Civic Intelligence

Rts Foundation Inc.

990 • Fiscal year 2017 • EIN 64-0918136

Jun 01, 2016 to May 31, 2017 • Filed on Mar 30, 2018

5422 Clinton BoulevardJackson, MS 39209

(601) 923-1600

Siviq Scores

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

Liabilities / Assets

26th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

26th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

13th percentile

-19%

Higher net margin than 13% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

98th percentile

$318,047

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 957.6% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

54th percentile

4.9%

Faster asset growth than 54% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

3rd percentile

-66%

Faster revenue growth than 3% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Up

$637,176

Up $29,577 (+4.9%) from 2016

Net Assets

Up

$637,176

Up $29,577 (+4.9%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Down

$33,212

Down $63,995 (-66%) from 2016

Expenses

Down

$39,625

Down $36,329 (-48%) from 2016

Net Income

Down

-$6,413

Down $27,666 (-130%) from 2016

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2010: $394,472Liabilities 2010: $0Net Assets 2010: $394,4722010Assets 2011: $423,517Liabilities 2011: $36,034Net Assets 2011: $387,4832011Assets 2012: $476,759Liabilities 2012: $0Net Assets 2012: $476,7592012Assets 2013: $549,085Liabilities 2013: $0Net Assets 2013: $549,0852013Assets 2014: $566,529Liabilities 2014: $0Net Assets 2014: $566,5292014Assets 2015: $592,350Liabilities 2015: $0Net Assets 2015: $592,3502015Assets 2016: $607,599Liabilities 2016: $0Net Assets 2016: $607,5992016Assets 2017: $637,176Liabilities 2017: $0Net Assets 2017: $637,1762017Assets 2018: $618,948Liabilities 2018: $0Net Assets 2018: $618,9482018Assets 2019: $618,752Liabilities 2019: $0Net Assets 2019: $618,7522019Assets 2020: $639,697Liabilities 2020: $50,000Net Assets 2020: $589,6972020Assets 2021: $642,465Liabilities 2021: $0Net Assets 2021: $642,4652021Assets 2022: $675,293Liabilities 2022: $0Net Assets 2022: $675,2932022Assets 2023: $693,295Liabilities 2023: $0Net Assets 2023: $693,2952023Assets 2024: $361,709Liabilities 2024: $0Net Assets 2024: $361,7092024

Highlighted filing

2017

Assets$637,176
Liabilities$0
Net Assets$637,176

Operations Trend

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

$400K$200K$0-$200K-$400KExpenses 2010: $50,3342010Expenses 2011: $103,6072011Expenses 2012: $114,8722012Expenses 2013: $91,8502013Revenue 2014: $81,324Expenses 2014: $86,257Net Income 2014: -$4,9332014Revenue 2015: $65,253Expenses 2015: $51,036Net Income 2015: $14,2172015Revenue 2016: $97,207Expenses 2016: $75,954Net Income 2016: $21,2532016Revenue 2017: $33,212Expenses 2017: $39,625Net Income 2017: -$6,4132017Revenue 2018: $71,009Expenses 2018: $116,304Net Income 2018: -$45,2952018Revenue 2019: $44,479Expenses 2019: $45,214Net Income 2019: -$7352019Revenue 2020: $33,549Expenses 2020: $99,359Net Income 2020: -$65,8102020Revenue 2021: $73,022Expenses 2021: $88,022Net Income 2021: -$15,0002021Revenue 2022: $14,404Expenses 2022: $15,999Net Income 2022: -$1,5952022Revenue 2023: $80,256Expenses 2023: $67,244Net Income 2023: $13,0122023Revenue 2024: $19,574Expenses 2024: $348,452Net Income 2024: -$328,8782024

Highlighted filing

2017

Revenue$33,212
Expenses$39,625
Net Income-$6,413
Jump To
Filing Snapshot
Filing Period
Jun 1, 2016 to May 31, 2017
Signed
Mar 30, 2018
Return Version
2016v3.1
Gross Receipts
$46,513
Mission and Program Overview

Mission

The mission of the rts foundation is to serve those who share with reformed theological seminary the vision of providing evangelical biblical and theological education in the reformed tradition for the purpose of preparing pastors, (continued on schedule o) missionaries, counselors and other church leaders for service to the church throughout the world by assisting donors in maximizing their giving to support reformed theological seminary while at the same time providing maximum benefit to themselves and their families. The most advanced tools of estate and gift planning are employed utilizing methods of increasing giving, maximizing tax savings and often to increase lifetime income. The ultimate mission of the rts foundation is to serve christ through the ministry of reformed theological seminary by serving its friendsand supporters.

To support the mission of Reformed Theological Seminary (RTS), by providing assistance to friends of RTS as they consider giving to this ministry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$605,038$635,615▲ $30,577
Cash and Non-Interest-Bearing Accounts$2,561$1,561▼ $1,000
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$607,599$637,176▲ $29,577
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Temporarily Rstr Net Assets$492,365$521,195▲ $28,830
Permanently Rstr Net Assets$100,000$100,000→ $0
Unrestricted Net Assets$15,234$15,981▲ $747
Total Net Assets Fund Balance$607,599$637,176▲ $29,577
Total Liabilities and Net Assets / Fund Balance$607,599$637,176▲ $29,577

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$591,732-▲ $48,268-$618,574
2015$575,566$19,600▲ $5,731-$591,732
2014$546,257$14,950▲ $26,919-$575,566
2013$519,630$13,765▲ $30,049-$546,257
2012$450,386$55,520▲ $32,320-$519,630
Compensation and Service Providers

Employees

NameTitleOtherTotal
Lynwood C PerezPresident$137,442$137,442

Board Members and Trustees

NameTitle
BF BracyTrustee - Chairman
J Ligon Duncan IIIVice President
Collie W LehnTrustee
David LucasTrustee
George R FairTrustee
J Scott Redd SRTrustee
James L MooreTrustee
Larry W EdwardsTrustee
Paul A Hurst IIITrustee
Richard L RidgwayTrustee
Willam M Mounger IITrustee
Roderick Russ IIITrustee - Secretary
E Bradley TisdaleTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$13,170
Program Service Revenue
$0
Investment Income
$12,066
Other Revenue
$7,976
All Other Contributions
$13,170
Change in Net Assets
$-6,413

Audited Revenue Reconciliation

Revenue per Audited Statements
$33,212
Revenue Not Reported on Form 990
$33,041
Total Revenue per Audited Statements
$66,253
Total Revenue per Form 990
$33,212
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$28,700
Other Expenses$10,925
Total Fundraising Expense$10,925
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$28,700--$28,700
Fees for Services Legal--$5,755$5,755
Fees for Service Investment Mgmnt Fees--$2,949$2,949
Fees for Services Accounting--$2,185$2,185
Other Expenses--$36$36
Total Functional Expenses$28,700$0$10,925$39,625

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$39,625
Expenses per Audited Statements$36,676
Total Expenses per Audited Statements$36,676
Expenses Not Reported on Financial Statements$2,949
Other Expense Adjustments$2,949
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Reformed Theological SeminaryJackson, MS501(c)(3)General Operations$19,000
Mississippi Charitable FoundationJackson, MS501(c)(3)See Part IV$9,700
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
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, Page 6, Part VI, Section A, Line 8B:

The RTS Foundation has no other committees besides the governing board of directors.

Form 990, Page 6, Part VI, Section B, Line 11B:

A meeting is held by the Audit/Finance committee of RTS to allow committee members to discuss the return and ask any questions. After discussion/revisions have occurred, the returns are recommended to the executive committee for review and approval to be filed. The Form 990 is also provided to all board members for review prior to filing with the IRS.

Form 990, Page 6, Part VI, Section B, Line 12C:

The Board on an annual basis discloses related party transactions that could give rise to conflicts. These transactions are discussed and recorded in the minutes of the Board meetings for Reformed Theological Seminary. Persons with a conflict are prohibited from participating in the Board's deliberations and decisions regarding the transaction.

Form 990, Page 6, Part VI, Section B, Line 15:

Compensation is not paid to any officer, director, or key employee of the foundation but is paid by Reformed Theological Seminary. The Executive Committee (a subcommittee of 11 members of the Board of Directors of Reformed Theological Seminary) reviews and approves the total compensation of all officers of the seminary and the foundation on an annual basis. The total average compensation from annual surveys of U.S. schools that are members of the Association of Theological Schools is used to determine the reasonableness of officer compensation as well as other market factors such as degrees, designations, years of experience, previous employment relationships, and compensation levels.

Form 990, Page 6, Part VI, Section C, Line 19:

RTS Foundation makes its financial statements, governing documents (articles of incorporation and bylaws), and conflict of interest policy available to the public upon request.

Filing and Contact Details

Filer

Filer Name
RTS Foundation Inc
EIN
64-0918136
In Care Of
% E BRADLEY TISDALE
Phone
6019231600
Address
5422 Clinton Boulevard, Jackson, MS 39209

Signing Officer

Name
E Bradley Tisdale
Title
CFO
Phone
6019231600
Signed
2018-03-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
J Ligon Duncan III
Formed
1999
Legal Domicile
Ms
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
0

Preparer

Firm
Bkd Llp
Address
190 E Capitol Street Ste 500, Jackson, MS 39201-2190
Preparer
Mary F Overstreet CPA
Phone
6019486700
Supplemental Narrative

Financial Statement Notes

Part V, Line 4:

The intended use of the foundation's endowment funds is to make distributions to or for the use of organizations exempt at the time under section 501(c)(3)of the internal revenue code (as amended), unless such organizations' purposes or activities are antithetical to or in conflict with the gospel of jesus christ, as determined by the corporation.

Part X, Line 2:

The consolidated financial statement effects of a tax position taken or expected to be taken are recognized in the consolidated financial statements when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. Interest and penalties, if any, are included in expenses in the consolidated statements of activities. As of May 31, 2017 and 2016, the Foundation had no uncertain tax positions that qualify for recognition or disclosure in the consolidated financial statements.

Part XI, Line 2D:

Investment expenses netted with investment income on audited financial statements but included with expenses on Form 990 - ($2,949)

Part XII, Line 4B:

Investment expenses netted with investment income on audited financial statements but included with expenses on Form 990 - $2,949

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IRS990/MissionDesc0THE MISSION OF THE RTS FOUNDATION IS TO SERVE THOSE WHO SHARE WITH REFORMED THEOLOGICAL SEMINARY THE VISION OF PROVIDING EVANGELICAL BIBLICAL AND THEOLOGICAL EDUCATION IN THE REFORMED TRADITION FOR THE PURPOSE OF PREPARING PASTORS, MISSIONARIES, COUNSELORS AND OTHER CHURCH LEADERS FOR SERVICE TO THE CHURCH THROUGHOUT THE WORLD BY ASSISTING DONORS IN MAXIMIZING THEIR GIVING TO SUPPORT REFORMED THEOLOGICAL SEMINARY WHILE AT THE SAME TIME PROVIDING MAXIMUM BENEFIT TO THEMSELVES AND THEIR FAMILIES. THE MOST ADVANCED TOOLS OF ESTATE AND GIFT PLANNING ARE EMPLOYED UTILIZING METHODS OF INCREASING GIVING, MAXIMIZING TAX SAVINGS AND OFTEN TO INCREASE LIFETIME INCOME. THE ULTIMATE MISSION OF THE RTS FOUNDATION IS TO SERVE CHRIST THROUGH THE MINISTRY OF REFORMED THEOLOGICAL SEMINARY BY SERVING ITS FRIENDS AND SUPPORTERS.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0RTS Foundation is a supporting organization that is operated, supervised, or controlled by its supported organization, Reformed Theological Seminary (RTS). RTS Foundation's Articles of Incorporation states that it is organized, and at all times thereafter is operated exclusively for charitable, scientific, religious, literary and/or educational purposes as described in Section 501(c)(3) of the Internal Revenue Code, and exclusively for the benefit of, to perform the functions of, or to carry out the purposes of RTS, within the meaning of Section 509(a)(3)of the Internal Revenue Code. RTS Foundation's Bylaws state that the organization may make distributions, in the sole and absolute discretion of the trustees, to RTS or to such other organizations organized and operated exclusively for charitable, religious, scientific, literary and/or educational purposes as shall qualify as an exempt organization under Section 501(c)(3) of the Internal Revenue Code. The mission of RTS Foundation is to serve those who share with RTS the vision of providing evangelical biblical and theological education in the reformed tradition for the purpose of preparing pastors, missionaries, counselors and other church leaders for service to the Church throughout the world. RTS Foundation supports RTS through its support of other charitable organizations in the community that have missions in common with the Church.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1RTS Foundation supports the purpose and mission of RTS by providing support to other charitable organizations that have a common goal and purpose. It is through this support that RTS is able to demonstrate its commitment to the community as a whole.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.62$0.00$3.62$0.20$3.48$3.29
2023Detailed filing. Detailed filing data is available for this year.$6.93$0.00$6.93$0.80$0.67$0.13
2022Detailed filing. Detailed filing data is available for this year.$6.75$0.00$6.75$0.14$0.16$0.02
2021Detailed filing. Detailed filing data is available for this year.$6.42$0.00$6.42$0.73$0.88$0.15
2020Detailed filing. Detailed filing data is available for this year.$6.40$0.50$5.90$0.34$0.99$0.66
2019Detailed filing. Detailed filing data is available for this year.$6.19$0.00$6.19$0.44$0.45$0.01
2018Detailed filing. Detailed filing data is available for this year.$6.19$0.00$6.19$0.71$1.16$0.45
2017Detailed filing. Detailed filing data is available for this year.$6.37$0.00$6.37$0.33$0.40$0.06
2016Detailed filing. Detailed filing data is available for this year.$6.08$0.00$6.08$0.97$0.76$0.21
2015Detailed filing. Detailed filing data is available for this year.$5.92$0.00$5.92$0.65$0.51$0.14
2014Detailed filing. Detailed filing data is available for this year.$5.67$0.00$5.67$0.81$0.86$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.49$0.00$5.49$0.92
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.77$0.00$4.77$1.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.24$0.36$3.87$1.04
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.94$0.00$3.94$0.50