2026-03-02T11:57:45-06:00 2025-07-31 382445537 VANDERPLOEG BERGAKKER & ASSOCIATES 4145 EMBASSY DR SE GRAND RAPIDS MI 49546 990 2024-08-01 202394341 PURITAN REFORMED THEOLOGICAL SEMINARY PURI 6169770599 2965 LEONARD NE GRAND RAPIDS MI 49525 ADRIAAN NEELE PRESIDENT 6169770599 2026-02-27 1 0 STEVE JOHNSON P01227744 6169570691 2026-02-27 2024 2025-03-06 01:10:19Z ADRIAAN NEELE 2965 LEONARD NE GRAND RAPIDS MI 49525 8341060 0 X WWW.PRTS.EDU X 2004 MI 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. 10 10 85 51 0 0 8139495 6813857 739415 772082 331741 329821 42009 101793 9252660 8017553 445586 237608 0 0 3406380 3927649 0 0 565833 2187774 2653652 6039740 6818909 3212920 1198644 18692646 20109949 458905 445308 18233741 19664641 X 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. 0 0 4857428 237608 873875 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. 4857428 1 1 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 20 0 1 85 1 0 1 CA 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 MI X X X KEVIN WALKOTTEN 6169770599 2965 LEONARD NE GRAND RAPIDS MI 49525 BART ELSHOUT TRUSTEE 1.00 X 0 0 0 GARY POSTMA TRUSTEE 1.00 X 0 0 0 JAMES BEEKE MINUTES/AGENDA SECRETARY 2.00 X X 0 0 0 JOHN KOOPMAN CORRESPONDENCE SECRETARY 1.00 X X 0 0 0 JONATHAN ENGELSMA VICE CHAIRMAN 2.00 X X 0 0 0 KEVIN ASH CHAIRMAN 2.00 X X 0 0 0 PAUL GREENDYK TREASURER 1.00 X X 0 0 0 PETER KRANENDONK TRUSTEE 1.00 X 0 0 0 DAVID LIPSY TRUSTEE 1.00 X 0 0 0 JOHN PROCEE TRUSTEE 1.00 X 0 0 0 ADRIAAN NEELE PRESIDENT 40.00 X 153274 0 30985 KEVIN WALKOTTEN CFO 40.00 X 134359 0 10804 GERALD BILKES VICE PRESIDENT 40.00 X 138789 0 11260 DANIEL TIMMER EMPLOYEE 40.00 X 147574 0 4231 MICHAEL BARRETT EMPLOYEE 40.00 X 113343 0 34231 ZACHARY ASH EMPLOYEE 40.00 X 128874 0 7318 STEPHEN MYERS EMPLOYEE 40.00 X 124079 0 6853 KARLA SOULE EMPLOYEE 40.00 X 120466 0 3488 JOEL BEEKE CHANCELLOR 40.00 X 109055 0 25000 1169813 0 134170 10 1 1 0 0 87114 6726743 6813857 TUITION 611600 481332 481332 STUDENT HOUSING 721310 274357 274357 CONFERENCE REVENUE 611600 16393 16393 772082 331520 331520 273301 275000 -1699 -1699 -1699 99413 48507 50906 50906 50887 50887 50887 8017553 873875 0 329821 237608 237608 552027 165608 331216 55203 2751720 2041295 418735 291690 453770 303118 103006 47646 170132 113648 38620 17864 68370 43304 25066 21250 21250 27209 27209 275878 192284 19505 64089 37589 18795 5638 13156 91932 32589 59343 539583 431666 97125 10792 306994 267563 31545 7886 203565 85497 97711 20357 213796 171036 21380 21380 13619 13619 373037 298430 59686 14921 21599 21599 TRANSLATION EXPENSE 205978 205978 LIBRARY EXPENSE 154774 154774 MARKETING AND MERCHANDI 54560 54560 PUBLICATION EXPENSE 22703 22703 21216 16972 3395 849 6818909 4857428 1395648 565833 73918 151675 8457331 1317210 81987 85293 89696 112529 258009 346576 12077903 3757761 8516705 8320142 0 8561524 1215000 1215000 18692646 20109949 197424 225565 46105 55988 35000 35000 180376 128755 458905 445308 X 16113888 17962191 2119853 1702450 18233741 19664641 18692646 20109949 1198644 232256 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1875169 3004 197224 88004 1987393 1826124 15200 177801 143956 1875169 1747631 79293 800 1826124 1917030 30000 -152134 47265 1747631 1676924 326733 86627 1917030 0.08340 0.91660 0 1 1 574095 574095 10375731 2988700 7387031 1104827 745811 359016 23250 23250 0 8320142 VENTAS RLTY LTD PARTNERSHIP 99662 F ISHARES CORE S&P MIDCAP 400 INDEX 105638 F AT&T INC 99293 F DTE ENERGY CO 101729 F GOLDMAN SACHS GROUP 105704 F ISHARES CORE MSCI EAFE ETF 483606 F ISHARES CORE S&P 500 INDEX 2581049 F ISHARES CORE MSCI EMERGING MARKET 202890 F STRYKER CORPORATION 101659 F UNITED STATES TREASURY NOTES 3476283 F WELLS FARGO & CO 98299 F VANGUARD S/T INFLATION PROTECTED SEC ADMIRAL 230233 F PEPSICO INC 101414 F REPUBLIC SVCS INC 99200 F SOUTHERN CO 103610 F ISHARES CORE S&P SMALLCAP INDEX 64073 F VULCAN MATERIALS 101576 F PACKAGING CORP AMERICA 97516 F MORGAN STANLEY 102013 F JP MORGAN CHASE 102278 F AMERICAN TOWER CORP 103799 F 8561524 LAND HELD FOR INVESTMENT 1215000 1215000 8271107 232256 21298 253554 8017553 0 8017553 6840207 21298 21298 6818909 0 6818909 PART V, LINE 4: THE ENDOWMENT FUNDS ARE HELD BY THE PURITAN REFORMED THEOLOGICAL SEMINARY FOUNDATION AND THE PURITAN REFORMED THEOLOGICAL SEMINARY AND ARE USED FOR TUITION GRANTS AND THE GENERAL OPERATIONS OF THE SEMINARY. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF INVENTORY INCLUDED ON PAGE 9 48,507. INVESTMENT FEES -27,209. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF INVENTORY INCLUDED ON PAGE 9 48,507. INVESTMENT FEES -27,209. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE NON-DISCRIMINATORY POLICY CAN BE FOUND ON THE APPLICATION FORM FOR ADMISSION TO THE SCHOOL. 1 LIVING EXPENSES FOR STUDENTS ATTENDING THE SEMINARY 28 225208 PART I, LINE 2: GRANTS ARE MADE TO STUDENTS CURRENTLY ATTENDING THE SEMINARY TO ENABLE THEM TO LIVE AND STUDY NEAR THE PURITAN REFORMED THEOLOGICAL SEMINARY. THE SEMINARY IS AWARE OF THE NEEDS OF THE STUDENTS AND IS ABLE TO MONITOR THE USE OF THE FUNDS PROVIDED. X 1 1 X X X 0 0 0 0 0 0 0 0 0 ADRIAAN NEELE PRESIDENT 153274 0 0 0 0 0 5985 0 25000 0 184259 0 0 0 DANIEL TIMMER EMPLOYEE 147574 0 0 0 0 0 4231 0 0 0 151805 0 0 0 GERALD BILKES VICE PRESIDENT 138789 0 0 0 0 0 4407 0 6853 0 150049 0 0 0 JOEL BEEKE CHANCELLOR 109055 0 0 0 0 0 0 0 25000 0 134055 0 0 0 DR JOEL BEEKE CHANCELLOR PURCHASE OF LAND FOR STUDENT HOUSING X 35000 35000 0 1 1 35000 FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE CHIEF FINANCIAL OFFICER AND THE BOARD OF DIRECTORS BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST STATEMENT IS INCLUDED IN THE BOARD POLICY MANUAL, AND ANY CONFLICT IS REQUIRED TO BE DISCLOSED ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD USES DATA COMPILED BY THE ASSOCIATION OF THEOLOGICAL SEMINARIES TO DETERMINE COMPENSATION FOR THE SEMINARY PRESIDENT. ALL DELIBERATIONS ARE DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST OF AND APPROVAL BY THE BOARD OF DIRECTORS. PURITAN REFORMED THEOLOGICAL SEMINARY FOUNDATION 2965 LEONARD STREET NE GRAND RAPIDS MI 49525 202394946 SCHOLARSHIPS AND GENERAL SUPPORT MI 501(C)(3) 12A 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PURITAN REFORMED THEOLOGICAL SEM FOUNDATION C 87114 FMV