Skip to content
Nonprofiteer
← BELLIN COLLEGE INC

Form 990 for tax year 2023

Filed by BELLIN COLLEGE INC.

Totals

Total revenue
$17,396,899
Total expenses
$18,552,634
Contributions and grants received
$1,738,480
Grants paid
$2,481,456
Program service revenue
$13,462,994
Investment income
$2,163,919
Other revenue
$31,506
Total assets, end of year
$53,437,463
Total liabilities, end of year
$17,035,416
Net assets or fund balances, end of year
$36,402,047
Program services expenses (Part IX)
$15,040,567
Management and general expenses
$3,311,765
Fundraising expenses
$200,302
Program service expenses (Part III)
$15,040,567

Program services were 81.1% 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.

  • 1c · Fundraising events

    $24,805

  • 1d · Related organizations

    $119,759

  • 1f · All other contributions, gifts and grants

    $1,593,916

  • 1g · Noncash contributions included above

    $5,656

  • 2a · Program service revenue: STUDENT TUTIION & FEES

    total $12,892,176 · related or exempt $12,892,176

  • 2b · Program service revenue: LIBRARY

    total $416,373 · excluded $416,373

  • 2c · Program service revenue: RENTAL REVENUE

    total $71,431 · related or exempt $71,431

  • 2f · All other program service revenue

    total $83,014 · excluded $83,014

  • 3 · Investment income

    total $864,209 · excluded $864,209

  • 6a · Gross rents

    real property $350

  • 6b · Less rental expenses

    real property $4

  • 6c · Rental income or loss

    real property $346

  • 6d · Net rental income or loss

    total $346 · excluded $346

  • 7a · Gross sales of assets other than inventory

    securities $12,046,594

  • 7b · Less cost or other basis and sales expenses

    securities $10,746,884

  • 7c · Gain or loss

    securities $1,299,710

  • 7d · Net gain or loss

    total $1,299,710 · excluded $1,299,710

  • 8a · Fundraising events: gross income

    $86,621

  • 8a · Fundraising events: contributions included on line 1c

    $24,805

  • 8b · Fundraising events: direct expenses

    $55,461

  • 8c · Net income from fundraising events

    total $31,160 · excluded $31,160

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $2,481,456 · program services $2,481,456

  • 5 · Compensation of officers, directors and key employees

    total $422,795 · management and general $422,795

  • 7 · Other salaries and wages

    total $8,602,567 · program services $7,508,058 · management and general $1,000,909 · fundraising $93,600

  • 8 · Pension plan contributions

    total $436,491 · program services $373,681 · management and general $56,748 · fundraising $6,062

  • 9 · Other employee benefits

    total $1,078,370 · program services $900,895 · management and general $162,861 · fundraising $14,614

  • 10 · Payroll taxes

    total $445,231 · program services $361,441 · management and general $77,927 · fundraising $5,863

  • 11b · Fees: legal

    total $3,817 · management and general $3,817

  • 11c · Fees: accounting

    total $74,809 · management and general $74,809

  • 11f · Fees: investment management

    total $106,633 · management and general $106,633

  • 11g · Fees: other

    total $554,867 · program services $421,197 · management and general $133,670

  • 12 · Advertising and promotion

    total $508,156 · management and general $508,156

  • 13 · Office expenses

    total $1,143,507 · program services $947,278 · management and general $158,272 · fundraising $37,957

  • 14 · Information technology

    total $337,277 · program services $28,919 · management and general $308,358

  • 16 · Occupancy

    total $188,764 · program services $188,764

  • 17 · Travel

    total $83,540 · program services $77,671 · management and general $5,264 · fundraising $605

  • 19 · Conferences, conventions and meetings

    total $93,968 · program services $45,150 · management and general $7,217 · fundraising $41,601

  • 20 · Interest

    total $155,233 · management and general $155,233

  • 22 · Depreciation, depletion and amortization

    total $1,403,457 · program services $1,403,457

  • 23 · Insurance

    total $47,726 · program services $1,385 · management and general $46,341

  • 24a · Other expenses: GRADUATION & EVENTS

    total $118,103 · program services $118,103

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $91,456 · program services $20,160 · management and general $71,296

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $1,332 · management and general $1,332

  • 24e · All other expenses

    total $173,079 · program services $162,952 · management and general $10,127

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $169,720 · end of year $21,100

  • 2 · Savings and temporary cash investments

    beginning of year $1,571,386 · end of year $3,392,192

  • 3 · Pledges and grants receivable

    beginning of year $5,460,848 · end of year $5,031,017

  • 4 · Accounts receivable

    beginning of year $161,757 · end of year $117,233

  • 9 · Prepaid expenses and deferred charges

    beginning of year $420,469 · end of year $466,781

  • 10a · Land, buildings and equipment: cost or other basis

    $27,641,657

  • 10b · Land, buildings and equipment: accumulated depreciation

    $13,835,399

  • 10c · Land, buildings and equipment, net

    beginning of year $14,783,154 · end of year $13,806,258

  • 11 · Investments: publicly traded securities

    beginning of year $27,598,035 · end of year $30,533,284

  • 15 · Other assets

    beginning of year $57,035 · end of year $69,598

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,385,279 · end of year $1,295,589

  • 19 · Deferred revenue

    beginning of year $767,339 · end of year $878,217

  • 20 · Tax-exempt bond liabilities

    beginning of year $5,361,734 · end of year $4,826,376

  • 25 · Other liabilities

    beginning of year $6,100,271 · end of year $10,035,234

  • 27 · Net assets without donor restrictions

    beginning of year $14,374,759 · end of year $13,240,510

  • 28 · Net assets with donor restrictions

    beginning of year $22,233,022 · end of year $23,161,537

Mission and programs · 2023

Mission

BELLIN COLLEGE IS DEDICATED TO EDUCATING HEALTHCARE PROFESSIONALS THROUGH INNOVATION, LEADERSHIP, AND SERVICE THAT PROMOTES LIFELONG LEARNING AND EXCELLENCE.

Activities or mission (Part I)

BELLIN COLLEGE, INC. IS A NONSTOCK, NONPROFIT TEACHING INSTITUTION FOR STUDENTS PURSUING SELECT HEALTH SCIENCE DEGREES. THE PURPOSE OF THE ORGANIZATION IS TO PLAN, ORGANIZE, IMPLEMENT, AND EVALUATE THE PROGRAMS IT OFFERS IN ACCORDANCE WITH THE COLLEGE MISSION STATEMENT, RULES AND REGULATIONS OF THE STATE BOARDS, AND THE CRITERIA OF THE ACCREDITING BODIES. THE COLLEGE GRADUATED STUDENTS WITH THEIR BACHELOR OF SCIENCE NURSING DEGREE, BACHELOR OF RADIOLOGICAL SCIENCE DEGREE, BACHELOR OF SCIENCE IN DIAGNOSTIC MEDICAL SONOGRAPHY, BACHELOR OF SCIENCE IN RADIATION THERAPY, BACHELOR OF SCIENCE IN SURGICAL ASSISTING, MASTER'S IN NURSING, DOCTOR OF NURSING PRACTICE, AND DOCTOR OF SCIENCE IN PHYSICAL THERAPY DEGREE DURING THE YEAR.

  • BELLIN COLLEGE, INC. IS DEDICATED TO EDUCATING AND GRADUATING HEALTHCARE PROFESSIONALS. THE COLLEGE IS AN INDEPENDENT, ACCREDITED, COEDUCATIONAL BACCALAUREATE, MASTERS, AND DOCTORATE DEGREE GRANTING INSTITUTION. OUR GRADUATES ARE PREPARED TO ADDRESS THE HEALTHCARE NEEDS OF A DIVERSE, GLOBAL SOCIETY AND ITS INDIVIDUALS, AND ARE COMMITTED TO ADVANCING THE PROFESSION. THE COLLEGE GRADUATED 175 STUDENTS DURING THE YEAR.

    Expenses $15,040,567 · Grants $2,481,456 · Revenue $12,963,607

As filed on the 2023 return.

Listed in Part VII

  • Chris Woleske

    BOARD MEMBER/CEO-BELLIN MEM. HOSP.

    Total calculated
    $1,805,618
    From this org
    $0
    From related orgs
    $1,775,439
    Other
    $30,179
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,133,106 related
    Bonus
    $0 + $634,883 related
    Other
    $0 + $7,450 related
    Deferred
    $0 + $18,846 related
    Nontaxable benefits
    $0 + $11,333 related
    Filer's total
    $0 + $1,805,618 related

  • Mike Van Asten

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Brannon Guyette

    BOARD MEMBER/VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Karen Brukardt

    VICE CHAIR/SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Mark Higgins

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Luellen Oskey

    SECRETARY/BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Deborah Breunig

    MEMBER AT LARGE/BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Terry Fulwiler

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    1

  • Robert Clausen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Eliot Elfner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Brannon Guyette

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Laura Hieb

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kathryn Hasselblad Pascale

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Thomas Prust

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Donald Salmon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Frederic Schmidt

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Cory Spice

    BOARD MEMBER (THRU 12/23)

    Total calculated
    $0
    Hours/week
    1

  • Matthew Wild

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Connie J Boerst

    PRESIDENT/CEO

    Total calculated
    $331,030
    From this org
    $283,111
    From related orgs
    $0
    Other
    $47,919
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $247,337
    Bonus
    $35,000
    Other
    $774
    Deferred
    $17,913
    Nontaxable benefits
    $30,006
    Filer's total
    $331,030

  • Ginger Krummen Schraven

    VP OF BUSINESS AND FINANCE

    Total calculated
    $112,303
    From this org
    $104,269
    From related orgs
    $0
    Other
    $8,034
    Hours/week
    40

  • Mark A Bake

    CHIEF ACADEMIC OFFICER

    Total calculated
    $188,115
    From this org
    $147,842
    From related orgs
    $0
    Other
    $40,273
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $138,813
    Bonus
    $0
    Other
    $9,029
    Deferred
    $10,825
    Nontaxable benefits
    $29,448
    Filer's total
    $188,115

  • Eric J Chaconas

    ASSOCIATE DEAN OF PHYSICAL THERAPY

    Total calculated
    $181,811
    From this org
    $144,543
    From related orgs
    $0
    Other
    $37,268
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,785
    Bonus
    $0
    Other
    $3,758
    Deferred
    $10,534
    Nontaxable benefits
    $26,734
    Filer's total
    $181,811

  • Lori Kulju

    GRADUATE NURSING PROGRAM DIRECTOR

    Total calculated
    $165,313
    From this org
    $135,949
    From related orgs
    $0
    Other
    $29,364
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,781
    Bonus
    $0
    Other
    $1,168
    Deferred
    $20,794
    Nontaxable benefits
    $8,570
    Filer's total
    $165,313

  • Mark H Shepherd

    PROGRAM DIRECTOR-ORTHO MANUAL P.T.

    Total calculated
    $139,184
    From this org
    $129,261
    From related orgs
    $0
    Other
    $9,923
    Hours/week
    40

  • Matthew Rentmeester

    VP OF MARKETING AND COMMUNICATION

    Total calculated
    $119,780
    From this org
    $111,234
    From related orgs
    $0
    Other
    $8,546
    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

  • 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 3
FOR THE COMPENSATION FROM A RELATED PARTY LISTED IN PART II, THE ORGANIZATION'S RELATED PARTY BELLIN MEMORIAL HOSPITAL UTILIZES THE FOLLOWING IN DETERMINING: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - WRITTEN EMPLOYMENT CONTRACT - APPROVAL BY THE BOARD AND 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

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.

  • BEL-REGIONAL HOME MEDICAL INC

    C · DURABLE MEDICAL EQUIPMENT, RETAIL PHARMACY, FITNESS · WI

  • GUNDERSEN LUTHERAN INVISION LLC

    C · RENEWABLE ENERGY · WI

  • GUNDERSEN EDGE LLC

    C · INNOVATION · WI

Provenance

Return type
form_990
Tax year
2023
Filed
17 March 2025
IRS schema version
2023v6.0
Source object
202540789349300534

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.