Bethany Lutheran Church Foundation

Nonprofit profile at a glance

EIN
841027205
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Cherry Hills Village, CO, USA
Phone
3037582820
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Affiliation
Christianity

Reported finances

Revenue
$31,238
Expenses
$66,658
Assets
$1,118,877
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

12 people listed

People named in this filing

  • Adam Davey (Board Chair (Part Year))
  • Brittany Rogers (Chairperson)
  • Jean Scott (Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The primary exempt purpose of the Bethany Lutheran Church Foundation is to provide a permanent financial resource to strengthen and expand the mission of Bethany Lutheran Church congregation by providing additional stewardship opportunities for congregation members and friends of Bethany. Expenditures are made to further the education of members attending seminaries and undergraduate colleges through scholarship support. In addition, expenditures of the Foundation are envisioned as being for projects or undertakings which would seem likely to enrich, or uplift in some special way, the spiritual life of the Bethany Lutheran Church congregation; which would provide some worthy addition or improvement to the facilities of Bethany Lutheran Church, that are beyond achievement through other channels, or which would give needed assistance or support to a worthy individual, family, or Christian enterprise.

What it reported doing in 2024

For 2024, ministry grants were awarded in the amount of $49,550 and consisted of the following: Veteran Servant Corps - $1,000; Urban Servant Corps - $2,000; New Beginnings Worshiping Community - $3,000; Rejoicing Spirits - $1,000; Social Justice Ministry (Bethany Lutheran Church) - $1,000; Metro Caring - $5,000; SAME Cafe - $1,500; Integrated Family Community Services - $5,000; Holy Hammers (Bethany Lutheran Church) - $10,000; Lutheran Family Services of the Rocky Mountains - $8,800; Extreme Community Makeover - $2,500; Active8 Sports - $3,000; Hands of the Carpenter - $5,750.

Operating model

Revenue model
Investment-supported. 94% of the money available for current operations came from recurring investment income.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing does not identify recipients for some grant dollars and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 78
  • Accountability: 88
  • Sustainability: 46
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 80.3%; rating input score 80
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 22nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 47.7%; rating input score 48; 44th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -113.4%; rating input score 18; 18th percentile among comparable filings
  • Total-asset coverage ratio: 16.79; rating input score 75; 75th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings

Growth

  • Program expense growth: 2.8% per year; rating input score 100; 60th percentile among comparable filings
  • Revenue growth: -3.7% per year; rating input score 0; 47th percentile among comparable filings
  • Asset growth: 1.4% per year; rating input score 100; 49th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 80.3% of spending went to programs
  • Governance: 9 of 9 board members independent · 5 of 7 filing controls reported
  • Programs: 2 filed program accomplishments · $54K in reported program spending
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 17 of 18 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules · includes grants
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: 4 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Transparency & Controls: Grant itemization coverage scored 48/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 18/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.