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Nonprofiteer
← MANCHESTER-BIDWELL DEVELOPMENT TRUST

Form 990 for tax year 2024

Filed by MANCHESTER-BIDWELL DEVELOPMENT TRUST.

Totals

Total revenue
$151,321
Total expenses
$218,463
Contributions and grants received
$0
Grants paid
$108,010
Program service revenue
$0
Investment income
$151,321
Other revenue
$0
Total assets, end of year
$13,161,892
Total liabilities, end of year
$7,321,444
Net assets or fund balances, end of year
$5,840,448
Program services expenses (Part IX)
$108,010
Management and general expenses
$91,053
Fundraising expenses
$19,400
Program service expenses (Part III)
$108,010

Program services were 49.4% 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.

  • 3 · Investment income

    total $134,734 · excluded $134,734

  • 7a · Gross sales of assets other than inventory

    securities $895,743

  • 7b · Less cost or other basis and sales expenses

    securities $879,156

  • 7c · Gain or loss

    securities $16,587

  • 7d · Net gain or loss

    total $16,587 · excluded $16,587

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $108,010 · program services $108,010

  • 11c · Fees: accounting

    total $4,950 · management and general $4,950

  • 11f · Fees: investment management

    total $36,498 · management and general $36,498

  • 24a · Other expenses: SHARED SERVICES

    total $68,990 · management and general $49,590 · fundraising $19,400

  • 24e · All other expenses

    total $15 · management and general $15

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,582,162 · end of year $2,376,293

  • 4 · Accounts receivable

    beginning of year $8,610 · end of year $9,695

  • 11 · Investments: publicly traded securities

    beginning of year $4,282,263 · end of year $4,330,311

  • 15 · Other assets

    beginning of year $6,363,132 · end of year $6,445,593

  • 25 · Other liabilities

    beginning of year $6,599,858 · end of year $7,321,444

  • 27 · Net assets without donor restrictions

    beginning of year $1,230,365 · end of year $1,261,536

  • 28 · Net assets with donor restrictions

    beginning of year $4,405,944 · end of year $4,578,912

Mission and programs · 2024

Mission

SEE STATEMENT OMANCHESTER BIDWELL DEVELOPMENT TRUST (MBDT) WAS FORMED TO ESTABLISH ENDOWMENTS TO SECURE AND SUSTAIN THE PROGRAMS OF MANCHESTER CRAFTSMEN'S GUILD AND BIDWELL TRAINING CENTER. MBDT SUPPORTS CONTINUED COMMUNITY REVITALIZATION THROUGH EXCELLENCE AND INNOVATION IN ENTERPRISE AND PROGRAM DEVELOPMENT.

Activities or mission (Part I)

SEE SCHEDULE O THE MISSION OF MANCHESTER BIDWELL DEVELOPMENT TRUST (MBDT) IS TO ESTABLISH ENDOWMENTS TO SECURE AND SUSTAIN THE PROGRAMS OF MANCHESTER CRAFTSMEN'S GUILD AND BIDWELL TRAINING CENTER. MBDT SUPPORTS CONTINUED COMMUNITY REVITALIZATION THROUGH EXCELLENCE AND INNOVATION IN ENTERPRISE AND PROGRAM DEVELOPMENT.

  • MANCHESTER BIDWELL DEVELOPMENT TRUST (MBDT) HAS ESTABLISHED AND OVERSEES THE INVESTMENTS AND ENDOWMENTS FOR MANCHESTER BIDWELL CORPORATION AND ON BEHALF OF MANCHESTER CRAFTSMEN'S GUILD AND BIDWELL TRAINING CENTER, WHICH ARE EXEMPT CHARITABLE ORGANIZATIONS, TO SECURE AND SUSTAIN THEIR PROGRAMS.

    Expenses $108,010 · Grants $108,010

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kevin Jenkins

    PRESIDENT & CEO

    Total calculated
    $301,208
    From this org
    $0
    From related orgs
    $232,492
    Other
    $68,716
    Hours/week
    8 + 32 related

    Schedule J breakdown matched by us

    Base
    $0 + $231,621 related
    Bonus
    $0
    Other
    $0 + $871 related
    Deferred
    $0 + $30,498 related
    Nontaxable benefits
    $0 + $38,218 related
    Filer's total
    $0 + $301,208 related
  • Michael A Bryson

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1
  • Amy Atkinson

    SECRETARY (EXIT 12/24)

    Total calculated
    $0
    Hours/week
    1
  • Lou D'Angelo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Kim Edvardsson

    BOARD MEMBER (ENTER 6/25)

    Total calculated
    $0
    Hours/week
    1 + 1.2 related
  • Diana Jannetta

    BOARD MEMBER (EXIT 10/24)

    Total calculated
    $0
    Hours/week
    1
  • Scott Lammie

    BOARD MEMBER (EXIT 12/24)

    Total calculated
    $0
    Hours/week
    1
  • Carrie Witcher

    BOARD MEMBER (ENTER 6/25)

    Total calculated
    $0
    Hours/week
    1 + 1.2 related
  • William E Strickland Jr

    FOUNDER & EXECUTIVE CHAIR (EXIT 1/25)

    Total calculated
    $310,725
    From this org
    $0
    From related orgs
    $218,101
    Other
    $92,624
    Hours/week
    8 + 32 related

    Schedule J breakdown matched by us

    Base
    $0 + $217,705 related
    Bonus
    $0
    Other
    $0 + $396 related
    Deferred
    $0 + $24,000 related
    Nontaxable benefits
    $0 + $68,624 related
    Filer's total
    $0 + $310,725 related
  • Mara Bruce

    VP & CFO

    Total calculated
    $182,092
    From this org
    $0
    From related orgs
    $165,566
    Other
    $16,526
    Hours/week
    8 + 32 related

    Schedule J breakdown matched by us

    Base
    $0 + $165,262 related
    Bonus
    $0
    Other
    $0 + $304 related
    Deferred
    $0 + $16,526 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $182,092 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
MANCHESTER BIDWELL DEVELOPMENT TRUST DOES NOT COMPENSATE THE CEO WHO IS REPORTED IN PART VII. COMPENSATION IS AWARDED BY MBC PURSUANT TO A PROCESS THAT SATISFIES THE REQUIREMENTS OF THE INTERMEDIATE SANCTION'S REGULATIONS. THE METHODS USED BY MBC MAY INCLUDE A REVIEW CONDUCTED BY AN INDEPENDENT PERSON TO ENSURE PAY PRACTICES ARE REASONABLE WITHIN THE RANGE OF TYPICAL MARKET PRACTICES, AND A SURVEY INCLUDING COMPARABLE DATA. THIS PROCESS IS DOCUMENTED BY MBC. THE SALARY CHANGE IN FISCAL YEAR 2025 FOR THE CEO WAS APPROVED BY AN INDEPENDENT COMMITTEE OF THE BOARD.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • HARBOR GARDENS PARK INC

    C · REAL ESTATE · PA

Provenance

Return type
form_990
Tax year
2024
Filed
23 April 2026
IRS schema version
2024v5.5
Source object
202611209349302121

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