2016-05-06T08:20:01-05:00 2015-06-30 450250958 Eide Bailly LLP 200 East 10th Street Suite 500 Sioux Falls SD 571175125 990 2014-07-01 201569453 Bethany Lutheran Foundation Inc BETH 6053382351 1901 South Holly Avenue Sioux Falls SD 57105 James F Sanden Vice President 6053382351 2016-05-04 1 Laurie Hanson P00851848 6053391999 2016-05-04 2014 2016-08-17 19:52:53Z Norris Einertson 1901 South Holly Avenue Sioux Falls SD 57105 112437 0 X www.foundationforbethany.org X 2004 SD To raise funds to aid in the continuing operations of Bethany Lutheran Home and Bethany Meadows. 3 3 0 43 0 0 68554 67799 0 0 3254 10552 9664 21889 81472 100240 0 47203 0 0 70982 42070 0 0 22680 49749 14942 120731 104215 -39259 -3975 467577 519087 546692 605971 -79115 -86884 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 48463 47203 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 $47,203 were provided to Bethany Lutheran Home and Bethany Meadows. 48463 1 0 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 3 3 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 0 X Neil Frizzell 6055825252 3012 E Aspen Boulevard Brandon SD 57005 Norris Einertson President 1.00 0.00 X X 0 0 0 James Sanden Vice President 1.00 1.00 X X 0 0 0 Doug Larsen Secretary/Treasurer 1.00 0.00 X X 0 0 0 Carmen J Dougherty Foundation Director From 11/2014 13.00 27.00 X 0 51859 0 Trevor Guthmiller Foundation Director Until 11/2014 32.00 0.00 X 0 68496 0 0 120355 0 0 0 0 0 0 1000 66799 67799 9886 9886 666 0 666 666 666 34086 1000 12197 21889 21889 100240 0 0 32441 47203 47203 39704 19852 19852 2366 1183 1183 3218 3218 2113 2113 1100 1100 4872 3227 1645 179 179 Dues, License & Reg Exp 465 465 2995 1260 1735 104215 48463 33072 22680 85917 95964 36127 343645 347641 38015 39355 467577 519087 275 16047 546417 589924 546692 605971 X -117130 -126239 38015 39355 -79115 -86884 467577 519087 -3975 -3794 0 X X 0 1 X 1 0 X X X 1 Bethany Lutheran Home for the Aged Inc 460233029 9 1 47203 0 1 47203 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 39355 39355 Due from Bethany Lutheran Home 589924 589924 X Part X, Line 2: Bethany Lutheran Home for the Aged and Bethany Lutheran Foundation, Inc. are organized as South Dakota nonprofit corporations and have been recognized by the Internal Revenue Service (IRS) as exempt from federal income taxes under Internal Revenue Code Section 501(c)(3). Each corporation is annually required to file a Return of Organization Exempt from Income Tax (Form 990) with the IRS. Each corporation 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. Each corporation 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. Curt Alberty Memorial Golf Tourney 18388 1000 17388 2634 5120 1533 18388 1000 17388 2634 5120 1533 9287 8101 1 Bethany Lutheran Home for the AgedInc 1901 S Holly Ave Sioux Falls SD 57105 460233029 47023 General surpport of operation of nursing homes. 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, 2015, there were no separate committees for the Foundation. Form 990, Part VI, Section B, line 11 The Foundation Director along with the Executive Director and CFO of Bethany Lutheran Home will review the return. A copy of the tax return will be e-mailed to all board members. 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 Bethany Lutheran Foundation does not pay compensation. Instead, 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 XII, Line 2c: The Board of directors for Bethany Lutheran Home assumes responsibility for oversight of the audit and selection of an independent accountant. 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 9 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1