Bethesda Home
- Assets
- $5.1m
- Revenue
- $4.7m
- Investments
- $10.8k
- Employees
- 98
- Location
- Webster, SD
- Founding
- 04/1987
- Data as of
- 12/2022
- EIN
- 46-0332387
Organization Overview
Bethesda Home is located in Webster, SD. The organization was established in 1987. 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, Bethesda Home employed 98 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Bethesda 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 12/2022, Bethesda Home generated $4.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $4.3m during the year ending 12/2022. While expenses have increased by 2.7% per year over the past 8 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
NURSING HOME AND CONGREGATE LIVING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES A 50-BED SKILLED NURSING HOME AND A 22-UNIT CONGREGATE HOUSING COMPLEX, WHICH ALLOWS IT TO PROVIDE A CHRISTIAN HOME FOR AGING PERSONS. THE TOTAL NURSING HOME RESIDENT DAYS WAS 16,667.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Olson President | OfficerTrustee | 1 | $0 |
Paul Peterson Vice President | OfficerTrustee | 1 | $0 |
Linda Witt Sec/treasurer | OfficerTrustee | 1 | $0 |
John Sigdestad Director | Trustee | 1 | $0 |
Virginia Tunheim Director | Trustee | 1 | $0 |
Brent Zimmerman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $80,000 |
| 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 | $80,000 |
| Total Program Service Revenue | $4,633,114 |
| Investment income | $9,241 |
| 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 | $4,722,355 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50 |
| 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 | $0 |
| Other salaries and wages | $2,674,831 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $158,517 |
| Payroll taxes | $193,017 |
| Fees for services: Management | $80,188 |
| Fees for services: Legal | $685 |
| Fees for services: Accounting | $54,630 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $88,991 |
| Advertising and promotion | $6,433 |
| Office expenses | $102,155 |
| Information technology | $63,330 |
| Royalties | $0 |
| Occupancy | $215,825 |
| Travel | $5,607 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,705 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $132,414 |
| Insurance | $64,890 |
| All other expenses | $878 |
| Total functional expenses | $4,277,102 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,843,365 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $206,857 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $50,200 |
| Prepaid expenses and deferred charges | $29,092 |
| Net Land, buildings, and equipment | $952,324 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $10,848 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,092,686 |
| Accounts payable and accrued expenses | $194,939 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $11,583 |
| 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 | $0 |
| Total liabilities | $206,522 |
| Net assets without donor restrictions | $4,886,164 |
| 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 | $5,092,686 |