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Nonprofiteer
← MANCHESTER-BIDWELL DEVELOPMENT TRUST

Form 990 for tax year 2023

Filed by MANCHESTER-BIDWELL DEVELOPMENT TRUST.

Totals

Total revenue
$196,004
Total expenses
$204,395
Contributions and grants received
$0
Grants paid
$106,550
Program services expenses (Part IX)
$106,550
Management and general expenses
$81,875
Fundraising expenses
$15,970
Program service expenses (Part III)
$106,550

Program services were 52.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • KEVIN JENKINS

    PRESIDENT & CEO

    Total calculated
    $274,880
    From this org
    $0
    From related orgs
    $219,524
    Other
    $55,356
    Hours/week
    8 + 32 related

    Schedule J breakdown matched by us

    Base
    $0 + $218,653 related
    Bonus
    $0
    Other
    $0 + $871 related
    Deferred
    $0 + $17,524 related
    Nontaxable benefits
    $0 + $37,832 related
    Filer's total
    $0 + $274,880 related

  • LOU D'ANGELO

    BOARD MEMBER (ENTER 05/24)

    Total calculated
    $0
    Hours/week
    1

  • DIANA JANNETTA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SCOTT LAMMIE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL A BRYSON

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • AMY ATKINSON

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM E STRICKLAND JR

    FOUNDER & EXECUTIVE CHAIRM

    Total calculated
    $303,301
    From this org
    $0
    From related orgs
    $218,882
    Other
    $84,419
    Hours/week
    8 + 32 related

    Schedule J breakdown matched by us

    Base
    $0 + $218,486 related
    Bonus
    $0
    Other
    $0 + $396 related
    Deferred
    $0 + $18,000 related
    Nontaxable benefits
    $0 + $66,419 related
    Filer's total
    $0 + $303,301 related

  • MARA BRUCE

    VP & CFO

    Total calculated
    $168,620
    From this org
    $0
    From related orgs
    $156,144
    Other
    $12,476
    Hours/week
    8 + 32 related

    Schedule J breakdown matched by us

    Base
    $0 + $155,946 related
    Bonus
    $0
    Other
    $0 + $198 related
    Deferred
    $0 + $12,476 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $168,620 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 — 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 2024 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.

Provenance

Return type
form_990
Tax year
2023
Filed
21 April 2025
IRS schema version
2023v6.0
Source object
202521139349300337

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