Old Bedford Village Inc
- Assets
- $3.1m
- Revenue
- $290.2k
- Investments
- $207.5k
- Employees
- 11
- Location
- Bedford, PA
- Founding
- 05/1978
- Data as of
- 12/2021
- 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 12/2021, 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 12/2021, Old Bedford Village Inc generated $290.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $259.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 7 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
2021
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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
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 |
Dave Heller Director | Trustee | 1 | $0 |
Colin Milburn Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $730 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $63,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,402 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $75,832 |
| Total Program Service Revenue | $177,789 |
| Investment income | $4,381 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,810 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $19,345 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $290,157 |
| 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. | $35,868 |
| Compensation of current officers, directors, key employees. | $29,591 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $46,802 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,534 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,259 |
| Office expenses | $3,301 |
| 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 | $52,498 |
| Insurance | $19,284 |
| All other expenses | $100 |
| Total functional expenses | $259,376 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $466,014 |
| 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 | $280,129 |
| Prepaid expenses and deferred charges | $3,520 |
| Net Land, buildings, and equipment | $2,107,381 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $207,461 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,064,505 |
| Accounts payable and accrued expenses | $8,979 |
| 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 | $8,979 |
| Net assets without donor restrictions | $3,055,526 |
| 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 | $3,064,505 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Old Bedford Village Inc has recieved totaling $8,000.
| Awarding Organization | Amount |
|---|---|
Bedford County Conference & Vistors Bureau Bedford, PA PURPOSE: TOURIST PROMOTION | $7,500 |
Hcr Manorcare Foundation Inc Toledo, OH PURPOSE: EMPLOYEE VOLUNTEER GRANT | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Historical Society New York, NY | $208,003,318 | $56,360,280 |
John E Andrus Memorial Inc Hastingsonhudson, NY | $34,101,989 | $32,146,743 |
Seventh Regiment Armory Conservancy Inc New York, NY | $306,083,724 | $25,857,761 |
Ohio Historical Society Columbus, OH | $7,345,353 | $25,940,986 |
American Society For Yad Vashem Inc New York, NY | $98,978,221 | $39,756,518 |
Friends Of The High Line Inc New York, NY | $106,621,000 | $20,114,000 |
World Monuments Fund Inc New York, NY | $56,711,356 | $20,259,179 |
Historic Hudson Valley Pocantico Hills, NY | $88,361,473 | $19,006,453 |
Franklin County Historical Society Columbus, OH | $23,539,656 | $19,471,266 |
The Fort Ticonderoga Association Inc Ticonderoga, NY | $22,583,346 | $10,084,437 |
Historical Society Of Western Pennsylvania Pittsburgh, PA | $61,152,096 | $7,849,869 |
Statue Of Liberty Ellis Island Foundation Inc New York, NY | $69,211,443 | $8,809,212 |