The Bethany House Inc
- Assets
- $160.9k
- Revenue
- $203.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Southern Pines, NC
- Founding
- 05/1987
- Data as of
- 06/2023
- EIN
- 56-1519649
Organization Overview
The Bethany House Inc is located in Southern Pines, NC. The organization was established in 1987. According to its NTEE Classification (F30) the organization is classified as: Mental Health Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 06/2023, Bethany House Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bethany House 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 06/2023, Bethany House Inc generated $203.8k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $215.2k during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS A HALFWAY HOUSE FOR RECOVERING ALCOHOLICS AND DRUG ADDICTED WOMEN. THE ORGANIZATION PROVIDES A HOME, FOOD, CLOTHING AND COUNSELING TO A MAXIMUM OF 8 PATIENTS AT A TIME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS A HALFWAY HOUSE FOR RECOVERING ALCOHOLICS & DRUG ADDICTED WOMEN. THE ORGANIZATION PROVES HOME, FOOD, CLOTHNG & COUNSELING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Peters President | OfficerTrustee | 2 | $0 |
William Ottmann Treasurer | OfficerTrustee | 2 | $0 |
Beth Farinella Secretary | OfficerTrustee | 2 | $0 |
To Be Determined Vice President | OfficerTrustee | 0 | $0 |
Harriet Vickory Director | Trustee | 1 | $0 |
Temple Throneburg Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,500 |
| Related organizations | $0 |
| Government grants | $86,629 |
| All other contributions, gifts, grants, and similar amounts not included above | $80,298 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $170,427 |
| Total Program Service Revenue | $33,350 |
| Investment income | $43 |
| 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 | $203,820 |
| 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. | $36,362 |
| Compensation of current officers, directors, key employees. | $9,131 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $40,005 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,472 |
| Payroll taxes | $3,702 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $33,778 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,872 |
| Advertising and promotion | $0 |
| Office expenses | $5,883 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,875 |
| Travel | $2,390 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $793 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,731 |
| Insurance | $11,022 |
| All other expenses | $2,962 |
| Total functional expenses | $215,221 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,962 |
| Savings and temporary cash investments | $51,352 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,781 |
| 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 | $7,433 |
| Net Land, buildings, and equipment | $82,368 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $160,896 |
| Accounts payable and accrued expenses | $1,356 |
| Grants payable | $0 |
| Deferred revenue | $7,219 |
| 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 | $18,732 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $27,307 |
| Net assets without donor restrictions | $133,589 |
| 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 | $160,896 |