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Nonprofit · EIN 47-4416450

DOWNTOWN BELLEFONTE INC

Tax-exempt · BELLEFONTE, PA 16823

Financials

$120K$177K2023$127K$175K2024
Revenue Expenses · by fiscal year end
Financials of DOWNTOWN BELLEFONTE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-EZ$127,234$175,252-$48,018$69,896$25,787$44,109
December 31, 2023990-EZ$119,697$177,089-$57,392$110,948$18,821$92,127
Financial details: 990-EZ for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$72,227
Program service revenue
$42,343
Investment income
$225
Net income from fundraising events
$12,439

Expenses

Grants and similar amounts paid
$7,500
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$62,801
Professional fees and payments to contractors
$34,850
Occupancy
$24,313
Printing, publications and postage
$1,257
Other expenses
$44,531
Program services (functional)
$130,528

Balance sheet and other

Total assets, start of year
$110,948
Total assets, end of year
$69,896
Total liabilities, end of year
$25,787
Net assets, end of year
$44,109
Cash, savings and investments
$48,591
Gross receipts
$170,757

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-EZ for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
Michael ScottPresident6$0
Ellen MatisVice President6$0
Nate McFaddenTreasurer2$0
Amy DebachSecretary2$0
Rod BeardDirector1$0
Steve BrawleyDirector1$0
Edward StoddardDirector1$0
Ryan LoweDirector1$0
Holly WilsonDirector1$0
Joseph MinichDirector1$0
990-EZ for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensation
Michael ScottPresident6$0
Ellen MatisPast President2$0
Nate McFaddenTreasurer2$0
Stephanie PetersSecretary2$0
Rod BeardMember1$0
Steve BrawleyMember1$0
Amy DebachMember1$0
Edward StoddardMember1$0
Ryan LoweMember1$0

Address and contacts

Address (IRS master file)
320 W HIGH ST, BELLEFONTE, PA 16823-1304
In care of
% LORRAINE MULFINGER
Mailing address (990-N for 2017)
236 W Lamb St, Bellefonte PA 16823
Principal officer (990-N for 2017)
Rodney A Beard, 101A N Allegheny Street, Bellefonte PA 16823
Signed the 990-EZ
Steve Brawley, President
Phone
(814) 548-7532
Return prepared by
Ridgeline Business Solutions LLC

Mission

To promote community and economic development in Downtown Bellefonte

990-EZ for the year ended December 31, 2024

Program accomplishments

  • To promote community and economic development in downtown Bellefonte
    Expenses $130,528 · grants $7,500

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-EZ on file
2023December 31, 2023May 15, 2024990-EZ on file

IRS record

EIN
47-4416450
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2015
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$69,896
Income (IRS master file)
$170,757

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2024$127,234$175,252$69,896XML
990-EZDecember 2023$119,697$177,089$110,948XML
990December 2022$192,079$150,623$156,156IRS
990December 2021–––IRS
990-EZDecember 2020–––IRS
990-EZDecember 2018–––IRS
990-N for 2017
Officer: Rodney A Beard
December 31, 2017≤ $50,000 receipts––e-Postcard

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 47-4416450).

Questions about DOWNTOWN BELLEFONTE INC

What is the EIN of DOWNTOWN BELLEFONTE INC?
The employer identification number (EIN) of DOWNTOWN BELLEFONTE INC is 47-4416450.
Is DOWNTOWN BELLEFONTE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
Are donations to DOWNTOWN BELLEFONTE INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does DOWNTOWN BELLEFONTE 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 BELLEFONTE 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 BELLEFONTE INC last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
Who is the principal officer of DOWNTOWN BELLEFONTE INC?
The 990-N for 2017 names Rodney A Beard.
Who are the officers and directors of DOWNTOWN BELLEFONTE INC?
The 990-EZ for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
How much revenue does DOWNTOWN BELLEFONTE INC have?
On its 990-EZ for the year ended December 31, 2024 it reported revenue of $127,234, expenses of $175,252 and total assets of $69,896 at year end.

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