2014-03-11T12:06:20-05:00 2013-04-30 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2012-05-01 237094836 BETHEL UNIVERSITY FOUNDATION BETH 6516351000 3900 BETHEL DRIVE ST PAUL MN 55112 ANGELLA J HJELLE 6516351000 2014-03-05 1 XIAOYAN LUO P01305207 6123764500 2012 2015-11-30 17:44:51Z ANGELLA J HJELLE 3900 BETHEL DRIVE ST PAUL MN 55112 2193636 0 X WWW.BETHEL.EDU/DEVELOPMENT/FOUNDATION X 1971 MN HELP DONORS PLAN CHARITABLE GIVING AND SUPPORT BETHEL BY RECEIVING AND MANAGING DONATED FUNDS. 21 19 0 19 0 0 404996 1206295 0 0 153773 299158 1154 0 559923 1505453 0 0 0 0 234048 240858 0 0 0 196892 102850 430940 343708 128983 1161745 18456460 17607011 10120499 9418292 8335961 8188719 TO PROVIDE FINANCIAL MANAGEMENT OF ENDOWMENT AND TRUST ACCOUNTS FOR BETHEL UNIVERSITY AND ITS CONSTITUENTS. 0 0 0 0 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. 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 1 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 1 CJ 0 0 0 0 0 0 0 0 0 0 0 X 21 19 0 0 0 0 0 0 0 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 1.00 0.00 X X 0 0 0 MARK ORGEL 1.00 0.00 X X 0 0 0 ALAN BERGSTROM 1.00 0.00 X X 0 0 0 RANDAL MONSON 1.00 0.00 X X 0 0 0 ROLLIE ANDERSON 1.00 5.00 X 0 0 0 WADE ANDERSON 1.00 0.00 X 0 0 0 JAMES H BARNES III 1.00 40.00 X 0 201664 85708 MIKE BROCKER 1.00 0.00 X 0 0 0 LESLIE CHAPMAN 1.00 0.00 X 0 0 0 TIM DOTEN 1.00 0.00 X 0 0 0 DEAN JUNKANS 1.00 0.00 X 0 0 0 LAURA MCKNIGHT 1.00 0.00 X 0 0 0 KIM MILBRANDT 1.00 0.00 X 0 0 0 PETER REKSTAD 1.00 0.00 X 0 0 0 JOHN ROISE 1.00 5.00 X 0 0 0 ANDREA SCHILLING 1.00 0.00 X 0 0 0 CHRIS SHAW 1.00 0.00 X 0 0 0 DAVID SUNDET 1.00 0.00 X 0 0 0 RON TSCHETTER 1.00 5.00 X 0 0 0 HAROLD WIENS 1.00 5.00 X 0 0 0 ANDREW WYATT 1.00 0.00 X 0 0 0 ANGELLA J HJELLE 40.00 0.00 X 0 107759 39141 CHARLES J STROUD 40.00 0.00 X 0 90324 50815 PATRICK MAZOROL 1.00 40.00 X 0 159317 19095 0 559064 194759 0 0 1 0 0 330186 876109 73000 1206295 61331 61331 926010 688183 237827 237827 237827 1505453 0 0 299158 180040 180040 60818 60818 452 452 13222 13222 43202 43202 4092 4092 12213 12213 13541 13541 7869 7869 3671 3671 MISCELLANEOUS EXPENSE 2752 2752 SUBSCRIPTIONS & MEMBERS 1836 1836 343708 0 343708 0 28314 27713 25404 25940 910000 909999 1 1 2375979 2797561 1871795 1806108 14154967 12949688 18456460 17607011 103 146872 154363 9973524 9263929 10120499 9418292 X 3892685 4249127 3681295 3150684 761981 788908 8335961 8188719 18456460 17607011 X 1161745 69806 -1378793 X 0 1 X 1 0 X 929307 471300 837706 404996 1206295 3849604 929307 471300 837706 404996 1206295 3849604 1365101 2484503 59144 58836 54403 61111 61331 294825 1154 1154 4145583 0.59930 0.64200 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 1 0 570000 12941 1 1 1 99088809 18978537 4320114 113747232 0 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 30321143 1209677 -6379903 536393 261324 17975 24335225 0.02450 0.78120 0.19430 0 0 910000 909999 1 1 REAL ESTATE INVESTMENTS 252000 F HEDGE FUND INVESTMENTS 1554108 F 1806108 TRUST ASSETS- MUTUAL FUNDS 11233125 POOLED COMMON FUND ASSETS 1716563 12949688 OBLIGATIONS UNDER TRUST AND PCF AGREEMENTS 9010096 PAYABLE TO BETHEL UNIVERSITY 253833 9263929 X 196466 69806 -1378793 -1308987 1505453 0 1505453 343708 0 343708 0 343708 PART IV, LINE 1B: THE FOUNDATION INVESTS ENDOWMENT FUNDS FOR BETHEL UNIVERSITY. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: ENDOWMENT FUNDS ARE HELD FOR BETHEL UNIVERSITY TO PROVIDE SCHOLARSHIPS AS WELL AS TO SUPPORT PROGRAMS AND OPERATIONS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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 2010, 2011 AND 2012 ARE OPEN TO EXAMINATION BY FEDERAL, LOCAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -1,378,793. CENTRAL AMERICA AND THE CARIBBEAN - 0 0 INVESTMENTS N/A 1249031 0 0 0 0 0 0 1249031 0 1249031 1 0 0 0 0 0 METHOD USED TO ACCCOUNT FOR EXPENDITURES: SCHEDULE F, PART I, LINE 3: ACCRUAL METHOD 0 0 0 0 0 0 0 0 0 JAMES H BARNES III 0 200464 0 0 0 1200 0 25565 0 60143 0 287372 0 0 PATRICK MAZOROL 0 159317 0 0 0 0 0 16043 0 3052 0 178412 0 0 SUPPLEMENTAL INFORMATION PART III 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 1034503 INSURANCE PREMIUMS PAID TO MONSON INSURANCE 0 X 1 73000 APPRAISED VALUE 0 0 0 0 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 B, LINE 11 THE AUDIT COMMITTEE REVIEWS AND APPROVES THE FORM 990. A PUBLIC INSPECTION COPY IS GIVEN TO THE BOARD BEFORE THE RETURN IS 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -1,378,793. 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 $330,186 FOR BETHEL'S FISCAL YEAR ENDED MAY 31, 2013. BETHEL UNIVERSITY 3900 BETHEL DRIVE ST PAUL MN 55112 410708577 EDUCATION MN 501(C)(3) 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 (43) 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