Totals
- Total revenue
- $19,574
- Total expenses
- $348,452
- Contributions and grants received
- $0
- Grants paid
- $341,763
- Program service revenue
- $8,446
- Investment income
- $11,128
- Other revenue
- $0
- Total assets, end of year
- $361,709
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $361,709
- Program services expenses (Part IX)
- $341,763
- Management and general expenses
- $0
- Fundraising expenses
- $6,689
- Program service expenses (Part III)
- $341,763
Program services were 98.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: AUXILIARY ENTERPRISES
total $8,446 · related or exempt $8,446
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $11,128 · excluded $11,128
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $341,763 · program services $341,763
-
11c · Fees: accounting
total $6,689 · fundraising $6,689
-
11g · Fees: other
total $0 · program services $0 · management and general $0 · fundraising $0
-
24e · All other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,561 · end of year $1,561
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$0
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $691,734 · end of year $360,148
-
12 · Investments: other securities
beginning of year $0
-
13 · Investments: program-related
beginning of year $0
-
15 · Other assets
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $0 · end of year $0
-
27 · Net assets without donor restrictions
end of year $15,527
-
28 · Net assets with donor restrictions
beginning of year $693,295 · end of year $346,182
Mission and programs · 2023
Mission
SEE SCHEDULE O
Activities or mission (Part I)
TO SUPPORT THE MISSION OF REFORMED THEOLOGICAL SEMINARY (RTS), BY PROVIDING ASSISTANCE TO FRIENDS OF RTS AS THEY CONSIDER GIVING TO THIS MINISTRY.
-
THE FOUNDATION'S PURPOSES ARE EXCLUSIVELY FOR RELIGIOUS, CHARITABLE SCIENTIFIC, LITERARY AND/OR EDUCATIONAL PURPOSES WITHIN THE MEANING OF THE IRC SECTION 501(C)(3). THE FOUNDATION PROVIDED GRANTS TO REFORMED THEOLOGICAL SEMINARY AND OTHER ELIGIBLE 501(C)(3) EXEMPT ORGANIZATIONS APPROVED BY THE FOUNDATION'S BOARD OF TRUSTEES.
Expenses $341,763 · Grants $341,763 · Revenue $8,446
As filed on the 2023 return.
Listed in Part VII
-
Bf BracyBF BRACY
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Roderick S Russ IIIRODERICK S RUSS III
SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Benjamin W RobersonBENJAMIN W ROBERSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Charles L Irby SrCHARLES L IRBY SR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Collie W LehnCOLLIE W LEHN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Craig C RohdeCRAIG C ROHDE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
David H LucasDAVID H LUCAS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
George R FairGEORGE R FAIR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Hugh M ComerHUGH M COMER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
J Bryon JohnsonJ BRYON JOHNSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
J Scott Redd SrJ SCOTT REDD SR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Larry W EdwardsLARRY W EDWARDS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Paul Hurst IIIPAUL HURST III
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Richard L RidgwayRICHARD L RIDGWAY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Robert T CurtisROBERT T CURTIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Scott MaclellanSCOTT MACLELLAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
T David ElkinT DAVID ELKIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
V Hu MeenaV HU MEENA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Warren J Williamson JrWARREN J WILLIAMSON JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
William M Mounger IIWILLIAM M MOUNGER II
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
J Ligon Duncan IIIJ LIGON DUNCAN III
VICE PRESIDENT
- Total calculated
- $326,372
- From this org
- $0
- From related orgs
- $280,111
- Other
- $46,261
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $219,736 related
- Bonus
- $0 + $375 related
- Other
- $0 + $60,000 related
- Deferred
- $0 + $21,131 related
- Nontaxable benefits
- $0 + $25,130 related
- Filer's total
- $0 + $326,372 related
-
Jessica ShortJESSICA SHORT
TREASURER
- Total calculated
- $151,257
- From this org
- $0
- From related orgs
- $135,362
- Other
- $15,895
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $125,362 related
- Bonus
- $0 + $10,000 related
- Other
- $0
- Deferred
- $0 + $8,231 related
- Nontaxable benefits
- $0 + $7,664 related
- Filer's total
- $0 + $151,257 related
-
Ricky RaybornRICKY RAYBORN
PRESIDENT
- Total calculated
- $137,996
- From this org
- $0
- From related orgs
- $108,840
- Other
- $29,156
- Hours/week
- 1 + 40 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
$341,763
General support
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(c)(3) · THEOLOGIC EDU · MS
Directly controlled by NA
-
REFORMED THEOLOGICAL SEMINARY OF FLORIDA
501(c)(3) · THEOLOGIC EDU · FL · controlled entity
Directly controlled by RTS
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 10 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202521009349301272
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