Civic Intelligence

The Greater Beloit Economic Development Corporation

990 • Fiscal year 2016 • EIN 39-1981445

Jan 01, 2016 to Dec 31, 2016 • Filed on Aug 28, 2017

100 State StreetBeloit, WI 53511

(608) 364-6610

Siviq Scores

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

Liabilities / Assets

87th percentile

0.39x

Higher debt load relative to assets than 87% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

97th percentile

1.49x

Higher debt load relative to revenue than 97% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

63rd percentile

9.4%

Higher net margin than 63% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

55th percentile

4.7%

Faster asset growth than 55% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

43rd percentile

-3.6%

Faster revenue growth than 43% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Up

$449,023

Up $19,982 (+4.7%) from 2015

Net Assets

Up

$274,344

Up $11,062 (+4.2%) from 2015

Liabilities

Up

$174,679

Up $8,920 (+5.4%) from 2015

Revenue

Down

$117,498

Down $4,348 (-3.6%) from 2015

Expenses

Down

$106,436

Down $9,104 (-7.9%) from 2015

Net Income

Up

$11,062

Up $4,756 (+75%) from 2015

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $565,772Liabilities 2010: $148,342Net Assets 2010: $417,4302010Assets 2011: $524,592Liabilities 2011: $144,546Net Assets 2011: $380,0462011Assets 2012: $581,329Liabilities 2012: $157,634Net Assets 2012: $423,6952012Assets 2013: $633,812Liabilities 2013: $185,212Net Assets 2013: $448,6002013Assets 2014: $628,074Liabilities 2014: $371,098Net Assets 2014: $256,9762014Assets 2015: $429,041Liabilities 2015: $165,759Net Assets 2015: $263,2822015Assets 2016: $449,023Liabilities 2016: $174,679Net Assets 2016: $274,3442016Assets 2017: $3,501,714Liabilities 2017: $144,171Net Assets 2017: $3,357,5432017Assets 2018: $3,545,786Liabilities 2018: $127,179Net Assets 2018: $3,418,6072018Assets 2019: $2,826,496Liabilities 2019: $100,356Net Assets 2019: $2,726,1402019Assets 2020: $1,541,749Liabilities 2020: $15,985Net Assets 2020: $1,525,7642020Assets 2021: $1,185,539Liabilities 2021: $9,157Net Assets 2021: $1,176,3822021Assets 2022: $1,249,106Liabilities 2022: $0Net Assets 2022: $1,249,1062022Assets 2023: $1,278,083Liabilities 2023: $1,296Net Assets 2023: $1,276,7872023Assets 2024: $1,261,016Liabilities 2024: $0Net Assets 2024: $1,261,0162024

Highlighted filing

2016

Assets$449,023
Liabilities$174,679
Net Assets$274,344

Operations Trend

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

$1.0M$500K$0-$500K-$1.0MExpenses 2010: $110,1112010Expenses 2011: $128,0842011Expenses 2012: $95,7392012Revenue 2013: $134,585Expenses 2013: $109,680Net Income 2013: $24,9052013Revenue 2014: $128,098Expenses 2014: $319,722Net Income 2014: -$191,6242014Revenue 2015: $121,846Expenses 2015: $115,540Net Income 2015: $6,3062015Revenue 2016: $117,498Expenses 2016: $106,436Net Income 2016: $11,0622016Revenue 2017: $170,741Expenses 2017: $148,840Net Income 2017: $21,9012017Revenue 2018: $131,030Expenses 2018: $69,965Net Income 2018: $61,0652018Revenue 2019: $119,016Expenses 2019: $79,340Net Income 2019: $39,6762019Revenue 2020: $101,293Expenses 2020: $610,851Net Income 2020: -$509,5582020Revenue 2021: $106,256Expenses 2021: $455,638Net Income 2021: -$349,3822021Revenue 2022: $238,569Expenses 2022: $165,845Net Income 2022: $72,7242022Revenue 2023: $159,854Expenses 2023: $132,173Net Income 2023: $27,6812023Revenue 2024: $161,789Expenses 2024: $177,560Net Income 2024: -$15,7712024

Highlighted filing

2016

Revenue$117,498
Expenses$106,436
Net Income$11,062
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Aug 28, 2017
Return Version
2016v3.0
Gross Receipts
$117,498
Mission and Program Overview

Mission

Greater beloit economic development corporation (gbedc) is to act as the primary organization coordinating, facilitating and implementing economic development activities in the greater beloit area. Gbedc was organized to relieve poverty, eliminate prejudice, lessen neighborhood tensions and combat community deterioraton in the greater beloit area by fostering retention, recruitment, development, and the expansion of greater beloit area businesses through a program of financial assistance, education and other aid designed to improve economic conditions and economic opportunities within the greater beloit region.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$264,146$248,909▼ $15,237
Savings and Temporary Cash Investments$50,830$122,537▲ $71,707
Cash and Non-Interest-Bearing Accounts$113,105$76,617▼ $36,488
Prepaid Expenses and Deferred Charges$960$960→ $0
Total Assets$429,041$449,023▲ $19,982
Liabilities
Mortgage Notes Payable Secured by Investment Property$120,359$113,264▼ $7,095
Deferred Revenue$45,400$54,815▲ $9,415
Accounts Payable and Accrued Expenses-$6,600-
Total Liabilities$165,759$174,679▲ $8,920
Net Assets / Fund Balance
Unrestricted Net Assets$263,282$274,344▲ $11,062
Total Net Assets Fund Balance$263,282$274,344▲ $11,062
Total Liabilities and Net Assets / Fund Balance$429,041$449,023▲ $19,982

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$220,637$116,631$337,268
Land$25,000-$25,000
Other Land Buildings$2,800$17,200$20,000
Equipment$472$19,502$19,974
Compensation and Service Providers

Board Members and Trustees

NameTitle
Keith KruseChair
Brian AndersonVice Chair
ALI SHANA'ADirector
Arlyn EdrmannDirector
Brian MorelloDirector
Diane GreenleeDirector
Dr Thomas EckertDirector
Ed HansenDirector
Frank MckearnDirector
James EganDirector
Jerry KlobucarDirector
Joe StadelmanDirector
John FranksDirector
John PatchDirector
Kevin DayDirector
Lori LutherDirector
Mike BuaDirector
Pete UnderwoodDirector
Rob GerbitzDirector
Ron WhitleyDirector
Ted RehlDirector
Tom FinleyDirector
Tom GilbankDirector
Tom JohnsonDirector
Andrew JankeExecutive Di
Jeff KlettImmediate Pa
Todd JamesSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$69,080
Program Service Revenue
$0
Investment Income
$221
Other Revenue
$48,197
Change in Net Assets
$11,062

Audited Revenue Reconciliation

Revenue per Audited Statements
$117,498
Total Revenue per Audited Statements
$117,498
Total Revenue per Form 990
$117,498
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$106,436
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management-$30,289-$30,289
Occupancy$13,257$6,611-$19,868
Depreciation Depletion-$15,237-$15,237
Advertising$8,387$3,619-$12,006
Interest-$6,374-$6,374
Fees for Services Accounting$38$5,845-$5,883
Insurance-$3,961-$3,961
Conferences and Meetings-$3,802-$3,802
Office Expenses-$2,766-$2,766
Fees for Services Other$1,184$1,180-$2,364
Travel-$921-$921
All Other Expenses$159$106-$265
Other Expenses$245$330-$245
Total Functional Expenses$23,270$83,166$0$106,436

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$106,436
Total Expenses per Audited Statements$106,436
Total Expenses per Form 990$106,436
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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 family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

Staff reviews and approves the form 990, which is prepared by the auditor, prior to filing.

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

Executive comittee members are required to review and sign a conflict of interest policy when they become members of that committee. The monitoring of the policy is done on an annual basis.

Form 990, Page 6, Part VI, Line 15A

N/a - no paid officers or employees.

Form 990, Page 6, Part VI, Line 19

Documents are made available upon the request of interested parties via mail or email.

Filing and Contact Details

Filer

Filer Name
Greater Beloit Economic Development
EIN
39-1981445
Phone
6083646610
Address
100 STATE STREET, BELOIT, WI 53511

Signing Officer

Name
Keith Kruse
Title
Chair
Phone
6083646610
Signed
2017-08-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Keith Kruse
Formed
2005
Legal Domicile
Wi
Voting Board Members
26
Independent Board Members
26
Employees
0
Volunteers
45

Preparer

Firm
Siepert & Co Llp
Address
1920 WEST HART ROAD, BELOIT, WI 53511
Preparer
Dennis E Hildebrandt
Phone
6083652266
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Greater beloit economic development corporation (gbedc) is to act as the primary organization coordinating, facilitating and implementing economic development activities in the greater beloit area. Gbedc was organized to relieve poverty, eliminate prejudice, lessen neighborhood tensions and combat community deterioraton in the greater beloit area by fostering retention, recruitment, development, and the expansion of greater beloit area businesses through a program of financial assistance, education and other aid designed to improve economic conditions and economic opportunities within the greater beloit region.

Form 990, Page 2, Part III, Line 4D

The organization does not maintain separate programs. All activities are directly related to the primary exempt purpose.

Raw XML AppendixShowing 400 of 499 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/EOYAmt06600
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0GREATER BELOIT ECONOMIC DEVELOPMENT CORPORATION (GBEDC) IS TO ACT AS THE PRIMARY ORGANIZATION COORDINATING, FACILITATING AND IMPLEMENTING ECONOMIC DEVELOPMENT ACTIVITIES IN THE GREATER BELOIT AREA. GBEDC WAS ORGANIZED TO RELIEVE POVERTY, ELIMINATE PREJUDICE, LESSEN NEIGHBORHOOD TENSIONS AND COMBAT COMMUNITY DETERIORATON IN THE GREATER BELOIT AREA BY FOSTERING RETENTION, RECRUITMENT, DEVELOPMENT, AND THE EXPANSION OF GREATER BELOIT AREA BUSINESSES THROUGH A PROGRAM OF FINANCIAL ASSISTANCE, EDUCATION AND OTHER AID DESIGNED TO IMPROVE ECONOMIC CONDITIONS AND ECONOMIC OPPORTUNITIES WITHIN THE GREATER BELOIT REGION.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt03619
IRS990/AdvertisingGrp/ProgramServicesAmt08387
IRS990/AdvertisingGrp/TotalAmt012006
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0106
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0159
IRS990/AllOtherExpensesGrp/TotalAmt0265
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0MR ANDREW JANKE
IRS990/BooksInCareOfDetail/PhoneNum06083646610
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0100 STATE STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0BELOIT
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0WI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd053511
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0113105
IRS990/CashNonInterestBearingGrp/EOYAmt076617
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt03802
IRS990/ConferencesMeetingsGrp/TotalAmt03802
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt069080
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0221
IRS990/CYOtherExpensesAmt0106436
IRS990/CYOtherRevenueAmt048197
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt011062
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0106436
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0117498
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt045400
IRS990/DeferredRevenueGrp/EOYAmt054815
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt015237
IRS990/DepreciationDepletionGrp/TotalAmt015237
IRS990/Desc0THE ORGANIZATION DOES NOT MAINTAIN SEPARATE PROGRAMS. ALL ACTIVITIES ARE DIRECTLY RELATED TO THE PRIMARY EXEMPT PURPOSE.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt023270
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt05845
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt038
IRS990/FeesForServicesAccountingGrp/TotalAmt05883
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt030289
IRS990/FeesForServicesManagementGrp/TotalAmt030289
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt01180
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt01184
IRS990/FeesForServicesOtherGrp/TotalAmt02364
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd15X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd16X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd17X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd18X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd19X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd20X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd21X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd22X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd23X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd24X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd25X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt190
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt200
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt210
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt220
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt230
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt240
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt250
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt260
IRS990/Form990PartVIISectionAGrp/PersonNm0TOM FINLEY
IRS990/Form990PartVIISectionAGrp/PersonNm1JAMES EGAN
IRS990/Form990PartVIISectionAGrp/PersonNm2JOHN PATCH
IRS990/Form990PartVIISectionAGrp/PersonNm3JOE STADELMAN
IRS990/Form990PartVIISectionAGrp/PersonNm4PETE UNDERWOOD
IRS990/Form990PartVIISectionAGrp/PersonNm5ALI SHANA'A
IRS990/Form990PartVIISectionAGrp/PersonNm6ROB GERBITZ
IRS990/Form990PartVIISectionAGrp/PersonNm7KEVIN DAY
IRS990/Form990PartVIISectionAGrp/PersonNm8KEITH KRUSE
IRS990/Form990PartVIISectionAGrp/PersonNm9JERRY KLOBUCAR
IRS990/Form990PartVIISectionAGrp/PersonNm10FRANK MCKEARN
IRS990/Form990PartVIISectionAGrp/PersonNm11ARLYN EDRMANN
IRS990/Form990PartVIISectionAGrp/PersonNm12BRIAN ANDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm13TODD JAMES
IRS990/Form990PartVIISectionAGrp/PersonNm14ED HANSEN
IRS990/Form990PartVIISectionAGrp/PersonNm15TOM JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm16BRIAN MORELLO
IRS990/Form990PartVIISectionAGrp/PersonNm17MIKE BUA
IRS990/Form990PartVIISectionAGrp/PersonNm18DR THOMAS ECKERT
IRS990/Form990PartVIISectionAGrp/PersonNm19JEFF KLETT
IRS990/Form990PartVIISectionAGrp/PersonNm20LORI LUTHER
IRS990/Form990PartVIISectionAGrp/PersonNm21TOM GILBANK
IRS990/Form990PartVIISectionAGrp/PersonNm22RON WHITLEY
IRS990/Form990PartVIISectionAGrp/PersonNm23TED REHL
IRS990/Form990PartVIISectionAGrp/PersonNm24JOHN FRANKS
IRS990/Form990PartVIISectionAGrp/PersonNm25DIANE GREENLEE
IRS990/Form990PartVIISectionAGrp/PersonNm26ANDREW JANKE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt260
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt13SECRETARY/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19IMMEDIATE PA
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26EXECUTIVE DI
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02005
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt026
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0117498
IRS990/GrossRentsGrp/RealAmt044188
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt026
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt03961
IRS990/InsuranceGrp/TotalAmt03961
IRS990/InterestGrp/ManagementAndGeneralAmt06374
IRS990/InterestGrp/TotalAmt06374
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0221
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0221
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0153333
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0264146
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0248909
IRS990/LandBldgEquipCostOrOtherBssAmt0402242
IRS990/LegalDomicileStateCd0WI
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt069080
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0GREATER BELOIT ECONOMIC DEVELOPMENT CORPORATION (GBEDC) IS TO ACT AS THE PRIMARY ORGANIZATION COORDINATING, FACILITATING AND IMPLEMENTING ECONOMIC DEVELOPMENT ACTIVITIES IN THE GREATER BELOIT AREA. GBEDC WAS ORGANIZED TO RELIEVE POVERTY, ELIMINATE PREJUDICE, LESSEN NEIGHBORHOOD TENSIONS AND COMBAT COMMUNITY DETERIORATON IN THE GREATER BELOIT AREA BY FOSTERING RETENTION, RECRUITMENT, DEVELOPMENT, AND THE EXPANSION OF GREATER BELOIT AREA BUSINESSES THROUGH A PROGRAM OF FINANCIAL ASSISTANCE, EDUCATION AND OTHER AID DESIGNED TO IMPROVE ECONOMIC CONDITIONS AND ECONOMIC OPPORTUNITIES WITHIN THE GREATER BELOIT REGION.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0120359
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0113264
IRS990/NetAssetsOrFundBalancesBOYAmt0263282
IRS990/NetAssetsOrFundBalancesEOYAmt0274344
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt044188
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt044188
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt06611
IRS990/OccupancyGrp/ProgramServicesAmt013257
IRS990/OccupancyGrp/TotalAmt019868
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02766
IRS990/OfficeExpensesGrp/TotalAmt02766
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0MEALS & ENTERTAINMENT-MGM
IRS990/OtherExpensesGrp/Desc1REPAIRS - 520 E. GRAND-MG
IRS990/OtherExpensesGrp/Desc2SUBSCRIPTIONS & REPORTS-M
IRS990/OtherExpensesGrp/Desc3BUS. EDUC. MOCK INTERVIEW
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01614
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1511
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2330
IRS990/OtherExpensesGrp/ProgramServicesAmt0245
IRS990/OtherExpensesGrp/TotalAmt01614
IRS990/OtherExpensesGrp/TotalAmt1511
IRS990/OtherExpensesGrp/TotalAmt2330
IRS990/OtherExpensesGrp/TotalAmt3245
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt04009
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt04009
IRS990/OtherRevenueTotalAmt04009
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0960
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0960
IRS990/PrincipalOfficerNm0KEITH KRUSE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActyOtherGrp/Desc0THE ORGANIZATION DOES NOT MAINTAIN SEPARATE PROGRAMS. ALL ACTIVITIES ARE DIRECTLY RELATED TO THE PRIMARY EXEMPT PURPOSE.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt065817
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0385
IRS990/PYOtherExpensesAmt0115540
IRS990/PYOtherRevenueAmt055644
IRS990/PYRevenuesLessExpensesAmt06306
IRS990/PYTotalExpensesAmt0115540
IRS990/PYTotalRevenueAmt0121846
IRS990/ReconcilationRevenueExpnssAmt011062
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt044188
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt050830
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0122537
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 9,733
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt069080
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt065817
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt060650
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt066561
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt068831
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0330939
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt044188
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt048085
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt066005
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt067287
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt069116
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0294681
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt04230
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt04009
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt02091
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt01443
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0737
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt01453
IRS990ScheduleA/OtherIncome170Grp/TotalAmt09733
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.52090
IRS990ScheduleA/PublicSupportPY170Pct00.54540
IRS990ScheduleA/PublicSupportTotal170Amt0330939
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt069080
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt065817
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt060650
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt066561
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt068831
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0330939
IRS990ScheduleA/TotalSupportAmt0635353
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0220637
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0116631
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0337268
IRS990ScheduleD/EquipmentGrp/BookValueAmt0472
IRS990ScheduleD/EquipmentGrp/DepreciationAmt019502
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt019974
IRS990ScheduleD/ExpensesSubtotalAmt0106436
IRS990ScheduleD/LandGrp/BookValueAmt025000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt025000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02800
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt017200
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt020000
IRS990ScheduleD/RevenueSubtotalAmt0117498
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0248909

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.26$0.00$1.26$0.16$0.18$0.02
2023Detailed filing. Detailed filing data is available for this year.$1.28$0.00$1.28$0.16$0.13$0.03
2022Detailed filing. Detailed filing data is available for this year.$1.25$0.00$1.25$0.24$0.17$0.07
2021Detailed filing. Detailed filing data is available for this year.$1.19$0.01$1.18$0.11$0.46$0.35
2020Detailed filing. Detailed filing data is available for this year.$1.54$0.02$1.53$0.10$0.61$0.51
2019Detailed filing. Detailed filing data is available for this year.$2.83$0.10$2.73$0.12$0.08$0.04
2018Detailed filing. Detailed filing data is available for this year.$3.55$0.13$3.42$0.13$0.07$0.06
2017Detailed filing. Detailed filing data is available for this year.$3.50$0.14$3.36$0.17$0.15$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.45$0.17$0.27$0.12$0.11$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.43$0.17$0.26$0.12$0.12$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.63$0.37$0.26$0.13$0.32$0.19
2013Detailed filing. Detailed filing data is available for this year.$0.63$0.19$0.45$0.13$0.11$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.58$0.16$0.42$0.10
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.52$0.14$0.38$0.13
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.57$0.15$0.42$0.11