Bethesda Home
- Assets
- $4.6m
- Revenue
- $4.7m
- Investments
- $5.9k
- Employees
- 99
- Location
- Webster, SD
- Founding
- 04/1987
- Data as of
- 12/2021
- EIN
- 46-0332387
Organization Overview
Bethesda Home is located in Webster, SD. The organization was established in 1987. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. As of 12/2021, Bethesda Home employed 99 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Bethesda 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 12/2021, Bethesda Home generated $4.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $3.8m during the year ending 12/2021. While expenses have increased by 1.4% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
NURSING HOME AND CONGREGATE LIVING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES A 50-BED SKILLED NURSING HOME AND A 22-UNIT CONGREGATE HOUSING COMPLEX, WHICH ALLOWS IT TO PROVIDE A CHRISTIAN HOME FOR AGING PERSONS. THE TOTAL NURSING HOME RESIDENT DAYS WAS 16,429.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Olson President | OfficerTrustee | 1 | $0 |
Paul Peterson Vice President | OfficerTrustee | 1 | $0 |
Linda Witt Sec/treasurer | OfficerTrustee | 1 | $0 |
Barbara Anderson Director | OfficerTrustee | 1 | $0 |
Isaac Gerdes Sr Director/administrator | Officer | 12 | $0 |
John Sigdestad Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $48,993 |
| Government grants | $511,374 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,935 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $574,302 |
| Total Program Service Revenue | $4,094,387 |
| Investment income | $1,493 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,851 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,682,033 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $2,283,060 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $193,707 |
| Payroll taxes | $163,677 |
| Fees for services: Management | $71,628 |
| Fees for services: Legal | $1,203 |
| Fees for services: Accounting | $32,642 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $85,882 |
| Advertising and promotion | $7,694 |
| Office expenses | $85,312 |
| Information technology | $90,275 |
| Royalties | $0 |
| Occupancy | $195,345 |
| Travel | $2,913 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,512 |
| Interest | $171 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $131,403 |
| Insurance | $57,108 |
| All other expenses | $1,218 |
| Total functional expenses | $3,822,096 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,256,119 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $307,040 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $57,998 |
| Prepaid expenses and deferred charges | $55,130 |
| Net Land, buildings, and equipment | $961,092 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,906 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,643,285 |
| Accounts payable and accrued expenses | $186,275 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $16,099 |
| 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 | $0 |
| Total liabilities | $202,374 |
| Net assets without donor restrictions | $4,440,911 |
| 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 | $4,643,285 |
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