REFORMED THEOLOGICAL SEMINARY: Form 990, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- REFORMED THEOLOGICAL SEMINARY (EIN 64-0428676)
- Tax period
- 2015-06-01 to 2016-05-31
- Filed
- 2017-03-29
- IRS object ID
- 201740889349300324
- Schema version
- 2015v3.0
- 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 | 2017-03-29T13:01:16-05:00 | ReturnTs |
| Tax Period End | 2016-05-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BKD LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 190 E Capitol Street Ste 500 | AddressLine1Txt |
| City | Jackson | CityNm |
| State Abbreviation | MS | StateAbbreviationCd |
| ZIP | 392012190 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2015-06-01 | 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) |
|---|---|---|
| In Care Of | % E BRADLEY TISDALE | InCareOfNm |
| 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 | 2017-03-31 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Mary F Overstreet CPA | PreparerPersonNm |
| PTIN | P01270094 | PTIN |
| Phone | 6019486700 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | 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 | $49,107,772 | GrossReceiptsAmt |
| Group Return For Affiliates | false | 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 who serve with "A mind for truth and a heart for god" through a program of graduate theological education. | ActivityOrMissionDesc |
| Voting Members Governing Body | 16 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 15 | VotingMembersIndependentCnt |
| Total Employee | 347 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $40,003 | TotalGrossUBIAmt |
| PY Contributions Grants | $6,779,137 | PYContributionsGrantsAmt |
| CY Contributions Grants | $21,326,698 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $8,896,757 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $9,565,304 | CYProgramServiceRevenueAmt |
| PY Investment Income | $3,199,559 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,315,745 | CYInvestmentIncomeAmt |
| PY Other Revenue | $232,464 | PYOtherRevenueAmt |
| CY Other Revenue | $518,902 | CYOtherRevenueAmt |
| PY Total Revenue | $19,107,917 | PYTotalRevenueAmt |
| CY Total Revenue | $32,726,649 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $3,323,125 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $3,498,219 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $9,775,346 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $10,091,190 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $123,600 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $186,384 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,512,105 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $5,797,105 | PYOtherExpensesAmt |
| CY Other Expenses | $5,802,248 | CYOtherExpensesAmt |
| PY Total Expenses | $19,019,176 | PYTotalExpensesAmt |
| CY Total Expenses | $19,578,041 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $88,741 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $13,148,608 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $84,737,637 | TotalAssetsBOYAmt |
| Total Assets EOY | $94,060,844 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $3,047,589 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $3,137,522 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $81,690,048 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $90,923,322 | NetAssetsOrFundBalancesEOYAmt |
| 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. RTS 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 | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $14,599,393 | ExpenseAmt |
| Grant | $3,498,219 | GrantAmt |
| Revenue | $10,186,475 | RevenueAmt |
| Desc | The seminary serves approximately 1,800 students through campuses in Jackson, MS, Orlando, FL, Charlotte, NC, Metro Washington, DC, Atlanta, GA, distance education programs, and extension sites in Memphis, TN, Houston, TX, New York, NY, and Sao Paulo, Brazil. Students are enrolled in the following academic degree programs: Master of Divinity, Master of Arts, Master of Arts in theological studies, Master of Arts in biblical studies, Master of Arts in Christian thought, Master of Arts in Counseling, Master of Arts in Marriage and Family Therapy and Counseling, Master of Arts in Christian Counseling, Master of Arts in Religion, Master of Theology, Doctor of Ministry, and Doctor of Philosophy. | Desc |
| Total Program Service Expenses | $14,599,393 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (true) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (true) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (true) | SchoolOperatingInd |
| Foreign Office | Yes (true) | ForeignOfficeInd |
| Foreign Activities | Yes (true) | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | Yes (true) | MoreThan5000KToIndividualsInd |
| Professional Fundraising | Yes (true) | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (true) | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | Yes (true) | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | Yes (true) | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (true) | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (true) | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | Yes (true) | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (true) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (true) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 187 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 347 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 16 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 15 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (true) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | Yes (true) | LocalChaptersInd |
| Policies Reference Chapters | Yes (true) | PoliciesReferenceChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | E BRADLEY TISDALE | PersonNm |
| 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 (28 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| B F Bracy | ||||||||
| Trustee | 1.0 | 1.0 | Yes (X) | $0 | $0 | $0 | ||
| John A Crawford | ||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Collie W Lehn | ||||||||
| Trustee | 1.0 | 1.0 | Yes (X) | $0 | $0 | $0 | ||
| David Lucas | ||||||||
| Trustee | 1.0 | 1.0 | Yes (X) | $0 | $0 | $0 | ||
| J Scott Redd Sr | ||||||||
| Trustee - Vice Chairman | 1.0 | 1.0 | Yes (X) | $0 | $0 | $0 | ||
| James L Moore | ||||||||
| Trustee | 1.0 | 1.0 | Yes (X) | $0 | $0 | $0 | ||
| Roderick Russ III | ||||||||
| Trustee - Secretary | 1.0 | 1.0 | Yes (X) | $0 | $0 | $0 | ||
| Larry W Edwards | ||||||||
| Trustee | 1.0 | 1.0 | Yes (X) | $0 | $0 | $0 | ||
| Richard L Ridgway | ||||||||
| Trustee - Chairman | 1.0 | 1.0 | Yes (X) | $0 | $0 | $0 | ||
| James M Seneff Jr | ||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| George R Fair | ||||||||
| Trustee | 1.0 | 1.0 | Yes (X) | $0 | $0 | $0 | ||
| William M Mounger II | ||||||||
| Trustee | 1.0 | 1.0 | Yes (X) | $0 | $0 | $0 | ||
| Paul A Hurst III | ||||||||
| Trustee | 1.0 | 1.0 | Yes (X) | $0 | $0 | $0 | ||
| Hu Meena | ||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Scott Maclellan | ||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Warren Williamson | ||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| E Bradley Tisdale | ||||||||
| COFO | 50.0 | 1.0 | $119,063 | $0 | $30,134 | Yes (X) | ||
| M Steve Wallace | ||||||||
| Exec Director- NYC | 50.0 | 0.0 | $135,566 | $0 | $26,041 | Yes (X) | ||
| Lynwood C Perez | ||||||||
| Chief Advancement Officer | 50.0 | 1.0 | $121,351 | $0 | $13,080 | Yes (X) | ||
| Robert J Cara | ||||||||
| Provost & CAO | 50.0 | 0.0 | $127,348 | $0 | $26,947 | Yes (X) | ||
| Guy L Richardson | ||||||||
| President - Jackson | 50.0 | 0.0 | $55,072 | $0 | $97,770 | Yes (X) | ||
| John Sowell | ||||||||
| President - Atlanta | 50.0 | 0.0 | $107,001 | $0 | $29,901 | Yes (X) | ||
| Donald W Sweeting | ||||||||
| President - Orlando | 50.0 | 0.0 | $95,204 | $0 | $76,300 | Yes (X) | ||
| John S Redd Jr | ||||||||
| President - Washington | 50.0 | 0.0 | $122,352 | $0 | $24,335 | Yes (X) | ||
| Michael J Kruger | ||||||||
| President - Charlotte | 50.0 | 0.0 | $118,951 | $0 | $25,408 | Yes (X) | ||
| J Ligon Duncan III | ||||||||
| Chancellor/CEO | 50.0 | 1.0 | $273,163 | $0 | $39,052 | Yes (X) | ||
| Mark D Futato | ||||||||
| Professor | 40.0 | 0.0 | $112,833 | $0 | $24,679 | Yes (X) | ||
| Scott R Swain | ||||||||
| Professor | 40.0 | 0.0 | $102,629 | $0 | $26,469 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,490,533 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $440,116 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 10 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (4 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Securitas Security Services USA | |||||
| 12672 Collections Center Dr | CHICAGO | IL | 60893 | Security | $172,245 |
| Sea Island Acquisition LLC | |||||
| PO Box 30861 | SEA ISLAND | GA | 315610861 | Hospitality | $216,338 |
| Rusty OTTS Construction LLC | |||||
| 1293 Old Fanin Rd | BRANDON | MS | 39047 | Construction | $108,445 |
| Grant 1651 Old Meadow Road LLC | |||||
| PO Box 6121 | HICKSVILLE | NY | 118026121 | Leasing Office Space | $173,745 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 4 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $939,914 | FundraisingAmt |
| Related Organizations | $45,254 | RelatedOrganizationsAmt |
| All Other Contributions | $20,341,530 | AllOtherContributionsAmt |
| Noncash Contributions | $6,407,757 | NoncashContributionsAmt |
| Total Contributions | $21,326,698 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | TUITION AND FEES | Desc |
| Business | 611600 | BusinessCd |
| Total Revenue Column | $9,565,304 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $9,565,304 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $9,565,304 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $484,058 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $40,003 | UnrelatedBusinessRevenueAmt |
| Exclusion | $444,055 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $1,276,559 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $609,071 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $667,488 | RealAmt |
| Personal | $0 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $667,488 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $485,850 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $181,638 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $15,834,766 | SecuritiesAmt |
| Other | $272,110 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $15,250,189 | SecuritiesAmt |
| Other | $25,000 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $584,577 | SecuritiesAmt |
| Other | $247,110 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $831,687 | TotalRevenueColumnAmt |
| Exclusion | $831,687 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Direct Expenses | $207,555 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$207,555 | TotalRevenueColumnAmt |
| Exclusion | -$207,555 | ExclusionAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $212,956 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $289,308 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$76,352 | TotalRevenueColumnAmt |
| Exclusion | -$76,352 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| COUNSELING INCOME | 900099 | $71,177 | $71,177 |
| FINANCE CHARGES | 900099 | $37,168 | $37,168 |
| COPY INCOME | 900099 | $3,651 | $3,651 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $23,325 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $23,325 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $135,321 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $32,726,649 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $10,186,475 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $40,003 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,173,473 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,085 | TotalAmt |
| Program Services | $15,085 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,470,744 | TotalAmt |
| Program Services | $3,470,744 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,390 | TotalAmt |
| Program Services | $12,390 | ProgramServicesAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,713,494 | TotalAmt |
| Program Services | $389,841 | ProgramServicesAmt |
| Management And General | $761,158 | ManagementAndGeneralAmt |
| Fundraising | $562,495 | FundraisingAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,515,121 | TotalAmt |
| Program Services | $5,370,670 | ProgramServicesAmt |
| Management And General | $763,903 | ManagementAndGeneralAmt |
| Fundraising | $380,548 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $515,762 | TotalAmt |
| Program Services | $369,849 | ProgramServicesAmt |
| Management And General | $133,064 | ManagementAndGeneralAmt |
| Fundraising | $12,849 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $847,883 | TotalAmt |
| Program Services | $672,423 | ProgramServicesAmt |
| Management And General | $139,524 | ManagementAndGeneralAmt |
| Fundraising | $35,936 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $498,930 | TotalAmt |
| Program Services | $336,865 | ProgramServicesAmt |
| Management And General | $135,221 | ManagementAndGeneralAmt |
| Fundraising | $26,844 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $26,236 | TotalAmt |
| Management And General | $17,952 | ManagementAndGeneralAmt |
| Fundraising | $8,284 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $67,070 | TotalAmt |
| Management And General | $67,070 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $186,384 | TotalAmt |
| Fundraising | $186,384 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $185,800 | TotalAmt |
| Management And General | $185,800 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $636,057 | TotalAmt |
| Program Services | $560,031 | ProgramServicesAmt |
| Management And General | $66,418 | ManagementAndGeneralAmt |
| Fundraising | $9,608 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $124,828 | TotalAmt |
| Program Services | $4,280 | ProgramServicesAmt |
| Management And General | $120,548 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $571,618 | TotalAmt |
| Program Services | $270,030 | ProgramServicesAmt |
| Management And General | $187,590 | ManagementAndGeneralAmt |
| Fundraising | $113,998 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $426,710 | TotalAmt |
| Program Services | $326,100 | ProgramServicesAmt |
| Management And General | $100,599 | ManagementAndGeneralAmt |
| Fundraising | $11 | FundraisingAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $796,207 | TotalAmt |
| Program Services | $671,366 | ProgramServicesAmt |
| Management And General | $124,841 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $476,400 | TotalAmt |
| Program Services | $323,004 | ProgramServicesAmt |
| Management And General | $112,522 | ManagementAndGeneralAmt |
| Fundraising | $40,874 | FundraisingAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $178,335 | TotalAmt |
| Program Services | $78,869 | ProgramServicesAmt |
| Management And General | $49,460 | ManagementAndGeneralAmt |
| Fundraising | $50,006 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $26,770 | TotalAmt |
| Fundraising | $26,770 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,302,406 | TotalAmt |
| Program Services | $1,060,568 | ProgramServicesAmt |
| Management And General | $241,838 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $146,483 | TotalAmt |
| Program Services | $115,914 | ProgramServicesAmt |
| Management And General | $30,569 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| SECURITY | $141,404 | $131,931 | $9,473 | |
| STUDENT ACTIVITIES | $71,557 | $71,557 | ||
| VISA PROCESSING | $85,571 | $80,454 | $5,117 | |
| UNRELATED BUSINESS INC TAX | $18,395 | $18,395 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $520,401 | TotalAmt |
| Program Services | $347,876 | ProgramServicesAmt |
| Management And General | $120,144 | ManagementAndGeneralAmt |
| Fundraising | $52,381 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,578,041 | TotalAmt |
| Program Services | $14,599,393 | ProgramServicesAmt |
| Management And General | $3,466,543 | ManagementAndGeneralAmt |
| Fundraising | $1,512,105 | FundraisingAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part X | Yes (X) | InfoInScheduleOPartXInd |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,115,828 | BOYAmt |
| EOY | $2,283,428 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $111,361 | BOYAmt |
| EOY | $114,040 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $66,309 | BOYAmt |
| EOY | $8,510,942 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $219,868 | BOYAmt |
| EOY | $265,120 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,875 | BOYAmt |
| EOY | $12,375 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $62,600 | BOYAmt |
| EOY | $56,350 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $124,794 | BOYAmt |
| EOY | $127,262 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $204,696 | BOYAmt |
| EOY | $130,587 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $52,799,774 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $30,739,232 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,759,030 | BOYAmt |
| EOY | $22,060,542 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $32,500,349 | BOYAmt |
| EOY | $32,123,130 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,210,793 | BOYAmt |
| EOY | $26,154,345 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,333,134 | BOYAmt |
| EOY | $2,222,723 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $84,737,637 | BOYAmt |
| EOY | $94,060,844 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $769,461 | BOYAmt |
| EOY | $865,737 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $817,709 | BOYAmt |
| EOY | $938,871 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,460,419 | BOYAmt |
| EOY | $1,332,914 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,047,589 | BOYAmt |
| EOY | $3,137,522 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $48,306,952 | BOYAmt |
| EOY | $42,348,891 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,689,974 | BOYAmt |
| EOY | $46,939,256 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,693,122 | BOYAmt |
| EOY | $1,635,175 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $81,690,048 | BOYAmt |
| EOY | $90,923,322 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $84,737,637 | BOYAmt |
| EOY | $94,060,844 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $13,148,608 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$3,778,127 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$137,207 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | 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 (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amounts | ArtPublicExhibitionAmountsGrp | |
| Held Works Art | HeldWorksArtGrp |
CY Endwmt Fund CYEndwmtFundGrp
| 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 Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| 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 Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| 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 |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $46,746,077 | BeginningYearBalanceAmt |
| Contributions | $1,946,639 | ContributionsAmt |
| Investment Earnings Or Losses | -$15,480 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $15,000 | GrantsOrScholarshipsAmt |
| Other Expenditures | $213,180 | OtherExpendituresAmt |
| Administrative Expenses | $3,596 | AdministrativeExpensesAmt |
| End Year Balance | $48,445,460 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $45,527,555 | BeginningYearBalanceAmt |
| Contributions | $3,267,747 | ContributionsAmt |
| Investment Earnings Or Losses | $32,737 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $18,500 | GrantsOrScholarshipsAmt |
| Other Expenditures | $2,060,000 | OtherExpendituresAmt |
| Administrative Expenses | $3,462 | AdministrativeExpensesAmt |
| End Year Balance | $46,746,077 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.36000 | BoardDesignatedBalanceEOYPct |
| Term Endowment Balance EOY | 0.64000 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | false | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | Yes (true) | EndowmentsHeldRelatedOrgInd |
| Related Org List Sch R | Yes (true) | RelatedOrgListSchRInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $6,821,051 | OtherCostOrOtherBasisAmt |
| Book Value | $6,821,051 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $30,007,050 | OtherCostOrOtherBasisAmt |
| Depreciation | $17,096,549 | DepreciationAmt |
| Book Value | $12,910,501 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $8,393 | OtherCostOrOtherBasisAmt |
| Depreciation | $6,295 | DepreciationAmt |
| Book Value | $2,098 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $12,265,553 | OtherCostOrOtherBasisAmt |
| Depreciation | $10,700,003 | DepreciationAmt |
| Book Value | $1,565,550 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,697,727 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,936,385 | DepreciationAmt |
| Book Value | $761,342 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $22,060,542 | TotalBookValueLandBuildingsAmt |
| Financial Derivatives | FinancialDerivativesGrp | |
| Closely Held Equity Interests | CloselyHeldEquityInterestsGrp |
Other Securities OtherSecuritiesGrp (7 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| HEDGE FUND - FUND OF FUNDS | $10,390,808 | F |
| EQUITY - INTERNATIONAL | $5,056,006 | F |
| EQUITY - DOMESTIC | $3,049,887 | F |
| PRIVATE EQUITY | $3,292,345 | F |
| FIXED INCOME - INTERNATIONAL | $965,869 | F |
| NON-PUBLIC ST-BCC BANKSHARES | $3,900 | C |
| PUBLIC REAL ASSETS | $3,395,530 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $26,154,345 | TotalBookValueSecuritiesAmt |
| Federal Income Tax Liability | $0 | FederalIncomeTaxLiabilityAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| ANNUITY OBLIGATIONS | $1,272,860 |
| STUDENT HOUSING DEPOSITS | $60,054 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,332,914 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $26,248,315 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$3,778,127 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$3,806,141 | OtherRevenueAmt |
| Revenue Not Reported | -$7,584,268 | RevenueNotReportedAmt |
| Revenue Subtotal | $33,832,583 | RevenueSubtotalAmt |
| Other Revenues Not Included | -$1,105,934 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | -$1,105,934 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $32,726,649 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $17,015,041 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $1,105,934 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $1,105,934 | ExpensesNotReportedAmt |
| Expenses Subtotal | $15,909,107 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $3,668,934 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $3,668,934 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $19,578,041 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 statements of activities. As of May 31, 2016 and 2015, 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 ($185,800) Change in Beneficial Interest in Trusts ($137,207) Reclass Scholarships ($3,483,134) |
| Part XI, Line 4b: | Other Adjustments: Reclass Cost of Sales ($289,308) Reclass Rental Expenses ($609,071) Reclass Fundraising Event Expenses ($207,555) |
| Part XII, Line 2d: | Other Adjustments: Reclass Cost of Sales $289,308 Reclass Rental Expenses $609,071 Reclass Fundraising Expenses $207,055 |
| Part XII, Line 4b: | Other Adjustments: Reclass Scholarships $3,483,134 Investment Management Fees $185,800 |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (true) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (true) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (true) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (true) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (true) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (true) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (true) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | false | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | false | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | false | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | false | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | false | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | false | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (true) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | false | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (true) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part I, Line 3: | The Seminary's nondiscrimination policy is communicated to the general community through its official website (www.rts.edu) and catalog. |
| Part I, Line 6a: | The Seminary received payments from the Department of Veterans Affairs (GI Bill and Post 9/11 Veteran Education Funding)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 (true) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (8 entries)
| RegionRegionTxt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Region Total ExpendituresRegionTotalExpendituresAmt | Specific Services ProvidedSpecificServicesProvidedTxt | OfficesOfficesCnt | EmployeeEmployeeCnt |
|---|---|---|---|---|---|
| Central America and the Caribbean | Investments | $3,011,781 | |||
| Europe (Including Iceland and Greenland) | Grantmaking | $3,681 | Scholarships | ||
| Russia and the Newly Independent States | Grantmaking | $2,138 | Scholarships | ||
| South Asia | Grantmaking | $1,425 | Scholarships | ||
| North America | Grantmaking | $2,533 | Scholarships | ||
| East Asia and the Pacific | Grantmaking | $2,612 | Scholarships | ||
| South America | Program Services | $14,886 | Instructional | 1 | 1 |
| North America | Program Services | $113 | Recruiting |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 1 | SubtotalOfficesCnt |
| Subtotal Employees | 1 | SubtotalEmployeesCnt |
| Total Office | 1 | TotalOfficeCnt |
| Total Employee | 1 | TotalEmployeeCnt |
| Subtotal Spent | $3,039,169 | SubtotalSpentAmt |
| Total Spent | $3,039,169 | TotalSpentAmt |
Foreign Individuals Grants ForeignIndividualsGrantsGrp (5 entries)
| Type Of AssistanceTypeOfAssistanceTxt | RegionRegionTxt | RecipientRecipientCnt | Non Cash AssistanceNonCashAssistanceAmt | Description Of Non Cash AsstDescriptionOfNonCashAsstTxt | Valuation Method UsedValuationMethodUsedDesc |
|---|---|---|---|---|---|
| Scholarships | Europe (Including Iceland and Greenland) | 4 | $3,681 | Scholarships | FMV |
| Scholarships | Russia and the Newly Independent States | 1 | $2,138 | Scholarships | FMV |
| Scholarships | South Asia | 1 | $1,425 | Scholarships | FMV |
| Scholarships | North America | 3 | $2,533 | Scholarships | FMV |
| Scholarships | East Asia and the Pacific | 3 | $2,612 | Scholarships | FMV |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | Yes (true) | TransferToForeignCorpInd |
| Interest In Foreign Trust | false | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (true) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (true) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | false | ForeignPartnershipInd |
| Boycott Countries | false | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part I, Line 2: | Records are maintained showing scholarship awards to specific individuals who live in regions outside of the United States. |
| Part I, Line 3: | The seminary owns an interest in three 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, and Drake Capital Offshore Partners LP. The FMV of these investments as of 5/31/16 was $3,011,781 ($707,835, $101,611, and $2,202,335 respectively). |
| Part IV, Line 1: | The Seminary indirectly transferred property to foreign corporations through its investment in domestic partnerships. Other than the indirect transfers to foreign corporations by AG Realty Fund IX, LP, the amount of indirect transfers of property were below the reporting threshold requiring the filing of Form 926. The Seminary is filing Form 926 for the indirect transfers to AG Realty IX Investments, LP made by AG Realty Fund IX, LP. The Seminary directly transferred cash to Davidson Kempner Long-Term Distressed Opportunities International II & III during its fiscal year ended 5/31/2016. Direct transfers to these corporations were below $100,000 and did not result in a 10% ownership, therefore, form 926 is not being filed for these transfers. |
| Part IV, Line 3: | The filing requirements of Form 5471 were not met by the Seminary during the fiscal year ended 5/31/16 for its ownership in a foreign corporation. Therefore, Form 5471 was not filed by the Seminary. |
| Part IV, Line 4: | The Seminary was an indirect shareholder of a passive foreign investment company or a qualified electing fund during the tax year. As a partner that has invested in a U.S. partnership that has made the QEF election and filed Form 8621, no additional Form 8621 reporting is required by the Seminary. In addition, since the Seminary is an organization exempt under Code Section 501(a) and the income from the partnership is not taxable to the Seminary, a Form 8621 is not required. |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | Yes (X) | MailSolicitationsInd |
| Email Solicitations | Yes (X) | EmailSolicitationsInd |
| Phone Solicitations | Yes (X) | PhoneSolicitationsInd |
| In Person Solicitations | Yes (X) | InPersonSolicitationsInd |
| Solicitation Of Non Govt Grants | Yes (X) | SolicitationOfNonGovtGrantsInd |
| Special Fundraising Events | Yes (X) | SpecialFundraisingEventsInd |
| Agrmt Prof Fundraising Acty | Yes (true) | AgrmtProfFundraisingActyInd |
Fundraiser Activity Info FundraiserActivityInfoGrp (4 entries)
| ActivityActivityTxt | Fundraiser Control Of FundsFundraiserControlOfFundsInd | Gross ReceiptsGrossReceiptsAmt | Retained By ContractorRetainedByContractorAmt | Net To OrganizationNetToOrganizationAmt | Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd |
|---|---|---|---|---|---|---|---|---|
| Westfall Group | ||||||||
| Consulting | false | $939,914 | $32,530 | $907,384 | ||||
| Westfall Gold | ||||||||
| Creative Costs | false | $118,952 | -$118,952 | |||||
| Westfall Productions | ||||||||
| Audio/ Visual | false | $31,135 | -$31,135 | |||||
| Westfall Speakers | ||||||||
| Speaker Fees | false | $39,746 | -$39,746 | 1300 Peachtree Industrial Blvd | Suwannee | GA | 30024 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Gross Receipts | $939,914 | TotalGrossReceiptsAmt |
| Total Retained By Contractors | $222,363 | TotalRetainedByContractorsAmt |
| Total Net To Organization | $717,551 | TotalNetToOrganizationAmt |
| Licensed States | AK | LicensedStatesCd |
| Licensed States | CO | LicensedStatesCd |
| Licensed States | DC | LicensedStatesCd |
| Licensed States | KY | LicensedStatesCd |
| Licensed States | MD | LicensedStatesCd |
| Licensed States | MA | LicensedStatesCd |
| Licensed States | MI | LicensedStatesCd |
| Licensed States | NH | LicensedStatesCd |
| Licensed States | NJ | LicensedStatesCd |
| Licensed States | NY | LicensedStatesCd |
| Licensed States | OH | LicensedStatesCd |
| Licensed States | OK | LicensedStatesCd |
| Licensed States | OR | LicensedStatesCd |
| Licensed States | SC | LicensedStatesCd |
| Licensed States | WA | LicensedStatesCd |
| Licensed States | WI | LicensedStatesCd |
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | Boca Raton | Event1Nm |
| Gross Receipts Event1 | $301,733 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $301,733 | CharitableContriEvent1Amt |
| Rent Facility Costs Event1 | $73,648 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $113,975 | FoodAndBeverageEvent1Amt |
| Entertainment Event1 | $5,000 | EntertainmentEvent1Amt |
| Other Direct Expenses Event1 | $14,932 | OtherDirectExpensesEvent1Amt |
| Event2 | Donor Weekend | Event2Nm |
| Gross Receipts Event2 | $638,181 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $638,181 | CharitableContriEvent2Amt |
| Other Events Total | 0 | OtherEventsTotalCnt |
| Gross Receipts Total | $939,914 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $939,914 | CharitableContributionsTotAmt |
| Rent Fclty Costs Total Events | $73,648 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $113,975 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $5,000 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $14,932 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $207,555 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$207,555 | NetIncomeSummaryAmt |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part I, Line 2b 1(v): | Westfall Group was paid $30,000 in consulting fees and $2,530 in travel expenses - total payments were $32,530. |
| Part I, Line 2b 2(v): | Westfall Gold was paid $92,250 in production fees and $13,534 in printing and postage and $13,168 in travel expenses - total payments were $118,952. |
| Part I, Line 2B 3(v): | Westfall Productions was paid $31,135 in audio/visual fees. |
| Part I, Line 3, Exempt State Registration List: | AL, AR, CA, CT, FL, GA, HI, IL, KS, ME, MN, MS, NM, NC, ND, PA, RI, TN, UT, VA, WV |
| Part 1, Line 2B 4(v): | Westfall Speakers was paid $33,000 in speaker/entertainment fees and $6,746 in travel expenses - total payments were $39,746. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | First Presbyterian Church | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1390 North State St | AddressLine1Txt |
| City | Jackson | CityNm |
| State Abbreviation | MS | StateAbbreviationCd |
| ZIP | 39202 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 640334266 | RecipientEIN |
| IRC Section | 501(c)(3) | IRCSectionDesc |
| Cash Grant | $5,085 | CashGrantAmt |
| Purpose Of Grant | Support for Ministry | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | Scholarships | GrantTypeTxt |
| Recipient | 1279 | RecipientCnt |
| Non Cash Assistance | $3,470,744 | NonCashAssistanceAmt |
| Valuation Method Used | FMV | ValuationMethodUsedDesc |
| Non Cash Assistance | Scholarships | NonCashAssistanceDesc |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part I, Line 2: | Senior management recommends to the Executive Committee grants to other organizations for approval. |
| Part III: | Scholarship assistance is approved and monitored for individuals through campus scholarship committees. |
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 | false | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (5 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| M Steve Wallace | ||||||||||||||
| Exec Director- NYC | $67,646 | $0 | $250 | $0 | $67,670 | $0 | $8,885 | $0 | $17,156 | $0 | $161,607 | $0 | $0 | $0 |
| Robert J Cara | ||||||||||||||
| Provost & CAO | $105,698 | $0 | $250 | $0 | $21,400 | $0 | $10,991 | $0 | $15,956 | $0 | $154,295 | $0 | $0 | $0 |
| Guy L Richardson | ||||||||||||||
| President - Jackson | $54,822 | $0 | $250 | $0 | $0 | $0 | $32,358 | $0 | $65,412 | $0 | $152,842 | $0 | $0 | $0 |
| Donald W Sweeting | ||||||||||||||
| President - Orlando | $94,954 | $0 | $250 | $0 | $0 | $0 | $12,844 | $0 | $63,456 | $0 | $171,504 | $0 | $0 | $0 |
| J Ligon Duncan III | ||||||||||||||
| Chancellor/CEO | $212,913 | $0 | $250 | $0 | $60,000 | $0 | $21,896 | $0 | $17,156 | $0 | $312,215 | $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: 8 officers and 1 trustee. Housing Allowances - Housing allowances are annually reviewed and approved by the Executive Committee of the seminary. Two officers are ministerial employees which received nontaxable housing allowances. 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 and pet sitting expense of another officer while the officers and their wives were traveling on official seminary business. The circumstance occurs on an infrequent basis. |
| Part I, Line 1b: | While the seminary has written policies concerning "Travel for companions"housing allowances" it does not have a written policy for "personal services," as this circumstance occurs very infrequently. |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | M Steve Wallace | PersonNm |
| Relationship With Org | Exec Director NYC | RelationshipWithOrgTxt |
| Loan Purpose | See Part V | LoanPurposeTxt |
| Loan From Organization | Yes (X) | LoanFromOrganizationInd |
| Original Principal | $55,000 | OriginalPrincipalAmt |
| Balance Due | $12,375 | BalanceDueAmt |
| Default | false | DefaultInd |
| Board Or Committee Approval | Yes (true) | BoardOrCommitteeApprovalInd |
| Written Agreement | Yes (true) | WrittenAgreementInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $12,375 | TotalBalanceDueAmt |
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | John S Redd Jr | PersonNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | See Part V | RelationshipDescriptionTxt |
| Transaction | $155,404 | TransactionAmt |
| Transaction | See Part V | TransactionDesc |
| Sharing Of Revenues | false | SharingOfRevenuesInd |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part II, Line (1), Column (c): | Purpose of loan: Assistance with relocation of residence for the benefit of the organization. |
| Part IV, Line (1), Column (b): | Relationship between interested person and the organization: Son of J. Scott Redd, Sr., board member. |
| Part IV, Line (1), Column (d): | Description of transaction: Compensation was paid to a family member of a board member in excess of $10,000. |
Schedule M IRS990ScheduleM
| Field | Value | IRS element (for citing) |
|---|---|---|
| Works Of Art | WorksOfArtGrp | |
| Art Historical Treasures | ArtHistoricalTreasuresGrp | |
| Art Fractional Interest | ArtFractionalInterestGrp | |
| Books And Publications | BooksAndPublicationsGrp | |
| Clothing And Household Goods | ClothingAndHouseholdGoodsGrp | |
| Cars And Other Vehicles | CarsAndOtherVehiclesGrp | |
| Boats And Planes | BoatsAndPlanesGrp | |
| Intellectual Property | IntellectualPropertyGrp |
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 23 | ContributionCnt |
| Noncash Contributions Rpt F990 | $6,407,757 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV at time of gift | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities Closely Held Stock | SecuritiesCloselyHeldStockGrp | |
| Secur Prtnrshp Trust Intrsts | SecurPrtnrshpTrustIntrstsGrp | |
| Securities Miscellaneous | SecuritiesMiscellaneousGrp | |
| Qualified Contrib Hist Struct | QualifiedContribHistStructGrp | |
| Qualified Contrib Other | QualifiedContribOtherGrp | |
| Real Estate Residential | RealEstateResidentialGrp | |
| Real Estate Commercial | RealEstateCommercialGrp | |
| Real Estate Other | RealEstateOtherGrp | |
| Collectibles | CollectiblesGrp | |
| Food Inventory | FoodInventoryGrp | |
| Drugs And Medical Supplies | DrugsAndMedicalSuppliesGrp | |
| Taxidermy | TaxidermyGrp | |
| Historical Artifacts | HistoricalArtifactsGrp | |
| Scientific Specimens | ScientificSpecimensGrp | |
| Archaeological Artifacts | ArchaeologicalArtifactsGrp | |
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (true) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | Yes (true) | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 32b: | FormAndLineReferenceDesc |
| Explanation | The Seminary uses third-party realtors to market and sell donated land. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Page 6, Part VI, Section A, Line 2: | Trustee, J. Scott Redd, Sr., and Officer, John S. Redd, Jr., have a family relationship. |
| Page 6, 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. |
| Page 6, 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. |
| Page 6, Part VI, Section B, Line 15 a&b: | 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. |
| Page 6, 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. |
| Page 7, Part VII, Section A: | Officers Donald Sweeting and Guy Richardson are ministerial employees exempt from FICA tax. Therefore, Box 5 of their Forms W-2 are 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 employees 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 individuals 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. |
| Page 12, Part XI, Line 9: | Change in Beneficial interests in trusts ($137,207) |
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 | Rental Real | PrimaryActivitiesTxt |
| Legal Domicile State | FL | LegalDomicileStateCd |
| Total Income | $1,338 | TotalIncomeAmt |
| End Of Year Assets | $955,915 | 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) | 11a Type I | RTS | Yes (true) |
| Reformed Theological Seminary of Florida | ||||||||||
| 1231 Reformation Drive | Oviedo | FL | 32765 | 421647628 | Theological | FL | 501(c)(3) | 11a Type 1 | RTS | Yes (true) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (true) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (true) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (true) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (true) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (true) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
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