2012-03-01T13:25:14-06:00 2011-06-30 BAKER TILLY VIRCHOW KRAUSE LLP 225 S 6TH ST STE 2300 MINNEAPOLIS MN 55402 990 2010-07-01 410747165 BETHANY LUTHERAN COLLEGE INC BETH 5073447000 700 LUTHER DRIVE MANKATO MN 56001 DAN R BRUSS 5073447000 2012-03-01 1 LAWRENCE H MOHR CPA 6128764500 2010 2016-02-24 21:20:13Z DAN R BRUSS 700 LUTHER DRIVE MANKATO MN 56001 38953821 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 ELS AS WELL AS TO SERVE THE SYNOD'S THEOLOGICAL NEEDS. 12 12 647 7 0 0 6266202 5177285 15247491 15274672 -1582121 1341309 244505 508381 20176077 22301647 5098650 5247989 0 0 9081909 9509389 0 0 803300 7390321 8109506 21570880 22866884 -1394803 -565237 87890928 91302972 9934459 9775874 77956469 81527098 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 5613408 12266014 INSTRUCTION: BETHANY LUTHERAN COLLEGE AWARDS THE BACHELOR OF ARTS DEGREES WITH MAJORS IN MORE THAN 19 SUBJECT AREAS AND A MASTER OF DIVINITY AND A MASTER OF ARTS DEGREES. THE 2010-2011 ACADEMIC YEAR ENROLLMENT WAS 623 FULL TIME EQUIVALENT (FTE) STUDENTS IN THE FALL SEMESTER AND 597 FTE STUDENTS ENROLLED IN THE SPRING SEMESTER. OF THE TOTAL NUMBER OF STUDENTS ENROLLED IN 2010-2011 ACADEMIC YEAR, 105 MET THE REQUIREMENTS OF GRADUATION. 5247989 5247989 83373 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 NUTURES SPIRITUAL GROWTH AND DEVELOPS MORAL RESPONSIBILITY, AND CO-CURRICULAR ACTIVITIES THAT INSPIRE STUDENTS TO TEST THEIR OWN LIMITS AND EXPRESS THEIR INDIVIDUALITY. 3684534 2994650 AUXILIARY ENTERPRISES AT BETHANY LUTHERAN COLLEGE PROVIDES 5 RESIDENCE HALLS ON CAMPUS, 2 DINING VENUES, AND A BOOKSTORE FOR STUDENTS, FACULTY AND STAFF. OF THE TOTAL STUDENT BODY, 70% OF ENROLLED STUDENTS LIVED ON-CAMPUS AND PARTICIPATED IN THE RESIDENT STUDENT BOARD PLAN. 409 STUDENTS RESIDED IN CAMPUS HOUSING IN THE 2010-2011 FALL SEMESTER AND 374 IN THE SPRING SEMESTER. 5001585 OTHER PROGRAM SERVICE 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. 5001585 19547516 1 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 28 0 647 1 0 0 0 0 0 1 1 0 0 0 0 X 12 12 1 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X X DANIEL MUNDAHL 5073447739 700 LUTHER DRIVE MANKATO MN 56001 HAROLD THEISTE 1.00 X 0 0 0 REV KENNETH SCHMIDT 1.00 X 0 0 0 DR WILLIS ANTHONY 1.00 X 0 0 0 REV MARK BARTELS 1.00 X 0 0 0 PAUL CHAMBERLIN 1.00 X 0 0 0 LYLE FAHNING 1.00 X 0 0 0 REV HERBERT HUHNERKOCH 1.00 X 0 0 0 JAMES MINOR 1.00 X 0 0 0 TIM THIELE 1.00 X 0 0 0 REV DR J KINCAID SMITH 1.00 X 0 0 0 REV JOEL WILLITZ 1.00 X 0 0 0 REV ERWIN EKHOFF 1.00 X 0 0 0 DR DAN BRUSS 40.00 X 139281 0 31237 DANIEL MUNDAHL 40.00 X 101010 0 13283 ARTHUR WESTPHAL 40.00 X 88319 0 13763 STEVEN JAEGER 40.00 X 81631 0 20493 GREGORY COSTELLO 40.00 X 73368 0 12937 REV GAYLIN SCHMELING 40.00 X 63755 0 24076 547364 0 115789 2 0 1 0 PIONEER COLLEGE CATERERS 12351 W 96TH TERRACE SUITE 204 LENEXA KS 66215 FOOD SERVICE 786593 RW CARLSTROM CO 1901 EXCEL DRIVE MANKATO MN 56001 BUILDING CONSTRUCTION 201255 SELLY CONSTRUCTION 525 W DERRYNANE ST LECENTER MN 56057 PARKING LOT CONSTRUCTION 161453 SECURITAS SECURITY SERVICES USA INC 4000 OLSON MEMORIAL HWY STE 200 MINNEAPOLIS MN 55422 SECURITY SERVICES 138136 4 7890 136969 5032426 5177285 TUITION AND FEES 611710 12196649 12196649 AUXILIARY ENTERPRISES 611710 2994650 2994650 SALES & SERVICES OF ED 611710 83373 83373 15274672 553309 553309 87235 37799 49436 49436 49436 17382744 16594744 788000 788000 788000 29302 7890 19631 9671 9671 VICARAGE AND STUDENT P 611710 69365 69365 FINANCE CHARGES & COST 900099 62787 62787 PARKING FEES 900099 27891 27891 289231 289231 449274 22301647 15344037 0 1780325 5247989 5247989 685820 176736 369093 139991 6455719 5164475 949585 341659 491225 379121 80601 31503 1412606 1090901 264812 56893 464019 349769 83733 30517 1200 1200 52632 52632 38116 38116 1021479 956649 56281 8549 138686 30389 108297 659816 536549 48927 74340 177280 138907 24652 13721 805583 751003 51505 3075 540753 468120 34089 38544 52702 31786 2276 18640 95868 93369 2499 2503908 2423893 80015 147667 147667 OTHER 751355 749483 1872 EQUIPMENT REPAIR & MAIN 650135 555560 85117 9458 BOOKS & SUBSCRIPTIONS 315765 314302 880 583 PLEDGED CONTRIBUTIONS W 83700 27900 27900 27900 DUES & MEMBERSHIPS 72861 60615 6191 6055 22866884 19547516 2516068 803300 126167 745197 796796 521061 269448 239241 547367 460846 257102 241485 24744 12439 93019825 28706089 58067040 64313736 27530890 23776869 16482 16482 254892 975616 87890928 91302972 1146320 998083 6250000 6250000 2538139 2527791 9934459 9775874 X 12364623 14960079 32440726 31835520 33151120 34731499 77956469 81527098 87890928 91302972 X -565237 4135866 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 31182391 2612501 5262342 1477007 471482 93368 37015377 28729702 1408517 1956498 1604012 784352 92666 31182391 46034851 2054424 -11085219 1071087 6923546 279721 28729702 0.07000 0.91000 0.02000 0 1 1 7894000 6848808 14742808 64972503 18996539 45975964 10662676 9709550 953126 2641838 2641838 64313736 ANNUITIES PAYABLE 1490366 DEPOSITS HELD IN CUSTODY FOR OTHERS 514375 DEPOSIT ACCOUNTS 57412 GOVERNMENT GRANTS REFUNDABLE 465638 2527791 22301647 22866884 -565237 3959149 176717 4135866 3570629 21220646 3959149 11808 234147 4205104 17015542 38116 5247989 5286105 22301647 17650017 11808 57430 69238 17580779 38116 5247989 5286105 22866884 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IT IS ALSO EXEMPT FROM STATE INCOME TAX. HOWEVER, ANY UNRELATED BUSINESS INCOME MAY BE SUBJECT TO TAXATION. 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, 2011 AND JUNE 30, 2010. THE CORPORATION'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. THE TAX RETURNS FOR THE CURRENT YEAR AS WELL AS FISCAL YEARS 2008 THROUGH 2010 ARE OPEN TO EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 8 - OTHER ADJUSTMENTS: ACTUARIAL ADJUSTMENT 176,717. PART XII, LINE 2D - OTHER ADJUSTMENTS: ACTUARIAL ADJUSTMENT 176,717. DIRECT FUNDRAISING EVENT EXPENSES 19,631. DIRECT RENTAL EXPENSES 37,799. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 5,247,989. PART XIII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EVENT EXPENSES 19,631. DIRECT RENTAL EXPENSES 37,799. PART XIII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 5,247,989. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION 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. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE 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. MANKATO GOLF OUTING 26670 3790 22880 2119 5057 4927 1180 LAUBE GOLF OUTING 10522 4100 6422 1253 4140 834 121 37192 7890 29302 3372 9197 5761 1301 19631 9671 1 SCHOLARSHIPS AND GRANTS PROVIDED AS FINANCIAL AID TO STUDENTS - SEE COLLEGE FOR DETAILED LIST 594 5247989 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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 X 1 1 X X X 0 0 0 0 0 0 0 0 0 DR DAN BRUSS 102345 0 0 0 36936 0 17518 0 13719 0 170518 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 JOHN MOLDSTAD, PRESIDENT OF THE EVANGELICAL LUTHERAN SYNOD HAS A FAMILY RELATIONSHIP WITH THE COLLEGE PRESIDENT, DAN BRUSS, AND THE COLLEGE CHAPLAIN DON MOLDSTAD. FORM 990, PART VI, SECTION A, LINE 7A THE ELS 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 A FULL 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 EXSIST THE BOARD MEMEBER INVOVLED WOULD ABSTAIN FROM VOTING ON THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 DANIEL MUNDAHL, CFAO, GATHERS INFORMATION FROM CUPA, THE CHRONICLE OF HIGHER EDUCATION AND FROM MPCC (MN PRIVATE COLLEGE COUNCIL) FOR COMPARISONS USING THE MEDIUM 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 3,959,149. ACTUARIAL ADJUSTMENT 176,717. TOTAL TO FORM 990, PART XI, LINE 5: 4,135,866. 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 0 0 1 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0