Civic Intelligence

Bedford Museum and Genealogical Library

990 • Fiscal year 2016 • EIN 52-1316083

Jan 01, 2016 to Dec 31, 2016 • Filed on May 10, 2017

201 East Main StBedford, VA 24523

(540) 586-4520

Siviq Scores

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

Liabilities / Assets

31st percentile

0.00x

Higher debt load relative to assets than 31% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

42nd percentile

0.02x

Higher debt load relative to revenue than 42% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

14th percentile

-20%

Higher net margin than 14% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

54th percentile

$18,555

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 16.1% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

31st percentile

-3.2%

Faster asset growth than 31% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

5th percentile

-51%

Faster revenue growth than 5% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Down

$696,369

Down $23,375 (-3.2%) from 2015

Net Assets

Down

$694,095

Down $23,676 (-3.3%) from 2015

Liabilities

Up

$2,274

Up $301 (+15%) from 2015

Revenue

Down

$115,581

Down $122,637 (-51%) from 2015

Expenses

Up

$139,257

Up $5,288 (+3.9%) from 2015

Net Income

Down

-$23,676

Down $127,925 (-123%) from 2015

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2011: $609,884Liabilities 2011: $1,977Net Assets 2011: $607,9072011Assets 2012: $591,231Liabilities 2012: $2,234Net Assets 2012: $588,9972012Assets 2013: $593,451Liabilities 2013: $2,215Net Assets 2013: $591,2362013Assets 2014: $615,652Liabilities 2014: $2,130Net Assets 2014: $613,5222014Assets 2015: $719,744Liabilities 2015: $1,973Net Assets 2015: $717,7712015Assets 2016: $696,369Liabilities 2016: $2,274Net Assets 2016: $694,0952016Assets 2017: $673,356Liabilities 2017: $1,803Net Assets 2017: $671,5532017Assets 2018: $655,075Liabilities 2018: $1,800Net Assets 2018: $653,2752018Assets 2019: $629,577Liabilities 2019: $1,672Net Assets 2019: $627,9052019Assets 2020: $634,652Liabilities 2020: $1,990Net Assets 2020: $632,6622020Assets 2021: $811,732Liabilities 2021: $2,122Net Assets 2021: $809,6102021Assets 2022: $725,311Liabilities 2022: $1,732Net Assets 2022: $723,5792022Assets 2023: $760,401Liabilities 2023: $2,927Net Assets 2023: $757,4742023Assets 2024: $807,031Liabilities 2024: $2,110Net Assets 2024: $804,9212024

Highlighted filing

2016

Assets$696,369
Liabilities$2,274
Net Assets$694,095

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2011: $95,800Expenses 2011: $106,455Net Income 2011: -$10,6552011Revenue 2012: $99,742Expenses 2012: $118,652Net Income 2012: -$18,9102012Revenue 2013: $119,410Expenses 2013: $117,171Net Income 2013: $2,2392013Revenue 2014: $142,236Expenses 2014: $119,950Net Income 2014: $22,2862014Revenue 2015: $238,218Expenses 2015: $133,969Net Income 2015: $104,2492015Revenue 2016: $115,581Expenses 2016: $139,257Net Income 2016: -$23,6762016Revenue 2017: $114,398Expenses 2017: $143,943Net Income 2017: -$29,5452017Revenue 2018: $129,941Expenses 2018: $142,833Net Income 2018: -$12,8922018Revenue 2019: $120,864Expenses 2019: $153,970Net Income 2019: -$33,1062019Revenue 2020: $129,169Expenses 2020: $128,350Net Income 2020: $8192020Revenue 2021: $313,066Expenses 2021: $142,432Net Income 2021: $170,6342021Revenue 2022: $100,674Expenses 2022: $149,279Net Income 2022: -$48,6052022Revenue 2023: $140,050Expenses 2023: $146,618Net Income 2023: -$6,5682023Revenue 2024: $161,090Expenses 2024: $144,744Net Income 2024: $16,3462024

Highlighted filing

2016

Revenue$115,581
Expenses$139,257
Net Income-$23,676
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 10, 2017
Return Version
2016v3.0
Gross Receipts
$120,208
Mission and Program Overview

Mission

To develop and maintain files for genealogical and historical research and to collect, preserve and interpret objects of historical significance to the town of bedford and bedford county virginia

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$324,142$315,020▼ $9,122
Savings and Temporary Cash Investments$199,827$203,244▲ $3,417
Investments in Publicly Traded Securities$95,972$96,707▲ $735
Cash and Non-Interest-Bearing Accounts$69,408$51,795▼ $17,613
Inventories for Sale or Use$12,214$11,267▼ $947
Prepaid Expenses and Deferred Charges$1,458$2,976▲ $1,518
Total Assets$719,744$696,369▼ $23,375
Other Assets Total$16,723$15,360▼ $1,363
Liabilities
Accounts Payable and Accrued Expenses$1,973$2,274▲ $301
Total Liabilities$1,973$2,274▲ $301
Net Assets / Fund Balance
Unrestricted Net Assets$695,999$673,532▼ $22,467
Permanently Rstr Net Assets$16,723$15,360▼ $1,363
Temporarily Rstr Net Assets$5,049$5,203▲ $154
Total Net Assets Fund Balance$717,771$694,095▼ $23,676
Total Liabilities and Net Assets / Fund Balance$719,744$696,369▼ $23,375

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$312,686$274,976$587,662
Equipment$1,544$23,430$24,974
Other Land Buildings$790$23,984$24,774
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Douglas CooperExecutive DirectorPT$18,555$18,555

Board Members and Trustees

NameTitle
Annie PollardChair
Alvin MartinVice Chair
Carol BlackDirector
June GoodeDirector
Marion BanksDirector
Russell HicksDirector
Seth ComptonSecretary
Gertrude JonesTreasurer
Holly TuckTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$100,202
Program Service Revenue
$3,115
Investment Income
$2,767
Other Revenue
$9,497
All Other Contributions
$21,760
Change in Net Assets
$-23,676
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$80,913
Other Expenses$58,269
Total Fundraising Expense$2,729
Grants and Similar Amounts Paid$75
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$56,560--$56,560
Current Officers, Directors, Trustees, and Key Employees-$18,555-$18,555
Depreciation Depletion$14,973--$14,973
Occupancy$11,139--$11,139
Office Expenses-$7,017-$7,017
Payroll Taxes$4,365$1,433-$5,798
Fees for Services Accounting-$4,433-$4,433
All Other Expenses$1,502$2,607-$4,109
Other Expenses$2,267$865$987$3,254
Insurance-$2,938-$2,938
Fees for Services Other$2,000--$2,000
Advertising$694-$458$1,152
Conferences and Meetings$494--$494
Grants to Domestic Orgs$75--$75
Total Functional Expenses$98,680$37,848$2,729$139,257
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$303
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
Yes
Annual disclosure for covered persons
No
Audit committee
No
Backup withholding compliance
Yes
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

Governance Explanations

Form 990 governing body review Part VI line 11

Form 990 tax return is reviewed by the executive director.

Governing documents etc available to public Part VI line 19

Documents, policies and statements are available at request

Filing and Contact Details

Filer

Filer Name
Bedford Museum and Genealogical Lib
EIN
52-1316083
Address
201 East Main St, Bedford, VA 24523

Signing Officer

Name
Douglas Cooper
Title
Director
Phone
5405864520
Signed
2017-05-10
Discuss with paid preparer
Yes

Organization Details

Formed
1984
Legal Domicile
Va
Voting Board Members
9
Independent Board Members
9
Employees
4

Preparer

Firm
Brenda A Johnson CPA
Address
1232 Standstill Lane, Bedford, VA 24523
Preparer
Brenda A Johnson
Phone
5405860749
Supplemental Narrative

Financial Statement Notes

Not reporting collections (Part III, line 1A)

Note 1 Collections-Collection items acquired either through purchase or donation are not recognized as assets on the Museums statement of financial position. Purchases of collection items are recorded in the year in which the items were acquired as decreases in unrestricted or teporarily restricted net assets, depending on the source of the assets used to purchase the items and whether those assets were restricted by donors. Contributions of collection items are not reflected in the financial statements.

Collections descriptions (Part III, line 4)

Note 1 Collections-The Museum Collection is comprised of artifacts which showcase Bedford Virginias history from early native American life through the War Between the States and into the twentieth century. The Genealogical Library collection includes extensive records and other materials for research about Bedford County and Town and some materials on other counties of Virginia.

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IRS990/PayrollTaxesGrp/ProgramServicesAmt04365
IRS990/PayrollTaxesGrp/TotalAmt05798
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt016723
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt015360
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01458
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02976
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0541900
IRS990/ProgramServiceRevenueGrp/Desc0Research and copies
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03115
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03115
IRS990/ProgSrvcAccomActy2Grp/Desc0Operation of a gift shop for sale of books, cds and gifts related to the history and culture of the Bedford Virginia area
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt06960
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0233639
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0-620
IRS990/PYOtherExpensesAmt057397
IRS990/PYOtherRevenueAmt02708
IRS990/PYProgramServiceRevenueAmt02491
IRS990/PYRevenuesLessExpensesAmt0104249
IRS990/PYSalariesCompEmpBnftPaidAmt076572
IRS990/PYTotalExpensesAmt0133969
IRS990/PYTotalRevenueAmt0238218
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-23676
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt02840
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt03115
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0199827
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0203244
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0100202
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0233639
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0122180
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0115443
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt082405
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0653869
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt05607
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt02305
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt012567
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0-4337
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt04382
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt020524
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt073578
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.75550
IRS990ScheduleA/PublicSupportPY170Pct00.74960
IRS990ScheduleA/PublicSupportTotal170Amt0509653
IRS990ScheduleA/SubstantialContributorsTotAmt0144216
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0100202
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0233639
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0122180
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0115443
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt082405
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0653869
IRS990ScheduleA/TotalSupportAmt0674612
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus4YearsAmt0219
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt0219
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/CollectionUsedPreservationInd0X
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/CollUsedScholarlyRsrchInd0X
IRS990ScheduleD/EquipmentGrp/BookValueAmt01544
IRS990ScheduleD/EquipmentGrp/DepreciationAmt023430
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt024974
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0312686
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0274976
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0587662
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0790
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt023984
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt024774
IRS990ScheduleD/SolicitedAssetsSaleInd0false
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Note 1 Collections-Collection items acquired either through purchase or donation are not recognized as assets on the Museums statement of financial position. Purchases of collection items are recorded in the year in which the items were acquired as decreases in unrestricted or teporarily restricted net assets, depending on the source of the assets used to purchase the items and whether those assets were restricted by donors. Contributions of collection items are not reflected in the financial statements.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Note 1 Collections-The Museum Collection is comprised of artifacts which showcase Bedford Virginias history from early native American life through the War Between the States and into the twentieth century. The Genealogical Library collection includes extensive records and other materials for research about Bedford County and Town and some materials on other counties of Virginia.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Not reporting collections (Part III, line 1a)
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Collections descriptions (Part III, line 4)
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0315020
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 tax return is reviewed by the executive director.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Documents, policies and statements are available at request
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Governing documents etc available to public Part VI line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0VA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt05049
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt05203
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0719744
IRS990/TotalAssetsEOYAmt0696369
IRS990/TotalAssetsGrp/BOYAmt0719744
IRS990/TotalAssetsGrp/EOYAmt0696369
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0100202
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt02729
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt037848
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt098680
IRS990/TotalFunctionalExpensesGrp/TotalAmt0139257
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01973
IRS990/TotalLiabilitiesEOYAmt02274
IRS990/TotalLiabilitiesGrp/BOYAmt01973
IRS990/TotalLiabilitiesGrp/EOYAmt02274
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0717771
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0694095
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt098680
IRS990/TotalProgramServiceRevenueAmt03115
IRS990/TotalReportableCompFromOrgAmt018555
IRS990/TotalRevenueGrp/ExclusionAmt05304
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt010075
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0115581
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0719744

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.07$0.02$8.05$1.61$1.45$0.16
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.60$0.03$7.57$1.40$1.47$0.07
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.25$0.02$7.24$1.01$1.49$0.49
2021Detailed filing. Detailed filing data is available for this year.$8.12$0.02$8.10$3.13$1.42$1.71
2020Detailed filing. Detailed filing data is available for this year.$6.35$0.02$6.33$1.29$1.28$0.01
2019Detailed filing. Detailed filing data is available for this year.$6.30$0.02$6.28$1.21$1.54$0.33
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.55$0.02$6.53$1.30$1.43$0.13
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.73$0.02$6.72$1.14$1.44$0.30
2016Detailed filing. Detailed filing data is available for this year.$6.96$0.02$6.94$1.16$1.39$0.24
2015Detailed filing. Detailed filing data is available for this year.$7.20$0.02$7.18$2.38$1.34$1.04
2014Detailed filing. Detailed filing data is available for this year.$6.16$0.02$6.14$1.42$1.20$0.22
2013Summary only. Only limited summary data is available for this year.$5.93$0.02$5.91$1.19$1.17$0.02
2012Summary only. Only limited summary data is available for this year.$5.91$0.02$5.89$1.00$1.19$0.19
2011Summary only. Only limited summary data is available for this year.$6.10$0.02$6.08$0.96$1.06$0.11