2025-05-02T09:47:12-05:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2023-07-01 410747165 BETHANY LUTHERAN COLLEGE INC BETH 5073447000 700 LUTHER DRIVE MANKATO MN 56001 GENE R PFEIFER PRESIDENT 5073447000 2025-04-29 1 0 ANN NEIL P01817922 6123764500 2025-04-29 2023 2025-03-06 01:10:19Z GENE R PFEIFER 700 LUTHER DRIVE MANKATO MN 56001 64080079 0 1 X WWW.BLC.EDU X 1927 MN PRIVATE, LIBERAL ARTS COLLEGE COMMITTED TO THE TEACHINGS OF THE BIBLE IN THE LUTHERAN CONFESSIONS. 12 12 722 18 0 0 8561283 8275280 24455912 26910977 481158 1651106 373418 235327 33871771 37072690 10260385 10786036 0 0 12417914 12666304 0 0 1027940 10514832 12574994 33193131 36027334 678640 1045356 113032695 117307373 24699722 24325197 88332973 92982176 X BETHANY LUTHERAN COLLEGE PROVIDES CHRISTIAN HIGHER EDUCATION IN A CHALLENGING ACADEMIC ENVIRONMENT WHERE PERSONAL MENTORING GUIDES STUDENTS TO PURSUE KNOWLEDGE, TRUTH, AND DISCERNMENT FOR PRODUCTIVE AND FULFILLING LIVES. 0 0 31941761 10786036 20773713 INSTRUCTION: BETHANY LUTHERAN COLLEGE AWARDS THE BACHELOR OF ARTS & SCIENCE DEGREES WITH MAJORS IN MORE THAN 36 SUBJECT AREAS AND A MASTER OF DIVINITY AND A MASTER OF ARTS DEGREES. THE 2023-2024 ACADEMIC YEAR ENROLLMENT WAS 777 FULL TIME EQUIVALENT (FTE) STUDENTS IN THE FALL SEMESTER AND 711 FTE STUDENTS ENROLLED IN THE SPRING SEMESTER. OF THE TOTAL NUMBER OF STUDENTS ENROLLED IN 2023-2024 ACADEMIC YEAR, 149 MET THE REQUIREMENTS OF GRADUATION. 0 0 2241232 STUDENT SERVICES & ACADEMIC SUPPORT: BETHANY BOASTS A LONG-STANDING COMMITMENT TO EDUCATING THE WHOLE PERSON BY NOURISHING THE INTELLECTUAL, SPIRITUAL, EMOTIONAL, SOCIAL AND PHYSICAL DIMENSIONS OF STUDENTS' LIVES. THE COLLEGE OFFERS A CURRICULUM THAT CHALLENGES STUDENTS TO THINK CRITICALLY AND EXPRESS THEMSELVES EFFECTIVELY, A CAMPUS LIFE THAT ENCOURAGES INVOLVEMENT AND SERVICE (OVER 20 STUDENT ORGANIZATIONS), A COMMUNITY OF FAITH THAT NURTURES SPIRITUAL GROWTH AND DEVELOPS MORAL RESPONSIBILITY, AND CO-CURRICULAR ACTIVITIES THAT INSPIRE STUDENTS TO TEST THEIR OWN LIMITS AND EXPRESS THEIR INDIVIDUALITY. 0 0 3896032 AUXILIARY ENTERPRISES AT BETHANY LUTHERAN COLLEGE PROVIDES FIVE RESIDENCE HALLS ON CAMPUS, ONE DINING VENUE, AND A SPIRIT STORE FOR STUDENTS, FACULTY AND STAFF. OF THE TOTAL STUDENT BODY, 66% OF ENROLLED STUDENTS LIVED ON-CAMPUS AND PARTICIPATED IN THE RESIDENT STUDENT BOARD PLAN. 440 STUDENTS RESIDED IN CAMPUS HOUSING IN THE 2023-2024 FALL SEMESTER AND 407 IN THE SPRING SEMESTER. 0 0 0 OTHER PROGRAM SERVICES INCLUDE OPERATIONS AND MAINTENANCE OF PLANT AND INSTITUTIONAL SUPPORT. THESE PROGRAMS PROVIDE SERVICES TO OPERATE AND MAINTAIN BUILDINGS AND GROUNDS AND TO SUPPORT INSTITUTIONAL OPERATIONS OTHER THAN MANAGEMENT AND GENERAL. 0 0 0 31941761 1 1 0 1 0 0 0 1 1 1 1 1 0 0 1 1 1 0 1 0 1 0 1 0 1 0 0 0 1 1 0 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1054 0 1 722 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 12 12 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 MN X DANIEL L MUNDAL 5073447000 700 LUTHER DR MANKATO MN 56001 REV MARK BARTELS CHAIRMAN-BOARD OF REGENTS 1.00 X X 0 0 0 REV DAVID THOMPSON VICE-CHAIR-BOARD OF REGENT 1.00 X X 0 0 0 REV ALEXANDER RING SECRETARY-BOARD OF REGENTS 1.00 X X 0 0 0 MR DAVID SPARLEY MEMBER-BOARD OF REGENTS 1.00 X 0 0 0 REV ERWIN EKHOFF MEMBER-BOARD OF REGENTS 1.00 X 0 0 0 MR STEVEN DEPREY MEMBER-BOARD OF REGENTS 1.00 X 0 0 0 DR JOSHUA MEARS MEMBER-BOARD OF REGENTS 1.00 X 0 0 0 MR AARON FAUGSTAD MEMBER-BOARD OF REGENTS 1.00 X 0 0 0 REV AARON FERKENSTAD MEMBER-BOARD OF REGENTS 1.00 X 0 0 0 MR TIMOTHY ROEMHILDT MEMBER-BOARD OF REGENTS 1.00 X 0 0 0 MR MARK MADSON MEMBER-BOARD OF REGENTS 1.00 X 0 0 0 MR JOHN SCOTT MEMBER-BOARD OF REGENTS 1.00 X 0 0 0 DR GENE R PFEIFER COLLEGE PRESIDENT 40.00 X 188921 0 59645 DANIEL L MUNDAHL SENIOR VP OF FIN & ADMIN/TREASURER 40.00 X 124394 0 21617 TIMOTHY HARTWIG SEMINARY PRESIDENT 40.00 X 66820 0 32762 STACEY DAWLEY CONTROLLER/ASST. TREASURER 40.00 X 71032 0 3594 451167 0 117618 2 0 1 0 ROBERT W CARLSTROM CO INC 1901 EXCEL DR MANKATO MN 56001 BUILDING CONTRACTOR 1327713 SODEXO INC & AFFILIATES 9801 WASHINGTON BLVD GAITHERSBURG MD 20878 FOOD SERVICE 1269034 SECURITAS SECURITY SERVICES USA INC 2300 PARK DR SUITE 200 OWATONNA MN 55060 SECURITY SERVICES 218823 MAYO CLINIC PO BOX 4006 ROCHESTER MN 55903 ATHLETIC TRAINER/HEALTH SERVICES 108622 CLIFTON LARSON ALLEN LLP PO BOX 776376 CHICAGO IL 60677 AUDITING SERVICES 104749 5 97861 285543 507728 7384148 23572 8275280 TUITION AND FEES 611710 20803567 20803567 AUXILIARY 611710 3896032 3896032 STUDENT ACTIVITIES 611710 2211378 2211378 26910977 704237 704237 238850 238850 137684 116590 21094 21094 21094 27757236 26810367 946869 946869 946869 55815 97861 80432 -24617 -24617 37072690 26910977 0 1886433 10775062 10775062 10974 10974 967801 187534 601864 178403 9078602 7581193 879239 618170 401151 316102 74619 10430 1568107 1379988 81307 106812 650643 503732 93414 53497 104 104 102222 102222 157126 157126 2102284 2045559 56725 143939 143939 822812 771412 50117 1283 372344 328010 44334 2357567 2305604 40049 11914 849338 818243 25082 6013 105888 94822 11066 625387 273419 351968 2955260 2885640 69620 350247 205773 144474 REPAIR & MAINTENANCE 846481 642585 196969 6927 DUES & MEMBERSHIPS 86691 77802 3151 5738 PLEDGE CONTRIBUTIONS WR 83845 27948 27949 27948 BOOKS & SUBSCRIPTION 19466 17268 1393 805 593993 549152 44841 36027334 31941761 3057633 1027940 4005055 7149810 94757 88663 633284 350902 213798 211017 27486 176842 113351378 56686678 58414455 56664700 36562300 37820826 11310675 13014585 103266 54243 1667619 1775785 113032695 117307373 1602784 1128190 82952 57644 191197 26189 21859467 21871971 963322 1241203 24699722 24325197 X 36598721 41446193 51734252 51535983 88332973 92982176 113032695 117307373 X 1045356 3594378 9469 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 0 0 0 0 1 125475 125475 0 PART II-B, LINE 1: BETHANY LUTHERAN COLLEGE, INC. PAID $118,127 TO MINNESOTA PRIVATE COLLEGE COUNCIL, AN ASSOCIATION THAT SERVES A VARIETY OF ITS MEMBER'S SHARED NEEDS, INCLUDING, BUT NOT ONLY, NON-PARTISAN AND NON-ELECTORAL ADVOCACY FOR PUBLIC POLICY THAT MEETS STUDENTS' NEEDS AND ADVANCES THE INTEREST OF PRIVATE HIGHER EDUCATION, A PORTION OF THIS AMOUNT, BUT NOT ALL OF IT, SUPPORTED ATTEMPTS TO INFLUENCE LEGISLATION WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("LOBBYING"). BETHANY LUTHERAN COLLEGE, INC. PAID $7,348 TO THE COUNCIL FOR CHRISTIAN COLLEGES & UNIVERSITIES, A GLOBAL HIGHER EDUCATION ASSOCIATION DEDICATED TO ADVANCING FAITH AND INTELLECT FOR THE COMMON GOOD, TO SUPPORT ATTEMPTS TO INFLUENCE LEGISLATION WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("LOBBYING"). 0 86645 X 0 0 1 X 49458925 1126242 5804611 2451491 1708578 52229709 48033174 3658911 3227681 5460841 49458925 52654110 2513014 -4867915 2266035 48033174 41592583 2423912 11600439 2770452 52654110 44116580 1821811 -653074 2601790 665492 425452 41592583 0.10645 0.89355 0.00000 0 1 1 6845809 6845809 85671079 40881765 44789314 6528438 3476595 3051843 14306052 12328318 1977734 56664700 ALTERNATIVE INVESTMENTS 13014585 F 13014585 ANNUITIES PAYABLE 491435 DEPOSIT ACCOUNTS 606489 GOVERNMENT GRANTS REFUNDABLE 87819 LEASE LIABILITY 55460 1241203 X 29930397 3594378 206491 3800869 26129528 157126 10786036 10943162 37072690 25281194 197022 197022 25084172 157126 10786036 10943162 36027334 PART III, LINE 4: BETHANY LUTHERAN COLLEGE, AS A LIBERAL ARTS COLLEGE, ADVANCES THE KNOWLEDGE AND APPRECIATION OF THE ARTS THROUGH DIGITAL AND VISUAL MEDIA. ART WORK AND STATUES HELP ENHANCE OUR STUDENTS, FACULTY, STAFF, ALUMNI AND DONORS, AS WELL AS THE GREATER MANKATO COMMUNITY THROUGH THE COLLABORATION WITH THE TWIN RIVERS ART COUNCIL AND THEIR WALKING SCULPTURE TOUR TO PROMOTE THE APPRECIATION OF THE ARTS. PART IV, LINE 2B: THE COLLEGE HOLDS STUDENT HOUSING DAMAGE DEPOSITS, STUDENT RENT DEPOSITS, EVENT SERVICE DEPOSITS AND CORRESPONDING REFUNDS. PART X, LINE 2: THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ACCORDING TO AN INTERNAL REVENUE SERVICE DETERMINATION LETTER. ACCORDINGLY, THE CORPORATION IS NOT SUBJECT TO FEDERAL INCOME TAXES EXCEPT TO THE EXTENT IT DERIVES INCOME FROM CERTAIN ACTIVITIES NOT SUBSTANTIALLY RELATED TO ITS TAX-EXEMPT PURPOSES (UNRELATED TRADE OR BUSINESS ACTIVITIES). THE CORPORATION HAD NO MATERIAL UNRELATED BUSINESS INCOME DURING THE YEAR. IT IS ALSO EXEMPT FROM STATE INCOME TAX. THE CORPORATION FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES 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. NO LIABILITY HAS BEEN RECOGNIZED BY THE CORPORATION FOR UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2024 AND 2023. THE CORPORATION'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: ADJUSTMENT OF ACTUARY LIABILITY -96,830. BENEFICIAL INTEREST IN FUNDS HELD IN TRUST 17,155. BENEFICIAL INTEREST IN PERPETUAL TRUST 89,144. RENTAL EXPENSES 116,590. FUNDRAISING EXPENSES 80,432. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 10,786,036. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 116,590. FUNDRAISING EXPENSES 80,432. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 10,786,036. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE NON-DISCRIMINATION POLICY IS LISTED ON PAGE 7 OF THE ACADEMIC CATALOG WHICH IS PROVIDED TO EACH STUDENT TO USE DURING REGISTRATION AND ADVISING. AND, THE COLLEGE'S NONDISCRIMINATION POLICY IS CLEARLY STATED IN THE COLLEGE'S STUDENT GUIDE BOOK ON PAGE 2 & 3, ADMISSION BROCHURES, AS WELL AS THE WEBSITE. SCHEDULE E, PART I, LINE 6 BETHANY LUTHERAN COLLEGE PARTICIPATES IN TITLE IV FINANCIAL AID PROGRAMS, SO MANY STUDENTS RECEIVE AID THROUGH FEDERAL AND STATE AGENCIES. 0 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS N/A 6423531 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTMAKING N/A 10974 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS N/A 22000 0 0 0 0 0 0 6456505 0 6456505 SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) 1 10974 WIRE TRANSFER N/A N/A 1 0 0 0 1 0 PART I, LINE 2: BETHANY LUTHERAN COLLEGE OFFERS SCHOLARSHIPS AND GRANTS TO QUALIFIED STUDENTS TO HELP REDUCE THEIR OUT OF POCKET TUITION COSTS. STUDENTS RECEIVING FINANCIAL ASSISTANCE OF THIS FORM MUST MEET SPECIFIC CRITERIA SUCH AS ACADEMIC ACHIEVEMENT, FINANCIAL NEED, AND OTHER SIMILAR STANDARDS WHETHER PUT IN PLACE BY THE COLLEGE OR BY DONORS OF RESTRICTED FUNDS. THESE AWARDS ARE MONITORED AND AWARDED BY THE DIRECTOR OF FINANCIAL AID. PART I, LINE 3: ACCRUAL BETHANY GOLF CLASSIC 73531 46501 27030 200 10226 12209 11619 5710 GALA 44790 28565 16225 10406 11726 6432 1 35355 22795 12560 100 2996 4980 2946 0 882 153676 97861 55815 300 23628 17189 26291 13024 80432 -24617 1 INSTITUTIONAL 693 10775062 N/A N/A PART I, LINE 2: BETHANY LUTHERAN COLLEGE OFFERS SCHOLARSHIPS AND GRANTS TO QUALIFIED STUDENTS TO HELP REDUCE THEIR OUT OF POCKET TUITION COSTS. STUDENTS RECEIVING FINANCIAL ASSISTANCE OF THIS FORM MUST MEET SPECIFIC CRITERIA SUCH AS ACADEMIC ACHIEVEMENT, FINANCIAL NEED, AND OTHER SIMILAR STANDARDS WHETHER PUT IN PLACE BY THE COLLEGE OR BY DONORS OF RESTRICTED FUNDS. THESE AWARDS ARE MONITORED AND AWARDED BY THE DIRECTOR OF FINANCIAL AID. X X X 1 1 X X 0 0 0 0 0 0 0 0 0 DR GENE R PFEIFER COLLEGE PRESIDENT 186705 0 0 0 2216 0 23053 0 36592 0 248566 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS - THE PRESIDENT'S WIFE TRAVELS WITH THE PRESIDENT ON SEVERAL DIFFERENT OCCASIONS. IT IS COUNTED AS PART OF HER DUTIES TO TRAVEL WITH THE PRESIDENT AS NEEDED. NOT INCLUDED IN TAXABLE COMPENSATION. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE AND PERSONAL SERVICES - THE PRESIDENT IS PROVIDED HOUSING AS PART OF HIS BENEFIT PACKAGE. MAID SERVICE IS PROVIDED FOR THE RESIDENCE. NOT INCLUDED IN TAXABLE COMPENSATION. 19150 INSTITUTIONAL AID ACADEMIC PERFORMANCE AND NEED BASED SCHOLARSHIP CARRIE PFEIFER SPOUSE OF PRESIDENT 55791 COMPENSATION 0 FORM 990, PART VI, SECTION A, LINE 6 THE COLLEGE'S MEMBERSHIP CONSISTS OF THOSE CONGREGATIONS AND INDIVIDUALS WHO SUBSCRIBE TO THE CONSTITUTION OF THE EVANGELICAL LUTHERAN SYNOD AND HAVE BEEN ACCEPTED INTO MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A THE EVANGELICAL LUTHERAN SYNOD DELEGATES HAVE THE AUTHORITY OR RIGHT TO ELECT MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B THE ARTICLES, BYLAWS AND GUIDELINES OF THE COLLEGE MAY BE AMENDED BY VOTE OF THE MEMBERS OF THE COLLEGE, PROVIDED THAT NOTICE OF THE PROPOSED AMENDMENT HAS BEEN GIVEN IN THE BOOK OF REPORTS AND MEMORIALS OR THE CONVENTION HANDBOOK. AMENDMENTS BECOME EFFECTIVE UPON APPROVAL BY THE CONVENTION AND FILING WITH THE STATE OF MINNESOTA. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE FINANCE AND AUDIT COMMITTEE EACH YEAR. AFTER THE FORM 990 IS REVIEWED BY THE FINANCE AND AUDIT COMMITTEE, THE REDACTED PUBLIC DISCLOSURE COPY OF THE FORM 990 IS PROVIDED TO THE BOARD OF REGENTS FOR REVIEW PRIOR TO THE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT-OF-INTEREST POLICY COVERS THE BOARD OF REGENTS, COMMITTEE MEMBERS, EX-OFFICIO MEMBERS AND SENIOR ADMINISTRATION, INCLUDING THE SEMINARY PRESIDENT. ANNUALLY THE FULL BOARD OF REGENTS IS ASKED TO READ AND SIGN THE CONFLICT-OF-INTEREST POLICY. CONFLICTS ARE DETERMINED BY THE BOARD OF REGENTS WHO DO NOT HAVE A CONFLICT OR AT THE CABINET LEVEL, WHERE APPROPRIATE. THE REGENT WITH THE POTENTIAL CONFLICT OF INTEREST ABSTAINS FROM PARTICIPATING IN THE DISCUSSIONS AND VOTING ON THE CONFLICT. PROCEEDINGS RESULTING FROM POTENTIAL AND ACTUAL CONFLICTS OF INTEREST ARE DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15 DANIEL L. MUNDAHL, SENIOR VP OF FINANCE & ADMINISTRATION, GATHERED INFORMATION FROM THE COALITION OF CHRISTIAN COLLEGES & UNIVERSITIES & HR CUPA COMPARISONS USING THE MEDIAN MEASURE AND LOOKING AT COLLEGES OF SIMILAR SIZE AND PURPOSE. THIS INFORMATION IS PROVIDED TO THE EXECUTIVE COMMITTEE WHO REVIEWS, EVALUATES, AND DETERMINES COMPENSATION FOR THE PRESIDENT. THE EXECUTIVE COMMITTEE DOCUMENTS IN MINUTES THAT ARE RETAINED BY THE BOARD CHAIR. THE PRESIDENT AND SENIOR VP OF FINANCE & ADMINISTRATION DETERMINE COMPENSATION FOR OTHER OFFICERS USING THE INFORMATION GATHERED FOR THE PRESIDENT'S COMPENSATION DETERMINATION PROCESS. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST, EITHER ELECTRONICALLY OR IN PAPER. FORM 990, PART XI, LINE 9: ADJUSTMENT OF ACTUARY LIABILITY -96,830. BENEFICIAL INTEREST IN FUNDS HELD IN TRUST 17,155. BENEFICIAL INTEREST IN PERPETUAL TRUST 89,144. EVANGELICAL LUTHERAN SYNOD 6 BROWNS COURT MANKATO MN 56001 237181739 RELIGIOUS NOT FOR PROFIT MN 501(C)(3) LINE 1 N/A 0 CHARITABLE REMAINDER UNITRUST (3) CHARITABLE TRUST MN N/A T 1 0 0 1 0 0 0 0 0 0 0 1 0 1 1 1 0 1 0 0