Bethany Home Inc
- Assets
- $11.9m
- Revenue
- $7.0m
- Investments
- $0.0
- Employees
- 129
- Location
- Minden, NE
- Founding
- 04/1922
- Data as of
- 06/2022
- EIN
- 47-0376559
Organization Overview
Bethany Home Inc is located in Minden, NE. The organization was established in 1922. 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 Home Inc employed 129 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bethany Home Inc 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 Home Inc generated $7.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $8.0m during the year ending 06/2022. While expenses have increased by 6.2% 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
TO PROVIDE LONG-TERM NURSING HOME AND ASSISTED LIVING CARE FOR THE ELDERLY RESIDENTS OF THE SURROUNDING AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE LONG-TERM NURSING HOME AND ASSISTED LIVING CARE FOR THE RESIDENTS OF BETHANY HOME, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Tank Administrato | Officer | 40 | $118,533 |
Arlen Osterbuhr Treasurer | OfficerTrustee | 1 | $0 |
Delvin Schmidt President | OfficerTrustee | 1 | $0 |
Joann Paulsen Secretary | OfficerTrustee | 1 | $0 |
Linda Black Member | Trustee | 1 | $0 |
Rev Gale Dorn Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $375 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $375 |
| Total Program Service Revenue | $7,036,042 |
| Investment income | $4,989 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,398 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,040,279 |
| 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. | $118,533 |
| Compensation of current officers, directors, key employees. | $118,533 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,068,333 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $424,910 |
| Payroll taxes | $243,255 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,282 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,322,977 |
| Advertising and promotion | $74,324 |
| Office expenses | $17,901 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $170,199 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,011 |
| Interest | $362,673 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $670,206 |
| Insurance | $128,357 |
| All other expenses | $128,997 |
| Total functional expenses | $7,976,790 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,240 |
| Savings and temporary cash investments | $2,183,310 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $563,009 |
| 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 | $27,034 |
| Net Land, buildings, and equipment | $9,041,635 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $103,460 |
| Total assets | $11,927,688 |
| Accounts payable and accrued expenses | $577,864 |
| Grants payable | $0 |
| Deferred revenue | $17,471 |
| 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 | $7,173,803 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,769,138 |
| Net assets without donor restrictions | $4,155,550 |
| Net assets with donor restrictions | $3,000 |
| 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 | $11,927,688 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Bethany Home Inc has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Leroy Thom Jean Thom And T-L Foundation Inc Hastings, NE PURPOSE: HANDICAP ASSISTANCE | $15,000 |
Nels And Lucille Winther Foundation Minden, NE PURPOSE: KITCHEN EQUIPMENT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sunny Vista Living Center Colorado Springs, CO | $41,304,394 | $18,743,774 |
Bethany Manor Inc Story City, IA | $35,629,736 | $20,182,256 |
Bethany Lutheran Home Sioux Falls, SD | $29,243,342 | $16,408,345 |
Lutheran Homes Society Muscatine, IA | $32,892,213 | $16,820,917 |
Sunrise Manor Sioux City, IA | $24,650,539 | $11,862,314 |
Crown Point Christian Village Inc St Louis, MO | $13,880,150 | $13,172,686 |
Lutheran Home For The Aged Association East Vinton, IA | $15,716,990 | $13,011,239 |
Spring River Christian Village Inc 3600 E Third St Louis, MO | $8,680,929 | $9,992,570 |
St Pauls Home Kansas City, MO | $0 | $10,537,386 |
Kahl Home For The Aged & Infirm Davenport, IA | $51,487,751 | $14,149,659 |
St Francis Nursing Center Colorado Springs, CO | $4,550,262 | $12,563,151 |
Bethany Lutheran Health Services Council Bluffs, IA | $9,547,485 | $13,406,690 |