2017-04-12T13:46:07-05:00 2016-06-30 061071692 HARPER & WHITFIELD PC 314 FARMINGTON AVENUE FARMINGTON CT 06032 990 2015-07-01 061013935 BERKELEY DIVINITY SCHOOL BERK 2034329285 409 PROSPECT STREET NEW HAVEN CT 06511 ANDREW MCGOWAN DEAN AND PRESIDENT 2034329285 2017-02-27 1 TODD SHELANSKY CPA P00445857 8606779188 2017-02-27 2015 2021-01-29 14:40:06Z ANDREW MCGOWAN 409 PROSPECT STREET NEW HAVEN CT 06511 3080256 0 X HTTP://BERKELEYDIVINITY.YALE.EDU X 1854 CT TO PREPARE STUDENTS FOR ORDINATION AS PRIESTS, OR TO SERVE AS LAY LEADERS IN THE EPISCOPAL CHURCH AND ANGLICAN COMMUNION. 29 21 0 29 0 0 1378415 1131277 33043 48558 1746297 1883998 12252 16423 3170007 3080256 753801 771489 0 0 987511 1121322 0 0 249468 749371 887458 2490683 2780269 679324 299987 43200952 42530293 123704 132385 43077248 42397908 BERKELEY DIVINITY SCHOOL, AFFILIATED WITH YALE DIVINITY SCHOOL, IS A SEMINARY WHOSE MAIN PURPOSE IS TO PREPARE STUDENTS FOR ORDINATION AS PRIESTS, OR TO SERVE AS LAY LEADERS IN THE EPISCOPAL CHURCH AND ANGLICAN COMMUNION. 0 0 1619196 771489 3080256 PROGRAMS IN SUPPORT OF PREPARING STUDENTS FOR THE SACRED MINISTRY IN THE EPISCOPAL CHURCH AND ANGLICAN COMMUNION. SIXTY STUDENTS WERE ENROLLED IN THE CURRENT YEAR. 1619196 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 29 21 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X SANDY LYNCH 2034328602 409 PROSPECT STREET NEW HAVEN CT 06511 THE REV DARREN ELIN TRUSTEE 0.00 X 0 0 0 JAMES D KLOTE TRUSTEE 0.00 X 0 0 0 PAUL REXFORD THATCHER SR TRUSTEE 0.00 X 0 0 0 G WILLIAM HAAS TRUSTEE 0.00 X 0 0 0 THE VERY REV WILL MEBANE TRUSTEE 0.00 X 0 0 0 THE REV NICHOLAS PORTER TRUSTEE 0.00 X 0 0 0 THE REV CLAYTON THOMASON SECRETARY 0.00 X X 0 0 0 CHARLES ROYCE TRUSTEE 0.00 X 0 0 0 DAVID HYDUKE VICE CHAIR FOR FINANCIAL AFFAIRS 3.00 X X 0 0 0 THE REV GEOFFREY HOARE TRUSTEE 0.00 X 0 0 0 DAVID R WILSON CHAIR 0.00 X X 0 0 0 THE VERY REV STEPHEN CARLSEN VICE CHAIR 0.00 X X 0 0 0 CAROLYN DANIELS TRUSTEE 0.00 X 0 0 0 THE RT REV IAN DOUGLAS TRUSTEE 0.00 X 0 0 0 HOWARD R GREENE TRUSTEE 0.00 X 0 0 0 THE REV JAMES B LEMLER TRUSTEE 0.00 X 0 0 0 FRANCES ROWLAND TRUSTEE 0.00 X 0 0 0 THE REV MARK ANSCHUTZ TRUSTEE 0.00 X 0 0 0 THE REV HENRY EDENS TRUSTEE 0.00 X 0 0 0 JESSIE GUTGSELL TRUSTEE 0.00 X 0 0 0 THE VERY REV ANDREW B MCGOWAN DEAN & PRESIDENT 37.50 X X 152250 0 21290 BRANDON ASHCRAFT TRUSTEE 0.00 X 0 0 0 THE REV WHITNEY Z EDWARDS TRUSTEE 0.00 X 0 0 0 PETER HAWKINS TRUSTEE 0.00 X 0 0 0 THE REV STEPHEN HUBER TRUSTEE 0.00 X 0 0 0 CHLOE STARR TRUSTEE 0.00 X 0 0 0 GREGORY STERLING DEAN, YALE DIVINITY SCHOOL 2.00 X 0 0 0 LINDA LORIMER SECRETARY, YALE UNIVERSITY 0.00 X 0 0 0 EMILY BAKEMEIER DEPUTY PROVOST, YALE UNIVE 0.00 X 0 0 0 CLARK EVANS DOWNS COUNSEL 0.00 X 0 0 0 PAMELA S WESLEY-GOMEZ DIRECTOR OF DEVELOPMENT 37.50 X 131600 0 12468 283850 0 33758 2 0 1 0 0 1131277 107157 1131277 STUDENT INCOME 900099 31175 31175 CONTRACT INC-NON GOVT 541700 17383 17383 48558 1883998 1883998 VARIOUS RELATED SOURCES 900099 16423 16423 16423 3080256 0 0 1948979 771489 771489 154500 54075 74160 26265 697140 243999 334628 118513 269682 88995 140235 40452 28950 28950 68428 68428 20905 11498 6271 3136 27782 26393 1389 144688 57875 57875 28938 5505 5505 70722 70722 21524 21524 URBAN MINISTRIES 134113 134113 0 0 REPAIRS AND MAINTENANCE 76970 0 76970 0 MEALS AND ENTERTAINMENT 68769 27508 27508 13753 GENERAL SERVICES 66594 63264 3330 0 152508 112958 21139 18411 2780269 1619196 911605 249468 102825 0 1779468 1063303 786887 716165 36707230 36451788 5604010 5362340 43200952 42530293 8523 34304 115181 98081 123704 132385 X 4558420 4891915 28773666 28109616 9745162 9396377 43077248 42397908 43200952 42530293 299987 -979327 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 36707230 330117 -585559 36451788 34114716 415800 2176714 36707230 29497739 328937 4288040 34114716 27580208 133219 1784312 29497739 27551273 183706 -154771 27580208 0.09170 0.15350 0.75480 1 0 52000 52000 1722668 1060450 662218 4800 2853 1947 716165 YALE UNIVERSITY INVESTMENT POOL 36451788 F 36451788 ASSETS HELD IN TRUST AND UNDER SPLIT-INTEREST AGREEMENTS 4121919 DUE FROM YALE UNIVERSITY 1240421 5362340 SPLIT-INTEREST AGREEMENT 98081 98081 2100929 -979327 -979327 3080256 0 3080256 2780269 0 2780269 0 2780269 PART V, LINE 4: ENDOWMENT FUNDS ARE PERMANENTLY OR TEMPORARILY RESTRICTED FOR THE PURPOSES OF SCHOLARSHIP AID, PROFESSORSHIP SUPPORT, BUILDING RENOVATION AND MAINTENANCE, LECTURESHIPS, SPIRITUALITY PROGRAMS, AND OTHER PURPOSES INTENDED TO SUPPORT THE EDUCATIONAL MISSION OF THE SEMINARY AND PREPARE STUDENTS TO SERVE IN THE EPISCOPAL CHURCH AND ANGLICAN COMMUNION. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 SCHOLARSHIP AND FINANCIAL AID 60 771489 PART I, LINE 2: BERKELEY DIVINITY SCHOOL MAINTAINS CERTAIN RESTRICTED ENDOWMENTS AND IS THE BENEFICIARY OF CERTAIN THIRD-PARTY TRUSTS FOR THE PURPOSE OF PROVIDING SCHOLARSHIP AID TO STUDENTS. THE INCOME FROM THESE FUNDS IS PAID DIRECTLY TO YALE UNIVERSITY PER THE TERMS OF THE AFFILIATION AGREEMENT. THE FINANCIAL AID OFFICE OF YALE DIVINITY SCHOOL IS RESPONSIBLE FOR DETERMINING THE FINANCIAL NEED AND ACADEMIC MERIT OF STUDENTS, AND FOR MAKING ALL SCHOLARSHIP/FINANCIAL AID AWARDS. GRANTS ARE AWARDED TO FACULTY AND STUDENTS FROM OUTSIDE AGENCIES AND THE FUNDS ARE SENT DIRECTLY TO THE UNIVERSITY TO BE MANAGED. ORIGINAL RECEIPTS ARE SUBMITTED TO PROVIDE SUBSTANTIATION OF EXPENSES AND FINAL REPORTS ARE FORWARDED TO THE SPONSORS. SEE SCHEDULE O. X 1 1 X X X 0 0 0 0 0 0 0 0 0 THE VERY REV ANDREW B MCGOWAN DEAN & PRESIDENT 152250 0 0 0 0 0 15738 0 5552 0 173540 0 0 0 PART I, LINE 1A THE VERY REV. ANDREW B. MCGOWAN, DEAN OF BERKELEY DIVINITY SCHOOL, IS PROVIDED ON CAMPUS HOUSING AS A CONDITION OF EMPLOYMENT FOR THE BENEFIT OF THE EMPLOYER. FELICITY JANE MCGOWAN HARLEY SPOUSE OF THE DEAN 22949 FACULTY SALARY WITH FULL DISCLOSURE AND APPROVAL OF THE BOARD. 0 X 5 33985 STOCK MARKET QUOTE X 1 73172 SALES PRICE 0 0 0 FORM 990, PART VI, SECTION A, LINE 7B THE "AUTHORITY AND RESPONSIBILITY" FOR THE BUDGET RESTS WITH YALE UNIVERSITY, WHICH SUBMITS THE FINAL BUDGET TO THE BERKELEY DIVINITY SCHOOL BOARD IN ITS FIDUCIARY ROLE FOR ACCEPTANCE "AS AN APPROPRIATE USE OF THE ENDOWMENTS AND GIFTS OF BERKELEY DIVINITY SCHOOL". FORM 990, PART VI, SECTION B, LINE 11 BEFORE THE RETURN IS FILED THE DEAN, DIRECTOR OF FINANCE & ADMINISTRATION, AND THE CHAIR OF THE AUDIT AND FINANCE COMMITTEES REVIEW THE RETURN AND APPROVE FOR SUBMISSION. COPIES, EXCLUDING SCHEDULE B, ARE THEN SHARED WITH THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C THE BERKELEY DIVINITY SCHOOL CONFLICT OF INTEREST POLICY OBLIGATES EACH OFFICER, TRUSTEE, AND KEY EMPLOYEE TO PROMPTLY DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST AS DEFINED IN THE POLICY. EACH SUCH PERSON MUST SIGN A STATEMENT ANNUALLY AFFIRMING THAT HE OR SHE HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY, AGREES TO COMPLY WITH THE POLICY, AND UNDERSTANDS THAT THE CORPORATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF HIS OR HER FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTOR AND MEMBERS OF THE COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF A POTENTIAL CONFLICT OF INTEREST, THE INTERESTED PERSON IS EXCUSED FROM THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS MADE, AND IS RECUSED FROM PARTICIPATING IN ANY VOTE ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 BERKELEY DIVINITY SCHOOL, BY ITS AFFILIATION AGREEMENT WITH YALE UNIVERSITY, IS SUBJECT TO ALL OF THE POLICIES AND PROCEDURES AT THE UNIVERSITY, INCLUDING HUMAN RESOURCE COMPENSATION AND HIRING GUIDELINES. THESE FORMAL POLICIES EXTEND TO ALL EMPLOYEES, REGARDLESS OF POSITION. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART V, LINE 1A AND LINE 2A: AN AFFILIATION AGREEMENT WAS SIGNED BETWEEN YALE UNIVERSITY AND BERKELEY DIVINITY SCHOOL. UNDER THE AFFILIATION AGREEMENT, BERKELEY AGREES TO REMIT TO YALE ALL OF ITS GROSS INCOME FROM WHATEVER SOURCE DERIVED INCLUDING ITS INCOME FROM ENDOWMENT AND OTHER FUNDS (INCLUDING RESTRICTED ENDOWMENT FUNDS) AND GIFTS FOR CURRENT USE. ALL SUCH AMOUNTS SHALL BE REMITTED TO YALE AS RECEIVED. ALL RECEIPTS AND ALL DISBURSEMENTS OF BERKELEY SHALL BE PROCESSED BY YALE WITH COPIES TO BERKELEY. THE FINANCIAL AND OPERATING OBJECTIVE IS TO PROVIDE A COMPARATIVELY STABLE AND GRADUALLY INCREASING STREAM OF PAYMENTS BY BERKELEY TO YALE. YALE SHALL HOLD SUCH SURPLUS, IF ANY, IN RESERVE AGAINST FUTURE BUDGETARY NEEDS OF BERKELEY. AS A RESULT OF THIS AGREEMENT, ALL W-2'S AND 1099'S ARE REPORTED BY YALE UNIVERSITY.