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← BELVIDERE FOUNDATION

Form 990 for tax year 2024

Filed by BELVIDERE FOUNDATION.

Totals

Total revenue
$2,679,087
Total expenses
$58,644
Contributions and grants received
$2,684,730
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
-$5,643
Total assets, end of year
$3,345,294
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$3,345,294
Program services expenses (Part IX)
$58,644
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$58,644

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.

  • 1e · Government grants (contributions)

    $2,670,243

  • 1f · All other contributions, gifts and grants

    $14,487

  • 8a · Fundraising events: gross income

    $352

  • 8b · Fundraising events: direct expenses

    $5,995

  • 8c · Net income from fundraising events

    total -$5,643 · excluded -$5,643

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $10,500 · program services $10,500

  • 11g · Fees: other

    total $42,654 · program services $42,654

  • 12 · Advertising and promotion

    total $125 · program services $125

  • 13 · Office expenses

    total $106 · program services $106

  • 23 · Insurance

    total $3,452 · program services $3,452

  • 24a · Other expenses: MISC EXPENSES

    total $1,807 · program services $1,807

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $163,747 · end of year $180,126

  • 15 · Other assets

    beginning of year $563,001 · end of year $3,165,168

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,897 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $724,851 · end of year $3,345,294

Mission and programs · 2024

Mission

THE BELVIDERE FOUNDATION WAS CREATED TO SUPPORT THE FOLLOWING GOALS: (I) THE RESTORATION, PRESERVATION, AND IMPROVEMENT OF THE HISTORIC STRUCTURE AND PROPERTY OWNED BY THE CITY AND COMMONLY KNOWN AS THE BELVIDERE THEATER, (II) THE ADMINISTRATION OPERATION, MAINTENANCE, MARKETING, AND PROGRAMMING OF THE BELVIDERE THEATER; AND (III) FUNDRAISING AND OTHER FISCAL TRANSACTIONS THAT SUPPORT AND FURTHER THE FOUNDATION'S MISSION.

  • THE BOARD ESTABLISHED A BI-MONTHLY MEETING SCHEDULE; BUILT A WORKING RELATIONSHIP WITH CITY COUNCIL; ESTABLISHED A WEBSITE; CREATED BROCHURES AND HANDOUTS; WAS SUCCESSFUL IN RAISING FUNDS FROM VARIOUS SOURCES IN 2024.

    Expenses $58,644

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

Listed in Part VII

  • Peter Droege

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Betty Mahaffey

    TREASURER

    Total calculated
    $0
    Hours/week
    9

  • Barbara Thielemann

    RECORDING SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Eric Chinn

    EVENTS CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Corey Marshall

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kathleen Walker

    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
2 July 2025
IRS schema version
2024v5.2
Source object
202531979349300128

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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