Totals
- Total revenue
- $190,867,663
- Total expenses
- $180,039,650
- Contributions and grants received
- $49,886,447
- Grants paid
- $63,368,834
- Program service revenue
- $132,781,128
- Investment income
- $8,242,535
- Other revenue
- -$42,447
- Total assets, end of year
- $601,584,833
- Total liabilities, end of year
- $124,109,904
- Net assets or fund balances, end of year
- $477,474,929
- Program services expenses (Part IX)
- $170,441,104
- Management and general expenses
- $6,454,528
- Fundraising expenses
- $3,144,018
- Program service expenses (Part III)
- $170,441,104
Program services were 94.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$99,875
-
1e · Government grants (contributions)
$9,986,000
-
1f · All other contributions, gifts and grants
$39,800,572
-
1g · Noncash contributions included above
$1,583,659
-
2a · Program service revenue: TUITION
total $106,884,000 · related or exempt $106,884,000
-
2b · Program service revenue: SALES & SRVC AUXILIARY
total $19,669,128 · related or exempt $18,476,943 · unrelated business $1,192,185
-
2c · Program service revenue: ANCILLARY SERVICES
total $6,228,000 · related or exempt $6,228,000
-
3 · Investment income
total $8,082,117 · unrelated business $317,158 · excluded $7,764,959
-
7a · Gross sales of assets other than inventory
securities $62,444,926 · other assets $121,235
-
7b · Less cost or other basis and sales expenses
securities $62,228,362 · other assets $177,381
-
7c · Gain or loss
securities $216,564 · other assets -$56,146
-
7d · Net gain or loss
total $160,418 · excluded $160,418
-
8a · Fundraising events: gross income
$21,300
-
8a · Fundraising events: contributions included on line 1c
$99,875
-
8b · Fundraising events: direct expenses
$63,747
-
8c · Net income from fundraising events
total -$42,447 · excluded -$42,447
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,085,367 · program services $1,085,367
-
2 · Grants to domestic individuals
total $61,205,934 · program services $61,205,934
-
3 · Grants to foreign organizations and individuals
total $1,077,533 · program services $1,077,533
-
5 · Compensation of officers, directors and key employees
total $1,568,894 · program services $311,291 · management and general $1,257,603
-
7 · Other salaries and wages
total $47,466,541 · program services $44,103,164 · management and general $1,668,350 · fundraising $1,695,027
-
8 · Pension plan contributions
total $2,796,746 · program services $2,510,344 · management and general $119,077 · fundraising $167,325
-
9 · Other employee benefits
total $8,325,565 · program services $7,459,252 · management and general $370,347 · fundraising $495,966
-
10 · Payroll taxes
total $3,340,824 · program services $2,945,520 · management and general $200,436 · fundraising $194,868
-
11b · Fees: legal
total $350,921 · management and general $350,921
-
11c · Fees: accounting
total $121,911 · management and general $121,911
-
11e · Fees: professional fundraising services
total $25,378 · fundraising $25,378
-
11f · Fees: investment management
total $405,809 · management and general $405,809
-
11g · Fees: other
total $8,521,638 · program services $8,148,154 · management and general $198,252 · fundraising $175,232
-
12 · Advertising and promotion
total $1,621,623 · program services $1,397,859 · management and general $190,227 · fundraising $33,537
-
13 · Office expenses
total $4,184,602 · program services $3,610,190 · management and general $468,955 · fundraising $105,457
-
14 · Information technology
total $3,243,106 · program services $2,948,741 · management and general $181,687 · fundraising $112,678
-
16 · Occupancy
total $11,069,501 · program services $10,885,257 · management and general $164,283 · fundraising $19,961
-
17 · Travel
total $3,436,111 · program services $3,239,978 · management and general $158,149 · fundraising $37,984
-
19 · Conferences, conventions and meetings
total $1,056,256 · program services $916,070 · management and general $127,885 · fundraising $12,301
-
22 · Depreciation, depletion and amortization
total $7,981,301 · program services $7,969,504 · management and general $5,561 · fundraising $6,236
-
23 · Insurance
total $446,006 · program services $113,992 · management and general $332,014
-
24a · Other expenses: FOOD CONTRACT
total $6,794,564 · program services $6,790,550 · management and general $3,465 · fundraising $549
-
24b · Other expenses: CONTRACTED GOODS & SRVC
total $2,414,480 · program services $2,406,081 · management and general $8,399
-
24c · Other expenses: BOOKS AND PERIODICALS
total $1,088,843 · program services $1,078,957 · management and general $9,886
-
24e · All other expenses
total $410,196 · program services $237,366 · management and general $111,311 · fundraising $61,519
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,624,363 · end of year $38,891,679
-
3 · Pledges and grants receivable
beginning of year $12,855,890 · end of year $11,632,987
-
4 · Accounts receivable
beginning of year $2,893,000 · end of year $4,222,929
-
9 · Prepaid expenses and deferred charges
beginning of year $2,170,384 · end of year $1,852,850
-
10a · Land, buildings and equipment: cost or other basis
$339,155,181
-
10b · Land, buildings and equipment: accumulated depreciation
$131,967,983
-
10c · Land, buildings and equipment, net
beginning of year $204,591,747 · end of year $207,187,198
-
11 · Investments: publicly traded securities
beginning of year $250,343,279 · end of year $237,063,892
-
12 · Investments: other securities
beginning of year $103,805,729 · end of year $98,652,770
-
13 · Investments: program-related
beginning of year $1,090,692 · end of year $489,378
-
15 · Other assets
beginning of year $1,527,315 · end of year $1,591,150
-
17 · Accounts payable and accrued expenses
beginning of year $12,485,347 · end of year $12,427,682
-
19 · Deferred revenue
beginning of year $11,727,204 · end of year $6,135,906
-
20 · Tax-exempt bond liabilities
beginning of year $73,102,874 · end of year $72,783,982
-
23 · Secured mortgages and notes payable
beginning of year $12,814,824 · end of year $12,814,824
-
25 · Other liabilities
beginning of year $21,381,380 · end of year $19,947,510
-
27 · Net assets without donor restrictions
beginning of year $176,642,350 · end of year $173,079,773
-
28 · Net assets with donor restrictions
beginning of year $274,748,420 · end of year $304,395,156
Mission and programs · 2022
Mission
THE MISSION OF CALVIN UNIVERSITY IS TO EQUIP STUDENTS TO THINK DEEPLY, TO ACT JUSTLY, AND TO LIVE WHOLEHEARTEDLY AS CHRIST'S AGENTS OF RENEWAL IN THE WORLD.
Activities or mission (Part I)
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.
-
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 74 BACCALAUREATE AND NINE 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 MAY TERMS 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. CALVIN UNIVERSITY IS CONSISTENTLY RANKED AMONG THE BEST COLLEGES OF THE REGIONAL UNIVERSITIES MIDWEST BY THE U.S. NEWS & WORLD REPORT. THE CURRENT STUDENT TO FACULTY RATIO IS 12:1. 99.6% OF THE 2023 CALVIN UNIVERSITY GRADUATES ARE EITHER EMPLOYED OR IN GRADUATE SCHOOL.
Expenses $140,477,632 · Grants $62,057,596 · Revenue $112,147,401
-
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.
Expenses $18,132,015 · Revenue $18,477,085
-
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.
Expenses $1,896,463 · Revenue $738
-
OTHER UNIVERSITY EXPENSES INCLUDE, BUT ARE NOT LIMITED TO AUXILIARY SERVICES, RESEARCH, MAINTENANCE OF GROUNDS AND BUILDINGS, AND PUBLIC SERVICES.
Expenses $9,934,994 · Grants $1,311,238 · Revenue $963,719
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Bruce LosBRUCE LOS
CHAIR
- Total calculated
- $0
- Hours/week
- 4
-
Mary Tuuk KurasMARY TUUK KURAS
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 4
-
Rhonda RoordaRHONDA ROORDA
SECRETARY
- Total calculated
- $0
- Hours/week
- 4
-
Kevin AdamsKEVIN ADAMS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
William BoerWILLIAM BOER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Niala BoodhooNIALA BOODHOO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Gary BosGARY BOS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Edward ColemanEDWARD COLEMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Nathan Dejong McCarronNATHAN DEJONG MCCARRON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Bryan DikBRYAN DIK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Andrew ElliotANDREW ELLIOT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jonathan EigegeJONATHAN EIGEGE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Timothy GoudzwaardTIMOTHY GOUDZWAARD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Benjamin IpemaBENJAMIN IPEMA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Lambert KamhuisLAMBERT KAMHUIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Lambert KampLAMBERT KAMP
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Andrea KarstenANDREA KARSTEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Alice KlamerALICE KLAMER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rosanne Lopers-SweetmanROSANNE LOPERS-SWEETMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Richard MastRICHARD MAST
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Lois MillerLOIS MILLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kathleen RidderKATHLEEN RIDDER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Gene MiyamotoGENE MIYAMOTO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Perrin RyndersPERRIN RYNDERS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Carl TriemstraCARL TRIEMSTRA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Steven TriezenbergSTEVEN TRIEZENBERG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Carolyn Van AllenCAROLYN VAN ALLEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Mindi VandenboschMINDI VANDENBOSCH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ray VanderkooiRAY VANDERKOOI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rachel VanderveenRACHEL VANDERVEEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Heather Van Vugt RamirezHEATHER VAN VUGT RAMIREZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dr Michael LeroyDR MICHAEL LEROY
PRESIDENT - PART YEAR
- Total calculated
- $467,872
- From this org
- $426,978
- From related orgs
- $0
- Other
- $40,894
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $426,111
- Bonus
- $0
- Other
- $867
- Deferred
- $17,264
- Nontaxable benefits
- $23,630
- Filer's total
- $467,872
-
Dr Wiebe BoerDR WIEBE BOER
PRESIDENT
- Total calculated
- $383,757
- From this org
- $361,337
- From related orgs
- $0
- Other
- $22,420
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $201,051
- Bonus
- $100,000
- Other
- $60,286
- Deferred
- $12,163
- Nontaxable benefits
- $10,257
- Filer's total
- $383,757
-
Tim FennemaTIM FENNEMA
VICE PRESIDENT OF FINANCE - PART YEAR
- Total calculated
- $235,670
- From this org
- $204,200
- From related orgs
- $0
- Other
- $31,470
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $204,062
- Bonus
- $0
- Other
- $138
- Deferred
- $11,920
- Nontaxable benefits
- $19,550
- Filer's total
- $235,670
-
Dirk PruisDIRK PRUIS
VICE PRESIDENT OF FINANCE AND ADMINISTRATION
- Total calculated
- $105,707
- From this org
- $75,469
- From related orgs
- $0
- Other
- $30,238
- Hours/week
- 40
-
Noah TolyNOAH TOLY
PROVOST
- Total calculated
- $230,717
- From this org
- $192,567
- From related orgs
- $0
- Other
- $38,150
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $192,477
- Bonus
- $0
- Other
- $90
- Deferred
- $12,222
- Nontaxable benefits
- $25,928
- Filer's total
- $230,717
-
Greg ElzingaGREG ELZINGA
VICE PRESIDENT FOR ADVANCEMENT
- Total calculated
- $209,429
- From this org
- $177,873
- From related orgs
- $0
- Other
- $31,556
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $177,735
- Bonus
- $0
- Other
- $138
- Deferred
- $10,969
- Nontaxable benefits
- $20,587
- Filer's total
- $209,429
-
Dr Jim LudemaDR JIM LUDEMA
DEAN FOR THE SCHOOL OF BUSINESS
- Total calculated
- $207,049
- From this org
- $175,868
- From related orgs
- $0
- Other
- $31,181
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $175,106
- Bonus
- $0
- Other
- $762
- Deferred
- $10,970
- Nontaxable benefits
- $20,211
- Filer's total
- $207,049
-
Dr Sarah VisserDR SARAH VISSER
VICE PRESIDENT FOR STUDENT LIFE
- Total calculated
- $199,453
- From this org
- $170,615
- From related orgs
- $0
- Other
- $28,838
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $170,555
- Bonus
- $0
- Other
- $60
- Deferred
- $10,669
- Nontaxable benefits
- $18,169
- Filer's total
- $199,453
-
Dr Laura ChampionDR LAURA CHAMPION
DIRECTOR OF HEALTH SERVICE
- Total calculated
- $194,255
- From this org
- $164,511
- From related orgs
- $0
- Other
- $29,744
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $164,253
- Bonus
- $0
- Other
- $258
- Deferred
- $10,194
- Nontaxable benefits
- $19,550
- Filer's total
- $194,255
-
Lauren JensenLAUREN JENSEN
VICE PRESIDENT FOR ENROLLMENT
- Total calculated
- $188,415
- From this org
- $163,460
- From related orgs
- $0
- Other
- $24,955
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $163,406
- Bonus
- $0
- Other
- $54
- Deferred
- $10,185
- Nontaxable benefits
- $14,770
- Filer's total
- $188,415
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Tax indemnification and gross-up payments
- 1a · Housing allowance or residence for personal use
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 4B
- THE FOLLOWING INDIVIDUALS PARTICIPATED IN THE PLAN AND RECEIVED A DISTRIBUTION FROM OR HAD AMOUNTS VEST IN THE PLAN: MICHAEL LEORY CONTRIBUTED $20,500.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
PRINCETON THEOLOGICAL SEMINARY
$60,000
WORSHIP RENEWAL PROJECT
-
$26,537
WORSHIP RENEWAL PROJECT
-
WORSHIP RENEWAL PROJECT
-
WORSHIP RENEWAL PROJECT
-
WORSHIP RENEWAL PROJECT
-
CHRIST HISPANIC UNITED METHODIST CHURCH
$15,000
WORSHIP RENEWAL PROJECT
-
WORSHIP RENEWAL PROJECT
-
EL REDENTOR PRESBYTERIAN CHURCH
$15,000
WORSHIP RENEWAL PROJECT
-
WORSHIP RENEWAL PROJECT
-
WORSHIP RENEWAL PROJECT
The 10 largest by cash amount. The API serves every itemized grant.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 3 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202421319349304042
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.