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
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 07-01-2024 , and ending 06-30-2025
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$22,420,452J 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) 129,923
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 386,633 386,633 386,633
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -185,046
b Gross sales price for all assets on line 6a 6,192,062
7 Capital gain net income (from Part IV, line 2)... 1,024,160
8 Net short-term capital gain......... 0
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
203,518 0 90,908
12 Total. Add lines 1 through 11........ 535,028 1,410,793 477,541
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 157,804 0 0 157,804
14 Other employee salaries and wages...... 338,931 0 90,554 248,377
15 Pension plans, employee benefits....... 105,052 0 0 105,052
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
220 0 0 220
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
45,203 6,296 6,296 38,907
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
211,125 88,569 88,569 114,501
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
18,500 0 0 18,500
19 Depreciation (attach schedule) and depletion... 354 0 354
20 Occupancy.............. 118,013 0 0 112,640
21 Travel, conferences, and meetings....... 33,427 0 0 33,427
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
95,852 0 0 92,610
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,124,481 94,865 185,773 922,038
25 Contributions, gifts, grants paid....... 11,000 11,000
26 Total expenses and disbursements. Add lines 24 and 25 1,135,481 94,865 185,773 933,038
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -600,453
b Net investment income (if negative, enter -0-) 1,315,928
c Adjusted net income (if negative, enter -0-)... 291,768
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
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............. 89,399 51,023 51,023
2 Savings and temporary cash investments......... 681,408 1,564,463 1,564,463
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow2,523
Less: allowance for doubtful accounts right arrow   3,848 2,523 2,523
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.......... 15,297 0 0
10a Investments—U.S. and state government obligations (attach schedule) 1,310,001 Click to see attachment
List of Attached Documents:
// Content
1,184,411 		1,184,411
b Investments—corporate stock (attach schedule)....... 12,282,366 Click to see attachment
List of Attached Documents:
// Content
12,434,670 		12,434,670
c Investments—corporate bonds (attach schedule)....... 3,596,787 Click to see attachment
List of Attached Documents:
// Content
3,468,206 		3,468,206
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 arrow9,438 3,272 Click to see attachment
List of Attached Documents:
// Content
2,918 		2,918
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
3,363,002 		Click to see attachment
List of Attached Documents:
// Content
3,712,238 		Click to see attachment
List of Attached Documents:
// Content
3,712,238
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 21,345,380 22,420,452 22,420,452
Liabilities 17 Accounts payable and accrued expenses.......... 9,478 10,853
18 Grants payable.................    
19 Deferred revenue................. 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
359,926 		Click to see attachment
List of Attached Documents:
// Content
336,542
23 Total liabilities (add lines 17 through 22)......... 375,589 347,395
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........... 4,820,292 5,165,484
25 Net assets with donor restrictions............ 16,149,499 16,907,573
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)..... 20,969,791 22,073,057
30 Total liabilities and net assets/fund balances (see instructions). 21,345,380 22,420,452
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
20,969,791
2
Enter amount from Part I, line 27a .....................
2
-600,453
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
1,703,719
4
Add lines 1, 2, and 3 ..........................
4
22,073,057
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
22,073,057
Form 990-PF (2024)
Form 990-PF (2024)
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 4,599,562   3,355,554 1,244,008
b 1,592,500   1,812,348 -219,848
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       1,244,008
b       -219,848
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 1,024,160
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 -219,848
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 18,291
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 18,291
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 18,291
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 19,824
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 19,824
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 1,533
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow1,533 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
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 2024 or the taxable year beginning in 2024? 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 2024, 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 (2024)
Form 990-PF (2024)
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 2024? .............
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 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
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 2024 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 2024.) .....................
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 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
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
Debra L Coyman 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 Alex Shea Will Trustee
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 Eric Elnes 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
Ophelia Hu Kinney 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
Rev Dr Andi Lloyd 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
Sumaiya Zama Trustee
1.00 		0 0 0
97 India Street
Portland,ME04101
Rev Allen Ewing Merrill Executive Director
40.00 		128,632 29,172 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 Associate Director
34.00 		80,283 10,935 0
97 India Street
Portland,ME04101
Ben Yosua-Davis Director of Applied
32.00 		63,027 9,409 0
97 India Street
Portland,ME04101
Kanval Ahmed Operations Manager
32.00 		53,272 8,731 0
97 India Street
Portland,ME04101
Ashley Temin Communications Manag
32.00 		51,854 9,187 0
97 India Street
Portland,ME04101
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
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 20 Summary of Direct Charitable Activities. 259,954
2 Activity Two: Equipping CongregationsSee Statement 20 Summary of Direct Charitable Activities. 156,925
3 Activity Three: Public Conversations and Public RitualSee Statement 20 Summary of Direct Charitable Activities. 162,269
4 Activity Two: Applied ResearchSee Statement 20 Summary of Direct Charitable Activities. 234,025
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 At June 30, 2025, the programmatic investments included two $50,000 investments with Cornerstone Fund, which bear interest at 3% per annum, paid semi-annually and maturing in June 2028. 100,000
2 At June 30, 2025, the programmatic investments included a $90,000 investment with Cornerstone Fund Mission Giving, which bears interest at 4.15% per annum, paid semi-annually and maturing in June 2030. 90,000
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow190,000
Form 990-PF (2024)
Form 990-PF (2024)
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
20,838,574
b
Average of monthly cash balances.......................
1b
259,160
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
21,097,734
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
21,097,734
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
316,466
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
20,781,268
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,039,063
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 2024 from Part V, line 5 .......
2a
 
b
Income tax for 2024. (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
933,038
b
Program-related investments—total from Part VIII-B..................
1b
190,000
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
1,123,038
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7  
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$  
a Applied to 2023, 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 2024 distributable amount.....  
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2024.    
(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 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		 
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 2019 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		 
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024....  
Form 990-PF (2024)
Form 990-PF (2024)
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 2024, 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) 2024 (b) 2023 (c) 2022 (d) 2021
291,768 350,584 295,400 280,128 1,217,880
b 85% (0.85) of line 2a ......... 248,003 297,996 251,090 238,109 1,035,198
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		1,123,038 792,089 1,028,855 788,672 3,732,654
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		11,000 0 0 0 11,000
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		1,112,038 792,089 1,028,855 788,672 3,721,654
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 .. 		692,709 627,769 597,591 692,539 2,610,608
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 if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
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 (2024)
Form 990-PF (2024)
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

MountainTrue

29 N Market Street Suite 610
Asheville,NC28801 		  PC Hurricane Helene donation 1,000

Cornerstone Fund Mission Giving - Maine Conference UCC Pilgrim Lodge

103 Pilgrim Lodge Lane
West Gardner,ME04345 		  PC Charitable Donation 5,000

Cornerstone Fund Mission Giving- ME Conference UCC Maine School of Ministry

337 State Street Suite 3
Augusta,ME04330 		  PC Charitable Donation 5,000
Total .................................right arrow 3a 11,000
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
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         90,336
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 ....     14 386,633  
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 -185,046  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aOther Income 		        572
bIncome From Perpetual Trusts And Other Gifts Of Future Interests     14 112,610  
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 314,197 90,908
13Total. Add line 12, columns (b), (d), and (e)..................
13
405,105
(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 (2024)
Form 990-PF (2024)
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 Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

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

01-0211484
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation
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
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
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) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
Bangor Theological Seminary
  		Employer identification number
01-0211484
Part I
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
Estate of Edward MacDonald
 
7763 Southampton Terrace 404
 
Tamarac, FL33321

$ 5,062


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
Fidelity Investments Charitable Gift Fund
 
245 Summer Street MZ NM43A
 
Boston, MA02210

$ 5,000


(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.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
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) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
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.) $  
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) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

TY 2024 AccountingFeesSchedule
Name:
Bangor Theological Seminary
EIN:
01-0211484
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Accounting Fees 45,203 6,296 6,296 38,907

TY 2024 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 With roots dating back to 1814, Bangor Theological Seminary, d/b/a The BTS Center (The BTS Center), is a nonprofit private operating foundation in Portland, Maine with a mission "to catalyze spiritual imagination, with enduring wisdom, for transformative faith leadership."The BTS Center builds on the legacy of the former Bangor Theological Seminary (the Seminary), a private, independent, non-profit religious institution chartered in 1814 six years prior to Maine statehood that closed its doors after its final commencement in June 2013. For 199 years, the Seminary offered exceptional theological education and spiritual / vocational formation for persons responding to a call to ministry. Today, in a time of immense challenge for faith communities and faith leaders, The BTS Center carries on the Seminary's historic, chartered educational mission by offering theologically grounded programs of continuing education and spiritual / vocational formation, including learning communities and cohorts, workshops and retreats, reading groups, public conversations and rituals, and projects of applied research. Inspired by the vision of "human hearts renewed, justice established, and creation restored," today The BTS Center's programs focus seek to cultivate and nurture "spiritual leadership for a climate-changed world."The BTS Center seeks to honor the work of God in the world by committing to these Core Values: Courage: honestly engaging our changing religious landscape Resilience: Cultivating the ability to adapt Collaboration: Doing more together Generosity: Readily giving of ourselves and our resources Integrity: Holding ourselves to high standards in all we doThe BTS Center's programs consist of the following:Leadership Formation:The 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 a nine-month EcoPreacher Cohort, drawing together preachers from around the country to strengthen their climate consciousness; a 5-month Navigating Climate Spiritual Care learning community to help spiritual leaders deepen their understanding of the physical, emotional, mental health, and spiritual impacts of the climate crisis, and to explore how to address these impacts through the practice of spiritual care; a growing Climate Conscious Chaplaincy Initiative, including Chaplaincy Conversation Circles and online workshops for chaplains of all sectors; and a series of Spiritual Accompaniment Circles for leaders. With its focus on Leadership Formation, The BTS Center seeks to connect, equip, and support leaders from a variety of traditions as they lead spiritual communities in a climate-changed world.Expenses: $259,954Equipping Congregations:The 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 four small New England congregations for a year-long cohort focusing on naming and deepening the unique gifts of small congregations. Through a program called "Claiming Your Call for a Climate-Changed World," offered in partnership with Creation Justice Ministries and the Anabaptist Climate Collaborative, The BTS Center has accompanied twelve congregations in discerning their unique vocation in this time of cultural, social, and ecological unraveling. In June we offered 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. 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: $156,925Public Conversations and Public Ritual:Drawing 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 3 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 and public theologian Brian McLaren and with indigenous teacher Sherri Mitchell / Weh'na Ha'mu Kwasset, indigenous lawyer, teacher, and author; a series of "Let's Talk!" lunchtime conversations; an in-person event for Martin Luther King, Jr. Day; and several reading groups, including a Summer Fiction Book Club.Expenses: $162,269Applied Research:The 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 EcoPreacher Cohort, with the Claiming Your Call for Climate-Changed World cohort, and with the Small Church Leadership Community, asking questions about congregational and clergy understandings of vocation in a climate-changed world.Expenses: $234,025Convocation: 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 2024, held in person in Hallowell, Maine, explored the theme "Hope In Small Places: Becoming People of Refugia Faith," with Dr. Debra Rienstra, Rev. Mariama White Hammond, musician Joshua Long, 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.Partnerships:True to its core value of collaboration, and believing that all flourishing is mutual, 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: $119,865

TY 2024 InvestmentsCorpBondsSchedule
Name:
Bangor Theological Seminary
EIN:
01-0211484
Name of Bond End of Year Book Value End of Year Fair Market Value
Accrued Interest 37,550 37,550
15291 Shares Of Diamond Hill Short Duration Total Ret I 153,364 153,364
6655 Shares Of iShares ESG USD Corporate Bond ETF 154,596 154,596
115000 Shares Of Ingersoll-rand Global Hldg Co 3.75% 8/21/ 2028 113,637 113,637
100000 Shares Of American Tower Corp New Sr Note 3.80% 8/15/ 2029 97,227 97,227
100000 Shares Of Verizon Communications Inc 4.016% 12/3/2029 98,665 98,665
100000 Shares Of Digital Rlty Tr Lp 3.60% 7/1/2029 96,930 96,930
130000 Shares Of JPMorgan Chase & Co Sr Glbl Nt 31 4.493% 03/ 24/2031 129,836 129,836
100000 Shares Of Workday Inc 3.80% 4/1/ 2032 93,966 93,966
125000 Shares Of Equinix Inc 3.90% 4/15/ 2032 118,390 118,390
115000 Shares Of Eaton Corp Ohio 4.15% 3/15/2033 111,509 111,509
110000 Shares Of Republic Svcs Inc Nt 5.00% 4/1/2034 111,637 111,637
95000 Shares Of Charles Schwab Corp Note Call Make Whole 5.85% 5/19/2034 100,919 100,919
115000 Shares Of PayPal Holdings Inc 5.15% 6/1/2034 116,809 116,809
8903 Shares Of Public Storage Cum Pfd Shs Ser N 3.875%% Perptual 136,216 136,216
2919 Shares Of iShares Floating Rate 148,927 148,927
100000 Shares Of Crown Castle Intl Corp 4.45% 2/15/2026 99,877 99,877
100000 Shares Of Omnicom Group Inc Note Call Make Whole 3.60% 4/15/2026 99,248 99,248
100000 Shares Of Boston Property 3.65% 2/ 1/2026 99,352 99,352
100000 Shares Of Priceline Grp Inc Note Call Make Whole 3.55% 3/15/2028 98,412 98,412
100000 Shares Of Capital One Finl Corp Sr Sub Note Cpn 3.80% 1/ 31/2028 98,680 98,680
115000 Shares Of Athene Hldg Ltd 4.125% 1/12/2028 113,932 113,932
100000 Shares Of CVS Health Corp Bond Call Make Whole 4.30% 3/25/2028 99,590 99,590
100000 Shares Of Santander Hldgs Usa Inc Fxd Rt Sr Nt 4.40% 7/13/ 2027 99,833 99,833
115000 Shares Of Bank Amer Corp 3.559% 4/23/2027 114,174 114,174
110000 Shares Of Ares Capital Corp Note Call Make Whole 3.25% 7/15/2025 109,933 109,933
150000 Shares Of Netapp Inc 2.375% 6/22/ 2027 144,254 144,254
3394 Shares Of iShares 0-5 Year TIPS Bond ETF 349,277 349,277
4147 Shares Of SPDR Barclays Short Term Treasury ETF 121,466 121,466

TY 2024 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 283,691 283,691
6465 Shares Of London Stk Exchange Group ADR 238,300 238,300
3095 Shares Of AstraZeneca PLC ADR 216,279 216,279
16553 Shares Of Veolia Environnement Adr 295,471 295,471
17875 Shares Of SPDR MSCI EAFE Fossil Fuel Free ETF 846,558 846,558
5979 Shares Of MP Materials Corp Com Cl A 198,920 198,920
3154 Shares Of Alphabet Inc Class A 555,829 555,829
2697 Shares Of Amazon com Inc 591,695 591,695
388 Shares Of Home Depot Inc 142,256 142,256
1014 Shares Of TJX Companies Inc 125,219 125,219
837 Shares Of Pepsico Incorporated 110,517 110,517
167 Shares Of Costco Wholesale Corp 165,320 165,320
5004 Shares Of Bank of America Corp 236,789 236,789
1111 Shares Of JP Morgan Chase & Co. 322,090 322,090
662 Shares Of Marsh & McLennan Co Inc 144,740 144,740
669 Shares Of Chubb Limited 193,823 193,823
676 Shares Of Visa Inc 240,014 240,014
1351 Shares Of Apollo Global Management Inc 191,666 191,666
1179 Shares Of Houlihan Lokey, Inc. 212,161 212,161
807 Shares Of Coinbase 282,845 282,845
513 Shares Of Stryker Corp 202,958 202,958
157 Shares Of Eli Lilly and Company 122,386 122,386
183 Shares Of McKesson Corporation 134,099 134,099
1627 Shares Of Boston Scientific 174,756 174,756
507 Shares Of Vertex Pharmaceuticals Inc 225,716 225,716
1251 Shares Of Emerson Electric Co 166,796 166,796
882 Shares Of Republic Svcs Inc 217,510 217,510
2561 Shares Of AECOM 289,034 289,034
1886 Shares Of Xylem Inc 243,973 243,973
3607 Shares Of nVent Electric PLC Shs 264,213 264,213
2010 Shares Of Veralto Corp Com 202,910 202,910
868 Shares Of Public Storage Inc 254,689 254,689
1170 Shares Of Oracle Corporation 255,797 255,797
1745 Shares Of Microsoft Corp 867,980 867,980
2350 Shares Of Apple Inc 482,150 482,150
3080 Shares Of Ciena Corp 250,496 250,496
1635 Shares Of PTC Inc 281,776 281,776
3947 Shares Of NVIDIA Corp 623,587 623,587
439 Shares Of Salesforce Inc 119,711 119,711
1734 Shares Of Broadcom Inc 477,977 477,977
1034 Shares Of Palo Alto Networks Com 211,598 211,598
1916 Shares Of Arista Networks Inc 196,026 196,026
6573 Shares Of Essentials Utilities Inc 244,121 244,121
1183 Shares Of Chart Industries Inc 194,781 194,781
1029 Shares Of Itron Inc 135,447 135,447

TY 2024 InvestmentsGovtObligationsSch
Name:
Bangor Theological Seminary
EIN:
01-0211484
US Government Securities - End of Year Book Value:

1,184,411
US Government Securities - End of Year Fair Market Value:

1,184,411
State & Local Government Securities - End of Year Book Value:


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


0


TY 2024 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 7,244 493 493
Funiture and Fixtures 4,619 2,194 2,425 2,425


TY 2024 LegalFeesSchedule
Name:
Bangor Theological Seminary
EIN:
01-0211484
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Legal Fees 220 0 0 220


TY 2024 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 65,226 65,848 65,848
Beneficial Interest in Perpetual Trusts 2,734,844 2,922,154 2,922,154
Right-of-use assets - operating lease 362,917 334,221 334,221
Program Related Investments 200,015 390,015 390,015


TY 2024 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 32,395 0 0 29,153
Miscellaneous Expense 4,458 0 0 4,458
Office Expenses 14,733 0 0 14,733
Information Technology 16,264 0 0 16,264
Program Expenses 28,002 0 0 28,002


TY 2024 OtherIncomeSchedule2
Name:
Bangor Theological Seminary
EIN:
01-0211484
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Program Revenue 90,336   90,336
Other Income 572   572
Income From Perpetual Trusts And Other Gifts Of Future Interests 112,610   0


TY 2024 OtherIncreasesSchedule
Name:
Bangor Theological Seminary
EIN:
01-0211484
Description Amount
Unrealized Gain on Investments 1,514,997
Change in Value of Beneficial Interest in Perpetual Trust 188,722


TY 2024 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 359,926 336,542


TY 2024 OtherProfessionalFeesSchedule
Name:
Bangor Theological Seminary
EIN:
01-0211484
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management Fees 88,569 88,569 88,569 0
Other Professional Fees 122,556 0 0 114,501


TY 2024 TaxesSchedule
Name:
Bangor Theological Seminary
EIN:
01-0211484
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Federal Excise Tax 18,500 0 0 18,500