Wapello County Foundation
- Assets
- $1.3m
- Revenue
- $52.4k
- Investments
- $1.3m
- Employees
- 0
- Location
- Ottumwa, IA
- Founding
- 12/1984
- Data as of
- 04/2024
- EIN
- 42-1212642
Organization Overview
Wapello County Foundation is located in Ottumwa, IA. The organization was established in 1984. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wapello County 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 04/2024, Wapello County Foundation generated $52.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (7.1%) each year. All expenses for the organization totaled $71.5k during the year ending 04/2024. As we would expect to see with falling revenues, expenses have declined by (8.5%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Wapello County Foundation has awarded 115 individual grants totaling $780,297. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Woodard President | 0 | $0 | |
Charles Kiple Vice Preside | 0 | $0 | |
Dianne Haas Sec/treas | 0 | $0 | |
Mark Altfillisch Director | 0 | $0 | |
William Reece Director | 0 | $0 | |
Lori Yates Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,002 |
| Interest on Savings | $673 |
| Dividends & Interest | $37,808 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,884 |
| Capital Gain Net Income | $6,421 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $52,367 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $435 |
| Pension plans, employee benefits | $0 |
| Interest | $27 |
| Taxes | $902 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $788 |
| Total operating and administrative expenses | $12,557 |
| Contributions, gifts, grants paid | $58,928 |
| Total expenses and disbursements | $71,485 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,671 |
| Savings and temporary cash investments | $0 |
| 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 | $1,038 |
| Total assets | $1,327,834 |
| 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 | $98 |
| Total liabilities | $98 |
Grants Awarded
Over the last fiscal year, Wapello County Foundation has awarded $58,928 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
YMCA OF OTTUMWA IOWA PURPOSE: FACILITIES FOR RECREATION | $13,859 |
OTTUMWA CIVIC MUSIC ASSOCIATION PURPOSE: COMMUNITY GOOD | $2,000 |
CITY OF OTTUMWA PURPOSE: COMMUNITY GOOD | $6,554 |
CITY OF EDDYVILLE PURPOSE: COMMUNITY GOOD | $1,000 |
THE ECUMENICAL LORD'S CUPBOARD PURPOSE: CARE OF NEEDY INDIVIDUALS | $1,000 |
ELDON UPTOWN DOWNTOWN PURPOSE: COMMUNITY GOOD | $10,000 |