2024-05-14T16:21:02-05:00 2023-06-30 390859910 BAKER TILLY US LLP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2022-07-01 208096718 UNITED LUTHERAN SEMINARY ENDOWMENT FOUNDATION UNIT 7173383022 61 SEMINARY RIDGE GETTYSBURG PA 17325 BRANDEE CARIGAN TREASURER 7173383022 2024-05-14 1 BRANDEE CARIGAN XXX-XX-XXXX 0 X KERRI N BOGDA CPA P00760402 7177404863 2024-05-14 X 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z BRANDEE CARRIGAN 61 SEMINARY RIDGE GETTYSBURG PA 17325 11209103 0 X N/A X 2006 PA GROW, HOLD, AND MANAGE INVESTMENTS OF THE UNITED LUTHERAN SEMINARY. 9 7 0 12 0 0 427008 116321 0 0 3247400 2688748 4737 25515 3679145 2830584 3200000 4247848 0 0 0 0 0 0 0 284531 339515 3484531 4587363 194614 -1756779 72860584 74932935 0 0 72860584 74932935 TO INVEST THE FUNDS RAISED BY THE UNITED LUTHERAN SEMINARY ENDOWMENT FOUNDATION AS AN ENDOWMENT FUND FOR THE UNITED LUTHERAN SEMINARY, AND TO HOLD TITLE TO, GROW, AND MANAGE PROPERTY THAT IS DONATED TO THE ENDOWMENT FUND OF THE UNITED LUTHERAN SEMINARY. 0 0 4587363 4247848 0 THE ORGANIZATION HOLDS TITLE TO, INVESTS, MANAGES, AND GROWS FUNDS THAT ARE DONATED TO THE ENDOWMENT FUND OF THE UNITED LUTHERAN SEMINARY. 4587363 1 1 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 1 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 7 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 PA X BRANDEE CARRIGAN TREASURER 7173383022 61 SEMINARY RIDGE GETTYSBURG PA 17325 THE REV DR ROBERT G ERWIN PRESIDENT 1.00 40.00 X X 0 231119 58893 EMRIED D COLE TRUSTEE 1.00 1.00 X X 0 10150 0 DAVID A RUSSELL CHAIR 1.00 1.00 X X 0 0 0 FRED RISSER VICE CHAIR 1.00 1.00 X X 0 0 0 FRANK LEBER TRUSTEE (UNTIL 5/23) 1.00 1.00 X 0 0 0 BRUCE D GEORGE TRUSTEE 1.00 0.00 X 0 0 0 HAROLD L BRAKE TRUSTEE (UNTIL 9/22) 1.00 0.00 X 0 0 0 KAREN A ALBRECHT TRUSTEE 1.00 1.00 X 0 0 0 LESLIE D HOBBS TRUSTEE 1.00 0.00 X 0 0 0 R BRANDON JAMES TRUSTEE 1.00 1.00 X 0 0 0 THE REV DR VICTOR A MYERS TRUSTEE (UNTIL 11/22) 1.00 0.00 X 0 0 0 THE REV ROLAND C HOBBS TRUSTEE 1.00 0.00 X 0 0 0 YVONNE LEMBO TRUSTEE (UNTIL 01/23) 1.00 0.00 X 0 0 0 BUFF CARLSON TREASURER 1.00 40.00 X 0 110804 26845 CONOR BROOKS VICE PRESIDENT 1.00 40.00 X 0 101712 18880 LISA DUBAY SECRETARY 1.00 40.00 X 0 78532 20337 0 532317 124955 0 0 1 0 0 116321 116321 1400334 1400334 9666933 8378519 1288414 1288414 1288414 LEGAL CLAIM SETTLEMENT 900099 25515 25515 25515 2830584 0 0 2714263 4247848 4247848 339515 339515 4587363 4587363 0 0 1 118660 118660 50161257 49335867 13614385 16512127 8966281 8966281 72860584 74932935 0 0 X 13243420 3915150 59617164 71017785 72860584 74932935 72860584 74932935 -1756779 3829130 0 X 0 1 X 0 0 X X X 1 UNITED LUTHERAN SEMINARY 231365169 1 1 4247848 0 1 4247848 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 63831283 141838 6178360 4247848 65903633 72872752 546883 -6388352 3200000 63831283 48442989 12812724 15237039 3620000 72872752 50402198 1654501 -113710 3500000 48442989 25597418 25196712 858068 1250000 50402198 0.06843 0.00000 0.93157 0 0 0 DUE FROM RELATED PARTY 8966281 8966281 X 45610394 3829130 38950680 42779810 2830584 0 2830584 12681146 12681146 12681146 0 4587363 4587363 4587363 PART V, LINE 4: THE ENDOWMENT FUNDS ARE TO BE UTILIZED BY THE UNITED LUTHERAN SEMINARY FOR SCHOLARSHIPS TO STUDENTS, FACULTY COMPENSATION, TECHNOLOGY, AND VARIOUS OTHER PURPOSES. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES AS A NOT-FOR-PROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND APPLICABLE STATE REGULATIONS. ACCORDINGLY, NO PROVISION FOR FEDERAL OR STATE INCOME TAXES HAS BEEN RECORDED IN THE CONSOLIDATED FINANCIAL STATEMENTS FOR THIS ENTITY. ADJUSTMENTS, IF ANY, FOR UNCERTAIN TAX POSITIONS WOULD BE RECORDED AS A LIABILITY. THE ORGANIZATION WOULD ALSO RECOGNIZE ACCRUALS FOR INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS IN ITS INTEREST EXPENSE. MANAGEMENT HAS DETERMINED THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD IN 2023 AND 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: GRANTS -4,247,848. RELATED ORGANIZATION REVENUE 43,538,043. INVESTMENT FEES -339,515. PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED ORGANIZATION EXPENSE 12,681,146. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS 4,247,848. INVESTMENT FEES 339,515. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 11572399 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 522697 0 0 0 0 0 0 12095096 0 12095096 1 0 1 1 1 0 PART III ACCOUNTING METHOD: SCHEDULE F, LINES 1, 3, 4, 5: THE ORGANIZATION HAD TRANSFERS OF FUNDS TO FOREIGN-DOMICILED ENTITIES BUT THE TRANSFERS DID NOT EXCEED THE THRESHOLD FOR FILING. THE ORGANIZATION MAY BE INDIRECTLY INVESTED IN PASSIVE FOREIGN INVESTMENT COMPANIES BUT THE ORGANIZATION IS NOT REQUIRED TO FILE FORM 8621. THE ORGANIZATION HAS INVESTMENTS IN FOREIGN-DOMICILED CORPORATIONS AND PARTNERSHIPS BUT THE INVESTMENTS DO NOT EXCEED THE THRESHOLD FOR FILING FORMS 8865 OR 5471. 1 UNITED LUTHERAN SEMINARY 61 SEMINARY RIDGE GETTYSBURG PA 17325 231365169 501(C)(3) 4247848 0 SCHOLARSHIPS TO STUDENTS, FACULTY COMPENSATION, TECHNOLOGY, AND VARIOUS OTHER PURPOSES. 1 SCHEDULE I, PART I, LINE 2 ALL GRANTS ARE PAID TO A RELATED ORGANIZATION. GRANT FUNDS ARE MONITORED ACCORDING TO THE INTERNAL STANDARDS OF THE RELATED ORGANIZATION. 0 0 0 0 0 0 0 0 0 THE REV DR ROBERT G ERWIN PRESIDENT 0 231119 0 0 0 0 0 27177 0 31716 0 290012 0 0 PART I, LINE 3 OFFICERS ARE PAID BY A RELATED ORGANIZATION. COMPENSATION FOR THE PRESIDENT IS SET AND APPROVED BY THE BOARD OF THE RELATED ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE HAS AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. ANY ACTIONS TAKEN ARE REPORTED TO THE FULL BOARD AT THE NEXT MEETING. FORM 990, PART VI, SECTION A, LINE 2 LESLIE HOBBS, DIRECTOR AND REV ROLAND HOBBS, DIRECTOR, HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF THE ORGANIZATION IS THE UNITED LUTHERAN SEMINARY. FORM 990, PART VI, SECTION A, LINE 7A THE UNITED LUTHERAN SEMINARY APPOINTS THE BOARD MEMBERS FOR THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7B THE SOLE MEMBER OF THE CORPORATION, UNITED LUTHERAN SEMINARY, SHALL HAVE THE RIGHTS SET FORTH IN THE NONPROFIT CORPORATION LAW OF 1988, AS AMENDED, EXCEPT AS PROVIDED OTHERWISE IN THE ARTICLES OF INCORPORATION OR BYLAWS OF THE CORPORATION. THE INTEREST OF THE SOLE MEMBER SHALL BE NON-ASSIGNABLE. IN ADDITION TO ALL OF THE MATTERS REQUIRED BY LAW OR BY OTHER PROVISIONS OF THESE BYLAWS TO BE APPROVED BY THE SOLE MEMBER OF THE CORPORATION, THE SOLE MEMBER MAY INITIATE AND IMPLEMENT ANY PROPOSAL WITH RESPECT TO ANY OF THE FOLLOWING, AND IF ANY PROPOSAL WITH RESPECT TO ANY OF THE FOLLOWING IS OTHERWISE INITIATED, IT SHALL NOT BECOME EFFECTIVE UNLESS APPROVED BY THE SOLE MEMBER OF THE CORPORATION. * THE ELECTION OR REMOVAL AT ANY TIME AND WITHOUT CAUSE OF ANY DIRECTOR OF THE CORPORATION; * ANY ALTERATION, AMENDMENT OR REPEAL OF OR TO THE ARTICLES OF INCORPORATION OR BYLAWS OF THE CORPORATION; * ANY UNBUDGETED BORROWING, ENCUMBRANCING OF ASSETS, OR ANY CAPITAL EXPENDITURES IN EXCESS OF SUCH AMOUNT AS THE SOLE MEMBER MAY DESIGNATE FROM TIME TO TIME, OR ANY OTHER ACTION NOT IN THE ORDINARY COURSE OF THE CORPORATION'S ACTIVITIES; * APPROVAL OF THE CORPORATION'S STRATEGIC PLANS; AND * APPROVAL OF THE SALE, PURCHASE, LEASE OR ENCUMBRANCE WITH DEBT IN ANY WAY, OF REAL PROPERTY OF THE CORPORATION IN EXCESS OF SUCH AMOUNT AS THE SOLE MEMBER MAY DESIGNATE FROM TIME TO TIME. FORM 990, PART VI, SECTION B, LINE 11B A DETAILED REVIEW OF FORM 990 IS PERFORMED BY THE TREASURER OF THE CORPORATION PRIOR TO THE FORM BEING FILED. COPIES OF THE 990 ARE DISTRIBUTED ELECTRONICALLY TO ALL MEMBERS OF THE BOARD BEFORE THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE CORPORATION HAS A CONFLICT OF INTEREST CERTIFICATION THAT ALL BOARD MEMBERS MUST SIGN ANNUALLY. THESE ARE MONITORED BY THE CHAIR OF THE BOARD AND REVIEWED ANNUALLY. IF A CONFLICT ARISES IT IS BROUGHT TO THE BOARD CHAIR AND DISCUSSED. A DETERMINATION IS THEN MADE AS TO WHETHER OR NOT THE BOARD MEMBER HAS A CONFLICT THAT REQUIRES REMOVING THE BOARD MEMBER FROM HIS OR HER POSITION. THE POLICY ALSO EXPLICITLY STATES THAT FAMILY AND BUSINESS RELATIONSHIPS WITH INTERESTED PERSONS MUST BE REPORTED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. UNITED LUTHERAN SEMINARY 61 SEMINARY RIDGE GETTYSBURG PA 17325 231365169 RELIGIOUS EDUCATIONAL INSTITUTION PA 501(C)(3) LINE 1 N/A 0 THE LUTHER INSTITUTE 61 SEMINARY RIDGE GETTYSBURG PA 17325 521339615 EDUCATION DC 501(C)(3) LINE 7 UNITED LUTHERAN SEMINARY 0 SEMINARY RIDGE HISTORIC PRESERVATION FOUNDATION 61 SEMINARY RIDGE GETTYSBURG PA 17325 233011270 PRESERVE CIVIL WAR PROPERTIES PA 501(C)(3) LINE 7 UNITED LUTHERAN SEMINARY 0 LUTHERAN THEOLOGICAL SEMINARY OF PHILADELPHIA 7301 GERMANTOWN AVENUE PHILADELPHIA PA 19111 231352657 THEOLOGICAL EDUCATION PA 501(C)(3) LINE 1 UNITED LUTHERAN SEMINARY 0 0 1 1 1 0 0 0 0 0 0 0 1 1 1 1 0 0 1 1