Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
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Total |
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Calendar year
(or fiscal year beginning in)
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(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | ||||||
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf .... | ||||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 4 | Total. Add lines 1 through 3 | ||||||
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) .. | ||||||
| 6 | Public support. Subtract line 5 from line 4. | ||||||
Calendar year
(or fiscal year beginning in)
![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | ||||||
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | ||||||
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | ||||||
| 11 | Total support. Add lines 7 through 10 | ||||||
Calendar year (or fiscal
year beginning in) ![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | ||||||
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | ||||||
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | ||||||
| 6 | Total. Add lines 1 through 5 | ||||||
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | ||||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | ||||||
| c | Add lines 7a and 7b.. | ||||||
| 8 | Public support. (Subtract line 7c from line 6.) | ||||||
Calendar year
(or fiscal year beginning in)
![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | ||||||
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | ||||||
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | ||||||
| 11 | Net income from unrelated business activities not included on line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | ||||||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
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| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by 0.035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | 1 | |
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
2 | |
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | 3 | |
| 4 Amounts paid to acquire exempt-use assets | 4 | |
| 5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) | 5 | |
| 6 Other distributions (describe in Part VI). See instructions | 6 | |
| 7Total annual distributions. Add lines 1 through 6. | 7 | |
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
8 | |
| 9 Distributable amount for 2024 from Section C, line 6 | 9 | |
| 10 Line 8 amount divided by Line 9 amount | 10 | |
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2024 |
(iii) Distributable Amount for 2024 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2024 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2024 (reasonable cause required-- explain in Part VI).
See instructions. |
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| 3 Excess distributions carryover, if any, to 2024: | ||||
| a From 2019....... | ||||
| b From 2020....... | ||||
| c From 2021....... | ||||
| d From 2022....... | ||||
| e From 2023....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2024 distributable amount | ||||
|
i
Carryover from 2019 not applied (see instructions) |
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| j Remainder. Subtract lines 3g, 3h, and 3i from line 3f. | ||||
| 4Distributions for 2024 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2024 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from line 4. | ||||
|
5
Remaining underdistributions for years prior to 2024, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
6
Remaining underdistributions for 2024. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
7 Excess distributions carryover to 2025. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2020..... | ||||
| b Excess from 2021..... | ||||
| c Excess from 2022..... | ||||
| d Excess from 2023..... | ||||
| e Excess from 2024..... | ||||
| Facts And Circumstances Test |
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| Return Reference | Explanation |
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| Software ID: | |
| Software Version: |
| Return Reference | Explanation |
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| SCHEDULE E, PART I, LINE 3 | THE NONDISCRIMINATION POLICY IS PUBLISHED IN THE OST CATALOG ON PAGE 1 AND IS AVAILABLE IN PRINT OR ON-LINE THROUGH THE SCHOOL'S WEBSITE. THE CATALOG IS AVAILABLE TO BOTH CURRENT AND POTENTIAL STUDENTS. |
| SCHEDULE E, PART I, LINE 6 | THE ORGANIZATION RECEIVED EMPLOYEE RETENTION CREDIT FUNDS DURING FYE 2025. |
| Software ID: | |
| Software Version: |
| Return Reference | Explanation |
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| FORM 990, PART III, LINE 3 | EFFECTIVE JANUARY 1, 2024, OBLATE RENEWAL CENTER OPERATIONS AND FIXED ASSETS WERE TRANSFERRED TO THE U.S. PROVINCE, A RELATED PARTY. THE SCHOOL RECORDED A LOSS OF $137,583 RELATED TO THIS TRANSFER, WHICH IS INCLUDED IN OTHER INCOME (LOSS) ON THE CONSOLIDATED STATEMENT OF ACTIVITIES AND CHANGES IN NET ASSETS FOR THE YEAR ENDED JUNE 30, 2024. THE SCHOOL STILL CONTINUES TO HOST AND OPERATE EVENTS IN SMALLER SPACES. |
| FORM 990, PART VI, SECTION A, LINE 1A | BETWEEN MEETINGS OF THE BOARD OF TRUSTEES, THE EXECUTIVE COMMITTEE SHALL HAVE GENERAL SUPERVISION OF THE ADMINISTRATION AND PROPERTY OF THE SCHOOL EXCEPT THAT IT MAY NOT TAKE ANY ACTION INCONSISTENT WITH A SPECIFIC DIRECTION OF THE BOARD OF TRUSTEES, UNLESS SPECIFICALLY EMPOWERED BY THE BOARD OF TRUSTEES TO DO SO, NOR MAY IT TAKE ANY ACTION WHICH HAS BEEN EXPLICITLY RESERVED BY THE BOARD OF TRUSTEES. THE FOLLOWING ARE MEMBERS OF THE EXECUTIVE COMMITTEE: RAY COOK, OMI (CHAIR), LOUIS STUDER, OMI (OST PRESIDENT), REV. RUFUS WHITLEY, OMI, REV. JIM CHAMBERS, OMI, SR. JANE ANN SLATER, CDP, DR. CAROLYN WOO, SR. TERESA MAYA, CCVI, AND MR. RENE ESPINOSA, VP OF ADMINISTRATION AND FINANCE, WHO IS NOT AN OFFICAL MEMBER OF THE EXECUTIVE COMMITTEE, BUT ACTS AS A LIASON BETWEEN THE COMMITTEE AND THE SCHOOL. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE MEMBERS OF THIS CORPORATION SHALL BE THE PROVINCIAL SUPERIOR, THE PROVINCIAL TREASURER AND THOSE CERTAIN QUALIFIED MEMBERS WHO ARE DULY APPOINTED AND/OR AFFIRMED IN COUNCIL AT ANY TIME AND FROM TIME TO TIME BY THE PROVINCIAL SUPERIOR. THE PROVINCIAL SUPERIOR SHALL SERVE AND IS CHAIRPERSON OF THE CORPORATION. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE MEMBERS OF THIS CORPORATION SHALL BE APPOINTED FROM AMONG THOSE CERTAIN MEMBERS OF THE UNITED STATES PROVINCE OF THE MISSIONARY OBLATES OF MARY IMMACULATE, A RELIGIOUS AND APOSTOLIC CONGREGATION OF THE ROMAN CATHOLIC CHURCH ("RELIGIOUS CONGREGATION") APPOINTED AND/OR AFFIRMED IN COUNCIL AT ANY TIME AND FROM TIME TO TIME BY THE SUPERIOR GENERAL OF THE RELIGIOUS CONGREGATION TO SERVE IN THE ECCLESIASTICAL OFFICES OF THE PROVINCIAL SUPERIOR, PROVINCIAL COUNCILOR(S) AND THE PROVINCIAL TREASURER ("QUALIFIED MEMBERS"). |
| FORM 990, PART VI, SECTION A, LINE 7B | THE FOLLOWING ENUMERATED POWERS ARE RESERVED TO THE MEMBERS OF THIS CORPORATION. THE POWER: A. TO APPROVE THE STATED PHILOSOPHY ACCORDING TO WHICH OBLATE SCHOOL OF THEOLOGY OPERATES; B. TO ADOPT AMENDMENTS TO THE ARTICLES OF INCORPORATION AND TO THE BY-LAWS WHICH ARE PROPOSED BY THE BOARD OF TRUSTEES, AND, BY EXCEPTION, TO INITIATE SUCH AMENDMENTS; C. TO ELECT TRUSTEES; D. TO LEASE, SELL, OR ENCUMBER CORPORATE REAL ESTATE AFTER CONSULTATION WITH THE BOARD OF TRUSTEES; E. TO MERGE OR DISSOLVE THE CORPORATION; F. TO APPROVE OR DISAPPROVE THE ELECTION AND/ OR REMOVAL OF THE PRESIDENT OF THE SCHOOL OF THEOLOGY. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE ORGANIZATION'S FORM 990 IS PRESENTED TO MEMBERS OF THE FINANCE COMMITTEE FOR REVIEW BEFORE FILING. THE FORM 990 IS MADE AVAILABLE TO ANY BOARD MEMBER UPON REQUEST. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE BOARD OF TRUSTEES AND VOLUNTEERS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST STATEMENT ON AN ANNUAL BASIS. THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS ALL CONFLICT OF INTEREST STATEMENTS AND ACKNOWLEDGES ANY CONFLICTS IN THE MINUTES OF THE BOARD OF TRUSTEES. BOARD MEMBERS WITH CONFLICTS, IF ANY, ARE REQUIRED TO ABSTAIN FROM DISCUSSION AND VOTING. |
| FORM 990, PART VI, SECTION B, LINE 15 | ALL EMPLOYEES ARE COMPENSATED BY A RELATED ORGANIZATION, THE OBLATE SERVICE CORPORATION. COMPENSATION IS ESTABLISHED BY THE PRESIDENT AND VICE PRESIDENT FOR ADMINISTRATION AND FINANCE WITH FINAL APPROVAL BY THE EXECUTIVE AND FINANCE COMMITTEES OF THE BOARD OF TRUSTEES. SALARY SURVEYS ARE ALSO USED TO DETERMINE SALARY RANGES FOR VARIOUS POSITIONS. THE EXECUTIVE AND FINANCE COMMITTEES REVIEW AND COMPARE EXECUTIVE SALARIES TO SALARY SURVEYS OF INSTITUTIONS OF SIMILAR SIZE OBTAINED FROM ACCREDITING AGENCIES. THE PROCESS FOR REVIEWING THE PRESIDENT'S COMPENSATION BY THE BOARD IS DONE UPON INITIAL HIRING AND/OR IF PRESIDENT REQUESTS A PAY INCREASE. THE PRESIDENT'S COMPENSATION WAS LAST REVIEWED IN FY2024. FURTHER, THE ANNUAL CONTRACT FOR THE PRESIDENT IS REVIEWED AND APPROVED BY THE BOARD'S TREASURER. ANNUAL COLA INCREASES IN COMPENSATION FOR THE SCHOOL ARE APPROVED BY THE BOARD DURING THE BUDGET PROCESS EVERY MARCH. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, POLICIES, FINANCIAL STATEMENTS AND FORM 990 AVAILABLE UPON REQUEST. |
| FORM 990, PART VII, LINE 2: | THE SCHOOL LEASES ITS EMPLOYEES FROM THE OBLATE SERVICE CORPORATION (OSC). THEREFORE, THIS AMOUNT HAS BEEN REPORTED AS 0. FOR THIS REASON COMPENSATION AMOUNTS ARE REPORTED IN COLUMN E OF PART VII. |
| FORM 990, PART XI, LINE 9: | CHANGE IN VALUE OF OIP CHARITABLE TRUST 2,970,060. CHANGE IN VALUE OF BENEFICIAL INTEREST IN CGA -33,477. |
| FORM 990, PART XII, LINE 2C: | THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
| Software ID: | |
| Software Version: |