Beloit Historical Society

Nonprofit profile at a glance

EIN
396053742
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Beloit, WI, USA
Phone
6083657835
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$542,132
Expenses
$195,559
Assets
$1,730,732
Liabilities
$7,223

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • RICHARD DEXTER (PRESIDENT)
  • JACKIE JACKSON (VICE-PRESIDENT)
  • DONNA LANGFORD (EXECUTIVE DIRECTOR/SECRETARY)

Highest reported compensation

  • DONNA LANGFORD (EXECUTIVE DIRECTOR/SECRETARY): $48,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of the beloit historical society is: connecting people with beloit's history to inspire an inclusive, informed, and engaged community.

What it reported doing in 2024

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 recognizes 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.

Operating model

Revenue model
Grant-funded. 62% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 42
  • Transparency & Controls: 92
  • Accountability: 95
  • Sustainability: 81
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 33.8%; rating input score 34
  • Program expense ratio: 51.3%; rating input score 51
  • Fundraising efficiency: $18.42 raised per $1 spent on fundraising; rating input score 56; 56th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 63.9%; rating input score 95; 95th percentile among comparable filings
  • Total-asset coverage ratio: 8.85; rating input score 91; 91st percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 74; 74th percentile among comparable filings
  • Officer compensation ratio: 24.5%; rating input score 10; 10th percentile among comparable filings

Growth

  • Program expense growth: 0.4% per year; rating input score 100; 19th percentile among comparable filings
  • Revenue growth: 3.7% per year; rating input score 100; 35th percentile among comparable filings
  • Asset growth: 5.8% per year; rating input score 100; 42nd percentile among comparable filings

Details

  • Where the money goes: 33.8% of revenue deployed · 51.3% of spending went to programs
  • Governance: 10 of 10 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $100K in reported program spending
  • Leadership: top reported pay $48K · 12 people listed
  • Consistency: 29 of 29 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 7 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 34/100.
  • Review — Financial Efficiency: Program expense ratio scored 51/100.
  • Review — Financial Efficiency: Fundraising efficiency scored 56/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Officer compensation ratio scored 10/100.