Mid-america Reformed Seminary
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Growing revenue
Mid-america Reformed Seminary is a 501(c)(3) organization based in Dyer, Indiana, registered in 1981, with $4,884,329 in FY2024 revenue. CharityIndex grades it B.
229 Seminary Dr, Dyer, IN, 46311 EIN 42-1164750 Since 1981
Revenue (FY2024)
$4.9M
▲ 10.5% vs prior year
Expenses (FY2024)
$3.5M
Net assets
$14.3M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Mid-america Reformed Seminary— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating50 mo reserves · +29% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Mid-america Reformed Seminary: 50 mo reserves · +29% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Mid-america Reformed Seminary— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Mid-america Reformed Seminary: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $2.1M (FY2014) to $4.9M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $52KNet assets $14.3M
Operating margin
29.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$14.3M
Total liabilities
$52K
Net assets
$14.3M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $4,884,329▲10.5% | $3,450,459▲14.0% | $14,272,407▲13.1% | $14,324,615▲3.1% | 990 |
| 2023 | $4,418,583▲17.7% | $3,026,036▲5.0% | $12,623,620▲14.3% | $13,894,778▲25.4% | 990 |
| 2022 | $3,755,000▲2.9% | $2,880,953▲12.1% | $11,040,581▲12.7% | $11,083,474▲12.4% | 990 |
| 2021 | $3,650,498▲15.8% | $2,569,235▲18.3% | $9,796,860▼1.0% | $9,861,676▼0.5% | 990 |
| 2020 | $3,153,033▼18.2% | $2,171,046▲5.8% | $9,892,188▲25.7% | $9,916,012▲25.3% | 990 |
| 2019 | $3,853,861▲58.2% | $2,051,084▼2.9% | $7,866,926▲25.9% | $7,914,414▲26.3% | 990 |
| 2018 | $2,436,331▲3.9% | $2,112,438▲2.8% | $6,248,224▲6.1% | $6,266,498▲5.9% | 990 |
| 2017 | $2,344,888▼4.1% | $2,054,215▲2.6% | $5,891,269▲4.0% | $5,919,756▲4.1% | 990 |
| 2016 | $2,444,370▲20.1% | $2,001,898▲4.1% | $5,664,219▲11.8% | $5,687,212▲11.5% | 990 |
| 2015 | $2,034,457▼1.1% | $1,923,556▲1.4% | $5,066,681▲0.8% | $5,099,411▲1.3% | 990 |
| 2014 | $2,057,393 | $1,896,332 | $5,027,253 | $5,034,050 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $869K total
22 grants to Mid-america Reformed Seminary totaling $869K, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $37,302 |
| Donor Advised Charitable Giving | Religion related | 2023 | $33,375 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $13,770 |
| Donor Advised Charitable Giving | Religion related | 2022 | $22,400 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2022 | $11,880 |
| Donor Advised Charitable Giving | Religion related | 2021 | $22,400 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $14,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $14,000 |
| Donor Advised Charitable Giving | Religion related | 2020 | $121,250 |
| Donor Advised Charitable Giving | Religion related | 2020 | $121,250 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2020 | $12,200 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2019 | $50,350 |
| Donor Advised Charitable Giving | Religion related | 2019 | $15,150 |
| National Christian Charitable Foundation | Growth | 2018 | $2,000 |
| Barnabas Foundation | General support | 2017 | $118,560 |
Frequently asked questions
- Is Mid-america Reformed Seminary a legitimate nonprofit?
- Yes. Mid-america Reformed Seminary is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 42-1164750, based in Dyer, Indiana. Donations are tax-deductible.
- What is Mid-america Reformed Seminary's EIN?
- Mid-america Reformed Seminary's Employer Identification Number (EIN) is 42-1164750.
- How much revenue does Mid-america Reformed Seminary report?
- Mid-america Reformed Seminary reported $4,884,329 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Mid-america Reformed Seminary have?
- CharityIndex grades Mid-america Reformed Seminary B, based on financial health (reserves and operating margin).
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Data for Mid-america Reformed Seminary (EIN 42-1164750) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.