Civic Intelligence

Downtown Bedford Inc.

990 • Fiscal year 2016 • EIN 25-1893465

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 01, 2017

PO Box 286Bedford, PA 15522-0286

(814) 623-0048

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.05x

Higher debt load relative to assets than 72% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

69th percentile

0.02x

Higher debt load relative to revenue than 69% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

43rd percentile

0.4%

Higher net margin than 43% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

45th percentile

-0.3%

Faster asset growth than 45% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

59th percentile

6.5%

Faster revenue growth than 59% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Down

$87,909

Down $222 (-0.3%) from 2015

Net Assets

Up

$83,813

Up $917 (+1.1%) from 2015

Liabilities

Down

$4,096

Down $1,139 (-22%) from 2015

Revenue

Up

$206,288

Up $12,638 (+6.5%) from 2015

Expenses

Up

$205,371

Up $15,317 (+8.1%) from 2015

Net Income

Down

$917

Down $2,679 (-74%) from 2015

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2010: $264,066Liabilities 2010: $205,680Net Assets 2010: $58,3862010Assets 2011: $51,798Liabilities 2011: $19,458Net Assets 2011: $32,3402011Assets 2012: $152,624Liabilities 2012: $116,330Net Assets 2012: $36,2942012Assets 2013: $56,392Liabilities 2013: $5,636Net Assets 2013: $50,7562013Assets 2014: $82,611Liabilities 2014: $3,311Net Assets 2014: $79,3002014Assets 2015: $88,131Liabilities 2015: $5,235Net Assets 2015: $82,8962015Assets 2016: $87,909Liabilities 2016: $4,096Net Assets 2016: $83,8132016Assets 2017: $84,376Liabilities 2017: $10,241Net Assets 2017: $74,1352017Assets 2018: $78,251Liabilities 2018: $18,391Net Assets 2018: $59,8602018Assets 2019: $69,718Liabilities 2019: $3,429Net Assets 2019: $66,2892019Assets 2020: $103,123Liabilities 2020: $5,318Net Assets 2020: $97,8052020Assets 2021: $170,081Liabilities 2021: $6,850Net Assets 2021: $163,2312021Assets 2022: $194,070Liabilities 2022: $8,538Net Assets 2022: $185,5322022Assets 2023: $207,106Liabilities 2023: $1,883Net Assets 2023: $205,2232023Assets 2024: $257,353Liabilities 2024: $8,701Net Assets 2024: $248,6522024

Highlighted filing

2016

Assets$87,909
Liabilities$4,096
Net Assets$83,813

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $864,3772010Expenses 2011: $455,8282011Expenses 2012: $492,2122012Revenue 2013: $148,898Expenses 2013: $134,436Net Income 2013: $14,4622013Revenue 2014: $186,125Expenses 2014: $157,581Net Income 2014: $28,5442014Revenue 2015: $193,650Expenses 2015: $190,054Net Income 2015: $3,5962015Revenue 2016: $206,288Expenses 2016: $205,371Net Income 2016: $9172016Revenue 2017: $203,881Expenses 2017: $213,559Net Income 2017: -$9,6782017Revenue 2018: $234,969Expenses 2018: $249,244Net Income 2018: -$14,2752018Revenue 2019: $166,895Expenses 2019: $160,466Net Income 2019: $6,4292019Revenue 2020: $143,684Expenses 2020: $112,168Net Income 2020: $31,5162020Revenue 2021: $201,914Expenses 2021: $136,488Net Income 2021: $65,4262021Revenue 2022: $177,192Expenses 2022: $154,891Net Income 2022: $22,3012022Revenue 2023: $147,026Expenses 2023: $127,335Net Income 2023: $19,6912023Revenue 2024: $168,740Expenses 2024: $125,311Net Income 2024: $43,4292024

Highlighted filing

2016

Revenue$206,288
Expenses$205,371
Net Income$917
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 1, 2017
Return Version
2016v3.0
Gross Receipts
$249,628
Mission and Program Overview

Mission

Promote business and activities

Promote business and activities in the business district of Bedford, PA.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$52,105$45,546▼ $6,559
Cash and Non-Interest-Bearing Accounts$33,139$40,803▲ $7,664
Land, Buildings, and Equipment, Net$2,887$1,560▼ $1,327
Total Assets$88,131$87,909▼ $222
Liabilities
Accounts Payable and Accrued Expenses$5,235$4,096▼ $1,139
Total Liabilities$5,235$4,096▼ $1,139
Net Assets / Fund Balance
Unrestricted Net Assets$82,896$83,813▲ $917
Total Net Assets Fund Balance$82,896$83,813▲ $917
Total Liabilities and Net Assets / Fund Balance$88,131$87,909▼ $222

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,560$11,615$13,175
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$90,718
Program Service Revenue
$0
Investment Income
$111
Other Revenue
$115,459
All Other Contributions
$12,408
Change in Net Assets
$917

Audited Revenue Reconciliation

Revenue per Audited Statements
$206,288
Revenue Not Reported on Form 990
$43,340
Total Revenue per Audited Statements
$249,628
Total Revenue per Form 990
$206,288
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$111,367
Salaries, Compensation, and Employee Benefits$94,004
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$50,183$5,576$0$55,759
Comp Disqual Persons$27,909$3,106$0$31,015
Insurance$7,366$819$0$8,185
Payroll Taxes$6,507$723$0$7,230
Other Expenses$3,140$0$0$3,140
Fees for Services Accounting$2,155$0$0$2,155
Depreciation Depletion$1,327$0$0$1,327
All Other Expenses$1,157$0$0$1,157
Fees for Services Management$0$697$0$697
Fees for Services Legal$195$0$0$195
Total Functional Expenses$187,253$18,118$0$205,371

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$248,711
Expenses per Audited Statements$205,371
Total Expenses per Form 990$205,371
Expenses Not Reported on Form 990$43,340
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$158,786
Fundraising Direct Expenses$43,340
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Snowflake$25,220$25,220-$25,220
Hot Summer Nights$22,766$22,766-$22,766
Total Events$91,484$91,484$47,957$43,527
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
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
Downtown Bedford Inc
EIN
25-1893465
Phone
8146230048
Address
PO Box 286, Bedford, PA 15522-0286

Signing Officer

Name
Michael Lamb
Title
Treasurer
Phone
8146230048
Signed
2017-11-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Lamb
Formed
2002
Legal Domicile
Pa
Voting Board Members
18
Independent Board Members
18
Employees
2
Volunteers
20

Preparer

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

Additional Explanations

Pt VI, Line 11B

990 distributed at Board mtg.

Pt VI, Line 12C

Monitored at each Board mtg.

Form 990EZ, Part II, Line 26

Accounts payable

Form 990EZ, Part II, Line 26

Payroll taxes payable

Form 990, Part IX, Line 24E

Other 1157. 1157. 0. 0.

Financial Statement Notes

Pt XI, Line 2D

Special events exp

Pt XII, Line 2D

Special events exp

Pt X, Line 2

DBI is a tax exempt organization under Section 501(c)(3) of the Internal Revenue Code. As a non stock, nonprofit organization, it is exempt from all Pennsylvania corporate taxes. Federal income tax returns for 2016, 2015 and 2014 are subject to examination by the Internal Revenue Service, generally for three years after they were filed. An income tax position may create an income tax contingency for DBI. As of December 31, 2016, there were no income tax positions that created an income tax contingency.

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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt079
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0387
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0158786
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0145002
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0137371
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt084943
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt091651
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0617753
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0111
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0109
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt040
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt048
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt079
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0387
IRS990ScheduleA/InvestmentIncomeCYPct00.00030
IRS990ScheduleA/InvestmentIncomePYPct00.00030
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt013
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0156
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt012
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0802
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt066
IRS990ScheduleA/OtherIncome509Grp/TotalAmt01049
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.99900
IRS990ScheduleA/PublicSupportPY509Pct00.99910
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt01395210
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0249504
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0226165
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0226793
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0172507
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0520241
IRS990ScheduleA/Total509Grp/TotalAmt01395210
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01396646
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt01560
IRS990ScheduleD/EquipmentGrp/DepreciationAmt011615
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt013175
IRS990ScheduleD/ExpensesNotReportedAmt043340
IRS990ScheduleD/ExpensesSubtotalAmt0205371
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesIncludedAmt043340
IRS990ScheduleD/OtherRevenueAmt043340
IRS990ScheduleD/RevenueNotReportedAmt043340
IRS990ScheduleD/RevenueSubtotalAmt0206288
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Special events exp
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Special events exp
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2DBI is a tax exempt organization under Section 501(c)(3) of the Internal Revenue Code. As a non stock, nonprofit organization, it is exempt from all Pennsylvania corporate taxes. Federal income tax returns for 2016, 2015 and 2014 are subject to examination by the Internal Revenue Service, generally for three years after they were filed. An income tax position may create an income tax contingency for DBI. As of December 31, 2016, there were no income tax positions that created an income tax contingency.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt XI, Line 2d
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt XII, Line 2d
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt X, Line 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01560
IRS990ScheduleD/TotalExpensesPerForm990Amt0205371
IRS990ScheduleD/TotalRevenuePerForm990Amt0206288
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0249628
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0248711
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt047957
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Snowflake
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0Hot Summer Nights
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt08016
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt012629
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageOtherEventsAmt027312
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt047957
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt025220
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt022766
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt043498
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt091484
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt025220
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt022766
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt043498
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt091484
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt043527
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt04
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0990 distributed at Board mtg.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Monitored at each Board mtg.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Accounts payable
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Payroll taxes payable
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Other 1157. 1157. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt088131
IRS990/TotalAssetsEOYAmt087909
IRS990/TotalAssetsGrp/BOYAmt088131
IRS990/TotalAssetsGrp/EOYAmt087909
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt090718
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt018118
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0187253
IRS990/TotalFunctionalExpensesGrp/TotalAmt0205371
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05235
IRS990/TotalLiabilitiesEOYAmt04096
IRS990/TotalLiabilitiesGrp/BOYAmt05235
IRS990/TotalLiabilitiesGrp/EOYAmt04096
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt082896
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt083813
IRS990/TotalProgramServiceExpensesAmt0187253
IRS990/TotalRevenueGrp/ExclusionAmt0115446
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0124
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0206288
IRS990/TotalVolunteersCnt020

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.57$0.09$2.49$1.69$1.25$0.43
2023Detailed filing. Detailed filing data is available for this year.$2.07$0.02$2.05$1.47$1.27$0.20
2022Detailed filing. Detailed filing data is available for this year.$1.94$0.09$1.86$1.77$1.55$0.22
2021Detailed filing. Detailed filing data is available for this year.$1.70$0.07$1.63$2.02$1.36$0.65
2020Detailed filing. Detailed filing data is available for this year.$1.03$0.05$0.98$1.44$1.12$0.32
2019Detailed filing. Detailed filing data is available for this year.$0.70$0.03$0.66$1.67$1.60$0.06
2018Detailed filing. Detailed filing data is available for this year.$0.78$0.18$0.60$2.35$2.49$0.14
2017Detailed filing. Detailed filing data is available for this year.$0.84$0.10$0.74$2.04$2.14$0.10
2016Detailed filing. Detailed filing data is available for this year.$0.88$0.04$0.84$2.06$2.05$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.88$0.05$0.83$1.94$1.90$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.83$0.03$0.79$1.86$1.58$0.29
2013Detailed filing. Detailed filing data is available for this year.$0.56$0.06$0.51$1.49$1.34$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.53$1.16$0.36$4.92
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.52$0.19$0.32$4.56
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.64$2.06$0.58$8.64