BETHANY LUTHERAN COLLEGE INC

EIN: 410747165 501(c)(3) Education

MANKATO, MN

Total Revenue
$36,287,765
Total Expenses
$35,498,756
Total Assets
$120,266,383
Net Assets
$97,127,448
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Financial Trends

Organization Details

Formation Year
1927
Legal Domicile
MN
Principal Officer
GENE R PFEIFER
Phone
5073447000
Tax Period
2024-07-01 to 2025-06-30

BETHANY LUTHERAN COLLEGE INC, founded in 1927, is a mid-sized nonprofit in the Education sector that reported $36.3M in total revenue in fiscal year 2024. Net assets of $97.1M represent 32 months of operating reserves.

Mission

BETHANY LUTHERAN COLLEGE PROVIDES CHRISTIAN HIGHER EDUCATION IN A CHALLENGING ACADEMIC ENVIRONMENT WHERE PERSONAL MENTORING GUIDES STUDENTS TO PURSUE KNOWLEDGE, TRUTH, AND DISCERNMENT FOR PRODUCTIVE AND FULFILLING LIVES.

Program Service Accomplishments

Program 1
Expenses: $19,450,149 Revenue: $21,125,744

INSTRUCTION: BETHANY LUTHERAN COLLEGE AWARDS THE BACHELOR OF ARTS & SCIENCE DEGREES WITH MAJORS IN MORE THAN 31 SUBJECT AREAS AND A MASTER OF DIVINITY AND A MASTER OF ARTS DEGREES. THE 2024-2025...

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INSTRUCTION: BETHANY LUTHERAN COLLEGE AWARDS THE BACHELOR OF ARTS & SCIENCE DEGREES WITH MAJORS IN MORE THAN 31 SUBJECT AREAS AND A MASTER OF DIVINITY AND A MASTER OF ARTS DEGREES. THE 2024-2025 ACADEMIC YEAR ENROLLMENT WAS 769 FULL TIME EQUIVALENT (FTE) STUDENTS IN THE FALL SEMESTER AND 689 FTE STUDENTS ENROLLED IN THE SPRING SEMESTER. OF THE TOTAL NUMBER OF STUDENTS ENROLLED IN 2024-2025 ACADEMIC YEAR, 161 MET THE REQUIREMENTS OF GRADUATION.

Program 2
Expenses: $8,836,010 Revenue: $40,474

STUDENT SERVICES & ACADEMIC SUPPORT: BETHANY BOASTS A LONG-STANDING COMMITMENT TO EDUCATING THE WHOLE PERSON BY NOURISHING THE INTELLECTUAL, SPIRITUAL, EMOTIONAL, SOCIAL AND PHYSICAL DIMENSIONS OF...

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STUDENT SERVICES & ACADEMIC SUPPORT: BETHANY BOASTS A LONG-STANDING COMMITMENT TO EDUCATING THE WHOLE PERSON BY NOURISHING THE INTELLECTUAL, SPIRITUAL, EMOTIONAL, SOCIAL AND PHYSICAL DIMENSIONS OF STUDENTS' LIVES. THE COLLEGE OFFERS A CURRICULUM THAT CHALLENGES STUDENTS TO THINK CRITICALLY AND EXPRESS THEMSELVES EFFECTIVELY, A CAMPUS LIFE THAT ENCOURAGES INVOLVEMENT AND SERVICE (OVER 25 STUDENT ORGANIZATIONS), A COMMUNITY OF FAITH THAT NURTURES SPIRITUAL GROWTH ANDDEVELOPS MORAL RESPONSIBILITY, AND CO-CURRICULAR ACTIVITIES THAT INSPIRE STUDENTS TO TEST THEIR OWN LIMITS AND EXPRESS THEIR INDIVIDUALITY.

Program 3
Expenses: $3,437,325 Revenue: $3,686,813

AUXILIARY ENTERPRISES AT BETHANY LUTHERAN COLLEGE PROVIDES FOUR RESIDENCE HALLS ON CAMPUS, ONE DINING VENUE, AND A SPIRIT STORE FOR STUDENTS, FACULTY AND STAFF. OF THE TOTAL STUDENT BODY, 62% OF...

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AUXILIARY ENTERPRISES AT BETHANY LUTHERAN COLLEGE PROVIDES FOUR RESIDENCE HALLS ON CAMPUS, ONE DINING VENUE, AND A SPIRIT STORE FOR STUDENTS, FACULTY AND STAFF. OF THE TOTAL STUDENT BODY, 62% OF ENROLLED STUDENTS LIVED ON-CAMPUS AND PARTICIPATED IN THE RESIDENT STUDENT BOARD PLAN. 385 STUDENTS RESIDED IN CAMPUS HOUSING IN THE 2024-2025 FALL SEMESTER AND 357 IN THE SPRING SEMESTER.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $7,584,615
Program Service Revenue $24,853,031
Investment Income $2,770,485
Other Revenue $1,079,634
TOTAL REVENUE $36,287,765

Expense Breakdown

Grants Paid $10,454,807
Salaries & Benefits $13,428,226
Fundraising Expenses $1,026,934
Program Expenses $31,723,484
Other Expenses $11,615,723
TOTAL EXPENSES $35,498,756

Year-over-Year Comparison

2024 2023 Change
Revenue $36,287,765 $37,072,690 0.0%
Expenses $35,498,756 $36,027,334 0.0%
Net Income $789,009 $1,045,356 -0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
14
Independent Members
14
Employees
725
Volunteers
18

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$592,254
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REV MARK BARTELS CHARIMAN/REGENT 1.00
Officer Director
$0 $0 $0
REV DAVID THOMPSON VICE-CHAIR/REGENT 1.00
Officer Director
$0 $0 $0
REV ALEX RING SECRETARY/REGENT 1.00
Officer Director
$0 $0 $0
DR JOSHUA MEARS REGENT 1.00
Director
$0 $0 $0
MR STEVEN DEPREY REGENT 1.00
Director
$0 $0 $0
MR AARON FAUGSTAD REGENT 1.00
Director
$0 $0 $0
MR DAVID SPARLEY REGENT 1.00
Director
$0 $0 $0
DR ADAM BRAISCH REGENT 1.00
Director
$0 $0 $0
DR DANIEL HARTWIG REGENT 1.00
Director
$0 $0 $0
REV AARON FERKENSTAD REGENT 1.00
Director
$0 $0 $0
MR TIMOTHY ROEMHILDT REGENT 1.00
Director
$0 $0 $0
MR JOHN SCOTT REGENT 1.00
Director
$0 $0 $0
REV ERWIN EKHOFF REGENT 1.00
Director
$0 $0 $0
MR MARK MADSON REGENT 1.00
Director
$0 $0 $0
DR GENE R PFEIFER COLLEGE PRESIDENT 40.00
Officer
$196,911 $58,563 $255,474
DANIEL L MUNDAHL SENIOR VP OF FIN & ADMIN/TREASURER 40.00
Officer
$141,748 $19,730 $161,478
REV TIMOTHY HARTWIG SEMINARY PRESIDENT 40.00
Officer
$67,378 $26,472 $93,850
STACEY DAWLEY DIRECTOR OF FINANCE/ASST. TREASURER 40.00
Officer
$77,432 $4,020 $81,452
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $36,287,765 $35,498,756 $120,266,383 $789,009
2024 No data No data No data No data
2023 $33,871,771 $33,193,131 $113,032,695 $678,640
2022 $36,614,308 $33,300,215 $102,688,428 $3,314,093
2021 $41,760,008 $30,634,375 $109,343,535 $11,125,633
2020 $27,940,514 $29,964,672 $97,860,298 $-2,024,158
2019 $28,808,856 $28,355,236 $93,817,053 $453,620
2018 $24,986,365 $27,275,148 $93,421,643 $-2,288,783
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