Old Bedford Village Inc
- Assets
- $3.0m
- Revenue
- $272.6k
- Investments
- $216.5k
- Employees
- 11
- Location
- Bedford, PA
- Founding
- 05/1978
- Data as of
- 12/2023
- EIN
- 25-1336799
Organization Overview
Old Bedford Village Inc is located in Bedford, PA. The organization was established in 1978. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Old Bedford Village Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Old Bedford Village Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Old Bedford Village Inc generated $272.6k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $284.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 9 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF HISTORIC VILLAGE
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCENIC VILLAGE PRESERVING THE HISTORIC WAY OF LIFE IN BEDFORD COUNTY
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eileen Petit Director | Trustee | 1 | $0 |
Colin Milburn Director | Trustee | 1 | $0 |
Clyde Deremer Chairman | Officer | 3 | $0 |
James Lohman Vice Chairman | Officer | 3 | $0 |
Courtney Paul-Wessner Secretary | Officer | 3 | $0 |
John Tornatore Treasurer | Officer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $472 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $21,852 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,324 |
| Total Program Service Revenue | $204,502 |
| Investment income | $7,552 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $15,683 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $21,698 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $272,624 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $51,240 |
| Compensation of current officers, directors, key employees. | $51,240 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $45,884 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $610 |
| Payroll taxes | $12,508 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,694 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $26,185 |
| Office expenses | $2,604 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,949 |
| Insurance | $17,242 |
| All other expenses | $214 |
| Total functional expenses | $284,092 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $425,531 |
| 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 | $280,229 |
| Prepaid expenses and deferred charges | $6,414 |
| Net Land, buildings, and equipment | $2,069,257 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $216,521 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,997,952 |
| Accounts payable and accrued expenses | $7,040 |
| 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 | $7,040 |
| Net assets without donor restrictions | $2,990,912 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| 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 | $2,997,952 |