Ottumwa Regional Legacy Foundation Inc
- Assets
- $70.1m
- Revenue
- $1.6m
- Investments
- $67.6m
- Employees
- 0
- Location
- Ottumwa, IA
- Founding
- 08/2016
- Data as of
- 12/2023
- 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 12/2023, Ottumwa Regional Legacy Foundation Inc generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (15.0%) each year. All expenses for the organization totaled $3.2m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ottumwa Regional Legacy Foundation Inc has awarded 780 individual grants totaling $16,419,451. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
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: 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.THEATRE: THE LEGACY FOUNDATION IS WORKING WITH THE COMMUNITY TO REHABILITATE TWO LOCAL THEATRE BUILDINGS.BOOKIN INNOVATION CENTER: THE LEGACY FOUNDATION HELPED TO RENOVATE A SPACE TO SERVE AS AN AREA TO NETWORK AND COLLABORATE WITH OTHER AREA NONPROFITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Himar Hernandez Chair | 1 | $0 | |
Jill Budde Vice Chair | 1 | $0 | |
Brian Mcwilliams Treasurer | 1 | $0 | |
Natalie Bolin Past Chair | 1 | $0 | |
Taren Ferguson Director | 1 | $0 | |
Jessica Mccullen Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rg Construction | 12/30/23 | $814,983 |
Design Workshop Inc | 12/30/23 | $340,600 |
Stifel Nicolaus & Company | 12/30/23 | $113,835 |
Genus Landscape Architects | 12/30/23 | $128,781 |
P&m Mowing Llc | 12/30/23 | $72,203 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $110,889 |
| Interest on Savings | $0 |
| Dividends & Interest | $865,758 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $502,380 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $7,213 |
| Other Income | $102,657 |
| Total Revenue | $1,588,897 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $387,276 |
| Other employee salaries and wages | $275,625 |
| Pension plans, employee benefits | $199,869 |
| Interest | $12,630 |
| Taxes | $52,651 |
| Depreciation | $104,873 |
| Occupancy | $36,518 |
| Travel, conferences, and meetings | $61,662 |
| Printing and publications | $0 |
| Other expenses | $385,886 |
| Total operating and administrative expenses | $2,384,056 |
| Contributions, gifts, grants paid | $819,797 |
| Total expenses and disbursements | $3,203,853 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,680 |
| Savings and temporary cash investments | $693,566 |
| 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 | $30,677 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $51,314,508 |
| Net Land, buildings, and equipment | $1,201,368 |
| Other assets | $531,186 |
| Total assets | $70,085,992 |
| Accounts payable and accrued expenses | $389,538 |
| Grants payable | $219,575 |
| Deferred revenue | $6,855 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $15,700 |
| Total liabilities | $631,668 |
Grants Awarded
Over the last fiscal year, Ottumwa Regional Legacy Foundation Inc has awarded $819,797 in support to 107 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN HOME FINDING ASSOCIATION PURPOSE: WINDOWS FOR AMERICAN HOME FINDING ASSOCIATION'S AGENCY SHELTER | $30,000 |
AMERICAN HOME FINDING ASSOCIATION PURPOSE: TRUTHOUGHT CURRICULUM FOR AGENCY SHELTER & CORINTHIANS HOUSE | $2,500 |
AMERICAN HOME FINDING ASSOCIATION PURPOSE: AMERICAN HOME FINDING ASSOCIATION'S AGENCY SHELTER AND CORINTHIANS HOUSE RECREATION CENTER | $30,000 |
BIO GIRLS INC PURPOSE: BIO GIRLS - OTTUMWA, IA - 2024 | $3,000 |
BRIDGE VIEW CENTER INC PURPOSE: BVC - HARMONY PARK SUNSHADE | $10,000 |
CAMP INVENTION OTTUMWA PURPOSE: CAMP INVENTION: K-6 SUMMER ENRICHMENT PROGRAM FOR WAPELLO COUNTY CHILDREN | $6,500 |