Bethel College
- Assets
- $69.8m
- Revenue
- $31.4m
- Investments
- $0.0
- Employees
- 485
- Location
- North Newton, KS
- Founding
- 06/1958
- Data as of
- 06/2024
- 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 06/2024, Bethel College employed 485 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 06/2024, Bethel College generated $31.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $27.6m during the year ending 06/2024. While expenses have increased by 7.9% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O - FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION
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 |
|---|---|---|---|
Wynn Goering Chair | OfficerTrustee | 1 | $0 |
Lori Schmidt-Harrison Vice Chair | OfficerTrustee | 1 | $0 |
Cynthia Perkins Secretary | OfficerTrustee | 1 | $0 |
Thomas Penner Treasurer | OfficerTrustee | 1 | $0 |
Thomas Adrian Board Member | Trustee | 1 | $0 |
Faith Allen Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aladdin Food Mgmt Services Llc Food Service For Students | 6/29/24 | $1,186,031 |
Tax Credit Co Llc Tax Credit Fee | 6/29/24 | $237,741 |
Bsn Sports Llc Athletic Apparel | 6/29/24 | $118,193 |
Core Education Services Consulting | 6/29/24 | $126,000 |
Jenzabar Software Conversion | 6/29/24 | $212,459 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $137,138 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,773,565 |
| Noncash contributions included in lines 1a–1f | $94,543 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,910,703 |
| Total Program Service Revenue | $22,159,629 |
| Investment income | $321,005 |
| 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 | $31,391,337 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $10,888,028 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $561,663 |
| Compensation of current officers, directors, key employees. | $302,030 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,168,981 |
| Pension plan accruals and contributions | $60,530 |
| Other employee benefits | $797,103 |
| Payroll taxes | $518,256 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $31,560 |
| Fees for services: Accounting | $51,056 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,064,106 |
| Advertising and promotion | $192,267 |
| Office expenses | $594,721 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $666,978 |
| Travel | $972,842 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $93,677 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,555,666 |
| Insurance | $346,816 |
| All other expenses | $0 |
| Total functional expenses | $27,564,182 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,170 |
| Savings and temporary cash investments | $13,259,327 |
| Pledges and grants receivable | $2,602,675 |
| Accounts receivable, net | $252,481 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $502,454 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $127,618 |
| Net Land, buildings, and equipment | $19,390,373 |
| Investments—publicly traded securities | $33,408,772 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $237,190 |
| Total assets | $69,786,060 |
| Accounts payable and accrued expenses | $365,394 |
| Grants payable | $492,114 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $264,886 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,247,645 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $516,121 |
| Total liabilities | $2,886,160 |
| Net assets without donor restrictions | $20,309,948 |
| Net assets with donor restrictions | $46,589,952 |
| 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 | $69,786,060 |