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Filing year 2023

PURITAN REFORMED THEOLOGICAL SEMINARY

Grand Rapids, Michigan·EIN 20-2394341·NTEE B40 · Education·3
Total revenue
$9.3M
Total assets
$18.7M
Total expenses
$6M
Reported officers
19
Mission

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.

Executive compensation

Form 990 · Schedule J · 6 reported individuals · Filing year 2023

$144k
$159k
Employee
highest compensated employee
$143k
$158k
Employee
highest compensated employee
$143k
$158k
Employee
highest compensated employee
$129k
$143k
Employee
highest compensated employee
$125k
$138k
Employee
highest compensated employee
$121k
$134k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 13 unpaid individuals.

Browse compensation in Education

Held steady
from 2022

From $144k in 2022 to $144k in 2023.

$144k
2022
$144k
2023
In today's dollarsEst.
Down 4% in real terms$165k to $159k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

PURITAN REFORMED THEOLOGICAL SEMINARY reported revenue and expenses across 2 filing years.

RevenueExpenses
$6.7M
$4.7M
2022
$9.3M
$6M
2023
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Education executives earn in Michigan

Comparable education organizations in Michigan pay their highest-earning executive a median of $73,500.

25th percentile
$36k
Median
$73,500
75th percentile
$198k
90th percentile
$424k

These are education sector-wide figures, not this organization's reported pay. Based on 159 organizations across 159 filings (2021 – 2023).

See full Education pay data for Michigan
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