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      <TotRevenueEtcAuditedFinclStmt>6911273</TotRevenueEtcAuditedFinclStmt>
      <NetUnrealizedGainsInvestments>-1590617</NetUnrealizedGainsInvestments>
      <DonatedSrvcAndUseOfFacilities>0</DonatedSrvcAndUseOfFacilities>
      <RecoveriesOfPriorYearGrants>0</RecoveriesOfPriorYearGrants>
      <OtherRevenues>-20552</OtherRevenues>
      <RevenueNotRptdF990>-1611169</RevenueNotRptdF990>
      <RevenueSubtotal>8522442</RevenueSubtotal>
      <InvestmentExpensesNotIncluded>0</InvestmentExpensesNotIncluded>
      <OtherRevenuesNotIncluded>1316756</OtherRevenuesNotIncluded>
      <RevenueNotRptdOnFinStmt>1316756</RevenueNotRptdOnFinStmt>
      <TotalRevenuePerForm990>9839198</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>9260952</TotExpensesEtcAuditedFinclStmt>
      <DonatedServicesUseOfFacilities>0</DonatedServicesUseOfFacilities>
      <PriorYearAdjustments>0</PriorYearAdjustments>
      <LossesReported>0</LossesReported>
      <OtherExpensesIncluded>0</OtherExpensesIncluded>
      <ExpensesNotRptdF990>0</ExpensesNotRptdF990>
      <ExpensesSubtotal>9260952</ExpensesSubtotal>
      <InvestmentExpensesNotIncluded2>0</InvestmentExpensesNotIncluded2>
      <OtherExpensesNotIncluded>1316756</OtherExpensesNotIncluded>
      <ExpensesNotRptdOnFinStmt>1316756</ExpensesNotRptdOnFinStmt>
      <TotalExpensesPerForm990>10577708</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIV>
        <Identifier>SchD_P05_S00_L04</Identifier>
        <ReturnReference>Schedule D, Part V, Line 4</ReturnReference>
        <Explanation>The Seminary holds endowed funds for the purposes of funding: scholarships, research programs, plant maintenance, faculty chairs and other donor-designated or board-designated restricted purposes.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>SchD_P10_S00_L02</Identifier>
        <ReturnReference>Schedule D, Part X, Line 2</ReturnReference>
        <Explanation>Annuity agreements represent the present value of the estimated payments and is recorded as a liability at the inception of the agreement. Federal Perkins loan advances (for students) from the US government are recorded as a liability.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>SchD_P11_S00_L08</Identifier>
        <ReturnReference>Schedule D, Part XI, Line 8</ReturnReference>
        <Explanation>Changes in value of split interest agreements.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>SchD_P12_S00_L02d</Identifier>
        <ReturnReference>Schedule D, Part XII, Line 2d</ReturnReference>
        <Explanation>Changes in value of split interest agreements.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>SchD_P12_S00_L04b</Identifier>
        <ReturnReference>Schedule D, Part XII, Line 4b</ReturnReference>
        <Explanation>Audited statements reflect revenues net of tuition financial aid of $1,182,883 and housing financial aid of $133,873. On the 990, the financial aid is reflected on schedule XI as program grants and other assistance to individuals inside and outside the United States (and also reflected on schedules I and F, respectively).</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>SchD_P13_S00_L04b</Identifier>
        <ReturnReference>Schedule D, Part XIII, Line 4b</ReturnReference>
        <Explanation>Audited statements reflect revenues net of tuition financial aid of $1,182,883 and housing financial aid of $133,873. On the 990, the financial aid is reflected on schedule XI as program grants and other assistance to individuals inside and outside the United States (and also reflected on schedules I and F, respectively).</Explanation>
      </Form990ScheduleDPartXIV>
    </IRS990ScheduleD>
    <IRS990ScheduleE documentId="R000005" softwareId="11000129" softwareVersion="v1.00">
      <NondiscriminatoryPolicyStmt>1</NondiscriminatoryPolicyStmt>
      <PolicyStatementInBrochuresEtc>1</PolicyStatementInBrochuresEtc>
      <PolicyPublViaBroadcastMedia>1</PolicyPublViaBroadcastMedia>
      <MaintRacialCompositionRecords>1</MaintRacialCompositionRecords>
      <MaintScholarshipsRecords>1</MaintScholarshipsRecords>
      <MaintCopiesOfBrochuresEtc>1</MaintCopiesOfBrochuresEtc>
      <MaintCopiesOfAllSolicitations>1</MaintCopiesOfAllSolicitations>
      <DiscriminateRaceStudentsRights>0</DiscriminateRaceStudentsRights>
      <DiscriminateRaceAdmissPolicies>0</DiscriminateRaceAdmissPolicies>
      <DiscriminateRaceEmplmnFaculty>0</DiscriminateRaceEmplmnFaculty>
      <DiscriminateRaceScholarships>0</DiscriminateRaceScholarships>
      <DiscriminateRaceEducPolicies>0</DiscriminateRaceEducPolicies>
      <DiscriminateRaceUseOfFclts>0</DiscriminateRaceUseOfFclts>
      <DiscriminateRaceAthleticProg>0</DiscriminateRaceAthleticProg>
      <DiscriminateRaceOtherActy>0</DiscriminateRaceOtherActy>
      <GovernmentFinancialAidReceived>1</GovernmentFinancialAidReceived>
      <GovernmentFinancialAidRevoked>0</GovernmentFinancialAidRevoked>
      <ComplianceWithRevProc7550>1</ComplianceWithRevProc7550>
      <Form990ScheduleEPartII>
        <Identifier>SchE_P01_S00_L00</Identifier>
        <ReturnReference>Schedule E, Part I</ReturnReference>
        <Explanation>Calvin Theological Seminary is the sole Seminary for the denomination of the Christian Reformed Church in North America.</Explanation>
      </Form990ScheduleEPartII>
      <Form990ScheduleEPartII>
        <Identifier>SchE_P01_S00_L03</Identifier>
        <ReturnReference>Schedule E, Part I, Line 3</ReturnReference>
        <Explanation>All published ads have a non-discrimination policy statement. The policy is also on our application for admission.</Explanation>
      </Form990ScheduleEPartII>
      <Form990ScheduleEPartII>
        <Identifier>SchE_P01_S00_L06</Identifier>
        <ReturnReference>Schedule E, Part I, Line 6</ReturnReference>
        <Explanation>The Seminary distributes subsidized and unsubsidized Stafford loans to our students.</Explanation>
      </Form990ScheduleEPartII>
    </IRS990ScheduleE>
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      <GrantRecordsMaintained>1</GrantRecordsMaintained>
      <AcctsActvsOutUSTable>
        <Region>East Asia and the Pacific</Region>
        <NumberOfOffices>0</NumberOfOffices>
        <NumberOfEmployees>0</NumberOfEmployees>
        <TypeOfActivitiesConducted>Grantmaking</TypeOfActivitiesConducted>
        <SpecificServicesProvided>Scholarship winners and travel reimbursement for two students.</SpecificServicesProvided>
        <TotalExpenditures>1983</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>East Asia and the Pacific</Region>
        <NumberOfOffices>0</NumberOfOffices>
        <NumberOfEmployees>0</NumberOfEmployees>
        <TypeOfActivitiesConducted>Speaking at Seminars or Conferences</TypeOfActivitiesConducted>
        <SpecificServicesProvided>Conference speaker and travel reimbursement</SpecificServicesProvided>
        <TotalExpenditures>6156</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>East Asia and the Pacific</Region>
        <NumberOfOffices>0</NumberOfOffices>
        <NumberOfEmployees>0</NumberOfEmployees>
        <TypeOfActivitiesConducted>Program Services</TypeOfActivitiesConducted>
        <SpecificServicesProvided>Refund of student deposits held after separation from the Seminary.</SpecificServicesProvided>
        <TotalExpenditures>874</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>Europe (including Iceland and Greenland)</Region>
        <NumberOfOffices>0</NumberOfOffices>
        <NumberOfEmployees>0</NumberOfEmployees>
        <TypeOfActivitiesConducted>Speaking at Seminars or Conferences</TypeOfActivitiesConducted>
        <SpecificServicesProvided>Travel reimbursement, scholarship awards and conference speaking fees for 13 people.</SpecificServicesProvided>
        <TotalExpenditures>22544</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>Europe (including Iceland and Greenland)</Region>
        <NumberOfOffices>0</NumberOfOffices>
        <NumberOfEmployees>0</NumberOfEmployees>
        <TypeOfActivitiesConducted>Program Services</TypeOfActivitiesConducted>
        <SpecificServicesProvided>Honorarium for reading Ph.D. dissertation.</SpecificServicesProvided>
        <TotalExpenditures>1000</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>North America (including Canada and Mexico, but not the United States)</Region>
        <NumberOfOffices>0</NumberOfOffices>
        <NumberOfEmployees>0</NumberOfEmployees>
        <TypeOfActivitiesConducted>Conducting Board Meetings</TypeOfActivitiesConducted>
        <SpecificServicesProvided>Travel reimbursement to attend board meetings and inauguration of our new president.</SpecificServicesProvided>
        <TotalExpenditures>2571</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>North America (including Canada and Mexico, but not the United States)</Region>
        <NumberOfOffices>0</NumberOfOffices>
        <NumberOfEmployees>0</NumberOfEmployees>
        <TypeOfActivitiesConducted>Program Services</TypeOfActivitiesConducted>
        <SpecificServicesProvided>Honoraria and travel reimbursement for program administration, cross-cultural internship. Advertising, memberships, student reimbursements, employee recruitment</SpecificServicesProvided>
        <TotalExpenditures>22828</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>North America (including Canada and Mexico, but not the United States)</Region>
        <NumberOfOffices>0</NumberOfOffices>
        <NumberOfEmployees>0</NumberOfEmployees>
        <TypeOfActivitiesConducted>Speaking at Seminars or Conferences</TypeOfActivitiesConducted>
        <SpecificServicesProvided>Bavinck Conference or Templeton Program participation (panel, speaker, administrator) honoraria and travel reimbursements.</SpecificServicesProvided>
        <TotalExpenditures>24048</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>South America</Region>
        <NumberOfOffices>0</NumberOfOffices>
        <NumberOfEmployees>0</NumberOfEmployees>
        <TypeOfActivitiesConducted>Speaking at Seminars or Conferences</TypeOfActivitiesConducted>
        <SpecificServicesProvided>Speaking honorarium and travel reimbursement for 1 person.</SpecificServicesProvided>
        <TotalExpenditures>2129</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <TotalNumberOfOffices>0</TotalNumberOfOffices>
      <TotalNumberOfEmployees>0</TotalNumberOfEmployees>
      <TotalAmountSpent>84133</TotalAmountSpent>
      <GrantsToOrgsOutsideUS>
        <Region>North America (including Canada and Mexico, but not the United States)</Region>
        <PurposeOfGrant>Hosting facility for a regional seminar.</PurposeOfGrant>
        <AmountOfCashGrant>6250</AmountOfCashGrant>
        <MannerOfCashDisbursement>Demand instrument</MannerOfCashDisbursement>
        <AmountOfNonCashAssistance>0</AmountOfNonCashAssistance>
        <MethodOfValuation>Cash</MethodOfValuation>
      </GrantsToOrgsOutsideUS>
      <GrantsToOrgsOutsideUS>
        <Region>North America (including Canada and Mexico, but not the United States)</Region>
        <PurposeOfGrant>Tuition scholarship for Ph.D. student supported by the Center for Excellence in Preaching</PurposeOfGrant>
        <AmountOfCashGrant>6000</AmountOfCashGrant>
        <MannerOfCashDisbursement>Demand instrument</MannerOfCashDisbursement>
        <AmountOfNonCashAssistance>0</AmountOfNonCashAssistance>
        <MethodOfValuation>Cash</MethodOfValuation>
      </GrantsToOrgsOutsideUS>
      <GrantsToOrgsOutsideUS>
        <Region>North America (including Canada and Mexico, but not the United States)</Region>
        <PurposeOfGrant>Membership fees to Christian Stewardship Services.</PurposeOfGrant>
        <AmountOfCashGrant>7720</AmountOfCashGrant>
        <MannerOfCashDisbursement>Demand instrument</MannerOfCashDisbursement>
        <AmountOfNonCashAssistance>0</AmountOfNonCashAssistance>
        <MethodOfValuation>Cash</MethodOfValuation>
      </GrantsToOrgsOutsideUS>
      <TotalNumberOf501c3Orgs>9</TotalNumberOf501c3Orgs>
      <TotalNumberOfOtherOrgs>5</TotalNumberOfOtherOrgs>
      <GrantsToIndOutsideUS>
        <TypeOfAssistance>Excess of student loans over tuition and rent charges</TypeOfAssistance>
        <Region>North America (including Canada and Mexico, but not the United States)</Region>
        <NumberOfRecipients>2</NumberOfRecipients>
        <AmountOfCashGrant>16497</AmountOfCashGrant>
        <MannerOfCashDisbursement>Demand instrument</MannerOfCashDisbursement>
        <AmountOfNonCashAssistance>0</AmountOfNonCashAssistance>
        <MethodOfValuation>Cash</MethodOfValuation>
      </GrantsToIndOutsideUS>
      <GrantsToIndOutsideUS>
        <TypeOfAssistance>Honoraria and travel expense reimbursment.</TypeOfAssistance>
        <Region>East Asia and the Pacific</Region>
        <NumberOfRecipients>1</NumberOfRecipients>
        <AmountOfCashGrant>5100</AmountOfCashGrant>
        <MannerOfCashDisbursement>Demand instrument</MannerOfCashDisbursement>
        <AmountOfNonCashAssistance>0</AmountOfNonCashAssistance>
        <MethodOfValuation>Cash</MethodOfValuation>
      </GrantsToIndOutsideUS>
      <TransferToForeignCorp>0</TransferToForeignCorp>
      <InterestInForeignTrust>0</InterestInForeignTrust>
      <OwnForeignCorp>0</OwnForeignCorp>
      <PassiveForeignInvestCo>0</PassiveForeignInvestCo>
      <ForeignPartnership>0</ForeignPartnership>
      <BoycottCountries>0</BoycottCountries>
      <Form990ScheduleFPartV>
        <Identifier>SchF_P01_S00_L02</Identifier>
        <ReturnReference>Schedule F, Part I, Line 2</ReturnReference>
        <Explanation>For all of our scholarship recipients, the funds are deposited with the degree granting institution for the benefit of the tuition charges incurred by the student. We follow the graduate program progress through reports from the students including major papers or other samplings of their academic work. Ordinarily, the extent of support does not exceed two years. For our grant recipients, funds are primarily disbursed through Seminary graduates acting in their missionary capacity. In some program instances, we also receive reports on the training program, and the site is visited by the program director or designee to review program results and at times to participate in the training events. In the case of cross-cultural internships which are a component of the Ministry Formation M.Div. program and our Master of Arts programs, need is determined by application process, supervisors are interviewed, provided with training and advice, then subsequent to the internship, reports are provided from supervisors on the performance of the student intern, and students also report on the experience and the use of the fund upon return. The Facing Your Future program sends chaperones to accompany participants, who observe the use of funds, then the organizations provide summary of expenses which are reviewed by the program director.</Explanation>
      </Form990ScheduleFPartV>
    </IRS990ScheduleF>
    <IRS990ScheduleG documentId="R000007" softwareId="11000129" softwareVersion="v1.00">
      <PhoneSolicitations>X</PhoneSolicitations>
      <AgreementRefFundraising>1</AgreementRefFundraising>
      <FundraiserActivityInformation>
        <NameOfOrganization>
          <BusinessNameLine1>J Milito &amp; Associates Inc</BusinessNameLine1>
        </NameOfOrganization>
        <AddressUS>
          <AddressLine1>1133 Maplegrove Drive NW</AddressLine1>
          <City>Grand Rapids</City>
          <State>MI</State>
          <ZIPCode>495043837</ZIPCode>
        </AddressUS>
        <Activity>Telephone calling to lapsed donors.</Activity>
        <FundraiserControlOfFunds>0</FundraiserControlOfFunds>
        <GrossReceipts>60652</GrossReceipts>
        <AmountRetainedByContractor>19671</AmountRetainedByContractor>
        <NetToOrganization>40981</NetToOrganization>
      </FundraiserActivityInformation>
      <TotalGrossReceipts>60652</TotalGrossReceipts>
      <TotalRetainedByContractors>19671</TotalRetainedByContractors>
      <TotalNetToOrganization>40981</TotalNetToOrganization>
      <AllStates>All States</AllStates>
      <EventsInformation>
        <NameOfEvent1>Telephone calls made to lapsed donors</NameOfEvent1>
        <GrossReceiptsEvent1>60652</GrossReceiptsEvent1>
        <CharitableContributionsEvent1>0</CharitableContributionsEvent1>
        <GrossRevenueEvent1>60652</GrossRevenueEvent1>
        <CashPrizesEvent1>0</CashPrizesEvent1>
        <NonCashPrizesEvent1>0</NonCashPrizesEvent1>
        <RentFacilityCostsEvent1>0</RentFacilityCostsEvent1>
        <FoodAndBeverageEvent1>0</FoodAndBeverageEvent1>
        <EntertainmentEvent1>0</EntertainmentEvent1>
        <OtherDirectExpensesEvent1>19671</OtherDirectExpensesEvent1>
        <FoodAndBeverageOtherEvents>0</FoodAndBeverageOtherEvents>
        <EntertainmentOtherEvents>0</EntertainmentOtherEvents>
        <GrossReceiptsTotal>60652</GrossReceiptsTotal>
        <CharitableContributionsTotal>0</CharitableContributionsTotal>
        <GrossRevenueTotalEvents>60652</GrossRevenueTotalEvents>
        <CashPrizesTotalEvents>0</CashPrizesTotalEvents>
        <NonCashPrizesTotalEvents>0</NonCashPrizesTotalEvents>
        <RentFacilityCostsTotalEvents>0</RentFacilityCostsTotalEvents>
        <FoodAndBeverageTotalEvents>0</FoodAndBeverageTotalEvents>
        <EntertainmentTotalEvents>0</EntertainmentTotalEvents>
        <OtherDirectExpensesTotalEvents>19671</OtherDirectExpensesTotalEvents>
        <DirectExpenseSummaryEvents>19671</DirectExpenseSummaryEvents>
        <NetIncomeSummary>40981</NetIncomeSummary>
      </EventsInformation>
    </IRS990ScheduleG>
    <IRS990ScheduleI documentId="R000008" softwareId="11000129" softwareVersion="v1.00">
      <RecordsMaintained>1</RecordsMaintained>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>Dutton Christian School</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>6729 Hanna Lake Avenue SE</AddressLine1>
          <City>Grand Rapids</City>
          <State>MI</State>
          <ZIPCode>49316</ZIPCode>
        </AddressUS>
        <EINOfRecipient>381539995</EINOfRecipient>
        <IRCSection>501 (c) (3)</IRCSection>
        <AmountOfCashGrant>10542</AmountOfCashGrant>
        <AmountOfNonCashAssistance>0</AmountOfNonCashAssistance>
        <MethodOfValuation>Cash</MethodOfValuation>
        <DescriptionOfNonCashAssistance>0</DescriptionOfNonCashAssistance>
        <PurposeOfGrant>Scholarship to subsidize tuition for children of M.Div students attending the Seminary.</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>Grand Rapids Christian Schools</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>1812 Sylvan Avenue SE</AddressLine1>
          <City>Grand Rapids</City>
          <State>MI</State>
          <ZIPCode>49506</ZIPCode>
        </AddressUS>
        <EINOfRecipient>381880873</EINOfRecipient>
        <IRCSection>501 (c) (3)</IRCSection>
        <AmountOfCashGrant>62048</AmountOfCashGrant>
        <AmountOfNonCashAssistance>0</AmountOfNonCashAssistance>
        <MethodOfValuation>Cash</MethodOfValuation>
        <DescriptionOfNonCashAssistance>0</DescriptionOfNonCashAssistance>
        <PurposeOfGrant>Scholarship to subsidize tuition for children of M.Div students attending the Seminary.</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>Grandville Christian Schools</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>3934 Wilson Avenue</AddressLine1>
          <City>Grandville</City>
          <State>MI</State>
          <ZIPCode>49418</ZIPCode>
        </AddressUS>
        <EINOfRecipient>381574446</EINOfRecipient>
        <IRCSection>501 (c) (3)</IRCSection>
        <AmountOfCashGrant>5380</AmountOfCashGrant>
        <AmountOfNonCashAssistance>0</AmountOfNonCashAssistance>
        <MethodOfValuation>Cash</MethodOfValuation>
        <PurposeOfGrant>Scholarship to subsidize tuition for children of M.Div students attending the Seminary.</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>Calvin Institute for Christian Worship</BusinessNameLine1>
          <BusinessNameLine2>Calvin College</BusinessNameLine2>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>3201 Burton Street SE</AddressLine1>
          <City>Grand Rapids</City>
          <State>MI</State>
          <ZIPCode>49546</ZIPCode>
        </AddressUS>
        <EINOfRecipient>383071514</EINOfRecipient>
        <IRCSection>501 (c) (3)</IRCSection>
        <AmountOfCashGrant>80000</AmountOfCashGrant>
        <AmountOfNonCashAssistance>0</AmountOfNonCashAssistance>
        <MethodOfValuation>Cash</MethodOfValuation>
        <DescriptionOfNonCashAssistance>0</DescriptionOfNonCashAssistance>
        <PurposeOfGrant>The Center for Excellence in Preaching co-sponsors a worship symposium on the campus.</PurposeOfGrant>
      </RecipientTable>
      <TotalNbrOf501C3AndGovtGrants>4</TotalNbrOf501C3AndGovtGrants>
      <TotalNbrOfOtherOrganizations>0</TotalNbrOfOtherOrganizations>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>Assistance for tuition, housing and living expenses in the form of scholarships and subsidies for students in residence at the Seminary. These awards are deposited directly into the student's tuition account at the Seminary. Forgiveness (of Ministry Incentive Program Loans) is applied directly to the student's loan account.</TypeOfGrant>
        <NumberOfRecipients>283</NumberOfRecipients>
        <AmountOfCashGrant>1449187</AmountOfCashGrant>
        <AmountOfNonCashAssistance>0</AmountOfNonCashAssistance>
        <MethodOfValuation>Cash</MethodOfValuation>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>The Idema Food Pantry is a unique ministry subsidized by the Seminary that offers groceries to needy Seminary students and their families. It is administered by the CTS Student Senate in cooperation with the Dean of Students office and is run by the students and their spouses. http://calvinseminary.edu/community/food-pantry-and-clothing-bank/ Eligibility guidelines are received from the Michigan Emergency Food Assistance Program. Students and their families may use the Idema Food Pantry if their income is below the income eligibility guidelines.</TypeOfGrant>
        <NumberOfRecipients>283</NumberOfRecipients>
        <AmountOfCashGrant>0</AmountOfCashGrant>
        <MethodOfValuation>Cost less student contributions</MethodOfValuation>
        <DescriptionOfNonCashAssistance>Food is bought from the Feeding America West Michigan Food Bank for an average of 16 cents per pound. Each week, approximately $150 is spent to purchase approximately 900 to 1,000 pounds of food. Students and their families are asked to make a donation of $2 or $3 each time they use the pantry to cover some of the costs. Most of the funding is received from the Seminary, the Student Senate, and other supporters of the seminary.</DescriptionOfNonCashAssistance>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>The Clothes Closet provides used clothing, shoes and various household items free of charge to all Seminarians and their families. This is especially helpful to students from foreign countries who arrive with a suitcase and no means to furnish an apartment, let alone bed linens and tableware, and to students who are married with children. We depend upon contributions of used items from the local community to fill the shelves, racks and bins. It is administered by the Student Senate in cooperation with the Dean of Students office and is run by the Students and their spouses. http://calvinseminary.edu/community/food-pantry-and-clothing-bank/</TypeOfGrant>
        <NumberOfRecipients>359</NumberOfRecipients>
        <AmountOfCashGrant>0</AmountOfCashGrant>
        <AmountOfNonCashAssistance>0</AmountOfNonCashAssistance>
        <MethodOfValuation>No cost - these are donated items.</MethodOfValuation>
        <DescriptionOfNonCashAssistance>Used clothing, shoes, toys, games, various household items, used table settings, towels, pillows, bed linens, wall decorations, lamps, furniture, books, hand-made quilts, small appliances, used televisions, radios, cell phones, etc.</DescriptionOfNonCashAssistance>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIV>
        <Identifier>SchI_P01_S00_L02</Identifier>
        <ReturnReference>Schedule I, Part I, Line 2</ReturnReference>
        <Explanation>The Mentored Ministries program provides grants to US churches who qualify to sustain a M.Div. or M.A. student for expenses incurred while providing an intership in a church setting - qualification is determined by application, and subsequent to the internship, reports are submitted from the church and from the student to substantiate how the funds were used and the value of the internship experience. Student scholarships are awarded after an application and eligibility process, utilising the FAFSA form for establishing financial need and utilizing GPA and recommendations for establishing merit. For awards, competitions or other award qualifications are used to determine eligibility where applicable. The awards and scholarships are posted directly to student tuition accounts. The Center for Excellence in Preaching (CEP) co-sponsors a worship symposium with Calvin Institute for Christian Worship. The CEP also provides tuition scholarships to students in Fuller Theological Seminary and Regent University. CTS also subsidizes the day school tuition of our M.Div. students at local Christian schools. CTS subsidizes counseling services for our students.</Explanation>
      </Form990ScheduleIPartIV>
    </IRS990ScheduleI>
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      <SecuritiesPubliclyTraded>
        <NonCashCheckbox>X</NonCashCheckbox>
        <NumberOfContributions>12</NumberOfContributions>
        <NoncashContribsRptdF990>113383</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>FMV</MethodOfDeterminingRevenues>
      </SecuritiesPubliclyTraded>
      <NumberOf8283Received>0</NumberOf8283Received>
      <AnyPropertyThatMustBeHeld>0</AnyPropertyThatMustBeHeld>
      <ReviewProcessUnusualNCGifts>1</ReviewProcessUnusualNCGifts>
      <ThirdPartiesUsed>1</ThirdPartiesUsed>
      <Form990ScheduleMPartII>
        <Identifier>SchM_P01_S00_L09</Identifier>
        <ReturnReference>Schedule M, Part I, Line 9</ReturnReference>
        <Explanation>The Seminary received gifts of stock of various entities from three donors during the year. See Schedule B, Part II for details of the transactions.</Explanation>
      </Form990ScheduleMPartII>
      <Form990ScheduleMPartII>
        <Identifier>SchM_P01_S00_L32b</Identifier>
        <ReturnReference>Schedule M, Part I, Line 32b</ReturnReference>
        <Explanation>Our lapsed donors are called by a fund raising organization.</Explanation>
      </Form990ScheduleMPartII>
    </IRS990ScheduleM>
    <IRS990ScheduleO documentId="R000010" softwareId="11000129" softwareVersion="v1.00">
      <GeneralExplanation>
        <Identifier>F990_P03_S00_L00b</Identifier>
        <ReturnReference>Form 990, Part III (Cont. 2)</ReturnReference>
        <Explanation>CTS is pleased to announce that on February 29, 2012, we received unqualified approval for our Distance Learning program from the Commission on Accrediting of the Association of Theological Schools. We will begin offering a comprehenisive hybrid distance education Master of Divinity (MDiv) degree.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>F990_P03_S00_L00c</Identifier>
        <ReturnReference>Form 990, Part III (Cont. 3)</ReturnReference>
        <Explanation>The Seminary supports a prison ministry program at Richard A. Handlon Correctional Facility (in Ionia, Michigan), bringing a theological education to inmates. The program, supported by donors Ren and Elsa Broekhuizen, Gord and Marilyn Grevengoed, Jack and Jean Kuipers, Terry and Linda Van Der Aa, Mel Boonstra, the Huizenga Foundation, Clair and Diana Van Zeelt and Jim and Dolly Strikwerda, enables inmates to obtain certification in Reformed theology. And annually, John Rottman supervises a course bringing a group of CTS students and professors to the Louisiana State Penitentiary at Angola, for the purpose of exposing participants to the realities of prison and giving professors an oppurtunity to teach in Angolas Seminary program.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>F990_P03_S00_L02</Identifier>
        <ReturnReference>Form 990, Part III, Line 2</ReturnReference>
        <Explanation>The vision of Institute for Global Church Planting and Renewal (IGCPR) is to foster the growth of confessionally Reformed churches both numerically and spiritually across the globe through an effective Second Timothy Chapter Two verse Two apprenticeship program. "You have heard me teach things that have been confirmed by many reliable witnesses. Now teach these truths to other trustworthy people who will be able to pass them on to others". The focus is to train men and women to start new churches and to work to renew those churches that are struggling. Many new churches are likely to be multi-cultural, especially in large urban centers, and will be planted in North America and worldwide. This presents a significant shift for CTS, as Seminaries don't typically produce church planters. Our curriculum is more missional, reshaping theological education while maintaining CTS's strong emphasis on teaching Reformed doctrine, worship and Biblical scholarship. Part of the program works to forge relationships with a range of educational institutions as well as placing a greater emphasis on long-distance-on-line learning. One aspect of the IGCPR is to take students to where successful church planters are at work and to learn from them in the community in which they work. CTS wants to develop and nurture through training the expectation among churches that it is a part of their church's mission to evangelize the community around them and to start new churches. The idea is to tap into the hunger that so many people have for a relationship with God, but need help in developing and maintaining that relationship. We teach the basic principles of planting churches for the next generation.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>F990_P06_S0A_L07b</Identifier>
        <ReturnReference>Form 990, Part VI, Section A, Line 7b</ReturnReference>
        <Explanation>Certain decisions of the Board of Trustees must be approved by the Syond of the Christian Reformed Church in North America.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>F990_P06_S0A_L09</Identifier>
        <ReturnReference>Form 990, Part VI, Section A, Line 9</ReturnReference>
        <Explanation>James A. Luyk resigned CFO position as of October 19, 2012 He can be reached at: 65 152nd Avenue, Holland, MI 49424 616.298.9460</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>F990_P06_S0B_L11b</Identifier>
        <ReturnReference>Form 990, Part VI, Section B, Line 11b</ReturnReference>
        <Explanation>Members of the Seminary's Audit Committee of the Development and Finance Committee are provided with a preliminary copy of the 990 form in pdf format. Committee members may review, inquire, and revise the return.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>F990_P06_S0B_L12c</Identifier>
        <ReturnReference>Form 990, Part VI, Section B, Line 12c</ReturnReference>
        <Explanation>Annually, Trustees complete a Conflict of Interest (CoI) questionnaire, which outlines the responsibilities of Board members with respect to CoI. Board members of Calvin Theological Seminary should ordinarily not be engaged in business relationships with the school, be compensated by it for other than expenses incurred with respect to Board activities, nor realize any other material benefits from serving on the Board. If such CoI should arrise, a Trustee is expected to excuse himself/herself from Board discussion and decisions on such matters.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>F990_P06_S0B_L15</Identifier>
        <ReturnReference>Form 990, Part VI, Section B, Line 15</ReturnReference>
        <Explanation>The Chairman of the Board of Trustees and the Chairman of the Finance and Development Committee of the Board of Trustees oversee the performance reviews of each of the President and Chief Financial/Operating Officer of the Seminary at least biennially, and review their respective compensation, annually. The results of these studies are reported to the full Board with benchmarks obtained from the Seminary's accrediting organization, the Association of Theological Schools, which provides both, aggregate comparisons and peer profiles of like organizations.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>F990_P06_S0C_L19</Identifier>
        <ReturnReference>Form 990, Part VI, Section C, Line 19</ReturnReference>
        <Explanation>All inquiries of this nature are directed to the Administrative Assistant to the Board of Trustees who provides the information to the individual or entity who made the request. The form 990 is also available on GuideStar.org for the general public.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>F990_P11_S00_L05</Identifier>
        <ReturnReference>Form 990, Part XI, Line 5</ReturnReference>
        <Explanation>Change in value of split interest agreements losses of $20,552 and unrealized losses on endowment assets of $1,590,617 comprise the total of $&lt;1,611,169&gt;.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="R000011" softwareId="11000129" softwareVersion="v1.00">
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>Christian Reformed Church in North America</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>2850 Kalamazoo</AddressLine1>
          <City>Grand Rapids</City>
          <State>MI</State>
          <ZIPCode>49560</ZIPCode>
        </AddressUS>
        <EIN>382051351</EIN>
        <PrimaryActivities>Church</PrimaryActivities>
        <LegalDomicileState>MI</LegalDomicileState>
        <ExemptCodeSection>Section 501(c)(3)</ExemptCodeSection>
        <PublicCharityStatus>Section 170(b)(1)(A)</PublicCharityStatus>
        <DirectControllingEntityNA>N/A</DirectControllingEntityNA>
        <ControlledOrg>0</ControlledOrg>
      </Form990ScheduleRPartII>
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>Calvin College</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>3201 Burton St SE</AddressLine1>
          <City>Grand Rapids</City>
          <State>MI</State>
          <ZIPCode>49546</ZIPCode>
        </AddressUS>
        <EIN>383071514</EIN>
        <PrimaryActivities>School</PrimaryActivities>
        <LegalDomicileState>MI</LegalDomicileState>
        <ExemptCodeSection>501(c)(3)</ExemptCodeSection>
        <PublicCharityStatus>170(b)(1)(A)</PublicCharityStatus>
        <DirectControllingEntityNA>N/A</DirectControllingEntityNA>
        <ControlledOrg>0</ControlledOrg>
      </Form990ScheduleRPartII>
      <ReceiptOfIntAnnRentsRoyalties>0</ReceiptOfIntAnnRentsRoyalties>
      <GiftGrantOrCapContrToOtherOrg>1</GiftGrantOrCapContrToOtherOrg>
      <GiftGrantOrCapContrFrOtherOrg>1</GiftGrantOrCapContrFrOtherOrg>
      <LoansOrGuaranteesToOtherOrg>0</LoansOrGuaranteesToOtherOrg>
      <LoansOrGuaranteesFromOtherOrg>0</LoansOrGuaranteesFromOtherOrg>
      <SaleOfAssetsToOtherOrg>0</SaleOfAssetsToOtherOrg>
      <PurchaseOfAssetsFromOtherOrg>0</PurchaseOfAssetsFromOtherOrg>
      <ExchangeOfAssets>0</ExchangeOfAssets>
      <RentalOfFacilitiesToOtherOrgs>0</RentalOfFacilitiesToOtherOrgs>
      <RentalOfFacilitiesFrOtherOrgs>1</RentalOfFacilitiesFrOtherOrgs>
      <PerformOfServicesForOtherOrgs>0</PerformOfServicesForOtherOrgs>
      <PerformOfServicesByOtherOrgs>0</PerformOfServicesByOtherOrgs>
      <SharingOfFacilities>1</SharingOfFacilities>
      <SharingOfPaidEmployees>1</SharingOfPaidEmployees>
      <ReimbursementPaidToOtherOrg>1</ReimbursementPaidToOtherOrg>
      <ReimbursementPaidByOtherOrg>1</ReimbursementPaidByOtherOrg>
      <OtherTransferToOtherOrg>0</OtherTransferToOtherOrg>
      <OtherTransferFromOtherOrg>0</OtherTransferFromOtherOrg>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>Christian Reformed Church in North America</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>c</TransactionType>
        <AmountInvolved>2900368</AmountInvolved>
        <MethodOfAmtDetermination>CTS is the sole Seminary of the Christian Reformed Church in North America, who distributes on a monthly basis, the ministry share collected by and from each classis.</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
      <Form990ScheduleRPartVII>
        <Identifier>SchR_P05_S00_L02</Identifier>
        <ReturnReference>Schedule R, Part V, Line 2</ReturnReference>
        <Explanation>CTS and Calvin College share the same campus, some employees, some jointly used facilities and the College provides many services for CTS, all for which the College is reimbursed.</Explanation>
      </Form990ScheduleRPartVII>
    </IRS990ScheduleR>
    <ReasonableCauseExplanation documentId="R000012" softwareId="11000129" softwareVersion="v1.00">
      <Explanation>More time was needed to prepare a complete, accurate return because we were short-handed by two people from June through November.</Explanation>
    </ReasonableCauseExplanation>
  </ReturnData>
</Return>