Liabilities / Assets
76th percentile
Higher debt load relative to assets than 76% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.05x
Liabilities / Revenue
71st percentile
Higher debt load relative to revenue than 71% of similar nonprofits.
Net Margin
35th percentile
Higher net margin than 35% of similar nonprofits.
Top Officer Pay
78th percentile
Higher top officer pay than 78% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
30th percentile
Faster asset growth than 30% of similar nonprofits.
Revenue Growth
47th percentile
Faster revenue growth than 47% of similar nonprofits.
Balance Sheet
Assets
Down$73,269
Down $8,723 (-11%) from 2021
Net Assets
Down$69,253
Down $5,414 (-7.3%) from 2021
Liabilities
Down$4,016
Down $3,309 (-45%) from 2021
Revenue And Expenses
Revenue
Up$184,798
Up $10,758 (+6.2%) from 2021
Expenses
Up$190,212
Up $33,607 (+21%) from 2021
Net Income
Down-$5,414
Down $22,849 (-131%) from 2021
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2022 to Dec 31, 2022
- Signed
- Jan 31, 2023
- Return Version
- 2022v4.1
- Gross Receipts
- $184,798
Mission and Program Overview
Mission
To establish, manage, operate and maintain a thrift store to support the mission and operations of puritan reformed theological seminary, a michigan non-profit corporation, and to engage in activities related thereto.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| THE ORGANIZATION HAS SET UP A THRIFT STORE TO RECEIVE USED GOODS AND CLOTHING THAT IT RE-SELLS TO THE GENERAL PUBLC. | $112,500 | $190,212 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| HEIDI BOORSMA | Board Member | - | $0 | - | - |
| RENEE LANGERAK | Board Member | - | $0 | - | - |
| SUSAN TEUNISSEN | Board Member | - | $0 | - | - |
| LOIS VANDERSTEL | Board Member | - | $0 | - | - |
| LILIAN ZEVENBERGEN | Board Member | - | $0 | - | - |
| HENDRIKA ZEVENBERGEN | Board Member | - | $0 | - | - |
| CATHY SPAANS | Board Member | - | $0 | - | - |
| JOANNE SWEETMAN | Board Member | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Re Gen Er Ate
- EIN
- 46-5458776
- Phone
- 6166475342
- Address
- 4390 CHICAGO DRIVE SW, GRANDVILLE, MI 49418-1508
Signing Officer
- Name
- Lois Vanderstel
- Title
- Board Member
- Phone
- 6166475342
- Signed
- 2023-01-31
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Sweetman Advisory Services
- Address
- 1780 BEARD DR SE, GRAND RAPIDS, MI 49546-6458
- Preparer
- Joanne E Sweetman CPA Cfp
- Phone
- 9738964832
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 10
“Name: puritan reformed theological sem. Address: 2965 leonard st ne grand rapids, mi 49525 cash contribution: 112,500”
Form 990-ez, Part I, Line 16
“Expenses advertising 59 office supplies 3,184 telephone 265 janitorial expense 1,849 miscellaneous exp. 380 postage and delivery 22 computer and internet 1,272 automobile 450 insurance 2,142 total 9,623”
Form 990-ez, Part II, Line 24
“Undeposited funds 3,121 5,659 prepaid insurance -1,849 -2,170 credit card fee asset -99 -420 total 1,173 3,069”
Form 990-ez, Part II, Line 26
“Accounts payable and accrued expenses 4,370 -1,302 sales tax payable 2,955 2,887 payroll taxes payable 0 2,431”
Form 990-ez, Part III
“To establish, manage, operate and maintain a thrift store to support the mission and operations of puritan reformed theological seminary, a michigan non-profit corporation, and to engage in activities related thereto.”
Raw XML Appendix162 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | CAROL SOUSA |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 6162282819 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 2925 LEONARD STREET NE APT 4 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | GRAND RAPIDS |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MI |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 49525 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 80819 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 70200 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 184798 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -5414 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 6253 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 81992 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 73269 |
| IRS990EZ/GrantsAndSimilarAmountsPaidAmt | 0 | 112500 |
| IRS990EZ/GrossReceiptsAmt | 0 | 184798 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 74667 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 69253 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 74667 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 69253 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 9666 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 1.30 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 2.30 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 6 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 7 | 0.50 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 7 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | HEIDI BOORSMA |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | RENEE LANGERAK |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | SUSAN TEUNISSEN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | LOIS VANDERSTEL |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | LILIAN ZEVENBERGEN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | HENDRIKA ZEVENBERGEN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 6 | CATHY SPAANS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 7 | JOANNE SWEETMAN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | BOARD MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | BOARD MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | BOARD MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | BOARD MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | BOARD MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | BOARD MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 6 | BOARD MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 7 | BOARD MEMBER |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 1173 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 3069 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 9623 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | TO ESTABLISH, MANAGE, OPERATE AND MAINTAIN A THRIFT STORE TO SUPPORT THE MISSION AND OPERATIONS OF PURITAN REFORMED THEOLOGICAL SEMINARY, A MICHIGAN NON-PROFIT CORPORATION, AND TO ENGAGE IN ACTIVITIES RELATED THERETO. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | THE ORGANIZATION HAS SET UP A THRIFT STORE TO RECEIVE USED GOODS AND CLOTHING THAT IT RE-SELLS TO THE GENERAL PUBLC. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 112500 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 190212 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 52170 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 7325 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 4016 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 190212 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 190212 |
| IRS990EZ/TotalRevenueAmt | 0 | 184798 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 184798 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 174040 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 138937 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 114911 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 103888 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 716574 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00000 |
| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0.00000 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 716574 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 184798 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 174040 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 138937 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 114911 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 103888 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 716574 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 184798 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 174040 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 138937 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 114911 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 103888 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 716574 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | NAME: PURITAN REFORMED THEOLOGICAL SEM. ADDRESS: 2965 LEONARD ST NE GRAND RAPIDS, MI 49525 CASH CONTRIBUTION: 112,500 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | EXPENSES ADVERTISING 59 OFFICE SUPPLIES 3,184 TELEPHONE 265 JANITORIAL EXPENSE 1,849 MISCELLANEOUS EXP. 380 POSTAGE AND DELIVERY 22 COMPUTER AND INTERNET 1,272 AUTOMOBILE 450 INSURANCE 2,142 TOTAL 9,623 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | UNDEPOSITED FUNDS 3,121 5,659 PREPAID INSURANCE -1,849 -2,170 CREDIT CARD FEE ASSET -99 -420 TOTAL 1,173 3,069 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | ACCOUNTS PAYABLE AND ACCRUED EXPENSES 4,370 -1,302 SALES TAX PAYABLE 2,955 2,887 PAYROLL TAXES PAYABLE 0 2,431 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | TO ESTABLISH, MANAGE, OPERATE AND MAINTAIN A THRIFT STORE TO SUPPORT THE MISSION AND OPERATIONS OF PURITAN REFORMED THEOLOGICAL SEMINARY, A MICHIGAN NON-PROFIT CORPORATION, AND TO ENGAGE IN ACTIVITIES RELATED THERETO. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 10 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990-EZ, PART III |
| ReturnHeader/BuildTS | 0 | 2023-03-07 01:45:13Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | LOIS VANDERSTEL |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | BOARD MEMBER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6166475342 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2023-01-31 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | RE GEN ER ATE |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | REGE |
| ReturnHeader/Filer/EIN | 0 | 465458776 |
| ReturnHeader/Filer/PhoneNum | 0 | 6166475342 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 4390 CHICAGO DRIVE SW |
| ReturnHeader/Filer/USAddress/CityNm | 0 | GRANDVILLE |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MI |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 494181508 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | false |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 300797732 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | SWEETMAN ADVISORY SERVICES |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 1780 BEARD DR SE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | GRAND RAPIDS |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | MI |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 495466458 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 9738964832 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2023-02-09 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | JOANNE E SWEETMAN CPA CFP |
| ReturnHeader/ReturnTs | 0 | 2023-02-09T10:17:38-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | LOIS |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | VANDERSTEL |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2022-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2022-12-31 |
| ReturnHeader/TaxYr | 0 | 2022 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $73,269
- Liabilities
- $4,016
- Net assets
- $69,253
- Revenue
- $184,798
- Expenses
- $190,212
- Net income
- -$5,414