2019-05-10T09:26:26-05:00 2018-06-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 777 E WISCONSIN AVE MILWAUKEE WI 53202 990 2017-07-01 941581707 GRADUATE THEOLOGICAL UNION GRAD 5106492430 2400 RIDGE ROAD BERKELEY CA 94709 ELLEN PETERSON CFO 5106492430 2019-05-01 1 TROY MARINE CPA P00187863 4147775500 38.88.188.75 2019-05-01 13:59:56 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 42991B41A32A13F77B110C5B470B2D73D8292482 2017 2019-02-21 02:37:17Z DANIEL L LEHMANN 2400 RIDGE ROAD BERKELEY CA 94709 29244838 0 X WWW.GTU.EDU X 1962 CA FOUNDED BY ECUMENICAL PIONEERS IN 1962, THE GRADUATE THEOLOGICAL UNION IN BERKELEY, CALIFORNIA, IS THE LARGEST AND MOST DIVERSE PARTNERSHIP OF SEMINARIES AND GRADUATE SCHOOLS IN THE UNITED STATES. OUR INTERFAITH APPROACH ATTRACTS LEADING THEOLOGIANS, SCHOLARS OF RELIGION, AND STUDENTS FROM AROUND THE WORLD WHO ARE PURSUING NEW MODELS FOR INTERRELIGIOUS COLLABORATION IN TEACHING, RESEARCH, MINISTRY, AND SERVICE. AS A CONSORTIUM, WE HAVE THE LARGEST THEOLOGICAL FACULTY IN ONE LOCATION IN THE UNITED STATES. STUDENTS PURSUING A PH.D. OR M.A. SHARE A WORLD-CLASS LIBRARY, ACCESS TO MORE THAN 700 COURSES ACROSS MEMBER SCHOOLS AND ACADEMIC DISCIPLINES, AND A STRONG SENSE OF COMMUNITY. 30 29 145 60 31623 0 778474 6505081 6638039 5820583 1173768 762904 46081 42809 8636362 13131377 1314642 1400382 0 0 5508970 5019350 0 0 425407 3767788 4271268 10591400 10691000 -1955038 2440377 61181151 66979762 1266778 981252 59914373 65998510 X THE GRADUATE THEOLOGICAL UNION BRINGS TOGETHER SCHOLARS OF THE WORLD'S DIVERSE RELIGIONS AND WISDOM TRADITIONS TO ADVANCE NEW KNOWLEDGE, SHARE INSPIRATION AND COLLABORATE ON SOLUTIONS. 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 3738954 1400382 3063526 INSTRUCTION AND ACADEMIC SERVICES - PROVIDED INSTRUCTION, ACADEMIC ADVISING AND OTHER SERVICES FOR APPROXIMATELY 300 GTU STUDENTS ENROLLED IN MASTER AND DOCTORAL DEGREE PROGRAMS. PROVIDED INSTRUCTION TO APPROXIMATELY 200 ADDITIONAL STUDENTS FROM ACROSS THE CONSORTIUM. 2633883 0 1895879 LIBRARY - OPERATED THE WILLIAM AND FLORA LAMSON HEWLETT LIBRARY, ONE OF THE MOST COMPREHENSIVE THEOLOGICAL LIBRARIES IN THE UNITED STATES. THE LIBRARY CONTAINS MORE THAN 450,000 BOOKS, 1,500 PERIODICAL SUBSCRIPTIONS, AND 292,000 MICROFORMS AND AUDIO VISUAL MATERIALS. IN ADDITION, THE LIBRARY SUBSCRIBES TO 90 DATABASES THAT SUPPORT THE STUDY OF RELIGION AS WELL AS 34,000 DIGITAL JOURNAL TITLES, ALL OF WHICH ARE AVAILABLE FOR REMOTE ACCESS. 846776 0 861178 PROVIDED LEARNING MANAGEMENT AND COURSE MANAGEMENT SERVICES TO EIGHT MEMBER INSTITUTIONS AND OTHER AFFILIATED ORGANIZATIONS. 7219613 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 1 0 0 0 0 0 0 0 0 1 62 0 145 1 1 1 0 0 0 0 0 0 0 0 0 X 30 29 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X ELLEN PETERSON 5106492430 2400 RIDGE ROAD BERKELEY CA 94709 RIESS W POTTERVELD PRESIDENT 37.50 X X 120258 0 83721 SUSAN COOK HOGANSON CHAIR, TRUSTEE 5.00 X X 0 0 0 ROBERT WILKINS VICE CHAIR, TRUSTEE 5.00 X X 0 0 0 DAVID O'NEILL TREASURER AND SECRETARY, TRUSTEE 5.00 X X 0 0 0 EILEEN BITTEN TRUSTEE 5.00 X 0 0 0 JAMES BRENNEMAN TRUSTEE 5.00 X 0 0 0 JOSEFINA J CARD TRUSTEE 5.00 X 0 0 0 MICHAEL E ENGH TRUSTEE 5.00 X 0 0 0 ABID FAROOQ TRUSTEE 5.00 X 0 0 0 THEODORE J FETTER TRUSTEE 5.00 X 0 0 0 WILLIAM D GLENN TRUSTEE 5.00 X 0 0 0 BARB GREVE OUTGOING TRUSTEE 5.00 X 0 0 0 JOHN HOKENSTAD TRUSTEE 5.00 X 0 0 0 MUNIR JIWA TRUSTEE 5.00 X 0 0 0 DOUGLAS KAHN TRUSTEE 5.00 X 0 0 0 MIKE KIM TRUSTEE 5.00 X 0 0 0 CHRIS KIMBALL TRUSTEE 5.00 X 0 0 0 JUDITH LARSEN TRUSTEE 5.00 X 0 0 0 HAROLD T LEACH TRUSTEE 5.00 X 0 0 0 DAVID VASQUEZ-LEVY TRUSTEE 5.00 X 0 0 0 JAMES L MCDONALD TRUSTEE 5.00 X 0 0 0 RUTH MEYERS TRUSTEE 5.00 X 0 0 0 ROSEMARY BRAY MCNATT TRUSTEE 5.00 X 0 0 0 LARAE QUY TRUSTEE 5.00 X 0 0 0 W MARK RICHARDSON TRUSTEE 5.00 X 0 0 0 PETER ROGERS TRUSTEE 5.00 X 0 0 0 RITA SEMEL TRUSTEE 5.00 X 0 0 0 ROBERT SHEERAN TRUSTEE 5.00 X 0 0 0 ROBERT V THOMPSON TRUSTEE 5.00 X 0 0 0 DALE WALKER TRUSTEE 5.00 X 0 0 0 P DONALD WHITE JR TRUSTEE 5.00 X 0 0 0 OLGA YUNAK TRUSTEE 5.00 X 0 0 0 STEVEN G ARGYRIS VP AND CFO THRU 12/31/17 37.50 X 153415 0 25534 KATHLEEN KOOK VP AND DEAN OF STUDENTS 37.50 X 104092 0 19924 URIAH KIM VP AND ACADEMIC DEAN 37.50 X 94351 0 66926 ELLEN PETERSON CFO BEGINNING 1/1/18 37.50 X 110164 0 19176 JEFFREY L PACE COO BEGINNING 2/20/18 37.50 X 0 0 0 CLAY G DIXON LIBRARY DIRECTOR 37.50 X 101170 0 18988 683450 0 234269 5 0 1 0 FERRILLI INFORMATION GROUP 41 S HADDON AVENUE HADDONFIELD NJ 08033 SOFTWARE SUPPORT 137720 ENDSIGHT INC 1440 FOURTH ST STE B BERKELEY CA 94710 INFORMATION TECHNOLOGY SERVICES 125927 2 62908 6442173 35433 6505081 EDUCATIONAL ACTIVITIES 611710 2913309 2913309 TUITION AND FEES 611710 2907274 2907274 5820583 310869 31623 279246 16229351 336145 15992445 121016 236906 215129 452035 452035 OTHER SOURCES 900099 42809 42809 42809 13131377 5820583 31623 774090 1400382 1400382 796695 314431 366115 116149 3390707 2646824 599546 144337 177793 134665 33491 9637 378859 303625 54654 20580 275296 195615 68890 10791 589444 247895 305574 35975 81214 7324 73890 100884 870 100014 96530 96530 30846 23518 7328 18774 18774 358915 83925 263108 11882 919084 243407 656601 19076 506434 440598 60772 5064 94687 85647 7385 1655 168871 83772 62592 22507 387 387 1052818 964212 83112 5494 118802 667 118135 TAXES AND FEES 77816 25261 50693 1862 EMPLOYEE RECRUITMENT 55762 16975 37163 1624 10691000 7219613 3045980 425407 435663 1718987 3112817 536474 3332209 2327045 196293 114110 340522 148907 35207507 24145358 11380895 11062149 31752102 12567562 10022557 38407380 397320 0 210773 97148 61181151 66979762 529168 681252 300000 300000 47899 0 389711 0 1266778 981252 X 13423107 12172648 17521917 19535527 28969349 34290335 59914373 65998510 61181151 66979762 2440377 3643760 0 X 0 1 X 1 1 1 X X X X X X EDUCATIONAL PURPOSES 0 0 1 X 45604158 5313595 4261134 672580 1234976 53271331 41654212 186236 5357076 549774 1043592 45604158 32572652 11038387 -631491 426202 899134 41654212 32969573 77682 795130 397160 872573 32572652 29239872 97897 4591377 333105 626468 32969573 0.03150 0.64340 0.32510 1 0 716677 716677 17142465 11053808 6088657 33650 11684 21966 2425511 1806450 619061 14889204 11273416 3615788 11062149 REAL ESTATE 7518239 F PRIVATE EQUITY FUNDS 4994973 F DISTRESSED DEBT FUNDS 316355 F STRATEGIC SOLUTIONS GLOBAL EQUITY FUND 25577813 F 38407380 X 15278225 3643760 3643760 11634465 96530 1400382 1496912 13131377 9194088 0 9194088 96530 1400382 1496912 10691000 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, 2018 AND 2017. THE GTU'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND SCHOLARSHIPS 1,400,382. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND SCHOLARSHIPS 1,400,382. 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 PERKINS STUDENT LOAN PROGRAM AND THE FEDERAL COLLEGE WORK-STUDY PROGRAM. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 5966948 0 0 0 0 0 0 5966948 0 5966948 1 0 0 1 1 0 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. SCHEDULE F, PART IV, LINE 5: THE ORGANIZATION INVESTS IN PARTNERSHIPS THAT HOLD DIRECT OR INDIRECT INTERESTS IN FOREIGN PARTNERSHIPS. HOWEVER, THE ORGANIZATION DOES NOT MEET THE FILING REQUIREMENTS OF FORM 8865 AS A RESULT. 1 SCHOLARSHIPS AND GRANTS PROVIDED AS FINANCIAL AID TO STUDENTS 90 1400382 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. X 1 1 X X X 0 0 0 0 0 0 0 0 0 RIESS W POTTERVELD PRESIDENT 120258 0 0 0 0 0 9291 0 74430 0 203979 0 0 0 STEVEN G ARGYRIS VP AND CFO THRU 12/31/17 132724 0 0 0 20691 0 10782 0 14752 0 178949 0 0 0 URIAH KIM VP AND ACADEMIC DEAN 94351 0 0 0 0 0 6612 0 60314 0 161277 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. X 2 35433 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THE NUMBER IN PART I, COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTORS. 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; THE CHAIRS OF THE BOARD'S FINANCE, AUDIT, ACADEMIC, TRUSTEE, LIBRARY COMMITTEES; THE STUDENT TRUSTEE REPRESENTATIVES; AND A REPRESENTATIVE FROM THE PRESIDENT'S COUNCIL. 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 A CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO EACH MEMBER OF THE GOVERNING BOARD. EACH BOARD MEMBER IS ASKED TO COMPLETE A CONFLICT DISCLOSURE STATEMENT. IF A POTENTIAL CONFLICT OF INTEREST IS IDENTIFIED, IT IS REFERRED TO THE BOARD AUDIT COMMITTEE FOR INVESTIGATION AND DETERMINATION WHETHER A CONFLICT OF INTEREST EXISTS OR NOT. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION COMMITTEE IS CURRENTLY COMPOSED OF INDEPENDENT MEMBERS OF THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. THE 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 SPRING OF 2018 DURING NEGOTIATIONS FOR HIRING THE UNION'S CURRENT, PRESIDENT DANIEL LEHMANN WHO CAME ON BOARD AUGUST 1, 2018. 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.