REFORMED THEOLOGICAL SEMINARY: Form 990, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- REFORMED THEOLOGICAL SEMINARY (EIN 64-0428676)
- Tax period
- 2017-06-01 to 2018-05-31
- Filed
- 2019-04-04
- IRS object ID
- 201900949349301200
- Schema version
- 2017v2.3
- 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
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2019-04-04T13:43:40-05:00 | ReturnTs |
| Tax Period End | 2018-05-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 363990892 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Capin Crouse LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1255 Lakes Parkway Suite 130 | AddressLine1Txt |
| City | Lawrenceville | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30043 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2017-06-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 640428676 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Reformed Theological Seminary | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | REFO | BusinessNameControlTxt |
| Phone | 6019231600 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5422 Clinton Boulevard | AddressLine1Txt |
| City | Jackson | CityNm |
| State Abbreviation | MS | StateAbbreviationCd |
| ZIP | 39209 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | E Bradley Tisdale | PersonNm |
| Person Title | COFO | PersonTitleTxt |
| Phone | 6019231600 | PhoneNum |
| Signature | 2019-04-04 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | David C Moja | PreparerPersonNm |
| PTIN | P00747006 | PTIN |
| Phone | 6785185301 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 139.146.132.42 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2019-04-04 | IPDt |
| IP Tm | 14:43:29 | IPTm |
| IP Timezone | ED | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 1D0371B0FC2AD99D4593C40B218E344FBED2E836 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 3E3E726BBCD78C90B893CFE7B6E5AD181591EBA7 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2019-02-21 02:37:17Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | J Ligon Duncan III | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5422 Clinton Boulevard | AddressLine1Txt |
| City | Jackson | CityNm |
| State Abbreviation | MS | StateAbbreviationCd |
| ZIP | 39209 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $47,457,587 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.rts.edu | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1964 | FormationYr |
| Legal Domicile State | MS | LegalDomicileStateCd |
| Activity Or Mission | To prepare leaders for the church with "A Mind for Truth and a Heart for God" through a program of graduate theological education. | ActivityOrMissionDesc |
| Voting Members Governing Body | 14 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 13 | VotingMembersIndependentCnt |
| Total Employee | 355 | TotalEmployeeCnt |
| Total Volunteers | 14 | TotalVolunteersCnt |
| Total Gross UBI | -$78,855 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | -$83,268 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $6,714,609 | PYContributionsGrantsAmt |
| CY Contributions Grants | $8,395,056 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $10,140,238 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $10,817,647 | CYProgramServiceRevenueAmt |
| PY Investment Income | $4,130,210 | PYInvestmentIncomeAmt |
| CY Investment Income | $8,885,328 | CYInvestmentIncomeAmt |
| PY Other Revenue | $644,352 | PYOtherRevenueAmt |
| CY Other Revenue | $24,458 | CYOtherRevenueAmt |
| PY Total Revenue | $21,629,409 | PYTotalRevenueAmt |
| CY Total Revenue | $28,122,489 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $3,733,593 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $4,135,736 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $10,570,430 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $10,987,392 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,289,115 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $5,760,936 | PYOtherExpensesAmt |
| CY Other Expenses | $6,180,829 | CYOtherExpensesAmt |
| PY Total Expenses | $20,064,959 | PYTotalExpensesAmt |
| CY Total Expenses | $21,303,957 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,564,450 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $6,818,532 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $100,730,380 | TotalAssetsBOYAmt |
| Total Assets EOY | $106,785,507 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $3,225,798 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $2,728,183 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $97,504,582 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $104,057,324 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | Reformed Theological Seminary (RTS) exists to glorify the Triune God and to serve His church in all branches of evangelical Christianity, especially Presbyterian and Reformed churches, by providing reformed graduate theological education that is globally accessible. Reformed Theological Seminary equips its students for ministry, primarily through pastoral training, to be servant leaders marked by "A Mind for Truth, A Heart for God". | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $16,057,799 | ExpenseAmt |
| Grant | $4,135,736 | GrantAmt |
| Revenue | $11,042,549 | RevenueAmt |
| Desc | The Seminary serves approximately 1,700 students through campuses in Jackson, MS, Orlando, FL, Charlotte, NC, Metro Washington, DC, Atlanta, GA, Houston, TX, Dallas, TX, New York, NY, Distance Education programs, and extension sites in Memphis, TN and Sao Paulo, Brazil. Students are enrolled in the following academic degree programs: Master of Divinity, Master of Arts (Theological Studies), Master of Arts (Biblical Studies), Master of Arts (Religion), Master of Arts in Counseling, Master of Arts in Marriage and Family Therapy and Counseling, Master of Arts in Christian Counseling, and Doctor of Ministry. | Desc |
| Total Program Service Expenses | $16,057,799 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | Yes (1) | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | Yes (1) | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | Yes (1) | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (1) | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | Yes (1) | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 176 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 355 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | Yes (1) | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Form1098 C Filed | Yes (1) | Form1098CFiledInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 14 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 13 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | Yes (1) | LocalChaptersInd |
| Policies Reference Chapters | Yes (1) | PoliciesReferenceChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | AK | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | CO | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | DC | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | KY | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MD | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MI | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NH | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NJ | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | OH | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | OK | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | OR | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | SC | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | WA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | WI | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | E Bradley Tisdale | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6019231600 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5422 Clinton Boulevard | AddressLine1Txt |
| City | Jackson | CityNm |
| State Abbreviation | MS | StateAbbreviationCd |
| ZIP | 39209 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (25 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| Richard L Ridgway | ||||||||
| Chairman | 1.00 | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| Larry W Edwards | ||||||||
| Vice Chairman | 1.00 | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| Roderick Russ III | ||||||||
| Secretary | 1.00 | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| B F Bracy | ||||||||
| Trustee | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Collie W Lehn | ||||||||
| Trustee | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| David Lucas | ||||||||
| Trustee | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| J Scott Redd Sr | ||||||||
| Trustee | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| James L Moore | ||||||||
| Trustee | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| George R Fair | ||||||||
| Trustee | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| William M Mounger II | ||||||||
| Trustee | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Paul A Hurst III | ||||||||
| Trustee | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Hu Meena | ||||||||
| Trustee | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Scott Maclellan | ||||||||
| Trustee | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Warren Williamson | ||||||||
| Trustee | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| J Ligon Duncan III | ||||||||
| Chancellor / CEO | 50.00 | 1.00 | Yes (X) | $281,610 | $0 | $42,960 | ||
| E Bradley Tisdale | ||||||||
| COFO | 50.00 | 1.00 | Yes (X) | $134,398 | $0 | $32,620 | ||
| Robert J Cara | ||||||||
| Provost / CAO | 50.00 | 0.00 | Yes (X) | $148,780 | $0 | $30,644 | ||
| Pauline M Stone | ||||||||
| Chief Inst. Assessment Offc. | 25.00 | 0.00 | Yes (X) | $53,622 | $0 | $5,377 | ||
| Guy L Richardson | ||||||||
| President - Jackson | 50.00 | 0.00 | Yes (X) | $63,447 | $0 | $95,994 | ||
| Scott R Swain | ||||||||
| President - Orlando | 50.00 | 0.00 | Yes (X) | $136,930 | $0 | $28,978 | ||
| Michael J Kruger | ||||||||
| President - Charlotte | 50.00 | 0.00 | Yes (X) | $138,730 | $0 | $29,629 | ||
| John S Redd Jr | ||||||||
| President - Washington | 50.00 | 0.00 | Yes (X) | $137,958 | $0 | $27,141 | ||
| John Sowell | ||||||||
| President - Atlanta | 50.00 | 0.00 | Yes (X) | $116,225 | $0 | $20,310 | ||
| M Steve Wallace | ||||||||
| Exec Dir NYC / Asst. Sec. | 50.00 | 0.00 | Yes (X) | $124,216 | $0 | $23,144 | ||
| Mark D Futato | ||||||||
| Professor | 40.00 | 0.00 | $116,851 | $0 | $26,661 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,452,767 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $363,458 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 9 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Independent Roofing Systems Inc | |||||
| 5090 McRaven Road | Jackson | MS | 39204 | Construction - roofing | $228,000 |
| Pendleton Security | |||||
| PO Box 14005 | Jackson | MS | 39236 | Security | $155,141 |
| DeSignia Inc | |||||
| 919 Exchange St | Charlotte | NC | 28208 | Construction | $128,618 |
| Hedgehog LLC | |||||
| 117 Lawrence Dr | Brandon | MS | 39047 | Landscaping / grounds maint. | $114,728 |
| Marchbanks Specialty Co Inc | |||||
| PO Box 747 | Water Valley | MS | 38965 | Construction - roofing | $105,322 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $432,930 | FundraisingAmt |
| Related Organizations | $78,000 | RelatedOrganizationsAmt |
| All Other Contributions | $7,884,126 | AllOtherContributionsAmt |
| Noncash Contributions | $546,474 | NoncashContributionsAmt |
| Total Contributions | $8,395,056 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Tuition and Fees | Desc |
| Business | 611600 | BusinessCd |
| Total Revenue Column | $10,817,647 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $10,817,647 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $10,817,647 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $829,491 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$78,855 | UnrelatedBusinessRevenueAmt |
| Exclusion | $908,346 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $763,149 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $540,015 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $223,134 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $223,134 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $59,809 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $163,325 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $22,674,443 | SecuritiesAmt |
| Other | $3,604,058 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $17,272,588 | SecuritiesAmt |
| Other | $950,076 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $5,401,855 | SecuritiesAmt |
| Other | $2,653,982 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $8,055,837 | TotalRevenueColumnAmt |
| Exclusion | $8,055,837 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $0 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $432,930 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $277,688 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$277,688 | TotalRevenueColumnAmt |
| Exclusion | -$277,688 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $208,650 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $294,731 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$86,081 | TotalRevenueColumnAmt |
| Exclusion | -$86,081 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Counseling Income | 900099 | $85,618 | $85,618 |
| Finance Charges | 900099 | $30,983 | $30,983 |
| Counseling Conferences | 900099 | $8,020 | $8,020 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $40,472 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $40,472 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $165,093 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $28,122,489 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $11,042,549 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | -$78,855 | UnrelatedBusinessRevenueAmt |
| Exclusion | $8,763,739 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,000 | TotalAmt |
| Program Services | $10,000 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,108,226 | TotalAmt |
| Program Services | $4,108,226 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,510 | TotalAmt |
| Program Services | $17,510 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,633,933 | TotalAmt |
| Program Services | $573,444 | ProgramServicesAmt |
| Management And General | $727,844 | ManagementAndGeneralAmt |
| Fundraising | $332,645 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,235,581 | TotalAmt |
| Program Services | $5,519,131 | ProgramServicesAmt |
| Management And General | $1,110,291 | ManagementAndGeneralAmt |
| Fundraising | $606,159 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $504,605 | TotalAmt |
| Program Services | $345,200 | ProgramServicesAmt |
| Management And General | $137,712 | ManagementAndGeneralAmt |
| Fundraising | $21,693 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,048,076 | TotalAmt |
| Program Services | $782,667 | ProgramServicesAmt |
| Management And General | $224,315 | ManagementAndGeneralAmt |
| Fundraising | $41,094 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $565,197 | TotalAmt |
| Program Services | $362,575 | ProgramServicesAmt |
| Management And General | $164,470 | ManagementAndGeneralAmt |
| Fundraising | $38,152 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $27,677 | TotalAmt |
| Management And General | $20,473 | ManagementAndGeneralAmt |
| Fundraising | $7,204 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $75,560 | TotalAmt |
| Management And General | $75,560 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $224,838 | TotalAmt |
| Management And General | $224,838 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $695,280 | TotalAmt |
| Program Services | $528,428 | ProgramServicesAmt |
| Management And General | $117,771 | ManagementAndGeneralAmt |
| Fundraising | $49,081 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $47,576 | TotalAmt |
| Program Services | $12,877 | ProgramServicesAmt |
| Management And General | $34,699 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $581,130 | TotalAmt |
| Program Services | $294,138 | ProgramServicesAmt |
| Management And General | $187,904 | ManagementAndGeneralAmt |
| Fundraising | $99,088 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $450,767 | TotalAmt |
| Program Services | $372,499 | ProgramServicesAmt |
| Management And General | $78,268 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $980,542 | TotalAmt |
| Program Services | $830,604 | ProgramServicesAmt |
| Management And General | $149,938 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $604,382 | TotalAmt |
| Program Services | $385,959 | ProgramServicesAmt |
| Management And General | $168,350 | ManagementAndGeneralAmt |
| Fundraising | $50,073 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $155,071 | TotalAmt |
| Program Services | $92,245 | ProgramServicesAmt |
| Management And General | $38,380 | ManagementAndGeneralAmt |
| Fundraising | $24,446 | FundraisingAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,517 | TotalAmt |
| Fundraising | $8,517 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,274,671 | TotalAmt |
| Program Services | $1,061,474 | ProgramServicesAmt |
| Management And General | $213,197 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $150,377 | TotalAmt |
| Program Services | $117,414 | ProgramServicesAmt |
| Management And General | $32,963 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| Security | $133,537 | $124,591 | $8,946 | |
| Visa Processing | $106,139 | $99,191 | $6,948 | |
| Moving Expense | $75,645 | $33,974 | $41,671 | |
| UBI Taxes | $732 | $732 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $588,388 | TotalAmt |
| Program Services | $484,843 | ProgramServicesAmt |
| Management And General | $99,530 | ManagementAndGeneralAmt |
| Fundraising | $4,015 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $21,303,957 | TotalAmt |
| Program Services | $16,057,799 | ProgramServicesAmt |
| Management And General | $3,957,043 | ManagementAndGeneralAmt |
| Fundraising | $1,289,115 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,432,998 | BOYAmt |
| EOY | $185,062 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $128,704 | BOYAmt |
| EOY | $1,383,364 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,500 | BOYAmt |
| EOY | $508,500 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $272,497 | BOYAmt |
| EOY | $224,632 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $55,100 | BOYAmt |
| EOY | $41,965 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $127,525 | BOYAmt |
| EOY | $127,745 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $204,769 | BOYAmt |
| EOY | $391,058 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $50,603,171 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $30,152,889 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,693,022 | BOYAmt |
| EOY | $20,450,282 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $43,085,711 | BOYAmt |
| EOY | $39,736,392 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,272,152 | BOYAmt |
| EOY | $41,030,715 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,429,402 | BOYAmt |
| EOY | $2,705,792 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $100,730,380 | BOYAmt |
| EOY | $106,785,507 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $982,180 | BOYAmt |
| EOY | $862,808 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,008,355 | BOYAmt |
| EOY | $916,580 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,235,263 | BOYAmt |
| EOY | $948,795 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,225,798 | BOYAmt |
| EOY | $2,728,183 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $48,270,483 | BOYAmt |
| EOY | $53,211,399 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $47,543,626 | BOYAmt |
| EOY | $49,121,781 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,690,473 | BOYAmt |
| EOY | $1,724,144 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $97,504,582 | BOYAmt |
| EOY | $104,057,324 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $100,730,380 | BOYAmt |
| EOY | $106,785,507 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $6,818,532 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$395,421 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $129,631 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $7,345,867 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $6,779,137 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $21,326,698 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $6,714,609 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $8,395,056 | CurrentTaxYearAmt |
| Total | $50,561,367 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $7,345,867 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $6,779,137 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $21,326,698 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $6,714,609 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $8,395,056 | CurrentTaxYearAmt |
| Total | $50,561,367 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $20,337,736 | SubstantialContributorsTotAmt |
| Public Support Total170 | $30,223,631 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,638,347 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,825,017 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,720,614 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,954,984 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,592,640 | CurrentTaxYearAmt |
| Total | $8,731,602 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $40,123 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $79,556 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $31,845 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $20,040 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $0 | CurrentTaxYearAmt |
| Total | $171,564 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $114,985 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $93,360 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $135,121 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $145,244 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $165,093 | CurrentTaxYearAmt |
| Total | $653,803 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $60,118,336 | TotalSupportAmt |
| Public Support CY170 | 0.50270 | PublicSupportCY170Pct |
| Public Support PY170 | 0.49580 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Schedule D IRS990ScheduleD
Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenues Included | $236,250 | RevenuesIncludedAmt |
| Assets Included | $236,250 | AssetsIncludedAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Coll Used Scholarly Rsrch | Yes (X) | CollUsedScholarlyRsrchInd |
| Collection Used Preservation | Yes (X) | CollectionUsedPreservationInd |
| Solicited Assets Sale | 0 | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $64,934,577 | BeginningYearBalanceAmt |
| Contributions | $8,098,406 | ContributionsAmt |
| Investment Earnings Or Losses | $386,185 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $60,000 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $5,275 | AdministrativeExpensesAmt |
| End Year Balance | $73,353,893 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $69,160,587 | BeginningYearBalanceAmt |
| Contributions | $271,669 | ContributionsAmt |
| Investment Earnings Or Losses | $609,850 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $17,700 | GrantsOrScholarshipsAmt |
| Other Expenditures | $5,086,104 | OtherExpendituresAmt |
| Administrative Expenses | $3,725 | AdministrativeExpensesAmt |
| End Year Balance | $64,934,577 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $55,893,188 | BeginningYearBalanceAmt |
| Contributions | $13,125,401 | ContributionsAmt |
| Investment Earnings Or Losses | $151,163 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $4,500 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $4,665 | AdministrativeExpensesAmt |
| End Year Balance | $69,160,587 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $48,009,900 | BeginningYearBalanceAmt |
| Contributions | $7,853,597 | ContributionsAmt |
| Investment Earnings Or Losses | $42,251 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $8,000 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $4,560 | AdministrativeExpensesAmt |
| End Year Balance | $55,893,188 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $48,445,460 | BeginningYearBalanceAmt |
| Contributions | $531,176 | ContributionsAmt |
| Investment Earnings Or Losses | $50,451 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $13,000 | GrantsOrScholarshipsAmt |
| Other Expenditures | $1,000,000 | OtherExpendituresAmt |
| Administrative Expenses | $4,187 | AdministrativeExpensesAmt |
| End Year Balance | $48,009,900 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.36000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.00000 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.64000 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | Yes (1) | EndowmentsHeldRelatedOrgInd |
| Related Org List Sch R | Yes (1) | RelatedOrgListSchRInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $6,553,922 | OtherCostOrOtherBasisAmt |
| Book Value | $6,553,922 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $27,526,963 | OtherCostOrOtherBasisAmt |
| Depreciation | $15,933,032 | DepreciationAmt |
| Book Value | $11,593,931 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $83,740 | OtherCostOrOtherBasisAmt |
| Depreciation | $19,985 | DepreciationAmt |
| Book Value | $63,755 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $12,725,682 | OtherCostOrOtherBasisAmt |
| Depreciation | $11,212,795 | DepreciationAmt |
| Book Value | $1,512,887 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,712,864 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,987,077 | DepreciationAmt |
| Book Value | $725,787 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $20,450,282 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (7 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| Hedge funds - Fund | $10,358,851 | F |
| Equity - International | $11,031,911 | F |
| Equity - Domestic | $6,934,703 | F |
| Private Equity | $6,146,863 | F |
| Real Public Assets | $5,002,676 | F |
| Fixed Income - Int'l | $1,551,811 | F |
| Non-public stock BCC | $3,900 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $41,030,715 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| Annuity Obligations | $917,393 |
| Student Housing Deposits | $31,402 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $948,795 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $24,618,559 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$395,421 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$4,220,943 | OtherRevenueAmt |
| Revenue Not Reported | -$4,616,364 | RevenueNotReportedAmt |
| Revenue Subtotal | $29,234,923 | RevenueSubtotalAmt |
| Other Revenues Not Included | -$1,112,434 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | -$1,112,434 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $28,122,489 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $18,065,817 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $1,112,434 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $1,112,434 | ExpensesNotReportedAmt |
| Expenses Subtotal | $16,953,383 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $4,350,574 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $4,350,574 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $21,303,957 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part III, Line 4: | The Seminary received a Torah scroll at the Charlotte campus that will be used for research. This scroll, along with two others received in previous years at our Jackson and Orlando locations, will be displayed for the benefit of future students and friends of the Seminary. |
| Part V, Line 4: | The endowment funds are used to fund operating expenses, award scholarships to students, take advantage of strategic opportunities, and to make distributions to other 501(c)(3) organizations. |
| Part X, Line 2: | The consolidated financial statement effects of a tax position taken or expected to be taken are recognized in the consolidated financial statements when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. Interest and penalties, if any, are included in expenses in the consolidated statement of activities. As of May 31, 2018 and 2017, the Seminary had no uncertain tax positions that qualify for recognition or disclosure in the consolidated financial statements. |
| Part XI, Line 2d - Other Adjustments: | Investment management fees -224,838. Change in Beneficial interest in trusts 129,631. Reclass scholarships -4,125,736. |
| Part XI, Line 4b - Other Adjustments: | Reclass cost of sales -294,731. Reclass rental expenses -540,015. Reclass direct expenses from fundraising events -277,688. |
| Part XII, Line 2d - Other Adjustments: | Reclass cost of sales 294,731. Reclass rental expenses 540,015. Reclass direct expenses from fundraising events 277,688. |
| Part XII, Line 4b - Other Adjustments: | Investment management fees 224,838. Reclass Scholarships 4,125,736. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule E, Part I, Line 3 | The Seminary's nondiscrimination policy is communicated to the general community through it official website, www.rts.edu, and catalog. |
| Schedule E, Part I, Line 6 | The Seminary received payments from the Department of Veterans Affairs (GI bill and Post 9/11 Veteran Education Funding) and from the Department of Military Affairs (Florida National Guard's Educational Dollars for Duty) for tuition and fees related to students that qualify for those benefits. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (12 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Region Total ExpendituresRegionTotalExpendituresAmt | Specific Services ProvidedSpecificServicesProvidedTxt |
|---|---|---|---|---|---|
| Central America and the Caribbean | 0 | 0 | Investments | $3,552,467 | |
| East Asia and the Pacific | 0 | 0 | Grants to Recipients Located in Region | $6,395 | Scholarships |
| Central America and the Caribbean | 0 | 0 | Grants to Recipients Located in Region | $858 | Scholarships |
| Russia and Neighboring States | 0 | 0 | Grants to Recipients Located in Region | $515 | Scholarships |
| North America | 0 | 0 | Grants to Recipients Located in Region | $5,107 | Scholarships |
| Europe | 0 | 0 | Grants to Recipients Located in Region | $3,090 | Scholarships |
| Sub-Saharan Africa | 0 | 0 | Grants to Recipients Located in Region | $1,545 | Scholarships |
| South America | 1 | 1 | Program Services | $11,018 | Instructional |
| East Asia and the Pacific | 0 | 0 | Program Services | $4,263 | Instructional |
| Europe | 0 | 0 | Program Services | $1,527 | Instructional |
| Middle East and North Africa | 0 | 0 | Program Services | $4,205 | Instructional |
| North America | 0 | 0 | Program Services | $2,187 | Conference |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 1 | SubtotalOfficesCnt |
| Subtotal Employees | 1 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 1 | TotalOfficeCnt |
| Total Employee | 1 | TotalEmployeeCnt |
| Subtotal Spent | $3,580,995 | SubtotalSpentAmt |
| Continuation Spent | $12,182 | ContinuationSpentAmt |
| Total Spent | $3,593,177 | TotalSpentAmt |
Foreign Individuals Grants ForeignIndividualsGrantsGrp (6 entries)
| Type Of AssistanceTypeOfAssistanceTxt | RegionRegionTxt | RecipientRecipientCnt | Non Cash AssistanceNonCashAssistanceAmt | Description Of Non Cash AsstDescriptionOfNonCashAsstTxt | Valuation Method UsedValuationMethodUsedDesc |
|---|---|---|---|---|---|
| Scholarships | East Asia and the Pacific | 6 | $6,395 | Scholarships | FMV |
| Scholarships | Central America and the Caribbean | 1 | $858 | Scholarships | FMV |
| Scholarships | Russia and Neighboring States | 1 | $515 | Scholarships | FMV |
| Scholarships | North America | 6 | $5,107 | Scholarships | FMV |
| Scholarships | Europe | 3 | $3,090 | Scholarships | FMV |
| Scholarships | Sub-Saharan Africa | 1 | $1,545 | Scholarships | FMV |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (1) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (1) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part I, Line 2: | Records are maintained showing scholarship awards to specific individuals who live in regions outside the United States. |
| Part I, Line 3 | The seminary owns an interest in four international private equity funds domiciled in the Cayman Islands - Davidson Kempner Long-Term Distressed Opportunities International II LP, Davidson Kempner Long-Term Distressed Opportunities International III LP, Davidson Kempner Long-Term Distressed Opportunities International IV LP, and Drake Capital Offshore Partners LP. The FMV of these investments as of 5/31/18 was $3,552,467 ($405,773, $529,568, $77,688, and $2,539,438 respectively). |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | Chancellor's Forum | Event1Nm |
| Gross Receipts Event1 | $333,345 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $333,345 | CharitableContriEvent1Amt |
| Rent Facility Costs Event1 | $68,734 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $108,128 | FoodAndBeverageEvent1Amt |
| Entertainment Event1 | $7,883 | EntertainmentEvent1Amt |
| Other Direct Expenses Event1 | $68,622 | OtherDirectExpensesEvent1Amt |
| Event2 | FL Vision Dinner | Event2Nm |
| Gross Receipts Event2 | $99,585 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $99,585 | CharitableContriEvent2Amt |
| Food And Beverage Event2 | $9,135 | FoodAndBeverageEvent2Amt |
| Entertainment Event2 | $6,045 | EntertainmentEvent2Amt |
| Other Direct Expenses Event2 | $9,141 | OtherDirectExpensesEvent2Amt |
| Gross Receipts Total | $432,930 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $432,930 | CharitableContributionsTotAmt |
| Rent Fclty Costs Total Events | $68,734 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $117,263 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $13,928 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $77,763 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $277,688 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$277,688 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | Scholarships | GrantTypeTxt |
| Recipient | 1160 | RecipientCnt |
| Non Cash Assistance | $4,108,226 | NonCashAssistanceAmt |
| Valuation Method Used | FMV | ValuationMethodUsedDesc |
| Non Cash Assistance | Scholarships | NonCashAssistanceDesc |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 2: | FormAndLineReferenceDesc |
| Explanation | Scholarship assistance is approved and monitored for individuals through campus scholarship committees and an institutional financial aid director. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Personal Services | Yes (X) | PersonalServicesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| J Ligon Duncan III | ||||||||||||||
| Chancellor / CEO | $221,360 | $0 | $250 | $0 | $60,000 | $0 | $22,846 | $0 | $20,114 | $0 | $324,570 | $0 | $0 | $0 |
| E Bradley Tisdale | ||||||||||||||
| COFO | $134,148 | $0 | $250 | $0 | $0 | $0 | $13,907 | $0 | $18,713 | $0 | $167,018 | $0 | $0 | $0 |
| Robert J Cara | ||||||||||||||
| Provost / CAO | $127,130 | $0 | $250 | $0 | $21,400 | $0 | $13,131 | $0 | $17,513 | $0 | $179,424 | $0 | $0 | $0 |
| Guy L Richardson | ||||||||||||||
| President - Jackson | $63,197 | $0 | $250 | $0 | $0 | $0 | $33,256 | $0 | $62,738 | $0 | $159,441 | $0 | $0 | $0 |
| Scott R Swain | ||||||||||||||
| President - Orlando | $111,680 | $0 | $250 | $0 | $25,000 | $0 | $11,465 | $0 | $17,513 | $0 | $165,908 | $0 | $0 | $0 |
| Michael J Kruger | ||||||||||||||
| President - Charlotte | $98,480 | $0 | $250 | $0 | $40,000 | $0 | $10,315 | $0 | $19,314 | $0 | $168,359 | $0 | $0 | $0 |
| John S Redd Jr | ||||||||||||||
| President - Washington | $91,681 | $0 | $250 | $0 | $46,027 | $0 | $9,628 | $0 | $17,513 | $0 | $165,099 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part I, Line 1a | Travel for companions - the Seminary encourages and reimburses officers of the seminary to travel with their spouses when the spouse has a legitimate business purpose. The circumstance occurs on an infrequent basis. The following were reimbursed by the Seminary for spousal travel, which was not included in their compensation as all had a legitimate business purpose for the travel - 4 officers and 1 Trustee. Housing allowances are annually reviewed and approved by the Executive Committee of the Seminary. One officer is a ministerial employee which received a nontaxable housing allowance. Six officers and one employee received housing allowances which were included in their taxable compensation. Personal services - the Seminary has paid for childcare expenses of an officer while the officer was at a development event for the Seminary. The circumstance occurs infrequently. |
| Part I, Line 1b | While the Seminary has written policies concerning "travel for companions and "housing allowances", it does not have a written policy for "Personal services" as this circumstance occurs infrequently. |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | John S Redd Jr | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | Family relationship with Board Member J. Scott Redd, Sr. | RelationshipDescriptionTxt |
| Transaction | $166,957 | TransactionAmt |
| Transaction | Comp. | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
Schedule M IRS990ScheduleM
Cars And Other Vehicles CarsAndOtherVehiclesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $0 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | None - no value | MethodOfDeterminingRevenuesTxt |
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 21 | ContributionCnt |
| Noncash Contributions Rpt F990 | $211,724 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV at time of gift | MethodOfDeterminingRevenuesTxt |
Real Estate Residential RealEstateResidentialGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $98,500 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Appraisal | MethodOfDeterminingRevenuesTxt |
Historical Artifacts HistoricalArtifactsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $236,250 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Appraisal | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 2 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | Yes (1) | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part I, Column (b): | The number of contributions represent the number of contributions received, not the number of items donated. Line 15: Real Estate - Residential - house in Vicksburg, MS. Sold in year received. Line 22: Historical artifacts - Torah Scroll located on Charlotte, NC, campus. |
| Part I, Line 32b: | The Seminary uses third-party realtors to market and sell donated land. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section A, line 2 | Trustee, J. Scott Redd, Sr., and Officer, John S. Redd, Jr., have a family relationship. |
| Form 990, Part VI, Section B, line 11b | A meeting is held by the Audit/Finance Committee of the Seminary to allow Committee members to discuss the return and ask any questions. After discussion/revisions have occurred, the returns are recommended to the Executive Committee for review and approval to be filed. The Form 990 is also provided to all board members for review prior to filing with the IRS. |
| Form 990, Part VI, Section B, line 12c | The full board of trustees and officers of the Seminary on an annual basis disclose related party transactions that could give rise to conflicts. Any transactions that are disclosed are reported in the minutes of the board meetings. Persons with a conflict are prohibited from participating in the board's deliberations & decisions regarding the transaction. |
| Form 990, Part VI, Section B, line 15 | Part VI, Section B, Lines 15a & 15b: The Executive Committee reviews and approves the total compensation of all officers of the seminary on an annual basis. The total average compensation from annual surveys of U.S. schools that are members of the Association of Theological Schools is used to determine the reasonableness of officer compensation, as well as other market factors such as degrees, years of experience, previous employment relationships, and compensation levels. |
| Form 990, Part VI, Section C, line 19 | Reformed Theological Seminary makes its financial statements, governing documents (articles of incorporation and bylaws), and conflict of interest policy available to the public upon request. |
| 990, Part VII, Section A | Page 7, Part VII, Section A: Officer, Guy Richardson is a ministerial employee exempt from FICA tax. Therefore, Box 5 of his Form W-2 is blank, and Box 1 has been used in Part VII as reportable compensation as required by the instructions to Form 990. Compensation an employee contributes to their 401(k) plan is not included on Form W-2, Box 1, but is included on Form W-2, Box 5. For the above ministerial employee exempt from FICA tax, employee 401(k) contributions are reported on Form 990, Part VII, column (F) or Schedule J, Part II, Column (C), if applicable. For those employees not exempt from FICA taxes, employee paid 401(k) contributions are included in reportable compensation reported on Form 990, Part VII, Column (D), and Schedule J, Part II, Column (B)(i), if applicable. The above individual exempt from FICA tax also received nontaxable housing allowances, which are included on Form 990, Part VII, Column (F) and Schedule J, Part II, Column (D), if applicable, versus being included in Part VII, Column (D) and Schedule J, Part II, Column (B)(iii) for those employees that are not exempt from FICA tax. |
| Form 990, Part XI, line 9: | Change in Beneficial Interest in Trusts 129,631. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Reformed Properties LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1231 Reformation Drive | AddressLine1Txt |
| City | Oviedo | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 32765 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 270679756 | EIN |
| Primary Activities | Real estate rental | PrimaryActivitiesTxt |
| Legal Domicile State | FL | LegalDomicileStateCd |
| Total Income | $39,125 | TotalIncomeAmt |
| End Of Year Assets | $948,648 | EndOfYearAssetsAmt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RTS | BusinessNameLine1Txt |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|
| RTS Foundation Inc | ||||||||||
| 5422 Clinton Blvd | Jackson | MS | 39209 | 640918136 | Fundraising | MS | 501(c)(3) | Line 12a, I | RTS | Yes (1) |
| Reformed Theological Seminary of Florida Inc | ||||||||||
| 1231 Reformation Drive | Oviedo | FL | 32765 | 421647628 | Theological | FL | 501(c)(3) | Line 12a, I | RTS | Yes (1) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (1) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (5 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| RTS Foundation Inc | ||
| C | $78,000 | FMV |
| RTS Foundation Inc | ||
| L | ||
| RTS Foundation Inc | ||
| N | ||
| RTS Foundation Inc | ||
| O | ||
| RTS Foundation Inc | ||
| P | ||
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