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← BELOIT HISTORICAL SOCIETY

Form 990 for tax year 2024

Filed by BELOIT HISTORICAL SOCIETY.

Totals

Total revenue
$542,132
Total expenses
$195,559
Contributions and grants received
$299,723
Grants paid
$0
Program service revenue
$23,786
Investment income
$215,058
Other revenue
$3,565
Total assets, end of year
$1,730,732
Total liabilities, end of year
$7,223
Net assets or fund balances, end of year
$1,723,509
Program services expenses (Part IX)
$100,291
Management and general expenses
$78,993
Fundraising expenses
$16,275
Program service expenses (Part III)
$100,291

Program services were 51.3% 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.

  • 1e · Government grants (contributions)

    $218,709

  • 1f · All other contributions, gifts and grants

    $81,014

  • 1g · Noncash contributions included above

    $98

  • 2a · Program service revenue: MEMBERSHIP SPONSORSHIP

    total $23,355 · related or exempt $23,355

  • 2b · Program service revenue: PROGRAM REVENUE

    total $431 · related or exempt $431

  • 3 · Investment income

    total $26,105 · excluded $26,105

  • 6a · Gross rents

    real property $700

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $700

  • 6d · Net rental income or loss

    total $700 · excluded $700

  • 7a · Gross sales of assets other than inventory

    securities $69,271 · other assets $224,975

  • 7b · Less cost or other basis and sales expenses

    securities $43,465 · other assets $61,828

  • 7c · Gain or loss

    securities $25,806 · other assets $163,147

  • 7d · Net gain or loss

    total $188,953 · excluded $188,953

  • 10a · Gross sales of inventory

    $1,578

  • 10b · Cost of goods sold

    $40

  • 10c · Net income from sales of inventory

    total $1,538 · related or exempt $1,538

  • 11d · All other revenue

    total $1,327 · excluded $1,327

  • 11e · Other revenue, total

    $1,327

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $48,000 · program services $14,400 · management and general $24,000 · fundraising $9,600

  • 7 · Other salaries and wages

    total $44,606 · program services $28,285 · management and general $15,874 · fundraising $447

  • 10 · Payroll taxes

    total $7,084 · program services $3,265 · management and general $3,050 · fundraising $769

  • 11c · Fees: accounting

    total $11,388 · management and general $11,388

  • 11f · Fees: investment management

    total $4,713 · management and general $4,713

  • 11g · Fees: other

    total $5,743 · management and general $5,743

  • 12 · Advertising and promotion

    total $225 · fundraising $225

  • 13 · Office expenses

    total $14,083 · program services $5,346 · management and general $6,775 · fundraising $1,962

  • 14 · Information technology

    total $556 · program services $226 · management and general $263 · fundraising $67

  • 16 · Occupancy

    total $24,176 · program services $20,155 · management and general $3,015 · fundraising $1,006

  • 17 · Travel

    total $251 · program services $116 · management and general $108 · fundraising $27

  • 19 · Conferences, conventions and meetings

    total $318 · program services $147 · management and general $136 · fundraising $35

  • 22 · Depreciation, depletion and amortization

    total $11,107 · program services $8,886 · management and general $1,666 · fundraising $555

  • 23 · Insurance

    total $12,761 · program services $10,209 · management and general $1,914 · fundraising $638

  • 24a · Other expenses: PROGRAM SUPPLIES

    total $8,723 · program services $8,723

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $783 · program services $533 · management and general $250

  • 24e · All other expenses

    total $1,042 · management and general $98 · fundraising $944

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $146 · end of year $537

  • 2 · Savings and temporary cash investments

    beginning of year $95,723 · end of year $29,803

  • 3 · Pledges and grants receivable

    end of year $3,000

  • 7 · Other notes and loans receivable

    end of year $123,000

  • 8 · Inventories for sale or use

    beginning of year $1,129 · end of year $1,129

  • 9 · Prepaid expenses and deferred charges

    beginning of year $818 · end of year $483

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

    $884,757

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

    $608,338

  • 10c · Land, buildings and equipment, net

    beginning of year $152,360 · end of year $276,419

  • 11 · Investments: publicly traded securities

    beginning of year $872,001 · end of year $948,165

  • 12 · Investments: other securities

    beginning of year $106,908 · end of year $272,706

  • 15 · Other assets

    beginning of year $71,145 · end of year $75,490

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,487 · end of year $7,223

  • 27 · Net assets without donor restrictions

    beginning of year $936,463 · end of year $1,361,828

  • 28 · Net assets with donor restrictions

    beginning of year $357,280 · end of year $361,681

Mission and programs · 2024

Mission

THE MISSION OF THE BELOIT HISTORICAL SOCIETY IS: CONNECTING PEOPLE WITH BELOIT'S HISTORY TO INSPIRE AN INCLUSIVE, INFORMED, AND ENGAGED COMMUNITY.

Activities or mission (Part I)

CONNECTING PEOPLE WITH BELOIT'S HISTORY TO INSPIRE AN INCLUSIVE, INFORMED, AND ENGAGED COMMUNITY.

  • PROGRAM SERVICES INCLUDE THE OPERATION AND RESTORATION OF THE HANCHETT-BARTLETT HOMESTEAD AND MUSEUM, PROVIDING EXHIBITS OF LOCAL HISTORICAL VALUE AND PROGRAMS FOR THE PUBLIC REGARDING LOCAL HISTORICAL EVENTS, MAINTAINING ARCHIVES, AND PROVIDING HISTORICAL PRESERVATION CONSULTATION. OUR MAJOR PROGRAM OF SERVICE IS PUBLIC EDUCATION. THIS IS MAINLY ACCOMPLISHED THROUGH EXHIBITS AT THE LINCOLN CENTER WHERE WE HAVE A ROTATING SERIES OF SMALL EXHIBITS DURING THE YEAR. WE ALSO HAVE ANNUAL PROGRAMS THAT FEATURE HISTORICAL TOPICS THAT ARE AVAILABLE TO THE SOCIETY MEMBERSHIP AND GENERAL PUBLIC. IN ADDITION, HOUSED IN THE LINCOLN CENTER IS THE SPORTS HALL OF FAME AND THE BELOIT HISTORICAL SOCIETY HALL OF FAME WHICH RECOGNIZES SIGNIFICANT CONTRIBUTIONS FROM INDIVIDUALS TO THE CITY OF BELOIT. A SECOND MAJOR PROGRAM IS THE CARE AND HOUSING OF OUR COLLECTIONS AT OUR HEADQUARTERS BUILDING LINCOLN CENTER. THESE COLLECTIONS OF OBJECTS, BOOKS, PAPERS, ETC. FORM THE FOUNDATION OF ALL OTHER SERVICES AND PROGRAMMING WE PROVIDE. WE HANDLE HUNDREDS OF RESEARCH REQUESTS FOR GENEALOGICAL AND HISTORICAL INFORMATION. OUR PHOTOGRAPHIC COLLECTIONS ARE USED WIDELY BY LOCAL BUSINESSES AND THE GENERAL PUBLIC.

    Expenses $100,291 · Revenue $25,324

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Richard Dexter

    PRESIDENT

    Total calculated
    $0
    Hours/week
    8

  • Jackie Jackson

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Richard Gerhard

    DIRECTOR (THRU MAY)

    Total calculated
    $0
    Hours/week
    2

  • Tom Larson

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Ellen Joyce

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Betsy Schmiechen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mark Preuschl

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Robert Blakely

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Danielle Clifton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Martin Densch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sylvia Lopez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Donna Langford

    EXECUTIVE DIRECTOR/SECRETARY

    Total calculated
    $48,000
    From this org
    $48,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    42

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202533189349310903

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