2018-02-28T12:30:55-06:00 2017-06-30 390859910 Baker Tilly Virchow Krause LLP 225 S 6th St 2300 Minneapolis MN 55402 990 2016-07-01 410747165 Bethany Lutheran College Inc BETH 5073447000 700 Luther Drive Mankato MN 56001 Gene R Pfeifer President 5073447000 2018-02-21 1 Lawrence H Mohr CPA P00447603 6128764500 38.88.188.75 2018-02-21 16:53:47 CS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 167182DFA60A41E45EAE2F4EF9C72CA9A698CA21 2016 2021-01-29 14:40:06Z Gene R Pfeifer 700 Luther Drive Mankato MN 56001 60037476 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 12 612 12 0 0 4650965 5134121 15721352 17070719 1338202 1763945 527111 496885 22237630 24465670 5972655 6486757 0 0 9272037 10063067 0 0 797127 8395660 8572432 23640352 25122256 -1402722 -656586 93130456 94795915 15221326 14799492 77909130 79996423 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 6203336 13171858 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 2016-2017 ACADEMIC YEAR ENROLLMENT WAS 537 FULL TIME EQUIVALENT (FTE) STUDENTS IN THE FALL SEMESTER AND 488 FTE STUDENTS ENROLLED IN THE SPRING SEMESTER. OF THE TOTAL NUMBER OF STUDENTS ENROLLED IN 2016-2017 ACADEMIC YEAR, 106 MET THE REQUIREMENTS OF GRADUATION. 10842259 6486757 1033990 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. 2787866 3272184 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, 74% OF ENROLLED STUDENTS LIVED ON-CAMPUS AND PARTICIPATED IN THE RESIDENT STUDENT BOARD PLAN. 371 STUDENTS RESIDED IN CAMPUS HOUSING IN THE 2016-2017 FALL SEMESTER AND 342 IN THE SPRING SEMESTER. 2368772 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. 2368772 22202233 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 1 0 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 1 105 0 612 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 0 1 1 1 1 1 1 1 0 MN X DANIEL MUNDAHL 5073447000 700 Luther Drive Mankato MN 56001 Rev Herbert C Huhnerkoch Chairman - 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 (Part year) 1.00 X 0 0 0 Harold Theiste Vice-Chair - Board of Regents (Part Year) 1.00 X X 0 0 0 Joshua Mears member - Board of Regents 1.00 X 0 0 0 Rev Edward Bryant member - Board of Regents 1.00 X 0 0 0 Dr Gene Pfeifer College President 40.00 X 139172 0 42366 Daniel Mundahl VP of Finance and Administration 40.00 X 121821 0 13435 Rev Gaylin Schmeling Seminary President 40.00 X 80835 0 34974 Arthur Westphal VP of Advancement 40.00 X 99403 0 11543 Eric Woller VP of Academic Affairs 40.00 X 82211 0 28086 Gregory Costello Controller 40.00 X 70575 0 14800 594017 0 145204 2 0 1 0 Pioneer College Caterers 12351 W 96th Terrace Suite 204 Lenexa KS 66215 Food Service 883971 Securitas Security Services USA Inc 5000 OLSON MEMORIAL HWY STE 200 MINNEAPOLIS MN 55422 SECURITY SERVICES 133699 Streamworks 3640 Pheasant Ridge Dr NE Minneapolis MN 55449 Mail Processing 121739 3 5787 74867 5053467 5134121 Tuition and Fees 611710 13171858 13171858 Auxiliary Enterprises 611710 3272184 3272184 Academic, Institutional, Student 611710 346618 346618 Student Activities 611710 280059 280059 17070719 889250 889250 135369 73779 61590 61590 61590 36343303 35468608 874695 874695 874695 57401 5787 29419 27982 27982 Other Income 900099 313428 313428 Finance Charges & Cost recoveries 900099 65283 65283 Conventions 900099 28602 28602 407313 24465670 17478032 0 1853517 6486757 6486757 739221 90220 501747 147254 7071289 5991954 755874 323461 348329 266951 60010 21368 1389757 1175973 137971 75813 514471 405789 78640 30042 20620 20620 53528 53528 131340 131340 1511297 1475332 2309 33656 114958 27831 1195 85932 602787 521605 70702 10480 291888 249242 42057 589 720692 661796 49049 9847 812759 767163 16808 28788 85303 61776 13551 9976 418206 418206 1973606 1911511 62095 204967 110596 94371 Repair & Maintenance 882604 863467 11482 7655 all other expenses 640372 640371 1 Dues & Memberships 88218 68193 13265 6760 PLEDGED CONTRIBUTIONS W 15633 5211 5211 5211 3654 2289 1071 294 25122256 22202233 2122896 797127 1963352 5091760 99310 103834 223855 223363 418408 425355 231296 236054 31775 29190 87855811 41109347 48316827 46746464 26212201 29114901 14603960 11777005 1029472 1047989 93130456 94795915 1039625 1112837 0 24755 12381734 11984681 1799967 1677219 15221326 14799492 X 14074867 38977707 30182814 6939120 33651449 34079596 77909130 79996423 93130456 94795915 X -656586 2686593 57286 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 104845 104845 0 Part II-B, Line 1: Amount on Part II-B is equal to the total amount of dues paid by Bethany Lutheran College, Inc. during the fiscal year 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"). 39853189 2371191 4047172 1476339 993665 506027 43295521 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 0.09150 0.77700 0.13150 0 1 1 7025533 7025533 66627555 28466900 38160655 11453107 10626033 827074 2749616 2016414 733202 46746464 Annuity Contracts 28876 F CSV of Life Insurance Policies 384170 F Dynamic Asset Allocation Overlay Fund 9447695 F Funds of Hedge Funds 1916264 F 11777005 Annuities Payable 1038834 Deposits Held in Custody for Others 193078 Deposit Accounts 86768 Government grants refundable 358539 1677219 X 20665231 2686593 131065 2817658 17847573 131340 6486757 6618097 24465670 18577938 73779 73779 18504159 131340 6486757 6618097 25122256 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, library needs and archive 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, 2017 and 2016. 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 22,743. Unrealized Gain on beneficial interest held in perpetual trust -4,226. Direct Rental Expenses 73,779. actuarial adjustment 38,769. Part XI, Line 4b - Other Adjustments: Scholarships and grants 6,486,757. Part XII, Line 2d - Other Adjustments: Direct Rental Expenses 73,779. Part XII, Line 4b - Other Adjustments: Scholarships and Grants 6,486,757. 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 5510887 Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium 0 0 Program Services Study Abroad Programs 7500 Europe (Including Iceland & Greenland) 0 0 Investment Activities 2520000 0 0 0 0 0 0 8038387 0 8038387 1 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 41696 3326 38370 3327 6331 8342 2638 Laube Golf Outing 21492 2461 19031 1290 5200 2141 150 63188 5787 57401 4617 11531 10483 2788 29419 27982 1 Scholarships and Grants provided as financial aid to students 529 6486757 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 Gene Pfeifer College President 137311 0 0 0 1861 0 14660 0 27706 0 181538 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. HE ALSO HAS MAID SERViCE FOR THIS RESIDENCE. ARTHUR WESTPHAL HAS A MEMBERSHIP AT THE MANKATO GOLF CLUB FOR BUSINESS PURPOSES ONLY. HE USES HIS MEMBERSHIP FOR BETHANY LUTHERAN COLLEGE BUSINESS, ENTERTAINING DONORS AND OTHER CLIENTS. 20566 financial Aid need based scholarship Carrie Pfeifer SPOUSE OF OFFICER 55937 CARRIE PFEIFER IS THE SPOUSE OF THE COLLEGE PRESIDENT, AS WELL AS AN EMPLOYEE OF THE COLLEGE. 0 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 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 11b 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, VP OF FINANCE & ADMINISTRATION, 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 38,769. UNREALIZED GAIN ON BENEFICIAL INTEREST IN FUNDS HELD IN TRUST 22,743. Unrealized Gain on beneficial interest held in perpetual trust -4,226. 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 0 0 1 0 0 0 0 0 0 0 1 1 1 1 1 1 1 0 0 Evangelical Lutheran Synod C 75960 Cash