Nonprofit · EIN 25-1121862
BRADFORD ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · BRADFORD, PA 16701
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,579 | $14,053 | -$12,474 | $241,802 | $0 | $241,802 |
| December 31, 2024 | 990 | $7,827 | $15,361 | -$7,534 | $1,959,685 | $9,900 | $1,949,785 |
| December 31, 2023 | 990 | $18 | $34,184 | -$34,166 | $1,957,319 | $0 | $1,957,319 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $1,579
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,000
- Occupancy
- $837
- Program services (functional)
- $11,469
- Management and general (functional)
- $2,584
Balance sheet and other
- Total assets, start of year
- $1,959,685
- Total assets, end of year
- $241,802
- Total liabilities, end of year
- $0
- Net assets, end of year
- $241,802
- Gross receipts
- $1,579
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1951
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Norm Strotman | President Trustee or director, Officer | 1 | $0 |
| Rick Esch | Vice President Trustee or director, Officer | 1 | $0 |
| Tim Asinger | Secretary Trustee or director, Officer | 1 | $0 |
| Sherri Geary | Treasurer Trustee or director, Officer | 1 | $0 |
| Mark Hollenbeck | Board member Trustee or director | 1 | $0 |
| Karen Costello-Pecht | Board member Trustee or director | 1 | $0 |
| Sara Andrews | Board member Trustee or director | 1 | $0 |
| Judy Bodamer | Board member Trustee or director | 1 | $0 |
| Bob Esch | Board member Trustee or director | 1 | $0 |
| Don Fredeen | Board member Trustee or director | 1 | $0 |
| Ron Orris | Board member Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Norm Strotman | President Trustee or director, Officer | 1 | $0 |
| Rick Esch | Vice-President Trustee or director, Officer | 1 | $0 |
| Tim Asinger | Secretary Trustee or director, Officer | 1 | $0 |
| Sherri Geary | Treasurer Trustee or director, Officer | 1 | $0 |
| Mark Hollenbeck | Board member Trustee or director | 1 | $0 |
| Karen Costello-Pecht | Board member Trustee or director | 1 | $0 |
| Sara Andrews | Board member Trustee or director | 1 | $0 |
| Judy Bodamer | Board member Trustee or director | 1 | $0 |
| Bob Esch | Board member Trustee or director | 1 | $0 |
| Don Fredeen | Board member Trustee or director | 1 | $0 |
| Ron Orris | Board member Trustee or director | – | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Norm Strotman | President Trustee or director | 1 | $0 |
| Rick Esch | Vice President Trustee or director | 1 | $0 |
| Tim Asinger | Secretary Trustee or director | 1 | $0 |
| Sherri Geary | Treasurer Trustee or director | 1 | $0 |
| Mark Hollenbeck | Board Member Trustee or director | 1 | $0 |
| Shane Oschman | Board Member Trustee or director | 1 | $0 |
| Sara Andrews | Board Member Trustee or director | 1 | $0 |
| Judy Bodamer | Board member Trustee or director | 1 | $0 |
| Bob Esch | Board Member Trustee or director | 1 | $0 |
| Don Fredeen | Board Member Trustee or director | 1 | $0 |
| Richard McDowell | Board Member Trustee or director | 1 | $0 |
| Ron Orris | Board Member Trustee or director | 1 | $0 |
| Robert Veilleux | Board Member Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 490, BRADFORD, PA 16701-0490
- Principal officer (990 for 2025)
- Norman Strotman, PO Box 490, Bradford, PA 16701
- Signed the 990
- Norm Strotman, President
- Phone
- (814) 368-7170
- Return prepared by
- Zupka Accounting Services
Mission
Promote local economic and business development and growth.
Program accomplishments
- The Corporation developed the Lafferty Hollow Industrial Park for economic development and job creation purposes. Currently the BEDC owns and maintains the roadway and water pump station which serves the developed industrial park. The BEDC continues to support economic development efforts in the Bradford area.Expenses $11,469
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 25-1121862
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1960
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Assets (IRS master file)
- $241,802
- Income (IRS master file)
- $1,579
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,579 | $14,053 | $241,802 | XML |
| 990 | December 2024 | $7,827 | $15,361 | $1,959,685 | XML |
| 990 | December 2023 | $18 | $34,184 | $1,957,319 | XML |
| 990 | December 2022 | $18 | $20,652 | $1,991,485 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 25-1121862).
Questions about BRADFORD ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of BRADFORD ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of BRADFORD ECONOMIC DEVELOPMENT CORPORATION is 25-1121862.
- Is BRADFORD ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1960.
- Are donations to BRADFORD ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does BRADFORD ECONOMIC DEVELOPMENT CORPORATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of BRADFORD ECONOMIC DEVELOPMENT CORPORATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BRADFORD ECONOMIC DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of BRADFORD ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 names Norman Strotman.
- Who are the officers and directors of BRADFORD ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 lists 11 people; 0 received compensation from the organization.
- How much revenue does BRADFORD ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,579, expenses of $14,053 and total assets of $241,802 at year end.
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