Iowa West Foundation
- Assets
- $531.8m
- Revenue
- $57.0m
- Investments
- $453.3m
- Employees
- 0
- Location
- Council Bluffs, IA
- Founding
- 01/1994
- Data as of
- 12/2021
- EIN
- 42-1391990
Organization Overview
Iowa West Foundation is located in Council Bluffs, IA. The organization was established in 1994. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iowa West Foundation 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, Iowa West Foundation generated $57.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 23.7% each year . All expenses for the organization totaled $26.6m during the year ending 12/2021. While expenses have increased by 10.4% per year over the past 4 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 2020, Iowa West Foundation has awarded 215 individual grants totaling $51,991,897. 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:
CITY OF COUNCIL BLUFFS STREETSCAPE MAINTENANCE (CASH PAID)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brenda Mainwaring President & CEO | 37.5 | $240,346 | |
Matthew Henkes VP Grants & Admin | 37.5 | $147,573 | |
Timothy Galligan Eco Dev Officer | 37.5 | $129,517 | |
Jacquelyn Dix Controller | 37.5 | $118,354 | |
Debra Debbaut Grants Officer | 37.5 | $102,489 | |
Tara Slevin Vice Chair | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mercer Investment Consultants | 12/30/21 | $374,965 |
Mulhall's | 12/30/21 | $336,587 |
Sherbondy's | 12/30/21 | $213,424 |
Kpmg Llp | 12/30/21 | $162,822 |
Andersen Construction | 12/30/21 | $80,733 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,328,970 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,345,341 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,998,603 |
| Capital Gain Net Income | $17,705,036 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $22,681,470 |
| Total Revenue | $56,969,163 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $240,346 |
| Other employee salaries and wages | $768,864 |
| Pension plans, employee benefits | $340,905 |
| Interest | $605,803 |
| Taxes | $1,742,213 |
| Depreciation | $2,047,658 |
| Occupancy | $300,623 |
| Travel, conferences, and meetings | $6,341 |
| Printing and publications | $23,966 |
| Other expenses | $640,939 |
| Total operating and administrative expenses | $10,101,287 |
| Contributions, gifts, grants paid | $16,466,151 |
| Total expenses and disbursements | $26,567,438 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,682,936 |
| Savings and temporary cash investments | $6,147,762 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $506,452 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $11,913,986 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $205,226,512 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $56,239,305 |
| Total assets | $531,828,155 |
| Accounts payable and accrued expenses | $2,356,935 |
| Grants payable | $16,859,662 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $19,348,815 |
| Other liabilities | $0 |
| Total liabilities | $38,565,412 |
Grants Awarded
Over the last fiscal year, Iowa West Foundation has awarded $30,897,059 in support to 127 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF COUNCIL BLUFFS PURPOSE: FURTHERING INTERCONNECTIONS, REVITALIZATION, STREETSCAPES, TRANSPORTATION, AND AESTHETICS FOR A VIBRANT ECONOMY | $2,858,078 |
CITY OF COUNCIL BLUFFS PURPOSE: WEST BROADWAY PHASE III | $2,619,482 |
IOWA WEST FOUNDATION INITIATIVE PURPOSE: CITY OF COUNCIL BLUFFS PUBLIC ART WORK "LOOKING UP" SCULPTURE AT RIVERFRONT | $2,572,816 |
SOUTHWEST IOWA NONPROFIT FOR COLLECTIVE IMPACT PURPOSE: START-UP FUNDING | $2,489,710 |
GREEN HILLS AREA EDUCATION AGENCY PURPOSE: MULTI-YEAR FUNDING 2021 | $2,200,000 |
POTTAWATTAMIE COUNTY BOARD OF SUPERVISORS PURPOSE: CONSERVATION ACQUISITION | $1,534,440 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Iowa West Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Dsc Foundation Inc Dallas, TX PURPOSE: TO PROMOTE ECONOMIC DEVELOPMENT, EDUCATION, HEALTHY FAMILIES, AND PLACEMAKING. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iowa West Foundation Council Bluffs, IA | $531,828,155 | $56,969,163 |
Iowa State Fair Foundation Des Moines, IA | $11,002,682 | $8,403,117 |
American Royal Association Kansas City, MO | $28,283,023 | $7,000,256 |
Lancaster County Agricultural Society Inc Lincoln, NE | $20,865,052 | $2,982,282 |
Fair And Exposition Society Of Jones County Inc Monticello, IA | $5,659,527 | $5,307,608 |
Minnesota Fair Plan Bloomington, MN | $3,079,043 | $3,023,700 |
Sioux Empire Fair Association Sioux Falls, SD | $1,938,315 | $2,671,698 |
Kane County Fair St Charles, IL | $21,061,651 | $1,916,331 |
Minnesota Propane Association Zimmerman, MN | $1,583,838 | $1,664,231 |
Sheboygan County Fair Association Plymouth, WI | $2,297,030 | $1,962,294 |
Kenosha County Fair Association Inc Wilmot, WI | $2,247,686 | $1,814,776 |
German Fest Milwaukee Inc Menomonee Falls, WI | $1,157,824 | $1,461,133 |