2025-01-16T15:54:51+00:00 2023-06-30 363990892 Capin Crouse LLP 55 Shuman Blvd Suite 300 Naperville IL 60563 990 2022-07-01 383001876 Calvin Theological Seminary CALV 6169578619 3233 Burton SE Grand Rapids MI 49546 Julius Medenblik President 6169578619 2025-01-16 true true Daren Daiga P01074795 5055022746 2022 2024-10-15 13:58:12Z Julius Medenblik 3233 Burton SE Grand Rapids MI 49546 31091345 false X WWW.CALVINSEMINARY.EDU X 1876 MI Calvin Theological Seminary exists to serve the Christian Reformed Church by preparing persons for biblically faithful and contextually effective ministry of the Word. 20 20 129 21 0 0 8408351 7731320 2559573 2499498 2458548 5063548 65396 45543 13491868 15339909 1195980 1233543 0 0 5176996 5079264 0 0 740081 4368669 4969808 10741645 11282615 2750223 4057294 78907473 88012471 1969227 2677007 76938246 85335464 X Calvin Theological Seminary exists to serve the Christian Reformed Church in North America and wider constituencies by preparing persons for biblically faithful and contextually effective ministry of the Word and by offering reformed theological scholarship and counsel. false false 7342076 1210553 1885926 The Seminary's primary purpose is the education and training of over 300 students to prepare them for ministry and leadership in the church. 567745 22990 644653 Auxiliary Revenues include activities for student housing. This is only housing revenues and expenditures. 62098 0 4200 The Calvin Theological Journal and CTS Forum provide opportunities for students and faculty. 60412 0 0 The Faculty Heritage Fund provides funds for research and professional development for seminary faculty. 60412 8032331 true true false false false false false false true true true false false true false true false true false false false false false true false false false true true false false false false false false false false false false false false false true true false false false true 326 0 true 129 true true true false false false false true true false false false false false false false false X 20 20 false false false false false true true true true false false true true true true true true true true false MI X Randy DeVries 6169578619 3233 Burton SE Grand Rapids MI 49546 David Morren Board Chairman 5.0 X X 0 0 0 Scott Greenway Board Vice Chairman 4.0 X X 0 0 0 Susan Keesen Board Secretary 2.0 X X 0 0 0 Brian Verhuel Board Member 2.0 X 0 0 0 Charles Veenstra Board Member 2.0 X 0 0 0 Hessel Kielstra Board Member 2.0 X 0 0 0 Julius Umawing Board Member 2.0 X 0 0 0 Kristin Vos Board Member 2.0 X 0 0 0 Mark Verbruggen Board Member 2.0 X 0 0 0 Mr Frank Zee Board Member 2.0 X 0 0 0 Ms Heather Garretson Board Member 2.0 X 0 0 0 Ms Louise Boutin Board Member 2.0 X 0 0 0 Ms Sue Imig Board Member 2.0 X 0 0 0 Ms Susan Strikwerda Board Member 2.0 X 0 0 0 Paul Boersma Board Member 2.0 X 0 0 0 Rev Alan E van der Woerd Board Member 2.0 X 0 0 0 Rev Arthur J Van Wolde Board Member 2.0 X 0 0 0 Rev Christian Oh Board Member 2.0 X 0 0 0 Rev James Jones Board Member 2.0 X 0 0 0 Rev Robert Drenten Board Member 2.0 X 0 0 0 Theresa Rottschafer Board Member 2.0 X 0 0 0 Christopher Dinh Director of Finance (part year) 40.0 X 89758 0 8746 Margaret Mwenda Chief Operating Officer 40.0 X 105127 0 23656 Randy DeVries Controller 40.0 X 0 0 0 Rev Julius T Medenblik JD President 40.0 X 179910 0 29822 Danjuma Gibson Professor of Pastoral Theology, Care and Counseling 40.0 X 111168 0 31967 Robert Knoor Director of Development 40.0 X 114746 0 16073 600709 0 110264 4 false true false Rockford Construction 601 First St NW Grand Rapids MI 49504 Remodeling services 127915 1 263592 1675251 5792477 7731320 Tuition & fees 813110 1854845 1854845 Auxiliary enterprises 813110 644653 644653 0 0 0 0 2499498 1140845 1140845 10262 10262 0 0 14371680 5200000 14069667 1579310 302013 3620690 3922703 3922703 102459 263592 102459 0 0 Misc. revenue 900099 35281 35281 0 0 0 0 35281 15339909 2534779 0 5073810 1233543 1233543 0 0 427472 70858 287840 68774 3000 3000 3806634 2942293 636385 227956 344586 267927 56247 20412 354850 262538 68262 24050 142722 102451 30407 9864 9279 9279 47612 47612 262112 262112 582696 388961 79465 114270 299963 150360 13539 136064 201624 138635 40962 22027 299341 224506 59868 14967 1248149 743009 505140 0 385659 250019 78183 57457 116093 95437 17422 3234 734515 550886 146903 36726 Misc expenses 491228 373009 113939 4280 Equipment and maintenance 269180 226784 42396 Subscriptions and memberships 22357 11115 11242 0 0 0 0 11282615 8032331 2510203 740081 1436329 479897 912954 27329 235209 182226 0 0 400849 173587 24830320 9265642 16342769 15564678 52501684 54966618 5988969 14550528 1088710 951886 0 1115722 78907473 88012471 1671070 1363420 125855 111712 0 172302 1201875 1969227 2677007 X 19407743 28520445 57530503 56815019 76938246 85335464 78907473 88012471 X 4057294 4301054 38870 X false true X true false X 9545757 10656726 10508009 8354020 7731320 46795832 0 0 9545757 10656726 10508009 8354020 7731320 46795832 1819039 44976793 230240 192863 476600 1081085 1151107 3131895 0 151041 159316 110830 145722 35281 602190 50529917 14567368 0.8901 X Schedule A, Part II The organization is a school as described under 170(b)(1)(A)(ii) and is not required to complete a public support schedule. Schedule A, Part II is completed to verify the School can qualify under public charity status section 170(b)(1)(A)(vi) and, therefore, qualifies to use the first listed special rule for Schedule B reporting. Schedule A, Part II, Line 10 Other Income DESCRIPTION - MISC INCOME, COLUMN A - 151041.0, COLUMN B - 159316.0, COLUMN C - 110830.0, COLUMN D - 145722.0, COLUMN E - 35281.0, COLUMN F - 602190.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 52443300 654052 5243591 1858400 56482543 56593111 1479649 -3656876 917100 1055484 52443300 46742040 1011516 10174752 706600 628597 56593111 46009129 2716061 -364550 831800 786800 46742040 41962209 1797183 3666090 763300 653053 46009129 0.1327 0.8673 0.0 false false 45000 45000 19314199 5258217 14055982 137464 137464 0 5333657 3869961 1463696 15564678 Fixed income and other investments 13293344 F Land and real estate 1050000 F Beneficial interest in trust 207184 C 14550528 Operating lease liabilities 1039924 Federal Perkins loan advances 108464 Due from related party 53487 1201875 18286637 4301054 141329 4442383 13844254 262112 1233543 1495655 15339909 9889419 102459 102459 9786960 262112 1233543 1495655 11282615 Schedule D, Part V, Line 4 Intended uses of endowment funds Our endowment is a means to provide permanent funding for faculty positions, student scholarships, and other mission-related expenses. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Fundraising event expenses - 102459 Actuarial change in post retirement benefit - 64866 Changes in the value of split-interest agreements - -25996 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Scholarships and discounts - 22990 Financial aid - 1210553 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Fundraising event expenses - 102459 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Financial aid - 1210553 Scholarship and discounts - 22990 true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY The organization publicized its racially nondiscriminatory policy on the homepage of its website at all times during its tax year in a manner reasonably expected to be noticed by visitors. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT Calvin Theological Seminary received federal awards restricted for financial aid from the Federal Perkins Loan Program. Golf Outing 241049 167037 74012 29805 44207 CPI Golf Outing 125002 96555 28447 24645 3802 0 366051 263592 102459 54450 48009 102459 0 true Student Financial Aid 242 1210553 Housing scholarships and discounts 22 22990 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. Student financial aid is awarded after an application and verification process, using FAFSA to determine financial need, and GPA and recommendations to establish merit. Competitions and other award qualifications are used to determine eligibility where applicable. Records are maintained in the Financial Aid office; scholarships and awards are applied directly to student accounts. X true true X false false false false false false false false false Rev Julius T Medenblik JD President 179514 0 0 0 396 0 17991 0 11831 0 209732 0 0 0 Schedule J, Part I, Line 1a Housing allowance or residence for personal use Pursuant to Internal Revenue Code Section 107, ministerial housing allowances are provided for qualifying ministerial employees. This is not included in taxable compensation. Rev Julius T Medenblik, JD, President and Danjuma Gibson, Professor of Pastoral Theology, Care and Counseling met the qualifications for and received a ministerial housing allowance during the tax year. Form 990, Part III, Line 4d Description of other program services (Expenses $ 60,412 including grants of $ 0)(Revenue $ 0) The Faculty Heritage Fund provides funds for research and professional development for seminary faculty. Form 990, Part VI, Line 1a Delegate broad authority to a committee The executive committee is composed of six members, all of whom are on the board of trustees. The committee holds authority to manage the corporation's affairs as granted by the board, meeting in December, May, and as needed. A majority presence is required for a quorum, and decisions made by the majority at such meetings are binding. The committee can take necessary actions between board meetings, except those that require full board approval. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body The Synod of the Christian Reformed Church in North America has the power to select and approve members of the board of trustees. They also have the power to fill vacancies that occur, including an increase in the number of trustees. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders The following decisions are reserved to the Synod of the Christian Reformed Church in North America: 1) Remove any trustee at any time with or without cause; 2) Select the President of the corporation; and, 3) Ratification of the amended or new adopted bylaws Form 990, Part VI, Line 11b Review of form 990 by governing body Form 990 is prepared by an independent CPA firm and reviewed in detail by appropriate officers and management and is sent to the board finance committees for their review before it is filed. A copy is also sent to all voting board members of the governing body before it is filed with the IRS. Form 990, Part VI, Line 12c Conflict of interest policy Board members and officers are required to complete a disclosure and compliance statement annually. Compliance is monitored and ultimately determined by the president and board of directors. Should any potential conflicts of interest be disclosed, the board member or officer would be asked to refrain from participation in any deliberation or decision with regard to matters affected by the relationship. Form 990, Part VI, Line 15a Process to establish compensation of top management official The chair of the Board of Trustees and the chair of the Development and Finance Committee annually review the compensation of the President, Chief Operating Officer, and Director of Finance, informed by peer information from the Association of Theological Schools. This process is documented in the minutes. Form 990, Part VI, Line 15b Process to establish compensation of other employees See narrative for Form 990, Part VI, Line 15a Form 990, Part VI, Line 19 Required documents available to the public The governing documents, conflict of interest policy and financial statements are available upon request. Form 990, Part XI, Line 9 Other changes in net assets or fund balances Actuarial change in post retirement benefit - 64866; Changes in the value of split-interest agreements - -25996; Christian Reformed Church in North America 1700 28th St SE Grand Rapids MI 49508 382051351 Church MI 501(c)(3) 1 NA false Calvin University 3201 Burton St SE Grand Rapids MI 49546 383071514 School MI 501(c)(3) 2 NA false CPI Foundation 3233 Burton Street SE Grand Rapids MI 49546 872883778 Supporting organization MI 501(c)(3) Type I Calvin Theological Seminary true false false true false false false false false false false true false false true true true true false false