EIN 39-1814812

Regal Beloit Charitable Foundation

Name: Regal Beloit Charitable Foundation financials for 2022
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

Grantmaking|Financials|Peers

IRS 501(c) type

501(c)(3)

Num. employees

City

Milwaukee

State

Wisconsin

Year formed

1995

Most recent tax filings

2022-12-01

NTEE code, primary

T21: Corporate foundations

Description

The Regal Beloit Charitable Foundation primarily funds MCS, corporate, commercial, climate, industrial, PTS, and commercial initiatives. It supports various grantees, including the Museum of Science and Industry. Last year, the foundation made 94 grants and operates as a nonprofit corporate foundation for Regal Rexnord Corporation, based in Milwaukee, WI.

Total revenues

$319,724

2022

Total expenses

$908,921

2022

Total assets

$833,663

2022

Num. employees

2022

Grants made by Regal Beloit Charitable Foundation

Grantee	Grant description	Grant year	Amount
Kenneth C Griffin Museum of Science and Industry (MSI)	Corporate	2022-12	$100,000
Beloit Health System Foundation	Corporate	2022-12	$87,500
Milwaukee School of Engineering (MSOE)	MCS	2022-12	$57,500
...and 50 more grants made totalling $627,750

Financials for Regal Beloit Charitable Foundation

Revenues	FYE 12/2022	FYE 12/2021	% Change
Total grants, contributions, etc.	$330,000	$768,000	-57%
Investment income and dividends	$20,288	$25,135	-19.3%
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$-30,564	$141,957	-121.5%
Gross sales of inventory	$0	$0	-
Miscellaneous revenues	$0	$0	-
Total revenues	$319,724	$935,092	-65.8%

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Data update history

January 3, 2024

Posted financials

Added Form 990PF for fiscal year 2022

July 29, 2023

Posted financials

Added Form 990PF for fiscal year 2021

June 29, 2023

Updated personnel

Identified 1 new personnel

June 4, 2023

Updated personnel

Identified 1 new personnel

May 22, 2023

Used new vendors

Identified 1 new vendor, including

Nonprofit Types

Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCorporate foundationsCharities

Issues

Arts, cultural, and humanities

Characteristics

Provides grantsPartially liquidatedState / local levelTax deductible donationsNo full-time employees

General information

Address: 111 W Michigan St; Milwaukee, WI 53203
Metro area: Milwaukee-Waukesha, WI
County: Milwaukee County, WI
Phone: (608) 364-8800

IRS details

EIN: 39-1814812
Fiscal year end: December
Taxreturn type: Form 990-PF
Year formed: 1995
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: T21: Corporate foundations
NAICS code, primary: 813211: Grantmaking Foundations
Parent/child status: Independent

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Regal Beloit Charitable Foundation

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