2026-02-27T13:56:55-06:00 2025-06-30 731413977 HOGANTAYLOR LLP 1225 N BROADWAY AVENUE SUITE 200 OKLAHOMA CITY OK 73103 990 2024-07-01 731303821 PHILLIPS THEOLOGICAL SEMINARY CORPORATION PHIL 9186108303 901 N MINGO ROAD TULSA OK 74116 F DOUGLAS POWE JR PRESIDENT 9186108303 2026-02-27 1 0 ASHLEY M FOGLE P01258800 4058482020 2026-02-27 2024 2025-03-06 01:10:19Z F DOUGLAS POWE JR 901 N MINGO ROAD TULSA OK 74116 13116253 0 X WWW.PTSTULSA.EDU X 1987 OK THE SEMINARY'S MISSION IS TO LEARN AND TEACH HOW TO BE: ATTENTIVE TO GOD; RESPONSIBLE BIBLICAL AND THEOLOGICAL INTERPRETERS; FAITHFUL INDIVIDUALS, CONGREGATIONS, AND COMMUNITIES ACTING WITH GOD TO TRANSFORM THE WORLD. 19 19 79 21 0 0 2297837 1646391 570238 572517 5343523 9070773 197108 43055 8408706 11332736 396795 463143 0 0 5088118 5870284 0 0 933859 2696104 2769845 8181017 9103272 227689 2229464 174302256 207763449 1578173 9938488 172724083 197824961 X THE SEMINARY'S MISSION IS TO LEARN AND TEACH HOW TO BE: ATTENTIVE TO GOD; RESPONSIBLE BIBLICAL AND THEOLOGICAL INTERPRETERS; FAITHFUL INDIVIDUALS, CONGREGATIONS, AND COMMUNITIES ACTING WITH GOD TO TRANSFORM THE WORLD. 0 0 6001274 463143 600692 PHILLIPS THEOLOGICAL SEMINARY OFFERS THEOLOGICAL EDUCATION DEDICATED TO LEARNING THE WAY OF JESUS IN ORDER TO CULTIVATE VITAL COMMUNITIES, VITAL CONVERSATIONS, AND THE PUBLIC GOOD. PROGRAMS OF STUDY OFFERED AT PHILLIPS THEOLOGICAL SEMINARY INCLUDE MASTER OF DIVINITY, MASTER OF ARTS (SOCIAL JUSTICE), MASTER IN THEOLOGICAL STUDIES, MASTER OF ARTS IN MINISTRY AND CULTURE, DOCTOR OF MINISTRY, AND DIPLOMA IN GRADUATE THEOLOGICAL STUDIES. PHILLIPS THEOLOGICAL SEMINARY ALSO OFFERS A DISCIPLES OF CHRIST COMMISSIONED/LAY MINISTRY TRAINING PROGRAM WHICH OFFERS ONLINE COURSES IN THE 16 CORE COMPETENCIES FOR THE DISCIPLES OF CHRIST DENOMINATION MINISTERS AND LAITY STUDY PROGRAM. THE SEMINARY ALSO OFFERS FOUR PUBLIC EVENTS THROUGHOUT THE YEAR: REMIND & RENEW, TULSA RACE MASSACRE LECTURESHIP, LGBTQIA+ EVENT AND AN INDIGENIOUS EVENT INCLUDING SPECIFIC ARTWORK TAILORED FOR EACH EVENT. PHILLIPS THEOLOGICAL SEMINARY PROVIDED EDUCATIONAL SERVICES TO ABOUT 150 STUDENTS PLUS ANOTHER 125+ STUDENTS IN THE CNETER FOR MINISTRY AND LAY TRAINING PROGRAM. SEVERAL STUDENTS COMPLETED THEIR CHOSEN PROGRAM OF STUDY BY RECEIVING A CERTIFICATE, DIPLOMA, MASTER'S DEGREE, OR DOCTORAL DEGREE. 6001274 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 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 58 0 1 79 1 0 0 0 0 0 0 0 0 0 0 0 0 X 19 19 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OK X KAREN L MCMILLAN 9182706402 901 N MINGO ROAD TULSA OK 74116 CLAIRE MEREDITH CHAIR 1.00 X 0 0 0 STEVEN FATE VICE CHAIR 1.00 X 0 0 0 SALLY KELLEY SECRETARY 1.00 X 0 0 0 LARRY BROWN TRUSTEE 1.00 X 0 0 0 TODD ADAMS TRUSTEE 1.00 X 0 0 0 CONNIE DIETZ TRUSTEE 1.00 X 0 0 0 MYRNA JONES TRUSTEE 1.00 X 0 0 0 MARCIA HAGEE TRUSTEE 1.00 X 0 0 0 MARLA MAYBERRY TRUSTEE 1.00 X 0 0 0 RUTH ANN FATE TRUSTEE EMERITA 1.00 X 0 0 0 LYNWOOD MOORE CHAIR EMERITUS 1.00 X 0 0 0 KYLE MAXWELL TRUSTEE EMERITUS 1.00 X 0 0 0 THOMAS STANLEY TRUSTEE 1.00 X 0 0 0 MOISES ECHEVERRUA TRUSTEE 1.00 X 0 0 0 JESSE JACKSON TRUSTEE 1.00 X 0 0 0 CHEBON KERNELL TRUSTEE 1.00 X 0 0 0 RON NOFZIGER TRUSTEE 1.00 X 0 0 0 MINNA ZELCH TRUSTEE 1.00 X 0 0 0 DANIEL WOODS TRUSTEE EMERITUS 1.00 X 0 0 0 F DOUGLAS POWE JR PRESIDENT 40.00 X 0 0 0 NANCY CLAIRE PITTMAN FORMER PRESIDENT 40.00 X 125974 0 56974 KAREN MCMILLAN CFO/VP OF FINANCE 40.00 X 138032 0 34404 ASHLEY GIBSON SECRETARY 40.00 X 69123 0 22381 LISA DAVISON VP OF ACADEMIC AFFAIRS 40.00 X 126658 0 64188 WARREN CARTER PROFESSOR-NT 40.00 X 108452 0 36669 JOSEPH BESSLER PROFESSOR-THEOLOGY 40.00 X 112449 0 29177 680688 0 243793 5 0 1 0 0 1646391 40236 1646391 TUITION AND FEES 611600 565462 565462 REGISTRATION FEES 900099 7055 7055 572517 282717 282717 14880 14880 10571573 1783517 8788056 8788056 8788056 MISCELLANEOUS REVENUE 900099 28175 28175 28175 11332736 600692 0 9085653 463143 463143 518006 355543 102933 59530 4003732 2748038 795579 460115 564676 387576 112207 64893 533021 365849 105916 61256 250849 172175 49846 28828 54318 54318 40200 40200 89421 89421 80424 53806 20454 6164 247021 99169 110649 37203 226969 126579 74201 26189 93071 42638 50433 813580 484731 243214 85635 94044 48636 35345 10063 AUXILLARY ENTERPRISES 493137 223244 230639 39254 INSTRUCTIONAL SUPPLIES 243436 223016 20420 HOSPITALITY & RECRUITME 235264 184216 51048 EQUIPMENT 37403 20766 12341 4296 21557 2149 19408 9103272 6001274 2168139 933859 283786 288093 6031914 5212012 9698383 10133908 8702 1320 1158 1158 25257822 8701627 8306993 16556195 48127233 59526989 97080020 113565440 466055 466055 4298012 2012279 174302256 207763449 1578173 2292327 0 7646161 1578173 9938488 X 19923724 25010078 152800359 172814883 172724083 197824961 174302256 207763449 X 2229464 22568825 302589 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 466055 X X X 0 148574609 5404651 31898254 463143 9818735 175595636 130151866 2861025 22408231 396795 6449718 148574609 116506632 20664919 482525 6537160 130151866 110789196 7379286 578628 1083222 116506632 90001781 26932011 842490 5302106 110789196 0.06831 0.19033 0.74136 1 0 990000 990000 10558405 5558590 4999815 1253691 1046219 207472 12455726 2096818 10358908 16556195 QUIKTRIP STOCK 113565440 F 113565440 33746380 22568825 1100446 23669271 10077109 1255627 1255627 11332736 8645502 5373 5373 8640129 463143 463143 9103272 PART III, LINE 4: IN PRIOR YEARS, PHILLIPS THEOLOGICAL SEMINARY CORPORATION RECEIVED DONATIONS OF A LIBRARY COLLECTION OF RARE BOOKS TO BE HELD FOR PUBLIC EXHIBITION, EDUCATION AND RESEARCH. IN FISCAL YEAR 19-20, WE RECEIVED 29 ANCIENT CUNEIFORM TABLETS THAT WERE PREVIOUSLY ON LOAN. THESE TABLETS HAVE NOW BEEN LOCATED AT PTS AND WILL BE MAINTAINED ON DISPLAY IN OUR RARE BOOK ROOM. PART V, LINE 4: THE SEMINARY'S ENDOWMENT CONSISTS OF APPROXIMATELY 200 INDIVIDUAL FUNDS ESTABLISHED PRIMARILY FOR SCHOLARSHIP AND ACADEMIC PROGRAM SUPPORT. THE ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED AND QUASI-ENDOWMENT FUNDS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPEC OPS GIFT VALUE ADJUSTMENT 1,100,446. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 463,143. PRESENT VALUE DISCOUNT 632,127. CHANGE IN SPLIT INTEREST AGREEMENT 160,357. PART XII, LINE 2D - OTHER ADJUSTMENTS: UNCOLLECTIBLE PLEDGES 5,373. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 463,143. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 EXPLANATION OF NONDISCRIMINATION POLICY: PHILLIPS HAS A VERY CLEAR NONDISCRIMINATORY POLICY APPROVED BY THE BOARD OF TRUSTEES. THE POLICY IS IN THE EMPLOYEE HANDBOOK AND IS REVIEWED WITH THE EMPLOYED COMMUNITY ANNUALLY. THE NONDISCRIMINATORY STATEMENT IS POSTED ON THE SEMINARY WEBSITE, IN THE ACADEMIC PAGES. THE STATEMENT IS ALSO INCLUDED IN THE STUDENT HANDBOOK AND CATALOG. SCHEDULE E, PART I, LINE 6 THE SEMINARY IS A PARTICIPANT IN THE TITLE IV STUDENT DIRECT LOAN PROGRAM. 1 FINANCIAL AID 150 463143 0 PART I, LINE 2: GRANTS ISSUED BY THE SEMINARY ARE IN THE FORM OF SCHOLARSHIPS TO STUDENTS FOR THEIR EDUCATIONAL ENDEAVORS AT THE SEMINARY. SCHOLARSHIPS AWARDED ARE BASED ON DONOR INTENT AND INTERNAL GUIDELINES, SUCH AS ACADEMIC ELIGIBILITY. X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 LISA DAVISON VP OF ACADEMIC AFFAIRS 126658 0 0 0 0 0 20300 0 43888 0 190846 0 0 0 NANCY CLAIRE PITTMAN FORMER PRESIDENT 125974 0 0 0 0 0 21365 0 35609 0 182948 0 0 0 KAREN MCMILLAN CFO/VP OF FINANCE 138032 0 0 0 0 0 20530 0 13874 0 172436 0 0 0 PART I, LINE 1A EACH EMPLOYEE WITH ORDAINED MINISTERIAL STANDING HAS THE ABILITY TO TURN IN A HOUSING ALLOWANCE FORM FOR THE YEAR TO BE APPROVED BY THE BOARD OF TRUSTEES. THIS ALLOWS THE EMPLOYEE'S PAY TO BE FICA EXEMPT AND TO BE SPLIT BETWEEN SALARY AND HOUSING ALLOWANCE AND TO RECEIVED A SOCIAL SECURITY OFFSET AMOUNT FOR FICA TAXES. PART I, LINE 3 REVIEW OF COMPENSATION OF CEO, OFFICER, OR KEY EMPLOYEES: THE COMPENSATION COMMITTEE OF THE BOARD REVIEWS THE SALARY OF THE PRESIDENT EACH YEAR. THEY BENCHMARK TOTAL COMPENSATION TO OTHER ATS PEER SCHOOLS THAT ARE THE SAME APPROXIMATE SIZE AND OFFERING THE SAME DEGREES. THE SEMINARY PROVIDES THE SAME BENEFIT STRUCTURE TO ALL EMPLOYEES. EXECUTIVE OFFICERS DO NOT QUALIFY FOR SPECIAL BENEFITS NOT OFFERED TO THE GENERAL EMPLOYED COMMUNITY. THE REVIEWS ARE GENERALLY DISCUSSED THROUGH CONFERENCE CALLS WITH THE INDIVIDUALS DESCRIBED ABOVE. LETTERS OF CALL ARE PREPARED AND DOCUMENTED IN EACH PERSON'S PERSONNEL FILE IN THE HUMAN RESOURCE OFFICE. PTS HAS ALSO DEVELOPED A PAY GRADE SCALE FOR ALL POSITIONS WITHIN THE INSTITUTION. THIS WAS DEVELOPED AND COMPILED WITH THE HELP OF AN OUTSIDE CONSULTANT WHO TOOK INTO ACCOUNT AREA MARKET DATA ALONG WITH ATS COMPARABLE DATA. X 3 40236 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 RUTH ANN FATE AND STEVEN FATE HAVE A FAMILY RELATIONSHIP. CONNIE DIETZ AND MINNA ZELCH HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM. THE FORM IS REVIEWED BY MANAGEMENT AND PROVIDED TO THE BOARD OF THE SEMINARY PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE ASKED TO FILL OUT CONFLICT OF INTEREST FORMS AT THE BEGINNING OF THEIR TERM. UPDATES AND CHANGES ARE MADE ANNUALLY. EACH BOARD MEMBER CAN ONLY SERVE THREE 3-YEAR TERMS BEFORE THEY ARE REQUIRED TO ROLL OFF THE BOARD FOR A FULL YEAR. ALL EMPLOYEES ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST FORM WHEN THEY ARE INITIALLY HIRED AND THEY ARE UPDATED ANNUALLY AT THE BEGINNING OF EACH FISCAL YEAR. ALL CONFLICT OF INTEREST FORMS ARE GIVEN TO HUMAN RESOURCES WHO TRACKS COMPLIANCE AND NOTIFIES THE ADMINISTRATION OF POTENTIAL CONFLICTS. ALL CONFLICT OF INTEREST FORMS ARE MADE AVAILABLE TO THE AUDITORS DURING THE ANNUAL AUDIT. FORM 990, PART VI, SECTION B, LINE 15 REVIEW OF COMPENSATION OF CEO, OFFICER OR KEY EMPLOYEES: THE COMPENSATION COMMITTEE OF THE BOARD REVIEWS THE SALARY OF THE PRESIDENT EACH YEAR. THEY BENCHMARK TOTAL COMPENSATION TO OTHER ATS PEER SCHOOLS THAT ARE THE SAME APPROXIMATE SIZE AND OFFERING THE SAME DEGREES. THE SEMINARY PROVIDES THE SAME BENEFIT STRUCTURE TO ALL EMPLOYEES. EXECUTIVE OFFICERS DO NOT QUALIFY FOR SPECIAL BENEFITS NOT OFFERED TO THE GENERAL EMPLOYED COMMUNITY. THE REVIEWS ARE GENERALLY DISCUSSED THROUGH CONFERENCE CALLS WITH THE INDIVIDUALS DESCRIBED ABOVE. LETTERS OF CALL ARE PREPARED AND DOCUMENTED IN EACH PERSON'S PERSONNEL FILE IN THE MANAGER OF PEOPLE AND CULTURE OFFICE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION ALSO MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN SPLIT INTEREST AGREEMENT -160,357. SPEC OPS GIFT VALUE ADJUSTMENT 1,100,446. PRESENT VALUE DISCOUNT -632,127. UNCOLLECTIBLE PLEDGES -5,373. PART XII, LINE 2C NO CHANGES HAVE OCCURRED TO THE PROCESS OF REVIEWING AUDITED FINANCIAL STATEMENTS DURING THE CURRENT FISCAL YEAR. CHARITABLE REMAINDER TRUST (1) TX T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0