2025-04-10T18:00:42+00:00 2024-05-31 440160260 Forvis Mazars LLP PO Box 3667 Little Rock AR 722033667 990 2023-06-01 640918136 RTS Foundation Inc RTSF 6019231600 4268 I-55 N JACKSON MS 39211 J LIGON DUNCAN III VICE PRESIDENT 2025-04-10 true true Amber Sherrill P00748683 5013721040 2025-04-15 2023 2025-03-06 01:10:19Z J LIGON DUNCAN III 4268 I-55 N JACKSON MS 39211 19574 false X WWW.RTS.EDU X 1999 MS TO SUPPORT THE MISSION OF REFORMED THEOLOGICAL SEMINARY (RTS), BY PROVIDING ASSISTANCE TO FRIENDS OF RTS AS THEY CONSIDER GIVING TO THIS MINISTRY. 20 20 0 20 0 0 67244 0 0 8446 13012 11128 0 0 80256 19574 67244 341763 0 0 0 0 0 6689 0 6689 67244 348452 13012 -328878 693295 361709 0 0 693295 361709 SEE SCHEDULE O false false 341763 341763 8446 THE FOUNDATION'S PURPOSES ARE EXCLUSIVELY FOR RELIGIOUS, CHARITABLE SCIENTIFIC, LITERARY AND/OR EDUCATIONAL PURPOSES WITHIN THE MEANING OF THE IRC SECTION 501(C)(3). THE FOUNDATION PROVIDED GRANTS TO REFORMED THEOLOGICAL SEMINARY AND OTHER ELIGIBLE 501(C)(3) EXEMPT ORGANIZATIONS APPROVED BY THE FOUNDATION'S BOARD OF TRUSTEES. 341763 true false false false true false false false true false false false false false false false true false false false false false false false false false true false true false false false false false false false false false false false false false true true true false false true 0 0 0 false false false false false false false false false false false false false false false X 20 20 false false false false false false false true true false false true true true true true true false false false CA CO DC KY ME AK MD MA MI MN NH NJ NY OH OK OR SC AR WA WV WI X JESSICA SHORT 6019231600 4268 I-55 N JACKSON MS 39211 BF BRACY CHAIRMAN 1.0 1.0 X X 0 0 0 RODERICK S RUSS III SECRETARY 1.0 1.0 X X 0 0 0 BENJAMIN W ROBERSON TRUSTEE 1.0 1.0 X 0 0 0 CHARLES L IRBY SR TRUSTEE 1.0 1.0 X 0 0 0 COLLIE W LEHN TRUSTEE 1.0 1.0 X 0 0 0 CRAIG C ROHDE TRUSTEE 1.0 1.0 X 0 0 0 DAVID H LUCAS TRUSTEE 1.0 1.0 X 0 0 0 GEORGE R FAIR TRUSTEE 1.0 1.0 X 0 0 0 HUGH M COMER TRUSTEE 1.0 1.0 X 0 0 0 J BRYON JOHNSON TRUSTEE 1.0 1.0 X 0 0 0 J SCOTT REDD SR TRUSTEE 1.0 1.0 X 0 0 0 LARRY W EDWARDS TRUSTEE 1.0 1.0 X 0 0 0 PAUL HURST III TRUSTEE 1.0 1.0 X 0 0 0 RICHARD L RIDGWAY TRUSTEE 1.0 1.0 X 0 0 0 ROBERT T CURTIS TRUSTEE 1.0 1.0 X 0 0 0 SCOTT MACLELLAN TRUSTEE 1.0 1.0 X 0 0 0 T DAVID ELKIN TRUSTEE 1.0 1.0 X 0 0 0 V HU MEENA TRUSTEE 1.0 1.0 X 0 0 0 WARREN J WILLIAMSON JR TRUSTEE 1.0 1.0 X 0 0 0 WILLIAM M MOUNGER II TRUSTEE 1.0 1.0 X 0 0 0 J LIGON DUNCAN III VICE PRESIDENT 1.0 40.0 X 0 280111 46261 JESSICA SHORT TREASURER 1.0 40.0 X 0 135362 15895 RICKY RAYBORN PRESIDENT 1.0 40.0 X 0 108840 29156 0 524313 91312 0 false true false 0 0 AUXILIARY ENTERPRISES 8446 8446 0 0 0 0 8446 11128 11128 0 0 0 0 0 0 0 0 0 19574 8446 0 11128 341763 341763 6689 6689 0 0 0 0 0 0 0 0 348452 341763 0 6689 1561 1561 0 0 0 0 0 0 0 0 691734 360148 0 0 0 0 693295 361709 0 0 0 0 0 0 15527 693295 346182 693295 361709 693295 361709 -328878 70882 -73590 0 X X false true X true false X X 1 REFORMED THEOLOGICAL SEMINARY 640428676 2 true 341763 0 1 341763 0 false false false false false false false false false false false false false false false true true Schedule A, Part IV, Section A, Line 1 Supported Orgs Listed By Name RTS FOUNDATION IS A SUPPORTING ORGANIZATION THAT IS OPERATED, SUPERVISED, OR CONTROLLED BY ITS SUPPORTED ORGANIZATION, REFORMED THEOLOGICAL SEMINARY (RTS). RTS FOUNDATION'S ARTICLES OF INCORPORATION STATES THAT IT IS ORGANIZED, AND AT ALL TIMES THEREAFTER IS OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, RELIGIOUS, LITERARY AND/OR EDUCATIONAL PURPOSES AS DESCRIBED IN SECTION 501(C)(3), WITHIN THE MEANING OF SECTION 509(A)(3) OF THE INTERNAL REVENUE CODE. RTS FOUNDATION'S BYLAWS STATE THAT THE ORGANIZATION MAY MAKE DISTRIBUTIONS, IN THE SOLE AND ABSOLUTE DISCRETION OF THE TRUSTEES, TO RTS OR TO SUCH OTHER ORGANIZATIONS ORGANIZED AND OPERATING EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, SCIENTIFIC, LITERARY AND/OR EDUCATIONAL PURPOSES AS SHALL QUALIFY AS AN EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE MISSION OF RTS FOUNDATION IS TO SERVE THOSE WHO SHARE WITH RTS THE VISION OF PROVIDING EVANGELICAL BIBLICAL AND THEOLOGICAL EDUCATION IN THE REFORMED TRADITION FOR THE PURPOSE OF PREPARING PASTORS, MISSIONARIES, COUNSELORS, AND OTHER CHURCH LEADERS FOR SERVICE TO THE CHURCH THROUGHOUT THE WORLD. RTS FOUNDATION SUPPORTS RTS THROUGH ITS SUPPORT OF OTHER CHARITABLE ORGANIZATIONS IN THE COMMUNITY THAT HAVE MISSIONS IN COMMON WITH THE CHURCH. Schedule A, Part IV, Section B, Line 2 Benefit Of Supp. Org. Other Than The One Operating The Org. RTS FOUNDATION SUPPORTS THE PURPOSE AND MISSION OF RTS BY PROVIDING SUPPORT TO OTHER CHARITABLE ORGANIZATIONS THAT HAVE A COMMON GOAL AND PURPOSE. IT IS THROUGH THIS SUPPORT THAT RTS IS ABLE TO DEMONSTRATE ITS COMMITMENT TO THE COMMUNITY AS A WHOLE. 1 3 0 0 3852 342180 true true 602795 0 83572 341763 2424 342180 584824 67244 17971 67244 602795 626809 -29729 10375 1881 584824 577154 122832 69520 3657 626809 589862 52168 60955 3921 577154 0.0 0.289 0.711 false false 90456 70882 0 70882 19574 0 0 19574 348452 0 0 348452 0 0 348452 Schedule D, Part X, Line 2 THE CONSOLIDATED FINANCIAL STATEMENT EFFECTS OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN ARE RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS WHEN IT IS MORE LIKELY THAN NOT, BASED ON THE TECHNICAL MERITS, THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION. INTEREST AND PENALTIES, IF ANY, ARE INCLUDED IN EXPENSES IN THE CONSOLIDATED STATEMENT OF ACTIVITIES. AS OF MAY 31, 2024 AND 2023, THE FOUNDATION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. Schedule D, Part V, Line 4 Intended uses of endowment funds THE INTENDED USE OF THE FOUNDATION'S ENDOWMENT FUNDS IS TO MAKE DISTRIBUTIONS TO OR FOR THE USE OF ORGANIZATIONS EXEMPT AT THE TIME UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (AS AMENDED), UNLESS SUCH ORGANIZATIONS' PURPOSES OR ACTIVITIES ARE ANTITHETICAL TO OR IN CONFLICT WITH THE GOSPEL OF JESUS CHRIST, AS DETERMINED BY THE CORPORATION. true REFORMED THEOLOGICAL SEMINARY 4268 I-55N Jackson MS 39211 640428676 501c3 341763 0 N/A 0 General support 1 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. RECIPIENT ORGANIZATIONS OF GRANT FUNDS ARE INVESTIGATED BY RTS DEVELOPMENT STAFF AND APPROVED BY THE RTS FOUNDATION BOARD BEFORE THEY ARE DISBURSED. THIS POLICY ENSURES THAT ALL GRANT FUNDS ARE UTILIZED IN ACCORDANCE WITH THE RTS FOUNDATION'S MISSION AND PURPOSE. false false false false false false false false false J LIGON DUNCAN III VICE PRESIDENT 0 219736 0 375 0 60000 0 21131 0 25130 0 326372 0 0 JESSICA SHORT TREASURER 0 125362 0 10000 0 0 0 8231 0 7664 0 151257 0 0 Form 990, Part III, Line 1 THE MISSION OF THE RTS FOUNDATION IS TO SERVE THOSE WHO SHARE WITH REFORMED THEOLOGICAL SEMINARY THE VISION OF PROVIDING EVANGELICAL BIBLICAL AND THEOLOGICAL EDUCATION IN THE REFORMED TRADITION FOR THE PURPOSE OF PREPARING PASTORS, MISSIONARIES, COUNSELORS AND OTHER CHURCH LEADERS FOR SERVICE TO THE CHURCH THROUGHOUT THE WORLD BY ASSISTING DONORS IN MAXIMIZING THEIR GIVING TO SUPPORT REFORMED THEOLOGICAL SEMINARY WHILE AT THE SAME TIME PROVIDING MAXIMUM BENEFIT TO THEMSELVES AND THEIR FAMILIES. THE MOST ADVANCED TOOLS OF ESTATE AND GIFT PLANNING ARE EMPLOYED UTILIZING METHODS OF INCREASING GIVING, MAXIMIZING TAX SAVINGS AND OFTEN TO INCREASE LIFETIME INCOME. THE ULTIMATE MISSION OF THE RTS FOUNDATION IS TO SERVE CHRIST THROUGH THE MINISTRY OF REFORMED THEOLOGICAL SEMINARY BY SERVING ITS FRIENDS AND SUPPORTERS. Form 990, Part VI, Line 11b Review of form 990 by governing body A MEETING IS HELD BY THE AUDIT/FINANCE COMMITTEE OF RTS TO ALLOW COMMITTEE MEMBERS TO DISCUSS THE RETURN AND ASK ANY QUESTIONS. AFTER DISCUSSION/REVISIONS HAVE OCCURRED, THE RETURNS ARE RECOMMENDED TO THE EXECUTIVE COMMITTEE FOR REVIEW AND APPROVAL TO BE FILED. THE FORM 990 IS PROVIDED TO ALL BOARD MEMBERS FOR REVIEW PRIOR TO FILING WITH THE IRS. Form 990, Part VI, Line 12c Conflict of interest policy THE BOARD ON AN ANNUAL BASIS DISCLOSES RELATED PARTY TRANSACTIONS THAT COULD GIVE RISE TO CONFLICTS. THESE TRANSACTIONS ARE DISCUSSED AND RECORDED IN THE MINUTES OF THE BOARD MEETING FOR REFORMED THEOLOGICAL SEMINARY. PERSONS WITH A CONFLICT ARE PROHIBITED FROM PARTICIPATING IN THE BOARD'S DELIBERATIONS AND DECISIONS REGARDING THE TRANSACTION. Form 990, Part VI, Line 19 Required documents available to the public RTS FOUNDATION MAKES ITS FINANCIAL STATEMENTS, GOVERNING DOCUMENTS (ARTICLES OF INCORPORATION AND BYLAWS) AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part XII, Line 2c Change of oversight process or selection process THE ORGANIZATION'S BOARD ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF ITS INDEPENDENT ACCOUNTANT. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS NOT PAID TO ANY OFFICER, DIRECTOR, OR KEY EMPLOYEE OF THE FOUNDATION BUT IS PAID BY REFORMED THEOLOGICAL SEMINARY. THE EXECUTIVE COMMITTEE (A SUBCOMMITTEE OF 11 MEMBERS OF THE BOARD OF DIRECTORS OF REFORMED THEOLOGICAL SEMINARY) REVIEWS AND APPROVES THE TOTAL COMPENSATION OF ALL OFFICERS OF THE SEMINARY AND THE FOUNDATION ON AN ANNUAL BASIS. THE TOTAL AVERAGE COMPENSATION FROM ANNUAL SURVEYS OF U.S. SCHOOLS THAT ARE MEMBERS OF THE ASSOCIATION OF THEOLOGICAL SCHOOLS IS USED TO DETERMINE THE REASONABLENESS OF OFFICER COMPENSATION AS WELL AS OTHER MARKET FACTORS SUCH AS DEGREES, DESIGNATIONS, YEARS OF EXPERIENCE, PREVIOUS EMPLOYMENT RELATIONSHIPS, AND COMPENSATION LEVELS. REFORMED THEOLOGICAL SEMINARY 4268 I-55N JACKSON MS 39211 640428676 THEOLOGIC EDU MS 501(c)(3) 2 NA false REFORMED THEOLOGICAL SEMINARY OF FLORIDA 1231 REFORMATION DRIVE OVIEDO FL 32765 421647628 THEOLOGIC EDU FL 501(c)(3) Type I RTS true false true false false false false false false false false false false true false false false true false false REFORMED THEOLOGICAL SEMINARY B 341763 FMV