Washington County Riverboat Foundation
- Assets
- $2.2m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 1
- Location
- Washington, IA
- Founding
- 07/2006
- Data as of
- 12/2021
- EIN
- 20-1730015
Organization Overview
Washington County Riverboat Foundation is located in Washington, IA. The organization was established in 2006. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is the central organization for a national or regional group of organizations. Washington County Riverboat Foundation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Washington County Riverboat Foundation generated $4.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $3.8m during the year ending 12/2021. While expenses have increased by 3.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Washington County Riverboat Foundation has awarded 343 individual grants totaling $25,414,492. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO DISTRIBUTE GRANTS TO AREA ORGANIZATIONS AND MUNICIPALITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMPETITIVE FUND GRANTS
MUNICIPAL FUND GRANTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patty Koller Executive Director | Officer | 20 | $30,585 |
Shawn Ellingson President | OfficerTrustee | 1 | $0 |
David Erwin Vice President | OfficerTrustee | 1 | $0 |
Cathy Rich Secretary | OfficerTrustee | 2 | $0 |
Michael Vincent Treasurer | OfficerTrustee | 1 | $0 |
Kathleen Brinning Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,833,882 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,833,882 |
| Total Program Service Revenue | $0 |
| Investment income | $10,687 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,844,569 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,756,661 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $21,837 |
| Compensation of current officers, directors, key employees. | $21,837 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $655 |
| Other employee benefits | $8,748 |
| Payroll taxes | $1,791 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $510 |
| Fees for services: Accounting | $12,001 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,783 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,140 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,784 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,793 |
| All other expenses | $957 |
| Total functional expenses | $3,828,660 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,792,245 |
| Pledges and grants receivable | $407,683 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,129 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,209,057 |
| Accounts payable and accrued expenses | $297 |
| Grants payable | $126,924 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $127,221 |
| Net assets without donor restrictions | $2,081,836 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,209,057 |
Grants Awarded
Over the last fiscal year, Washington County Riverboat Foundation has awarded $3,647,657 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, IA PURPOSE: BUILDING PROJECT | $2,000,000 |
CITY OF WASHINGTON PURPOSE: MUNICIPAL GRANT, WELLNESS PARK | $959,162 |
CITY OF KALONA PURPOSE: MUNICIPAL GRANT | $211,129 |
CITY OF WELLMAN PURPOSE: MUNICIPAL GRANT | $125,199 |
CITY OF RIVERSIDE PURPOSE: MUNICIPAL GRANT | $86,458 |
WASHINGTON COUNTY CONSERVATION PURPOSE: KEWASH PAVING PHASE 2 | $77,645 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Quad Cities Golf Classic Charitable Foundation East Moline, IL | $5,926,812 | $12,981,935 |
Jewel Nail Bomar Trust 8336230300 Chicago, IL | $101,133,335 | $15,350,534 |
Pious Projects Of America Bridgeview, IL | $2,395,968 | $8,177,090 |
William R Orthwein Jr And Laura Rand Orthwein Foundation Inc St Louis, MO | $73,594,056 | $14,006,042 |
Worth County Development Authority Northwood, IA | $8,240,749 | $6,157,684 |
Constellation Fund Minneapolis, MN | $8,581,079 | $5,161,859 |
Wayfarer Foundation Highland Park, IL | $333,654 | $4,731,977 |
Washington County Riverboat Foundation Washington, IA | $2,209,057 | $4,844,569 |
Catholic United Financial Foundation St Paul, MN | $37,486,034 | $6,021,022 |
Seeds Of Change Foundation Sioux Falls, SD | $998,757 | $2,484,573 |
Royals Charities Inc Kansas City, MO | $948,636 | $2,777,032 |
Fond Du Lac Area Foundation Fond Du Lac, WI | $72,661,560 | $12,050,578 |