Overview
What is Leonard & Lillian Bethke Memorial Trust F/B/O Bethesda Lutheran Home?
The Leonard & Lillian Bethke Memorial Trust F/B/O Bethesda Lutheran Home is a charitable entity, located with its mailing address at Wisconsin Rapids, Wisconsin. Its primary function is to allocate its income to a qualified charitable beneficiary, with the mission of ensuring its maintenance and support. While the specifics of the beneficiary are not detailed, it is clear that the trust's purpose is to contribute financially to a worthy cause.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Star rating.
The Leonard & Lillian Bethke Memorial Trust F/B/O Bethesda Lutheran Home has received a low rating primarily due to significant deficiencies in accountability and financial practices. With an overall score of 53%, the charity has no independent board members, which raises concerns about governance and oversight. Although there are no issues with asset diversion, the lack of transparency in policies such as conflict of interest and whistleblower protection is notable.
Despite these weaknesses, the organization maintains a strong program expense ratio of 69.59%, indicating that a substantial portion of its funds is directed towards its mission-related activities. However, the absence of essential policies and the failure to publicly share basic documents, including its tax form, further contribute to its low rating. Stakeholders may want to consider these factors when evaluating the trust's effectiveness and overall reliability.
This AI summary has been generated from information found on Charity Navigator.
Is Leonard & Lillian Bethke Memorial Trust F/B/O Bethesda Lutheran Home legitimate?
Leonard & Lillian Bethke Memorial Trust F/B/O Bethesda Lutheran Home is a legitimate nonprofit organization registered as a 501(c)(3) entity. Leonard & Lillian Bethke Memorial Trust F/B/O Bethesda Lutheran Home submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $13,482
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Leonard & Lillian Bethke Memorial Trust F/B/O Bethesda Lutheran Home?
The Leonard & Lillian Bethke Memorial Trust, when it comes to its mission, is primarily focused on providing maintenance and support for its charitable beneficiary. This is achieved by distributing all its income to the designated beneficiary. The main objective of the trust is to ensure the continued well-being and aid of its charitable recipient. The trust does not disclose any specific details about the nature or purpose of the beneficiary, only that it provides necessary support. The trust's activities are solely dedicated to the upkeep and enhancements of the charitable beneficiary.
Who is the CEO of Leonard & Lillian Bethke Memorial Trust F/B/O Bethesda Lutheran Home?
Woodtrust Asset Ma is the Trustee of Leonard & Lillian Bethke Memorial Trust F/B/O Bethesda Lutheran Home.
What is the revenue of Leonard & Lillian Bethke Memorial Trust F/B/O Bethesda Lutheran Home?
Leonard & Lillian Bethke Memorial Trust F/B/O Bethesda Lutheran Home's revenue in 2022 was $28,396.
Who are the executives of Leonard & Lillian Bethke Memorial Trust F/B/O Bethesda Lutheran Home and what are their salaries?
There is 1 key member and their salary:
- Compensation: $13,482
- Related: $0
- Other: $0
Where can I find the form 990 for Leonard & Lillian Bethke Memorial Trust F/B/O Bethesda Lutheran Home?
Leonard & Lillian Bethke Memorial Trust F/B/O Bethesda Lutheran Home's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Leonard & Lillian Bethke Memorial Trust F/B/O Bethesda Lutheran Home
The Leonard & Lillian Bethke Memorial Trust F/B/O Bethesda Lutheran Home is dedicated to ensuring the maintenance and support of its charitable beneficiary. This mission is carried out by distributing all the income it receives to this designated beneficiary. The trust's primary objective is to uphold the welfare and well-being of this beneficiary, thereby contributing to its ongoing sustainability. The trust's activities are centered around providing the necessary resources and support to this charitable entity, thereby fulfilling the wishes and legacies of Leonard and Lillian Bethke.
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Impact
October, 2024
Leonard & Lillian Bethke Memorial Trust F/B/O Bethesda Lutheran Home significantly enhances the welfare of its charitable beneficiary by ensuring essential maintenance and support. This trust allocates all income generated to benefit the operational needs and enrichment of the Bethesda Lutheran Home, allowing it to focus on its mission of supporting individuals in need. Through this financial backing, the trust plays a crucial role in promoting the well-being and quality of life for its recipients, making a profound impact in the community of Wisconsin Rapids, WI. Its commitment to philanthropy underscores the importance of sustained financial resources in fostering the growth and effectiveness of charitable organizations like Bethesda Lutheran Home.
This information is meant to be a general summary of Leonard & Lillian Bethke Memorial Trust F/B/O Bethesda Lutheran Home. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $28,396
- Gross Receipts: $28,396
Assets and Liabilities:
- Total Assets: $916,591
- Total Liabilities: $0
- Net Assets: $916,591
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Organization Details
Founding Year
1996
Phone
(715) 423-6800Principal Officer
Woodtrust Asset Ma
Main Address
WOODTRUST BANK PO BOX 8000, WISCONSIN RAPIDS, WI, 544958000
NTEE Category
Code: T50I - Philanthropy
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