Bethany Center For Prayer And Renewal
- Assets
- $5.7m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Edina, MN
- Founding
- Data as of
- 12/2021
- EIN
- 87-2122707
Organization Overview
Bethany Center For Prayer And Renewal is located in Edina, MN. Bethany Center For Prayer And Renewal is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
HELP PEOPLE TO ENCOUNTER GOD THROUGH REFLECTION, RADICAL HOSPITALITY, AND RESURRECTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDED ON OCTOBER 1, 2021, BETHANY CENTER FOR PRAYER AND RENEWAL ACQUIRED A BEAUTIFUL PROPERTY IN SCANDIA, MN WITH THE VISION FOR DEVELOPING THE PROPERTY INTO A HERMITAGE AND RETREAT CENTER THAT WILL SERVE PRIESTS AND OTHER ORDAINED MINISTERS, AS WELL AS LAY PEOPLE. IN THE 3 SHORT MONTHS OF 2021, BETHANY MADE GREAT PROGRESS IN SETTING THE WHEELS IN MOTION FOR OBTAINING THE NECESSARY PERMITS, AND LAYING OUT THE DESIGN AND PLANS FOR THE CAMPUS SO THAT CONSTRUCTION CAN BEGIN IN 2022. BETHANY'S VISION TO PROVIDE A HOLY, BEAUTIFUL, AND PEACEFUL VENUE FOR RETREATS IS BECOMING A REALITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheryl Moran Chair | OfficerTrustee | 15 | $0 |
Jeffrey Huard Secretary | OfficerTrustee | 0.19 | $0 |
Corrina Conley Treasurer | OfficerTrustee | 5 | $0 |
FR Brian Fischer Vice Chair | OfficerTrustee | 10 | $0 |
Jason Walgrave Director | Trustee | 2 | $0 |
Jonathan Kelly Director | Trustee | 0.12 | $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 | $2,203,303 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,203,303 |
| Total Program Service Revenue | $0 |
| Investment income | $11 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,900 |
| Net Gain/Loss on Asset Sales | $20,007 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,227,221 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,002 |
| Fees for services: Accounting | $2,225 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,208 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15,388 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,776 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $58,599 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,211,932 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $3,515,232 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,727,164 |
| Accounts payable and accrued expenses | $5,541 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $3,553,001 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,558,542 |
| Net assets without donor restrictions | $2,168,622 |
| 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 | $5,727,164 |
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