2019-05-15T11:24:44-05:00 2018-06-30 450250958 Eide Bailly LLP 200 East 10th Street Suite 500 Sioux Falls SD 571175125 990 2017-07-01 201569453 Bethany Lutheran Foundation Inc BETH 6053382351 1901 South Holly Avenue Sioux Falls SD 57105 Deborah Herrboldt CEO - Bethany Lutheran Home 6053382351 2019-05-15 1 Joy Feige P00745463 6053391999 2019-05-15 199.247.46.118 2019-05-15 10:42:25 CD P BCC7DF2A838E86703654F11017E75D232FBEC976 C0D13F5200C3EAC3B768954171BB2F4B8F93AFC8 2017 2019-02-21 02:37:17Z Denis Andersen 1901 South Holly Avenue Sioux Falls SD 57105 134940 0 X www.foundationforbethany.org X 2004 SD To raise funds to aid in the continuing operations of Bethany Lutheran Home and Bethany Meadows. 4 4 0 52 0 0 78727 55752 0 0 15122 18317 -3872 40967 89977 115036 39071 115583 0 0 24672 26180 0 0 14153 21265 23805 85008 165568 4969 -50532 479086 458377 646068 677458 -166982 -219081 The Bethany Lutheran Foundation's primary focus is to raise funds to aid in the continuing operations of Bethany Lutheran Home and Bethany Meadows. 0 0 115583 115583 0 The Bethany Lutheran Foundation raised funds to aid in the continuing operations of Bethany Lutheran Home and Bethany Meadows. One event was held during the year and grants in the amount of $115,583 were provided to Bethany Lutheran Home and Bethany Meadows. 115583 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 1 0 0 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 X 4 4 1 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 0 X Deborah Herrboldt 6053382351 1901 S Holly Avenue Sioux Falls SD 57105 Denis Andersen President 1.00 1.00 X X 0 0 0 Doug Larson Vice President 1.00 0.00 X X 0 0 0 Dave Howard Secretary/Treasurer 1.00 0.00 X X 0 0 0 Pastor Greg Johnson Director 1.00 1.00 X X 0 0 0 Jim Sanden Director until April 2018 1.00 0.00 X X 0 0 0 Carmen J Dougherty Foundation Director 13.00 27.00 X 0 57499 16751 Deborah Herrboldt CEO - Bethany Lutheran Home 1.00 40.00 X 0 124097 20909 Neil Frizzell CFO - Bethany Lutheran Hom 1.00 40.00 X 0 124928 6846 0 306524 44506 0 0 0 0 0 29181 26571 55752 12851 12851 5466 0 5466 5466 5466 60871 29181 19904 40967 40967 115036 0 0 59284 115583 115583 24640 12320 12320 1540 770 770 2450 2450 2264 2264 500 500 15808 15808 2763 1700 1063 Dues, License & Reg Exp 20 20 165568 115583 35832 14153 56658 62052 382648 355737 39780 40588 479086 458377 283 283 645785 677175 646068 677458 X -206762 -259669 39780 40588 -166982 -219081 479086 458377 X -50532 -2375 808 X 0 1 X 1 0 X X X 1 Bethany Lutheran Home for the Aged Inc 460233029 10 1 115583 0 1 115583 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 Beneficial interest in a community foundation fund 40588 40588 Due to Bethany Lutheran Home 677175 677175 X Part X, Line 2: Bethany Lutheran Foundation, Inc. is organized as a South Dakota nonprofit corporation and has been recognized by the Internal Revenue Service (IRS) as exempt from federal income taxes under Internal Revenue Code Section 501(c)(3). The foundation is annually required to file a Return of Organization Exempt from Income Tax (Form 990) with the IRS. 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. Foundation Dinner 60125 8890 51235 8407 2500 1644 Golf Tournament 29927 20291 9636 4864 250 2239 90052 29181 60871 4864 8657 2500 3883 19904 40967 1 Bethany Lutheran Home for the AgedInc 1901 S Holly Ave Sioux Falls SD 57105 460233029 501(C)(3) 115583 General surpport of operation of nursing homes. 1 Part I, Line 2: All grants funds go to a related organization, Bethany Lutheran Home. Common board members and the CEO and CFO work together to ensure grant funds are used appropriately. Form 990, Part VI, Section A, line 2 Carmen Dougherty, Deborah Herrboldt, and Neil Frizzell 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, 2018, 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 808. 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 0 0 1 1 1 0 1 0