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Nonprofiteer
← BETHEL COLLEGE

Form 990 for tax year 2022

Filed by BETHEL COLLEGE.

Totals

Total revenue
$6,642,099
Total expenses
$6,283,019
Contributions and grants received
$85,898
Grants paid
$1,142,756
Program service revenue
$6,502,201
Investment income
$0
Other revenue
$54,000
Total assets, end of year
$2,063,161
Total liabilities, end of year
$1,510,888
Net assets or fund balances, end of year
$552,273
Program services expenses (Part IX)
$4,079,260
Management and general expenses
$2,193,759
Fundraising expenses
$10,000
Program service expenses (Part III)
$4,079,260

Program services were 64.9% 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.

  • 1d · Related organizations

    $85,898

  • 2a · Program service revenue: TUITION

    total $6,502,201 · related or exempt $6,502,201

  • 11a · Other revenue: OTHER INCOME

    total $54,000 · related or exempt $54,000

  • 11e · Other revenue, total

    $54,000

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $1,142,756 · program services $1,142,756

  • 7 · Other salaries and wages

    total $3,487,215 · program services $2,441,927 · management and general $1,035,288 · fundraising $10,000

  • 11g · Fees: other

    total $217,923 · program services $64,985 · management and general $152,938

  • 12 · Advertising and promotion

    total $637,751 · management and general $637,751

  • 13 · Office expenses

    total $10,066 · program services $6,803 · management and general $3,263

  • 14 · Information technology

    total $150,316 · program services $92,165 · management and general $58,151

  • 16 · Occupancy

    total $127,125 · program services $67,901 · management and general $59,224

  • 17 · Travel

    total $86,582 · program services $741 · management and general $85,841

  • 19 · Conferences, conventions and meetings

    total $10,866 · program services $5,775 · management and general $5,091

  • 22 · Depreciation, depletion and amortization

    total $67,852 · program services $39,251 · management and general $28,601

  • 23 · Insurance

    total $36,323 · program services $21 · management and general $36,302

  • 24a · Other expenses: CURRICULUM & EDUCATIONAL

    total $123,120 · program services $123,120

  • 24b · Other expenses: DUES, LICENSES AND FEES

    total $54,227 · program services $240 · management and general $53,987

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $44,329 · program services $34,579 · management and general $9,750

  • 24d · Other expenses: EQUIPMENT EXPENSES

    total $27,637 · program services $15,537 · management and general $12,100

  • 24e · All other expenses

    total $58,931 · program services $43,459 · management and general $15,472

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $893,082 · end of year $1,121,902

  • 4 · Accounts receivable

    beginning of year $253,391 · end of year $602,068

  • 9 · Prepaid expenses and deferred charges

    beginning of year $101,939 · end of year $82,312

  • 10c · Land, buildings and equipment, net

    beginning of year $42,687

  • 14 · Intangible assets

    beginning of year $18,733 · end of year $7,493

  • 15 · Other assets

    beginning of year $74,505 · end of year $249,386

  • 17 · Accounts payable and accrued expenses

    beginning of year $305,301 · end of year $415,809

  • 19 · Deferred revenue

    beginning of year $882,593 · end of year $1,095,079

  • 22 · Loans and payables to officers and key people

    beginning of year $3,250

  • 27 · Net assets without donor restrictions

    beginning of year $193,193 · end of year $524,823

  • 28 · Net assets with donor restrictions

    end of year $27,450

Mission and programs · 2022

Mission

THE COLLEGE'S PURPOSE IS TO PROPAGATE THE GOSPEL OF JESUS CHRIST IN ACCORDANCE WITH THE HOLY BIBLE IN CUSTOMS AND TRADITIONS OF EVANGELICAL PENTECOSTAL CHRISTIANITY.

  • THE COLLEGE INCLUDES BETHEL SCHOOL OF TECHNOLOGY, BETHEL CONSERVATORY OF THE ARTS, AND BETHEL MUSIC COLLEGE. THE CONSERVATORY IS A SCHOOL THAT COMBINES KINGDOM VALUES WITH FILM, DANCE, AND THEATER TRAINING. THE TECHNOLOGY SCHOOL IS AN ONLINE CODING SCHOOL FOR ADULTS DEDICATED TO HELPING STUDENTS CULTIVATE AN AWARENESS OF THE PRESENCE OF GOD IN THEIR DAILY LIVES AND IN THE WORKPLACE. THE MUSIC SCHOOL IS AN ONLINE PROGRAM DESIGNED TO EQUIP WORSHIP LEADERS, SONG WRITERS, AND MUSIC STUDENTS WITH TECHNICAL SKILLS AND BIBLICAL FOUNDATIONS.

    Expenses $4,079,260 · Grants $1,142,756 · Revenue $6,556,201

As filed on the 2022 return.

Listed in Part VII

  • KRIS VALLOTTON

    CHANCELLOR/C

    Total calculated
    $233,533
    From this org
    $0
    From related orgs
    $117,697
    Other
    $115,836
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    not reported + $117,697 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $18,161 related
    Nontaxable benefits
    not reported + $97,675 related
    Filer's total
    not reported + $233,533 related

  • RYAN COLLINS

    CEO

    Total calculated
    $191,258
    From this org
    $0
    From related orgs
    $175,688
    Other
    $15,570
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    not reported + $175,688 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $15,570 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $191,258 related

  • DANN FARRELLY

    BOARD MEMBER

    Total calculated
    $181,882
    From this org
    $0
    From related orgs
    $113,025
    Other
    $68,857
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    not reported + $113,025 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $26,377 related
    Nontaxable benefits
    not reported + $42,480 related
    Filer's total
    not reported + $181,882 related

  • CHARLIE HARPER

    SECRETARY

    Total calculated
    $131,532
    From this org
    $0
    From related orgs
    $64,207
    Other
    $67,325
    Hours/week
    0.5 + 5 related

  • KRISTI MCCRACKEN

    TREASURER

    Total calculated
    $125,015
    From this org
    $0
    From related orgs
    $114,146
    Other
    $10,869
    Hours/week
    5 + 35 related

  • STEVE MOORE

    BOARD MEMBER

    Total calculated
    $73,390
    From this org
    $0
    From related orgs
    $73,390
    Other
    $0
    Hours/week
    0.25 + 39.75 related

  • JULIE DYAR

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • DR JOHN JACKSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JULIE WINTERS NP

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • BRENDAN WOVCHKO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

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 · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Written employment contract
  • 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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
20 December 2023
IRS schema version
2022v5.0
Source object
202333559349300218

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