Bethany Lutheran Home
- Assets
- $30.3m
- Revenue
- $20.2m
- Investments
- $0.0
- Employees
- 425
- Location
- Sioux Falls, SD
- Founding
- 11/1952
- Data as of
- 06/2023
- EIN
- 46-0233029
Organization Overview
Bethany Lutheran Home is located in Sioux Falls, SD. The organization was established in 1952. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 06/2023, Bethany Lutheran Home employed 425 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bethany Lutheran Home 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, Bethany Lutheran Home generated $20.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $18.3m during the year ending 06/2023. While expenses have increased by 4.6% 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
PROVIDE SENIOR LIVING FACILITIES AND CARE FOR THE BODY AND THE SPIRIT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BETHANY LUTHERAN HOME FOR THE AGED CONSISTS OF A 52-BED LONG-TERM CARE FACILITY, 27 ASSISTED LIVING UNITS AND 9 INDEPENDENT LIVING HOMES IN SIOUX FALLS, SOUTH DAKOTA, D/B/A BETHANY LUTHERAN HOME-SIOUX FALLS; A 60 BED LONG-TERM CARE FACILITY IN BRANDON, SOUTH DAKOTA, D/B/A BETHANY LUTHERAN HOME-BRANDON; AND A SENIOR LIVING COMMUNITY IN BRANDON, SOUTH DAKOTA, D/B/A BETHANY MEADOWS. BETHANY MEADOWS CONSISTS OF 66 INDEPENDENT OR ASSISTED LIVING UNITS AND 56 TWIN HOMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rose Grant President | OfficerTrustee | 1 | $0 |
Lee Person First VP | OfficerTrustee | 1 | $0 |
Jim Sanden Secretary | OfficerTrustee | 1 | $0 |
Sue Martens Treasurer (until Dec 22) | OfficerTrustee | 1 | $0 |
Susan Kruse Treasurer (as Of Jan 23) | OfficerTrustee | 1 | $0 |
Robert Anderson 2nd Vice President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ga Johnson Construction Inc Construction | 6/29/23 | $1,154,220 |
Goodcare Llc Therapy | 6/29/23 | $777,220 |
Interim Healthcare Contract Labor | 6/29/23 | $184,248 |
Marco Technologies It | 6/29/23 | $150,385 |
Building Services Group Construction | 6/29/23 | $144,768 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $113,203 |
| Government grants | $115,388 |
| 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 | $228,591 |
| Total Program Service Revenue | $15,891,241 |
| Investment income | $162,428 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $72,114 |
| Net Gain/Loss on Asset Sales | $254,682 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,271 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,164,536 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $240 |
| 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. | $348,930 |
| Compensation of current officers, directors, key employees. | $348,930 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,588,474 |
| Pension plan accruals and contributions | $44,090 |
| Other employee benefits | $546,405 |
| Payroll taxes | $651,407 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,119 |
| Fees for services: Accounting | $65,127 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,062 |
| Fees for services: Other | $1,768,757 |
| Advertising and promotion | $40,407 |
| Office expenses | $712,415 |
| Information technology | $205,454 |
| Royalties | $0 |
| Occupancy | $930,460 |
| Travel | $48,846 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $61,405 |
| Interest | $695,004 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,503,066 |
| Insurance | $266,506 |
| All other expenses | $151,184 |
| Total functional expenses | $18,329,827 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $175,400 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,014,767 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $8,084 |
| Inventories for sale or use | $76,800 |
| Prepaid expenses and deferred charges | $57,179 |
| Net Land, buildings, and equipment | $22,004,021 |
| Investments—publicly traded securities | $3,351,693 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,574,633 |
| Total assets | $30,262,577 |
| Accounts payable and accrued expenses | $1,099,164 |
| Grants payable | $0 |
| Deferred revenue | $24,026 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $22,322 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $14,845,964 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,707,851 |
| Total liabilities | $24,699,327 |
| Net assets without donor restrictions | $5,563,250 |
| 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 | $30,262,577 |