2016-05-12T16:12:03-07:00 2015-06-30 990 2014-07-01 383071514 CALVIN COLLEGE CALV 6165266000 3201 BURTON STREET SE GRAND RAPIDS MI 49546 Sally Vander Ploeg VP - ADMINISTRATION AND FINANCE 6165267112 2016-05-01 2014 2016-08-17 19:52:53Z MICHAEL K LE ROY 3201 BURTON STREET SE GRAND RAPIDS MI 49546 222102265 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 3648 350 1632735 0 34337767 23323406 143941332 145522708 17806290 6534300 0 0 196085389 175380414 41023861 44524642 0 0 69792573 72089804 11114 3945 3351628 54269114 52017399 165096662 168635790 30988727 6744624 470826119 465255756 180698022 172217926 290128097 293037830 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 127827837 43846697 118349244 INSTRUCTION: 850 STUDENTS GRADUATED IN 2014-2015 (4,417 STUDENTS) 24433034 0 27116546 AUXILIARY SERVICES: RESIDENTIAL HOUSING, FOOD SERVICE, CAMPUS STORE AND OTHER SERVICES 4354231 390000 676035 RESEARCH: INSTITUTIONALLY, PRIVATELY, AND GOVERNMENT FUNDED RESEARCH PROJECTS (158 RESEARCH PROJECTS) 4312261 287945 1106088 PUBLIC SERVICE: INSTITUTIONALLY, PRIVATELY, AND GOVERNMENT FUNDED SERVICE PROJECTS (94 PUBLIC SERVICE PROJECTS) 4312261 287945 1106088 160927363 1 1 0 0 0 0 1 1 0 1 1 1 0 0 1 1 1 0 1 1 1 1 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 1 7975 0 1 3648 1 1 1 1 CA GH HU 0 0 0 1 1 0 0 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 X X BARBARA BOERS 6165267999 3201 BURTON STREET SE GRAND RAPIDS MI 49546 REV PETER AVILES BOARD MEMBER 1 0 X 0 0 0 MR WILLIAM BOER BOARD MEMBER 1 0 X 0 0 0 MRS MARY BONNEMA BOARD MEMBER 1 0 X 0 0 0 MR R SCOTT BOOT BOARD MEMBER 1 0 X 0 0 0 DR PHILIP BRONDSEMA BOARD MEMBER 1 0 X 0 0 0 DR DAVID COK BOARD MEMBER 1 0 X 0 0 0 MR MICHAEL DENBLEYKER BOARD MEMBER 1 0 X 0 0 0 DR RANDALL ENGLE BOARD MEMBER 1 0 X 0 0 0 MR THOMAS GEELHOED BOARD MEMBER 1 0 X 0 0 0 MRS WENDY GRANGER HOFMA 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 MARJORIE HOOGEBOOM BOARD MEMBER 1 0 X 0 0 0 MR WILLIAM KATT BOARD MEMBER 1 0 X 0 0 0 REV MICHAEL KOETJE BOARD MEMBER 1 0 X 0 0 0 MR DANIEL MEESTER BOARD MEMBER 1 0 X 0 0 0 MR THOMAS NOBEL BOARD MEMBER 1 0 X 0 0 0 MS RUTH PALMA BOARD MEMBER 1 0 X 0 0 0 MR SCOTT SPOELHOF BOARD MEMBER 1 0 X 0 0 0 DR WYTSE VAN DIJK BOARD MEMBER 1 0 X 0 0 0 MR DAVID VAN RANDWYK BOARD MEMBER 1 0 X 0 0 0 DR LAURENS VANDERGRIFT BOARD MEMBER 1 0 X 0 0 0 MR RAY VANDERKOOI BOARD MEMBER 1 0 X 0 0 0 MRS ANDREW VANKOOTEN BOARD MEMBER 1 0 X 0 0 0 DR JACK VELTKAMP BOARD MEMBER 1 0 X 0 0 0 MR DALE VENHUIZEN BOARD MEMBER 1 0 X 0 0 0 MRS PAULA WIGBOLDY 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 0 0 0 MS CHRISTINE METZGER SECRETARY 4 0 X X 0 0 0 DR MICHAEL LE ROY PRESIDENT 40 0 X 387363 0 53620 DR CHERYL BRANDSEN PROVOST 40 0 X 153702 0 36914 SALLY VANDERPLOEG VICE PRESIDENT 40 0 X 162561 0 32781 RUSSELL BLOEM VICE PRESIDENT 40 0 X 127609 0 57925 CYNTHIA KOK VICE PRESIDENT 40 0 X 114518 0 18855 KENNETH ERFFMEYER VICE PRESIDENT 40 0 X 141650 0 73911 ROBERT BERKHOF SR ASSOC TO THE PRESIDENT 40 0 X 115591 0 28089 PHILLIP BEEZHOLD DIRECTOR PHYSICAL PLANT 40 0 X 121912 0 77874 JOEL DEBRUIN DIRECTOR OF FINANCE 40 0 X 110965 0 46817 TODD HUBERS VICE PRESIDENT 40 0 X 121965 0 42952 BRIAN PAIGE ASSOCIATE VICE PRESIDENT OF IT 40 0 X 108643 0 34976 DR SHIRLEY HOOGSTRA VICE PRESIDENT 40 0 X 97679 0 35754 1764158 0 540468 12 1 1 0 CREATIVE DINING SERVICES 1 ROYAL PARK DRIVE SUITE 3 ZEELAND MI 49464 FOOD SERVICE 9373326 SUPERIOR ASHPHALT 669 CENTURY SW GRAND RAPIDS MI 49503 REPAIR 518668 WITTE TRAVEL 3250 28TH STREET SE GRAND RAPIDS MI 49512 TRAVEL 488552 MIDWEST COLLABORATIVE FOR LIBRARY 6810 SOUTH CEDAR STREET LANSING MI 48911 LIBRARY 470883 ELLUCIAN 4375 FAIR LAKES COURT FAIRFAX VA 22033 SOFTWARE 360537 64 0 0 0 0 2459266 20864140 1137290 23323406 TUITION AND FEES 611310 113985218 113985218 0 0 SALES AND SERVICE AUXILLARY 721000 25391341 23372827 1725205 293309 ANCILLARY ACTIVITIES 611710 6146149 6146149 0 0 0 0 0 0 145522708 2429140 0 -92470 2521610 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 50827011 0 46721851 0 4105160 0 4105160 0 0 4105160 0 0 175380414 143504194 1632735 6920079 561469 561469 43001102 43001102 962071 962071 0 0 1500025 639614 669061 191350 0 0 0 0 51464561 48190930 1651165 1622466 4021597 3748532 139180 133885 11492689 10644651 453449 394589 3610932 3319178 162612 129142 17841 17841 0 0 124841 20004 104837 0 149626 38906 110720 0 0 0 0 0 3945 3945 148793 0 148793 0 1895564 1870785 2950 21829 671487 602048 23062 46377 4117850 3744184 96045 277621 985422 911001 41177 33244 0 0 0 0 15238872 15078667 73995 86210 5312313 4913229 250120 148964 0 0 0 0 1578786 1353453 69344 155989 40771 40771 0 0 0 0 0 0 6584063 6536021 22646 25396 201291 53409 147882 0 CAMPUS STORE PURCHASES 1655418 1655418 0 0 CONTRACTED GOODS AND SERVICES 2669623 2626213 43410 0 FOOD CONTRACT 8474133 8431364 37016 5753 BOOKS AND PERIODICALS 1265265 1265265 0 0 885440 701237 109335 74868 168635790 160927363 4356799 3351628 10194968 27033190 0 0 12497435 7365334 5995708 6086313 0 0 0 0 0 0 555368 0 0 0 296970505 85081984 221170396 211888521 74468150 76697899 136460117 126700819 7136755 7072090 0 0 2347222 2411590 470826119 465255756 11319621 12337966 0 0 1968833 2885752 96000000 78000000 0 0 0 0 0 0 19788967 29436714 51620601 49557494 180698022 172217926 X 148981588 153827128 50019092 44142498 91127417 95068204 290128097 293037830 470826119 465255756 X 6744624 -2700563 0 0 0 -1134328 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 12.3 0 0 0 1 0 0 0 0 0 0 X X X X X INSTRUCTIONAL 0 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 93973281 5244431 17057745 2414500 2636000 95300 111129657 0.13 0.72 0.15 1 0 6608122 0 6608122 229743756 0 45175908 184567848 639919 0 0 639919 59978708 0 39906076 20072632 0 0 0 0 211888521 0 F 0 F GROWTH 1521032 F INTERNATIONAL GROWTH 2983361 F FIXED INCOME 43765929 F HEDGE 22385992 F MONEY MARKET 183416 F NATURAL RESOURCES 5049912 F ALTERNATIVES 46242541 F REAL ESTATE 1092008 F SERVICES 2768480 F CERTIFICATES OF DEPOSIT 211015 C LAND, REAL ESTATE, AND OTHER 85000 C NOTES RECEIVABLE 394591 C OTHER 17542 C 126700819 0 ACCRUED POST RETIREMENT HEALTH BENEFITS 12600270 TUITION GIFT CERTIFICATES 3747572 ANNUITY CONTRACTS AND TRUST FUNDS HELD 6281902 FAIR VALUE OF INTEREST RATE SWAP AGREEMENT 20685751 FEDERAL PERKINS LOAN ADVANCES 6241999 49557494 X 120335913 -2700563 0 0 -43811108 -46511671 166847584 148793 8384037 8532830 175380414 124675889 0 0 0 0 0 124675889 148793 43811108 43959901 168635790 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 PRIMARY SOURCES IN BOOK FORM. IN ADDITION TO THE BOOKS, THE CENTER HAS SEVERAL THOUSAND 16TH CENTURY WORKS ON MICROFICHE. THE HEKMAN LIBRARY RARE BOOK COLLECTION CONTAINS ABOUT 5,000 ITEMS FOCUSING ESPECIALLY ON 16TH-18TH CENTURY EUROPEAN HISTORY AND THEOLOGY. HERITAGE HALL HAS 10,000 FEET OF MANUSCRIPT RECORDS WHICH DOCUMENTS THE HISTORY OF THE DUTCH IN NORTH AMERICA SINCE THE 1840'S. THE PERMANENT COLLECTION OF ARTWORK MAINTAINS A COLLECTION OF NEARLY 1,600 WORKS OF ART THAT DATE FROM THE 1500'S TO THE PRESENT. MOST OF THE EARLY WORKS IS OF EUROPEAN ORIGIN, WHILE THE MOST RECENT WORKS ARE PRIMARILY AMERICAN, WITH AN EMPHASIS ON COLLEGE ALUMNI, FACULTY, AND STUDENTS, AS WELL AS REGIONAL ARTISTS. 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 PIECES 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 X, Line 2 ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE COLLEGE AND RECOGNIZE A TAX LIABILITY IF THE COLLEGE HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE COLLEGE AND HAS CONCLUDED THAT AS OF JUNE 30, 2015 AND 2014, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. Schedule D, Part XI, Line 2d FINANCIAL AID = ($43,811,108) Schedule D, Part XI, Line 4b INVESTMENT INCOME REFLECTED AS NON-OPERATING IN AUDITED FINANCIAL STATEMENT = $235,171 AND PRIVATE GIFTS AND GRANTS REFLECTED AS NON-OPERATING IN THE AUDITED FINANCIAL STATEMENTS = $8,148,866 Schedule D, Part XII, Line 4b FINANCIAL AID = $43,811,108 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 360236 East Asia and the Pacific 1 2 Program Services INSTRUCTIONAL 376297 Europe (including Iceland and Greenland) 0 5 Program Services INSTRUCTIONAL 1606157 North America (including Canada and Mexico, but not the United States) 0 0 Program Services INSTRUCTIONAL 39115 South America 0 1 Program Services INSTRUCTIONAL 480748 Sub-Saharan Africa 1 2 Program Services INSTRUCTIONAL 309006 3 15 3171559 Europe (including Iceland and Greenland) RESEARCH GRANT 60000 WIRE TRANSFER 0 North America (including Canada and Mexico, but not the United States) PUBLIC SERVICE 31476 CHECK 0 Sub-Saharan Africa PUBLIC SERVICE 20000 WIRE TRANSFER 0 8 0 INSTITUTIONAL ACADEMIC AID Central America and the Caribbean 17 96963 CHARGES AGAINST BALANCE OWED 0 INSTITUTIONAL ACADEMIC AID East Asia and the Pacific 26 148363 CHARGES AGAINST OWED BALANCE 0 INSTITUTIONAL ACADEMIC AID Europe (including Iceland and Greenland) 117 436844 CHARGES AGAINST OWED BALANCE 0 INSTITUTIONAL ACADEMIC AID Middle East and North Africa 2 4000 CHARGES AGAINST OWED BALANCE 0 INSTITUTIONAL ACADEMIC AID South America 17 93825 CHARGES AGAINST OWED BALANCE 0 INSTITUTIONAL ACADEMIC AID Sub-Saharan Africa 14 70600 CHARGES AGAINST OWED BALANCE 0 1 0 0 0 0 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). 1 Archdiocese of Los Angeles 3424 Wilshire Blvd Los Angeles CA 900102241 530196617 501(c)(3) 7500 WORSHIP RENEWAL Avon Lake United Church of Christ 32801 Electric Blvd Avon Lake OH 44012 340871659 501(c)(3) 5275 WORSHIP RENEWAL Azusa Pacific University PO Box 7000 Azusa CA 917027000 951744369 501(c)(3) 5213 WORSHIP RENEWAL Beacon 2364 E Cumberland St Philadelphia PA 19125 202760310 501(c)(3) 6000 WORSHIP RENEWAL Belmont University 1900 Belmont Blvd Nashville TN 37212 620465076 501(c)(3) 7150 WORSHIP RENEWAL Bridge Street AME Church 277 Stuyvesant Ave Brooklyn NY 112211699 111797164 501(c)(3) 6000 WORSHIP RENEWAL Central Presbyterian Church 201 Washington St SW Atlanta GA 30303 580566154 501(c)(3) 5357 WORSHIP RENEWAL Christian Theological Seminary 1000 W 42nd St Indianapolis IN 46208 351045939 501(c)(3) 6500 WORSHIP RENEWAL Church of All Nations 4301 Benjamin St NE Columbia Heights MN 55421 800082987 501(c)(3) 6000 WORSHIP RENEWAL Coastland Commons 3 Howe St Seattle WA 98109 910646776 501(c)(3) 6000 WORSHIP RENEWAL Ebenezer UMC 2001 NW 35th St Miami FL 331425425 591174326 501(c)(3) 7500 WORSHIP RENEWAL Emmanuel Reformed Church 8303 Alondra Blvd Paramount CA 90723 951750915 501(c)(3) 6000 WORSHIP RENEWAL Fellowship Reformed Church 300 N 168th Ave Holland MI 49424 381919779 501(c)(3) 6450 WORSHIP RENEWAL First Baptist Church of Prineville 450 SE Fairview St Prineville OR 97754 930502729 501(c)(3) 5100 WORSHIP RENEWAL First Christian Church of Orange 1130 E Walnut Orange CA 92867 952005833 501(c)(3) 5500 WORSHIP RENEWAL First Congregational United Church of Christ 107 N Euclid Lake Helen FL 32744 596195447 501(c)(3) 5150 WORSHIP RENEWAL Glen Ellyn Evangelical Covenant Church 277 Hawthorne St Glen Ellyn IL 60137 363153537 501(c)(3) 6250 WORSHIP RENEWAL Hillcrest Christian Church 3000 S Race St Denver CO 80210 382051351 501(c)(3) 6000 WORSHIP RENEWAL Institute for Prison Ministries Wheaton College 500 College Ave Wheaton IL 60187 362182171 501(c)(3) 5994 WORSHIP RENEWAL Jeff St Bapist Communit At Liberty 800 E Liberty St Louisville KY 40204 611206312 501(c)(3) 6000 WORSHIP RENEWAL Lakewood Baptist Church 14321 Detroit Ave Lakewood OH 44107 340726098 501(c)(3) 6000 WORSHIP RENEWAL Light of Hope Presbyterian Church 1507 Hurt Rd Marietta GA 30008 236393377 501(c)(3) 5717 WORSHIP RENEWAL Luther Place Memorial Church 1226 Vermont Ave NW Washington DC 20005 530222329 501(c)(3) 5113 WORSHIP RENEWAL Mayfield Central Presbyterian Churc 22 N Main St PO Box 432 Mayfiled NY 12117 146022419 501(c)(3) 5985 WORSHIP RENEWAL North Atlanta District of the AME Church 5704 Greenridge Ct Lithonia GA 30058 530204696 501(c)(3) 7500 WORSHIP RENEWAL North West Lower Michigan Synod 2900 N Waverly Rd Lansing MI 48906 363514248 501(c)(3) 6000 WORSHIP RENEWAL Pinnacle Presbyterian 25150 N Pima Rd Scottsdale AZ 85255 890708287 501(c)(3) 6000 WORSHIP RENEWAL Rainbow Mennonite Church 1444 Southwest Blvd Kansas City KS 66103 450564355 501(c)(3) 6000 WORSHIP RENEWAL Raymond Village Community Church PO Box 285 Raymond ME 04071 010412239 501(c)(3) 6000 WORSHIP RENEWAL Resurrection United Methodist Church 5715 West 63rd Place Chicago IL 60638 382820245 501(c)(3) 5500 WORSHIP RENEWAL Robbinsdale United Church of Christ 4200 Lake Rd Robbinsdale MN 55422 410695586 501(c)(3) 5125 WORSHIP RENEWAL South Congregational Church 565 Main St Centerville MA 02632 042491755 501(c)(3) 6000 WORSHIP RENEWAL St Andrews Episcopal Church 2015 Glenarm Denver CO 80205 980265700 501(c)(3) 6000 WORSHIP RENEWAL The 12 Foundation Inc 135 Comstock Hill Rd New Canaan CT 06840 464454335 501(c)(3) 6000 WORSHIP RENEWAL The Light at Bare Bulb Coffee 1117 Highway 96 Ste 100 Kathleen GA 31047 800407294 501(c)(3) 6000 WORSHIP RENEWAL Trinity Presbyterian Church 3101 Fontaine Ave Extended Charlottesville VA 22903 541035987 501(c)(3) 6592 WORSHIP RENEWAL University Congregational United Church of Christ 4515 16th Ave NE Seattle WA 98105 910573111 501(c)(3) 7500 WORSHIP RENEWAL Virginia Theological Seminary 3737 Seminary Rd Alexandria VA 22304 541096929 501(c)(3) 7500 WORSHIP RENEWAL Azusa Pacific University 901 E Alosta Avenue Azusa CA 91702 951744369 501(c)(3) 14100 RESEARCH Center for Theology and the Natural Sciences 2400 Ridge Road Berkeley CA 94709 942856737 501(c)(3) 59654 RESEARCH Messiah College One College Avenue Mechanicsburg PA 17055 231352661 501(c)(3) 16093 RESEARCH New York University 70 Washington Square South New York NY 10012 135562308 501(c)(3) 44835 RESEARCH Northwest Nazarene University 623 S University Blvd Nampa ID 83686 820200907 501(c)(3) 60000 RESEARCH Saginaw Valley State Univ 7400 Bay Road University Center MI 48710 381798800 501(c)(3) 24657 RESEARCH Samford University 800 Lakeshore Drive Birmingham AL 35229 630312914 501(c)(3) 50985 RESEARCH Stonehill College 320 Washington Street North Easton MA 02357 042104229 501(c)(3) 59675 RESEARCH 47 0 INSTITUTIONAL ACADEMIC AID 3821 42269131 0 FINANCIAL AID MADE AVAILABLE TO STUDENTS AS ASSISTANCE TO PURSUE ACADEMIC STUDIES. Schedule I, 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 1 1 X X X X X 0 0 0 0 0 0 0 0 0 DR MICHAEL LE ROY PRESIDENT 387363 0 0 0 0 0 30867 0 23725 0 441955 0 0 0 DR CHERYL BRANDSEN PROVOST 153702 0 0 0 0 0 13756 0 23892 0 191350 0 0 0 SALLY VANDERPLOEG VICE PRESIDENT 162561 0 0 0 0 0 15344 0 18305 0 196210 0 0 RUSSELL BLOEM VICE PRESIDENT 127609 0 0 0 0 0 13199 0 45451 0 186259 0 0 0 KENNETH ERFFMEYER VICE PRESIDENT 141650 0 0 0 0 0 14072 0 60596 0 216318 0 0 0 PHILLIP BEEZHOLD DIRECTOR PHYSICAL PLANT 121912 0 0 0 0 0 11161 0 67457 0 200530 0 0 0 TODD HUBERS VICE PRESIDENT 121965 0 0 0 0 0 11735 0 31888 0 165588 0 0 0 JOEL DEBRUIN DIRECTOR OF FINANCE 110965 0 0 0 0 0 11561 0 35920 0 158446 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 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 1 1 1 0 0 0 0 A 0 Schedule K, Part I, Column c-06/18/2012 96,000,000 MICHIGAN FINANCE AUTHORITY THERE IS NO CUSIP NUMBER FOR THE BONDS DATED JUNE 18, 2012. 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 2007A, 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 ACQUISITION, CONSTRUCTION, INSTALLATION, RENOVATION, REPAIR, FURNISHING AND EQUIPPING OF EDUCATION 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 2-06/18/2012 96,000,000 MICHIGAN FINANCE AUTHORITY SEE EXPLANATION ABOVE FOR SCHEDULE K, PART III, LINE 1. Schedule K, Part III, Line 3a-06/18/2012 96,000,000 MICHIGAN FINANCE AUTHORITY SEE EXPLANATION ABOVE FOR SCHEDULE K, PART III, LINE 1. Schedule K, Part III, Line 3b-06/18/2012 96,000,000 MICHIGAN FINANCE AUTHORITY SEE EXPLANATION ABOVE FOR SCHEDULE K, PART III, LINE 1. Schedule K, Part III, Line 3c-06/18/2012 96,000,000 MICHIGAN FINANCE AUTHORITY SEE EXPLANATION ABOVE FOR SCHEDULE K, PART III, LINE 1. Schedule K, Part III, Line 3d-06/18/2012 96,000,000 MICHIGAN FINANCE AUTHORITY SEE EXPLANATION ABOVE FOR SCHEDULE K, PART III, LINE 1. Schedule K, Part III, Line 4-06/18/2012 96,000,000 MICHIGAN FINANCE AUTHORITY SEE EXPLANATION ABOVE FOR SCHEDULE K, PART III, LINE 1. Schedule K, Part III, Line 5-06/18/2012 96,000,000 MICHIGAN FINANCE AUTHORITY SEE EXPLANATION ABOVE FOR SCHEDULE K, PART III, LINE 1. Schedule K, Part III, Line 6-06/18/2012 96,000,000 MICHIGAN FINANCE AUTHORITY SEE EXPLANATION ABOVE FOR SCHEDULE K, PART III, LINE 1. Schedule K, Part III, Line 7-06/18/2012 96,000,000 MICHIGAN FINANCE AUTHORITY SEE EXPLANATION ABOVE FOR SCHEDULE K, PART III, LINE 1. Schedule K, Part III, Line 8a-06/18/2012 96,000,000 MICHIGAN FINANCE AUTHORITY SEE EXPLANATION ABOVE FOR SCHEDULE K, PART III, LINE 1. Schedule K, Part III, Line 8b-06/18/2012 96,000,000 MICHIGAN FINANCE AUTHORITY SEE EXPLANATION ABOVE FOR SCHEDULE K, PART III, LINE 1. Schedule K, Part III, Line 8c-06/18/2012 96,000,000 MICHIGAN FINANCE AUTHORITY SEE EXPLANATION ABOVE FOR SCHEDULE K, PART III, LINE 1. Schedule K, Part III, Line 9-06/18/2012 96,000,000 MICHIGAN FINANCE AUTHORITY SEE EXPLANATION ABOVE FOR SCHEDULE K, PART III, LINE 1. 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 52 618323 MEAN MARKET VALUE X 2 490204 APPRAISED VALUE X 1 0 0 X 5 0 0 X EQUIPMENT 1 7500 COST X SUPPLIES 26 4371 COST X TUITION GIFT CERTIFICATES 2 16892 FAIR MARKET VALUE 6 0 1 0 Schedule M, Part I, Line 33 THE COLLEGE DOES NOT CAPITALIZE COLLECTIONS, INCLUDING ART WORK 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 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, COMMENT, AND REVISION PRIOR TO ELECTRONIC FILING. THE REVIEW IS RATIFIED AT THE NEXT AUDIT COMMITTEE MEETING AND REPORTED TO THE FULL BOARD. Form 990, Part VI, Section B, Line 12c EACH YEAR, THE BOARD MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT AND DISCLOSE ANY CONFLICTS. THE DOCUMENT IS REVIEWED AND APPROVED BY THE AUDIT COMMITTEE. THE ROLE OF THE AUDIT COMMITTEE IS TO ESTABLISH FORMAL RISK-MANAGEMENT PROGRAMS FOR FINANCE, COMPLIANCE, AND REPUTATIONAL RISKS. THIS INCLUDES BUT NOT LIMITED TO AN ANNUAL REPORT OF OUTSTANDING AND RESOLVED LITIGATION, REPORTS PERTAINING TO MAJOR FINANCIAL RISKS, THE INSTITUTION'S RISK MANAGEMENT ACTIVITIES, AND REPORTS OF THE INSTITUTION'S COMPLIANCE OFFICER(S), INCLUDING SUMMARIES OF CONFLICTS OF INTEREST. THE SIGNED DOCUMENTS ARE REVIEWED BY THE VICE PRESIDENT OF ADMINISTRATION AND FINANCE ON AN ANNUAL BASIS. 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 GATHERED USING DATA FROM THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES (CUPA) ON-DEMAND SERVICE. IT WAS RECOMMENDED THE COLLEGE GET A FRESH VIEW OF EXECUTIVE COMPENSATION EVERY THREE TO FIVE YEARS THROUGH AN INDEPENDENT CONSULTANT. Form 990, Part VI, Section C, Line 19 AVAILABLE UPON REQUEST. Form 990, Part XI, Line 9 ADJUSTMENT TO PRIOR SERVICE COST AND ACTUARIAL LIABILITY FOR RETIREE HEALTH PLAN = ($102,920), CHANGES IN THE VALUE OF SPLIT INTEREST AGREEMENTS = ($86,208), AND CHANGES IN THE VALUE OF INTEREST RATE SWAP AGREEMENTS = ($945,200). COACH HOMES IN THE WOODS LLC 3201 BURTON STREET SE GRAND RAPIDS MI 495464301 760811945 RESIDENTIAL APARTMENTS MI 1203 0 N/A WEYHILL 3201 BURTON STREET SE GRAND RAPIDS MI 495464301 260410324 CLASS A COMMERCIAL OFFICES MI 292106 0 N/A