2021-01-06T13:35:29-07:00 2020-06-30 990 2019-07-01 383001876 CALVIN THEOLOGICAL SEMINARY CALV 6169578619 3233 Burton St SE Grand Rapids MI 495464387 Chris Dinh Controller 6169576019 2021-01-06 2019 2022-09-23 18:48:47Z Dr Julius Medenblik 3233 Burton St SE Grand Rapids MI 49546 40501468 0 X www.CalvinSeminary.edu X 1876 MI 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. 17 17 159 25 0 1000 9545757 10656726 3364863 3267595 2027639 46399 151041 159316 15089300 14130036 1956535 1891796 0 0 5218586 5126947 11144 12141 624536 4084591 4072878 11270856 11103762 3818444 3026274 66376477 69466519 2046771 2548081 64329706 66918438 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 0 0 8243596 2435766 The Seminary's primary purpose is the education and training of over 300 students to prepare them for ministry and leadership in the church. 128548 0 The Faculty Heritage Fund provides funds for research and professional development for Seminary faculty. 38301 0 The Calvin Theological Journal and CTS Forum provide opportunities for students and faculty 0 0 0 8410445 1 1 0 0 0 0 0 0 0 1 1 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 118 0 1 159 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 1 0 1 1 0 MI X X Chris Dinh 6169578619 3233 Burton St SE Grand Rapids MI 495464387 Rev Julius T Medenblik JD President 40 0 X X 161953 0 0 Mr Keith Oosthoek Board Vice Chairman 4 0 X X 0 0 0 Rev Daniel Brown Board Member 2 0 X 0 0 0 Mr Victor Chen Board Member 2 0 X 0 0 0 Mr Frank Zee Board Member 2 0 X 0 0 0 Ms Susan Strikwerda Board Member 2 0 X 0 0 0 Theresa Rottschafer Board Member 2 0 X 0 0 0 Rev Allen Kleine Deters Board Member 2 0 X 0 0 0 Rev Sergio Castillo Board Member 2 0 X 0 0 0 Rev Scott Elgersma Board Member 2 0 X 0 0 0 David Morren Board Member 2 0 X 0 0 0 Rev Marc Neleson Board Member 2 0 X 0 0 0 Rev Robert Drenten Board Member 2 0 X 0 0 0 Paul Boersma Board Member 2 0 X 0 0 0 Charles Veenstra Board Member 2 0 X 0 0 0 Ms Heather Garretson Board Secretary 3 0 X 0 0 0 Mr Henry Lane Board Member 2 0 X 0 0 0 Rev Curtis Walters Board Chairman 5 0 X X 0 0 0 161953 0 0 1 0 1 0 0 0 0 0 2143152 564455 7949119 0 10656726 Tuition and fees 813110 2428629 2428629 0 0 Sales and services 813110 838966 838966 0 0 0 0 0 0 3267595 192863 192863 0 0 0 0 0 0 0 0 0 0 0 0 26224968 0 26371432 0 -146464 0 -146464 -146464 0 0 0 159316 159316 0 0 159316 14130036 3473310 0 0 640562 640562 1251234 1251234 0 0 0 0 224567 76353 74107 74107 0 0 0 0 3695160 2797421 712895 184844 302238 0 302238 0 758132 590451 89682 77999 146850 0 146850 0 236461 196528 39933 0 0 0 0 0 45685 0 45685 0 0 0 0 0 12141 12141 0 0 0 0 0 0 0 0 200445 88812 6475 105158 438066 259041 88769 90256 0 0 0 0 0 0 0 0 1098922 806293 287629 5000 298917 173121 75473 50323 0 0 0 0 223948 203679 18138 2131 0 0 0 0 0 0 0 0 435255 326441 87051 21763 0 0 0 0 1095179 1000509 93856 814 11103762 8410445 2068781 624536 1576199 3237207 100000 50000 42308 182857 1468755 1328314 224274 199881 18639576 8787827 9892428 9851749 122264 127035 52813706 54429170 136543 60306 66376477 69466519 1602317 1709137 201691 216394 384969 242763 237581 2046771 2548081 X 20953023 20807402 43376683 46111036 64329706 66918438 66376477 69466519 X 3026274 -282408 0 0 0 -155134 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 45399923 2716061 -364550 1618600 0 0 46132834 41353003 1797183 3666090 1416353 0 0 45399923 39791016 1440622 2320319 1589748 0 0 41962209 35486001 1438314 4271314 1404613 0 0 39791016 35285370 2269239 -700758 1367850 0 0 35486001 0.19 0.6 0.21 0 0 0 245000 245000 0 14417177 5232988 9184189 0 0 0 0 0 3977399 3554839 422560 0 0 0 0 9851749 Cash 3215 F Fixed income securities 7793414 F Real estate 1050000 F Pooled funds 42149348 F Private equity funds 3433193 F 54429170 Perkins Loan advances 109419 Annuity contracts 128162 237581 12596395 -282407 0 0 0 -282407 12878802 0 1251234 1251234 14130036 9852529 0 0 0 0 0 9852529 0 1251233 1251233 11103762 Schedule D, Part V, Line 4 Our endowment funds faculty positions, student financial aid, and other institutional support Schedule D, Part XI, Line 4b Tuition and auxilliary revenue are reported net of student financial aid on the audited financial statements Schedule D, Part XII, Line 2d Actuarial adjustment to retiree health care liability Schedule D, Part XII, Line 4b Financial aid expense is netted against tuition and auxiliary revenue in audited financial statements 1 Calvin University 3201 Burton SE Grand Rapids MI 49546 383071514 640562 1 0 Student financial aid 280 1251234 Schedule I, Part I, Line 2 Student financial aid is awarded after an application and verification process, using FAFSA for establishing financial need, 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 1 1 X 0 0 0 0 0 0 0 0 0 Rev Julius T Medenblik JD President 172430 0 0 0 0 0 0 0 43888 0 216318 0 0 0 Schedule J, Part I, Line 1a The Seminary provides on-campus housing for the President Form 990, Part VI, Section A, Line 7b The Seminary is an agency of the parent organization, the Christian Reformed Church in North America. Any decisions by the CTS board must be ratified by the board of the CRCNA. Form 990, Part VI, Section B, Line 11b The completed 990 is distributed to and reviewed by senior management and board officers prior to filing. Copies are available to anyone on request. Form 990, Part VI, Section B, Line 12c Trustees annually complete a Conflict of Interest disclosure form. Trustees should not ordinarily be involved in business relationships with the school or be compensated other than for expenses incurred in serving on the board. If such conflict arises, a trustee is expected to recuse him/herself from board discussion on such matters. Form 990, Part VI, Section B, Line 15 The chair of the Board of Trustees and the chair of the Development and Finance Committee annually review the compensation of the President and the Chief Operating Officer, informed by peer data from the Association of Theological Schools. Form 990, Part VI, Section C, Line 19 Information is available to anyone on request. A copy of the 990 is available at Guidestar.org. Form 990, Part XI, Line 9 Actuarial adjustment for retiree health care benefit liability Christian Reformed Church in North America 1700 28th St SE Grand Rapids MI 49508 382051351 Church MI Section 501(c)(3) Section 170(b)(1)(A) N/A 0 Calvin College 3201 Burton St SE Grand Rapids MI 49546 383071514 School MI 501(c)(3) 170(b)(1)(A) N/A 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 Our audit is never finalized before the due date. As a result, we always file for the six-month extension. However, this year, due to staff changes and the challenges related to operating during the pandemic, we failed to file for the extension on time. We apologize for missing the deadline; we ask that the Service will waive any fees related to the late filing.