Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 07-01-2023 , and ending 06-30-2024
Name of foundation
Bangor Theological Seminary
 
Number and street (or P.O. box number if mail is not delivered to street address)97 India Street
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Portland, ME04101
A Employer identification number

01-0211484
B Telephone number (see instructions)

(207) 774-5212
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$21,345,380J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 48,245
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 399,261 399,261 399,261
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -67,917
b Gross sales price for all assets on line 6a 4,829,055
7 Capital gain net income (from Part IV, line 2)... 505,096
8 Net short-term capital gain......... 32,276
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
145,902 0 44,785
12 Total. Add lines 1 through 11........ 525,491 904,357 476,322
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 150,652 0 0 150,652
14 Other employee salaries and wages...... 245,461 0 44,241 201,220
15 Pension plans, employee benefits....... 65,567 0 0 65,567
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
48,384 6,488 6,488 41,895
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
206,253 74,465 74,465 121,649
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
4,473 0 0 4,473
19 Depreciation (attach schedule) and depletion... 544 0 544
20 Occupancy.............. 113,761 0 0 104,953
21 Travel, conferences, and meetings....... 17,488 0 0 17,488
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
88,949 0 0 84,192
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 941,532 80,953 125,738 792,089
25 Contributions, gifts, grants paid....... 0 0
26 Total expenses and disbursements. Add lines 24 and 25 941,532 80,953 125,738 792,089
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -416,041
b Net investment income (if negative, enter -0-) 823,404
c Adjusted net income (if negative, enter -0-)... 350,584
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 29,060 89,399 89,399
2 Savings and temporary cash investments......... 1,269,784 681,408 681,408
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow3,848
Less: allowance for doubtful accounts right arrow   1,709 3,848 3,848
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 34,594 15,297 15,297
10a Investments—U.S. and state government obligations (attach schedule) 1,216,606 Click to see attachment
List of Attached Documents:
// Content
1,310,001 		1,310,001
b Investments—corporate stock (attach schedule)....... 10,229,986 Click to see attachment
List of Attached Documents:
// Content
12,282,366 		12,282,366
c Investments—corporate bonds (attach schedule)....... 3,360,874 Click to see attachment
List of Attached Documents:
// Content
3,596,787 		3,596,787
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow12,356
Less: accumulated depreciation (attach schedule) right arrow9,084 3,816 Click to see attachment
List of Attached Documents:
// Content
3,272 		3,272
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
3,118,455 		Click to see attachment
List of Attached Documents:
// Content
3,363,002 		Click to see attachment
List of Attached Documents:
// Content
3,363,002
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 19,264,884 21,345,380 21,345,380
Liabilities 17 Accounts payable and accrued expenses.......... 5,072 9,478
18 Grants payable.................    
19 Deferred revenue................. 6,056 6,185
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
241,147 		Click to see attachment
List of Attached Documents:
// Content
359,926
23 Total liabilities (add lines 17 through 22)......... 252,275 375,589
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 4,225,365 4,820,292
25 Net assets with donor restrictions............ 14,787,244 16,149,499
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 19,012,609 20,969,791
30 Total liabilities and net assets/fund balances (see instructions). 19,264,884 21,345,380
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
19,012,609
2
Enter amount from Part I, line 27a .....................
2
-416,041
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
2,373,223
4
Add lines 1, 2, and 3 ..........................
4
20,969,791
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
20,969,791
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicy Traded Securities - LT      
b Publicy Traded Securities - ST      
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 3,679,291   3,206,471 472,820
b 1,149,764   1,117,488 32,276
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       472,820
b       32,276
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 505,096
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3 32,276
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 11,445
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 11,445
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 11,445
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 12,769
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 12,769
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 1,324
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow1,324 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
 
No
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowME
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
Yes
 
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowwww.thebtscenter.org
14
The books are in care ofright arrowAllen Ewing-Merrill Telephone no.right arrow (207) 774-5212

Located atright arrow97 India StreetPortlandME ZIP+4right arrow04101
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
Rev Alex Shea Will Chair
1.00 		0 0 0
97 India Street
Portland,ME04101
Debra L Coyman Vice-Chair
1.00 		0 0 0
97 India Street
Portland,ME04101
Rev Dr Paul Shupe Secretary
1.00 		0 0 0
97 India Street
Portland,ME04101
Greg Rose Treasurer
1.00 		0 0 0
97 India Street
Portland,ME04101
Rev June Cooper Trustee
1.00 		0 0 0
97 India Street
Portland,ME04101
Rev John Edgerton Trustee
1.00 		0 0 0
97 India Street
Portland,ME04101
Rev Dr James Gertmenian Trustee
1.00 		0 0 0
97 India Street
Portland,ME04101
Lyman Jackson Trustee
1.00 		0 0 0
97 India Street
Portland,ME04101
Rev Dr Kapya John Kaoma Trustee
1.00 		0 0 0
97 India Street
Portland,ME04101
Ophelia Hu Kinney Trustee
1.00 		0 0 0
97 India Street
Portland,ME04101
Dr Elizabeth Parsons Trustee
1.00 		0 0 0
97 India Street
Portland,ME04101
Vernon Walker Past Trustee
1.00 		0 0 0
97 India Street
Portland,ME04101
Rev Allen Ewing Merrill Executive Director
40.00 		123,978 26,674 0
97 India Street
Portland,ME04101
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
Nicole Diroff Program Director
34.00 		78,873 10,135 0
97 India Street
Portland,ME04101
Ben Yosua-Davis Director of Applied
32.00 		59,743 7,591 0
97 India Street
Portland,ME04101
Ashley Temin Communications Manag
32.00 		49,959 8,461 0
97 India Street
Portland,ME04101
Kanval Ahmed Operations Manager
34.00 		50,759 3,445 0
97 India Street
Portland,ME04101
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1 Activity One: Leadership FormationSee Statement 17 Summary of Direct Charitable Activities. 206,621
2 Activity Two: Equipping CongregationsSee Statement 17 Summary of Direct Charitable Activities. 169,749
3 Activity Three: Public Conversations and Public RitualSee Statement 17 Summary of Direct Charitable Activities. 153,060
4 Activity Four: Applied ResearchSee Statement 17 Summary of Direct Charitable Activities. 145,766
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
18,831,879
b
Average of monthly cash balances.......................
1b
287,990
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
19,119,869
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
19,119,869
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
286,798
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
18,833,071
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
941,654
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
 
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
 
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
 
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
 
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
 
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
 
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
792,089
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
792,089
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7  
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$  
a Applied to 2022, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2023 distributable amount.....  
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2023.    
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		 
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		 
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
2020-07-01
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
350,584 295,400 280,128 301,683 1,227,795
b 85% (0.85) of line 2a ......... 297,996 251,090 238,109 256,431 1,043,626
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		792,089 1,028,855 788,672 724,348 3,333,964
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		0 0 0 1,600 1,600
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		792,089 1,028,855 788,672 722,748 3,332,364
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......         0
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		         0
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		627,769 597,591 692,539 623,341 2,541,240
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		        0
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		        0
(3) Largest amount of support
from an exempt organization		         0
(4) Gross investment income         0
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year
Total .................................right arrow 3a 0
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
aProgram Revenue         43,860
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 399,261  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 -67,917  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aOther Income 		        925
bIncome From Perpetual Trusts And Other Gifts Of Future Interests     14 101,117  
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 432,461 44,785
13Total. Add line 12, columns (b), (d), and (e)..................
13
477,246
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
1a Auxiliary enterprise revenue generated in the course of conducting the organization's mission.
11a Auxiliary enterprise revenue generated in the course of conducting the organization's mission.
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
Bangor Theological Seminary
 
Employer identification number

01-0211484
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
Bangor Theological Seminary
  		Employer identification number
01-0211484
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
Auburn Theological Seminary
 
475 Riverside Drive Suite 1800
 
New York, NY10115

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
Bangor Theological Seminary
  		Employer identification number

01-0211484
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
Bangor Theological Seminary
  		Employer identification number

01-0211484
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
Bangor Theological Seminary
EIN:
01-0211484
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Accounting Fees 48,384 6,488 6,488 41,895

TY 2023 GeneralExplanationAttachment
Name:
Bangor Theological Seminary
EIN:
01-0211484
Identifier Return Reference Explanation
  Form 990-PF, Part II, Line 14: Section 1.263(a)-3(n) Election:Bangor Theological Seminary97 India StreetPortland, ME 04101EIN 01-0211484Bangor Theological Seminary is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)- 3(n).
  Form 990-PF, Part VIII-A, Summary of Direct Charitable Activities Activity One: Leadership FormationThe BTS Center offers learning communities and cohorts, courses, study groups, workshops, retreats, and other theologically grounded programs of continuing education, professional development, and spiritual / vocational formation, to assist with the formation of clergy, nonprofit leaders, chaplains, spiritual directors, engaged laypersons, and denominational leaders. This year's programs have included an eight-week online course called "EcoSpiritual Leaders: Encounters With Wholeness; a year-long EcoPreacher Cohort, drawing together preachers from around the country to strengthen their climate consciousness; a growing Climate Conscious Chaplaincy Initiative, including Chaplaincy Conversation Circles and several online workshops for chaplains of all sectors; and a series of group spiritual direction circles for leaders. With its focus on Leadership Formation, The BTS Center seeks to equip, connect, and resource spiritual leaders from a variety of traditions the "ripple makers" those who have particular roles in guiding congregations and communities of spiritual practice as they lead in a climate-changed world.Expenses: $206,621Activity Two: Equipping CongregationsThe BTS Center offers programs and resources to equip congregations for effective and faithful ministry in a time of rapid, traumatic, transformative change. Aware that geography significantly impacts identity and practice, at times these programs are oriented particularly toward New England settings. This year The BTS Center offered a Small Church Leadership Community, "Cultivating Refugia: Building the Resilient Church," drawing together teams from six small New England congregations for a year-long cohort focusing on naming and deepening the unique gifts of small congregations. In Spring 2024, The BTS Center partnered with Creation Justice Ministries and the Anabaptist Climate Collaborative to offer a three-day retreat, "Claiming Your Call for a Climate-Changed World," during which teams from twelve New England congregations gathered at the Schoodic Institute to engage with climate scientists, theologians, and indigenous leaders and to reflect on their unique vocations in this time of cultural, social, and ecological unraveling. Additionally, The BTS Center continues to develop a Leadership Commons, a collection of web-based resources designed to help equip faith leaders in the work of guiding communities of spiritual practice through the uncertainties of life on a changing planet.Expenses: $169,749Activity Three: Public Conversations and Public RitualDrawing together leading thinkers, authors, scholars, and practitioners, often in online spaces, The BTS Center hosts and facilitates public conversations and rituals focusing on themes related to spiritual leadership and the climate crisis. This year's offerings have included a five-part "Lament With Earth" online ritual series; Season 2 of a popular podcast called Climate Changed, featuring engaging conversations with thoughtful leaders exploring important issues related to spirituality and leadership in a climate-changed world; online public conversations with acclaimed author, teacher, and management consultant Margaret Wheatley and climate scientist Katharine Hayhoe; an online public reading for Martin Luther King, Jr. Day, called "Committed to Listen; an in-person Green Teams gathering for members of congregational Green Teams, Earth Care Teams, and Climate Action Teams from around Southern Maine and beyond; and several reading groups, including a Summer Fiction Book Club.Expenses: $153,060Activity Four: Applied ResearchThe BTS Center seeks to approach its work with a posture of "rigorous and reverent curiosity" rigorous, bringing the discipline of quantitative and qualitative research to this work, asking important questions, surfacing stories, collecting data, drawing conclusions, and sharing findings; and reverent because this work is sacred: responding to a divine urgency, a sacred calling, in this work of cultivating and nurturing spiritual leadership for a climate-changed world. Led by a Director of Applied Research and a team of consulting scholars, this year's Applied Research projects have produced articles, presentations, and reports for leaders in congregations and secular organizations, for peer-reviewed journals and academic conferences, and for teams engaged in program evaluation. Research findings assist in program design and evaluation and are the basis for academic presentations at the Society for the Scientific Study of Religion and the Religious Educators Association. Currently, The BTS Center is bringing a research lens to its work with the year-long EcoPreacher Cohort and the year-long Small Church Leadership Community, asking questions about congregational and clergy understandings of vocation in a climate-changed world.Expenses: $145,766Activity Five: Convocation With roots dating back to 1905, Convocation is The BTS Center's annual conference, bringing together keynote speakers, scholars, workshop leaders, musicians and artists, and a broad group of spiritual leaders interested in exploring themes related to spiritual leadership for a climate-changed world. Incorporating music, the arts, and contemplative practice, recent Convocations have included a blend of online and offline experiences, woven together to facilitate learning, nurture respite, and deepen community. Convocation 2023, held in person in Hallowell, Maine, explored the theme "Kinship: Re-Weaving the Great Web of Belonging," with Victoria Loorz, John Bear Mitchell, musician Liz Fulmer, a team of Creative / Contemplative Immersion Leaders, a team of Lectio Terra guides, and The BTS Center staff team. Through an Online Companions track, those geographically distant from Maine were able to join for a live-stream of plenary sessions and a series of "online exclusive" sessions engaging the Convocation theme and nurturing online community.True to its core value of collaboration, the BTS Center does much of its work in partnership with other faith-rooted and secular nonprofit organizations, and with many individuals authors, faith leaders, thought leaders, scholars, artists, and organizers. Expenses: $116,893

TY 2023 InvestmentsCorpBondsSchedule
Name:
Bangor Theological Seminary
EIN:
01-0211484
Name of Bond End of Year Book Value End of Year Fair Market Value
Accrued Interest 39,934 39,934
100000 Shares of Priceline Grp Inc Note Call Make Whole 3.55% 95,087 95,087
4690 Shares of iShares ESG USD Corporate Bond ETF 106,557 106,557
100000 Shares of Capital One Finl Corp Sr Sub Note Cpn 3.80% 95,066 95,066
115000 Shares of Athene Hldg Ltd 4.125% 110,905 110,905
100000 Shares of CVS Health Corp Bond Call Make Whole 4.30% 96,562 96,562
100000 Shares of Santander Hldgs Usa Inc Fxd Rt Sr Nt 4.40% 96,615 96,615
115000 Shares of Ingersoll-rand Global Hldg Co 3.75% 109,625 109,625
100000 Shares of American Tower Corp New Sr Note 3.80% 92,949 92,949
100000 Shares of Verizon Communications Inc 4.016% 94,514 94,514
100000 Shares of Digital Rlty Tr Lp 3.60% 92,759 92,759
130000 Shares of JPMorgan Chase & Co Sr Glbl Nt 31 4.493% 125,220 125,220
100000 Shares of Workday Inc 3.80% 89,854 89,854
125000 Shares of Equinix Inc 3.90% 113,661 113,661
115000 Shares of Eaton Corp Ohio 4.15% 107,692 107,692
110000 Shares of Republic Svcs Inc Nt 5.00% 107,667 107,667
95000 Shares of Charles Schwab Corp Note Call Make Whole 5.85% 96,854 96,854
115000 Shares of Paypal Holdings Inc Senior Unsecured Note 5.15% 113,586 113,586
15291 Shares of Diamond Hill Short Duration Total Ret I 150,000 150,000
8903 Shares of Public Storage Cum Pfd Shs Ser N 3.875% Perptual 152,865 152,865
2919 Shares of iShares Floating Rate 149,132 149,132
100000 Shares of Synchrony Finl 4.25% 99,759 99,759
100000 Shares of Crown Castle Intl Corp 4.45% 98,249 98,249
100000 Shares of Omnicom Group Inc Note Call Make Whole 3.60% 96,725 96,725
100000 Shares of Boston Property 3.65% 96,506 96,506
105000 Shares of Fiserv Inc 3.85% 103,207 103,207
100000 Shares of Anthem Inc 2.375% 98,270 98,270
150000 Shares of Bank of America (Green Bond) 2.456% 148,439 148,439
150000 Shares of Netapp Inc 2.375% 138,513 138,513
1674 Shares of iShares 0-5 Year TIPS Bond ETF 166,546 166,546
1500 Shares of iShares 1-3 Year Treasury Bond ETF 122,475 122,475
3280 Shares of Vanguard Intermediate Term Treasury ETF 190,994 190,994

TY 2023 InvestmentsCorpStockSchedule
Name:
Bangor Theological Seminary
EIN:
01-0211484
Name of Stock End of Year Book Value End of Year Fair Market Value
14699 Shares of Mowi Asa Sponsored ADS 243,856 243,856
7198 Shares of London Stk Exchange Group ADR 216,372 216,372
2732 Shares of AstraZeneca PLC ADR 213,069 213,069
8334 Shares of eolia Environnement Adr 124,760 124,760
236 Shares of ASML Holding NV 241,364 241,364
18040 Shares of SPDR MSCI EAFE Fossil Fuel Free ETF 735,826 735,826
3326 Shares of Alphabet Inc Class A 605,831 605,831
2697 Shares of Amazon.com Inc 521,195 521,195
388 Shares of Home Depot Inc 133,565 133,565
1014 Shares of TJX Companies Inc 111,641 111,641
845 Shares of DR Horton Inc 119,086 119,086
1730 Shares of Aptiv PLC 121,827 121,827
837 Shares of Pepsico Incorporated 138,046 138,046
372 Shares of Costco Wholesale Corp 316,196 316,196
6450 Shares of Bank of America Corp 256,517 256,517
922 Shares of Morgan Stanley 89,609 89,609
1111 Shares of JP Morgan Chase & Co. 224,711 224,711
662 Shares of Marsh & McLennan Co Inc 139,497 139,497
676 Shares of Visa Inc 177,430 177,430
2096 Shares of Apollo Global Management Inc 247,475 247,475
934 Shares of Amgen Inc 291,828 291,828
2165 Shares of Merck & Co Inc 268,027 268,027
382 Shares of UnitedHealth Group Inc 194,537 194,537
118 Shares of Regeneron Pharmaceuticals 124,022 124,022
329 Shares of Thermo Fisher Scientific Inc 181,937 181,937
1439 Shares of Emerson Electric Co 158,520 158,520
679 Shares of Eaton Corp PLC 212,900 212,900
882 Shares of Republic Svcs Inc 171,408 171,408
2561 Shares of AECOM 225,727 225,727
510 Shares of Verisk Analytics Inc 137,471 137,471
271 Shares of TopBuild Corp 104,408 104,408
1459 Shares of Veralto Corp Com 139,291 139,291
868 Shares of Public Storage Inc 249,680 249,680
1450 Shares of Advanced Micro Devices 235,205 235,205
1773 Shares of Microsoft Corp 792,442 792,442
2788 Shares of Apple Inc 587,209 587,209
145 Shares of Lam Research Corp 154,403 154,403
1295 Shares of PTC Inc 235,263 235,263
5400 Shares of NVIDIA Corp 667,116 667,116
1023 Shares of Salesforce Inc 263,013 263,013
606 Shares of First Solar Inc 136,629 136,629
742 Shares of TE Connectivity Ltd 111,619 111,619
136 Shares of Broadcom Inc 218,352 218,352
517 Shares of Palo Alto Networks Com 175,268 175,268
479 Shares of Arista Networks Inc 167,880 167,880
2845 Shares of NextEra Energy Inc 201,454 201,454
5968 Shares of MP Materials Corp Com Cl A 75,973 75,973
1592 Shares of Houlihan Lokey, Inc. 214,697 214,697
1183 Shares of Chart Industries Inc 170,754 170,754
9443 Shares of Bloom Energy Corp A 115,582 115,582
2092 Shares of GXO Logistics Inc 105,646 105,646
4205 Shares of HA Sustainable Infra Cap 124,468 124,468
3320 Shares of NextEra Energy Partners LP 91,764 91,764

TY 2023 InvestmentsGovtObligationsSch
Name:
Bangor Theological Seminary
EIN:
01-0211484
US Government Securities - End of Year Book Value:

1,310,001
US Government Securities - End of Year Fair Market Value:

1,310,001
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2023 LandEtcSchedule2
Name:
Bangor Theological Seminary
EIN:
01-0211484
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
Equipment 7,737 7,121 616 616
Funiture and Fixtures 4,619 1,963 2,656 2,656


TY 2023 OtherAssetsSchedule
Name:
Bangor Theological Seminary
EIN:
01-0211484
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
Gifts of Future Interest 149,271 65,226 65,226
Beneficial Interest in Perpetual Trusts 2,531,315 2,734,844 2,734,844
Right-of-use assets - operating lease 237,854 362,917 362,917
Program Related Investments 200,015 200,015 200,015


TY 2023 OtherExpensesSchedule
Name:
Bangor Theological Seminary
EIN:
01-0211484
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Advertising Expense 36,181 0 0 31,424
Miscellaneous Expense 4,204 0 0 4,204
Office Expenses 15,841 0 0 15,841
Information Technology 11,083 0 0 11,083
Program Expenses 21,640 0 0 21,640


TY 2023 OtherIncomeSchedule2
Name:
Bangor Theological Seminary
EIN:
01-0211484
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Program Revenue 43,860   43,860
Other Income 925   925
Income From Perpetual Trusts And Other Gifts Of Future Interests 101,117   0


TY 2023 OtherIncreasesSchedule
Name:
Bangor Theological Seminary
EIN:
01-0211484
Description Amount
Unrealized Gain on Investments 2,168,240
Change in Value of Beneficial Interest in Perpetual Trust 204,983


TY 2023 OtherLiabilitiesSchedule
Name:
Bangor Theological Seminary
EIN:
01-0211484
Description Beginning of Year - Book Value End of Year - Book Value
Lease Liability - Operating Lease, net of operation 241,147 359,926


TY 2023 OtherProfessionalFeesSchedule
Name:
Bangor Theological Seminary
EIN:
01-0211484
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management Fees 74,465 74,465 74,465 0
Other Professional Fees 131,788 0 0 121,649


TY 2023 TaxesSchedule
Name:
Bangor Theological Seminary
EIN:
01-0211484
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Federal Excise Tax 4,473 0 0 4,473