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Nonprofiteer
← BETHEL UNIVERSITY FOUNDATION

Form 990 for tax year 2022

Filed by BETHEL UNIVERSITY FOUNDATION.

Totals

Total revenue
$4,940,342
Total expenses
$791,645
Contributions and grants received
$4,661,359
Grants paid
$771,003
Program service revenue
$0
Investment income
$277,464
Other revenue
$1,519
Total assets, end of year
$23,520,243
Total liabilities, end of year
$9,149,085
Net assets or fund balances, end of year
$14,371,158
Program services expenses (Part IX)
$771,003
Management and general expenses
$20,642
Fundraising expenses
$0
Program service expenses (Part III)
$771,003

Program services were 97.4% 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
    $375,443
    From this org
    $0
    From related orgs
    $348,040
    Other
    $27,403
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $345,760 related
    Bonus
    $0
    Other
    $0 + $2,280 related
    Deferred
    $0 + $7,032 related
    Nontaxable benefits
    $0 + $20,371 related
    Filer's total
    $0 + $375,443 related
  • LINDA GOODWIN

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 5 related
  • JODY KOBBERVIG

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • BOB BRODIN

    GOVERNOR

    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
  • STEVEN LANDBERG

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1
  • CEDRIC LONG

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1
  • GAIL LUNDEEN

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1
  • LAURA MCKNIGHT

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1 + 5 related
  • DAVE MEYER

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1
  • BRIAN SALAMI

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1
  • PAUL TOMMERDAHL

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1
  • CHRIS WIENS

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1
  • BRENT WILDE

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1
  • TIM DOTEN

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1
  • ANGELLA HJELLE

    EXECUTIVE DIRECTOR

    Total calculated
    $132,280
    From this org
    $0
    From related orgs
    $119,047
    Other
    $13,233
    Hours/week
    40
  • MARTIN ANDERSON

    CONTROLLER

    Total calculated
    $94,309
    From this org
    $0
    From related orgs
    $81,904
    Other
    $12,405
    Hours/week
    40
  • JAMES BENDER

    VP UNIVERSITY ADVANCEMENT

    Total calculated
    $169,208
    From this org
    $0
    From related orgs
    $145,832
    Other
    $23,376
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $145,832 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $3,025 related
    Nontaxable benefits
    $0 + $20,351 related
    Filer's total
    $0 + $169,208 related
  • LESLIE CHAPMAN

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 5 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
2022
Filed
31 January 2024
IRS schema version
2022v5.0
Source object
202400329349300540

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