Bethel University - Indiana

Summary

Bethel University is a Christian liberal arts college, founded in 1947 in Mishawaka, Indiana. Bethel is a Christian community of learners dedicated to building lives of commitment for leadership in the Church and the world.


Contact information

Mailing address:
Bethel University
1001 Bethel Circle
Mishawaka, IN 46545

Website: betheluniversity.edu

Phone: 800-422-4101

Email: admissions@betheluniversity.edu


Organization details

EIN: 350935587

CEO/President: Dr. Gregg Chenoweth

Chairman: Randall Lehman

Board size: 25

Founder:

Year founded: 1948

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: No

Member of ECFA since:


Purpose

Bethel remains steadfast in its vision and commitment to provide a Christ-centered education that equips leaders to make a Kingdom impact in the church and the world.


Mission statement

The mission of Bethel University, affiliated with the Missionary Church denomination, is to be a community of learners building lives of commitment for leadership in the Church and world. Bethel's liberating academic programs challenge the mind, enlarge the vision, and equip the whole person for lifelong service.


Statement of faith

We believe:

God is the Creator and Sustainer of all things, and the Author of salvation.

The Bible is the divinely inspired, only infallible, authoritative Word of God, and the unchanging rule of faith and practice.

Man's relationship to God, which was lost through sin, is restored through faith in the redeeming work of Christ, God's divine Son.

The Church comprises people who are born of the Spirit and empowered by him to live a holy life devoted to the fulfillment of the Church's Great Commission.

The personal return of Christ will bring about the end of the present age, the judgment and the beginning of the glorious age to come.

Transparency grade

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating294 of 66043 of 86
Fund acquisition rating405 of 66257 of 86
Resource allocation rating384 of 66253 of 86
Asset utilization rating141 of 66011 of 86

Financial ratios

Funding ratiosSector median20182017201620152014
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
19%21%54%22%67%28%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%3%3%2%3%3%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
9%13%6%11%5%9%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%3%3%3%3%2%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
91%87%94%89%95%91%
 
Operating ratiosSector median20182017201620152014
Program expense ratio Program expense ratio =
Program services /
Total expenses
86%82%86%82%83%81%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%97%100%95%104%106%
Program output ratio Program output ratio =
Program services /
Total revenue
81%79%86%78%86%85%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%3%0%5%-4%-6%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%6%1%10%-7%-11%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
12%15%10%15%14%17%
 
Investing ratiosSector median20182017201620152014
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.520.860.860.810.860.87
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.963.023.152.823.203.37
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.622.612.702.282.762.94
 
Liquidity ratiosSector median20182017201620152014
Current ratio Current ratio =
Total current assets /
Total current liabilities
7.333.453.092.761.841.78
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.140.290.320.360.540.56
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.003.273.003.361.991.79
 
Solvency ratiosSector median20182017201620152014
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
26%45%49%56%59%56%
Debt ratio Debt ratio =
Debt /
Total assets
17%34%38%41%40%37%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
147%64%59%54%48%51%

Financials

Balance sheet
 
Assets20182017201620152014
Cash$3,461,464$4,828,473$5,030,171$4,178,987$2,911,074
Receivables, inventories, prepaids$3,418,463$2,451,883$3,942,860$2,223,664$2,958,951
Short-term investments$9,218,111$8,162,127$9,761,177$9,261,886$9,282,714
Other current assets$0$0$0$0$0
Total current assets$16,098,038$15,442,483$18,734,208$15,664,537$15,152,739
Long-term investments$0$0$0$0$0
Fixed assets$29,480,663$30,409,289$31,465,464$32,529,191$33,655,153
Other long-term assets$2,996,001$2,722,128$2,578,265$2,004,912$2,252,542
Total long-term assets$32,476,664$33,131,417$34,043,729$34,534,103$35,907,695
Total assets$48,574,702$48,573,900$52,777,937$50,198,640$51,060,434
 
Liabilities20182017201620152014
Payables and accrued expenses$3,319,227$2,992,168$4,499,257$6,216,523$5,988,149
Other current liabilities$1,349,986$2,006,574$2,278,782$2,277,698$2,526,411
Total current liabilities$4,669,213$4,998,742$6,778,039$8,494,221$8,514,560
Debt$16,435,336$18,242,593$21,679,390$20,159,681$18,822,149
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$724,068$735,715$1,351,417$925,659$1,099,673
Total long-term liabilities$17,159,404$18,978,308$23,030,807$21,085,340$19,921,822
Total liabilities$21,828,617$23,977,050$29,808,846$29,579,561$28,436,382
 
Net assets20182017201620152014
Unrestricted$12,757,954$10,685,828$9,354,031$8,808,245$10,709,003
Temporarily restricted$5,110,319$5,170,432$5,558,175$4,211,264$4,409,570
Permanently restricted$8,877,812$8,740,590$8,056,885$7,599,570$7,505,479
Net assets$26,746,085$24,596,850$22,969,091$20,619,079$22,624,052
 
Revenues and expenses
 
Revenue20182017201620152014
Total contributions$5,710,604$2,533,424$5,130,072$1,969,901$3,945,497
Program service revenue$37,127,993$38,493,500$39,134,497$39,094,552$37,798,534
Membership dues$0$0$0$0$0
Investment income$312,045$406,847$320,394$389,067$30,276
Other revenue$345,770$481,966$319,077$189,473$349,060
Total other revenue$37,785,808$39,382,313$39,773,968$39,673,092$38,177,870
Total revenue$43,496,412$41,915,737$44,904,040$41,642,993$42,123,367
 
Expenses20182017201620152014
Program services$34,561,394$36,044,464$35,029,646$35,806,686$35,922,170
Management and general$6,269,601$4,335,556$6,495,096$6,051,737$7,542,824
Fundraising$1,173,130$1,363,702$1,121,441$1,318,395$1,094,306
Total expenses$42,004,125$41,743,722$42,646,183$43,176,818$44,559,300
 
Change in net assets20182017201620152014
Surplus (deficit)$1,492,287$172,015$2,257,857($1,533,825)($2,435,933)
Other changes in net assets$0$0$0$0$0
Total change in net assets$1,492,287$172,015$2,257,857($1,533,825)($2,435,933)

Response from ministry

No response has been provided by this ministry.


History

The roots of Bethel University run deep. Mennonite Brethren in Christ (MBC) founder Daniel Brenneman first called for a training institute in 1893. Then, for many years, J. A. Huffman pressed the case for a Christian liberal arts college, even suggesting the name Bethel, meaning "house of God." Formal church approval finally came in 1944, and land was purchased in Mishawaka, Indiana during 1946 under the leadership of Q. J. Everest, Seth Rohrer, and Warren Manges. Twenty-seven-year-old Woodrow I. Goodman (1947-1959) was appointed the first president, at that time the youngest in the United States.

1940s

Bethel College opened in the fall of 1947 with 94 students. During that same year, the MBC became the United Missionary Church. The Administration Building was completed in 1951, the first of many projects dependent upon sacrificial giving and volunteer labor.

1950s

Bethel established some 11 academic programs during its first decade, capped by the Teacher Education Program in 1955. Intercollegiate athletic programs were approved in 1958, with the first intercollegiate basketball game played in 1959.

1970s - 1980s

On March 31, 1971, President Ray P. Pannabecker (1959-1974) and Dean Wayne J. Gerber welcomed North Central Association accreditation. Bethel College grew steadily until it reached an enrollment of about 500. The college flourished because of what President Steven R. Cramer has called its "human endowment"-an extremely loyal, faithful, and hard-working faculty, staff, administration and Board of Trustees.

Bethel College continued moving forward under the presidencies of Albert J. Beutler (1974-1981), James A. Bennett (1982-1988), and Walter L. Weldy (interim 1988-1989). Among the more notable additions and innovations were the adult programs, the division of nursing, and the Otis Bowen Library, which anchored a new architectural style. In 1986, the baseball team won the first of what would become over 40 team national championships.

1989-2004

Bethel experienced a remarkable renaissance under the presidency of Norman V. Bridges (1989-2004). A dynamic team of administrators, repeated record enrollments, greatly expanded curricular offerings, the hiring of nationally known scholars, an aggressive, aesthetically attractive plan of campus development, and notable periods of spiritual renewal have helped make Bethel College a school of choice for many from the region.

In addition to a burgeoning traditional student body, adult and graduate degree programs have helped fuel the growth of the college. With notable new majors in Sign Language Interpreting, Environmental Biology, Criminal Justice, Philosophy, and Spanish complementing traditional strengths in Music, Theatre, Religion, Business, and the service professions, Bethel College increasingly reflects a national and international student body. The college also participates in a broad range of study abroad programs and annually sends out dozens of students on Task Force ministry teams around the world.

Dr. Steven R. Cramer was inaugurated in 2004 as the sixth president of Bethel College, and his tenure extended the pattern of strong, progressive leadership. During his presidency, the music department received NASM accreditation and the campus became more intentional in its multi-ethnic programming. Senior administrators worked to secure the long-term financial future of Bethel during a period of national economic crisis. Dr. Dennis D. Engbrecht continued as Senior Vice President.

A $6.9 million addition to the Middleton Hall of Science is just one in a long string of major construction and landscaping projects since the early 1990s, including Founders Village Apartments, the Middleton wing for Nursing, an enlarged Dining Commons, the Everest-Rohrer Chapel/Fine Arts Center, Wiekamp Athletic Center, Shiloh Prayer Chapel, the campus ponds and waterfall, Morey Soccer Field, Taylor Memorial Chapel, Jenkins Stadium, Sailor Residential Center, Miller/Moore Academic Center, Campus Store, and a new west campus entrance and a renovated Helm. A series of land acquisitions have shattered the myth that the main campus is landlocked. The Elkhart campus and the nursing program at Grace College are two of several emerging extension centers for Bethel.

2013

With the appointment of Dr. Gregg Chenoweth as the new president in 2013, Bethel College stands on the threshold of a new era, but does so deeply rooted in a past sustained by faith. "Forward, with Christ at the helm."

2019

Bethel College becomes Bethel University on May 6.

2020

Over 40 athletic team national championships.


Program accomplishments

The university has been ranked as a Top Tier Midwestern College for 16 consecutive years by U.S. News & World Report; ranked on the Washington Monthly "Best Bang for the Buck Colleges" list; No. 29 in the nation on the College Consensus list of "Best Christian Colleges & Universities 2019". Bethel has also been named to Money Magazine's "Best Colleges for Your Money 2019" list.


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