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Beloit 2020 Corporation

EIN 36-3691397 · Beloit, WI

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair64 out of 100GovernanceFair61 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

CIVIC IMPROVEMENTS - BELOIT, WI RIVERFRONT, CONFLUENCE, CITY CENTER AND OTHER COMMUNITY PROJECTS.

Income
$293,928
Spending
$382,678
Spent on programs
63%
Reserves
12.8 months of spending
Largest source of income
donations and private grants, 75%
Employees
0
Volunteers
6
Highest pay
$48,000, ceo

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 64 out of 100. Higher than 35% of charities in its peer group (community improvement, $250k to $1m).

  • Reserves

    35 of 35

    Spendable reserves would cover 12.8 months of spending.

  • Debt

    16 of 20

    It owes 18% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 30% of income.

  • Income trend

    5 of 15

    Income fell 18% on the year before.

  • Spending floor

    8 of 15

    63% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Fair: 61 out of 100. Higher than 28% of charities in its peer group (community improvement, $250k to $1m).

  • Independent board

    25 of 25

    18 of 18 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    6 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (5)
  1. $56,472 spent. FUNDS WERE EXPENDED TO CONTINUE THE NATURE AT THE CONFLUENCE ACTIVITIES IN SOUTH BELOIT.
  2. $75,000 spent. CONTRIBUTION TO ACTS HOUSING TOWARD OPERATIONS FOR PROGRAM TO PURCHASE, REHABILITATE AND RESELL BELOIT HOUSING TO QUALIFIED INDIVIDUALS.
  3. $71,928 spent. 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
  4. $37,090 spent. OTHER PROGRAM SERVICE EXPENSES REPRESENT OCCUPANCY COSTS FOR THE FACILITY WHICH SERVES AS THE MAILING ADDRESS AND ALSO HOUSES THE ACTS HOUSING ORGANIZATION WHICH IS BEING SUPPORTED BY BELOIT 2020 CORPORATION AND ALSO A 3,750 CONTRIBUTION TOWARD THE REPAIR OF SLU THE TURTLE IN RIVERSIDE PARK.
  5. OTHER PROGRAM SERVICE EXPENSES REPRESENT OCCUPANCY COSTS FOR THE FACILITY WHICH SERVES AS THE MAILING ADDRESS AND ALSO HOUSES THE ACTS HOUSING ORGANIZATION WHICH IS BEING SUPPORTED BY BELOIT 2020 CORPORATION AND ALSO A 3,750 CONTRIBUTION TOWARD THE REPAIR OF SLU THE TURTLE IN RIVERSIDE PARK.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since September 1990.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.