2026-06-15T22:23:46-05:00 2025-07-31 610891142 HISLE AND COMPANY CPA'S 277 EAST HIGH STREET LEXINGTON KY 405071409 990 2024-08-01 611312812 BSK THEOLOGICAL SEMINARY INC BAPT 5028638300 PO BOX 23079 LEXINGTON KY 40523 DAVID CASSADY PRESIDENT 8597883071 2026-06-15 1 0 KENT D HISLE P00011208 8592593403 2026-06-15 X 2024 2025-03-06 01:10:19Z DAVID CASSADY PO BOX 23079 LEXINGTON KY 40523 966283 0 X WWW.BSKY.ORG X 1996 KY THE BAPTIST SEMINARY OF KENTUCKY PROVIDES CHRISTIAN THEOLOGICAL EDUCATION COMMITTED TO SPIRITUAL DEPTH, INTELLECTUAL HONESTY AND MORAL INTEGRITY. 15 15 0 0 0 0 725764 703312 43820 72123 166400 186731 52275 4117 988259 966283 72158 124220 0 0 972997 970948 0 0 115958 283070 269694 1328225 1364862 -339966 -398579 2968301 2500550 553119 523899 2415182 1976651 THE BAPTIST SEMINARY OF KENTUCKY PROVIDES CHRISTIAN THEOLOGICAL EDUCATION COMMITTED TO SPIRITUAL DEPTH, INTELLECTUAL HONESTY AND MORAL INTEGRITY. 0 0 1005271 124220 194044 EDUCATIONAL TRAINING PROVIDED FOR STUDENTS ENROLLED IN MASTER OF DIVINITY PROGRAM.FALL ENROLLMENT 50 STUDENTS SPRING ENROLLMENT 46 STUDENTS 1005271 1 1 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 0 0 KY X ASHLEY MORRIS 8597883071 PO BOX 23079 LEXINGTON KY 405233079 JOAN FOWLER TRUSTEE 2.00 X X 0 0 0 ANN MCMAHAN TRUSTEE 2.00 X X 0 0 0 MICAH SPICER SECRETARY 2.00 X X 0 0 0 MELODY CHANEY TRUSTEE 1.00 X 0 0 0 DON COLLIVER TREASURER 1.00 X 0 0 0 LARRY GRAY TRUSTEE 1.00 X 0 0 0 KEN HALL CHAIR 1.00 X 0 0 0 ALPHONSO CORNISH TRUSTEE 1.00 X 0 0 0 DWIGHT LOVAN TRUSTEE 1.00 X 0 0 0 DAVID CASSADY PRESIDENT 40.00 X X 70708 0 40800 MARGARET JOLLY TRUSTEE 1.00 X 0 0 0 OMER MIDDLETON TRUSTEE 1.00 X 0 0 0 JONATHON MOREHEAD TRUSTEE 1.00 X 0 0 0 RONALD OLIVER VICE-CHAIR 1.00 X 0 0 0 CAROL HARSTON TRUSTEE 1.00 X 0 0 0 ROSS JOHNSON TRUSTEE 1.00 X 0 0 0 DARTANYA HILL TRUSTEE 1.00 X 0 0 0 70708 0 40800 0 0 0 0 0 703312 703312 TUITION 611710 72123 72123 72123 68927 68927 117804 0 117804 117804 117804 MISCELLANEOUS 611110 4117 4117 4117 966283 194044 0 68927 124220 124220 858153 643615 128723 85815 56722 42542 8508 5672 12002 9002 1800 1200 44071 33053 6611 4407 2885 2135 433 317 16084 11902 2413 1769 8659 6494 1299 866 6207 4593 931 683 20518 15388 3078 2052 43000 43000 6411 4744 962 705 19607 19607 15699 15699 9779 9779 CONTRACT LABOR 61420 45451 9213 6756 GRADUATION/ACADEMIC 16608 12290 2491 1827 FINANCIAL CONSULTANT- I 7031 7031 ACCREDITATION 5651 4238 848 565 30135 22874 3937 3324 1364862 1005271 243633 115958 66502 12927 539469 606849 1800 4360 348 9855 30042 269139 241885 41205 27254 2274071 1819118 35051 0 2968301 2500550 18948 14000 499120 509899 35051 0 553119 523899 X -219514 -219514 2634696 2196165 2415182 1976651 2968301 2500550 X -398579 -32893 -7059 X 0 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 2059135 2059135 1881420 249873 72158 2059135 1937302 48950 6932 1881420 2388838 9840 -235200 50275 165168 10733 1937302 1866504 180377 440764 83950 4568 10289 2388838 1 0 145531 118326 27205 123608 123559 49 27254 PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES NETTED ON THE FINANCIAL STATEMENTS PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES PART V, LINE 4; INTENDED USE OF ORGANIZATION'S ENDOWMENT FUNDS. NAMED ENDOWED SCHOLARSHIPS ARE DESIGNATED FOR STUDENT SCHOLARSHIP (TO HELP DEFRAY COST OF TUITION) AND SUPPORTED BY THE SEMI-ANNUAL PAYOUT FROM THE ENDOWMENT. ENDOWED CHAIRS ARE DESIGNATED FOR A NAMED FACULTY POSITION WHICH IS SUPPORTED BY THE SEMI-ANNUAL PAYOUT FROM THE ENDOWMENT. THE GENERAL ENDOWMENT FUND SUPPORTS A WIDE RANGE OF NEEDS - BOTH OPERATING AND CAPITAL IN NATURE SINE DONATIONS TO THIS FUND ARE NOT RESTRICTED. THE INCOME FROM THIS COULD SUPPORT CLASSROOM AND FACILITY IMPROVEMENTS, TECHNOLOGICAL ENHANCEMENTS, AND ACADEMIC PROGRAMS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 SCHOLARSHIPS AND FINANCIAL AID ARE AVAILABLE TO QUALIFIED STUDENTS. A FINANCIAL AID APPLICATION IS REQUIRED TO BE COMPLETED AND SUBMITTED. APPLICATIONS ARE REVIEWED BY A COMMITTEE MADE UP OF THE FACULTY AND THE DIRECTOR OF ADMISSIONS. X 0 0 0 0 0 0 0 0 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE PROVIDED TO DAVID CASSADY. X 1 AVERAGE HIGH LOW FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B IRS FORM 990 IS REVIEWED BY EXECUTIVE COMMITTEE PRIOR TO FILING WITH FEDERAL AND STATE TAXING AUTHORITIES. FORM 990, PART VI, SECTION B, LINE 12C THE GOVERNANCE MANUAL OF THE BAPTIST SEMINARY OF KENTUCKY CONTAINS A CONFLICT OF INTEREST POLICY WITH RESPECT TO THE BOARD OF TRUSTEES AND SEMINARY EMPLOYEES. TRUSTEES AND EMPLOYEES ARE NOT REQUIRED TO DISCLOSE POSSIBLE INTERESTS LEADING TO CONFLICT BUT THE CHAIR OF THE BOARD OF TRUSTEES AND THE PRESIDENT REGULARY REVIEW ANY MATTERS OF CONCERN REGARDING POSSIBLE CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A IN THE PROCESS OF ANNUAL BUDGET PREPARATION, COMPENSATION FOR THE PRESIDENT IS DISCUSSED BY THE FINANCE COMMITTEE WITH COMPARABILITY DATA. DOLLAR FIGURES FOR A COMPENSATION PACKAGE FOR THE PRESIDENT ARE PRESENTED TO THE EXECUTIVE COMMITTEE WHICH IS RESPONSIBLE FOR AN ANNUAL REVIEW OF THE PRESIDENT AS STATED IN THE INSTITUTIONAL EFFECTIVENESS PLAN. THE FINAL DECISION REGARDING COMPENSATION IS SHARED WITH THE FULL BOARD OF TRUSTEES AS PART OF THE ANNUAL BUDGET PROPSAL. THE BOARD VOTES ON THE BUDGET. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS AND FINANCIAL STATEMENTS THAT ARE OPEN TO PUBLIC INSPECTION ARE AVAILABLE UPON REQUEST. A COPY OF FORM 990 IS FILED WITH THE KENTUCKY ATTORNEY GENERAL'S OFFICE AND IS OPEN FOR PUBLIC INSPECTION. FORM 990, PART XI, LINE 9: INVESTMENT EXPENSES -7,059.