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← ROCKFORD AREA CONVENTION & VISITORS BUREAU CHARITABLE FOUNDATION

Form 990 for tax year 2024

Filed by ROCKFORD AREA CONVENTION & VISITORS BUREAU CHARITABLE FOUNDATION.

Totals

Total revenue
$501,681
Total expenses
$489,357
Contributions and grants received
$39,054
Grants paid
$408,007
Program service revenue
$439,347
Investment income
$0
Other revenue
$23,280
Total assets, end of year
$577,969
Total liabilities, end of year
$127,215
Net assets or fund balances, end of year
$450,754
Program services expenses (Part IX)
$489,317
Management and general expenses
$40
Fundraising expenses
$0
Program service expenses (Part III)
$489,317

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $39,054

  • 2a · Program service revenue: STROLL ON STATE (SOS)

    total $324,188 · related or exempt $324,188

  • 2b · Program service revenue: DASHER DASH

    total $67,159 · related or exempt $67,159

  • 2c · Program service revenue: CRE8IV (MURALS)

    total $38,000 · related or exempt $38,000

  • 2d · Program service revenue: FOREST CITY BEAUTIFUL (FCB)

    total $10,000 · related or exempt $10,000

  • 6a · Gross rents

    real property $23,280

  • 6c · Rental income or loss

    real property $23,280

  • 6d · Net rental income or loss

    total $23,280 · excluded $23,280

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $408,007 · program services $408,007

  • 20 · Interest

    total $3,652 · program services $3,652

  • 22 · Depreciation, depletion and amortization

    total $10,322 · program services $10,322

  • 24a · Other expenses: PROGRAM SERVICES

    total $40,238 · program services $40,238

  • 24b · Other expenses: BUILDING REPAIRS

    total $27,098 · program services $27,098

  • 24c · Other expenses: FILING FEES

    total $25 · management and general $25

  • 24d · Other expenses: BANK FEES

    total $15 · management and general $15

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $15,491 · end of year $24,869

  • 3 · Pledges and grants receivable

    beginning of year $26,000 · end of year $1,000

  • 5 · Loans and receivables from officers and key people

    beginning of year $13,606

  • 10a · Land, buildings and equipment: cost or other basis

    $402,559

  • 10b · Land, buildings and equipment: accumulated depreciation

    $29,667

  • 10c · Land, buildings and equipment, net

    beginning of year $383,214 · end of year $372,892

  • 15 · Other assets

    beginning of year $228,725 · end of year $179,208

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,187 · end of year $14,374

  • 19 · Deferred revenue

    beginning of year $130,000 · end of year $60,000

  • 22 · Loans and payables to officers and key people

    beginning of year $25,000 · end of year $3,987

  • 23 · Secured mortgages and notes payable

    beginning of year $68,419 · end of year $48,854

  • 27 · Net assets without donor restrictions

    beginning of year $404,580 · end of year $448,754

  • 28 · Net assets with donor restrictions

    beginning of year $33,850 · end of year $2,000

Mission and programs · 2024

Mission

SOLICIT PUBLIC FUNDING TO HELP SUPPORT THE ROCKFORD AREA CONVENTION AND VISITORS BUREAU'S COMMUNITY INITIATIVES

Activities or mission (Part I)

SOLICIT PUBLIC FUNDING TO HELP SUPPORT THE ROCKFORD AREA CONVENTION & VISITORS BUREAU'S COMMUNITY INITIATIVES

  • ALL FUNDS ARE DIRECTED TO THE ROCKFORD AREA CONVENTION AND VISITORS BUREAU TO SUPPORT COMMUNITY INITATIVES.

    Expenses $489,317 · Grants $408,007 · Revenue $439,347

As filed on the 2024 return.

Listed in Part VII

  • Carol Schuster

    CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Tiana McCall

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Gina Caruana

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Marco Lenis

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Jennifer Furst

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    2

  • David Anderson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Rebecca Francis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • John Groh

    DIRECTOR

    Total calculated
    $254,650
    From this org
    $0
    From related orgs
    $223,346
    Other
    $31,304
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $196,128 related
    Bonus
    not reported + $27,218 related
    Other
    not reported
    Deferred
    not reported + $19,200 related
    Nontaxable benefits
    not reported + $12,104 related
    Filer's total
    not reported + $254,650 related

  • Theresa Kegley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Leslie West

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jim Pirages

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jeff Marrs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
19 December 2025
IRS schema version
2024v5.0
Source object
202600159349300500

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