Bethel University
- Assets
- $92.5m
- Revenue
- $52.4m
- Investments
- $4.6m
- Employees
- 1,112
- Location
- Mckenzie, TN
- Founding
- 10/1946
- Data as of
- 07/2021
- 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 07/2021, Bethel University employed 1,112 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 07/2021, Bethel University generated $52.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $52.2m during the year ending 07/2021. As we would expect to see with falling revenues, expenses have declined by (5.2%) 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
2021
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.
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 |
|---|---|---|---|
Phyllis K Campbell Chief Academic Officer | Officer | 40 | $206,238 |
Walter G Butler President | Officer | 40 | $191,982 |
David W Huss VP Of Finance/cfo | Officer | 40 | $171,124 |
Ronald L Deming Professor Of Business | 40 | $108,999 | |
Kerri A Mccabe Associate Professor Pa | 40 | $100,974 | |
Mr William Dobbins Chair/exec. Committee | OfficerTrustee | 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 | $116,033 |
| Government grants | $4,687,302 |
| All other contributions, gifts, grants, and similar amounts not included above | $337,375 |
| Noncash contributions included in lines 1a–1f | $18,439 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,140,710 |
| Total Program Service Revenue | $47,264,735 |
| Investment income | $12,829 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $28,250 |
| 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 | $52,446,524 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $12,091,563 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,590,493 |
| Compensation of current officers, directors, key employees. | $127,240 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,376,287 |
| Pension plan accruals and contributions | $399,508 |
| Other employee benefits | $2,146,169 |
| Payroll taxes | $1,340,190 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $97,277 |
| Fees for services: Accounting | $97,172 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $132,662 |
| Advertising and promotion | $814,525 |
| Office expenses | $650,444 |
| Information technology | $820,642 |
| Royalties | $0 |
| Occupancy | $1,702,469 |
| Travel | $760,193 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $534,564 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,609,004 |
| Insurance | $599,774 |
| All other expenses | $2,179,809 |
| Total functional expenses | $52,196,932 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,731 |
| Savings and temporary cash investments | $557,629 |
| Pledges and grants receivable | $17,961,516 |
| Accounts receivable, net | $1,001,988 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $18,506 |
| Prepaid expenses and deferred charges | $328,015 |
| Net Land, buildings, and equipment | $61,988,449 |
| Investments—publicly traded securities | $4,962,204 |
| Investments—other securities | $4,586,722 |
| Investments—program-related | $527,333 |
| Intangible assets | $0 |
| Other assets | $524,428 |
| Total assets | $92,520,521 |
| Accounts payable and accrued expenses | $1,455,732 |
| Grants payable | $0 |
| Deferred revenue | $1,696,332 |
| 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 | $3,519,996 |
| Unsecured mortgages and notes payable | $44,396,760 |
| Other liabilities | $33,659 |
| Total liabilities | $51,102,479 |
| Net assets without donor restrictions | $28,365,799 |
| Net assets with donor restrictions | $13,052,243 |
| 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 | $92,520,521 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Bethel University has recieved totaling $268,094.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $140,000 |
North Carolina Community Foundation Inc Raleigh, NC PURPOSE: EDUCATION | $95,820 |
Midway Usa Foundation Inc Columbia, MO PURPOSE: TO FUND YOUTH SHOOTING SPORTS | $28,674 |
Elizabeth Chenoweth Foundation Inc Paris, TN PURPOSE: SCHOLARSHIP | $2,600 |
Gaither Charitable Foundation Inc Alexandria, IN PURPOSE: GENERAL SUPPORT | $1,000 |
Endowment Analysis
| Beg. Balance | $11,601,662 |
| Earnings | $1,214,630 |
| Net Contributions | $31,695 |
| Ending Balance | $12,847,987 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harding University Searcy, AR | $405,616,863 | $135,462,423 |
University Of The Cumberlands Inc Williamsburg, KY | $474,140,732 | $211,155,067 |
University Of Lynchburg Lynchburg, VA | $240,911,893 | $116,895,847 |
Marymount University Arlington, VA | $272,414,108 | $118,614,940 |
Rockhurst University Kansas City, MO | $176,706,478 | $126,555,115 |
Columbia College Columbia, MO | $267,475,036 | $84,570,180 |
Gardner-Webb University Boiling Springs, NC | $163,499,840 | $100,956,877 |
Park University Parkville, MO | $196,638,780 | $102,110,275 |
Meredith College Raleigh, NC | $208,277,395 | $93,593,801 |
Georgia Tech Athletic Association Atlanta, GA | $397,031,896 | $79,492,257 |
Queens University Of Charlotte Charlotte, NC | $172,081,537 | $81,135,661 |
William Carey University Hattiesburg, MS | $258,133,608 | $93,416,449 |