2019-05-14T13:15:39-07:00 2018-06-30 990 2017-07-01 383071514 CALVIN COLLEGE CALV 6165266000 3201 BURTON STREET SE GRAND RAPIDS MI 49546 Sally Vander Ploeg VP - ADMINISTRATION AND FINANCE 6165267112 2019-05-14 153.106.53.98 2017 2020-01-14 16:20:31Z MICHAEL K LE ROY 3201 BURTON STREET SE GRAND RAPIDS MI 49546 205110754 0 X WWW.CALVIN.EDU X 1991 MI TO EQUIP STUDENTS TO THINK DEEPLY, TO ACT JUSTLY, AND TO LIVE WHOLEHEARTEDLY AS CHRIST'S AGENTS OF RENEWAL IN THE WORLD. CALVIN COLLEGE IS A CHRISTIAN ACADEMIC COMMUNITY DEDICATED TO RIGOROUS INTELLECTUAL INQUIRY. STUDENTS STUDY THE LIBERAL ARTS AND A BROAD RANGE OF MAJORS. A CALVIN EDUCATION PREPARES STUDENTS TO ANSWER GOD'S CALL TO LIVE AND SERVE IN GOD'S WORLD AS AGENTS OF RENEWAL. 29 29 3533 350 1771317 0 27461899 32864285 147038159 149160638 7521178 7585752 0 0 182021236 189610675 51265498 54833403 0 0 71158690 71581324 20900 41219 3180124 50398280 49546793 172843368 176002739 9177868 13607936 455851797 472086218 138837717 131689038 317014080 340397180 THE MISSION OF CALVIN COLLEGE IS TO EQUIP STUDENTS TO THINK DEEPLY, TO ACT JUSTLY, AND TO LIVE WHOLEHEARTEDLY AS CHRIST'S AGENTS OF RENEWAL IN THE WORLD. 0 0 138672518 54031382 124761922 INSTRUCTION: 899 STUDENTS GRADUATED IN 2017-2018 (4,099 STUDENTS) 21144685 0 19654679 AUXILIARY SERVICES: RESIDENTIAL HOUSING, FOOD SERVICE, CAMPUS STORE AND OTHER SERVICES 3205427 49455 1586705 RESEARCH: INSTITUTIONALLY, PRIVATELY, AND GOVERNMENT FUNDED RESEARCH PROJECTS (144 RESEARCH PROJECTS). 6053970 752566 1096949 PUBLIC SERVICE: INSTITUTIONALLY, PRIVATELY, AND GOVERNMENT FUNDED SERVICE PROJECTS (94 PUBLIC SERVICE PROJECTS) 6053970 752566 1096949 169076600 1 1 0 0 0 0 1 1 0 1 1 1 0 0 1 0 1 0 1 1 1 1 1 1 1 0 0 1 1 1 1 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 0 0 0 1 498 0 1 3533 1 1 1 1 CA GH 0 0 0 1 1 1 1 0 0 0 X 29 29 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK AZ WA X X BARBARA BOERS 6165267999 3201 BURTON STREET SE GRAND RAPIDS MI 49546 Pearl Banks Board Member 1 0 X 0 0 0 William Boer Board Member 1 0 X 0 0 0 Mary Bonnema Vice Chair 4 0 X X 0 0 0 Janice Buikema Secretary 4 0 X X 0 0 0 David Cok Board Member 1 0 X 0 0 0 Fernando DelRosario Board Member 1 0 X 0 0 0 Michael DenBleyker Board Member 1 0 X 0 0 0 Jeffrey DeNooyer Board Member 1 0 X 0 0 0 Thomas Geelhoed Board Member 1 0 X 0 0 0 Timothy Goudzwaard Board Member 1 0 X 0 0 0 Christopher Grier Board Member 1 0 X 0 0 0 Bradley Haverkamp Board Member 1 0 X 0 0 0 Allan Hoekstra Board Member 1 0 X 0 0 0 Wendy Hofman Board Member 1 0 X 0 0 0 Marjorie Hoogeboom Board Member 1 0 X 0 0 0 Lambert Kamp Board Member 1 0 X 0 0 0 Michael Koetje Board Member 1 0 X 0 0 0 Jonathan Kuyers Board Member 1 0 X 0 0 0 Bruce Los Board Member 1 0 X 0 0 0 Craig Lubben Chair 4 0 X X 0 0 0 Richard Mast Board Member 1 0 X 0 0 0 Rhonda Roorda Board Member 1 0 X 0 0 0 Scott Spoelhof Board Member 1 0 X 0 0 0 Carl Triemstra Board Member 1 0 X 0 0 0 Steven Triezenberg Board Member 1 0 X 0 0 0 Marsha Vandergaast Board Member 1 0 X 0 0 0 Ray VanderKooi Board Member 1 0 X 0 0 0 Rachel VanderVeen Board Member 1 0 X 0 0 0 Thomas Wybenga Board Member 1 0 X 0 0 0 Dr Michael Le Roy President 40 0 X 443024 0 68335 Sally Vander Ploeg Vice President of Administration & Finance 40 0 X 173370 0 28715 Dr Cheryl Brandsen Provost 40 0 X 174152 0 40565 Kenneth Erffmeyer Vice President for Advancement 40 0 X 165731 0 40758 Dr Laura Champion Director of Health Services 40 0 X 144015 0 37441 Russell Bloem Vice President for Enrollment Management 40 0 X 143450 0 33692 Dr Sarah Visser Vice President for Student Life 40 0 X 140454 0 36832 Todd Hubers Vice President of People, Strategy and Technology 40 0 X 139467 0 36058 Phillip Beezhold Director of Physical Plant 40 0 X X 119853 0 35332 1643516 0 357728 22 1 1 0 Midwest Collaborative for Library Services 6810 S Cedar St Lansing MI 48911 Library 630348 Presidio Infrastructure Solutions LLC PO Box 99613 Troy MI 48099 Software 530600 Elluican Company LP 4375 Fair Lakes Ct Fairfax VA 22033 Software 382770 Creative Dining Services One Royal Park Dr Suite 3 Zeeland MI 49464 Food Service 375335 Pageworks 2801 Oak Industrial Dr NE Grand Rapids MI 49505 Media 340101 15 0 0 86747 0 2994206 29783332 2905702 32864285 TUITION 611310 120104389 120104389 0 0 SALES AND SERVICE AUXILIARY 721000 21715062 19654679 1635142 425241 ANCILLARY SERVICES 611710 7341187 7341187 0 0 0 0 0 0 149160638 3685127 0 136175 3548952 0 0 0 0 0 0 0 0 0 0 19400704 0 15500079 0 3900625 0 3900625 0 0 3900625 0 0 189610675 147100255 1771317 7874818 394180 394180 52499982 52499982 1939241 1939241 2001243 662029 1132725 206489 49969703 47524990 878990 1565723 3773370 3576501 75768 121101 12305656 11515344 374683 415629 3531352 3270697 136585 124070 146564 146564 125842 125842 41219 41219 167647 167647 2512626 2506720 5906 538076 495700 9812 32564 4490703 4121474 71768 297461 1368761 1274408 48436 45917 13608711 13579967 16323 12421 4952870 4728915 102912 121043 1289887 1153485 44785 91617 36632 36632 6580073 6570416 4552 5105 310374 55677 254697 CONTRACTED GOODS AND SERVICES 2564969 2490403 74566 FOOD CONTRACT 8117101 8065125 45217 6759 BOOKS AND PERIODICALS 1133748 1133748 0 0 1602209 1480966 34143 87100 176002739 169076600 3746015 3180124 12659380 14445287 0 0 5274103 8478422 5532704 8534833 0 0 0 306216754 100882109 208113589 205334645 128335434 160917575 88359760 69155283 5093095 3616623 0 0 2483732 1603550 455851797 472086218 9942645 11665846 0 0 3248192 3640264 78000000 76800000 0 0 0 0 0 0 0 47646880 39582928 138837717 131689038 X 161920139 165866929 46280927 58289037 108813014 116241214 317014080 340397180 455851797 472086218 X 13607936 4572069 0 0 0 5203095 X 0 1 X 1 1 1 X X 1 12.3 0 0 0 1 0 0 0 0 0 0 X X X X X Instructional 0 151800197 8654880 11281498 2673801 3053100 15100 165994574 135689238 6845716 14755261 2516400 2960018 13600 151800197 131501813 8848495 373630 2353900 2667600 13200 135689238 126258925 5026543 5354845 2411700 2648800 78000 131501813 114190839 2719121 14292565 2367300 2492800 83500 126258925 0.17 0.7 0.13 1 0 0 6775851 6775851 0 235144810 54460344 180684466 0 0 0 0 0 64296093 46421765 17874328 0 0 0 0 205334645 0 F 0 F INVESTMENT GRADE FIXED INCOME 0 F OTHER FIXED INCOME 856764 F OTHER 552992 F HEDGE FUNDS 45767595 C SERVICES 2768480 C US EQUITY 6747663 C NON US EQUITY 10584980 C PRIVATE EQUITY 1876809 C 69155283 Postretirement health benefits 12278618 Tuition gift certificates 4365482 Annuity and trust obligations 5800107 Investment in derivative instruments 13344686 Refundable Federal Perkins Loan advances 4089592 Other Debt 115408 Unamortized debt issuance costs -410965 39582928 124751239 4572069 0 0 -53973432 -49401363 174152602 167647 15290426 15458073 189610675 121861659 0 0 0 0 0 121861659 167647 53973433 54141080 176002739 Schedule D, Part II, Line 9 NOT REPORTED BECAUSE AMOUNT IS IMMATERIAL Schedule D, Part III, Line 1 THERE ARE NO FOOTNOTES IN THE AUDITED FINANCIAL STATEMENTS WHICH SPEAK TO UNRECORDED WORKS OF ART, HISTORICAL TREASURES, OR SIMILAR ASSETS Schedule D, Part III, Line 4 THE COLLECTIONS AT CALVIN COLLEGE ARE MADE AVAILABLE TO STUDENTS, FACULTY, RESEARCHERS, AND THE GENERAL PUBLIC TO SUPPORT INSTRUCTION, RESEARCH, AND PUBLIC SERVICE. THE H. HENRY MEETER CENTER FOR CALVIN STUDIES IS A SPECIAL LIBRARY COLLECTION CONSISTING OF 6,000 SECONDARY SOURCES AND 500 16TH CENTURY EUROPEAN HISTORY AND THEOLOGY. HERITAGE HALL HAS 12,000 FEET OF MANUSCRIPT RECORDS WHICH DOCUMENTS THE HISTORY OF THE DUTCH IN NORTH AMERICA SINCE THE 1840'S. THE CENTER ART GALLERY MAINTAINS A PERMANENT COLLECTION OF NEARLY 18,000 WORKS OF ART THAT DATE FROM THE 1500'S TO THE PRESENT. MOST OF THE EARLY WORKS ARE OF EUROPEAN ORIGIN, WITH SOME NON-WESTERN REPRESENTATION FROM ASIA AND AFRICA, WHILE THE MORE RECENT WORKS ARE PRIMARILY AMERICAN, WITH AN EMPHASIS ON REGIONAL ARTISTS AND COLLEGE ALUMNI, FACULTY, AND STUDENTS. THE DICE MINERAL MUSEUM IS A WORLD CLASS COLLECTION OF RARE MINERALS COLLECTED BY A CALVIN ALUMNUS AND CONTRIBUTED TO CALVIN COLLEGE. AMONG THE 300 PEICES ARE EXAMPLES OF GOLD, FOSSILS, METEORITES, GEMSTONES, AND MINERALS USED IN THE PRODUCTION OF JEWELRY. Schedule D, Part V, Line 4 ENDOWMENT FUNDS ARE USED TO CARRY OUT THE MISSION OF THE COLLEGE. THE MAJORITY OF SPENDABLE FUNDS ARE USED FOR FINANCIAL AID. SIGNIFICANT FUNDS ARE ALSO DEDICATED TO THE INSTRUCTIONAL, RESEARCH, AND PUBLIC SERVICE EFFORTS OF THE COLLEGE. TO A LESSER DEGREE, ENDOWMENTS ARE USED TO SUPPORT ACADEMIC SCHOLARSHIP, STUDENT SERVICES, AND THE PHYSICAL PLANT. Schedule D, Part XI, Line 2d FINANCIAL AID ($53,973,432) Schedule D, Part XI, Line 4b INVESTMENT INCOME REFLECTED AS NON-OPERATING IN AUDITED FINANCIAL STATEMENT = $5,551,700 AND PRIVATE GIFTS AND GRANTS REFLECTED AS NON-OPERATING IN THE AUDITED FINANCIAL STATEMENTS = $9,738,726 Schedule D, Part XII, Line 4b FINANCIAL AID $53,973,433 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Advertisements in local newspapers announcing registration dates and College program offerings include a summary statement of the non-discrimination policy. Schedule E, Part I, Line 6 Calvin College receives grants and financial aid from various federal and state agencies which are used in the development of the College's exempt purpose of providing quality education. 1 Central America and the Caribbean 1 4 Program Services Instructional 169827 East Asia and the Pacific 1 1 Program Services Instructional 532299 Europe (including Iceland and Greenland) 0 3 Program Services Instructional 1739379 Middle East and North Africa 0 0 Program Services Instructional 53491 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Instructional 47205 South America 0 0 Program Services Instructional 592885 South Asia 0 0 Program Services Instructional 75020 Sub-Saharan Africa 0 0 Program Services Instructional 280355 Europe (including Iceland and Greenland) 0 0 Grantmaking Public Service 49455 Sub-Saharan Africa 0 0 Grantmaking Public Service 227980 Central America and the Caribbean 0 0 Program Services Institutional Academic Aid 280545 East Asia and the Pacific 0 0 Program Services Institutional Academic Aid 242700 Europe (including Iceland and Greenland) 0 0 Program Services Institutional Academic Aid 663275 South America 0 0 Program Services Institutional Academic Aid 176750 Sub-Saharan Africa 0 0 Program Services Institutional Academic Aid 168130 2 8 5299296 Europe (including Iceland and Greenland) RESEARCH 49455 WIRE TRANSFER North America (including Canada and Mexico, but not the United States) PUBLIC SERVICE 44640 CHECK Sub-Saharan Africa PUBLIC SERVICE 313746 WIRE TRANSFER 28 0 Instititutional Academic Aid Central America and the Caribbean 34 280545 Charges Against Owed Balance 0 Instititutional Academic Aid East Asia and the Pacific 29 242700 Charges Against Owed Balance 0 Instititutional Academic Aid Europe (including Iceland and Greenland) 118 663275 Charges Against Owed Balance 0 Instititutional Academic Aid Middle East and North Africa 0 0 Charges Against Owed Balance 0 Instititutional Academic Aid South America 22 176750 Charges Against Owed Balance 0 Instititutional Academic Aid Sub-Saharan Africa 17 168130 Charges Against Owed Balance 0 1 0 0 1 0 1 Schedule F, Part I, Line 2 THE METHODS USED TO MONITOR FUNDS INCORPORATE THE FOLLOWING CORE CONCEPTS: A) EXPECTATIONS ARE DOCUMENTED, B) A BUDGET IS ESTABLISHED, C) WRITTEN REPORTS ARE REQUIRED, D) THE COLLEGE BUDGET OFFICER REVIEWS REPORTS AND MONITORS THE RELATED BUDGET, E) THE COLLEGE BUDGET OFFICER CONTACTS OVERSEAS ORGANIZATIONS TO VERIFY THAT THE RECIPIENT IS ENGAGED AS PLANNED. METHOD 2: IN CASE OF STUDENT FINANCIAL AID, ACADEMIC PROGRESS IS MONITORED. X X X X X X X 1 Marts & Lundy Inc 1200 Wall Street West Lundhurst NJ 07071 Campaign Consulting 0 0 23219 -23219 Money for Ministry PO Box 35 Lowell MI 49331 Planned Giving Consulting 0 0 18000 -18000 0 41219 -41219 CT LA MI MN MS UT VA WA Calvin Athletics Golf Outing 86747 66206 20541 0 9790 1000 22503 0 2526 0 0 86747 66206 20541 0 9790 1000 22503 0 2526 35819 -15278 1 Mennonite Publishing Network c/o MennoMedia 1251 Virginia Ave Harrisonburg VA 22802 540575805 9000 WORSHIP RENEWAL PROJECT North Park Theological Seminary 3225 West Foster Ave Chicago IL 60625 361557840 5275 WORSHIP RENEWAL PROJECT Phoenix-Albuquerque District 19316 W Jefferson St Goodyear AZ 85326 530204696 6000 WORSHIP RENEWAL PROJECT Saint Mary's College 129 Le Mans Hall Notre Dame IN 46556 350868158 6650 WORSHIP RENEWAL PROJECT Wake Forest University Divinity Sch PO Box 7719 Winston Salem NC 27109 560532138 7500 WORSHIP RENEWAL PROJECT St Andrew's Church PO Box 294 0 New London NH 03257 020262375 7250 WORSHIP RENEWAL PROJECT Allen Chapel AME Church 2233 Main St 0 Hartford CT 06120 061500008 6000 WORSHIP RENEWAL PROJECT St John's Episcopal Church 1003 W Town St 0 Columbus OH 43222 061779897 7250 WORSHIP RENEWAL PROJECT Mount Aery Baptist Church 73 Frank St 0 Bridgeport CT 06604 066049640 6000 WORSHIP RENEWAL PROJECT Bridge St African Wesleyan Methodist Episcopal Church 277 Stuyvesant Ave 0 Brooklyn NY 11221 111797164 7375 WORSHIP RENEWAL PROJECT All Angels Church 251 W 80th St 0 New York NY 10024 131656621 6313 WORSHIP RENEWAL PROJECT Roberts Wesleyan College 2301 Westside Dr 0 Rochester NY 14624 160743126 7500 WORSHIP RENEWAL PROJECT Grace Point Church 3762 W Ann Rd 0 North Las Vegas NV 89031 203580697 7375 WORSHIP RENEWAL PROJECT Asbury United Methodist 2220 Woodlynne Ave 0 Woodlynne NJ 08107 223224805 7500 WORSHIP RENEWAL PROJECT National Association of the Church of God PO Box 357 0 West Middlesex PA 16159 251286110 9000 WORSHIP RENEWAL PROJECT DurhamCares Inc 112B Broadway St 0 Durham NC 27701 262689130 9000 WORSHIP RENEWAL PROJECT St Paul's Episcopal Church 321 E Market St 0 Jeffersonville IN 47130 311629166 5298 WORSHIP RENEWAL PROJECT First Christian Church 327 Capitol Ave 0 Jefferson City MO 65101 350868116 7500 WORSHIP RENEWAL PROJECT Indiana Wesleyan University 4201 S Washington St 0 Marion IN 46953 350885591 7500 WORSHIP RENEWAL PROJECT Grace and Peace Community Church 2100 N Kildare 0 Chicago IL 60639 363369977 7500 WORSHIP RENEWAL PROJECT Southeastern Iowa Synod ELCA PO Box 3167 0 Iowa City IA 52244 363514254 7500 WORSHIP RENEWAL PROJECT Alliance for Greater Works 2080 N Hwy 360 100 0 Grand Prairie TX 75050 364489504 9000 WORSHIP RENEWAL PROJECT Pillar Christian Reformed Church 36 E 9th St 0 Holland MI 49423 381437928 6775 WORSHIP RENEWAL PROJECT Cornerstone University 1001 E Beltline Ave NE 0 Grand Rapids MI 49525 381443369 9000 WORSHIP RENEWAL PROJECT First Presbyterian Church of Holt 2021 N Aurelius Rd 0 Holt MI 48842 381840808 7500 WORSHIP RENEWAL PROJECT Sunnyside United Methodist Church 2800 Gull Rd 0 Kalamazoo MI 49048 382263272 9000 WORSHIP RENEWAL PROJECT Liberty and Truth Minitries Inc 6119 W Fond du Lac Ave 0 Milwaukee WI 53218 391974174 7500 WORSHIP RENEWAL PROJECT University of Dubuque 2000 University Ave 0 Dubuque IA 52001 420680323 7500 WORSHIP RENEWAL PROJECT Holy Cross Lutheran Church 2650 Miami St 0 St Louis MO 63118 430653326 7500 WORSHIP RENEWAL PROJECT Concordia Seminary 801 Seminary Place 0 Saint Louis MO 63105 430655869 9000 WORSHIP RENEWAL PROJECT Saint John's University PO Box 2000 0 Collegeville MN 56321 453656162 7500 WORSHIP RENEWAL PROJECT Freedom Outreach International Ministry to the Military PO Box 5438 0 Cleveland TN 37320 453996962 7850 WORSHIP RENEWAL PROJECT Rebirth Healing and Deliverance Ministries 41 Charron St 0 Bridgeport CT 06606 455640560 5500 WORSHIP RENEWAL PROJECT Cathedral in the Night Ministry 867 North Pleasant St 0 Amherst MA 01002 461428682 8650 WORSHIP RENEWAL PROJECT Seabury Resources for Aging 6031 Kansas Ave NW 0 Washington DC 20011 530204693 6750 WORSHIP RENEWAL PROJECT Grace Baptist Church 4200 Dover Rd 0 Richmond VA 23221 540557502 7500 WORSHIP RENEWAL PROJECT New Mount Zion Baptist Church PO Box 964 0 Roxboro NC 27573 561391708 7500 WORSHIP RENEWAL PROJECT Allen University 1530 Harden St 0 Columbia SC 29204 570341191 7500 WORSHIP RENEWAL PROJECT The Outreach Foundation 381 Riverside Dr Ste 110 0 Franklin TN 37064 581375506 8875 WORSHIP RENEWAL PROJECT St Paul United Methodist Church 1800 Louisville Rd 0 Frankfort KY 40601 611002568 5750 WORSHIP RENEWAL PROJECT Jeff St Baptist Community At Liberty 800 E Liberty St 0 Louisville KY 40204 611206312 7500 WORSHIP RENEWAL PROJECT Peletah Ministries PO Box 14253 0 New Bern NC 28561 611662965 7500 WORSHIP RENEWAL PROJECT Belmont University 1900 Belmont Blvd 0 Nashville TN 37212 620465076 8500 WORSHIP RENEWAL PROJECT Christ United Methodist 4488 Poplar Ave 0 Memphis TN 38117 620560799 5975 WORSHIP RENEWAL PROJECT Community Congregational United Church 3481 South Ct St 0 Montgomery AL 36105 631172762 6927 WORSHIP RENEWAL PROJECT City Chapel 556 Lafayette Ave Se 0 Grand Rapids MI 49503 822207773 7500 WORSHIP RENEWAL PROJECT New Life Christian Reformed Church 1350 N 7th St 0 Grand Junction CO 81501 841425583 7500 WORSHIP RENEWAL PROJECT Red Mountain Community Church 6101 E Virginia St 0 Mesa AZ 85215 860650019 7250 WORSHIP RENEWAL PROJECT Rainier Beach Presbyterian Church 9656 Waters Ave South 0 Seattle WA 98118 910723030 7295 WORSHIP RENEWAL PROJECT St Philothea Greek Orthodox Church 3761 Mars Hill Rd 0 Watkinsville GA 30677 912188052 7450 WORSHIP RENEWAL PROJECT Holden Village HC 0 Box 2 0 Chelan WA 98816 916018658 9000 WORSHIP RENEWAL PROJECT First Presbyterian Church McMinnville 390 NE 2nd St 0 McMinnville OR 97128 930391571 6348 WORSHIP RENEWAL PROJECT St Monica Catholic Community 725 California Ave 0 Santa Monica CA 90403 951642385 9000 WORSHIP RENEWAL PROJECT 53 0 Institutional Academic Aid 3591 52700834 0 Financial Aid made available to students as assistance to pursue academic studies Schedule I, Part I, Line 2 THE METHOD USED TO MONITOR FUNDS INCORPORATE THE FOLLOWING CORE CONCEPTS: A) EXPECTATIONS ARE DOCUMENTED, B) A BUDGET IS ESTABLISHED, C) WRITTEN REPORTS ARE REQUIRED, D) THE COLLEGE BUDGET OFFICER REVIEWS REPORTS AND MONITORS THE RELATED BUDGET, E) THE COLLEGE BUDGET OFFICER CONTACTS OVERSEAS ORGANIZATIONS TO VERIFY THAT THE RECIPIENT IS ENGAGED AS PLANNED. METHOD 2: IN CASE OF STUDENT FINANCIAL AID, ACADEMIC PROGRESS IS MONITORED. X X 1 1 X X X X X 1 1 0 0 0 0 0 0 0 Dr Michael Le Roy President 344217 0 0 0 98807 0 27000 0 41335 0 511359 0 0 0 Sally Vander Ploeg Vice President of Administration & Finance 173112 0 0 0 258 0 17777 0 10938 0 202085 0 0 0 Dr Cheryl Brandsen Provost 173756 0 0 0 396 0 18233 0 22331 0 214716 0 0 0 Kenneth Erffmeyer Vice President for Advancement 165593 0 0 0 138 0 16667 0 24091 0 206489 0 0 0 Dr Laura Champion Director of Health Services 143877 0 0 0 138 0 14908 0 22533 0 181456 0 0 0 Russell Bloem Vice President for Enrollment Management 143450 0 0 0 0 0 14800 0 18892 0 177142 0 0 0 Dr Sarah Visser Vice President for Student Life 140400 0 0 0 54 0 14747 0 22085 0 177286 0 0 0 Todd Hubers Vice President of People, Strategy and Technology 139329 0 0 0 138 0 14694 0 21364 0 175525 0 0 0 Phillip Beezhold Director of Physical Plant 119853 0 0 0 0 0 9025 0 26307 0 155185 0 0 0 Schedule J, Part I, Line 1a Additional benefits were provided according to the terms of an employment contract. Calvin College employs ministers whose work with the College is in line with their ministerial duties, therefore, they set aside an amount for the ministerial housing allowance. Schedule J, Part I, Line 4 Dr. Michael K LeRoy 457(b) plan $18,000 Dr. Michael K Leroy 457(f) plan $8,233 Phil Beezhold severance A MICHIGAN FINANCE AUTHORITY 800596186 000000000 2016-07-14 78000000 SEE PART VI 0 0 0 A 0 0 78000000 0 0 0 0 0 0 0 78000000 0 1 0 1 1 A 0 0 1 0 0 0 0 0 0 0 0 A 0 1 1 1 1 0 0 0 0 A 1 Schedule K, Part I, Column f-07/14/2016 78,000,000 MICHIGAN FINANCE AUTHORITY The bonds issued on July 14, 2016 (the "2016 Bonds") were issued to currently refund (a) the outstanding principal amount of the Michigan Finance Authority ("MFA") Higher Education Facilities Multi-Modal Limited Obligation Revenue Refunding Bonds (Calvin College Project), Series 2012A, dated June 18, 2012 (the "2012A Bonds") and (b) the outstanding principal amount of the MFA Higher Education Facilities Multi-Modal Limited Obligation Revenue Refunding Bonds (Calvin College Project), Series 2012B, dated June 18, 2012 (the "2012B Bonds"). The 2012A Bonds were issued to currently refund the outstanding principal amount of the Michigan Higher Education Facilities Authority ("MHEFA") Variable Rate Demand Limited Obligation Revenue Refunding Bonds (Calvin College Project), Series 2007A, dated September 6, 2007 (the "2007A Bonds"), and the 2012B Bonds were issued to currently refund the outstanding principal amount of the MHEFA Variable Rate Demand Limited Obligation Revenue Bonds (Calvin College Project), Series 2007B, dated September 6, 2007 (the "2007B Bonds"). The 2007A Bonds were issued to advance refund (i) the MHEFA Limited Obligation Revenue Bonds (Calvin College Project), Series 2000, dated December 20, 2000 (the "2000 Bonds") and (ii) the MHEFA Limited Obligation Revenue Bonds (Calvin College Project), Series 1998, dated March 24, 1998 (the "1998 Bonds"). The 2007B Bonds were issued to finance or reimburse a portion of the costs of the acquisition, construction, installation, renovation, repair, furnishing and equipping of educational facilities located on Calvin College's campus at 3201 Burton Street, S.E., Grand Rapids, Michigan (the "Campus"). The 2000 Bonds were issued to finance the acquisition, construction, installation, renovation, repair, furnishing and equipping of educational facilities located on the Campus. The 1998 Bonds were issued to finance the acquisition, construction, installation, renovation, repair, furnishing and equipping of educational facilities located on the Campus. Schedule K, Part III, Line 1-07/14/2016 78,000,000 MICHIGAN FINANCE AUTHORITY Part III.A is completed for the portion of the 2016 Bonds allocated to refund the 2012B Bonds which refunded the 2007B Bonds (i.e. bonds issued on or after January 1, 2003). Part III is not completed for the portion of the 2016 Bonds allocated to refund the Series 2012A Bonds which refunded the Series 2007A Bonds which refunded the 2000 Bonds and the 1998 Bonds (i.e. bonds issued prior to January 1, 2003). Schedule K, Part III, Line 3a-07/14/2016 78,000,000 MICHIGAN FINANCE AUTHORITY There is a food service contract that qualifies for a safe harbor under Rev. Proc. 97-13. Schedule K, Part IV, Line 2c-07/14/2016 78,000,000 MICHIGAN FINANCE AUTHORITY The rebate calculation is not required at this time. It is expected that the Series 2016 Bonds will qualify for a rebate exception. Dr Michael Le Roy President Payroll advance X 13922 1160 0 1 1 Sally Vander Ploeg Vice President of Administration & Finance Payroll advance X 7651 638 0 1 1 Todd Hubers Vice President of People, Strategy and Technology Payroll advance X 5875 490 0 1 1 Sarah Visser Vice President for Student Life Payroll Advance X 5949 496 0 1 1 2784 X 94 2891337 Fair Market Value X 1 0 0 X Supplies and giveaways 8 8076 Cost X Donated Tuition Gift Certificates 2 6289 Fair Market Value 1 0 1 0 Schedule M, Part I, Line 33 The College does not capitalize collections, including artwork and collectibles as elected under SFAS 116 and therefore, no revenue is reported in column (c) of line 18. Part I, Column (b) lists the number of contributions. The College uses a third party to sell stock gifts. Form 990, Part VI, Section B, Line 11b A COPY OF THE IRS FORM 990 AND RELATED ATTACHMENTS ARE PROVIDED TO EACH MEMBER OF THE AUDIT COMMITTEE FOR REVIEW, COMMENT, AND REVISION PRIOR TO ELECTRONIC FILING. THE REVIEW IS APPROVED BY THE AUDIT COMMITTEE MEETING WHICH IS THEN REPORTED TO THE FULL BOARD. Form 990, Part VI, Section B, Line 12c ANNUALLY, ALL BOARD MEMBERS AND ALL AD HOC INVESTMENT COMMITTEE MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT AND DISCLOSE ANY CONFLICTS OF INTEREST. THESE ARE SUBMITTED TO THE PRESIDENT'S OFFICE AND A SUMMARY OF IDENTIFIED CONFLICTS IS PRESENTED TO THE AUDIT COMMITTEE ANNUALLY IN ITS FEBRUARY MEETING FOR THEIR REVIEW. Form 990, Part VI, Section B, Line 15 THE BOARD OF TRUSTEES ANNUALLY APPOINTS A COMMITTEE TO REVIEW THE PRESIDENT'S SALARY BY COMPARISON TO A SET OF THIRTY PEER INSTITUTIONS. THIS COMMITTEE THEN MAKES A RECOMMENDATION TO THE EXECUTIVE COMMITTEE OF THE BOARD FOR IMPLEMENTATION. THE OTHER OFFICERS' SALARIES ARE REVIEWED WITH THE PRESIDENT IN LIGHT OF BENCHMARKED SALARIES FROM THE SAME SET OF THIRTY PEER INSTITUTIONS. SALARY CHANGES ARE MADE IN RESPONSE TO THOSE BENCHMARKS OF COMPENSATION FOR COMPARABLE POSITIONS AT PEER INSTITUTIONS. BENCHMARKED SALARY INFORMATION IS GATHERED FROM THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES (CUPA-HR) ON-DEMAND SERVICE SURVEY Form 990, Part VI, Section C, Line 19 CALVIN COLLEGE AUDITED FINANCIAL STATEMENTS AND FORM 990 ARE POSTED ON THE COLLEGE'S WEBSITE. OTHER GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. Form 990, Part XI, Line 9 CHANGES IN THE VALUE OF SPLIT INTEREST AGREEMENTS = $26,622, ADJUSTMENT TO PRIOR SERVICE COST AND ACTUARIAL LIABILITY FOR RETIREE HEALTH PLAN = ($87,419), AND CHANGES IN THE VALUE OF INTEREST RATE SWAP AGREEMENTS = $5,263,891. CALVIN COLLEGE REHABILITATION SERVICES 1310 EAST BELTLINE AVE SE GRAND RAPIDS MI 49506 474318183 MEDICAL SERVICES TO THE PUBLIC MI 501 (C) 3 LINE 9 CALVIN COLLEGE 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 CALVIN COLLEGE REHABILITATION SERVICES b 100000 FAIR MARKET VALUE CALVIN COLLEGE REHABILITATION SERVICES o 406403 FAIR MARKET VALUE Form 8868 was approved on November 12, 2018