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Bethesda Foundation

Colorado Springs, CO · EIN 47-0497753 · 501(c)(3) · Publicly supported organization (509(a)(2))
Latest filing: Form 990 for the fiscal year ending September 30, 2025 (tax year 2024) · View the filing · Correct or respond

Bethesda Foundation reported $57.3 million in revenue and $59.7 million in expenses for the fiscal year ending September 30, 2025. Of every $100 it spent, $84.22 went to program services, $15.78 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 95.9% of the total. The highest compensation it reported for one person was $455,797 (PRESIDENT, CHAIR & DIRECTOR). 14 people received more than $100,000 in reportable compensation. Revenue rose 58% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending September 30, 2025 · Form 990, Part IX, line 25 · total expenses $60M

For context, the median across 3,614 covered human services charities: $88.27 programs, $11.52 management, $0.21 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending September 30, 2025 · Form 990, Part VIII · total revenue $57M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 3,614 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
84.2%87.2%
Management & general
Part IX 25(C) ÷ 25(A)
15.8%11.4%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%0.2%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.00$0.02
Contributions & grants share of revenue
Part VIII 1h ÷ 12
1.6%20.6%
Government grants share of revenue
Part VIII 1e ÷ 12
1.6%2.4%
Program service revenue share
Part VIII 2g ÷ 12
95.9%70.8%
Highest reported compensation
Part VII-A, columns D–F
$455,797$274,992
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.76%1.18%
People paid over $100,000
Part VII, line 2
146
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
-0.56.9
Independent voting board members
Part VI 1a–1b
4 of 9100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$50M expenses · 100.0% of program spending · grants $61,850 · revenue $56M

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

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
PRESIDENT, CHAIR & DIRECTOR
Director/trustee, officer, 25.00 hrs/week
$0$407,174$48,623$455,797
CFO, TREASURER & DIRECTOR
Director/trustee, officer, 25.00 hrs/week
$0$311,825$48,024$359,849
VICE PRESIDENT & DIRECTOR
Director/trustee, officer, 25.00 hrs/week
$297,507$0$21,362$318,869
VP OF HUMAN RESOURCES & DIRECTOR
Director/trustee, 25.00 hrs/week
$0$227,426$20,487$247,913
VP OF STRATEGY & DEV. (PART YEAR)
Key employee, 15.00 hrs/week
$213,872$0$26,516$240,388
VP OF SALES & MARKETING(PART YEAR)
Highest compensated employee, 30.00 hrs/week
$198,223$0$5,726$203,949
VP OF HEALTH SERVICES
Highest compensated employee, 24.00 hrs/week
$184,056$0$19,046$203,102
REGIONAL VP OF OPERATIONS
Highest compensated employee, 25.00 hrs/week
$176,195$0$19,125$195,320

14 people received more than $100,000 in reportable compensation from Bethesda Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $958K (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$20M$40M$60M$80MFY2020FY2021FY2022FY2023FY2024FY2025$57M$60M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$57M$60M84.2%−$2.6M$455,797
FY2024 ⓘ$57M$57M84.3%−$646K$408,023
FY2023 ⓘ$49M$56M86.1%−$1.3M$406,351
FY2022 ⓘ$49M$51M87.0%$4.8M$369,047
FY2021 ⓘ$43M$47M88.2%$6.9M$372,773
FY2020 ⓘ$36M$41M87.8%$9.3M$382,050

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b9 · 4 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2Yes
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4Yes
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bYes
  • Employees Part I, line 51,840
  • Volunteers Part I, line 648

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
BRINKMANN CONSTRUCTORS
Construction
$2,426,798
RIDGE VIEW CONSTRUCTION INC
Construction
$1,108,122
DIRECT SUPPLY INC
Construction and purchasing
$666,195
HEALTHCARE SERVICES GROUP INC
Food service and housekeeping
$504,580
THE CARPET SHOPPE INC
Flooring and installation
$301,289

Individuals listed as contractors are left out. 17 contractors were paid more than $100,000 in all.

Correct a figure or respond

Every number above is copied from Bethesda Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Bethesda Foundation, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All human services charities · Largest charities in Colorado

Questions people ask

How much of Bethesda Foundation's spending goes to programs?

In the fiscal year ending September 30, 2025, Bethesda Foundation reported that 84.2% of its $59.7 million in expenses went to program services, 15.8% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Bethesda Foundation pay its top executive?

The largest total compensation Bethesda Foundation reported for one person in the fiscal year ending September 30, 2025 was $455,797, for the role of PRESIDENT, CHAIR & DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Bethesda Foundation get its money?

Of $57.3 million in revenue in the fiscal year ending September 30, 2025, 1.6% came from contributions and grants (including 1.6% from government grants) and 95.9% from program service revenue (Form 990, Part VIII).

Is Bethesda Foundation a registered charity?

The IRS lists EIN 47-0497753 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending September 30, 2025, object 202622299349302327 · read the filing
  • FY2024: Form 990 for the fiscal year ending September 30, 2024, object 202532279349302813 · read the filing
  • FY2023: Form 990 for the fiscal year ending September 30, 2023, object 202402289349303965 · read the filing
  • FY2022: Form 990 for the fiscal year ending September 30, 2022, object 202312279349301796 · read the filing
  • FY2021: Form 990 for the fiscal year ending September 30, 2021, object 202242279349303234 · read the filing
  • FY2020: Form 990 for the fiscal year ending September 30, 2020, object 202132259349301238 · read the filing

All filings for EIN 47-0497753: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.