2017-04-18T13:23:07-05:00 2016-06-30 390859910 Baker Tilly Virchow Krause LLP 777 E WISCONSIN AVE MILWAUKEE WI 53202 990 2015-07-01 941581707 Graduate Theological Union GRAD 5106492430 2400 Ridge Road Berkeley CA 94709 Steven G Argyris Vice President & CFO 5106492430 2017-04-18 1 Troy Marine CPA P00187863 4147775500 2015 2021-01-29 14:40:06Z Riess W Potterveld 2400 Ridge Road Berkeley CA 94709 29184653 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., TH.D., M.A., OR ONE OF TWO JOINT PH.D. PROGRAMS WITH THE UNIVERSITY OF CALIFORNIA AT BERKELEY SHARE A WORLD-CLASS LIBRARY, ACCESS TO MORE THAN 700 COURSES ACROSS MEMBER SCHOOLS AND ACADEMIC DISCIPLINES, AND A STRONG SENSE OF COMMUNITY. 33 32 143 0 -31909 -44989 1277346 14088231 6684456 6180628 785458 890468 19543 30751 8766803 21190078 1199090 1037696 0 0 4965448 4917500 0 0 496525 3021716 3286497 9186254 9241693 -419451 11948385 48745552 59090649 1528293 1370244 47217259 57720405 X THE MISSION OF GTU IS TO: (1) EDUCATE MEN AND WOMEN FOR VOCATIONS OF MINISTRY AND SCHOLARSHIP, (2) EQUIP LEADERS FOR A FUTURE OF DIVERSE RELIGIONS AND CULTURES, (3) TEACH PATTERNS OF FAITH WHICH NURTURE JUSTICE AND PEACE, AND (4) SERVE AS AN EDUCATIONAL AND THEOLOGICAL RESOURCE FOR LOCAL COMMUNITIES, THE NATION, AND THE WORLD. 1 0 2570872 1037696 2695671 INSTRUCTION AND ACADEMIC SERVICES - PROVIDED INSTRUCTION, ADVISING AND OTHER SERVICES FOR 300 STUDENTS ENROLLED IN MASTERS AND DOCTORAL PROGRAMS AND MORE THAN 700 STUDENTS IN THE CONSORTIUM. 3319576 3484957 LIBRARY - OPERATED THE FLORA LAMSON HEWLETT LIBRARY ON BEHALF OF THE GRADUATE THEOLOGICAL UNION AND NINE MEMBER SEMINARIES. THE LIBRARY IS ONE OF THE MOST COMPREHENSIVE THEOLOGICAL LIBRARIES IN THE COUNTRY, WITH 450,000 VOLUMES, MORE THAN 1500 PERIODICAL SUBSCRIPTIONS AND 292,000 MICROFORMS AND AUDIO VISUAL MATERIALS. THE LIBRARY SERVES FUTURE PARISH MINISTERS, SEMINARY EDUCATORS, SCHOLARS, AND COMMUNITY LEADERS. PROVIDED FINANCIAL AID, REGISTRAR, INFORMATION TECHNOLOGY, ACCOUNTING AND FINANCIAL SERVICES TO MEMBER SCHOOLS OF THE CONSORTIUM.PROVIDED EDUCATIONAL SERVICES TO EIGHT MEMBER INSTITUTIONS AND OTHER AFFILIATED ORGANIZATIONS, INCLUDING FINANCIAL AID, BUSINESS AND REGISTRAR OFFICES, AND INFORMATION TECHNOLOGY. 5890448 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 35 0 143 1 1 1 0 0 0 0 0 0 0 0 0 X 33 32 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X STEVEN G ARGYRIS 5106492430 2400 RIDGE ROAD BERKELEY CA 94709 RIESS W POTTERVELD President 37.50 X X 182259 0 20333 THOMAS E BERTELSEN JR BOARD TREASURER 1.00 X X 0 0 0 EILEEN BITTEN Trustee 1.00 X 0 0 0 ROSEMARY BRAY MCNATT Trustee 1.00 X 0 0 0 JOSEFINA CARD Trustee 1.00 X 0 0 0 THE REV DR MICHAEL E ENGH SJ Trustee 1.00 X 0 0 0 ABID FAROOQ Trustee 1.00 X 0 0 0 LEANN SNOW FLESHER Trustee 1.00 X 0 0 0 WILLIAM D GLENN Trustee 1.00 X 0 0 0 SUSAN COOK HOGANSON BOARD VICE CHAIR 1.00 X X 0 0 0 RABBI DOUGLAS KAHN Trustee 1.00 X 0 0 0 DR CHRIS KIMBALL Trustee 1.00 X 0 0 0 JUDITH LARSEN Trustee 1.00 X 0 0 0 HAROLD T LEACH BOARD CHAIR 1.00 X X 0 0 0 SARA LIPSCOMB BOARD VICE CHAIR 1.00 X X 0 0 0 THE REV DR JAMES L MCDONALD Trustee 1.00 X 0 0 0 SCOTT A MITCHELL Trustee 1.00 X 0 0 0 DAVID O'NEILL Trustee 1.00 X 0 0 0 MARY JO POTTER BOARD SECRETARY 1.00 X X 0 0 0 THE VERY REV DR W MARK RICHARDSON Trustee 1.00 X 0 0 0 RITA SEMEL trustee 1.00 X 0 0 0 MSGR ROBERT SHEERAN Trustee 1.00 X 0 0 0 GEORGE D SMITH Trustee 1.00 X 0 0 0 THE REV DAVID VASQUEZ-LEVY Trustee 1.00 X 0 0 0 REV DR ROBERT WILKINS Trustee 1.00 X 0 0 0 The Rev Dr Nick Carter trustee 1.00 X 0 0 0 Mr Barb Greve Trustee 1.00 X 0 0 0 John Hokenstad Trustee 1.00 X 0 0 0 Christopher Moreland Trustee 1.00 X 0 0 0 Fr Peter Rogers trustee 1.00 X 0 0 0 Robert V Thompson Trustee 1.00 X 0 0 0 Dale Walker Trustee 1.00 X 0 0 0 Rev Dr P Donald White Jr Trustee 1.00 X 0 0 0 LAURA BARNES Trustee 1.00 X 0 0 0 THOMAS BERTELSEN JR Trustee 1.00 X 0 0 0 PAUL MARTIN Trustee 1.00 X 0 0 0 JIM MCDONALD Trustee 1.00 X 0 0 0 Arthur G Holder Vice President and Dean 37.50 X 96287 0 17566 Steven G Argyris Vice President and CFO 37.50 X 125546 0 19083 Alan D Kelchner VP for Advancement 22.50 X 73070 0 15304 Kathleen Kook VP and Dean of Students 37.50 X 93091 0 16630 Robert J Benedetto LIBRARY DIRECTOR 37.50 X 102929 0 18005 Ellen Peterson CONTROLLER 37.50 X 103142 0 17370 Jeffrey DiGregorio Chief Information Tech 37.50 X 98899 0 17035 JUDITH BERLING FACULTY & ACTING DEAN 37.50 X 100461 0 17177 975684 0 158503 5 0 1 0 0 53008 14035223 39442 14088231 Educational activities 611710 3484957 3484957 TUITION AND FEES 611710 2695671 2695671 6180628 323727 -31909 355636 8554720 6596 7994575 0 560145 6596 566741 566741 OTHER SOURCES 900099 30751 30751 30751 21190078 6180628 -31909 953128 1037696 1037696 909036 311510 482652 114874 3021215 2029046 819218 172951 221430 115622 90991 14817 494528 268739 187438 38351 271291 146692 104129 20470 17420 15637 1783 57455 57455 68091 68091 34853 30325 4528 57971 39977 946 17048 172399 52184 113264 6951 498586 182257 302889 13440 527317 458151 63459 5707 319922 181530 109269 29123 19790 19790 1065184 974014 85416 5754 129695 3531 126164 graphic design, publish 142902 33352 55528 54022 Taxes and Fees 76070 2662 72424 984 temp employees 75232 75232 HONORARIA 23610 23160 200 250 9241693 5890448 2854720 496525 561228 2195712 2008659 7552988 537563 3964654 98532 111873 233715 374821 33923651 22139474 12407363 11784177 25045701 24875151 7271730 7657656 373129 369807 207932 203810 48745552 59090649 466246 483393 335514 191706 726533 695145 1528293 1370244 X 14494548 14161901 13058201 14782354 19664510 28776150 47217259 57720405 48745552 59090649 11948385 -1445239 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X X Educational purposes 0 32572652 11038387 -631491 426202 899134 41654212 32969573 77682 795130 397160 872573 32572652 29239872 97897 4591377 333105 626468 32969573 26802892 386802 3012817 269901 692738 29239872 28394437 91485 -751662 156078 775290 26802892 0.03340 0.69050 0.27610 0 0 716677 716677 17056216 10204821 6851395 33650 9441 24209 2137999 1661924 476075 13979109 10263288 3715821 11784177 Real Estate 3799711 F Private Equity Funds 3381260 F Distressed Debt 476685 F 7657656 GOVERNMENT GRANTS REFUNDABLE 395145 FUNDS HELD FOR OTHERS 300000 695145 X 18639052 -1445239 -1445239 20084291 68091 1037696 1105787 21190078 8135906 0 8135906 68091 1037696 1105787 9241693 Part III, Line 1a: 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 III, Line 4: GTU maintains collections of fine art, books and archaeological artifacts. These items are used in the study of subjects such as art and religion, history, and scriptural studies. Students examine art, books and artifacts as part of their studies. Part V, Line 4: Endowments support the programs of the school, including providing student financial aid and funding faculty positions. Part X, Line 2: 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, 2016 and 2015. 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 1,037,696. Part XII, Line 4b - Other Adjustments: GRANTS AND SCHOLARSHIPS 1,037,696. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 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 Investment Activities 5340259 0 0 0 0 0 0 5340259 0 5340259 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 89 1037696 Part I, Line 2: The GTU awards scholarships in the form of tuition discounts to its students. Scholarships are based on both demonstrated financial need and merit. X X 1 1 X X X 0 0 0 0 0 0 0 0 0 RIESS W POTTERVELD President 134066 0 0 0 48193 0 10032 0 10301 0 202592 0 0 0 Robert J Benedetto LIBRARY DIRECTOR 102929 0 0 0 0 0 7852 0 10153 0 120934 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 C. Membership in the faculty club is provided for some individuals. X 1 0 X 2 39442 FMV 0 0 1 0 Part I, Column (b): The number of donations listed in part i, line 9, column b, is representative of the total number of donors. Part I, Line 33: During the year the GTU received a gift of art objects. The GTU did not record any contribution on its financial statements and did not issue or receive a form 8283. Form 990, Part III, line 2 During the year the GTU created the Center for Theology and Natural Sciences and the Center for Arts, Religion and Education. Both of these centers were previously independent affiliated institutions. 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 B, line 11 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 THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED ANNUALLY AND WRITTEN RESPONSES TO THE CONFLICT OF INTEREST QUESTIONAIRE ARE REQUIRED. IF A POTENTIAL CONFLICT IS IDENTIFIED IT IS REFERRED TO THE AUDIT COMMITTEE FOR DETERMINATION OF A CONFLICT OF INTEREST. Form 990, Part VI, Section B, line 15a INDEPENDENT MEMBERS OF THE BOARD COMPRISE THE COMPENSATION COMMITTEE. THE COMMITTEE REVIEWS COMPARABLE SALARIES AND BENEFITS BEFORE ESTABLISHING GTU COMPENSATION FOR THE PRESIDENT. FOR KEY EMPLOYEES AND OTHER OFFICERS, COMPARATIVE DATA IS REVIEWED PRIOR TO THE ESTABLISHMENT OF COMPENSATION. Form 990, Part VI, Section C, line 19 Documents are available upon request. Form 990, Part XII, Line 2c: The organization did not change its oversight and selection process for the audit of the financial statements during the tax year.