Overview
What is Puritan Reformed Theological Seminary?
Puritan Reformed Theological Seminary, located in Grand Rapids, Michigan, is a distinguished nonprofit institution committed to educating and training ministers of the Gospel. The seminary offers master's and doctoral programs, catering to both full-time and part-time students. With a strong emphasis on biblical learning, the seminary provides both on-site classrooms and distance learning opportunities for individuals passionate about studying God's word. The organization's mission is to prepare students to serve Christ and His church through biblical, experiential, and practical ministry. By adhering to the scriptures and the historic Reformed creeds, it promotes and defends the Gospel of Jesus Christ, contributing significantly to theological education and ministry. The seminary is home to a team of 43 dedicated individuals.
Official website here: www.prts.edu
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 95%, Four-Star out of Four Star rating.
Puritan Reformed Theological Seminary has received a strong rating from Charity Navigator, reflecting its high standards in accountability and finance. With a score of 95%, the organization demonstrates solid financial health and governance practices, which are essential for fostering donor confidence and effective operations. The rating is based on various metrics, indicating that the seminary has a robust structure in place for overseeing its financial dealings.
The seminary excels in areas such as having a fully independent board and effective financial oversight. Their financial ratios, including a program expense ratio of 72.23% and a fundraising efficiency ratio of just $0.05, highlight their commitment to directing funds towards their educational mission rather than administrative costs. Additionally, they maintain transparency with policies in place for conflict of interest and whistleblowing, further reinforcing their integrity.
While the rating highlights many strengths, the summary does not point out any specific limitations or concerns related to the seminary's operations. Overall, Puritan Reformed Theological Seminary's high score reflects a strong commitment to accountability and responsible financial management, making it a trustworthy organization in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Puritan Reformed Theological Seminary legitimate?
Puritan Reformed Theological Seminary is a legitimate nonprofit organization registered as a 501(c)(3) entity. Puritan Reformed Theological Seminary submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $320,341
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,031,995
For more financial information, click here
Official website here: www.prts.edu
What is the mission statement of Puritan Reformed Theological Seminary?
The Puritan Reformed Theological Seminary is dedicated to preparing students to serve Christ and His church through biblical, experiential, and practical ministry. They accomplish this by providing theological training and instruction in accordance with the Scriptures and the historic Reformed creeds, with a focus on promoting and defending the Gospel of Jesus Christ. The seminary offers masters and doctoral programs for both full-time and part-time students, utilizing on-site classrooms and distance learning to cater to individuals eager to study God's Word.
Official website here: www.prts.edu
Who is the CEO of Puritan Reformed Theological Seminary?
Adriaan Neele is the Trustee of Puritan Reformed Theological Seminary.
Official website here: www.prts.edu
What is the revenue of Puritan Reformed Theological Seminary?
Puritan Reformed Theological Seminary's revenue in 2022 was $7,247,093.
Official website here: www.prts.edu
Who are the executives of Puritan Reformed Theological Seminary and what are their salaries?
The average compensation at Puritan Reformed Theological Seminary during 2022 was $54,705. There are 43 employees and 11 volunteers at Puritan Reformed Theological Seminary.
Here are 12 key members and their salaries:
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- Compensation: $130,968
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Official website here: www.prts.edu
Where can I find the form 990 for Puritan Reformed Theological Seminary?
Puritan Reformed Theological Seminary's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.prts.edu
Learn more at the official website: www.prts.edu
Mission Statement of Puritan Reformed Theological Seminary
Puritan Reformed Theological Seminary, a nonprofit organization, is dedicated to preparing individuals to serve Christ and His church. Their mission is achieved through biblical, experiential, and practical ministry. The seminary provides theological training and instruction in accordance with the Scriptures and the historic Reformed creeds, with the primary goal of promoting and defending the Gospel of Jesus Christ. The seminary offers both masters and doctoral programs for full-time and part-time students, catering to those who are serious about studying God's word. They offer both on-site classrooms and distance learning, ensuring accessibility for a wide range of students.
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Impact
October, 2024
Puritan Reformed Theological Seminary (PRTS) plays a significant role in shaping the future of ministry and theological education within the Reformed tradition. By offering robust master's and doctoral programs, PRTS prepares students to serve Christ and His Church through a comprehensive approach that includes biblical, experiential, and practical ministry training.
Located in Grand Rapids, Michigan, the seminary provides theological instruction rooted in Scripture and the historic Reformed creeds, emphasizing the promotion and defense of the Gospel of Jesus Christ. The institution caters to both full-time and part-time students, offering flexible learning options through on-site classrooms and distance education, making theological education accessible to a broader audience.
The impact of PRTS extends beyond the classroom; its graduates are equipped to lead churches, engage in mission work, and contribute to the broader Christian community. By training ministers of the Gospel, the seminary helps to ensure that sound doctrine and effective ministry practice are upheld in various contexts, fostering spiritual growth and theological rigor. This commitment to education and training is not only vital for individual students but also contributes significantly to the health and vitality of the Church as a whole.
This information is meant to be a general summary of Puritan Reformed Theological Seminary. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$19,710
- Program Service Revenue: $513,450
- Gross Receipts: $7,271,349
Assets and Liabilities:
- Total Assets: $13,368,431
- Total Liabilities: $277,225
- Net Assets: $13,091,206
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$264,158
STUDENT HOUSING
Revenue
$228,956
CONFERENCE REVENUE
Revenue
$13,646
JOURNAL INCOME
Revenue
$6,690
Organization Details
Founding Year
2004
Phone
(616) 977-0599Principal Officer
Adriaan Neele
Main Address
2965 LEONARD NE, GRAND RAPIDS, MI, 49525
Website
www.prts.eduNTEE Category
Code: B40 - Education
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