2024-04-01T09:54:52-05:00 2023-06-30 FORVIS LLP 111 E Wayne St Suite 600 Fort Wayne IN 46802 990 2022-07-01 161554414 NORTHEASTERN SEMINARY % LAURIE J LEO NORT 5855946000 2265 WESTSIDE DRIVE ROCHESTER NY 14624 LAURIE J LEO CFO 5855946000 2023-11-15 true LAURIE J LEO 999009999 Lauren R Denton P01571860 2604604000 2 2022 2023-04-26 12:10:37Z RUPERT A HAYLES JR 2265 WESTSIDE DRIVE ROCHESTER NY 14624 3063769 false X WWW.NES.EDU X 1998 NY ROOTED IN BIBLICAL AND HISTORIC CHRISTIAN FAITH, NORTHEASTERN SEMINARY PREPARES CHRIST-CENTERED MEN AND WOMEN FOR FAITHFUL, EFFECTIVE MINISTRY TO THE CHURCH AND WORLD. 24 24 0 20 0 0 808107 1573456 1554276 1392176 0 0 66286 98137 2428669 3063769 631170 153164 0 0 1162018 1304976 0 0 86077 615919 1275287 2409107 2733427 19562 330342 8075453 9289773 1282980 2107504 6792473 7182269 NORTHEASTERN SEMINARY STRIVES TO BE A VIBRANT SOURCE FOR CHRISTIAN THEOLOGICAL FORMATION WHOSE STUDENTS ARE FORMED IN A BIBLICAL VISION OF GRACIOUS CHRISTIANITY AND IMPACT WHOLENESS TO THE WORLD IN AN EXPANSIVE ARRAY OF VOCATIONS AND CONTEXTS. false false 2314881 153164 1490313 TO PREPARE MEN AND WOMEN FOR CHRISTIAN MINISTRY, BOTH LAY AND ORDAINED ROOTED IN CLASSICAL CHRISTIAN FAITH, THE SEMINARY CREATIVELY SEEKS TO EQUIP ITS STUDENTS FOR MINISTRY TO CONTEMPORARY CULTURE. 2314881 true true false false false false false false false true true true false false true false true true true false false false false false false false false false true true false false false false false false false false false true false false false true false false false true 0 0 0 false false false false false false false false false false false false X 24 24 false false false false false false false true true false false false true true true true true true true false NY X LAURIE J LEO 5855946000 2301 WESTSIDE DRIVE ROCHESTER NY 14624 DEANA PORTERFIELD PRESIDENT (LEFT 06/23) 4.0 50.0 X 0 229475 50387 LAURIE LEO VP OF FINANCE AND CFO 6.0 40.0 X 0 152367 2285 ALEXANDER JONES VP INSTITUTIONAL ADVANCEMENT 2.0 40.0 X 0 119551 22096 KRISTEN BROWN VP FOR STUDENT AND ORGANZATION 40.0 2.0 X 0 107520 8680 BENJAMIN ESPINOZASTART 722 VP AND DEAN OF NORTHEASTERN SE 40.0 2.0 X 0 91600 22980 KEVIN W MANNOIA VICE CHAIR 2.0 2.0 X X 0 0 0 CARYL L WENZKE TRUSTEE 2.0 2.0 X 0 0 0 GUY ADAMS TRUSTEE 2.0 2.0 X 0 0 0 LINDA ADAMS TRUSTEE 2.0 2.0 X 0 0 0 HERBERT ALEXANDER TRUSTEE (START 10/22) 2.0 2.0 X 0 0 0 JANET BALAJTHY TRUSTEE 2.0 2.0 X 0 0 0 LYN BARNETT TRUSTEE (LEFT 01/23) 2.0 2.0 X 0 0 0 PAMELA BRAMAN TRUSTEE 2.0 2.0 X 0 0 0 EMERSON FULLWOOD TRUSTEE 2.0 2.0 X 0 0 0 CHAD GOODCHILD TRUSTEE 2.0 2.0 X 0 0 0 RAMONA GRAHAM TRUSTEE 2.0 2.0 X 0 0 0 TIMOTHY HARNER SECRETARY 2.0 2.0 X X 0 0 0 HOLLY HILLBERG TRUSTEE 2.0 2.0 X 0 0 0 JOHN JENNINGS TRUSTEE (START 10/22) 2.0 2.0 X 0 0 0 ERIC LOGAN TRUSTEE (START 10/22) 2.0 2.0 X 0 0 0 PAUL LYSANDER TRUSTEE 2.0 2.0 X 0 0 0 WAYNE MCCOWN TRUSTEE 2.0 2.0 X 0 0 0 DUNCAN O'DWYER TRUSTEE 2.0 2.0 X 0 0 0 DWIGHT KIP PALMER TRUSTEE (LEFT 10/22) 2.0 2.0 X 0 0 0 DAVID RINKER TRUSTEE 2.0 2.0 X 0 0 0 MAURICIO RIVEROS TRUSTEE 2.0 2.0 X 0 0 0 BARBARA ROSE TRUSTEE 2.0 2.0 X 0 0 0 DEBORAH SCHMIDT VICE CHAIR 2.0 2.0 X X 0 0 0 WESLEY SKINNER JR TRUSTEE 2.0 2.0 X 0 0 0 TERRY TABER CHAIR 2.0 2.0 X X 0 0 0 DEBORAH WHITE TRUSTEE 2.0 2.0 X 0 0 0 0 700513 106428 0 false true false 0 27825 1545631 24965 1573456 TUITION AND FEES 611310 1392176 1392176 1392176 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MISCELLANEOUS REVENUE 611710 98137 98137 98137 3063769 1490313 0 153164 153164 0 0 0 0 1084431 939714 84718 59999 15690 13596 1226 868 204855 125971 68465 10419 0 0 10408 10408 14600 14600 0 0 0 3599 3599 134089 1659 132430 20619 364 19493 762 0 0 46100 46100 28519 13361 1129 14029 0 64518 64518 1848 1848 0 51024 51024 5400 5400 ACADEMIC COSTS & SYMPOSIUMS 77876 77876 MAINTENANCE COSTS 48518 48518 GROUND LEASE 16482 16482 GRANT EXPENDITURES 612295 612295 139392 139392 2733427 2314881 332469 86077 3127 3127 615126 1013622 1113141 2337732 484499 263604 0 0 0 0 0 0 0 0 0 0 2197309 1104898 1111226 1092411 0 0 4383531 4223956 0 0 0 0 364803 355321 8075453 9289773 38285 675248 0 0 101968 83707 0 0 0 0 0 0 0 0 0 0 1142727 1348549 1282980 2107504 X 1027866 991121 5764607 6191148 6792473 7182269 8075453 9289773 X 330342 68936 -9482 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5740202 33131 64298 261642 5575989 6277744 21781 -365125 194198 5740202 5647946 50116 953779 374097 6277744 5520748 251867 33111 157780 5647946 5592934 99066 275343 146595 300000 5520748 0.13180 0.86820 true true true 0 1265909 531682 734227 0 244545 211608 32937 0 686855 361608 325247 1092411 HELD BY ROBERTS WESLEYAN 4223956 F 4223956 0 DUE TO ROBERTS WESLEYAN UNIVERSITY 1348549 1348549 2979541 68936 68936 2910605 153164 153164 3063769 2580263 2580263 153164 153164 2733427 SCHEDULE D, PART V, LINE 4 ENDOWMENT FUNDS ARE USED TO GENERATE EARNINGS FOR THE PROVISION OF SCHOLARSHIPS TO STUDENTS AND VARIOUS ENDOWED SYMPOSIUMS. THE SPENDING RATE MAY NOT EXCEED THE NYPMIFA STATED MAXIMUM RATE OF 7% OF THE FMV OF THE POOL, CALCULATED OVER A ROLLING 5 YEAR PERIOD. SCHEDULE D, PART X, LINE 2 THE SEMINARY IS EXEMPT FROM INCOME TAXES UNDER SECTION 501 OF THE INTERNAL REVENUE CODE AND A SIMILAR PROVISION OF STATE LAW. HOWEVER, THE SEMINARY IS SUBJECT TO FEDERAL INCOME TAX ON ANY UNRELATED BUSINESS TAXABLE INCOME. THE SEMINARY FILES TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. ASC 740 FOOTNOTE MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. PART XI & XII, LINE 4B FINANCIAL AID $153,164 true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 ADVERTISEMENTS IN ALL MEDIA FORMATS, INCLUDING WEBSITE, SUMMARIZE OR ILLUSTRATE THE SEMINARY'S COMMITMENT TO DIVERSITY AND NONDISCRIMINATION. NORTHEASTERN SEMINARY IS COMMITTED TO NONDISCRIMINATION, CONSISTENT WITH THE INSTITUTION'S MISSION AND HISTORIC CHRISTIAN HERITAGE. NES ADMITS ACADEMICALLY QUALIFIED STUDENTS OF ANY CLASS WHICH MAY BE PROTECTED UNDER STATE OF FEDERAL LAWS. SCHEDULE E, PART I, LINE 6A THE SEMINARY PARTICIPATES IN THE FEDERAL DIRECT LOAN PROGRAMS, WHICH PROVIDES LOANS TO ELIGIBLE GRADUATE STUDENTS SUBJECT TO FEDERAL LIMITATIONS AND CREDIT HISTORY OF THE INDIVIDUAL STUDENT. true FINANCIAL AID 96 153164 SCHEDULE I, PART I, LINE 2 OUR FINANCIAL AID OFFICE AWARDS SCHOLARSHIPS TO STUDENTS BASED ON SUBMITTED FAFSA DATA AND ACADEMIC PERFORMANCE. THE FINANCIAL AID OFFICE IS RESPONSIBLE FOR ENSURING COMPLIANCE WITH ALL RELEVANT STATE AND FEDERAL REQUIREMENTS RELATIVE TO GRANT-BASED AID. X false false false false false false false false false DEANA PORTERFIELD PRESIDENT (LEFT 06/23) 0 226961 0 0 0 2514 0 24060 0 26327 0 279862 LAURIE LEO VP OF FINANCE AND CFO 0 152367 0 0 0 0 0 2285 0 0 0 154652 SCHEDULE J, PART II ALL COMPENSATION LISTED ON SCHEDULE J, PART II AND FORM 990, PART VII IS PAID BY ROBERTS WESLEYAN UNIVERSITY. X 1 24965 APPRAISAL REPORT 1 false true false FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED FIRST BY VARIOUS MEMBERS OF THE FINANCE OFFICE, FOLLOWED BY THE CFO, AND THEN THE BOARD OF TRUSTEES' BUSINESS AFFAIRS COMMITTEE. THE FULL BOARD IS PROVIDED A COPY OF FORM 990 WITHOUT SCHEDULE B FOR REVIEW. BEFORE THE 990 IS FILED, AN INDEPENDENT ACCOUNTING FIRM ALSO PERFORMS A REVIEW OF FORM 990. FORM 990, PART VI, SECTION B, LINE 12C POLICIES ARE REVIEWED ANNUALLY WITH THE FULL BOARD OF DIRECTORS, WITH ALL MEMBERS SIGNING OFF ON HAVING RECEIVED AND REVIEWED THEM VIA ELECTRONIC RESPONSE TO THE CHIEF FINANCIAL OFFICER OF NORTHEASTERN SEMINARY. FORM 990, PART VI, SECTION B, LINE 15A NORTHEASTERN SEMINARY EMPLOYEES ARE PAID BY ROBERTS WESLEYAN UNIVERSITY (RWU). A PERIODIC COMPENSATION REVIEW IS PERFORMED FOR THE PRESIDENT BY THE BOARD'S COMPENSATION COMMITTEE AND THE VICE PRESIDENT FOR STUDENT AND ORGANIZATIONAL DEVELOPMENT. THE REVIEW INCLUDES INFORMATION FROM PEER AND INDUSTRY DATA TO DETERMINE EQUITABLE, COMPETITIVE COMPENSATION. THIS COMES FROM BOTH LOCAL AND NATIONAL PAY DATABASES. GENERALLY, SALARIES ARE TIED TO A COMBINATION OF CUPA, ATS, AND LOCAL BENCHMARKS. THE COMPENSATION REVIEW WAS CONDUCTED BY THE COMPENSATION COMMITTEE IN 2018, COVERING THE PERIOD THROUGH JUNE OF 2023. FORM 990, PART VI, SECTION B, LINE 15B ANNUALLY THE RWU BOARD'S COMPENSATION COMMITTEE REVIEWS THE PRESIDENT AND THE VICE PRESIDENT FOR STUDENT AND ORGANIZATIONAL DEVELOPMENT. THIS REVIEW INCLUDES COMPARABILITY DATA FROM THE NATIONAL PAY DATABASES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, THE FORM 990 AND FINANCIAL STATEMENTS ARE PROVIDED TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9 CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS $ -9,482 ROBERTS WESLEYAN UNIVERSITY 2301 WESTSIDE DRIVE ROCHESTER NY 14624 160743126 EDUCATION NY 501(C)(3) 2 NA false HOUSING DEVELOPMENT FOUNDATION 2301 WESTSIDE DRIVE ROCHESTER NY 14624 161583317 HOUSING NY 501(C)(3) 2 RWU false false false false false false false false false false true true false true false false true false true false