Overview
What is Bedford Revitalization Inc?
Bedford Revitalization Inc is a nonprofit organization situated in Bedford, Indiana. Its primary mission is to stimulate commercial and professional activities within the downtown area of Bedford. The organization's purpose is to contribute positively to the local business environment and foster growth in the community. The information provided does not detail any specific programs, initiatives, or collaborations, but the focus is on revitalizing the downtown area and boosting business activities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star rating.
Bedford Revitalization Inc has received an overall score of 80%, which translates to a commendable Three-Star rating. This score reflects the organization's strong performance in accountability and finance, indicating a robust management of resources and responsible financial practices. The rating is exclusively derived from a single beacon score, emphasizing the importance of financial transparency and governance in nonprofit operations.
One of the organization's notable strengths is its governance structure, boasting a fully independent board with 10 out of 10 members, which enhances its accountability. Additionally, the organization has demonstrated fiscal responsibility, with a perfect liabilities to assets ratio of 0.00%, suggesting that it operates without debt. Furthermore, the program expense ratio stands at an impressive 100%, indicating that all its expenses are allocated directly to its programs, ensuring that funds are effectively used to fulfill its mission.
While Bedford Revitalization Inc showcases strong financial health and governance practices, the data does not provide insights into its programmatic impact or community engagement efforts. Therefore, potential donors and stakeholders may want to consider investigating its specific initiatives and outcomes further to gain a complete understanding of its effectiveness in driving positive changes within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Bedford Revitalization Inc legitimate?
Bedford Revitalization Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bedford Revitalization Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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What is the mission statement of Bedford Revitalization Inc?
Bedford Revitalization Inc, as a nonprofit organization, is committed to fostering business and professional activities in a downtown setting. Their primary goal is to stimulate and bolster commercial and professional activities within the organization's sphere, without specifying a particular location. They aim to create a vibrant and thriving business environment, potentially leading to economic growth and development. The organization may also engage in activities that support the growth and success of local businesses and professionals.
Who is the CEO of Bedford Revitalization Inc?
Susan Gales is the President of Bedford Revitalization Inc.
What is the revenue of Bedford Revitalization Inc?
Bedford Revitalization Inc's revenue in 2022 was $40,981.
Who are the executives of Bedford Revitalization Inc and what are their salaries?
There 50 volunteers at Bedford Revitalization Inc.
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Where can I find the form 990 for Bedford Revitalization Inc?
Bedford Revitalization Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bedford Revitalization Inc
Bedford Revitalization Inc, as a nonprofit organization, is committed to fostering business and professional activities in the downtown area of Bedford, Indiana. The primary objective of this organization is to revitalize and invigorate the commercial and professional landscape of the downtown district, thereby contributing to its overall growth and development. By promoting business activities, Bedford Revitalization Inc aims to attract and retain businesses, creating a vibrant and thriving community. This nonprofit organization plays a crucial role in enhancing the economic vitality of the downtown area, ultimately benefiting both the businesses and the community at large.
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Impact
August, 2024
Bedford Revitalization Inc has had a significant impact on the downtown area of Bedford, Indiana. Through its efforts to promote business and professional activities, the organization has played a crucial role in revitalizing the local economy and fostering a sense of community improvement. By supporting local businesses and creating opportunities for professionals to thrive, Bedford Revitalization Inc has helped to attract investment, create jobs, and enhance the overall quality of life in Bedford. Their work has been instrumental in driving positive change and growth in the downtown area, making it a more vibrant and prosperous place for residents and visitors alike.
This information is meant to be a general summary of Bedford Revitalization Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $106
- Gross Receipts: $42,484
Assets and Liabilities:
- Total Assets: $167,341
- Total Liabilities: $0
- Net Assets: $167,341
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Organization Details
Founding Year
1991
Phone
(812) 275-5907Principal Officer
Susan Gales
Main Address
PO BOX 591, BEDFORD, IN, 47421
NTEE Category
Code: S99Z - Community improvement
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