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Bethany Lutheran College Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 410747165 ✦ Mankato, MN ✦ Designated as a 501(c)(3)

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Overview

What is Bethany Lutheran College Inc?

Bethany Lutheran College Inc is a private, residential liberal arts college situated in Mankato, Minnesota. Committed to the teachings of the Bible as expressed in the Lutheran Confessions, this institution grants Bachelor of Arts & Sciences degrees in over 36 majors and offers Master of Divinity and Master of Arts degrees. With a student body of approximately 700 full-time equivalent students during the 2021-2022 academic year, the college has graduated 138 students that year. Bethany Lutheran College's mission is to provide Christian higher education in an intellectually stimulating environment, offering personal mentoring that guides students in their pursuit of knowledge, truth, and discernment. Additionally, Bethany Lutheran Theological Seminary is part of the college, training men for the public ministry within the Evangelical Lutheran Synod and meeting the theological needs of the synod.


Official website here: www.blc.edu

What are the reviews and ratings of this charity?

Charity Navigator rating: 96% (Four-Star out of Four Star rating)

Bethany Lutheran College Inc has earned an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. The organization scored an exceptional 96% in Accountability & Finance, showcasing its transparency and responsible management of resources. This high score is a significant indicator of the nonprofit's dedication to financial integrity and ethical governance.

The organization stands out for its fully independent board, with all eight members meeting this criterion. Its financial oversight practices are robust, including regular audits and a strong conflict of interest policy. With a program expense ratio of 89.55%, Bethany Lutheran College demonstrates that a substantial majority of its spending directly supports its mission, which is a positive sign for stakeholders and donors alike.

While the data does not indicate any limitations or concerns regarding the organization, the high ratings reflect a solid operational foundation that instills confidence in its sustainability and impact. Overall, Bethany Lutheran College Inc exemplifies effective nonprofit management and a commitment to its educational mission.


This AI summary has been generated from information found on Charity Navigator.

Is Bethany Lutheran College Inc legitimate?

Bethany Lutheran College Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bethany Lutheran College Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $962,619
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,049,630

For more financial information, click here


Official website here: www.blc.edu

What is the mission statement of Bethany Lutheran College Inc?

Bethany Lutheran College is a private, residential institution committed to providing Christian higher education. The college offers Bachelor of Arts and Sciences degrees with majors in over 30 subject areas, as well as Master of Divinity and Master of Arts degrees. With a focus on personal mentoring, Bethany Lutheran College guides students to pursue knowledge, truth, and discernment, leading to productive and fulfilling lives. During the 2021-2022 academic year, the college had a total enrollment of 1,362 full-time equivalent students, with 138 graduating.


Official website here: www.blc.edu

Who is the CEO of Bethany Lutheran College Inc?

Gene R Pfeifer is the Chairman-Board Of Regents of Bethany Lutheran College Inc.


Official website here: www.blc.edu

What is the revenue of Bethany Lutheran College Inc?

Bethany Lutheran College Inc's revenue in 2022 was $36,614,308.


Official website here: www.blc.edu

Who are the executives of Bethany Lutheran College Inc and what are their salaries?

The average compensation at Bethany Lutheran College Inc during 2022 was $13,929. There are 647 employees and 13 volunteers at Bethany Lutheran College Inc.


Here are 17 key members and their salaries:


Rev Herbert Huhnerkoch (Chairman-Board Of Regents)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rev Mark Bartels (Vice-Chair-Board Of Regent)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr William Soule (Secretary-Board Of Regents)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rev Erwin Ekhoff (Member-Board Of Regents)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Lyle Fahning (Member-Board Of Regents)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Mark Madson (Member-Board Of Regents)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Joshua Mears (Member-Board Of Regents)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr James Minor (Member-Board Of Regents)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rev Alexander Ring (Member-Board Of Regents)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Timothy Roemhildt (Member-Board Of Regents)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr John Scott (Member-Board Of Regents)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr David Sparley (Member-Board Of Regents)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rev David Thompson (Member-Board Of Regents)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Gene R Pfeifer (College President)
  • Compensation: $171,410
  • Related: $0
  • Other: $53,470
Daniel L Mundahl (Senior Vp Of Fin & Admin/Treasurer)
  • Compensation: $119,085
  • Related: $0
  • Other: $18,223
Rev Gaylin Schmeling (Seminary President)
  • Compensation: $96,794
  • Related: $0
  • Other: $40,486
Gregory Costello (Controller/Asst. Treasurer)
  • Compensation: $74,564
  • Related: $0
  • Other: $16,374


Official website here: www.blc.edu

Where can I find the form 990 for Bethany Lutheran College Inc?

Bethany Lutheran College Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.blc.edu

Learn more at the official website: www.blc.edu

Mission Statement of Bethany Lutheran College Inc

Bethany Lutheran College, a private residential liberal arts institution, is deeply committed to the teachings of the Bible as outlined in the Lutheran Confessions. With a focus on Christian higher education, this esteemed college grants Bachelor of Arts & Science degrees with majors in over thirty-six subject areas. Additionally, Bethany Lutheran Theological Seminary is an integral part of the college, designed to prepare men for the public ministry within the Evangelical Lutheran Synod (ELS), as well as catering to the theological needs of the synod.

At Bethany Lutheran College, students are immersed in a challenging academic environment where they are guided by personal mentors to pursue knowledge, truth, and discernment for productive and fulfilling lives. Enrolling a total of 710 Full Time Equivalent (FTE) students during the 2021-2022 academic year, the college has graduated 138 students who met the requirements for graduation. Bethany Lutheran College's mission is to offer a nurturing educational experience that fosters spiritual growth, academic excellence, and personal development in the context of the Christian faith. The college's emphasis on mentoring ensures that students receive individualized attention, enabling them to thrive and reach their full potential.

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Impact




October, 2024

Bethany Lutheran College Inc serves as a cornerstone of Christian higher education, providing an enriching environment rooted in the teachings of the Bible and the Lutheran Confessions. By offering a range of degree programs, including Bachelor of Arts and Science degrees, as well as advanced degrees in mental health counseling, the college equips students with a robust liberal arts education that fosters critical thinking, personal growth, and spiritual development.

The college's commitment to personal mentoring enhances the student experience, guiding individuals through their academic journeys and helping them develop the skills necessary for productive and fulfilling lives. With an enrollment of over 700 students and a diverse array of majors across 36 subject areas, Bethany Lutheran College cultivates an academically challenging environment where students can explore their passions and prepare for careers in various fields.

Additionally, the presence of the Bethany Lutheran Theological Seminary underscores the institution's dedication to training leaders for public ministry, thereby meeting both educational and spiritual needs within the community and the larger Lutheran tradition. Through these efforts, Bethany Lutheran College Inc significantly impacts its students, fostering lives characterized by knowledge, truth, and discernment.




This information is meant to be a general summary of Bethany Lutheran College Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$36,614,308 (2022)
Expenses
$33,300,215 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $4,003,747
  • Program Service Revenue: $22,580,023
  • Gross Receipts: $37,503,990

Assets and Liabilities:

  • Total Assets: $102,688,428
  • Total Liabilities: $17,821,449
  • Net Assets: $84,866,979

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

TUITION AND FEES

Revenue

$18,913,102

AUXILIARY ENTERPRISES

Revenue

$3,603,287

STUDENT ACTIVITIES

Revenue

$63,634

Organization Details

Founding Year

1927

Principal Officer

Gene R Pfeifer

Main Address

700 LUTHER DRIVE, MANKATO, MN, 56001

NTEE Category

Code: B410 - Education

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