Bethel Lutheran Home Foundation Inc
- Assets
- $1.4m
- Revenue
- $222.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, SD
- Founding
- 06/1990
- Data as of
- 06/2022
- EIN
- 46-0403284
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 06/2022, Bethel Lutheran Home Foundation Inc generated $222.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $127.5k during the year ending 06/2022. While expenses have increased by 4.7% 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
2022
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 BLH BY SOLICITING AND RECEIVING GIFTS FOR THE BENEFIT OF THE HOME AND OF RESIDENTS WHEN FUNDS FROM OTHER SOURCES ARE NOT AVAILABLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joyce Dragseth Vice President | OfficerTrustee | 0.5 | $0 |
Donna Fawbush Secretary | OfficerTrustee | 0.5 | $0 |
Floyd Rummel President | OfficerTrustee | 1 | $0 |
Bobbi Janke Treasurer | OfficerTrustee | 1.5 | $0 |
Chuck Johnson Blh Admin Until 05/2022 | Officer | 0.2 | $0 |
Jeremiah Schneider Blh Admin From 06/2022 | Officer | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $148,842 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $150,842 |
| Total Program Service Revenue | $0 |
| Investment income | $65,203 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $6,870 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $222,915 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $116,541 |
| 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 | $4,605 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,755 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,595 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $127,496 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $233,785 |
| Pledges and grants receivable | $29,200 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $800,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $291,347 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,354,332 |
| Accounts payable and accrued expenses | $3,559 |
| 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 | $0 |
| Total liabilities | $3,559 |
| Net assets without donor restrictions | $1,066,933 |
| Net assets with donor restrictions | $283,840 |
| 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 | $1,354,332 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bethel Lutheran Home Foundation Inc has recieved totaling $6,000.
| Awarding Organization | Amount |
|---|---|
Vanguard Charitable Endowment Program Southeastern, PA PURPOSE: FOR RECIPIENT'S EXEMPT PURPOSE | $6,000 |
Endowment Analysis
| Beg. Balance | $959,967 |
| Earnings | -$35,275 |
| Net Contributions | $74,272 |
| Other Expense | $7,617 |
| Ending Balance | $991,347 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tabitha Inc Lincoln, NE | $67,996,914 | $63,902,168 |
Sisters Of Mary Of The Presentation Long Term Care Fargo, ND | $74,641,519 | $63,350,384 |
Senior Care Communities Inc St Paul, MN | $79,379,682 | $62,727,719 |
Franciscan Care Services Inc West Point, NE | $100,320,154 | $47,622,735 |
Knute Nelson Alexandria, MN | $65,707,296 | $38,034,818 |
Foundation For Health Care Continuums Sartell, MN | $70,652,957 | $36,760,475 |
Missouri Slope Lutheran Care Center Bismarck, ND | $98,166,713 | $36,127,311 |
Elim Homes Inc Edina, MN | $49,132,741 | $36,791,332 |
Benedictine Living Communities Inc Minneapolis, MN | $22,523,153 | $33,504,114 |
Valley Homes And Services Grand Forks, ND | $24,112,129 | $31,398,381 |
American Lutheran Homes Inc Fargo, ND | $43,343,032 | $34,765,772 |
Walker Methodist Minnetonka, MN | $71,311,636 | $29,368,798 |