Puritan Reformed Theological Seminary
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.
Puritan Reformed Theological Seminary at a glance
- Total assets
- $20,109,949
- +7.6% vs 2024
- Revenue (2025)
- $8,017,553
- -13.3% vs 2024
- Net investment income (2025)
- $329,821
- -0.6% vs 2024
- Expenses (2025)
- $6,818,909
- +12.9% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Puritan Reformed Theological Seminary funds
How this funder distributes its grants
Grant Size Distribution
1 grant across all recorded years
The most common grant size was in the $250–500K range: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2021 it made 1 grant totaling $250K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Reformation Heritage Books Grand Rapids, MI | To facilitate rhb moving out of the seminary into its own building. | $250,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $20,109,949 | $8,017,553 | $6,818,909 | — | — | $329,821 |
| 2024 | $18,692,646 | $9,252,660 | $6,039,740 | — | — | $331,741 |
| 2023 | $15,209,895 | $6,666,827 | $4,737,212 | — | — | $42,853 |
| 2022 | $13,368,431 | $7,247,093 | $4,350,593 | — | — | $-19,710 |
| 2021 | $10,309,102 | $4,158,234 | $3,833,498 | $250,000 | 1 | $2,290 |
| 2020 | $10,456,885 | $4,584,096 | $3,693,458 | — | — | $1,124 |
| 2019 | $9,466,742 | $4,429,975 | $3,573,538 | — | — | $-8,798 |
About Puritan Reformed Theological Seminary
Based on IRS filings
Puritan Reformed Theological Seminary is a public charity focused on Education, based in Grand Rapids, MI. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $20.1M in total assets. Net investment income was $330K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Puritan Reformed Theological Seminary is led by Adriaan Neele, President since 2023 (on filings since 2022); 9 of 19 officers listed in 2025 are compensated.
Officers on the 2025 filing
Adriaan Neele
President
Vice President → President, 2023
On filings since 2022
40 hrs/week
$131K (2022) → $153K (2025)
Kevin Ash
Chairman
On filings since 2021
2 hrs/week
No compensation reported
David Lipsy
Trustee
On filings since 2019
1 hr/week
No compensation reported
Bart Elshout
Trustee
On filings since 2023
1 hr/week
No compensation reported
Gary Postma
Trustee
On filings since 2023
1 hr/week
No compensation reported
Peter Kranendonk
Trustee
On filings since 2024
1 hr/week
No compensation reported
John Procee
Trustee
New on the 2025 filing
1 hr/week
No compensation reported
Joel Beeke
Chancellor
President → Chancellor, 2023
On filings since 2019
40 hrs/week
$76K (2019) → $109K (2025)
Daniel Timmer
Employee
On filings since 2023
40 hrs/week
$143K (2023) → $148K (2025)
Gerald Bilkes
Vice President
On filings since 2023
40 hrs/week
$124K (2023) → $139K (2025)
Karla Soule
Employee
On filings since 2023
40 hrs/week
$114K (2023) → $120K (2025)
Stephen Myers
Employee
On filings since 2023
40 hrs/week
$121K (2023) → $124K (2025)
Zachary Ash
Employee
On filings since 2023
40 hrs/week
$125K (2023) → $129K (2025)
Kevin Walkotten
CFO
On filings since 2024
40 hrs/week
$134K (2025)
Michael Barrett
Employee
On filings since 2024
40 hrs/week
$113K (2024) → $113K (2025)
Jonathan Engelsma
Vice Chairman
Chairman → Vice Chairman, 2023
On filings since 2019
2 hrs/week
No compensation reported
Paul Greendyk
Treasurer
Trustee → Treasurer, 2023
On filings since 2019
1 hr/week
No compensation reported
James Beeke
Minutes & Agenda Secretary
Secretary → Minutes & Agenda Secretary, 2024
On filings since 2023
2 hrs/week
No compensation reported
John Koopman
Correspondence Secretary
On filings since 2024
1 hr/week
No compensation reported
Former officers (11)
- Former: Connor Keuning (2019–2024) — Trustee
- Former: Eric Moerdyk (2020–2024) — Trustee
- Former: Ian McLeod (2020–2024) — Trustee
- Former: Jonathon Beeke (2023–2024) — Employee
- Former: Del Deur (2019–2022) — Secretary
- Former: Foppe Vanderzwaag (2019–2022) — Vice Chairman
- Former: Henry Devries (2019–2022) — Treasurer
- Former: Peter Koppert (2019–2022) — Correspondence Clerk
- Former: Henk Kleyn (2019–2021) — Vice President of Operations
- Former: David Kranendonk (2019–2020) — Trustee
- Former: Jake Sinke (2020) — Trustee
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $153K, to Adriaan Neele (President). 9 officers or directors reported compensation on that filing.
Frequently asked questions about Puritan Reformed Theological Seminary
How large is Puritan Reformed Theological Seminary?
Puritan Reformed Theological Seminary reported $20.1M in total assets on its 2025 IRS Form 990. Its revenue that year was $8.0M.
What is Puritan Reformed Theological Seminary?
Puritan Reformed Theological Seminary is a public charity focused on Education, based in Grand Rapids, MI. It holds $20.1M in total assets as of 2025.
Where does Puritan Reformed Theological Seminary operate?
Puritan Reformed Theological Seminary has awarded grants in Michigan.
What is Puritan Reformed Theological Seminary's EIN?
Puritan Reformed Theological Seminary's EIN (Employer Identification Number) is 20-2394341. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS February 7, 2022)
- IRS filings on file for fiscal years 2019–2025
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Browse active grant opportunities in Puritan Reformed Theological Seminary's focus areas in our free grants database
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