Beloit Foundation Inc is located in Beloit, WI.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2015
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alonzo A Neese Jr President Director | 1 | $0 | |
Walter K Neese Director | 0.5 | $0 | |
Gordon C Neese Director | 0.25 | $0 | |
Jane Petit-Moore Director | 0.5 | $0 | |
Laura N Malik Director | 0.25 | $0 | |
Gary G Grabowski Director, Treasurer Exec. Dir. | 16 | $0 |
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8,479 |
| Dividends & Interest | $129,140 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $826,899 |
| Capital Gain Net Income | $826,899 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $964,518 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,102 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,292 |
| Printing and publications | $0 |
| Other expenses | $4,041 |
| Total operating and administrative expenses | $224,090 |
| Contributions, gifts, grants paid | $1,293,893 |
| Total expenses and disbursements | $1,517,983 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $37,847 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $307,532 |
| Investments—mortgage loans | $0 |
| Investments—other | $927,078 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,883,657 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $7,821 |
| Total liabilities | $7,821 |
Over the last fiscal year, Beloit Foundation Inc has awarded $8,151,893 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
BELOIT 2020 PURPOSE: NATURE AT THE CONFLUENCE ENDOWMENT | $500,000 |
BELOIT 2020 PURPOSE: NATURE AT THE CONFLUENCE PROJECT | $50,000 |
BELOIT COLLEGE PURPOSE: INTERNATIONAL SCHOLARSHIPS | $16,000 |
BELOIT FINE ARTS INCUBATOR PURPOSE: OV SHAFFER ARTS SHOWCASE PROJECT | $12,098 |
BELOIT HEALTH SYSTEM FOUNDATION INC PURPOSE: EMERGENCY ROOM RENOVATION | $50,000 |
CARITAS PURPOSE: PROGRAM FUNDING | $6,000 |