Bethesda Foundation For Children
- Assets
- $18.0m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Meadville, PA
- Founding
- 04/1987
- Data as of
- 06/2023
- EIN
- 25-1738322
Organization Overview
Bethesda Foundation For Children is located in Meadville, PA. The organization was established in 1987. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Bethesda Foundation For Children 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 06/2023, Bethesda Foundation For Children generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $1.5m during the year ending 06/2023. While expenses have increased by 15.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO EMPOWER BETHESDA CHILDREN'S HOME AND TO ENRICH THE LIVES OF CHILDREN AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A PROMISING FUTURE FOR EVERY CHILD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Whitman Jr Chairperson | OfficerTrustee | 2 | $0 |
Jenn Winchester Vice Chairperson | OfficerTrustee | 2 | $0 |
Dan Burek Director | Trustee | 2 | $0 |
Larry Fritz Director | Trustee | 2 | $0 |
Terry Danko Treasurer | OfficerTrustee | 2 | $0 |
Rachelle Fritz Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $81,387 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $913,137 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $994,524 |
| Total Program Service Revenue | $1,212,262 |
| Investment income | $83,586 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $6,459 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$24,759 |
| Net Income from Fundraising Events | -$38,538 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,234,034 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,000 |
| Grants and other assistance to domestic individuals. | $33,094 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $126,399 |
| Fees for services: Legal | $1,773 |
| Fees for services: Accounting | $7,860 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $32,972 |
| Fees for services: Other | $55,273 |
| Advertising and promotion | $8,494 |
| Office expenses | $39,271 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $95,823 |
| Travel | $3,321 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,895 |
| Interest | $172,235 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $807,665 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,463,624 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $550,102 |
| Savings and temporary cash investments | $66,145 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $733,474 |
| 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 | $10,921,712 |
| Investments—publicly traded securities | $4,318,201 |
| Investments—other securities | $0 |
| Investments—program-related | $271,045 |
| Intangible assets | $0 |
| Other assets | $1,119,305 |
| Total assets | $17,979,984 |
| Accounts payable and accrued expenses | $2,672,156 |
| Grants payable | $0 |
| Deferred revenue | $14,984 |
| 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 | $6,052,976 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,740,116 |
| Net assets without donor restrictions | $7,931,377 |
| Net assets with donor restrictions | $1,308,491 |
| 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 | $17,979,984 |