Bethesda Associates

Tax-deductible

Colorado Spgs, CO501(c)(3)Since 1988ReligionEIN 84-1087692Revenue $5.5M in FY2025

On file with the IRSbethesdaseniorliving.com8595 Explorer Dr, 80920-1012 · Colorado Spgs, COTax-exempt since May 1989Supporting organization — 509(a)(3)

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To be a supporting organization for Bethesda foundation d/b/a Bethesda senior living communities, a 501(c)(3) organization.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
$1.4M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average deficit $561K a year · 11% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
75%
of spending
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.4M
to officers and key staff · 22% of spending
Top officer’s pay higher than 99% of similar orgs
Worth a look: pay to officers and key staff is 22% of spending; over 20%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $19K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$6.1M
17% of total assets
Looks good: liabilities are 17% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 6 voting members
Fine: 3 of 6 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.5M
+35% vs prior year
Spent
$6.1M
To programs
75%
Net assets
$29.7M
By yearFY2020–FY2025
Revenue
$5.5M
FY2025▲ +35%
Tap a bar for its year
Revenue by fiscal year
FY2020$4.5M
FY2021$6.3M
FY2022$4.4M
FY2023$4.6M
FY2024$4.1M
FY2025$5.5M
Expenses
$6.1M
FY2025+0.02%
Tap a bar for its year
Expenses by fiscal year
FY2020$4.8M
FY2021$4.6M
FY2022$5.4M
FY2023$5.7M
FY2024$6.1M
FY2025$6.1M
Net assets
$29.7M
FY2025▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2020$27.1M
FY2021$31.7M
FY2022$28.5M
FY2023$28.8M
FY2024$30.2M
FY2025$29.7M

From the FY2025 Form 990 (year ending September 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1989.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $4.6M Management & general 25% · $1.6M

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

11 people listed on the 990; $1.4M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President & Director, CEO
$407,174Pt VII · Sec A
CFO, Treasurer & Director
$311,825Pt VII · Sec A
Director, Vice President of HR
$227,426Pt VII · Sec A
VP of Legal & Risk, Asst. Secretary
$157,189Pt VII · Sec A
Controller
$127,402Pt VII · Sec A
Director
$65,604Pt VII · Sec A
Director
$65,604Pt VII · Sec A
Director (part Year)
$0Pt VII · Sec A

Dana Rasic’s $407K as President & Director, CEO is at the 99th percentile of top reported officer pay among 1636 $1–10M religion 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Dana Rasic$407,174$364,389$365,551$334,716$335,416$342,281
Nathan Merrill$311,825$249,361$264,356$249,122$222,493—
Nathan Merrill CFO VP—————$233,966
Christi Miller$227,426$161,006$165,308$155,494$129,040$130,518
Austin Harbach$157,189$115,312$103,942$79,393$63,903$50,908
Steve Endicott—$138,592$150,123$139,623——
Deborah Carmickle—————$139,965
Connie Smith——$131,844$122,444$104,964$105,047

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

Supports Bethesda Foundation's charitable work.

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Provided by the organization

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2 programs · $4.6M · in their own filed words · FY2024
01

Provide administrative services related to operations of bethesda foundation, 501(c)(3) affiliate, and investments made to provide funding for their charitable purposes (also includes administrative services related to bethesda real estate company, a for-profit affiliate-see form 990-t).

$4.6Mprogram expense
02

Contributions to further the exempt purpose of bethesda foundation and other miscellaneous exempt organizations with a similar exempt purpose.

$17Kprogram 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 · FY2022
Total grants receivedfrom 1 funder$19K
Grants paid · 10 grants · $825K · 2019–2024
Convoy of HopeMO · FY2024$10,000
Onechild GlobalCO · FY2023$13,975
Onechild GlobalCO · FY2022$107,500
Bethesda MinistriesonechildCO · FY2021$300,000
Vetter FoundationNE · FY2021$5,600
Bethesda MinistriesonechildCO · FY2020$59,477
Vetter FoundationNE · FY2020$5,330
Bethesda MinistriesonechildCO · FY2019$252,955
Bethesda FoundationCO · FY2019$10,000

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$5.5M
Ln 12
Fees for servicesLn 2g$4.5M
Investment incomeLn 3$1.3M
Money outPt IX
$6.1M
Ln 25
Programscol B$4.6M
Managementcol C$1.6M
Owns and owesPt X
$29.7M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$35.8M
LiabilitiesLn 26$6.1M
PeoplePt VI, VII
11
listed · VII A
PaidVII A7
Voting boardVI 1a6
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$4.5M
Investment incomeLn 3$1.3M
Gains on assetsLn 7$784K
Total revenueLn 12$5.5M
Assets in detailPt X, end of year
CashLn 1$651K
SavingsLn 2$407K
Cash and savings togetherLn 1–2$1.1M
InvestmentsLn 11–13$30.3M
Land, buildings, equipmentLn 10c$3.8M
Other assetsLn 15$438K
Total assetsLn 16$35.8M
LiabilitiesLn 26$6.1M
Net assetsLn 32$29.7M
OperationsPt I, VI
EmployeesI 540
VolunteersI 60
Fiscal year endsHeaderSeptember
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 FY25End FY25
Cash and savingsLn 1–2$1.4M$1.1M
InvestmentsLn 11–13$29.3M$30.3M
Land, buildings, equipmentLn 10c$3.8M$3.8M
Total assetsLn 16$37.5M$35.8M
LiabilitiesLn 26$7.3M$6.1M
Net assetsLn 32$30.2M$29.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$17K$17K
Pay of current officers, directors and key staffLn 5$1.5M$1.4M$105K
Other salaries and wagesLn 7$2.2M$2.0M$173K
Pension plan contributionsLn 8$66K$61K$5K
Other employee benefitsLn 9$295K$274K$20K
Payroll taxesLn 10$234K$217K$17K
Legal feesLn 11b$29K$8K$22K
Accounting feesLn 11c$25K$25K
Investment management feesLn 11f$83K$83K
Other fees for servicesLn 11g$92K$23K$69K
Office expensesLn 13$212K$159K$53K
Information technologyLn 14$52K$48K$4K
OccupancyLn 16$361K$11K$350K
TravelLn 17$113K$105K$8K
Conferences, conventions and meetingsLn 19$14K$13K$1K
InterestLn 20$338K$338K
Depreciation, depletion and amortizationLn 22$96K$96K
InsuranceLn 23$21K$21K$388
Other expenses (24a–d)Ln 24$366K$179K$187K
Total functional expensesLn 25$6.1M$4.6M$1.6M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $5.5M$6.1M−$641K$29.7M 990 PDF
FY2024 $4.1M$6.1M−$2.1M$30.2M 990 PDF
FY2023 $4.6M$5.7M−$1.2M$28.8M 990 PDF
FY2022 $4.4M$5.4M−$984K$28.5M 990 PDF
FY2021 $6.3M$4.6M$1.7M$31.7M 990 PDF
FY2020 $4.5M$4.8M−$271K$27.1M 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 FY2025 990 (6 parts)
Part I · Summary $5,490,202 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $4,259,440$4,462,827
I-10 Investment incomePrior year −$168,150$1,284,713
I-11 Other revenuePrior year −$11,745−$257,338
I-12 Total revenuePrior year $4,079,545$5,490,202
I-13 Grants and similar amounts paidPrior year $14,077$16,765
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $4,204,582$4,310,375
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,911,061$1,803,641
I-18 Total expensesPrior year $6,129,720$6,130,781
I-19 Revenue less expensesPrior year −$2,050,175−$640,579
Part VI · Governance 3 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members3
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 $5,490,202 across 5 lines filed
Lines not itemized here account for $11 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,391,746 · Unrelated business $71,081$4,462,827
VIII-3 Investment incomeExcluded from tax $500,801$500,801
VIII-6 Net rental income or lossExcluded from tax −$257,349−$257,349
VIII-7 Net gain or loss on sales of assetsExcluded from tax $783,912$783,912
VIII-12 Total revenueRelated to mission $4,391,757 · Unrelated business $71,081 · Excluded from tax $1,027,364$5,490,202
Part IX · Statement of functional expenses $6,130,781 across 19 lines filed
IX-1 Grants to domestic organizationsPrograms $16,765$16,765
IX-5 Pay of current officers, directors and key staffPrograms $1,392,125 · Management $104,783$1,496,908
IX-7 Other salaries and wagesPrograms $2,045,744 · Management $173,244$2,218,988
IX-8 Pension plan contributionsPrograms $60,860 · Management $5,052$65,912
IX-9 Other employee benefitsPrograms $274,430 · Management $20,499$294,929
IX-10 Payroll taxesPrograms $216,686 · Management $16,952$233,638
IX-11b Legal feesPrograms $7,529 · Management $21,602$29,131
IX-11c Accounting feesManagement $25,027$25,027
IX-11f Investment management feesManagement $83,267$83,267
IX-11g Other fees for servicesPrograms $22,915 · Management $69,472$92,387
IX-13 Office expensesPrograms $158,873 · Management $52,916$211,789
IX-14 Information technologyPrograms $48,347 · Management $4,075$52,422
IX-16 OccupancyPrograms $11,438 · Management $349,832$361,270
IX-17 TravelPrograms $104,886 · Management $7,738$112,624
IX-19 Conferences, conventions and meetingsPrograms $13,040 · Management $1,223$14,263
IX-20 InterestManagement $337,950$337,950
IX-22 Depreciation, depletion and amortizationManagement $95,953$95,953
IX-23 InsurancePrograms $20,685 · Management $388$21,073
IX-24 Other expenses (24a–d)Programs $179,160 · Management $187,325$366,485
IX-25 Total functional expensesPrograms $4,573,483 · Management $1,557,298 · Fundraising $0$6,130,781
Part X · Balance sheet $35,805,047 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $1,273,490$650,678
X-2 Savings and temporary cash investmentsStart of year $126,802$407,087
X-4 Accounts receivable$3,090
X-9 Prepaid expenses and deferred chargesStart of year $210,441$195,573
X-10c Land, buildings and equipment, netStart of year $3,791,411$3,800,429
X-11 Publicly traded securitiesStart of year $10,063,521$9,584,551
X-12 Other securitiesStart of year $19,267,153$20,725,848
X-15 Other assetsStart of year $2,718,737$437,791
X-16 Total assetsStart of year $37,451,555$35,805,047
X-17 Accounts payable and accrued expensesStart of year $1,103,382$1,393,830
X-19 Deferred revenue$24,078
X-26 Total liabilitiesStart of year $7,279,999$6,107,475
X-27 Net assets without donor restrictionsStart of year $30,171,556$29,697,572
X-32 Total net assets or fund balancesStart of year $30,171,556$29,697,572
X-33 Total liabilities and net assetsStart of year $37,451,555$35,805,047
Part XI · Reconciliation of net assets $29,697,572 net assets at year end
XI-1 Total revenue$5,490,202
XI-2 Total expenses$6,130,781
XI-3 Revenue less expenses−$640,579
XI-4 Net assets at start of year$30,171,556
XI-5 Net unrealized gains (losses) on investments$619,395
XI-9 Other changes in net assets−$452,800
XI-10 Net assets at end of year$29,697,572

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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