Civic Intelligence

Rts Foundation Inc.

990 • Fiscal year 2018 • EIN 64-0918136

Jun 01, 2017 to May 31, 2018 • Filed on Apr 04, 2019

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

27th percentile

0.00x

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

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

27th percentile

0.00x

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

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

5th percentile

-64%

Higher net margin than 5% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

98th percentile

$324,570

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 457.1% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

34th percentile

-2.9%

Faster asset growth than 34% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

94th percentile

114%

Faster revenue growth than 94% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Down

$618,948

Down $18,228 (-2.9%) from 2017

Net Assets

Down

$618,948

Down $18,228 (-2.9%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue

Up

$71,009

Up $37,797 (+114%) from 2017

Expenses

Up

$116,304

Up $76,679 (+194%) from 2017

Net Income

Down

-$45,295

Down $38,882 (-606%) from 2017

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

2018

Assets$618,948
Liabilities$0
Net Assets$618,948

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

2018

Revenue$71,009
Expenses$116,304
Net Income-$45,295
Jump To
Filing Snapshot
Filing Period
Jun 1, 2017 to May 31, 2018
Signed
Apr 4, 2019
Return Version
2017v2.3
Gross Receipts
$80,946
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.

See Schedule O

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$635,615$617,387▼ $18,228
Cash and Non-Interest-Bearing Accounts$1,561$1,561→ $0
Total Assets$637,176$618,948▼ $18,228
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Temporarily Rstr Net Assets$521,195$497,593▼ $23,602
Permanently Rstr Net Assets$100,000$100,000→ $0
Unrestricted Net Assets$15,981$21,355▲ $5,374
Total Net Assets Fund Balance$637,176$618,948▼ $18,228
Total Liabilities and Net Assets / Fund Balance$637,176$618,948▼ $18,228

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$618,574$0▲ $40,459-$593,758
2016$591,732$0▲ $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
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$48,937
Program Service Revenue
$0
Investment Income
$13,555
Other Revenue
$8,517
All Other Contributions
$48,937
Change in Net Assets
$-45,295

Audited Revenue Reconciliation

Revenue per Audited Statements
$71,009
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$27,067
Total Revenue per Audited Statements
$98,076
Total Revenue per Form 990
$71,009
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$107,787
Other Expenses$8,517
Total Fundraising Expense$8,517
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$107,787--$107,787
Fees for Services Legal--$6,848$6,848
Fees for Services Accounting--$1,520$1,520
Office Expenses--$149$149
Total Functional Expenses$107,787$0$8,517$116,304

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$116,304
Total Expenses per Audited Statements$116,304
Total Expenses per Form 990$116,304
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Reformed Theological SeminaryJackson, MS501(c)(3)General operations$78,000
Christ Covenant ChurchMatthews, NC501(c)(3)See Part IV$10,700
Senai International IncWaxhaw, NC501(c)(3)See Part IV$9,887
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
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, 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, 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 meeting for Reformed Theological Seminary. Persons with a conflict are prohibited from participating in the Board's deliberations and decisions regarding the transaction.

Form 990, 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, 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
Phone
6019231600
Address
5422 Clinton Boulevard, Jackson, MS 39209

Signing Officer

Name
E Bradley Tisdale
Title
President
Phone
6019231600
Signed
2019-04-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
E Bradley Tisdale
Formed
1999
Legal Domicile
Ms
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
11

Preparer

Firm
Capin Crouse LLP
Address
1255 Lakes Parkway Suite 130, Lawrenceville, GA 30043
Preparer
David C Moja
Phone
6785185301
Supplemental Narrative

Additional Explanations

990, Part I, Line 1 - Organization'S Mission

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

990, Part III, Line 1 - Organization'S 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, 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.

990, Part XII, Line 2C

The organization's Board assumes responsibility for oversight of the audit of its financial statements and selection of its independent accountant. This process has not changed since the prior year.

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 statement of activities. As of May 31, 2018 and 2017, the Foundation had no uncertain tax positions that qualify for recognition or disclosure in the consolidated financial statements.

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IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Service Fee
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt08517
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt08517
IRS990/OtherRevenueTotalAmt08517
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0100000
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0100000
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0E Bradley Tisdale
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt013170
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt028700
IRS990/PYInvestmentIncomeAmt012066
IRS990/PYOtherExpensesAmt010925
IRS990/PYOtherRevenueAmt07976
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-6413
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt039625
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt033212
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-45295
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt08517
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd01
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
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.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Part IV, Section A, Line 1
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1Part IV, Section B, Line 2
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0640428676
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt078000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Reformed Theological Seminary
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt078000
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt05275
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0618574
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt00
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0593758
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt060000
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt040459
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt03726
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0591732
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt00
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0618574
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt017700
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt048268
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt04665
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0575566
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt019600
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0591732
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt04500
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt05731
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt04560
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0546257
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt014950
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0575566
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt08000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt026919
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt04187
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0519630
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt013765
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0546257
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt013000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt030049
IRS990ScheduleD/DisclosedForCharitablePrpsInd01
IRS990ScheduleD/DisclosedOrgLegCtrlInd01
IRS990ScheduleD/DonorAdvisedFundsContriAmt039000
IRS990ScheduleD/DonorAdvisedFundsGrantsAmt092787
IRS990ScheduleD/DonorAdvisedFundsHeldCnt04
IRS990ScheduleD/DonorAdvisedFundsVlEOYAmt0489279
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0116304
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt027067
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.16800
IRS990ScheduleD/RevenueNotReportedAmt027067
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt071009
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The 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.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1The 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 statement of activities. As of May 31, 2018 and 2017, the Foundation had no uncertain tax positions that qualify for recognition or disclosure in the consolidated financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X, Line 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.83200
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0116304
IRS990ScheduleD/TotalRevenuePerForm990Amt071009
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt098076
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0116304
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt078000
IRS990ScheduleI/RecipientTable/CashGrantAmt110700
IRS990ScheduleI/RecipientTable/CashGrantAmt29887
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(c)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0General operations
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1See Part IV
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2See Part IV
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Reformed Theological Seminary
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Christ Covenant Church
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2Senai International Inc
IRS990ScheduleI/RecipientTable/RecipientEIN0640428676
IRS990ScheduleI/RecipientTable/RecipientEIN1561581434
IRS990ScheduleI/RecipientTable/RecipientEIN2262607296
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt05422 Clinton Blvd
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1800 Fullwood Ln
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2PO Box 133
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Jackson
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Matthews
IRS990ScheduleI/RecipientTable/USAddress/CityNm2Waxhaw
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1NC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2NC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd039209
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd128105
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd228173
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Recipient organizations of grant funds are investigated by RTS development staff and approved by the RTS Foundation Board before they are disbursed. This policy ensures that all grant funds are utilized in accordance with the RTS Foundation's mission and purpose.
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt1The purpose of the contributions to Christ Covenant Church were for their general fund ($4,000), building fund ($3,000), scholarship fund ($3,000), and ministry staff ($700).
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt2The purpose of the contributions to Senai International, Inc., were to support ministry staff ($9,887).
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc1Part 2, Line 1(2), Column H
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc2Part 2, Line 1(3), Column H
IRS990ScheduleI/Total501c3OrgCnt03
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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