2024-06-17T20:28:21-05:00 2023-07-31 610891142 HISLE AND COMPANY CPA'S 277 EAST HIGH STREET LEXINGTON KY 405071409 990 2022-08-01 611312812 BAPTIST SEMINARY OF KENTUCKY BAPT 5028638300 PO BOX 23079 LEXINGTON KY 40523 DAVID CASSADY PRESIDENT 8597883071 2024-06-17 1 DAVID CASSADY 999009999 0 KENT D HISLE P00011209 8592593403 2024-06-17 X 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DAVID CASSADY PO BOX 23079 LEXINGTON KY 40523 829014 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 17 0 0 0 1738844 604386 81835 96645 160204 123158 2405 4825 1983288 829014 50275 48950 0 0 880443 960944 0 0 118767 276546 296248 1207264 1306142 776024 -477128 3605933 3176815 465165 513175 3140768 2663640 THE BAPTIST SEMINARY OF KENTUCKY PROVIDES CHRISTIAN THEOLOGICAL EDUCATION COMMITTED TO SPIRITUAL DEPTH, INTELLECTUAL HONESTY AND MORAL INTEGRITY. 0 0 955215 48950 165089 EDUCATIONAL TRAINING PROVIDED FOR STUDENTS ENROLLED IN MASTER OF DIVINITY PROGRAM.FALL ENROLLMENT 50 STUDENTS SPRING ENROLLMENT 46 STUDENTS 955215 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 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 1 0 1 17 1 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 71308 0 0 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 71308 0 0 0 0 0 0 0 604386 604386 TUITION 611710 96645 96645 96645 59539 59539 63619 0 63619 63619 63619 MISCELLANEOUS 611110 4825 4825 4825 829014 165089 0 59539 48950 48950 71308 17827 53481 785479 624763 75037 85679 46522 34892 6978 4652 19356 14517 2903 1936 38279 28709 5742 3828 16900 12506 2535 1859 6932 5199 1040 693 8806 6604 1321 881 26936 20202 4040 2694 22294 16721 3344 2229 40400 40400 25691 19268 3854 2569 13938 13938 14694 14694 2462 2462 CONTRACT LABOR 36915 27686 5537 3692 LILY GRANT EXPENSES 22087 16565 3313 2209 LIBRARY 13938 10314 2091 1533 ACCREDITATION 10368 7776 1555 1037 33887 25560 5051 3276 1306142 955215 232160 118767 1025836 90325 526739 531195 3435 2325 348 348 12504 13255 250160 209195 50475 40965 1986596 2426536 0 71866 3605933 3176815 40276 17189 424889 424120 0 71866 465165 513175 X -159820 -110028 3300588 2773668 3140768 2663640 3605933 3176815 -477128 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1937302 48950 6932 1881420 2388838 9840 -235200 50275 165168 10733 1937302 1866504 180377 440764 83950 4568 10289 2388838 1872628 57101 46158 62825 46558 1866504 1820013 75265 96087 74317 44420 1872628 1 0 41459 41293 166 208701 167902 40799 40965 CURRENT PORTION OF OPERATING LEASE LIABILITY 36815 LONG TERM PORTION OF OPERATING LEASE LIABILITY 35051 71866 813802 -8280 -8280 822082 6932 6932 829014 1299210 0 1299210 6932 6932 1306142 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. 19 48950 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.