2025-03-07T11:21:10-06:00 2024-07-31 382445537 VANDERPLOEG BERGAKKER & ASSOCIATES 4145 EMBASSY DR SE GRAND RAPIDS MI 49546 990 2023-08-01 202394341 PURITAN REFORMED THEOLOGICAL SEMINARY PURI 6169770599 2965 LEONARD NE GRAND RAPIDS MI 49525 ADRIAAN NEELE PRESIDENT 6169770599 2025-03-05 1 0 STEVE JOHNSON P01227744 6169570691 2025-03-04 2023 2025-03-06 01:10:19Z ADRIAAN NEELE 2965 LEONARD NE GRAND RAPIDS MI 49525 9311353 0 X WWW.PRTS.EDU X 2004 MI TO PREPARE STUDENTS TO SERVE CHRIST AND HIS CHURCH THROUGH BIBLICAL, EXPERIENTIAL AND PRACTICAL MINISTRY. PRTS PROVIDES THEOLOGICAL TRAINING AND INSTRUCTION IN ACCORDANCE WITH THE SCRIPTURES AND THE HISTORIC REFORMED CREEDS FOR PROMOTION AND DEFENSE OF THE GOSPEL OF JESUS CHRIST. 10 10 55 25 0 0 6004024 8139495 578226 739415 42853 331741 41724 42009 6666827 9252660 239770 445586 0 0 2832722 3406380 0 0 436263 1664720 2187774 4737212 6039740 1929615 3212920 15209895 18692646 189074 458905 15020821 18233741 X TO PREPARE STUDENTS TO SERVE CHRIST AND HIS CHURCH THROUGH BIBLICAL, EXPERIENTIAL AND PRACTICAL MINISTRY. PRTS PROVIDES THEOLOGICAL TRAINING AND INSTRUCTION IN ACCORDANCE WITH THE SCRIPTURES AND THE HISTORIC REFORMED CREEDS FOR PROMOTION AND DEFENSE OF THE GOSPEL OF JESUS CHRIST. 0 0 4472504 445586 781424 TO EDUCATE AND TRAIN MINISTERS OF THE GOSPEL FOR MINISTRY, PURITAN REFORMED THEOLOGICAL SEMINARY OFFERS MASTERS AND DOCTORAL PROGRAMS FOR BOTH FULL-TIME AND PART-TIME STUDENTS. PRTS OFFERS BOTH ON-SITE CLASSROOMS AND DISTANCE LEARNING FOR INDIVIDUALS WHO ARE SERIOUS ABOUT STUDYING GOD'S WORD. 4472504 1 1 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 25 0 1 55 1 0 1 CA 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 MI X X X KEVIN WALKOTTEN 6169770599 2965 LEONARD NE GRAND RAPIDS MI 49525 BART ELSHOUT TRUSTEE 1.00 X 0 0 0 CONNOR KEUNING TRUSTEE 1.00 X 0 0 0 GARY POSTMA TRUSTEE 1.00 X 0 0 0 IAN MCLEOD TRUSTEE 1.00 X 0 0 0 JAMES BEEKE MINUTES/AGENDA SECRETARY 2.00 X X 0 0 0 JOHN KOOPMAN CORRESPONDENCE SECRETARY 1.00 X X 0 0 0 JONATHON ENGELSMA VICE CHAIRMAN 2.00 X X 0 0 0 KEVIN ASH CHAIRMAN 2.00 X X 0 0 0 PAUL GREENDYK TREASURER 1.00 X X 0 0 0 PETER KRANENDONK TRUSTEE 1.00 X 0 0 0 REV DAVID LIPSY TRUSTEE 1.00 X 0 0 0 REV ERIC MOERDYK TRUSTEE 1.00 X 0 0 0 ADRIAAN NEELE PRESIDENT 40.00 X 144186 0 0 KEVIN WALKOTTEN CFO 40.00 X 0 0 0 DANIEL TIMMER EMPLOYEE 40.00 X 142757 0 0 JONATHON BEEKE EMPLOYEE 40.00 X 129262 0 0 MICHAEL BARRETT EMPLOYEE 40.00 X 112757 0 30000 STEPHEN MYERS EMPLOYEE 40.00 X 121254 0 0 ZACHARY ASH EMPLOYEE 40.00 X 125366 0 0 775582 0 30000 6 0 0 0 0 318183 7821312 1216727 8139495 TUITION 611600 403688 403688 STUDENT HOUSING 721310 273450 273450 CONFERENCE REVENUE 611600 54674 54674 JOURNAL INCOME 513120 7603 7603 739415 331741 331741 80434 58693 21741 21741 20268 20268 20268 9252660 781424 0 331741 445586 445586 621592 186478 372956 62158 2495300 1866704 337527 291069 109978 98469 9606 1903 179510 118248 40919 20343 15204 3573 10881 750 18150 18150 157220 157220 41528 20764 20764 138508 49100 89408 320355 271417 34130 14808 343583 299452 35305 8826 101909 35619 66164 126 97600 81402 16101 97 13817 13817 385477 308382 61676 15419 24333 24333 TRANSLATION EXPENSE 190959 190959 LIBRARY EXPENSE 177338 177338 INSTRUCTION EXPENSE 76515 76515 PUBLICATION EXPENSE 75383 75383 9895 9895 6039740 4472504 1130973 436263 3057589 73918 3152643 8457331 117570 81987 106555 89696 118847 258009 11901610 3384905 8656691 8516705 0 1215000 15209895 18692646 58399 197424 54211 46105 35000 35000 41464 180376 189074 458905 X 12792591 16113888 2228230 2119853 15020821 18233741 15209895 18692646 3212920 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1826124 15200 177801 143956 0 0 1875169 1747631 79293 800 1826124 1917030 30000 -152134 47265 1747631 1676924 326733 86627 1917030 1651652 1150 92715 62461 6132 1676924 0.91159 0.08841 0 1 1 574095 574095 10292686 2720585 7572101 1011579 641070 370509 23250 23250 0 8516705 LAND HELD FOR INVESTMENT 1215000 1215000 9311353 58693 58693 9252660 0 9252660 6098433 58693 58693 6039740 0 6039740 PART V, LINE 4: THE ENDOWMENT FUNDS ARE HELD BY THE PURITAN REFORMED THEOLOGICAL SEMINARY FOUNDATION AND THE PURITAN REFORMED THEOLOGICAL SEMINARY AND ARE USED FOR TUITION GRANTS AND THE GENERAL OPERATIONS OF THE SEMINARY. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF INVENTORY INCLUDED ON PAGE 9 58,693. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF INVENTORY INCLUDED ON PAGE 9 58,693. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE NON-DISCRIMINATORY POLICY CAN BE FOUND ON THE APPLICATION FORM FOR ADMISSION TO THE SCHOOL. 1 LIVING EXPENSES FOR STUDENTS ATTENDING THE SEMINARY 40 424130 PART I, LINE 2: GRANTS ARE MADE TO STUDENTS CURRENTLY ATTENDING THE SEMINARY TO ENABLE THEM TO LIVE AND STUDY NEAR THE PURITAN REFORMED THEOLOGICAL SEMINARY. THE SEMINARY IS AWARE OF THE NEEDS OF THE STUDENTS AND IS ABLE TO MONITOR THE USE OF THE FUNDS PROVIDED. DR JOEL BEEKE CHANCELLOR PURCHASE OF LAND FOR STUDENT HOUSING X 35000 35000 0 1 1 35000 X 3 1215000 APPRAISAL X MISC. SUPPLIES 1 1727 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE CHIEF FINANCIAL OFFICER AND THE BOARD OF DIRECTORS BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST STATEMENT IS INCLUDED IN THE BOARD POLICY MANUAL, AND ANY CONFLICT IS REQUIRED TO BE DISCLOSED ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD USES DATA COMPILED BY THE ASSOCIATION OF THEOLOGICAL SEMINARIES TO DETERMINE COMPENSATION FOR THE SEMINARY PRESIDENT. ALL DELIBERATIONS ARE DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST OF AND APPROVAL BY THE BOARD OF DIRECTORS. PURITAN REFORMED THEOLOGICAL SEMINARY FOUNDATION 2965 LEONARD STREET NE GRAND RAPIDS MI 49525 202394946 SCHOLARSHIPS AND GENERAL SUPPORT MI 501(C)(3) 12A 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 PURITAN REFORMED THEOLOGICAL SEM FOUNDATION C 318183 FMV