Bethesda Inc
- Assets
- $201.6m
- Revenue
- -$2.8m
- Investments
- $33.8m
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 09/1983
- Data as of
- 06/2022
- EIN
- 31-1108895
Organization Overview
Bethesda Inc is located in Cincinnati, OH. The organization was established in 1983. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bethesda 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, Bethesda Inc generated -$2.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $16.6m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Bethesda Inc has awarded 114 individual grants totaling $73,642,391. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BE A LEADER IN CONTRIBUTING TO THE IMPROVEMENT OF HEALTH/WELL-BEING IN THE CINCINNATI COMMUNITY.
Describe the Organization's Program Activity:
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phillip Cox Trustee | Trustee | 1 | $0 |
Rance Duke Trustee | Trustee | 1 | $0 |
Craig Eisentrout MD Trustee (end 6/22) | Trustee | 1 | $0 |
Ellen Katz Chairperson (end 6/22)/trustee | OfficerTrustee | 1 | $0 |
William Tsacalis Trustee | Trustee | 1 | $0 |
Yvonne Washington Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $437,095 |
| Investment income | $1,710,873 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $66,074 |
| Net Gain/Loss on Asset Sales | -$4,967,786 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$2,753,744 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $14,099,141 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $819,906 |
| Fees for services: Other | $216,954 |
| Advertising and promotion | $21,334 |
| Office expenses | $3,447 |
| Information technology | $718 |
| Royalties | $0 |
| Occupancy | $15,307 |
| Travel | $8,774 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,019 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,239 |
| Insurance | $0 |
| All other expenses | $7,820 |
| Total functional expenses | $16,634,098 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $3,797,028 |
| Investments—publicly traded securities | $150,547,631 |
| Investments—other securities | $33,834,369 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,426,900 |
| Total assets | $201,605,928 |
| Accounts payable and accrued expenses | $228,224 |
| 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 | $300 |
| Total liabilities | $228,524 |
| Net assets without donor restrictions | $201,377,404 |
| Net assets with donor restrictions | $0 |
| 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 | $201,605,928 |
Grants Awarded
Over the last fiscal year, Bethesda Inc has awarded $14,087,391 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
BETHESDA FOUNDATION INC PURPOSE: TO FUND THE SCHOOL-TO-WORK ENDOWMENT AND ANNUAL SPONSORSHIP. | $6,177,500 |
TRIHEALTH INC PURPOSE: TO SUPPORT VARIOUS HEALTH INNOVATION PROGRAMS. | $2,664,823 |
WOMEN HELPING WOMEN PURPOSE: TO SUPPORT INTERVENTION SERVICES, SHELTER AND HOUSING FOR VICTIMS OF DOMESTIC VIOLENCE. | $1,000,000 |
CHILDREN'S HOME OF NORTHERN KENTUCKY INC PURPOSE: TO SUPPORT EXPANDING MENTAL HEALTH SERVICES IN A PANDEMIC CLIMATE | $1,000,000 |
GOOD SAMARITAN HOSPITAL FOUNDATION OF CINCINNATI INC PURPOSE: TO FUND THE "WOMAN-CENTERED MEDICAL HOME FUND" FOR THE FACULTY MEDICAL CENTER PLUS ANNUAL GALA SUPPORT. | $940,573 |
GOOD SAMARITAN HOSPITAL OF CINCINNATI OHIO PURPOSE: TO FUND THE "WOMAN-CENTERED MEDICAL HOME FUND" FOR THE FACULTY MEDICAL CENTER. | $740,520 |