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        <Title>VP Adm-Retired</Title>
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        <ReportableCompFromOrganization>91583</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>8500</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Very Rev Douglas B Travis</NamePerson>
        <Title>Dean &amp; Pres</Title>
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        <ReportableCompFromOrganization>115756</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>47500</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Rev Alan Gregory</NamePerson>
        <Title>Professor</Title>
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        <ReportableCompFromOrganization>67119</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>38211</OtherCompensation>
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      <TotalReportableCompFromOrg>359362</TotalReportableCompFromOrg>
      <TotalOtherCompensation>122917</TotalOtherCompensation>
      <NumberIndividualsGT100K>1</NumberIndividualsGT100K>
      <FormersListed>false</FormersListed>
      <TotalCompGT150K>true</TotalCompGT150K>
      <CompensationFromOtherSources>false</CompensationFromOtherSources>
      <NumberOfContractorsGT100K>0</NumberOfContractorsGT100K>
      <AllOtherContributions>4801270</AllOtherContributions>
      <TotalContributions>4801270</TotalContributions>
      <ProgramServiceRevenue>
        <Description>Tuition</Description>
        <TotalRevenueColumn>571538</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>571538</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <ProgramServiceRevenue>
        <Description>Auxiliary and Misc.</Description>
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      <TotalProgramServiceRevenue>689499</TotalProgramServiceRevenue>
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      <IncomeFromInvestBondProceeds>
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      </IncomeFromInvestBondProceeds>
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      </RoyaltiesRevenue>
      <GrossRents>
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      </GrossRents>
      <RentalIncomeOrLoss>
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      </RentalIncomeOrLoss>
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      </TotalRevenue>
      <GrantsToDomesticOrgs>
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      </GrantsToDomesticOrgs>
      <GrantsToDomesticIndividuals>
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      </GrantsToDomesticIndividuals>
      <ForeignGrants>
        <Total>0</Total>
      </ForeignGrants>
      <BenefitsToMembers>
        <Total>0</Total>
      </BenefitsToMembers>
      <CompCurrentOfficersDirectors>
        <Total>207339</Total>
        <ManagementAndGeneral>207339</ManagementAndGeneral>
      </CompCurrentOfficersDirectors>
      <CompDisqualPersons>
        <Total>0</Total>
      </CompDisqualPersons>
      <OtherSalariesAndWages>
        <Total>2065681</Total>
        <ProgramServices>1346875</ProgramServices>
        <ManagementAndGeneral>485255</ManagementAndGeneral>
        <Fundraising>233551</Fundraising>
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      <PensionPlanContributions>
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        <ProgramServices>119337</ProgramServices>
        <ManagementAndGeneral>66287</ManagementAndGeneral>
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      </PensionPlanContributions>
      <OtherEmployeeBenefits>
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        <ProgramServices>308908</ProgramServices>
        <ManagementAndGeneral>116724</ManagementAndGeneral>
        <Fundraising>42705</Fundraising>
      </OtherEmployeeBenefits>
      <PayrollTaxes>
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        <ProgramServices>85234</ProgramServices>
        <ManagementAndGeneral>45762</ManagementAndGeneral>
        <Fundraising>17243</Fundraising>
      </PayrollTaxes>
      <FeesForServicesManagement>
        <Total>0</Total>
      </FeesForServicesManagement>
      <FeesForServicesLegal>
        <Total>6127</Total>
        <ProgramServices>1172</ProgramServices>
        <ManagementAndGeneral>4647</ManagementAndGeneral>
        <Fundraising>308</Fundraising>
      </FeesForServicesLegal>
      <FeesForServicesAccounting>
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        <ProgramServices>4423</ProgramServices>
        <ManagementAndGeneral>16336</ManagementAndGeneral>
        <Fundraising>1091</Fundraising>
      </FeesForServicesAccounting>
      <FeesForServicesLobbying>
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      </FeesForServicesLobbying>
      <FeesForServicesProfFundraising>
        <Total>0</Total>
      </FeesForServicesProfFundraising>
      <FeesForServicesInvstMgmntFees>
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        <ProgramServices>79658</ProgramServices>
        <ManagementAndGeneral>32246</ManagementAndGeneral>
        <Fundraising>881</Fundraising>
      </FeesForServicesInvstMgmntFees>
      <FeesForServicesOther>
        <Total>0</Total>
      </FeesForServicesOther>
      <Advertising>
        <Total>62012</Total>
        <ProgramServices>3101</ProgramServices>
        <ManagementAndGeneral>15503</ManagementAndGeneral>
        <Fundraising>43408</Fundraising>
      </Advertising>
      <OfficeExpenses>
        <Total>71802</Total>
        <ProgramServices>46483</ProgramServices>
        <ManagementAndGeneral>19239</ManagementAndGeneral>
        <Fundraising>6080</Fundraising>
      </OfficeExpenses>
      <InformationTechnology>
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        <ProgramServices>45222</ProgramServices>
        <ManagementAndGeneral>3146</ManagementAndGeneral>
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      <Royalties>
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      <Occupancy>
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        <ProgramServices>386655</ProgramServices>
        <ManagementAndGeneral>84303</ManagementAndGeneral>
        <Fundraising>21076</Fundraising>
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      <Travel>
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        <ProgramServices>23029</ProgramServices>
        <ManagementAndGeneral>24221</ManagementAndGeneral>
        <Fundraising>2012</Fundraising>
      </Travel>
      <TravelEntrtnmntPublicOfficials>
        <Total>0</Total>
      </TravelEntrtnmntPublicOfficials>
      <ConferencesMeetings>
        <Total>0</Total>
      </ConferencesMeetings>
      <Interest>
        <Total>69066</Total>
        <ProgramServices>13813</ProgramServices>
        <ManagementAndGeneral>51800</ManagementAndGeneral>
        <Fundraising>3453</Fundraising>
      </Interest>
      <PaymentsToAffiliates>
        <Total>0</Total>
      </PaymentsToAffiliates>
      <DepreciationDepletion>
        <Total>412649</Total>
        <ProgramServices>309487</ProgramServices>
        <ManagementAndGeneral>82530</ManagementAndGeneral>
        <Fundraising>20632</Fundraising>
      </DepreciationDepletion>
      <Insurance>
        <Total>0</Total>
      </Insurance>
      <OtherExpenses>
        <Description>Entertainment &amp; travel</Description>
        <Total>65009</Total>
        <ProgramServices>29872</ProgramServices>
        <ManagementAndGeneral>13953</ManagementAndGeneral>
        <Fundraising>21184</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>Student recruitment &amp; services</Description>
        <Total>86163</Total>
        <ProgramServices>53774</ProgramServices>
        <ManagementAndGeneral>9612</ManagementAndGeneral>
        <Fundraising>22777</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>Miscellaneous</Description>
        <Total>96669</Total>
        <ProgramServices>61945</ProgramServices>
        <ManagementAndGeneral>20309</ManagementAndGeneral>
        <Fundraising>14415</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>Workgrants</Description>
        <Total>240930</Total>
        <ProgramServices>197892</ProgramServices>
        <ManagementAndGeneral>33429</ManagementAndGeneral>
        <Fundraising>9609</Fundraising>
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      <AllOtherExpenses>
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        <ProgramServices>276549</ProgramServices>
        <ManagementAndGeneral>40904</ManagementAndGeneral>
        <Fundraising>38797</Fundraising>
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      <TotalFunctionalExpenses>
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      <LandBuildingsEquipmentBasis>16748235</LandBuildingsEquipmentBasis>
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      <LandBuildingsEquipmentBasisNet>
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      <InvestmentsOtherSecurities>
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      </InvestmentsOtherSecurities>
      <InvestmentsProgramRelated>
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      <IntangibleAssets>
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      <AccountsPayableAccruedExpenses>
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        <EOY>6913739</EOY>
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      <FollowSFAS117>X</FollowSFAS117>
      <UnrestrictedNetAssets>
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      <TemporarilyRestrictedNetAssets>
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      <PermanentlyRestrictedNetAssets>
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        <EOY>20250204</EOY>
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        <EOY>30046385</EOY>
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      <TotalLiabNetAssetsFundBalances>
        <BOY>35611133</BOY>
        <EOY>36960124</EOY>
      </TotalLiabNetAssetsFundBalances>
      <InfoInScheduleOPartXI>X</InfoInScheduleOPartXI>
      <ReconcilationRevenueExpenses>2166107</ReconcilationRevenueExpenses>
      <ReconcilationOtherChanges>-1599336</ReconcilationOtherChanges>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>false</AccountantCompileOrReview>
      <FSAudited>true</FSAudited>
      <AuditCommittee>true</AuditCommittee>
      <FinancialStatementSeparate>X</FinancialStatementSeparate>
      <FederalGrantAuditRequired>false</FederalGrantAuditRequired>
      <FederalGrantAuditPerformed>false</FederalGrantAuditPerformed>
    </IRS990>
    <IRS990ScheduleA documentId="IRS990ScheduleA" softwareId="11000144" softwareVersion="2011v1.5">
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        </ContributorNameBusiness>
        <ContributorAddressUS>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>RESTRICTED</AggregateContributions>
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        <Contributions>1708126</Contributions>
        <InvestmentEarningsOrLosses>-1002060</InvestmentEarningsOrLosses>
        <OtherExpenditures>-1038951</OtherExpenditures>
        <EndOfYearBalance>21481032</EndOfYearBalance>
      </CurrentYear>
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        <BeginningOfYearBalance>18587358</BeginningOfYearBalance>
        <Contributions>193123</Contributions>
        <InvestmentEarningsOrLosses>3996266</InvestmentEarningsOrLosses>
        <OtherExpenditures>-962830</OtherExpenditures>
        <EndOfYearBalance>21813917</EndOfYearBalance>
      </CurrentYearMinus1Year>
      <CurrentYearMinus2Years>
        <BeginningOfYearBalance>16368487</BeginningOfYearBalance>
        <Contributions>1623861</Contributions>
        <InvestmentEarningsOrLosses>2291250</InvestmentEarningsOrLosses>
        <OtherExpenditures>-1696240</OtherExpenditures>
        <EndOfYearBalance>18587358</EndOfYearBalance>
      </CurrentYearMinus2Years>
      <PermanentEndowmentEOYBalance>0.94270</PermanentEndowmentEOYBalance>
      <TermEndowmentEOYBalance>0.05730</TermEndowmentEOYBalance>
      <EndowmentsHeldByUnrelatedOrgs>false</EndowmentsHeldByUnrelatedOrgs>
      <EndowmentsHeldByRelatedOrgs>false</EndowmentsHeldByRelatedOrgs>
      <AreRelatedOrgsListedScheduleR>false</AreRelatedOrgsListedScheduleR>
      <Buildings>
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        <BookValue>10020297</BookValue>
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      <OtherLandBuildings>
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      <OtherLiabilities>
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        <Amount>427172</Amount>
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      <ExcessOrDeficitForYear>2166107</ExcessOrDeficitForYear>
      <NetUnrealizedGLOnInvestments>-1599336</NetUnrealizedGLOnInvestments>
      <TotalAdjustments>-1599336</TotalAdjustments>
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      <NetUnrealizedGainsInvestments>-1599336</NetUnrealizedGainsInvestments>
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      <RevenueNotRptdF990>-1546218</RevenueNotRptdF990>
      <RevenueSubtotal>7446532</RevenueSubtotal>
      <TotalRevenuePerForm990>7446532</TotalRevenuePerForm990>
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      <ExpensesNotRptdF990>53118</ExpensesNotRptdF990>
      <ExpensesSubtotal>5280425</ExpensesSubtotal>
      <TotalExpensesPerForm990>5280425</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIV>
        <Identifier>Part XIII, Line 2d</Identifier>
        <ReturnReference>Part XIII, Line 2d: Other expenses and losses per audited F/S</ReturnReference>
        <Explanation>Cost of goods sold - bookstore $53118</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
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        <ReturnReference>Part XII, Line 2d: Other revenue amounts included in F/S but not included on form 990</ReturnReference>
        <Explanation>Cost of goods sold - bookstore $53118</Explanation>
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    </IRS990ScheduleD>
    <IRS990ScheduleE documentId="IRS990ScheduleE" softwareId="11000144" softwareVersion="2011v1.5">
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      <PolicyStatementInBrochuresEtc>true</PolicyStatementInBrochuresEtc>
      <PolicyPublViaBroadcastMedia>true</PolicyPublViaBroadcastMedia>
      <MaintRacialCompositionRecords>true</MaintRacialCompositionRecords>
      <MaintScholarshipsRecords>true</MaintScholarshipsRecords>
      <MaintCopiesOfBrochuresEtc>true</MaintCopiesOfBrochuresEtc>
      <MaintCopiesOfAllSolicitations>true</MaintCopiesOfAllSolicitations>
      <DiscriminateRaceStudentsRights>false</DiscriminateRaceStudentsRights>
      <DiscriminateRaceAdmissPolicies>false</DiscriminateRaceAdmissPolicies>
      <DiscriminateRaceEmplmnFaculty>false</DiscriminateRaceEmplmnFaculty>
      <DiscriminateRaceScholarships>false</DiscriminateRaceScholarships>
      <DiscriminateRaceEducPolicies>false</DiscriminateRaceEducPolicies>
      <DiscriminateRaceUseOfFclts>false</DiscriminateRaceUseOfFclts>
      <DiscriminateRaceAthleticProg>false</DiscriminateRaceAthleticProg>
      <DiscriminateRaceOtherActy>false</DiscriminateRaceOtherActy>
      <GovernmentFinancialAidReceived>false</GovernmentFinancialAidReceived>
      <GovernmentFinancialAidRevoked>false</GovernmentFinancialAidRevoked>
      <ComplianceWithRevProc7550>true</ComplianceWithRevProc7550>
      <Form990ScheduleEPartII>
        <Identifier>Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized</Identifier>
        <Explanation>The Seminary of the Southwest publicizes its racially non-discriminatory policy on its website, www.ssw.edu, and it's published annually in the school catalog.</Explanation>
      </Form990ScheduleEPartII>
    </IRS990ScheduleE>
    <IRS990ScheduleJ documentId="IRS990ScheduleJ" softwareId="11000144" softwareVersion="2011v1.5">
      <HousingAllowanceOrResidence>X</HousingAllowanceOrResidence>
      <CompensationCommittee>X</CompensationCommittee>
      <WrittenEmploymentContract>X</WrittenEmploymentContract>
      <BoardOrCommitteeApproval>X</BoardOrCommitteeApproval>
      <SeverancePayment>false</SeverancePayment>
      <SupplementalNonqualRetirePlan>false</SupplementalNonqualRetirePlan>
      <EquityBasedCompArrangement>false</EquityBasedCompArrangement>
      <CompBasedOnRevenueOfFilingOrg>false</CompBasedOnRevenueOfFilingOrg>
      <CompBasedOnRevenueRelatedOrgs>false</CompBasedOnRevenueRelatedOrgs>
      <CompBasedNetEarningsFilingOrg>false</CompBasedNetEarningsFilingOrg>
      <CompBasedNetEarningsRelateOrgs>false</CompBasedNetEarningsRelateOrgs>
      <AnyNonFixedPayments>false</AnyNonFixedPayments>
      <InitialContractException>false</InitialContractException>
      <RebuttablePresumptionProcedure>false</RebuttablePresumptionProcedure>
      <Form990ScheduleJPartII>
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        <BaseCompensationFilingOrg>115756</BaseCompensationFilingOrg>
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        <NontaxableBenefitsFilingOrg>17500</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>163256</TotalCompensationFilingOrg>
        <CompReportPrior990FilingOrg>163324</CompReportPrior990FilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartIII>
        <Identifier>Sch J, Part I, Line 1a</Identifier>
        <ReturnReference>Part I, Line 1a: Relevant information in regards to selections on 1a.</ReturnReference>
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    </IRS990ScheduleJ>
    <IRS990ScheduleL documentId="IRS990ScheduleL" softwareId="11000144" softwareVersion="2011v1.5">
      <LoanTable>
        <NamePerson>William M Bennet</NamePerson>
        <PurposeOfLoan>Former Dean - mortg.</PurposeOfLoan>
        <LoanToOrganization>X</LoanToOrganization>
        <OriginalPrincipalAmount>150000</OriginalPrincipalAmount>
        <Default>false</Default>
        <ApprovedByBoard>true</ApprovedByBoard>
        <WrittenAgreement>true</WrittenAgreement>
      </LoanTable>
    </IRS990ScheduleL>
    <IRS990ScheduleM documentId="IRS990ScheduleM" softwareId="11000144" softwareVersion="2011v1.5">
      <SecuritiesPubliclyTraded>
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        <NumberOfContributions>2</NumberOfContributions>
        <NoncashContribsRptdF990>249761</NoncashContribsRptdF990>
      </SecuritiesPubliclyTraded>
      <AnyPropertyThatMustBeHeld>false</AnyPropertyThatMustBeHeld>
      <ReviewProcessUnusualNCGifts>false</ReviewProcessUnusualNCGifts>
      <ThirdPartiesUsed>false</ThirdPartiesUsed>
    </IRS990ScheduleM>
    <IRS990ScheduleO documentId="IRS990ScheduleO" softwareId="11000144" softwareVersion="2011v1.5">
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 19</Identifier>
        <ReturnReference>Form 990, Part VI, Line 19: Other Organization Documents Publicly Available</ReturnReference>
        <Explanation>Upon written request, these documents will be made available for public inspection.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 15b</Identifier>
        <ReturnReference>Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees</ReturnReference>
        <Explanation>The Seminary's process for determining compensation includes the collection of comparable data (comparable positions of comparable organizations obtained from published salary survey reports and Form 990's of other organizations) that is reviewed and discussed by the Board of Trustees.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 12c</Identifier>
        <ReturnReference>Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts</ReturnReference>
        <Explanation>All Trustees are advised of the Conflict of Interest Policy annually at each November meeting of the Board of Trustees and execute an aknowledgement of the policy at that time.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 11</Identifier>
        <ReturnReference>Form 990, Part VI, Line 11: Form 990 Review Process</ReturnReference>
        <Explanation>Form 990 is reviewed by both the audit committee and the finance/budget committee prior to filing.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>