Bethesda Foundation Of Willmar
- Assets
- $1.4m
- Revenue
- $291.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Willmar, MN
- Founding
- 06/1983
- Data as of
- 09/2020
- EIN
- 41-1457903
Organization Overview
Bethesda Foundation Of Willmar is located in Willmar, MN. The organization was established in 1983. 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. Bethesda Foundation Of Willmar 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 09/2020, Bethesda Foundation Of Willmar generated $291.9k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $103.8k during the year ending 09/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTING ORGANIZATION OF BETHESDA AND AFFILIATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVISION OF SUPPORT AND FUNDING TO BETHESDA, CENTENNIAL SQUARE, AND SUNRISE VILLAGE, ALL 501(C)(3) ORGANIZATIONS, IN ORDER TO ASSIST THEM IN PROVIDING NURSING CARE AND HOUSING TO THE ELDERLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hallie Johnson Chair/treasurer | OfficerTrustee | 0.1 | $0 |
Thomas Gilbertson Secretary | OfficerTrustee | 0.1 | $0 |
Lisa Thielke Vice Chair | OfficerTrustee | 0.1 | $0 |
Caroline Chan Finance Director | Officer | 40 | $0 |
Michelle Haefner CEO | Officer | 32 | $0 |
Tamala Gjerde Finance Director | Officer | 32 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $186,065 |
| Investment income | $11,213 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $94,668 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $291,946 |
| Statement of Expenses | |
|---|---|
| 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 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 | $4,648 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $84,697 |
| Fees for services: Investment Management | $2,899 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,398 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $155 |
| 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 | $103,827 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $801,860 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $96,081 |
| 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 |
| Investments—publicly traded securities | $510,743 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,408,684 |
| 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 | $780 |
| Total liabilities | $780 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $1,407,904 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Bethesda Foundation Of Willmar has recieved totaling $170,793.
| Awarding Organization | Amount |
|---|---|
Otto Bremer Trust St Paul, MN PURPOSE: CAPITAL FOR SENIOR WELLNESS CENTER | $125,000 |
Communitygiving St Cloud, MN PURPOSE: GEN/OPER SUPPORT | $35,750 |
Saint Paul & Minnesota Foundation Saint Paul, MN PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $43 |
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 |
The Uwm Real Estate Foundation Inc Milwaukee, WI | $83,241,635 | $5,703,376 |
Blugold Real Estate Foundation Inc Eau Claire, WI | $54,871,317 | $5,562,467 |
Model Cities Properties St Paul, MN | $9,312,230 | $753,626 |
Holie Vii Inc Mequon, WI | $2,106,301 | $274,557 |
Community Development Alternatives Inc Prairie Du Chien, WI | $1,232,003 | $240,505 |
Luther Manor Foundation Dubuque, IA | $2,285,501 | $240,502 |
Northport Movin Out Inc Madison, WI | $1,296,580 | $88,718 |
New Community Shelter Foundationinc Green Bay, WI | $1,954,752 | $145,316 |
Bethany Lutheran Foundation Inc Sioux Falls, SD | $695,403 | $151,410 |
Bethesda Foundation Of Willmar Willmar, MN | $1,408,684 | $291,946 |