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Nonprofiteer
← BETHEL LUTHERAN FOUNDATION

Form 990 for tax year 2022

Filed by BETHEL LUTHERAN FOUNDATION.

Totals

Total revenue
$1,864,310
Total expenses
$883,266
Contributions and grants received
$130,400
Grants paid
$66,398
Program service revenue
$592,289
Investment income
$290,909
Other revenue
$850,712
Total assets, end of year
$13,641,990
Total liabilities, end of year
$143,920
Net assets or fund balances, end of year
$13,498,070
Program services expenses (Part IX)
$727,053
Management and general expenses
$153,928
Fundraising expenses
$2,285
Program service expenses (Part III)
$727,053

Program services were 82.3% 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

    $130,400

  • 2a · Program service revenue: RENTAL REVENUE

    total $592,289 · related or exempt $592,289

  • 3 · Investment income

    total $217,004 · excluded $217,004

  • 5 · Royalties

    total $846,567 · excluded $846,567

  • 7a · Gross sales of assets other than inventory

    securities $200,764

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

    securities $126,859

  • 7c · Gain or loss

    securities $73,905

  • 7d · Net gain or loss

    total $73,905 · excluded $73,905

  • 11a · Other revenue: INSURANCE PROCEEDS

    total $2,500 · excluded $2,500

  • 11b · Other revenue: GAIN ON ANNUITIES

    total $1,645 · excluded $1,645

  • 11e · Other revenue, total

    $4,145

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $66,398 · program services $66,398

  • 5 · Compensation of officers, directors and key employees

    total $65,433 · management and general $65,433

  • 7 · Other salaries and wages

    total $217,804 · program services $181,645 · management and general $36,159

  • 9 · Other employee benefits

    total $12,664 · program services $3,926 · management and general $8,738

  • 10 · Payroll taxes

    total $40,852 · program services $34,460 · management and general $6,392

  • 11c · Fees: accounting

    total $15,463 · management and general $15,463

  • 11g · Fees: other

    total $6,800 · management and general $6,800

  • 12 · Advertising and promotion

    total $1,009 · management and general $1,009

  • 13 · Office expenses

    total $4,969 · management and general $4,969

  • 16 · Occupancy

    total $108,501 · program services $104,194 · management and general $4,307

  • 22 · Depreciation, depletion and amortization

    total $191,567 · program services $191,501 · management and general $66

  • 23 · Insurance

    total $47,971 · program services $46,015 · management and general $1,956

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $70,984 · program services $70,984

  • 24b · Other expenses: FOOD SUPPLIES

    total $26,068 · program services $26,068

  • 24c · Other expenses: FUNDRAISING

    total $2,285 · fundraising $2,285

  • 24d · Other expenses: LOSS ON DISPOSAL

    total $1,862 · program services $1,862

  • 24e · All other expenses

    total $2,636 · management and general $2,636

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,180,449 · end of year $3,164,461

  • 2 · Savings and temporary cash investments

    beginning of year $51,166 · end of year $48,716

  • 4 · Accounts receivable

    beginning of year $20 · end of year $1,392

  • 9 · Prepaid expenses and deferred charges

    beginning of year $24,361 · end of year $27,818

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

    $5,446,563

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

    $3,247,141

  • 10c · Land, buildings and equipment, net

    beginning of year $2,353,236 · end of year $2,199,422

  • 11 · Investments: publicly traded securities

    beginning of year $8,656,664 · end of year $8,198,793

  • 15 · Other assets

    beginning of year $1,636 · end of year $1,388

  • 17 · Accounts payable and accrued expenses

    beginning of year $29,098 · end of year $51,527

  • 19 · Deferred revenue

    beginning of year $1,314 · end of year $7,786

  • 25 · Other liabilities

    beginning of year $109,532 · end of year $84,607

  • 27 · Net assets without donor restrictions

    beginning of year $11,431,661 · end of year $11,038,024

  • 28 · Net assets with donor restrictions

    beginning of year $2,695,927 · end of year $2,460,046

Mission and programs · 2022

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 $727,053 · Grants $66,398 · Revenue $592,289

As filed on the 2022 return.

Listed in Part VII

  • Paula Jarland

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stuart Langager

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Ken Kjos

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Grant Carns

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Margaret Sundet

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Kurt Stoner

    EXECUTIVE DIRECTOR

    Total calculated
    $67,877
    From this org
    $65,433
    From related orgs
    $0
    Other
    $2,444
    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
2022
Filed
8 August 2023
IRS schema version
2022v5.0
Source object
202332209349301668

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