Bethel College
- Assets
- $59.3m
- Revenue
- $18.6m
- Investments
- $0.0
- Employees
- 484
- Location
- North Newton, KS
- Founding
- 06/1958
- Data as of
- 06/2022
- EIN
- 48-0543782
Organization Overview
Bethel College is located in North Newton, KS. The organization was established in 1958. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Bethel College employed 484 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bethel College 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 06/2022, Bethel College generated $18.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $15.5m during the year ending 06/2022. While expenses have increased by 1.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PREPARE STUDENTS, THROUGH ACTIVE LEARNING AND RIGOROUS INSTRUCTION IMBURED WITH THE SPIRIT OF LIBERAL ARTS, TO BECOME CRITICAL THINKERS AND ENGAGED GLOBAL CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL AND EDUCATION SERVICES FOR STUDENTS
STUDENT HOUSING, FOOD SERVICE AND BOOKSTORE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Gering President | Officer | 40 | $143,143 |
Galen Goertzen Secretary | OfficerTrustee | 1 | $0 |
Thomas Adrian Chair | OfficerTrustee | 1 | $0 |
Lori Schmidt-Harrison Vice Chair | OfficerTrustee | 1 | $0 |
Thomas Penner Treasurer | OfficerTrustee | 1 | $0 |
Kate Brubacher Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bsn Sports Llc Sports Apparel And Equipment | 6/29/22 | $113,969 |
Isg Technology Llc It Services | 6/29/22 | $100,048 |
Aladdin Food Mgmt Services Llc Food Service For Students | 6/29/22 | $1,063,841 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,724,961 |
| Noncash contributions included in lines 1a–1f | $11,385 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,724,961 |
| Total Program Service Revenue | $10,812,445 |
| Investment income | $97,050 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,634,456 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $213,852 |
| Compensation of current officers, directors, key employees. | $88,822 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,586,016 |
| Pension plan accruals and contributions | $56,406 |
| Other employee benefits | $673,064 |
| Payroll taxes | $453,498 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $49,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,767,799 |
| Advertising and promotion | $167,112 |
| Office expenses | $378,304 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $707,520 |
| Travel | $894,356 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $95,234 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,372,982 |
| Insurance | $237,160 |
| All other expenses | $0 |
| Total functional expenses | $15,516,299 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,200 |
| Savings and temporary cash investments | $10,183,994 |
| Pledges and grants receivable | $4,288,274 |
| Accounts receivable, net | $216,107 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $136,242 |
| Net Land, buildings, and equipment | $17,719,471 |
| Investments—publicly traded securities | $25,535,047 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,243,876 |
| Total assets | $59,328,211 |
| Accounts payable and accrued expenses | $328,331 |
| Grants payable | $960,052 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $781,250 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,251,013 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $641,809 |
| Total liabilities | $3,962,455 |
| Net assets without donor restrictions | $17,753,662 |
| Net assets with donor restrictions | $37,612,094 |
| 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 | $59,328,211 |
Grants Recieved
Over the last fiscal year, we have identified 18 grants that Bethel College has recieved totaling $472,178.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $180,500 |
Dwane L And Velma Lunt Wallace Wichita, KS PURPOSE: GRANT FOR A STUDENT WELLNESS CENTER | $100,000 |
Lewis Humphreys Charitable Trust Dallas, TX PURPOSE: ENGAGE THE FUTURE: STUDENT | $100,000 |
Central Kansas Community Foundation Newton, KS PURPOSE: OPERATING SUPPORT | $28,255 |
Ernest And Golda Huitt Privatefoundation Pratt, KS PURPOSE: CHARITABLE GRANT | $25,000 |
Bungardt Foundation Tulsa, OK PURPOSE: EDUCATIONAL SCHOLARSHIP | $7,500 |
Endowment Analysis
| Beg. Balance | $31,624,566 |
| Earnings | -$4,563,779 |
| Net Contributions | $1,671,531 |
| Other Expense | $1,154,476 |
| Ending Balance | $27,577,842 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hastings College Hastings, NE | $158,855,744 | $47,033,003 |
Newman University Inc Wichita, KS | $79,433,180 | $42,694,112 |
Missouri Valley College Marshall, MO | $51,178,599 | $44,171,288 |
Mcpherson College Mcpherson, KS | $110,145,615 | $65,375,899 |
Southwestern College Winfield, KS | $37,171,313 | $43,054,201 |
Fontbonne University St Louis, MO | $54,325,059 | $38,582,206 |
University Of Saint Mary Leavenworth, KS | $58,659,076 | $37,612,125 |
Culver-Stockton College Canton, MO | $69,827,543 | $36,152,681 |
George Stone Adventist School Lincoln, NE | $65,634,399 | $35,905,654 |
Westminster College Fulton, MO | $90,674,045 | $30,260,128 |
Bethany College Lindsborg, KS | $30,907,955 | $32,360,411 |
Mid-America Christian University Inc Oklahoma City, OK | $46,962,121 | $32,546,102 |