West Bancorporation Foundation Inc
- Assets
- $1.5m
- Revenue
- $599.2k
- Investments
- $1.1m
- Employees
- 0
- Location
- West Des Moines, IA
- Founding
- 07/2004
- Data as of
- 12/2021
- EIN
- 20-0523259
Organization Overview
West Bancorporation Foundation Inc is located in West Des Moines, IA. The organization was established in 2004. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. West Bancorporation Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, West Bancorporation Foundation Inc generated $599.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $271.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, West Bancorporation Foundation Inc has awarded 253 individual grants totaling $819,914. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SELECTION OF RECIPIENTS OF CHARITABLE GRANTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David D Nelson Director | 0.5 | $0 | |
Jill T Hansen Executive Director | 4 | $0 | |
Douglas R Gulling Director | 0.5 | $0 | |
Brad L Winterbottom Director | 0.5 | $0 | |
Harlee N Olafson Director | 0.5 | $0 | |
Alice A Jensen Secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $566,925 |
| Interest on Savings | $25 |
| Dividends & Interest | $32,182 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $29 |
| Total Revenue | $599,161 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $682 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $115 |
| Total operating and administrative expenses | $797 |
| Contributions, gifts, grants paid | $270,310 |
| Total expenses and disbursements | $271,107 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,952 |
| Savings and temporary cash investments | $399,285 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,459,101 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, West Bancorporation Foundation Inc has awarded $270,310 in support to 77 organizations.
| Grant Recipient | Amount |
|---|---|
Des Moines, IA PURPOSE: FUNDING FOR RACCOON RIVER PEDESTRIAN BRIDGE | $25,000 |
Coralville, IA PURPOSE: FUNDING FOR BUILDING CAMPAIGN | $25,000 |
Des Moines, IA PURPOSE: FUNDING FOR HOUSING CAMPAIGN | $10,000 |
Des Moines, IA PURPOSE: FUNDING FOR CAPITAL CAMPAIGN | $10,000 |
Des Moines, IA PURPOSE: FUNDING FOR THE DMARC FOOD PANTRY NETWORK | $9,000 |
DOWLING CATHOLIC HIGH SCHOOL PURPOSE: ANNUAL APPEAL | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joyce Foundation Chicago, IL | $1,408,794,882 | $150,496,278 |
Lynde And Harry Bradley Foundation Inc Milwaukee, WI | $1,061,478,184 | $82,867,746 |
United Health Foundation Minnetonka, MN | $216,072,517 | $86,645 |
Weitz Family Foundation Omaha, NE | $41,283,061 | $24,036,289 |
Exelon Foundation Chicago, IL | $116,558,021 | $16,716,086 |
Highlands Foundation Inc Madison, WI | $16,807,622 | $1,089,528 |
Rockwell Automation Charitable Corporation Milwaukee, WI | $6,137,007 | $10,007,891 |
The Green Fern Foundation Minneapolis, MN | $108,921,285 | $8,489,620 |
Ascension Providence Foundation St Louis, MO | $25,786,185 | $4,059,548 |
Kehe Cares Foundation Inc Naperville, IL | $5,804,063 | $7,449,461 |
G Carl Ball Family Foundation West Chicago, IL | $40,772,718 | $1,501,347 |
Apex Oil Company Charitable Foundation Clayton, MO | $5,552,503 | $420,890 |