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Nonprofiteer
← BETHEL UNIVERSITY FOUNDATION

Form 990 for tax year 2023

Filed by BETHEL UNIVERSITY FOUNDATION.

Totals

Total revenue
$2,208,040
Total expenses
$784,582
Contributions and grants received
$1,962,140
Grants paid
$765,900
Program service revenue
$0
Investment income
$238,363
Other revenue
$7,537
Total assets, end of year
$22,745,842
Total liabilities, end of year
$8,821,472
Net assets or fund balances, end of year
$13,924,370
Program services expenses (Part IX)
$765,900
Management and general expenses
$18,682
Fundraising expenses
$0
Program service expenses (Part III)
$765,900

Program services were 97.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • ROSS ALLEN

    EX-OFFICIO

    Total calculated
    $383,494
    From this org
    $0
    From related orgs
    $355,500
    Other
    $27,994
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $355,500 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,110 related
    Nontaxable benefits
    $0 + $20,884 related
    Filer's total
    $0 + $383,494 related
  • LESLIE CHAPMAN

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 5 related
  • BOB BRODIN

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • GAIL LUNDEEN

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • JODY KOBBERVIG

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • DAVID EDGERTON

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1
  • RACHELLE HOLM

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1
  • BRUCE JOHNSON

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1
  • LAURA MCKNIGHT

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1 + 5 related
  • BRIAN SALAMI

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1
  • PAUL TOMMERDAHL

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1
  • TIM DOTEN

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1
  • RACHEL KARSJENS

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1
  • DAVE MEYER

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1
  • ERIC SWANSON

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1
  • ANGELLA HJELLE

    EXECUTIVE DIRECTOR

    Total calculated
    $135,419
    From this org
    $0
    From related orgs
    $123,028
    Other
    $12,391
    Hours/week
    40
  • MARTIN ANDERSON

    CONTROLLER

    Total calculated
    $103,734
    From this org
    $0
    From related orgs
    $86,595
    Other
    $17,139
    Hours/week
    40
  • MARK HINTZ

    VP UNIVERSITY ADVANCEMENT

    Total calculated
    $64,763
    From this org
    $0
    From related orgs
    $53,983
    Other
    $10,780
    Hours/week
    1 + 40 related

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

None.

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 3
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, INCLUDING A COMPENSATION COMMITTEE, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

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

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 TRUSTS (31)

    T · INVESTMENT · MN · controlled entity

    Directly controlled by BETHEL UNIVERSITY FOUNDATION

  • REVOCABLE TRUSTS (4)

    T · INVESTMENT · MN

Provenance

Return type
form_990
Tax year
2023
Filed
6 March 2025
IRS schema version
2023v6.0
Source object
202510739349301401

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