Calvin University
- Assets
- $582.9m
- Revenue
- $190.4m
- Investments
- $103.8m
- Employees
- 2,605
- Location
- Grand Rapids, MI
- Founding
- 06/1993
- Data as of
- 06/2022
- EIN
- 38-3071514
Organization Overview
Calvin University is located in Grand Rapids, MI. The organization was established in 1993. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2022, Calvin University employed 2,605 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Calvin University 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 06/2022, Calvin University generated $190.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $168.9m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Calvin University has awarded 447 individual grants totaling $3,687,060. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO EQUIP STUDENTS TO THINK DEEPLY, TO ACT JUSTLY, AND TO LIVE WHOLEHEARTEDLY AS CHRIST'S AGENTS OF RENEWAL IN THE WORLD. CALVIN UNIVERSITY IS A CHRISTIAN ACADEMIC COMMUNITY DEDICATED TO RIGOROUS INTELLECTUAL INQUIRY. STUDENTS STUDY THE LIBERAL ARTS AND A BROAD RANGE OF MAJORS. A CALVIN EDUCATION PREPARES STUDENTS TO ANSWER GOD'S CALL TO LIVE AND SERVE IN GOD'S WORLD AS AGENTS OF RENEWAL.
Describe the Organization's Program Activity:
CALVIN UNIVERSITY IS A COMPREHENSIVE LIBERAL ARTS UNIVERSITY IN THE REFORMED TRADITION OF HISTORIC CHRISTIANITY SEEKING TO BE AGENTS OF RENEWAL IN THE ACADEMY, CHURCH, AND SOCIETY. THE UNIVERSITY OFFERS 81 BACCALAUREATE AND EIGHT MASTER'S DEGREE PROGRAMS. IT MAINTAINS A CORE CURRICULUM INCLUDING REQUIRED COURSES IN MATHEMATICS, BIBLICAL OR THEOLOGICAL FOUNDATIONS, THE ARTS AND SCIENCES, LITERATURE, AND MORE. STUDENTS PARTICIPATE IN OFF-CAMPUS PROGRAMS AROUND THE WORLD DURING SUMMER AND SEMESTER PROGRAMS. THE UNIVERSITY ALSO PROVIDES A CHRISTIAN LIBERAL ARTS EDUCATION TO INMATES AT THE RICHARD A. HANDLON CORRECTIONAL FACILITY IN IONIA, MI. THIS FIVE-YEAR PROGRAM RESULTS IN A BACHELOR OF ARTS DEGREE IN FAITH AND COMMUNITY LEADERSHIP. THE CURRENT STUDENT TO FACULTY RATIO IS 13:1. 99.3% OF THE 2020 CALVIN UNIVERSITY GRADUATES ARE EITHER EMPLOYED OR IN GRADUATE SCHOOL.
OTHER UNIVERSITY EXPENSES INCLUDE, BUT ARE NOT LIMITED TO AUXILIARY SERVICES, RESEARCH, MAINTENANCE OF GROUNDS AND BUILDINGS, AND PUBLIC SERVICES.
CALVIN UNIVERSITY'S STUDENT SERVICES AND ACTIVITIES ARE INTENDED TO ENHANCE STUDENTS' SPIRITUAL, SOCIAL, EMOTIONAL, AND PHYSICAL WELL-BEING. THE UNIVERSITY'S STUDENT SERVICES AND ACTIVITIES INCLUDE AREAS SUCH AS REGULAR WORSHIP AND BIBLICAL LEARNING OPPORTUNITIES, A HEALTH SERVICES CLINIC, EMOTIONAL WELLNESS SUPPORT, STUDENT ORGANIZATIONS, CAMPUS TRADITIONS, SPORTS AND RECREATION, DIVERSITY AND INCLUSION INITIATIVES, SERVICE-LEARNING, DEDICATED CAMPUS SAFETY DEPARTMENT, SUSTAINABILITY EFFORTS, NUMEROUS SCHOLARSHIP OPPORTUNITIES, AND OTHER FINANCIAL AID.
CALVIN UNIVERSITY PROVIDES ACADEMIC SUPPORT SERVICES FOR THE PRIMARY MISSIONS OF INSTRUCTION, RESEARCH, AND PUBLIC SERVICE. ACADEMIC SUPPORT SERVICES INCLUDE AREAS SUCH AS LIBRARIES, TECHNOLOGY SUPPORT, ACADEMIC TUTORING AND COACHING, WRITING ASSISTANCE, ON-CAMPUS MUSEUMS/GALLERIES, AND OTHER SERVICES THAT DIRECTLY ASSIST INSTRUCTIONAL ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Tuuk Kuras Vice Chair | OfficerTrustee | 4 | $0 |
Bruce Los Chair | OfficerTrustee | 4 | $0 |
Rhonda Roorda Secretary | OfficerTrustee | 4 | $0 |
Janice Buikema Secretary - Part Year | OfficerTrustee | 4 | $0 |
Kevin Adams Board Member | Trustee | 1 | $0 |
William Boer Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gdk Construction Co Construction | 6/29/22 | $4,683,781 |
National Management Resources Corporatio Maintenance | 6/29/22 | $4,312,653 |
Incline Alchemy Inc Software | 6/29/22 | $1,844,699 |
Andy J Egan Company Inc Construction | 6/29/22 | $1,292,908 |
Wiley Edu Llc Marketing | 6/29/22 | $641,265 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $68,000 |
| Related organizations | $0 |
| Government grants | $13,934,092 |
| All other contributions, gifts, grants, and similar amounts not included above | $33,382,705 |
| Noncash contributions included in lines 1a–1f | $1,832,291 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,384,797 |
| Total Program Service Revenue | $134,728,227 |
| Investment income | $5,471,131 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,807,361 |
| Net Income from Fundraising Events | -$22,251 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $190,369,265 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $564,074 |
| Grants and other assistance to domestic individuals. | $60,080,546 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,272,070 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,068,784 |
| Compensation of current officers, directors, key employees. | $1,083,411 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $42,749,296 |
| Pension plan accruals and contributions | $1,111,207 |
| Other employee benefits | $9,988,277 |
| Payroll taxes | $2,960,661 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $360,202 |
| Fees for services: Accounting | $135,570 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $414 |
| Fees for services: Investment Management | $413,008 |
| Fees for services: Other | $8,085,551 |
| Advertising and promotion | $581,994 |
| Office expenses | $7,274,122 |
| Information technology | $1,811,186 |
| Royalties | $0 |
| Occupancy | $9,801,886 |
| Travel | $2,283,973 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $793,051 |
| Interest | $92,135 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,023,210 |
| Insurance | $446,373 |
| All other expenses | $622,291 |
| Total functional expenses | $168,886,336 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,624,363 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $12,855,890 |
| Accounts receivable, net | $2,893,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,170,384 |
| Net Land, buildings, and equipment | $204,591,747 |
| Investments—publicly traded securities | $250,343,279 |
| Investments—other securities | $103,805,729 |
| Investments—program-related | $1,090,692 |
| Intangible assets | $0 |
| Other assets | $1,527,315 |
| Total assets | $582,902,399 |
| Accounts payable and accrued expenses | $12,485,347 |
| Grants payable | $0 |
| Deferred revenue | $11,727,204 |
| Tax-exempt bond liabilities | $73,102,874 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $12,814,824 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $21,381,380 |
| Total liabilities | $131,511,629 |
| Net assets without donor restrictions | $176,642,350 |
| Net assets with donor restrictions | $274,748,420 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $582,902,399 |
Grants Awarded
Over the last fiscal year, Calvin University has awarded $539,916 in support to 59 organizations.
| Grant Recipient | Amount |
|---|---|
ANABAPTIST MENNONITE BIBLICAL SEMINARY PURPOSE: WORSHIP RENEWAL PROJECT | $9,000 |
ARTISTS IN CHRISTIAN TESTIMONY INTL INC (CARDIPHONIA) PURPOSE: WORSHIP RENEWAL PROJECT | $6,450 |
AU SABLE INSTITUTE PURPOSE: WORSHIP RENEWAL PROJECT | $7,500 |
AZUSA PACIFIC UNIVERSITY PURPOSE: WORSHIP RENEWAL PROJECT | $9,000 |
ALLEN CHAPEL AME CHURCH PURPOSE: WORSHIP RENEWAL PROJECT | $7,500 |
BETHEL COMMUNITY PRESBYTERIAN CHURCH PURPOSE: WORSHIP RENEWAL PROJECT | $7,500 |