Bedford Foundation
- Assets
- $338.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bedford, IA
- Founding
- 04/1991
- Data as of
- 12/2023
- EIN
- 42-1356638
Organization Overview
Bedford Foundation is located in Bedford, IA. The organization was established in 1991. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bedford Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Bedford Foundation generated $52.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (18.9%) each year. All expenses for the organization totaled $54.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
TO PROMOTE THE SOCIAL, ECONOMIC AND CULTURAL GROWTH OF THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Lou Klassen President | 2 | $0 | |
Tanya Strong Vice Pres | 2 | $0 | |
Coleen Larimer Secretary | 2 | $0 | |
Garland Fickess Treasurer | 2 | $480 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,966 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $8,977 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $821 |
| Total Revenue | $52,764 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $480 |
| Professional fees and other payments to independent contractors | $450 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $53,166 |
| Total expenses | $54,096 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $338,861 |
| Other assets | $0 |
| Total assets | $338,861 |
| Total liabilities | $0 |
| Net assets or fund balances | $338,861 |