Overview
What is Bethany Home Society Foundation Inc?
Bethany Home Society Foundation Inc, based in Ripon, California, is a nonprofit organization with a mission to support the residents of a retirement home operated by Bethany Home Society of San Joaquin County, Inc. They achieve this by raising funds for a perpetual endowment fund. The income generated from this fund is utilized to provide assistance to the retirement home's residents and ensure the organization's continuous existence. The foundation promotes the welfare of Bethany Home Society of San Joaquin County, Inc. by distributing the fund's net income for its exempt purposes.
Is Bethany Home Society Foundation Inc legitimate?
Bethany Home Society Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bethany Home Society Foundation Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $48,036
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What is the mission statement of Bethany Home Society Foundation Inc?
The mission of Bethany Home Society Foundation Inc. revolves around raising funds for a perpetual endowment. The primary objective is to utilize the income generated from this endowment to support residents residing in the retirement home operated by Bethany Home Society of San Joaquin County Inc., a California nonprofit corporation. Furthermore, the foundation aims to ensure the continuity of the existence of Bethany Society of San Joaquin County Inc. by promoting its welfare through the distribution of fund net income for its exempt purposes.
What is the revenue of Bethany Home Society Foundation Inc?
Bethany Home Society Foundation Inc's revenue in 2024 was $707,793.
Who are the executives of Bethany Home Society Foundation Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Bethany Home Society Foundation Inc?
Bethany Home Society Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Bethany Home Society Foundation Inc
Bethany Home Society Foundation Inc's mission is centered around raising funds for a perpetual endowment fund. This fund's primary purpose is to generate income, which is then utilized to support the residents of the retirement home operated by Bethany Home Society of San Joaquin County Inc. Beyond this, the foundation has a role in ensuring the continuity of Bethany Society of San Joaquin County Inc. It achieves this by promoting the welfare of the nonprofit corporation through the distribution of fund net income for its exempt purposes. In essence, Bethany Home Society Foundation Inc's mission is to financially sustain the retirement home and the organization itself, ultimately improving the lives of its residents.
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Impact
October, 2024
Bethany Home Society Foundation Inc significantly enhances the quality of life for residents at the retirement home operated by Bethany Home Society of San Joaquin County, Inc. By establishing a perpetual endowment fund, it ensures ongoing financial support and resources necessary for providing essential services and care. This proactive approach not only assists residents in their daily lives but also promotes their overall welfare and wellbeing.
Moreover, the foundation plays a vital role in ensuring the continuity of the retirement facility's operations. By raising funds and distributing net income strategically, it contributes to the stability and longevity of the services offered, fostering a nurturing environment for residents. The impact transcends mere financial support; it embodies a commitment to sustaining a community where older adults can thrive with dignity and compassion.
This information is meant to be a general summary of Bethany Home Society Foundation Inc. 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 2024.
- Investment Income: $243,456
- Gross Receipts: $2,169,768
Assets and Liabilities:
- Total Assets: $5,886,452
- Total Liabilities: $6,329
- Net Assets: $5,880,123
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Organization Details
Founding Year
2002
Principal Officer
Tom Koolhaas
NTEE Category
Code: T112 - Philanthropy
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