THE SCHOOL, INCLUDING PROVIDING STUDENT FINANCIAL AID, FUNDING FACULTY POSITIONS, SUPPORTING OTHER PROGRAM EXPENSES, PHYSICAL PLANT AND OPERATIONS. PART X, LINE 2: THE GTU IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ACCORDING TO AN INTERNAL REVENUE SERVICE DETERMINATION LETTER. ACCORDINGLY, THE GTU IS NOT SUBJECT TO FEDERAL INCOME TAXES EXCEPT TO THE EXTENT IT DERIVES INCOME FROM CERTAIN ACTIVITIES NOT SUBSTANTIALLY RELATED TO ITS TAX-EXEMPT PURPOSES (UNRELATED TRADE OR BUSINESS ACTIVITIES). THE GTU HAD NO MATERIAL UNRELATED BUSINESS INCOME DURING THE YEAR. IT IS ALSO EXEMPT FROM STATE INCOME TAX. THE GTU FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE GTU FOR UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2020 AND 2019. THE GTU'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: BAD DEBTS NETTED WITH REVENUES -1,893,091. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND SCHOLARSHIPS 1,235,447. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND SCHOLARSHIPS 1,235,447. 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 NON-DISCRIMINATORY POLICY IS PUBLISHED IN THE GRADUATE THEOLOGICAL UNION'S PRINTED MATERIALS AND THE WEBSITE. SCHEDULE E, PART I, LINE 6 THE INSTITUTION RECEIVES FINANCIAL ASSISTANCE FROM THE US GOVERNMENT IN CONNECTION WITH VARIOUS PROGRAMS SUCH AS THE FEDERAL COLLEGE WORK-STUDY PROGRAM. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 5741161 0 0 0 0 0 0 5741161 0 5741161 1 0 0 1 1 0 PART III ACCOUNTING METHOD: SCHEDULE F, PART IV, LINE 4: THE ORGANIZATION INVESTS IN PARTNERSHIPS THAT HOLD DIRECT OR INDIRECT INTERESTS IN PASSIVE FOREIGN INVESTMENT COMPANIES. THE INVESTMENT PARTNERSHIPS HAVE PROPERLY FILED FORM 8621, OR THE UNDERLYING INVESTMENTS DID NOT GENERATE ANY UNRELATED BUSINESS INCOME. UNDER THESE FACTS, IT IS NOT NECESSARY FOR THE ORGANIZATION TO FILE AN ADDITIONAL 8621. 1 SCHOLARSHIPS AND GRANTS PROVIDED AS FINANCIAL AID TO STUDENTS 91 1231454 EMERGENCY GRANTS TO STUDENTS 18 33027 PART I, LINE 2: GTU'S FINANCIAL AID OFFICE AWARDS NEED BASED AWARDS AND ASSISTANCE USING THE FAFSA DATA AND STANDARD RANKING TO DETERMINE NEED. GTU'S FACULTY DEAN'S OFFICE AWARDS MERIT BASED AWARDS USING ESTABLISHED CRITERIA AND/OR ANALYSIS BY COMMITTEE OF WRITTEN APPLICATIONS. STUDENT FINANCIAL AID IS POSTED DIRECTLY TO STUDENT ACCOUNTS AND APPLIED TO TUITION AND FEE EXPENSES. PART III, EMERGENCY GRANTS TO STUDENTS: EMERGENCY GRANTS TO STUDENTS REPRESENTS THE HIGHER EDUCATION RELIEF FUNDING PROVIDED BY THE CARES ACT FOR DIRECT DISTRIBUTION TO STUDENTS. X X 1 1 X X 1 0 0 0 0 0 0 0 0 DANIEL L LEHMANN PRESIDENT TO 2/21/2020 250300 0 0 0 508 0 17556 0 62272 0 330636 0 0 0 ELLEN PETERSON CFO/VP ADMIN & FINANCE 154319 0 0 0 390 0 10967 0 13838 0 179514 0 0 0 URIAH KIM INTERIM PRESIDENT/ACADEMIC DEAN 103416 0 0 0 1143 0 8375 0 59135 0 172069 0 0 0 PART I, LINE 1A A CLERGY HOUSING ALLOWANCE IS PROVIDED IN LIEU OF SALARY FOR SOME INDIVIDUALS, INCLUDING THE PRESDIENT. THE HOUSING ALLOWANCE IS INCLUDED IN PART II, COLUMN D. PART I, LINE 3 AFTER HIRE, THE PRESIDENT RECEIVES COLA AS DETERMINED BY THE BUDGET. FOR THE 2019-20 FISCAL YEAR, SENIOR EXECUTIVES RECEIVED NO COLA. PART I, LINE 4A DANIEL L. LEHMANN RECEIVED SEVERANCE IN THE AMOUNT OF $168,650. IT WILL BE REPORTED ON THE 2020 FORM 990 AS REPORTABLE COMPENSATION IN PART II, COLUMN (B)(III). FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE OF THE BOARD HAS AUTHORITY TO ACT ON THE BOARD'S BEHALF. THE EXECUTIVE COMMITTEE IS COMPRISED OF OFFICERS OF THE BOARD AND CHAIRS OF THE BOARD'S STANDING COMMITTEES WHICH INCLUDE FINANCE, AUDIT, ACADEMIC, LIBRARY, ADVANCEMENT, AND NOMONATING AND GOVERNANCE. FORM 990, PART VI, SECTION A, LINE 7A PRESIDENTS OF MEMBER SCHOOLS ARE APPOINTED BY THE BOARD OF THAT SCHOOL. PRESIDENTS OF MEMBER SCHOOLS ARE AUTOMATICALLY MEMBERS OF THE GTU BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS RECEIVES A FULL COPY OF THE RETURN FOR REVIEW BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C GTU'S CONFLICT OF INTEREST POLICY COVERS INTERESTED PERSONS. INTERESTED PERSONS INCLUDE ANY OFFICER, TRUSTEE OR MEMBER OF A BOARD COMMITTEE WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST. EACH INTERESTED PERSON IS ASKED TO COMPLETE A CONFLICT DISCLOSURE STATEMENT ANNUALLY. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE TO THE GTU AUDIT COMMITTEE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE MEMBERS OF THE COMMITTEE. THE INTERESTED PERSON SHALL LEAVE THE COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE AUDIT COMMITTEE SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. PROCEEDINGS RELATED TO CONFLICTS OF INTEREST ARE REFLECTED WITHIN THE MEETING MINUTES OF THE AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15A TTHE EXECUTIVE COMMITTEE REVIEWS COMPENSATION FROM THEOLOGICAL INSTITUTIONS THAT HAVE BEEN IDENTIFIED AS PEER INSTITUTIONS. THEY PROVIDE A RANGE OF SALARY AND BENEFITS FROM WHICH THE CHAIR OF THE BOARD NEGOTIATES WHEN A NEW PRESIDENT IS HIRED. BENEFITS INCLUDE THE UNION'S STANDARD BENEFITS AND MAY ALSO INCLUDE STUDY LEAVE, MOVING EXPENSE REIMBURSEMENT OR OTHER SIMILAR NEGOTIATED BENEFITS. DISCUSSIONS ARE DOCUMENTED AS PART OF THE EXECUTIVE COMMITTEE MINUTES. AFTER HIRE, THE PRESIDENT IS SUBJECT TO THE SAME COST OF LIVING ADJUSTMENTS AS OTHER STAFF, UNLESS THE HIRE LETTER SPECIFIES OTHERWISE. THE MOST RECENT COMPENSATION REVIEW WAS CONDUCTED IN THE SUMMER OF 2020 DURING NEGOTIATIONS FOR HIRING THE UNION'S CURRENT PRESIDENT URIAH Y KIM WHO WAS NAMED INTERIM PRESIDENT IN FEBRUARY 2020 AND PRESIDENT IN AUGUST 2020. THE EXECUTIVE COMMITTEE REVIEWS COMPENSATION FROM THEOLOGICAL INSTITUTIONS THAT HAVE BEEN IDENTIFIED AS PEER INSTITUTIONS. THEY PROVIDE A RANGE OF SALARY AND BENEFITS FROM WHICH THE CHAIR OF THE BOARD NEGOTIATES WHEN A NEW CHIEF FINANCIAL OFFICER IS HIRED. BENEFITS INCLUDE THE GTU'S STANDARD BENEFITS AND MAY ALSO INCLUDE STUDY LEAVE, MOVING EXPENSE REIMBURSEMENT OR OTHER SIMILAR NEGOTIATED BENEFITS. DISCUSSIONS ARE DOCUMENTED AS PART OF THE EXECUTIVE COMMITTEE MINUTES. AFTER HIRE, THE CFO IS SUBJECT TO THE SAME COST OF LIVING ADJUSTMENTS AS OTHER STAFF, UNLESS THE HIRE LETTER SPECIFIES OTHERWISE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: BAD DEBTS NETTED WITH REVENUES -1,893,091.