2024-04-02T13:45:54-05:00 2023-06-30 450250958 EIDE BAILLY LLP 345 N REID PL STE 400 SIOUX FALLS SD 571037034 990 2022-07-01 460233029 BETHANY LUTHERAN HOME FOR THE AGED INC BETH 6053382351 1901 SOUTH HOLLY AVENUE SIOUX FALLS SD 57105 DEBORAH HERRBOLDT 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 DEBORAH HERRBOLDT 1901 SOUTH HOLLY AVENUE SIOUX FALLS SD 57105 28312250 0 X WWW.MYBETHANYHOME.ORG X 1950 SD PROVIDE SENIOR LIVING FACILITIES AND CARE FOR THE BODY AND THE SPIRIT. 12 12 425 5 0 0 537988 228591 15587493 15891241 209836 417110 73028 3627594 16408345 20164536 0 240 0 0 9707306 10179306 0 0 95473 7577422 8150281 17284728 18329827 -876383 1834709 29243342 30262577 25580323 24699327 3663019 5563250 MEETING THE PHYSICAL, SOCIAL, AND SPIRITUAL NEEDS OF INDIVIDUALS THROUGH COMPREHENSIVE LONG-TERM AND SHORT-TERM HEALTH CARE. 0 0 16188945 240 19500774 BETHANY LUTHERAN HOME FOR THE AGED CONSISTS OF A 52-BED LONG-TERM CARE FACILITY, 27 ASSISTED LIVING UNITS AND 9 INDEPENDENT LIVING HOMES IN SIOUX FALLS, SOUTH DAKOTA, D/B/A BETHANY LUTHERAN HOME-SIOUX FALLS; A 60 BED LONG-TERM CARE FACILITY IN BRANDON, SOUTH DAKOTA, D/B/A BETHANY LUTHERAN HOME-BRANDON; AND A SENIOR LIVING COMMUNITY IN BRANDON, SOUTH DAKOTA, D/B/A BETHANY MEADOWS. BETHANY MEADOWS CONSISTS OF 66 INDEPENDENT OR ASSISTED LIVING UNITS AND 56 TWIN HOMES. 16188945 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 23 0 1 425 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X DEBORAH HERRBOLDT 6053382351 1901 SOUTH HOLLY AVENUE SIOUX FALLS SD 57105 ROSE GRANT PRESIDENT 1.00 0.00 X X 0 0 0 LEE PERSON FIRST VP 1.00 0.00 X X 0 0 0 JIM SANDEN SECRETARY 1.00 0.00 X X 0 0 0 SUE MARTENS TREASURER (UNTIL DEC 22) 1.00 0.00 X X 0 0 0 SUSAN KRUSE TREASURER (AS OF JAN 23) 1.00 0.00 X X 0 0 0 ROBERT ANDERSON 2ND VICE PRESIDENT 1.00 0.00 X X 0 0 0 PASTOR GREG JOHNSON PASTORAL ADVISOR 1.00 0.50 X 0 0 0 ELLEN JOHNSON BOARD MEMBER 1.00 0.00 X 0 0 0 PASTOR KEVIN JENSEN BOARD MEMBER (UNTIL DEC 22) 1.00 0.00 X 0 0 0 MARY LEE GAYER-FITCH BOARD MEMBER (UNTIL DEC 22) 1.00 0.00 X 0 0 0 PAT SEINER BOARD MEMBER (UNTIL DEC 22) 1.00 0.00 X 0 0 0 PASTOR TOM STADEM BOARD MEMBER (UNTIL DEC 22) 1.00 0.00 X 0 0 0 PASTOR LORI HOPE BOARD MEMBER 1.00 0.00 X 0 0 0 JOEL FLIER BOARD MEMBER 1.00 0.00 X 0 0 0 MAY HENDRICKS-WILLKENS BOARD MEMBER (AS OF JAN 23) 1.00 0.00 X 0 0 0 JOHN PAULSON BOARD MEMBER (AS OF JAN 23) 1.00 0.00 X 0 0 0 LYNDA FONDER BOARD MEMBER (AS OF JAN 23) 1.00 0.00 X 0 0 0 DEBORAH HERRBOLDT CEO 45.00 1.00 X 174304 0 11815 DALTON HUBER CFO 45.00 1.00 X 131162 0 10450 KATIE PAAUW LPN 1.00 0.00 X 100173 0 7087 405639 0 29352 3 0 0 0 GA JOHNSON CONSTRUCTION INC 27153 SD-115 101 HARRISBURG SD 57032 CONSTRUCTION 1154220 GOODCARE LLC 1000 NORTHWEST AVE SUITE 210 SIOUX FALLS SD 57104 THERAPY 777220 INTERIM HEALTHCARE 3608 S SOUTHEASTERN AVE SIOUX FALLS SD 57103 CONTRACT LABOR 184248 MARCO TECHNOLOGIES 4001 N LEWIS AVE SIOUX FALLS SD 57104 IT 150385 BUILDING SERVICES GROUP 26567 E SHORE PL HARTFORD SD 57033 CONSTRUCTION 144768 6 113203 115388 228591 RESIDENT ROUTINE CARE 623000 14976488 14976488 HOUSING MAINTENANCE FEE INCOME 900099 644202 644202 ENTRANCE FEE AMORTIZATION 900099 225733 225733 44818 44818 15891241 162428 162428 96737 24623 72114 72114 55324 16790 7895832 479589 8000438 120301 -104606 359288 254682 254682 3623 2352 1271 1271 EMPLOYEE RETENTION CREDIT 900099 3554209 3554209 3554209 20164536 19500774 0 435171 240 240 348930 348930 8588474 7964280 539670 84524 44090 34019 10071 546405 491305 55085 15 651407 582043 62903 6461 2119 2119 65127 65127 20062 20062 1768757 1594425 174332 40407 4543 35864 712415 594746 113196 4473 205454 205454 930460 856528 73932 48846 47949 897 61405 27857 33548 695004 695004 1503066 1399699 103367 266506 248001 18505 MEDICAL SUPPLIES 722952 709934 13018 FOOD 703726 703726 BAD DEBT EXPENSE 149956 149956 WORKERS COMPENSATION IN 102835 102835 151184 84690 66494 18329827 16188945 2045409 95473 956709 175400 1084071 1014767 44135 8084 70137 76800 70632 57179 42709215 20705194 22075141 22004021 4922504 3351693 20013 3574633 29243342 30262577 1209322 1099164 122262 24026 23099 22322 15382694 14845964 8842946 8707851 25580323 24699327 X 3638019 5563250 25000 0 3663019 5563250 29243342 30262577 X 1834709 90506 -24984 X 0 1 X 1 1 1 X 23216 164562 3349764 537988 228591 4304121 13446210 14148004 13519787 15673575 15946565 72734141 7718 6534 1759 2964 1271 20246 13477144 14319100 16871310 16214527 16176427 77058508 0 0 0 77058508 197539 184544 181225 194850 179218 937376 197539 184544 181225 194850 179218 937376 13674683 14503644 17052535 16409377 16355645 77995884 0.98800 0.98870 0.01200 0.01130 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 195819 195819 39099087 18529435 20569652 2320910 1585029 735881 1093399 590730 502669 22004021 RESIDENT TRUST CHECKING 20424 EMPLOYEE RETENTION CREDIT 3554209 3574633 ENTRANCE FEES PAYABLE 8669601 DEPOSITS PAYABLE 38250 8707851 X 20260568 90506 25588 116094 20144474 20062 20062 20164536 18336740 26975 26975 18309765 20062 20062 18329827 PART IV, LINE 2B: THIS IS A RESIDENT TRUST ACCOUNT. THE FACILITY TRACKS THE FUNDS IN THIS ACCOUNT BY RESIDENT. RESIDENTS MAY WITHDRAW FUNDS AS REQUESTED BASED ON THEIR INDIVIDUAL ACCOUNT BALANCE. THE FUNDS ARE HELD ON BEHALF OF THE RESIDENTS FOR THEIR CONVENIENCE. PART X, LINE 2: BETHANY LUTHERAN HOME FOR THE AGED 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 CONSOLIDATED FINANCIAL STATEMENTS. BETHANY LUTHERAN HOME FOR THE AGED 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: COGS INCLUDED IN EXPENSES ON AUDIT FINANCIALS 2,352. RENTAL EXPENSE INCLUDED IN EXPENSES ON AUDIT FINANCIALS 24,623. CHANGE IN VALUE OF BENEFICIAL INTEREST IN COMMUNITY FOUNDATION FUND -1,387. PART XII, LINE 2D - OTHER ADJUSTMENTS: COGS INCLUDED IN REVENUE ON FORM 990 2,352. RENTAL EXPENSES INCLUDED IN REVENUE ON FORM 990 24,623. X X 0 0 0 0 0 0 0 1 0 DEBORAH HERRBOLDT CEO 155103 0 8655 0 10546 0 5199 0 6630 0 186133 0 0 0 PART I, LINE 7 DEBORAH HERRBOLDT RECEIVED A BONUS FOR HAVING GOOD SURVEY RESULTS. PRIOR YEAR SURVEYS INCLUDED NUMEROUS "TAGS" FOR VARIOUS ITEMS AND THIS YEAR SHOWED SIGNIFICANT IMPROVEMENT. FORM 990, PART VI, SECTION A, LINE 1A THE FOUR OFFICERS, TOGETHER WITH THE PASTORAL ADVISORS, SHALL COMPRISE AN EXECUTIVE COMMITTEE WITH POWER TO ACT FOR THE BOARD OF DIRECTORS IN THE INTERIM BETWEEN BOARD MEETINGS, BUT SHALL NOT HAVE POWER TO RECONSIDER OR REVERSE ANY ACTION OF POLICY OF THE BOARD. THE PRESIDENT, SECRETARY AND/OR TWO BOARD MEMBERS MAY CALL MEETINGS AT ANY TIME AND THREE MEMBERS SHALL CONSTITUTE A QUORUM. IT SHALL REPORT ALL OF ITS ACTIONS TO THE BOARD OF DIRECTORS. A WRITTEN RECORD OF ATTENDANCE AND BUSINESS TRANSACTED SHALL BE MAINTAINED BY THE SECRETARY. FORM 990, PART VI, SECTION B, LINE 11B CEO AND CFO WILL REVIEW THE 990 IN DETAIL. 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 BETHANY LUTHERAN HOME CREATES AN ANNUAL BUDGET THAT INCLUDES SALARY INCREASES FOR ALL STAFF. THIS BUDGET IS PRESENTED TO THE BOARD WITH AN EXPLANATION OF WHAT INCREASES WERE BUILT INTO 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 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. ADDITIONALLY, COMPENSATION SURVEYS ARE USED IN DETERMINING THE COMPENSATION OF THE CEO AND CFO. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: ROUNDING 16. NET ASSETS RELEASED FROM RESTRICTION -25,000. BETHANY LUTHERAN FOUNDATION 3008 E ASPEN BOULEVARD BRANDON SD 57005 201569453 RAISE FUNDS AS A SUPPORTING ORGANIZATION OF BETHANY LUTHERAN HOME. SD 501(C)(3) LINE 12A, I BETHANY LUTHERAN HOME FOR THE AGED INC 1 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 BETHANY LUTHERAN FOUNDATION C 113203 COST