2022-05-03T07:07:24-05:00 2021-06-30 381357951 PLANTE & MORAN PLLC 750 TRADE CENTRE WAY STE 300 PORTAGE MI 49002 990 2020-07-01 383071514 CALVIN UNIVERSITY CALV 6165266000 3201 BURTON STREET SE GRAND RAPIDS MI 49546 TIM FENNEMA VP-ADMINISTRATION AND FINANCE 6165266000 2022-04-29 1 TIM FENNEMA 999009999 DORI J EGGETT P00645252 2695674500 2022-04-29 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z MICHAEL K LE ROY 3201 BURTON STREET SE GRAND RAPIS MI 49546 221057665 0 X WWW.CALVIN.EDU X 1991 MI 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. 31 31 2818 36 397998 81062 58679507 29882207 143945810 132534041 6923627 4580138 0 -7546 209548944 166988840 60215744 58019075 0 0 69044484 58081237 30000 163683 2684255 44899396 36998578 174189624 153262573 35359320 13726267 532359793 586373912 153699184 135337030 378660609 451036882 X 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. 0 0 123066605 57310542 115789838 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 124 BACCALAUREATE AND THREE 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 INTERIM TERMS (JANUARY/MAY) 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 13:1. 99.5% OF THE 2018 CALVIN UNIVERSITY GRADUATES ARE EITHER EMPLOYED OR IN GRADUATE SCHOOL. 15137809 15477019 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. 1837828 622203 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. 6672662 708533 467675 OTHER UNIVERSITY EXPENSES INCLUDE, BUT ARE NOT LIMITED TO AUXILIARY SERVICES, RESEARCH, MAINTENANCE OF GROUNDS AND BUILDINGS, AND PUBLIC SERVICES. 6672662 708533 467675 146714904 1 1 0 0 0 0 1 1 0 1 1 1 0 0 1 0 1 1 1 1 1 1 1 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 328 0 1 2818 1 1 1 1 GH 0 0 0 1 1 1 2 0 0 0 0 0 X 31 31 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X RUTH WITTE 6165266130 3201 BURTON STREET SE GRAND RAPIDS MI 49546 DR MICHAEL LEROY PRESIDENT 40.00 0.00 X 377627 0 39020 DR CHERYL BRANDSEN PROVOST 40.00 0.00 X 182930 0 28439 JAMES ENGLISH VP OF FINANCE AND ADMINISTRATION 40.00 0.00 X 199908 0 6836 KENNETH ERFFMEYER VP FOR ADVANCEMENT 40.00 0.00 X 172984 0 32486 REV JOHN WITVLIET DIRECTOR OF INSTITUTE OF CHRISTIAN WORSHIP 40.00 0.00 X 115054 0 60798 DR LAURA CHAMPION DIRECTOR OF HEALTH SERVICE 40.00 0.00 X 159728 0 25247 LAUREN JENSEN VP FOR ENROLLMENT 40.00 0.00 X 142252 0 30574 DR SARAH VISSER VP FOR STUDENT LIFE 40.00 0.00 X 145976 0 25799 TODD HUBERS VP FOR PEOPLE, STRATEGY, AND TECHNOLOG 40.00 0.00 X 139397 0 27396 JANICE BUIKEMA SECRETARY 4.00 0.00 X X 0 0 0 MARY TUUK KURAS VICE CHAIR 4.00 0.00 X X 0 0 0 BRUCE LOS CHAIR 4.00 0.00 X X 0 0 0 WILLIAM BOER BOARD MEMBER 1.00 0.00 X 0 0 0 EDWARD COLEMAN BOARD MEMBER 1.00 0.00 X 0 0 0 NATHAN DEJONG MCCARRON BOARD MEMBER 1.00 0.00 X 0 0 0 FERNANDO DELROSARIO BOARD MEMBER 1.00 0.00 X 0 0 0 JEFFREY DENOOYER BOARD MEMBER 1.00 0.00 X 0 0 0 JEFFREY DENOOYER BOARD MEMBER 1.00 0.00 X 0 0 0 ANDREW ELLIOT BOARD MEMBER 1.00 0.00 X 0 0 0 TIMOTHY GOUDZWAARD BOARD MEMBER 1.00 0.00 X 0 0 0 CHRISTOPHER GRIER BOARD MEMBER 1.00 0.00 X 0 0 0 WENDY HOFMAN BOARD MEMBER 1.00 0.00 X 0 0 0 MARJORIE HOOGEBOOM BOARD MEMBER 1.00 0.00 X 0 0 0 TIMOTHY HOWERZYL BOARD MEMBER 1.00 0.00 X 0 0 0 BENJAMIN IPEMA BOARD MEMBER 1.00 0.00 X 0 0 0 LAMBERT KAMP BOARD MEMBER 1.00 0.00 X 0 0 0 ANDREA KARSTEN BOARD MEMBER 1.00 0.00 X 0 0 0 ALICE KLAMER BOARD MEMBER 1.00 0.00 X 0 0 0 JONATHAN KUYERS BOARD MEMBER 1.00 0.00 X 0 0 0 RICHARD MAST BOARD MEMBER 1.00 0.00 X 0 0 0 LOIS MILLER BOARD MEMBER 1.00 0.00 X 0 0 0 RHONDA ROORDA BOARD MEMBER 1.00 0.00 X 0 0 0 PERRIN RYNDERS BOARD MEMBER 1.00 0.00 X 0 0 0 ALICIA SINCLAIR BOARD MEMBER 1.00 0.00 X 0 0 0 SCOTT SPOELHOF BOARD MEMBER 1.00 0.00 X 0 0 0 CARL TRIEMSTRA BOARD MEMBER 1.00 0.00 X 0 0 0 STEVEN TRIEZENBERG BOARD MEMBER 1.00 0.00 X 0 0 0 RAY VANDERKOOI BOARD MEMBER 1.00 0.00 X 0 0 0 RACHEL VANDERVEEN BOARD MEMBER 1.00 0.00 X 0 0 0 THOMAS WYBENGA BOARD MEMBER 1.00 0.00 X 0 0 0 WILLEMINA ZWART BOARD MEMBER 1.00 0.00 X 0 0 0 1635856 0 276595 18 0 1 0 INCLINE ALCHEMY INC 575 DOUBLE EAGLE SUITE 220 RENO NV 89521 SOFTWARE 1692306 GMB ARCHITECTURE & ENGINEERING 225 S MAIN ST SUITE 200 ROYAL OAK MI 48067 ARCHITECTURE & ENGINEERING 1056255 GDK CONSTRUCTION CO 12 WEST 8TH STREET SUITE 250 HOLLAND MI 49423 CONSTRUCTION 875351 WORKDAY 6110 STONERIDGE MALL ROAD PLEASANTON CA 94588 SOFTWARE 854158 MIDWEST COLLABORATIVE FOR LIBRARY SERVIC 6810 S CEDAR ST LANSING MI 48911 LIBRARY 538690 27 108397 7712583 22061227 3690511 29882207 TUITION 611310 112623275 112623275 SALES & SRVC AUXILIARY 721000 15654325 15477019 177306 ANCILLARY SERVICES 611710 4256441 4256441 132534041 4576076 220692 4355384 54008091 54004029 4062 4062 4062 57250 108397 64796 -7546 -7546 166988840 132356735 397998 4351900 634148 634148 57293117 57293117 91810 91810 970665 201878 573661 195126 44001123 41485409 1131317 1384397 10119613 9189324 465276 465013 2989836 2701196 146353 142287 151855 151855 84282 84282 163683 163683 334152 334152 2867031 2608473 227961 30597 501714 498255 37 3422 4901636 4634686 158419 108531 1687511 1566085 62815 58611 10311892 10284802 7121 19969 457452 428626 9456 19370 426363 359887 55779 10697 102677 102677 6762260 6752257 4715 5288 390230 83487 306743 FOOD CONTRACT 4868644 4863454 3853 1337 CONTRACTED GOODS & SRVC 1097943 1078913 19030 BOOKS AND PERIODICALS 957774 957233 541 1095162 899187 120048 75927 153262573 146714904 3863414 2684255 23175311 10173589 30673194 18764443 7008840 1432158 2002713 1931366 321982231 117648446 203734438 204333785 194577162 238119700 68073369 108399128 1556833 1698981 1557933 1520762 532359793 586373912 11337909 10794411 16738423 13186210 74220000 73421766 0 12814824 51402852 25119819 153699184 135337030 X 152960474 177216839 225700135 273820043 378660609 451036882 532359793 586373912 X 13726267 49849629 8800377 X X 0 1 X 1 1 1 X 27461899 32864285 26062284 58679507 29882207 174950182 27461899 32864285 26062284 58679507 29882207 174950182 64749887 110200295 3579431 3685127 4977788 3890757 4355384 20488487 309248 306543 247378 227672 136448 1227289 57250 57250 196723208 716320880 0.56020 0.62260 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 12.00 0 0 0 1 0 0.00 0 X X X X X INSTRUCTIONAL 0 206001383 9099396 49034394 3443732 3719668 6600 256965173 181886574 25608656 4709653 3057000 3135200 11300 206001383 165994574 8986000 12736000 2882100 2936900 11000 181886574 151800197 8654880 11281498 2673801 3053100 15100 165994574 135689238 6845716 14755261 2516400 2960018 13600 151800197 0.11210 0.61640 0.27150 1 0 5857110 5857110 243698981 64404002 179294979 72426140 53244444 19181696 204333785 HEDGE FUNDS 22926339 C NON US EQUITY 16700847 C PRIVATE EQUITY 42747598 C US EQUITY 10364548 C OTHER FIXED INCOME 12891316 F SERVICES 2768480 C 108399128 POSTRETIREMENT HEALTH BENEFITS 12622917 TUITION GIFT CERTIFICATES 4048974 ANNUITY AND TRUST OBLIGATIONS 7738477 REFUNDABLE FEDERAL PERKINS LOAN ADVANCES 1443192 UNAMORTIZED DEBT ISSUANCE COSTS -733741 25119819 103798920 49849629 -57322311 -7472682 111271602 334151 55383087 55717238 166988840 95606110 0 95606110 334152 57322311 57656463 153262573 PART II, LINE 9: NOT REPORTED BECAUSE AMOUNT IS IMMATERIAL PART III, LINE 1A: THERE ARE NO FOOTNOTES IN THE AUDITED FINANCIAL STATEMENTS WHICH SPEAK TO UNRECORDED WORKS OF ART, HISTORICAL TREASURES, OR SIMILAR ASSETS PART III, LINE 4: THE COLLECTIONS AT CALVIN COLLEGE ARE MADE AVAILABLE TO STUDENTS, FACULTY, RESEARCHERS, AND THE GENERAL PUBLIC TO SUPPORT INSTRUCTION, RESEARCH, AND PUBLIC SERVICE. THE H. HENRY MEETER CENTER FOR CALVIN STUDIES IS A SPECIAL LIBRARY COLLECTION CONSISTING OF 6,000 SECONDARY SOURCES AND 500 16TH CENTURY EUROPEAN HISTORY AND THEOLOGY. HERITAGE HALL HAS 12,000 FEET OF MANUSCRIPT RECORDS WHICH DOCUMENTS THE HISTORY OF THE DUTCH IN NORTH AMERICA SINCE THE 1840'S. THE CENTER ART GALLERY MAINTAINS A PERMANENT COLLECTION OF NEARLY 18,000 WORKS OF ART THAT DATE FROM THE 1500'S TO THE PRESENT. MOST OF THE EARLY WORKS ARE OF EUROPEAN ORIGIN, WITH SOME NON-WESTERN REPRESENTATION FROM ASIA AND AFRICA, WHILE THE MORE RECENT WORKS ARE PRIMARILY AMERICAN, WITH AN EMPHASIS ON REGIONAL ARTISTS AND COLLEGE ALUMNI, FACULTY, AND STUDENTS. THE DICE MINERAL MUSEUM IS A WORLD CLASS COLLECTION OF RARE MINERALS COLLECTED BY A CALVIN ALUMNUS AND CONTRIBUTED TO CALVIN COLLEGE. AMONG THE 300 PIECES ARE EXAMPLES OF GOLD, FOSSILS, METEORITES, GEMSTONES, AND MINERALS USED IN THE PRODUCTION OF JEWELRY. PART V, LINE 4: ENDOWMENT FUNDS ARE USED TO CARRY OUT THE MISSION OF THE UNIVERSITY. THE MAJORITY OF SPENDABLE FUNDS ARE USED FOR FINANCIAL AID. SIGNIFICANT FUNDS ARE ALSO DEDICATED TO THE INSTRUCTIONAL, RESEARCH, AND PUBLIC SERVICE EFFORTS OF THE UNIVERSITY. TO A LESSER DEGREE, ENDOWMENTS ARE USED TO SUPPORT ACADEMIC SCHOLARSHIP, STUDENT SERVICES, AND THE PHYSICAL PLANT. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -57,322,311. PART XI, LINE 4B - OTHER ADJUSTMENTS: NON-OPERATING INVESTMENT INCOME 41,954,484. NON-OPERATING PRIVATE GIFTS AND GRANTS 13,428,603. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 57,322,311. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ADVERTISEMENTS IN LOCAL NEWSPAPERS ANNOUNCING REGISTRATION DATES AND UNIVERSITY PROGRAM OFFERINGS INCLUDE A SUMMARY STATEMENT OF THE NON-DISCRIMINATION POLICY. SCHEDULE E, PART I, LINE 6 CALVIN UNIVERSITY RECEIVES GRANTS AND FINANCIAL AID FROM VARIOUS FEDERAL AND STATE AGENCIES WHICH ARE USED IN THE DEVELOPMENT OF THE UNIVERSITY'S EXEMPT PURPOSE OF PROVIDING QUALITY EDUCATION. ON MARCH 11, 2020, THE WORLD HEALTH ORGANIZATION DECLARED THE OUTBREAK OF A RESPIRATORY DISEASE CAUSED BY A NEW CORONAVIRUS A PANDEMIC, NOW KNOWN AS COVID-19. IN RESPONSE TO THE COVID-19 PANDEMIC, GOVERNMENTS HAVE TAKEN PREVENTIVE OR PROTECTIVE ACTIONS, SUCH AS TEMPORARY CLOSURES OF NONESSENTIAL BUSINESSES AND SHELTER-IN-PLACE GUIDELINES FOR INDIVIDUALS. AS A RESULT, THE GLOBAL ECONOMY HAS BEEN NEGATIVELY AFFECTED, AND THE UNIVERSITY'S OPERATIONS WERE ALSO IMPACTED. THE UNIVERSITY SHIFTED TO A REMOTE ONLINE LEARNING ENVIRONMENT, SENT STUDENTS HOME DURING 2020, DELAYED TUITION RATE INCREASES, AND POSTPONED EVENTS, WHICH RESULTED IN LOST REVENUE FOR THE UNIVERSITY FOR THE YEARS ENDED JUNE 30, 2020 AND 2021. ADDITIONALLY, THE UNIVERSITY INCURRED SIGNIFICANT COSTS RELATED TO THE PANDEMIC, INCLUDING TESTING OF EMPLOYEES AND STUDENTS, QUARANTINE AND ISOLATION EXPENSES, AND ADDITIONAL SUPPLIES USED TO MITIGATE THE SPREAD OF COVID-19. TO OFFSET THE FINANCIAL IMPACT TO STUDENTS AND THE LOSSES INCURRED BY THE UNIVERSITY DUE TO THE DISRUPTION CAUSED BY COVID-19, THE UNIVERSITY RECEIVED GRANTS AND OTHER RELIEF PRIMARILY FROM THE FEDERAL GOVERNMENT STIMULUS PACKAGES THAT WERE PASSED. FROM THESE STIMULUS PACKAGES, THE UNIVERSITY WAS ALLOCATED HIGHER EDUCATION EMERGENCY RELIEF FUND (HEERF) GRANTS. DURING THE YEAR ENDED JUNE 30, 2020, THE UNIVERSITY WAS ALLOCATED HIGHER EDUCATION EMERGENCY RELIEF FUND GRANTS TOTALING $2,639,029 OF WHICH 50 PERCENT WAS REQUIRED TO BE GIVEN DIRECTLY TO STUDENTS. THE UNIVERSITY RECOGNIZED HEERF GRANT REVENUE TOTALING $2,639,029 DURING THE YEAR ENDED JUNE 30, 2020. DURING THE YEAR ENDED JUNE 30, 2021, THE UNIVERSITY WAS ALLOCATED ADDITIONAL HEERF GRANTS TOTALING $3,829,529 AND $6,813,000 IN TWO SUBSEQUENT AWARDS, OF WHICH $4,727,000 IS REQUIRED TO BE GIVEN DIRECTLY TO STUDENTS. OF THE HEERF GRANTS ALLOCATED TO THE UNIVERSITY DURING 2021, THE UNIVERSITY RECOGNIZED HEERF GRANT REVENUE TOTALING $3,755,514. 1 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 INSTITITUTIONAL ACADEMIC AID EDUCATION SERVICES 10375 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 3 3 INSTITITUTIONAL ACADEMIC AID EDUCATION SERVICES 7050 0 3 0 0 0 3 17425 0 17425 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES PUBLIC SERVICE 52965 CHECK SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, PUBLIC SERVICE 21420 WIRE TRANSFER 10 0 INSTITUTIONAL ACADEMIC AID INSTITUTIONAL ACADEMIC AID 1 10375 CHARGES AGAINST TUITION INSTITUTIONAL ACADEMIC AID INSTITUTIONAL ACADEMIC AID 1 7050 CHARGES AGAINST TUITION 1 0 0 1 0 0 PART I, LINE 2: THE METHODS USED TO MONITOR FUNDS INCORPORATE THE FOLLOWING CORE CONCEPTS: A) EXPECTATIONS ARE DOCUMENTED, B) A BUDGET IS ESTABLISHED, C) WRITTEN REPORTS ARE REQUIRED, D) THE UNIVERSITY BUDGET OFFICER REVIEWS REPORTS AND MONITORS THE RELATED BUDGET, E) THE UNIVERSITY BUDGET OFFICER CONTACTS OVERSEAS ORGANIZATIONS TO VERIFY THAT THE RECIPIENT IS ENGAGED AS PLANNED. METHOD 2: IN CASE OF STUDENT FINANCIAL AID, ACADEMIC PROGRESS IS MONITORED. PART III ACCOUNTING METHOD: X X X X X X X 1 MONEY FOR MINISTRY PO BOX 35 LOWELL MI 49331 PLANNED GIVING CONSULTING 0 0 13507 -13507 RUFFALO NOEL LEVITZ PO BOX 718 DES MOINES IA 50303 DIGITAL ENGAGEMENT FEE 0 0 150027 -150027 163534 -163534 CALVIN ATHLETICS GOLF OUTING 2020 69000 44500 24500 9407 17970 839 CALVIN ATHLETICS GOLF OUTING 2021 96647 63897 32750 3400 31610 1570 165647 108397 57250 12807 49580 2409 64796 -7546 PART II FUNDRASING EVENTS: DUE TO THE COVID-19 PANDEMIC, THE 2020 CALVIN ATHLETICS GOLF OUTING WAS HELD LATE CAUSING TWO GOLF OUTINGS TO OCCUR IN THE FISCAL YEAR ENDING 6/30/21 1 HOPE COLLEGE 141 E 12TH STREET HOLLAND MI 49423 381381271 501(C)(3) 32122 WORSHIP RENEWAL PROJECT FULLER THEOLOGICAL SEMINARY 135 NORTH OAKLAND AVE PASADENA CA 91182 951699394 501(C)(3) 17973 WORSHIP RENEWAL PROJECT CRISTO REY JESUIT HIGH SCHOOL 2924 4TH AVE SOUTH MINNEAPOLIS MN 554080268 204548714 501(C)(3) 14000 WORSHIP RENEWAL PROJECT COLUMBIA THEOLOGICAL SEMINARY INC PO BOX 520 DECATUR GA 30031 580566165 501(C)(3) 9000 WORSHIP RENEWAL PROJECT UNION PRESBYTERIAN SEMINARY 3401 BROOK ROAD RICHMOND VA 23227 540506428 501(C)(3) 9000 WORSHIP RENEWAL PROJECT UNIVERSITY OF DALLAS 1845 E NORTHGATE DR IRVING TX 75062 750926755 501(C)(3) 9000 WORSHIP RENEWAL PROJECT UNITED MINISTRIES IN HIGHER EDUCATIONEKKLESIA MSU 626 E GRAND ST SPRINGFIELD MO 65807 510155226 501(C)(3) 9000 WORSHIP RENEWAL PROJECT TRINITY EVANGELICAL DIVINITY SCHOOL 2065 HALF DAY ROAD DEERFIELD IL 60015 362216176 501(C)(3) 9000 WORSHIP RENEWAL PROJECT TRINITY UNITED METHODIST CHURCH LAKE CITY FL 1145 NE BASCOM NORRIS DR LAKE CITY FL 32055 593758972 501(C)(3) 9000 WORSHIP RENEWAL PROJECT LEE UNIVERSITY 1120 N OCOEE ST CLEVELAND TN 37311 620502739 501(C)(3) 9000 WORSHIP RENEWAL PROJECT NATIONAL ASSOCIATION OF THE CHURCH OF GOD 410 CAMPGROUND RD BOX 357 WEST MIDDLESEX PA 16159 251286110 501(C)(3) 9000 WORSHIP RENEWAL PROJECT ANABAPTIST MENNONITE BIBLICAL SEMINARY 3003 BENHAM AVENUE ELKHART IN 46517 351902148 501(C)(3) 9000 WORSHIP RENEWAL PROJECT AZUSA PACIFIC UNIVERSITY 901 E ALOSTA AVE PO BOX 7000 AZUSA CA 917022701 951744369 501(C)(3) 9000 WORSHIP RENEWAL PROJECT BOSTON UNIVERSITY 745 COMMONWEALTH AVENUE BOSTON MA 02215 042103547 501(C)(3) 9000 WORSHIP RENEWAL PROJECT UNIVERSITY OF WISCONSIN MILWAUKEE 1852 VAN HISE HALL 1220 LINDEN DRIVE MADISON WI 53706 396006492 501(C)(3) 9000 WORSHIP RENEWAL PROJECT CONCORDIA UNIVERSITY ST PAUL 1282 CONCORDIA AVE ST PAUL MN 55104 410696906 501(C)(3) 9000 WORSHIP RENEWAL PROJECT DALLAS INTERNATIONAL UNIVERSITY 7500 WEST CAMP WISDOM ROAD DALLAS TX 75236 752760831 501(C)(3) 9000 WORSHIP RENEWAL PROJECT DORDT UNIVERSITY 498 4TH AVE NE SIOUX CENTER IA 51250 752760832 501(C)(3) 9000 WORSHIP RENEWAL PROJECT SAINT MEINRAD ARCHABBEY 200 HILL DR ST MEINRAD IN 47577 350868161 501(C)(3) 9000 WORSHIP RENEWAL PROJECT DURHAMCARES INC PO BOX 331 DURHAM NC 27702 262689130 501(C)(3) 9000 WORSHIP RENEWAL PROJECT GOSHEN COLLEGE 1700 S MAIN STREET GOSHEN IN 46526 352158366 501(C)(3) 9000 WORSHIP RENEWAL PROJECT INDIANA WESLEYAN UNIVERSITY 4201 S WASHINGTON ST MARION IN 46953 350885591 501(C)(3) 9000 WORSHIP RENEWAL PROJECT SEABURY RESOURCES FOR AGING 6031 KANSAS AVENUE NW WASHINGTON DC 20011 530204693 501(C)(3) 9000 WORSHIP RENEWAL PROJECT WHEATON COLLEGE 501 E COLLEGE AVE WHEATON IL 60187 362182171 501(C)(3) 9000 WORSHIP RENEWAL PROJECT MCCORMICK THEOLOGICAL SEMINARY 5460 S UNIVERSITY AVE CHICAGO IL 60615 362167802 501(C)(3) 9000 WORSHIP RENEWAL PROJECT MENNOMEDIA INC BOX 866 HARRISONBURG VA 22803 540575805 501(C)(3) 9000 WORSHIP RENEWAL PROJECT MERCER UNIVERSITY 1501 MERCER UNIVERSITY DR MACON GA 31207 580566167 501(C)(3) 9000 WORSHIP RENEWAL PROJECT GARRETT-EVANGELICAL THEOLOGICAL SEMINARY 2121 SHERIDAN RD EVANSTON IL 60201 362167085 501(C)(3) 8893 WORSHIP RENEWAL PROJECT WESTERN THEOLOGICAL SEMINARY 101 E 13TH ST HOLLAND MI 49423 382009204 501(C)(3) 8850 WORSHIP RENEWAL PROJECT UNIVERSITY OF WEST GEORGIA 1601 MAPLE STREET MANDEVILLE HALL CARROLLTON GA 30118 586002055 501(C)(3) 8786 WORSHIP RENEWAL PROJECT DUKE UNIVERSITY 401 CHAPEL DRIVE DUKE BOX 90974 DURHAM NC 277080974 560532129 501(C)(3) 8668 WORSHIP RENEWAL PROJECT EMORY UNIVERSITY 1531 DICKEY DRIVE ATLANTA GA 30322 580566256 501(C)(3) 8138 WORSHIP RENEWAL PROJECT PRINCETON THEOLOGICAL SEMINARY 64 MERCER STREET PRINCETON NJ 085420803 210635010 501(C)(3) 7500 WORSHIP RENEWAL PROJECT SIDEBAR STORIES 120 BUTTONWOOD ST MOUNT HOLLY NJ 08060 474085247 501(C)(3) 7500 WORSHIP RENEWAL PROJECT TRINITY CHURCH OF WENATCHEE PO BOX 2598 WENATCHEE WA 98807 271446356 501(C)(3) 7500 WORSHIP RENEWAL PROJECT PROSKUNEO MINISTRIES INC 3526 CLOUDLAND DR STONE MOUNTAIN GA 30083 210635011 501(C)(3) 7500 WORSHIP RENEWAL PROJECT SOUTH MERIDIAN CHURCH OF GOD 2402 MERIDIAN ST ANDERSON IN 46016 356000366 501(C)(3) 7500 WORSHIP RENEWAL PROJECT HOLY CROSS EV LUTHERAN CHURCH- ST LOUIS MO 2650 MIAMI ST ST LOUIS MO 63118 430653326 501(C)(3) 7500 WORSHIP RENEWAL PROJECT NEW HOPE PRESBYTERIAN CHURCH 191 N ORANGE ST ORANGE CA 92866 611862040 501(C)(3) 7500 WORSHIP RENEWAL PROJECT VOLUNTEERS OF AMERICA NORTHERN ROCKIES 1876 S SHERIDAN AVE SHERIDAN WY 82801 830280532 501(C)(3) 7500 WORSHIP RENEWAL PROJECT GRACE BAPTIST CHURCH - RICHMOND VA 4200 DOVER ROAD RICHMOND VA 23221 540557502 501(C)(3) 7500 WORSHIP RENEWAL PROJECT NOT SO CHURCHY INC 648 BROADWAY SUITE 906 NEW YORK NY 10012 822418096 501(C)(3) 7500 WORSHIP RENEWAL PROJECT FORT WASHINGTON COLLEGIATE CHURCH 729 WEST 181ST ST NEW YORK NY 10033 135564117 501(C)(3) 7500 WORSHIP RENEWAL PROJECT ALLEN CHAPEL AME CHURCH 35539 SCHOOLCRAFT RD LIVONIA MI 48150 382842889 501(C)(3) 7500 WORSHIP RENEWAL PROJECT FIRST BAPTIST CHURCH OF WINSTON SALEM 501 WEST FIFTH ST WINSTONSALEM NC 27101 560599227 501(C)(3) 7500 WORSHIP RENEWAL PROJECT AU SABLE INSTITUTE 7526 SUNSET TRAIL NE MANCELONA MI 49659 381713340 501(C)(3) 7500 WORSHIP RENEWAL PROJECT ASBURY THEOLOGICAL SEMINARY 204 N LEXINGTON AVE WILMORE KY 403901199 610445823 501(C)(3) 7500 WORSHIP RENEWAL PROJECT TUALATIN PRESBYTERIAN CHURCH 9230 SW SILETZ DRIVE TUALATIN OR 97062 930967181 501(C)(3) 7500 WORSHIP RENEWAL PROJECT CITY CHAPEL 1254 ORVILLE ST SE GRAND RAPIDS MI 49507 822207773 501(C)(3) 7500 WORSHIP RENEWAL PROJECT EDEN THEOLOGICAL SEMINARY 475 E LOCKWOOD AVENUE ST LOUIS MO 63119 430654855 501(C)(3) 7500 WORSHIP RENEWAL PROJECT FIRST COMMUNITY AME CHURCH 500 JAMES AVE SE GRAND RAPIDS MI 49503 381853622 501(C)(3) 7500 WORSHIP RENEWAL PROJECT FIRST PRESBYTERIAN CHURCH OF BELLINGHAM 1031 N GARDEN ST BELLINGHAM WA 98225 910620634 501(C)(3) 7500 WORSHIP RENEWAL PROJECT FIRST PRESBYTERIAN CHURCH OF BROOKLYN 124 HENRY ST BROOKLYN NY 11201 111630795 501(C)(3) 7500 WORSHIP RENEWAL PROJECT SERENITY THE PRINCE OF PEACE CHURCH 3412 E PROSPECT STREET INDIANAPOLIS IN 46203 812565589 501(C)(3) 7500 WORSHIP RENEWAL PROJECT FIRST CHURCH IN WINDSOR 107 PALISADO AVE WINDSOR CT 06095 066010148 501(C)(3) 7500 WORSHIP RENEWAL PROJECT CHRIST CHURCH UCC MAPLEWOOD 2200 BELLEVUE AVE MAPLEWOOD MO 63143 430699787 501(C)(3) 7500 WORSHIP RENEWAL PROJECT LIGHT OF HOPE PRESBYTERIAN CHURCH 1507 HURT RD SW MARIETTA GA 30008 461788482 501(C)(3) 7483 WORSHIP RENEWAL PROJECT FIRST CONGREGATIONAL CHURCH OF WEBSTER GROVES 10 WEST LOCKWOOD AVE WEBSTER GROVES MO 63119 430652633 501(C)(3) 7425 WORSHIP RENEWAL PROJECT FIRST CHRISTIAN CHURCH OF ORANGE 1130 E WALNUT ORANGE CA 92867 952005833 501(C)(3) 7250 WORSHIP RENEWAL PROJECT SHERBURNE UNITED CHURCH OF CHRIST 1 SOUTH MAIN STREET SHERBURNE NY 13460 134332939 501(C)(3) 7017 WORSHIP RENEWAL PROJECT MOUNT OLIVE LUTHERAN CHURCH 2830 18TH AVE NW ROCHESTER MN 55901 411461244 501(C)(3) 7000 WORSHIP RENEWAL PROJECT WAKE FOREST BAPTIST CHURCH IN WINSTON-SALEM PO BOX 7326 WINSTONSALEM NC 27109 566015011 501(C)(3) 6913 WORSHIP RENEWAL PROJECT SAINT THOMAS MORE CATHOLIC COMMUNITY 1079 SUMMIT AVENUE SAINT PAUL MN 55105 410694738 501(C)(3) 6874 WORSHIP RENEWAL PROJECT ARTISTS IN CHRISTIAN TESTIMONY INTL INC (CARDIPHONIA) PO BOX 1649 BRENTWOOD TN 37024 953660821 501(C)(3) 6450 WORSHIP RENEWAL PROJECT TRINITY CHURCH OF NORTHBOROUGH 23 MAIN ST NORTHBOROUGH MA 01532 042277212 501(C)(3) 6435 WORSHIP RENEWAL PROJECT RED MOUNTAIN COMMUNITY CHURCH 6101 EAST VIRGINIA STREET MESA AZ 85215 860650019 501(C)(3) 6000 WORSHIP RENEWAL PROJECT FIRST MISSIONARY BAPTIST CHURCH INC 3509 BLUE SPRING ROAD HUNTSVILLE AL 35810 630779009 501(C)(3) 6000 WORSHIP RENEWAL PROJECT NORTHWESTERN COLLEGE 101 7TH ST SW ORANGE CITY IA 51041 420698196 501(C)(3) 6000 WORSHIP RENEWAL PROJECT GOOD SHEPHERD UNITED CHURCH OF CHRIST 1050 NW MAYNARD RD CARY NC 27513 561644949 501(C)(3) 5843 WORSHIP RENEWAL PROJECT CLINTON COLLEGE 1029 CRAWFORD ROAD ROCK HILL SC 29730 570387838 501(C)(3) 5597 WORSHIP RENEWAL PROJECT MILILANI PRESBYTERIAN CHURCH AND PRESCHOOL 95-410 KUAHELANI AVENUE MILILANI HI 96789 990143281 501(C)(3) 5590 WORSHIP RENEWAL PROJECT ST ELIZABETH'S EPISCOPAL CHURCH 1188 HAMP MILL RD DAHLONEGA GA 30533 581819724 501(C)(3) 5575 WORSHIP RENEWAL PROJECT GUSTAVUS ADOLPHUS COLLEGE 800 W COLLEGE AVENUE SAINT PETER MN 56082 410695524 501(C)(3) 5570 WORSHIP RENEWAL PROJECT THE BELLBROOK PRESBYTERIAN CHURCH 72 W FRANKLIN ST BELLBROOK OH 45305 510149076 501(C)(3) 5484 WORSHIP RENEWAL PROJECT 74 0 INSTITUTIONAL ACADEMIC AID 3020 55968880 0 FINANCIAL AID MADE AVAILABLE TO STUDENTS AS ASSISTANCE TO PURSUE ACADEMIC STUDIES PART I, LINE 2: THE METHOD USED TO MONITOR FUNDS INCORPORATE THE FOLLOWING CORE CONCEPTS: A) EXPECTATIONS ARE DOCUMENTED, B) A BUDGET IS ESTABLISHED, C) WRITTEN REPORTS ARE REQUIRED, D) THE UNIVERSITY BUDGET OFFICER REVIEWS REPORTS AND MONITORS THE RELATED BUDGET, E) THE UNIVERSITY BUDGET OFFICER CONTACTS OVERSEAS ORGANIZATIONS TO VERIFY THAT THE RECIPIENT IS ENGAGED AS PLANNED. METHOD 2: IN CASE OF STUDENT FINANCIAL AID, ACADEMIC PROGRESS IS MONITORED. X X 1 1 X X X X 1 1 0 0 0 0 0 0 0 DR MICHAEL LEROY PRESIDENT 347990 0 0 0 29637 0 14566 0 24454 0 416647 0 0 0 DR CHERYL BRANDSEN PROVOST 182534 0 0 0 396 0 7711 0 20728 0 211369 0 0 0 JAMES ENGLISH VP OF FINANCE AND ADMINISTRATION 199818 0 0 0 90 0 6230 0 606 0 206744 0 0 0 KENNETH ERFFMEYER VP FOR ADVANCEMENT 172726 0 0 0 258 0 7240 0 25246 0 205470 0 0 0 REV JOHN WITVLIET DIRECTOR OF INSTITUTE OF CHRISTIAN W 114916 0 0 0 138 0 5794 0 55004 0 175852 0 0 0 DR LAURA CHAMPION DIRECTOR OF HEALTH SERVICE 159590 0 0 0 138 0 6180 0 19067 0 184975 0 0 0 LAUREN JENSEN VP FOR ENROLLMENT 142198 0 0 0 54 0 6120 0 24454 0 172826 0 0 0 DR SARAH VISSER VP FOR STUDENT LIFE 145916 0 0 0 60 0 6100 0 19699 0 171775 0 0 0 TODD HUBERS VP FOR PEOPLE, STRATEGY, AND TECHNOL 139139 0 0 0 258 0 6035 0 21361 0 166793 0 0 0 A MICHIGAN FINANCE AUTHORITY REVENUE REFUNDING SERIES 2021 800596186 594479GL5 2021-04-13 73421766 REFUNDING BONDS 0 0 0 A 73421766 591766 72830000 1 0 1 1 A 0 0 1 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 1 1 1 0 0 0 0 1 A 1 SCHEDULE K, PART III, LINE 3A THERE IS A FOOD SERVICE CONTRACT THAT QUALIFIES FOR A SAFE HARBOR UNDER REV. PROC. 97-13. SCHEDULE K, PART IV, LINE 2C THE REBATE CALCULATION IS NOT REQUIRED AT THIS TIME. IT IS EXPECTED THAT THE SERIES 2021 BONDS WILL QUALIFY FOR A REBATE EXCEPTION. X 10 FAIR MARKET VALUE X 1 3134 FAIR MARKET VALUE X 139 2903859 FAIR MARKET VALUE X 2 240785 FAIR MARKET VALUE X 2 542128 FAIR MARKET VALUE X 1 595 FAIR MARKET VALUE 0 1 0 PART I, LINE 33: THE UNIVERSITY DOES NOT CAPITALIZE COLLECTIONS, INCLUDING ARTWORK AND COLLECTIBLES AS ELECTED UNDER FASB ASC 958 AND THEREFORE, NO REVENUE IS REPORTED IN COLUMN (C) OF LINE 18. PART 1, COLUMN (B) LISTS THE NUMBER OF CONTRIBUTIONS. THE UNIVERSITY USES A THIRD PARTY TO SELL STOCK GIFTS. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE IRS FORM 990 AND RELATED ATTACHMENTS ARE PROVIDED TO EACH MEMBER OF THE AUDIT COMMITTEE FOR REVIEW, COMMENT, AND REVISION PRIOR TO ELECTRONIC FILING. THE REVIEW IS APPROVED BY THE AUDIT COMMITTEE MEETING WHICH IS THEN REPORTED TO THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, ALL BOARD MEMBERS AND ALL AD HOC INVESTMENT COMMITTEE MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT AND DISCLOSE ANY CONFLICTS OF INTEREST. THESE ARE SUBMITTED TO THE PRESIDENT'S OFFICE AND A SUMMARY OF IDENTIFIED CONFLICTS IS PRESENTED TO THE AUDIT COMMITTEE ANNUALLY IN ITS FEBRUARY MEETING FOR THEIR REVIEW. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES ANNUALLY APPOINTS A COMMITTEE TO REVIEW THE PRESIDENT'S SALARY BY COMPARISON TO A SET OF THIRTY PEER INSTITUTIONS. THIS COMMITTEE THEN MAKES A RECOMMENDATION TO THE EXECUTIVE COMMITTEE OF THE BOARD FOR IMPLEMENTATION. THE OTHER OFFICERS' SALARIES ARE REVIEWED WITH THE PRESIDENT IN LIGHT OF BENCHMARKED SALARIES FROM THE SAME SET OF THIRTY PEER INSTITUTIONS. SALARY CHANGES ARE MADE IN RESPONSE TO THOSE BENCHMARKS OF COMPENSATION FOR COMPARABLE POSITIONS AT PEER INSTITUTIONS. BENCHMARKED SALARY INFORMATION IS GATHERED FROM THE UNIVERSITY AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES (CUPA-HR) ON-DEMAND SERVICE SURVEY FORM 990, PART VI, SECTION C, LINE 19 CALVIN UNIVERSITY AUDITED FINANCIAL STATEMENTS AND FORM 990 ARE POSTED ON THE UNIVERSITY'S WEBSITE. OTHER GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGES IN THE VALUE OF SPLIT INTEREST AGREEMENTS 387,919. ADJUSTMENT TO PRIOR SERVICE COST AND ACTUARIAL LIABILITY FOR RETIREE HEALTH 1,230,282. CHANGES IN THE VALUE OF INTEREST RATE SWAP AGREEMENTS 7,182,176.