Bethany Lutheran Home
- Assets
- $29.2m
- Revenue
- $16.4m
- Investments
- $0.0
- Employees
- 442
- Location
- Sioux Falls, SD
- Founding
- 11/1952
- Data as of
- 06/2022
- EIN
- 46-0233029
Organization Overview
Bethany Lutheran Home is located in Sioux Falls, SD. The organization was established in 1952. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 06/2022, Bethany Lutheran Home employed 442 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bethany Lutheran Home 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 Home generated $16.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $17.3m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SENIOR LIVING FACILITIES AND CARE FOR THE BODY AND THE SPIRIT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BETHANY LUTHERAN HOME FOR THE AGED CONSISTS OF A 52-BED LONG-TERM CARE FACILITY, 27 ASSISTED LIVING UNITS AND 11 INDEPENDENT LIVING HOMES IN SIOUX FALLS, SOUTH DAKOTA, D/B/A BETHANY LUTHERAN HOME-SIOUX FALLS; A 60 BED LONG-TERM CARE FACILITY IN BRANDON, SOUTH DAKOTA, D/B/A BETHANY LUTHERAN HOME-BRANDON; AND A SENIOR LIVING COMMUNITY IN BRANDON, SOUTH DAKOTA, D/B/A BETHANY MEADOWS. BETHANY MEADOWS CONSISTS OF 66 INDEPENDENT OR ASSISTED LIVING UNITS AND 56 TWIN HOMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Herrboldt CEO | Officer | 45 | $149,764 |
Dalton Huber CFO | Officer | 45 | $117,848 |
Rose Grant President | OfficerTrustee | 1 | $0 |
Jim Sanden Secretary | OfficerTrustee | 1 | $0 |
Robert Anderson Board Member | Trustee | 1 | $0 |
Lee Person First VP | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ga Johnson Construction Inc Construction | 6/29/22 | $1,173,553 |
Avera Mckennan Pharmacy Services | 6/29/22 | $443,379 |
Sysco Food | 6/29/22 | $705,579 |
Goodcare Llc Rehab Services | 6/29/22 | $826,906 |
Sanford Health Plan Employee Benefits | 6/29/22 | $671,343 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $95,648 |
| Government grants | $426,455 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,885 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $537,988 |
| Total Program Service Revenue | $15,587,493 |
| Investment income | $178,060 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $70,064 |
| Net Gain/Loss on Asset Sales | $31,776 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,964 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,408,345 |
| 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. | $296,857 |
| Compensation of current officers, directors, key employees. | $296,857 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,136,892 |
| Pension plan accruals and contributions | $53,913 |
| Other employee benefits | $608,693 |
| Payroll taxes | $610,951 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,994 |
| Fees for services: Accounting | $60,558 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,454 |
| Fees for services: Other | $1,590,653 |
| Advertising and promotion | $55,106 |
| Office expenses | $600,266 |
| Information technology | $200,280 |
| Royalties | $0 |
| Occupancy | $882,887 |
| Travel | $22,949 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $59,958 |
| Interest | $708,560 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,442,764 |
| Insurance | $173,802 |
| All other expenses | $64,006 |
| Total functional expenses | $17,284,728 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $956,709 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,084,071 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $44,135 |
| Inventories for sale or use | $70,137 |
| Prepaid expenses and deferred charges | $70,632 |
| Net Land, buildings, and equipment | $22,075,141 |
| Investments—publicly traded securities | $4,922,504 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,013 |
| Total assets | $29,243,342 |
| Accounts payable and accrued expenses | $1,209,322 |
| Grants payable | $0 |
| Deferred revenue | $122,262 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $23,099 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $15,382,694 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,842,946 |
| Total liabilities | $25,580,323 |
| Net assets without donor restrictions | $3,638,019 |
| Net assets with donor restrictions | $25,000 |
| 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 | $29,243,342 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Bethany Lutheran Home has recieved totaling $10,034.
| Awarding Organization | Amount |
|---|---|
Sheldon F Reese Foundation Sioux Falls, SD PURPOSE: GENERAL ASSISTANCE | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $34 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Franciscan Care Services Inc West Point, NE | $100,320,154 | $47,622,735 |
Knute Nelson Alexandria, MN | $65,707,296 | $38,034,818 |
Foundation For Health Care Continuums Sartell, MN | $70,652,957 | $36,760,475 |
Missouri Slope Lutheran Care Center Bismarck, ND | $98,166,713 | $36,127,311 |
Elim Homes Inc Edina, MN | $49,132,741 | $36,791,332 |
Benedictine Living Communities Inc Minneapolis, MN | $22,523,153 | $33,504,114 |
Valley Homes And Services Grand Forks, ND | $24,112,129 | $31,398,381 |
American Lutheran Homes Inc Fargo, ND | $43,343,032 | $34,765,772 |
Walker Methodist Minnetonka, MN | $71,311,636 | $29,368,798 |
Lyngblosten Care Center Inc St Paul, MN | $25,120,297 | $27,402,531 |
Ebenezer Society Edina, MN | $59,031,436 | $25,607,593 |
Legacy Senior Services Minnetonka, MN | $22,110,267 | $24,625,122 |