Bethel University
- Assets
- $98.0m
- Revenue
- $51.5m
- Investments
- $0.0
- Employees
- 864
- Location
- Mckenzie, TN
- Founding
- 10/1946
- Data as of
- 07/2023
- EIN
- 62-0548913
Organization Overview
Bethel University is located in Mckenzie, TN. The organization was established in 1946. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 07/2023, Bethel University employed 864 individuals. This organization is the central organization for a national or regional group of organizations. Bethel University 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 07/2023, Bethel University generated $51.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $50.9m during the year ending 07/2023. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
BETHEL'S MISSION IS TO CREATE OPPORTUNITIES FOR MEMBERS OF THE LEARNING COMMUNITY TO DEVELOP TO THEIR HIGHEST POTENTIAL AS WHOLE PERSONS - INTELLECTUALLY, SPIRITUALLY, SOCIALLY AND PHYSICALLY - IN A CHRISTIAN ENVIRONMENT THROUGH SYNCHRONOUS AND ASYNCHRONOUS MODES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTIONAL - SERVICES FOR UNDERGRADUATE, GRADUATE, AND DEGREECOMPLETION CANDIDATES.
OTHER PROGRAM SERVICES
SCHOLARSHIPS - FINANCIAL AID FOR STUDENTS.
STUDENT AND AUXILIARY SERVICES - INCLUDING ADMISSIONS, FINANCIALAID ASSISTANCE AND INTERCOLLEGIATE ATHLETICS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Bean Trustee/chairman | OfficerTrustee | 1 | $0 |
Scott Allen Trustee | Trustee | 1 | $0 |
Lewis L Cole Trustee | Trustee | 1 | $0 |
Samantha Hassell Trustee | Trustee | 1 | $0 |
Dewane Latimer Trustee | Trustee | 1 | $0 |
Damian A Probstfield Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tnt Greens Athletic Field Turf Replacement | 7/30/17 | $365,910 |
Lewis Thomason King Krieg And Waldro Legal Services | 7/30/17 | $394,425 |
Institute Conflict Resolution Academic Program | 7/30/17 | $107,125 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,203,179 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,661,046 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,864,225 |
| Total Program Service Revenue | $41,593,787 |
| Investment income | $13,906 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $17,425 |
| 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 | $51,489,343 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $12,160,091 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,338,468 |
| Compensation of current officers, directors, key employees. | $324,846 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,530,598 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,493,235 |
| Advertising and promotion | $273,619 |
| Office expenses | $2,679,907 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,112,104 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,023,790 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,650,869 |
| Insurance | $606,557 |
| All other expenses | $0 |
| Total functional expenses | $50,917,037 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,209,638 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $7,868,314 |
| Accounts receivable, net | $9,038,052 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $23,042 |
| Prepaid expenses and deferred charges | $79,521 |
| Net Land, buildings, and equipment | $59,731,551 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $15,544,865 |
| Intangible assets | $0 |
| Other assets | $4,545,844 |
| Total assets | $98,040,827 |
| Accounts payable and accrued expenses | $1,788,037 |
| Grants payable | $0 |
| Deferred revenue | $1,059,807 |
| 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 | $7,366,402 |
| Unsecured mortgages and notes payable | $47,967,910 |
| Other liabilities | $33,659 |
| Total liabilities | $58,215,815 |
| Net assets without donor restrictions | $26,824,158 |
| Net assets with donor restrictions | $13,000,854 |
| 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 | $98,040,827 |