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Nonprofiteer
← PURITAN REFORMED THEOLOGICAL SEMINARY FOUNDATION

Form 990 for tax year 2023

Filed by PURITAN REFORMED THEOLOGICAL SEMINARY FOUNDATION.

Totals

Total revenue
$142,917
Total expenses
$318,233
Contributions and grants received
$15,200
Grants paid
$318,183
Program service revenue
$0
Investment income
$127,717
Other revenue
$0
Total assets, end of year
$1,712,984
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,712,984
Program services expenses (Part IX)
$318,183
Management and general expenses
$50
Fundraising expenses
$0
Program service expenses (Part III)
$318,183

Program services were 100.0% 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.

  • 1f · All other contributions, gifts and grants

    $15,200

  • 3 · Investment income

    total $36,187 · related or exempt $36,187

  • 7a · Gross sales of assets other than inventory

    securities $1,947,110

  • 7b · Less cost or other basis and sales expenses

    securities $1,855,580

  • 7c · Gain or loss

    securities $91,530

  • 7d · Net gain or loss

    total $91,530 · related or exempt $91,530

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $318,183 · program services $318,183

  • 24a · Other expenses: MISCELLANEOUS

    total $50 · management and general $50

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $14,993 · end of year $3,591

  • 12 · Investments: other securities

    beginning of year $1,826,124 · end of year $1,709,393

  • 27 · Net assets without donor restrictions

    beginning of year $1,629,529 · end of year $1,712,984

  • 28 · Net assets with donor restrictions

    beginning of year $211,588 · end of year $0

Mission and programs · 2023

Mission

THE MISSION OF THE ORGANIZATION IS TO RECEIVE, INVEST, MANAGE AND DISTRIBUTE FUNDS IN SUPPORT OF PURITAN REFORMED THEOLOGICAL SEMINARY.

  • FINANCIAL SUPPORT OF THE EDUCATIONAL PROGRAMS AND ACTIVITIES OF PURITAN REFORMED THEOLOGICAL SEMINARY THROUGH GRANTS FROM THE FOUNDATION'S EARNINGS.

    Expenses $318,183 · Grants $318,183 · Revenue $127,717

As filed on the 2023 return.

Listed in Part VII

  • Tim Kwekel

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Joe Kerkhoff

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Jason Wagenaar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Henry Jansen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
5 March 2025
IRS schema version
2023v6.0
Source object
202530669349300733

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