2017-02-15T00:00:00-06:00 2016-06-30 390859910 Baker Tilly Virchow Krause LLP 225 S 6th St 2300 Minneapolis MN 55402 990 2015-07-01 410747165 Bethany Lutheran College Inc BETH 5073447000 700 Luther Drive Mankato MN 56001 Gene R Pfeifer President 5073447000 2017-02-14 1 Lawrence H Mohr CPA P00447603 6128764500 2015 2021-01-29 14:40:06Z Gene R Pfeifer 700 Luther Drive Mankato MN 56001 28729625 0 X www.blc.edu X 1927 MN BETHANY LUTHERAN COLLEGE IS A PRIVATE, RESIDENTIAL, LIBERAL ARTS COLLEGE COMMITTED TO THE TEACHINGS OF THE BIBLE AS SET FORTH IN THE LUTHERAN CONFESSIONS. BETHANY PROVIDES STUDIES CULMINATING IN A BACHELOR OF ARTS DEGREE. BETHANY LUTHERAN THEOLOGICAL SEMINARY EXISTS IN ORDER TO TRAIN MEN FOR THE PUBLIC MINISTRY IN THE Evangelical Lutheran Synod AS WELL AS TO SERVE THE SYNOD'S THEOLOGICAL NEEDS. 12 12 625 12 0 0 5717121 4650965 15325133 15721352 2756958 1338202 336151 527111 24135363 22237630 5791292 5972655 0 0 9744535 9272037 0 0 770869 8055400 8395660 23591227 23640352 544136 -1402722 97823174 93130456 16190472 15221326 81632702 77909130 X Bethany Lutheran College, owned and operated by the Evangelical Lutheran Synod, is a private, residential, liberal arts college committed to the teachings of the Bible as set forth in the Lutheran Confessions. Bethany provides studies culminating in a Bachelor of Arts degree. The College serves Lutherans and others by offering a challenging, student-centered approach to education that fosters spiritual development, intellectual and creative growth, self-understanding, and responsible citizenship. In keeping with its heritage, Bethany aspires to produce students with a clear understanding of Christian vocation, which encourages students to make the most of their God-given talents. 0 0 5788399 12286492 INSTRUCTION: BETHANY LUTHERAN COLLEGE AWARDS THE BACHELOR OF ARTS DEGREES WITH MAJORS IN MORE THAN 20 SUBJECT AREAS AND A MASTER OF DIVINITY AND A MASTER OF ARTS DEGREES. THE 2015-2016 ACADEMIC YEAR ENROLLMENT WAS 500 FULL TIME EQUIVALENT (FTE) STUDENTS IN THE FALL SEMESTER AND 461 FTE STUDENTS ENROLLED IN THE SPRING SEMESTER. OF THE TOTAL NUMBER OF STUDENTS ENROLLED IN 2015-2016 ACADEMIC YEAR, 112 MET THE REQUIREMENTS OF GRADUATION. 10155590 5972655 761363 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 25 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. 2688097 3115832 AUXILIARY ENTERPRISES AT BETHANY LUTHERAN COLLEGE PROVIDES 4 RESIDENCE HALLS ON CAMPUS, 1 DINING VENUE, AND A BOOKSTORE FOR STUDENTS, FACULTY AND STAFF. OF THE TOTAL STUDENT BODY, 73% OF ENROLLED STUDENTS LIVED ON-CAMPUS AND PARTICIPATED IN THE RESIDENT STUDENT BOARD PLAN. 348 STUDENTS RESIDED IN CAMPUS HOUSING IN THE 2015-2016 FALL SEMESTER AND 325 IN THE SPRING SEMESTER. 2160970 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. 2160970 20793056 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 76 0 625 1 0 0 0 0 0 1 1 0 0 0 0 X 12 12 1 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MN X DANIEL MUNDAHL 5073447739 700 Luther Drive Mankato MN 56001 Rev Herbert C Huhnerkoch Chairman - Board of Regents 1.00 X X 0 0 0 Mr Harold A Theiste Vice-chair - Board of Regents 1.00 X X 0 0 0 Mr Paul T Chamberlin Secretary - Board of Regents 1.00 X X 0 0 0 Dr Willis Anthony Member - Board of Regents 1.00 X 0 0 0 Rev Mark Bartels Member - Board of Regents 1.00 X 0 0 0 Mr Bruce Gratz Member - Board of Regents 1.00 X 0 0 0 Rev Erwin J Ekhoff Member - Board of Regents 1.00 X 0 0 0 Mr Lyle Fahning Member - Board of Regents 1.00 X 0 0 0 Mr James Minor Member - Board of Regents 1.00 X 0 0 0 Rev David Thompson Member - Board of Regents 1.00 X 0 0 0 Mr Tim Thiele Member - Board of Regents 1.00 X 0 0 0 Rev Nicholas Proksch Member - Board of Regents 1.00 X 0 0 0 Dr Gene Pfeifer College President 40.00 X 68880 0 27880 Daniel Mundahl VP of Finance and Administration 40.00 X 116936 0 12541 Rev Gaylin Schmeling Seminary President 40.00 X 78418 0 32022 Arthur Westphal VP of Advancement 40.00 X 96895 0 13197 Eric Woller VP of Academic Affairs 40.00 X 81945 0 27533 Gregory Costello Controller 40.00 X 69951 0 14470 513025 0 127643 1 0 0 0 Pioneer College Caterers 12351 W 96th Terrace Suite 204 Lenexa KS 66215 Food Service 835935 Securitas Security Services USA Inc 5000 OLSON MEMORIAL HWY STE 200 MINNEAPOLIS MN 55422 SECURITY SERVICES 132262 RW Carlstrom Co 1901 Excel Drve Mankato MN 56001 Remodeling Contractor 118831 3 7035 136786 4507144 4650965 Tuition and Fees 611710 12184604 12184604 Auxiliary Enterprises 611710 3115832 3115832 Academic, Institutional, Student 611710 253082 253082 Vicarage and Student preaching in 611710 101888 101888 Student Activities 611710 65946 65946 15721352 640125 640125 136534 72597 63937 63937 63937 6963317 129000 6357263 36977 606054 92023 698077 698077 45997 7035 25158 20839 20839 Other Income 900099 356265 356265 Finance Charges & Cost recoveries 900099 60946 60946 Conventions 900099 25124 25124 442335 22237630 16163687 0 1422978 5972655 5972655 640669 86390 424835 129444 6655107 5461622 866003 327482 322885 233643 67910 21332 1183441 1033771 106428 43242 469935 355959 83934 30042 11268 11268 52684 52684 91970 91970 1342973 1309667 2420 30886 111285 27743 1185 82357 493203 442747 21066 29390 218704 189709 28408 587 705441 600398 96571 8472 660933 586442 41888 32603 79576 55059 11194 13323 438676 438676 2016168 1954073 62095 200350 115304 85046 Repair & Maintenance 900950 884810 9684 6456 Dues & Memberships 69674 59956 3753 5965 PLEDGED CONTRIBUTIONS W 22400 7467 7466 7467 Books & Subscriptions 3215 2174 618 423 976190 974791 1 1398 23640352 20793056 2076427 770869 1361717 1963352 143368 99310 198420 223855 854435 418408 251700 231296 29740 31775 87498410 39181583 49877603 48316827 27943548 26212201 16075512 14603960 1087131 1029472 97823174 93130456 1033254 1039625 12924955 12381734 2232263 1799967 16190472 15221326 X 16856631 14074867 31666139 30182814 33109932 33651449 81632702 77909130 97823174 93130456 X -1402722 -2290400 -30450 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 104215 104215 0 Part II-B, Line 1: AMOUNT ON PART II-B, LINE 1I IS EQUAL TO THE TOTAL AMOUNT OF DUES PAID BY BETHANY LUTHERAN COLLEGE DURING THE FISCAL YEAR TO MINNESOTA PRIVATE COLLEGE COUNCIL, AN ASSOCIATION THAT SERVES A VARIETY OF ITS MEMBERS' SHARED NEEDS, INCLUDING, BUT NOT ONLY, NONPARTISAN 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"). 43004782 1799460 -1191206 2395454 898925 465468 39853189 43155718 3234779 835798 1906117 1758068 557328 43004782 39897221 1696755 4862207 1186678 1422445 691342 43155718 37433399 1636952 3038807 1106004 911983 193950 39897221 37015377 2496181 -629040 1204306 155586 89227 37433399 0.03660 0.83350 0.12990 0 1 1 7025533 7025533 66381869 26827179 39554690 11347430 10427286 920144 2743578 1927118 816460 48316827 Annuity Contracts 26357 F CSV of Life Insurance Policies 363601 F Dynamic Asset Allocation Overlay Fund 8344622 F Funds of Hedge Funds 5869380 F 14603960 Annuities Payable 1041711 Deposits Held in Custody for Others 167272 Deposit Accounts 141074 Government grants refundable 449910 1799967 X 13949910 -2290400 67305 -2223095 16173005 91970 5972655 6064625 22237630 17673482 97755 97755 17575727 91970 5972655 6064625 23640352 Part V, Line 4: Bethany Lutheran College's endowment funds are used to fund scholarships to students, the general operations of the college, and other special projects such as faculty development, departmental needs and library needs. Part X, Line 2: 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, 2016 AND JUNE 30, 2015. THE CORPORATION'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. Part XI, Line 2d - Other Adjustments: Unrealized Gain on beneficial interest in funds held in trust -13,085. Unrealized Gain on beneficial interest held in perpetual trust -44,574. Direct Fundraising Event Expenses 72,597. Direct Rental Expenses 25,158. actuarial adjustment 27,209. Part XI, Line 4b - Other Adjustments: Scholarships and grants 5,972,655. Part XII, Line 2d - Other Adjustments: Direct FUNDRAISING EVENT EXPENSES 25,158. Direct Rental Expenses 72,597. Part XII, Line 4b - Other Adjustments: Scholarships and Grants 5,972,655. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The use of these media formats are primarily used for event related activities. The College does not use them to solicit students for enrollment. 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. Central America and the Caribbean - 0 0 Investment Activities 5744602 Europe (Including Iceland & Greenland) 0 0 Program Services Study Abroad Programs 7500 East Asia and the Pacific 0 0 Program Services Study Abroad Programs 2000 Europe (Including Iceland & Greenland) 0 0 Program Services Speechless Film Festival 10500 North America 0 0 Program Services Speechless FIlm Festival 500 0 0 0 0 0 0 5765102 0 5765102 0 0 0 1 0 0 Schedule F, Part IV, Line 4: The college has directly invested in a passive foreign investment company. However, the PFIC does not create any unrelated business income for the college to report. Under these facts, it is not necessary for the college to file form 8621. mankato golf outing 40317 3558 36759 2494 5837 7605 2182 Laube Golf Outing 12715 3478 9237 360 4680 1627 372 53032 7036 45996 2854 10517 9232 2554 25157 20839 1 Scholarships and Grants provided as financial aid to students 484 5972655 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. X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 Part I, Line 1a THE PRESIDENT'S WIFE TRAVELS WITH THE PRESIDENT ON SEVERAL DIFFERENT OCCASIONS. SHE RECEIVES A STIPEND FOR THE TRAVEL AND IT IS COUNTED AS PART OF HER DUTIES TO TRAVEL WITH THE PRESIDENT AS NEEDED. THE PRESIDENT IS PROVIDED HOUSING AS PART OF HIS BENEFIT PACKAGE. ARTHUR WESTPHAL HAS A MEMBERSHIP AT THE MANKATO GOLF CLUB FOR BUSINESS PURPOSES ONLY. He USEs THE MEMBERSHIP FOR BETHANY LUTHERAN COLLEGE BUSINESS, ENTERTAINING DONORS AND OTHER CLIENTS. Kasey Gratz Daughter of Regent Member Bruce Gratz 9208 Institutional Aid Financial Aid for attending the college Form 990, Part VI, Section A, line 2 John Moldstad, President of the Evangelical Lutheran Synod has a family relationship with the College Chaplain Don Molstad. Form 990, Part VI, Section A, line 6 THE EVANGELICAL LUTHERAN SYNOD DELEGATES ARE THE MEMBERS. 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 B, line 11 The 990 is reviewed by the Finance and Audit Committee at their February meeting each year. After the Form 990 is reviewed by the Finance and Audit Committee, the redacted public disclosure copy of the 990 is provided to the Board of Regents for review prior to the filing of the Form 990. Form 990, Part VI, Section B, line 12c Annually the full Board of Regents is asked to read and sign the Conflict of Interest Policy. If a conflict is determined to exist the board member involved would abstain from voting on the conflict. Form 990, Part VI, Section B, line 15 Daniel Mundahl, VPFA, gathers information from CUPA, The Chronicle of Higher Education and from MPCC (MN Private College Council) for 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, officers and other individuals. Form 990, Part VI, Section C, line 19 All policies that are available for public viewing would be made available upon request. Form 990, Part XI, line 9: Actuarial Adjustment 27,209. UNREALIZED GAIN ON BENEFICIAL INTEREST IN FUNDS HELD IN TRUST -13,085. Unrealized Gain on beneficial interest held in perpetual trust -44,574. Form 990, Part XII, Line 2c The oversight and selection process of the audit has not changed from prior year. 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 (4) Charitable Trust MN N/A T 0 Charitable Remainder Annuity Trust (1) Charitable Trust MN N/A T 0 0 0 1 0 0 0 0 0 0 0 1 1 1 1 1 1 1 0 0 Evangelical Lutheran Synod C 100269 Cash