2018-05-15T14:49:38-07:00 2017-06-30 990 2016-07-01 383071514 CALVIN COLLEGE CALV 6165266000 3201 BURTON STREET SE GRAND RAPIDS MI 49546 Sally Vander Ploeg VP - ADMINISTRATION AND FINANCE 6165267112 2018-02-28 2016 2022-09-23 18:48:47Z MICHAEL K LE ROY 3201 BURTON STREET SE GRAND RAPIDS MI 49546 189757917 0 X WWW.CALVIN.EDU X 1991 MI THE COLLEGE'S MISSION IS 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. 31 31 3596 350 1690175 63550 25854459 27461899 146590580 147038159 4069032 7521178 0 0 176514071 182021236 48032520 51265498 0 0 70893620 71158690 119601 20900 3044732 50658219 50398280 169703960 172843368 6810111 9177868 466838360 455851797 177972639 138837717 288865721 317014080 X 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 131219879 50685061 123905314 INSTRUCTION: 950 STUDENTS GRADUATED IN 2016-2017 (4,449 STUDENTS) 25387544 0 21702817 AUXILIARY SERVICES: RESIDENTIAL HOUSING, FOOD SERVICE, CAMPUS STORE AND OTHER SERVICES 2945977 22137 352691 RESEARCH: INSTITUTIONALLY, PRIVATELY, AND GOVERNMENT FUNDED RESEARCH PROJECTS (168 RESEARCH PROJECTS). 6517830 558300 1077337 PUBLIC SERVICE: INSTITUTIONALLY, PRIVATELY, AND GOVERNMENT FUNDED SERVICE PROJECTS (97 PUBLIC SERVICE PROJECTS) 6517830 558300 1077337 166071230 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 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 9977 0 1 3596 1 1 1 1 CA GH 0 0 0 1 1 1 1 0 0 0 X 31 31 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK AZ WA X BARBARA BOERS 6165267999 3201 BURTON STREET SE GRAND RAPIDS MI 49546 Rev Peter Aviles Board Member 1 0 X 0 0 0 Ms Pearl Banks Board Member 1 0 X 0 0 0 Mr William Boer Board Member 1 0 X 0 0 0 Mrs Mary Bonnema Vice Chair 4.00 0 X X 0 0 0 Mr R Scott Boot Board Member 1 0 X 0 0 0 Dr Philip Brondsema Board Members 1 0 X 0 0 0 Mrs Janice Buikema Board Member 1 0 X 0 0 0 Dr David Cok Board Member 1 0 X 0 0 0 Mr Fernando DelRosario Board Member 1 0 X 0 0 0 Mr Michael DenBleyker Board Member 1 0 X 0 0 0 Mr Jeffrey DeNooyer Board Member 1 0 X 0 0 0 Mr Thomas Geelhoed Board Member 1 0 X 0 0 0 Mr Christopher Grier Board Member 1 0 X 0 0 0 Mr Bradley Haverkamp Board Member 1 0 X 0 0 0 Mr Allan Hoekstra Board Member 1 0 X 0 0 0 Mrs Wendy Hofman Board Member 1 0 X 0 0 0 Mrs Marjorie Hoogeboom Board Member 1 0 X 0 0 0 Mr Jonathan Kuyers Board Member 1 0 X 0 0 0 Mr Bruce Los Board Member 1 0 X 0 0 0 Mr Craig Lubben Chair 4.00 0 X X 0 0 0 Ms Christine Metzger Secretary 4 0 X X 0 0 0 Mr Thomas Nobel Board Member 1 0 X 0 0 0 Dr Steven Triezenberg Board Member 1 0 X 0 0 0 Mrs Marsha Vandergaast Board Member 1 0 X 0 0 0 Mr Ray VanderKooi Board Member 1 0 X 0 0 0 Mrs Rachel VanderVeen Board Member 1 0 X 0 0 0 Dr Jack Veltkamp Board Member 1 0 X 0 0 0 Mrs Paula Wigboldy Board Member 1 0 X 0 0 0 Dr Albert Wolters Board Member 1 0 X 0 0 0 Mr Thomas Wybenga Board Member 1 0 X 0 0 0 Mrs Pan Zhang Board Member 1 0 X 0 0 0 Mr Michael Koetje Part-Year - Board Member 1 0 X 0 0 0 Mr David Schutt Part-Year - Vice Chair 1 0 X X 0 0 0 Mr Wytse Van Dijk Part-Year - Board Member 1 0 X X 0 0 0 Mrs Andrea Van Kooten Part-Year - Board Member 1 0 X X 0 0 0 Dr Michael Le Roy President 40 0 X 384636 0 73999 Mrs Sally Vander Ploeg Vice President of Administration & Finance 40 0 X 167232 0 30027 Dr Cheryl Brandsen Provost 40 0 X 168221 0 39550 Mr Kenneth Erffmeyer Vice President for Advancement 40 0 X 153400 0 41243 Mr Todd Hubers Vice President of People, Strategy and Technology 40 0 X 138130 0 35448 Mr Russell Bloem Vice President for Enrollment Management 40 0 X 137255 0 35403 Mr Brian Paige Associate Vice President of IT & CIO 40 0 X 122929 0 37241 Dr Sarah Visser Vice President for Student Life 40 0 X 136560 0 36647 Ms Barbara Boers Director of Finance 40 0 X 115801 0 21084 1524164 0 350642 18 1 1 0 Midwest Collaborative for Library Services 6810 S Cedar St Lansing MI 48911 Library 719819 Pageworks 2801 Oak Industrial Dr NE Grand Rapids MI 49505 Media 500878 Elluican Company LP 4375 Fair Lakes Ct Fairfax VA 22033 Software 377964 Creative Dining Services One Royal Park Dr Suite 3 Zeeland MI 49464 Food Service 351461 Presidio Infrastructure Solutions LLC PO Box 99613 Troy MI 48099 Software 336540 38 0 0 82100 0 3066601 24313198 917411 27461899 TUITION 611310 118918950 118918950 0 0 SALES AND SERVICE AUXILIARY 721000 21702817 19242941 1614378 845498 ANCILLARY SERVICES 611710 6416392 6416392 0 0 0 0 0 0 147038159 3579431 0 75797 3503634 0 0 0 0 0 0 0 0 0 0 11678428 0 7736681 0 3941747 0 3941747 0 0 3941747 82100 0 182021236 144578283 1690175 8290879 284595 284595 49608173 49608173 1372730 1372730 0 0 1874806 547392 1132771 194643 0 0 0 0 50768794 48258142 1011585 1499067 4130483 3929768 77914 122801 10548999 9910904 316206 321889 3835608 3560781 150820 124007 0 0 0 0 178847 0 178847 0 138441 0 138441 0 0 0 0 0 20900 20900 127182 0 127182 0 1970606 1874739 675 95192 698421 418297 11741 268383 4564554 4462831 98955 2768 1371057 1276671 51060 43326 0 0 0 0 13148478 12913353 59836 175289 5090609 4781452 215484 93673 0 0 0 0 1524154 1471079 46023 7052 45743 45743 0 0 0 0 0 0 6643617 6608516 16546 18555 279944 57977 221967 0 CONTRACTED GOODS AND SERVICES 2651605 2631619 19986 0 FOOD CONTRACT 8495004 8374369 41309 79326 BOOKS AND PERIODICALS 806382 806382 0 0 2663636 2875717 -189942 -22139 172843368 166071230 3727406 3044732 36780781 12659380 0 0 9007397 5274103 5302721 5532704 0 0 0 303272584 95158995 209791544 208113589 84025767 128335434 113061586 88359760 6381013 5093095 0 0 2487551 2483732 466838360 455851797 10479563 9942645 0 0 3240267 3248192 89000000 78000000 0 0 0 0 0 0 18215448 191797 57037361 47455083 177972639 138837717 X 148185957 161920139 37336220 46280927 103343544 108813014 288865721 317014080 466838360 455851797 X 9177868 8744725 0 0 0 10225766 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 123 0 0 0 1 0 0 0 0 0 0 X X X X X INSTRUCTIONAL 0 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 107782267 1156238 10560984 2457750 2762400 88500 114190839 0.15 0.72 0.13 1 0 0 6805310 6805310 0 233953401 51281578 182671823 0 0 0 0 0 62513873 43877417 18636456 0 0 0 0 208113589 0 0 INVESTMENT GRADE FIXED INCOME 16627450 F OTHER FIXED INCOME 1598925 F OTHER 507788 F HEDGE FUNDS 52353590 C SERVICES 2768480 C US EQUITY 5270274 C NON US EQUITY 8731141 C PRIVATE EQUITY 502112 C 88359760 Postretirement health benefits 12554974 Tuition gift certificates 4363904 Annuity and trust obligations 5819902 Investment in derivative instruments 18608577 Refundable Federal Perkins Loan advances 6107726 47455083 124481109 8744725 0 0 -50541318 -41796593 166277702 127182 15616352 15743534 182021236 122174868 0 0 0 0 0 122174868 127182 50541318 50668500 172843368 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 = ($50,541,318) Schedule D, Part XI, Line 4b NON-OPERATING INVESTMENT INCOME = $9,283,980 AND NON-OPERATING PRIVATE GIFTS AND GRANTS = $6,332,372. TOTAL IS $15,616,352. Schedule D, Part XII, Line 4b FINANCIAL AID = $50,541,318 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 PROGRAM CALVIN COLLEGE OFFERINGS INCLUDE A SUMMARY STATEMENT OF THE NON-DISCRIMINATION POLICY. Schedule E, Part I, Line 6 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 315012 East Asia and the Pacific 1 1 Program Services Instructional 227796 Europe (including Iceland and Greenland) 0 4 Program Services Instructional 1674439 Middle East and North Africa 0 0 Program Services Instructional 28116 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Instructional 21335 South America 1 1 Program Services Instructional 370658 South Asia 0 0 Program Services Instructional 20846 Sub-Saharan Africa 1 2 Program Services Instructional 308732 North America (including Canada and Mexico, but not the United States) 0 0 Investments 105121 4 12 3072055 Central America and the Caribbean PUBLIC SERVICE 21635 CHECK 0 Europe (including Iceland and Greenland) RESEARCH 22137 WIRE TRANSFER 0 Sub-Saharan Africa PUBLIC SERVICE 311107 WIRE TRANSFER 0 25 0 INSTITUTIONAL ACADEMIC AID Central America and the Caribbean 39 292465 CHARGES AGAINST OWED BALANCE 0 INSTITUTIONAL ACADEMIC AID East Asia and the Pacific 7 38950 CHARGES AGAINST OWED BALANCE 0 INSTITUTIONAL ACADEMIC AID Europe (including Iceland and Greenland) 108 435211 CHARGES AGAINST OWED BALANCE 0 INSTITUTIONAL ACADEMIC AID Middle East and North Africa 1 5250 CHARGES AGAINST OWED BALANCE 0 INSTITUTIONAL ACADEMIC AID South America 16 125925 CHARGES AGAINST OWED BALANCE 0 INSTITUTIONAL ACADEMIC AID Sub-Saharan Africa 16 120050 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 Lyndhurst NJ 07071 Campaign Feasibility Study 0 0 20900 -20900 0 20900 -20900 CT LA MI MN MS UT VA WA Calvin College Athletics Golf Outing 82100 60050 22050 0 11151 0 20908 2864 2108 0 0 82100 60050 22050 0 11151 0 20908 2864 2108 37031 -14981 1 CATHEDRAL IN THE NIGHT MINISTRY 867 North Pleasant St Amherst MA 01002 461428682 501(C)(3) 7500 0 WORSHIP RENEWAL PROJECT CENTRAL CHRISTIAN COLLEGE OF KANSAS 1200 S Main Street McPherson KS 67460 480577656 501(c)(3) 6144 WORSHIP RENEWAL PROJECT Central Presbyterian Church 201 Washington Street NW Atlanta GA 30303 580566154 501(c)(3) 7075 WORSHIP RENEWAL PROJECT Central Woodward Christian Church 3955 W Big Beaver Road Troy MI 48084 381420305 501(c)(3) 5235 WORSHIP RENEWAL PROJECT Diocese of St Cloud 305 7th Ave North St Cloud MN 56303 410693981 501(c)(3) 7500 WORSHIP RENEWAL PROJECT Holy Trinity Church of Chicago 53 W Jackson Blvd Suite 305 Chicago IL 60604 364215956 501(c)(3) 7500 WORSHIP RENEWAL PROJECT Michigan Conference United Church of Christ 5945 Park Lake Road East Lansing MI 48823 382488979 501(c)(3) 6000 WORSHIP RENEWAL PROJECT Logan Square Ecumenical St Luk's Lutheran Church of Logan Square 2837 W Armitage Ave Chicago IL 60647 362412450 501(c)(3) 6125 WORSHIP RENEWAL PROJECT Mustard Seed School 422 Willow Ave Hoboken NJ 07030 222267469 501(c)(3) 6223 WORSHIP RENEWAL PROJECT New Mount Zion Baptist Church PO Box 964 Roxboro NC 27573 561391708 501(c)(3) 7500 WORSHIP RENEWAL PROJECT Rainbow Mennonite Church 1444 Southwest Blvd Kansas City KS 66103 450564355 501(c)(3) 7500 WORSHIP RENEWAL PROJECT Safe Haven United Church 601 Onderdunk Ave Ridgewood NY 11385 110391318 501(c)(3) 7500 WORSHIP RENEWAL PROJECT South Congregational Church 565 Main Street Centerville MA 02632 042491755 501(c)(3) 7050 WORSHIP RENEWAL PROJECT St Monica Catholic Community 701 California Ave Santa Monica CA 90403 951642385 501(c)(3) 9000 WORSHIP RENEWAL PROJECT Union Grove United Methodist Church 6407 Union Grove Church Road Hillsborough NC 27278 800560719 501(c)(3) 7800 WORSHIP RENEWAL PROJECT University of Dayton 300 College Pk Ave Dayton OH 45469 310536715 501(c)(3) 5658 WORSHIP RENEWAL PROJECT University of Dubuque 2000 University Ave Dubuque IA 52001 420680323 501(c)(3) 7500 WORSHIP RENEWAL PROJECT Christ United Methodist 4488 Poplar Ave Memphis TN 38117 620560799 501(c)(3) 5975 WORSHIP RENEWAL PROJECT Cornerstone University 1001 E Beltline Ave NE Grand Rapids MI 49525 381443369 501(c)(3) 9000 WORSHIP RENEWAL PROJECT First Christian Church 327 Capitol Ave Jefferson City MO 65101 350868116 501(c)(3) 7500 WORSHIP RENEWAL PROJECT First Presbyterian Church 390 NE 2nd St McMinnville OR 97128 930391571 501(c)(3) 6348 WORSHIP RENEWAL PROJECT Grace Point Church 3762 W Ann Rd North Las Vegas NV 89031 203580697 501(c)(3) 7375 WORSHIP RENEWAL PROJECT Bridge St African Wesleyan 277 Stuyvesant Ave Brooklyn NY 11221 111797164 501(c)(3) 7375 WORSHIP RENEWAL PROJECT Freedom Outreach International PO Box 5438 Cleveland TN 37320 453996962 501(c)(3) 7850 WORSHIP RENEWAL PROJECT Red Mountain Community Church 6101 E Virginia St Mesa AZ 85215 860650019 501(c)(3) 7250 WORSHIP RENEWAL PROJECT Bostwick Lake Congregational Church 7979 Belding Rd NE Rockford MI 49341 382493177 501(c)(3) 7292 WORSHIP RENEWAL PROJECT St John's Episcopal Church 1003 W Town St Columbus OH 43222 061779897 501(c)(3) 7250 WORSHIP RENEWAL PROJECT St Philothea Greek Orthodox Church 3761 Mars Hill Rd Watkinsville GA 30677 912188052 501(c)(3) 7450 WORSHIP RENEWAL PROJECT Not So Churchy Parity Inc 2095 Broadway Ste 308 New York NY 10023 111782120 501(c)(3) 7500 WORSHIP RENEWAL PROJECT Holy Cross Lutheran Church 2650 Miami St St Louis MO 63118 430653326 501(c)(3) 7500 WORSHIP RENEWAL PROJECT Wake Forest University Divinity Sch PO Box 7719 Winston Salem NC 27109 560532138 501(c)(3) 7500 WORSHIP RENEWAL PROJECT First Christian Church 6355 Greenleaf Ave Whittier CA 90601 951648183 501(c)(3) 7500 WORSHIP RENEWAL PROJECT First Presbyterian Church 340 5th Ave S Saint Cloud MN 56301 410826135 501(c)(3) 5050 WORSHIP RENEWAL PROJECT Mount Aery Baptist Church 73 Frank St Bridgeport CT 06604 066049640 501(c)(3) 6000 WORSHIP RENEWAL PROJECT North Park Theological Seminary 3225 West Foster Ave Chicago IL 60625 361557840 501(c)(3) 5275 WORSHIP RENEWAL PROJECT Peletah Ministries PO Box 14253 New Bern NC 28561 611662965 501(c)(3) 7500 WORSHIP RENEWAL PROJECT Rainier Beach Presbyterian Church 9656 Waters Ave South Seattle WA 98118 910723030 501(c)(3) 7295 WORSHIP RENEWAL PROJECT Roberts Wesleyan College 2301 Westside Dr Rochester NY 14624 160743126 501(c)(3) 7500 WORSHIP RENEWAL PROJECT Saint John's University PO Box 2000 Collegeville MN 56321 453656162 501(c)(3) 7500 WORSHIP RENEWAL PROJECT MennoMedia Inc PO Box 866 Harrisonburg VA 22803 540575805 9000 WORSHIP RENEWAL PROJECT 40 0 INSTITUTIONAL ACADEMIC AID 3694 48808089 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 0 0 0 0 0 0 0 0 0 Dr Michael Le Roy President 326023 0 0 0 58613 0 33400 0 40599 0 458635 0 0 0 Mrs Sally Vander Ploeg Vice President of Administration & Finance 166974 0 0 0 258 0 17221 0 12806 0 197259 0 0 0 Dr Cheryl Brandsen Provost 167825 0 0 0 396 0 17633 0 21916 0 207770 0 0 0 Mr Kenneth Erffmeyer Vice President for Advancement 153262 0 0 0 138 0 15644 0 25599 0 194643 0 0 0 Mr Todd Hubers Vice President of People, Strategy and Technology 137992 0 0 0 138 0 14548 0 20900 0 173578 0 0 0 Mr Russell Bloem Vice President for Enrollment Management 136859 0 0 0 396 0 14233 0 21170 0 172658 0 0 0 Dr Sarah Visser Vice President for Student Life 136506 0 0 0 54 0 14548 0 22099 0 173207 0 0 0 Mr Brian Paige Associate Vice President of IT & CIO 122839 0 0 0 90 0 12542 0 24699 0 160170 0 0 0 Ms Barbara Boers Director of Finance 115668 0 0 0 132 0 11908 0 9177 0 136885 0 0 0 Schedule J, Part I, Line 1a 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. 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 0 Schedule K, Part I, Column f-07/14/2016 78,000,000 MICHIGAN FINANCE AUTHORITY Part I.A(f) - 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. Column A - 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 Part III.A, Line 3a - 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 Part IV. Line 2c - The rebate calculation is not required at this time. It is expected that the Series 2016 Bonds will qualify for a rebate exception. X 8 0 0 X 0 0 X 3427 Fair Market Value X 63 811743 Mean Market Value X 1 0 0 X 2 0 0 X SUPPLIES 27 62777 Cost X MEETING SPACE 2 2406 COST X EDUCATIONAL MATERIALS 5 7936 COST X TUITION GIFT CERT 4 26019 FAIR MARKET VALUE 0 0 1 0 Schedule M, Part I, Line 33 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 LINES 1, 4, AND 18. THE DOLLAR VALUE OF CERTAIN ITEMS IS BELOW THE COLLEGE'S REVENUE RECOGNITION THRESHOLD FOR THE FINANCIAL STATEMENTS AND THEREFORE, NO REVENUE IS REPORTED IN COLUMN (C) OF LINE 19. Form 990, Part III, Line 4d PUBLIC SERVICE: INSTITUTIONALLY, PRIVATELY, AND GOVERNMENT FUNDED SERVICE PROJECTS (97 PUBLIC SERVICE PROJECTS) Form 990, Part VI, Section B, Line 11b A COPY OF THE IRS FORM 990 AND RELATED SCHEDULES ARE PROVIDED TO EACH MEMBER OF THE AUDIT COMMITTEE FOR REVIEW AND APPROVAL PRIOR TO ELECTRONIC FILING OF THE RETURN. THE FORM AND RELATED SCHEDULES ARE ALSO PROVIDED TO THE FULL BOARD FOR THEIR REVIEW PRIOR TO ELECTRONIC FILING. Form 990, Part VI, Section B, Line 12c ANNUALLY, ALL BOARD MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT AND DISCLOSE ANY CONFLICTS OF INTEREST. A SUMMARY OF IDENTIFIED CONFLICTS IS ANNUALLY PRESENTED TO THE AUDIT COMMITTEE 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) ON-DEMAND SERVICE 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 RETIREE HEALTH = $644,688 + SPLIT INTEREST AGREEMENTS = $734,417 + INTEREST RATE SWAPS = $8,846,661. TOTAL $10,225,766 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 225000 FAIR MARKET VALUE CALVIN COLLEGE REHABILITATION SERVICES o 410474 FAIR MARKET VALUE EXTENSIONS HAVE BEEN FILED FOR FILING THIS RETURN