BELOIT PUBLIC LIBRARY FOUNDATION INC

EIN: 391587673 501(c)(3)

BELOIT, WI

Total Revenue
$108,695
Total Expenses
$408,536
Total Assets
$630,191
Net Assets
$365,032
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
WI
Principal Officer
JEFF ADAMS
Phone
6083460710
Tax Period
2024-01-01 to 2024-12-31

BELOIT PUBLIC LIBRARY FOUNDATION INC, founded in 1987, is a small nonprofit that reported $109K in total revenue in fiscal year 2024. Revenue surged 72% from the prior year, signaling strong growth momentum. Expenses of $409K exceeded revenue, resulting in a 276% operating deficit.

Mission

THE BELOIT PUBLIC LIBRARY FOUNDATION'S PURPOSE IS TO RAISE AND PROVIDE SUPPORT MONIES FOR THE BELOIT PUBLIC LIBRARY.

Program Service Accomplishments

Program 1
Expenses: $289,562

THE ORGANIZATION DOESN'T HAVE INDIVIDUAL PROGRAMS. THE SUPPORT OF THE BELOIT, WI PUBLIC LIBRARY IS THE ORGANIZTION'S ONLY PROGRAM.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $69,807
Program Service Revenue $0
Investment Income $38,888
Other Revenue $0
TOTAL REVENUE $108,695

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $1,391
Program Expenses $289,562
Other Expenses $408,536
TOTAL EXPENSES $408,536

Year-over-Year Comparison

2024 2023 Change
Revenue $108,695 $63,058 +0.7%
Expenses $408,536 $91,249 +3.5%
Net Income $-299,841 $-28,191 +9.6%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFF ADAMS PRESIDENT N/A
Officer Director
$0 $0 $0
NICK DIMASSIS BOARD MEMBER N/A
Director
$0 $0 $0
RACHELLE ELLIOTT BOARD MEMEBE N/A
Director
$0 $0 $0
LISA INGALLS EXECUTIVE DI N/A
Director
$0 $0 $0
MARY KAMINSKI TREASURER N/A
Director
$0 $0 $0
JAMIE KERAKA BOARD MEMEBE N/A
Director
$0 $0 $0
PAT KRAUSE BOARD MEMBER N/A
Director
$0 $0 $0
CURT LANSBERY VP/SECRETARY N/A
Officer Director
$0 $0 $0
ANGELA MOORE BOARD MEMBER N/A
Director
$0 $0 $0
RON WHITLEY BOARD MEMBER N/A
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $108,695 $408,536 $630,191 $-299,841
2023 $63,058 $91,249 $649,368 $-28,191
2022 $32,841 $41,915 $612,928 $-9,074
2021 $63,941 $38,925 $748,207 $25,016
2020 $238,805 $258,179 $683,719 $-19,374
2019 $110,270 $39,684 $703,022 $70,586
2018 $2,392 $91,604 $601,101 $-89,212
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