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← BELOIT CONVENTION & VISITORS BUREAU CHARITABLE FOUNDATION INC

Form 990 for tax year 2022

Filed by BELOIT CONVENTION & VISITORS BUREAU CHARITABLE FOUNDATION INC.

Totals

Total revenue
$17,954
Total expenses
$120,389
Contributions and grants received
$50
Grants paid
$4,550
Program service revenue
$0
Investment income
$22
Other revenue
$17,882
Total assets, end of year
$784,513
Total liabilities, end of year
$693,720
Net assets or fund balances, end of year
$90,793
Program services expenses (Part IX)
$113,453
Management and general expenses
$6,936
Fundraising expenses
$0
Program service expenses (Part III)
$113,453

Program services were 94.2% 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)

    $50

  • 3 · Investment income

    total $22 · excluded $22

  • 8a · Fundraising events: gross income

    $31,018

  • 8b · Fundraising events: direct expenses

    $28,420

  • 8c · Net income from fundraising events

    total $2,598

  • 11a · Other revenue: REIMURSEMENTS

    total $15,250 · related or exempt $15,250

  • 11b · Other revenue: UNCATEGORIZED INCOME

    total $34 · related or exempt $34

  • 11e · Other revenue, total

    $15,284

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $4,550 · program services $4,550

  • 11c · Fees: accounting

    total $1,660 · program services $830 · management and general $830

  • 12 · Advertising and promotion

    total $400 · program services $400

  • 13 · Office expenses

    total $369 · program services $240 · management and general $129

  • 20 · Interest

    total $21,703 · program services $18,448 · management and general $3,255

  • 22 · Depreciation, depletion and amortization

    total $15,342 · program services $13,041 · management and general $2,301

  • 24a · Other expenses: LEGACY PROGRAM SPONSORSHI

    total $54,987 · program services $54,987

  • 24b · Other expenses: RESEARCH-SERVICES

    total $20,000 · program services $20,000

  • 24c · Other expenses: MISCELLANEOUS EXPENSES -

    total $1,011 · program services $649 · management and general $362

  • 24d · Other expenses: EVENT HOSTING - GIFTS

    total $175 · program services $175

  • 24e · All other expenses

    total $192 · program services $133 · management and general $59

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $840 · end of year $2,682

  • 2 · Savings and temporary cash investments

    beginning of year $3,462 · end of year $25,824

  • 4 · Accounts receivable

    end of year $5,000

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

    $773,574

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

    $22,567

  • 10c · Land, buildings and equipment, net

    beginning of year $754,861 · end of year $751,007

  • 17 · Accounts payable and accrued expenses

    beginning of year $206,845 · end of year $214,249

  • 19 · Deferred revenue

    end of year $365

  • 23 · Secured mortgages and notes payable

    beginning of year $494,706 · end of year $479,106

  • 27 · Net assets without donor restrictions

    beginning of year $57,612 · end of year $90,793

Mission and programs · 2022

Mission

TO LEAD AND COORDINATE DESTINATION DEVELOPMENT PROJECTS IN THE GREATER BELOIT REGION THROUGH PUBLIC AND PRIVATE FUNDING, AS WELL AS MANAGE GRANT AND SPONSORSHIP PROGRAMS.

  • ACHIEVEMENT OF LEADING AND COORDINATE DEVELOPMENT PROJECTS IN THE GREATER BELOIT REGION THROUGH PUBLIC AND PRIVATE FUNDING, AS WELL AS MANAGE GRANT AND SPONSORSHIP PROGRAMS.

    Expenses $113,453 · Grants $4,550

As filed on the 2022 return.

Listed in Part VII

  • Celestino Ruffini

    CEO

    Total calculated
    $95,778
    From this org
    $0
    From related orgs
    $85,936
    Other
    $9,842
    Hours/week
    40

  • Ron Whitley

    CHAIR

    Total calculated
    $0

  • Danielle Marx

    DIRECTOR

    Total calculated
    $0

  • Deanna Watts

    VICE CHAIR

    Total calculated
    $0

  • Spencer Waite

    DIRECTOR

    Total calculated
    $0

  • Erick Williams

    DIRECTOR

    Total calculated
    $0

  • Jessica Santillan-Reyes

    DIRECTOR

    Total calculated
    $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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
20 September 2023
IRS schema version
2022v5.0
Source object
202332639349301503

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