2018-02-09T11:21:49-07:00 2017-06-30 990 2016-07-01 383001876 CALVIN THEOLOGICAL SEMINARY CALV 6169578619 3233 Burton St SE Grand Rapids MI 495464387 David Bardolph Controller 6169576019 2018-02-09 153.106.118.199 2016 2021-01-29 14:40:06Z Julius Medenblik 3233 Burton St SE Grand Rapids MI 49546 16494073 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. 19 19 178 25 510 -34611 8060583 6941204 3217631 3085174 -646125 152660 32697 66763 10664786 10245801 1747642 1796285 0 0 5130623 4967344 29332 12251 592132 3900849 3670875 10808446 10446755 -143660 -200954 57078157 60847187 2434985 2218395 54643172 58628792 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 7468545 40000 2299228 The Seminary's primary purpose is the education and training of over 300 students to prepare them for ministry and leadership in the church. 349324 51595 The Center for Excellence in Preaching offers training and resources for biblically faithful, theologically grounded, culturally relevant and communicationally effective proclamation of the Word of God. 311392 311392 0 The Calvin Prison initiative is a joint program with Calvin College, offering a college degree program to inmates at Handlon Correctional Facility in Ionia, MI 195600 143409 Church Renewal Lab - A two-year renewal journey for the purpose of developing intentional missional congregations that make more and better disciples who transform lives and communities for Christ 195600 0 143409 8324861 1 1 0 0 0 0 0 0 0 1 1 0 1 0 1 0 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 122 0 1 178 1 0 0 0 0 0 0 0 1 1 0 0 0 X 19 19 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 1 0 1 1 0 MI X X David Bardolph 6169578619 3233 Burton St SE Grand Rapids MI 495464387 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 Mr Keith Oosthoek Board Member 2 0 X 0 0 0 Rev William Sytsma 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 Mr Sidney Jansma Jr Board President 4 0 X 0 0 0 Rev Scott Elgersma Board Member 2 0 X 0 0 0 Dr Yudha Thianto Board Member 2 0 X 0 0 0 Teresa Renkema Board Secretary 4 0 X 0 0 0 Rev John Dykhuis Board Member 2 0 X 0 0 0 Dr Karen DeMol Board Member 2 0 X 0 0 0 Rev Timothy Howerzyl Board Member 2 0 X 0 0 0 Rev Curtis Walters Board Vice President 2 0 X 0 0 0 Ms Heather Garretson Board Member 2 0 X 0 0 0 Mr Henry Lane Board Member 2 0 X 0 0 0 Rev Julius T Medenblik JD President 40 0 X X 136640 0 39562 Ms Jeanette DeJong Chief Operating and Financial Officer 40 0 X 112010 0 30133 248650 0 69695 2 0 1 1 0 0 147410 2378539 0 4415255 0 6941204 Tuition and fees 813110 2299228 2299228 0 0 Sales and Services 813110 785946 785946 0 0 0 0 0 0 3085174 53642 53132 510 0 0 0 0 0 0 0 0 0 0 0 6322716 0 6223698 0 99018 0 99018 99018 0 0 24574 147409 24574 0 0 0 66763 66763 0 0 66763 10245801 3304087 510 0 351392 351392 1444893 1444893 0 0 0 0 308954 105347 146916 56691 0 0 0 0 3666441 2758107 678567 229767 288310 249997 14587 23726 565951 471115 47852 46984 137688 103577 25483 8628 0 0 0 0 981 0 981 0 37436 6000 31436 0 0 0 0 0 12251 12251 0 0 0 0 170732 133653 25119 11960 255999 180840 7063 68096 107609 64013 28190 15406 183053 124662 21407 36984 777 777 0 0 1094251 783714 310537 199607 69546 70165 59896 0 0 0 0 50482 38327 12012 143 425 425 0 0 0 0 0 0 417244 396382 20862 0 21567 19380 2187 0 Program expenses 698721 698721 0 0 431991 323993 86398 21600 10446755 8324861 1529762 592132 2909810 2273970 19122 201375 10043 20124 0 0 0 0 1877863 1767292 0 28440 52883 17844103 7408299 10624143 10435804 111940 113349 41459089 45954341 37707 28049 57078157 60847187 1604164 1584884 479458 309798 351363 323713 2434985 2218395 X 13667254 14436164 21121801 23278068 19854117 20914560 54643172 58628792 57078157 60847187 -200954 4186574 0 0 0 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 35486001 1438314 4271314 1404613 0 0 39791016 35285370 2269239 -700758 1367850 0 0 35486001 35816868 1449618 -723956 1257160 0 0 35285370 30552487 1297560 5451801 1484980 0 0 35816868 26039214 727201 5280787 1494715 0 0 30552487 0.27 0.53 0.2 0 0 0 245000 245000 0 13789502 4392575 9396927 0 0 0 0 0 3809601 3015724 793877 0 0 0 0 10435804 Mutual funds 37708412 F Hedge funds 3999183 F Private equity 3098458 F Real estate 1050000 F Cash and cash equivalents 98288 F 45954341 0 Federal loan advances 163848 Annuity contracts 159865 323713 13166407 4186574 0 0 0 4186574 8979833 0 1265968 1265968 10245801 9180787 0 0 0 0 0 9180787 0 1265968 1265968 10446755 Schedule D, Part V, Line 4 Endowment funds are used to provide student financial aid, and to support the operation of the seminary in the form of endowed faculty positions. Schedule D, Part XI, Line 4b Financial statements reflect revenue and expenses net of financial aid in the amount of $1,265,968 Schedule D, Part XII, Line 4b Audited financial statements reflect revenue and expenses net of financial aid in the amount of $1,265,968 Annual Golf Outing 171485 0 171485 0 5169 9766 5957 0 3683 0 0 171485 0 171485 0 5169 9766 5957 0 3683 24575 146910 1 Calvin College 3201 Burton St SE Grand Rapids MI 49546 383071514 311392 Calvin Prison Initiative Calvin College 3201 Burton St SE Grand Rapids MI 49546 383071514 40000 Calvin Institute for Christian Worship, annual Worship Symposium 1 0 Student tuition, housing, and other assistance 280 1444893 Schedule I, Part I, Line 2 Student financial aid is awarded after an application and eligibility verification process, using the FAFSA for establishing 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 1 1 X 0 0 0 0 0 0 0 0 0 Rev Julius T Medenblik JD President 136640 0 0 0 0 0 0 0 39562 0 176202 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 Some decisions of the Board of Trustees must be ratified by Synod, the governing body of the Christian Reformed Church in North America Form 990, Part VI, Section B, Line 11b Prior to filing, the 990 is reviewed by senior management. Electronic copies are provided to members of the Board of Trustees Development and Finance Committee. Form 990, Part VI, Section B, Line 12c Trustees annually complete a Conflict of Interest questionnaire. Trustees should not ordinarily be engaged in business relationships with the school or be compensated by it other than expenses incurred in serving on the board. If such conflict of interest should arise, 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 Chairman of the Development and Finance Committee annually review the compensation of the president and the Chief Operating Officer, informed by peer information received 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 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 Extension approved - new due date is February 15, 2018