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Bethany Lutheran College

Mankato, MN · EIN 41-0747165 · 501(c)(3) · School
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Bethany Lutheran College reported $36.3 million in revenue and $35.5 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $89.37 went to program services, $7.74 to management and general costs and $2.89 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 68.5% of the total. The highest compensation it reported for one person was $255,474 (COLLEGE PRESIDENT). 2 people received more than $100,000 in reportable compensation. Revenue rose 30% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $35M

For context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $36M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,499 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
89.4%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
7.7%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
2.9%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.14$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
20.9%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
0.2%1.1%
Program service revenue share
Part VIII 2g ÷ 12
68.5%69.9%
Highest reported compensation
Part VII-A, columns D–F
$255,474$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.72%1.28%
People paid over $100,000
Part VII, line 2
28
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
32.813.3
Independent voting board members
Part VI 1a–1b
14 of 14100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$19M expenses · 61.3% of program spending · grants $10M · revenue $21M

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

$8.8M expenses · 27.9% of program spending · 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 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…

$3.4M expenses · 10.8% of program spending · revenue $3.7M

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

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
COLLEGE PRESIDENT
Officer, 40.00 hrs/week
$196,911$0$58,563$255,474
SENIOR VP OF FIN & ADMIN/TREASURER
Officer, 40.00 hrs/week
$141,748$0$19,730$161,478
SEMINARY PRESIDENT
Officer, 40.00 hrs/week
$67,378$0$26,472$93,850
DIRECTOR OF FINANCE/ASST. TREASURER
Officer, 40.00 hrs/week
$77,432$0$4,020$81,452

2 people received more than $100,000 in reportable compensation from Bethany Lutheran College (Part VII, line 2). Compensation of current officers, directors and key employees totaled $979K (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$20M$40M$60M$80MFY2020FY2021FY2022FY2023FY2024FY2025$36M$35M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$36M$35M89.4%$97M$255,474
FY2024 ⓘ$37M$36M88.7%$93M$248,566
FY2023 ⓘ$34M$33M89.5%$88M$236,800
FY2022 ⓘ$37M$33M89.7%$85M$224,880
FY2021 ⓘ$42M$31M89.5%$91M$214,426
FY2020 ⓘ$28M$30M89.1%$77M$204,972

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b14 · 14 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4Yes
  • Over $15,000 of professional fundraising services Part IV 18Yes
  • Over $10,000 of activity outside the U.S. Part IV 14bYes
  • Employees Part I, line 5725
  • Volunteers Part I, line 618

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
SODEXO INC & AFFILIATES
Food service
$1,277,222
SECURITAS SECURITY SERVICES USA INC
Security services
$230,379
MAYO CLINIC
Athletic trainer/health services
$174,103
RICKWAY CARPET
Floor replacement
$130,241

Individuals listed as contractors are left out. 6 contractors were paid more than $100,000 in all.

Private foundation grants it received

19 private foundations reported grants to Bethany Lutheran College totaling $562K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Bethany Lutheran College's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Bethany Lutheran College, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All education charities · Largest charities in Minnesota

Questions people ask

How much of Bethany Lutheran College's spending goes to programs?

In the fiscal year ending June 30, 2025, Bethany Lutheran College reported that 89.4% of its $35.5 million in expenses went to program services, 7.7% to management and general and 2.9% to fundraising (Form 990, Part IX).

How much does Bethany Lutheran College pay its top executive?

The largest total compensation Bethany Lutheran College reported for one person in the fiscal year ending June 30, 2025 was $255,474, for the role of COLLEGE PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Bethany Lutheran College get its money?

Of $36.3 million in revenue in the fiscal year ending June 30, 2025, 20.9% came from contributions and grants (including 0.2% from government grants) and 68.5% from program service revenue (Form 990, Part VIII).

Is Bethany Lutheran College a registered charity?

The IRS lists EIN 41-0747165 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202621259349301527 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202541229349300144 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202421299349302367 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202330749349302168 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202231319349303228 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202110719349300836 · read the filing

All filings for EIN 41-0747165: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.