2016-05-16T15:50:12-05:00 2015-06-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 777 E WISCONSIN AVENUE FLOOR 32 MILWAUKEE WI 53202 990 2014-07-01 941186179 PACIFIC SCHOOL OF RELIGION PACI 5108480528 1798 SCENIC AVE BERKELEY CA 94709 DAVID VASQUES-LEVY PRESIDENT 5108498200 2016-05-15 1 TROY E MARINE CPA P00187863 4147775500 2016-05-15 2014 2016-08-17 19:52:53Z DAVID VASQUES-LEVY 1798 SCENIC AVE BERKELEY CA 94709 7014295 0 X WWW.PSR.EDU X 1866 CA THE PACIFIC SCHOOL OF RELIGION IS A MULTI-DENOMINATIONAL CHRISTIAN SEMINARY. IT IS COMMITTED TO SERVING GOD BY EQUIPPING HISTORIC AND EMERGING FAITH COMMUNITIES FOR MINISTRIES OF COMPASSION AND JUSTICE IN A CHANGING WORLD. IT HAS FORMAL RELATIONSHIPS WITH THREE DENOMINATIONS: THE UNITED CHURCH OF CHRIST, THE UNITED METHODIST CHURCH, AND THE CHRISTIAN CHURCH (DISCIPLES OF CHRIST). 18 17 218 19 0 0 667596 681064 4004170 3975917 1345759 2186178 174749 157814 6192274 7000973 1009721 978004 0 0 3677905 3944423 0 0 422919 3370179 3386930 8057805 8309357 -1865531 -1308384 45973403 43940784 2607236 3023817 43366167 40916967 X PACIFIC SCHOOL OF RELIGION IS COMMITTED TO SERVING GOD BY EQUIPPING HISTORIC AND EMERGING FAITH COMMUNITIES FOR MINISTRIES OF COMPASSION AND JUSTICE IN A CHANGING WORLD. WE AFFIRM OUR HISTORIC MISSION TO EDUCATE MEN AND WOMEN FOR MINISTRY AND OTHER FORMS OF RELIGIOUS LEADERSHIP AND TO BE A CENTER AND RESOURCE FOR CHRISTIAN THOUGHT IN AN INTERFAITH AND PLURALISTIC CONTEXT. WE AFFIRM OUR ECUMENICAL AND CHRISTIAN HERITAGE AND COMMITMENT AS AN OPEN AND AFFIRMING COMMUNITY THAT HONORS DIVERSITY AND PRESSES TOWARD RACIAL, GENDER, SEXUAL ORIENTATION, ECOLOGICAL, AND ECONOMIC JUSTICE. PSR'S COMMITMENTS FIND EXPRESSION IN INNOVATIVE PROGRAMS OF SCHOLARSHIP AND EDUCATION FOR CLERGY AND LAITY. STRONG FAITH COMMUNITIES REQUIRE AN INTEGRATION OF FAITH AND REASON, THEORY AND PRACTICE, PIETY AND CRITICAL INTELLECT, TRADITION AND CREATIVITY. WE SEEK TO EMBODY THESE VALUES AND DISCIPLINES IN OUR PROGRAMS AND OUR COMMON LIFE. 0 0 3508880 978004 2336634 INSTRUCTION: THE PACIFIC SCHOOL OF RELIGION OFFERS FOUR MASTERS DEGREES, EIGHT CERTIFICATES OF STUDY, AND A PROFESSIONAL DOCTORAL DEGREE IN MINISTRY. PSR STUDENTS GO ON TO SERVE AS ORDAINED PARISH PASTORS, HOSPITAL AND PRISON CHAPLAINS, YOUTH DIRECTORS AND CHRISTIAN EDUCATORS, TEACHERS IN HIGH SCHOOLS AND COLLEGES, SOCIAL SCIENCE ADMINISTRATORS, LITURGICAL ARTISTS, AND COMMUNITY ORGANIZERS. PSR PROVIDED EDUCATION TO 83 STUDENTS STUDYING FOR THE MASTERS OF DIVINITY DEGREE, 20 STUDENTS STUDYING FOR OTHER MASTERS DEGREES AND 18 STUDENTS STUDYING FOR A DOCTOR OF MINISTRY DEGREE. STUDENTS ENROLLED FOR INSTRUCTION AT THE SCHOOL RECEIVE PERSONALIZED DIRECTION AND ATTENTION FROM A RENOWNED FACULTY. 1183049 1639283 HOUSING AND DINING SERVICES: THE SCHOOL PROVIDES HOUSING OPPORTUNITIES TO APPROXIMATELY 130 STUDENTS, IN DORMITORIES, APARTMENTS AND STUDIOS. THE SCHOOL WELCOMES FAMILIES AND STUDENTS TO HOUSING AT RATES THAT ARE BELOW MARKET RATES. THE SCHOOL ALSO PROVIDES ROOM FOR COMMUTER STUDENTS WHO STAY ONE OR TWO NIGHTS A WEEK. WIRELESS NETWORKS ARE AVAILABLE TO ALL RESIDENTS. THE SCHOOL ALSO PROVIDES MEAL SERVICES SEVEN DAYS A WEEK TO FACULTY, STAFF AND STUDENTS. THE DINING ROOM TRIES TO SERVE FOOD LOCALLY SOURCED AND SEASONAL. THE DINING ROOM SERVES APPROXIMATELY 5,100 MEALS PER MONTH. 560142 STUDENT SERVICES: PROFESSIONAL MINISTERIAL EDUCATION AT THE PACIFIC SCHOOL OF RELIGION IS COMBINED WITH A STUDENT'S SPIRITUAL DEVELOPMENT AND FIELD EDUCATION. STUDENTS SEEKING DEGREES ARE ENCOURAGED AND HELPED TO APPLY THE SUBJECTS LEARNED IN THE CLASSROOM TO THE CONTEXT OF THE BROADER COMMUNITY, INCLUDING CULTURES, WORLD RELIGIONS AND THE ARTS. THE OFFICE OF COMMUNITY LIFE PROVIDES FOR THE MENTORING OF STUDENTS THROUGHOUT THEIR STUDY. STUDENTS RECEIVE PASTORAL CARE, SPIRITUAL DIRECTION AND OTHER CARE. 780118 427851 GENERAL INSTITUTIONAL SUPPORT. 780118 427851 6032189 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 49 0 218 1 0 0 0 0 0 1 1 0 0 0 0 X 18 17 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 1 0 CA X PATRICK O'LEARY 5108498200 1798 SCENIC AVENUE BERKELEY CA 94709 DON HILL BOARD OF TRUSTEES 5.00 X 0 0 0 STAN BARKEY BOARD OF TRUSTEES 5.00 X 0 0 0 JON BERQUIST BOARD OF TRUSTEES 5.00 X 0 0 0 M L DANIEL BOARD OF TRUSTEES 5.00 X 0 0 0 CONNIE KY FONG MITCHELL BOARD OF TRUSTEES 5.00 X 0 0 0 STANLEY WATSON BOARD OF TRUSTEES 5.00 X 0 0 0 TERI CANNON VICE CHAIR 5.00 X X 0 0 0 SCOTT SPORTE BOARD OF TRUSTEES 5.00 X 0 0 0 ANGELA BROWN BOARD OF TRUSTEES 5.00 X 0 0 0 BISHOP WARNER BROWN BOARD OF TRUSTEES 5.00 X 0 0 0 SCHMIAN EVANS BOARD OF TRUSTEES 5.00 X 0 0 0 JENNIFER MARTINEZ BOARD OF TRUSTEES 5.00 X 0 0 0 DAVID J MCCLURE BOARD OF TRUSTEES 5.00 X 0 0 0 SHEILA THOMAS BOARD OF TRUSTEES 5.00 X 0 0 0 ANN APPERT BOARD OF TRUSTEES 5.00 X 0 0 0 JIM HYATT BOARD OF TRUSTEES 5.00 X 0 0 0 JULIEN PHILLIPS CHAIR 5.00 X X 0 0 0 LINDA JARAMILLO BOARD OF TRUSTEES 5.00 X 0 0 0 MOE WRIGHT TREASURER 5.00 X X 0 0 0 PAT DE JONG BOARD OF TRUSTEES 5.00 X 0 0 0 BERNARD SCHLAGER DEAN, FORMER INTERIM PRESIDENT 37.00 X 146578 0 27824 PATRICK O'LEARY CHIEF BUSINESS OFFICER 37.00 X 89582 0 23392 DAVID VASQUEZ LEVY PRESIDENT (EFF. 1/1/15) 37.00 X 0 0 0 CYNTHIA SCHERR SECRETARY 5.00 X 0 0 0 RANDOLPH MILLER DEAN (THROUGH 12-31-14) 37.00 X 98066 0 16993 JULIE CLEMENS CAO 37.00 X 41952 0 0 376178 0 68209 1 0 1 0 GRADUATE THEOLOGICAL UNION 2400 RIDGE RD BERKELEY CA 94709 CONSORTIAL SHARED SERVICES 992384 1 12174 31213 637677 681064 TUITION AND FEES 611710 2336634 2336634 AUXILIARY ENTERPRISES 611710 1639283 1639283 3975917 1869814 1869814 42983 0 42983 42983 42983 316364 0 316364 316364 316364 16666 12174 13322 3344 3344 OTHER SUPPORT/MISC. INCOME 611710 111487 111487 111487 7000973 4403768 0 1916141 X 978004 978004 614061 147438 359570 107053 2677816 2274873 240466 162477 126847 105898 16967 3982 380953 299501 63653 17799 144746 117843 17233 9670 14916 14916 66602 66602 169100 169100 1291113 698107 555953 37053 194387 54213 97565 42609 55575 8694 30195 16686 561877 660181 -98304 179386 146913 28453 4020 130717 81757 38338 10622 55674 96 55578 216523 190923 25600 101963 31832 70131 COST OF SALES - AUX SVC 136262 136262 TAXES, FEES AND INSTITU 77843 23437 52337 2069 EMPLOYEE RECRUITMENT AN 68664 19567 40886 8211 OTHER EXPENSES 66328 56650 9010 668 8309357 6032189 1854249 422919 996653 362578 3628794 3516681 112482 87057 166839 167831 228054 237170 43076 51386 9955178 8067869 2055840 1887309 34134612 34203855 1456825 456825 3150228 2970092 45973403 43940784 130835 330357 188822 185887 110831 88887 2176748 2418686 2607236 3023817 X 3644755 2314702 11699462 10552200 28021950 28050065 43366167 40916967 45973403 43940784 X -1308384 -760699 -380117 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5002 X DISPLAY AND EDUCATIONAL 0 43871737 123113 518918 743240 992190 42778338 41143486 106 4396514 787344 881025 43871737 38137069 147993 4513117 874665 780028 41143486 41038657 34668 -1000108 1284011 652137 38137069 36470085 194174 6435198 966944 1093856 41038657 0.19340 0.65140 0.15520 0 0 518830 518830 4236523 3569023 667500 4417726 3738279 679447 765105 760567 4538 16994 16994 1887309 BENEFICIAL INTEREST IN TRUSTS HELD BY OTHERS 2970092 2970092 ASSET RETIREMENT OBLIGATIONS 758000 FUNDS HELD FOR OTHERS 4845 LIABILITIES TO BENEFICIARIES OF SPLIT-INTEREST AGREEMENTS 1655841 2418686 X 4719572 -760699 -386920 -1147619 5867191 169100 964682 1133782 7000973 7168772 13322 13322 7155450 169100 984807 1153907 8309357 PART III, LINE 4: PSR MAINTAINS COLLECTIONS OF FINE ART, BOOKS AND ARCHAEOLOGICAL ARTIFACTS. THESE ITEMS ARE USED IN THE STUDY OF SUBJECTS SUCH AS ART AND RELIGION, HISTORY AND SCRIPTURAL STUDIES. STUDENTS EXAMINE ART, BOOKS AND ARTIFACTS AS PART OF THEIR STUDIES. PART V, LINE 4: ENDOWMENTS SUPPORT THE PROGRAMS OF THE SCHOOL, INCLUDING PROVIDING STUDENT FINANCIAL AID AND FUNDING FACULTY POSITIONS. PART X, LINE 2: THE SCHOOL FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE SCHOOL FOR UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2015 AND 2014. THE SCHOOL'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. THE TAX RETURNS FOR FISCAL YEAR 2012 AND THEREAFTER ARE OPEN TO EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: ACTUARIAL ADJUSTMENT -382,607. ALLOWANCE FOR UNCOLLECTIBLE CONTRIBUTIONS 2,490. REAL ESTATE PROJECT COSTS -6,803. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 978,004. SPECIAL EVENT EXPENSES -13,322. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 13,322. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 978,004. REAL ESTATE PROJECT COSTS 6,803. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY IN ALL PRINTED MATERIALS SENT TO STUDENTS AND ON ITS WEBSITE. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVES FEDERAL AID FOR FINANCIAL AID PROGRAMS. INAUGURATION DINNER 28840 12174 16666 13322 28840 12174 16666 13322 13322 3344 1 SCHOLARSHIPS AND GRANTS PROVIDED AS FINANCIAL AID TO STUDENTS 120 978004 PART I, LINE 2: THE SCHOOL PROVIDES FINANCIAL AID GRANTS THAT MAY BE USED FOR TUITION AND FEES ONLY. 0 0 0 0 0 0 0 0 0 BERNARD SCHLAGER DEAN, FORMER INTERIM PRESIDENT 145230 0 1348 0 0 0 9204 0 18620 0 174402 0 0 0 DAVID VASQUEZ LEVY PRESIDENT MORTGAGE ASSISTANCE - NOTE PAYABLE X 22000 1853 0 1 1 1853 FORM 990, PART VI, SECTION B, LINE 11 WE WILL PROVIDE A COPY OF THE 2014 AND 2015 REPORT TO THE BOARD AT ITS MEETING IN OCTOBER 2016. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICIES ARE DISTRIBUTED TO MEMBERS OF THE BOARD OF TRUSTEES IN OCTOBER OF EVERY YEAR. MEMBERS OF THE BOARD COMPLETE, SIGN AND RETURN DISCLOSURE STATEMENTS INDICATING THAT THEY HAVE READ THE CONFLICT OF INTEREST POLICY AND DISCLOSED ANY POTENTIAL CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 INDEPENDENT MEMBERS OF THE BOARD COMPRISE THE COMPENSATION COMMITTEE. THE COMMITTEE REVIEWS COMPARABLE SALARIES AND BENEFITS BEFORE ESTABLISHING COMPENSATION FOR THE PRESIDENT. OTHER OFFICERS OR KEY EMPLOYEES: COMPARATIVE DATA IS REVIEWED PRIOR TO ESTABLISHMENT OF COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONSORTIAL SHARED SERVICES: PROGRAM SERVICE EXPENSES 430,260. MANAGEMENT AND GENERAL EXPENSES 537,180. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 967,440. HONORARIUMS: PROGRAM SERVICE EXPENSES 114,756. MANAGEMENT AND GENERAL EXPENSES 2,400. FUNDRAISING EXPENSES 1,000. TOTAL EXPENSES 118,156. OTHER CONTRACTUAL SERVICES: PROGRAM SERVICE EXPENSES 153,091. MANAGEMENT AND GENERAL EXPENSES 16,373. FUNDRAISING EXPENSES 36,053. TOTAL EXPENSES 205,517. FORM 990, PART XI, LINE 9: ACTUARIAL ADJUSTMENT -382,607. DECREASE IN ALLOWANCE FOR UNCOLLECTIBLE CONTRIBUTIONS RECEIVABLES 2,490. PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT AND SELECTION PROCESS FOR THE AUDIT OF THE FINANCIAL STATEMENTS DURING THE TAX YEAR. CHARITABLE REMAINDER UNITRUSTS (4) CHARITABLE TRUSTS CA T 0 POOLED INCOME FUND (5) CHARITABLE TRUSTS CA T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0