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Bethesda Associates

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 841087692 ✦ Colorado springs, CO ✦ Designated as a 501(c)(3)

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Overview

What is Bethesda Associates?

Bethesda Associates is a nonprofit organization situated in Colorado Springs, Colorado. Its primary role is to offer administrative support for various affiliated entities, including Bethesda Ministries, Bethesda Foundation, Bethesda Christian Broadcasting, and Bethesda Real Estate Company. These entities are all recognized as 501(c)(3) nonprofits, with the latter being a for-profit affiliate. Bethesda Associates' main mission is to contribute to the operations of these organizations by providing funding for their charitable purposes. This support enables them to carry out their respective missions, such as Bethesda Senior Living Communities' work in providing senior living services. With a total of 39 employees, Bethesda Associates plays a crucial role in ensuring the smooth functioning of these entities.


Official website here: www.bethesdaministries.com

Is Bethesda Associates legitimate?

Bethesda Associates is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bethesda Associates 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: $952,140
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,131,398

For more financial information, click here


Official website here: www.bethesdaministries.com

What is the mission statement of Bethesda Associates?

Bethesda Associates serves as a supporting organization for both Bethesda Ministries and Bethesda Foundation, which are non-profit entities known as Bethesda Senior Living Communities. Its mission is to provide administrative services, contributing to the operations of these organizations and their affiliated entities, including Bethesda Christian Broadcasting and Bethesda Real Estate Company. The primary aim is to utilize administrative services to generate funding for the charitable purposes of these organizations.


Official website here: www.bethesdaministries.com

Who is the CEO of Bethesda Associates?

Dana Rasic is the President & Director of Bethesda Associates.


Official website here: www.bethesdaministries.com

What is the revenue of Bethesda Associates?

Bethesda Associates's revenue in 2022 was $4,415,709.


Official website here: www.bethesdaministries.com

Who are the executives of Bethesda Associates and what are their salaries?

The average compensation at Bethesda Associates during 2022 was $79,065. There are 39 employees at Bethesda Associates.


Here are 12 key members and their salaries:


Dana Rasic (President & Director)
  • Compensation: $334,716
  • Related: $0
  • Other: $34,331
Nathan Merrill (Cfo, Vp, Treasurer & Director)
  • Compensation: $249,122
  • Related: $0
  • Other: $34,070
Don Morgan (Director)
  • Compensation: $28,500
  • Related: $28,500
  • Other: $3,385
Dale Turner (Director)
  • Compensation: $28,500
  • Related: $28,500
  • Other: $3,483
Daniel Vagle (Director)
  • Compensation: $28,500
  • Related: $28,500
  • Other: $3,609
Larry Smith (Director)
  • Compensation: $0
  • Related: $30,875
  • Other: $827
Jenny Kennedy (Secretary)
  • Compensation: $0
  • Related: $120,014
  • Other: $13,629
Austin Harbach (Assistant Secretary)
  • Compensation: $79,393
  • Related: $0
  • Other: $12,188
Tom Workman (Assistant Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christi Miller (Vice President Of Hr)
  • Compensation: $155,494
  • Related: $0
  • Other: $14,051
Steve Endicott (Vice President Of It)
  • Compensation: $139,623
  • Related: $0
  • Other: $2,827
Connie Smith (Vice President Of Rm)
  • Compensation: $122,444
  • Related: $0
  • Other: $13,799


Official website here: www.bethesdaministries.com

Where can I find the form 990 for Bethesda Associates?

Bethesda Associates's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.bethesdaministries.com

Learn more at the official website: www.bethesdaministries.com

Mission Statement of Bethesda Associates

Bethesda Associates, as a supporting organization, is dedicated to aiding Bethesda Ministries and Bethesda Foundation, both recognized as 501(c)(3) entities. Its primary mission is to offer administrative support to these nonprofits, specifically Bethesda Senior Living Communities. This mission is in line with Bethesda Ministries, Bethesda Foundation, and Bethesda Christian Broadcasting's charitable objectives. Bethesda Associates also manages administrative services for Bethesda Real Estate Company, a for-profit affiliate, with the purpose of generating funds for the charitable initiatives of these organizations.

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Impact




October, 2024

Bethesda Associates plays a crucial role in enhancing the operations and outreach of Bethesda Ministries and Bethesda Foundation. By providing essential administrative services, it ensures the smooth functioning of these organizations and their affiliates, including Bethesda Christian Broadcasting and Bethesda Real Estate Company. This support enables them to effectively focus on their charitable missions, particularly in the area of senior living communities. The organization's efforts help streamline processes and allocate resources efficiently, ultimately contributing to a greater impact in the community it serves in Colorado Springs. Through strategic investments and operational support, Bethesda Associates facilitates the growth and sustainability of programs that positively affect individuals and families in need.




This information is meant to be a general summary of Bethesda Associates. 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.

Revenue
$4,415,709 (2022)
Expenses
$5,399,363 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $764,275
  • Program Service Revenue: $3,610,730
  • Gross Receipts: $15,597,716

Assets and Liabilities:

  • Total Assets: $33,491,370
  • Total Liabilities: $4,991,069
  • Net Assets: $28,500,301

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

G&A Services

Revenue

$3,610,730

Organization Details

Founding Year

1988

Principal Officer

Dana Rasic

Main Address

15475 Gleneagle Drive, Colorado Springs, CO, 80921

NTEE Category

Code: X120 - Religion related

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