Beloit Historical Society
- Assets
- $1.3m
- Revenue
- $160.6k
- Investments
- $106.9k
- Employees
- 3
- Location
- Beloit, WI
- Founding
- 08/1966
- Data as of
- 12/2023
- EIN
- 39-6053742
Organization Overview
Beloit Historical Society is located in Beloit, WI. The organization was established in 1966. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Beloit Historical Society employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beloit Historical Society is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Beloit Historical Society generated $160.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (22.8%) each year. All expenses for the organization totaled $176.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO COLLECT AND PRESERVE THE ARCHAEOLOGY, BUILDINGS, RECORDS AND OBJECTS RELATING TO THE HISTORY OF THE CITY OF BELOIT AND ITS SURROUNDING AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICES INCLUDE THE OPERATION AND RESTORATION OF THE HANCHETT-BARTLETT HOMESTEAD AND MUSEUM, PROVIDING EXHIBITS OF LOCAL HISTORICAL VALUE AND PROGRAMS FOR THE PUBLIC REGARDING LOCAL HISTORICAL EVENTS, MAINTAINING ARCHIVES, AND PROVIDING HISTORICAL PRESERVATION CONSULTATION. OUR MAJOR PROGRAM OF SERVICE IS PUBLIC EDUCATION. THIS IS MAINLY ACCOMPLISHED THROUGH EXHIBITS AT THE LINCOLN CENTER WHERE WE HAVE A ROTATING SERIES OF SMALL EXHIBITS DURING THE YEAR. WE ALSO HAVE ANNUAL PROGRAMS THAT FEATURE HISTORICAL TOPICS THAT ARE AVAILABLE TO THE SOCIETY MEMBERSHIP AND GENERAL PUBLIC. IN ADDITION, HOUSED IN THE LINCOLN CENTER IS THE SPORTS HALL OF FAME AND THE BELOIT HISTORICAL SOCIETY HALL OF FAME WHICH RECOGNIZE SIGNIFICANT CONTRIBUTIONS FROM INDIVIDUALS TO THE CITY OF BELOIT. A SECOND MAJOR PROGRAM IS THE CARE AND HOUSING OF OUR COLLECTIONS AT OUR HEADQUARTERS BUILDING LINCOLN CENTER. THESE COLLECTIONS OF OBJECTS, BOOKS, PAPERS, ETC. FORM THE FOUNDATION OF ALL OTHER SERVICES AND PROGRAMMING WE PROVIDE. WE HANDLE HUNDREDS OF RESEARCH REQUESTS FOR GENEALOGICAL AND HISTORICAL INFORMATION. OUR PHOTOGRAPHIC COLLECTIONS ARE USED WIDELY BY LOCAL BUSINESSES AND THE GENERAL PUBLIC. A THIRD MAJOR PROGRAM SERVICE IS THE MAINTENANCE AND CARE OF THE NATIONAL REGISTER OF HISTORICAL PLACES LISTED HANCHETT-BARTLETT HOMESTEAD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Dexter President | OfficerTrustee | 8 | $0 |
Jackie Jackson Vice President | OfficerTrustee | 5 | $0 |
Richard Gerhard Treasurer (thru July)/director (beg Aug) | Trustee | 2 | $0 |
Tom Larsen Director (thru July)/treasurer (beg Aug) | OfficerTrustee | 3 | $0 |
Ellen Joyce Director | Trustee | 3 | $0 |
Betsy Schmiechen Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $5,940 |
| Related organizations | $0 |
| Government grants | $22,482 |
| All other contributions, gifts, grants, and similar amounts not included above | $74,400 |
| Noncash contributions included in lines 1a–1f | $467 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $102,822 |
| Total Program Service Revenue | $23,650 |
| Investment income | $23,934 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $225 |
| Net Gain/Loss on Asset Sales | $14,280 |
| Net Income from Fundraising Events | -$5,245 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $667 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $160,593 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $46,000 |
| Compensation of current officers, directors, key employees. | $23,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,807 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,876 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,203 |
| Fees for services: Other | $5,328 |
| Advertising and promotion | $500 |
| Office expenses | $13,315 |
| Information technology | $556 |
| Royalties | $0 |
| Occupancy | $29,099 |
| Travel | $652 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $556 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,920 |
| Insurance | $13,651 |
| All other expenses | $8 |
| Total functional expenses | $176,177 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $146 |
| Savings and temporary cash investments | $95,723 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,129 |
| Prepaid expenses and deferred charges | $818 |
| Net Land, buildings, and equipment | $152,360 |
| Investments—publicly traded securities | $872,001 |
| Investments—other securities | $106,908 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $71,145 |
| Total assets | $1,300,230 |
| Accounts payable and accrued expenses | $6,487 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,487 |
| Net assets without donor restrictions | $936,463 |
| Net assets with donor restrictions | $357,280 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,300,230 |