2013-03-06T16:30:31-06:00 2012-05-31 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2011-06-01 410708577 BETHEL UNIVERSITY BETH 6516386208 3900 BETHEL DRIVE ST PAUL MN 551126999 KATHLEEN NELSON 6516386208 2013-03-06 1 XIAOYAN LUO P01305207 6123764500 2011 2016-02-25 16:41:14Z JAMES BARNES 3900 BETHEL DRIVE ST PAUL MN 551126999 159942340 0 X WWW.BETHEL.EDU X 1996 MN TO EDUCATE AND ENERGIZE MEN AND WOMEN FOR EXCELLENCE IN LEADERSHIP, SCHOLARSHIP AND SERVICE. 37 36 3434 36 144681 -140584 11206857 9814563 116661970 123038690 1148678 2610084 3025044 3849496 132042549 139312833 27760010 31044520 0 0 61161420 63061143 0 0 2183107 33595189 40076277 122516619 134181940 9525930 5130893 160711142 161185281 84220758 100069009 76490384 61116272 X BOLDLY INFORMED AND MOTIVATED BY THE CHRISTIAN FAITH, BETHEL UNIVERSITY EDUCATES AND ENERGIZES MEN AND WOMEN FOR EXCELLENCE IN LEADERSHIP, SCHOLARSHIP AND SERVICE. 0 0 37406290 0 102364488 EDUCATIONAL INSTRUCTIONCOLLEGE OF ARTS & SCIENCES (LIBERAL ARTS, UNDERGRADUATE): 3,095 STUDENTS; GRADUATE SCHOOL AND COLLEGE OF ADULT & PROFESSIONAL STUDIES (ADULT DEGREE COMPLETION): 2,403 STUDENTS; BETHEL SEMINARY: 1,272 STUDENTS 30642729 30642729 0 STUDENT AIDPROVIDED SCHOLARSHIPS AND GRANTS FOR NEEDY STUDENTS. FUNDING INCLUDES $28,336,505 IN INSTITUTIONAL AID AND $2,306,224 OF FEDERAL, STATE, AND OTHER OUTSIDE AID. 16053151 0 972251 ACADEMIC SUPPORT SERVICESSERVICES INCLUDING BUT NOT LIMITED TO: BETHEL UNIVERSITY LIBRARY, OFFICE OF UNIVERSITY REGISTRAR, INFORMATION TECHNOLOGY SERVICES, HEALTH SERVICES, COUNSELING CENTER, ATHLETICS, CHILD DEVELOPMENT CENTER. 14561015 0 19701951 AUXILIARY SERVICESSERVICES INCLUDING BUT NOT LIMITED TO: STUDENT HOUSING (APPROXIMATELY 2/3 OF STUDENTS ARE IN BETHEL HOUSING), FOOD SERVICE, CAMPUS STORE. 401791 401791 0 SUPPORT TO BETHEL UNIVERSITY FOUNDATIONSUPPORT SERVICES TO THE FOUNDATION INCLUDING PROVIDING OFFICE SPACE AND ASSOCIATED EXPENSES AT NO COST. 14962806 401791 19701951 99064976 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 1 0 1 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 286 0 3434 1 1 1 1 UK 0 0 0 0 0 0 0 0 0 X 37 36 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X X JOHN BERGESON 6516386208 3900 BETHEL DRIVE ST PAUL MN 551126999 X BARNES JAMES 40.00 X X 189293 0 101158 LINDH DANIEL A 5.00 X X 0 0 0 WIENS HAROLD J 5.00 X X 0 0 0 GREEN JAMES B 5.00 X X 0 0 0 BJORK ROBERT 5.00 X X 0 0 0 JOHNSON JOEL K 5.00 X X 0 0 0 ADDINGTON THOMAS G 5.00 X 0 0 0 ANKERBERG WILLIAM C 5.00 X 0 0 0 BARR COLLIN E 5.00 X 0 0 0 BERGSTEDT ALAN 5.00 X 0 0 0 CARLSON DANIEL H 5.00 X 0 0 0 CHILDS TIMOTHY T 5.00 X 0 0 0 CONRAD DEANNA 5.00 X 0 0 0 DYE DANIEL 5.00 X 0 0 0 EVANS THOMAS C 5.00 X 0 0 0 GRIFFIN JOHN D 5.00 X 0 0 0 HERSCH BOBBI 5.00 X 0 0 0 HIPP MARY LEE 5.00 X 0 0 0 JENKINS JOHN K 5.00 X 0 0 0 JENSEN WAYLAND E 5.00 X 0 0 0 JOHNSON DONALD H 5.00 X 0 0 0 JOHNSON STEPHEN E 5.00 X 0 0 0 KAUPS KRISTA L 5.00 X 0 0 0 KIRBY STEVE T 5.00 X 0 0 0 LARSON KARIN L 5.00 X 0 0 0 MITTON PAUL 5.00 X 0 0 0 MOUA T CHER 5.00 X 0 0 0 MYERS VIKKI J 5.00 X 0 0 0 NICHOLSON BARBARA 5.00 X 0 0 0 ROISE JOHN 5.00 X 0 0 0 RYKS DONALD E 5.00 X 0 0 0 SHEVELAND GERALD R 5.00 X 0 0 0 SMITH HAROLD B 5.00 X 0 0 0 SOLTERO GEORGE H 5.00 X 0 0 0 TRAUDT TIM N 5.00 X 0 0 0 TSCHETTER RONALD A 5.00 X 0 0 0 WHITE JULIE M 5.00 X 0 0 0 WORIES JOHN 5.00 X 0 0 0 NELSON KATHLEEN 40.00 X 154516 0 39500 MAZOROL PATRICK 40.00 X 153597 0 39337 CROMBIE RICHARD 40.00 X 114084 0 28688 PETERSON RICHARD 40.00 X 118470 0 29607 LINDVALL SHERIE 40.00 X 121080 0 31057 LALUZERNE JOSEPH 40.00 X 134200 0 35769 DOYLE WILLIAM 40.00 X 105427 0 27757 1090667 0 332873 11 0 1 0 SODEXHO INC 3900 BETHEL DR ST PAUL MN 55112 FOOD SERVICE MANAGEMENT 5566670 MA MORTENSON CONSTRUCTION 700 MEADOW LN N MINNEAPOLIS MN 55440 CONSTRUCTION 1168569 SCHULTZWARD INC 411 WASHINGTON AVE N MINNEAPOLIS MN 55402 ADVERTISING AND MARKETING 612884 LEGACY BUILDING SERVICES 2505 CONGRESS ST SAN DIEGO CA 92110 CONSTRUCTION CONTRACTOR 359991 ROYALL & COMPANY 1920 E PARHAM RD RICHMOND VA 23228 ADMISSIONS SERVICES 328634 25 5840 26844 139447 2008129 7634303 318263 9814563 TUITION & FEES 611600 102364488 102364488 AUXILIARY SERVICES 611710 19701951 19701951 STUDENT PROGRAMS 611710 972251 972251 123038690 1301375 1301375 21913410 20604701 1308709 1308709 1308709 18080 26844 24806 -6726 -6726 OTHER REVENUE 900099 3856222 144681 3711541 3856222 139312833 123038690 144681 6314899 401791 401791 30642729 30642729 707317 62065 385587 259665 45328335 32462092 11864064 1002179 5210852 3724732 1368109 118011 8727157 4375158 4221496 130503 3087482 2188438 817668 81376 205069 181294 23775 58167 58167 125960 125960 1008922 614995 393927 2848189 269686 2418663 159840 4437755 2659248 1612445 166062 195717 66834 128883 3884078 1642600 2241478 4130189 3579242 441471 109476 303580 97289 153922 52369 2689037 24623 2664414 4676793 4354094 322699 1007127 1007127 BOARD AND CATERING CHAR 6084428 6084428 IMPROVEMENTS 4659971 1495384 3151722 12865 MISCELLANEOUS 2140307 2698560 -625239 66986 COST OF GOODS SOLD 1620988 1620988 134181940 99064976 32933857 2183107 -1368943 13038000 13370458 173006 1154918 3638928 4200285 882286 1032598 1915256 1788790 165951882 68216336 98308156 97735546 34180439 28739553 6648927 10409034 3135635 2913551 160711142 161185281 7038586 7020009 2237898 2229789 1705277 1549346 44000000 44000000 67791 18188 29171206 45251677 84220758 100069009 X 33768978 19483948 18202183 16467460 24519223 25164864 76490384 61116272 160711142 161185281 X 5130893 -20505006 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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 0.00000 0.87160 0.12840 0 1 1 1355256 1355256 130376892 41249864 89127028 6838095 5611936 1226159 27381639 21354536 6027103 97735546 OTHER INVESTMENTS 10409034 F 10409034 GIFT ANNUITY CONTRACTS 3451959 PENSION LIABILITY 40329536 POSTRETIREMENT BENEFITS LIABILITY 416263 LIABILITY FOR SELF-INSURANCE 756226 OTHER LIABILITIES 297693 45251677 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: ENDOWMENT FUNDS ARE USED TO PROVIDE SCHOLARSHIPS AS WELL AS TO SUPPORT PROGRAMS AND OPERATIONS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: BETHEL HAS RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE INDICATING IT IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS SUBJECT TO FEDERAL INCOME TAX ONLY ON NET UNRELATED BUSINESS INCOME. CONTRIBUTIONS ARE ALSO TAX DEDUCTIBLE. BETHEL HAS NO OBLIGATION FOR UNRELATED BUSINESS INCOME TAX. ACCORDINGLY, NO PROVISIONS FOR FEDERAL OR STATE INCOME TAXES ARE REQUIRED. BETHEL HAS ADOPTED ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBES A RECOGNITION THRESHOLD 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. THE IMPLEMENTATION OF THIS STANDARD HAD NO IMPACT ON BETHEL'S FINANCIAL STATEMENTS. BETHEL'S TAX RETURNS ARE OPEN TO EXAMINATIONS FOR THE YEARS 2009 THROUGH 2011. 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 THE POLICY IS PUBLISHED ON THE UNIVERSITY'S WEBSITE AND IN EMPLOYMENT, ADMISSIONS, AND REGISTRATION MATERIALS. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES FEDERAL AND STATE FUNDS FOR THE PURPOSE OF GRANTS AND WORKSTUDY. CENTRAL AMERICA & CARIBBEAN 0 0 PROGRAM SERVICES STUDY ABROAD 405016 EAST ASIA & THE PACIFIC 0 0 PROGRAM SERVICES STUDY ABROAD 43371 EUROPE 0 0 PROGRAM SERVICES STUDY ABROAD 1559735 MIDDLE EAST & NORTH AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD 159125 SOUTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD 96586 SOUTH ASIA 0 0 PROGRAM SERVICES STUDY ABROAD 63307 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD 202227 CENTRAL AMERICA & CARIBBEAN INVESTMENTS 7939573 0 0 0 0 0 0 10468940 0 10468940 1 0 0 0 0 0 BETHEL GOLF CLASSIC 44924 26844 18080 5158 10533 5135 3980 44924 26844 18080 5158 10533 5135 3980 24806 -6726 1 BETHEL UNIVERSITY FOUNDATION 3900 BETHEL DRIVE ST PAUL MN 55112 237094836 501(C)(3) 0 401791 FMV OFFICE SPACE AND ASSOCIATED OPERATING COSTS GENERAL SUPPORT 1 0 SCHOLARSHIPS & FINANCIAL AID 4860 30642729 0 N/A N/A PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE OFFICE OF FINANCIAL AID MONITORS THE ELIGIBILITY AND AWARDING OF SCHOLARSHIPS AND FINANCIAL AID TO STUDENTS BY REVIEWING STUDENT NEED BASED ON THE FAFSA REPORT, AWARDING BASED ON PRE-DETERMINED AID CRITERIA, AND MONITORING THE STUDENT STATUS EACH TERM. X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 BARNES JAMES 189293 0 0 0 0 0 24114 0 77044 0 290451 0 0 0 NELSON KATHLEEN 154516 0 0 0 0 0 15667 0 23833 0 194016 0 0 0 MAZOROL PATRICK 153597 0 0 0 0 0 15603 0 23734 0 192934 0 0 0 LINDVALL SHERIE 121080 0 0 0 0 0 12317 0 18740 0 152137 0 0 0 LALUZERNE JOSEPH 134200 0 0 0 0 0 14187 0 21582 0 169969 0 0 0 PART I, LINE 1A DISCRETIONARY SPENDING ACCOUNT: JAMES BARNES - $2,000 - NOT INCLUDIBLE IN TAXABLE COMPENSATION HOUSING ALLOWANCE: JAMES BARNES - $40,350 - NOT INCLUDIBLE IN TAXABLE COMPENSATION SOCIAL CLUB DUES: JAMES BARNES - $1,026 - NOT INCLUDIBLE IN TAXABLE COMPENSATION MN HIGHER EDUCATION FACILITIES AUTHORITY 410988525 60416HLD4 2007-08-02 43541514 CONSTRUCTION & BOND RETIREMENT 0 0 0 43541514 1147501 27828161 679875 13885976 2009 1 1 1 1 0 0 0 0 1 0 0 0 0 0 0 X 3293 FAIR MARKET VALUE X 1 18100 FAIR MARKET VALUE X 18 278701 STOCK MARKET QUOTES X AUCTION ITEMS 35 7313 FAIR MARKET VALUE X MUSICAL INSTRUMENTS 1 4000 FAIR MARKET VALUE X OFFICE FURNITURE 1 1856 FAIR MARKET VALUE X MISCELLANEOUS 6 5000 FAIR MARKET VALUE 0 0 1 1 THIRD PARTY USE: PART I, LINE 32B: THE UNIVERSITY USES A BROKERAGE FIRM TO PROCESS AND SELL STOCK CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 1 THE UNIVERSITY'S EXECUTIVE COMMITTEE IS COMPRISED OF THE BOARD CHAIR, VICE CHAIR, SECRETARY, TREASURER, ASSISTANT SECRETARY AND OTHER TRUSTEES AS SELECTED BY THE BOARD. THE EXECUTIVE COMMITTEE HAS THE POWER AND AUTHORITY TO ACT AS DELEGATED BETWEEN BOARD MEETINGS. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE UNIVERSITY INCLUDE REGULARLY ORGANIZED BAPTIST CHURCHES WHICH ARE MEMBERS IN GOOD STANDING OF THE BAPTIST GENERAL CONFERENCE (BGC). ELECTED DELEGATES OF MEMBER CHURCHES, REGULARLY ELECTED MEMBERS OF THE BGC BOARD, THE PRESIDENT OF THE CONFERENCE, THE OFFICERS OF THE BIENNIAL ASSEMBLY OF THE CONFERENCE, THE CHIEF ADMINISTRATIVE OFFICER OF EACH CONFERENCE DISTRICT, THE PRESIDENT AND CHIEF ACADEMIC OFFICERS OF BETHEL UNIVERSITY, THE MEMBERS OF THE BOARD OF TRUSTEES OF BETHEL UNIVERSITY, AND THE DULY CONFIRMED FULL TIME FACULTY MEMBERS OF BETHEL SEMINARY SERVE AS DELEGATES TO THE BIENNIAL ASSEMBLY OF THE UNIVERSITY WITH VOICE AND VOTE. FORM 990, PART VI, SECTION A, LINE 7A A MAJORITY OF THE UNIVERSITY'S BOARD OF TRUSTEES ARE ELECTED BY THE DELEGATES AT THE BIENNIAL ASSEMBLY. ADDITIONAL BOARD TRUSTEES MAY BE APPOINTED BY THE BOARD OF TRUSTEES SUBJECT TO CONFIRMATION BY THE DELEGATES AT THE BIENNIAL ASSEMBLY. TWO REPRESENTATIVES OF THE DISTRICT EXECUTIVE MINISTERS COUNCIL ARE APPOINTED BY THE BOARD OF THE COUNCIL. THE PRESIDENT OF THE BAPTIST GENERAL CONFERENCE AND THE PRESIDENT OF THE UNIVERSITY SERVE AS EX-OFFICIO MEMBERS OF THE BOARD OF TRUSTEES WITH VOTING RIGHTS. FORM 990, PART VI, SECTION A, LINE 7B AMENDMENTS TO THE UNIVERSITY'S GOVERNING DOCUMENTS, ITS AFFIRMATION OF FAITH, ELECTION AND/OR CONFIRMATION OF BOARD MEMBERS, ELECTION OF A PRESIDENT, CONFIRMATION OF THE PROVOST AND FULL TIME TEACHERS IN THE SEMINARY ARE SUBJECT TO APPROVAL BY THE DELEGATES OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11 THE PUBLIC INSPECTION COPY OF THE FORM 990 WAS ELECTRONICALLY PROVIDED FOR REVIEW TO ALL BOARD MEMBERS, INCLUDING THE AUDIT COMMITTEE, PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY'S CONFLICT OF INTEREST POLICY APPLIES TO TRUSTEES, GOVERNORS, OFFICERS, AND EMPLOYEES WHO INFLUENCE THE ACTIONS OF THE ORGANIZATION OR MAKE COMMITMENTS ON ITS BEHALF. ALL TRUSTEES, GOVERNORS AND OFFICERS ARE REQUIRED TO COMPLETE AND SIGN AN ANNUAL DISCLOSURE FORM. ALL INDIVIDUALS ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST BEFORE A TRANSACTION IS CONSUMMATED. IF IT IS NOT CLEAR WHETHER AN EMPLOYEE HAS A CONFLICT, THE DECISION IS MADE BY THE RELEVANT SUPERVISOR - THE BOARD CHAIR, DEPARTMENT CHAIR, DEAN, VICE PRESIDENT OR PROVOST. IN THE CASE OF TRUSTEES, THE DECISION IS MADE BY THE BOARD OF TRUSTEES. AN INDIVIDUAL WITH A POTENTIAL CONFLICT ABSTAINS FROM VOTING ON THE MATTER AND WITHDRAWS FROM ANY RELEVANT DISCUSSION. THE BOARD OF TRUSTEES VOTES ON WHETHER THE TRANSACTION IS JUST, FAIR AND REASONABLE TO THE ORGANIZATION. THE MINUTES OF THE MEETING OF THE BOARD OR COMMITTEE SHALL REFLECT THE CONLFICT OF INTEREST WAS DISCLOSED AND THAT THE INTERESTED INDIVIDUAL WAS NOT PRESENT DURING THE FINAL DISCUSSION OR VOTE AND DID NOT VOTE. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE PRESIDENT, OTHER OFFICERS, AND KEY EMPLOYEES IS DETERMINED BY THE COMPENSATION AND PERFORMANCE COMMITTEE OF THE BOARD OF TRUSTEES IN ACCORDANCE WITH ITS EXECUTIVE COMPENSATION POLICY, REVIEWING BENCHMARK DATA, UTILIZING THE METHODOLOGY OF THE REBUTTABLE PRESUMPTION OF REASONABLENESS TEST ESTABLISHED BY THE IRS, USING COMPENSATION ADVISERS, AND REVIEWING THE INDIVIDUALS PERFORMANCE. THE COMPENSATION OF J BARNES, K NELSON, P MAZOROL, S LINDVALL, AND J LALUZERNE WAS REVIEWED IN 2011. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE 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: -4,130,329. CHANGE IN GIFT ANNUITIES 135,866. CHANGE IN PENSION LIABILITY -16,510,543. TOTAL TO FORM 990, PART XI, LINE 5: -20,505,006. BETHEL UNIVERSITY FOUNDATION 3900 BETHEL DRIVE ST PAUL MN 55112 237094836 FINANCIAL MANAGEMENT OF ENDOWMENTS AND TRUST ACCOUNTS FOR BETHEL UNIVERSITY MN 501(C)(3) LINE 7 BETHEL UNIVERSITY 1 0 0 1 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 BETHEL UNIVERSITY FOUNDATION K 401791 FMV