Bethany College
- Assets
- $94.2m
- Revenue
- $39.8m
- Investments
- $17.5m
- Employees
- 487
- Location
- Bethany, WV
- Founding
- 11/1947
- Data as of
- 06/2021
- EIN
- 55-0356985
Organization Overview
Bethany College is located in Bethany, WV. The organization was established in 1947. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Bethany College employed 487 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bethany 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 06/2021, Bethany College generated $39.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $36.6m during the year ending 06/2021. While expenses have increased by 0.0% per year over the past 6 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TEACHING AND LEARNING FORM THE MISSION OF BETHANY COLLEGE.
Describe the Organization's Program Activity:
INSTRUCTION - THE COLLEGE PROVIDES EDUCATIONAL SERVICES AND INSTRUCTIO TO FULL AND PART TIME STUDENTS SEEKING A COLLEGE EDUCATION AND/OR DEGREE. SCHOLARSHIPS & FELLOWSHIPS - THE COLLEGE PROVIDES FINANCIAL ASSISTANCE TO STUDENTS EITHER BASED ON THEIR NEED OR ACADEMIC MERIT.
ACADEMIC SUPPORT AND OTHER STUDENT SERVICES RELATED PROGRAMS - SUPPORT ACTIVITIES THROUGH THE DEANS OF VARIOUS DIVISIONS, THE LIBRARY, AND AUDIO VISUAL SERVICES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Tamara Nichols Rodenberg President | OfficerTrustee | 55 | $259,294 |
Dennis E Mcmaster Cfo/vp Of Finance | Officer | 55 | $165,113 |
Joseph Lane Provost | Officer | 50 | $150,283 |
Karen Hunt VP Of Enrollment | 50 | $132,653 | |
Stephen Thompson Athletic Director | 50 | $105,922 | |
Lori Weaver Director Of Advancement | 50 | $102,977 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Follett Higher Education Group Textbook Rental Program | 6/29/21 | $353,094 |
He Neumann Co Hvac Repair & Maintenance | 6/29/21 | $303,783 |
Eab Global Inc Student Search | 6/29/21 | $511,962 |
Independent College Enterprise Information Technology | 6/29/21 | $234,538 |
Eat'n Park Hospitality Group Inc Dining Services | 6/29/21 | $1,942,840 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,716,682 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,130,075 |
| Noncash contributions included in lines 1a–1f | $251,625 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,846,757 |
| Total Program Service Revenue | $22,779,293 |
| Investment income | $623,038 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,437,649 |
| Net Rental Income | -$762 |
| Net Gain/Loss on Asset Sales | $5,082,148 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $39,768,123 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $13,160,380 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $614,958 |
| Compensation of current officers, directors, key employees. | $463,961 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,576,333 |
| Pension plan accruals and contributions | $32,662 |
| Other employee benefits | $1,814,980 |
| Payroll taxes | $583,802 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $142,275 |
| Fees for services: Accounting | $98,920 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $81,692 |
| Fees for services: Other | $1,073,038 |
| Advertising and promotion | $310,772 |
| Office expenses | $377,934 |
| Information technology | $75,664 |
| Royalties | $0 |
| Occupancy | $1,673,041 |
| Travel | $118,148 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,257,583 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,624,941 |
| Insurance | $298,028 |
| All other expenses | $778,097 |
| Total functional expenses | $36,565,770 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,880,243 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $4,147,727 |
| Accounts receivable, net | $1,081,480 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,648,081 |
| Inventories for sale or use | $19,908 |
| Prepaid expenses and deferred charges | $921,654 |
| Net Land, buildings, and equipment | $32,341,458 |
| Investments—publicly traded securities | $31,171,901 |
| Investments—other securities | $17,470,781 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,470,000 |
| Total assets | $94,153,233 |
| Accounts payable and accrued expenses | $3,251,581 |
| Grants payable | $3,284,726 |
| Deferred revenue | $281,417 |
| Tax-exempt bond liabilities | $24,377,702 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $10,894,390 |
| Unsecured mortgages and notes payable | $3,392,825 |
| Other liabilities | $5,653,431 |
| Total liabilities | $51,136,072 |
| Net assets without donor restrictions | -$14,075,419 |
| Net assets with donor restrictions | $57,092,580 |
| 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 | $94,153,233 |
Grants Recieved
Over the last fiscal year, we have identified 33 grants that Bethany College has recieved totaling $1,005,463.
| Awarding Organization | Amount |
|---|---|
Renner Foundation Leesville, OH PURPOSE: TO ESTABLISH A SCHOLARSHIP ENDOWMENT IN MEMORY OF JOHN W. RENNER | $266,422 |
Psi Chapter Diamond Association Charitable Foundation Inc Oxnard, CA PURPOSE: SCHOLARSHIP AWARDS | $231,100 |
The Thomas Phillips And Jane Moore Johnson Foundation Telluride, CO PURPOSE: GENERAL CHARITABLE | $111,900 |
Theodore And Beulah Beasley Foundation Inc Dallas, TX PURPOSE: REHAB OF BIOLOGY LAV | $75,000 |
West Virginia Independent Colleges And Universities Inc Charleston, WV PURPOSE: SUPPORT OF OPERATIONS | $69,911 |
Edward W Powers And Alice R Powers Higher Educational Fund Pittsburgh, PA PURPOSE: SCHOLARSHIPS | $48,360 |
Endowment Analysis
| Beg. Balance | $47,271,949 |
| Earnings | $5,851,388 |
| Net Contributions | $1,187,235 |
| Other Expense | $1,213,931 |
| Grants | $460,755 |
| Ending Balance | $52,635,886 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Campbellsville University Inc Campbellsville, KY | $197,242,279 | $142,326,474 |
Centre College Of Kentucky Danville, KY | $677,636,297 | $215,283,093 |
Roanoke College Salem, VA | $354,210,741 | $126,475,040 |
Goucher College Baltimore, MD | $394,278,148 | $93,748,228 |
Ohio Wesleyan University Delaware, OH | $522,945,081 | $119,149,215 |
Lebanon Valley College Annville, PA | $214,348,628 | $104,612,783 |
Seton Hill University Greensburg, PA | $189,465,294 | $99,847,300 |
Wittenberg College Board Of Directors Springfield, OH | $198,135,859 | $89,178,248 |
Juniata College Huntingdon, PA | $246,892,473 | $100,031,718 |
Washington And Jefferson College Washington, PA | $317,857,588 | $82,152,318 |
University Of Mount Union Alliance, OH | $316,310,745 | $109,042,625 |
Randolph-Macon College Ashland, VA | $426,120,167 | $119,204,346 |