2026-04-24T10:25:00-05:00 2025-06-30 332621854 CRI CAPIN CROUSE ADVISORS LLC 345 MASSACHUSETTS AVE STE 300 INDIANAPOLIS IN 46204 990 2024-07-01 570833937 GREENVILLE PRESBYTERIAN THEOLOGICAL SEMINARY GREE 8643222718 PO BOX 690 TAYLORS SC 296870014 JONATHAN MASTER PRESIDENT 8643222718 2026-04-24 1 0 ASHLEY PEABODY P01385870 5055022746 2026-04-24 2024 2025-03-06 01:10:19Z JONATHAN MASTER PO BOX 690 TAYLORS SC 296870014 5999269 0 X WWW.GPTS.EDU X 1986 SC EQUIP MEN TO PREACH CHRIST THROUGH BIBLICAL LANGUAGE AND BIBLICAL THEOLOGY EDUCATION. 17 17 22 30 0 0 3638698 4399220 544508 666824 36546 41010 -15097 -46960 4204655 5060094 313879 423296 0 0 2023085 2304002 0 0 319439 1271335 1686505 3608299 4413803 596356 646291 5687008 6441065 26735 74731 5660273 6366334 TO EQUIP MEN TO BE PREACHERS, PASTORS, AND CHURCHMEN FOR CHRIST'S KINGDOM AMONG THE NATIONS. 0 0 3082366 423296 640841 THEOLOGICAL AND EDUCATIONAL SERVICES TO EQUIP MEN TO BE PREACHERS, PASTORS, AND CHURCHMEN FOR CHRIST'S KINGDOM AMONG THE NATIONS IN THE CONTEXT OF BIBLICAL FIDELITY, CONFESSIONAL INTEGRITY, EXPERIMENTAL PIETY, AND ECCLESIASTICAL AUTHORITY FOR APPROXIMATELY 150 STUDENTS. 3082366 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 102 0 1 22 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 SC X BRAD PERKINS 8643222717 PO BOX 690 TAYLORS SC 296870014 X FREDRIC MARCINAK III CHAIRMAN 1.00 X X 0 0 0 JOSEPH FOWLER VICE CHAIRMAN 1.00 X X 0 0 0 JAMES HIGGINS TREASURER 1.00 X X 0 0 0 MARK T BUBE SECRETARY 1.00 X X 0 0 0 DALE S WHITE TRUSTEE 1.00 X 0 0 0 TIM WORRELL TRUSTEE 1.00 X 0 0 0 BRUCE R VRIELING TRUSTEE 1.00 X 0 0 0 IAN HAMILTON TRUSTEE 1.00 X 0 0 0 CARL D ROBBINS TRUSTEE 1.00 X 0 0 0 DANIEL JARSTFER TRUSTEE 1.00 X 0 0 0 DR KEVIN BACKUS TRUSTEE 1.00 X 0 0 0 DR DEL BAILEY TRUSTEE 1.00 X 0 0 0 CORNELIUS JOHNSON TRUSTEE 1.00 X 0 0 0 TRAVIS GRASSMID TRUSTEE 1.00 X 0 0 0 CHARLES OLIVEIRA TRUSTEE 1.00 X 0 0 0 MICHAEL MYERS TRUSTEE ALUMNI REPRESENTATIVE 1.00 X 0 0 0 CAMDEN SPILLER TRUSTEE 1.00 X 0 0 0 JONATHAN MASTER PRESIDENT 40.00 X 166512 0 72739 PATRICK DALY VICE PRESIDENT 40.00 X 176911 0 9435 BRAD PERKINS DIRECTOR OF OPERATIONS 40.00 X 143571 0 7000 WILLIAM VANDOODEWAARD ACADEMIC DEAN 40.00 X 107019 0 40911 BRETT RUDDER DIRECTOR OF ADMISSIONS 40.00 X 122490 0 4400 MATT MOORE DIRECTOR OF ADVANCEMENT 40.00 X 108280 0 2064 JAMES WORTMAN LIBRARIAN 40.00 X 105795 0 2001 930578 0 138550 7 0 1 0 MAVIN CONSTRUCTION PO BOX 1941 GREENVILLE SC 29602 LIBRARY RENOVATION 631972 1 4000 4395220 88987 4399220 TUITION & FEES 611310 609248 609248 CONFERENCE FEES 611310 44396 44396 WAIVER PROGRAM 611310 13180 13180 666824 9050 9050 21600 52147 -30547 -30547 -30547 808001 776041 31960 31960 31960 2400 4000 19827 -17427 -17427 65177 91160 -25983 -25983 26997 26997 26997 5060094 640841 0 20033 423296 423296 482579 386063 67561 28955 1426057 1140845 199648 85564 151698 121358 21238 9102 125708 101841 16707 7160 117960 94368 16514 7078 500 500 30202 30202 6352 6352 357163 347976 9187 303178 77901 52884 172393 245534 22504 223030 3860 3860 280229 70580 209649 199995 104504 95491 66921 34957 31964 166523 152313 14210 14899 14899 CREDIT LOSS EXPENSE 11149 11149 4413803 3082366 1011998 319439 866694 164637 50361 103592 57115 25502 68903 81113 6577510 1943559 4027672 4633951 616263 901912 530358 5687008 6441065 14455 56825 12280 17906 26735 74731 X 5219016 5648234 441257 718100 5660273 6366334 5687008 6441065 646291 59770 0 X 1 X 0 0 0 X 1388544 1737164 4681700 3638698 4399220 15845326 1388544 1737164 4681700 3638698 4399220 15845326 3009278 12836048 17371 5771 29809 75714 30650 159315 8975 29191 26997 65163 16069804 2899814 0.79880 0.74800 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2022 AMOUNT: $ 8,975. 2023 AMOUNT: $ 29,191. 2024 AMOUNT: $ 26,997. SCHEDULE A, PART II THE ORGANIZATION IS A SCHOOL AS DESCRIBED UNDER 170(B)(1)(A)(II) AND IS NOT REQUIRED TO COMPLETE A PUBLIC SUPPORT SCHEDULE. SCHEDULE A, PART II IS COMPLETED TO VERIFY THE SCHOOL CAN QUALIFY UNDER PUBLIC CHARITY STATUS SECTION 170(B)(1)(A)(VI) AND, THEREFORE, QUALIFIES TO USE THE FIRST LISTED SPECIAL RULE FOR SCHEDULE B REPORTING. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 441257 225044 51799 718100 358415 82842 441257 251401 90837 16177 358415 284295 17798 -50692 251401 171754 68710 43831 284295 0.00000 1.00000 0.00000 0 0 343985 343985 5431986 1646523 3785463 752663 267431 485232 48876 29605 19271 4633951 FIXED INCOME SECURITIES 530358 F 530358 4853350 59770 163134 222904 4630446 6352 423296 429648 5060094 4147289 163134 163134 3984155 6352 423296 429648 4413803 PART V, LINE 4: THE ENDOWMENT FUNDS EXIST TO FOSTER THE MISSION OF GREENVILLE PRESBYTERIAN THEOLOGICAL SEMINARY (GPTS) THROUGH EXCELLENCE IN TEACHING, RESEARCH AND WRITING PRODUCTIVITY, AND SERVICE TO CHRIST'S CHURCH. THE PURPOSE OF SUCH APPOINTMENTS IS TO ATTRACT AND RETAIN TEACHERS AND SCHOLARS OF THE HIGHEST ACADEMIC CALIBER AND PERSONAL PIETY TO GPTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 52,147. FUNDRAISING EVENT EXPENSES 19,827. COST OF GOODS SOLD 91,160. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 423,296. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 52,147. FUNDRAISING EVENT EXPENSES 19,827. COST OF GOODS SOLD 91,160. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 423,296. SCHEDULE D, PART V, LINE 1E NET INVESTMENT EARNINGS IN COLUMN (D) THREE YEARS BACK, LINE 1C WAS ADJUSTED TO AGREE TO CHANGES IN THE FINANCIAL STATEMENTS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE ORGANIZATION CURRENTLY ENROLLS STUDENTS OF RACIAL MINORITY GROUPS IN MEANINGFUL NUMBERS CONSISTENT WITH THE PUBLICITY EXCEPTION FOUND IN REV. PROC. 75-50 SECTION 4.03(2)(B). 1 SCHOLARSHIPS 45 325098 SCHOLARSHIPS TUITION DISCOUNTS 24 68438 WAIVERS 6 29760 PART I, LINE 2: SCHOLARSHIPS ARE PROVIDED TO STUDENTS SELECTED THROUGH AN APPLICATION PROCESS. STUDENTS RECEIVING OTHER STUDENT AID ARE SUPPORTED BY THEIR CHURCH, AND THE ORGANIZATION WILL EITHER MATCH A PORTION OF THAT AMOUNT FOR TUITION AND FEES OR WAIVE TUITION BASED ON GRANDFATHERED STATUS AND AMOUNT OF SUPPORT. NO CASH CHANGES HANDS AND FUNDS ARE DIRECTLY TIED TO STUDENT ACCOUNTS. X 1 1 X X 0 0 0 0 0 0 0 1 0 JONATHAN MASTER PRESIDENT 114512 0 25000 0 27000 0 12250 0 60489 0 239251 0 0 0 PATRICK DALY VICE PRESIDENT 134911 0 15000 0 27000 0 9435 0 0 0 186346 0 0 0 BRAD PERKINS DIRECTOR OF OPERATIONS 111571 0 5000 0 27000 0 7000 0 0 0 150571 0 0 0 PART I, LINE 1A PURSUANT TO INTERNAL REVENUE CODE SECTION 107, MINISTERIAL HOUSING ALLOWANCES ARE PROVIDED FOR QUALIFYING MINISTERIAL EMPLOYEES. THIS IS NOT INCLUDED IN TAXABLE COMPENSATION. JONATHAN MASTERS, PRESIDENT, AND WILLIAM VANDOODEWAARD, ACADEMIC DEAN, MET THE QUALIFICATIONS FOR AND RECEIVED A MINISTERIAL HOUSING ALLOWANCE DURING THE TAX YEAR. PART I, LINE 7 OFFICERS AND HIGHLY COMPENSATED EMPLOYEES RECEIVED NON-FIXED BONUS COMPENSATION BASED ON PERFORMANCE. THE AMOUNT FOR THE PRESIDENT WAS DETERMINED AND APPROVED BY THE BOARD OF DIRECTORS. THE AMOUNT FOR OTHER OFFICERS AND HIGHLY COMPENSATED EMPLOYEES WAS DETERMINED AND APPROVED BY THE PRESIDENT. X 5 88987 SELLING COST 0 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS REPRESENT THE NUMBER OF CONTRIBUTIONS RECEIVED, NOT THE NUMBER OF ITEMS DONATED. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN INDEPENDENT TAX PREPARER AND REVIEWED IN DETAIL BY THE ORGANIZATION'S FINANCE COMMITTEE. THE REVIEWED FORM 990 IS THEN PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES ALL OFFICERS AND BOARD MEMBERS TO ANNUALLY COMPLETE AND SIGN A CONFLICT OF INTEREST QUESTIONNAIRE. THE PRESIDENT'S ADMINISTRATIVE STAFF IS RESPONSIBLE FOR REVIEWING THE SIGNED STATEMENTS AND ENSURING THAT INTERESTED PERSONS ARE IN COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. SHOULD ANY POTENTIAL CONFLICTS OF INTEREST BE DISCLOSED, THE BOARD MEMBER OR OFFICER WOULD BE ASKED TO REFRAIN FROM PARTICIPATION IN ANY DELIBERATION OR DECISION WITH REGARD TO MATTERS AFFECTED BY THE RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 15A LINE 15A: THE PRESIDENT'S COMPENSATION IS SET BY THE INDEPENDENT BOARD MEMBERS USING COMPARABILITY DATA. THIS PROCESS IS DOCUMENTED IN THE BOARD MINUTES. LINE 15B: THE PRESIDENT DETERMINES AND APPROVES THE COMPENSATION FOR OTHER OFFICERS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VII, SECTION A, LINE 1A, COLUMN (D) COMPENSATION REPORTED IN PART VII, COLUMN D IS THE AMOUNT REPORTED ON THE INDIVIDUAL'S W-2, BOX 1 OR 5 (WHICHEVER AMOUNT IS GREATER) PER THE IRS INSTRUCTIONS. IN THE CASE OF MINISTER'S COMPENSATION WHEN BOX 5 OF THE W-2 IS NOT APPLICABLE, BOX 1 COMPENSATION IS USED. EMPLOYEE DEFERRALS TO QUALIFIED RETIREMENT PLANS ARE NORMALLY CAPTURED IN BOX 5, NOT BOX 1 OF FORM W-2. FOR REPORTING PURPOSES WE HAVE INCLUDED THE MINISTER'S RETIREMENT PLAN DEFERRALS IN PART VII, COLUMN F. LOG COLLEGE PRESS LLC PO BOX 690 TAYLORS SC 29687 921388763 PRINTING & PUBLICATION SC 32460 36812 GREENVILLE PRESBYTERIAN THEOLOGICAL SEMINARY