Civic Intelligence

Downtown Bedford Inc.

990 • Fiscal year 2017 • EIN 25-1893465

Jan 01, 2017 to Dec 31, 2017 • Filed on Aug 02, 2018

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

79th percentile

0.12x

Higher debt load relative to assets than 79% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

77th percentile

0.05x

Higher debt load relative to revenue than 77% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

30th percentile

-4.7%

Higher net margin than 30% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

37th percentile

-4.0%

Faster asset growth than 37% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

46th percentile

-1.2%

Faster revenue growth than 46% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$84,376

Down $3,533 (-4.0%) from 2016

Net Assets

Down

$74,135

Down $9,678 (-12%) from 2016

Liabilities

Up

$10,241

Up $6,145 (+150%) from 2016

Revenue

Down

$203,881

Down $2,407 (-1.2%) from 2016

Expenses

Up

$213,559

Up $8,188 (+4.0%) from 2016

Net Income

Down

-$9,678

Down $10,595 (-1155%) from 2016

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

2017

Assets$84,376
Liabilities$10,241
Net Assets$74,135

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

2017

Revenue$203,881
Expenses$213,559
Net Income-$9,678
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Aug 2, 2018
Return Version
2017v2.2
Gross Receipts
$247,226
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$45,546$45,700▲ $154
Cash and Non-Interest-Bearing Accounts$40,803$36,031▼ $4,772
Land, Buildings, and Equipment, Net$1,560$2,645▲ $1,085
Total Assets$87,909$84,376▼ $3,533
Liabilities
Accounts Payable and Accrued Expenses$4,096$5,741▲ $1,645
Deferred Revenue-$4,500-
Total Liabilities$4,096$10,241▲ $6,145
Net Assets / Fund Balance
Unrestricted Net Assets$83,813$74,135▼ $9,678
Total Net Assets Fund Balance$83,813$74,135▼ $9,678
Total Liabilities and Net Assets / Fund Balance$87,909$84,376▼ $3,533

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$2,645$13,028$15,673
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$79,625
Program Service Revenue
$0
Investment Income
$154
Other Revenue
$124,102
All Other Contributions
$9,300
Change in Net Assets
$-9,678

Audited Revenue Reconciliation

Revenue per Audited Statements
$203,881
Revenue Not Reported on Form 990
$43,345
Total Revenue per Audited Statements
$247,226
Total Revenue per Form 990
$203,881
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$110,244
Salaries, Compensation, and Employee Benefits$103,315
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$53,625$5,958$0$59,583
Comp Disqual Persons$31,892$3,543$0$35,435
Insurance$13,950$1,550$0$15,500
Payroll Taxes$7,467$830$0$8,297
Other Expenses$3,312$0$0$3,312
Fees for Services Accounting$2,205$0$0$2,205
All Other Expenses$1,619$0$0$1,619
Fees for Services Management$0$1,497$0$1,497
Depreciation Depletion$1,414$0$0$1,414
Fees for Services Legal$150$0$0$150
Total Functional Expenses$193,144$20,415$0$213,559

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$256,904
Expenses per Audited Statements$213,559
Total Expenses per Form 990$213,559
Expenses Not Reported on Form 990$43,345
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$167,021
Fundraising Direct Expenses$43,345
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Snowflake$22,822$22,822-$22,822
Hot Summer Nights$21,177$21,177-$21,177
Total Events$95,813$95,813$43,122$52,691
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
2018-08-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Lamb
Formed
2002
Legal Domicile
Pa
Voting Board Members
15
Independent Board Members
15
Employees
3
Volunteers
115

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 1619. 1619. 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 2017, 2016 and 2015 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, 2017, there were no income tax positions that created an income tax contingency.

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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0109
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt040
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt048
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0462
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0167021
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0158786
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0145002
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0137371
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt084943
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0693123
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0154
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0111
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0109
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt040
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt048
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0462
IRS990ScheduleA/InvestmentIncomeCYPct00.00040
IRS990ScheduleA/InvestmentIncomePYPct00.00030
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0426
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt013
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0156
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt012
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0802
IRS990ScheduleA/OtherIncome509Grp/TotalAmt01409
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.99830
IRS990ScheduleA/PublicSupportPY509Pct00.99900
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt01121615
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0246646
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0249504
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0226165
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0226793
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0172507
IRS990ScheduleA/Total509Grp/TotalAmt01121615
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01123486
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesNotReportedAmt043345
IRS990ScheduleD/ExpensesSubtotalAmt0213559
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02645
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt013028
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt015673
IRS990ScheduleD/OtherExpensesIncludedAmt043345
IRS990ScheduleD/OtherRevenueAmt043345
IRS990ScheduleD/RevenueNotReportedAmt043345
IRS990ScheduleD/RevenueSubtotalAmt0203881
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 2017, 2016 and 2015 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, 2017, 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/TotalBookValueLandBuildingsAmt02645
IRS990ScheduleD/TotalExpensesPerForm990Amt0213559
IRS990ScheduleD/TotalRevenuePerForm990Amt0203881
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0247226
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0256904
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt043122
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent2Amt03921
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentOtherEventsAmt01550
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt05471
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Snowflake
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0Hot Summer Nights
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt07050
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt07067
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageOtherEventsAmt023534
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt037651
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt022822
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt021177
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt051814
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt095813
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt022822
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt021177
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt051814
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt095813
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt052691
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt06
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 1619. 1619. 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/TotalAssetsBOYAmt087909
IRS990/TotalAssetsEOYAmt084376
IRS990/TotalAssetsGrp/BOYAmt087909
IRS990/TotalAssetsGrp/EOYAmt084376
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt079625
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt020415
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0193144
IRS990/TotalFunctionalExpensesGrp/TotalAmt0213559
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04096
IRS990/TotalLiabilitiesEOYAmt010241
IRS990/TotalLiabilitiesGrp/BOYAmt04096
IRS990/TotalLiabilitiesGrp/EOYAmt010241
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt083813
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt074135
IRS990/TotalProgramServiceExpensesAmt0193144
IRS990/TotalRevenueGrp/ExclusionAmt0123676
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0580
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0203881
IRS990/TotalVolunteersCnt0115
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt087909
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt084376
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X

Document Assets

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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