Calvin Theological Seminary 
The information on this page was last updated 4/24/2026. If you see errors or omissions, please email: [email protected]
Summary
Calvin Theological Seminary is a Reformed seminary that is globally recognized for its theological richness. We embrace a holistic form of education that attends to the character, spiritual, and vocational formation of students.
Contact information
Mailing address:
Calvin Theological Seminary
3233 Burton St SE
Grand Rapids, MI 49546
Website: www.calvinseminary.edu
Phone: (616) 957-8619
Email: [email protected]
Organization details
EIN: 383001876
CEO/President: Jul Medenblik
Chairman: Dave Morren
Board size: 21
Founder: Rev. Geert Egberts Boer
Ruling year: 1993
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: No
Member of ECFA since:
Purpose
Since 1876, Calvin Theological Seminary has faithfully prepared leaders who nurture disciples and serve the church.
Today, graduates of Calvin Seminary can expect to be ready for effective ministry in a rapidly-changing, multicultural world.
Our vision presents what we aim to do at Calvin Seminary, and how we plan to accomplish our goals through the power of the Holy Spirit.
Mission statement
As a learning community in the Reformed Christian tradition that forms church leaders who cultivate communities of disciples of Jesus Christ, Calvin Theological Seminary serves the Christian Reformed Church in North America and wider constituencies by preparing individuals for biblically faithful and contextually effective ministry of the Word and by offering Reformed theological scholarship and counsel.
Statement of faith
Donor confidence score
Show donor confidence score details
To understand our donor confidence score, click here.
Transparency grade
D
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Colleges/Universities
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 913 of 1435 | 118 of 155 |
| Fund acquisition rating | | 271 of 1435 | 30 of 155 |
| Resource allocation rating | | 1231 of 1435 | 133 of 155 |
| Asset utilization rating | | 987 of 1436 | 123 of 155 |
To understand our financial efficiency ratings, click here.
Financial ratios
| Funding ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 13% | 9% | 10% | 10% | 7% | 6% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 2% | 6% | 7% | 5% | 4% | 2% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 15% | 60% | 67% | 50% | 62% | 43% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 2% | 6% | 6% | 7% | 5% | 6% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 85% | 40% | 33% | 50% | 38% | 57% |
| Operating ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Program expense ratio Program expense ratio = Program services / Total expenses | 84% | 74% | 72% | 71% | 71% | 78% |
Spending ratio Spending ratio = Total expenses / Total revenue | 96% | 93% | 108% | 74% | 80% | 43% |
Program output ratio Program output ratio = Program services / Total revenue | 81% | 68% | 78% | 52% | 57% | 34% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 4% | 7% | -8% | 26% | 20% | 57% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 2% | 1% | -1% | 5% | 4% | 17% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 14% | 20% | 21% | 22% | 23% | 17% |
| Investing ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.52 | 0.13 | 0.13 | 0.13 | 0.14 | 0.13 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.73 | 1.54 | 1.54 | 1.58 | 1.42 | 11.53 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.45 | 0.20 | 0.20 | 0.20 | 0.19 | 1.47 |
| Liquidity ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Current ratio Current ratio = Total current assets / Total current liabilities | 8.18 | 12.88 | 27.07 | 37.85 | 30.99 | 3.15 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.12 | 0.08 | 0.04 | 0.03 | 0.03 | 0.32 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.99 | 55.58 | 56.55 | 57.81 | 60.21 | 5.56 |
| Solvency ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 20% | 5% | 3% | 3% | 2% | 3% |
Debt ratio Debt ratio = Debt / Total assets | 10% | 0% | 0% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 148% | 731% | 730% | 756% | 716% | 762% |
Financials
| Balance sheet | |||||
| Assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Cash | $689,535 | $549,397 | $507,226 | $2,349,283 | $6,643,006 |
| Receivables, inventories, prepaids | $218,613 | $331,418 | $355,813 | $636,058 | $506,797 |
| Short-term investments | $64,895,816 | $59,219,207 | $54,966,618 | $52,707,491 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $65,803,964 | $60,100,022 | $55,829,657 | $55,692,832 | $7,149,803 |
| Long-term investments | $5,884,932 | $15,187,701 | $15,502,414 | $6,871,872 | $63,546,242 |
| Fixed assets | $29,262,652 | $16,606,772 | $15,564,678 | $16,342,769 | $10,574,140 |
| Other long-term assets | $299,164 | $744,182 | $1,115,722 | $0 | $1,175,552 |
| Total long-term assets | $35,446,748 | $32,538,655 | $32,182,814 | $23,214,641 | $75,295,934 |
| Total assets | $101,250,712 | $92,638,677 | $88,012,471 | $78,907,473 | $82,445,737 |
| Liabilities | 2025 | 2024 | 2023 | 2022 | 2021 |
| Payables and accrued expenses | $4,889,264 | $2,062,060 | $1,363,420 | $1,671,070 | $2,110,788 |
| Other current liabilities | $219,974 | $158,192 | $111,712 | $125,855 | $161,107 |
| Total current liabilities | $5,109,238 | $2,220,252 | $1,475,132 | $1,796,925 | $2,271,895 |
| Debt | $0 | $0 | $0 | $0 | $0 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $368,515 | $777,675 | $1,201,875 | $172,302 | $0 |
| Total long-term liabilities | $368,515 | $777,675 | $1,201,875 | $172,302 | $0 |
| Total liabilities | $5,477,753 | $2,997,927 | $2,677,007 | $1,969,227 | $2,271,895 |
| Net assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Without donor restrictions | $26,458,458 | $27,229,295 | $28,520,445 | $19,407,743 | $23,584,436 |
| With donor restrictions | $69,314,501 | $62,411,455 | $56,815,019 | $57,530,503 | $56,589,406 |
| Net assets | $95,772,959 | $89,640,750 | $85,335,464 | $76,938,246 | $80,173,842 |
| Revenues and expenses | |||||
| Revenue | 2025 | 2024 | 2023 | 2022 | 2021 |
| Total contributions | $8,518,218 | $7,580,897 | $7,731,320 | $8,408,351 | $10,508,009 |
| Program service revenue | $3,206,500 | $2,783,697 | $2,499,498 | $2,559,573 | $2,875,839 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $2,025,751 | $973,050 | $5,063,548 | $2,458,548 | $10,743,623 |
| Other revenue | $351,173 | $22,572 | $45,543 | $65,396 | $110,830 |
| Total other revenue | $5,583,424 | $3,779,319 | $7,608,589 | $5,083,517 | $13,730,292 |
| Total revenue | $14,101,642 | $11,360,216 | $15,339,909 | $13,491,868 | $24,238,301 |
| Expenses | 2025 | 2024 | 2023 | 2022 | 2021 |
| Program services | $9,632,437 | $8,881,568 | $8,032,331 | $7,672,622 | $8,188,796 |
| Management and general | $2,682,463 | $2,624,258 | $2,510,203 | $2,490,628 | $1,742,871 |
| Fundraising | $788,569 | $776,180 | $740,081 | $578,395 | $593,757 |
| Total expenses | $13,103,469 | $12,282,006 | $11,282,615 | $10,741,645 | $10,525,424 |
| Change in net assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Surplus (deficit) | $998,173 | ($921,790) | $4,057,294 | $2,750,223 | $13,712,877 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $998,173 | ($921,790) | $4,057,294 | $2,750,223 | $13,712,877 |
Compensation
| Name | Title | Compensation |
| Rev Julius T Medenblik Jd | President | $218,810 |
| Danjuma Gibson | Prof. of Ps. Theo., Care & Couns. | $142,549 |
| Robert Knoor | Director of Development | $139,426 |
| Margaret Mwenda | Chief Operating Officer | $133,412 |
| Yudha Thianto Tjondrowardojo | Chief Academic Officer | $121,535 |
| Gabriela Tijerina Echaverria | Professor of New Testament | $110,618 |
| Randy Devries | Controller | $99,868 |
Compensation data as of: 6/30/2025
Response from ministry
No response has been provided by this ministry.
The information below was provided to MinistryWatch by the ministry itself. It was last updated 4/24/2026. To update the information below, please email: [email protected]
History
https://calvinseminary.edu/blog/calvin-theological-seminary-a-living-tradition-of-service-for-the-21st-century/