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Nonprofiteer
← PURITAN REFORMED THEOLOGICAL SEMINARY FOUNDATION

Form 990 for tax year 2024

Filed by PURITAN REFORMED THEOLOGICAL SEMINARY FOUNDATION.

Totals

Total revenue
$40,401
Total expenses
$102,830
Contributions and grants received
$3,003
Grants paid
$87,114
Program service revenue
$0
Investment income
$37,398
Other revenue
$0
Total assets, end of year
$1,826,097
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,826,097
Program services expenses (Part IX)
$87,114
Management and general expenses
$15,716
Fundraising expenses
$0
Program service expenses (Part III)
$87,114

Program services were 84.7% 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.

  • 1f · All other contributions, gifts and grants

    $3,003

  • 3 · Investment income

    total $42,909 · excluded $42,909

  • 7a · Gross sales of assets other than inventory

    securities $160,516

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

    securities $166,027

  • 7c · Gain or loss

    securities -$5,511

  • 7d · Net gain or loss

    total -$5,511 · excluded -$5,511

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $87,114 · program services $87,114

  • 11f · Fees: investment management

    total $15,716 · management and general $15,716

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,591 · end of year $59,590

  • 12 · Investments: other securities

    beginning of year $1,709,393 · end of year $1,766,507

  • 27 · Net assets without donor restrictions

    beginning of year $1,712,984 · end of year $1,826,097

Mission and programs · 2024

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 $87,114 · Grants $87,114 · Revenue $37,398

As filed on the 2024 return.

Listed in Part VII

  • Tim Kwekel

    PRESIDENT/TREASURER

    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
2024
Filed
27 February 2026
IRS schema version
2024v5.5
Source object
202600619349300425

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