Bethel Lutheran Home
- Assets
- $8.2m
- Revenue
- $6.8m
- Investments
- $1.3m
- Employees
- 174
- Location
- Madison, SD
- Founding
- 11/1961
- Data as of
- 06/2022
- 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 06/2022, Bethel Lutheran Home employed 174 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 06/2022, Bethel Lutheran Home generated $6.8m 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 $6.6m during the year ending 06/2022. While expenses have increased by 2.1% 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
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, AND 6 COTTAGE HOMES. DURING FY22, BETHEL LUTHERAN HOME HAD 18,521 LONG-TERM CARE NURSING HOME DAYS AND 4,305 ASSISTED LIVING DAYS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Floyd Rummel President | OfficerTrustee | 0.5 | $0 |
Joyce Dragseth Vice President | OfficerTrustee | 0.5 | $0 |
Donna Fawbush Secretary | OfficerTrustee | 0.5 | $0 |
Bobbi Janke Treasurer | OfficerTrustee | 0.5 | $0 |
Joanne Clausen Director | Trustee | 0.5 | $0 |
Marv Eich Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $68,094 |
| Government grants | $582,442 |
| All other contributions, gifts, grants, and similar amounts not included above | $545 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $651,081 |
| Total Program Service Revenue | $6,151,294 |
| Investment income | $251 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,802,626 |
| 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. | $128,089 |
| Compensation of current officers, directors, key employees. | $128,089 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,458,204 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $308,505 |
| Payroll taxes | $194,383 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $224 |
| Fees for services: Accounting | $98,720 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,880,368 |
| Advertising and promotion | $13,973 |
| Office expenses | $67,397 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $205,124 |
| Travel | $2,024 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,452 |
| Interest | $169,160 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $345,306 |
| Insurance | $134,617 |
| All other expenses | $0 |
| Total functional expenses | $6,596,470 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,808,730 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $258,487 |
| 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 | $80,734 |
| Net Land, buildings, and equipment | $4,645,918 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,348,002 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,161,520 |
| Accounts payable and accrued expenses | $262,575 |
| Grants payable | $0 |
| Deferred revenue | $303,890 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $23,476 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,944,393 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $661,810 |
| Total liabilities | $4,196,144 |
| Net assets without donor restrictions | $2,617,374 |
| Net assets with donor restrictions | $1,348,002 |
| 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 | $8,161,520 |