Auburn Theological Seminary

“The form 990 is prepared in draft by o'connor davies llp based on information provided by the finance office. The draft is reviewed carefully by the cfo and some corrections are made. This semi-final draft is provided in both paper and electronic copy to both the audit and finance committee of the board for their review and recommendation, along with a summary narrative provided by the cfo. The finance committee has an opportunity to ask questions or to make further changes at this juncture. Once these updates have been implemented, the final draft of the form 990 is distributed to the full board of directors, in both paper and electronic versions, for their review with a copy of the finance committee's recommendation to approve. The form 990 is then filed after the document has been reviewed by the full board, and after any and all questions are addressed and answered.”

“The conflict of interest policy is annually given to all board and senior staff members. The executive office keeps copies of all the forms submitted. If there are reports of potential conflicts of interest, these are brought to the attention of the evp and cfo, who brings them to the appropriate committee of the board for further review. Any individual who has a reported potential conflict is recused from the room when this topic is discussed. After review the appropriate committee brings its recommendation to the full board for a vote on how to best handle the matter. In the spring of 2014, auburn modified its previous conflict of interest policy to conform with the requirements of the new non-profit revitalization act. The cfo and evp jointly gave an educational presentation to the full board of directors about these new policies at the may board meeting.”

“The president's compensation is determined by a board compensation committee that works with auburn's historic approach to compensation as well as current comparables with other organizations through research and surveys. The executive committee of the board conducts an annual review of other officers and key employees including a consideration of current comparables and study of published compensation. Board members are frequently involved in the hiring process for senior staff members. The full board's approval of these decisions is documented in the motion to approve the annual budget. The president's salary was last updated in 2014; the executive vp in 2014 and the cfo in 2014.”

“Auburn theological seminary makes its form 990, form 1023 and the audited financial statements available for public inspection as required under section 6104 of the internal revenue code by posting it on its own website, auburnseminary.org, as well as on guidestar.org and other similar types of websites. In addition forms 990, form 1023 as well as the financial statements and conflict of interest policy are available upon written request at 457 riverside drive, new york, ny 10115 or by calling the organization directly at (212) 662-4315.”

“Educational consultants: program service expenses 94,217. Management and general expenses 810. Fundraising expenses 2,704. Total expenses 97,731. Research consultants: program service expenses 6,291. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,291. Interns & temporary help: program service expenses 59,185. Management and general expenses 4,588. Fundraising expenses 2,905. Total expenses 66,678. Communications professionals: program service expenses 266,193. Management and general expenses 5,544. Fundraising expenses 2,762. Total expenses 274,499. Coaches: program service expenses 101,050. Management and general expenses 1,031. Fundraising expenses 3,094. Total expenses 105,175. Architects: program service expenses 37,330. Management and general expenses 2,489. Fundraising expenses 7,468. Total expenses 47,287. Writers and editors: program service expenses 2,861. Management and general expenses 14. Fundraising expenses 0. Total expenses 2,875. Strategic planning consultants: program service expenses 5,909. Management and general expenses 345. Fundraising expenses 998. Total expenses 7,252. Other fundraising assistance: program service expenses 53,511. Management and general expenses 0. Fundraising expenses 65,402. Total expenses 118,913. Videographers: program service expenses 41,114. Management and general expenses 562. Fundraising expenses 154. Total expenses 41,830. Media consultants: program service expenses 89,529. Management and general expenses 67. Fundraising expenses 0. Total expenses 89,596. Graphic designers: program service expenses 36,544. Management and general expenses 269. Fundraising expenses 720. Total expenses 37,533. It consultant: program service expenses 25,441. Management and general expenses 0. Fundraising expenses 75. Total expenses 25,516.”

“Auburn has a committee that assumes responsibility for oversight of the audit of its financial statements and selection of an independent auditor. This process did not change from the prior year.”