Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1990.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
63 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
19 people listed on the 990; $48K paid to officers and key staff.
Kerry Frank’s $48K as CEO is at the 27th percentile of top reported officer pay among 1708 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Kerry Frank | $48,000 | $48,000 | $48,000 | $36,000 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Improves Beloit's riverfront, city center, and other community spaces.
Questions for Beloit 2020 Corporation
Your first name shows with your question. Beloit 2020 Corporation answers here, for everyone.
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Contribution to acts housing toward operations for program to purchase, rehabilitate and resell beloit housing to qualified individuals.
Contributions for the benfefit of the city of south beloit in connection with - acquatics feasibility study for the community - 31,928 gateway master plan - 40,000
Funds were expended to continue the nature at the confluence activities in south beloit.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $399K | $299K |
| InvestmentsLn 11–13 | $3.2M | $2.5M |
| Land, buildings, equipmentLn 10c | $50K | $37K |
| Total assetsLn 16 | $3.8M | $4.2M |
| LiabilitiesLn 26 | $501K | $763K |
| Net assetsLn 32 | $3.3M | $3.5M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $207K | $207K | ||
| Management feesLn 11a | $74K | $74K | ||
| Legal feesLn 11b | $1K | $1K | ||
| Accounting feesLn 11c | $14K | $14K | ||
| Investment management feesLn 11f | $20K | $20K | ||
| OccupancyLn 16 | $43K | $26K | $17K | |
| Depreciation, depletion and amortizationLn 22 | $13K | $8K | $5K | |
| InsuranceLn 23 | $7K | $7K | ||
| Other expenses (24a–d)Ln 24 | $3K | $3K | ||
| Total functional expensesLn 25 | $383K | $240K | $142K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $294K | $383K | −$89K | $3.5M | 990 PDF |
| FY2024 | $358K | $200K | $158K | $3.3M | 990 PDF |
| FY2023 | $231K | $213K | $18K | $3.0M | 990 PDF |
| FY2022 | $245K | $212K | $32K | $2.8M | 990 PDF |
| FY2021 | $236K | $231K | $5K | $3.1M | 990 PDF |
| FY2020 | $125K | $354K | −$229K | $2.7M | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $293,928 revenue, 12 lines filed
Part VI · Governance 18 of 18 board members independent, 3 to look at
Part VIII · Statement of revenue $293,928 across 7 lines filed
Part IX · Statement of functional expenses $382,678 across 9 lines filed
Part X · Balance sheet $4,223,383 assets, 15 lines filed
Part XI · Reconciliation of net assets $3,460,268 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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