Bethany Home Inc
- Assets
- $11.9m
- Revenue
- $8.6m
- Investments
- $0.0
- Employees
- 149
- Location
- Minden, NE
- Founding
- 04/1922
- Data as of
- 06/2024
- EIN
- 47-0376559
Organization Overview
Bethany Home Inc is located in Minden, NE. The organization was established in 1922. 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 06/2024, Bethany Home Inc employed 149 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bethany Home 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 06/2024, Bethany Home Inc generated $8.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $9.3m during the year ending 06/2024. While expenses have increased by 6.5% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LONG-TERM NURSING HOME AND ASSISTED LIVING CARE FOR THE ELDERLY RESIDENTS OF THE SURROUNDING AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE LONG-TERM NURSING HOME AND ASSISTED LIVING CARE FOR THE RESIDENTS OF BETHANY HOME, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Tank Administrato | Officer | 40 | $135,111 |
Linda Black Secretary | OfficerTrustee | 1 | $0 |
Terry Christensen Member | Trustee | 1 | $0 |
Marcia Dorn Member | Trustee | 1 | $0 |
Rev Logan Ellis Member | Trustee | 1 | $0 |
Dana Faber Vice Preside | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $125,161 |
| All other contributions, gifts, grants, and similar amounts not included above | $193,700 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $318,861 |
| Total Program Service Revenue | $8,239,489 |
| Investment income | $20,667 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$52,045 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,559,815 |
| 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. | $135,111 |
| Compensation of current officers, directors, key employees. | $135,111 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,036,893 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $532,628 |
| Payroll taxes | $309,779 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,568 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,246,487 |
| Advertising and promotion | $75,802 |
| Office expenses | $20,640 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $176,594 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,312 |
| Interest | $346,894 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $666,847 |
| Insurance | $195,901 |
| All other expenses | $117,521 |
| Total functional expenses | $9,270,847 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,925 |
| Savings and temporary cash investments | $3,081,364 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $469,000 |
| 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 | $36,305 |
| Net Land, buildings, and equipment | $8,219,365 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $92,598 |
| Total assets | $11,909,557 |
| Accounts payable and accrued expenses | $645,560 |
| 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 | $6,857,157 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,502,717 |
| Net assets without donor restrictions | $4,403,840 |
| Net assets with donor restrictions | $3,000 |
| 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 | $11,909,557 |