Bethel University
- Assets
- $210.8m
- Revenue
- $136.7m
- Investments
- $12.0m
- Employees
- 2,502
- 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 05/2022, Bethel University employed 2,502 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 6 years, revenues have fallen by an average of (1.4%) 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 (0.4%) per year over the past 6 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): 2,428 STUDENTS; GRADUATE SCHOOL AND COLLEGE OF ADULT & PROFESSIONAL STUDIES (ADULT DEGREE COMPLETION): 1,356 GRADUATE STUDENTS AND 631 UNDERGRADUATE STUDENTS;BETHEL SEMINARY: 507 STUDENTS
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.
FOUNDATION SUPPORT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ross Allen President | OfficerTrustee | 40 | $345,225 |
Robin Rylaarsdam University Provost | Officer | 40 | $154,308 |
John Addleman VP Of Student Experience | 40 | $148,832 | |
James Bender VP For Advancement | 40 | $144,576 | |
Randall Bergen Assoc Provost For The College Of Adult And Profess | 40 | $133,039 | |
Kristi Moline Exec Director, Center For Healthcare Excellence | 40 | $131,365 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo America Llc Food Service Management | 5/30/22 | $5,278,024 |
Haworth Marketing And Media Marketing And Media Search | 5/30/22 | $1,821,790 |
Loffler Companies Inc Print And Office Services | 5/30/22 | $639,573 |
Dimke Excavating Inc Construction/ Remodeling/ Remodeling/ Re | 5/30/22 | $5,005,826 |
Cdw-government Network Services | 5/30/22 | $344,859 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $47,320 |
| Related organizations | $458,963 |
| Government grants | $5,608,765 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,247,976 |
| Noncash contributions included in lines 1a–1f | $4,273,603 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,363,024 |
| Total Program Service Revenue | $117,341,482 |
| 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 organizations and domestic governments. | $371,322 |
| 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 of current officers, directors, key employees. | $452,256 |
| 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 |
| Net Land, buildings, and equipment | $117,680,844 |
| 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 | $43,598,169 |
| Net assets with donor restrictions | $74,729,341 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $210,773,506 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Bethel University has recieved totaling $50,879.
| Awarding Organization | Amount |
|---|---|
Annexstad Family Foundation Mound, MN PURPOSE: SCHOLARSHIP | $45,879 |
Patch Foundation Minneapolis, MN PURPOSE: EDUCATIONAL | $5,000 |
Endowment Analysis
| Beg. Balance | $64,840,524 |
| Earnings | -$3,750,197 |
| Admin Expense | $198,760 |
| Net Contributions | $34,385,307 |
| Other Expense | $1,009,435 |
| Grants | $1,395,928 |
| Ending Balance | $92,871,511 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Olaf College Northfield, MN | $1,072,190,588 | $240,994,923 |
Carleton College Northfield, MN | $1,414,260,160 | $240,267,870 |
Trustees Of Grinnell College Grinnell, IA | $3,450,447,819 | $273,975,826 |
Macalester College St Paul, MN | $1,183,330,680 | $186,131,359 |
Concordia University Inc Mequon, WI | $163,946,113 | $168,516,078 |
Gustavus Adolphus College Saint Peter, MN | $555,228,341 | $183,510,862 |
Bethel University St Paul, MN | $210,773,506 | $136,689,038 |
Carroll University Inc Waukesha, WI | $261,882,162 | $140,965,442 |
Augsburg University Minneapolis, MN | $220,780,212 | $133,913,998 |
Concordia College Corporation Moorhead, MN | $403,850,675 | $127,833,637 |
Luther College Decorah, IA | $330,055,480 | $125,968,312 |
College Of St Scholastica Inc Duluth, MN | $228,173,776 | $117,585,202 |