2017-05-10T16:30:19-07:00 2016-06-30 990 2015-07-01 383071514 CALVIN COLLEGE CALV 6165266000 3201 BURTON STREET SE GRAND RAPIDS MI 49546 Sally Vander Ploeg VP - ADMINISTRATION AND FINANCE 6165267112 2017-05-08 2015 2021-01-29 14:40:06Z MICHAEL K LE ROY 3201 BURTON STREET SE GRAND RAPIDS MI 49546 221457300 0 X WWW.CALVIN.EDU X 1991 MI CALVIN COLLEGE EQUIPS STUDENTS TO THINK DEEPLY, TO ACT JUSTLY, AND TO LIVE WHOLEHEARTEDLY AS CHRIST'S AGENTS OF RENEWAL IN THE WORLD. 31 31 3658 350 1500849 0 23323406 25854459 145522708 146590580 6534300 4069032 0 0 175380414 176514071 44524642 48032520 0 0 72089804 70893620 3945 119601 3171361 52017399 50658219 168635790 169703960 6744624 6810111 465132771 466838360 172094941 177972639 293037830 288865721 CALVIN COLLEGE EQUIPS STUDENTS TO THINK DEEPLY, TO ACT JUSTLY, AND TO LIVE WHOLEHEARTEDLY AS CHRIST'S AGENTS OF RENEWAL IN THE WORLD. 0 0 131939336 47425299 122193848 INSTRUCTION: 891 STUDENTS GRADUATED IN 2015-2016 (4,431 STUDENTS) 21188166 0 22754323 AUXILIARY SERVICES: RESIDENTIAL HOUSING, FOOD SERVICE, CAMPUS STORE AND OTHER SERVICES 3256867 19011 714198 RESEARCH: INSTITUTIONALLY, PRIVATELY, AND GOVERNMENT FUNDED RESEARCH PROJECTS (149 RESEARCH PROJECTS). 6319037 588210 928211 PUBLIC SERVICE: INSTITUTIONALLY, PRIVATELY, AND GOVERNMENT FUNDED SERVICE PROJECTS (107 PUBLIC SERVICE PROJECTS) 6319037 588210 928211 162703406 1 1 0 0 0 0 1 1 0 1 1 1 0 0 1 0 1 0 1 1 1 1 1 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 8779 0 1 3658 1 1 1 1 CA GH 0 0 0 1 1 0 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 MR R SCOTT BOOT BOARD MEMBER 1 0 X 0 0 0 MR PHILIP BRONDSEMA BOARD MEMBER 1 0 X 0 0 0 MS JANICE BEUKEMA BOARD MEMBER 1 0 X 0 0 0 MR DAVID COK BOARD MEMBER 1 0 X 0 0 0 MR FERNANDO DEL ROSARIO 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 MRS WENDY GRANGER HOFMAN 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 MS MARJORIE HOOGEBOOM BOARD MEMBER 1 0 X 0 0 0 MR MICHAEL KOETJE BOARD MEMBER 1 0 X 0 0 0 MR THOMAS NOBEL BOARD MEMBER 1 0 X 0 0 0 MR STEVEN TRIEZENBERG BOARD MEMBER 1 0 X 0 0 0 MR WYTSE VAN DIJK BOARD MEMBER 1 0 X 0 0 0 MS MARSHA VANDERGAAST BOARD MEMBER 1 0 X 0 0 0 MR RAY VANDERKOOI BOARD MEMBER 1 0 X 0 0 0 MRS ANDREA VANKOOTEN BOARD MEMBER 1 0 X 0 0 0 MR JACK VELTKAMP BOARD MEMBER 1 0 X 0 0 0 MRS PAULA WIGBOLDY 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 CRAIG LUBBEN CHAIR 4 0 X X 0 0 0 MR DAVID SCHUTT VICE CHAIR 4 0 X X X 0 0 0 MRS MARY BONNEMA VICE CHAIR 1 0 X X 0 0 0 MS CHRISTINE METZGER SECRETARY 4 0 X X 0 0 0 DR MICHAEL LE ROY PRESIDENT 40 0 X 411117 0 72356 SALLY VANDERPLOEG VICE PRESIDENT OF ADMINISTRATION AND FINANCE 40 0 X 164364 0 37481 DR CHERYL BRANDSEN PROVOST 40 0 X 167944 0 38985 KENNETH ERFFMEYER VICE PRESIDENT FOR ADVANCEMENT 40 0 X 150436 0 40349 TODD HUBERS VICE PRESIDENT OF PEOPLE STRATEGY AND TECHNOLOGY 40 0 X 127372 0 34440 RUSSELL BLOEM VICE PRESIDENT FOR ENROLLMENT MANAGEMENT 40 0 X 123991 0 34741 CHARSIE SAWYER MUSIC INSTRUCTOR 40 X 121161 0 8394 BRIAN PAIGE ASSOCIATE VICE PRESIDENT OF IT & CIO 40 0 X 116638 0 36010 ROBERT BERKHOF SENIOR ASSOCIATE TO THE PRESIDENT 40 X 116626 0 29200 1499649 0 331956 22 1 1 0 CREATIVE DINING SERVICES 1 ROYAL PARK DRIVE SUITE 3 ZEELAND MI 49464 FOOD SERVICE 5498402 PAGEWORKS 2801 OAK INDUSTRIAL DRIVE NE GRAND RAPIDS MI 49505 MEDIA 524542 ELLUCIAN COMPANY LP 4375 FAIR LAKES COURT FAIRFAX VA 22033 SOFTWARE 387432 MIDWEST COLLABORATIVE FOR LIBRARY SERVICES 6810 SOUTH CEDAR STREET LANSING MI 48911 LIBRARY 374888 WITTE TRAVEL & TOURS 3250 28TH STREET SE GRAND RAPIDS MI 49512 TRAVEL 358371 61 0 0 0 0 2291259 23563200 1051968 25854459 TUITION 611310 116875963 116875963 0 0 SALES AND SERVICE AUXILLIARY 721000 22754323 21102015 1652308 0 ANCILLARY SERVICES 611710 6960294 6960294 0 0 0 0 0 0 146590580 2858630 0 -151459 3010089 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 46153631 0 44943229 0 1210402 0 1210402 0 0 1210402 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 176514071 144938272 1500849 4220491 264687 264687 45833720 45833720 1934113 1934113 0 0 1831605 694019 800975 336611 0 0 0 0 50679323 48019943 1322349 1337031 3990036 3749617 134950 105469 10710887 9977374 426103 307410 3681769 3391385 172230 118154 0 0 0 0 128162 0 128162 0 147504 0 147504 0 0 0 0 0 119601 119601 165347 0 165347 0 2449240 2433795 1475 13970 486630 434313 13712 38605 4631610 4306129 69923 255558 1114004 1037460 42297 34247 0 0 0 0 14449365 14301298 50786 97281 5470350 5122160 201375 146815 0 0 0 0 1509506 1326886 41571 141049 52728 52728 0 0 0 0 0 0 6521956 6473125 23018 25813 156039 57982 98057 0 CAMPUS STORE PURCHASES -9738 -9738 0 0 CONTRACTED GOODS AND SERVICES 2820696 2813135 7561 0 FOOD CONTRACT 8510276 8470627 36387 3262 2054544 2018648 -54589 90485 169703960 162703406 3829193 3171361 27033190 36780781 0 0 7365334 9007397 5963328 5302721 0 0 0 0 0 0 0 0 0 0 300004590 90213046 211888521 209791544 76697899 84025767 126700819 113061586 7072090 6381013 0 0 2411590 2487551 465132771 466838360 12337966 10479563 0 0 2885752 3240267 78000000 78000000 0 0 0 0 0 0 29313729 29215448 49557494 57037361 172094941 177972639 X 153827128 148185957 44142498 37336220 95068204 103343544 293037830 288865721 465132771 466838360 X 6810111 -3260996 0 0 0 -7721224 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 12.30 0 0 0 1 0 0 0 0 0 0 X X X X X INSTRUCTIONAL 0 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 111129657 4294385 -2602475 2343200 2609600 86500 107782267 0.13 0.76 0.11 1 0 0 6608752 6608752 0 231901352 48174069 183727283 0 0 0 0 0 61494486 42038977 19455509 0 0 0 0 209791544 0 F 0 F GROWTH 1435419 F INTERNATIONAL GROWTH 2891921 F FIXED INCOME 38383581 F HEDGE 21002163 F MONEY MARKET 149137 F REAL ESTATE 868727 F NATURAL RESOURCES 4883604 F ALTERNATIVES 39923960 F SERVICES 2768480 F LAND, REAL ESTATE, AND OTHER 80000 C NOTES RECEIVABLE 430317 C NATURAL RESOURCES 2500 C CERTIFICATES OF DEPOSIT 211292 C OTHER 30485 C 113061586 0 POST-RETIREMENT HEALTH BENEFITS 13199662 TUITION GIFT CERTIFICATES 4210571 ANNUITY AND TRUST OBLIGATIONS 5976160 INVESTMENT IN DERIVATIVE INSTRUMENTS 27455238 REFUNDABLE FEDERAL PERKINS LOAN ADVANCES 6195730 57037361 119261689 -3260996 0 0 -47293876 -50554872 169816561 165347 6532163 6697510 176514071 122244737 0 0 0 0 0 122244737 165347 47293876 47459223 169703960 Schedule D, Part II, Line 9 NOT REPORTED DUE TO THE FACT IT IS NOT MATERIAL. 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 = ($47,293,876) Schedule D, Part XI, Line 4b NON-OPERATING INVESTMENT INCOME = ($4,636,832) AND NON-OPERATING PRIVATE GIFTS AND GRANTS = $11,168,995. TOTAL IS $6,532,163. Schedule D, Part XII, Line 4b INVESTMENT EXPENSES = $165,347 AND FINANCIAL AID = $47,293,876 = $47,459,223. 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 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 5 Program Services INSTRUCTIONAL 465164 East Asia and the Pacific 1 2 Program Services INSTRUCTIONAL 484152 Europe (including Iceland and Greenland) 0 5 Program Services INSTRUCTIONAL 1679602 Middle East and North Africa 0 0 Program Services INSTRUCTIONAL 79497 North America (including Canada and Mexico, but not the United States) 0 0 Program Services INSTRUCTIONAL 183492 South America 0 1 Program Services INSTRUCTIONAL 300176 South Asia 0 0 Program Services INSTRUCTIONAL 70902 Sub-Saharan Africa 1 2 Program Services INSTRUCTIONAL 225326 3 15 3488311 Europe (including Iceland and Greenland) RESEARCH 19011 WIRE TRANSFER North America (including Canada and Mexico, but not the United States) PUBLIC SERVICE 18985 CHECK Sub-Saharan Africa PUBLIC SERVICE 304538 WIRE TRANSFER 26 0 INSTITUTIONAL ACADEMIC AID Central America and the Caribbean 41 344477 CHARGES AGAINST OWED BALANCE 0 INSTITUTIONAL ACADEMIC AID East Asia and the Pacific 16 113633 CHARGES AGAINST OWED BALANCE 0 INSTITUTIONAL ACADEMIC AID Europe (including Iceland and Greenland) 156 806603 CHARGES AGAINST OWED BALANCE 0 INSTITUTIONAL ACADEMIC AID South America 21 188801 CHARGES AGAINST OWED BALANCE 0 INSTITUTIONAL ACADEMIC AID Sub-Saharan Africa 16 138065 CHARGES AGAINST OWED BALANCE 0 1 0 0 1 1 0 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. Schedule F, Part IV, Line 1 CALVIN COLLEGE HAS FILED THE FOREIGN BANK ACCOUNT REPORT (FBAR). X X X X X X 1 Marts & Lundy INC 1200 Wall Street West Lyndhurst NJ 07071 Campaign Feasibility Study 0 0 113590 -113590 Ruffalo Noel Levitz 1025 Kirkwood Pkwy Cedar Rapids IA 52404 Phone Consultation 0 335638 6011 329627 335638 119601 216037 CT LA MI MN MS UT VA WA 1 BOSTWICK LAKE CONGREGATIONAL CHURCH 7979 BELDING ROAD NE ROCKFORD MI 49341 382493177 501C3 7292 0 WORSHIP RENEWAL BROAD STREET MINISTRY 315 SOUTH BROAD STREET PHILADELPHIA PA 19107 202760310 501C3 6000 0 WORSHIP RENEWAL CATHEDRAL IN THE NIGHT MINISTRY 867 NORTH PLEASANT STREET AMHERST MA 01002 461428682 501C3 7500 0 WORSHIP RENEWAL CENTRAL CHRISTIAN COLLEGE OF KANSAS 1200 S MAIN STREET MCPHERSON KS 67460 480577656 501C3 6144 0 WORSHIP RENEWAL CENTRAL PRESBYTERIAN CHURCH 201 WASHINGTON STREET NW ATLANTA GA 30303 580566154 501C3 7075 0 WORSHIP RENEWAL CENTRAL WOODWARD CHRISTIAN CHURCH 3955 W BIG BEAVER ROAD TROY MI 48084 381420305 501C3 5235 0 WORSHIP RENEWAL COASTLAND COMMONS 3 HOWE STREET SEATTLE WA 98109 910646776 501C3 6000 0 WORSHIP RENEWAL DIOCESE OF ST CLOUD 305 7TH AVE NORTH ST CLOUD MN 56303 410693981 501C3 7500 0 WORSHIP RENEWAL EBENEZER UMC 2001 NW 35TH STREET MIAMI FL 33142 591174826 501C3 7500 0 WORSHIP RENEWAL EMMANUEL REFORMED CHURCH 8303 ALONDRA BLVD PARAMOUNT CA 90723 951750915 501C3 6000 0 WORSHIP RENEWAL FELLOWSHIP REFORMED CHURCH 300 N 168TH AVE HOLLAND MI 49424 381919779 501C3 6450 0 WORSHIP RENEWAL FIRST CHRISTIAN CHURCH WHITTIER 6355 GREENLEAF AVE WHITTIER CA 92867 951648083 501C3 5500 0 WORSHIP RENEWAL FIRST CHRISTIAN CHURCH OF ORANGE 1130 E WALNUT ORANGE CA 92867 952005833 501C3 5500 0 WORSHIP RENEWAL FIRST PREBYTERIAN CHURCH OF REDDING 2315 PLACER STREET REDDING CA 96001 410826135 501C3 5050 0 WORSHIP RENEWAL HOLY TRINITY CHURCH OF CHICAG0 53 W JACKSON BLVD SUITE 305 CHICAGO IL 60604 364215956 501C3 7500 0 WORSHIP RENEWAL JEFF ST BAPTIST COMMUNITY AT LIBERTY 800 E LIBERTY STREET LOUISVILLE KY 40204 611206312 501C3 6000 0 WORSHIP RENEWAL LAKEWOOD BAPTIST CHURCH 14321 DETROIT AVE LAKEWOOD OH 44107 340726098 501C3 6000 0 WORSHIP RENEWAL MAYFIELD CENTRAL PRESBYTERIAN CHURCH 22 N MAIN STREET PO BOX 432 MAYFIELD NY 12117 146022419 501C3 5985 0 WORSHIP RENEWAL MICHIGAN CONFERENCE UNITED CHURCH 5945 PARK LAKE ROAD EAST LANSING MI 48823 382488979 501C3 6000 0 WORSHIP RENEWAL MUSTARD SEED SCHOOL 422 WILLOW AVE HOBOKEN NJ 07030 222267469 501C3 6223 0 WORSHIP RENEWAL NEW MOUNT ZION BAPTIST CHURCH PO BOX 965 ROXBORO NC 27573 561391708 501C3 7500 0 WORSHIP RENEWAL NORTH ATLANTA DISTRICT OF THE AME CHURCH 5704 GREENRIDGE COURT LITHONIA GA 30058 530204696 501C3 7500 0 WORSHIP RENEWAL NORTH WEST LOWER MICHIGAN SYNOD 2900 N WAVERLY ROAD LANSING MI 48906 363514248 501C3 6000 0 WORSHIP RENEWAL PARITY INC 2095 BROADWAY NEW YORK NY 10023 311592042 501C3 7500 0 WORSHIP RENEWAL PINNACLE PRESBYTERIAN 25150 N PIMA ORAD SCOTTSDALE AZ 85255 890708287 501C3 6000 0 WORSHIP RENEWAL RAINBOW MENNONITE CHURCH 1444 SOUTHWEST BLVD KANSAS CITY KS 66103 450564355 501C3 7500 0 WORSHIP RENEWAL RAYMOND VILLAGE COMMUNITY CHURCH PO BOX 285 RAYMOND ME 04071 010412239 501C3 6000 0 WORSHIP RENEWAL RESURRECTION UNITED METHODIST CHURCH 5715 WEST 63RD PLACE CHICAGO IL 60638 362820245 501C3 5500 0 WORSHIP RENEWAL ROBBINSDALE UNITED CHURCH OF CHRIST 4200 LAKE ROAD ROBBINSDALE MN 55422 410695586 501C3 5125 0 WORSHIP RENEWAL SAFE HAVEN MINISTRIES INC 601 ONDERDUNK RIDGEWOOD NY 11385 113291318 501C3 7500 0 WORSHIP RENEWAL SOUTH CONGREGATIONAL CHURCH 565 MAIN STREET CENTERVILLE MA 02632 042491755 501C3 7050 0 WORSHIP RENEWAL ST ANDREWS EPISCOPAL CHURCH 2015 GLENARM PLACE DENVER CO 80205 980265700 501C3 6000 0 WORSHIP RENEWAL ST LUKES LUTHERAN CHURCH OF LOGAN SQUARE 2649 N FRANCISCO AVE CHICAGO IL 60647 362412450 501C3 6125 0 WORSHIP RENEWAL ST MONICA CATHOLIC COMMUNITY 701 CALIFORNIA AVE SANTA MONICA CA 90403 951642385 501C3 9000 0 WORSHIP RENEWAL THE 12 FOUNDATION INC 135 COMSTOCK HILL ROAD NEW CANAAN CT 06840 464454335 501C3 6000 0 WORSHIP RENEWAL UNION GROVE UNITED METHODIST CHURCH 6407 UNION GROVE CHURCH ROAD HILLSBOROUGH NC 27278 800560719 501C3 7800 0 WORSHIP RENEWAL UNIVERSITY COVENANT CHURCH 315 MACE BLVD DAVIS CA 95616 362167730 501C3 7475 0 WORSHIP RENEWAL UNIVERSITY OF DAYTON INSTITUTE FOR PASTORAL INITIATIVES 300 COLLEGE PARK DRIVE DAYTON OH 45469 530196617 501C3 5658 0 WORSHIP RENEWAL UNIVERSITY OF DUBUQUE 2000 UNIVERSITY AVE DUBUQUE IA 52001 420680323 501C3 7500 0 WORSHIP RENEWAL VIRGINIA THEOLOGICAL SEMINARY 3737 SEMINARY ROAD ALEXANDRIA VA 22304 540505937 501C3 7500 0 WORSHIP RENEWAL 40 0 INSTITUTIONAL ACADEMIC AID 3788 45903149 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 411117 0 0 0 0 0 32600 0 39756 0 483473 0 0 0 SALLY VANDERPLOEG VICE PRESIDENT 164364 0 0 0 0 0 17032 0 20449 0 201845 0 0 0 DR CHERYL BRANDSEN PROVOST 167944 0 0 0 0 0 17500 0 21485 0 206929 0 0 0 KENNETH ERFFMEYER VICE PRESIDENT 150436 0 0 0 0 0 15216 0 25133 0 190785 0 0 0 TODD HUBERS VICE PRESIDENT 127372 0 0 0 0 0 13180 0 21260 0 161812 0 0 0 RUSSELL BLOEM VICE PRESIDENT 123991 0 0 0 0 0 12833 0 21908 0 158732 0 0 0 BRIAN PAIGE ASSOCIATE VICE PRESIDENT OF IT & CIO 116638 0 0 0 0 0 12184 0 23826 0 152648 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. A MICHIGAN FINANCE AUTHORITY 800596186 000000000 2012-06-18 96000000 SEE PART VI 0 0 0 A 18000000 0 96000000 0 0 0 0 0 0 0 96000000 0 1 0 1 1 A 0 0 1 0 0 0 0 0 0 0 0 A 0 1 0 0 1 0 0 0 0 A 0 Schedule K, Part I, Column f-06/18/2012 96,000,000 MICHIGAN FINANCE AUTHORITY THE BONDS ISSUED ON JUNE 18, 2012 (THE "2012 BONDS") WERE ISSUED TO CURRENTLY REFUND (A) THE OUTSTANDING PRINCIPAL AMOUNT OF THE MICHIGAN HIGHER EDUCATION FACILITIES AUTHORITY ("MHEFA") VARIABLE RATE DEMAND LIMITED OBLIGATION REVENUE REFUNDING BONDS (CALVIN COLLEGE PROJECT), SERIES 20017A, DATED SEPTEMBER 6, 2007 (THE "2007A BONDS"), AND (B) 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 1-06/18/2012 96,000,000 MICHIGAN FINANCE AUTHORITY PART III.A IS COMPLETED FOR THE PORTION OF THE 2012 BONDS ALLOCATED TO REFUND THE 2007B BONDS (I.E. BONDS ISSUED ON OR AFTER JANUARY 1, 2003). PART III IS NOT COMPLETED FOR THE PORTION OF THE 2012 BONDS ALLOCATED TO REFUND 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-06/18/2012 96,000,000 MICHIGAN FINANCE AUTHORITY THERE IS NO FOOD SERVICE CONTRACT THAT QUALIFIES FOR A SAFE HARBOR UNDER REV. PROC. 97-13 Schedule K, Part IV, Line 2c-06/18/2012 96,000,000 MICHIGAN FINANCE AUTHORITY THE REBATE CALCULATION IS NOT REQUIRED AT THIS TIME. X 6 0 0 X 0 0 X 50 925003 MEAN MARKET VALUE X 1 0 0 X 1 0 0 X SUPPLIES 28 20881 COST X TUITION GIFT CERTIFICATES 2 106084 FAIR MARKET VALUE 2 0 1 0 Schedule M, Part I, Line 33 THE COLLEGE DOES NOT CAPITALIZE COLLECTIONS, INCLUDING ARTWORK AND COLLECTIBES 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 VI, Section B, Line 11b A COPY OF THE IRS FORM 990 AND RELATED ATTACHMENTS ARE SENT TO EACH MEMBER OF THE AUDIT COMMITTEE FOR REVIEW AND APPROVAL PRIOR TO ELECTRONIC FILING. THE FORM AND ATTACHMENTS ARE ALSO PROVIDED TO THE FULL BOARD FOR THEIR REVIEW PRIOR TO FILING. Form 990, Part VI, Section B, Line 12c EACH YEAR, ALL BOARD MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT AND DISCLOSE ANY CONFLICTS. A SUMMARY OF IDENTIFIED CONFLICTS IS ANNUALLY PRESENTED TO THE AUDIT COMMITTEE FOR THEIR REVIEW AND APPROVAL. 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 BENCH MARKED SALARIES FROM CALVIN'S PEER GROUP OF INSTITUTIONS. THESE ARE THE SAME THIRTY INSTITUTIONS WHICH WERE USED FOR THE PRESIDENT'S COMPENSATION STUDY. SALARY CHANGES ARE MADE IN RESPONSE TO THOSE BENCHMARKS OF COMPENSATION FOR COMPARABLE POSITIONS AT PEER INSTITUTIONS. THE BENCH MARKED SALARIES WERE GATEHRED USING DATA FROM THE COLLEGE AND UNIVERISTY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES (CUPA) ON-DEMAND SERVICE. Form 990, Part VI, Section C, Line 19 AVAILABLE UPON REQUEST. Form 990, Part XI, Line 9 RETIREE HEALTH = ($599,392) + SPLIT INTEREST AGREEMENTS = ($352,341) + INTERST RATE SWAPS ($6,769,491) TOTALS ($7,721,224).