Civic Intelligence

Bedford County Development Association

990 • Fiscal year 2019 • EIN 25-1779048

Jan 01, 2019 to Dec 31, 2019 • Filed on Jun 18, 2020

1 Corporate DrBedford, PA 15522-7983

(814) 623-4816

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

57th percentile

0.27x

Higher debt load relative to assets than 57% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

95th percentile

6.87x

Higher debt load relative to revenue than 95% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

68th percentile

10%

Higher net margin than 68% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

25th percentile

$110,400

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 23.5% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

45th percentile

2.4%

Faster asset growth than 45% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

94th percentile

95%

Faster revenue growth than 94% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Assets

Up

$12,091,240

Up $284,458 (+2.4%) from 2018

Net Assets

Down

$8,857,219

Down $21,672 (-0.2%) from 2018

Liabilities

Up

$3,234,021

Up $306,130 (+10%) from 2018

Revenue

Up

$470,721

Up $229,840 (+95%) from 2018

Expenses

Up

$422,536

Up $60,119 (+17%) from 2018

Net Income

Up

$48,185

Up $169,721 (+140%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2010: $8,954,763Liabilities 2010: $310,260Net Assets 2010: $8,644,5032010Assets 2011: $8,909,131Liabilities 2011: $305,667Net Assets 2011: $8,603,4642011Assets 2012: $9,959,499Liabilities 2012: $359,583Net Assets 2012: $9,599,9162012Assets 2013: $9,712,509Liabilities 2013: $286,443Net Assets 2013: $9,426,0662013Assets 2014: $11,250,751Liabilities 2014: $1,951,853Net Assets 2014: $9,298,8982014Assets 2015: $12,221,106Liabilities 2015: $3,035,484Net Assets 2015: $9,185,6222015Assets 2016: $12,063,241Liabilities 2016: $2,983,534Net Assets 2016: $9,079,7072016Assets 2017: $11,925,146Liabilities 2017: $2,924,719Net Assets 2017: $9,000,4272017Assets 2018: $11,806,782Liabilities 2018: $2,927,891Net Assets 2018: $8,878,8912018Assets 2019: $12,091,240Liabilities 2019: $3,234,021Net Assets 2019: $8,857,2192019Assets 2020: $11,858,262Liabilities 2020: $3,183,294Net Assets 2020: $8,674,9682020Assets 2021: $12,092,964Liabilities 2021: $3,306,997Net Assets 2021: $8,785,9672021Assets 2022: $8,186,227Liabilities 2022: $650,638Net Assets 2022: $7,535,5892022Assets 2023: $11,418,597Liabilities 2023: $1,066,016Net Assets 2023: $10,352,5812023Assets 2024: $16,238,950Liabilities 2024: $4,588,300Net Assets 2024: $11,650,6502024

Highlighted filing

2019

Assets$12,091,240
Liabilities$3,234,021
Net Assets$8,857,219

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $258,0552010Expenses 2011: $368,5302011Expenses 2012: $348,8572012Revenue 2013: $95,201Expenses 2013: $269,051Net Income 2013: -$173,8502013Revenue 2014: $159,233Expenses 2014: $286,403Net Income 2014: -$127,1702014Revenue 2015: $157,520Expenses 2015: $270,795Net Income 2015: -$113,2752015Revenue 2016: $180,384Expenses 2016: $286,375Net Income 2016: -$105,9912016Revenue 2017: $214,812Expenses 2017: $294,090Net Income 2017: -$79,2782017Revenue 2018: $240,881Expenses 2018: $362,417Net Income 2018: -$121,5362018Revenue 2019: $470,721Expenses 2019: $422,536Net Income 2019: $48,1852019Revenue 2020: $266,142Expenses 2020: $448,394Net Income 2020: -$182,2522020Revenue 2021: $559,420Expenses 2021: $448,421Net Income 2021: $110,9992021Revenue 2022: -$773,212Expenses 2022: $477,167Net Income 2022: -$1,250,3792022Revenue 2023: $4,167,470Expenses 2023: $635,738Net Income 2023: $3,531,7322023Revenue 2024: $2,410,604Expenses 2024: $1,112,535Net Income 2024: $1,298,0692024

Highlighted filing

2019

Revenue$470,721
Expenses$422,536
Net Income$48,185
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jun 18, 2020
Return Version
2019v5.1
Gross Receipts
$685,925
Mission and Program Overview

Mission

Promote and attract businesses to and for Bedford County Pennsylvania

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$11,523,831$11,650,938▲ $127,107
Pledges and Grants Receivable$90,000$251,625▲ $161,625
Cash and Non-Interest-Bearing Accounts$192,951$185,331▼ $7,620
Prepaid Expenses and Deferred Charges-$3,346-
Total Assets$11,806,782$12,091,240▲ $284,458
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,893,704$2,987,951▲ $94,247
Accounts Payable and Accrued Expenses$34,187$246,070▲ $211,883
Total Liabilities$2,927,891$3,234,021▲ $306,130
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,878,891$8,857,219▼ $21,672
Total Net Assets Fund Balance$8,878,891$8,857,219▼ $21,672
Total Liabilities and Net Assets / Fund Balance$11,806,782$12,091,240▲ $284,458

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,483,873-$4,483,873
Land$8,661,111-$425,868
Equipment$180,126-$180,126
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Betty SlaytonPresidentFT$110,400$110,400

Board Members and Trustees

NameTitle
Jim GonsmanChair
Mark BollmanImmediate Past Chair
Brian PachtmanVice Chair
Bob McGowanBoard
CA DetwilerBoard
Carl BarnhartBoard
Dwayne ZimmermanBoard
Greg LangBoard
Jan FisherBoard
Jeffrey CristBoard
Lester MeckBoard
Marsha O'RearBoard
Robbie WeaverBoard
Sara LetzoBoard
Travis CollinsAssistant Secretary
Sherry CainAssistant Treasurer
James WistarSecretary
Bill LiedholmTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$379,461
Program Service Revenue
$12,763
Investment Income
$682
Other Revenue
$77,815
All Other Contributions
$119,523
Change in Net Assets
$48,185

Audited Revenue Reconciliation

Revenue per Audited Statements
$470,721
Total Revenue per Audited Statements
$470,721
Total Revenue per Form 990
$470,721
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$291,746
Other Expenses$130,790
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$86,852$34,809$0$121,661
Current Officers, Directors, Trustees, and Key Employees$110,398$0$0$110,398
Interest$36,732$0$0$36,732
Other Employee Benefits$25,932$4,577$0$30,509
Payroll Taxes$16,186$2,856$0$19,042
All Other Expenses$14,266$1,164$0$15,430
Advertising$14,622$0$0$14,622
Pension Plan Contributions$8,616$1,520$0$10,136
Office Expenses$7,783$1,374$0$9,157
Fees for Services Accounting$6,779$1,196$0$7,975
Depreciation Depletion$6,488$1,145$0$7,633
Fees for Services Legal$6,285$1,110$0$7,395
Insurance$0$6,727$0$6,727
Conferences and Meetings$0$6,439$0$6,439
Travel$4,610$813$0$5,423
Occupancy$4,523$798$0$5,321
Other Expenses$3,911$690$0$4,601
Total Functional Expenses$356,108$66,428$0$422,536

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$422,536
Total Expenses per Audited Statements$422,536
Total Expenses per Form 990$422,536
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Bedford County Development Association
EIN
25-1779048
Phone
8146234816
Address
1 Corporate Dr, Bedford, PA 15522-7983

Signing Officer

Name
Bette Slayton
Title
President
Phone
8146234816
Signed
2020-06-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bette Slayton
Formed
1990
Legal Domicile
Pa
Voting Board Members
18
Independent Board Members
18
Employees
5
Volunteers
18

Preparer

Firm
Ritchey Ritchey & Koontz
Address
336 E Pitt Street, Bedford, PA 15522
Preparer
Randall H Ritchey
Phone
8146239510
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Presented at an open board meeting.

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IRS990/GrossReceiptsAmt0685925
IRS990/GrossRentsGrp/RealAmt0293019
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt018
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/FundraisingAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt06727
IRS990/InsuranceGrp/ProgramServicesAmt00
IRS990/InsuranceGrp/TotalAmt06727
IRS990/InterestGrp/FundraisingAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt00
IRS990/InterestGrp/ProgramServicesAmt036732
IRS990/InterestGrp/TotalAmt036732
IRS990/InvestmentIncomeGrp/ExclusionAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0682
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01674172
IRS990/LandBldgEquipBasisNetGrp/BOYAmt011523831
IRS990/LandBldgEquipBasisNetGrp/EOYAmt011650938
IRS990/LandBldgEquipCostOrOtherBssAmt013325110
IRS990/LegalDomicileStateCd0PA
IRS990/LessRentalExpensesGrp/RealAmt0215204
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Promote and attract businesses to and for Bedford County Pennsylvania
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt02893704
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02987951
IRS990/NetAssetsOrFundBalancesBOYAmt08878891
IRS990/NetAssetsOrFundBalancesEOYAmt08857219
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt077815
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt077815
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt08878891
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt08857219
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0798
IRS990/OccupancyGrp/ProgramServicesAmt04523
IRS990/OccupancyGrp/TotalAmt05321
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01374
IRS990/OfficeExpensesGrp/ProgramServicesAmt07783
IRS990/OfficeExpensesGrp/TotalAmt09157
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt04577
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt025932
IRS990/OtherEmployeeBenefitsGrp/TotalAmt030509
IRS990/OtherExpensesGrp/Desc0ENGINEERING
IRS990/OtherExpensesGrp/Desc1DUES
IRS990/OtherExpensesGrp/Desc2TELEPHONE
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0375
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1835
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2690
IRS990/OtherExpensesGrp/ProgramServicesAmt02125
IRS990/OtherExpensesGrp/ProgramServicesAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt23911
IRS990/OtherExpensesGrp/TotalAmt02500
IRS990/OtherExpensesGrp/TotalAmt1835
IRS990/OtherExpensesGrp/TotalAmt24601
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02856
IRS990/PayrollTaxesGrp/ProgramServicesAmt016186
IRS990/PayrollTaxesGrp/TotalAmt019042
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01520
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt08616
IRS990/PensionPlanContributionsGrp/TotalAmt010136
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt090000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0251625
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03346
IRS990/PrincipalOfficerNm0BETTE SLAYTON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0204082
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0-63762
IRS990/PYOtherExpensesAmt0115271
IRS990/PYOtherRevenueAmt045129
IRS990/PYProgramServiceRevenueAmt055432
IRS990/PYRevenuesLessExpensesAmt0-121536
IRS990/PYSalariesCompEmpBnftPaidAmt0247146
IRS990/PYTotalExpensesAmt0362417
IRS990/PYTotalRevenueAmt0240881
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt048185
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt077815
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0470721
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0379461
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0204082
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0136840
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0134840
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0134840
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0990063
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0243399
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0240651
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0198605
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0682655
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.59190
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct00.47000
IRS990ScheduleA/PublicSupportTotal170Amt0990063
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0379461
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0204082
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0136840
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0134840
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0134840
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0990063
IRS990ScheduleA/TotalSupportAmt01672718
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt04483873
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04483873
IRS990ScheduleD/EquipmentGrp/BookValueAmt0180126
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0180126

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$16.2$4.59$11.7$2.41$1.11$1.30
2023Detailed filing. Detailed filing data is available for this year.$11.4$1.07$10.4$4.17$0.64$3.53
2022Detailed filing. Detailed filing data is available for this year.$8.19$0.65$7.54$0.77$0.48$1.25
2021Detailed filing. Detailed filing data is available for this year.$12.1$3.31$8.79$0.56$0.45$0.11
2020Detailed filing. Detailed filing data is available for this year.$11.9$3.18$8.67$0.27$0.45$0.18
2019Detailed filing. Detailed filing data is available for this year.$12.1$3.23$8.86$0.47$0.42$0.05
2018Detailed filing. Detailed filing data is available for this year.$11.8$2.93$8.88$0.24$0.36$0.12
2017Detailed filing. Detailed filing data is available for this year.$11.9$2.92$9.00$0.21$0.29$0.08
2016Detailed filing. Detailed filing data is available for this year.$12.1$2.98$9.08$0.18$0.29$0.11
2015Detailed filing. Detailed filing data is available for this year.$12.2$3.04$9.19$0.16$0.27$0.11
2014Detailed filing. Detailed filing data is available for this year.$11.3$1.95$9.30$0.16$0.29$0.13
2013Detailed filing. Detailed filing data is available for this year.$9.71$0.29$9.43$0.10$0.27$0.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.96$0.36$9.60$0.35
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.91$0.31$8.60$0.37
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.95$0.31$8.64$0.26