Nonprofit · EIN 47-0497753
BETHESDA FOUNDATION
Also known as BETHESDA SENIOR LIVING COMMUNITIES
Tax-exempt · COLORADO SPGS, CO 80920
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $57,298,859 | $59,667,132 | -$2,368,273 | $105,007,927 | $107,626,927 | -$2,619,000 |
| September 30, 2024 | 990 | $57,224,903 | $57,408,484 | -$183,581 | $109,156,037 | $109,801,806 | -$645,769 |
| September 30, 2023 | 990 | $49,048,778 | $55,679,768 | -$6,630,990 | $109,553,780 | $110,861,173 | -$1,307,393 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $942,373
- of which government grants
- $936,862
- Program service revenue
- $54,956,493
- Investment income
- $781,907
- Net rental income
- $30,774
- Net gain from sales of assets
- $297,769
- Tax-exempt bond proceeds
- $296,333
- Other revenue
- $618,086
Expenses
- Grants and similar amounts paid
- $61,850
- Compensation of officers, directors and key employees
- $958,064
- Other salaries and wages
- $25,719,478
- Salaries, compensation and benefits (total)
- $31,163,168
- Professional fundraising fees
- $0
- Legal fees
- $42,933
- Accounting fees
- $110,294
- Occupancy
- $3,891,959
- Travel
- $584,522
- Depreciation
- $6,634,901
- Program services (functional)
- $50,253,235
- Management and general (functional)
- $9,413,897
Balance sheet and other
- Total assets, start of year
- $109,156,037
- Total assets, end of year
- $105,007,927
- Total liabilities, end of year
- $107,626,927
- Net assets, end of year
- -$2,619,000
- Land, buildings and equipment
- $83,949,074
- Net assets without donor restrictions
- -$2,619,000
- Gross unrelated business income
- $900
- Gross receipts
- $58,154,018
- Employees
- 1,840
- Volunteers
- 48
- Year formed
- 1959
- State of legal domicile
- NE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DANA RASIC | PRESIDENT, CHAIR & DIRECTOR Trustee or director, Officer | 25 | $0 | $407,174 | $48,623 |
| NATHAN MERRILL | CFO, TREASURER & DIRECTOR Trustee or director, Officer | 25 | $0 | $311,825 | $48,024 |
| RICK SUMMERS | VICE PRESIDENT & DIRECTOR Trustee or director, Officer | 25 | $297,507 | $0 | $21,362 |
| CHRISTI MILLER | VP OF HUMAN RESOURCES & DIRECTOR Trustee or director | 25 | $0 | $227,426 | $20,487 |
| JOSHUA THOMAS | VP OF STRATEGY & DEV. (PART YEAR) Key employee | 15 | $213,872 | $0 | $26,516 |
| KRIS GILLEN | VP OF SALES & MARKETING(PART YEAR) Highest-paid employee | 30 | $198,223 | $0 | $5,726 |
| BRITTNEY MOORE | VP OF HEALTH SERVICES Highest-paid employee | 24 | $184,056 | $0 | $19,046 |
| EARL SAXON JR | REGIONAL VP OF OPERATIONS Highest-paid employee | 25 | $176,195 | $0 | $19,125 |
| ANDREW MCCORMICK | REGIONAL VP OF OPERATIONS Highest-paid employee | 25 | $158,420 | $0 | $31,167 |
| BRYAN BEAMER | VICE PRESIDENT OF CONSTRUCTION Highest-paid employee | 15 | $174,136 | $0 | $10,050 |
| AUSTIN HARBACH | VP OF LEGAL & RISK, ASST. SECRETARY Officer | 25 | $0 | $157,189 | $17,488 |
| KRISTEN JACOBY | REGIONAL VP OF OPS, DIRECTOR, AND VP Trustee or director, Officer | 25 | $169,236 | $0 | $5,248 |
| KIMBERLY ERICKSON | CHIEF OPERATING OFFICER Officer | 30 | $101,573 | $0 | $1,467 |
| DON MORGAN | DIRECTOR (PART YEAR) Trustee or director | 2 | $70,167 | $0 | $3,385 |
| DANIEL VAGLE | VICE CHAIR & DIRECTOR Trustee or director, Officer | 2 | $0 | $65,604 | $3,609 |
4 more people on this return
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DALE TURNER | DIRECTOR Trustee or director | 2 | $0 | $65,604 | $3,483 |
| LARRY SMITH | DIRECTOR Trustee or director | 3 | $32,775 | $0 | $4,981 |
| JENNY KENNEDY | SECRETARY & DIRECTOR Trustee or director, Officer | 1.5 | $0 | $0 | $0 |
| TOM WORKMAN | ASSISTANT SECRETARY Officer | 1 | $0 | $0 | $0 |
990 for the year ended September 30, 2024: 19 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Dana Rasic | President, Chair & Director Trustee or director, Officer | 25 | $0 | $364,389 | $43,634 |
| Nathan Merrill | CFO, Treasurer & Director Trustee or director, Officer | 25 | $0 | $249,361 | $44,313 |
| Rick Summers | Vice President & Director Trustee or director, Officer | 25 | $241,509 | $0 | $19,641 |
| Joshua Thomas | VP of Strategy & Development Key employee | 15 | $165,736 | $0 | $25,442 |
| Christi Miller | VP of Human Resources & Director Trustee or director | 20 | $0 | $161,006 | $17,377 |
| Earl Saxon Jr | Regional Director of Operations Highest-paid employee | 25 | $150,034 | $0 | $14,678 |
| Andrew McCormick | Regional Director of Operations Highest-paid employee | 25 | $135,254 | $0 | $28,854 |
| Kris Gillen | VP of Sales & Marketing Highest-paid employee | 30 | $157,731 | $0 | $5,752 |
| Brittney Moore | VP of Health Services Highest-paid employee | 24 | $152,172 | $0 | $7,297 |
| William Schwingen | Regional Director of Operations Highest-paid employee | 15 | $130,743 | $0 | $26,598 |
| Kristen Jacoby | Regional Dir of Ops & Director Trustee or director | 25 | $133,698 | $0 | $3,319 |
| Austin Harbach | Assistant Secretary Officer | 25 | $0 | $115,312 | $14,863 |
| Daniel Vagle | Vice Chair & Director Trustee or director, Officer | 2 | $0 | $61,000 | $3,609 |
| Dale Turner | Director Trustee or director | 2 | $0 | $61,000 | $3,483 |
| Don Morgan | Director Trustee or director | 2 | $61,000 | $0 | $3,385 |
| Larry Smith | Director Trustee or director | 3 | $30,500 | $0 | $4,716 |
| Jenny Kennedy | Secretary & Director Trustee or director, Officer | 1.5 | $0 | $10,453 | $0 |
| Kimberly Erickson | Chief Operating Officer Officer | 30 | $0 | $0 | $0 |
| Tom Workman | Assistant Secretary Officer | 1 | $0 | $0 | $0 |
990 for the year ended September 30, 2023: 16 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Dana Rasic | President, Chair & Director Trustee or director, Officer | 25 | $0 | $365,551 | $40,800 |
| Nathan Merrill | CFO, Treasurer & Director Trustee or director, Officer | 25 | $0 | $264,356 | $42,384 |
| Rick Summers | Vice President & Director Trustee or director, Officer | 28 | $258,044 | $0 | $19,959 |
| Joshua Thomas | VP of Strategy & Development Key employee | 22.5 | $166,654 | $0 | $25,385 |
| Kris Gillen | VP of Sales & Marketing Highest-paid employee | 22.5 | $174,251 | $0 | $6,181 |
| Michelle Ingerson | VP Health Services (part year) Highest-paid employee | 22.5 | $162,335 | $0 | $16,122 |
| Andrew McCormick | Regional Director of Operations Highest-paid employee | 22.5 | $142,696 | $0 | $28,433 |
| William Schwingen | Regional Director of Operations Highest-paid employee | 45 | $137,611 | $0 | $24,952 |
| Kristen Jacoby | Regional Director of Operations Highest-paid employee | 22.5 | $139,275 | $0 | $4,975 |
| Austin Harbach | Assistant Secretary Officer | 25 | $0 | $103,942 | $14,609 |
| Daniel Vagle | Vice Chair & Director Trustee or director, Officer | 3 | $2,375 | $59,458 | $3,609 |
| Dale Turner | Director Trustee or director | 3 | $0 | $61,833 | $3,483 |
| Don Morgan | Director Trustee or director | 3 | $58,958 | $2,875 | $3,385 |
| Larry Smith | Director Trustee or director | 5 | $30,667 | $0 | $94 |
| Jenny Kennedy | Secretary & Director Trustee or director, Officer | 1.5 | $0 | $11,988 | $0 |
| Tom Workman | Assistant Secretary Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 8595 EXPLORER DR, COLORADO SPGS, CO 80920-1012
- In care of
- % NATHAN MERRILL
- Principal officer (990 for 2024)
- DANA RASIC, 8595 EXPLORER DRIVE, COLORADO SPRINGS, CO 80920
- Signed the 990
- NATHAN MERRILL, CFO, TREASURER & DIRECTOR
- Phone
- (719) 481-0100
- Website
- WWW.BETHESDASENIORLIVING.COM
- Return prepared by
- CRI CAPIN CROUSE ADVISORS LLC
Mission
TO SERVE SENIORS BY ENRICHING THEIR PHYSICAL, EMOTIONAL, AND SPIRITUAL HEALTH IN A NURTURING LIFESTYLE AT OUR COMMUNITIES. OUR VISION: TO EXPAND OUTREACH AND SERVICE TO AS MANY COMMUNITIES AS GOD WILLS THROUGH EXPANSION, ACQUISITION, MANAGEMENT CONTRACTS AND PROGRAMMING.
Program accomplishments
- DEVELOPMENT AND OPERATION OF TAX EXEMPT ASSISTED LIVING COMMUNITIES, INDEPENDENT LIVING COMMUNITIES, AND MEMORY CARE FACILITIES FOR SENIORS IN ARIZONA, COLORADO, MISSOURI, NEBRASKA, AND TEXAS. CARED FOR AN AVERAGE OF 938 RESIDENTS DURING THE FISCAL YEAR ENDED 9/30/2025.Expenses $50,253,235 · grants $61,850 · revenue $55,543,805
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990 on file |
IRS record
- EIN
- 47-0497753
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1972
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P750)
- Assets (IRS master file)
- $105,007,927
- Income (IRS master file)
- $58,154,018
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $57,298,859 | $59,667,132 | $105,007,927 | XML |
| 990-T | September 2025 | – | – | – | IRS |
| 990 | September 2024 | $57,224,903 | $57,408,484 | $109,156,037 | XML |
| 990-T | September 2024 | – | – | – | IRS |
| 990 | September 2023 | $49,048,778 | $55,679,768 | $109,553,780 | XML |
| 990-T | September 2023 | – | – | – | IRS |
| 990 | September 2022 | $48,564,730 | $50,643,975 | $103,543,302 | IRS |
| 990-T | September 2022 | – | – | – | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990-T | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-0497753).
Questions about BETHESDA FOUNDATION
- What is the EIN of BETHESDA FOUNDATION?
- The employer identification number (EIN) of BETHESDA FOUNDATION is 47-0497753.
- Is BETHESDA FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1972.
- Are donations to BETHESDA FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BETHESDA FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BETHESDA FOUNDATION due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BETHESDA FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of BETHESDA FOUNDATION?
- The 990 for the year ended September 30, 2025 names DANA RASIC.
- Who are the officers and directors of BETHESDA FOUNDATION?
- The 990 for the year ended September 30, 2025 lists 19 people; 11 received compensation from the organization.
- How much revenue does BETHESDA FOUNDATION have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $57,298,859, expenses of $59,667,132 and total assets of $105,007,927 at year end.
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