2015-02-10T09:45:10-06:00 2014-04-30 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2013-05-01 237094836 BETHEL UNIVERSITY FOUNDATION BETH 6516351000 3900 BETHEL DRIVE ST PAUL MN 55112 ANGELLA J HJELLE EXECUTIVE DIRECTOR 6516351000 2015-02-06 1 KAREN GRIES P00078514 6123764500 2013 2016-02-25 16:41:14Z ANGELLA J HJELLE 3900 BETHEL DRIVE ST PAUL MN 55112 1816654 0 X WWW.BETHEL.EDU/DEVELOPMENT/FOUNDATION X 1971 MN HELP DONORS PLAN CHARITABLE GIVING AND SUPPORT BETHEL BY RECEIVING AND MANAGING DONATED FUNDS. 19 17 0 20 0 0 1206295 381629 0 0 299158 236426 0 0 1505453 618055 0 4424 0 0 240858 269848 0 0 0 102850 105957 343708 380229 1161745 237826 17607011 18823187 9418292 9990356 8188719 8832831 TO PROVIDE FINANCIAL MANAGEMENT OF ENDOWMENT AND TRUST ACCOUNTS FOR BETHEL UNIVERSITY AND ITS CONSTITUENTS. 0 0 4424 4424 0 BETHEL UNIVERSITY FOUNDATION EXISTS FOR THE PURPOSE OF ENHANCING THE FINANCIAL STRENGTH OF BETHEL UNIVERSITY BY SUPPORTING ENDOWMENT GROWTH, FACILITATING MAJOR NONCASH GIFTS AND ENCOURAGING MAJOR GIFTS THROUGH ITS DEFERRED GIFT PROGRAM. IN ADDITION, THE FOUNDATION PROVIDES ACCOUNTING AND MANAGEMENT SERVICES TO BETHEL FOR BETHEL'S LONG-TERM INVESTMENTS. 4424 1 1 0 0 0 1 0 0 1 1 1 1 0 1 1 1 1 1 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 1 0 0 0 0 1 CA CJ EI 0 0 0 0 0 0 0 0 0 0 0 X 19 17 0 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 0 0 0 MN X CHARLES J STROUD CONTROLLER 6516351002 3900 BETHEL DRIVE ST PAUL MN 55112 DON BENSON CHAIR 1.00 0.00 X X 0 0 0 ALAN BERGSTROM TREASURER 1.00 0.00 X X 0 0 0 LINDA GOODWIN SECRETARY 1.00 0.00 X X 0 0 0 ROLLIE ANDERSON GOVERNOR 1.00 5.00 X 0 0 0 WADE ANDERSON GOVERNOR 1.00 0.00 X 0 0 0 JAMES H BARNES III EX-OFFICIO 1.00 40.00 X 0 201174 75541 MICHAEL BROCKER GOVERNOR 1.00 5.00 X 0 0 0 LESLIE CHAPMAN GOVERNOR 1.00 0.00 X 0 0 0 TIM DOTEN GOVERNOR 1.00 0.00 X 0 0 0 DEAN JUNKANS GOVERNOR 1.00 0.00 X 0 0 0 STEVEN LANDBERG GOVERNOR 1.00 0.00 X 0 0 0 CEDRIC LONG GOVERNOR 1.00 0.00 X 0 0 0 LAURA MCKNIGHT GOVERNOR 1.00 5.00 X 0 0 0 KIM MILBRANDT GOVERNOR 1.00 0.00 X 0 0 0 RANDAL MONSON GOVERNOR 1.00 0.00 X 0 0 0 MARK ORGEL GOVERNOR 1.00 0.00 X 0 0 0 PETER REKSTAD GOVERNOR 1.00 0.00 X 0 0 0 ANDREA SCHILLING GOVERNOR 1.00 0.00 X 0 0 0 CHRIS SHAW GOVERNOR 1.00 0.00 X 0 0 0 DAVID SUNDET GOVERNOR 1.00 0.00 X 0 0 0 HAROLD WIENS GOVERNOR 1.00 5.00 X 0 0 0 ANGELLA J HJELLE EXECUTIVE DIRECTOR 40.00 0.00 X 0 109152 36023 CHARLES J STROUD CONTROLLER 40.00 0.00 X 0 85618 48952 PATRICK MAZOROL VICE PRESIDENT 1.00 40.00 X 0 153271 26708 0 549215 187224 0 0 1 0 0 331765 49864 48303 381629 48987 48987 1386038 1198599 187439 187439 187439 618055 0 0 236426 4424 4424 210516 210516 59332 59332 23611 23611 12105 12105 24816 24816 2750 2750 1030 1030 8181 8181 13735 13735 5097 5097 1601 1601 SUBSCRIPTIONS & MEMBERS 7283 7283 MISCELLANEOUS EXPENSE 5748 5748 380229 4424 375805 0 27713 102036 25940 30034 910000 909999 1 1 2797561 2798420 1806108 2024276 12949688 13868420 17607011 18823187 8667 154363 162235 9263929 9819454 9418292 9990356 X 4249127 4542032 3150684 3412799 788908 878000 8188719 8832831 17607011 18823187 X 237826 94303 311983 X 0 1 X 1 0 X 471300 837706 404996 1206295 381629 3301926 471300 837706 404996 1206295 381629 3301926 1070442 2231484 58836 54403 61111 61331 48987 284668 1154 1154 3587748 0.62200 0.59930 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2011 AMOUNT: $ 1,154. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2 144623 2500 160712 1 1 1 113747232 6708495 10263223 110192504 0 34395566 918382 3340212 519471 489171 116360 37529158 28873064 1704768 4848366 434704 493398 102530 34395566 30808051 645641 -1536634 585446 437451 21097 28873064 26955788 379543 4742244 489596 759134 20794 30808051 24335225 777180 3880865 1033453 984923 19106 26955788 0.00650 0.23640 0.75710 0 0 910000 909999 1 1 REAL ESTATE INVESTMENTS 240000 F HEDGE FUND INVESTMENTS 1784276 F 2024276 TRUST ASSETS- MUTUAL FUNDS 12013292 POOLED COMMON FUND ASSETS 1855128 13868420 OBLIGATIONS UNDER TRUST AND PCF AGREEMENTS 9577621 PAYABLE TO BETHEL UNIVERSITY 241833 9819454 X 1024341 94303 311983 406286 618055 0 618055 380229 0 380229 0 380229 PART IV, LINE 1B: THE FOUNDATION INVESTS ENDOWMENT FUNDS FOR BETHEL UNIVERSITY. PART V, LINE 4: ENDOWMENT FUNDS ARE HELD FOR BETHEL UNIVERSITY TO PROVIDE SCHOLARSHIPS AS WELL AS TO SUPPORT PROGRAMS AND OPERATIONS. PART X, LINE 2: THE FOUNDATION QUALIFIES AS A TAX-EXEMPT NONPROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SIMILAR STATUTES OF MINNESOTA LAW. ACCORDINGLY, NO PROVISION FOR FEDERAL OR STATE INCOME TAXES IS REQUIRED. AS SUCH, IT IS SUBJECT TO FEDERAL AND STATE INCOME TAXES ON NET UNRELATED BUSINESS INCOME. THE FOUNDATION HAS DETERMINED THAT IT IS NOT SUBJECT TO UNREALIZED BUSINESS INCOME TAXES. THE FOUNDATION'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL, STATE AND LOCAL AUTHORITIES. THE TAX RETURNS FOR THE YEARS 2011, 2012 AND 2013 ARE OPEN TO EXAMINATION BY FEDERAL, LOCAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 311,983. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS N/A 1435122 0 0 0 0 0 0 1435122 0 1435122 1 0 0 0 0 0 PART I, LINE 3: ACCRUAL METHOD 0 0 0 0 0 0 0 0 0 JAMES H BARNES III EX-OFFICIO 0 201174 0 0 0 0 0 15025 0 60516 0 276715 0 0 PATRICK MAZOROL VICE PRESIDENT 0 153271 0 0 0 0 0 9542 0 17166 0 179979 0 0 PART II BETHEL UNIVERSITY FOUNDATION DOES NOT COMPENSATE ANY INDIVIDUALS. THE ORGANIZATION RELIED ON BETHEL UNIVERSITY IN SETTING THE COMPENSATION FOR THOSE INDIVIDUALS. BETHEL UNIVERSITY USED MULTIPLE METHODS TO ESTABLISH THE TOP MANAGEMENT OFFICIALS' COMPENSATION, INCLUDING A COMPENSATION COMMITTEE, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. MONSON INSURANCE RANDAL MONSON CURRENT BOARD MEMBER, PRESIDENT OF MONSON INSURANCE 1008856 INSURANCE PREMIUMS PAID TO MONSON INSURANCE 0 WELLS FARGO DEAN JUNKANS CURRENT BOARD MEMBER, CHIEF INVESTMENT OFFICER AT WELLS FARGO 106085 CUSTODIAN FEES PAID TO WELLS FARGO 0 X 2 48303 STOCK MARKET QUOTES 0 0 0 0 PART I, COLUMN (B): THE FOUNDATION REPORTS THE NUMBER OF CONTRIBUTORS ON PART I, COLUMN (B). FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE INCLUDES ONE MEMBER OF THE BOARD WHO IS NOT A STAFF MEMBER, TOGETHER WITH THE CHAIRMAN, VICE-CHAIRMAN, EXECUTIVE DIRECTOR AND THE CHAIRMAN OF THE INVESTMENT COMMITTEE. AT LEAST ONE MEMBER OF THE EXECUTIVE COMMITTEE SHOULD BE A MEMBER OF THE BOARD OF TRUSTEES OF BETHEL UNIVERSITY. THE EXECUTIVE COMMITTEE HAS POWER AND AUTHORITY BETWEEN BOARD MEETINGS AS ARE DELEGATED TO IT BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7A ACCORDING TO THE FOUNDATION'S BYLAWS, BETHEL UNIVERSITY RETAINS THE RIGHT TO APPROVE OR REMOVE MEMBERS OF THE FOUNDATION'S BOARD OF GOVERNORS. FORM 990, PART VI, SECTION A, LINE 7B AMENDMENTS TO THE FOUNDATION'S GOVERNING DOCUMENTS REQUIRE APPROVAL BY THE BOARD OF TRUSTEES OF BETHEL UNIVERSITY. FORM 990, PART VI, SECTION B, LINE 11 THE AUDIT COMMITTEE REVIEWS AND APPROVES THE PUBLIC INSPECTION COPY OF THE FORM 990 BEFORE IT IS GIVEN TO THE BOARD AND FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL DISCLOSURE FORM IS COMPLETED BY BOARD AND STAFF AS REQUIRED BY THE CONFLICT OF INTEREST POLICY. IF AN INDIVIDUAL BELIEVES SHE/HE HAS DETECTED A CONFLICT OF INTEREST SITUATION, THE ACTIVITY SHOULD BE DISCLOSED TO THE APPROPRIATE SUPERVISORY LEVEL ABOVE THE INDIVIDUAL INVOLVED IN THE POTENTIAL CONFLICT SITUATION. THE SUPERVISORY PERSONNEL SHOULD THEN DISCUSS THE SITUATION WITH THE INVOLVED INDIVIDUAL RECOMMENDING THE INDIVIDUAL COMPLETE THE CONFLICT OF INTEREST QUESTIONNAIRE TO ASSIST IN DETERMINING THE NATURE OF THE SITUATION. IT SHOULD THEN BE DISCUSSED WITH THE APPROPRIATE PERSONS. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 311,983. FORM 990, PART I: SUPPORT SERVICES FROM BETHEL UNIVERISTY BETHEL UNIVERSITY PROVIDED CERTAIN SUPPORT SERVICES TO THE FOUNDATION INCLUDING PROVIDING OFFICE SPACE AND ASSOCIATED EXPENSES AT NO COST. EMPLOYEES OF THE FOUNDATION ALSO PARTICIPATE IN BETHEL'S INSURANCE AND HEALTH BENEFIT PLANS. THESE OPERATING COSTS WERE PAID BY BETHEL AND HAVE BEEN REFLECTED IN SUPPORT AND REVENUE AND OPERATING EXPENSES. THE VALUE OF SUCH SERVICES TO THE FOUNDATION IS $331,765 FOR BETHEL'S FISCAL YEAR ENDED MAY 31, 2014. BETHEL UNIVERSITY 3900 BETHEL DRIVE ST PAUL MN 55112 410708577 EDUCATION MN 501(C)(3) LINE 2 N/A 0 BETHEL UNIVERSITY FOUNDATION POOLED COMMON FUND 3900 BETHEL DRIVE ST PAUL MN 55112 411815788 INVESTMENT MN 501(C)(3) PF N/A 0 CHARITABLE REMAINDER TRUSTS (41) INVESTMENT MN N/A T 0 REVOCABLE TRUSTS (9) INVESTMENT MN N/A T 0 0 1 1 0 0 0 0 0 0 0 1 1 1 1 1 1 0 0 0