Form 990 for tax year 2022
Filed by BEDFORD COUNTY DEVELOPMENT ASSOCIATION.
Totals
- Total revenue
- -$773,212
- Total expenses
- $477,167
- Contributions and grants received
- $582,129
- Grants paid
- $0
- Program service revenue
- $17,999
- Investment income
- -$1,461,587
- Other revenue
- $88,247
- Total assets, end of year
- $8,186,227
- Total liabilities, end of year
- $650,638
- Net assets or fund balances, end of year
- $7,535,589
- Program services expenses (Part IX)
- $390,281
- Management and general expenses
- $86,886
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $390,281
Program services were 81.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$518,129
-
1f · All other contributions, gifts and grants
$64,000
-
2f · All other program service revenue
total $17,999 · unrelated business $0 · excluded $0
-
3 · Investment income
total $3,006 · unrelated business $0 · excluded $0
-
6a · Gross rents
real property $344,319
-
6b · Less rental expenses
real property $256,072
-
6c · Rental income or loss
real property $88,247
-
6d · Net rental income or loss
total $88,247 · related or exempt $88,247
-
7a · Gross sales of assets other than inventory
other assets $5,163,999
-
7b · Less cost or other basis and sales expenses
other assets $6,628,592
-
7c · Gain or loss
other assets -$1,464,593
-
7d · Net gain or loss
total -$1,464,593 · related or exempt -$1,464,593 · unrelated business $0 · excluded $0
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $139,989 · program services $118,991 · management and general $20,998 · fundraising $0
-
7 · Other salaries and wages
total $166,011 · program services $141,109 · management and general $24,902 · fundraising $0
-
8 · Pension plan contributions
total $13,218 · program services $11,236 · management and general $1,982 · fundraising $0
-
9 · Other employee benefits
total $41,387 · program services $35,179 · management and general $6,208 · fundraising $0
-
10 · Payroll taxes
total $24,090 · program services $20,476 · management and general $3,614 · fundraising $0
-
11b · Fees: legal
total $6,757 · program services $6,757 · management and general $0 · fundraising $0
-
11c · Fees: accounting
total $9,670 · program services $0 · management and general $9,670 · fundraising $0
-
12 · Advertising and promotion
total $102 · program services $102 · management and general $0 · fundraising $0
-
13 · Office expenses
total $9,796 · program services $8,327 · management and general $1,469 · fundraising $0
-
16 · Occupancy
total $5,160 · program services $4,458 · management and general $702 · fundraising $0
-
17 · Travel
total $3,947 · program services $3,355 · management and general $592 · fundraising $0
-
19 · Conferences, conventions and meetings
total $5,334 · program services $0 · management and general $5,334 · fundraising $0
-
23 · Insurance
total $8,300 · program services $0 · management and general $8,300 · fundraising $0
-
24a · Other expenses: MINOR EQUIPMENT
total $3,705 · program services $3,149 · management and general $556 · fundraising $0
-
24b · Other expenses: BUSINESS DEVELOPMENT
total $32,277 · program services $32,277 · management and general $0 · fundraising $0
-
24c · Other expenses: DUES
total $1,700 · program services $0 · management and general $1,700 · fundraising $0
-
24d · Other expenses: TELEPHONE
total $5,724 · program services $4,865 · management and general $859 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $830,125 · end of year $3,319,869
-
3 · Pledges and grants receivable
beginning of year $90,325 · end of year $22,710
-
10a · Land, buildings and equipment: cost or other basis
$6,993,143
-
10b · Land, buildings and equipment: accumulated depreciation
$2,149,495
-
10c · Land, buildings and equipment, net
beginning of year $11,172,514 · end of year $4,843,648
-
17 · Accounts payable and accrued expenses
beginning of year $260,824 · end of year $47,769
-
23 · Secured mortgages and notes payable
beginning of year $3,046,173 · end of year $602,869
-
27 · Net assets without donor restrictions
beginning of year $8,785,967 · end of year $7,535,589
Mission and programs · 2022
Mission
Promote and attract businesses to and for Bedford County Pennsylvania
-
The Association attracts and promotes business in Bedford County, PA. The Association owns and manages three business parks in Bedford County which have attracted major employers and created hundreds of jobs.
Expenses $390,281 · Revenue -$1,355,341
As filed on the 2022 return.
Listed in Part VII
-
Sean Bardell
Board
- Total calculated
- $0
- Hours/week
- 2
-
Mike Odellick
Treasurer
- Total calculated
- $0
- Hours/week
- 3
-
Sherry Cain
Chair
- Total calculated
- $0
- Hours/week
- 3
-
Trudy Mitchell
Secretary
- Total calculated
- $0
- Hours/week
- 3
-
James Gonsman
Past Chair
- Total calculated
- $0
- Hours/week
- 3
-
Jeffrey Crist
Vice Chair
- Total calculated
- $0
- Hours/week
- 3
-
Jan Fisher
Asst Secretary
- Total calculated
- $0
- Hours/week
- 3
-
Floyd Imler
Board
- Total calculated
- $0
- Hours/week
- 2
-
Clifton Clark
Board
- Total calculated
- $0
- Hours/week
- 2
-
Gregory Krug
Board
- Total calculated
- $0
- Hours/week
- 2
-
Brian Pachtman
Board
- Total calculated
- $0
- Hours/week
- 2
-
Marsha O'Rear
Board
- Total calculated
- $0
- Hours/week
- 2
-
Robbie Weaver
Board
- Total calculated
- $0
- Hours/week
- 2
-
Dwayne Zimmerman
Board
- Total calculated
- $0
- Hours/week
- 2
-
Lester Meck
Board
- Total calculated
- $0
- Hours/week
- 2
-
Darin Mauzy
Board
- Total calculated
- $0
- Hours/week
- 2
-
Betty Slayton
President
- Total calculated
- $139,989
- From this org
- $139,989
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 11 May 2023
- IRS schema version
- 2022v5.0
- Source object
- 202301319349300130
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