Bethel Sanitarium Inc
- Assets
- $6.8m
- Revenue
- $356.5k
- Investments
- $123.5k
- Employees
- 193
- Location
- Evansville, IN
- Founding
- 11/1957
- Data as of
- 12/2022
- EIN
- 35-1033315
Organization Overview
Bethel Sanitarium Inc is located in Evansville, IN. The organization was established in 1957. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. As of 12/2022, Bethel Sanitarium Inc employed 193 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bethel Sanitarium 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 12/2022, Bethel Sanitarium Inc generated $356.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $463.7k during the year ending 12/2022. 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
WE ARE A RELIGIOUS, CHARITABLE INSTITUTION ORGANIZED TO SUPPORT THE PURPOSE OF GIVING AID TO THE ELDERLY AND INFIRMWITHOUT REGARD TO RELIGION, RACE, OR CREED; TO PROVIDE ECUMENICAL SERVICES TO ALL PERSONS SEEKING AID AND SUPPORT;TO OPERATE AND MAINTAIN A SELF SUPPORTING MINISTRY ADVANCING THE TENENTS OF THE SEVENTH-DAY ADVENTIST CHURCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE PROVIDE FOR THE CARE OF THE ELDERLY AND INFIRM BY OPERATING A 14 UNIT RETIREMENT COMMUNITY.
WE OPERATE AND MAINTAIN A SELF SUPPORTING MINISTRY BY OPERATING A RELIGIOUS TELEVISION BROADCASTING FACILITY.
WE SEEK TO PROVIDE ECUMENICAL SERVICES TO ALL PERSONS SEEKING AID AND SUPPORT THROUGH RELATIONSHIP WITH THE EVANSVILLE WEST-SIDE CONGREGATION OF SEVENTH-DAY ADVENTIST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Walter Cross Director | Trustee | 1 | $0 |
Kent Hartmann Director | Trustee | 1 | $0 |
Bruce Myers Director | Trustee | 1 | $0 |
Renee Beck Director | Trustee | 1 | $0 |
Steven Martin Director | Trustee | 1 | $0 |
Paula Blythe Secretary | Officer | 1 | $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 | $374,368 |
| Investment income | $4,802 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $261 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $356,453 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $30,040 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,616 |
| Payroll taxes | $1,949 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,062 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $92 |
| Office expenses | $1,201 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,775 |
| Travel | $8,343 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $105,899 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $185,279 |
| Insurance | $27,441 |
| All other expenses | $2,652 |
| Total functional expenses | $463,697 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,364 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,173,723 |
| 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 | $10,564 |
| Net Land, buildings, and equipment | $4,326,845 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $123,471 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,762,967 |
| 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 | $2,326,689 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $206,437 |
| Total liabilities | $2,533,126 |
| Net assets without donor restrictions | $4,229,841 |
| 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 | $6,762,967 |