Totals
- Total revenue
- $34,076,206
- Total expenses
- $39,994,259
- Contributions and grants received
- $4,169,166
- Grants paid
- $15,114,072
- Program service revenue
- $26,603,294
- Investment income
- $462,784
- Other revenue
- $2,840,962
- Total assets, end of year
- $85,102,571
- Total liabilities, end of year
- $50,935,191
- Net assets or fund balances, end of year
- $34,167,380
- Program services expenses (Part IX)
- $35,083,293
- Management and general expenses
- $4,030,493
- Fundraising expenses
- $880,473
- Program service expenses (Part III)
- $35,083,293
Program services were 87.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$731,336
-
1f · All other contributions, gifts and grants
$3,437,830
-
1g · Noncash contributions included above
$501,985
-
2a · Program service revenue: TUITION AND FEES
total $19,049,738 · related or exempt $19,049,738
-
2b · Program service revenue: AUXILIARY ENTERPRISES
total $7,292,416 · related or exempt $7,157,268 · unrelated business $135,148
-
2c · Program service revenue: OTHER PROGRAM SERVICES
total $261,140 · related or exempt $261,140
-
3 · Investment income
total $696,804 · excluded $696,804
-
5 · Royalties
total $2,851,263 · excluded $2,851,263
-
6a · Gross rents
real property $64,608
-
6b · Less rental expenses
real property $74,909
-
6c · Rental income or loss
real property -$10,301
-
6d · Net rental income or loss
total -$10,301 · unrelated business -$10,301
-
7a · Gross sales of assets other than inventory
securities $5,507,407 · other assets $4,500
-
7b · Less cost or other basis and sales expenses
securities $5,745,927 · other assets $0
-
7c · Gain or loss
securities -$238,520 · other assets $4,500
-
7d · Net gain or loss
total -$234,020 · excluded -$234,020
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $15,114,072 · program services $15,114,072
-
5 · Compensation of officers, directors and key employees
total $304,324 · management and general $164,676 · fundraising $139,648
-
7 · Other salaries and wages
total $7,592,949 · program services $6,722,025 · management and general $471,275 · fundraising $399,649
-
9 · Other employee benefits
total $1,526,716 · program services $1,405,932 · management and general $81,295 · fundraising $39,489
-
10 · Payroll taxes
total $605,450 · program services $475,682 · management and general $92,123 · fundraising $37,645
-
11b · Fees: legal
total $110,676 · program services $42,566 · management and general $68,110
-
11c · Fees: accounting
total $129,745 · management and general $129,745
-
11f · Fees: investment management
total $60,184 · management and general $60,184
-
11g · Fees: other
total $1,903,467 · program services $1,380,365 · management and general $515,642 · fundraising $7,460
-
12 · Advertising and promotion
total $89,748 · program services $20,107 · management and general $57,513 · fundraising $12,128
-
13 · Office expenses
total $650,526 · program services $375,759 · management and general $129,640 · fundraising $145,127
-
14 · Information technology
total $72,905 · program services $68,060 · management and general $666 · fundraising $4,179
-
16 · Occupancy
total $1,989,893 · program services $1,989,893
-
17 · Travel
total $454,729 · program services $424,905 · management and general $5,627 · fundraising $24,197
-
20 · Interest
total $1,141,567 · program services $776,265 · management and general $365,302
-
22 · Depreciation, depletion and amortization
total $1,865,548 · program services $1,305,884 · management and general $559,664
-
23 · Insurance
total $602,459 · program services $28,454 · management and general $574,005
-
24a · Other expenses: FOOD
total $2,274,756 · program services $2,274,756
-
24b · Other expenses: MAINTENANCE & REPAIRS
total $1,515,488 · program services $1,510,936 · management and general $4,552
-
24c · Other expenses: STUDENT ACTIVITIES
total $556,195 · program services $556,174 · fundraising $21
-
24d · Other expenses: BAD DEBT EXPENSE
total $549,605 · management and general $549,605
-
24e · All other expenses
total $883,257 · program services $611,458 · management and general $200,869 · fundraising $70,930
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $5,420,610 · end of year $1,463,493
-
3 · Pledges and grants receivable
beginning of year $2,390,458 · end of year $3,016,157
-
4 · Accounts receivable
beginning of year $1,224,393 · end of year $1,776,354
-
7 · Other notes and loans receivable
beginning of year $2,108,385 · end of year $1,943,309
-
8 · Inventories for sale or use
beginning of year $19,908 · end of year $19,908
-
9 · Prepaid expenses and deferred charges
beginning of year $265,791 · end of year $371,882
-
10a · Land, buildings and equipment: cost or other basis
$83,725,886
-
10b · Land, buildings and equipment: accumulated depreciation
$51,544,816
-
10c · Land, buildings and equipment, net
beginning of year $31,378,362 · end of year $32,181,070
-
11 · Investments: publicly traded securities
beginning of year $27,852,397 · end of year $26,693,610
-
12 · Investments: other securities
beginning of year $30,891,800 · end of year $16,454,171
-
15 · Other assets
beginning of year $2,342,733 · end of year $1,182,617
-
17 · Accounts payable and accrued expenses
beginning of year $3,466,796 · end of year $3,984,176
-
18 · Grants payable
beginning of year $3,233,089 · end of year $2,655,311
-
19 · Deferred revenue
beginning of year $385,155 · end of year $417,017
-
23 · Secured mortgages and notes payable
beginning of year $40,181,902 · end of year $41,607,420
-
25 · Other liabilities
beginning of year $2,915,257 · end of year $2,271,267
-
27 · Net assets without donor restrictions
beginning of year -$870,746 · end of year -$20,776,093
-
28 · Net assets with donor restrictions
beginning of year $54,583,384 · end of year $54,943,473
Mission and programs · 2022
Mission
TEACHING AND LEARNING FORM THE MISSION OF BETHANY COLLEGE. CENTRAL TO THIS IS PROVIDING A LIBERAL ARTS EDUCATION FOR STUDENTS, INCLUDING THE PREPARATION OF PROFESSIONALS, IN AN ATMOSPHERE OF STUDY, WORK, AND SERVICE.
Activities or mission (Part I)
TEACHING AND LEARNING FORM THE MISSION OF BETHANY COLLEGE.
-
INSTRUCTION - THE COLLEGE PROVIDES EDUCATIONAL SERVICES AND INSTRUCTIONS TO FULL AND PART TIME STUDENTS SEEKING A COLLEGE EDUCATION AND/OR DEGREE. SCHOLARSHIPS & FELLOWSHIPS - THE COLLEGE PROVIDES FINANCIAL ASSISTANCE TO STUDENTS EITHER BASED ON THEIR NEED OR ACADEMIC MERIT.
Expenses $27,376,038 · Grants $15,114,072 · Revenue $20,663,837
-
ACADEMIC SUPPORT AND OTHER STUDENT SERVICES RELATED PROGRAMS - SUPPORT ACTIVITIES THROUGH THE DEANS OF VARIOUS DIVISIONS, THE LIBRARY, AND AUDIO VISUAL SERVICES.
Expenses $7,707,255 · Revenue $5,804,309
As filed on the 2022 return.
Listed in Part VII
-
Jamie CaridiJAMIE CARIDI
INTERIM PRESIDENT
- Total calculated
- $0
- Hours/week
- 40
-
George M BadoGEORGE M BADO
BOARD CHAIRMAN
- Total calculated
- $0
- Hours/week
- 5
-
Jeff WodaJEFF WODA
BOARD VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 5
-
Carmina HughesCARMINA HUGHES
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Douglas GoinDOUGLAS GOIN
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Craig WilliamsCRAIG WILLIAMS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jhamal RobinsonJHAMAL ROBINSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Joyce JeffersonJOYCE JEFFERSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Georgiana RileyGEORGIANA RILEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Edward J SeeEDWARD J SEE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Logan HassigLOGAN HASSIG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Thaddaeus AllenTHADDAEUS ALLEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Donald WaugamanDONALD WAUGAMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Sean McBrideSEAN MCBRIDE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dean HaubrichDEAN HAUBRICH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Asa JohnsonASA JOHNSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Linda LewisLINDA LEWIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Janet A LongJANET A LONG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
G Daniel MartichG DANIEL MARTICH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Marie DeparisMARIE DEPARIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Fred M HarrisFRED M HARRIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
David SimsDAVID SIMS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Marsha SmithMARSHA SMITH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
John W MullenJOHN W MULLEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Arthur B Keys JrARTHUR B KEYS JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Kathy TuckerKATHY TUCKER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Pat HoseyPAT HOSEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Chris PayneCHRIS PAYNE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Gary KidwellGARY KIDWELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Gary NovakGARY NOVAK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth S AtholELIZABETH S ATHOL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Gregory B JordanGREGORY B JORDAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dean LesiakDEAN LESIAK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr Tamara Nichols RodenbergDR TAMARA NICHOLS RODENBERG
PRESIDENT (UNTIL 12/31/22)
- Total calculated
- $261,242
- From this org
- $235,125
- From related orgs
- $0
- Other
- $26,117
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $235,125
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $26,117
- Filer's total
- $261,242
-
Dennis E McMasterDENNIS E MCMASTER
CFO/VP OF FINANCE (UNTIL 10/3/22)
- Total calculated
- $171,419
- From this org
- $148,445
- From related orgs
- $0
- Other
- $22,974
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $148,445
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $22,974
- Filer's total
- $171,419
-
Susan HalulkoSUSAN HALULKO
CFO/VP OF FINANCE
- Total calculated
- $90,555
- From this org
- $73,857
- From related orgs
- $0
- Other
- $16,698
- Hours/week
- 40
-
Lori WeaverLORI WEAVER
DIRECTOR OF ADVANCEMENT
- Total calculated
- $165,722
- From this org
- $139,040
- From related orgs
- $0
- Other
- $26,682
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $139,040
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $26,682
- Filer's total
- $165,722
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 · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 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 EXPENSES FOR THE PRESIDENT'S SPOUSE ARE ONLY PROVIDED WHEN THE TRAVEL AND RELATED EVENTS REQUIRE THE PRESENCE OF HER SPOUSE FOR BUSINESS PURPOSES. AS SUCH, THESE ARE CONSIDERED TO BE NONTAXABLE. THE PRESIDENT RECEIVED HOUSING PROVIDED BY THE COLLEGE HOUSING IS CONSIDERED NONTAXABLE PURSUANT TO IRS SECTION 119 BECAUSE LIVING ON CAMPUS IS A REQUIREMENT OF EMPLOYMENT. THE SOCIAL CLUB MEMBERSHIP IS PROVIDED FOR BUSINESS PURPOSE USE. THE PRESIDENT REIMBURSES THE COLLEGE FOR ANY AND ALL INCIDENTAL PERSONAL USE. AS SUCH, THESE ARE CONSIDERED TO BE NONTAXABLE.
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.
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.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
BETHANY FOUNDATION LLC
TO SUPPORT BETHANY COLLEGE · WV
Directly controlled by BETHANY COLLEGE
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
CHARITABLE REMAINDER TRUSTS (4)
T · INVESTMENTS · PA · controlled entity
-
CHARITABLE TRUSTS (4)
T · INVESTMENTS · PA · controlled entity
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202411379349302566
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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