2020-05-20T15:05:36-05:00 2019-06-30 363990892 Capin Crouse LLP 3050 Saturn Street Suite 104 Brea CA 92821 990 2018-07-01 951699394 Fuller Theological Seminary FULL 6263966075 135 N Oakland Avenue Pasadena CA 911820001 Raymond Asad Chief Operations & CFO 6263966075 2020-05-20 1 Ted R Batson Jr P00721951 7145770988 139.146.132.42 2020-05-20 16:05:29 ED P FEBBA0B1DE72EE09ACCEEF0F6540888D17AFFF4F 610140321D0FA817B8FFBA6E3EB06A597B770B8C 2018 2020-09-23 17:36:50Z Mark Labberton 135 N Oakland Avenue Pasadena CA 911820001 62612845 0 X www.fuller.edu X 1947 CA Provides graduate degrees in Theology,Psychology,Intercultural Studies & operates Psych Center. 39 38 1301 41 590840 0 14300147 15641451 37224776 35110201 791651 1265953 826575 953499 53143149 52971104 6097230 5943961 0 0 39318929 38528826 0 77087 2490917 21936656 22183107 67352815 66732981 -14209666 -13761877 272224260 265062633 51268332 53629035 220955928 211433598 The Seminary is an international, multi-denominational, post-baccalaureate school of religious learning that prepares students for a wide variety of Christian vocations through its schools of Theology, Psychology and Intercultural Studies. 0 0 35767975 5943961 26245428 School of Theology - 1,435 full-time equivalent students servedSchool of Psychology - 276 full-time equivalent students servedSchool of Intercultural Studies - 447 full-time equivalent students servedOther Miscellaneous Programs 7101314 7422286 Auxiliary enterprise revenue. 5796109 1442487 Two Psychological Centers - Student trainees provided counseling services to members of the community. 48665398 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 0 0 1 1 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 1 3803 0 1 1301 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 39 38 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA WA X X Meg Wade 6263966075 135 N Oakland Avenue Pasadena CA 911820001 X Mark Labberton President/Trustee 40.00 X X 217898 0 95094 Daniel D Meyer Trustee/Chairman 0.10 X X 0 0 0 Mary Vermeer Andringa Vice Chair/Trustee 0.10 X X 0 0 0 Daniel L Villanueva Treasurer/Trustee 0.10 X X 0 0 0 Wilma Jean Burch Secretary/Trustee 0.10 X X 0 0 0 Robert M Anderson Trustee 0.10 X 0 0 0 David L Bere Trustee 0.10 X 0 0 0 Russell J Bloem Trustee 0.10 X 0 0 0 Thomas G Bost Trustee 0.10 X 0 0 0 Nicholas E Brathwaite Trustee 0.10 X 0 0 0 William K Brehm Trustee 0.10 X 0 0 0 Gaylen J Byker Trustee 0.10 X 0 0 0 Barbara H Carlsberg Trustee 0.10 X 0 0 0 Kevin T Chan Trustee 0.10 X 0 0 0 Peter Chao Trustee 0.10 X 0 0 0 Daniel L Chun Trustee 0.10 X 0 0 0 Andrew H Crouch Trustee 0.10 X 0 0 0 Kathy Drake Trustee 0.10 X 0 0 0 Evelyn W Freed Trustee 0.10 X 0 0 0 David Fung Trustee 0.10 X 0 0 0 Jeffery Hanson part year Trustee 0.10 X 0 0 0 Nathan O Hatch Trustee 0.10 X 0 0 0 T William Hoehn III part year Trustee 0.10 X 0 0 0 Anne M Huffman Trustee 0.10 X 0 0 0 James R Hunt Trustee 0.10 X 0 0 0 Bill Sung-Kook Hwang Trustee 0.10 X 0 0 0 Willie James Jennings Trustee 0.10 X 0 0 0 Richard Kannwischer Trustee 0.10 X 0 0 0 Tom Lin Trustee 0.10 X 0 0 0 Jim Mellado Trustee 0.10 X 0 0 0 Shirley A Mullen Trustee 0.10 X 0 0 0 John C Ortberg Jr Trustee 0.10 X 0 0 0 Nicholas Pearce Trustee 0.10 X 0 0 0 Clifford L Penner Trustee 0.10 X 0 0 0 Jack D Samuelson Trustee 0.10 X 0 0 0 Meritt Lohr Sawyer Trustee 0.10 X 0 0 0 Larry A Smith Trustee 0.10 X 0 0 0 Jody A De Pree Vanderwel Trustee 0.10 X 0 0 0 Grant A Wacker Trustee 0.10 X 0 0 0 Dale C Wong Trustee 0.10 X 0 0 0 C Jeffrey Wright Trustee 0.10 X 0 0 0 Leonard J Moon part year VP for Finance/CFO 40.00 X 256401 0 24420 Tod E Bolsinger VP for Vocation and Format 40.00 X 81027 0 156363 Mari Clements Provost 40.00 X 196178 0 17351 Theresa Edy-Kiene VP Strategic Planning 40.00 X 107626 0 34314 Lauralee Farrer VP Communication 40.00 X 169518 0 10419 Dale Kemp Interim CFO 40.00 X 0 0 0 Marcus Sun VP GRAMAR 40.00 X 98198 0 8300 Jon Yasuda part year VP for Development 40.00 X 230027 0 24129 William Joseph Clark part year Chief of Strategy/Staff 40.00 X 155108 0 26502 Brad Strawn Faculty School of Psycholo 40.00 X 121623 0 72427 Kimberly Odom Thompson Director - Development TX 40.00 X 151520 0 21281 Theopolis Cosse Exec. Director of SOP 40.00 X 154359 0 28183 Richard J Mouw President Emeritus/Prof of Faith 40.00 X 151430 0 28151 John Kamperschroer Senior Director, Development 40.00 X 144874 0 20307 2235787 0 567241 65 0 1 0 EBSCO Subscription Services PO Box 92901 Los Angeles CA 90009 Magazine Subscriptions 257345 Ellucian Company LP 62578 Collections Center Drive Chicago IL 60693 Software Maintenance 249553 RR Donnelly & Sons Company PO Box 100112 Pasadena CA 91189 Communications 218388 Hassle Free Plumbing 220 E Foothill Blvd Monrovia CA 91016 Plumbing 183426 Simply Gourmet Plus 135 N Oakland Ave Pasadena CA 91101 Catering 168437 13 190000 15451451 1299738 15641451 Tuition 611310 25368709 25368709 Auxiliary Services 623000 6059052 6059052 Psychological Center 611310 1442487 1442487 Fees 611310 876719 876719 1363234 1363234 35110201 607605 607605 36444 36444 1366608 449553 917055 917055 590840 326215 7900536 1950000 7589135 1603053 311401 346947 658348 658348 52971104 35110201 590840 1628612 5943961 5943961 1645681 598299 914722 132660 471129 416062 55067 29661995 22345531 5787039 1529425 706471 553428 107124 45919 4066009 3527678 438970 99361 1977541 1486976 371371 119194 28193 114 26777 1302 137010 137010 77087 77087 997553 997553 3719889 1858606 1809350 51933 508796 106249 402194 353 2786790 1840402 854679 91709 1370400 516522 843989 9889 72013 72013 6056199 4763119 1291280 1800 1762131 1255464 353576 153091 193944 156531 33120 4293 2043979 2009000 34979 907620 455000 449620 3000 46340 241 46099 Hospitality 855455 582783 157838 114834 Other Equipment 159650 51470 108180 License Fees 135612 17090 118522 Library acquisitions 41051 41029 22 360482 67830 292652 66732981 48665398 15576666 2490917 X 3259514 5417959 7881594 8663096 3340861 858698 1856217 3604768 1303076 753076 689236 527116 30209 61003 5629959 5582117 129992454 40971476 91085083 89020978 85192219 84285757 12543037 14180267 59413255 52107798 272224260 265062633 4439632 6078902 3822022 4210132 40559992 39922169 2446686 3417832 51268332 53629035 X 55155043 52732622 165800885 158700976 220955928 211433598 272224260 265062633 X -13761877 2966118 1273429 X X 0 1 X 1 1 1 X 24275872 13788851 26643313 14300147 15641451 94649634 24275872 13788851 26643313 14300147 15641451 94649634 24686107 69963527 2239168 1564090 1282553 423360 1419817 6928988 49726 49726 931270 931270 1862540 103490888 188753484 0.67600 0.71010 X Schedule A, Part II, Line 10, Explanation of Other Income: Other Income - 2014 Amount: $ 931,270. 2015 Amount: $ 931,270. 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 123018062 2291041 2979610 1894290 4799847 121594576 130194012 833537 -1616321 1832566 4560600 123018062 122390454 7538936 7119764 1877953 4977189 130194012 121902692 282751 6692590 1770730 4716849 122390454 127355458 1100869 220241 2028098 4745778 121902692 0.29110 0.70890 0 1 1 13878037 13878037 98611994 26747203 71864791 786063 786063 0 10067311 9354072 713239 6649049 4084138 2564911 89020978 Trust Deeds & Notes Rec 10418488 C Cash & Cash Equivalents 3193945 C Money Market Funds 547070 C Real Estate & Real Estate Interests 20764 C 14180267 Beneficial Interest in Perpetual Trusts 4129182 Interest in Investments of Financially Interrelated Entity 17879393 Interest in Net Assets of Financially Interrelated Entity 30099223 52107798 Annuities Payable 660994 Deposits 1211078 Assets Held for Auxiliary Organizat 185484 Perkins Loan Funds Repayable to Fed 533462 Interest Rate Swap 826814 3417832 Part V, Line 4: The Organization's endowment consists of over 200 individual funds established for a variety of purposes, primarily for endowed chairs, endowed scholarships and other program related expenditures. Form 990, Schedule D, Part V, Line 1, column (b): With the adoption of ASU 2016-14, the negative appreciation of endowment funds was removed from the endowment balance. Form 990, Schedule D, Part V, Lines 2a-2c: In accordance with the principles of FASB ASU 2016-14 (ASC 958), the organization has implemented required changes to its audited financial statements for the period ended 6/30/2019. To date, Schedule D has not been updated to reflect changes made by this standard. Thus, we have reported the revised net asset categories from the audited financial statements as follows on Form 990, Schedule D, Part V, Lines 2a-2c: Line 2a - Without donor restrictions Line 2b - With donor restrictions 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Non-discrimination policy is published in the course catalog and posted on the Fuller website. 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). Schedule E, Part I, Line 6 Fuller Theological Seminary received funds for Student Financial Aid from the U.S. Department of Education, through the Federal Direct Loan Program, the Federal Graduate PLUS Loan Program, the Federal Work-Study Program and the Federal Perkins Loan Program. The Organization is not receiving any new Perkins funds. X X X X X X X 1 Grenzebach Glier & Associates Inc 200 S Michigan Ave Suite 2100 Chicago IL 60604 Fundraising consulting/capital campaign exploration 0 0 77087 -77087 77087 -77087 CA 1 Grant in Aid for Students attending the Organizations Campuses in North America 1730 5943961 Part I, Line 2: The Organization only awards financial assistance or grant-in-aid to individuals who are designated to meet the educational expenses of students attending Fuller Theological Seminary. The Organization has established institutional policies for awarding and monitoring of financial assistance. Each award is done in accordance with the policies and compliance is monitored by senior management, to ensure that the amount and eligibility of individuals is in accordance with established policies. X X X X X 1 1 X X X X 1 0 0 0 0 0 0 0 0 Mark Labberton President/Trustee 212746 0 0 0 5152 0 53908 0 41694 0 313500 0 0 0 Leonard J Moon part year VP for Finance/CFO 256153 0 0 0 248 0 4070 0 20859 0 281330 0 0 0 Tod E Bolsinger VP for Vocation and Format 80312 0 0 0 715 0 45321 0 111525 0 237873 0 0 0 Mari Clements Provost 195416 0 0 0 762 0 3750 0 14109 0 214037 0 0 0 Lauralee Farrer VP Communication 167688 0 0 0 1830 0 3005 0 7842 0 180365 0 0 0 Jon Yasuda part year VP for Development 224579 0 0 0 5448 0 3628 0 20963 0 254618 0 0 0 William Joseph Clark part year Chief of Strategy/Staff 154735 0 0 0 373 0 4000 0 23010 0 182118 0 0 0 Brad Strawn Faculty School of Psycholo 121259 0 0 0 364 0 16701 0 56019 0 194343 0 0 0 Kimberly Odom Thompson Director - Development TX 150927 0 0 0 593 0 3060 0 18623 0 173203 0 0 0 Theopolis Cosse Exec. Director of SOP 154359 0 0 0 0 0 26338 0 2202 0 182899 0 0 0 Richard J Mouw President Emeritus/Prof of Faith 142617 0 0 0 8813 0 3202 0 25176 0 179808 0 0 0 John Kamperschroer Senior Director, Development 126312 0 0 0 18562 0 3000 0 17702 0 165576 0 0 0 Part I, Line 1a At times it is deemed necessary for the President and former President to travel first class due to length of travel and/or meeting preparation time required while in flight. The Seminary considers these instances as business related and therefore it is not included in taxable compensation. The Seminary occasionally reimburses for the travel of companions when there is a bonafide business purpose for the spouse to travel to a function or meeting. The Seminary provides a car allowance to select officers who are also employees of the Organization. This allowance is discretionary and is not part of an accountable plan. Accordingly, the car allowance is reported as other taxable compensation on the employee's W-2. Pursuant to Internal Revenue Code Section 107, ministerial housing allowances are provided for qualifying ministerial employees. This is not included in taxable compensation. The President, Former Provost, VP & Chief of Leadership Formation, and Professor Psychology met the qualifications for and received a ministerial housing allowance during the tax year. The Seminary pays maid service for the Former President's residence. Amount is added into his W-2 as additional compensation. Part I, Line 4a Jon Yasuda received severance of $62,308. Mark Labberton President Incentive to Attract Key Employee X 103076 103076 0 1 1 Tod Bolsinger VP for Vocation and Formation Incentive to Attract Key Employee X 300000 300000 0 1 1 Mari Clements Provost Incentive to Attract Key Employee X 350000 350000 0 1 1 753076 X 125 1299738 Mkt Val at date of gift 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 A, line 1 The Executive Committee is made up of 10 Trustees and includes the 3 major operational officers. The Executive Committee is to exercise the power and authority of the board between meetings of the board subject to limitation imposed by law or the board. The Executive Committee, however, shall have no power to elect new trustees, select a president or other chief executive officer, or approve any amendment of the Articles of Incorporation or bylaws. Form 990, Part VI, Section B, line 11b Form 990 is prepared by an independent CPA firm and reviewed in detail by the Controller and the office of the CFO. The Controller then provides a complete copy of the return to the chair of the audit committee and to all audit committee members for review. The audit committee follows up with the Controller and CFO on any questions that may arise and a meeting is held to discuss the Form 990 with the Controller, CFO, and indepdent CPA firm. Once all questions are adequately addressed and all corrections made, the audit committee approves the Form 990 and the Chair of the audit committee recommends approval by the full Board of Trustees. The finalized 990 is then provided to the full Board of Trustees prior to filing the return. Form 990, Part VI, Section B, line 12c Annually, officers, trustees and key employees are required to read the conflict of interest policy and to sign and return a completed conflict of interest statement. These are reviewed by the Director of Compliance & Risk Management. Throughout the year, any transactions undertaken by the Seminary are reviewed for instances of conflict of interest prior to entering into the agreement/transactions. If an instance of non compliance should occur, the Seminary would address it and make the necessary corrections if needed. Form 990, Part VI, Section B, line 15 The Organization receives from The Association of Theological Schools & The Commission on Accrediting a special purpose report titled "Institutional Peer Profile Report." This report references operating statistics, including salary ranges for all executives, faculty and staff. The report compares the Organization to a customized list of 20 comparable accredited institutions. Data from this report is utilized by the Executive Committee of the Board of Trustees to set executive salary ranges in a closely competitive and resource limited environment with consideration of effective performance of the individuals. The final decisions are reflected in the compensation packet provided to the President and all officers which would reference approval of the contract in the Executive Committee minutes. Form 990, Part VI, Section C, line 19 The governing documents, conflict of interest policy, and financial statements are made available upon request. In addition, our tax return is posted on Guidestar and both our annual audit and tax returns (both the Form 990 and 990-T) are available through our Fuller (external) and Portico (Internal) websites. Form 990, Part VII, column (F): Compensation reported in Part VII, column D and Schedule J, Part II, column B 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 and Schedule J, Part II, column C. Form 990, Part VII, column (F): The Former President is still being paid because he is now a faculty member. In accordance with the Form 990 reporting rules, his compensation is required to be reported because he was President in the last 5 years. Form 990, Part X, Lines 27-29: In accordance with the principles of FASB ASU 2016-14 (ASC 958), the organization has implemented required changes to its audited financial statements for the period ended 6/30/2019. The 2018 Form 990 and its associated schedules have not been updated to reflect changes made by this standard. Thus, we have reported the revised net asset categories from the audited financial statements as follows on Form 990, Part X, Lines 27-29: Line 27 - Net assets without donor restrictions $52,732,622 Line 29 - Net assets with donor restrictions 158,700,976 Total net assets $211,433,598 Form 990, Part XI, line 9: Change in investments held by a related party 1,442,234. Change in beneficial interest in trusts held by a related party 1,379,859. Change in Interest Rate Swap -1,494,620. Change in Value of Split Interest Agreements -54,044. Form 990, Part XII, Line 2c The organization's Audit Committee assumes responsibility for oversight of the audit of its financial statements and selection of its independent accountant. This process has not changed since the prior year. CGF Properties LLC 135 N Oakland Ave Pasadena CA 91101 Support of Fuller Theological Seminary CA 5116399 34965237 Fuller Theological Seminary CEF Properties LLC 135 N Oakland Ave Pasadena CA 91101 Support of Fuller Theological Seminary CA 184286 46895 Fuller Theological Seminary Fuller Endowment Fund LLC 385 E Colorado Blvd Suite 250 Pasadena CA 91101 352579788 Investment CA Fuller Theological Seminary Unrelated 5196678 75897398 0 141972 0 0.64670 Charitable Remainder Unitrust (7) Beneficial Interest in Charitable Remainder Unitrust CA T 0 Charitable Remainder Annuity Trust (1) Beneficial Interest in Charitable Remainder Annuity Trust CA T 0 Perpetual Trust (1) Beneficial Interest in Perpetual Trust CA T 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 The Fuller Foundation K The Fuller Foundation O The Fuller Foundation P