Calvin University
- Assets
- $488.7m
- Revenue
- $185.9m
- Investments
- $69.8m
- Employees
- 2,818
- Location
- Grand Rapids, MI
- Founding
- 06/1993
- Data as of
- 06/2019
- EIN
- 38-3071514
Organization Overview
Calvin University is located in Grand Rapids, MI. The organization was established in 1993. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, Calvin University employed 2,818 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Calvin University is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2019, Calvin University generated $185.9m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $176.1m during the year ending 06/2019. While expenses have increased by 0.7% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Calvin University has awarded 348 individual grants totaling $2,862,549. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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.
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.
OTHER UNIVERSITY EXPENSES INCLUDE, BUT ARE NOT LIMITED TO AUXILIARY SERVICES, RESEARCH, MAINTENANCE OF GROUNDS AND BUILDINGS, AND PUBLIC SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Michael Leroy President | Officer | 40 | $377,627 |
James English VP Of Finance And Administration | Officer | 40 | $199,908 |
Dr Cheryl Brandsen Provost | Officer | 40 | $182,930 |
Kenneth Erffmeyer VP For Advancement | Officer | 40 | $172,984 |
Dr Laura Champion Director Of Health Service | 40 | $159,728 | |
Dr Sarah Visser VP For Student Life | 40 | $145,976 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gdk Construction Co Construction | 6/29/21 | $875,351 |
Workday Software | 6/29/21 | $854,158 |
Incline Alchemy Inc Software | 6/29/21 | $1,692,306 |
Gmb Architecture & Engineering Architecture & Engineering | 6/29/21 | $1,056,255 |
Midwest Collaborative For Library Servic Library | 6/29/21 | $538,690 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,062,284 |
| Investment income | $4,977,788 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,066,660 |
| Net Income from Fundraising Events | -$19,599 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $185,893,983 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $54,683,004 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,428,894 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,971,104 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $50,380,260 |
| Pension plan accruals and contributions | $3,197,150 |
| Other employee benefits | $12,432,855 |
| Payroll taxes | $3,525,415 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $201,538 |
| Fees for services: Accounting | $83,418 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $37,877 |
| Fees for services: Investment Management | $244,148 |
| Fees for services: Other | $1,885,660 |
| Advertising and promotion | $538,165 |
| Office expenses | $5,288,900 |
| Information technology | $1,424,612 |
| Royalties | $0 |
| Occupancy | $12,215,430 |
| Travel | $4,661,298 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,481,902 |
| Interest | $27,882 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,536,986 |
| Insurance | $335,800 |
| All other expenses | $0 |
| Total functional expenses | $176,102,407 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,430,474 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $10,295,768 |
| Accounts receivable, net | $6,041,793 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,002,005 |
| Investments—publicly traded securities | $178,333,441 |
| Investments—other securities | $69,806,326 |
| Investments—program-related | $2,582,030 |
| Intangible assets | $0 |
| Other assets | $1,589,231 |
| Total assets | $488,669,511 |
| Accounts payable and accrued expenses | $11,425,164 |
| Grants payable | $0 |
| Deferred revenue | $5,429,282 |
| Tax-exempt bond liabilities | $75,540,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $45,867,997 |
| Total liabilities | $138,262,443 |
| Net assets without donor restrictions | $161,329,228 |
| Net assets with donor restrictions | $64,870,751 |
| Capital stock or trust principal, or current funds | $124,207,089 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $350,407,068 |
Grants Awarded
Over the last fiscal year, Calvin University has awarded $617,936 in support to 74 organizations.
| Grant Recipient | Amount |
|---|---|
Holland, MI PURPOSE: WORSHIP RENEWAL PROJECT | $32,122 |
Pasadena, CA PURPOSE: WORSHIP RENEWAL PROJECT | $17,973 |
Minneapolis, MN PURPOSE: WORSHIP RENEWAL PROJECT | $14,000 |
St Meinrad, IN PURPOSE: WORSHIP RENEWAL PROJECT | $9,000 |
Wheaton, IL PURPOSE: WORSHIP RENEWAL PROJECT | $9,000 |
Decatur, GA PURPOSE: WORSHIP RENEWAL PROJECT | $9,000 |
Grants Recieved
Over the last fiscal year, we have identified 59 grants that Calvin University has recieved totaling $1,769,866.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $249,825 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $213,804 |
Christian Missionary Scholarship Foundation Las Vegas, NV PURPOSE: SCHOLARSHIPS | $182,125 |
Michigan Colleges Alliance Southfield, MI PURPOSE: EDUCATION | $109,290 |
United Way Of Greater Milwaukee & Waukesha County Inc Milwaukee, WI PURPOSE: DONOR DESIGNATIONS | $100,000 |
Elizabeth Hekman Gordon Family Foundation Spring Lake, MI PURPOSE: EDUCATION | $75,000 |
Endowment Analysis
| Beg. Balance | $206,001,383 |
| Earnings | $49,034,394 |
| Admin Expense | $6,600 |
| Net Contributions | $9,099,396 |
| Other Expense | $3,719,668 |
| Grants | $3,443,732 |
| Ending Balance | $256,965,173 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Dayton Dayton, OH | $1,782,604,426 | $747,930,230 |
Marquette University Milwaukee, WI | $1,675,810,000 | $679,500,550 |
Butler University Indianapolis, IN | $771,199,903 | $355,703,084 |
Xavier University Cincinnati, OH | $682,170,280 | $308,233,290 |
The Lutheran University Association Inc Valparaiso, IN | $578,078,702 | $192,641,554 |
University Of Indianapolis Indianapolis, IN | $306,225,107 | $207,052,087 |
Calvin University Grand Rapids, MI | $488,669,511 | $185,893,983 |
John Carroll University University Heights, OH | $596,841,319 | $177,797,670 |
University Of Detroit Mercy Detroit, MI | $289,746,215 | $171,830,708 |
Baldwin Wallace University Berea, OH | $362,531,301 | $151,897,544 |
Ashland University Ashland, OH | $314,084,834 | $179,414,778 |
Capital University Columbus, OH | $268,714,019 | $130,364,593 |