Andover Newton Theological School

“Form 990 was emailed to management and board of trustees for their review. Once reviewed and questions were addressed the form 990 is filed with the irs.”

“The conflict of interest and disclosure policy applies to active members of the board of trustees and designated senior officers, including the president, the vice president for academic affairs and dean of the faculty, the director of institutional advancement, the dean of students and the chief financial officer. Disclosure is required for any condition, situation, or circumstance involving a personal, business, beneficial, or other relationship which creates or could be perceived as creating a conflict with the fiduciary duty owed to the school by a trustee or designated senior officer. Active trustees and designated senior officers of the school are required to identify annually any personal, familial, or business relationship with any person, organization, or entity having substantial business, beneficial, or other relationship with the school which creates a real or apparent conflict with his or her fiduciary duty to the school. Disclosure shall be made annually on a disclosure form which will be held in confidence and reviewed annually by the executive committee. Active trustees and designated senior officers are nevertheless expected to disclose any new condition, situation, or circumstance which creates a real or apparent conflict of interest as soon after it arises as practicable. Active trustees, or designated senior officers, who have declared a real or apparent conflict of interest shall refrain from consideration of and voting on matters related, or reasonably perceived as related, to their disclosed interests. This restriction on participation shall obtain unless the board requests participation for particular reasons. The minutes of the board meeting shall record that the individual did not participate in the discussions, deliberations or decisions of the board with respect to the contract, relationship, individual or organization in question. If a vote is taken, the board member shall not vote, and the minutes of the board meeting shall record this fact. The board may follow other or additional procedures as the board of trustees or president may deem appropriate in particular circumstances.”

“Due to the suspension of administrative and academic activites in 2019 the president's role was changed to an ex-officio position which does not include any monetary compensation. Due to the suspension of administrative and academic activites in 2019 the ex-officio president with the approval of the board reviews and approves the school's employee compensation annually. There were no compensation adjustments or bonuses paid in the fiscal year 2022 and through the school's dissolution in june 2023.”

“The organization makes its governing documents, policies, financial statements and a public disclosure copy of form 990 available to the public upon request for the same period of disclosure as set forth in section 6104(d). In addition, the form 990 without schedule b is available via guidestar and the massachusetts attorney general's office websites.”

“Under the by-laws of the school, the executive committee consists of the chair, the vice chair, the secretary, the treasurer and such other trustees as are elected annually by majority vote of the board of trustees. The president of the school is an ex-officio member of the executive committee. The executive commmittee's primary function is to discuss and determine the agenda for all regularly scheduled meetings of the board of trustees. In addition, the executive committee shall have and may exercise all of the powers and authority of the board of trustees except that the executive committee shall have no power when a meeting of the board of trustees is in session, provided that the exercise of such powers and authority is not contrary to the charter, bylaws or the instrucions of the board of trustees and further provided that the executive committee shall not have the power to elect or appoint officers of the board or to fix the terms of office and to authorize the sale and conveyance of any real property of the school.”

“Andover newton was a graduate theological school training and preparing men and women for christian ministry in the church and the world which suspended all academic activities in june 2019. For fiscal year 2020 through its dissolution in june 2023, the school maintained its legal status per terms of it affilaition agreement with yale divinity school. Beginning in fiscal year 2019 the school and yale university established a congregational studies program within yale divinity school with an academic focus that will substantially be similar to andover newton's academic program. To establish this program the school sought and received approval from the attorney general of the commonwealth of massachusetts to transfer its endowment to yale. The endowment transfer took place in february 2019 and under the agreement the remaining proceeds from the sale of the school's campus (with the final payment in december 2022) and other assets will be transferred to yale. On january 13, 2023, the board of trustees of andover newton theological school unanimously approved the school be voluntarily dissolved by the preparation and presentation of a dissolution petition to the office of the attorney general of the commonwealth of massachusetts and the supreme judicial court, pursuant to m.g.l. C. 180, 11a(d). On june 2, 2023 the supreme judicial court of the commonwealth of massachusetts with the assent of the commonwealth's attorney general approved this petition and ordered andover newton theological school be dissolved as an existing massachusetts corporation in accordance with the provisions of section lla(d) of the massachusetts general laws, as amended. With respect to any interest in a will, estate instrument or trust instrument, yale university shall be deemed as successor in interest to andover newton theological school, all proceeds to be used for the purposes of the andover newton seminary at yale divinity school. The assets transferred to yale will be managed as part of the yale endowment with all funds specifically retained in the name of andover newton seminary.”

“Andover newton was a graduate theological school training and preparing men and women for christian ministry in the church and the world which suspended all academic activities in june 2019. For fiscal year 2020 through its dissolution in june 2023 the school maintained its legal status per terms of it affilaition agreement with yale divinity school. Beginning in fiscal year 2019 the school and yale university established a congregational studies program within yale divinity school with an academic focusthat will substantially be similar to andover newton's academic program. To establish this program the school sought and received approval from the attorney general of the commonwealth of massachusetts to transfer its endowment to yale. The endowment transfer took place in february 2019 and under the agreement the remaining proceeds from the sale of the school's campus (with the final payment in december 2022) and other assets will be transferred to yale upon formal dissolution approval by the commonwealth of massachusetts' attorney general and supreme judicial court. On january 13, 2023, the board of trustees of andover newton theological school unanimously approved the school be voluntarily dissolved by the preparation and presentation of a dissolution petition to the office of the attorney general of the commonwealth of massachusetts and the supreme judicial court, pursuant to m.g.l. C. 180, 11a(d). On june 2, 2023, the supreme judicial court of the commonwealth of massachusetts with the assent of the commonwealth's attorney general approved this petition and ordered andover newton theological school be dissolved as an existing massachusetts corporation in accordance with the provisions of section lla(d) of the massachusetts general laws. With respect to any interest in a will, estate instrument or trust instrument, yale university shall be deemed as successor in interest to andover newton theological school, all proceeds to be used for the purposes of the andover newton seminary at yale divinity school. The assets transferred to yale will be managed as part of the yale endowment with all funds specifically retained in the name of andover newton seminary.”

“Andover newton was a graduate theological school training and preparing men and women for christian ministry in the church and the world which suspended all academic activities in june 2019. For fiscal year 2020 through its dissolution in june 2023 the school maintained its legal status per terms of its affilaition agreement with yale divinity school. Beginning in fiscal year 2019 the school and yale university established a congregational studies program within yale divinity school with an academic focus that will substantially be similar to andover newton's academic program. To establish this program the school sought and received approval from the attorney general of the commonwealth of massachusetts to transfer its endowment to yale. The endowment transfer took place in february 2019 and under the agreement the remaining proceeds from the sale of the school's campus (with the final payment in december 2022) and other assets will be transferred to yale upon formal dissolution approval by the commonwealth of massachusetts' attorney general and supreme judicial court. On january 13, 2023, the board of trustees of andover newton theological schoolunanimously approved the school be voluntarily dissolved by the preparation and presentation of a dissolution petition to the office of the attorney general of the commonwealth of massachusetts and the supreme judicial court, pursuant to m.g.l. C. 180, 11a(d). On june 2, 2023, the supreme judicial court of the commonwealth of massachusetts with the assent of the commonwealth's attorney general approved this petition and ordered andover newton theological school be dissolved as an existing massachusetts corporation in accordance with the provisions of section lla(d) of the massachusetts general laws. With respect to any interest in a will, estate instrument or trust instrument, yale university shall be deemed as successor in interest to andover newton theological school, all proceeds to be used for the purposes of the andover newton seminary at yale divinity school. The assets transferred to yale will be managed as part of the yale endowment with all funds specifically retained in the name of andover newton seminary.”