Bethel Lutheran Home
- Assets
- $8.3m
- Revenue
- $6.6m
- Investments
- $1.3m
- Employees
- 168
- Location
- Madison, SD
- Founding
- 11/1961
- Data as of
- 06/2021
- EIN
- 46-0259554
Organization Overview
Bethel Lutheran Home is located in Madison, SD. The organization was established in 1961. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 06/2021, Bethel Lutheran Home employed 168 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Bethel 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 06/2021, Bethel Lutheran Home generated $6.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $6.2m during the year ending 06/2021. While expenses have increased by 1.3% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
BETHEL LUTHERAN HOME IS A MINISTRY TO THE ELDERLY CONSISTING OF VARIOUS LEVELS OF CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BETHEL LUTHERAN HOME OPERATES A SKILLED/SUB-ACUTE CARE NURSING HOME THAT CONSISTS OF 59 BEDS, ALL OF WHICH ARE MEDICAID AND MEDICARE CERTIFIED. IN ADDITION, THE ORGANIZATION HAS A 16 UNIT CONGREGATE HOUSING ADDITION, A 13 BED ASSISTED LIVING CENTER, 4 TWIN HOMES, 4 COTTAGE HOMES, AND AN ADULT DAY CARE CENTER. DURING FY21, BETHEL LUTHERAN HOME HAD 20,448 LONG-TERM CARE NURSING HOME DAYS AND 4,327 ASSISTED LIVING DAYS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chuck Johnson Administrator/ceo | Officer | 39.25 | $112,869 |
Linda Meier Secretary | OfficerTrustee | 0.5 | $0 |
Gary Callies Vice President | OfficerTrustee | 0.5 | $0 |
Phillip Hoffinga President | OfficerTrustee | 0.5 | $0 |
Mark Schultz Treasurer | OfficerTrustee | 0.5 | $0 |
Kim Callies Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $72,165 |
| Government grants | $761,133 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,037 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $846,335 |
| Total Program Service Revenue | $5,785,230 |
| Investment income | $191 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $935 |
| Net Gain/Loss on Asset Sales | $11,800 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,644,491 |
| 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. | $117,143 |
| Compensation of current officers, directors, key employees. | $117,143 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,064,929 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $431,835 |
| Payroll taxes | $231,814 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $587 |
| Fees for services: Accounting | $97,235 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $559,149 |
| Advertising and promotion | $15,100 |
| Office expenses | $72,421 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $185,302 |
| Travel | $859 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,666 |
| Interest | $180,071 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $312,034 |
| Insurance | $164,750 |
| All other expenses | $35,323 |
| Total functional expenses | $6,172,452 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,048,392 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $182,843 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $19,649 |
| Prepaid expenses and deferred charges | $41,903 |
| Net Land, buildings, and equipment | $4,721,900 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,294,973 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,309,660 |
| Accounts payable and accrued expenses | $370,678 |
| Grants payable | $0 |
| Deferred revenue | $513,006 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $13,278 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,234,127 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,472,380 |
| Total liabilities | $4,603,469 |
| Net assets without donor restrictions | $2,411,218 |
| Net assets with donor restrictions | $1,294,973 |
| 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 | $8,309,660 |
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