Gordon-Conwell Theological Seminary Inc

“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.”

“Gordon-Conwell requires a conflict of interest policy form to be signed annually by each Trustee, President's Cabinet Member, and Faculty Member. The Chairman of the Board of Trustees is responsible for enforcing the policy for all Trustees. The President is responsible for enforcing the policy for all President's Cabinet Members and Faculty Members.”

“Compensation of Gordon-Conwell's President and Vice President for Finance and Operations/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.”

“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. Gordon-Conwell also makes its Annual Report and financial statements available on its website.”

“Other Fees: Program service expenses 2,507,130. Management and general expenses 666,873. Fundraising expenses 47,989. Total expenses 3,221,992.”

“Gordon-Conwell Theological Seminary, Inc. 130 Essex Street South Hamilton, MA 01982 EIN 04-2463847 Gordon-Conwell Theological Seminary, Inc. is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n).”

“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.”

“Housing assistance loans are 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.”