Bethel Foundation
- Assets
- $837.3k
- Revenue
- $301.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Oklahoma City, OK
- Founding
- 06/2005
- Data as of
- 07/2023
- EIN
- 86-1095024
Organization Overview
Bethel Foundation is located in Oklahoma City, OK. The organization was established in 2005. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bethel 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 07/2023, Bethel Foundation generated $301.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.3%) each year. All expenses for the organization totaled $450.3k during the year ending 07/2023. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO UPLIFT AND EMPOWER INDIVIDUALS IN NEED BY PROVIDING FREE FOOD, CLOTHING, ESSENTIAL ITEMS, HOUSING, EDUCATION ASSISTANCE, KID CAMPS, AND VARIOUS OTHER COMMUNITY PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION OWNS AND OPERATES FIVE RESIDENTIAL HOUSING UNITS WHICH ARE PROVIDED AS HOUSING TO SINGLE MOTHERS INVOLVED IN THEIR COUNSELING PROGRAMS. AFTER COMPLETION OF THE LIFE SKILL MENTORING AND COUNSELING PROGRAM THE MOTHERS ARE GIVEN THE OPTION OF PURCHASING THE VERY HOME THEY STAYED IN WHILE THE BETHEL FOUNDATION HELPED THEM GET ON THEIR FEET. TWELVE FAMILIES HAVE BEEN PROVIDED ASSISTANCE THROUGH THE HOUSING PROJECT DURING THE YEAR. ADDITIONALLY, THE FOUNDATION HOLDS PARENTING CONFERENCES TO ASSIST YOUNG TEENAGE MOMS WHILE PROVIDING THEM WITH DIAPERS, CAR SEATS, CRIBS, AND OTHER BABY ITEMS.
THE FOUNDATION IS AN APPROVED FOOD BANK AGENCY ACTING AS AN EMERGENCY FOOD PANTRY WHICH PROVIDES FOOD, CLOTHING, AND HOUSEHOLD ITEMS TO INDIVIDUALS IN NEED. THE FOUNDATION PROVIDED ASSISTANCE TO 155,498 PEOPLE DURING THE YEAR.
THE FOUNDATION PROVIDED SERVICES TO 1,661 CLIENTS THROUGH THEIR VARIOUS PROGRAMS THROUGHOUT THE YEAR. BETHEL HOLDS A SPRING CONFERENCE FOR SINGLE MOTHER'S WHICH FOCUSES ON PROVIDING THE NECESSARY TOOLS FOR SUCCESS. BETHEL PROVIDES A "GRACE" SCHOLARSHIP WHICH IS INTENDED TO ASSIST MOM'S WITH TUITION COSTS FOR HIGHER EDUCATION. ANGELS FOR MOMS ALLOWS INDIVIDUALS TO ADOPT A CHILD FOR CHRISTMAS SO THAT NO CHILD GOES WITHOUT A GIFT ON CHRISTMAS MORNING. RAB RAB'S BIRTHDAY CLUB PROVIDES CHILDREN OF SINGLE MOTHERS: BALLOONS, A BIRTHDAY CAKE, AND A BAG OF GOODIES ON THEIR BIRTHDAY. KIDS ROCK CAMP IS A "HEALTHY LIFESTYLE CAMP" FOR 3RD-5TH GRADERS. CAMP SONLIGHT IS AN OUTDOOR ADVENTURE CAMP HELD FOR BOYS AGES 6-11. SASSY CAMP IS PROVIDED TO YOUNG WOMEN AGES 10-14 WHO ARE DAUGHTERS OF SINGLE MOTHERS TO HELP WITH NUTRITION, SELF-ESTEEM AND TEAM BUILDING. ARTSY DOODLE CAMP IS AN EDUCATIONAL CULTURE CAMP FOR 6-11 YEAR OLDS. CAMP RADIANCE IS AN OUTDOOR ADVENTURE CAMP FOR GIRLS 6-12 YEARS OLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynda K Powell Executive Di | OfficerTrustee | 60 | $21,627 |
Mike Hays Board Member | Trustee | 5 | $0 |
David Hudiburg Board Member | Trustee | 5 | $0 |
Monica Lopez Internationl | Trustee | 15 | $0 |
Kendall Parrish Board Member | Trustee | 5 | $0 |
Cassie Richerson Vice Chairpe | Trustee | 12 | $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 | $301,065 |
| Noncash contributions included in lines 1a–1f | $46,529 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $301,065 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $301,065 |
| 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. | $21,627 |
| Compensation of current officers, directors, key employees. | $6,488 |
| 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 | $7,380 |
| Fees for services: Accounting | $10,240 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,070 |
| Office expenses | $4,289 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,760 |
| Travel | $2,347 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $52,248 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $45,866 |
| Insurance | $5,594 |
| All other expenses | $24,413 |
| Total functional expenses | $450,290 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,262 |
| 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 | $100,000 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $731,810 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,806 |
| Other assets | $400 |
| Total assets | $837,278 |
| 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 | $746,094 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $200,000 |
| Total liabilities | $946,094 |
| Net assets without donor restrictions | -$108,816 |
| 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 | $837,278 |