2014-05-14T10:41:16-05:00 2013-06-30 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH ST STE 300 MINNEAPOLIS MN 55402 990 2012-07-01 480543734 BETHANY COLLEGE BETH 7852273380 335 EAST SWENSSON STREET LINDSBORG KS 67456 DREDWARD F LEONARD III 7852273380 2014-05-13 1 XIAOYAN LUO P01305207 6123764500 2012 2015-11-30 17:44:51Z DREDWARD F LEONARD III 335 EAST SWENSSON STREET LINDSBORG KS 67456 17848655 0 X WWW.BETHANYLB.EDU X 1881 KS TO EDUCATE, DEVELOP, AND CHALLENGE INDIVIDUALS TO REACH FOR TRUTH AND EXCELLENCE. 23 22 580 19 0 0 1840153 2604926 14992547 14981574 1064708 64705 80518 0 17977926 17651205 6115170 6526081 0 0 5982846 6155351 0 0 601114 6192111 6608927 18290127 19290359 -312201 -1639154 17903689 16509084 21938000 22182549 -4034311 -5673465 X BETHANY COLLEGE IS A PRIVATE, FOUR YEAR LIBERAL ARTS COLLEGE WHOSE MISSION IS TO EDUCATE, DEVELOP, AND CHALLENGE INDIVIDUALS TO REACH FOR TRUTH AND EXCELLENCE AS THEY LEAD LIVES OF FAITH, LEARNING AND SERVICE. 0 0 10391905 6526081 11753605 EDUCATION AND INSTRUCTION:BETHANY COLLEGE, ESTABLISHED BY SWEDISH LUTHERAN IMMIGRANTS IN 1881, IS A COLLEGE OF THE EVANGELICAL LUTHERAN CHURCH IN AMERICA (ELCA). LOCATED IN LINDSBORG, KANSAS, BETHANY IS A SMALL, PRIVATE COLLEGE THAT PROVIDES STUDENTS PERSONAL ATTENTION WITHIN A CARING COMMUNITY. THE STUDENT BODY IS HIGHLY ENGAGED IN LEARNING BOTH INSIDE AND OUTSIDE THE CLASSROOM. ALL STUDENTS ARE ENCOURAGED TO EXPLORE AND DEEPEN THEIR OWN FAITH, AS THEY FIND AND FOLLOW THEIR PATHS IN THE WORLD. BETHANY COLLEGE ACADEMIC PROGRAMS RANGE FROM THE HUMANITIES TO THE FINE ARTS TO THE PRE-PROFESSIONAL AND PROFESSIONAL. ALL ACADEMIC PROGRAMS ARE GROUNDED IN A CORE CURRICULUM THAT ENCOURAGES FOUNDATIONAL, COMMON LEARNING AMONG ALL COMMUNITY MEMBERS. BUT BETHANY COLLEGE IS MORE THAN A PLACE TO TAKE CLASSES - IT IS A HOME BASE FOR THOSE WHO SEEK EXCELLENCE IN THEIR CHARACTER, IN THEIR WORK, AND IN THEIR WORLD. IN AN AGE OF UNIFORMITY AND CONFORMITY, BETHANY COLLEGE PREPARES EVERY STUDENT TO DISCOVER HIS OR HER OWN UNIQUE GIFTS, TALENTS, SKILLS, ABILITIES, AND LOVES. BUT NONE OF US DOES THIS ALONE. WE LIVE SIDE BY SIDE WITH OTHERS WHOSE UNIQUE GIFTS AND ABILITIES HELP TO COMPRISE THE COMPLEX WORLD OF WHICH WE ARE ALL A PART. AT BETHANY COLLEGE EACH INDIVIDUAL IS AFFIRMED, AND THE DIVERSITY OF OUR COMMUNITY IS AFFIRMED, AS WE ALL SEEK TO BE INTELLIGENT AND THOUGHTFUL MEMBERS OF THE GLOBAL COMMUNITY. MISSION - THE MISSION OF BETHANY COLLEGE IS TO EDUCATE, DEVELOP, AND CHALLENGE INDIVIDUALS TO REACH FOR TRUTH AND EXCELLENCE AS THEY LEAD LIVES OF FAITH, LEARNING AND SERVICE. VALUES - ALL PEOPLE WHO SHARE IN THE BETHANY EXPERIENCE ARE UNITED BY OUR CORE VALUES OF INTEGRITY, HOSPITALITY, COMMUNITY, SERVANT LEADERSHIP, AND SUSTAINABILITY. STUDENTS, FACULTY, STAFF, ALUMNI, PARENTS, AND FRIENDS EXPERIENCE AND PRACTICE THESE VALUES WHICH ARE AT THE HEART OF BETHANY. PROMISE - AT BETHANY COLLEGE, WE VALUE INDIVIDUALS AND BELIEVE IN COMMUNITY. WE KNOW EVERY HUMAN BEING IS WORTHWHILE, CAN MAKE VALUABLE CONTRIBUTIONS IN THE WORLD, AND IS RESPONSIBLE FOR DOING SO. WORKING TOGETHER IN SERVICE TO ONE ANOTHER BUILDS CHARACTER, DEEPENS RELATIONSHIPS, IMPROVES OUR QUALITY OF LIFE, AND BRINGS MEANING TO LIFE.IF YOU CHOOSE TO JOIN THE BETHANY COMMUNITY AS A STUDENT, YOU CAN EXPECT:-PERSONAL ATTENTION WITHIN A CARING COMMUNITY;-ACTIVE LEARNING AND MEANINGFUL PRACTICAL EXPERIENCE IN AND BEYOND THE CLASSROOM;-AN EDUCATIONAL EXPERIENCE THAT PREPARES YOU FOR A LIFE AND CAREER OF CONSEQUENCE;-TO BE AN ACTIVE PARTICIPANT IN YOUR OWN EDUCATION AND IN THE LIFE OF THE COLLEGE;-TO BE A PART IN SOMETHING BIGGER THAN YOURSELF.VISION - BETHANY COLLEGE WILL SOAR...BIGGER, BETTER, STRONGER. 3373555 0 1805275 STUDENT SERVICES:THE MISSION OF THE OFFICE OF STUDENT DEVELOPMENT IS TO FOSTER THE DEVELOPMENT OF THE WHOLE PERSON - MIND, BODY AND SPIRIT - ACCORDING TO THE RUBRIC EXPRESSED IN THE MISSION AND VALUES OF THE COLLEGE - NAMELY INTEGRITY, HOSPITALITY, COMMUNITY, SERVANT LEADERSHIP, AND SUSTAINABILITY. WE DO THIS BY PROVIDING CARE, DIRECTION, ACTIVITY, AND EDUCATION IN ALL AREAS OF THE STUDENTS' LIVES OUTSIDE THE CLASSROOM. THIS IS ACCOMPLISHED THROUGH A VARIETY OF PROGRAMS AND SERVICES OFFERED BY VARIOUS DEPARTMENTS WITHIN THE OFFICE OF STUDENT DEVELOPMENT. WE ALSO SEEK TO COLLABORATE CLOSELY WITH OTHER KEY CONSTITUENCIES ACROSS CAMPUS.STUDENT DEVELOPMENT WILL PLAY A KEY ROLE IN ARTICULATING AND CELEBRATING THE CORE IDENTITY OF THE INSTITUTION BY INTENTIONALLY MOVING TOWARDS ESTABLISHING A CULTURE IN KEEPING WITH THE SCHOOL'S CORE VALUES. THIS MOVEMENT WILL ENABLE ALL CONSTITUENCIES AND STAKEHOLDERS (FACULTY, STAFF, STUDENTS, PARENTS, AND THE LINDSBORG COMMUNITY ITSELF) TO BE ON THE SAME PAGE AND TO MOVE IN THE SAME DIRECTION WHICH WILL CONTRIBUTE TO A UNIQUELY "BETHANY" EDUCATIONAL EXPERIENCE. IN OUR AREAS OF INFLUENCE, WE SEEK SPECIFICALLY TO PROVIDE STUDENTS WITH A RICH, DYNAMIC ENVIRONMENT IN WHICH THE INTELLECTUAL, SOCIAL, SPIRITUAL, AND MORAL SPHERES OF LIFE REINFORCE ONE ANOTHER. 2601872 0 1422694 AUXILIARY ENTERPRISES:AUXILIARY OPERATIONS OF THE COLLEGE PROVIDE ON-CAMPUS HOUSING, FOOD SERVICE AND THE SWEDE NATION STATION BOOKSTORE. ALL FULL-TIME STUDENTS ARE REQUIRED TO LIVE ON CAMPUS WITH A PROCESS FOR REQUESTING PERMISSION TO LIVE OFF CAMPUS. FOOD SERVICE IS PROVIDED IN THE CAFETERIA LOCATED IN PHILBLAD MEMORIAL UNION CAFETERIA AND SANDWICH ITEMS ARE OFFERED IN THE SWEDE NATION STATION, ALSO LOCATED IN THE UNION BUILDING. VENDING MACHINES ARE LOCATED AT VARIOUS LOCATIONS AROUND THE CAMPUS. 16367332 1 1 0 0 0 0 0 1 1 1 1 0 1 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 24 0 580 1 0 0 0 0 0 0 0 0 0 0 X 23 22 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X DENNIS STUGELMEYER 7852273380 335 E SWENSSON STREET LINDSBORG KS 67456 MR JIM MARTIN 1.00 1.00 X X 0 0 0 DR KRIS ERICSON 1.00 0.00 X X 0 0 0 THE HONORABLE EVELYN WILSON 1.00 0.00 X X 0 0 0 MR STEVE BRIGGS 1.00 1.00 X X 0 0 0 DR JON BREDESON 1.00 0.00 X 0 0 0 MRS RUTH BROWNE 1.00 0.00 X 0 0 0 MR ERIC DOERING 1.00 0.00 X 0 0 0 DR GUY ERWIN 1.00 0.00 X 0 0 0 DR MARIE FRIEDEMANN 1.00 0.00 X 0 0 0 BISHOP MICHAEL GIRLINGHOUSE 1.00 0.00 X 0 0 0 MR LEROY HACKLEY 1.00 0.00 X 0 0 0 MR JEREMY KOEHLER 1.00 0.00 X 0 0 0 REV GERALD MANSHOLT 1.00 0.00 X 0 0 0 DR MARK MCDONALD 40.00 0.00 X 36993 0 4826 MR KURT MEYER 1.00 0.00 X 0 0 0 MR BOB MOONEY 1.00 0.00 X 0 0 0 MR MICHAEL O'DELL 1.00 0.00 X 0 0 0 MR JASON OPAT 1.00 0.00 X 0 0 0 MR COREY PETERSON 1.00 0.00 X 0 0 0 REV FLOYD THOMPKINS JR 1.00 0.00 X 0 0 0 DR BARBARA VARENHORST 1.00 0.00 X 0 0 0 MR V TODD WALETZKI 1.00 0.00 X 0 0 0 MS MARLENE WALTZ 1.00 0.00 X 0 0 0 MR MARK WILHELM 1.00 0.00 X 0 0 0 DR EDWARD L LEONARD III 60.00 1.00 X 155867 0 6521 MR ROBERT SCHMOLL 60.00 1.00 X 71687 0 5669 MR RICHARD METZ 60.00 1.00 X 25000 0 0 289547 0 17016 1 0 1 0 0 919564 147214 1538148 92382 2604926 EDUCATION, GENERAL 611600 11753605 11753605 STUDENT HOUSING 611710 1467239 1467239 AUXILIARY ENTERPRISES 611710 1422694 1422694 STUDENT ACTIVITIES & OTHER 611710 338036 338036 14981574 54121 54121 208034 197450 10584 10584 10584 17651205 14981574 0 64705 6526081 6526081 310963 34252 274428 2283 4998521 3653248 999907 345366 510311 332493 145437 32381 335556 233411 80216 21929 148711 5425 143286 879103 527430 263578 88095 65578 6499 55612 3467 878284 430781 389598 57905 261625 210955 50670 796375 429778 366597 418554 356312 27866 34376 283981 275121 8860 1008497 977032 31465 301390 13586 287804 FOOD/MEALS 1020797 986820 20579 13398 EQUIPMENT RENTAL/MAINT 264940 212898 52042 BAD DEBT EXPENSE 84840 84840 COST CENTER ALLOCATIONS 0 1110441 -1110441 196252 44769 149569 1914 19290359 16367332 2321913 601114 1613033 1112264 1015831 818381 354725 240018 256970 253879 76541 82576 113986 88156 30257478 19377168 11242246 10880310 2422366 2307118 807991 726382 17903689 16509084 867411 1339278 93296 66126 5615000 5500000 1388 3101 316496 265341 15044409 15008703 21938000 22182549 X -7737710 -9217246 3584996 3543781 118403 0 -4034311 -5673465 17903689 16509084 -1639154 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 45700 45700 0 0 X X X 0 0 1 X 11532923 11169 1141747 558592 12127247 11034195 540851 590648 571919 60853 11532923 10378096 582005 1738688 781811 882783 11034195 12616475 307611 1558081 1068063 3036008 10378096 13082397 360263 490140 1316325 12616475 0.00000 1.00000 0.00000 0 1 1 532603 532603 17783063 10795874 6987189 8992968 7610159 1382809 2948844 971135 1977709 10880310 STUDENT NOTES RECEIVABLE 2307118 C 2307118 BETHANY COLLEGE TRUST LINE OF CREDIT 12505336 GOVERNMENT GRANTS REFUNDABLE 2466162 CAPITAL LEASE PAYABLE 37205 15008703 X PART III, LINE 4: THE ART COLLECTION INCLUDES ART IN DIFFERENT MEDIAS FROM DIFFERENT ERAS. MANY ARTISTS HAVE A CONNECTION TO BETHANY COLLEGE AND SEVERAL ARE WELL KNOWN IN THE AREA AND IN THE UNITED STATES. ACCESSION INTO THE COLLECTION IS EVALUATED BY WHETHER THE ITEM HAS HISTORICAL OR AESTHETIC VALUE AND/OR POTENTIAL USE IN RESEARCH OR TEACHING. THE ART HELPS FURTHER THE LIBERAL ARTS PURPOSE OF THE COLLEGE BY ALLOWING STUDENTS AND FACULTY IN THE MAJOR AND GENERAL CREDIT CLASSES AS WELL AS THE COLLEGE AND COMMUNITY AS A WHOLE LEARN MORE ABOUT ART. THE ORGANIZATION ELECTRED, AS PREMITTED UNDER SFAS 116, NOT TO REPORT IN ITS REVENUE STATEMENT AND BALANCE SHEET WORKS OF ART HELD FOR PUBLIC EXHIBITION AND EDUCATION. PART IV, LINE 2B: THE COLLEGE ACTS AS A FISCAL AGENT FOR THE BETHANY AUXILIARY DAMES CLUB, A WOMENS CLUB THAT RAISES MONEY FOR A NON-ENDOWED STUDENT SCHOLARSHIPS. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ENDOWMENT FUNDS' INTENDED USE IS TO HOLD IN TRUST INVESTMENT FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. ENDOWMENTS ARE EXCLUSIVELY FOR THE BENEFIT OF BETHANY COLLEGE. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE COLLEGE AND THE ENDOWMENT FUND RECEIVED DETERMINATION LETTERS FROM THE INTERNAL REVENUE SERVICE INDICATING THEY ARE TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS SUBJECT TO FEDERAL AND STATE INCOME TAX ONLY ON NET UNRELATED BUSINESS INCOME. THE COLLEGE HAS CONCLUDED THAT THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. EFFECTIVE JULY 1, 2009, THE COLLEGE ADOPTED ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS AND FILES AS A TAX EXEMPT ORGANIZATION. NO ADJUSTMENTS TO THE FINANCIAL STATEMENTS WERE REQUIRED AS A RESULT OF THE IMPLEMENTATION OF THIS STANDARD. THE COLLEGE HAS NO CURRENT OBLIGATION FOR UNRELATED BUSINESS INCOME TAX. THE COLLEGE AND ENDOWMENT FUND TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AUTHORITIES. SHOULD THAT STATUS BE CHALLENGED IN THE FUTURE, THE TAX RETURNS FOR THE YEARS 2010 THROUGH 2012 ARE SUBJECT TO REVIEW BY FEDERAL AUTHORITIES. 1 1 1 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 BETHANY COLLEGE PROVIDES THEIR NONDISCRIMINATION POLICY IN SCHOOL CATALOGS, BROCHURES AND OTHER ADMISSIONS INFORMATION. THE SCHOOL FOLLOWS A NONDISCRIMINATION POLICY FOR ALL PROGRAMS. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES FEDERAL AID AND ASSISTANCE FROM THE FEDERAL AND STATE DEPARTMENTS OF EDUCATION. 1 COLLEGE SCHOLARSHIPS & GRANTS 573 6526081 0 N/A N/A PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: BETHANY COLLEGE MAINTAINS RECORDS ON EVERY INDIVIDUAL WHO RECEIVES FUNDS. THESE RECORDS INCLUDE THE AMOUNT RECEIVED AND QUALIFICATIONS MET IN ORDER TO RECEIVE THOSE FUNDS. THEY ARE KEPT FOR THE DURATION OF TIME AS SPECIFIED BY THE DEPARTMENT OF EDUCATION AND ARE PROPERTY DISPOSED OF AFTERWARDS. THE COLLEGE ALSO HAS A POLICIES AND PROCEDURES MANUAL WHICH STATES HOW SPECIFIC GRANT MONIES, SUCH AS THE KANSAS COMPREHENSIVE GRANT AND SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT, ARE AWARDED. X X 0 0 X X X 0 0 0 0 0 0 0 0 0 DR EDWARD L LEONARD III 143666 0 0 0 12201 0 0 0 6521 0 162388 0 0 0 PART I, LINE 1A DR. EDWARD F. LEONARD III - HOUSING ALLOWANCE - INCLUDED IN TAXABLE INCOME DR. EDWARD F. LEONARD III - MEMBERSHIP IN COUNTRY CLUB - NOT INCLUDED IN TAXABLE INCOME A KANSAS INDEPENDENT COLLEGE FINANCING AUTHORITY 481233911 48526HQV1 2008-02-06 6000000 FINANCE COST OF CAMPUS PROJECTS 0 0 0 A 500000 6000000 397073 120000 5182557 300370 2009 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 1 1 0 0 0 0 A 0 SCHEDULE K PART IV, ARBITRAGE, LINE 2C DATE REBATE COMPUTATION PERFORMED ISSUER NAME: KANSAS INDEPENDENT COLLEGE FINANCING AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 02/06/2013 FORM 990, SCHEDULE K AS OF THE END OF THE TAX YEAR, THE COLLEGE DOES NOT HAVE FORMAL WRITTEN POLICIES FOR CERTAIN PROVISIONS OUTLINED IN SCHEDULE K. HOWEVER, SUBSEQUENT TO YEAR END THE COLLEGE HAS BEGUN DEVELOPING SUCH POLICIES AND EXPECTS TO ADOPT THEM FOR THE YEAR ENDED JUNE 30, 2014. X 2 45700 APPRAISAL X 2866 RECEIPTS X LANDSCAPING 1 43816 APPRAISAL 0 0 0 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTIONS: PART I, COLUMN (B): THE COLLEGE LISTS THE NUMBER OF CONTRIBUTORS IN PART I, COLUMN B. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE CONSISTS OF THE BOARD CHAIRPERSON, BOARD VICE-CHAIRPERSON, BOARD SECRETARY; COLLEGE PRESIDENT; AND, THE CHAIRPERSON OF EACH OF THE STANDING COMMITTEES OF THE BOARD; AND ONE AT-LARGE MEMBER OF THE BOARD. THE CHAIRPERSON OF THE BOARD SERVES AS ITS CHAIRPERSON. THE DUTIES OF THE EXECUTIVE COMMITTEE ARE AS FOLLOWS: (1) TRANSACT ALL BUSINESS THAT REQUIRES ATTENTION BETWEEN REGULAR MEETINGS OF THE FULL BOARD; (2) ACT FOR AND ON BEHALF OF THE BOARD BETWEEN SUCH MEETINGS; (3) REPORT THEIR ACTIONS TO THE MEMBERS OF THE BOARD BY MEANS OF APPROPRIATE MINUTES AS SPEEDILY AS POSSIBLE; (4) BE RESPONSIBLE TO THE BOARD FOR ALL ACTIONS TAKEN; (5) SUPPORT THE COLLEGE PRESIDENT AND ASSESS HIS OR HER PERFONNANCE; AND (6) REVIEW THE COLLEGE PRESIDENT'S COMPENSATION AND CONDITIONS OF EMPLOYMENT AT LEAST ANNUALLY. FORM 990, PART VI, SECTION A, LINE 1 THE FACULTY AND STUDENT MEMBERS OF THE BOARD HAVE ONE VOTE ON ALL BOARD-RELATED ISSUES BROUGHT IN A PLENARY SESSION OF THE BOARD, BUT DO NOT VOTE AND ARE NOT PRESENT DURING EXECUTIVE SESSIONS OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 6 THE COLLEGE'S MEMBERS ARE THE CENTRAL STATES AND ARKANSAS-OKLAHOMA SYNODS OF THE EVANGELICAL LUTHERAN CHURCH IN AMERICA. FORM 990, PART VI, SECTION A, LINE 7A THE COLLEGE'S BOARD OF DIRECTORS CONSISTS OF NO FEWER THAN 24, BUT NO MORE THAN 28 MEMBERS, EXCLUSIVE OF THE PRESIDENT OF THE COLLEGE. THE BISHOPS OF THE CENTRAL STATES, ARKANSAS-OKLAHOMA, AND ROCKY MOUNTAIN SYNODS OF THE EVANGELICAL LUTHERAN CHURCH IN AMERICA, OR THEIR DESIGNEES, ARE EX-OFFICIO MEMBERS OF THE BOARD, EACH HAVING ONE VOTE. IN ADDITION, ONE BOARD MEMBER REPRESENTS THE DIVISION FOR HIGHER EDUCATION AND SCHOOLS OF THE EVANGELICAL LUTHERAN CHURCH IN AMERICA, AS AN EX-OFFICIO MEMBER OF THE BOARD, BUT WITHOUT VOTE. THE ELECTED MEMBERSHIP OF THE BOARD, EACH HAVING ONE VOTE EXCEPT AS OTHERWISE SET FORTH HEREIN, ARE COMPRISED AS FOLLOWS: (A) ONE BOARD MEMBER EACH REPRESENT THE MEMBERSHIP OF THE CENTRAL STATES, ARKANSAS-OKLAHOMA, AND ROCKY MOUNTAIN SYNODS OF THE EVANGELICAL LUTHERAN CHURCH IN AMERICA. (B) TWO BOARD MEMBERS REPRESENT THE COLLEGE ALUMNI ASSOCIATION. THESE MEMBERS MAY BE ELECTED WITHOUT REFERENCE TO CHURCH AFFILIATION. (C) ONE BOARD MEMBER REPRESENTS THE COLLEGE FACULTY. THIS MEMBER MAY BE ELECTED WITHOUT REFERENCE TO CHURCH AFFILIATION. THE COLLEGE FACULTY MEMBER OF THE BOARD HAS ONE VOTE ON ALL BOARD-RELATED ISSUES BROUGHT IN A PLENARY SESSION OF THE BOARD, BUT DOES NOT VOTE AND IS NOT PRESENT DURING EXECUTIVE SESSIONS OF THE BOARD. (D) ONE BOARD MEMBER REPRESENTS THE COLLEGE STUDENTS. THIS MEMBER MAY BE ELECTED WITHOUT REFERENCE TO CHURCH AFFILIATION. THE COLLEGE STUDENT MEMBER OF THE BOARD HAS ONE VOTE ON ALL BOARD-RELATED ISSUES BROUGHT IN A PLENARY SESSION OF THE BOARD, BUT DOES NOT VOTE AND IS NOT PRESENT DURING EXECUTIVE SESSIONS OF THE BOARD. (E) UP TO 17 BOARD MEMBERS SERVE AS AT-LARGE MEMBERS. THESE MEMBERS MAY BE ELECTED WITHOUT REFERENCE TO CHURCH AFFILIATION. FORM 990, PART VI, SECTION B, LINE 11 THE AUDIT COMMITTEE REVIEWS THE FORM 990 AND MAKES A RECOMMENDATION TO THE BOARD OF DIRECTORS TO APPROVE THE FILING. THE BOARD OF DIRECTORS WILL THEN REVIEW THE FORM 990 WITH THE PRESIDENT AND VP FOR FINANCE AND OPERATIONS AND FORMALLY APPROVE THE FORM 990 PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY COVERS EACH MEMBER OF THE BOARD OF DIRECTORS AND THE TRUSTEES OF BETHANY COLLEGE. IF A PERSON COVERED UNDER THE POLICY HAS A SIGNIFICANT FINANCIAL INTEREST, EITHER PERSONAL OR PROFESSIONAL, IN ANY TRANSACTION INVOLVING THE COLLEGE, OR BEING CONSIDERED BY THE COLLEGE, SUCH PERSON SHALL, AS SOON AS HE OR SHE HAS KNOWLEDGE OF THE TRANSACTION, TAKE THE FOLLOWING ACTIONS: FULLY DISCLOSE, IN WRITING, THE PRECISE NATURE OF HIS OR HER INTEREST IN SUCH TRANSACTION(S) TO THOSE AT THE COLLEGE INVOLVED WITH THE TRANSACTION(S) AND TO THE CHAIRPERSON OF THE BOARD OF DIRECTORS, OR BOARD OF TRUSTEES, WHICHEVER IS APPROPRIATE. THE BOARD MEMBER, TRUSTEE OR CHAIRPERSON MAY REQUEST AN OPINION ON THE EXISTENCE OF A CONFLICT FROM THE COLLEGE'S GENERAL LEGAL COUNSEL. AFTER HAVING DISCLOSED THE CONFLICT, THE BOARD MEMBER OR TRUSTEE MAY DECIDE TO DECLINE TO PARTICIPATE IN DISCUSSION OF THE MATTER AS TO WHICH A CONFLICT EXISTS. IN SUCH INSTANCES, THE MEETING MINUTES SHALL REFLECT SUCH DECISION OF SELF-RECUSAL OR ABSTENTION. NOTWITHSTANDING THE BOARD MEMBER'S OR TRUSTEES DECISION TO PARTICIPATE IN DISCUSSION OF THE MATTER AS TO WHICH A CONFLICT EXISTS, THAT BOARD MEMBER OR TRUSTEE SHALL NOT VOTE ON THE ISSUE. IF THE BOARD MEMBER OR TRUSTEE DOES NOT DECLINE TO PARTICIPATE IN DISCUSSION OF THE MATTER AS TO WHICH A CONFLICT EXISTS, THE CHAIRPERSON SHALL, PRIOR TO CONSIDERATION OF THE MATTER, AND IN OPEN SESSION, IDENTIFY THE CONFLICT. THE INDIVIDUAL AS TO WHOM A CONFLICT IS IDENTIFIED MAY THEN PARTICIPATE IN OPEN DISCUSSION OF THE MATTER IF A MAJORITY OF THE MEMBERS AUTHORIZE SUCH PARTICIPATION BY MAJORITY VOTE. IF SUCH AUTHORIZATION IS GIVEN, THE INDIVIDUAL SHALL, NONETHELESS, ABSTAIN FROM VOTING ON THE MATTER. A BOARD MEMBER OR TRUSTEE WHO RECUSES HIMSELF OR HERSELF FROM PARTICIPATION IN DISCUSSION OF AND VOTING UPON A MATTER SHALL NOT BE COUNTED TOWARD A QUORUM FOR THAT VOTE. IF A CONFLICT INVOLVING THE CHAIRPERSON IS AT ISSUE, THE VICE CHAIRPERSON SHALL ASSUME THE ROLE OF THE CHAIRPERSON IN ADDRESSING THE CONFLICT. ALL PROCEEDINGS RESULTING FROM POTENTIAL AND ACTUAL CONFLICTS OF INTEREST ARE DOCUMENTED IN THE MEETING MINUTES OR AS OTHERWISE APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS HIRES AND ESTABLISHES AN EMPLOYMENT CONTRACT WITH THE PRESIDENT OF THE COLLEGE. THE INITIAL COMPENSATION WAS DETERMINED BASED ON SALARY SURVEYS OF COMPARABLE COLLEGES IN THE GEOGRAPHIC REGION. THE EMPLOYMENT CONTRACT THEN CALLS FOR ANNUAL INCREASES "BY THE SAME ANNUAL PERCENTAGE INCREASE AS APPROVED BY THE BOARD FOR THE POOL OF MONIES BUDGETED FOR COMPENSATION TO BETHANY'S EMPLOYEES OTHER THAN THE COLLEGE PRESIDENT." FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. BETHANY COLLEGE TRUST 335 E SWENSSON STREET LINDSBORG KS 67456 481114249 ENDOWMENT KS 501(C)(3) LINE 11A, I BETHANY COLLEGE 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 BETHANY COLLEGE TRUST C 919564 CASH TRANSFERRED