2011-05-13T14:10:29-05:00 2010-06-30 Berry Dunn McNeil & Parker LLC PO Box 1100 Portland ME 041041100 990 2009-07-01 042463847 Gordon-Conwell Theological Seminary Inc GORD 9784687111 130 Essex Street South Hamilton MA 019822317 Robert S Landrebe 9784687111 2011-05-12 1 Barbara J McGuan CPA 2077752387 2011-05-11 2009 2016-02-24 21:20:13Z Dennis P Hollinger 130 Essex Street South Hamilton MA 019822317 45511227 0 X http://www.gordonconwell.edu X 1970 MA The Seminary provides graduate education in theology and religion. 29 29 620 22 0 0 4517074 5024416 19133380 18660068 -1415027 1032198 112661 123516 22348088 24840198 4362905 4258882 0 12573872 12093270 4750 108499 1349100 8408517 7968640 25350044 24429291 -3001956 410907 78866679 81886532 7477559 7243568 71389120 74642964 Gordon-Conwell Theological Seminary is an educational institution serving the Lord and His Church. Its mission is to prepare men and women for ministry at home and abroad. The Seminary undertakes this task as a training partner with the Church so that what is learned on campus can be complemented by the spiritual nurture and exercise of ministry available through the Church. 0 0 14992880 4258882 14618000 Provided graduate theological education that served over 2,800 students in FY10. The Seminary has three campuses: Hamilton, MA; Boston, MA; and Charlotte, NC, and one extension site in Jacksonville, FL. It offers 20 degree programs. 3675391 3490258 Provided auxiliary services in connection with the above, including housing, food services, bookstores, printing/copying, and nursery care. 1056076 551810 Provided continuing education in theological studies for pastors, laity, and others. 19724347 1 1 0 0 0 0 0 1 1 1 1 0 1 0 1 0 1 1 0 0 0 0 1 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 2662 0 1 620 1 0 0 0 0 1 1 1 1 0 0 0 29 29 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 AZ MA NH WI X Robert S Landrebe 9784687111 130 Essex Street South Hamilton MA 019822317 Thomas J Colatosti 1.00 X X 0 0 0 David M Rogers 1.00 X X 0 0 0 Herbert P Hess 1.00 X X 0 0 0 Joseph W Viola 1.00 X X 0 0 0 William F Graham 1.00 X 0 0 0 William C Wood 1.00 X 0 0 0 Virginia M Snoddy 1.00 X 0 0 0 Shirley A Redd 1.00 X 0 0 0 Samuel Rodriguez Jr 1.00 X 0 0 0 Richard P Camp 1.00 X 0 0 0 Michael E Haynes 1.00 X 0 0 0 Linda S Anderson 1.00 X 0 0 0 Claude R Alexander Jr 1.00 X 0 0 0 Joyce A Godwin 1.00 X 0 0 0 John Schoenherr 1.00 X 0 0 0 John H Womack 1.00 X 0 0 0 John G Talcott Jr 1.00 X 0 0 0 John A Huffman Jr 1.00 X 0 0 0 Joel B Aarsvold 1.00 X 0 0 0 Joanna S Mockler 1.00 X 0 0 0 J Christy Wilson III 1.00 X 0 0 0 Ivan C Hinrichs 1.00 X 0 0 0 George F Bennett 1.00 X 0 0 0 Garth T Bolinder 1.00 X 0 0 0 Fred L Potter 1.00 X 0 0 0 Christopher A Lyons 1.00 X 0 0 0 Charles W Colson 1.00 X 0 0 0 Caleb Loring III 1.00 X 0 0 0 Richard A Armstrong 1.00 X 0 0 0 Dennis P Hollinger 50.00 X 106427 0 93978 Robert S Landrebe 50.00 X 142422 0 17240 Garth M Rosell 50.00 X 110473 0 67478 Jeffrey D Arthurs 50.00 X 119828 0 20096 Raymond Pendleton 50.00 X 103793 0 51039 Scott J Hafemann 50.00 X 112950 0 29545 695893 0 279376 6 0 1 0 Sodexo Inc and Affiliates PO Box 360170 Pittsburgh PA 152516170 Food Service 559823 ServiceMaster of Middlesex County PO Box 414 N Andover MA 01845 Cleaning Services 189421 2 492 5023924 263734 5024416 Student Tuition & Fees 900099 14650503 14650503 Auxiliary Enterprises 900099 3683140 3683140 Government Fees & Cont 900099 113764 113764 Archaeology Bible Roya 900099 83432 83432 Other Revenue 900099 80981 80981 48248 48248 18660068 916983 916983 125150 125150 125150 125150 20772917 20657702 115215 115215 115215 11693 492 13327 -1634 -1634 24840198 18660068 0 1155714 4210012 4210012 48870 48870 359421 359421 9815642 7969684 1276797 569161 1444376 1184098 172772 87506 473831 344747 91017 38067 35153 35153 53798 53798 108499 108499 76053 76053 2204555 1978638 211797 14120 166807 16028 2865 147914 1088204 721089 171104 196011 385146 43289 336805 5052 1071400 1049976 21424 655621 465258 128922 61441 91641 51322 27928 12391 184832 181081 3751 1192782 737391 455391 Purchases for Resale 286574 286574 476074 325084 42052 108938 24429291 19724347 3355844 1349100 361412 523625 7605177 1793525 992224 1372364 1149297 1119828 2900402 3159165 279579 246783 252470 376352 52041381 17632197 35006369 34409184 27905403 36397946 2414346 2487760 78866679 81886532 1833739 1803696 881987 797985 1662640 1816844 2141615 1842090 957578 982953 7477559 7243568 X 24688311 25558849 5865101 7355172 40835708 41728943 71389120 74642964 78866679 81886532 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 39618737 318163 3557691 917718 1095984 76053 41404836 46587733 1069547 -5879477 963302 1115145 80619 39618737 0.00000 0.94000 0.06000 0 0 2292411 2292411 43900901 13487561 30413340 5848069 4144636 1703433 34409184 Advances from government for Federal student loans 982953 982953 24840198 24429291 410907 2847846 -4909 2842937 3253844 23437580 2847846 8418 2856264 20581316 4258882 4258882 24840198 20183736 13327 13327 20170409 4258882 4258882 24429291 Part IV, Line 2b: Annuity value related to the charitable remainder trusts and other gift annuities are valued based on the actuarial expected lives of beneficiaries normally using six percent as the interest rate basis to determine present value. Part V, Line 4: Description of Intended Use of Endowment Funds: The intended uses of the Organization's endowment funds are to provide a reliable recurring revenue stream for academic programs, financial aid, general operations and maintenance, and other programs within donor restrictions. Part XI, Line 8 - Other Adjustments: Adjustment - Swap Agreement: -2065. Change in Value, Remainder Trusts & Annuities: -2844. Part XII, Line 2d - Other Adjustments: Change in Value, Remainder Trusts & Annuities: -2844. Adjustment - swap agreement: -2065. Fundraising income netted against expenses: 13327. Part XII, Line 4b - Other Adjustments: Student Aid: 4258882. Part XIII, Line 2d - Other Adjustments: Fundraising expenses netted against income: 13327. Part XIII, Line 4b - Other Adjustments: Student Aid: 4258882. 1 1 1 Gordon-Conwell publishes its racially nondiscriminatory policy on its website's persona pages for prospective students and current students. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 The Seminary participates in the US Department of Education's FFEL, FWS and Perkins programs. 1 1 Central America & Caribbean 0 0 Program Services/Grants Educational Instruction 27150 South America 0 0 Program Services/Grants Educational Instruction 21720 0 0 48870 General Scholarships Central America & Caribbean 25 0 27150 Tuition reduction from full-tuition FMV General Scholarships South America 20 0 21720 Tuition reduction from full-tuition FMV Schedule F, Part IV Other Information Part I, Line 2 & Part I, Column (f), Line 3: Scholarships provided to international students participating in courses hosted outside the U.S.. Scholarships are non-cash tuition reductions from the full-tuition rate and are based on the program the students are in. No other criteria are used to determine the tuition reduction. Payment of reduced-tuition rate is monitored by the Student Accounts Office. Part III, Column (c): The number of recipients is based on reporting by the program manager. X X X X X X 1 The Focus Group Comprehensive Campaign Planning 0 0 77648 77648 Sedulous Inc Planned Giving Consultation 0 0 19461 19461 97109 97109 AZ CO MA NH WI AR NJ UT 1 Endowed Scholarships 259 0 823922 FMV of award amount Tuition reductions from full-tuition Named Scholarships 92 0 252097 FMV of award amount Tuition reduction from full-tuition General Scholarships 974 0 3133993 FMV of award amount Tuition reduction from full-tuition Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: All students who are applying for Federal financial aid are required to complete the FAFSA and the Gordon-Conwell financial aid application. The information obtained from these documents is used by the Financial Aid Office to determine eligibility of Federal and institutional aid. To assist with determining their eligibility, each student is assigned an institutional budget for the cost of attendance. This budget includes tuition, books and fees, room and board, health insurance, transportation, and a miscellaneous category. In general, Gordon-Conwell scholarships are either need-based or merit-based and any Gordon-Conwell aid that is awarded is factored into the eligibility for Federal aid. X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Dennis P Hollinger 106427 0 0 0 0 0 0 0 93978 0 200405 0 0 0 Robert S Landrebe 142422 0 0 0 0 0 0 0 17240 0 159662 0 0 0 Garth M Rosell 110473 0 0 0 0 0 0 0 67478 0 177951 0 0 0 Raymond Pendleton 103793 0 0 0 0 0 0 0 51039 0 154832 0 0 0 Part I, Line 1a Travel for companions is restricted to spouses and only in accordance with the Spousal Travel Policy; Tax indemnification is provided for employee business-related cellular phone use in accordance with the Cellular Phone Policy; Housing allowance is provided to qualifying ordained or licensed ministers that have a church or denomination exercising significant oversight and supervision over their ministerial duties at Gordon-Conwell. Dennis Hollinger Housing Assistance X 200000 200000 0 1 1 200000 X 8 263734 Market quotations 0 1 1 Third Party Use: Part I, Line 32b: The Seminary uses State Street Bank and Fidelity Investments to process and immediately sell any publicly traded stock contributions. Form 990, Part VI, Section A, line 2 Trustee Graham is the Chairman, Trustee Aarsvold is the Secretary, and Trustee Hess is a member of the Board of Directors for the Billy Graham Evangelistic Association. Form 990, Part VI, Section B, line 11 Form 990 is prepared and reviewed by management. The return is then reviewed by the tax department of Gordon-Conwell's independent accountants. The public version of the return is next reviewed by the Audit Committee and then the public version of the return is provided to the Board of Trustees before the non-public version of the return is filed with the IRS. Form 990, Part VI, Section B, line 12c Gordon-Conwell requires a conflict of interest policy form to be signed annually. The President is responsible for enforcing the policy for all employees and the Chairman of the Board of Trustees is responsible for enforcing the policy for all officers and trustees. Form 990, Part VI, Section B, line 15 Compensation of Gordon-Conwell's President and Executive Vice President/Chief Financial Officer is determined by the Executive Compensation & Personnel Committee, which is made up of independent members of the Board of Trustees. The Executive Compensation & Personnel Committee reviews compensation survey data for comparable positions at peer schools to determine reasonable and appropriate executive compensation. The final compensation amounts are approved and contemporaneously documented by the Executive Compensation & Personnel Committee and included in the fiscal year budget that is approved by the Board of Trustees. Form 990, Part VI, Section C, line 19 Gordon-Conwell makes its IRS Form 1023, IRS Form 990, IRS determination letter, governing documents, conflict of interest policy, and financial statements available to the public upon request. Public versions of the documents will be provided either via U.S. Postal Service or email. Form 990, Part XI, Line 2c: Oversight of Audit The process of overseeing the financial statement audit and selection of the independent auditor has not changed from the prior year. Form 990, Part V, Line 3a Gordon-Conwell has no unrelated business income. Its revenue is either directly related to its exempt function as a 501(c)(3) school or is excluded from unrelated business income due to the exclusions of rent from real property and all dividends, interest, annuities and other investment income. Form 990, Schedule L, Part II Loans To and From Interested Persons Housing assistance loan to Dennis P. Hollinger is part of the Housing Assistance Program, which is a shared appreciation loan for the purchase of a home. The loan accrues interest during the life of the loan based on a shared appreciation formula and no interest or principal is paid until the borrower is required to pay off the loan. The loan is secured with a second mortgage on the house.