RTS Foundation Inc

Address
5422 Clinton Boulevard
Jackson, MS 39209
Contact
Website: http://rts.edu
Phone: +1 (601) 923-1600
Nonprofit
NTEE: X99 - Religion Related, Spiritual Development N.E.C.
EIN: 64-0918136

Mission

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.
 20172016201520142013
Basic features of the organization
Year of formation1999
Subsection code03
PF filing required0    
Metropolitan statistical area3560
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$0.00$0.00$0.00$0.00$0.00
Sum of reportable (W2/1099) compensation$0.00$0.00$0.00$0.00$0.00
Number of employees00000
Number of people compensated >$100k00000
Number of volunteers00000
Number of highly compensated contractors0000 
Personnel
Bracy, Bf
TitleTrustee - ChairmanTrustee - ChairmanTrustee - ChairmanTrustee-ChairmanTrustee - Chairman/CEO
Name of key/compensated personBF BracyBF BracyBF BracyBF BracyBF Bracy
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org1.01.01.01.01.0
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Average hours per week working for related orgs1.01.01.01.01.0
Breazeale, Donald
Title  TrusteeTrusteeTrustee
Name of key/compensated person  Donald G BreazealeDonald G BreazealeDonald G Breazeale
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Average hours per week working for org  1.01.01.0
Reportable compensation from org  $0.00  
Other comp, non-reportable, from org and related orgs  $0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00  
Average hours per week working for related orgs  1.01.01.0
Cannada, Robert
Title  Former Vice PresidentFormer Vice PresidentFormer Vice President
Name of key/compensated person  Robert C Cannada JrRobert C Cannada JrRobert C Cannada Jr
Position of compensated person
Average hours per week working for org  0.00.01.0
Reportable compensation from org  $0.00 $0.00
Other comp, non-reportable, from org and related orgs  $6,947.00$18,194.00$23,300.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $101,006.00$127,773.00$128,630.00
Average hours per week working for related orgs  25.040.030.0
Crawford, John
Title   TrusteeTrustee
Name of key/compensated person   John A CrawfordJohn A Crawford
Position of compensated person
Current individual trustee or director   TrueTrue
Average hours per week working for org   1.01.0
Corresponding comp from related orgs
Average hours per week working for related orgs   1.01.0
Duncan, J
TitleVice PresidentVice PresidentVice PresidentVICE PRESIDENT 
Name of key/compensated personJ Ligon Duncan IIIJ Ligon Duncan IIIJ Ligon Duncan IIIJ Ligon Duncan III 
Position of compensated person
Current officerTrueTrueTrueTrue 
Average hours per week working for org1.01.01.01.0 
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$40,402.00$39,052.00$38,738.00$12,528.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $277,645.00$273,163.00$270,043.00$124,216.00 
Average hours per week working for related orgs50.050.050.050.0 
Edwards, Larry
TitleTrusteeTrusteeTrusteeTrusteeTrustee
Name of key/compensated personLarry W EdwardsLarry W EdwardsLarry W EdwardsLarry W EdwardsLarry W Edwards
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.01.01.01.01.0
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Average hours per week working for related orgs1.01.01.01.01.0
Fair, George
TitleTrusteeTrusteeTrusteeTrusteeTrustee
Name of key/compensated personGeorge R FairGeorge R FairGeorge R FairGeorge R FairGeorge R Fair
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.01.01.01.01.0
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Average hours per week working for related orgs1.01.01.01.01.0
Hurst, Paul
TitleTrusteeTrusteeTrustee  
Name of key/compensated personPaul A Hurst IIIPaul A Hurst IIIPaul A Hurst III  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org1.01.01.0  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Average hours per week working for related orgs1.01.01.0  
Lehn, Collie
TitleTrusteeTrusteeTrusteeTrusteeTrustee
Name of key/compensated personCollie W LehnCollie W LehnCollie W LehnCollie W LehnCollie W Lehn
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.01.01.01.01.0
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Average hours per week working for related orgs1.01.01.01.01.0
Lucas, David
TitleTrusteeTrusteeTrusteeTrusteeTrustee
Name of key/compensated personDavid LucasDavid LucasDavid LucasDavid LucasDavid Lucas
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.01.01.01.01.0
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Average hours per week working for related orgs1.01.01.01.01.0
Milton, Michael
Title   Former Vice PresidentVice President
Name of key/compensated person   Michael A MiltonMichael A Milton
Position of compensated person
Current officer    True
Average hours per week working for org   0.01.0
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs   $76,168.00$88,096.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $124,531.00$111,704.00
Average hours per week working for related orgs   0.050.0
Moore, James
TitleTrusteeTrusteeTrusteeTrusteeTrustee
Name of key/compensated personJames L MooreJames L MooreJames L MooreJames L MooreJames L Moore
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.01.01.01.01.0
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Average hours per week working for related orgs1.01.01.01.01.0
Mounger, Willam
TitleTrusteeTrusteeTrusteeTrusteeTrustee
Name of key/compensated personWillam M Mounger IIWillam M Mounger IIWillam M Mounger IIWillam M Mounger IIWillam M Mounger II
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.01.01.01.01.0
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Average hours per week working for related orgs1.01.01.01.01.0
Perez, Lynwood
TitlePresidentPresidentPresidentPresidentPresident/COO
Name of key/compensated personLynwood C PerezLynwood C PerezLynwood C PerezLynwood C PerezLynwood C Perez
Position of compensated person
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org1.01.01.01.01.0
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$11,000.00$13,080.00$12,946.00$12,890.00$12,459.00
Corresponding comp from related orgs
Reportable compensation from related orgs $126,442.00$121,351.00$119,955.00$119,632.00$117,922.00
Average hours per week working for related orgs40.050.050.050.050.0
Redd, J
TitleTrusteeTrusteeTrustee  
Name of key/compensated personJ Scott Redd SRJ Scott Redd SRJ Scott Redd SR  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org1.01.01.0  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Average hours per week working for related orgs1.01.01.0  
Ridgway, Richard
TitleTrusteeTrusteeTrusteeTrusteeTrustee
Name of key/compensated personRichard L RidgwayRichard L RidgwayRichard L RidgwayRichard L RidgwayRichard L Ridgway
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.01.01.01.01.0
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Average hours per week working for related orgs1.01.01.01.01.0
Russ, Roderick
TitleTrustee - SecretaryTrustee - SecretaryTrustee - SecretaryTrustee - SecretaryTrustee - Secretary
Name of key/compensated personRoderick Russ IIIRoderick Russ IIIRoderick Russ IIIRoderick Russ IIIRoderick Russ III
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org1.01.01.01.01.0
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Average hours per week working for related orgs1.01.01.01.01.0
Tisdale, E
TitleTreasurerTreasurerTreasurerTreasurerChief Financial Officer
Name of key/compensated personE Bradley TisdaleE Bradley TisdaleE Bradley TisdaleE Bradley TisdaleE Bradley Tisdale
Position of compensated person
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org1.01.01.01.01.0
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$32,081.00$30,134.00$21,330.00$17,190.00$18,973.00
Corresponding comp from related orgs
Reportable compensation from related orgs $129,657.00$119,063.00$112,023.00$109,423.00$103,661.00
Average hours per week working for related orgs50.050.050.050.050.0
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTo support the mission of Reformed Theological Seminary (RTS), by providing assistance to friends of RTS as they consider giving to this ministry.To support the mission of Reformed Theological Seminary (RTS), by providing assistance to friends of RTS as they consider giving to this ministry.To support the mission of Reformed Theological Seminary (RTS), by providing assistance to friends of RTS as they consider giving to this ministry.To support the mission of Reformed Theological Seminary (RTS), by providing assistance to friends of RTS as they consider giving to this ministry.As a supporting organization of Reformed Theological Seminary (RTS), the purpose of RTS Foundation is to provide assistance to friends of RTS as they consider (see Schedule O)
Program service expenses, total$28,700.00$45,254.00$22,000.00$53,450.00$50,100.00
Programs, including revenue & expenses
The Foundation's purposes are exclusively for religious, charitable, scientific, literary and/or educational purposes within the meaning of 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.
Program expenses$28,700.00$45,254.00$22,000.00$53,450.00$50,100.00
Grants and allocations made$28,700.00$45,254.00$22,000.00$53,450.00$50,100.00
Program descriptionThe Foundation's purposes are exclusively for religious, charitable, scientific, literary and/or educational purposes within the meaning of 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.The Foundation's purposes are exclusively for religious, charitable, scientific, literary and/or educational purposes within the meaning of IRC section 501(C)(3). The Foundation provided grants to Reformed Theological Seminary which were approved by the Foundation's board of trustees.The Foundation's purposes are exclusively for religious, charitable, scientific, literary and/or educational purposes within the meaning of 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.The Foundation's purposes are exclusively for religious, charitable, scientific, literary and/or educational purposes within the meaning of 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.The Foundation's purposes are exclusively for religious, charitable, scientific, literary and/or educational purposes within the meaning of 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.
Financial data
Revenue
Total revenue$33,212.00$97,207.00$65,253.00$81,324.00$145,523.00
Revenue from contributions (total)$13,170.00$58,686.00$25,127.00$45,334.00$93,729.00
Revenue from noncash contributions$10,182.00$18,346.00$8,877.00$30,558.00$38,095.00
Investment income, current yr$12,066.00$11,751.00$15,096.00$6,986.00$13,417.00
Total revenue from grants, etc., current yr$13,170.00$58,686.00$25,127.00$45,334.00$93,729.00
Total unrelated business revenue$0.00$0.00$0.00$0.00$0.00
Other revenue, current yr$7,976.00$26,770.00$25,030.00$29,004.00$38,377.00
Program service revenue (total)$0.00$0.00$0.00$0.00$0.00
Gross receipts$46,513.00$115,704.00$235,288.00$113,293.00$194,190.00
Sources of contributions
Revenue from all other contributions$13,170.00$58,686.00$25,127.00$45,334.00$93,729.00
Other types of revenue
Royalties (total)$0.00$0.00$0.00$0.00$0.00
Miscellaneous revenue (total)$7,976.00$26,770.00$25,030.00$29,004.00$38,377.00
Net revenue from gaming (total)$0.00$0.00$0.00$0.00$0.00
Income from dividends, interest, and similar investments$12,398.00$11,804.00$10,258.00$8,388.00$10,874.00
Net rental income$0.00$0.00$0.00$0.00$0.00
Net income from fundraising events$0.00$0.00$0.00$0.00$0.00
Net inventory sales (total)$0.00$0.00$0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$39,625.00$75,954.00$51,036.00$86,257.00$91,850.00
Total functional expenses: program service $28,700.00$45,254.00$22,000.00$53,450.00$50,100.00
Total functional expenses: management and general$0.00$0.00$0.00$0.00$0.00
Total functional expenses: fundraising$10,925.00$30,700.00$29,036.00$32,807.00$41,750.00
Fees for services
Lobbying fees (total)$0.00$0.00$0.00$0.00$0.00
Legal fees (total)$5,755.00$6,188.00$5,482.00$6,386.00$5,940.00
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
General management fees (total)$0.00$0.00$0.00$0.00$0.00
Investment management fees (total)$2,949.00$3,930.00$4,006.00$3,803.00$3,328.00
Assets and liabilities
Total assets$637,176.00$607,599.00$592,350.00$566,529.00$549,085.00
Total assets, beginning of year$607,599.00$592,350.00$566,529.00$549,085.00$476,759.00
Total liabilities$0.00$0.00$0.00$0.00$0.00
Total liabilities, beginning of year$0.00$0.00$0.00$0.00$0.00
Pledges & accounts receivable, net$0.00$0.00$0.00$0.00$0.00
Loans & receivables from key persons$0.00$0.00$0.00$0.00$0.00
Unrestricted net assets, end of yr$15,981.00$15,234.00$15,397.00$16,319.00$15,303.00
Temporarily restricted net assets$521,195.00$492,365.00$476,953.00$450,210.00$433,782.00
Permanently restricted net assets, end of yr$100,000.00$100,000.00$100,000.00$100,000.00$100,000.00
Net assets$637,176.00$607,599.00$592,350.00$566,529.00$549,085.00
Net assets, beginning of year$607,599.00$592,350.00$566,529.00$549,085.00$476,759.00
Other liabilities$0.00$0.00$0.00$0.00$0.00
Bond liabilities$0.00$0.00$0.00$0.00$0.00
Intangible assets$0.00$0.00$0.00$0.00$0.00
Other assets$0.00$0.00$0.00$0.00$0.00
Investments: other securities$0.00$0.00$0.00$0.00$0.00
Investments: publicly traded securities$635,615.00$605,038.00$589,775.00$562,754.00$545,320.00
Cash: non-interest bearing$1,561.00$2,561.00$2,575.00$3,775.00$3,765.00
Cash: non-interest bearing, beginning of year$2,561.00$2,575.00$3,775.00$3,765.00$3,695.00
Investments -- program-related$0.00$0.00$0.00$0.00$0.00
Escrow or custodial account liability$0.00$0.00$0.00$0.00$0.00
Loans and other payables to key persons$0.00$0.00$0.00$0.00$0.00
Grants payable$0.00$0.00$0.00$0.00$0.00
Inventories for sale or use$0.00$0.00$0.00$0.00$0.00
Other financial variables
Revenue less expenses-$6,413.00$21,253.00$14,217.00-$4,933.00$53,673.00
Advertising (total)$0.00$0.00$0.00$0.00$0.00
Savings & temp cash investment$0.00$0.00$0.00$0.00$0.00
Accounts receivable, net$0.00$0.00$0.00$0.00$0.00
Prepaid expenses & deferred charges$0.00$0.00$0.00$0.00$0.00
Accounts payable & accrued expenses$0.00$0.00$0.00$0.00$0.00
Deferred revenue$0.00$0.00$0.00$0.00$0.00
Unsecured notes & loans to unrelated parties$0.00$0.00$0.00$0.00$0.00
Secured mortgages and notes payable$0.00$0.00$0.00$0.00$0.00
Total net assets or fund balances$637,176.00$607,599.00$592,350.00$566,529.00$549,085.00
Depreciation, depletion, amortization$0.00$0.00$0.00$0.00$0.00
Payment to affiliates$0.00$0.00$0.00$0.00$0.00
Governance and accountability
Number of voting members1111121111
Number of independent voting members1111121111
Financial sheets auditedTrueTrueTrueTrueTrue
Audit on consolidated basisTrueTrueTrueTrueTrue
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2016-06-012015-06-012014-06-012013-06-012012-06-01
Tax year end date2017-05-012016-05-012015-05-012014-05-012013-05-01
Indicators for schedules (selected)
Grants to domestic org/gov't >$5kTrueTrueTrueTrueTrue
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Date e-filing submitted2018-04-062017-08-142016-07-262015-03-272014-04-28
IRS schema version2016v3.12015v3.02014v6.02013v4.02012v2.3
Filing identifier201810859349301111201700889349300325201630979349300308201520769349300702201410939349300541
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