Bethany Home Foundation INC

Tax-deductible

Providence, RI501(c)(3)Human ServicesEIN 22-2575208

To provide an independent living program for the elderly and to support bethany home of rhode island.

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
Run by 6 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $8K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$16K
to officers and key staff · 2% of spending
Top officer’s pay lower than 92% of similar orgs
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$98K
25% of total assets
Looks good: liabilities are 25% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$984K
+21% vs prior year
Spent
$936K
To programs
82%
Net assets
$290K
By yearFY2020–FY2024
Revenue
$984K
FY2024▲ +21%
Revenue by fiscal year
FY2020$535K
FY2021$554K
FY2022$985K
FY2023$812K
FY2024$984K
Expenses
$936K
FY2024▲ +21%
Expenses by fiscal year
FY2020$521K
FY2021$595K
FY2022$1.0M
FY2023$772K
FY2024$936K
Net assets
$290K
FY2024▲ +23%
Net assets by fiscal year
FY2020$249K
FY2021$217K
FY2022$193K
FY2023$236K
FY2024$290K

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1985.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $769K Management & general 18% · $167K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

10 people listed on the 990; $16K paid to officers and key staff.

Part VII, Section A · reportable compensation
Administrator
$15,753Pt VII · Sec A
Treasurer Until 9/1/24
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Stephanie Igoe’s $16K as Administrator is at the 8th percentile of top reported officer pay among 2167 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Stephanie Igoe$15,753$16,355$14,492$11,786—
Elizabeth Sarro———$3,929$14,633

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers independent living programs for the elderly and supports Bethany Home of Rhode Island.

Provided by the organization

This section is blank until Bethany Home Foundation INC claims this page.

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1 program service account for $769K of program spending, described in the organization's own filed words · FY2024.
01

Bethany home foundation manages a 30-UNIT condominium retirement community home to independent older adults in support of bethany home of ri, a 501(c)(3) nursing facility.

$769Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 5 grants · $1.3M · 2020–2024
Bethany Home of Rhode IslandRI · FY2024$432,988
Bethany Home of Rhode IslandRI · FY2023$293,814
Bethany Home of Rhode IslandRI · FY2022$486,690
Bethany Home of Rhode IslandRI · FY2021$69,463
Bethany Home of Rhode IslandRI · FY2020$46,715

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$984K
Ln 12
Fees for servicesLn 2g$966K
Investment incomeLn 3$12K
Gifts and grantsLn 1h$5K
Money outPt IX
$936K
Ln 25
Programscol B$769K
Managementcol C$167K
Owns and owesPt X
$290K
net assets · Ln 32
Cash and savingsLn 1–2$77K
Total assetsLn 16$388K
LiabilitiesLn 26$98K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5K
Fees for servicesLn 2g$966K
Investment incomeLn 3$12K
Other incomeLn 4–11$444
Total revenueLn 12$984K
Assets in detailPt X, end of year
CashLn 1$56K
SavingsLn 2$21K
Cash and savings togetherLn 1–2$77K
InvestmentsLn 11–13$281K
Other assetsLn 15$5K
Total assetsLn 16$388K
LiabilitiesLn 26$98K
Net assetsLn 32$290K
OperationsPt I, VI
EmployeesI 50
VolunteersI 66
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$39K$77K
InvestmentsLn 11–13$221K$281K
Total assetsLn 16$302K$388K
LiabilitiesLn 26$66K$98K
Net assetsLn 32$236K$290K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$433K$433K
Pay of current officers, directors and key staffLn 5$18K$18K
Other salaries and wagesLn 7$178K$74K$104K
Pension plan contributionsLn 8$2K$1K$1K
Other employee benefitsLn 9$27K$11K$16K
Payroll taxesLn 10$13K$5K$8K
Legal feesLn 11b$880$880
Accounting feesLn 11c$9K$9K
Advertising and promotionLn 12$780$780
Office expensesLn 13$8K$8K
OccupancyLn 16$185K$185K
Conferences, conventions and meetingsLn 19$2K$2K
InsuranceLn 23$48K$48K
Other expenses (24a–d)Ln 24$10K$10K
Total functional expensesLn 25$936K$769K$167K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $984K$936K$48K$290K 990 PDF
FY2023 $812K$772K$39K$236K 990 PDF
FY2022 $985K$1.0M−$21K$193K 990 PDF
FY2021 $554K$595K−$41K$217K 990 PDF
FY2020 $535K$521K$14K$249K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $983,525 across 6 lines filed
VIII-1f All other contributions, gifts and grants$5,000
VIII-1h Total contributions, gifts and grants$5,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $965,988$965,988
VIII-3 Investment incomeExcluded from tax $12,093$12,093
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $444$444
VIII-12 Total revenueRelated to mission $965,988 · Unrelated business $0 · Excluded from tax $12,537$983,525
Part IX · Statement of functional expenses $935,521 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $432,988$432,988
IX-5 Pay of current officers, directors and key staffManagement $17,919$17,919
IX-7 Other salaries and wagesPrograms $73,592 · Management $104,071$177,663
IX-8 Pension plan contributionsPrograms $1,148 · Management $1,256$2,404
IX-9 Other employee benefitsPrograms $10,991 · Management $16,343$27,334
IX-10 Payroll taxesPrograms $4,860 · Management $7,912$12,772
IX-11b Legal feesManagement $880$880
IX-11c Accounting feesManagement $9,137$9,137
IX-12 Advertising and promotionManagement $780$780
IX-13 Office expensesManagement $8,237$8,237
IX-16 OccupancyPrograms $185,181$185,181
IX-19 Conferences, conventions and meetingsPrograms $1,835$1,835
IX-23 InsurancePrograms $48,029$48,029
IX-24 Other expenses (24a–d)Programs $10,362$10,362
IX-25 Total functional expensesPrograms $768,986 · Management $166,535 · Fundraising $0$935,521
Part X · Balance sheet $387,551 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $12,992$56,228
X-2 Savings and temporary cash investmentsStart of year $25,547$20,561
X-4 Accounts receivableStart of year $5,550$1,400
X-9 Prepaid expenses and deferred chargesStart of year $37,369$23,614
X-11 Publicly traded securitiesStart of year $220,715$280,843
X-15 Other assetsStart of year $0$4,905
X-16 Total assetsStart of year $302,173$387,551
X-17 Accounts payable and accrued expensesStart of year $7,381$37,374
X-25 Other liabilitiesStart of year $58,672$60,598
X-26 Total liabilitiesStart of year $66,053$97,972
X-27 Net assets without donor restrictionsStart of year $236,120$289,579
X-32 Total net assets or fund balancesStart of year $236,120$289,579
X-33 Total liabilities and net assetsStart of year $302,173$387,551
Part XI · Reconciliation of net assets $289,579 net assets at year end
XI-1 Total revenue$983,525
XI-2 Total expenses$935,521
XI-3 Revenue less expenses$48,004
XI-4 Net assets at start of year$236,120
XI-5 Net unrealized gains (losses) on investments$5,455
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$289,579

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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