Puritan Reformed Theological Seminary

Organization Overview

Puritan Reformed Theological Seminary is located in Grand Rapids, MI. The organization was established in 2005. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 07/2022, Puritan Reformed Theological Seminary employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Puritan Reformed Theological Seminary is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 07/2022, Puritan Reformed Theological Seminary generated $7.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $4.4m during the year ending 07/2022. While expenses have increased by 7.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

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.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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.


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Board, Officers & Key Employees

Name (title)Compensation
Dr Joel Beeke
President
$130,968
Adriaan Neele
Vice President
$130,968
Henry Devries
Treasurer
$0
Kevin Ash
Chairman
$0
Del Deur
Secretary
$0
Rev Foppe Vanderzwaag
Vice Chairman
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Bdd Construction
Construction
$1,496,843
Reformation Heritage Books
Library Services
$162,105
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$47,265
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$6,697,752
Noncash contributions included in lines 1a–1f $84,900
Total Revenue from Contributions, Gifts, Grants & Similar$6,745,017
Total Program Service Revenue$513,450
Investment income $2,347
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$22,057
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $4,841
Miscellaneous Revenue$0
Total Revenue $7,247,093

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Puritan Reformed Theological Seminary has recieved totaling $172,214.

Awarding OrganizationAmount
Lilly Endowment Inc

Indianapolis, IN

PURPOSE: PATHWAYS FOR TOMORROW INITIATIVE

$50,000
$50,000
Peaster Foundation

Flora, MS

PURPOSE: RELIGIOUS

$30,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$21,500
Bonisa Mission Organization Usa

Grand Rapids, MI

PURPOSE: STUDENT SUPPORT

$20,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$714
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,917,030
Earnings-$152,134
Net Contributions$30,000
Grants$47,265
Ending Balance$1,747,631

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