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← BEDFORD COUNTY DEVELOPMENT ASSOCIATION

Form 990 for tax year 2025

Filed by BEDFORD COUNTY DEVELOPMENT ASSOCIATION.

Totals

Total revenue
$1,631,564
Total expenses
$1,352,835
Contributions and grants received
$1,022,513
Grants paid
$0
Program service revenue
$433,997
Investment income
$140,412
Other revenue
$34,642
Total assets, end of year
$18,407,216
Total liabilities, end of year
$6,477,842
Net assets or fund balances, end of year
$11,929,374
Program services expenses (Part IX)
$1,215,062
Management and general expenses
$137,773
Fundraising expenses
$0
Program service expenses (Part III)
$1,215,062

Program services were 89.8% 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)

    $969,277

  • 1f · All other contributions, gifts and grants

    $53,236

  • 2a · Program service revenue: BUSINESS CENTER RENT

    total $433,997 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $140,412 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $34,642

  • 6c · Rental income or loss

    real property $34,642

  • 6d · Net rental income or loss

    total $34,642 · related or exempt $34,642

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $127,953 · program services $108,760 · management and general $19,193 · fundraising $0

  • 7 · Other salaries and wages

    total $231,750 · program services $196,988 · management and general $34,762 · fundraising $0

  • 8 · Pension plan contributions

    total $13,698 · program services $11,643 · management and general $2,055 · fundraising $0

  • 9 · Other employee benefits

    total $39,756 · program services $33,793 · management and general $5,963 · fundraising $0

  • 10 · Payroll taxes

    total $29,439 · program services $25,023 · management and general $4,416 · fundraising $0

  • 11b · Fees: legal

    total $1,600 · program services $1,360 · management and general $240 · fundraising $0

  • 11c · Fees: accounting

    total $16,284 · program services $0 · management and general $16,284 · fundraising $0

  • 13 · Office expenses

    total $40,183 · program services $34,156 · management and general $6,027 · fundraising $0

  • 16 · Occupancy

    total $53,024 · program services $45,413 · management and general $7,611 · fundraising $0

  • 17 · Travel

    total $6,895 · program services $5,861 · management and general $1,034 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $22,438 · program services $0 · management and general $22,438 · fundraising $0

  • 20 · Interest

    total $100,109 · program services $100,109 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $301,125 · program services $301,125 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $25,915 · program services $22,028 · management and general $3,887 · fundraising $0

  • 24a · Other expenses: MINOR EQUIPMENT

    total $7,583 · program services $6,446 · management and general $1,137 · fundraising $0

  • 24b · Other expenses: GRANT CONSULTANT

    total $72,000 · program services $72,000 · management and general $0 · fundraising $0

  • 24c · Other expenses: REPAIRS & MTCE

    total $55,223 · program services $51,336 · management and general $3,887 · fundraising $0

  • 24d · Other expenses: TELEPHONE

    total $1,725 · program services $1,466 · management and general $259 · fundraising $0

  • 24e · All other expenses

    total $206,135 · program services $197,555 · management and general $8,580 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,555,068 · end of year $4,055,847

  • 2 · Savings and temporary cash investments

    beginning of year $715,218 · end of year $745,442

  • 3 · Pledges and grants receivable

    beginning of year $213,819 · end of year $530,836

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,345,741 · end of year $1,289,977

  • 10a · Land, buildings and equipment: cost or other basis

    $12,994,754

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,209,640

  • 10c · Land, buildings and equipment, net

    beginning of year $11,409,104 · end of year $11,785,114

  • 17 · Accounts payable and accrued expenses

    beginning of year $106,003 · end of year $180,185

  • 19 · Deferred revenue

    beginning of year $1,880,741 · end of year $2,213,036

  • 23 · Secured mortgages and notes payable

    beginning of year $2,485,097 · end of year $4,001,432

  • 24 · Unsecured notes and loans payable

    beginning of year $116,464 · end of year $83,189

  • 27 · Net assets without donor restrictions

    beginning of year $11,650,645 · end of year $11,929,374

Mission and programs · 2025

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 $1,215,062 · Revenue $1,491,152

As filed on the 2025 return.

Listed in Part VII

  • Sean Bardell

    Vice Chair

    Total calculated
    $0
    Hours/week
    3

  • Mike Odellick

    Chair

    Total calculated
    $0
    Hours/week
    3

  • Amanda Burroughs

    Treasurer

    Total calculated
    $0
    Hours/week
    3

  • Jeffrey Crist

    Immediate Past Chair

    Total calculated
    $0
    Hours/week
    2

  • Nate Roadman

    Secretary

    Total calculated
    $0
    Hours/week
    3

  • Mika Brambley

    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

  • Elizabeth Manges

    Asst Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Kaitlyn Swope

    Board

    Total calculated
    $0
    Hours/week
    2

  • Mike Corso

    Asst Secretary

    Total calculated
    $0
    Hours/week
    2

  • Darin Mauzy

    Board

    Total calculated
    $0
    Hours/week
    2

  • Jennifer Marsh

    President

    Total calculated
    $127,953
    From this org
    $127,953
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Mark Patterson

    Board

    Total calculated
    $0
    Hours/week
    2

  • Mike Carter

    Board

    Total calculated
    $0
    Hours/week
    2

  • Mike Cottle

    Board

    Total calculated
    $0
    Hours/week
    2

  • Dan DeArment

    Board

    Total calculated
    $0
    Hours/week
    2

  • Tina Molski

    Board

    Total calculated
    $0
    Hours/week
    2

  • Brooks Shoemaker

    Board

    Total calculated
    $0
    Hours/week
    2

  • Bette Slayton

    President (Retired 25)

    Total calculated
    $172,308
    From this org
    $172,308
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,308
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $172,308

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

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2025
Filed
24 July 2026
IRS schema version
2025v4.1
Source object
202642059349301304

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