Nonprofit · EIN 39-1981445
THE GREATER BELOIT ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · BELOIT, WI 53511
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $188,640 | $161,123 | $27,517 | $1,288,533 | $0 | $1,288,533 |
| December 31, 2024 | 990 | $161,789 | $177,560 | -$15,771 | $1,261,016 | $0 | $1,261,016 |
| December 31, 2023 | 990 | $159,854 | $132,173 | $27,681 | $1,278,083 | $1,296 | $1,276,787 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $127,400
- Investment income
- $35,182
- Net rental income
- $26,058
- Net gain from sales of assets
- $27,247
- Other revenue
- $26,058
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $10,500
- Accounting fees
- $14,276
- Occupancy
- $8,004
- Travel
- $10
- Depreciation
- $2,198
- Program services (functional)
- $92,990
- Management and general (functional)
- $62,979
- Fundraising (functional)
- $5,154
Balance sheet and other
- Total assets, start of year
- $1,261,016
- Total assets, end of year
- $1,288,533
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,288,533
- Land, buildings and equipment
- $606,574
- Net assets without donor restrictions
- $1,288,533
- Gross unrelated business income
- $8,009
- Gross receipts
- $549,476
- Employees
- 0
- Volunteers
- 44
- Year formed
- 1999
- State of legal domicile
- WI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DREW PENNINGTON | PRESIDENT/CEO Officer | 20 | $0 | $144,522 | $40,442 |
| TIM OSWALD | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ANN HANKINS | VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MIKE POKEL | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| REGINA DUNKIN | IMMEDIATE PAST CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| ALISON HESS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ELIZABETH HORVATH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SETH FRISBEE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DR TRACY PIERNER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JERRY KLOBUCAR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| COLLIN KEETON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ROB RAMER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JERRY RITZERT | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DR KRISTI COLE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| COLE WEISER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
27 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHAWN SULLIVAN | DIRECTOR Trustee or director | 1 | $0 |
| DR WILLIE GARRISON II | DIRECTOR Trustee or director | 1 | $0 |
| DR DENNIS MCCARTHY | DIRECTOR Trustee or director | 1 | $0 |
| SONYA HOPPES | DIRECTOR Trustee or director | 1 | $0 |
| JEFF VOHS | DIRECTOR Trustee or director | 1 | $0 |
| HOMER AUGE | DIRECTOR Trustee or director | 1 | $0 |
| NANCY CLARK-MATHER | DIRECTOR Trustee or director | 1 | $0 |
| KEVIN KING | DIRECTOR Trustee or director | 1 | $0 |
| DAN RISSE | DIRECTOR Trustee or director | 1 | $0 |
| TIM WELLNITZ | DIRECTOR Trustee or director | 1 | $0 |
| NICK DIMASSIS | DIRECTOR Trustee or director | 1 | $0 |
| SCOTT KUNES | DIRECTOR Trustee or director | 1 | $0 |
| MARC PERRY | DIRECTOR Trustee or director | 1 | $0 |
| MARK RAND | DIRECTOR Trustee or director | 1 | $0 |
| TARA TINDER | DIRECTOR Trustee or director | 1 | $0 |
| JERRY GABRIELATOS | DIRECTOR Trustee or director | 1 | $0 |
| TAMI SCARPETTA | DIRECTOR Trustee or director | 1 | $0 |
| SHELBY VISINTIN | DIRECTOR Trustee or director | 1 | $0 |
| ANDREW ROGERS | DIRECTOR Trustee or director | 1 | $0 |
| ROSEANN HAEDT | DIRECTOR Trustee or director | 1 | $0 |
| FRANK MCKEARN | DIRECTOR Trustee or director | 1 | $0 |
| JARON COMBS | DIRECTOR Trustee or director | 1 | $0 |
| LAURA BENISCH | DIRECTOR Trustee or director | 1 | $0 |
| TIM LESLIE | DIRECTOR Trustee or director | 1 | $0 |
| NIK BUTENHOFF | DIRECTOR Trustee or director | 1 | $0 |
| DR WAYNE ANDERSON | DIRECTOR Trustee or director | 1 | $0 |
| ELIZABETH KRUEGER | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 45 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DREW PENNINGTON | PRESIDENT/CEO Officer | 20 | $0 | $133,740 | $40,293 |
| TIM OSWALD | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ANN HANKINS | VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MIKE POKEL | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| REGINA DUNKIN | IMMEDIATE PAST CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| ALISON HESS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOE CONTARINO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ELIZABETH HORVATH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TOM GILBANK | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SETH FRISBEE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ROB GERBITZ | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DR TRACY PIERNER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JERRY KLOBUCAR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| COLLIN KEETON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ROB RAMER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DR FRANK SCHOLZ | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JERRY RITZERT | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KEITH ROZOLIS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ERICA DANIELS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DR KRISTI COLE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| COLE WEISER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| RYAN STEUCK | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SHAWN SULLIVAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TOM VALENTYN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DR WILLIE GARRISON II | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DR DENNIS MCCARTHY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SONYA HOPPES | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KIMBERLY MUELLER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JEFF VOHS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| HOMER AUGE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| NANCY CLARK-MATHER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TOM FINLEY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KEVIN KING | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PETER MARSING | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SCOTT FISHER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAN RISSE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TIM WELLNITZ | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| NICK DIMASSIS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SCOTT KUNES | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MARC PERRY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MARK RAND | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TARA TINDER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JERRY GABRIELATOS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TAMI SCARPETTA | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SHELBY VISINTIN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 46 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DREW PENNINGTON | PRESIDENT/CEO Officer | 20 | $0 | $126,737 | $39,008 |
| REGINA DUNKIN | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| TIM OSWALD | VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MIKE POKEL | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| FRANK MCKEARN | IMMEDIATE PAST CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| ALLEN BREWER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOE CONTARINO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BILL ALT | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TOM GILBANK | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MATT FINLEY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SETH FRISBEE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ROB GERBITZ | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| RYAN GREENDEER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DR TRACY PIERNER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TODD JAMES | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| COLLIN KEETON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ROB RAMER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DR FRANK SCHOLZ | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JERRY RITZERT | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KEITH ROZOLIS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ERICA DANIELS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| RON WHITLEY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DR KRISTI COLE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| COLE WEISER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| RYAN STEUCK | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SHAWN SULLIVAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TOM VALENTYN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DR WILLIE GARRISON II | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DR DENNIS MCCARTHY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SONYA HOPPES | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KIMBERLY MUELLER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JEFF VOHS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| HOMER AUGE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| NANCY CLARK-MATHER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TOM FINLEY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KEVIN KING | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PETER MARSING | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SCOTT FISHER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAN RISSE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TIM WELLNITZ | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| NICK DIMASSIS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ANN HANKINS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MARC PERRY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MARK RAND | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TARA TINDER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JERRY GABRIELATOS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 100 STATE ST, BELOIT, WI 53511-6234
- In care of
- % ANDREW JANKE
- Principal officer (990 for 2025)
- DREW PENNINGTON, 100 STATE STREET, BELOIT, WI 53511
- Signed the 990
- DREW PENNINGTON, PRESIDENT/CEO
- Phone
- (608) 364-6610
- Website
- GREATERBELOITWORKS.COM
- Return prepared by
- WEGNER CPAS LLP
Mission
THE MISSION OF THE GREATER BELOIT ECONOMIC DEVELOPMENT CORPORATION ("CORPORATION") IS TO FOSTER INVESTMENT AND JOB GROWTH IN THE ECONOMY THEREBY IMPROVING THE QUALITY OF LIFE, EDUCATIONAL ATTAINMENT, HOUSING AVAILABILITY AND PROSPERITY FOR ALL IN THE GREATER BELOIT REGION.
Program accomplishments
- THE GREATER BELOIT ECONOMIC DEVELOPMENT CORPORATION'S PROGRAM SERVICES ARE ORGANIZED TO FOSTER INVESTMENT AND JOB GROWTH IN THE ECONOMY THEREBY IMPROVING THE QUALITY OF LIFE, EDUCATIONAL ATTAINMENT, HOUSING AVAILABILITY AND PROSPERITY FOR ALL IN THE GREATER BELOIT REGION.Expenses $92,990 · revenue $127,400
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 39-1981445
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2000
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $1,288,533
- Income (IRS master file)
- $549,476
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $188,640 | $161,123 | $1,288,533 | XML |
| 990-T | December 2025 | – | – | – | IRS |
| 990 | December 2024 | $161,789 | $177,560 | $1,261,016 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $159,854 | $132,173 | $1,278,083 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $238,569 | $165,845 | $1,249,106 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 39-1981445).
Questions about THE GREATER BELOIT ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of THE GREATER BELOIT ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of THE GREATER BELOIT ECONOMIC DEVELOPMENT CORPORATION is 39-1981445.
- Is THE GREATER BELOIT ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to THE GREATER BELOIT ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does THE GREATER BELOIT ECONOMIC DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE GREATER BELOIT ECONOMIC DEVELOPMENT CORPORATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE GREATER BELOIT ECONOMIC DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of THE GREATER BELOIT ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 names DREW PENNINGTON.
- Who are the officers and directors of THE GREATER BELOIT ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 lists 42 people; 0 received compensation from the organization.
- How much revenue does THE GREATER BELOIT ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $188,640, expenses of $161,123 and total assets of $1,288,533 at year end.
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- FRIENDS OF RIVERFRONT INC EIN 39-1808808 · last filed 990-EZ for 2024
- LA VOZ INC EIN 99-2182610 · last filed 990-N for 2025
- BELOIT CARES INC EIN 84-3903167 · last filed 990-N for 2024
- INTERMEDIATE WOMENS CLUB OF BELOIT EIN 23-7180734 · last filed 990-N for 2025
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All nonprofits in BELOIT · Wisconsin · Community improvement and capacity building