Bethany College
Nonprofit profile at a glance
- EIN
- 550356985
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Jul 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Bethany, West Virginia, United States
- Phone
- 3048297000
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Undergraduate College (4-year)
Reported finances
- Revenue
- $40,381,591
- Expenses
- $40,493,773
- Assets
- $87,643,982
- Liabilities
- $47,552,777
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
33 people listed
Executive titles in this filing
- JAMIE CARIDI (PRESIDENT)
Highest reported compensation
- LORI WEAVER (VP ADVANCEMENT & COMMUNICATIONS): $174,749 total reported compensation
- SUSAN HALULKO (CFO): $164,125 total reported compensation
- BRIAN SANSOM (VP ENROLLMENT & ATHLETICS): $117,377 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Bethany College's mission is to provide a transformative liberal arts education that prepares students for lives of purpose and leadership.
What it reported doing in 2024
Instruction - the college provides educational services and instructions to full and part time students seeking a college education and/or degree. Scholarships & fellowships the college provides financial assistance to students either based on their need or academic merit.
Operating model
- Revenue model
- Earned-program. 77% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 52% for direct work, and 48% for grants.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 74
- Transparency & Controls: 74
- Accountability: 98
- Sustainability: 45
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 83.2%; rating input score 83
- Program expense ratio: 79.1%; rating input score 79
- Fundraising efficiency: $3.74 raised per $1 spent on fundraising; rating input score 15; 15th percentile among comparable filings
Transparency & Controls
- Consistency checks: 94.1%; rating input score 94; 20th percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 96.4%; rating input score 96; 30th percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -0.3%; rating input score 29; 29th percentile among comparable filings
- Total-asset coverage ratio: 2.16; rating input score 64; 64th percentile among comparable filings
- Liabilities to assets ratio: 0.54; rating input score 26; 26th percentile among comparable filings
- Officer compensation ratio: 1.6%; rating input score 80; 80th percentile among comparable filings
Growth
- Program expense growth: 3.6% per year; rating input score 100; 30th percentile among comparable filings
- Revenue growth: 2.1% per year; rating input score 100; 19th percentile among comparable filings
- Asset growth: -0.5% per year; rating input score 0; 9th percentile among comparable filings
Details
- What they do: 1 operating location identified
- Where the money goes: 83.2% of revenue deployed · 79.1% of spending went to programs
- Governance: 27 of 28 board members independent · 8 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $32M in reported program spending
- Leadership: top reported pay $175K · 33 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 2 contractors listed · $539K reported
- Consistency: 33 of 34 current checks pass · 1 finding to review
- Schedules: 10 filed schedules · includes major donors, foreign activity, grants, and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Financial Efficiency: Fundraising efficiency scored 15/100.
- High — Sustainability: Operating margin scored 29/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 26/100.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.