Berne Commuinity Development Corporation EIN 61-1439516 Form 990 (PDF) Claim this org

Berne Commuinity Development Corporation

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Form 990 for the fiscal year ending December 2025 (IRS tax year 2025).


Builds and maintains a community park with a historical clock tower. For fiscal year 2025 it reported $357K in revenue, $350K in expenses, and $3.4M in net assets.Pt I

Founded
2003
Type
Public charity (501(c)(3)) · Environment
Location
Berne, IN
Website
www.berneclocktower.org
Filings
6 on file (2020–2025)
Revenue
$357KFY2025
Expenses
$350K
Net assets
$3.4M
People
22
Filings
6
Updates
0
More identity details & actions ⌄
EIN  61-1439516 Public charity (501(c)(3)) Berne, IN Founded 2003
Form 990 (PDF)
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Size
$100K–1M
What they do
Builds and maintains a community park with a historical clock tower.
Leadership
Kirsten Herman · Director
Money in and out
$357K revenue, $350K expenses
Bottom line
83% program efficiency
Where the money goes · FY2025
Total revenue
$357K
Pt VIII · Ln 12
Total expenses
$350K
Pt IX · Ln 25
Net assets
$3.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $8K
Where spending went · Part IX cols B–D
Program services $0.83 Management & general $0.17
Program efficiency
83%
of spending reaches programs▼ -4% vs prior filing year
Operating runway
15.7mo
months of highly liquid reserves at operating expense rate▲ +25% vs prior filing year
Surplus margin
+2%
revenue over expenses, this year▲ ×11 vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$357K
FY2025▼ -20%
Expenses
$350K
FY2025▼ -22%
Total assets
$3.8M
FY2025▲ +3%
Total liabilities
$454K
FY2025▲ +18%
Revenue less expensesPt I · Ln 19$8K
Total assetsPt X · Ln 16$3.8M
Program-expense ratioPt IX · col B83%
Voting members of governing bodyPt I · Ln 319
Independent voting membersPt I · Ln 419

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBerne Commuinity Development Corporation
EINHdr · item D61-1439516
Principal addressHdr · item CBerne, IN
WebsiteHdr · item Jwww.berneclocktower.org
Year of formationHdr · item L2003
State of legal domicileHdr · item MIN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEnvironment (C20)
Ruling yearIRS BMFMar 2003

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a19
Independent voting membersPt VI · Ln 1b19
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $289K of program spending, described in the organization's own filed words · FY2025.
01

Berne CDC maintains a historical public park and provides free concerts to the public. Berne CDC also provides planning and funding for other community development programs and projects.

$289Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$302K · 85%
Program service revenue$29K · 8%
Investment income$18K · 5%
Other revenue$9K · 2%
Contributions & grants85%$302K
Program service revenue8%$29K
Investment income5%$18K
Other revenue2%$9K
Total revenueLn 12$357K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.83 Management & general $0.17
Program services83%$289K
Management & general17%$61K
Total functional expensesLn 25$350K

Balance Sheet

Part X · end of year
CashLn 1$194K
Total assetsLn 16$3.8M
Total liabilitiesLn 26$454K
Total net assetsLn 32$3.4M
Months of cash on handcomputed6.7

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $457K · Operating expenses (Pt IX) $350K · Less non-cash grants $151 · Cash operating expenses/yr $349K
15.7 months
Where the money goes
Program services
Program services $289K · Total expenses $350K
83%
Management & General
Management & general $61K · Total expenses $350K
17%
Fundraising
Fundraising $0 · Total expenses $350K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $276K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $302K · Total revenue $357K
85%
Government reliance
Government grants — · Total revenue $357K
Earned-income share
Program service revenue $29K · Total revenue $357K
8%
Investment reliance
Investment income $18K · Total revenue $357K
+5%
Program self-sufficiency
Program service revenue $29K · Total expenses $350K
8%
Growth & trend
Revenue growth (YoY)
This year $357K · Prior year $449K
-20%
Revenue CAGR
FY2020 $97K · FY2025 $357K
+30%
Net-asset trend (YoY)
End of year $3.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $357K · Expenses $350K
+2%
Liabilities-to-Assets
Total liabilities — · Total assets $3.8M
Net-asset ratio
Net assets $3.4M · Total assets $3.8M
88%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $264K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $3.8M
7%
People & payroll
Highest Reported Total Compensation
Individual Kirsten Herman · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $350K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $350K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 83%
Overhead ratio 17%
Revenue growth -20%

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 · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$17K
Grants paid · 1 grant · $8K · 2023–2023
Johnson JunctionFY2023$7,500

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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)$357K revenue · viewing · ⤓ 990 PDF
FY2024$449K revenue · ⤓ 990 PDF
FY2023$124K revenue · ⤓ 990 PDF
FY2022$197K revenue · ⤓ 990 PDF
FY2021$140K revenue · ⤓ 990 PDF
FY2020$97K 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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