2012-06-21T17:30:37-05:00 2011-12-31 204193611 Batts Morrison Wales & Lee PA 801 North Orange Avenue Suite 800 Orlando FL 32801 990 2011-01-01 251298611 Ligonier Ministries Inc LIGO 4073334244 421 Ligonier Court Sanford FL 32771 Christopher Larson 4073334244 2012-05-29 1 P00428093 4077706000 2012-05-29 2011 2016-02-24 21:20:13Z Christopher Larson 421 Ligonier Court Sanford FL 32771 17900499 0 X www.ligonier.org X 1975 FL Dissemination of information, instruction, and training on Reformed Christian doctrine. 9 6 114 300 0 0 12172496 14171538 774150 764778 2173 15909 1847515 1427637 14796334 16379862 0 0 0 0 4926874 4883349 104414 123965 2606662 9610784 10697558 14642072 15704872 154262 674990 19486599 20801752 9569530 10231655 9917069 10570097 X Dissemination of information, instruction, and training of individuals and the general public on Reformed Christian doctrine. 0 0 10311756 1996954 Promotion of Christian theological education and scholarship through establishment and operation of the following activities:Educational broadcasting - the production of theological lectures and broadcasting of the lectures over radio airwaves, digital satellite signals, and Internet streaming. During 2011, the Organization broadcasted through purchased air time from over 200 land radio stations and from one satellite radio network. Educational materials - the development, production and sales of theological materials in print, audio, and video forms.Educational conferences - the provision of live theological instruction at various venues. During 2011, the Organization conducted four conferences where a variety of prominent speakers provided theological lectures. Over 4,200 individuals attended these conferences.Music - the production and sale of music that coheres with and further expresses the theological truths taught. 676830 129636 Ligonier Academy of Biblical and Theological Studies - a place for learning devoted to serving both laymen and pastors, offering both undergraduate and graduate degrees. The Academy prepares both lay people and pastors for real-world service and ministry by providing educational instruction based on Reformed Christian doctrine. 10988586 1 1 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 1 1 0 1 0 0 0 1 0 0 0 0 0 1 127 0 1 114 1 0 0 0 0 0 1 1 0 0 0 0 X 9 6 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK AZ FL GA KY LA MD MI MN MS NH NJ PA TN UT VA WA WV WI CO X X X Dr G Todd Jackson 4073334244 421 Ligonier Court Sanford FL 32771 Dr Robert C Sproul 40.00 X X 162131 0 31852 Vesta Sproul 40.00 X 53144 0 7305 James Campisi 1.00 X 0 0 0 Pat Dizney 1.00 X 0 0 0 Gregory Miseyko 1.00 X 0 0 0 Dr Archie B Parrish 1.00 X 0 0 0 David Stolzfus 1.00 X 0 0 0 Stephen H Levee 1.00 X 0 0 0 Robert Godfrey 1.00 X 1500 0 0 Christopher Larson 40.00 X 150000 0 12203 Dr G Todd Jackson 40.00 X 142659 0 11983 Lillian Rozzi 40.00 X 68000 0 7789 Geoffrey G Stevens 40.00 X 104246 0 10830 John Duncan 40.00 X 181427 0 15358 863107 0 97320 5 0 1 0 Impact Proven Solutions 4600 Lundale Avenue North Minneapolis MN 55412 Order fulfillment and shipping 826273 Salem Communications Corporation 4880 Santa Rosa Road Camarillo CA 93012 Radio broadcasting 690144 Progressive Communications 1001 Sand Pond Road Lake Mary FL 32746 Printing and mail services 651601 United Healthcare Insurance Company Department CH 10151 Palatine IL 60055 Health insurance 505639 The Revere Group 2166 Paysphere Circle Chicago IL 60674 Information technology services 402720 19 14171538 153677 14171538 Conference fees 611600 433209 433209 Registration fees 611600 210524 210524 Tuition and fees 611600 121045 121045 764778 15909 15909 65825 65825 14292 13721 571 571 571 2848385 1506916 1341469 1341469 Miscellaneous income 900099 19772 19772 19772 16379862 2126590 0 81734 648566 407136 207877 33553 4207070 3031460 759759 415851 27713 15385 9003 3325 18703 18703 72600 72600 123965 123965 886918 703922 96056 86940 546384 233174 313210 2038985 647447 153420 1238118 468784 291558 169422 7804 143571 143571 634985 315976 287522 31487 411097 298731 10199 102167 203679 136923 53398 13358 876854 750736 74814 51304 206903 53511 148668 4724 Radio/TV airtime 3104773 3104773 Publications & printing 488985 488985 Religious media distrib 453994 318938 135056 Miscellaneous 124553 36269 46466 41818 15790 10091 1717 3982 15704872 10988586 2109624 2606662 739398 1098212 142844 103383 1149101 860751 713426 381247 288265 22292596 5347627 16915725 16944969 17826 10219 428808 494177 19486599 20801752 1860449 1887328 496495 637093 6835854 7308540 376732 398694 9569530 10231655 X 9823249 10432780 83820 127317 10000 10000 9917069 10570097 19486599 20801752 X 674990 -21962 X 0 1 1 X 0 X 12524889 11310259 12602759 12172496 14171538 62781941 12524889 11310259 12602759 12172496 14171538 62781941 1815105 60966836 5934 65625 56239 73196 81734 282728 159757 189991 229353 83598 662699 63727368 20309396 0.95670 0.94990 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10000 10000 10000 10000 10000 10000 10000 648 648 10000 1.00000 0 0 4278588 4278588 6986473 214255 6772218 4422519 189706 4232813 6320179 4943666 1376513 284837 0 284837 16944969 Interest rate swap contracts, at estimated fair value 398694 398694 16379862 15704872 674990 -21962 -21962 653028 17878537 -21962 -21962 17900499 -1520637 -1520637 16379862 17225509 1520637 1520637 15704872 0 15704872 Description of Intended Use of Endowment Funds: Part V, Line 4: Earnings from the endowment fund are to be used to provide scholarships to needy individuals to attend conferences of the Organization. Part XI, Line 8 - Other Adjustments: Change in estimated fair value of interest rate swap contracts ($21,962) -21,962. Part XII, Line 2d - Other Adjustments: Change in estimated fair value of interest rate swap contracts ($21,962) Part XII, Line 4b - Other Adjustments: Cost of Goods Sold and Donor Fulfillment ($1,506,916) Expenses from LM SPE A, LLC ($13,721) Part XIII, Line 2d - Other Adjustments: Cost of Goods Sold and Donor Fulfillment $1,506,916 Expenses from LM SPE A, LLC $13,721 X X X X X X 1 Douglas Shaw & Associates 1717 Park Street Suite 300 Naperville IL 60563 Fundraising and development consulting 0 0 0 123965 123965 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY DC Schedule G, Part I, Line 2b Douglas Shaw & Associates, Inc. ("DSA") provided strategy development consulting during 2011. DSA did not provide any direct fundraising appeals or mailings during 2011. X 1 1 X X X X X X 1 0 0 0 0 0 0 0 0 Dr Robert C Sproul 162131 0 0 0 0 0 26020 0 5832 0 193983 0 0 0 Christopher Larson 150000 0 0 0 0 0 4500 0 7703 0 162203 0 0 0 Dr G Todd Jackson 142659 0 0 0 0 0 4280 0 7703 0 154642 0 0 0 John Duncan 90000 0 0 0 91427 0 519 0 14839 0 196785 0 0 0 Part I, Line 4a John Duncan, a former highly compensated employee, received a severance payment of $91,427 in connection with his termination. Supplemental Information Part III See Schedule O for a detailed description of the process used to set the compensation for Dr. Sproul. The Organization's executive expense reimbursement policy permits two senior members of its executive staff to utilize "first class" seating for air travel when the cost of doing so is economically reasonable in order to accommodate the special physical needs of the individuals and to permit such individuals to productively utilize air travel time to perform work for the Organization's ministry activities. When possible, the Organization utilizes frequent flyer miles/points to obtain an upgrade to first class seating. The Organization would prefer "business class" flight accommodations for such purposes; however, domestic air carriers do not generally offer business class. The Organization's Board of Directors considers the selective utilization of such accommodations to be good stewardship of the Organization's resources, as loss of productive work time would be costly for the Organization. 0 0 Kelly Cobb Family member of Dr. Robert C. Sproul, Off/Dir and Vesta Sproul, Dir 25300 Employment 0 John Cobb Family member of Dr. Robert C. Sproul, Off/Dir and Vesta Sproul, Dir 80866 Employment 0 Sherrie Sproul Family member of Dr. Robert C. Sproul, Off/Dir and Vesta Sproul, Dir 58560 Employment 0 Joseph Jackson Family member of Dr. G. Todd Jackson, Officer 16066 Employment/Independent contractor 0 Tabitha Jackson Family member of Dr. G. Todd Jackson, Officer 13065 Employment/Independent contractor 0 Dr Robert C Sproul Minister/Chair 45500 Royalties 0 R C Sproul Jr Family member of Dr. Robert C. Sproul, Off/Dir and Vesta Sproul, Dir 36000 Ministerial Housing Allowance under Section 107 0 R C Sproul Jr Family member of Dr. Robert C. Sproul, Off/Dir and Vesta Sproul, Dir 94000 Reportable compensation 0 R C Sproul Jr Family member of Dr. Robert C. Sproul, Off/Dir and Vesta Sproul, Dir 1976 Royalties 0 Schedule L, Part IV Business Transaction with R.C. Sproul, Jr. Because Rev. Sproul, Jr.'s reportable compensation is less than $100,000, he is not required to be reported in Part VII as a highly compensated employee. X 12 153677 Fair market value 0 0 1 0 Form 990, Part VI, Section A, line 2 Dr. Robert C. Sproul has a family relationship with Mrs. Vesta Sproul. Form 990, Part VI, Section B, line 11 The Organization's top management official and top financial official each review the Form 990 prior to its filing with the IRS. A copy of the final Form 990 is also provided to the voting members of the Organization's governing body prior to its filing with the IRS. Form 990, Part VI, Section B, line 12c The Organization's conflict of interest policy is distributed to each member of the Organization's governing body, its officers, and its key employees on an annual basis. Each such individual provides an annual disclosure statement indicating that they have received, read, understood and agreed to comply with the policy, and certifying that: (1) they have no relationships or interests that present a conflict of interest, (2) they have one or more conflicts of interest that have been fully disclosed as required by the policy and have been properly administered in conformity with the policy, or (3) they have previously undisclosed conflicts of interest and disclosing the details of such conflicts. Any disclosure statements with previously undisclosed conflicts of interest are forwarded to appropriate Organization officials to take appropriate actions as required by the policy. Form 990, Part VI, Section B, line 15 The Organization's compensation-setting policy requires that an independent committee of the Board of Directors determine the compensation package of all officers and directors of the Organization. In addition, the independent committee of the Board of Directors reviews the salary levels of all employees who are family members of any officer or director, and, in the event that a family member employee is paid more than other individuals with similar positions within the Organization, the independent committee of the Board of Directors determines the compensation of that family member using the same compensation-setting procedures applicable to officers and directors. The independent committee of the Board of Directors considers, in setting such compensation, a compensation study by special legal counsel with expertise in the area of reasonable compensation for nonprofit executives, utilizing data regarding compensation paid to persons serving in similar capacities in comparable organizations as well as national compensation data such as that published by the National Association of Church Business Administrators, the Christian Management Association and Guidestar. These compensation studies are performed periodically. Form 990, Part VI, Section C, line 19 The Organization makes its financial statements and its Form 990 available to the public through the Organization's website. Financial statements, Form 990 and governing documents are available by mail upon request. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Change in estimated fair value of interest rate swap contracts ($21,962) -21,962. Total to Form 990, Part XI, Line 5: -21,962. LM SPE A LLC 421 Ligonier Court Sanford FL 32771 900728760 Real estate holding entity FL 14292 441000 N/A