Civic Intelligence

Bedford Economic Development Corporation

EIN 92-3915099 • 501(c)6 • Bedford, IA

Profile

Promote area economic growth.

622 Court AveBedford, IA 50833

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

95th percentile

0.91x

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

501(c)6 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

99th percentile

4.21x

Higher debt load relative to revenue than 99% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Net Margin

25th percentile

-16%

Higher net margin than 25% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Top Officer Pay

80th percentile

$0

Higher top officer pay than 80% of similar nonprofits.

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

501(c)6 • <$500k nonprofits • Source year 2024

Asset Growth

99th percentile

514%

Faster asset growth than 99% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

32nd percentile

-10%

Faster revenue growth than 32% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$241,668

Up $202,324 (+514%) from 2023

Liabilities

Up

$220,999

Up $210,612 (+2028%) from 2023

Net Assets

Down

$20,669

Down $8,288 (-29%) from 2023

Operations
Liabilities / Revenue99th percentileNet Margin25th percentile

Revenue

Down

$52,462

Down $6,038 (-10%) from 2023

Expenses

Up

$60,750

Up $31,207 (+106%) from 2023

Net Income

Down

-$8,288

Down $37,245 (-129%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth99th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0Assets 2023: $39,344Liabilities 2023: $10,387Net Assets 2023: $28,9572023Assets 2024: $241,668Liabilities 2024: $220,999Net Assets 2024: $20,6692024

Highlighted filing

2024

Assets$241,668
Liabilities$220,999
Net Assets$20,669
Open 2024 Filing

Operations Trend

Revenue Growth32nd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$80K$60K$40K$20K$0-$20KRevenue 2023: $58,500Expenses 2023: $29,543Net Income 2023: $28,9572023Revenue 2024: $52,462Expenses 2024: $60,750Net Income 2024: -$8,2882024

Highlighted filing

2024

Revenue$52,462
Expenses$60,750
Net Income-$8,288
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$241,668
Liabilities
$220,999
Net assets
$20,669
Revenue
$52,462
Expenses
$60,750
Net income
-$8,288
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.42$2.21$0.21$0.52$0.61$0.08
2023Detailed filing. Detailed filing data is available for this year.$0.39$0.10$0.29$0.59$0.30$0.29
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 24, 2025
Return Version
2024v5.1
Gross Receipts
$52,462
Mission and Program Overview

Mission

Promote area economic growth.

Program Services

DescriptionGrantsExpenses
Staff a part time Economic Development office.-$58,337
Compensation and Service Providers
Top Officer Pay80th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Colby LenhartPresident-$0--
Lacey SleepVice President-$0--
Tanner PetermanTreasurer-$0--
Cheryl WalstonSecretary-$0--
Susan MartinDirector-$0--
Filing and Contact Details

Filer

Filer Name
Bedford Economic Development Corporation
EIN
92-3915099
Address
622 Court Ave, Bedford, IA 50833

Signing Officer

Name
Colby Lenhart
Title
President
Signed
2025-06-24
Discuss with paid preparer
Yes

Preparer

Firm
Stockwell Musich & Co PC
Address
407 Central Ave, Bedford, IA 50833
Preparer
Glenda Stockwell
Phone
7125232173
Supplemental Narrative

Additional Explanations

Other Expenses.1002

“Office Expenses $462”

Other Expenses.1008

“Interest $6462”

Other Expenses.1009

“Depreciation $203”

Other Expenses.1012

“Insurance $720”

Other Assets.1002

“Furniture and Fixtures - Beginning $948 Furniture and Fixtures - Ending $745”

Other Assets.1

“606 West St - Beginning $6886 606 West St - Ending $6886”

Other Assets.2

“708 State St - Beginning $20322 708 State St - Ending $231708”

Total Liabilities.1

“Payroll liab - Beginning $1389 Payroll liab - Ending $779”

Total Liabilities.2

“Balance adjustment - Beginning $-2 Balance adjustment - Ending $1”

Total Liabilities.3

“Construction Advance - Beginning $9000 Construction Advance - Ending $220219”

Raw XML Appendix138 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0Stockwell Musich Co PC
IRS990EZ/BooksInCareOfDetail/PhoneNum07125232173
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0407 Central Ave
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Bedford
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd050833
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt011188
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt02329
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt041962
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-8288
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt02210
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt039344
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0241668
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GrossReceiptsAmt052462
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt010500
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt028957
IRS990EZ/NetAssetsOrFundBalancesEOYAmt020669
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt028957
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt020669
IRS990EZ/OccupancyRentUtltsAndMaintAmt02636
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt31.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt41.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Colby Lenhart
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Lacey Sleep
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Tanner Peterman
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Cheryl Walston
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Susan Martin
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Vice President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Director
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt028156
IRS990EZ/OtherAssetsTotalDetail/EOYAmt0239339
IRS990EZ/OtherExpensesTotalAmt07847
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Promote area economic growth.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Staff a part time Economic Development office.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt058337
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt048057
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt010387
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0220999
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt060750
IRS990EZ/TotalProgramServiceExpensesAmt058337
IRS990EZ/TotalRevenueAmt052462
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
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
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Office Expenses $462
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Interest $6462
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Depreciation $203
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Insurance $720
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Furniture and Fixtures - Beginning $948 Furniture and Fixtures - Ending $745
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5606 West St - Beginning $6886 606 West St - Ending $6886
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6708 State St - Beginning $20322 708 State St - Ending $231708
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Payroll liab - Beginning $1389 Payroll liab - Ending $779
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Balance adjustment - Beginning $-2 Balance adjustment - Ending $1
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Construction Advance - Beginning $9000 Construction Advance - Ending $220219
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1002
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1008
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.1009
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.1012
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Assets.1002
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Assets.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other Assets.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Total Liabilities.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Total Liabilities.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Total Liabilities.3
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Colby Lenhart
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-06-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Bedford Economic Development Corporation
ReturnHeader/Filer/BusinessNameControlTxt0BEDF
ReturnHeader/Filer/EIN0923915099
ReturnHeader/Filer/USAddress/AddressLine1Txt0622 Court Ave
ReturnHeader/Filer/USAddress/CityNm0Bedford
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd050833
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Stockwell Musich & Co PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0407 Central Ave
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Bedford
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd050833
ReturnHeader/PreparerPersonGrp/PhoneNum07125232173
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Glenda Stockwell
ReturnHeader/ReturnTs02025-06-24T11:15:03-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.