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Downtown Bedford INC

Tax-deductible

Bedford, PA501(c)(3)Community Development EIN 25-1893465Revenue $169K in FY2024

On file with the IRSdowntownbedford.comPo Box 286, 15522-0286 · Bedford, PATax-exempt since Apr 2002Publicly supported — 509(a)(2)

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Promote business and activities in the business district of Bedford, PA.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Run by 115 volunteers and 2 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
5 of 5
filings with a surplus
Average surplus $36K a year · 22% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
12 mo
of spending, in cash
Looks good: 11.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $19K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$9K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$169K
+15% vs prior year
Spent
$125K
To programs
96%
Net assets
$249K
By yearFY2020–FY2024
Revenue
$169K
FY2024▲ +15%
Tap a bar for its year
Revenue by fiscal year
FY2020$144K
FY2021$202K
FY2022$177K
FY2023$147K
FY2024$169K
Expenses
$125K
FY2024▼ -2%
Tap a bar for its year
Expenses by fiscal year
FY2020$112K
FY2021$136K
FY2022$155K
FY2023$127K
FY2024$125K
Net assets
$249K
FY2024▲ +21%
Tap a bar for its year
Net assets by fiscal year
FY2020$98K
FY2021$163K
FY2022$186K
FY2023$205K
FY2024$249K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2002.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $120K Management & general 4% · $5K

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

12 people listed on the 990.

Part VII, Section A · reportable compensation
Vicki Foor
Chairman
$0Pt VII · Sec A
Shaun Styer
Vice Chair
$0Pt VII · Sec A
Katie Fink
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Downtown Bedford INC executive salaries →

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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 15aNo

Programs and updates

Boosts business and activities within Bedford, PA's business district.

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Provided by the organization

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1 program · $120K · in their own filed words · FY2024
01

Promoted activites in Bedford business area, oversaw streetscape revitalization project.

$120Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Community Foundation of Greater JohnstownFY2024$11K
Bedford County Conference & Vistors BureauFY2024$8K
Total grants receivedfrom 2 funders$19K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$169K
Ln 12
Other incomeLn 4–11$74K
Gifts and grantsLn 1h$60K
Fees for servicesLn 2g$28K
Money outPt IX
$125K
Ln 25
Programscol B$120K
Managementcol C$5K
Owns and owesPt X
$249K
net assets · Ln 32
Cash and savingsLn 1–2$120K
Total assetsLn 16$257K
LiabilitiesLn 26$9K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$60K
Government grantsLn 1e$23K
Fees for servicesLn 2g$28K
Investment incomeLn 3$7K
Other incomeLn 4–11$74K
Total revenueLn 12$169K
Assets in detailPt X, end of year
CashLn 1$120K
Cash and savings togetherLn 1–2$120K
InvestmentsLn 11–13$90K
Land, buildings, equipmentLn 10c$48K
Total assetsLn 16$257K
LiabilitiesLn 26$9K
Net assetsLn 32$249K
OperationsPt I, VI
EmployeesI 52
VolunteersI 6115
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
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$84K$120K
InvestmentsLn 11–13$86K$90K
Land, buildings, equipmentLn 10c$37K$48K
Total assetsLn 16$207K$257K
LiabilitiesLn 26$2K$9K
Net assetsLn 32$205K$249K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Payroll taxesLn 10$96$86$10$0
Accounting feesLn 11c$3K$3K$312$0
Advertising and promotionLn 12$21K$21K$0$0
Office expensesLn 13$10K$9K$1K$0
TravelLn 17$426$426$0$0
Conferences, conventions and meetingsLn 19$50$50$0$0
Depreciation, depletion and amortizationLn 22$6K$6K$0$0
InsuranceLn 23$1K$1K$143$0
Other expenses (24a–d)Ln 24$83K$79K$4K$0
All other expensesLn 24e$3$3$0$0
Total functional expensesLn 25$125K$120K$5K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $169K$125K$43K$249K 990 PDF
FY2023 $147K$127K$20K$205K 990 PDF
FY2022 $177K$155K$22K$186K 990 PDF
FY2021 $202K$136K$65K$163K 990 PDF
FY2020 $144K$112K$32K$98K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $168,740 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $52,731$60,132
I-9 Program service revenuePrior year $29,875$27,988
I-10 Investment incomePrior year $6,654$6,830
I-11 Other revenuePrior year $57,766$73,790
I-12 Total revenuePrior year $147,026$168,740
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $19,891$96
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $107,444$125,215
I-18 Total expensesPrior year $127,335$125,311
I-19 Revenue less expensesPrior year $19,691$43,429
Part VI · Governance 12 of 12 board members independent, 2 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $168,740 across 9 lines filed
VIII-1b Membership dues$22,300
VIII-1e Government grants$23,240
VIII-1f All other contributions, gifts and grants$14,592
VIII-1h Total contributions, gifts and grants$60,132
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$27,988
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$6,830
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $73,790$73,790
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $34,818 · Unrelated business $0 · Excluded from tax $73,790$168,740
Part IX · Statement of functional expenses $125,311 across 10 lines filed
IX-10 Payroll taxesPrograms $86 · Management $10 · Fundraising $0$96
IX-11c Accounting feesPrograms $2,803 · Management $312 · Fundraising $0$3,115
IX-12 Advertising and promotionPrograms $21,369 · Management $0 · Fundraising $0$21,369
IX-13 Office expensesPrograms $9,035 · Management $1,004 · Fundraising $0$10,039
IX-17 TravelPrograms $426 · Management $0 · Fundraising $0$426
IX-19 Conferences, conventions and meetingsPrograms $50 · Management $0 · Fundraising $0$50
IX-22 Depreciation, depletion and amortizationPrograms $6,274 · Management $0 · Fundraising $0$6,274
IX-23 InsurancePrograms $1,286 · Management $143 · Fundraising $0$1,429
IX-24 Other expenses (24a–d)Programs $79,010 · Management $3,500 · Fundraising $0$82,510
IX-24e All other expensesPrograms $3 · Management $0 · Fundraising $0$3
IX-25 Total functional expensesPrograms $120,342 · Management $4,969 · Fundraising $0$125,311
Part X · Balance sheet $257,353 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $84,367$119,912
X-10c Land, buildings and equipment, netStart of year $36,762$47,809
X-11 Publicly traded securitiesStart of year $85,977$89,632
X-16 Total assetsStart of year $207,106$257,353
X-17 Accounts payable and accrued expensesStart of year $1,883$8,701
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $1,883$8,701
X-27 Net assets without donor restrictionsStart of year $205,223$248,652
X-32 Total net assets or fund balancesStart of year $205,223$248,652
X-33 Total liabilities and net assetsStart of year $207,106$257,353
Part XI · Reconciliation of net assets $248,652 net assets at year end
XI-1 Total revenue$168,740
XI-2 Total expenses$125,311
XI-3 Revenue less expenses$43,429
XI-4 Net assets at start of year$205,223
XI-10 Net assets at end of year$248,652

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

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