Bedford 2030 Inc

What it reported doing in 2024

Form 990, part iii, line 4d, other program services: other various program services - examples include the greenlight award, take it or leave it shed, and other waste reduction efforts. Expenses 103,011. Including grants of 0. Revenue 14,065. Form 990, part vi, section a, line 6: bedford 2030 added "members" to the corporation in february 2022 in order to qualify for a nys gaming licence and hold an ev raffle. The members meet annually and elect the board of directors. Form 990, part vi, section a, line 7a: the organization's members have the right to elect the members of the board of directors as vacancies occur. Form 990, part vi, section b, line 11b: review of form 990 was conducted by the president and treasurer prior to filing with the IRS. Form 990, part vi, section b, line 15: employee performance evaluations are performed to provide feedback to employees. When appropriate, the evaluations may be used in determining compensation, promotion and disciplinary action. Job performance is evaluated through the year both in discussions with supervisors and through an annual written evaluation. This written annual evaluation is presented to the employee for discussion. All copies of annual evaluations are dated maintained on our payroll system, gusto. Each year the board of directors reviews and approves salary increases, based on the availability of funding. Recommendations for salary increases for employees are based on the results of their performance review. Form 990, part vi, section c, line 19: documents are available upon request. Form 990, part xii, line 2c there were no procedural changes from the prior year.

Financial Efficiency

• Mission deployment rate: 63.8%; rating input score 64
• Program expense ratio: 77.7%; rating input score 78
• Fundraising efficiency: $9.27 raised per $1 spent on fundraising; rating input score 35; 35th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 5 of 7 controls in place; rating input score 71
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Fail
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 19.5%; rating input score 76; 76th percentile among comparable filings
• Total-asset coverage ratio: 1.84; rating input score 62; 62nd percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 77; 77th percentile among comparable filings
• Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

• Program expense growth: 25.7% per year; rating input score 100; 88th percentile among comparable filings
• Revenue growth: 16% per year; rating input score 100; 80th percentile among comparable filings
• Asset growth: 18.8% per year; rating input score 100; 80th percentile among comparable filings