Bethany Childrens Home Inc
- Assets
- $29.2m
- Revenue
- $5.8m
- Investments
- $4.8m
- Employees
- 4
- Location
- Womelsdorf, PA
- Founding
- 08/1990
- Data as of
- 06/2022
- EIN
- 23-1365188
Organization Overview
Bethany Childrens Home Inc is located in Womelsdorf, PA. The organization was established in 1990. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. As of 06/2022, Bethany Childrens Home Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bethany Childrens Home 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 06/2022, Bethany Childrens Home Inc generated $5.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $2.2m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (14.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ADMINISTRATIVE, MANAGEMENT, PLANNING, AND BUDGETING SERVICES TO BETHANY HOME, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BETHANY CHILDREN'S HOME, INC. IS A BENEFICIARY UNDER MANY TRUSTS. ANNUAL DISTRIBUTIONS FROM THE TRUSTS HAVE BEEN RECORDED AS REVENUE IN UNRESTRICTED NET ASSETS. BETHANY IS A BENEFICIARY IN ONE TEMPORARY TRUST IN WHICH THE INCOME DISTRIBUTION IS USED TO HELP GRADUATING RESIDENTS OF BETHANY HOME, INC. PURSUE INTERESTS IN HIGHER EDUCATION. NET ASSETS WERE RELEASED FROM DONOR RESTRICTIONS BY INCURRING THE EXPENSES SATISFYING THE RESTRICTED PURPOSES OF HIGHER EDUCATION, BUILDING AND GROUNDS MAINTENANCE, HEALTH-RELATED EXPENSES AND HOLIDAY EXPENSES. PERMANENTLY RESTRICTED NET ASSETS ARE RESTRICTED IN PERPETUITY, THE INCOME FROM WHICH IS EXPENDABLE TO SUPPORT HIGHER EDUCATION, BUILDING AND GROUNDS MAINTENANCE AND ACTIVITIES OF THE ORGANIZATION. SEE SCHEDULE O FOR CONTINUATION.THIS FINANCIAL INTERRELATIONSHIP FOSTERS CONTINUAL GROWTH AND SUPPORT IN THE DEVELOPMENT OF BETHANY HOME'S PROGRAMS. BETHANY HOME OPERATES A 24-HOUR RESIDENTIAL CARE FACILITY FOR DEPENDENT AND NEGLECTED YOUTH ON THE 100+ ACRE CAMPUS IN RURAL WOMELSDORF, PA. THE LAND AND BUILDINGS ARE OWNED AND OPERATED BY BETHANY CHILDREN'S HOME INC., A RELATED ENTITY, AND RENTED TO BETHANY HOME. THIS CAMPUS SERVED APPROXIMATELY 7 YOUTH DAILY IN A LONG-TERM RESIDENTIAL PROGRAM, 8 YOUTH DAILY IN AN ON CAMPUS INTENSIVE RESIDENTIAL PROGRAM, 1 YOUTH DAILY IN A SHORT-TERM RESIDENTIAL PROGRAM, 8 YOUTH DAILY IN AN ON-CAMPUS RESIDENTIAL INDEPENDENT LIVING PROGRAM, 4 YOUTH DAILY IN TRANSITIONAL LIVING PROGRAM, 1 YOUTH DAILY IN RESIDENTIAL SUPERVISED INDEPENDENT LIVING PROGRAM, AND 1 YOUTH DAILY IN A 24-HOUR EMERGENCY CARE SHELTER. REVENUES ARE RECEIVED BY PLACING COUNTY AGENCIES; HOWEVER, REIMBURSEMENT IS ONLY A PERCENTAGE OF THE ACTUAL COST OF PROVIDING THESE SERVICES. IN ORDER TO COVER THE FUNDING SHORTFALL, BETHANY CHILDREN'S HOME PROVIDED A GRANT TO BETHANY HOME IN THE AMOUNT OF $1,038,807 AT FISCAL YEAR-END 6/30/2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Betsy Adams Chairperson | OfficerTrustee | 1 | $0 |
Steve Bobick Vice Chairperson | OfficerTrustee | 1 | $0 |
Jim Stubblebine Treasurer Thru April 2022 | OfficerTrustee | 1 | $0 |
Douglas Yeakle Director/treasurer As Of May 2022 | OfficerTrustee | 1 | $0 |
Rev Kimberly Berenotto Director | Trustee | 1 | $0 |
Rev Darryl Cruz Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,990 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,608,538 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,611,528 |
| Total Program Service Revenue | $2,865,551 |
| Investment income | $332,239 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $955,508 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,769,357 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $963,807 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $212,711 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,998 |
| Payroll taxes | $18,553 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $124,913 |
| Fees for services: Other | $8,323 |
| Advertising and promotion | $0 |
| Office expenses | $55,539 |
| Information technology | $7,320 |
| Royalties | $0 |
| Occupancy | $3,000 |
| Travel | $479 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,222 |
| Interest | $10,692 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $539,597 |
| Insurance | $11,102 |
| All other expenses | $128 |
| Total functional expenses | $2,236,089 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $470,214 |
| Savings and temporary cash investments | $1,892,196 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,598 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $5,758,917 |
| Investments—publicly traded securities | $13,196,320 |
| Investments—other securities | $4,849,985 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,994,938 |
| Total assets | $29,165,168 |
| Accounts payable and accrued expenses | $112,915 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $328,436 |
| Total liabilities | $441,351 |
| Net assets without donor restrictions | $14,201,899 |
| Net assets with donor restrictions | $14,521,918 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $29,165,168 |