2017-03-29T13:01:16-05:00 2016-05-31 BKD LLP 190 E Capitol Street Ste 500 Jackson MS 392012190 990 2015-06-01 640428676 Reformed Theological Seminary % E BRADLEY TISDALE REFO 6019231600 5422 Clinton Boulevard Jackson MS 39209 E BRADLEY TISDALE COFO 6019231600 2017-03-31 true Mary F Overstreet CPA P01270094 6019486700 2015 2021-01-29 14:40:06Z J Ligon Duncan III 5422 Clinton Boulevard Jackson MS 39209 49107772 false X www.rts.edu X 1964 MS 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. 16 15 347 0 40003 6779137 21326698 8896757 9565304 3199559 1315745 232464 518902 19107917 32726649 3323125 3498219 0 0 9775346 10091190 123600 186384 1512105 5797105 5802248 19019176 19578041 88741 13148608 84737637 94060844 3047589 3137522 81690048 90923322 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." false false 14599393 3498219 10186475 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. 14599393 true true false false false false false false false true true true false false true true false true true true true false true true true false false true true true false false false true false true true false true false false false true true true true false false true 187 0 true 347 true true true false false false false false false false false false X 16 15 true false false false false false false true true false true true true true true true true true true true false AK CO DC KY MD MA MI NH NJ NY OH OK OR SC WA WI X E BRADLEY TISDALE 6019231600 5422 CLINTON BOULEVARD Jackson MS 39209 X B F Bracy Trustee 1.0 1.0 X 0 0 0 John A Crawford Trustee 1.0 0.0 X 0 0 0 Collie W Lehn Trustee 1.0 1.0 X 0 0 0 David Lucas Trustee 1.0 1.0 X 0 0 0 J Scott Redd Sr Trustee - Vice Chairman 1.0 1.0 X 0 0 0 James L Moore Trustee 1.0 1.0 X 0 0 0 Roderick Russ III Trustee - Secretary 1.0 1.0 X 0 0 0 Larry W Edwards Trustee 1.0 1.0 X 0 0 0 Richard L Ridgway Trustee - Chairman 1.0 1.0 X 0 0 0 James M Seneff Jr Trustee 1.0 0.0 X 0 0 0 George R Fair Trustee 1.0 1.0 X 0 0 0 William M Mounger II Trustee 1.0 1.0 X 0 0 0 Paul A Hurst III Trustee 1.0 1.0 X 0 0 0 Hu Meena Trustee 1.0 0.0 X 0 0 0 Scott Maclellan Trustee 1.0 0.0 X 0 0 0 Warren Williamson Trustee 1.0 0.0 X 0 0 0 E Bradley Tisdale COFO 50.0 1.0 X 119063 0 30134 M Steve Wallace Exec Director- NYC 50.0 0.0 X 135566 0 26041 Lynwood C Perez Chief Advancement Officer 50.0 1.0 X 121351 0 13080 Robert J Cara Provost & CAO 50.0 0.0 X 127348 0 26947 Guy L Richardson President - Jackson 50.0 0.0 X 55072 0 97770 John Sowell President - Atlanta 50.0 0.0 X 107001 0 29901 Donald W Sweeting President - Orlando 50.0 0.0 X 95204 0 76300 John S Redd Jr President - Washington 50.0 0.0 X 122352 0 24335 Michael J Kruger President - Charlotte 50.0 0.0 X 118951 0 25408 J Ligon Duncan III Chancellor/CEO 50.0 1.0 X 273163 0 39052 Mark D Futato Professor 40.0 0.0 X 112833 0 24679 Scott R Swain Professor 40.0 0.0 X 102629 0 26469 1490533 0 440116 10 false true false Securitas Security Services USA 12672 Collections Center Dr CHICAGO IL 60893 Security 172245 Sea Island Acquisition LLC PO Box 30861 SEA ISLAND GA 315610861 Hospitality 216338 Rusty OTTS Construction LLC 1293 Old Fanin Rd BRANDON MS 39047 Construction 108445 Grant 1651 Old Meadow Road LLC PO Box 6121 HICKSVILLE NY 118026121 Leasing Office Space 173745 4 939914 45254 20341530 6407757 21326698 TUITION AND FEES 611600 9565304 9565304 9565304 484058 40003 444055 0 0 1276559 609071 667488 0 667488 485850 181638 15834766 272110 15250189 25000 584577 247110 831687 831687 207555 -207555 -207555 0 212956 289308 -76352 -76352 COUNSELING INCOME 900099 71177 71177 FINANCE CHARGES 900099 37168 37168 COPY INCOME 900099 3651 3651 23325 23325 135321 32726649 10186475 40003 1173473 15085 15085 3470744 3470744 12390 12390 0 1713494 389841 761158 562495 0 6515121 5370670 763903 380548 515762 369849 133064 12849 847883 672423 139524 35936 498930 336865 135221 26844 0 26236 17952 8284 67070 67070 0 186384 186384 185800 185800 636057 560031 66418 9608 124828 4280 120548 571618 270030 187590 113998 426710 326100 100599 11 0 796207 671366 124841 476400 323004 112522 40874 0 178335 78869 49460 50006 0 26770 26770 1302406 1060568 241838 146483 115914 30569 SECURITY 141404 131931 9473 STUDENT ACTIVITIES 71557 71557 VISA PROCESSING 85571 80454 5117 UNRELATED BUSINESS INC TAX 18395 18395 520401 347876 120144 52381 19578041 14599393 3466543 1512105 X 1115828 2283428 111361 114040 66309 8510942 219868 265120 28875 12375 0 0 62600 56350 124794 127262 204696 130587 52799774 30739232 22759030 22060542 32500349 32123130 25210793 26154345 0 0 0 0 2333134 2222723 84737637 94060844 769461 865737 0 0 817709 938871 0 0 0 0 0 0 0 0 0 0 1460419 1332914 3047589 3137522 X 48306952 42348891 31689974 46939256 1693122 1635175 81690048 90923322 84737637 94060844 X 13148608 -3778127 -137207 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 55893188 13125401 151163 4500 4665 69160587 48009900 7853597 42251 8000 4560 55893188 48445460 531176 50451 13000 1000000 4187 48009900 46746077 1946639 -15480 15000 213180 3596 48445460 45527555 3267747 32737 18500 2060000 3462 46746077 0.36000 0.64000 false true true 6821051 6821051 30007050 17096549 12910501 8393 6295 2098 12265553 10700003 1565550 3697727 2936385 761342 22060542 HEDGE FUND - FUND OF FUNDS 10390808 F EQUITY - INTERNATIONAL 5056006 F EQUITY - DOMESTIC 3049887 F PRIVATE EQUITY 3292345 F FIXED INCOME - INTERNATIONAL 965869 F NON-PUBLIC ST-BCC BANKSHARES 3900 C PUBLIC REAL ASSETS 3395530 F 26154345 0 ANNUITY OBLIGATIONS 1272860 STUDENT HOUSING DEPOSITS 60054 1332914 X 26248315 -3778127 -3806141 -7584268 33832583 -1105934 -1105934 32726649 17015041 1105934 1105934 15909107 3668934 3668934 19578041 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 true true true true true true true false false false false false false false false true false true 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. true Central America and the Caribbean Investments 3011781 Europe (Including Iceland and Greenland) Grantmaking Scholarships 3681 Russia and the Newly Independent States Grantmaking Scholarships 2138 South Asia Grantmaking Scholarships 1425 North America Grantmaking Scholarships 2533 East Asia and the Pacific Grantmaking Scholarships 2612 South America 1 1 Program Services Instructional 14886 North America Program Services Recruiting 113 1 1 1 1 3039169 3039169 Scholarships Europe (Including Iceland and Greenland) 4 3681 Scholarships FMV Scholarships Russia and the Newly Independent States 1 2138 Scholarships FMV Scholarships South Asia 1 1425 Scholarships FMV Scholarships North America 3 2533 Scholarships FMV Scholarships East Asia and the Pacific 3 2612 Scholarships FMV true false true true false false 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. X X X X X X true Westfall Group Consulting false 939914 32530 907384 Westfall Gold Creative Costs false 118952 -118952 Westfall Productions Audio/ Visual false 31135 -31135 Westfall Speakers 1300 Peachtree Industrial Blvd Suwannee GA 30024 Speaker Fees false 39746 -39746 939914 222363 717551 AK CO DC KY MD MA MI NH NJ NY OH OK OR SC WA WI Boca Raton 301733 301733 73648 113975 5000 14932 Donor Weekend 638181 638181 0 939914 939914 73648 113975 5000 14932 207555 -207555 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. true First Presbyterian Church 1390 North State St Jackson MS 39202 640334266 501(c)(3) 5085 Support for Ministry 1 Scholarships 1279 3470744 FMV Scholarships 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. X X X false true X false false false false false false false false false M Steve Wallace Exec Director- NYC 67646 0 250 0 67670 0 8885 0 17156 0 161607 0 0 0 Robert J Cara Provost & CAO 105698 0 250 0 21400 0 10991 0 15956 0 154295 0 0 0 Guy L Richardson President - Jackson 54822 0 250 0 0 0 32358 0 65412 0 152842 0 0 0 Donald W Sweeting President - Orlando 94954 0 250 0 0 0 12844 0 63456 0 171504 0 0 0 J Ligon Duncan III Chancellor/CEO 212913 0 250 0 60000 0 21896 0 17156 0 312215 0 0 0 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. M Steve Wallace Exec Director NYC See Part V X 55000 12375 false true true 12375 John S Redd Jr See Part V 155404 See Part V false 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. X 23 6407757 FMV at time of gift false true true Part I, Line 32b: The Seminary uses third-party realtors to market and sell donated land. 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) Reformed Properties LLC 1231 Reformation Drive Oviedo FL 32765 270679756 Rental Real FL 1338 955915 RTS RTS Foundation Inc 5422 Clinton Blvd Jackson MS 39209 640918136 Fundraising MS 501(c)(3) 11a Type I RTS true Reformed Theological Seminary of Florida 1231 Reformation Drive Oviedo FL 32765 421647628 Theological FL 501(c)(3) 11a Type 1 RTS true false false true false false false false false false false false true false true true true false false false