Bedford Community Foundation: Nonprofit Profile, Financials & Form 990 (EIN 38-3544941)

Revenue by fiscal year
FY2020	$53K
FY2021	$28K
FY2022	$144K
FY2023	$58K
FY2024	$99K
FY2025	$60K

Expenses by fiscal year
FY2020	$85K
FY2021	$68K
FY2022	$104K
FY2023	$102K
FY2024	$105K
FY2025	$96K

Net assets by fiscal year
FY2020	$1.0M
FY2021	$1.3M
FY2022	$1.4M
FY2023	$1.3M
FY2024	$1.6M
FY2025	$1.6M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2000.

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

Where the money goes

99 cents of each dollar spent went to programs.

99%

Program services 99% · $95K Fundraising 1% · $1K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Linda Torbet

President

$0Pt VII · Sec A

Debra Shinkle

Vice President

$0Pt VII · Sec A

Les Marsh

Treasurer

$0Pt VII · Sec A

Maryann McBee

Secretary

$0Pt VII · Sec A

L Bates-Jones

Trustee

$0Pt VII · Sec A

Sharon Throm

Trustee

$0Pt VII · Sec A

Tara Fraley

Trustee

$0Pt VII · Sec A

Greg Brescott

Trustee

$0Pt VII · Sec A

See Bedford Community Foundation 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

Builds endowments to improve local quality of life in social, cultural, economic, and environmental areas.

Provided by the organization

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3 programs · $96K · in their own filed words · FY2024

01

Administered 62 college scholarships, 12 medical aid grants, three

$54Kprogram expense

02

Office expenses

$40Kprogram expense

03

Fundraising fees

$1Kprogram 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 · FY2023

Bedford Twp Lions Club Charities INC Garnet S Francis TreasurerFY2023$10K

John C Bates FoundationFY2023$8K

Amazonsmile FoundationFY2023$22

Total grants receivedfrom 3 funders$19K

See all 3 funders →

Grants paid · 14 grants · $314K · 2019–2024

Unitemized GrantFY2024$31,100

Unitemized GrantFY2023$32,743

Unitemized GrantFY2023$25,379

Unitemized GrantFY2023$6,840

Unitemized GrantFY2022$32,687

Unitemized GrantFY2022$15,743

Unitemized GrantFY2022$2,591

Unitemized GrantFY2021$37,146

Unitemized GrantFY2021$31,400

Unitemized GrantFY2021$6,460

Unitemized GrantFY2020$37,194

Unitemized GrantFY2020$1,780

Unitemized GrantFY2019$47,579

Unitemized GrantFY2019$4,986

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$60K

Ln 12

Gifts and grantsLn 1h$42K

Investment incomeLn 3$17K

Money outPt IX

$96K

Ln 25

Programscol B$95K

Fundraisingcol D$1K

Owns and owesPt X

$1.6M

net assets · Ln 32

Cash and savingsLn 1–2$131K

Total assetsLn 16$1.6M

LiabilitiesLn 26$0

PeoplePt VI, VII

9

listed · VII A

PaidVII A0

Voting boardVI 1a9

IndependentVI 1b0

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$42K

Government grantsLn 1e$24K

Investment incomeLn 3$17K

Total revenueLn 12$60K

Assets in detailPt X, end of year

CashLn 1$131K

Cash and savings togetherLn 1–2$131K

InvestmentsLn 11–13$1.4M

Total assetsLn 16$1.6M

LiabilitiesLn 26$0

Net assetsLn 32$1.6M

OperationsPt I, VI

EmployeesI 50

Fiscal year endsHeaderMarch

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$158K	$131K
InvestmentsLn 11–13	$1.4M	$1.4M
Total assetsLn 16	$1.6M	$1.6M
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$1.6M	$1.6M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$54K	$54K
Management feesLn 11a	$12K	$12K
Legal feesLn 11b	$510	$510
Accounting feesLn 11c	$2K	$485		$1K
Advertising and promotionLn 12	$687	$687
Office expensesLn 13	$160	$160
Information technologyLn 14	$2K	$2K
OccupancyLn 16	$2K	$2K
Conferences, conventions and meetingsLn 19	$744	$744
InsuranceLn 23	$2K	$2K
Other expenses (24a–d)Ln 24	$21K	$21K
Total functional expensesLn 25	$96K	$95K	$0	$1K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$60K	$96K	−$37K	$1.6M	990 PDF
FY2024	$99K	$105K	−$6K	$1.6M	990 PDF
FY2023	$58K	$102K	−$44K	$1.3M	990 PDF
FY2022	$144K	$104K	$40K	$1.4M	990 PDF
FY2021	$28K	$68K	−$40K	$1.3M	990 PDF
FY2020	$53K	$85K	−$32K	$1.0M	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 $59,615 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $84,322$42,135

I-9 Program service revenue$0

I-10 Investment incomePrior year $14,928$17,480

I-11 Other revenue$0

I-12 Total revenuePrior year $99,250$59,615

I-13 Grants and similar amounts paidPrior year $66,608$54,451

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising feesPrior year $553$0

I-17 Other expensesPrior year $38,157$41,773

I-18 Total expensesPrior year $105,318$96,224

I-19 Revenue less expensesPrior year −$6,068−$36,609

Part VI · Governance 0 of 9 board members independent, 4 to look at

VI-1a Voting members of the governing body9

VI-1b Independent voting members0

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $59,615 across 6 lines filed

VIII-1e Government grants$23,505

VIII-1f All other contributions, gifts and grants$18,630

VIII-1h Total contributions, gifts and grants$42,135

VIII-3 Investment incomeRelated to mission $17,480$17,480

VIII-8 Net income from fundraising events$0

VIII-12 Total revenueRelated to mission $17,480$59,615

Part IX · Statement of functional expenses $96,224 across 11 lines filed

IX-1 Grants to domestic organizationsPrograms $54,451$54,451

IX-11a Management feesPrograms $11,560$11,560

IX-11b Legal feesPrograms $510$510

IX-11c Accounting feesPrograms $485 · Fundraising $1,425$1,910

IX-12 Advertising and promotionPrograms $687$687

IX-13 Office expensesPrograms $160$160

IX-14 Information technologyPrograms $2,047$2,047

IX-16 OccupancyPrograms $1,760$1,760

IX-19 Conferences, conventions and meetingsPrograms $744$744

IX-23 InsurancePrograms $1,696$1,696

IX-24 Other expenses (24a–d)Programs $20,699$20,699

IX-25 Total functional expensesPrograms $94,799 · Management $0 · Fundraising $1,425$96,224

Part X · Balance sheet $1,573,438 assets, 7 lines filed

X-1 Cash, non-interest-bearingStart of year $157,798$131,492

X-11 Publicly traded securitiesStart of year $1,405,727$1,441,946

X-16 Total assetsStart of year $1,563,525$1,573,438

X-26 Total liabilitiesStart of year $0$0

X-27 Net assets without donor restrictionsStart of year $1,563,525$1,573,438

X-32 Total net assets or fund balancesStart of year $1,563,525$1,573,438

X-33 Total liabilities and net assetsStart of year $1,563,525$1,573,438

Part XI · Reconciliation of net assets $1,573,438 net assets at year end

XI-1 Total revenue$59,615

XI-2 Total expenses$96,224

XI-3 Revenue less expenses−$36,609

XI-4 Net assets at start of year$1,563,525

XI-5 Net unrealized gains (losses) on investments$46,522

XI-10 Net assets at end of year$1,573,438

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

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Bedford Community Foundation

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV