Civic Intelligence

Beloit Convention & Visitors Bureau Charitable Foundation Inc.

990 • Fiscal year 2023 • EIN 39-1590764

Jan 01, 2023 to Dec 31, 2023 • Filed on Sep 16, 2024

Organization ProfileWWW.VISITBELOIT.COM
656 Pleasant StreetBeloit, WI 53511

(608) 365-4838

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

92nd percentile

0.78x

Higher debt load relative to assets than 92% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2023

Net Margin

100th percentile

862%

Higher net margin than 100% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

87th percentile

$99,640

Higher top officer pay than 87% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

31st percentile

-2.8%

Faster asset growth than 31% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Down

$762,749

Down $21,764 (-2.8%) from 2022

Net Assets

Up

$165,459

Up $74,666 (+82%) from 2022

Liabilities

Down

$597,290

Down $96,430 (-14%) from 2022

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin100th percentile

Revenue

Down

-$5,891

Down $23,845 (-133%) from 2022

Expenses

Down

$44,892

Down $75,497 (-63%) from 2022

Net Income

Up

-$50,783

Up $51,652 (+50%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth31st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2010: $382,614Liabilities 2010: $30,569Net Assets 2010: $352,0452010Assets 2011: $430,261Liabilities 2011: $44,852Net Assets 2011: $385,4092011Assets 2012: $479,562Liabilities 2012: $80,356Net Assets 2012: $399,2062012Assets 2013: $550,588Liabilities 2013: $41,900Net Assets 2013: $508,6882013Assets 2014: $451,356Liabilities 2014: $66,132Net Assets 2014: $385,2242014Assets 2015: $551,570Liabilities 2015: $45,136Net Assets 2015: $506,4342015Assets 2016: $738,060Liabilities 2016: $93,133Net Assets 2016: $644,9272016Assets 2017: $752,970Liabilities 2017: $114,139Net Assets 2017: $638,8312017Assets 2018: $697,339Liabilities 2018: $85,841Net Assets 2018: $611,4982018Assets 2019: $780,582Liabilities 2019: $127,012Net Assets 2019: $653,5702019Assets 2020: $1,073,363Liabilities 2020: $264,351Net Assets 2020: $809,0122020Assets 2021: $759,163Liabilities 2021: $701,551Net Assets 2021: $57,6122021Assets 2022: $784,513Liabilities 2022: $693,720Net Assets 2022: $90,7932022Assets 2023: $762,749Liabilities 2023: $597,290Net Assets 2023: $165,4592023Assets 2024: $1,035,412Liabilities 2024: $150,539Net Assets 2024: $884,8732024

Highlighted filing

2023

Assets$762,749
Liabilities$597,290
Net Assets$165,459
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2010: $456,3912010Expenses 2011: $490,3962011Expenses 2012: $600,8982012Revenue 2013: $701,807Expenses 2013: $592,325Net Income 2013: $109,4822013Revenue 2014: $774,851Expenses 2014: $898,315Net Income 2014: -$123,4642014Revenue 2015: $795,604Expenses 2015: $674,394Net Income 2015: $121,2102015Revenue 2016: $878,434Expenses 2016: $739,941Net Income 2016: $138,4932016Revenue 2017: $913,137Expenses 2017: $919,233Net Income 2017: -$6,0962017Revenue 2018: $1,017,179Expenses 2018: $1,044,512Net Income 2018: -$27,3332018Revenue 2019: $1,070,521Expenses 2019: $1,028,449Net Income 2019: $42,0722019Revenue 2020: $1,002,661Expenses 2020: $847,219Net Income 2020: $155,4422020Revenue 2021: $262Expenses 2021: $223,778Net Income 2021: -$223,5162021Revenue 2022: $17,954Expenses 2022: $120,389Net Income 2022: -$102,4352022Revenue 2023: -$5,891Expenses 2023: $44,892Net Income 2023: -$50,7832023Revenue 2024: $902,334Expenses 2024: $182,920Net Income 2024: $719,4142024

Highlighted filing

2023

Revenue-$5,891
Expenses$44,892
Net Income-$50,783
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Sep 16, 2024
Return Version
2023v5.0
Gross Receipts
$262
Mission and Program Overview

Mission

We are greater beloit's tourism champion using our expertise to generate positive economic impact and to create a vibrant community for residents and visitors.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$751,007$734,617▼ $16,390
Savings and Temporary Cash Investments$25,824$24,545▼ $1,279
Accounts Receivable$5,000--
Cash and Non-Interest-Bearing Accounts$2,682$3,587▲ $905
Total Assets$784,513$762,749▼ $21,764
Liabilities
Mortgage Notes Payable Secured by Investment Property$479,106$462,804▼ $16,302
Accounts Payable and Accrued Expenses$214,249$133,119▼ $81,130
Deferred Revenue$365$1,367▲ $1,002
Total Liabilities$693,720$597,290▼ $96,430
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$90,793$165,459▲ $74,666
Total Net Assets Fund Balance$90,793$165,459▲ $74,666
Total Liabilities and Net Assets / Fund Balance$784,513$762,749▼ $21,764

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$734,617$38,957$773,574
Compensation and Service Providers
Top Officer Pay87th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Celestino RuffiniCEOFT$99,640$99,640

Board Members and Trustees

NameTitle
Ron WhitleyChair
Danielle MarxDirector
Erick WilliamsDirector
Jessica Santillan-reyesDirector
Spencer WaiteDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$250
Program Service Revenue
$0
Investment Income
$12
Other Revenue
$-6,153
Change in Net Assets
$-50,783
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$43,054
Grants and Similar Amounts Paid$1,838
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$17,851$3,150-$21,001
Depreciation Depletion$13,932$2,459-$16,391
Grants to Domestic Individuals$1,838--$1,838
Office Expenses$409$221-$630
Advertising$500--$500
All Other Expenses$13$45-$58
Other Expenses$51$106-$51
Total Functional Expenses$38,911$5,981$0$44,892
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$6,153
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The form 990 is reviewed by the ceo, external accountant, and executive committee and is approved by the board prior to filing.”

Form 990, Page 6, Part VI, Line 12C

“Board members submit a written statement describing any conflicts of interest prior to becoming a member of the board and annually review, update, and resubmit the conflict of interest statement.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are made available to interested parties upon request and are available for public inspection on the organization's website and guidestar.”

Filing and Contact Details

Filer

Filer Name
Beloit Convention and Visitors
EIN
39-1590764
Phone
6083654838
Address
656 PLEASANT STREET, BELOIT, WI 53511

Signing Officer

Name
Celestino Ruffini
Title
CEO
Phone
6083654838
Signed
2024-09-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Celestino Ruffini
Formed
1987
Legal Domicile
Wi
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Siepert & Co Llp
Address
4278 E ROCKTON RD, ROSCOE, IL 61073
Preparer
Mark H Trotter
Phone
8156238818
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Transfer to visit beloit, inc. Ein 84-3531670 125,449”

Financial Statement Notes

Schedule D, Page 3, Part X

“Beloit convention and visitors bureau charitable foundation, inc. Is a nonprofit organizations exempt from federal and state income taxes under internal revenue code sections 501(c)(3) as other than a private foundation. As a result, there is no provision for income taxes in the consolidated financial statements. Management of beloit convention and visitors bureau charitable foundation, inc. Has evaluated for and determined there are no uncertain tax positions as of december 31, 2023. Beloit convention and visitors bureau charitable foundation, inc. Is subject to informational reporting requirements in the united states federal jurisdiction and the state of wisconsin. Tax regulations within each jurisdiction are subject to the interpretation of the related tax laws and regulations and require significant judgment to apply. Tax returns remain open for federal examination for the past three years and state examination for the past four years. At december 31, 2023, there are no ongoing income tax audits or unresolved disputes with the various taxing authorities beloit convention and visitors bureau charitable foundation, inc. Currently file, or have filed, with.”

Raw XML Appendix341 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0214249
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0133119
IRS990/AccountsReceivableGrp/BOYAmt05000
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO LEAD AND COORDINATE DESTINATION DEVELOPMENT PROJECTS IN THE GREATER BELOIT REGION THROUGH PUBLIC AND PRIVATE FUNDING, AS WELL AS MANAGE GRANT AND SPONSORSHIP PROGRAMS.
IRS990/AdvertisingGrp/ProgramServicesAmt0500
IRS990/AdvertisingGrp/TotalAmt0500
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt045
IRS990/AllOtherExpensesGrp/ProgramServicesAmt013
IRS990/AllOtherExpensesGrp/TotalAmt058
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0CELESTINO RUFFINI
IRS990/BooksInCareOfDetail/PhoneNum06083654838
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0656 PLEASANT STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0BELOIT
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0WI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd053511
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt02682
IRS990/CashNonInterestBearingGrp/EOYAmt03587
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0true
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0250
IRS990/CYGrantsAndSimilarPaidAmt01838
IRS990/CYInvestmentIncomeAmt012
IRS990/CYOtherExpensesAmt043054
IRS990/CYOtherRevenueAmt0-6153
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-50783
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt044892
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0-5891
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt0365
IRS990/DeferredRevenueGrp/EOYAmt01367
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt02459
IRS990/DepreciationDepletionGrp/ProgramServicesAmt013932
IRS990/DepreciationDepletionGrp/TotalAmt016391
IRS990/Desc0ACHIEVEMENT OF LEADING AND COORDINATE DEVELOPMENT PROJECTS IN THE GREATER BELOIT REGION THROUGH PUBLIC AND PRIVATE FUNDING, AS WELL AS MANAGE GRANT AND SPONSORSHIP PROGRAMS.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt038911
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt09435
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0CELESTINO RUFFINI
IRS990/Form990PartVIISectionAGrp/PersonNm1RON WHITLEY
IRS990/Form990PartVIISectionAGrp/PersonNm2DANIELLE MARX
IRS990/Form990PartVIISectionAGrp/PersonNm3SPENCER WAITE
IRS990/Form990PartVIISectionAGrp/PersonNm4ERICK WILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm5JESSICA SANTILLAN-REYES
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt090205
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01987
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/FundraisingDirectExpensesAmt06153
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GovernmentGrantsAmt0250
IRS990/GrantAmt01838
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt01838
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt01838
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0262
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt06
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InterestGrp/ManagementAndGeneralAmt03150
IRS990/InterestGrp/ProgramServicesAmt017851
IRS990/InterestGrp/TotalAmt021001
IRS990/InvestmentIncomeGrp/ExclusionAmt012
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt012
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt038957
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0751007
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0734617
IRS990/LandBldgEquipCostOrOtherBssAmt0773574
IRS990/LegalDomicileStateCd0WI
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO LEAD AND COORDINATE DESTINATION DEVELOPMENT PROJECTS IN THE GREATER BELOIT REGION THROUGH PUBLIC AND PRIVATE FUNDING, AS WELL AS MANAGE GRANT AND SPONSORSHIP PROGRAMS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0479106
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0462804
IRS990/NetAssetsOrFundBalancesBOYAmt090793
IRS990/NetAssetsOrFundBalancesEOYAmt0165459
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-6153
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt090793
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0165459
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0221
IRS990/OfficeExpensesGrp/ProgramServicesAmt0409
IRS990/OfficeExpensesGrp/TotalAmt0630
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt0125449
IRS990/OtherExpensesGrp/Desc0LEGACY PROGRAM SPONSORSHI
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS EXPENSES -
IRS990/OtherExpensesGrp/Desc2DONATED SERVICES
IRS990/OtherExpensesGrp/Desc3FEES-LICENSING & REGISTRA
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0106
IRS990/OtherExpensesGrp/ProgramServicesAmt03870
IRS990/OtherExpensesGrp/ProgramServicesAmt1197
IRS990/OtherExpensesGrp/ProgramServicesAmt2250
IRS990/OtherExpensesGrp/ProgramServicesAmt351
IRS990/OtherExpensesGrp/TotalAmt03870
IRS990/OtherExpensesGrp/TotalAmt1303
IRS990/OtherExpensesGrp/TotalAmt2250
IRS990/OtherExpensesGrp/TotalAmt351
IRS990/OtherWebsiteInd0X
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0CELESTINO RUFFINI
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt050
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt04550
IRS990/PYInvestmentIncomeAmt022
IRS990/PYOtherExpensesAmt0115839
IRS990/PYOtherRevenueAmt017882
IRS990/PYRevenuesLessExpensesAmt0-102435
IRS990/PYTotalExpensesAmt0120389
IRS990/PYTotalRevenueAmt017954
IRS990/ReconcilationRevenueExpnssAmt0-50783
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt025824
IRS990/SavingsAndTempCashInvstGrp/EOYAmt024545
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0PROMOTIONAL PARTICIPATION SPONSOR 45,245
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0250
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt050
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0397020
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt097275
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0494595
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt012
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt022
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt077
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0613
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0559
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01283
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01630448
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt023102
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt022143
IRS990ScheduleA/OtherIncome170Grp/TotalAmt045245
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.97760
IRS990ScheduleA/PublicSupportPY170Pct00.96140
IRS990ScheduleA/PublicSupportTotal170Amt02026581
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt0587157
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt0944829
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt01531986
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0250
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt050
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0984177
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01042104
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02026581
IRS990ScheduleA/TotalSupportAmt02073109
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0734617
IRS990ScheduleD/BuildingsGrp/DepreciationAmt038957
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0773574
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BELOIT CONVENTION AND VISITORS BUREAU CHARITABLE FOUNDATION, INC. IS A NONPROFIT ORGANIZATIONS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER INTERNAL REVENUE CODE SECTIONS 501(C)(3) AS OTHER THAN A PRIVATE FOUNDATION. AS A RESULT, THERE IS NO PROVISION FOR INCOME TAXES IN THE CONSOLIDATED FINANCIAL STATEMENTS. MANAGEMENT OF BELOIT CONVENTION AND VISITORS BUREAU CHARITABLE FOUNDATION, INC. HAS EVALUATED FOR AND DETERMINED THERE ARE NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2023. BELOIT CONVENTION AND VISITORS BUREAU CHARITABLE FOUNDATION, INC. IS SUBJECT TO INFORMATIONAL REPORTING REQUIREMENTS IN THE UNITED STATES FEDERAL JURISDICTION AND THE STATE OF WISCONSIN. TAX REGULATIONS WITHIN EACH JURISDICTION ARE SUBJECT TO THE INTERPRETATION OF THE RELATED TAX LAWS AND REGULATIONS AND REQUIRE SIGNIFICANT JUDGMENT TO APPLY. TAX RETURNS REMAIN OPEN FOR FEDERAL EXAMINATION FOR THE PAST THREE YEARS AND STATE EXAMINATION FOR THE PAST FOUR YEARS. AT DECEMBER 31, 2023, THERE ARE NO ONGOING INCOME TAX AUDITS OR UNRESOLVED DISPUTES WITH THE VARIOUS TAXING AUTHORITIES BELOIT CONVENTION AND VISITORS BUREAU CHARITABLE FOUNDATION, INC. CURRENTLY FILE, OR HAVE FILED, WITH.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0734617
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED BY THE CEO, EXTERNAL ACCOUNTANT, AND EXECUTIVE COMMITTEE AND IS APPROVED BY THE BOARD PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS SUBMIT A WRITTEN STATEMENT DESCRIBING ANY CONFLICTS OF INTEREST PRIOR TO BECOMING A MEMBER OF THE BOARD AND ANNUALLY REVIEW, UPDATE, AND RESUBMIT THE CONFLICT OF INTEREST STATEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS ARE MADE AVAILABLE TO INTERESTED PARTIES UPON REQUEST AND ARE AVAILABLE FOR PUBLIC INSPECTION ON THE ORGANIZATION'S WEBSITE AND GUIDESTAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TRANSFER TO VISIT BELOIT, INC. EIN 84-3531670 125,449
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0WI
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0784513
IRS990/TotalAssetsEOYAmt0762749
IRS990/TotalAssetsGrp/BOYAmt0784513
IRS990/TotalAssetsGrp/EOYAmt0762749
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0250
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt05981
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt038911
IRS990/TotalFunctionalExpensesGrp/TotalAmt044892
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0693720
IRS990/TotalLiabilitiesEOYAmt0597290
IRS990/TotalLiabilitiesGrp/BOYAmt0693720
IRS990/TotalLiabilitiesGrp/EOYAmt0597290
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt090793
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0165459
IRS990/TotalOtherCompensationAmt09435
IRS990/TotalProgramServiceExpensesAmt038911
IRS990/TotalRevenueGrp/ExclusionAmt012
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0-5891
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0784513
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0762749
IRS990/TotReportableCompRltdOrgAmt090205
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0656 PLEASANT STREET
IRS990/USAddress/CityNm0BELOIT
IRS990/USAddress/StateAbbreviationCd0WI
IRS990/USAddress/ZIPCd053511
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.VISITBELOIT.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CELESTINO RUFFINI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum06083654838
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-09-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BELOIT CONVENTION AND VISITORS
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0BUREAU CHARITABLE FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0BELO
ReturnHeader/Filer/EIN0391590764
ReturnHeader/Filer/PhoneNum06083654838
ReturnHeader/Filer/USAddress/AddressLine1Txt0656 PLEASANT STREET
ReturnHeader/Filer/USAddress/CityNm0BELOIT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd053511
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0391224176
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SIEPERT & CO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04278 E ROCKTON RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ROSCOE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd061073
ReturnHeader/PreparerPersonGrp/PhoneNum08156238818
ReturnHeader/PreparerPersonGrp/PreparationDt02024-09-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARK H TROTTER
ReturnHeader/ReturnTs02024-09-16T11:00:48-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$762,749
Liabilities
$597,290
Net assets
$165,459
Revenue
-$5,891
Expenses
$44,892
Net income
-$50,783
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.04$0.15$0.88$0.90$0.18$0.72
2023Detailed filing. Detailed filing data is available for this year.$0.76$0.60$0.17$0.01$0.04$0.05
2022Detailed filing. Detailed filing data is available for this year.$0.78$0.69$0.09$0.02$0.12$0.10
2021Detailed filing. Detailed filing data is available for this year.$0.76$0.70$0.06$0.00$0.22$0.22
2020Detailed filing. Detailed filing data is available for this year.$1.07$0.26$0.81$1.00$0.85$0.16
2019Detailed filing. Detailed filing data is available for this year.$0.78$0.13$0.65$1.07$1.03$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.70$0.09$0.61$1.02$1.04$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.75$0.11$0.64$0.91$0.92$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.74$0.09$0.64$0.88$0.74$0.14
2015Detailed filing. Detailed filing data is available for this year.$0.55$0.05$0.51$0.80$0.67$0.12
2014Detailed filing. Detailed filing data is available for this year.$0.45$0.07$0.39$0.77$0.90$0.12
2013Detailed filing. Detailed filing data is available for this year.$0.55$0.04$0.51$0.70$0.59$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.48$0.08$0.40$0.60
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.43$0.04$0.39$0.49
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.38$0.03$0.35$0.46