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.
-
501(C)(3) · RELIGIOUS NOT FOR PROFIT · MN
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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