Bethlehem Redevelopment Assoc EIN 02-0366874

Bethlehem Redevelopment Assoc

EIN  02-0366874 Public charity (501(c)(3)) Bethlehem, NH
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Size
$100K–1M
What they do
Nurtures community heritage and prosperity through arts and cultural programs.
Leadership
Brenna Nicely · Executive Di · $74K
Money in and out
$667K revenue, $574K expenses
Bottom line
46% program efficiency

Nurtures community heritage and prosperity through arts and cultural programs. For fiscal year 2025 it reported $667K in revenue, $574K in expenses, and $2.1M in net assets.Pt I

Where the money goes · FY2025
Total revenue
$667K
Pt VIII · Ln 12
Total expenses
$574K
Pt IX · Ln 25
Net assets
$2.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $93K
Where spending went · Part IX cols B–D
Program services $0.46 Management & general $0.50 Fundraising $0.05
Program efficiency
46%
of spending reaches programs▼ -13% vs prior filing year
Operating runway
7.2mo
months of highly liquid reserves at operating expense rate▼ -11% vs prior filing year
Surplus margin
+14%
revenue over expenses, this year▼ -19% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$667K
FY2025▼ -9%
Expenses
$574K
FY2025▼ -5%
Total assets
$2.1M
FY2025▲ +1%
Total liabilities
$42K
FY2025▼ -26%
Total revenue
$667K
Pt VIII · Ln 12
Total expenses
$574K
Pt IX · Ln 25
Net assets
$2.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$93K
Total assetsPt X · Ln 16$2.1M
Program-expense ratioPt IX · col B46%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

1 program service account for $261K of program spending, described in the organization's own filed words · FY2024.
01

Preserve and enhance the colonial theatre building and grounds for presentation of film and live performances which generally reach more than 10,000 patrons on an annual basis.

$261Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBethlehem Redevelopment Assoc
EINHdr · item D02-0366874
Principal addressHdr · item CBethlehem, NH
WebsiteHdr · item Jwww.bethlehemcolonial.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFFeb 1983

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Di
$74,231Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Brenna Nicely$74,231$70,079$10,962
Stephen Dignazio$61,852$60,000
Christine Etter$50,968$49,329
Christine Kelley$46,464

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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Statement of Revenue

Part VIII
Contributions & grants$437K · 65%
Program service revenue$191K · 29%
Other revenue$28K · 4%
Investment income$12K · 2%
Contributions & grants65%$437K
Program service revenue29%$191K
Other revenue4%$28K
Investment income2%$12K
— government grantsLn 1e$63K
Total revenueLn 12$667K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.46 Management & general $0.50 Fundraising $0.05
Program services46%$261K
Management & general50%$285K
Fundraising5%$28K
Total functional expensesLn 25$574K

Balance Sheet

Part X · end of year
CashLn 1$342K
Total assetsLn 16$2.1M
Total liabilitiesLn 26$42K
Total net assetsLn 32$2.1M
Months of cash on handcomputed7.2

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $342K · Operating expenses/yr $574K
7.2 months
Where the money goes
Program services
Program services $261K · Total expenses $574K
46%
Management & General
Management & general $285K · Total expenses $574K
50%
Fundraising
Fundraising $28K · Total expenses $574K
5%
Cost to raise $1
Fundraising expense (3-yr avg) $31K · Solicited contributions (3-yr avg) $374K
$0.08 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $437K · Total revenue $667K
65%
Government reliance
Government grants $63K · Total revenue $667K
9%
Earned-income share
Program service revenue $191K · Total revenue $667K
29%
Investment reliance
Investment income $12K · Total revenue $667K
+2%
Program self-sufficiency
Program service revenue $191K · Total expenses $574K
33%
Growth & trend
Revenue growth (YoY)
This year $667K · Prior year $730K
-9%
Revenue CAGR
FY2019 $397K · FY2024 $667K
+11%
Net-asset trend (YoY)
End of year $2.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $667K · Expenses $574K
+14%
Liabilities-to-Assets
Total liabilities — · Total assets $2.1M
Net-asset ratio
Net assets $2.1M · Total assets $2.1M
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.1M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Brenna Nicely · Reported title EXECUTIVE DI · Highest reported compensation $74K · Total expenses $574K
13%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $217K · Total expenses $574K
38%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 46%
Overhead ratio 50%
Fundraising cost ratio 6%
Revenue growth -9%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 4 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$667K revenue · viewing · ⤓ 990 PDF
FY2024$730K revenue · ⤓ 990 PDF
FY2023$516K revenue · ⤓ 990 PDF
FY2022$477K revenue · ⤓ 990 PDF
FY2021$480K revenue · ⤓ 990 PDF
FY2020$397K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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