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Nonprofiteer
← BETHEL LUTHERAN FOUNDATION

Form 990 for tax year 2025

Filed by BETHEL LUTHERAN FOUNDATION.

Totals

Total revenue
$6,434,020
Total expenses
$3,037,997
Contributions and grants received
$3,557,710
Grants paid
$1,955,886
Program service revenue
$640,704
Investment income
$1,343,117
Other revenue
$892,489
Total assets, end of year
$18,506,202
Total liabilities, end of year
$131,535
Net assets or fund balances, end of year
$18,374,667
Program services expenses (Part IX)
$2,648,612
Management and general expenses
$309,398
Fundraising expenses
$79,987
Program service expenses (Part III)
$2,648,612

Program services were 87.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $3,557,710

  • 2a · Program service revenue: RENTAL REVENUE

    total $640,704 · related or exempt $640,704

  • 3 · Investment income

    total $367,379 · excluded $367,379

  • 5 · Royalties

    total $890,426 · excluded $890,426

  • 7a · Gross sales of assets other than inventory

    securities $3,721,645

  • 7b · Less cost or other basis and sales expenses

    securities $2,745,907

  • 7c · Gain or loss

    securities $975,738

  • 7d · Net gain or loss

    total $975,738 · excluded $975,738

  • 11a · Other revenue: GAIN ON ANNUITIES

    total $1,588 · excluded $1,588

  • 11b · Other revenue: MISCELLANEOUS

    total $475 · related or exempt $475

  • 11e · Other revenue, total

    $2,063

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,955,886 · program services $1,955,886

  • 5 · Compensation of officers, directors and key employees

    total $104,496 · program services $63,743 · management and general $40,753

  • 7 · Other salaries and wages

    total $217,913 · program services $133,827 · management and general $84,086

  • 9 · Other employee benefits

    total $45,654 · program services $25,018 · management and general $20,636

  • 10 · Payroll taxes

    total $23,865 · program services $13,078 · management and general $10,787

  • 11c · Fees: accounting

    total $64,365 · program services $1,572 · management and general $62,793

  • 11g · Fees: other

    total $12,116 · management and general $12,116

  • 12 · Advertising and promotion

    total $17,230 · management and general $17,230

  • 13 · Office expenses

    total $15,182 · program services $206 · management and general $14,976

  • 16 · Occupancy

    total $96,624 · program services $92,221 · management and general $4,403

  • 22 · Depreciation, depletion and amortization

    total $186,255 · program services $176,797 · management and general $9,458

  • 23 · Insurance

    total $71,569 · program services $67,915 · management and general $3,654

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $90,739 · program services $80,748 · management and general $9,991

  • 24b · Other expenses: CAPITAL CAMPAIGN EXPENS

    total $79,457 · fundraising $79,457

  • 24c · Other expenses: FOOD SUPPLIES

    total $30,226 · program services $30,226

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $8,296 · program services $298 · management and general $7,998

  • 24e · All other expenses

    total $18,124 · program services $7,077 · management and general $10,517 · fundraising $530

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,002,868 · end of year $6,278,361

  • 2 · Savings and temporary cash investments

    beginning of year $53,468 · end of year $60,594

  • 3 · Pledges and grants receivable

    end of year $1,207,715

  • 4 · Accounts receivable

    beginning of year $1,060

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,853 · end of year $2,173

  • 10a · Land, buildings and equipment: cost or other basis

    $5,699,795

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,816,877

  • 10c · Land, buildings and equipment, net

    beginning of year $1,933,902 · end of year $1,882,918

  • 11 · Investments: publicly traded securities

    beginning of year $10,898,704 · end of year $9,060,789

  • 15 · Other assets

    beginning of year $41,032 · end of year $13,652

  • 17 · Accounts payable and accrued expenses

    beginning of year $49,067 · end of year $50,608

  • 19 · Deferred revenue

    beginning of year $5,595

  • 25 · Other liabilities

    beginning of year $84,918 · end of year $80,927

  • 27 · Net assets without donor restrictions

    beginning of year $11,583,286 · end of year $14,518,983

  • 28 · Net assets with donor restrictions

    beginning of year $3,214,021 · end of year $3,855,684

Mission and programs · 2025

Mission

ENDOWING AND SUPPORTING BETHEL LUTHERAN NURSING & REHABILITATION CENTER.

Activities or mission (Part I)

ENDOWING AND SUPPORTING BETHEL LUTHERAN NURSING AND REHABILITATION CENTER.

  • THE ORGANIZATION WAS FORMED TO SUPPORT BETHEL LUTHERAN NURSING AND REHABILITATION CENTER, IN WHICH THEY ANNUALLY PROVIDE FINANCIAL SUPPORT.THE FOUNDATION ALSO CONDUCTS ACTIVITIES TO SUPPORT THE SENIOR CITIZENS OF THE COMMUNITY, TO INCLUDE THOSE AT BETHEL LUTHERAN NURSING AND REHABILITATION CENTER.

    Expenses $2,648,612 · Grants $1,955,886 · Revenue $641,179

As filed on the 2025 return.

Listed in Part VII

  • Warren Sundet

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Aaron Schmit

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Ruth Carlson

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Tina Hanson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jim McKenzie

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Belinda Moen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Keefe Lovgren

    FORMER EXECUTIVE DIRECTOR

    Total calculated
    $74,871
    From this org
    $73,112
    From related orgs
    $0
    Other
    $1,759
    Hours/week
    40

  • Joel Babcock

    EXECUTIVE DIRECTOR

    Total calculated
    $32,862
    From this org
    $31,385
    From related orgs
    $0
    Other
    $1,477
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2025
Filed
8 May 2026
IRS schema version
2025v4.1
Source object
202611319349304761

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