Nonprofit · EIN 20-2394341
PURITAN REFORMED THEOLOGICAL SEMINARY
Tax-exempt · GRAND RAPIDS, MI 49525
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| July 31, 2025 | 990 | $8,017,553 | $6,818,909 | $1,198,644 | $20,109,949 | $445,308 | $19,664,641 |
| July 31, 2024 | 990 | $9,252,660 | $6,039,740 | $3,212,920 | $18,692,646 | $458,905 | $18,233,741 |
| July 31, 2023 | 990 | $6,666,827 | $4,737,212 | $1,929,615 | $15,209,895 | $189,074 | $15,020,821 |
Financial details: 990 for the year ended July 31, 2025
Revenue
- Contributions, gifts and grants
- $6,813,857
- Program service revenue
- $772,082
- Investment income
- $329,821
- Net gain from sales of assets
- -$1,699
- Net income from sales of inventory
- $50,906
- Other revenue
- $101,793
Expenses
- Grants and similar amounts paid
- $237,608
- Compensation of officers, directors and key employees
- $552,027
- Other salaries and wages
- $2,751,720
- Salaries, compensation and benefits (total)
- $3,927,649
- Professional fundraising fees
- $0
- Legal fees
- $68,370
- Accounting fees
- $21,250
- Occupancy
- $306,994
- Travel
- $203,565
- Depreciation
- $373,037
- Program services (functional)
- $4,857,428
- Management and general (functional)
- $1,395,648
- Fundraising (functional)
- $565,833
Balance sheet and other
- Total assets, start of year
- $18,692,646
- Total assets, end of year
- $20,109,949
- Total liabilities, end of year
- $445,308
- Net assets, end of year
- $19,664,641
- Land, buildings and equipment
- $8,320,142
- Net assets without donor restrictions
- $17,962,191
- Net assets with donor restrictions
- $1,702,450
- Gross receipts
- $8,341,060
- Employees
- 85
- Volunteers
- 51
- Year formed
- 2004
- State of legal domicile
- MI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended July 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ADRIAAN NEELE | PRESIDENT Officer | 40 | $153,274 | $30,985 |
| DANIEL TIMMER | EMPLOYEE Highest-paid employee | 40 | $147,574 | $4,231 |
| GERALD BILKES | VICE PRESIDENT Officer | 40 | $138,789 | $11,260 |
| MICHAEL BARRETT | EMPLOYEE Highest-paid employee | 40 | $113,343 | $34,231 |
| KEVIN WALKOTTEN | CFO Officer | 40 | $134,359 | $10,804 |
| ZACHARY ASH | EMPLOYEE Highest-paid employee | 40 | $128,874 | $7,318 |
| JOEL BEEKE | CHANCELLOR Former | 40 | $109,055 | $25,000 |
| STEPHEN MYERS | EMPLOYEE Highest-paid employee | 40 | $124,079 | $6,853 |
| KARLA SOULE | EMPLOYEE Highest-paid employee | 40 | $120,466 | $3,488 |
| BART ELSHOUT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GARY POSTMA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JAMES BEEKE | MINUTES/AGENDA SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| JOHN KOOPMAN | CORRESPONDENCE SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JONATHAN ENGELSMA | VICE CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| KEVIN ASH | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAUL GREENDYK | TREASURER Trustee or director, Officer | 1 | $0 |
| PETER KRANENDONK | TRUSTEE Trustee or director | 1 | $0 |
| DAVID LIPSY | TRUSTEE Trustee or director | 1 | $0 |
| JOHN PROCEE | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended July 31, 2024: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ADRIAAN NEELE | PRESIDENT Officer | 40 | $144,186 | $0 |
| DANIEL TIMMER | EMPLOYEE Highest-paid employee | 40 | $142,757 | $0 |
| MICHAEL BARRETT | EMPLOYEE Highest-paid employee | 40 | $112,757 | $30,000 |
| JONATHON BEEKE | EMPLOYEE Highest-paid employee | 40 | $129,262 | $0 |
| ZACHARY ASH | EMPLOYEE Highest-paid employee | 40 | $125,366 | $0 |
| STEPHEN MYERS | EMPLOYEE Highest-paid employee | 40 | $121,254 | $0 |
| BART ELSHOUT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CONNOR KEUNING | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GARY POSTMA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| IAN MCLEOD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JAMES BEEKE | MINUTES/AGENDA SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| JOHN KOOPMAN | CORRESPONDENCE SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JONATHON ENGELSMA | VICE CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| KEVIN ASH | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| PAUL GREENDYK | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| PETER KRANENDONK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| REV DAVID LIPSY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| REV ERIC MOERDYK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KEVIN WALKOTTEN | CFO Officer | 40 | $0 | $0 |
990 for the year ended July 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ADRIAAN NEELE | PRESIDENT Officer | 40 | $144,186 | $0 |
| DANIEL TIMMER | EMPLOYEE Highest-paid employee | 40 | $142,757 | $0 |
| JONATHON BEEKE | EMPLOYEE Highest-paid employee | 40 | $129,262 | $0 |
| ZACHARY ASH | EMPLOYEE Highest-paid employee | 40 | $125,366 | $2,936 |
| DR GERALD BILKES | VICE PRESIDENT Officer | 40 | $123,588 | $0 |
| STEPHAN MYERS | EMPLOYEE Highest-paid employee | 40 | $121,254 | $0 |
| KARLA SOULE | EMPLOYEE Highest-paid employee | 40 | $114,417 | $2,936 |
| DR JOEL BEEKE | CHANCELLOR Officer | 40 | $101,737 | $0 |
| PAUL GREENDYK | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| REV ERIC MOERDYK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CONNOR KEUNING | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KEVIN ASH | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| IAN MACLEOD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| REV DAVID LIPSY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JAMES BEEKE | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| BART ELSHOUT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GARY POSTMA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JONATHON ENGELSMA | VICE CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2965 LEONARD ST NE, GRAND RAPIDS, MI 49525-5828
- In care of
- % ANN DYKEMA
- Principal officer (990 for 2024)
- ADRIAAN NEELE, 2965 LEONARD NE, GRAND RAPIDS, MI 49525
- Signed the 990
- ADRIAAN NEELE, PRESIDENT
- Phone
- (616) 977-0599
- Website
- WWW.PRTS.EDU
- Return prepared by
- VANDERPLOEG BERGAKKER & ASSOCIATES
Mission
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.
Program accomplishments
- 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.Expenses $4,857,428 · grants $237,608 · revenue $873,875
What it must file and when
IRS records say it files Not required (religious organization). Its accounting year ends in July, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | July 31, 2026 | December 15, 2026 | Not due yet |
| 2024 | July 31, 2025 | December 15, 2025 | 990 on file |
| 2023 | July 31, 2024 | December 16, 2024 | 990 on file |
IRS record
- EIN
- 20-2394341
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2005
- Accounting year ends
- July
- Files
- Not required (religious organization)
- Category (NTEE)
- Education (B40)
- Assets (IRS master file)
- $20,109,949
- Income (IRS master file)
- $8,341,060
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | July 2025 | $8,017,553 | $6,818,909 | $20,109,949 | XML |
| 990 | July 2024 | $9,252,660 | $6,039,740 | $18,692,646 | XML |
| 990 | July 2023 | $6,666,827 | $4,737,212 | $15,209,895 | XML |
| 990 | July 2022 | $7,247,093 | $4,350,593 | $13,368,431 | IRS |
| 990 | July 2021 | – | – | – | IRS |
| 990 | July 2020 | – | – | – | IRS |
| 990 | July 2019 | – | – | – | IRS |
| 990 | July 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-2394341).
Questions about PURITAN REFORMED THEOLOGICAL SEMINARY
- What is the EIN of PURITAN REFORMED THEOLOGICAL SEMINARY?
- The employer identification number (EIN) of PURITAN REFORMED THEOLOGICAL SEMINARY is 20-2394341.
- Is PURITAN REFORMED THEOLOGICAL SEMINARY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to PURITAN REFORMED THEOLOGICAL SEMINARY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PURITAN REFORMED THEOLOGICAL SEMINARY file?
- Form Not required (religious organization).
- When is the next return of PURITAN REFORMED THEOLOGICAL SEMINARY due?
- The return for tax year 2025 (the year ending July 31, 2026) is due December 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PURITAN REFORMED THEOLOGICAL SEMINARY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended July 2025.
- Who is the principal officer of PURITAN REFORMED THEOLOGICAL SEMINARY?
- The 990 for the year ended July 31, 2025 names ADRIAAN NEELE.
- Who are the officers and directors of PURITAN REFORMED THEOLOGICAL SEMINARY?
- The 990 for the year ended July 31, 2025 lists 19 people; 9 received compensation from the organization, the highest $153,274 (ADRIAAN NEELE, PRESIDENT).
- How much revenue does PURITAN REFORMED THEOLOGICAL SEMINARY have?
- On its 990 for the year ended July 31, 2025 it reported revenue of $8,017,553, expenses of $6,818,909 and total assets of $20,109,949 at year end.
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