Bethany Lutheran Church Foundation
- Assets
- $1.2m
- Revenue
- $98.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Cherry Hills Village, CO
- Founding
- 04/1987
- Data as of
- 12/2021
- EIN
- 84-1027205
Organization Overview
Bethany Lutheran Church Foundation is located in Cherry Hills Village, CO. The organization was established in 1987. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bethany Lutheran Church Foundation 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, Bethany Lutheran Church Foundation generated $98.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.4% each year . All expenses for the organization totaled $59.2k during the year ending 12/2021. While expenses have increased by 4.4% 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
TO PROVIDE AND ESTABLISH STEWARDSHIP OPPORTUNITIES TO BETHANY LUTHERAN CHURCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR 2021, MINISTRY GRANTS WERE AWARDED IN THE AMOUNT OF $47,810 AND CONSTISTED OF THE FOLLOWING: $10,000 TO LUTHERAN FAMILY SERVICES ROCKY MOUNTAIN (HOMELESSNESS PREVENTION), $10,000 TO ST. MARK'S LUTHERAN CHURCH, $5,000 TO CENTUS COUNSELING, $5,000 TO ROCKY MOUNTAIN SYNOD ELCA, $4,500 TO URBAN SERVANT CORP, $3,500 TO WORK OPTIONS FOR WOMEN, $3,500 TO BETHANY LUTHERAN CHURCH MOPS, $2,500 TO YOUTH MINISTRY CONSULTANTS, $2,500 TO KARIS COMMUNITY AND $1,310 TO BETHANY LUTHERAN CHURCH (AFGHAN REFUGEE SUPPORT).
SEMINARY AND UNDERGRADUATE SCHOLARSHIPS WHICH BENEFITED 1 SEMINARY STUDENT AND 1 UNDERGRADUATE STUDENTS ATTENDING EVANGELICAL LUTHERAN CHURCH IN AMERICA (ELCA) INSTITUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Haller Board Chair | OfficerTrustee | 4 | $0 |
Deborah Bayles Board Vice Chair | OfficerTrustee | 3 | $0 |
Steve Heuer Part Year Board Treasurer | OfficerTrustee | 3 | $0 |
Aaron Walter Board Treasurer | OfficerTrustee | 3 | $0 |
Curt Boell Part Year Board Secretary | OfficerTrustee | 2 | $0 |
Matthew Weissenbuehler Board Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $24,480 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $73,772 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $98,252 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $47,810 |
| Grants and other assistance to domestic individuals. | $5,750 |
| 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 | $0 |
| Fees for services: Accounting | $5,635 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $59,195 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,937 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $5,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,167,823 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,233,760 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $1,233,760 |
| 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 | $1,233,760 |
Grants Awarded
Over the last fiscal year, Bethany Lutheran Church Foundation has awarded $20,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Denver, CO PURPOSE: Anchor House | $10,000 |
ST MARK'S LUTHERAN CHURCH PURPOSE: Fund youth program | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Bethany Lutheran Church Foundation has recieved totaling $75,000.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $35,000 |
Thrivent Charitable Impact & Investing Appleton, WI PURPOSE: organ refurbishment | $20,000 |
Thrivent Charitable Impact & Investing Appleton, WI PURPOSE: Renewal for Growth Fund | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Good Shepherd Lutheran Community Blair, NE | $4,394,791 | $5,136,170 |
Christian Center Of Park City Park City, UT | $13,844,095 | $7,996,060 |
Persuade The World Ministries Colorado Springs, CO | $2,527,761 | $6,071,254 |
Pilgram Rest Foundation Inc Phoenix, AZ | $14,492,011 | $6,934,589 |
Abundant Rain Ministries Inc Coweta, OK | $1,184,763 | $4,705,451 |
Reaching Souls International Inc Oklahoma City, OK | $9,096,171 | $6,014,810 |
Biblical Education By Extension Inc Colorado Springs, CO | $2,298,554 | $3,974,117 |
Crossfire Ministries Inc Colorado Springs, CO | $6,360,133 | $4,375,955 |
Nebraska Lutheran Outdoor Ministries Inc Ashland, NE | $11,165,008 | $3,788,912 |
What Matters Ministries And Missions Colorado Springs, CO | $564,276 | $3,431,281 |
Bibles For The World Colorado Springs, CO | $4,367,837 | $4,148,269 |
Vision Beyond Borders Inc Casper, WY | $1,888,675 | $2,473,457 |