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Nonprofiteer
← BETHANY LUTHERAN COLLEGE & SEMINARY INC

Form 990 for tax year 2023

Filed by BETHANY LUTHERAN COLLEGE & SEMINARY INC.

Totals

Total revenue
$37,072,690
Total expenses
$36,027,334
Contributions and grants received
$8,275,280
Grants paid
$10,786,036
Program service revenue
$26,910,977
Investment income
$1,651,106
Other revenue
$235,327
Total assets, end of year
$117,307,373
Total liabilities, end of year
$24,325,197
Net assets or fund balances, end of year
$92,982,176
Program services expenses (Part IX)
$31,941,761
Management and general expenses
$3,057,633
Fundraising expenses
$1,027,940
Program service expenses (Part III)
$31,941,761

Program services were 88.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • REV MARK BARTELS

    CHAIRMAN-BOARD OF REGENTS

    Total calculated
    $0
    Hours/week
    1
  • REV DAVID THOMPSON

    VICE-CHAIR-BOARD OF REGENT

    Total calculated
    $0
    Hours/week
    1
  • REV ALEXANDER RING

    SECRETARY-BOARD OF REGENTS

    Total calculated
    $0
    Hours/week
    1
  • MR DAVID SPARLEY

    MEMBER-BOARD OF REGENTS

    Total calculated
    $0
    Hours/week
    1
  • REV ERWIN EKHOFF

    MEMBER-BOARD OF REGENTS

    Total calculated
    $0
    Hours/week
    1
  • MR STEVEN DEPREY

    MEMBER-BOARD OF REGENTS

    Total calculated
    $0
    Hours/week
    1
  • DR JOSHUA MEARS

    MEMBER-BOARD OF REGENTS

    Total calculated
    $0
    Hours/week
    1
  • MR AARON FAUGSTAD

    MEMBER-BOARD OF REGENTS

    Total calculated
    $0
    Hours/week
    1
  • REV AARON FERKENSTAD

    MEMBER-BOARD OF REGENTS

    Total calculated
    $0
    Hours/week
    1
  • MR TIMOTHY ROEMHILDT

    MEMBER-BOARD OF REGENTS

    Total calculated
    $0
    Hours/week
    1
  • MR MARK MADSON

    MEMBER-BOARD OF REGENTS

    Total calculated
    $0
    Hours/week
    1
  • MR JOHN SCOTT

    MEMBER-BOARD OF REGENTS

    Total calculated
    $0
    Hours/week
    1
  • DR GENE R PFEIFER

    COLLEGE PRESIDENT

    Total calculated
    $248,566
    From this org
    $188,921
    From related orgs
    $0
    Other
    $59,645
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,705
    Bonus
    $0
    Other
    $2,216
    Deferred
    $23,053
    Nontaxable benefits
    $36,592
    Filer's total
    $248,566
  • DANIEL L MUNDAHL

    SENIOR VP OF FIN & ADMIN/TREASURER

    Total calculated
    $146,011
    From this org
    $124,394
    From related orgs
    $0
    Other
    $21,617
    Hours/week
    40
  • TIMOTHY HARTWIG

    SEMINARY PRESIDENT

    Total calculated
    $99,582
    From this org
    $66,820
    From related orgs
    $0
    Other
    $32,762
    Hours/week
    40
  • STACEY DAWLEY

    CONTROLLER/ASST. TREASURER

    Total calculated
    $74,626
    From this org
    $71,032
    From related orgs
    $0
    Other
    $3,594
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Travel for companions
  • 1a · Housing allowance or residence for personal use
  • 1a · Personal services (maid, chauffeur, chef)
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
TRAVEL FOR COMPANIONS - THE PRESIDENT'S WIFE TRAVELS WITH THE PRESIDENT ON SEVERAL DIFFERENT OCCASIONS. IT IS COUNTED AS PART OF HER DUTIES TO TRAVEL WITH THE PRESIDENT AS NEEDED. NOT INCLUDED IN TAXABLE COMPENSATION. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE AND PERSONAL SERVICES - THE PRESIDENT IS PROVIDED HOUSING AS PART OF HIS BENEFIT PACKAGE. MAID SERVICE IS PROVIDED FOR THE RESIDENCE. NOT INCLUDED IN TAXABLE COMPENSATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHARITABLE REMAINDER UNITRUST (3)

    T · CHARITABLE TRUST · MN · controlled entity

Provenance

Return type
form_990
Tax year
2023
Filed
29 April 2025
IRS schema version
2023v6.0
Source object
202541229349300144

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