2025-11-05T08:11:45-06:00 2023-12-31 BDO USA 330 N Wabash Suite 3200 CHICAGO IL 60611 990PF 2023-01-01 391814812 Regal Beloit Charitable Foundation % HILLARY PARKS REGA 6083648800 111 W Michigan Street Milwaukee WI 53203 Robert Rehard Trustee 6083648800 2024-11-13 true true Jacob Cook P01240455 3128569100 2023 2025-03-06 01:10:19Z X 951793 X 838000 23351 23351 6846 323098 6846 868197 30197 0 5350 2675 0 2675 3956 3956 0 0 9306 6631 0 2675 778225 778225 787531 6631 0 780900 80666 23566 18902 173312 173312 54546 67477 67477 50006 0 0 710209 673535 711004 833663 914324 951793 0 0 X 833663 914324 833663 914324 833663 914324 833663 80666 914329 5 914324 STCG - SECURITIES 266958 266568 390 390 LTCG - SECURITIES 52956 49684 3272 3272 CAPITAL GAIN DIVIDENDS P 3184 CAPITAL GAIN DIVIDENDS P 3184 6846 328 328 328 532 0 532 204 204 false false false false false false false true true WI true false false false false true N/A HILLARY PARKS 6083648800 111 W MICHIGAN STREET Milwaukee WI 53203 false false false false false false false false false false false false false false false false false false false false false Louis Pinkham 111 W Michigan Street Milwaukee WI 53203 TRUSTEE 1.0 0 0 0 Robert Rehard 111 W Michigan Street Milwaukee WI 53203 TRUSTEE 1.0 0 0 0 ROBIN WALKER LEE 111 W Michigan Street Milwaukee WI 53203 CHAIR - CORPORATE GOVERNANCE 1.0 0 0 0 679133 197037 49868 926038 0 926038 13891 912147 45607 45607 328 328 45279 45279 45279 780900 0 0 0 0 780900 45279 0 2021 2020 2019 0 718175 786258 516671 513484 845932 3380520 780900 0 45279 735621 4116141 0 0 0 0 718175 3397966 786258 516671 513484 845932 735621 X BELOIT 200 1003 PLEASANT ST BELOIT WI 53511 NONE POF CORPORATE 20000 BELOIT HEALTH SYSTEM FOUNDATION 1969 HART RD BELOIT WI 53511 NONE POF CORPORATE 85000 STATELINE BOYS & GIRLS CLUB 202 MAPLE AVE BELOIT WI 53511 NONE PC CORPORATE 25000 UNITED WAY BLACKHAWK REGION - DAY OF CARING 205 N MAIN STREET SUITE 101 JANESVILLE WI 53545 NONE PC CORPORATE 45100 MUSEUM OF SCIENCE AND INDUSTRY 5700 S DUSABLE LAKE SHORE DR CHICAGO IL 60637 NONE PC CORPORATE 50000 UCHICAGO MEDICINE & BIOLOGICAL SCIENCES 5235 S HARPER COURT 4TH FLOOR CHICAGO IL 60615 NONE PC CORPORATE 25000 UCHICAGO COLLEGE OF MEDICINE 130 E RANDOLPH ST SUITE 2500 CHICAGO IL 60601 NONE PC CORPORATE 100000 BELOIT INTERNATIONAL FILM FESTIVAL 635 3RD STREET BELOIT WI 53511 NONE POF CORPORATE 5000 FAMILY PROMISE GOLF OUTING SPONSORSHIP 655 BLUFF STREET BELOIT WI 53511 NONE PC CORPORATE 3000 UNITED WAY DAY OF CARING 205 N MAIN STREET SUITE 101 JANESVILLE WI 53511 NONE PC CORPORATE 1150 FEEDING AMERICA OF EASTERN WISCONSIN 1700 W FOND DU LAC AVE MILWAUKEE WI 53205 NONE PC CORPORATE 2500 DOMINICAN HIGH SCHOOL ROBOTICS TEAM 120 E SILVER SPRING DRIVE WHITEFISH BAY WI 53217 NONE PC CORPORATE 1500 BELOIT CITY WIDE YOUTH SOFTBALL LEAGUE PO BOX 1398 BELOIT WI 53511 NONE PC CORPORATE 1500 SOUTH BELOIT - SHOP WITH THE BADGE 519 BLACKHAWK BLVD SOUTH BELOIT IL 61080 NONE PC CORPORATE 1500 NOURISH FOOD BANK 1809 MEMORIAL BLVD MURFREESBORO TN 37129 NONE PC CLIMATE 6000 JUNIOR ACHIEVEMENT - JOBSPARK 550 EAST WALLEN ROAD FORT WAYNE IN 46825 NONE PC CLIMATE 10000 FORT WAYNE RESCUE MISSION 404 E WASHINGTON BLVD FORT WAYNE IN 46802 NONE PC CLIMATE 5000 COMMUNITY HARVEST FOOD BANK PO BOX 10967 FORT WAYNE IN 46855 NONE PC CLIMATE 5000 CHILDREN'S AUTISM CENTER 6131 NORTH CLINTON ST FORT WAYNE IN 46835 NONE PC CLIMATE 1000 PROJECT LINUS 9831 GREENMOOR DRIVE NEW HAVEN IN 46774 NONE PC CLIMATE 800 KATE'S KART 10376 LEO ROAD SUITE A FORT WAYNE IN 46825 NONE PC CLIMATE 2000 PROJECT BALLET 921 NORTHCREST SHOPPING CENTER FORT WAYNE IN 46805 NONE PC CLIMATE 1200 OZAUKEE FOOD ALLIANCE 166 W DEKORA ST SAUKVILLE WI 53080 NONE PC COMMERCIAL 1000 BIG BROTHERS BIG SISTERS OZAUKEE 2360 DAKOTA DR GRAFTON WI 53024 NONE PC COMMERCIAL 1000 CHILDREN'S WISCONSIN FOUNDATION 999 N 92ND ST STE 220 MILWAUKEE WI 53226 NONE PC COMMERCIAL 1500 OZAUKEE FAMILY SERVICES 4922 COLUMBIA RD CEDARBURG WI 53012 NONE PC COMMERCIAL 1500 NAMI OZAUKEE 2360 DAKOTA DR GRAFTON WI 53024 NONE PC COMMERCIAL 1500 TIPP CITY ATHLETIC BOOSTERS 615 E KESSLER-COWLESVILLE RD TIPP CITY OH 45371 NONE PC COMMERCIAL 1000 MIAMI COUNTY ANIMAL SHELTER 1110 N COUNTY RD 25A TROY OH 45373 NONE PC COMMERCIAL 1000 BASKET OF SOUTHERN MIAMI COUNTY 330 S 5TH ST TIPP CITY OH 45371 NONE PC COMMERCIAL 1000 EAGLES WINGS ASSISTED LEARNING CENTER 5730 WASHINGTON RD PIQUA OH 45356 NONE PC COMMERCIAL 1000 BETHANY CENTER 339 SOUTH ST PIQUA OH 45356 NONE PC COMMERCIAL 1000 CHASING DAYLIGHT ANIMAL SHELTER 15560 STATE HWY 131 TOMAH WI 54660 NONE PC COMMERCIAL 5000 BRUCE'S LEGACY W11099 CLARK RD BLACK RIVER FALLS WI 54615 NONE PC COMMERCIAL 5000 TRINITY EQUESTRIAN CENTER S5300 STATE RD 37 EAU CLAIRE WI 54701 NONE PC COMMERCIAL 5000 BENTON COUNTY FOOD PANTRY 121 TOWER DR WARSAW MO 65355 NONE PC COMMERCIAL 3000 THE FOOD BANK FOR CENTRAL & NORTHEAST MISSOURI 2101 VANDIVER DR COLOMBIA MO 65202 NONE PC COMMERCIAL 4000 CROSSROADS FAMILY MINISTRIES 1220 COMMERCIAL STREET WARSAW MO 65355 NONE PC COMMERCIAL 1250 LINCOLN COUNSEL FOR COMMUNITY BETTERMENT 16594 HWY LINCOLN MO 65660 NONE PC COMMERCIAL 600 WARSAW HIGH SCHOOL ROBOTICS 20363 LANE OF CHAMPIONS WARSAW MO 65355 NONE PC COMMERCIAL 4000 WARM HOUSE 100 E LONG VIEW TERRACE WARSAW MO 65355 NONE PC COMMERCIAL 1250 FIRST ROBOTICS #1792 OAK CREEK HIGH SCHOOL 340 E PUETZ ROAD OAK CREEK WI 53154 NONE PC MCS 5000 MSOE MPS SPRING SCRIMMAGE DEVELOPMENT OFFICE 1025 N BROADWA MILWAUKEE WI 53202 NONE PC MCS 3000 BROADSCOPE DISABILITY SERVICES 6102 W LAYTON AVE GREENFIELD WI 53220 NONE PC MCS 1500 FIRST ROBOTICS #1732 3401 W WISCONSIN AVENUE MILWAUKEE WI 53208 NONE PC MCS 11000 FIRST ROBOTICS #2506 8255 W FOREST HILL AVENUE FRANKLIN WI 53132 NONE PC MCS 5000 MILWAUKEE ROBOTICS TEAM # 2830 929 N ASTOR ST UNIT 2202 MILWAUKEE WI 53202 NONE PC MCS 17000 URBAN ECOLOGY CENTER 1500 E PARK PLACE MILWAUKEE WI 53211 NONE PC MCS 2500 MILWAUKEE SCHOOL OF ENGINEERING 1025 N BROADWAY MILWAUKEE WI 53202 NONE PC MCS 67500 MIDDLE SCHOOL ROBOTICS 1600 ROOSEVELT RD VALPARAISO IN 46383 NONE PC MCS 1000 FIRST ROBOTICS #1972 340 E PUETZ ROAD OAK CREEK WI 53145 NONE PC MCS 6000 SABER ROBOTICS #2506 8222 S 51ST ST FRANKLIN WI 53132 NONE PC MCS 6000 PULASKI COMMUNITY YOUTH CENTER 8321 SAWGRASS WAY RADFORD VA 24141 NONE PC MCS 650 BIG BROTHERS BIG SISTERS 788 N JEFFERSON ST SUITE 600 MILWAUKEE WI 53202 NONE PC MCS 55000 ALL IN MILWAUKEE 135 W WELLS STREET SUITE 100 MILWAUKEE WI 53203 NONE PC MCS 15000 SOJOURNER FAMILY PEACE CENTER 619 W WALNUT ST MILWAUKEE WI 53212 NONE PC MCS 20000 UNITED WAY OF GREATER TOLEDO - WOOD COUNTY 217 S CHURCH STREET BOWLING GREEN OH 43402 NONE PC MCS 25000 MARQUETTE UNIVERSITY PO BOX 1881 MILWAUKEE WI 532011881 NONE PC MCS 18000 WISCONSIN FIRST ROBOTICS N41W28669 IMPERIAL DRIVE PEWAUKEE WI 53072 NONE PC MCS 25000 PIBOTICS - FIRST ROBOTICS IGNITE INSTITUTE 37 ATLANTIC AVENU ERLANGER KY 41018 NONE PC MCS 6000 FIRST ROBOTICS #5096 8365 N 107TH STREET MILWAUKEE WI 53224 NONE PC MCS 6000 NORTHERN KENTUCKY CHAMBER 300 BUTTERMILK PIKE SUITE 330 PO BOX 17416 FORT MITCHELL KY 41017 NONE PC MCS 8000 UNITED WAY OF CINCINNATI PO BOX 632840 CINCINNATI OH 452632840 NONE PC MCS 10000 BAWAC 7970 KENTUCKY DRIVE FLORENCE KY 41042 NONE PC MCS 5000 UNIVERSITY OF LOUISVILLE FOUNDATION PO BOX 772050 CHICAGO IL 606772050 NONE PC MCS 5000 DISABLED AMERICAN VETERANS (DAV) 860 DOLWICK DRIVE ERLANGER KY 41018 NONE PC MCS 1000 FORT THOMAS FOREST CONSERVANCY PO BOX 75149 FT THOAMS KY 41075 NONE PC MCS 1500 LIFE LEARNING CENTER 20 WEST 18TH STREET COVINGTON KY 41011 NONE PC MCS 1000 EMERGENCY SHELTER OF NORTHERN KENTUCKY PO BOX 332 COVINGTON KY 41012 NONE PC MCS 1000 CITY OF BLACK RIVER FALLS PARKS AND REC 101 SOUTH 2ND ST BLACK RIVER FALLS WI 54615 NONE PC COMMERCIAL 3125 DEVON'S BEAT 16594 HIGHWAY C LINCOLN MO 65338 NONE PC COMMERCIAL 600 FIRST ROBOTICS FRC WARRIOR BOTS W185S8750 RACINE AVE MUSKEGO WI 53150 NONE PC MCS 6000 RONALD MCDONALD HOUSE OF NASHVILLE 2144 FAIRFAX AVE NASHVILLE TN 37212 NONE PC CLIMATE 2000 778225 HEALTHIER MOMS AND BABIES 1025 W RUDISILL BLVD FORT WAYNE IN 46807 NONE PC CLIMATE 0 CASSVILLE PANTRY 800 WEST 10TH ST CASSVILLE MO 65625 NONE PC CLIMATE 0 CASSVILLE YMCA 408 STATE HWY 248 CASSVILLE MO 65625 NONE PC CLIMATE 0 CHILDREN'S HAVEN INTERNATIONAL 400 E MINNESOTA RD PHARR TX 78577 NONE PC CLIMATE 0 OMNIA CASA DEL NINO AC GELENA 1109 COL PIEDRES NEGRAS MX 026090 NONE PC CLIMATE 0 CAM 23 & CAM 24FONDO UNIDO ROTARIO DE MEXICO AC GELENA 1109 COL PIEDRES NEGRAS MX 26090 NONE PC CLIMATE 0 ORFANATORIO DE VILLA DE FUENTE GELENA 1109 COL PIEDRES NEGRAS MX 26090 NONE PC CLIMATE 0 CABALGANDO POR UNA SONRISA AC GELENA 1109 COL PIEDRES NEGRAS MX 26090 NONE PC CLIMATE 0 ASILO DE ANCIANOS SAN VICENTE DE PAUL GUATEMALA 313 COL PIEDRES NEGRAS MX 26090 NONE PC CLIMATE 0 GRUPO DE APOYO AL CANCER ZARAGOZA 406 COL VILLA DE FUERTE PIEDRES NEGRAS MX 26090 NONE PC CLIMATE 0 POR AMOR A SU NOMBRE AC PIEDRAS NEGRAS ST 401 COL PIEDRES NEGRAS MX 26069 NONE PC CLIMATE 0 CRUZ ROJA MEXICANA CLL PANTEON STO CRISTO 402 PIEDRES NEGRAS MX 26090 NONE PC CLIMATE 0 USS LIBERTY MEMORIAL PUBLIC LIBRARY 1620 11TH AVENUE GRAFTON WI 53024 NONE PC COMMERCIAL 0 PROGRAMA EDUCACION EN VALORES AC 1620 11TH AVENUE GRAFTON WI 53024 NONE PC COMMERCIAL 0 APAMAC 1620 11TH AVENUE GRAFTON WI 53024 NONE PC COMMERCIAL 0 APANICAL AC 20 DE NOVIEMBRE 4305 JUAREZ MX 68000 NONE PC COMMERCIAL 0 CASA DEL NINO Y DEL ANCIANO MEXICO AC 20 DE NOVIEMBRE 4305 JUAREZ MX 68000 NONE PC COMMERCIAL 0 CASAS DE CUIDADO DIARIO INFANTILES DE CD RUBEN POSADA POMPA 3656 MELCHOR OCAMPO MX 32450 NONE PC COMMERCIAL 0 CENTRO DE PROTECCION DE MUJER A MUJER AC EJERCITO NACIONAL 6325 JUAREZ MX 32520 NONE PC COMMERCIAL 0 NIRATA AC 3142 COLONIA AZTECA CD JUAREZ MX 32520 NONE PC COMMERCIAL 0 VIVIR PARA AMAR Y SERVIR AC 1864 COL EX-HIPODROMO JUAREZ MX 32330 NONE PC COMMERCIAL 0 ASOCIACION PARA JOVENES FRANCISCO VILLA 1307 COLONIA MANUEL VALDEZ MX 656208 NONE PC COMMERCIAL 0 ROLL ON MINISTRY PO BOX 16 LINCOLN MO 65338 NONE PC COMMERCIAL 0 CUB SCOUT PACK 33 PO BOX 16 LINCOLN MO 65338 NONE PC COMMERCIAL 0 THE WAR AMPS PO BOX 16 LINCOLN MO 65338 NONE PC COMMERCIAL 0 CANADIAN CANCER SOCIETY PO BOX 16 LINCOLN MO 65338 NONE PC COMMERCIAL 0 COMPREHENSIVE DEVELOPMENT CENTER COLE CAMP COLE CAMP MO 65355 NONE PC MCS 0 JUNIOR ACHIEVEMENT NORTHERN INDIANA 5053 NORWAY ROAD MONTICELLO IN 47960 NONE PC CLIMATE 0 TWIN LAKES ROBOTICS TEAMS 5053 NORWAY ROAD MONTICELLO IN 47960 NONE PC MCS 0 UNITED WAY OF WHITE COUNTY 5053 NORWAY ROAD MONTICELLO IN 47960 NONE PC MCS 0 FIRST ROBOTICS FRC WARRIOR BOTS 404 S MAINE ST REMINGTON IN 47977 NONE PC MCS 0 FIRST ROBOTICS #537 11842 BREEZY POINT DRIVE MONTICELLO IN 47960 NONE PC MCS 0 FIRST ROBOTICS #1675 402 TIOGA RD PO BOX 70330 MONTICELLO IN 47960 NONE PC MCS 0 UNIVERSITY OF CINCINNATI FOUNDATION W185S8750 RACINE AVE PO BOX 70330 MUSKEGO WI 53150 NONE PC MCS 0 GATEWAY COMMUNITY AND TECHNICAL COLLEGE W220 N6151 TOWN LINE ROAD PO BOX 70330 SUSSEX WI 53089 NONE PC MCS 0 THE ION CENTER 1603 EAST OKLAHOMA AVENUE PO PO BOX 70330 MILWAUKEE WI 53207 NONE PC MCS 0 NORTHERN KENTUCKY UNIVERSITY UNIVERSITY HALL 51 GOODMAN STREET CINCINNATI OH 45221 NONE PC MCS 0 BOMBEROS DE NUEVO LEON 500 TECHNOLOGY WAY FLORENCE KY 41042 NONE PC MCS 0 EL ALBERGUE DE PADRE PIO 835 MADISON AVE COVINGTON KY 41011 NONE PC MCS 0 CUIDAD DE LOS NINOS DE MONTERREY 5320 CAMPUS DRIVE AC 221 HIGHLAND HEIGHTS KY 41099 NONE PC MCS 0 BANCO DE ALIMENTOS DE JUANACATLAN AVENIDA CONSTITUCION 407 MONETRREY MX 64000 NONE PC MCS 0 EVOLUCION ESPIRITUAL FRANCISCO MARQUEZ 252 EL SALTO MX 45680 NONE PC MCS 0 CRUZ ROJA MEXICANA ZARAGOZA 659 SUR GUADALUPE MX 67140 NONE PC MCS 0 HOGARES FRATERNALES DE EL SALTO CAMINO AL SEMINARIO NO 83 COLONIA SAN ANTONIO MX 45880 NONE PC MCS 0 UN SALTO CON DESTINO PADRE MIER 514 APODACA MX 66600 NONE PC MCS 0 454300 14 23351 18 6846 30197 30197 false false false false false false false false false false X X 1 REGAL REXNORD CORPORATION 111 W MICHIGAN STREET MILWAUKEE WI 53203 838000 X TAX/ACCOUNTING 5350 2675 2675 GENERAL DYNAMICS 0 0 PIMCO INCOME FUND 61904 62901 T ROWE PRICE FLOATING ROATE 0 0 VANGUARD GNMA FUND - ADMIRAL 61595 62065 VANGUARD INTERM - TERM BOND 143170 144986 FIDELITY 500 INDEX FUND 71719 92654 NEUBERGER BERMAN LARGE CAP 23704 21879 VICTORY NASDAQ 100 21581 26787 USAA NASDAQ 100 INDEX 0 0 PRIMECAP ODYSSEY AGGRESSIVE 32738 28142 PRINCIPAL MIDCAP VALUE I INST 26011 27851 VANGUARD S&P SMALL CAP 600 27010 33272 FIDELITY ADVISOR INTL SMALL 10165 11268 MFS INTL DIVERSIFICATION FUND 0 0 FEDERATED HERMES ST INCOME 143032 146045 ALLSPRING C&B MID CAP VALUE 0 0 GOLDMAN SACHS INTERNATIONAL EQ 37148 37798 ISHARES CORE MSCI EMERGING ETF 8696 8750 SPDR S&P REGIONAL BANKING ETF 5062 6606 PRIOR PERIOD ADJUSTMENT 5 INV FEES-WEALTH MGMT 141081 3956 3956 0 0 November 4, 2025 Internal Revenue Service Attn: EO Accounts Unit 1973 N. Rulon White Blvd., Mail Stop 6552 Ogden, UT 84201 RE: PENALTY ABATEMENT REQUEST Taxpayer: Regal Beloit Charitable Foundation EIN: 39-1814812 Tax Form: 990-PF Tax Period: December 31, 2024 To Whom it May Concern: We represent Regal Beloit Charitable Foundation ("Foundation"). Form 990-PF for the year ended December 31, 2023 is being filed late due to an administrative error by the tax preparer. The Form 990-PF was originally timely extended and had an extended due date of November 15, 2024. The 2023 Form 990-PF electronic filing was submitted on November 15, 2024. However, the electronic submission was rejected (see attached rejection notice). Due to an inadvertent administrative oversight, the return was not corrected and resubmitted. It was not discovered until finalizing the 2024 filing that the 2023 electronic return filing was not resubmitted. For the reasons stated within, Foundation respectfully requests abatement of any assessed penalties including failure to file timely and failure to pay. Foundation is a 501(c)(3) exempt private foundation. A penalty of this magnitude would cause an extreme financial hardship and harm the community it seeks to assist. The foundation's operations would certainly be negatively impacted. Foundation has met the reasonable cause standard by demonstrating it exercised ordinary business care and prudence, therefore qualifies for abatement of penalty. Treas. Reg. 301.6652-1(f), Showing of reasonable cause states, "The amount imposed by subsection (a), (b), or (c) of section 6652 shall not apply with respect to a failure to file a statement within the time prescribed if it is established to the satisfaction of the district director or the director of the Internal Revenue Service Center that such failure was due to reasonable cause and not to willful neglect." In addition, IRM 20.1.1.3.2.1 Standards and Authorities cites, "Any reason that establishes a taxpayer exercised ordinary business care and prudence but nevertheless failed to comply with the tax law may be considered for penalty relief." Further, IRM 20.1.1.3.2.2 Ordinary Business Care and Prudence discusses that, "A taxpayer may establish reasonable cause by providing facts and circumstances showing that he or she exercised ordinary business care and prudence (taking that degree of care that a reasonably prudent person would exercise), but nevertheless were unable to comply with the law." The failure to file the December 31, 2023 Form 990-PF in a timely manner was due to an inadvertent error by the Foundation's accountant. Foundation has consistently engaged a professional tax preparer to file its required federal returns. Historically, Foundation has timely filed its Form 990-PF by the extended due date. Foundation acted in good faith, as well as in a responsible manner relative to Form 990-PF by filing the return with the IRS as soon it became aware that the return had not been resubmitted electronically. The late filing was not intentional or due to willful neglect, nor was there any deliberate attempt to disregard the rules and regulations of the filing requirement; it was simply an inadvertent error. Further, IRM 20.1.1.2 Purpose of Penalties states, "Penalties exist to encourage voluntary compliance by supporting the standards of behavior required by the Internal Revenue Code. For most taxpayers, voluntary compliance consists of preparing an accurate return, filing it timely, and paying any tax due. Efforts made to fulfill these obligations constitute compliant behavior." Foundation made every effort to timely file its return. Foundation is historically compliant in its tax obligations, having never been assessed a late penalty and is committed to meeting all tax law requirements. Foundation has satisfied the requirement for reasonable cause by confirming it acted in a prudent and reasonable manner and was neither willful nor neglectful. Foundation respectfully requests that any penalties assessed by the IRS for the December 31, 2023 Form 990-PF be abated. I am submitting this on behalf of Foundation and I have conveyed the facts stated in this correspondence as told to me including any accompanying documents and to the best of my knowledge and belief they are true, correct and complete. Thank you for your consideration. If you require further information, please contact me at 616-802-3493. Respectfully, Jacob Cook FEDERAL EXCISE TAX