Family Promise of Greater Beloit Inc
Nonprofit profile at a glance
- EIN
- 392035122
- IRS 990 coverage
- 2020–2024
- Forms available
- Form 990 2024
- Location
- Beloit, WI, USA
- Phone
- 6083630683
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Human Service Organizations
Reported finances
- Revenue
- $510,827
- Expenses
- $447,639
- Assets
- $1,041,389
- Liabilities
- $167,514
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- JUDY NUPNAU (PRESIDENT)
People named in this filing
- MIKE CLARK (DIRECTOR)
- ANTHONY CULVER (DIRECTOR)
- ED HANSON (VICE-PRESIDE)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Provide shelter, food, clothing, and life skills to families facing homelessness and helping them become self sufficient members of the greater beloit community.
What it reported doing in 2024
Provided food and shelter to 136 family members. Motel expenses declined 71% as shelter services shifted from motels to the new fixed site. Overall expenses increased by 3% due to the added leased space and for additional staff to provide oversight and security. Three meals, including one hot meal, were provided to the families each day from a combination of volunteer congregations and distributed food cards. Provided case management services to the families that were receiving shelter or rental assistance. The case management services assist families to graduate into housing and become self sufficient by: (1) finding housing by introducing them to landlords or available housing units; (2) finding employment or other sources of income by building a resume and learning how to interview; (3) learning and understanding basic financial literacy and household budgeting; (4) understanding the keys to being a good tentant so that a landloard prefers them as a potential tenant; and (finding) third party child care and alternative options to fund child care.
Operating model
- Revenue model
- Grant-funded. 84% of the money available for current operations came from government grants.
- Distribution model
- Direct operator. The filing allocates 89% 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
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 70
- Transparency & Controls: 94
- Accountability: 88
- Sustainability: 65
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 74.6%; rating input score 75
- Program expense ratio: 84.4%; rating input score 84
- Fundraising efficiency: Limited
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: 100%; rating input score 100; 76th percentile among comparable filings
- 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: 5 of 7 controls in place; rating input score 71
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 12.4%; rating input score 66; 66th percentile among comparable filings
- Total-asset coverage ratio: 2.33; rating input score 69; 69th percentile among comparable filings
- Liabilities to assets ratio: 0.16; rating input score 35; 35th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 17.4% per year; rating input score 100; 79th percentile among comparable filings
- Revenue growth: 10% per year; rating input score 100; 66th percentile among comparable filings
- Asset growth: 34.5% per year; rating input score 100; 93rd percentile among comparable filings
Details
- Where the money goes: 74.6% of revenue deployed · 84.4% of spending went to programs
- Governance: 10 of 10 board members independent · 5 of 7 filing controls reported
- Programs: 3 filed program accomplishments · $378K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 31 of 31 current checks pass
- Schedules: 7 filed schedules · includes major donors and grants
- Filing history: 5 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- 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.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- Moderate — Sustainability: Liabilities to assets ratio scored 35/100.