Bethel University
- Assets
- $210.8m
- Revenue
- $136.7m
- Investments
- $12.0m
- Employees
- 2,318
- Location
- St Paul, MN
- Founding
- 10/1997
- Data as of
- 05/2021
- EIN
- 41-0708577
Organization Overview
Bethel University is located in St Paul, MN. The organization was established in 1997. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 05/2023, Bethel University employed 2,318 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bethel University is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2021, Bethel University generated $136.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $140.3m during the year ending 05/2021. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE AND ENERGIZE MEN AND WOMEN FOR EXCELLENCE IN LEADERSHIP, SCHOLARSHIP AND SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL INSTRUCTION:COLLEGE OF ARTS & SCIENCES (LIBERAL ARTS, UNDERGRADUATE): 1,907 STUDENTS; GRADUATE SCHOOL AND COLLEGE OF ADULT & PROFESSIONAL STUDIES (ADULT DEGREE COMPLETION): 926 GRADUATE STUDENTS AND 426 UNDERGRADUATE STUDENTS;BETHEL SEMINARY: 400 STUDENTS
FOUNDATION SUPPORT
ACADEMIC SUPPORT SERVICES:SERVICES INCLUDING BUT NOT LIMITED TO: BETHEL UNIVERSITY LIBRARY, OFFICE OF UNIVERSITY REGISTRAR, INFORMATION TECHNOLOGY SERVICES, HEALTH SERVICES, COUNSELING CENTER, AND ATHLETICS.
AUXILIARY SERVICES:SERVICES INCLUDING BUT NOT LIMITED TO: STUDENT HOUSING (APPROXIMATELY 2/3 OF STUDENTS ARE IN BETHEL HOUSING), FOOD SERVICE, CAMPUS STORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ross Allen President | OfficerTrustee | 40 | $348,040 |
Dan Dye Chair | OfficerTrustee | 5 | $0 |
Eric Green Vice Chair | OfficerTrustee | 5 | $0 |
Randy Dorn Treasurer | OfficerTrustee | 5 | $0 |
Linda Goodwin Secretary | Trustee | 5 | $0 |
Mark Bjorlo Trustee | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo America Llc Food Service Management | 5/30/23 | $5,774,888 |
Modern Climate Llc Marketing And Media Search | 5/30/23 | $1,692,403 |
Bj Baas Builders Construction/ Remodeling/ Remodeling/ Re | 5/30/23 | $1,181,832 |
Dimke Excavating Inc Construction/ Remodeling/ Remodeling/ Re | 5/30/23 | $591,169 |
Loffler Companies Inc Print And Office Services | 5/30/23 | $582,681 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,363,024 |
| Investment income | $326,071 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $17,865 |
| Net Gain/Loss on Asset Sales | $2,617,078 |
| Net Income from Fundraising Events | -$8,819 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $32,337 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $136,689,038 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $42,592,013 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $849,677 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $44,953,929 |
| Pension plan accruals and contributions | $2,463,454 |
| Other employee benefits | $8,701,309 |
| Payroll taxes | $3,133,947 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $414,874 |
| Fees for services: Accounting | $77,393 |
| Fees for services: Lobbying | $122,006 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,614,475 |
| Advertising and promotion | $3,337,076 |
| Office expenses | $3,418,123 |
| Information technology | $2,245,583 |
| Royalties | $0 |
| Occupancy | $2,601,223 |
| Travel | $548,639 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,339,618 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,676,565 |
| Insurance | $757,316 |
| All other expenses | $0 |
| Total functional expenses | $140,321,203 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,392,042 |
| Savings and temporary cash investments | $7,106,110 |
| Pledges and grants receivable | $3,508,895 |
| Accounts receivable, net | $2,216,731 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $747,080 |
| Prepaid expenses and deferred charges | $603,562 |
| Investments—publicly traded securities | $56,924,461 |
| Investments—other securities | $12,047,360 |
| Investments—program-related | $546,421 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $210,773,506 |
| Accounts payable and accrued expenses | $6,287,249 |
| Grants payable | $3,586 |
| Deferred revenue | $3,294,553 |
| Tax-exempt bond liabilities | $47,899,121 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,466,136 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $33,495,351 |
| Total liabilities | $92,445,996 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $118,327,510 |