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Nonprofiteer
← BETHANY CENTER FOR PRAYER AND RENEWAL INC

Form 990 for tax year 2023

Filed by BETHANY CENTER FOR PRAYER AND RENEWAL INC.

Totals

Total revenue
$1,151,635
Total expenses
$216,308
Contributions and grants received
$1,112,422
Grants paid
$0
Program service revenue
$0
Investment income
$29,613
Other revenue
$9,600
Total assets, end of year
$4,648,248
Total liabilities, end of year
$1,468,155
Net assets or fund balances, end of year
$3,180,093
Program services expenses (Part IX)
$207,090
Management and general expenses
$9,110
Fundraising expenses
$108
Program service expenses (Part III)
$207,090

Program services were 95.7% 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

    $1,112,422

  • 3 · Investment income

    total $12,394 · related or exempt $12,394

  • 6a · Gross rents

    real property $9,600

  • 6c · Rental income or loss

    real property $9,600

  • 6d · Net rental income or loss

    total $9,600 · related or exempt $9,600

  • 7a · Gross sales of assets other than inventory

    other assets $17,219

  • 7c · Gain or loss

    other assets $17,219

  • 7d · Net gain or loss

    total $17,219 · related or exempt $17,219

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $4,628 · management and general $4,628

  • 11c · Fees: accounting

    total $2,790 · management and general $2,790

  • 11g · Fees: other

    total $21,368 · program services $21,368

  • 12 · Advertising and promotion

    total $258 · program services $258

  • 13 · Office expenses

    total $1,692 · management and general $1,692

  • 20 · Interest

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

  • 22 · Depreciation, depletion and amortization

    total $90,759 · program services $90,759

  • 23 · Insurance

    total $17,118 · program services $17,118

  • 24a · Other expenses: Retreat Expenses

    total $17,729 · program services $17,729

  • 24b · Other expenses: Building Maintenance

    total $10,346 · program services $10,346

  • 24c · Other expenses: Groundskeeping

    total $16,303 · program services $16,303

  • 24d · Other expenses: Utilities

    total $9,341 · program services $9,341

  • 24e · All other expenses

    total -$130 · program services -$238 · fundraising $108

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $20,158 · end of year $65,464

  • 2 · Savings and temporary cash investments

    beginning of year $90,768 · end of year $1,053,000

  • 4 · Accounts receivable

    beginning of year $1,600 · end of year $2,318

  • 9 · Prepaid expenses and deferred charges

    beginning of year $17,118 · end of year $17,263

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

    $3,707,877

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

    $197,674

  • 10c · Land, buildings and equipment, net

    beginning of year $3,541,073 · end of year $3,510,203

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,063 · end of year $19,168

  • 22 · Loans and payables to officers and key people

    beginning of year $1,424,881 · end of year $1,448,987

  • 27 · Net assets without donor restrictions

    beginning of year $2,244,773 · end of year $3,180,093

Mission and programs · 2023

Mission

PROVIDE THE OPPORTUNITY FOR 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 $207,090

As filed on the 2023 return.

Listed in Part VII

  • 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

  • Jeffrey Huard

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.19

  • Sheryl Moran

    BOARD 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

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
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202443199349308654

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