Form 990 for tax year 2024
Filed by BETHESDA FOUNDATION OF WILLMAR.
Totals
- Total revenue
- $583,694
- Total expenses
- $488,777
- Contributions and grants received
- $505,079
- Grants paid
- $370,643
- Program service revenue
- $0
- Investment income
- $37,320
- Other revenue
- $41,295
- Total assets, end of year
- $2,141,312
- Total liabilities, end of year
- $15,704
- Net assets or fund balances, end of year
- $2,125,608
- Program services expenses (Part IX)
- $370,643
- Management and general expenses
- $105,335
- Fundraising expenses
- $12,799
- Program service expenses (Part III)
- $370,643
Program services were 75.8% 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.
-
1c · Fundraising events
$61,880
-
1f · All other contributions, gifts and grants
$443,199
-
3 · Investment income
total $37,320 · excluded $37,320
-
8a · Fundraising events: gross income
$56,983
-
8a · Fundraising events: contributions included on line 1c
$61,880
-
8b · Fundraising events: direct expenses
$23,090
-
8c · Net income from fundraising events
total $33,893 · excluded $33,893
-
10a · Gross sales of inventory
$24,532
-
10b · Cost of goods sold
$17,130
-
10c · Net income from sales of inventory
total $7,402 · unrelated business $3,680 · excluded $3,722
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $370,643 · program services $370,643
-
7 · Other salaries and wages
total $79,573 · management and general $79,573
-
9 · Other employee benefits
total $600 · management and general $600
-
11c · Fees: accounting
total $21,737 · management and general $21,737
-
12 · Advertising and promotion
total $3,425 · management and general $3,425
-
24a · Other expenses: FUNDRAISING EXPENSES
total $12,799 · fundraising $12,799
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,224,320 · end of year $1,241,554
-
3 · Pledges and grants receivable
beginning of year $77,498 · end of year $147,498
-
10a · Land, buildings and equipment: cost or other basis
$812
-
10b · Land, buildings and equipment: accumulated depreciation
$812
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $697,995 · end of year $752,260
-
17 · Accounts payable and accrued expenses
beginning of year $5,965 · end of year $644
-
25 · Other liabilities
beginning of year $0 · end of year $15,060
-
27 · Net assets without donor restrictions
beginning of year $1,993,848 · end of year $2,125,608
Mission and programs · 2024
Mission
BETHESDA FOUNDATION IS DRIVEN TO AMPLIFY THE MISSION AND MINISTRY OF BETHESDA THROUGH PHILANTHROPY.
Activities or mission (Part I)
SUPPORTING ORGANIZATION OF BETHESDA AND AFFILIATES.
-
PROVISION OF SUPPORT AND FUNDING TO BETHESDA, CENTENNIAL SQUARE, AND SUNRISE VILLAGE, ALL 501(C)(3) ORGANIZATIONS, IN ORDER TO ASSIST THEM IN PROVIDING NURSING CARE AND HOUSING TO THE ELDERLY.
Expenses $370,643 · Grants $370,643
As filed on the 2024 return.
Listed in Part VII
-
Julie KveeneJULIE KVEENE
CHAIR
- Total calculated
- $0
- Hours/week
- 0.1 + 0.4 related
-
Steve DresserSTEVE DRESSER
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.1 + 0.4 related
-
Noah HultgrenNOAH HULTGREN
TREASURER
- Total calculated
- $0
- Hours/week
- 0.1 + 0.4 related
-
Connie Venderbill-MedinCONNIE VENDERBILL-MEDIN
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.1 + 0.4 related
-
Paulette LindquistPAULETTE LINDQUIST
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1 + 0.4 related
-
Milt SwensonMILT SWENSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1 + 0.4 related
-
Karen MarcusKAREN MARCUS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1 + 0.4 related
-
Lester HeitkeLESTER HEITKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.4 + 0.1 related
-
Michelle HaefnerMICHELLE HAEFNER
CEO
- Total calculated
- $380,743
- From this org
- $0
- From related orgs
- $339,910
- Other
- $40,833
- Hours/week
- 8 + 32 related
Schedule J breakdown matched by us
- Base
- $0 + $339,910 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $10,197 related
- Nontaxable benefits
- $0 + $30,636 related
- Filer's total
- $0 + $380,743 related
-
Tamala GjerdeTAMALA GJERDE
FINANCE DIRECTOR
- Total calculated
- $126,160
- From this org
- $0
- From related orgs
- $99,860
- Other
- $26,300
- Hours/week
- 8 + 32 related
-
Sam QuamSAM QUAM
VP OF OPERATIONS
- Total calculated
- $177,362
- From this org
- $0
- From related orgs
- $142,225
- Other
- $35,137
- Hours/week
- 8 + 32 related
Schedule J breakdown matched by us
- Base
- $0 + $142,225 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $4,501 related
- Nontaxable benefits
- $0 + $30,636 related
- Filer's total
- $0 + $177,362 related
-
Mary LathamMARY LATHAM
FOUNDATION DIRECTOR
- Total calculated
- $66,847
- From this org
- $0
- From related orgs
- $65,847
- Other
- $1,000
- Hours/week
- 32 + 8 related
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)
- PART I, LINE 3
- THE CEO IS COMPENSATED BY BETHESDA, A MINNESOTA NON-PROFIT RELATED ORGANIZATION. BETHESDA USES THE FOLLOWING TO ESTABLISH THE CEO'S COMPENSATION. 1. INDEPENDENT COMPENSATION CONSULTANT 2. COMPENSATION SURVEY 3. APPROVAL BY THE BOARD OF DIRECTORS OR COMPENSATION COMMITTEE
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
-
$368,995
TO SUPPORT RELATED ORGANIZATION'S OPERATIONS
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.
-
501(C)(3) · NURSING HOME · MN · controlled entity
Directly controlled by SEE PART VII
-
501(C)(3) · INDEPENDENT & ASSISTED LIVING · MN · controlled entity
Directly controlled by SEE PART VII
-
501(C)(3) · LOW INCOME HOUSING · MN · controlled entity
Directly controlled by SEE PART VII
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 20 July 2026
- IRS schema version
- 2024v5.5
- Source object
- 202642049349300839
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