2026-01-13T11:02:05-06:00 2025-06-30 411534805 CARPENTER EVERT & ASSOCIATES LTD 7760 FRANCE AVE S SUITE 940 BLOOMINGTON MN 55435 990 2024-07-01 410854766 UNITED THEOLOGICAL SEMINARY OF THE TWIN CITIES UNIT 6122015430 767 N EUSTIS ST 140 ST PAUL MN 55114 JEFF SWENSON CFO 6122015430 2026-01-13 1 0 NEAL EVERT P00046853 9528310085 2026-01-13 2024 2025-03-06 01:10:19Z JEFF SWENSON 767 N EUSTIS ST 140 ST PAUL MN 55114 3614551 0 X WWW.UNITEDSEMINARY.EDU X 1960 MN FOSTER INTELLECTUAL, SPIRITUAL, AND PERSONAL GROWTH TO EDUCATE INNOVATIVE AND COMPASSIONATE LEADERS. 23 23 62 3 0 0 1874256 1154286 2490582 2449695 296987 0 13017 10570 4674842 3614551 708629 754136 0 0 2579515 2563174 0 0 0 1475010 1473366 4763154 4790676 -88312 -1176125 18747905 5742021 4594294 4246627 14153611 1495394 UNITED IS A RELIGIOUS AND EDUCATIONAL ORGANIZATION OPERATED TO FOSTER INTELLECTUAL, SPIRITUAL, AND PERSONAL GROWTH TO EDUCATE INNOVATIVE AND COMPASSIONATE LEADERS. 0 0 3225910 2460265 UNITED IS AN INTENTIONALLY OPEN, SOCIALLY AWARE, AND THEOLOGICALLYADVENTUROUS SEMINARY OFFERING 4 DEGREE PROGRAMS THROUGH 20 PLUSDENOMINATIONS AND WORLD FAITH TRADITIONS. UNITED IS EQUIPPING LEADERSTO MAKE REAL, LASTING CHANGE IN THE WORLD, WHETHER YOUR VOCATION IS INFAITH LEADERSHIP, NON-PROFIT LEADERSHIP, ACADEMIA, THE ARTS, ACTIVISM,OR SOCIAL ENTREPRENEURSHIP. FOUNDED AS A WELCOMING, ECUMENICAL SCHOOLTHAT EMBRACES ALL DENOMINATIONS AND FAITH TRADITIONS, UNITED HAS BEENON THE CUTTING EDGE OF PROGRESSIVE THEOLOGICAL THOUGHT LEADERSHIP SINCEIT WAS ESTABLISHED IN 1962. TODAY, UNITED CONTINUES TO TRAIN LEADERSWHO DISMANTLE SYSTEMS OF OPPRESSION, EXPLORE MULTIFAITH SPIRITUALITY,AND PUSH THE BOUNDARIES OF KNOWLEDGE. UNITED'S MAIN PROGRAM SERVICESARE: TRADITIONAL PATH TO MINISTRY AND CHAPLAINCY, LEADERSHIP FOR SOCIAL 3225910 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 38 0 1 62 1 0 0 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 1 0 0 MN X JEFF SWENSON 6512556113 767 N EUSTIS ST 140 ST PAUL MN 55114 AHSHUA BOLTON BOARD MEMBER 1.00 X 0 0 0 BILL DAVNIE BOARD MEMBER 1.00 X 0 0 0 CLYDE STECKEL BOARD MEMBER 1.00 X 0 0 0 DAVID ANDERSON CHAIR 1.00 X X 0 0 0 DAVID LONG-HIGGINS BOARD MEMBER 1.00 X 0 0 0 DEWAYNE DAVIS BOARD MEMBER 1.00 X 0 0 0 DIANNE OLIVER BOARD MEMBER 1.00 X 0 0 0 ELENA LARSSEN BOARD MEMBER 1.00 X 0 0 0 ELIZABETH MACAULAY CO-CHAIR OF THE CAPITAL CAMPAIGN, CHAIR OF THE ACA 1.00 X X 0 0 0 GARY REIERSON BOARD MEMBER 1.00 X 0 0 0 JACK ROSSMAN BOARD MEMBER 1.00 X 0 0 0 JEANNE COTTER BOARD MEMBER 1.00 X 0 0 0 JEFF SWENSON CFO/VP FOR FINANCE AND ADMINISTRATION 32.00 X X 95580 0 6692 JOHN LUNDQUIST TREASURER, CHAIR OF THE FINANCE COMMITTEE 1.00 X X 0 0 0 KAREN SMITH-SELLERS BOARD MEMBER 1.00 X 0 0 0 KEN DANIEL BOARD MEMBER 1.00 X 0 0 0 KYLE ROBERTS DEAN 40.00 X X 108765 0 7674 LYNNE KREHBIEL-BRENEMAN CHAIR OF THE GOVERNANCE COMMITTEE 1.00 X X 0 0 0 MARY ANN KORSCH BOARD MEMBER 1.00 X 0 0 0 MOLLY L LARSEN BOARD MEMBER 1.00 X 0 0 0 MOLLY MARSHALL PRESIDENT 40.00 X X 205000 0 7200 RODERIC SOUTHALL BOARD MEMBER 1.00 X 0 0 0 STACEY SMITH VICE-CHAIR 1.00 X X 0 0 0 THERESE PAUTZ CHAIR OF THE ADVANCEMENT COMMITTEE 1.00 X 0 0 0 WILLIAM HART SECRETARY 1.00 X X 0 0 0 ANDREA JOHNSON CO-CHAIR OF THE CAPITAL CAMPAIGN, CHAIR OF THE ACA 1.00 X X 0 0 0 JEN MOUNT BOARD MEMBER 1.00 X 0 0 0 CINDI BETH JOHNSON VP OF ADVANCEMENT 40.00 X X 102880 0 7728 512225 0 29294 3 0 1 0 0 1154286 210322 1154286 TUITION AND FEES 900099 2449695 2449695 2449695 MISCELLANEOUS 900099 10570 10570 10570 3614551 2460265 0 0 754136 754136 512225 316529 195696 1712999 1055353 657646 228033 116047 111986 109917 70395 39522 3090 3090 246766 170110 76656 102553 3323 99230 169053 56389 112664 639656 471153 168503 35894 20398 15496 83675 62345 21330 16628 16628 SUBSCRIPTIONS AND DUES 69384 68270 1114 ACADEMIC EXPENSES 66169 51278 14891 BAD DEBT 24023 24023 STAFF DEVELOPMENT 14558 8673 5885 1917 1511 406 4790676 3225910 1564766 0 388076 381140 19103 200580 785467 267452 100325 108974 59530 141504 1902625 1234463 742778 668162 9044194 87430 7521002 3974209 18747905 5742021 186790 213883 292765 301780 4114739 3730964 4594294 4246627 X 2789698 2574368 11363913 -1078974 14153611 1495394 18747905 5742021 X -1176125 -11482092 X 0 1 X 1 0 X 1605905 3468036 2014926 1848598 2286514 11223979 1605905 3468036 2014926 1848598 2286514 11223979 247725 10976254 144104 253864 264100 296987 430717 1389772 12613751 0.87020 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 64790 0 9810424 1683279 11493703 8134633 385329 1048420 242042 9810424 7282910 299027 824032 271336 8134633 8081896 1055148 -1092915 256790 504429 7282910 5339090 1826385 1142364 225943 8081896 1 0 779063 450697 328366 1123562 783766 339796 668162 SECURITY DEPOSITS 11215 BENEFICAL INTEREST IN ASSETS HELD BY OTHERS 416891 OPERATING LEASE ROU ASSET - NET 3493653 CASH RESTRICTED FOR ENDOWMENT 52450 3974209 OPERATING LEASE ROU LIABILITY 3730964 3730964 2860415 -754136 -754136 3614551 0 3614551 4036540 0 4036540 754136 754136 4790676 PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS -754,136. INVESTMENT MANAGEMENT FEES PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 754,136. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE POLICY ON NONDISCRIMINATION IS INCLUDED IN ALL MARKETING MATERIALS, THE ORGANIZATION'S WEBSITE AND APPLICATION PROCESS. SCHEDULE E, PART I, LINE 6 UNITED THEOLOGICAL SEMINARY OF THE TWIN CITIES RECEIVED STAFFORD AND GRAD PLUS LOANS FROM THE FEDERAL GOVERNMENT FOR STUDENT FINANCIAL AID. THE MONIES RECEIVED WERE SPENT IN ACCORDANCE WITH THE REQUIREMENTS OF THE GRANTING AGENCY. 1 SCHOLARSHIPS AND GRANTS 754136 PART I, LINE 2: ALL SCHOLARSHIPS AND GRANTS MADE BY THE SEMINARY ARE TO ITS STUDENTS TO COVER COSTS OF TUITION AND RELATED EXPENSES. ALL STUDENTS WHO APPLY FOLLOW ESTABLISHED FINANCIAL AID AND SCHOLARSHIP POLICIES AND PROCEDURES. STUDENTS ALSO COMPLETE THE FAFSA AS PART OF THIS PROCESS. 0 0 0 0 0 0 0 0 0 MOLLY MARSHALL PRESIDENT 205000 0 0 0 0 0 0 0 7200 0 212200 0 0 0 X 13 210322 FMV OF STOCK 0 1 1 PART I, LINE 32B: A STOCK BROKERAGE FIRM HANDLES ALL STOCK DONATIONS AND SALES OF STOCK FORM 990, PART VI, SECTION B, LINE 11B THE PRESIDENT, CHIEF FINANCIAL OFFICER, AND TREASURER REVIEW THE COMPLETED FORM 990 UPON COMPLETION BY UNITED'S AUDIT FIRM, AND PRIOR TO SUBMISSION TO THE IRS, THE COMPLETED FORM 990 IS DISTRIBUTED VIA EMAIL TO ALL BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 15A THE MOST RECENT REVIEW OF PRESIDENT COMPENSATION WAS PERFORMED FEBRUARY 2022. COMPENSATION BASED UPON ATS COMPARISONS, ALONG WITH A YEAR-TO-YEAR COMPARATIVE CHANGE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S ARTICLES OF INCORPORATION, BYLAWS, 990, 1023 APPLICATION, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: TRANSFER OF INVESTMENTS TO UTS FOUNDATION -11,482,092. UNITED THEOLOGICAL SEMINARY OF THE TWIN CITIES FOUNDATION 767 N EUSTIS ST 140 ST PAUL MN 55114 992362086 GRADUATE SCHOOL MN 501(C)(3) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 UNITED THEOLOGICAL SEMINARY OF THE TWIN CITIES FOUNDATION R 11493703 FAIR MARKET VALUE