Bethel University 2013 Annual Report

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annual report 2013


Based firmly in the Christian faith, Bethel is committed to preparing: Christ-followers rooted in Scripture and living out the mission of Jesus

Character-builders concerned with developing the whole person

Truth-seekers

recognizing that God is the source of all truth

Learners

committed to academic excellence

Reconcilers

honoring the worth and dignity of all people

Salt and Light

reflecting the love of Christ to a broken world

World-changers shaping the world through leadership

Building a Better bethel Bethel University is a leader in Christ-centered higher education. Our mission remains strong, but like many colleges and universities, we have faced financial challenges in the past few years. As we stepped up to help families affected by the economic downturn, we went through a collaborative prioritization and review process in which we evaluated programs, departments, and university functions to determine which services are essential to the university’s mission. Our decisions will ensure a strong future for Bethel. While 2013 was filled with challenges, Bethel has much to celebrate: we installed both a new provost of the university and a new vice president and dean of Bethel Seminary; launched the Physician Assistant graduate program and moved forward with another highly anticipated graduate program in NurseMidwifery; the physics department was awarded an unprecedented three National Science Foundation grants within one year; the Royals football team advanced to the quarterfinals of the NCAA Division III Championships; a record number of men and women graduated from across all Bethel’s schools and locations; and 2013 was a record year for fundraising. We have been blessed to have seen God’s provision in countless ways this year. I invite you to see how that is demonstrated in the statistics, charts, and graphs that follow. Your partnership with Bethel’s important mission helps us accomplish incredible things together—for students, for our community, and in our world. Serving Together,

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Jay Barnes, President


The Year in review January

Deb Harless named provost of Bethel University

may

Alumni awarded National Science Foundation graduate research fellowships Bethel team named outstanding winner in international math modeling competition

February

Bethel Seminary San Diego expansion completed and dedicated

June

First cohort of Physician Assistant program starts

our mission Boldly informed and motivated by the Christian faith, Bethel University educates and energizes men and women for excellence in leadership, scholarship, and service. We prepare graduates to serve in strategic capacities to renew minds, live out biblical truth, transform culture, and advance the gospel.

August

our vision

October

Educationally excellent, globally engaged, equipping graduates to make exceptional contributions in lifelong service to God and the world.

Bethel Choir tours Poland Physics department receives two National Science Foundation grants

March

U.S. News & World Report ranks Bethel seventh in its list of colleges where the most students study abroad

April

More than 200 grandparents connect with grandchildren at first Grandparents’ Day Martin Luther King’s daughter Bernice King promotes peace and forgiveness at chapel address

November

Bethel announces start of Nurse-Midwifery graduate program

December

Bethel completes branding initiative Football team reaches quarterfinals of NCAA Division III championships

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Highlights of Each School

7

College of Arts & Sciences (CAS)

th

national ranking for study abroad

Professor Juan Hernandez’s research gains international recognition

Bethel Seminary

INMINISTRY DISTANCE LEARNING PROGRAM expands at both St. Paul and San Diego campuses

2 3

new missional ministries major

3 National Science Foundation grants awarded to physics faculty within the last year

College of Adult & Professional Studies and Graduate School (CAPS/GS)

19

times larger

the doctor of education program, from 16 students to 300+ in last decade

number of academic terms switch to semesters makes Seminary education more affordable, accessible

2 Times a year business and leadership students travel to Europe or China to learn how to conduct business globally

Visit bethel.edu for more information about these highlights.


By the Numbers Gifts to Bethel University (Fiscal year ending May 31)

$12,426,424*

$12m $10,334,816 $10m

$10,087,390

$9,298,389 $8,226,107

$8m

$6,895,280

$6m $4m $2m

2007-08

2008-09

2009-10

Bethel Fund

2010-11

Capital

2011-12

2012-13

Restricted

*record fundraising year

Bethel Fund Sources 2012-2013 TOTAL: $3,312,915

Source: Office of Development records, pre-audit

Parents $576,168

Associated Churches $8,346 Corporate Matches $71,820

Friends $312,735

Alumni $933,734

Minnesota Private College Fund $11,905 Corporations, Foundations, and Trusts $1,108,175

Converge Worldwide & Churches $290,032

Note: Office of Development records of receipted gifts reflect different categories than audited financial statements.

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2012-2013 All-Year Enrollment Total: 6,637 (unduplicated)

Bethel Seminary of the East 124

Bethel Seminary San Diego 270 Bethel Seminary St. Paul 694

College of Arts & Sciences 3,031

Graduate School 1,673

College of Adult & Professional Studies 915

Note: This chart includes 69 students who attended two or more Bethel University schools.

Enrollment Change Over Time Totals: 2003-2004: 5,272 • 2012-2013: 6,637 Students 3,500 College of Arts & Sciences

3,000 2,500 2,000

Graduate School

1,500 1,000

College of Adult & Professional Studies Bethel Seminary St. Paul

500

Bethel Seminary San Diego

5

2012-13

2011-12

2010-11

2009-10

2008-09

2007-08

2006-07

2005-06

2004-05

2003-04

Bethel Seminary of the East


Bethel Enrollment History

6,000

5,374 STUDENTS

Fall Enrollment* by School

2,400 STUDENTS

Bethel Seminary St. Paul

Adult degree completion and graduate programs begin

Bethel Academy Bethel Mission Training School

Seminary of the East merges with Bethel

Bethel College/College of Arts & Sciences 2,338 STUDENTS

Bethel Seminary San Diego Bethel Seminary of the East

5,000 3,900 STUDENTS

4,000

Bethel Seminary San Diego begins

College of Adult & Professional Studies Graduate School

3,000

1,359 STUDENTS Moves to new campus in Arden Hills

2,000

550 STUDENTS

Moves to Twin Cities; merges with an academy

3 20 1

0 20 0

89 19

19 77

19 72

47

1,000

19

19 0

5

Bethel begins as a seminary in Chicago

18 71

Four-year college begins

70 STUDENTS

1 STUDENT

*Enrollment increases throughout the year with the beginning of new semesters and cohorts, particularly in adult programs.

Student Profile 2012-2013 Total women Total men Number of states represented Number of countries represented Ethnic minority citizens Freshman retention percentage* Incoming average freshman ACT* Five-year graduation rate*

3,992 2,715 49, plus Washington, D.C. 31 1,008 (16%), up from 11% in 2007-08 85% 25.0 70%

These numbers count each student once per school in which they were enrolled; 69 were enrolled in more than one university school.

Faculty—Fall 2013 Full time (222) College of Arts & Sciences—184 College of Adult & Professional Studies and Graduate School—17 Bethel Seminary—21 Part time (318) College of Arts & Sciences—118 College of Adult & Professional Studies and Graduate School—145 Bethel Seminary—55 Student-to-faculty ratio—12 to 1* *College of Arts & Sciences (CAS)

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2012-2013 Student Financial Aid—All Schools (in millions)

Total: $93,326,294

State Gift Aid Private Gift Aid $3.0

$3.3

Federal Gift Aid $5.9

Institutional Gift Aid $34.1 (scholarships and grants) Loans $44.1

$2.8

Campus Work Earnings

Last year, Bethel distributed more than $46 million in total gift aid from all sources. On average, Bethel undergraduate students who demonstrate need receive $16,368 per year in scholarship and grant money that they do not need to repay.

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2013 Bethel University Financial Activities (in thousands)

Operating Revenues Contributions, Gifts, Grants 5%

Operating Revenues 2012 Tuition and Fees $102,365 Less Institutionally Funded Aid ($30,643)

2013 $104,414

Net Tuition and Fees Contributions, Gifts, and Grants Auxiliary Services Other

$72,204 $4,961

$19,702 $19,422 $7,8413 $8,863

Total Operating Revenues

$104,741 $105,450

$71,722 $5,476

($32,210) Auxiliary Services 19% Net Tuition and Fees 68% Other 8%

Operating Expenditures Operating Expenditures Instruction Academic Support Student Services Institutional Support Auxiliary Services Other Total Operating Expenditures Net Operating Activities Net Non-operating Activities Increase in Net Assets

2012 2013 $39,032 $41,962 $8,841 $8,991 $7,682 $8,100 $28,337 $28,942 $18,524 $18,213 $1,147 $1,220 $103,564 $107,428 $1,177

$1,978

($219)

$10,830

Student Academic Services 7% Support 9% Institutional Support 27%

Instruction 38% Auxiliary Services 18%

$1,155 $8,853

Other 1%

Source: Audited Combined Financial Statements of Bethel University and Bethel University Foundation

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Key Financial Indicators (as of March 31; in thousands)

2009

Property and Equipment, Net $98,183 Long-term Debt $45,196 Endowment $23,362 Net Assets Unrestricted $30,860 Temporarily Restricted $10,699 Permanently Restricted $24,049

2010

2011

2012

2013

$99,092 $45,669 $24,140

$98,046 $44,068 $30,808

$97,736 $44,018 $28,873

$99,362 $43,144 $34,396

$30,615 $14,186 $24,856

$37,779 $21,855 $21,744

$23,377 $20,149 $25,927

$42,993 $22,825 $27,659

$100,000 $80,000 $60,000 $40,000 $20,000

Property and Equipment, Net

Long-term Debt

Endowment

Unrestricted

Temporarily Restricted

Net Assets

9

Permanently Restricted


POSITIONED FOR A Strong future Bethel University is positioned for a strong future and there is much to celebrate across the university. Core programs continue to excel, new revenueproducing programs are being added, and retooled marketing has led to the unveiling of a new brand this fall that allows all schools within the university to use common language, visual themes, and a new logo to help unify the university and better market its distinctive programs and value. And through the help of a generous investor, Bethel has been able to address space concerns at a huge savings by

purchasing Pine Tree, a 200,000-square-foot office building located on 42 acres within walking distance of the main campus. Bethel is also examining creative new models for delivering higher education, looking beyond the traditional undergraduate model for ways of reducing costs

while maintaining the quality of experience. A group of faculty and administrators serve on a “College of the Future” task force to explore these ideas, and a second long-term project, “Moving the Needle,” is looking comprehensively at student success and retention in the College of Arts & Sciences.

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Board of Trustees 2013 James (Jay) H. Barnes III (ex-officio) President, Bethel University

Karin L. Larson Retired Chair, Capital International Research, Inc.

Rollie H. Anderson President, Anderson Trucking Service, Inc.

Daniel A. Lindh* President & CEO, Presbyterian Homes and Services

Collin E. Barr* President, Minnesota Region Ryan Companies

Trina Maduro Independent UnFranchise Owner, CrazyFavor.com

Alan Bergstedt President, Visionary Ventures

Laura McKnight Attorney, Bassford Remele

Robert Bjork* Managing Partner, Birch Cove Group, Ltd.

Paul Mitton District Executive Minister, Converge Rocky Mountain

Michael Brocker CEO, Legacy Wealth

T. Cher Moua Director, Union Gospel Mission Asian Ministries

Daniel H. Carlson* Executive Minister, Minnesota Iowa Baptist Conference Deanna Conrad Adjunct Faculty, Bethel University Dan Dye* President, Cargill’s Horizon Milling Thomas C. Evans President & CEO, Iowa Healthcare Collaborative James B. Green* Retired President & CEO, Kemps/ Marigold Foods, Inc. Dean Hager President and CEO, Kroll Ontrack Michael Henderson Senior Pastor, New Beginnings Community Church Dale Hummell Senior Pastor, Wooddale Church

Vikki J. Myers Co-Founder, Kingdom Impact Theatre Ministries Barbara Nicholson Owner & President, Mayfair Estate & Antique Jewelry Pamela Olson Former Teacher & Active Volunteer John Roise* President, Lindsay Window & Door Gerald R. Sheveland (ex-officio) President, Converge Worldwide Harold B. Smith* CEO, Christianity Today International George H. Soltero Former Assistant Federal Public Defender, District of Arizona

John K. Jenkins Sr. Senior Pastor, First Baptist Church of Glenarden

Tim N. Traudt* Executive Vice President & Regional Managing Director, Wells Fargo Wealth Management

Wayland E. Jensen Chairman/Retired CEO, Jensen Window Company

Ronald A. Tschetter Former Director, U.S. Peace Corps

Don H. Johnson President, TST Consulting Joel Johnson* Senior Pastor, Westwood Community Church Krista L. Kaups Health Sciences Clinical Professor of Surgery, UCFS Fresno Steve T. Kirby Founding Partner & President, Bluestem Capital Co.

Julie M. White* President, Tapestry Solutions, LLC Harold J. Wiens* Retired Corporate Executive, 3M Company John Wories Jr. President, Amsted Rail * members, Executive Committee

President’s Cabinet 2013 Jay Barnes President Randy Bergen Executive Assistant to the President Deb Harless Executive Vice President and Provost Joe LaLuzerne Senior Vice President for Strategic Planning and Research Sherie Lindvall Senior Vice President for Communications and Marketing Pat Mazorol Senior Vice President for University Relations Kathleen Nelson Senior Vice President for Finance and Administration Leon Rodrigues Chief Diversity Officer


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