Police Benevolent Association Of The Town Of Bedford Inc
- Assets
- $447.7k
- Revenue
- $235.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Bedford Hills, NY
- Founding
- 05/1978
- Data as of
- 12/2021
- EIN
- 13-2921173
Organization Overview
Police Benevolent Association Of The Town Of Bedford Inc is located in Bedford Hills, NY. The organization was established in 1978. According to its NTEE Classification (I02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Police Benevolent Association Of The Town Of Bedford Inc is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2021, Police Benevolent Association Of The Town Of Bedford Inc generated $235.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.5% each year . All expenses for the organization totaled $145.8k during the year ending 12/2021. While expenses have increased by 4.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVE OFFICERS' BENEFITS AND COMMUNITY IMAGE
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIFE, HEALTH, DEATH & OPTICAL BENEFITS FOR ACTIVE & RETIRED MEMBERS. APPROXIMATELY 45 POLICE OFFICAERS BENEFIT.
YOUTH, COMMUNITY & FRATERNAL ACTIVITIES - PICNICS & PARTIES
COMMUNITY IMPROVEMENT - DONATIONS, SCHOLARSHIPS, SPONSORSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Colello Vice President | Officer | 2 | $0 |
Adam Grisanti President | Officer | 2 | $0 |
Nancy Valdovinos Treasurer | Officer | 2 | $0 |
Nancy Wallwork Secretary | Officer | 2 | $0 |
John Moylan Sgt At Arms | Officer | 2 | $0 |
Frank Egelsen Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $99,276 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $125,058 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $224,334 |
| Total Program Service Revenue | $0 |
| Investment income | $10,674 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $235,008 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $21,795 |
| Grants and other assistance to domestic individuals. | $550 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $61,239 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30,000 |
| Fees for services: Accounting | $1,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $9,488 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,470 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,670 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $145,822 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $184,768 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $262,948 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $447,716 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $447,716 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $447,716 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Police Benevolent Association Of The Town Of Bedford Inc has recieved totaling $7,600.
| Awarding Organization | Amount |
|---|---|
Donna And Marvin Schwartz Foundation New York, NY PURPOSE: CHARITABLE CONTRIBUTION TO PUBLIC CHARITY | $5,000 |
The Adela And Lawrence Elow Foundation C/O Lawrence Elow Bedford, NY PURPOSE: GENERAL CONTRIBUTION | $2,500 |
Joyce Charitable Fund Bedford, NY PURPOSE: GENERAL OPERATIONS | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pennsylvania Interest On Lawyer Trust Account Board Harrisburg, PA | $39,506,972 | $24,730,443 |
Pennsylvania Bar Institute Harrisburg, PA | $0 | $5,143,408 |
Massachusetts Continuing Legal Education Inc Boston, MA | $16,907,463 | $6,276,731 |
Ufcw Local 1776ks Wd And Employers Legal Fund Canonsburg, PA | $149,899 | $816,905 |
Yonkers Police Captains Lts & Sgts Benevolent Assoc Trust Fund Wallingford, CT | $161,472 | $542,001 |
Ufcw Local 1776 & Participating Employers Legal Trust Fund Plymouth Meeting, PA | $725,408 | $518,133 |
Yonkers Police Captains Lieutenants And Sergeants Benevolent Associati Yonkers, NY | $330,036 | $477,977 |
Port Authority Police Lieutenants Benevolent Association Jersey City, NJ | $1,940,400 | $358,633 |
Southampton Village Police Benevolent Association Inc Southampton, NY | $834,276 | $317,311 |
Yorktown Police Benevolent Association Inc Yorktown Heights, NY | $669,269 | $275,450 |
Policemens Benevolent Association Local No 24 Inc Atlantic City, NJ | $372,946 | $302,017 |
Norwalk Police Fund Inc Norwalk, CT | $368,502 | $213,417 |