Overview
What is Bethany Lutheran Church Foundation?
Bethany Lutheran Church Foundation is a nonprofit organization based in Cherry Hills Village, Colorado. Its primary mission is to strengthen and expand the mission of Bethany Lutheran Church congregation by offering stewardship opportunities for its members and supporters. The foundation achieves this through various means, including awarding ministry grants. In 2022, grants were given to several organizations and causes, such as supporting local housing projects, mental health services, and educational scholarships. The foundation also invests in projects that enhance the spiritual life of the congregation or improve its facilities. Additionally, it provides financial assistance to worthy individuals and Christian enterprises.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star rating)
The Bethany Lutheran Church Foundation has achieved an 87% score, reflecting a strong performance in accountability and finance, which is the sole factor contributing to its rating. The organization boasts a fully independent board with nine members, demonstrating strong governance practices and commitment to transparency.
Strengths of the foundation include a high program expense ratio of 90.69%, indicating a significant portion of its funding is directed towards programs rather than administrative costs. Additionally, there are no material diversions of assets reported, which points to a responsible management of resources. The presence of a clear conflict of interest policy and documented board meeting minutes further enhances its accountability.
However, while the organization excels in its financial and governance metrics, the rating does not provide insights into its programmatic impact or community engagement, limiting a holistic view of its effectiveness. Overall, the foundation's financial integrity and governance structure are commendable, contributing to its respectable three-star rating.
This AI summary has been generated from information found on Charity Navigator.
Is Bethany Lutheran Church Foundation legitimate?
Bethany Lutheran Church Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bethany Lutheran Church Foundation 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.
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What is the mission statement of Bethany Lutheran Church Foundation?
The Bethany Lutheran Church Foundation's primary objective is to serve as a financial resource, enhancing and expanding the mission of Bethany Lutheran Church. This is achieved by offering additional stewardship opportunities to congregation members and supporters. One of the Foundation's key areas of expenditure is supporting the education of members attending seminaries and undergraduate colleges through scholarship grants. Furthermore, the Foundation envisions using its funds for projects or initiatives that enrich the spiritual life of the congregation, enhance the church facilities, or provide assistance to deserving individuals, families, or Christian enterprises.
Who is the CEO of Bethany Lutheran Church Foundation?
Adam Davy is the Principal Officer of Bethany Lutheran Church Foundation.
What is the revenue of Bethany Lutheran Church Foundation?
Bethany Lutheran Church Foundation's revenue in 2022 was $19,524.
Who are the executives of Bethany Lutheran Church Foundation and what are their salaries?
There 12 volunteers at Bethany Lutheran Church Foundation.
Here are 12 key members and their salaries:
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Where can I find the form 990 for Bethany Lutheran Church Foundation?
Bethany Lutheran Church Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bethany Lutheran Church Foundation
Bethany Lutheran Church Foundation, a nonprofit organization, is dedicated to providing and establishing stewardship opportunities for Bethany Lutheran Church. Its primary purpose is to serve as a permanent financial resource, strengthening and expanding the church's mission. The foundation achieves this by offering additional stewardship opportunities for members and friends of Bethany Lutheran Church. Furthermore, the foundation invests in the education of its congregation members by providing scholarship support for those attending seminaries and undergraduate colleges.
Beyond financial support, the Bethany Lutheran Church Foundation envisions spending on projects or initiatives that could enrich or uplift the spiritual life of the congregation. Such projects might include improvements to the church facilities or providing assistance to a worthy individual, family, or Christian enterprise. The goal is to make a meaningful impact on the spiritual growth and well-being of the Bethany Lutheran Church community.
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Impact
October, 2024
Bethany Lutheran Church Foundation significantly impacts both the local community and its congregation through various stewardship initiatives and financial grants. In 2022, a total of $53,070 was awarded across multiple ministries, demonstrating a commitment to social service and community enhancement. Notable grants included contributions to Lutheran Family Services Rocky Mountain for the Anchor House Fund and support for Holy Hammers, which aids in building Affordable housing.
Additional funding was directed toward mental health and support services, including grants to Centus Counseling and Metro Caring for holiday assistance. Furthermore, the Foundation actively invests in the education of its members by providing scholarships for seminarians and undergraduates, enriching the spiritual and educational landscape of the congregation.
These efforts underscore a mission to not only support individual and family needs but also to uplift the church's overall mission, enhancing its facilities and expanding its outreach. The Foundation's impact can be seen in these various acts of generosity and support, fostering a sense of community and elevating the lives of those it serves.
This information is meant to be a general summary of Bethany Lutheran Church Foundation. 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: $19,524
- Gross Receipts: $475,731
Assets and Liabilities:
- Total Assets: $997,206
- Total Liabilities: $0
- Net Assets: $997,206
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Organization Details
Founding Year
1985
Phone
(303) 758-2820Principal Officer
Adam Davy
Main Address
4500 E Hampden Avenue, Cherry Hills Village, CO, 80113
NTEE Category
Code: X20 - Religion related
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