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Nonprofiteer
← BETHANY HOME FOUNDATION INC

Form 990 for tax year 2022

Filed by BETHANY HOME FOUNDATION INC.

Totals

Total revenue
$101,026
Total expenses
$90,627
Contributions and grants received
$55,364
Grants paid
$42,264
Program service revenue
$0
Investment income
$45,662
Other revenue
$0
Total assets, end of year
$1,636,582
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,636,582
Program services expenses (Part IX)
$72,676
Management and general expenses
$15,251
Fundraising expenses
$2,700
Program service expenses (Part III)
$72,676

Program services were 80.2% 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

    $55,364

  • 3 · Investment income

    total $38,109 · related or exempt $38,109

  • 7a · Gross sales of assets other than inventory

    securities $7,553

  • 7c · Gain or loss

    securities $7,553

  • 7d · Net gain or loss

    total $7,553 · related or exempt $7,553

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $31,337 · program services $31,337

  • 2 · Grants to domestic individuals

    total $10,927 · program services $10,927

  • 11f · Fees: investment management

    total $15,234 · management and general $15,234

  • 11g · Fees: other

    total $2,717 · management and general $17 · fundraising $2,700

  • 12 · Advertising and promotion

    total $11,213 · program services $11,213

  • 13 · Office expenses

    total $500 · program services $500

  • 19 · Conferences, conventions and meetings

    total $50 · program services $50

  • 24a · Other expenses: PROPERTY TAXES

    total $16,831 · program services $16,831

  • 24b · Other expenses: OTHER EXPENSES

    total $1,718 · program services $1,718

  • 24c · Other expenses: PROPERTY MAINTENANCE

    total $100 · program services $100

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $105,289 · end of year $89,548

  • 4 · Accounts receivable

    beginning of year $1,414 · end of year $1,788

  • 11 · Investments: publicly traded securities

    beginning of year $1,307,387 · end of year $1,426,838

  • 15 · Other assets

    beginning of year $118,408 · end of year $118,408

  • 27 · Net assets without donor restrictions

    beginning of year $1,506,424 · end of year $1,620,230

  • 28 · Net assets with donor restrictions

    beginning of year $26,074 · end of year $16,352

Mission and programs · 2022

Mission

THE FOUNDATION'S PRIMARY PURPOSE IS TO PROMOTE AND RECEIVE CONTRIBUTIONS FROM THE PUBLIC TO PROVIDE GRANTS AND OTHER FINANCIAL SUPPORT TO BETHANY ASSISTED LIVING, INC WHICH IS EXEMPT UNDER SECTION 501(C)(3) AND WHICH IS ORGANIZED AND OPERATES TO PROMOTE THE WELFARE OF THE ELDERLY.

  • THE FOUNDATION IS ESTABLISHED TO PROVIDE SUPPORT TO BETHANY ASSISTED LIVING, INC AND ANY FUTURE FACILITIES.

    Expenses $72,676 · Grants $42,264

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Becky Livingston

    CEO

    Total calculated
    $181,673
    From this org
    $0
    From related orgs
    $166,086
    Other
    $15,587

    Schedule J breakdown matched by us

    Base
    not reported + $166,086 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $15,587 related
    Filer's total
    not reported + $181,673 related

  • Edwin Akins

    TRUSTEE

    Total calculated
    $2,000
    From this org
    $0
    From related orgs
    $2,000
    Other
    $0

  • Rufus L Akins

    TRUSTEE

    Total calculated
    $2,000
    From this org
    $0
    From related orgs
    $2,000
    Other
    $0

  • Sherri Dollar

    TRUSTEE

    Total calculated
    $2,000
    From this org
    $0
    From related orgs
    $2,000
    Other
    $0

  • Rose Mary Gee

    SECRETARY-TR

    Total calculated
    $2,000
    From this org
    $0
    From related orgs
    $2,000
    Other
    $0

  • Terry Manuel

    TRUSTEE

    Total calculated
    $2,000
    From this org
    $0
    From related orgs
    $2,000
    Other
    $0

  • Wade McElveen

    TRUSTEE

    Total calculated
    $2,000
    From this org
    $0
    From related orgs
    $2,000
    Other
    $0

  • Carolyn Phillips

    CHAIRMAN

    Total calculated
    $2,000
    From this org
    $0
    From related orgs
    $2,000
    Other
    $0

  • Steven Rigdon

    VICE-CHAIR

    Total calculated
    $2,000
    From this org
    $0
    From related orgs
    $2,000
    Other
    $0

  • William M Trapnell

    TRUSTEE

    Total calculated
    $2,000
    From this org
    $0
    From related orgs
    $2,000
    Other
    $0

  • R Lindsay Walker

    TRUSTEE

    Total calculated
    $0

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART III
OFFICERS' SALARIES ARE PAID BY A SEPARATE 501(C)(3) ORGANIZATION WHOSE BOARD OF TRUSTEES APPROVES ALL COMPENSATION PAYMENTS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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
5 October 2023
IRS schema version
2022v5.0
Source object
202323129349303662

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