To establish, manage, operate and maintain a thrift store to support the mission and operation of puritan reformed theological seminary, a michigan nonprofit corporation, and to engage in activities related thereto.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$53K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average deficit $3K a year · 1% of revenue · last 3 filings
Concern: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$53K
to officers and key staff · 25% of spending
Worth a look: pay to officers and key staff is 25% of spending; over 20%.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 2.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 8 voting members
Concern: none of 8 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$190K
-10% vs prior year
Spent
$213K
To programs
100%
Net assets
$46K
By yearFY2020–FY2025
Revenue
$190K
FY2024▼ -10%
Tap a bar for its year
Revenue by fiscal year
FY2020$139K
FY2021$174K
FY2022$185K
FY2023$211K
FY2024$190K
FY2025$208K
Expenses
$213K
FY2024+0.1%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022Not on file
FY2023$212K
FY2024$213K
FY2025$193K
Net assets
$46K
FY2024▼ -33%
Tap a bar for its year
Net assets by fiscal year
FY2020$57K
FY2021$75K
FY2022$69K
FY2023$68K
FY2024$46K
FY2025$60K

From the FY2024 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2015.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $213K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990; $53K paid to officers and key staff.

Part VII, Section A · reportable compensation
Board Member
$29,430Pt VII · Sec A
Board Member
$15,733Pt VII · Sec A
Board Member
$5,957Pt VII · Sec A
$1,740Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Susan Teunissen’s $32K as Board Member is at the 20th percentile of top reported officer pay among 2168 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2025FY2024FY2023FY2020
Susan Teunissen$31,940$29,430$30,280$19,755
Cathy Spaans$12,460$15,733$15,502$10,490
Renee Langerak$3,922$5,957$4,645$3,017
Lilian Zevenbergen$3,555———
Hendrika Zevenbergen$1,872$1,740$1,267$792

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Operates a thrift store to fund a theological seminary.

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Provided by the organization

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1 program · $213K · in their own filed words · FY2024
01

The organization has set up a thrift store to receive used goods and clothing that it re-sells to the general publc.

$213Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 3 grants · $350K · 2023–2025

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$190K
Ln 12
Gifts and grantsLn 1h$189K
Investment incomeLn 3$1K
Money outPt IX
$213K
Ln 25
Programscol B$213K
Owns and owesPt X
$46K
net assets · Ln 32
Cash and savingsLn 1–2$45K
Total assetsLn 16$49K
LiabilitiesLn 26$3K
PeoplePt VI, VII
8
listed · VII A
PaidVII A4
Voting boardVI 1a8
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$189K
Noncash giftsLn 1g$189K
Investment incomeLn 3$1K
Total revenueLn 12$190K
Assets in detailPt X, end of year
CashLn 1$45K
Cash and savings togetherLn 1–2$45K
Other assetsLn 15$4K
Total assetsLn 16$49K
LiabilitiesLn 26$3K
Net assetsLn 32$46K
OperationsPt I, VI
EmployeesI 54
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$68K$45K
Total assetsLn 16$73K$49K
LiabilitiesLn 26$5K$3K
Net assetsLn 32$68K$46K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$125K$125K
Other salaries and wagesLn 7$53K$53K
Payroll taxesLn 10$4K$4K
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$4K$4K
Office expensesLn 13$5K$5K
Information technologyLn 14$2K$2K
OccupancyLn 16$16K$16K
Total functional expensesLn 25$213K$213K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $208K$193K$15K$60K 990 PDF
FY2024 Viewing $190K$213K−$22K$46K 990 PDF
FY2023 $211K$212K−$1K$68K 990 PDF
FY2022 $185K$69K 990 PDF
FY2021 $174K$75K 990 PDF
FY2020 $139K$57K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $190,260 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $210,777$189,003
I-9 Program service revenue$0
I-10 Investment income$1,257
I-11 Other revenue$0
I-12 Total revenuePrior year $210,777$190,260
I-13 Grants and similar amounts paidPrior year $125,000$125,000
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $55,649$56,903
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $31,590$30,635
I-18 Total expensesPrior year $212,239$212,538
I-19 Revenue less expensesPrior year −$1,462−$22,278
Part VI · Governance 0 of 8 board members independent, 4 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $190,260 across 5 lines filed
VIII-1f All other contributions, gifts and grants$189,003
VIII-1g Noncash contributions (included above)$189,003
VIII-1h Total contributions, gifts and grants$189,003
VIII-3 Investment incomeRelated to mission $1,257$1,257
VIII-12 Total revenueRelated to mission $1,257$190,260
Part IX · Statement of functional expenses $212,538 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $125,000$125,000
IX-7 Other salaries and wagesPrograms $52,859$52,859
IX-10 Payroll taxesPrograms $4,044$4,044
IX-11c Accounting feesPrograms $2,944$2,944
IX-11g Other fees for servicesPrograms $4,053$4,053
IX-13 Office expensesPrograms $5,190$5,190
IX-14 Information technologyPrograms $2,348$2,348
IX-16 OccupancyPrograms $16,100$16,100
IX-25 Total functional expensesPrograms $212,538 · Management $0 · Fundraising $0$212,538
Part X · Balance sheet $48,789 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $67,831$45,022
X-15 Other assetsStart of year $5,454$3,767
X-16 Total assetsStart of year $73,285$48,789
X-25 Other liabilitiesStart of year $5,494$3,276
X-26 Total liabilitiesStart of year $5,494$3,276
X-27 Net assets without donor restrictionsStart of year $67,791$45,513
X-32 Total net assets or fund balancesStart of year $67,791$45,513
X-33 Total liabilities and net assetsStart of year $73,285$48,789
Part XI · Reconciliation of net assets $45,513 net assets at year end
XI-1 Total revenue$190,260
XI-2 Total expenses$212,538
XI-3 Revenue less expenses−$22,278
XI-4 Net assets at start of year$67,791
XI-10 Net assets at end of year$45,513

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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