Civic Intelligence

Hartford International University for Religion and Peace

990 • Fiscal year 2017 • EIN 06-0647016

Jul 01, 2016 to Jun 30, 2017 • Filed on Feb 08, 2018

Organization ProfileWWW.HARTSEM.EDU

View Organization Page

77 Sherman StreetHartford, CT 06105

(860) 509-9500

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

7th percentile

0.01x

Higher debt load relative to assets than 7% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Liabilities / Revenue

13th percentile

0.07x

Higher debt load relative to revenue than 13% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Net Margin

17th percentile

-6.4%

Higher net margin than 17% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Top Officer Pay

27th percentile

$222,198

Higher top officer pay than 27% of similar nonprofits.

Top officer pay equals 4.7% of source-year revenue.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Asset Growth

59th percentile

8.0%

Faster asset growth than 59% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Revenue Growth

17th percentile

-7.3%

Faster revenue growth than 17% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets7th percentile

Assets

Up

$53,230,411

Up $3,931,851 (+8.0%) from 2016

Net Assets

Up

$52,881,299

Up $4,000,708 (+8.2%) from 2016

Liabilities

Down

$349,112

Down $68,857 (-16%) from 2016

Revenue And Expenses
Liabilities / Revenue13th percentileNet Margin17th percentile

Revenue

Down

$4,762,189

Down $377,707 (-7.3%) from 2016

Expenses

Up

$5,067,846

Up $141,915 (+2.9%) from 2016

Net Income

Down

-$305,657

Down $519,622 (-243%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth59th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$100M$50M$0Assets 2010: $37,060,795Liabilities 2010: $468,202Net Assets 2010: $36,592,5932010Assets 2011: $42,573,725Liabilities 2011: $453,340Net Assets 2011: $42,120,3852011Assets 2012: $42,484,587Liabilities 2012: $1,022,016Net Assets 2012: $41,462,5712012Assets 2013: $45,093,245Liabilities 2013: $813,313Net Assets 2013: $44,279,9322013Assets 2014: $50,255,897Liabilities 2014: $578,189Net Assets 2014: $49,677,7082014Assets 2015: $50,859,027Liabilities 2015: $425,887Net Assets 2015: $50,433,1402015Assets 2016: $49,298,560Liabilities 2016: $417,969Net Assets 2016: $48,880,5912016Assets 2017: $53,230,411Liabilities 2017: $349,112Net Assets 2017: $52,881,2992017Assets 2018: $60,665,324Liabilities 2018: $152,264Net Assets 2018: $60,513,0602018Assets 2019: $61,778,304Liabilities 2019: $151,508Net Assets 2019: $61,626,7962019Assets 2020: $60,859,478Liabilities 2020: $631,435Net Assets 2020: $60,228,0432020Assets 2021: $82,751,119Liabilities 2021: $715,929Net Assets 2021: $82,035,1902021Assets 2022: $70,630,501Liabilities 2022: $249,460Net Assets 2022: $70,381,0412022Assets 2023: $72,180,481Liabilities 2023: $275,009Net Assets 2023: $71,905,4722023Assets 2024: $77,703,392Liabilities 2024: $319,410Net Assets 2024: $77,383,9822024

Highlighted filing

2017

Assets$53,230,411
Liabilities$349,112
Net Assets$52,881,299
Open 2017 Filing

Operations Trend

Revenue Growth17th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $4,774,8472010Expenses 2011: $4,847,6892011Expenses 2012: $4,710,8322012Revenue 2013: $6,476,331Expenses 2013: $4,821,207Net Income 2013: $1,655,1242013Revenue 2014: $3,942,877Expenses 2014: $4,881,176Net Income 2014: -$938,2992014Revenue 2015: $6,121,774Expenses 2015: $4,760,578Net Income 2015: $1,361,1962015Revenue 2016: $5,139,896Expenses 2016: $4,925,931Net Income 2016: $213,9652016Revenue 2017: $4,762,189Expenses 2017: $5,067,846Net Income 2017: -$305,6572017Revenue 2018: $11,459,020Expenses 2018: $5,528,019Net Income 2018: $5,931,0012018Revenue 2019: $5,837,929Expenses 2019: $5,483,777Net Income 2019: $354,1522019Revenue 2020: $5,209,809Expenses 2020: $5,507,911Net Income 2020: -$298,1022020Revenue 2021: $11,074,281Expenses 2021: $5,455,474Net Income 2021: $5,618,8072021Revenue 2022: $3,322,795Expenses 2022: $6,847,916Net Income 2022: -$3,525,1212022Revenue 2023: $8,691,207Expenses 2023: $7,673,324Net Income 2023: $1,017,8832023Revenue 2024: $7,989,788Expenses 2024: $8,103,376Net Income 2024: -$113,5882024

Highlighted filing

2017

Revenue$4,762,189
Expenses$5,067,846
Net Income-$305,657
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Feb 8, 2018
Return Version
2016v3.0
Gross Receipts
$8,523,005
Mission and Program Overview

Mission

Hartford seminary prepares students to understand and live in today's multi-faith world. The seminary provides educational opportunities that enable participants to understand themselves and their faith traditions better and to contribute more fully to a culture of dialogue and creative leadership in their civic and faith communities locally, nationally and abroad.

Hartford seminary prepares students to understand and live in today's multi-faith world. The seminary provides educational opportunities that enable participants to understand themselves and their faith traditions better, and to contribute more fully to a culture of dialogue and creative leadership in their civic and faith communities locally, nationally and abroad.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$38,285,192$42,269,427▲ $3,984,235
Investments Other Securities$3,450,357$3,508,639▲ $58,282
Land, Buildings, and Equipment, Net$2,062,675$2,045,357▼ $17,318
Pledges and Grants Receivable$736,145$474,843▼ $261,302
Savings and Temporary Cash Investments$201,857$379,569▲ $177,712
Cash and Non-Interest-Bearing Accounts$361,746$174,354▼ $187,392
Prepaid Expenses and Deferred Charges$190,720$136,053▼ $54,667
Accounts Receivable$160,862$129,314▼ $31,548
Total Assets$49,298,560$53,230,411▲ $3,931,851
Other Assets Total$3,849,006$4,112,855▲ $263,849
Liabilities
Accounts Payable and Accrued Expenses$255,507$223,040▼ $32,467
Deferred Revenue$162,462$126,072▼ $36,390
Total Liabilities$417,969$349,112▼ $68,857
Net Assets / Fund Balance
Temporarily Rstr Net Assets$21,243,415$24,263,875▲ $3,020,460
Permanently Rstr Net Assets$19,351,687$19,700,709▲ $349,022
Unrestricted Net Assets$8,285,489$8,916,715▲ $631,226
Total Net Assets Fund Balance$48,880,591$52,881,299▲ $4,000,708
Total Liabilities and Net Assets / Fund Balance$49,298,560$53,230,411▲ $3,931,851

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,453,366$6,724,702$8,178,068
Equipment$243,019$988,592$1,231,611
Land$348,972-$348,972
Other Assets Org$58,892--
Other Securities$966,123--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$42,277,329$244,812▲ $6,041,067$2,268,554$46,294,654
2015$43,947,561$924,911▼ $186,477$2,408,666$42,277,329
2014$43,549,396$1,027,401▲ $1,204,691$1,833,927$43,947,561
2013$38,493,973$52,684▲ $7,380,321$2,377,582$43,549,396
2012$35,102,669$470,320▲ $4,799,984$1,879,000$38,493,973
Compensation and Service Providers
Top Officer Pay27th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Heidi HadsellPresidentFT$189,251$32,947$222,198
Yahya MichotFacultyFT$101,201$32,187$133,388
Michael Sandner EsqChief Business OfficerFT$89,979$15,402$105,381
Feryal SalemFaculty Trustee-$69,069$12,867$81,936
Rev Dr Shanell T SmithFaculty Trustee-$27,223$12,532$39,755

Board Members and Trustees

NameTitle
Dr Vanda B McmurtryChair
Dr M Reza MansoorFirst Vice Chair
Trudie J PriorSecond Vice Chair
Abubaker Al Shingieti PhdTrustee
Allison ChisolmTrustee
Clare FeldmanTrustee
Dr Ali ShakibaiTrustee
Dr Alwi ShihabTrustee
Edmund SeeTrustee
Eliot P WilliamsTrustee
Frank Ra ResnickTrustee
Imam Dr Salahuddin MuhummadTrustee
Imam Yahya HendiTrustee
Martin Budd EsqTrustee
Nancy RobertsTrustee
Peter KellyTrustee
Professor Fatma AntarTrustee
Rabbi Debra CantorTrustee
Rev Dean AhlbergTrustee
Rev Dr Karen Bailey-francoisTrustee
Rev Matt LaneyTrustee
Rev Stephen CampTrustee
Wendy GrammasTrustee
Umar MoghulSecretary
James K Robertson Jr EsqTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$816,361
Program Service Revenue
$1,504,207
Investment Income
$2,172,977
Other Revenue
$268,644
All Other Contributions
$816,361
Change in Net Assets
$-305,657
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,844,819
Other Expenses$1,844,124
Grants and Similar Amounts Paid$378,903
Total Fundraising Expense$349,253
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,024,959$739,974$185,927$1,950,860
Grants to Domestic Individuals$378,903--$378,903
Current Officers, Directors, Trustees, and Key Employees$174,389$125,901$31,633$331,923
Pension Plan Contributions$125,727$95,517$20,743$241,987
Fees for Services Other$95,086$146,480-$241,566
Payroll Taxes$70,348$56,851$36,654$163,853
Other Employee Benefits$95,413$44,996$15,787$156,196
Depreciation Depletion$108,079$35,012$9,133$152,224
All Other Expenses$106,733$36,846-$143,579
Conferences and Meetings$49,577$39,589$17,500$106,666
Insurance-$86,148-$86,148
Information Technology$19,062$61,889-$80,951
Other Expenses$76,908--$76,908
Fees for Service Investment Mgmnt Fees-$75,842-$75,842
Advertising$63,975$8,079-$72,054
Office Expenses$24,387$11,310$22,436$58,133
Travel$35,409$10,818$9,440$55,667
Fees for Services Accounting-$27,750-$27,750
Occupancy$22,045--$22,045
Fees for Services Legal-$12,168-$12,168
Interest-$11-$11
Total Functional Expenses$3,103,412$1,615,181$349,253$5,067,846
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The form 990 is presented to the finance committee for approval. The 990 is then presented to the board of trustees for comment prior to filing.”

Form 990, Part VI, Section B, Line 12C

“The seminary requires officers and trustees to complete an annual statement as to any potential conflicts of interest they may have. Management examines these throughout the year to maintain compliance.”

Form 990, Part VI, Section B, Line 15A

“The president is reviewed annually by a committee comprised of the chair of the board of trustees, and the first and second vice chairs. The committee meets prior to the review meeting to prepare its observations on the performance of the president, to identify areas for attention in the coming contract period and to arrive at the compensation package. In doing so, the committee takes into consideration the president's performance, the overall operating environment of the seminary and that of the category of theological education. Additionally, the committee considers general compensation trends in academic institutions, as well as the report on compensation of peer institutions produced by the accrediting association for theological schools. The president also prepares a self-assessment, which is provide to the committee prior to the president's review meeting.”

Form 990, Part VI, Section C, Line 19

“The seminary makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Hartford Seminary
EIN
06-0647016
Phone
8605099500
Address
77 SHERMAN STREET, HARTFORD, CT 06105

Signing Officer

Name
Dr Heidi Hadsell President
Title
President
Phone
8605099500
Signed
2018-02-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Heidi Hadsell
Formed
1833
Legal Domicile
Ct
Voting Board Members
28
Independent Board Members
25
Employees
72
Volunteers
35

Preparer

Firm
BLUM SHAPIRO & COMPANY PC CPA'S
Address
29 S MAIN STREET PO BOX 272000, WEST HARTFORD, CT 06127-2000
Preparer
Lori M Budnick
Phone
8605614000
Raw XML AppendixShowing 400 of 748 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0HARTFORD SEMINARY PREPARES STUDENTS TO UNDERSTAND AND LIVE IN TODAY'S MULTI-FAITH WORLD. THE SEMINARY PROVIDES EDUCATIONAL OPPORTUNITIES THAT ENABLE PARTICIPANTS TO UNDERSTAND THEMSELVES AND THEIR FAITH TRADITIONS BETTER, AND TO CONTRIBUTE MORE FULLY TO A CULTURE OF DIALOGUE AND CREATIVE LEADERSHIP IN THEIR CIVIC AND FAITH COMMUNITIES LOCALLY, NATIONALLY AND ABROAD.
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IRS990/Desc0HARTFORD SEMINARY'S DEGREE AND CERTIFICATE PROGRAMS SERVE OVER 400 PERSONS FROM MANY RELIGIOUS TRADITIONS AND GEOGRAPHIC AREAS IN THE GREATER HARTFORD REGIONS, AS WELL AS NATIONALLY AND INTERNATIONALLY. WE OFFER OVER 80 COURSES A YEAR, BOTH CREDIT AND NON-CREDIT, IN RELIGION, THEOLOGY AND MINISTERIAL PRACTICE, FOCUSING ON THE THREE ABRAHAMIC RELIGIONS (CHRISTIANITY, ISLAM, AND JUDAISM). THESE CLASSES MEET WEEKLY FOR TWO SEMESTERS OF 15 WEEKS, OR ON INTENSIVE WEEKEND AND WEEKLONG MODULES IN JANUARY AND JUNE SESSIONS. BY OFFERING THESE COURSES AND ACADEMIC PROGRAMS, HARTFORD SEMINARY HOPES TO FOSTER INTERFAITH DIALOGUE AND THE DEVELOPMENT OF EFFECTIVE RELIGIOUS LEADERS BOTH HERE AND ABROAD. OUR MISSION IS TO "SERVE GOD BY PREPARING LEADERS, STUDENTS, SCHOLARS AND RELIGIOUS INSTITUTIONS" FOR FAITHFUL LIVING IN A PLURALISTIC WORLD. HARTFORD SEMINARY ALSO OFFERS EDUCATIONAL OUTREACH PROGRAMS. IN THE 2016-2017 ACADEMIC YEAR, THE SEMINARY OFFERED 22 EDUCATION OUTREACH PROGRAMS. ATTENDANCE AT EACH EVENT RANGED FROM 10 TO 225 PEOPLE. THE OBJECTIVE OF THE PROGRAM IS TO SERVE CORE CONSTITUENCIES AND REACH OUT TO ATTRACT NEW PEOPLE.
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IRS990/Form990PartVIISectionAGrp/PersonNm28MICHAEL SANDNER ESQ
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IRS990/Form990PartVIISectionAGrp/TitleTxt2SECOND VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt21TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt22TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt23TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt24TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt25FACULTY TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt26TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt27PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt28CHIEF BUSINESS OFFICER
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IRS990/MissionDesc0HARTFORD SEMINARY PREPARES STUDENTS TO UNDERSTAND AND LIVE IN TODAY'S MULTI-FAITH WORLD. THE SEMINARY PROVIDES EDUCATIONAL OPPORTUNITIES THAT ENABLE PARTICIPANTS TO UNDERSTAND THEMSELVES AND THEIR FAITH TRADITIONS BETTER AND TO CONTRIBUTE MORE FULLY TO A CULTURE OF DIALOGUE AND CREATIVE LEADERSHIP IN THEIR CIVIC AND FAITH COMMUNITIES LOCALLY, NATIONALLY AND ABROAD
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IRS990/OtherExpensesGrp/Desc0PROJECT GRANTS
IRS990/OtherExpensesGrp/Desc1UTILITIES
IRS990/OtherExpensesGrp/Desc2REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc3LIBRARY BOOKS

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$53,230,411
Liabilities
$349,112
Net assets
$52,881,299
Revenue
$4,762,189
Expenses
$5,067,846
Net income
-$305,657
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$77.7$0.32$77.4$7.99$8.10$0.11
2023Detailed filing. Detailed filing data is available for this year.$72.2$0.28$71.9$8.69$7.67$1.02
2022Detailed filing. Detailed filing data is available for this year.$70.6$0.25$70.4$3.32$6.85$3.53
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$82.8$0.72$82.0$11.1$5.46$5.62
2020Detailed filing. Detailed filing data is available for this year.$60.9$0.63$60.2$5.21$5.51$0.30
2019Detailed filing. Detailed filing data is available for this year.$61.8$0.15$61.6$5.84$5.48$0.35
2018Detailed filing. Detailed filing data is available for this year.$60.7$0.15$60.5$11.5$5.53$5.93
2017Detailed filing. Detailed filing data is available for this year.$53.2$0.35$52.9$4.76$5.07$0.31
2016Detailed filing. Detailed filing data is available for this year.$49.3$0.42$48.9$5.14$4.93$0.21
2015Detailed filing. Detailed filing data is available for this year.$50.9$0.43$50.4$6.12$4.76$1.36
2014Detailed filing. Detailed filing data is available for this year.$50.3$0.58$49.7$3.94$4.88$0.94
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$45.1$0.81$44.3$6.48$4.82$1.66
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$42.5$1.02$41.5$4.71
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$42.6$0.45$42.1$4.85
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$37.1$0.47$36.6$4.77
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)3 • $50M-$100M nonprofits