Civic Intelligence

Bedford Area Educational Foundation Inc.

990EZ • Fiscal year 2015 • EIN 36-4499678

Jul 01, 2014 to Jun 30, 2015 • Filed on Jan 24, 2016

PO Box 2434Forest, VA 24551

(540) 587-8744

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2015

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2015

Net Margin

79th percentile

23%

Higher net margin than 79% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

76th percentile

$3,086

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 6.7% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Assets

$118,048

No earlier filing loaded for comparison.

Net Assets

$118,048

No earlier filing loaded for comparison.

Liabilities

-

No earlier filing loaded for comparison.

Revenue

$45,903

No earlier filing loaded for comparison.

Expenses

$35,437

No earlier filing loaded for comparison.

Net Income

$10,466

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2015: $118,048Net Assets 2015: $118,0482015Assets 2016: $123,351Liabilities 2016: $10Net Assets 2016: $123,3412016Assets 2017: $129,785Net Assets 2017: $129,7852017Assets 2018: $142,439Net Assets 2018: $142,4392018Assets 2019: $136,792Liabilities 2019: $12Net Assets 2019: $136,7802019Assets 2020: $155,330Net Assets 2020: $155,3302020Assets 2021: $188,615Net Assets 2021: $188,6152021Assets 2022: $179,899Net Assets 2022: $179,8992022Assets 2023: $196,033Net Assets 2023: $196,0332023Assets 2024: $188,430Net Assets 2024: $188,4302024Assets 2025: $204,878Net Assets 2025: $204,8782025

Highlighted filing

2015

Assets$118,048
Liabilities-
Net Assets$118,048

Operations Trend

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

$100K$50K$0-$50KRevenue 2015: $45,903Expenses 2015: $35,437Net Income 2015: $10,4662015Revenue 2016: $46,404Expenses 2016: $38,245Net Income 2016: $8,1592016Revenue 2017: $43,553Expenses 2017: $42,413Net Income 2017: $1,1402017Revenue 2018: $45,361Expenses 2018: $32,707Net Income 2018: $12,6542018Revenue 2019: $41,727Expenses 2019: $46,063Net Income 2019: -$4,3362019Revenue 2020: $51,815Expenses 2020: $27,237Net Income 2020: $24,5782020Revenue 2021: $64,859Expenses 2021: $45,988Net Income 2021: $18,8712021Revenue 2022: $52,001Expenses 2022: $45,645Net Income 2022: $6,3562022Revenue 2023: $52,095Expenses 2023: $34,909Net Income 2023: $17,1862023Revenue 2024: $49,763Expenses 2024: $60,708Net Income 2024: -$10,9452024Revenue 2025: $93,136Expenses 2025: $80,651Net Income 2025: $12,4852025

Highlighted filing

2015

Revenue$45,903
Expenses$35,437
Net Income$10,466
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Jan 24, 2016
Return Version
2014v6.0
Gross Receipts
$101,227
Mission and Program Overview

Mission

Develop a link between the community and public education, enriching education beyond basis obligations and providing teacher and student educational enrichment grants

Program Services

DescriptionGrantsExpenses
PROVIDE EDUCATIONAL GRANTS AND SUPPORT TO LOCAL SCHOOLS AND TEACHERS$23,847$28,141
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
MICHELE SHAFFERExcecutive DPT$3,086-$3,086
DEBBY ALLENBoard Member-$0--
JOHN MACKBoard Member-$0--
SUSAN MARTINVice Chairma-$0--
MARSHA U MELTONBoard Member-$0--
RITA OTEYSecretary-$0--
WALT PANKEYChairman-$0--
WAYNE STEPHENSONBoard Member-$0--
CLARE TERRYBoard Member-$0--
WYATT WALTONTreasurer-$0--
JIM WOODFORDBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Bedford Area Educational Foundation
EIN
36-4499678
Phone
5405878744
Address
PO BOX 2434, FOREST, VA 24551

Signing Officer

Name
Walt Pankey
Title
Chairman
Phone
5405878744
Signed
2016-01-24
Discuss with paid preparer
Yes

Preparer

Firm
Lovelace Norvelle & Mathews Pc
Address
2203 GRAVES MILL RD STE D, FOREST, VA 24551-4297
Preparer
Jeffrey W Mathews CPA
Phone
4345281246
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses office expense 1,596 insurance 405 taxes & licenses 311 total 2,312

Form 990-ez, Part I, Line 20

Unrealized losses on investments -1,359 difference between book and tax 0 basis on sale of stocks -5,084

Form 990-ez, Part II, Line 24

Security deposit 50 50 total 50 50

Form 990-ez, Part III

Develop a link between the community and public education, enriching education beyond basis obligations and providing teacher and student educational enrichment grants

Raw XML Appendix180 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES OFFICE EXPENSE 1,596 INSURANCE 405 TAXES & LICENSES 311 TOTAL 2,312
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UNREALIZED LOSSES ON INVESTMENTS -1,359 DIFFERENCE BETWEEN BOOK AND TAX 0 BASIS ON SALE OF STOCKS -5,084
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SECURITY DEPOSIT 50 50 TOTAL 50 50
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DEVELOP A LINK BETWEEN THE COMMUNITY AND PUBLIC EDUCATION, ENRICHING EDUCATION BEYOND BASIS OBLIGATIONS AND PROVIDING TEACHER AND STUDENT EDUCATIONAL ENRICHMENT GRANTS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0WALT PANKEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum05405878744
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-01-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BEDFORD AREA EDUCATIONAL FOUNDATION
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ReturnHeader/Filer/EIN0364499678
ReturnHeader/Filer/PhoneNum05405878744
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02203 GRAVES MILL RD STE D
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ReturnHeader/PreparerPersonGrp/PhoneNum04345281246
ReturnHeader/PreparerPersonGrp/PreparationDt02016-02-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFFREY W MATHEWS CPA
ReturnHeader/ReturnTs02016-02-05T09:27:10-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

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Filings