Bethel Lutheran Home Foundation Inc

Organization Overview

Bethel Lutheran Home Foundation Inc is located in Madison, SD. The organization was established in 1990. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, 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. Bethel Lutheran Home Foundation 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 06/2023, Bethel Lutheran Home Foundation Inc generated $265.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $148.3k during the year ending 06/2023. While expenses have increased by 6.1% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO SUPPORT AND GROW THE ONGOING MINISTRY OF THE BETHEL COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION IS DEDICATED TO SUPPORTING AND IMPROVING THE BETHEL LUTHERAN HOME IN MADISON, SD. THE FOUNDATION'S MISSION IS TO AID AND ASSIST BETHEL LUTHERAN HOME BY SOLICITING, COLLECTING, AND RECEIVING GIFTS FOR THE BENEFIT OF THE HOME AND AIDING IN CARING FOR RESIDENTS WHEN FUNDS FROM OTHER SOURCES ARE NOT AVAILABLE.


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Board, Officers & Key Employees

Name (title)Compensation
Jeremiah Schneider
Blh Administrator
$0
Floyd Rummel
President
$0
Joyce Dragseth
Vice President Until 01/2023
$0
Joanne Clausen
Director/treasurer From 01/2023
$0
Roberta Janke
Treasurer Until 01/2023
$0
Donna Fawbush
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$79,849
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$116,018
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$195,867
Total Program Service Revenue$0
Investment income $72,305
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$508
Net Income from Fundraising Events -$1,950
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $265,714

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