Bethesda Foundation

Tax-deductible

Colorado Spgs, CO501(c)(3)Since 1959Human ServicesEIN 47-0497753Revenue $57.3M in FY2024

On file with the IRSbethesdaseniorliving.com15475 Gleneagle Dr, 80921-2596 · Colorado Spgs, COTax-exempt since Feb 1972Publicly supported — 509(a)(2)

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To serve seniors by enriching their physical, emotional, and spiritual health in a nurturing lifestyle at our communities. Our vision: to expand outreach and service to as many communities as god wills through expansion, acquisition, management contracts and programming.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
Run by 48 volunteers and 1,840 employees.
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
0 of 5
filings with a surplus
Average deficit $3.5M a year · 7% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.8M
to officers and key staff · 3% of spending
Top officer’s pay higher than 75% of similar orgs
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $3.4M
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$107.6M
102% of total assets
Concern: liabilities are 102% of assets; over 80%.
Pt X · Ln 26
Independent board members
4
of 9 voting members
Worth a look: 4 of 9 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$57.3M
+0.1% vs prior year
Spent
$59.7M
To programs
84%
Net assets
−$2.6M
By yearFY2020–FY2024
Revenue
$57.3M
FY2024+0.1%
Tap a bar for its year
Revenue by fiscal year
FY2020$36.4M
FY2021$43.4M
FY2022$48.6M
FY2023$49.0M
FY2024$57.2M
FY2024$57.3M
Expenses
$59.7M
FY2024▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$40.8M
FY2021$47.5M
FY2022$50.6M
FY2023$55.7M
FY2024$57.4M
FY2024$59.7M
Net assets
−$2.6M
FY2024▼ -306%
Tap a bar for its year
Net assets by fiscal year
FY2020$9.3M
FY2021$6.9M
FY2022$4.8M
FY2023−$1.3M
FY2024−$646K
FY2024−$2.6M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1972.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $50.3M Management & general 16% · $9.4M

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

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Who runs it and what they're paid

19 people listed on the 990; $1.8M paid to officers and key staff.

Part VII, Section A · reportable compensation
Vice President & Director
$297,507Pt VII · Sec A
VP of Strategy & Dev. (part Year)
$213,872Pt VII · Sec A
VP of Sales & Marketing(part Year)
$198,223Pt VII · Sec A
VP of Health Services
$184,056Pt VII · Sec A
Regional VP of Operations
$176,195Pt VII · Sec A
Vice President of Construction
$174,136Pt VII · Sec A
Regional VP of Ops, Director, and VP
$169,236Pt VII · Sec A
Regional VP of Operations
$158,420Pt VII · Sec A

Rick Summers’s $298K as Vice President & Director is at the 75th percentile of top reported officer pay among 3122 $10–100M 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 · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Rick Summers$297,507$241,509$258,044$235,196$185,530$181,523
Larry Smith$32,775$30,500$30,667$30,875$247,751$250,623
Joshua Thomas$213,872$165,736$166,654$165,168$149,699$159,233
Kris Gillen$198,223$157,731$174,251$156,710$150,120$155,515
Brittney Moore$184,056$152,172————
Earl Saxon JR$176,195$150,034————
Bryan Beamer$174,136——$127,073——
Kristen Jacoby$169,236$133,698$139,275———

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Enriching seniors' physical, emotional, and spiritual health.

Provided by the organization

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1 program · $50.3M · in their own filed words · FY2024
01

Development and operation of tax exempt assisted living communities, independent living communities, and memory care facilities for seniors in arizona, colorado, missouri, nebraska, and texas. Cared for an average of 938 residents during the fiscal year ended 9/30/2025.

$50.3Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2020
Bslc IIFY2020$3.4M
Total grants receivedfrom 1 funder$3.4M
Grants paid · 9 grants · $753K · 2019–2024
Unitemized GrantFY2024$21,784
Onechild GlobalCO · FY2024$16,681
Convoy of HopeMO · FY2024$10,000
Vetter FoundationNE · FY2024$6,286
Unitemized GrantFY2023$20,719
Onechild GlobalCO · FY2023$9,315
Bethesda MinistriesonechildCO · FY2021$12,252
Bethesda MinistriesonechildCO · FY2020$555,467
Bethesda MinistriesonechildCO · FY2019$100,630

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$57.3M
Ln 12
Fees for servicesLn 2g$55.0M
Gifts and grantsLn 1h$942K
Investment incomeLn 3$782K
Money outPt IX
$59.7M
Ln 25
Programscol B$50.3M
Managementcol C$9.4M
Owns and owesPt X
−$2.6M
net assets · Ln 32
Cash and savingsLn 1–2$1.7M
Total assetsLn 16$105.0M
LiabilitiesLn 26$107.6M
PeoplePt VI, VII
19
listed · VII A
PaidVII A11
Voting boardVI 1a9
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$942K
Government grantsLn 1e$937K
Fees for servicesLn 2g$55.0M
Investment incomeLn 3$782K
Other incomeLn 4–11$618K
Gains on assetsLn 7$298K
Total revenueLn 12$57.3M
Assets in detailPt X, end of year
CashLn 1$1.6M
SavingsLn 2$126K
Cash and savings togetherLn 1–2$1.7M
InvestmentsLn 11–13$5.2M
Land, buildings, equipmentLn 10c$83.9M
Other assetsLn 15$4.1M
Total assetsLn 16$105.0M
LiabilitiesLn 26$107.6M
Net assetsLn 32−$2.6M
OperationsPt I, VI
EmployeesI 51,840
VolunteersI 648
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$862K$1.7M
InvestmentsLn 11–13$5.4M$5.2M
Land, buildings, equipmentLn 10c$86.5M$83.9M
Total assetsLn 16$109.2M$105.0M
LiabilitiesLn 26$109.8M$107.6M
Net assetsLn 32−$646K−$2.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$40K$40K
Grants to domestic individualsLn 2$22K$22K
Pay of current officers, directors and key staffLn 5$958K$958K
Other salaries and wagesLn 7$25.7M$22.8M$2.9M
Pension plan contributionsLn 8$350K$280K$71K
Other employee benefitsLn 9$2.2M$2.0M$190K
Payroll taxesLn 10$2.0M$1.7M$230K
Management feesLn 11a$1.1M$1.1M
Legal feesLn 11b$43K$15K$28K
Accounting feesLn 11c$110K$46K$64K
Investment management feesLn 11f$12K$12K
Other fees for servicesLn 11g$3.6M$1.4M$2.3M
Advertising and promotionLn 12$1.2M$1.2M$26K
Office expensesLn 13$3.6M$3.6M$28K
Information technologyLn 14$882K$177K$705K
OccupancyLn 16$3.9M$3.8M$128K
TravelLn 17$585K$85K$499K
Conferences, conventions and meetingsLn 19$139K$69K$70K
InterestLn 20$4.6M$4.6M
Depreciation, depletion and amortizationLn 22$6.6M$6.6M$58K
InsuranceLn 23$1.6M$1.6M$41K
Other expenses (24a–d)Ln 24$372K$301K$71K
All other expensesLn 24e$50$50
Total functional expensesLn 25$59.7M$50.3M$9.4M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $57.2M$57.4M−$184K−$646K 990 PDF
FY2023 $49.0M$55.7M−$6.6M−$1.3M 990 PDF
FY2022 $48.6M$50.6M−$2.1M$4.8M 990 PDF
FY2021 $43.4M$47.5M−$4.1M$6.9M 990 PDF
FY2020 $36.4M$40.8M−$4.5M$9.3M 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 (6 parts)
Part I · Summary $57,298,859 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $594,874$942,373
I-9 Program service revenuePrior year $52,496,162$54,956,493
I-10 Investment incomePrior year $3,950,396$781,907
I-11 Other revenuePrior year $183,471$618,086
I-12 Total revenuePrior year $57,224,903$57,298,859
I-13 Grants and similar amounts paidPrior year $34,284$61,850
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $29,382,414$31,163,168
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $27,991,786$28,442,114
I-18 Total expensesPrior year $57,408,484$59,667,132
I-19 Revenue less expensesPrior year −$183,581−$2,368,273
Part VI · Governance 4 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $57,298,859 across 8 lines filed
Lines not itemized here account for $883,645 of total revenue; see the IRS return.
VIII-1e Government grants$936,862
VIII-1f All other contributions, gifts and grants$5,511
VIII-1h Total contributions, gifts and grants$942,373
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $54,956,493$54,956,493
VIII-3 Investment incomeExcluded from tax $187,805$187,805
VIII-6 Net rental income or lossUnrelated business $900 · Excluded from tax $29,874$30,774
VIII-7 Net gain or loss on sales of assetsExcluded from tax $297,769$297,769
VIII-12 Total revenueRelated to mission $55,543,805 · Unrelated business $900 · Excluded from tax $811,781$57,298,859
Part IX · Statement of functional expenses $59,667,132 across 23 lines filed
IX-1 Grants to domestic organizationsPrograms $40,066$40,066
IX-2 Grants to domestic individualsPrograms $21,784$21,784
IX-5 Pay of current officers, directors and key staffManagement $958,064$958,064
IX-7 Other salaries and wagesPrograms $22,837,897 · Management $2,881,581$25,719,478
IX-8 Pension plan contributionsPrograms $279,720 · Management $70,699$350,419
IX-9 Other employee benefitsPrograms $1,975,483 · Management $190,308$2,165,791
IX-10 Payroll taxesPrograms $1,739,222 · Management $230,194$1,969,416
IX-11a Management feesManagement $1,095,507$1,095,507
IX-11b Legal feesPrograms $14,830 · Management $28,103$42,933
IX-11c Accounting feesPrograms $46,478 · Management $63,816$110,294
IX-11f Investment management feesManagement $12,052$12,052
IX-11g Other fees for servicesPrograms $1,368,687 · Management $2,257,579$3,626,266
IX-12 Advertising and promotionPrograms $1,197,799 · Management $25,844$1,223,643
IX-13 Office expensesPrograms $3,559,358 · Management $28,261$3,587,619
IX-14 Information technologyPrograms $176,553 · Management $705,194$881,747
IX-16 OccupancyPrograms $3,763,669 · Management $128,290$3,891,959
IX-17 TravelPrograms $85,280 · Management $499,242$584,522
IX-19 Conferences, conventions and meetingsPrograms $68,902 · Management $69,694$138,596
IX-20 InterestPrograms $4,618,175$4,618,175
IX-22 Depreciation, depletion and amortizationPrograms $6,577,377 · Management $57,524$6,634,901
IX-23 InsurancePrograms $1,581,281 · Management $40,818$1,622,099
IX-24 Other expenses (24a–d)Programs $300,674 · Management $71,077$371,751
IX-24e All other expensesManagement $50$50
IX-25 Total functional expensesPrograms $50,253,235 · Management $9,413,897 · Fundraising $0$59,667,132
Part X · Balance sheet $105,007,927 assets, 18 lines filed
Asset lines not itemized here account for $3,600,000; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $813,609$1,585,141
X-2 Savings and temporary cash investmentsStart of year $48,188$125,661
X-4 Accounts receivableStart of year $1,401,942$1,087,826
X-8 Inventories for sale or useStart of year $73,337$71,058
X-9 Prepaid expenses and deferred chargesStart of year $622,148$723,674
X-10c Land, buildings and equipment, netStart of year $86,537,893$83,949,074
X-12 Other securitiesStart of year $5,441,127$5,234,789
X-14 Intangible assetsStart of year $4,494,000$4,494,000
X-15 Other assetsStart of year $3,796,181$4,136,704
X-16 Total assetsStart of year $109,156,037$105,007,927
X-17 Accounts payable and accrued expensesStart of year $2,754,191$2,968,101
X-19 Deferred revenueStart of year $459,631$200,446
X-20 Tax-exempt bond liabilitiesStart of year $23,494,907$62,326,526
X-25 Other liabilitiesStart of year $61,992,709$32,637,892
X-26 Total liabilitiesStart of year $109,801,806$107,626,927
X-27 Net assets without donor restrictionsStart of year −$645,769−$2,619,000
X-32 Total net assets or fund balancesStart of year −$645,769−$2,619,000
X-33 Total liabilities and net assetsStart of year $109,156,037$105,007,927
Part XI · Reconciliation of net assets −$2,619,000 net assets at year end
XI-1 Total revenue$57,298,859
XI-2 Total expenses$59,667,132
XI-3 Revenue less expenses−$2,368,273
XI-4 Net assets at start of year−$645,769
XI-5 Net unrealized gains (losses) on investments$23,206
XI-9 Other changes in net assets$371,836
XI-10 Net assets at end of year−$2,619,000

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

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