2024-11-15T10:02:43-06:00 2024-06-30 931743146 EIFEL RAMBO ADVISORY GROUP LTD 20635 ABBEY WOODS CT SUITE 301 FRANKFORT IL 60423 990 2023-07-01 421164750 MID-AMERICA REFORMED SEMINARY MID- 2198642400 229 SEMINARY DRIVE DYER IN 46311 REV TODD JOLING PRESIDENT OF THE BOARD 2198642400 2024-11-12 1 0 MATT BECKLEY P00331163 7086282365 2023 2024-10-15 13:58:12Z REV TODD JOLING 229 SEMINARY DRIVE DYER IN 46311 8509645 0 X WWW.MIDAMERICA.EDU X 1981 IA TO PREPARE STUDENTS FOR THE MINISTRY OF THE GOSPEL IN REFORMED AND PRESBYTERIAN CHURCHES. 18 18 35 28 0 0 3286607 3572301 288778 248722 182761 586546 -3146 11014 3755000 4418583 257014 317185 0 0 1739430 1809593 0 0 232178 884509 899258 2880953 3026036 874047 1392547 11083474 13894778 42893 1271158 11040581 12623620 MID-AMERICA REFORMED SEMINARY SEEKS TO SERVE THE CHURCH BY PREPARING STUDENTS FOR GOSPEL MINISTRY AS PASTORS, OR THOSE WHOSE SERVICE TO THE CHURCH MAY BE ENHANCED BY THEOLOGICAL EDUCATION. 0 0 1725878 253629 INSTRUCTIONAL-COURSES OFFERED IN RELIGIOUS EDUCATIOINTHE MASTER OF DIVINITY (M. DIV.) DEGREE PROGRAM PREPARES STUDENTS FOR THE ORDAINED GOSPEL MINISTRY AS PASTORS, CHAPLAINS, MISSIONARIES, AND EVANGELISTS.THE MASTER OF THEOLOGICAL STUDIES (MTS) DEGREE PROGRAM IS A TWO-YEAR PROGRAM FOR STUDENTS WHO DESIRE THEOLOGICAL EDUCATION BUT DO NOT SEEK ORDINATION. THE PURPOSE OF THE MTS DEGREE IS TO PREPARE STUDENTS FOR FURTHER GRADUATE STUDY OR TO IMPART THEOLOGICAL KNOWLEDGE THAT MAY SERVE TO ENHANCE TRAINING RECEIVED IN OTHER FIELDS.MID-AMERICA ALSO OFFERS ABBREVIATED AND INDIVIDUAL PROGRAMS OF STUDY THAT WILL ALLOW THE STUDENT TO RECEIVE A CERTIFICATE OF EDUCATION. 331508 293253 STUDENT SUPPORT PROGRAM INCLUDES FINANCIAL AID TO STUDENTS AND NUMEROUS STUDENT ACTIVITIES. 2057386 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 1 0 1 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 10 0 1 35 1 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 1 1 0 1 1 0 0 1 0 0 0 1 1 0 AZ CA CO FL IA IL MA MD MI NH NJ NY OH SC WA X SONJA VOOYS 2198642400 229 SEMINARY DRIVE DYER IN 46311 DR CORNELIS P VENEMA PRESIDENT 1.00 X X 151971 0 18637 REV TODD JOLING PRESIDENT 0.00 X X 0 0 0 REV PAUL MURPHY VICE PRESIDENT 0.00 X X 0 0 0 BRYAN HOLSTROCM TREASURER 0.00 X X 0 0 0 DR EDWIN KREYKES SECRETARY 0.00 X X 0 0 0 REV VALENTIN ALPUCHE DIRECTOR 0.00 X 0 0 0 TIM BEEZHOLD DIRECTOR 0.00 X 0 0 0 JOHN BOEKESTYN DIRECTOR 0.00 X 0 0 0 DR CAMDEN BUCEY DIRECTOR 0.00 X 0 0 0 BOB CLAUSING DIRECTOR 0.00 X 0 0 0 JEFF HUIZENGA DIRECTOR 0.00 X 0 0 0 PAUL HUIZENGA DIRECTOR 0.00 X 0 0 0 REV EDWARD MARCUSSE DIRECTOR 0.00 X 0 0 0 REV BILL POLS DIRECTOR 0.00 X 0 0 0 DR TIMOTHY SCHEUERS DIRECTOR 0.00 X 0 0 0 DENIIS SCHREUR DIRECTOR 0.00 X 0 0 0 HERB SINKE DIRECTOR 0.00 X 0 0 0 REV HARRY ZEKVELD DIRECTOR 0.00 X 0 0 0 REV RICHARD ZEKVELD DIRECTOR 0.00 X 0 0 0 151971 0 18637 1 0 1 0 0 16745 752485 2803071 475 3572301 TUITION AND FEES 900099 248722 248722 248722 360833 360833 4297240 4071527 225713 225713 225713 22194 16745 16087 6107 6107 7658 3448 4210 4210 MISCELLANEOUS 900099 697 697 697 4418583 253629 0 592653 232493 232493 84692 84692 170605 102362 68243 1157745 766863 297722 93160 88390 55728 24114 8548 351249 220521 99717 31011 41604 11828 22681 7095 16856 16856 44267 44267 126236 122863 3373 69062 53132 8370 7560 99669 47346 12155 40168 128879 95371 22951 10557 76693 53952 15160 7581 103547 36726 51670 15151 91653 67885 16298 7470 6830 4781 1366 683 MISCELLANEOUS 58309 39724 17746 839 PERIODICALS 38143 38143 FEES 18003 1865 13783 2355 STUDENT ACTIVITIES 12584 12584 8527 8527 3026036 2057386 736472 232178 645 67 1031985 1357782 1118 621 37000 31667 14461 12271 108028 137322 6446135 2334146 2108496 4111989 7781741 8243059 11083474 13894778 40209 1224378 2684 46780 42893 1271158 X 9854181 11777410 1186400 846210 11040581 12623620 11083474 13894778 1392547 190492 0 X X 0 1 X 1 0 X 3397450 2642092 2938388 3286607 3572301 15836838 3397450 2642092 2938388 3286607 3572301 15836838 15836838 159421 188019 329507 269963 360833 1307743 17144581 0.92370 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1186400 533150 85019 -958359 846210 433257 793041 51652 -91550 1186400 742432 339440 -33398 615217 433257 536299 130520 156108 80492 742432 539754 90764 35985 130204 536299 0 0 370544 370544 4695752 1791601 2904151 659916 483770 176146 719923 58775 661148 4111989 FUNDS HELD AS AGENT FOR MID-AMERICA REFORMED SEMINARY FOUNDATION 46780 46780 X 4609075 190492 190492 4418583 0 4418583 0 0 0 0 0 PART V, LINE 4: THE SEMINARY HAS A POLICY OF APPROPRIATING FOR DISTRIBUTION EACH YEAR THE TOTAL INTEREST AND DIVIDEND INCOME FROM ITS ENDOWMENT FUNDS. IN ESTABLISHING THIS POLICY, THE SEMINARY CONSIDERED THE LONG-TERM EXPECTED RETURN ON ITS ENDOWMENT. THIS IS CONSISTENT WITH THE SEMINARY'S OBJECTIVE TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS HELD IN PERPETUITY OR FOR A SPECIFIED TERM. PART X, LINE 2: FIN 48 NOTE TO AUDITED FINANCIAL STATEMENTS MID-AMERICA REFORMED SEMINARY WAS GRANTED AN EXEMPTION FROM FEDERAL INCOME TAXES BY THE INTERNAL REVENUE SERIVICE PURSUANT TO THE PROVISIONS OF INTERNAL REVENUE CODE SECTION 501(C)(3). THE ORGANIZATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A)(VI) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(1). THE TAX EXEMPT PURPOSE OF THE ORGANIZATION AND THE NATURE IN WHICH THEY OPERATE ARE DESCRIBED IN THE FIRST TWO PARAGRAPHS OF NOTE 1. THE ORGANIZATION CONTINUES TO OPERATE IN COMPLIANCE WITH IT'S TAX EXEPMT PURPOSE. THE ORGANIZATIONS' ANNUAL INFORMATIONAL RETURNS FILED WITH THE FEDERAL AND STATE GOVERNMENTS ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR THREE YEARS AFTER FILING. 0 NORTH AMERICA 0 0 STUDENT AID GIVEN TO FOREIGN STUDENT TO STUDY AT THE SEMINARY IN INDIANA INSTRUCTIONAL 84692 0 0 0 0 0 0 84692 0 84692 STUDENT AID GIVEN TO FOREIGN STUDENT TO STUDY AT THE SEMINARY IN INDIANA NORTH AMERICA 84692 0 0 0 0 0 0 GOLF OUTING 38939 16745 22194 1168 5930 3423 5566 38939 16745 22194 1168 5930 3423 5566 16087 6107 1 STUDENT AID 21 208561 SCHOLARSHIP 12 23932 PART I, LINE 2: FINANCIAL AID REQUESTS ARE SUBMITTED BY STUDENTS AND REVIEWED BY THE STUDENT AID COMMITTEE. STUDENTS ARE INTERVIEWED AND STUDENT AID IS AWARDED BY THE STUDENT AID COMMITTEE. STUDENTS MUST REAPPLY FOR AID EVERY SIX MONTHS. RECORDS OF STUDENT AID GRANTED ARE MAINTAINED BY THE STUDENT AID COMMITTEE AND THE ACCOUNTING DEPARTMENT. X X 0 0 0 0 0 0 0 0 0 DR CORNELIS P VENEMA PRESIDENT 151971 0 0 0 0 0 10637 0 8000 0 170608 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP CONSISTS OF DONORS TO THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ANNUALLY ELECT THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE WILL REVIEW THE FILING INITIALLY AFTER IT HAS BEEN ASSEMBLED, AFTER WHICH IT WILL BE DISTRIBUTED TO AND ULTIMATAELY APPROVED BY THE BOARD OF TRUSTEES, WITH SIGNATURES BEING AFFIXED BY THE APPROPRIATE PERSONNEL. FORM 990, PART VI, SECTION B, LINE 12 CONFLICT OF INTEREST DISCLOSURES ARE REVIEWED BY THE PRESIDENT OF THE BOARD ANNUALLY. BOARD MEMBERS AND EMPLOYEES ARE ENCOURAGED TO REPORT CONFLICTS AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT OF THE BOARD AND FINANCE COMMITTEE MEETS WITH THE ORGANIZATION'S PRESIDENT REGARDING COMPENSATION OF TOP MANAGEMENT AND KEY EMPLOYEES. CONSIDERATION IS GIVEN TO THE ENTIRE COMPENSATION PACKAGE INCLUDING BENEFITS AND IS PERFORMANCED BASED, APPROPRIATE TO THE NONPROFIT MARKETPLACE. COMPENSATION IS SUBJECT TO ORGANIZATIONAL FINANCIAL CONSTRAINTS. THE BOARD VOTES ON COMPENSATION FOR CERTAIN KEY EMPLOYEES AND THE RESULTS ARE RECORDED IN THE BOARD MINUTES. THE ORGANIZATON'S PRESIDENT IS EXCLUDED FROM DISCUSSIONS ABOUT HIS COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS AVAILABLE UPON REQUEST. AUDIT REPORT AVAILABLE ON ILLINOIS ATTORNEY GENERAL'S WEBSITE. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. MID-AMERICA REFORMED SEMINARY FOUNDATION PO BOX 10612 STONEY CREEK STN WINO WINONA, ONTARIO L CA CA 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MID-AMERICA REFORMED SEMINARY FOUNDATION C 752485