Civic Intelligence

Bethel University

990 • Fiscal year 2016 • EIN 41-0708577

Jun 01, 2015 to May 31, 2016 • Filed on Apr 17, 2017

3900 Bethel DriveSt Paul, MN 55112-6999

(651) 638-6208

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

68th percentile

0.53x

Higher debt load relative to assets than 68% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Liabilities / Revenue

61st percentile

0.69x

Higher debt load relative to revenue than 61% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Net Margin

53rd percentile

3.3%

Higher net margin than 53% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Top Officer Pay

22nd percentile

$270,137

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Asset Growth

42nd percentile

0.3%

Faster asset growth than 42% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Revenue Growth

39th percentile

-0.1%

Faster revenue growth than 39% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Assets

Up

$195,247,484

Up $583,365 (+0.3%) from 2015

Net Assets

Down

$92,358,997

Down $1,027,138 (-1.1%) from 2015

Liabilities

Up

$102,888,487

Up $1,610,503 (+1.6%) from 2015

Revenue

Down

$148,396,272

Down $128,536 (-0.1%) from 2015

Expenses

Up

$143,481,996

Up $11,080,544 (+8.4%) from 2015

Net Income

Down

$4,914,276

Down $11,209,080 (-70%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300M$200M$100M$0Assets 2010: $150,323,044Liabilities 2010: $88,213,192Net Assets 2010: $62,109,8522010Assets 2011: $160,711,142Liabilities 2011: $84,220,758Net Assets 2011: $76,490,3842011Assets 2012: $161,185,281Liabilities 2012: $100,069,009Net Assets 2012: $61,116,2722012Assets 2013: $170,022,766Liabilities 2013: $84,735,106Net Assets 2013: $85,287,6602013Assets 2014: $173,692,433Liabilities 2014: $83,997,770Net Assets 2014: $89,694,6632014Assets 2015: $194,664,119Liabilities 2015: $101,277,984Net Assets 2015: $93,386,1352015Assets 2016: $195,247,484Liabilities 2016: $102,888,487Net Assets 2016: $92,358,9972016Assets 2017: $200,781,750Liabilities 2017: $96,308,613Net Assets 2017: $104,473,1372017Assets 2018: $204,441,760Liabilities 2018: $96,580,435Net Assets 2018: $107,861,3252018Assets 2019: $197,570,130Liabilities 2019: $100,886,894Net Assets 2019: $96,683,2362019Assets 2020: $206,434,060Liabilities 2020: $120,522,852Net Assets 2020: $85,911,2082020Assets 2021: $210,773,506Liabilities 2021: $92,445,996Net Assets 2021: $118,327,5102021Assets 2022: $227,108,582Liabilities 2022: $85,277,743Net Assets 2022: $141,830,8392022Assets 2023: $220,920,531Liabilities 2023: $79,681,443Net Assets 2023: $141,239,0882023Assets 2024: $235,708,441Liabilities 2024: $75,346,676Net Assets 2024: $160,361,7652024Assets 2025: $251,026,001Liabilities 2025: $78,878,579Net Assets 2025: $172,147,4222025

Highlighted filing

2016

Assets$195,247,484
Liabilities$102,888,487
Net Assets$92,358,997

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200M$150M$100M$50M$0-$50MExpenses 2010: $125,325,9372010Expenses 2011: $122,516,6192011Expenses 2012: $134,181,9402012Revenue 2013: $143,804,508Expenses 2013: $138,213,257Net Income 2013: $5,591,2512013Revenue 2014: $138,397,769Expenses 2014: $133,098,336Net Income 2014: $5,299,4332014Revenue 2015: $148,524,808Expenses 2015: $132,401,452Net Income 2015: $16,123,3562015Revenue 2016: $148,396,272Expenses 2016: $143,481,996Net Income 2016: $4,914,2762016Revenue 2017: $141,040,214Expenses 2017: $136,630,509Net Income 2017: $4,409,7052017Revenue 2018: $141,706,321Expenses 2018: $143,474,824Net Income 2018: -$1,768,5032018Revenue 2019: $140,267,855Expenses 2019: $142,962,869Net Income 2019: -$2,695,0142019Revenue 2020: $146,758,836Expenses 2020: $143,225,963Net Income 2020: $3,532,8732020Revenue 2021: $136,689,038Expenses 2021: $140,321,203Net Income 2021: -$3,632,1652021Revenue 2022: $163,942,333Expenses 2022: $137,330,745Net Income 2022: $26,611,5882022Revenue 2023: $124,922,475Expenses 2023: $125,612,255Net Income 2023: -$689,7802023Revenue 2024: $127,136,085Expenses 2024: $125,158,728Net Income 2024: $1,977,3572024Revenue 2025: $138,482,716Expenses 2025: $132,261,620Net Income 2025: $6,221,0962025

Highlighted filing

2016

Revenue$148,396,272
Expenses$143,481,996
Net Income$4,914,276
Jump To
Filing Snapshot
Filing Period
Jun 1, 2015 to May 31, 2016
Signed
Apr 17, 2017
Return Version
2015v3.0
Gross Receipts
$223,365,879
Mission and Program Overview

Mission

We educate and equip students to lead lives of impact through transformative academics in a christ-centered community.

To educate and energize men and women for excellence in leadership, scholarship and service.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$104,514,998$110,966,606▲ $6,451,608
Investments in Publicly Traded Securities$33,214,121$33,891,469▲ $677,348
Cash and Non-Interest-Bearing Accounts$31,690,597$25,169,512▼ $6,521,085
Investments Other Securities$15,299,094$15,555,676▲ $256,582
Accounts Receivable$4,240,024$4,506,886▲ $266,862
Investments Program Related$2,603,650$2,584,439▼ $19,211
Inventories for Sale or Use$930,546$941,744▲ $11,198
Pledges and Grants Receivable$505,297$833,367▲ $328,070
Savings and Temporary Cash Investments$504,551$500,264▼ $4,287
Prepaid Expenses and Deferred Charges$1,161,241$265,854▼ $895,387
Receivable From Disqualified Prsn$0$31,667▲ $31,667
Total Assets$194,664,119$195,247,484▲ $583,365
Liabilities
Other Liabilities$43,236,361$46,854,865▲ $3,618,504
Tax Exempt Bond Liabilities$41,275,000$40,087,868▼ $1,187,132
Accounts Payable and Accrued Expenses$7,424,638$6,707,584▼ $717,054
Unsecured Notes Loans Payable$6,000,000$6,000,000→ $0
Grants Payable$1,897,955$1,845,898▼ $52,057
Deferred Revenue$1,444,030$1,392,272▼ $51,758
Total Liabilities$101,277,984$102,888,487▲ $1,610,503
Net Assets / Fund Balance
Unrestricted Net Assets$35,449,040$45,009,532▲ $9,560,492
Permanently Rstr Net Assets$31,518,883$32,341,213▲ $822,330
Temporarily Rstr Net Assets$26,418,212$15,008,252▼ $11,409,960
Total Net Assets Fund Balance$93,386,135$92,358,997▼ $1,027,138
Total Liabilities and Net Assets / Fund Balance$194,664,119$195,247,484▲ $583,365

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$98,288,632$54,677,924$152,966,556
Equipment$9,602,847$25,914,317$35,517,164
Leasehold Improvements$332,943$6,717,940$7,050,883
Land$2,742,184-$2,742,184
Other Securities$15,555,676--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$40,103,477$5,051,860▼ $2,040,072$111,737$41,752,459
2015$37,529,158$3,103,840▲ $819,339$262,052$40,103,477
2014$34,395,566$918,382▲ $3,340,212$489,171$37,529,158
2013$28,873,064$1,704,768▲ $4,848,366$493,398$34,395,566
2012$30,808,051$645,641▼ $1,536,634$437,451$28,873,064
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Barnes Iii James HPresidentFT$192,456$77,681$270,137
Harless DebraExecutive VP and ProvostFT$152,860$34,214$187,074
Irving JustinProfessorFT$105,593$81,148$186,741
Laluzerne JosephSr VP Strategic PlanningFT$153,075$24,350$177,425
Boeve WallaceDirector Phys Asst StudiesFT$141,747$30,580$172,327
Posner MarkVP for ItsFT$124,105$43,909$168,014
Brooke PatrickChief Financial OfficerFT$137,116$22,488$159,604
Shaw TimothyProfessorFT$121,940$16,268$138,208
Paulson CraigProfessorFT$119,335$11,994$131,329
Lindvall SherieFormer Sr VP Communications/mktg-$19,479$102,652$122,131

Highest Paid Contractors

ContractorServicesLocationCompensation
Sodexho INCFood Service ManagementPO BOX 536922, Atlanta, GA 30353$5,516,922
Winkelman Building CorporationBuilding Contractor340 HIGHWAY 10 S, St Cloud, MN 56304$5,390,372
Bj Baas BuildersBuilding Contractor300 EMERSON STREET NORTH, Cambridge, MN 55008$2,367,808
Haworth Marketing And MediaMarketing & Media Services2304 MOMENTUM PLACE, Chicago, IL 60689$1,662,112
Alternative Business FurnitureOffice Furniture6533 FLYING CLOUD DRIVE, Eden Prairie, MN 55344$624,281
Revenue and Support

Revenue Composition

Contributions and Grants
$15,501,590
Program Service Revenue
$130,900,155
Investment Income
$94,219
Other Revenue
$1,900,308
All Other Contributions
$13,569,688
Change in Net Assets
$4,914,276

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded16$102,568Stock Market Quotes
Other Non Cash Contri Table9$23,189Fair Market Value
Works of Art1$15,000Fair Market Value
Other Non Cash Contri Table35$6,934Fair Market Value
Total Noncash Contributions61$147,691-

Audited Revenue Reconciliation

Revenue per Audited Statements
$104,742,623
Revenue Not Reported on Financial Statements
$43,653,649
Revenue Not Reported on Form 990
$-1,276,145
Other Revenue Adjustments
$43,653,649
Total Revenue per Audited Statements
$103,466,478
Total Revenue per Form 990
$148,396,272
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$62,100,297
Other Expenses$45,280,030
Grants and Similar Amounts Paid$36,101,669
Total Fundraising Expense$1,856,443
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$35,593,062$8,582,293$993,921$45,169,276
Grants to Domestic Individuals$35,714,492--$35,714,492
Other Employee Benefits$4,957,060$3,973,159$139,444$9,069,663
Depreciation Depletion-$5,283,410-$5,283,410
Office Expenses$2,194,134$1,743,190$156,490$4,093,814
Pension Plan Contributions$3,042,924$744,344$89,402$3,876,670
Occupancy$1,831,625$1,831,962-$3,663,587
Other Expenses$2,226,345$1,381,360$883$3,608,588
Travel$2,866,605$524,223$90,672$3,481,500
Advertising$454,207$2,804,403$101,205$3,359,815
Payroll Taxes$2,398,662$601,308$72,361$3,072,331
Fees for Services Other$1,414,302$1,556,507$38,717$3,009,526
Interest$1,771,513$683,772-$2,455,285
Information Technology$133,338$1,371,429-$1,504,767
Current Officers, Directors, Trustees, and Key Employees$267,829$544,364$100,164$912,357
Insurance-$760,842-$760,842
Grants to Domestic Orgs$387,177--$387,177
Fees for Services Legal-$240,461$1,007$241,468
Fees for Service Investment Mgmnt Fees-$179,231-$179,231
Fees for Services Lobbying-$122,205-$122,205
Fees for Services Accounting-$79,777-$79,777
Total Functional Expenses$105,894,843$35,730,710$1,856,443$143,481,996

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$143,481,996
Total Expenses per Audited Statements$109,072,898
Expenses per Audited Statements$107,767,504
Expenses Not Reported on Financial Statements$35,714,492
Other Expense Adjustments$35,714,492
Expenses Not Reported on Form 990$1,305,394
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Bethel University FoundationSt Paul, MN501(c)(3)General Support$387,177

International Summary

Offices
0
Employees
0
Spending
$6,970,080

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
Yes
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America & CaribbeanInvestmentsN/a00$6,261,035
EuropeProgram ServicesStudy Abroad00$482,017
South AmericaProgram ServicesStudy Abroad00$148,286
Central America & CaribbeanProgram ServicesStudy Abroad00$78,742
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$33,283
Fundraising Gross Income$16,480
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Bethel Golf Classic$61,480$16,480$7,473$9,007
Total Events$61,480$16,480$33,283$-16,803
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No

Reported Spending and Taxes

Line ItemAmount
Political Expenditures$0
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons$0$31,667▲ $31,667
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Pension Liability$42,568,426
Gift Annuity Contracts$3,237,439
Liability for Self-insurance$685,772
Other Liabilities$363,228

Bond Issues

BondIssuerIssuedIssue PricePurpose
AMn Higher Education Facilities Authority2007-08-02$43,541,514Construction & bond retirement

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$43,541,514$27,828,161$2,725,000$679,875

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1

The university's executive committee is comprised of the board chair, vice chair, secretary, treasurer, assistant secretary and other trustees as selected by the board. The executive committee has the power and authority to act as delegated between board meetings.

Form 990, Part VI, Section A, Line 4

The university amended its bylaws for the following changes: 1) elected members of the board of trustees shall be members of converge worldwide churches. 2) a majority of the board of trustees, based on a count of elected, district executive council members, and ex-officio members, shall be members of converge worldwide churches. 3) the board of trustees composition was changed to at least 24 members with no more than 39 members who are elected, appointed or otherwise designated by the bylaws.

Form 990, Part VI, Section A, Line 6

The members of the university include regularly organized baptist churches which are members in good standing of the baptist general conference (bgc). Elected delegates of member churches, regularly elected members of the bgc board, the president of the conference, the officers of the biennial assembly of the conference, the chief administrative officer of each conference district, the president and chief academic officers of bethel university, the members of the board of trustees of bethel university, and the duly confirmed full time faculty members of bethel seminary serve as delegates to the biennial assembly of the university with voice and vote.

Form 990, Part VI, Section A, Line 7A

A majority of the university's board of trustees are elected by the delegates at the biennial assembly. Additional board trustees may be appointed by the board of trustees subject to confirmation by the delegates at the biennial assembly. Two representatives of the district executive ministers council are appointed by the board of the council. The president of the baptist general conference and the president of the university serve as ex-officio members of the board of trustees with voting rights.

Form 990, Part VI, Section A, Line 7B

Amendments to the university's governing documents, its affirmation of faith, election and/or confirmation of board members, election of a president, confirmation of the provost and full time teachers in the seminary are subject to approval by the delegates of the university.

Form 990, Part VI, Section B, Line 11

The public inspection copy of the form 990 was electronically provided for review to all board members, including the audit committee, prior to filing.

Form 990, Part VI, Section B, Line 12C

The university's conflict of interest policy applies to trustees, governors, officers, and employees who influence the actions of the organization or make commitments on its behalf. All trustees, governors and officers are required to complete and sign an annual disclosure form. All individuals are required to disclose any potential conflicts of interest before a transaction is consummated. If it is not clear whether an employee has a conflict, the decision is made by the relevant supervisor - the board chair, department chair, dean, vice president or provost. In the case of trustees, the decision is made by the board of trustees. An individual with a potential conflict abstains from voting on the matter and withdraws from any relevant discussion. The board of trustees votes on whether the transaction is just, fair and reasonable to the organization. The minutes of the meeting of the board or committee shall reflect the conflict of interest was disclosed and that the interested individual was not present during the final discussion or vote and did not vote.

Form 990, Part VI, Section B, Line 15

The compensation of the president, other officers, and key employees is determined by the compensation and performance committee of the board of trustees in accordance with its executive compensation policy, reviewing benchmark data, utilizing the methodology of the rebuttable presumption of reasonableness test established by the irs, using compensation advisers, and reviewing the individuals performance. This process was last conducted in 2014 for j. Barnes, president; p. Brooke, chief financial officer; d. Harless, executive vp & provost; and j. Laluzerne, sr vp strategic planning.

Form 990, Part VI, Section C, Line 19

The university's governing documents, conflict of interest policy and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Bethel University
EIN
41-0708577
Phone
6516386208
Address
3900 BETHEL DRIVE, ST PAUL, MN 55112-6999

Signing Officer

Name
Patrick Brooke
Title
Chief Financial Officer
Phone
6516386208
Signed
2017-04-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James H Barnes Iii
Formed
1996
Legal Domicile
Mn
Voting Board Members
37
Independent Board Members
36
Employees
3,215
Volunteers
37

Preparer

Firm
Cliftonlarsonallen Llp
Address
220 SOUTH SIXTH STREET SUITE 300, MINNEAPOLIS, MN 55402
Preparer
Amy Hendley
Phone
6123764500
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in gift annuities 307,887. Change in pension liability -3,667,762.

Financial Statement Notes

PART III, LINE 1A:

Bethel's collections, which were acquired through purchases and contributions since bethel's inception, are not recognized as assets on the balance sheet. Purchases of collection items are recorded as decreases in unrestricted net assets in the year in which the items are acquired or as temporarily restricted net assets if the assets used to purchase the items are restricted by donors. Contributed collection items are not reflected on the financial statements. Proceeds from de-accessions or insurance recoveries are reflected as increases in the appropriate net asset classes. Bethel's collections are made up of pottery, prints, musical instruments, and paintings that are held for educational and performance purposes. Each of the items are cataloged, preserved and cared for, and activities verifying their existence and assessing their condition are performed continuously.

PART V, LINE 4:

Endowment funds are used to provide scholarships as well as to support programs and operations.

PART X, LINE 2:

Bethel has received a determination letter from the internal revenue service indicating it is a tax-exempt organization under section 501(c)(3) of the internal revenue code and is subject to federal income tax only on net unrelated business income. Contributions are also tax deductible. Bethel has no obligation for unrelated business income tax. Accordingly, no provisions for federal or state income taxes are required. Bethel follows accounting for uncertainty in income taxes. This standard clarifies the accounting for uncertainty in income taxes recognized in an entity's financial statements and prescribes a recognition threshold for the financial statement recognition of tax positions taken or expected to be taken on a tax return that are not certain to be realized.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Special event expenses 33,282. Cost of goods sold 1,258,723. Rental expenses 13,389.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Institutionally funded aid 35,714,492. Non-operating contributions, gifts & bequests 10,356,843. Non-operating investment income -3,339,062. Non-operating other sources 921,376.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Special event expenses 33,282. Cost of goods sold 1,258,723. Rental expenses 13,389.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Institutionally funded aid 35,714,492.

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$251$78.9$172$138$132$6.22
2024Detailed filing. Detailed filing data is available for this year.$236$75.3$160$127$125$1.98
2023Detailed filing. Detailed filing data is available for this year.$221$79.7$141$125$126$0.69
2022Detailed filing. Detailed filing data is available for this year.$227$85.3$142$164$137$26.6
2021Detailed filing. Detailed filing data is available for this year.$211$92.4$118$137$140$3.63
2020Detailed filing. Detailed filing data is available for this year.$206$121$85.9$147$143$3.53
2019Detailed filing. Detailed filing data is available for this year.$198$101$96.7$140$143$2.70
2018Detailed filing. Detailed filing data is available for this year.$204$96.6$108$142$143$1.77
2017Detailed filing. Detailed filing data is available for this year.$201$96.3$104$141$137$4.41
2016Detailed filing. Detailed filing data is available for this year.$195$103$92.4$148$143$4.91
2015Detailed filing. Detailed filing data is available for this year.$195$101$93.4$149$132$16.1
2014Detailed filing. Detailed filing data is available for this year.$174$84.0$89.7$138$133$5.30
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$170$84.7$85.3$144$138$5.59
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$161$100$61.1$134
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$161$84.2$76.5$123
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$150$88.2$62.1$125