Bethel University - Tennessee

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 6/30/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

Bethel is a private, faith-based, 4-year university with a supportive academic environment designed to help you succeed.


Contact information

Mailing address:
Bethel University
325 Cherry Avenue
McKenzie, TN 38201

Website: bethelu.edu

Phone: 731-352-4000

Email: info@bethelu.edu


Organization details

EIN: 620548913

CEO/President: Walter Butler

Chairman:

Board size: 25

Founder:

Year founded: 1946

Tax deductible: Yes

Fiscal year end: 07/31

Member of ECFA: No

Member of ECFA since:


Purpose

Bethel University creates a learning community which:

Accepts individuals from a wide variety of backgrounds, experiences, and beliefs.

Offers opportunities for individuals to contribute to the University and to other communities in a variety of ways.

Emphasizes human dignity and ethics that are consistent with the Christian tradition.

Encourages inquiry and the examination of values, self, and society.

Prepares individuals for the life-long pursuit of knowledge in a complex and constantly changing world.


Mission statement

Bethel University's mission is to create opportunities for members of the learning community to develop in a Christian environment to their highest intellectual, spiritual, and social potential. This includes synchronous and asynchronous modes of education.


Statement of faith

Transparency grade

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating393 of 94040 of 112
Fund acquisition rating138 of 94216 of 112
Resource allocation rating758 of 94288 of 112
Asset utilization rating406 of 94042 of 112

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
15%4%15%6%13%7%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%0%0%0%1%1%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
13%13%3%8%7%16%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%1%0%0%1%1%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
87%87%97%92%93%84%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%77%80%83%83%84%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%95%100%100%100%88%
Program output ratio Program output ratio =
Program services /
Total revenue
81%73%80%84%83%73%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%5%0%0%0%12%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
2%7%0%-1%0%29%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%22%20%16%16%15%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.500.590.610.660.710.73
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.743.733.403.994.514.79
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.642.192.072.633.183.49
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
6.076.416.034.242.902.13
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.160.160.170.240.340.47
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.864.634.843.492.471.82
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
27%58%64%64%64%64%
Debt ratio Debt ratio =
Debt /
Total assets
16%53%59%58%56%54%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
140%72%60%54%51%49%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$1,930,534$1,675,575$1,601,776$1,385,088$1,573,139
Receivables, inventories, prepaids$19,838,535$24,892,342$20,154,002$17,441,431$15,958,983
Short-term investments$3,685,106$3,298,073$3,606,138$3,270,182$3,083,751
Other current assets$0$0$0$0$0
Total current assets$25,454,175$29,865,990$25,361,916$22,096,701$20,615,873
Long-term investments$5,477,532$5,416,882$7,522,339$4,183,462$4,025,524
Fixed assets$63,608,370$65,830,139$67,948,834$72,906,071$74,163,753
Other long-term assets$506,586$488,319$469,244$451,432$0
Total long-term assets$69,592,488$71,735,340$75,940,417$77,540,965$78,189,277
Total assets$95,046,663$101,601,330$101,302,333$99,637,666$98,805,150
 
Liabilities20202019201820172016
Payables and accrued expenses$2,498,378$3,213,835$3,304,184$4,280,713$6,881,649
Other current liabilities$1,475,452$1,740,330$2,673,907$3,331,149$2,793,384
Total current liabilities$3,973,830$4,954,165$5,978,091$7,611,862$9,675,033
Debt$50,673,741$59,600,096$59,057,962$55,985,961$53,499,451
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$144,263$227,849$227,849$308,557$347,309
Total long-term liabilities$50,818,004$59,827,945$59,285,811$56,294,518$53,846,760
Total liabilities$54,791,834$64,782,110$65,263,902$63,906,380$63,521,793
 
Net assets20202019201820172016
Without donor restrictions$28,291,616$25,258,864$24,310,749$24,132,550$22,874,163
With donor restrictions$11,963,213$11,560,356$11,727,682$11,598,736$12,409,194
Net assets$40,254,829$36,819,220$36,038,431$35,731,286$35,283,357
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$7,708,832$2,055,531$5,237,337$5,176,990$13,243,848
Program service revenue$50,967,529$59,850,173$61,085,805$64,898,639$68,658,504
Membership dues$0$0$0$0$0
Investment income$14,180$8,137$19,376$250,061$116,385
Other revenue$9,074$52,199$81,360$125,483$100,493
Total other revenue$50,990,783$59,910,509$61,186,541$65,274,183$68,875,382
Total revenue$58,699,615$61,966,040$66,423,878$70,451,173$82,119,230
 
Expenses20202019201820172016
Program services$43,014,558$49,310,268$55,708,365$58,410,425$60,284,172
Management and general$12,403,950$12,208,481$10,697,885$11,266,032$10,794,927
Fundraising$293,181$307,944$320,351$664,124$890,039
Total expenses$55,711,689$61,826,693$66,726,601$70,340,581$71,969,138
 
Change in net assets20202019201820172016
Surplus (deficit)$2,987,926$139,347($302,723)$110,592$10,150,092
Other changes in net assets$0$0$0$0$0
Total change in net assets$2,987,926$139,347($302,723)$110,592$10,150,092

Compensation

NameTitleCompensation
Phyllis K CampbellChief Academic Officer$218,023
Walter G ButlerPresident$214,800
David W HussVP of Finance/CFO$189,950
Ronald L DemingProfessor of Business$114,964

Compensation data as of: 7/31/2020


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 6/30/2021. To update the information below, please email: info@ministrywatch.com


History

In 1842, Bethel University was founded in McLemoresville, Tennessee, as Bethel Seminary operating under the fostering care of West Tennessee Synod of the Cumberland Presbyterian Church. Bethel College was granted a charter by the State of Tennessee in 1847 and operated as Bethel College until 2009 when the trustees voted to change its name to Bethel University. Bethel's first president was Rev. Reuben Burrow, who served for 20 years. During his presidency, Rev. Burrow also served as a fundraiser, a member of the Board of Visitors, head of the Theology Department, and a teacher.

Bethel successfully weathered the economic hardship brought on by the Civil War and in 1865 admitted women for the first time.

In 1872, Bethel President W.W. Hendrix led the initiative to move Bethel from McLemoresville to its current location in McKenzie, where the Nashville, Chattanooga & St. Louis Railway intersected the Louisville & Nashville Railway.

During the 20th century, Bethel College made a name for itself as an outstanding church-affiliated school producing many graduates headed for the clergy, for the classroom as educators, and many other career paths.

In more recent years, the university has been an innovator, pioneering online education with Bethel's Success Adult Degree program. Bethel was also the first college in Tennessee to offer a laptop initiative where each full-time student would be provided with a laptop computer. Since then, Bethel has continued to innovate. The Renaissance Performing Arts Experience was developed to offer performing arts students scholarships, much like the scholarships awarded to student-athletes. This opportunity broadened the base of prospective students as did the introduction of a number of non-traditional athletics programs, including inline roller hockey, bowling, and bass fishing.

Master's degree programs including a Master of Arts in education, a Master of Science in physician assistant studies, a Master of Business Administration, and a Master of Arts in conflict resolution have been added through the years as options in learning platforms for the master's degree. Students can choose to learn face-to-face in the classroom, online, or via both platforms.

In 2009, the Bethel Board of Trustees voted unanimously to change Bethel College's name to Bethel University to best reflect the momentum the school was experiencing. Three colleges currently operate under the Bethel University umbrella: The College of Arts and Sciences, The College of Professional Studies, and The College of Health Sciences.

Our momentum has no signs of stopping. Last year, the football Wildcats finished the season with a 10-1 record. Our bass fishing team won a national championship. Enrollment continues to rise both in McKenzie and in our online program. Our graduates serve as leaders in government, businesses, and communities across the country.

For our students and Bethel University, the best is yet to come.


Program accomplishments


Needs