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Nonprofiteer
← BETHANY CENTER FOR PRAYER AND RENEWAL INC

Form 990 for tax year 2022

Filed by BETHANY CENTER FOR PRAYER AND RENEWAL INC.

Totals

Total revenue
$242,807
Total expenses
$183,774
Contributions and grants received
$236,286
Grants paid
$0
Program service revenue
$1,600
Investment income
$4,921
Other revenue
$0
Total assets, end of year
$3,653,599
Total liabilities, end of year
$1,425,944
Net assets or fund balances, end of year
$2,227,655
Program services expenses (Part IX)
$167,432
Management and general expenses
$16,342
Fundraising expenses
$0
Program service expenses (Part III)
$167,432

Program services were 91.1% 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

    $236,286

  • 1g · Noncash contributions included above

    $226,568

  • 2a · Program service revenue: RETREAT INCOME

    total $1,600 · related or exempt $1,600

  • 3 · Investment income

    total $2,103 · excluded $2,103

  • 7a · Gross sales of assets other than inventory

    securities $222,666 · other assets $6,720

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

    securities $226,568 · other assets $0

  • 7c · Gain or loss

    securities -$3,902 · other assets $6,720

  • 7d · Net gain or loss

    total $2,818 · excluded $2,818

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $3,060 · management and general $3,060

  • 11c · Fees: accounting

    total $3,835 · management and general $3,835

  • 11g · Fees: other

    total $8,425 · management and general $8,425

  • 12 · Advertising and promotion

    total $3,839 · program services $3,839

  • 13 · Office expenses

    total $1,022 · management and general $1,022

  • 16 · Occupancy

    total $34,141 · program services $34,141

  • 20 · Interest

    total $24,106 · program services $24,106

  • 22 · Depreciation, depletion and amortization

    total $78,139 · program services $78,139

  • 23 · Insurance

    total $26,440 · program services $26,440

  • 24a · Other expenses: RETREAT EXPENSE

    total $767 · program services $767

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,211,932 · end of year $20,158

  • 2 · Savings and temporary cash investments

    end of year $90,768

  • 4 · Accounts receivable

    end of year $1,600

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

    $3,631,293

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

    $90,220

  • 10c · Land, buildings and equipment, net

    beginning of year $3,515,232 · end of year $3,541,073

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,541 · end of year $1,063

  • 22 · Loans and payables to officers and key people

    beginning of year $3,553,001 · end of year $1,424,881

  • 27 · Net assets without donor restrictions

    beginning of year $2,168,622 · end of year $2,227,655

Mission and programs · 2022

Mission

PROVIDE THE OPPORTUNITY FOR PEOPLE TO ENCOUNTER GOD THROUGH REFLECTION, RADICAL HOSPITALITY, AND RESURRECTION.

Activities or mission (Part I)

TO HELP PEOPLE TO ENCOUNTER GOD THROUGH REFLECTION, RADICAL HOSPITALITY, AND RESURRECTION.

  • 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. RETREATS WERE HELD FOR SEVERAL PRIESTS BEGINNING IN THE FALL OF 2022 AND WE BEGAN TO SEE THE VISION FOR BETHANY CENTER TAKE LIFE. WE WILL EXPAND RETREATS TO SERVE MORE PRIESTS AND LAY PEOPLE GOING FORWARD.

    Expenses $167,432 · Revenue $1,600

As filed on the 2022 return.

Listed in Part VII

  • SHERYL MORAN

    CHAIR

    Total calculated
    $0
    Hours/week
    15

  • FR BRIAN FISCHER

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    10

  • CORRINA CONLEY

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • JEFFREY HUARD

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.19

  • JONATHAN KELLY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.12

  • MANDY SEYMOUR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.12

  • JASON WALGRAVE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
11 October 2023
IRS schema version
2022v5.0
Source object
202302859349301575

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