2013-05-14T14:53:18-05:00 2012-06-30 410746749 CLIFTONLARSONALLEN LLP 818 SECOND ST SO SUITE 320 WAITE PARK MN 56387 990 2011-07-01 430654855 EDEN THEOLOGICAL SEMINARY EDEN 3149613627 475 E LOCKWOOD AVENUE WEBSTER GROVES MO 631193124 DAVID GREENHAW 3149613627 2013-05-14 1 LEE MIESNER P00028488 3202035500 2013-05-14 2011 2016-02-24 21:20:13Z DAVID GREENHAW 475 E LOCKWOOD AVENUE WEBSTER GROVES MO 631193124 14926976 0 X WWW.EDEN.EDU X 1850 MO EDEN THEOLOGICAL SEMINARY IS A GRADUATE SCHOOL FOR INDIVIDUALS WISHING TO EARN HIGHER LEVEL DEGREES IN THE STUDY OF THEOLOGY, PREPARING MANY FOR THE PRACTICE OF MINISTRY. THE SCHOOL ALSO PROVIDES CONTINUING EDUCATION FOR CLERGY. 22 21 95 0 0 0 1443297 1135747 1732737 1892859 5720647 277146 134031 191371 9030712 3497123 741916 771050 0 0 2931367 2841163 0 0 564524 2092789 2373524 5766072 5985737 3264640 -2488614 32839019 30733311 1381828 1515613 31457191 29217698 EDEN THEOLOGICAL SEMINARY IS A GRADUATE SCHOOL FOR INDIVIDUALS WISHING TO EARN HIGHER LEVEL DEGREES IN THE STUDY OF THEOLOGY, PREPARING MANY FOR THE PRACTICE OF MINISTRY. THE SCHOOL ALSO PROVIDES CONTINUING EDUCATION FOR CLERGY. 0 0 2758899 1526995 EDEN SEMINARY HAD 115 STUDENTS IN OUR MASTER OF DIVINITY PROGRAM, 9 IN OUR MASTER OF ARTS IN PASTORAL STUDIES PROGRAM, 14 IN OUR MASTER OF THEOLOGICAL STUDIES PROGRAM, AND 43 IN OUR DOCTOR OF MINISTRY DEGREE PROGRAM. WE ALSO HAD 29 PEOPLE WHO WERE ENROLLED AS CREDIT NON-DEGREE STUDENTS. OUR GRADUATING CLASS THIS YEAR INCLUDED 26 INDIVIDUALS EARNING A MASTER OF DIVINITY DEGREE, 4 EARNING A MASTER OF THEOLOGICAL STUDIES DEGREE, 4 EARNING A MASTER OF PASTORAL STUDIES DEGREE AND 5 EARNING A DOCTOR OF MINISTRY DEGREE. 2758899 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 94 0 1 95 1 0 0 0 0 0 0 0 0 0 0 0 0 X 22 21 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 1 1 0 X THE ORGANIZATION 3149613627 475 E LOCKWOOD AVENUE WEBSTER GROVES MO 631193124 KAREN BRANDING 1.00 X 0 0 0 RON BUFORD 1.00 X 0 0 0 MICHAEL DOWNS 1.00 X 0 0 0 WARD KLEIN 1.00 X 0 0 0 REV RICH PLEVA 1.00 X 0 0 0 PAUL SCHOON 1.00 X 0 0 0 REV DR DAVID V SCHWAB 1.00 X 0 0 0 REV DR ROBERT C SCOTT 1.00 X 0 0 0 THE RIGHT REV WAYNE SMITH 1.00 X 0 0 0 DR SUSAN S STEPLETON 1.00 X 0 0 0 VIRGINIA TOLIVER 1.00 X 0 0 0 DR OLIVIA MASIH WHITE 1.00 X 0 0 0 REV DR JESSE WILLIAMS JR 1.00 X 0 0 0 REV DR JO HUDSON 1.00 X 0 0 0 DR DELORAS PEMBERTON 1.00 X 0 0 0 LARRY D RICHARDSON 1.00 X 0 0 0 SUSAN ROWE 1.00 X 0 0 0 DR THOMAS K TIEMANN 1.00 X 0 0 0 REV DR STEPHANIE WEINER 1.00 X 0 0 0 DR DONALD H DRIEMEIER 1.00 X 0 0 0 REV ANN ASPER WILSON 1.00 X 0 0 0 REV DR DAVID GREENHAW 40.00 X 132600 0 25225 REV DR DEBORAH KRAUSE 40.00 X 96854 0 13506 RICHARD WALTERS 40.00 X 107254 0 10683 BRYCE KRUG 40.00 X 82500 0 19741 419208 0 69155 2 0 1 0 0 1690 8513 1125544 25454 1135747 TUITION & FEES 611710 1526995 1526995 RESIDENCE HALL FEES 611710 335659 335659 BOOKSTORE REVENUE 611710 30205 30205 1892859 460002 460002 111168 0 111168 111168 111168 11222658 11405514 -182856 -182856 -182856 53035 1690 24339 28696 28696 MEALS/CATERING INCOME 611710 26859 26859 OTHER EVENT INCOME 611710 13369 13369 MISCELLANEOUS 611710 11279 11279 51507 3497123 1526995 0 834381 771050 771050 419208 48427 288281 82500 1882913 1236441 420176 226296 225812 125793 70950 29069 213644 131570 48356 33718 99586 43162 33759 22665 8199 8199 135958 135958 335649 118042 191108 26499 163360 23673 88466 51221 265496 265496 144581 62165 57191 25225 9332 9332 9818 9818 610035 610035 72126 72126 REPAIRS, MAINTENANCE & 124815 436 124379 EVENTS: CONVOCATIION, C 115636 33057 17338 65241 ANNUITIES 111661 111661 DUES & SUBSCRIPTIONS & 77780 22127 55653 189078 133624 53364 2090 5985737 2758899 2662314 564524 624655 720989 10486724 10656082 112147 45200 123296 194466 122520 105231 50551 27349 15871331 7304504 9031985 8566827 10225821 8911577 2061320 1505590 32839019 30733311 132651 255108 6936 7571 1242241 1252934 1381828 1515613 X 8473993 7309652 4667238 3373900 18315960 18534146 31457191 29217698 32839019 30733311 X -2488614 249121 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18287247 236701 1120235 542351 19101832 17745504 279690 1028665 766612 18287247 8958422 6935683 1851399 17745504 8956406 1591329 -1589313 8958422 1.00000 1 0 591015 591015 12004397 4959472 7044925 1507890 790325 717565 1746134 1532812 213322 21895 21895 0 8566827 GIFT ANNUITIES PAYABLE 984765 ASSET RETIREMENT OBLIGATION 103054 CAPTIAL LEASE OBLIGATIONS 165115 1252934 3497123 5985737 -2488614 302354 -53233 249121 -2239493 2863533 302354 -935944 -633590 3497123 0 3497123 5103026 0 5103026 882711 882711 5985737 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: ENDOWMENT FUNDS ARE HELD IN PERPETUITY. THE EARNINGS ON INVESTMENT ARE USED IN SUPPORT OF THE SEMINARY MISSION. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -53,233. PART XII, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIP EXPENSES -771,050. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -164,894. PART XIII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP EXPENSES 771,050. ADJUSTMENT FOR ANNUITIES 111,661. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE SEMINARY DOES NOT PUBLICIZE ITSELF THROUGH NEWSPAPER OR BROADCAST MEDIA. THE SEMINARY DOES, HOWEVER, DISCLOSE ITS NON-DISCRIMINATION POLICY IN BROCHURES, MAGAZINE ADS AND ITS STUDENT CATALOG. THE SEMINARY'S NON-DISCRIMINATION POLICY IS POSTED IN SEVERAL PLACES ON IT'S WEBSITE AND IS GIVEN TO ALL STUDENTS AT REGISTRATION AS PART OF THE STUDENT HANDBOOK. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 EDEN THEOLOGICAL SEMINARY IS RESPONSIBLE FOR COLLECTING FINANCIAL AID FOR ITS QUALIFYING STUDENTS AND EITHER DISTRIBUTING THIS AID TO THOSE STUDENTS OR APPLYING THE AID TOWARDS TUITION, FEES, ETC. THE SEMINARY MAKES STAFFORD LOANS AVAILABLE FOR ELIGIBLE STUDENTS. BEE FUNDRAISING DINNER 54725 1690 53035 0 0 17473 0 100 6766 54725 1690 53035 17473 100 6766 24339 28696 1 TUITION GRANTS TO STUDENTS OF EDEN THEOLOGICAL SEMINARY 135 771050 0 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: EDEN THEOLOGICAL SEMINARY AWARDS TUITION GRANTS TO ITS STUDENTS. THE GRANTS REDUCE THE AMOUNT OF TUITION AND FEES THAT THAT STUDENT IS REQUIRED TO PAY TO THE SEMINARY. THE SEMINARY MAINTAINS RECORDS OF THE GRANTS AWARDED TO THE STUDENTS. X 1 1 X X X 0 0 0 0 0 0 0 0 0 REV DR DAVID GREENHAW 132600 0 0 0 0 0 12767 0 12458 0 157825 0 0 0 X 5 18720 AVERAGE MARKET PRICE X 1 6734 MARKET VALUE 0 0 0 1 THIRD PARTY USE: PART I, LINE 32B: THE ORGANIZATION USES SMITH, MOORE & CO. TO SELL THE NON-CASH CONTRIBUTIONS FROM SECURITIES WHEN RECEIVED FROM THE DONOR. FORM 990, PART VI, SECTION A, LINE 7A BOARD IS SELF-PERPETUATING AND ELECTS ALL NEW BOARD MEMBERS. FACULTY REPRESENTATIVE IS NOMINATED BY THE FACULTY. FORM 990, PART VI, SECTION B, LINE 11 THE PRESIDENT AND TREASURER FOR THE BOARD WILL REVIEW THE 990 PRIOR TO SIGNING THE DOCUMENT. THEY WILL REVIEW THE INFORMATION TO DETERMINE THAT INFORMATION IN THE 990, TO THE BEST OF THEIR KNOWLEDGE, IS COMPLETE AND ACCURATE. FORM 990, PART VI, SECTION B, LINE 12C IT IS THE POLICY OF EDEN THEOLOGICAL SEMINARY THAT NO EMPLOYEE, OFFICER OR BOARD MEMBER SHALL ENTER INTO ANY BUSINESS RELATIONSHIP WITH ANY OTHER PERSON OR ENTITY WHICH MAY CREATE A CONFLICT BETWEEN THAT RELATIONSHIP AND THEIR DUTIES TO EDEN. FURTHER, NO EMPLOYEE, OFFICER OR BOARD MEMBER SHALL PLACE HER/HIMSELF IN A POSITION IN WHICH PERSONAL INTEREST, FINANCIAL OR OTHERWISE, MIGHT INFLUENCE OR BE PERCEIVED TO INFLUENCE ANY ACTION SHE/HE MAY TAKE OR ADVICE SHE/HE MAY RENDER ON BEHALF OF EDEN. SOME EMPLOYEES AND ALL OFFICERS AND BOARD MEMBERS, UPON HIRE/APPOINTMENT AND ON AN ANNUAL BASIS, WILL BE REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE FROM DISCLOSING POTENTIAL CONFLICTS. IN ADDITION, ALL OFFICERS AND BOARD MEMBERS HAVE AN ONGOING DUTY TO BRING TO THE ATTENTION OF EDEN SITUTATIONS WHICH MAY GIVE RISE TO AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST DESCRIBED IN THIS POLICY. FORM 990, PART VI, SECTION B, LINE 15 DURING THE BUDETING PROCESS, THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS MANAGEMENT'S RECOMMENDATION FOR PAY INCREASES. THE PAY INCREASES FOR THE PRESIDENT, KEY EMPLOYEES AND FACULTY IS DETERMINED IN RELATION TO SALARY INFORMATION GATHERED BY THE ASSOCIATION OF THEOLOGICAL SCHOOLS. MANAGEMENT HAS PROPOSED RAISES IN SALARIES BASED ON ACROSS THE BOARD PERCENTAGE RATE FOR ALL STAFF AND FACULTY EXCEPT THE PRESIDENT. WHEN THE FINANCE COMMITTEE APPROVES THE BUDGET AND SALARY INCREASES, IT IS PRESENTED TO THE FULL BOARD FOR ADOPTION. THE PRESIDENT'S SALARY IS PROPOSED TO THE BOARD BY THE EXECUTIVE COMMITTEE AS PART OF ITS ANNUAL REVIEW OF THE PRESIDENT'S PERFORMANCE. STAFF ARE EVALUATED ANNUALLY, BUT PAY RAISES ARE NOT TIED TO EVALUATIONS. FACULTY ARE EVALUATED ACCORDING TO THE FACULTY MANUAL, BUT AGAIN, PAY RAISES ARE NOT TIED TO EVALUATIONS. THE LAST RAISES BY THE ORGAINZATION WERE IN JULY, 2008. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST TO THE PRESIDENT'S OFFICE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 302,354. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -53,233. TOTAL TO FORM 990, PART XI, LINE 5: 249,121. FINANCIAL STATEMENT AND REPORTING FORM 990, PART XI, LINE 2C THE ORGANIZATION HAS A COMMITTTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS IS CONSISTENT WITH PRIOR YEARS.