Ottumwa Regional Legacy Foundation Inc
- Assets
- $76.7m
- Revenue
- $6.0m
- Investments
- $72.1m
- Employees
- 0
- Location
- Ottumwa, IA
- Founding
- 08/2016
- Data as of
- 12/2021
- EIN
- 42-0681060
Organization Overview
Ottumwa Regional Legacy Foundation Inc is located in Ottumwa, IA. The organization was established in 2016. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ottumwa Regional Legacy 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, Ottumwa Regional Legacy Foundation Inc generated $6.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $3.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ottumwa Regional Legacy Foundation Inc has awarded 582 individual grants totaling $13,365,335. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
REVITALIZATION - DOWNTOWN IS A SYMBOL OF THE HISTORIC HEART OF THE CITY. WE ARE WORKING TO REVITALIZE DOWNTOWN OTTUMWA AND THE SURROUNDING AREAS TO MAKE IT AN ATTRACTIVE PLACE TO LIVE AND WORK. OUR CURRENT PROJECTS FALL UNDER 4 THEMES: RECLAIMING MAIN STREET, RIVERFRONT RENAISSANCE, OTTUMWA SPORTS CAMPUS & EXTENDING CENTRAL PARK TO THE RIVER.
LEADERSHIP ACADEMY - TO CARRY OUT OUR INITIATIVES WE NEED SUPPORTIVE LEADERSHIP AT ALL LEVELS. WE HAVE ESTABLISHED THE OTTUMWA LEADERSHIP ACADEMY WHICH IS A 10 MONTH PROGRAM THAT STRIVES TO EDUCATE, EMPOWER, ENCOURAGE AND ENGAGE FUTURE LEADERS TO CREATE POSITIVE CHANGE IN OUR COMMUNITY, GOVERNMENT AND BUSINESSES.
NEWCOMER RELATIONS: THIS PROGRAM HOSTS A SERIES OF FREE, INTERACTIVE SESSIONS DESIGNED TO CONNECT NEWCOMERS TO THE ATTRIBUTES AND AMENITIES OF THE COMMUNITY OF OTTUMWA. BUSINESSES ARE PROVIDED ASSISTANCE WITH THEIR RECRUITMENT OF STAFF BY OFFERING COMMUNITY TOURS FOR NEW APPLICANTS.
OTHER CHARITABLE ACTIVITIES:JOBS: THE LEGACY FOUNDATION WORKS WITH THE OTTUMWA ECONOMIC DEVELOPMENT CORPORATION, THE CITY OF OTTUMWA AND VARIOUS OTHER ORGANIZATIONS TO ATTRACT BUSINESSES TO OUR COMMUNITY. EDUCATION: THE LEGACY FOUNDATION COLLABORATES WITH THE SCHOOLS IN WAPELLO COUNTY TO IMPROVE THE EDUCATION THROUGH TECHNOLOGY AS WELL AS MENTORING PROGRAMS, DAYCARE AND PRESCHOOL PROGRAMS AND ADULT LEARNING OPPORTUNITIES. HOUSING: THE LEGACY FOUNDATION HAS BEEN A KEY PARTNER WITH SEVERAL ORGANIZATIONS IN THE COMMUNITY IN CONDUCTING VARIOUS HOUSING STUDIES AND EXPLORING OPPORTUNITIES FOR ADDITIONAL HOUSING IN THE OTTUMWA AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Genners President/ceo | 40 | $202,392 | |
Mike Spieler VP Of Finance | 40 | $150,276 | |
Hollie Tometich Exec. Director Ottum | 40 | $97,323 | |
Amy Nossaman Grants Program Manag | 40 | $69,945 | |
Andy Maw Newcomer Relations C | 40 | $65,045 | |
Heather Larson Marketing & Special | 40 | $62,389 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Peter Wilson Dba Wilson's Underground Boring | 12/30/21 | $67,263 |
Stifel Nicolaus & Company | 12/30/21 | $115,037 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $110,920 |
| Interest on Savings | $0 |
| Dividends & Interest | $436,758 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,282,776 |
| Capital Gain Net Income | $5,778,553 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $30,250 |
| Other Income | $110,188 |
| Total Revenue | $5,970,892 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $352,668 |
| Other employee salaries and wages | $348,413 |
| Pension plans, employee benefits | $251,430 |
| Interest | $0 |
| Taxes | $165,247 |
| Depreciation | $144,925 |
| Occupancy | $34,158 |
| Travel, conferences, and meetings | $50,829 |
| Printing and publications | $0 |
| Other expenses | $282,053 |
| Total operating and administrative expenses | $2,015,243 |
| Contributions, gifts, grants paid | $1,496,864 |
| Total expenses and disbursements | $3,512,107 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $741,021 |
| Savings and temporary cash investments | $1,544,752 |
| 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 | $58,918 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $53,184,108 |
| Net Land, buildings, and equipment | $1,398,806 |
| Other assets | $894,477 |
| Total assets | $76,749,976 |
| Accounts payable and accrued expenses | $256,899 |
| Grants payable | $25,000 |
| Deferred revenue | $18,541 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $230,500 |
| Total liabilities | $530,940 |
Grants Awarded
Over the last fiscal year, Ottumwa Regional Legacy Foundation Inc has awarded $1,496,864 in support to 101 organizations.
| Grant Recipient | Amount |
|---|---|
Ottumwa, IA PURPOSE: COMPUTER AIDED DISPATCH AND RECORDS SYSTEM | $200,000 |
CITY OF OTTUMWA PURPOSE: STREETSCAPE: REIMBURSE PORTZEN INVOICES #16-19 ON GAX 10 | $136,266 |
CITY OF OTTUMWA PURPOSE: PLACARDED HOMES | $100,000 |
OTTUMWA COMMUNITY SCHOOL DISTRICT PURPOSE: CONSTRUCTION TECHNOLOGY PROGRAM | $100,000 |
CITY OF OTTUMWA PURPOSE: GREATER OTTUMWA PARK MASTER PLAN | $75,000 |
OTTUMWA COMMUNITY SCHOOL DISTRICT PURPOSE: SPARK TANK- YEAR 3 | $54,094 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ottumwa Regional Legacy Foundation Inc has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Helen M Overman Charitable Trust Tw 20791200 Las Vegas, NV PURPOSE: GENERAL SUPPORT | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Francis Medical Center Breckenridge, MN | $127,422,671 | $26,046,876 |
Prairie Ridge Hospital And Health Services Inc Elbow Lake, MN | $34,170,156 | $18,758,462 |
Madelia Health Madelia, MN | $18,855,648 | $18,531,553 |
Alegent Health Mercy Hospital Corning, IA | $35,243,438 | $19,692,764 |
St Marys Warrick Hospital Inc St Louis, MO | $9,424,300 | $16,745,363 |
Aspirus Stanley Hospital & Clinics Inc Wausau, WI | $10,927,612 | $20,966,048 |
Community Hospital Of Staunton Staunton, IL | $32,595,948 | $20,788,343 |
St Vincent Clay Hospital Inc St Louis, MO | $12,816,129 | $21,118,417 |
Kittson Memorial Hospital Association Hallock, MN | $15,018,635 | $22,486,843 |
Jennie M Melham Memorial Medical Center Inc Broken Bow, NE | $58,643,276 | $23,743,381 |
Genesis Medical Center Aledo Aledo, IL | $16,196,609 | $17,740,710 |
Lake View Memorial Hospital Inc Two Harbors, MN | $43,364,236 | $20,715,565 |