2013-02-27T09:47:07-06:00 2012-04-30 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2011-05-01 237094836 BETHEL UNIVERSITY FOUNDATION BETH 6516351000 3900 BETHEL DRIVE ST PAUL MN 55112 ANGELLA J HJELLE 6516351000 2013-02-21 1 XIAOYAN LUO P01305207 6123764500 2011 2016-02-25 16:41:14Z ANGELLA J HJELLE 3900 BETHEL DRIVE ST PAUL MN 55112 1838235 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 0 0 0 837706 404996 0 0 102987 153773 0 1154 940693 559923 514910 0 0 0 226646 234048 0 0 0 98786 196892 840342 430940 100351 128983 20026071 18456460 11709092 10120499 8316979 8335961 TO PROVIDE FINANCIAL MANAGEMENT OF ENDOWMENT AND TRUST ACCOUNTS FOR BETHEL UNIVERSITY AND ITS CONSTITUENTS. 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 0 1 0 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 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 1 CJ 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 1306 COUNTY ROAD F W ARDEN HILLS MN 55112 X DON BENSON 1.00 X X 0 0 0 MARK ORGEL 1.00 X X 0 0 0 LINDA GOODWIN 1.00 X X 0 0 0 RANDAL MONSON 1.00 X X 0 0 0 ROLLIE ANDERSON 1.00 X 0 0 0 WADE ANDERSON 1.00 X 0 0 0 JAMES H BARNES III 1.00 X 0 189293 101158 ALAN BERGSTROM 1.00 X 0 0 0 CHELSEY BERSTLER 1.00 X 0 0 0 BILL HARGIS 1.00 X 0 0 0 DEAN JUNKANS 1.00 X 0 0 0 LAURA MCKNIGHT 1.00 X 0 0 0 KIM MILBRANDT 1.00 X 0 0 0 PETER REKSTAD 1.00 X 0 0 0 JOHN ROISE 1.00 X 0 0 0 DAVID SUNDET 1.00 X 0 0 0 RONALD TSCHETTER 1.00 X 0 0 0 HAROLD WIENS 1.00 X 0 0 0 MIKE BROCKER 1.00 X 0 0 0 TIM DOTEN 1.00 X 0 0 0 ANDREW WYATT 1.00 X 0 0 0 ANGELLA J HJELLE 40.00 X 0 104716 30172 CHARLES J STROUD 40.00 X 0 92646 28281 PATRICK MAZOROL 1.00 X 0 153597 39337 0 540252 198948 0 0 1 0 0 403948 1048 404996 61111 61111 1370974 1278312 92662 92662 92662 OTHER INCOME 900099 1154 1154 1154 559923 93816 0 61111 175646 175646 58402 58402 15400 15400 13388 13388 125373 125373 2500 2500 5143 5143 12968 12968 7127 7127 9496 9496 2310 2310 SUBSCRIPTIONS & MEMBERS 2655 2655 MISCELLANEOUS EXPENSE 532 532 430940 0 430940 0 7972 28314 6495 0 22987 25404 910000 909999 1 1 4121290 3987774 262000 260000 15605326 14154967 20026071 18456460 103 139745 146872 11569347 9973524 11709092 10120499 X 4010057 3892685 3542054 3681295 764868 761981 8316979 8335961 20026071 18456460 X 128983 -110001 X 0 1 1 X 0 X 1205414 929307 471300 837706 404996 3848723 1205414 929307 471300 837706 404996 3848723 1188255 2660468 60926 59144 58836 54403 61111 294420 1154 1154 4144297 0.64200 0.45730 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 85000 519264 1 1 1 45348300 55310236 1569727 99088809 0 910000 909999 1 1 TRUST ASSETS- MUTUAL FUNDS 12585298 POOLED COMMON FUND ASSETS 1569669 14154967 OBLIGATIONS UNDER TRUST AND PCF AGREEMENTS 9711691 PAYABLE TO BETHEL UNIVERSITY 261833 9973524 559923 430940 128983 -246355 136354 -110001 18982 449922 -246355 136354 -110001 559923 0 559923 430940 0 430940 0 430940 PART IV, LINE 1B: THE FOUNDATION INVESTS ENDOWMENT FUNDS FOR BETHEL UNIVERSITY. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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 2009, 2010 AND 2011 ARE OPEN TO EXAMINATION BY FEDERAL, LOCAL AND STATE AUTHORITIES. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 136,354. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 136,354. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 1194554 0 0 0 0 0 0 1194554 0 1194554 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 JAMES H BARNES III 0 189293 0 0 0 0 0 24114 0 77044 0 290451 0 0 PATRICK MAZOROL 0 153597 0 0 0 0 0 15603 0 23734 0 192934 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. MONSON INSURANCE CURRENT BOARD MEMBER 546811 INSURANCE PREMIUMS PAID TO MONSON INSURANCE 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 ORGANIZATIO'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. DESCRIPTION OF HOURS ALLOCATED FORM 990, PART VII THE FOLLOWING INDIVIDUAL WORKED FOR THE REPORTING ORGANIZATION AND THE RELATED ORGANIZATION AS FOLLOWS: JAMES H BARNES III AND PATRICK MAZOROL BETHEL UNIVERSITY - 40 HOURS/WEEK BETHEL UNIVERSITY FOUNDATION - 1 HOUR/WEEK JOHN ROISE, RONALD TSCHETTER AND HAROLD WIENS BETHEL UNIVERSITY - 5 HOURS/WEEK BETHEL UNIVERSITY FOUNDATION - 1 HOUR/WEEK CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -246,355. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 136,354. TOTAL TO FORM 990, PART XI, LINE 5: -110,001. SUPPORT SERVICES FROM BETHEL UNIVERISTY FORM 990, PART I, BETHEL UNIVERISTY 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 $403,948 FOR BETHEL'S FISCAL YEARS ENDED MAY 31, 2012. 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 ANDERSON CAMERON & JUNE UT #2 3900 BETHEL DRIVE ST PAUL MN 55112 416415974 INVESTMENT MN N/A T ANDERSON CAMERON & JUNE UT #3 3900 BETHEL DRIVE ST PAUL MN 55112 367237103 INVESTMENT MN N/A T BAKER HAROLD I & DOROTHY M UT 3900 BETHEL DRIVE ST PAUL MN 55112 411635232 INVESTMENT MN N/A T BOTH VICTOR A & MIRIAN UT 3900 BETHEL DRIVE ST PAUL MN 55112 686166619 INVESTMENT MN N/A T CARLSEN ROBERT A UT 3900 BETHEL DRIVE ST PAUL MN 55112 416275112 INVESTMENT MN N/A T COULTER GORDON W & CAROL UT 3900 BETHEL DRIVE ST PAUL MN 55112 416430150 INVESTMENT MN N/A T EASTLUND VALERIE G UT 3900 BETHEL DRIVE ST PAUL MN 55112 411867989 INVESTMENT MN N/A T EASTLUND WARREN E UT 3900 BETHEL DRIVE ST PAUL MN 55112 411867981 INVESTMENT MN N/A T EASTLUND WARREN E & VALERIE G UT 3900 BETHEL DRIVE ST PAUL MN 55112 416378706 INVESTMENT MN N/A T ERICKSON JOHN CRUT 3900 BETHEL DRIVE ST PAUL MN 55112 207241588 INVESTMENT MN N/A T ERICKSON JOHN CRUT #2 3900 BETHEL DRIVE ST PAUL MN 55112 266743121 INVESTMENT MN N/A T ERICSSON KERMIT C & EUNICE M UT 3900 BETHEL DRIVE ST PAUL MN 55112 416346251 INVESTMENT MN N/A T GETSCH MARJORIE DYE UT 3900 BETHEL DRIVE ST PAUL MN 55112 411335755 INVESTMENT MN N/A T GETSCH WILLIAM C UT 3900 BETHEL DRIVE ST PAUL MN 55112 411335757 INVESTMENT MN N/A T GRUNEWALD JOHN H & JANICE M UT 3900 BETHEL DRIVE ST PAUL MN 55112 416374554 INVESTMENT MN N/A T GOODWIN NORMAN CRUT 3900 BETHEL DRIVE ST PAUL MN 55112 266790098 INVESTMENT MN N/A T HANSON BERNEIL W UT 3900 BETHEL DRIVE ST PAUL MN 55112 411886352 INVESTMENT MN N/A T HARDLE BETTY R UT 3900 BETHEL DRIVE ST PAUL MN 55112 416277858 INVESTMENT MN N/A T HOLDEN HAL UT 3900 BETHEL DRIVE ST PAUL MN 55112 237212893 INVESTMENT MN N/A T HOLMAN RALPH T UT 3900 BETHEL DRIVE ST PAUL MN 55112 411916694 INVESTMENT MN N/A T JOHNSON EUGENE D & KATHLEEN J UT 3900 BETHEL DRIVE ST PAUL MN 55112 416422308 INVESTMENT MN N/A T JOHNSON GEORGE W & SHIRLEY V UT 3900 BETHEL DRIVE ST PAUL MN 55112 416422310 INVESTMENT MN N/A T LINDAHL ARDITH M UT 3900 BETHEL DRIVE ST PAUL MN 55112 411886354 INVESTMENT MN N/A T LUNDBERG PAUL & EMILY CRUT 3900 BETHEL DRIVE ST PAUL MN 55112 371536512 INVESTMENT MN N/A T MAGNUSON RAYMOND C & MARIE ANN UT 3900 BETHEL DRIVE ST PAUL MN 55112 416418143 INVESTMENT MN N/A T MAGNUSON VERNON & MABEL CRUT 3900 BETHEL DRIVE ST PAUL MN 55112 836051301 INVESTMENT MN N/A T MAGNUSON WARREN & MARGARET CRUT 3900 BETHEL DRIVE ST PAUL MN 55112 416472467 INVESTMENT MN N/A T MICKELSON ALVERA UT 3900 BETHEL DRIVE ST PAUL MN 55112 411700642 INVESTMENT MN N/A T MOBERG DAVID O UT 3900 BETHEL DRIVE ST PAUL MN 55112 411946672 INVESTMENT MN N/A T MONSON DAVID E & MARY JO UT 3900 BETHEL DRIVE ST PAUL MN 55112 416450919 INVESTMENT MN N/A T MONSON MARY JO CRUT 3900 BETHEL DRIVE ST PAUL MN 55112 266310440 INVESTMENT MN N/A T NELSON HILMER UT #1 3900 BETHEL DRIVE ST PAUL MN 55112 411371344 INVESTMENT MN N/A T NELSON HILMER UT #2 3900 BETHEL DRIVE ST PAUL MN 55112 416284965 INVESTMENT MN N/A T NICKEL HARLAN J UT 3900 BETHEL DRIVE ST PAUL MN 55112 411670154 INVESTMENT MN N/A T OLSON EUGENE R UT #4 3900 BETHEL DRIVE ST PAUL MN 55112 400002864 INVESTMENT MN N/A T OLSON LEONA F UT#1 3900 BETHEL DRIVE ST PAUL MN 55112 416460504 INVESTMENT MN N/A T OLSON LEONA F UT#2 3900 BETHEL DRIVE ST PAUL MN 55112 416460505 INVESTMENT MN N/A T OLSON PAUL & PAMELA UT 3900 BETHEL DRIVE ST PAUL MN 55112 416485179 INVESTMENT MN N/A T PERKINS LARRY & LINDA UT 3900 BETHEL DRIVE ST PAUL MN 55112 416397655 INVESTMENT MN N/A T PETERSON JOHN & ARLENE UT 3900 BETHEL DRIVE ST PAUL MN 55112 416483802 INVESTMENT MN N/A T PORT WILBERT UT 3900 BETHEL DRIVE ST PAUL MN 55112 816108987 INVESTMENT MN N/A T WILSON LOIS E UT 3900 BETHEL DRIVE ST PAUL MN 55112 411683328 INVESTMENT MN N/A T HOLMAN RALPH REVOCABLE TRUST 3900 BETHEL DRIVE ST PAUL MN 55112 416414519 INVESTMENT MN N/A T HOLMAN RALPH ANNUITY TRUST #1 3900 BETHEL DRIVE ST PAUL MN 55112 411900236 INVESTMENT MN N/A T HOLMAN RALPH ANNUITY TRUST #2 3900 BETHEL DRIVE ST PAUL MN 55112 411902960 INVESTMENT MN N/A T JOHNSON FAMILY TRUST 3900 BETHEL DRIVE ST PAUL MN 55112 436884893 INVESTMENT MN N/A T KELLER KAYLA IRREVOCABLE TRUST 3900 BETHEL DRIVE ST PAUL MN 55112 466123259 INVESTMENT MN N/A T 0 1 0 0 0 0 0 0 1 1 1 1 1 1 1 1 0 0