Bethel University Inc
- Assets
- $48.7m
- Revenue
- $40.0m
- Investments
- $0.0
- Employees
- 867
- Location
- Mishawaka, IN
- Founding
- 10/1948
- Data as of
- 06/2020
- EIN
- 35-0935587
Organization Overview
Bethel University Inc is located in Mishawaka, IN. The organization was established in 1948. 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, Bethel University Inc employed 867 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bethel University Inc 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 06/2020, Bethel University Inc generated $40.0m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $40.4m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (0.9%) 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
BETHEL UNIVERSITY PROVIDES LIBERATING ACADEMIC AND CO-CURRICULAR PROGRAMS TO CHALLENGE THE MIND, ENLARGE THE VISION AND EQUIP THE WHOLE PERSON FOR LIFE-LONG SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BETHEL UNIVERSITY PROVIDED EDUCATIONAL SERVICES TO APPROXIMATELY 1,400 STUDENTS DURING THE 2020/2021 ACADEMIC YEAR. THIS INCLUDES OVER FIFTY (50) ACADEMIC PROGRAMS, AWARDING BOTH GRADUATE AND UNDERGRADUATE DEGREES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregg Chenoweth Left 52021 President | Officer | 40 | $198,217 |
Jerry White Vice President & CFO | Officer | 40 | $122,119 |
Barbara Bellefeuille VP Of Academic Affairs | Officer | 40 | $118,089 |
Terrell Elam Vice President For Enrollment | Officer | 40 | $110,960 |
Matthew Lentsch Left 62021 Vice President For Institution | Officer | 40 | $99,760 |
Shawn Holtgren Vice President For Student Dev | Officer | 40 | $78,628 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dj Construction Co Inc Construction | 6/29/21 | $2,879,296 |
Sodexo Food Service | 6/29/21 | $1,799,437 |
Eab Global Inc Student Recruiting | 6/29/21 | $675,807 |
Jenzabar Erp Software/support | 6/29/21 | $211,775 |
Wiley Education Services Online Program Mgmt | 6/29/21 | $615,322 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,495,935 |
| Investment income | $202,765 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $76,572 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $14,288 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $40,006,041 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $13,986,426 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $846,512 |
| Compensation to disqualified persons | $204,325 |
| Other salaries and wages | $10,645,973 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,817,791 |
| Payroll taxes | $776,402 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,255 |
| Fees for services: Accounting | $71,429 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $127,970 |
| Fees for services: Investment Management | $42,454 |
| Fees for services: Other | $3,130,483 |
| Advertising and promotion | $921,209 |
| Office expenses | $956,376 |
| Information technology | $35,925 |
| Royalties | $0 |
| Occupancy | $999,588 |
| Travel | $741,951 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $585,588 |
| Interest | $720,240 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,164,552 |
| Insurance | $254,572 |
| All other expenses | $0 |
| Total functional expenses | $40,391,222 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,380 |
| Savings and temporary cash investments | $6,583,482 |
| Pledges and grants receivable | $987,645 |
| Accounts receivable, net | $1,402,642 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $207,531 |
| Prepaid expenses and deferred charges | $326,138 |
| Investments—publicly traded securities | $8,642,786 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,539,692 |
| Total assets | $48,689,339 |
| Accounts payable and accrued expenses | $2,539,034 |
| Grants payable | $0 |
| Deferred revenue | $4,383,099 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $14,145,291 |
| Unsecured mortgages and notes payable | $808,653 |
| Other liabilities | $1,891,920 |
| Total liabilities | $23,767,997 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $24,921,342 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bethel University Inc has recieved totaling $640.
| Awarding Organization | Amount |
|---|---|
Edmond And Martha Lauer Scholarship Tr Crawfordsville, IN PURPOSE: SCHOLARSHIP FOR BENJAMIN PIETSCH | $640 |
Endowment Analysis
| Beg. Balance | $9,642,343 |
| Earnings | $2,011,895 |
| Admin Expense | $42,623 |
| Net Contributions | $161,008 |
| Other Expense | $56,700 |
| Grants | $330,200 |
| Ending Balance | $11,385,723 |
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 |
Lawrence University Of Wisconsin Appleton, WI | $632,228,886 | $124,103,689 |
Lake Forest College Lake Forest, IL | $251,265,144 | $111,531,265 |
Trine University Inc Angola, IN | $221,741,150 | $121,889,140 |
Saint Marys College Notre Dame, IN | $523,384,557 | $143,002,673 |
St Norbert College Inc De Pere, WI | $336,117,917 | $103,405,590 |
Taylor University Upland, IN | $297,240,119 | $122,251,609 |
Millikin University Decatur, IL | $270,927,180 | $97,576,221 |
College Of The Ozarks Point Lookout, MO | $787,489,229 | $134,988,466 |
Beloit College Beloit, WI | $210,386,491 | $86,166,985 |
Knox College Galesburg, IL | $294,322,347 | $90,404,751 |