Bedford Revitalization INC FY2020 filing

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The purpose of the nonprofit organization is to promote business and professional activities in the downtown of Bedford indiana.

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 35-1843350) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $7K a year · 18% of revenue · last 6 filings
A surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
100% of spending went to programs.
Pt IX · Ln 25 · col B
89.0 mo
of spending, in cash
89.0 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
12
of 12 voting members
12 of 12 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$17K
Spent
$13K
To programs
100%
Net assets
$143K
By yearFY2020–FY2025
Revenue
$17K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$17K
FY2021$60K
FY2022$41K
FY2023$43K
FY2024$51K
FY2025$33K
Expenses
$13K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$13K
FY2021$42K
FY2022$33K
FY2023$43K
FY2024$35K
FY2025$35K
Net assets
$143K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$143K
FY2021$161K
FY2022$167K
FY2023$170K
FY2024$189K
FY2025$193K

From the FY2020 Form 990 · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1992.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $13K

Form 990 Part IX, line 25. 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
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Bedford Revitalization INC executive salaries →

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

Promotes business and professional activities in downtown Bedford, Indiana.

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1 program · $13K · in their own filed words · FY2020
01

The purpose of the nonprofit organization is to promote business and professional activities in the downtown of bedford indiana.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 35-1843350) · Dispute this line
$13Kprogram 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 · FY2020
Total grants receivedfrom 1 funder$6

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$17K
Ln 12
Gifts and grantsLn 1h$17K
Investment incomeLn 3$77
Money outPt IX
$13K
Ln 25
Programscol B$13K
Owns and owesPt X
$143K
net assets · Ln 32
Cash and savingsLn 1–2$98K
Total assetsLn 16$143K
LiabilitiesLn 26$0
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$17K
Investment incomeLn 3$77
Total revenueLn 12$17K
Assets in detailPt X, end of year
CashLn 1$76K
SavingsLn 2$22K
Cash and savings togetherLn 1–2$98K
Accounts receivableLn 4$3K
Prepaid expenses and deferred chargesLn 9$3K
Land, buildings, equipmentLn 10c$40K
Total assetsLn 16$143K
LiabilitiesLn 26$0
Net assetsLn 32$143K
OperationsPt I, VI
EmployeesI 50
VolunteersI 650
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$94K$98K
Land, buildings, equipmentLn 10c$35K$40K
Total assetsLn 16$140K$143K
LiabilitiesLn 26$0$0
Net assetsLn 32$140K$143K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$445$445
OccupancyLn 16$593$593
Other expenses (24a–d)Ln 24$12K$12K
Total functional expensesLn 25$13K$13K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Jul 24, 2026 $33K$35K−$1K$193K 990 PDF
FY2024Filed with the IRS Jun 13, 2025 $51K$35K$16K$189K 990 PDF
FY2023Filed with the IRS May 15, 2024 $43K$43K$493$170K 990 PDF
FY2022Filed with the IRS May 12, 2023 $41K$33K$8K$167K 990 PDF
FY2021Filed with the IRS May 16, 2022 $60K$42K$18K$161K 990 PDF
FY2020 ViewingFiled with the IRS Apr 28, 2022 $17K$13K$3K$143K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $16,674 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $26,640$16,678
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $42$77
I-11 Other revenuePrior year $7,772−$81
I-12 Total revenuePrior year $34,454$16,674
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $25,190$13,177
I-18 Total expensesPrior year $25,190$13,177
I-19 Revenue less expensesPrior year $9,264$3,497
Part VI · Governance 12 of 12 board members independent, 3 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-12a Written conflict of interest policyNo
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-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $16,674 across 7 lines filed
VIII-1b Membership dues$1,200
VIII-1f All other contributions, gifts and grants$15,478
VIII-1h Total contributions, gifts and grants$16,678
VIII-3 Investment incomeRelated to mission $77$77
VIII-6 Net rental income or lossRelated to mission −$1,372−$1,372
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,291$1,291
VIII-12 Total revenueRelated to mission −$4 · Unrelated business $0 · Excluded from tax $0$16,674
Part IX · Statement of functional expenses $13,177 across 3 lines filed
IX-11c Accounting feesPrograms $445$445
IX-16 OccupancyPrograms $593$593
IX-24 Other expenses (24a–d)Programs $12,139$12,139
IX-25 Total functional expensesPrograms $13,177 · Management $0 · Fundraising $0$13,177
Part X · Balance sheet $143,119 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $74,033$76,239
X-2 Savings and temporary cash investmentsStart of year $20,222$21,513
X-4 Accounts receivableStart of year $7,833$2,925
X-9 Prepaid expenses and deferred chargesStart of year $2,667$2,667
X-10c Land, buildings and equipment, netStart of year $34,867$39,775
X-16 Total assetsStart of year $139,622$143,119
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $139,622$143,119
X-32 Total net assets or fund balancesStart of year $139,622$143,119
X-33 Total liabilities and net assetsStart of year $139,622$143,119
Part XI · Reconciliation of net assets $143,119 net assets at year end
XI-1 Total revenue$16,674
XI-2 Total expenses$13,177
XI-3 Revenue less expenses$3,497
XI-4 Net assets at start of year$139,622
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$143,119

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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