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Nonprofiteer
← BETHANY LUTHERAN FOUNDATION INC

Form 990 for tax year 2022

Filed by BETHANY LUTHERAN FOUNDATION INC.

Totals

Total revenue
$95,090
Total expenses
$131,991
Contributions and grants received
$100,304
Grants paid
$113,203
Program service revenue
$0
Investment income
-$5,214
Other revenue
$0
Total assets, end of year
$645,953
Total liabilities, end of year
$8,084
Net assets or fund balances, end of year
$637,869
Program services expenses (Part IX)
$113,203
Management and general expenses
$11,493
Fundraising expenses
$7,295
Program service expenses (Part III)
$113,203

Program services were 85.8% 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.

  • 1f · All other contributions, gifts and grants

    $100,304

  • 1g · Noncash contributions included above

    $7,000

  • 3 · Investment income

    total $14,591 · excluded $14,591

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

    securities $19,805

  • 7c · Gain or loss

    securities -$19,805

  • 7d · Net gain or loss

    total -$19,805 · excluded -$19,805

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $113,203 · program services $113,203

  • 11c · Fees: accounting

    total $2,609 · management and general $2,609

  • 11f · Fees: investment management

    total $2,494 · management and general $2,494

  • 11g · Fees: other

    total $6,390 · management and general $6,390

  • 12 · Advertising and promotion

    total $591 · fundraising $591

  • 13 · Office expenses

    total $3,007 · fundraising $3,007

  • 24a · Other expenses: Licenses & Dues

    total $2,160 · fundraising $2,160

  • 24e · All other expenses

    total $1,537 · fundraising $1,537

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $254,849 · end of year $189,899

  • 11 · Investments: publicly traded securities

    beginning of year $401,485 · end of year $415,738

  • 15 · Other assets

    beginning of year $39,069 · end of year $40,316

  • 25 · Other liabilities

    beginning of year $44,135 · end of year $8,084

  • 27 · Net assets without donor restrictions

    beginning of year $542,782 · end of year $505,771

  • 28 · Net assets with donor restrictions

    beginning of year $108,486 · end of year $132,098

Mission and programs · 2022

Mission

The Bethany Lutheran Foundation's primary focus is to raise funds to aid in the continuing operations of Bethany Lutheran Home for the Aged Inc.

Activities or mission (Part I)

To raise funds to aid in the continuing operations of Bethany Lutheran Home for the Aged Inc.

  • The Bethany Lutheran Foundation raised funds to aid in the continuing operations of Bethany Lutheran Home for the Aged Inc. One event was held during the year and grants in the amount of $113,203 were provided to Bethany Lutheran Home for the Aged Inc.

    Expenses $113,203 · Grants $113,203

As filed on the 2022 return.

Listed in Part VII

  • Denis Andersen

    President

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Pastor Greg Johnson

    Vice President

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Cathy Larson

    Secretary

    Total calculated
    $0
    Hours/week
    0.5

  • David Martin

    Treasurer

    Total calculated
    $0
    Hours/week
    0.5

  • Jim Sanden

    Board Member (as of Jan 23)

    Total calculated
    $0
    Hours/week
    0.5

  • Jim Heinitz

    Board Member (as of Jan 23)

    Total calculated
    $0
    Hours/week
    0.5

  • Dr Victoria Walker

    Board Member (as of Jan 23)

    Total calculated
    $0
    Hours/week
    0.5

  • Sarah Schulte

    Board Member (as of Jan 23)

    Total calculated
    $0
    Hours/week
    0.5

  • Deborah Herrboldt

    CEO/Bethany Lutheran Home

    Total calculated
    $186,119
    From this org
    $0
    From related orgs
    $174,304
    Other
    $11,815
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $155,103 related
    Bonus
    $0 + $8,655 related
    Other
    $0 + $10,546 related
    Deferred
    $0 + $5,199 related
    Nontaxable benefits
    $0 + $6,630 related
    Filer's total
    $0 + $186,133 related

  • Dalton Huber

    CFO/BLH

    Total calculated
    $141,612
    From this org
    $0
    From related orgs
    $131,162
    Other
    $10,450
    Hours/week
    1 + 45 related

  • James Erickson

    Foundation Director

    Total calculated
    $68,735
    From this org
    $0
    From related orgs
    $68,735
    Other
    $0
    Hours/week
    45

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
Bethany Lutheran Foundation Inc relied on the related organization, Bethany Lutheran Home for the Aged, for determining the compensation for the CEO/Bethany Lutheran Home using the methods described in Part I, Line 3.

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
28 March 2024
IRS schema version
2022v5.0
Source object
202400939349301660

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