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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Community Improvement & Capacity Building The Greater Beloit Economic Development Corporation

The Greater Beloit Economic Development Corporation

Fiscal year ending 2024. Filed on June 4, 2025.

100 State Street
Beloit, Wisconsin 53511

The Greater Beloit Economic Development Corporation (EIN: 39-1981445) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, The Greater Beloit Economic Development Corporation, a 501(c)(3) charitable organization, reported compensation for 1 employee. Among the employees shown here, the average compensation is $174,033. The highest compensated employee at The Greater Beloit Economic Development Corporation is Drew Pennington with fiscal year 2024 compensation of $174,033.

Revenue, expenses, and employee compensation

Revenue

$161,789

Expenses

$177,560

Employee compensation

$0
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Drew Pennington
President and Chief Executive Officer
$174,033
$0 $133,740 $40,293

Benchmark Employee Compensation

Non-Employee Board Members

Alison Hess
Director
Ann Hankins
Vice Chair
Cole Weiser
Director
Collin Keeton
Director
Dan Risse
Director
Dr Dennis McCarthy
Director
Dr Frank Scholz
Director
Dr Kristi Cole
Director
Dr Tracy Pierner
Director
Dr Willie Garrison II
Director
Elizabeth Horvath
Director
Erica Daniels
Director

Mission Statement

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.

Revisions to this organization profile

June 4, 2025:
2024 The Greater Beloit Economic Development Corporation 990 filed
May 9, 2024:
2023 The Greater Beloit Economic Development Corporation 990 filed
October 11, 2023:
2022 The Greater Beloit Economic Development Corporation 990 filed

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