2024-04-02T13:46:11-05:00 2023-06-30 450250958 Eide Bailly LLP 345 N Reid Pl Ste 400 Sioux Falls SD 571037034 990 2022-07-01 201569453 Bethany Lutheran Foundation Inc BETH 6053382351 1901 S Holly Ave Sioux Falls SD 57105 Deborah Herrboldt Administrator/CEO 6053382351 2024-03-28 1 Deborah Herrboldt 999009999 1 Laurie Hanson CPA P00851848 6053391999 2024-03-25 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Denis Andersen 1901 S Holly Ave Sioux Falls SD 57105 114895 0 X www.foundationforbethany.org X 2004 SD To raise funds to aid in the continuing operations of Bethany Lutheran Home for the Aged Inc. 8 8 0 4 0 0 134501 100304 0 0 23791 -5214 -6882 0 151410 95090 95648 113203 0 0 0 0 0 0 7295 12508 18788 108156 131991 43254 -36901 695403 645953 44135 8084 651268 637869 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. 0 0 113203 113203 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. 113203 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 1 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 0 X Dalton Huber 6053382351 1901 S Holly Avenue Sioux Falls SD 57105 Denis Andersen President 0.50 1.00 X X 0 0 0 Pastor Greg Johnson Vice President 0.50 1.00 X X 0 0 0 Cathy Larson Secretary 0.50 0.00 X X 0 0 0 David Martin Treasurer 0.50 0.00 X X 0 0 0 Jim Sanden Board Member (as of Jan 23) 0.50 0.00 X 0 0 0 Jim Heinitz Board Member (as of Jan 23) 0.50 0.00 X 0 0 0 Dr Victoria Walker Board Member (as of Jan 23) 0.50 0.00 X 0 0 0 Sarah Schulte Board Member (as of Jan 23) 0.50 0.00 X 0 0 0 Deborah Herrboldt CEO/Bethany Lutheran Home 1.00 45.00 X 0 174304 11815 Dalton Huber CFO/BLH 1.00 45.00 X 0 131162 10450 James Erickson Foundation Director 45.00 0.00 X 0 68735 0 0 374201 22265 0 0 1 0 0 100304 7000 100304 14591 14591 19805 -19805 -19805 -19805 95090 0 0 -5214 113203 113203 2609 2609 2494 2494 6390 6390 591 591 3007 3007 Licenses & Dues 2160 2160 1537 1537 131991 113203 11493 7295 254849 189899 401485 415738 39069 40316 695403 645953 44135 8084 44135 8084 X 542782 505771 108486 132098 651268 637869 695403 645953 X -36901 22269 1233 X 0 1 X 1 0 X X X 1 Bethany Lutheran Home for the Aged Inc 460233029 10 1 113203 0 1 113203 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 Beneficial interest in a community 40316 40316 Due to/from Bethany Lutheran Home 8084 8084 X 114865 22269 22269 92596 2494 2494 95090 129497 0 129497 2494 2494 131991 Part X, Line 2: The Foundation believes that it has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. The foundation would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred. 1 Bethany Lutheran Home for the Aged Inc 1901 S Holly Ave Sioux Falls SD 57105 460233029 501 (c)(3) 113203 0 General support of operation of nursing homes 1 0 Part I, Line 2 All grant funds go to a related organization, Bethany Luthern Home. Common board members and the CEO and CFO work together to ensure grant funds are used appropriatley. 0 0 0 0 0 0 0 0 0 Deborah Herrboldt CEO/Bethany Lutheran Home 0 155103 0 8655 0 10546 0 5199 0 6630 0 186133 0 0 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. Form 990, Part VI, Section A, line 2 Deborah Herrboldt, Dalton Huber and James Erickson have a business relationship with each other and with Denis Andersen and Pastor Greg Johnson who are on the board of directors of Bethany Lutheran Home. The board of directors of Bethany Lutheran Home sets the compensation for all staff. Form 990, Part VI, Section A, line 6 The Foundation has one Member, Bethany Lutheran Home for the Aged, Inc., a South Dakota nonprofit corporation. Form 990, Part VI, Section A, line 7a The Member shall appoint the Board of Directors of the Foundation. Form 990, Part VI, Section A, line 7b All rights of the Member of the corporation, whether voting rights or otherwise, shall be exercised, and all actions permitted or required by the Member shall be taken, only upon due authorization thereof by its Board of Directors, and no person, whether a Director, officer or otherwise, may act individually on behalf of the Member unless first authorized to do so by resolution of its Board of Directors. Form 990, Part VI, Section A, line 8b During the year ended June 30, 2023, there were no separate committees for the Foundation. Form 990, Part VI, Section B, line 11b The Foundation Director along with the CEO and CFO of Bethany Lutheran Home will review the return. After their review, the 990 will be provided to each Board Member. Form 990, Part VI, Section B, line 12c Officers and Directors are required to complete conflict of interest questionnaires which are monitored and tracked. The questionnaires are reviewed by the Board for any possible conflicts with any noted conflicts being brought to management's attention. Conflicts are also reviewed at the Board level. After a conflict is deemed to exist, the individual(s) involved must abstain from the discussion and vote related to the issue. Form 990, Part VI, Section B, line 15 Persons doing work for the Foundation are compensated through Bethany Lutheran Home, and the policies of the Home are used for determining compensation. Bethany Home creates an annual budget that includes salary increases for all staff. This budget is presented to the Board with an explanation of what salary increases were built in to the budget. The Board approves the budget and salary increases for all staff for the next fiscal year. The increase to compensation for all staff must then be at or below the approved increase in the budget. The compensation changes are implemented on the employee's anniversary date after an employee evaluation has been completed and documented. Form 990, Part VI, Section C, line 19 Documents are made available upon request. Form 990, Part XI, line 9: Change in the value of beneficial interest in community foundation 1,247. Rounding -14. Bethany Lutheran Home for the Aged 1901 S Holly Ave Sioux Falls SD 57105 460233029 Long-term care and assisted living SD 501(c)(3) Line 10 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 1 0 0 0