Bethany Lutheran Foundation Inc
- Assets
- $695.4k
- Revenue
- $151.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Sioux Falls, SD
- Founding
- 01/2007
- Data as of
- 06/2022
- EIN
- 20-1569453
Organization Overview
Bethany Lutheran Foundation Inc is located in Sioux Falls, SD. The organization was established in 2007. According to its NTEE Classification (L11) the organization is classified as: Single Organization Support, 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. Bethany Lutheran 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, Bethany Lutheran Foundation Inc generated $151.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $108.2k during the year ending 06/2022. 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 RAISE FUNDS TO AID IN THE CONTINUING OPERATIONS OF BETHANY LUTHERAN HOME FOR THE AGED INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BETHANY LUTHERAN FOUNDATION RAISED FUNDS TO AID IN THE CONTINUING OPERATIONS OF BETHANY LUTHERAN HOME FOR THE AGED INC. ONE EVENT WAS HELD DURING THE YEAR AND GRANTS IN THE AMOUNT OF $95,648 WERE PROVIDED TO BETHANY LUTHERAN HOME FOR THE AGED INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denis Andersen President | OfficerTrustee | 1 | $0 |
Pastor Greg Johnson Vice President | OfficerTrustee | 1 | $0 |
James Schade Secretary (through 12/2021) | OfficerTrustee | 1 | $0 |
Cathy Larson Secretary (beg 01/2022) | OfficerTrustee | 1 | $0 |
David Martin Treasurer | OfficerTrustee | 1 | $0 |
Deborah Herrboldt Ceo/bethany Lutheran Home | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $43,975 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $90,526 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $134,501 |
| Total Program Service Revenue | $0 |
| Investment income | $19,377 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,414 |
| Net Income from Fundraising Events | -$6,882 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $151,410 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $95,648 |
| 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 | $0 |
| Fees for services: Accounting | $2,556 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,584 |
| Fees for services: Other | $0 |
| Advertising and promotion | $500 |
| Office expenses | $589 |
| 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 | $5,671 |
| Total functional expenses | $108,156 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $254,849 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $401,485 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $39,069 |
| Total assets | $695,403 |
| 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 | $44,135 |
| Total liabilities | $44,135 |
| Net assets without donor restrictions | $542,782 |
| Net assets with donor restrictions | $108,486 |
| 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 | $695,403 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bethany Lutheran Foundation Inc has recieved totaling $7,000.
| Awarding Organization | Amount |
|---|---|
First Interstate Bancsystem Foundation Inc Billings, MT PURPOSE: GENERAL OPERATING SUPPORT | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sholom Community Alliance St Louis Park, MN | $28,843,468 | $15,634,207 |
Little Falls Health Services Little Falls, MN | $19,442,722 | $8,301,335 |
Immanuel Community Vision Foundation Omaha, NE | $76,698,534 | $4,809,641 |
Model Cities Properties St Paul, MN | $9,312,230 | $753,626 |
New Cassel Foundation Omaha Nebraska Omaha, NE | $3,080,661 | $894,654 |
Pender Community Center Inc Pender, NE | $8,036,230 | $276,346 |
Luther Manor Foundation Dubuque, IA | $2,285,501 | $240,502 |
Friends Of Pioneer Homestead Jackson, WY | $1,746,106 | $84,907 |
Bethany Lutheran Foundation Inc Sioux Falls, SD | $695,403 | $151,410 |
Bethesda Foundation Of Willmar Willmar, MN | $1,408,684 | $291,946 |
Phase Two Cebu Cambridge, MN | $178,576 | $157,730 |
Ahni Holdings Cedar Rapids, IA | $0 | $0 |