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Nonprofit · EIN 25-1893465

DOWNTOWN BEDFORD INC

Tax-exempt · BEDFORD, PA 15522

Financials

$147K$127K2023$169K$125K2024
Revenue Expenses · by fiscal year end
Financials of DOWNTOWN BEDFORD INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$168,740$125,311$43,429$257,353$8,701$248,652
December 31, 2023990$147,026$127,335$19,691$207,106$1,883$205,223
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$60,132
of which government grants
$23,240
Membership dues
$22,300
Program service revenue
$27,988
Investment income
$6,830
Net income from fundraising events
$73,790
Other revenue
$73,790

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$96
Professional fundraising fees
$0
Accounting fees
$3,115
Travel
$426
Depreciation
$6,274
Program services (functional)
$120,342
Management and general (functional)
$4,969

Balance sheet and other

Total assets, start of year
$207,106
Total assets, end of year
$257,353
Total liabilities, end of year
$8,701
Net assets, end of year
$248,652
Land, buildings and equipment
$47,809
Publicly traded securities
$89,632
Net assets without donor restrictions
$248,652
Gross receipts
$273,128
Employees
0
Volunteers
115
Year formed
2002
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, 2024, highest compensation first.

NameTitleHours / weekCompensation
Vicki FoorChairman
Officer
4$0
Shaun StyerVice Chair
Officer
4$0
Katie FinkSecretary
Officer
4$0
Sherri GrowdenTreasurer
Officer
4$0
Shelley WertzBoard
Trustee or director
1$0
Joe BlackBoard
Trustee or director
1$0
Allen HarrBoard
Trustee or director
1$0
Michael MeehanBoard
Trustee or director
1$0
Brian JeffriesBoard
Trustee or director
1$0
Victoria BlackBoard
Trustee or director
1$0
Jennifer CarterBoard
Trustee or director
1$0
Jennifer BlymierBoard
Trustee or director
1$0
990 for the year ended December 31, 2023: 12 people
NameTitleHours / weekCompensation
Vicki FoorChairman
Officer
4$0
Shaun StyerVice Chair
Officer
4$0
Katie FinkSecretary
Officer
4$0
Sherri GrowdenTreasurer
Officer
4$0
Shelley WertzBoard
Trustee or director
1$0
Joe BlackBoard
Trustee or director
1$0
Allen HarrBoard
Trustee or director
1$0
Michael MeehanBoard
Trustee or director
1$0
Brian JeffriesBoard
Trustee or director
1$0
Victoria BlackBoard
Trustee or director
1$0
Jennifer CarterBoard
Trustee or director
1$0
Jennifer BlymierBoard
Trustee or director
1$0

Address and contacts

Address (IRS master file)
PO BOX 286, BEDFORD, PA 15522-0286
Principal officer (990 for 2024)
Sherri Growden, PO Box 286, Bedford, PA 15522
Signed the 990
Sherri Growden, Treasurer
Phone
(814) 623-0048
Return prepared by
Ritchey Ritchey & Koontz

Mission

Promote business and activities in the business district of Bedford, PA.

990 for the year ended December 31, 2024

Program accomplishments

  • Promoted activites in Bedford business area, oversaw streetscape revitalization project.
    Expenses $120,342 · revenue $168,740

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
25-1893465
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2002
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$257,353
Income (IRS master file)
$273,128

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$168,740$125,311$257,353IRS
990December 2023$147,026$127,335$207,106XML
990December 2022$177,192$154,891$194,070IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 25-1893465).

Questions about DOWNTOWN BEDFORD INC

What is the EIN of DOWNTOWN BEDFORD INC?
The employer identification number (EIN) of DOWNTOWN BEDFORD INC is 25-1893465.
Is DOWNTOWN BEDFORD INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
Are donations to DOWNTOWN BEDFORD INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does DOWNTOWN BEDFORD INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of DOWNTOWN BEDFORD INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did DOWNTOWN BEDFORD INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of DOWNTOWN BEDFORD INC?
The 990 for the year ended December 31, 2024 names Sherri Growden.
Who are the officers and directors of DOWNTOWN BEDFORD INC?
The 990 for the year ended December 31, 2024 lists 12 people; 0 received compensation from the organization.
How much revenue does DOWNTOWN BEDFORD INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $168,740, expenses of $125,311 and total assets of $257,353 at year end.

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