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 JenkinsKEVIN 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 BrysonMICHAEL A BRYSON
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Amy AtkinsonAMY ATKINSON
SECRETARY (EXIT 12/24)
- Total calculated
- $0
- Hours/week
- 1
-
Lou D'AngeloLOU D'ANGELO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kim EdvardssonKIM EDVARDSSON
BOARD MEMBER (ENTER 6/25)
- Total calculated
- $0
- Hours/week
- 1 + 1.2 related
-
Diana JannettaDIANA JANNETTA
BOARD MEMBER (EXIT 10/24)
- Total calculated
- $0
- Hours/week
- 1
-
Scott LammieSCOTT LAMMIE
BOARD MEMBER (EXIT 12/24)
- Total calculated
- $0
- Hours/week
- 1
-
Carrie WitcherCARRIE WITCHER
BOARD MEMBER (ENTER 6/25)
- Total calculated
- $0
- Hours/week
- 1 + 1.2 related
-
William E Strickland JrWILLIAM 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 BruceMARA 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
-
MANCHESTER BIDWELL CORPORATION
$108,010
TO SUPPORT THE PROGRAMS OF MANCHESTER CRAFTMEN'S GUILD AND BIDWELL TRAINING CENTER.
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.
-
501(C)(3) · TRAINING SCHOOL · PA · controlled entity
Directly controlled by MANCHESTER BIDWELL CORPORATION
-
NATIONAL CENTER FOR THE ARTS AND TECHNOLOGY
501(C)(3) · REPLICATION · PA · controlled entity
Directly controlled by MANCHESTER BIDWELL CORPORATION
-
MANCHESTER BIDWELL CORPORATION
501(C)(3) · ADMINISTRATION · PA
-
501(C)(3) · SCHOOL · PA · controlled entity
Directly controlled by MANCHESTER BIDWELL CORPORATION
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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