West Bancorporation Foundation Inc
- Assets
- $1.2m
- Revenue
- $67.3k
- Investments
- $1.2m
- Employees
- 0
- Location
- West Des Moines, IA
- Founding
- 07/2004
- Data as of
- 12/2022
- 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 12/2022, West Bancorporation Foundation Inc generated $67.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (28.7%) each year. All expenses for the organization totaled $317.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, West Bancorporation Foundation Inc has awarded 256 individual grants totaling $861,873. 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
2022
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 |
|---|---|---|---|
Jill T Hansen Executive Director | 4 | $0 | |
David D Nelson Director | 0.5 | $0 | |
Brad L Winterbottom Director | 0.5 | $0 | |
Harlee N Olafson Director | 0.5 | $0 | |
Jennifer Wedemeyer Secretary | 0.5 | $0 | |
Jean Scherr Director And Treasurer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $30,214 |
| Interest on Savings | $704 |
| Dividends & Interest | $36,421 |
| 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 | $0 |
| Total Revenue | $67,339 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $448 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $116 |
| Total operating and administrative expenses | $564 |
| Contributions, gifts, grants paid | $316,761 |
| Total expenses and disbursements | $317,325 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,197 |
| Savings and temporary cash investments | $46,643 |
| 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 | $1,209,115 |
| 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 $316,761 in support to 91 organizations.
| Grant Recipient | Amount |
|---|---|
6TH AVENUE CORRIDOR URBAN NEIGHBORHOOD MAIN STREET PURPOSE: FUNDING FOR HISTORIC CARRIAGE HOUSE OFFICE REHABILITATION | $5,000 |
8TH & COLLEGE CONNECTIONS PURPOSE: FUNDING FOR ENGLISH LANGUAGE LEARNERS PROGRAM | $1,000 |
ABRAHAM LINCOLN HIGH SCHOOL ALUMNI FOUNDATION PURPOSE: FUNDING FOR SCHOLARSHIP PROGRAM | $500 |
AMERICAN CANCER SOCIETY PURPOSE: FUNDING FOR HOPE LODGE HEROES CAMPAIGN | $2,000 |
AMERICAN PARKINSON DISEASE ASSOCIATION IA CHAPTER PURPOSE: FUNDING FOR PATIENT AID PROGRAM | $5,000 |
AMERICAN RED CROSS CENTRAL IOWA CHAPTER PURPOSE: GENERAL FUNDING - MEMORIAL | $1,500 |