Bethany Lutheran Foundation Offredericksburg Texas Inc
- Assets
- $714.4k
- Revenue
- $45.8k
- Investments
- $709.0k
- Employees
- 0
- Location
- Fredericksburg, TX
- Founding
- 05/2007
- Data as of
- 01/2024
- EIN
- 20-8460936
Organization Overview
Bethany Lutheran Foundation Offredericksburg Texas Inc is located in Fredericksburg, TX. The organization was established in 2007. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bethany Lutheran Foundation Offredericksburg Texas Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 01/2024, Bethany Lutheran Foundation Offredericksburg Texas Inc generated $45.8k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $46.6k during the year ending 01/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Bethany Lutheran Foundation Offredericksburg Texas Inc has awarded 187 individual grants totaling $387,514. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ADVANCE AND SUPPORT THE DISCIPLESHIP OF JESUS CHRIST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Merrily Hartman President | 3.9 | $0 | |
Weldon Itz Vice President | 0.88 | $0 | |
Beth Luckenbach Secretary | 0.5 | $0 | |
Joyce Richey Treasurer | 2.71 | $0 | |
Dana Rowan Director | 1.73 | $0 | |
Sharon Joseph Director | 0.29 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $12,975 |
| Interest on Savings | $0 |
| Dividends & Interest | $32,838 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $45,813 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $925 |
| Depreciation | $0 |
| Occupancy | $200 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,144 |
| Total operating and administrative expenses | $11,581 |
| Contributions, gifts, grants paid | $35,000 |
| Total expenses and disbursements | $46,581 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,363 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $714,410 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Bethany Lutheran Foundation Offredericksburg Texas Inc has awarded $35,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUB PURPOSE: SOCIAL CLUB | $1,000 |
BETHANY LUTHERAN CHURCH PURPOSE: FOR RELIGIOUS SERVICE | $8,750 |
BETHANY PRESCHOOL PURPOSE: FOR PRESCHOOL SERVICE | $8,750 |
BETHANY WELCA PURPOSE: FOR RELIGIOUS SERVICE | $1,000 |
HILL COUNTRY NEEDS COUNCIL PURPOSE: FOR COMMUNITY SERVICE | $2,000 |
THE GRACE CENTER PURPOSE: FOR COMMUNITY SERVICE | $2,000 |