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Nonprofiteer
← BELOIT HEALTH SYSTEM FOUNDATION INC

Form 990 for tax year 2025

Filed by BELOIT HEALTH SYSTEM FOUNDATION INC.

Totals

Total revenue
$2,432,411
Total expenses
$2,420,859
Contributions and grants received
$1,367,465
Grants paid
$0
Program service revenue
$0
Investment income
$962,609
Other revenue
$102,337
Total assets, end of year
$14,768,764
Total liabilities, end of year
$41,152
Net assets or fund balances, end of year
$14,727,612
Program services expenses (Part IX)
$2,039,990
Management and general expenses
$5,276
Fundraising expenses
$375,593
Program service expenses (Part III)
$2,039,990

Program services were 84.3% 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.

  • 1c · Fundraising events

    $245,950

  • 1f · All other contributions, gifts and grants

    $1,121,515

  • 3 · Investment income

    total $253,548 · excluded $253,548

  • 7a · Gross sales of assets other than inventory

    securities $2,315,000 · other assets $269,366

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

    securities $1,875,305

  • 7c · Gain or loss

    securities $439,695 · other assets $269,366

  • 7d · Net gain or loss

    total $709,061 · excluded $709,061

  • 8a · Fundraising events: gross income

    $192,453

  • 8a · Fundraising events: contributions included on line 1c

    $245,950

  • 8b · Fundraising events: direct expenses

    $90,116

  • 8c · Net income from fundraising events

    total $102,337

Functional expenses

Part IX, the statement of functional expenses.

  • 11f · Fees: investment management

    total $40,747 · fundraising $40,747

  • 11g · Fees: other

    total $26,466 · fundraising $26,466

  • 12 · Advertising and promotion

    total $7,314 · fundraising $7,314

  • 13 · Office expenses

    total $5,620 · fundraising $5,620

  • 17 · Travel

    total $1,538 · fundraising $1,538

  • 19 · Conferences, conventions and meetings

    total $1,410 · fundraising $1,410

  • 24a · Other expenses: DISTRIBUTIONS TO BHS

    total $2,039,990 · program services $2,039,990

  • 24b · Other expenses: WAGES/ BENEFITS TO BHS

    total $250,294 · fundraising $250,294

  • 24c · Other expenses: OTHER FUNDRAISING

    total $39,118 · fundraising $39,118

  • 24d · Other expenses: LIFE INSURANCE

    total $5,276 · management and general $5,276

  • 24e · All other expenses

    total $3,086 · fundraising $3,086

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,022,992 · end of year $1,244,296

  • 3 · Pledges and grants receivable

    beginning of year $1,858,707 · end of year $1,905,579

  • 11 · Investments: publicly traded securities

    beginning of year $10,555,193 · end of year $10,645,588

  • 15 · Other assets

    beginning of year $899,370 · end of year $973,301

  • 17 · Accounts payable and accrued expenses

    beginning of year $69,038 · end of year $41,152

  • 27 · Net assets without donor restrictions

    beginning of year $4,382,026 · end of year $3,805,463

  • 28 · Net assets with donor restrictions

    beginning of year $9,885,198 · end of year $10,922,149

Mission and programs · 2025

Mission

THE MISSION OF BELOIT HEALTH SYSTEM FOUNDATION, INC. IS THE DEVELOPMENT, MANAGEMENT AND DISTRIBUTION OF GIFTS TO ASSIST BELOIT HEALTH SYSTEM IN PROVIDING EXCELLENCE IN HEALTH CARE FOR THE STATELINE AREA.

  • DISTRIBUTIONS TO BELOIT HEALTH SYSTEM

    Expenses $2,039,990

As filed on the 2025 return.

Listed in Part VII

  • Timothy McKevett

    BOARD MEMBER

    Total calculated
    $1,512,691
    From this org
    $0
    From related orgs
    $1,329,221
    Other
    $183,470

    Schedule J breakdown matched by us

    Base
    not reported + $720,606 related
    Bonus
    not reported + $229,510 related
    Other
    not reported + $379,105 related
    Deferred
    not reported + $183,470 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $1,512,691 related

  • Dr Zach Zimmerman

    BOARD MEMBER

    Total calculated
    $920,628
    From this org
    $0
    From related orgs
    $906,828
    Other
    $13,800

    Schedule J breakdown matched by us

    Base
    not reported + $906,828 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $13,800 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $920,628 related

  • Nicole Kovarik

    BOARD MEMBER

    Total calculated
    $192,519
    From this org
    $0
    From related orgs
    $185,372
    Other
    $7,147

    Schedule J breakdown matched by us

    Base
    not reported + $180,379 related
    Bonus
    not reported + $4,993 related
    Other
    not reported
    Deferred
    not reported + $7,147 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $192,519 related

  • Tami Scarpetta

    EXE DIR/ NON

    Total calculated
    $170,410
    From this org
    $0
    From related orgs
    $163,979
    Other
    $6,431
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    not reported + $138,294 related
    Bonus
    not reported + $25,685 related
    Other
    not reported
    Deferred
    not reported + $6,431 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $170,410 related

  • Doris Mulder

    BOARD MEMBER

    Total calculated
    $12,789
    From this org
    $0
    From related orgs
    $12,789
    Other
    $0
    Hours/week
    8

  • Lori Packard Dabson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Tom Finley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Seth Frisbee

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Derek Hahn

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0

  • Stephanie Knueppel

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • Mark Leach

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Mike Marquette

    VICE CHARIMA

    Total calculated
    $0
    Hours/week
    0

  • Tim Oswald

    TREASURER

    Total calculated
    $0
    Hours/week
    0

  • Louie Pody

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Jacquie Seymour

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Martha Williams

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

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

  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 3
COMPENSATION FOR THE EXECUTIVE DIRECTOR IS PAID THROUGH BELOIT HEALTH SYSTEM AND IS DETEMINED AND APPROVED BY A SMALL COMMITTEE WITHIN THE BOARD OF DIRECTORS. THE COMMITTEE IS CALLED THE COMPENSATION AND EVALUATION COMMITTEE.
SCHEDULE J, PAGE 1, PART I, LINE 4
TIMOTHY MCKEVETT 0 379,105 0

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

No itemized grants to organizations 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
2025
Filed
22 May 2026
IRS schema version
2025v4.0
Source object
202611429349300421

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