Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2015
Open to Public Inspection
For calendar year 2015, or tax year beginning 01-01-2015 , and ending 12-31-2015
Name of foundation
OTTUMWA REGIONAL LEGACY FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)111 EAST MAIN STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
OTTUMWA, IA52501
A Employer identification number

42-0681060
B Telephone number (see instructions)

(641) 455-5260
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$75,548,234J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 1,137,925
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,382,474 1,503,032  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,824,074
b Gross sales price for all assets on line 6a 23,724,721
7 Capital gain net income (from Part IV, line 2)... 3,061,149
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances 126,791
b Less: Cost of goods sold.... 95,150
c Gross profit or (loss) (attach schedule)..... 31,641  
11 Other income (attach schedule)....... Click to see attachment 479,951 275,399  
12 Total. Add lines 1 through 11........ 5,856,065 4,839,580  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 339,665 65,639   274,026
14 Other employee salaries and wages...... 369,640 70,266   299,374
15 Pension plans, employee benefits....... 118,013 7,281   110,732
16a Legal fees (attach schedule)......... Click to see attachment 12,795 0   12,795
b Accounting fees (attach schedule)....... Click to see attachment 30,177 0   30,177
c Other professional fees (attach schedule).... Click to see attachment 798,505 351,429   477,256
17 Interest............... 10,547 10,547   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 126,949 12,687   41,573
19 Depreciation (attach schedule) and depletion... Click to see attachment 78,961 26,201  
20 Occupancy.............. 107,913 74,028   33,885
21 Travel, conferences, and meetings....... 97,749 1,135   96,614
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 214,697 20,196   40,534
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,305,611 639,409   1,416,966
25 Contributions, gifts, grants paid....... 1,784,886 1,784,886
26 Total expenses and disbursements. Add lines 24 and 25 4,090,497 639,409   3,201,852
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,765,568
b Net investment income (if negative, enter -0-) 4,200,171
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 394,597 469,660 469,660
2 Savings and temporary cash investments......... 3,713,449 3,466,523 3,466,523
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet   646,695 0 0
8 Inventories for sale or use..............   7,160 7,160
9 Prepaid expenses and deferred charges.......... 17,915 21,604 21,604
10a Investments—U.S. and state government obligations (attach schedule) 2,406,995 Click to see attachment2,693,922 2,693,922
b Investments—corporate stock (attach schedule)....... 11,639,448 Click to see attachment15,767,909 15,767,909
c Investments—corporate bonds (attach schedule)....... 4,103,966 Click to see attachment5,057,928 5,057,928
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 57,322,041 Click to see attachment43,979,007 43,979,007
14 Land, buildings, and equipment: basis bullet1,568,049
Less: accumulated depreciation (attach schedule) bullet113,066 929,245 Click to see attachment1,454,983 1,454,983
15 Other assets (describe bullet) Click to see attachment862,232 Click to see attachment2,629,538 Click to see attachment2,629,538
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 82,036,583 75,548,234 75,548,234
Liabilities 17 Accounts payable and accrued expenses.......... 99,410 185,749
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......   Click to see attachment414,613
22 Other liabilities (describe bullet) Click to see attachment2,272,307 Click to see attachment1,723,133
23 Total liabilities (add lines 17 through 22)......... 2,371,717 2,323,495
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 73,396,547 69,460,002
25 Temporarily restricted............... 1,578,765 1,678,529
26 Permanently restricted............... 4,689,554 2,086,208
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 79,664,866 73,224,739
31 Total liabilities and net assets/fund balances (see instructions). 82,036,583 75,548,234
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
79,664,866
2
Enter amount from Part I, line 27a .....................
2
1,765,568
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
81,430,434
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
8,205,695
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
73,224,739
Form 990-PF (2015)
Form 990-PF (2015)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES - VARIOUS SALE DATES   2015-01-01 2015-12-31
b PUBLICLY TRADED SECURITIES - VARIOUS SALE DATES   2014-01-01 2015-12-31
c HAWKEYE CAPITAL INST - SCH K-1 P 2014-01-01 2015-12-31
d SANDERSON INT'L VALUE FUND - SCH K-1 P 2014-01-01 2015-12-31
e NIPPON VALUE INVESTORS - SCH K-1 P 2014-01-01 2015-12-31
HAWKEYE CAPITAL INST PSHIP INTEREST P 2012-06-30 2015-12-31
NIPPON VALUE INVESTORS PSHIP INTEREST P 2012-06-30 2015-12-31
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 1,957,599   1,901,881 55,718
b 21,767,122   18,998,766 2,768,356
c 16,322     16,322
d 279,538     279,538
e 67,111     67,111
1,832,178   1,943,733 -111,555
2,358,133   2,372,474 -14,341
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       55,718
b       2,768,356
c       16,322
d       279,538
e       67,111
      -111,555
      -14,341
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 3,061,149
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)
If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2014      
2013      
2012      
2011      
2010      
2
Total of line 1, column (d) .....................
2  
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years . . .
3
 
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
 
5
Multiply line 4 by line 3......................
5
 
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
 
7
Add lines 5 and 6........................
7
 
8
Enter qualifying distributions from Part XII, line 4.............
8
 
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2015)
Form 990-PF (2015)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bullet and enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 84,003
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 84,003
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 84,003
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 80,000
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 25,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 105,000
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 449
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 20,548
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet20,548 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletIA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.ORLF.ORG
    14
    The books are in care ofbulletMADONNA FISHER Telephone no.bullet (641) 455-5260

    Located atbullet111 EAST MAIN STREETOTTUMWAIA ZIP+4bullet52501
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2015.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
    No
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    BYRON LEU CHAIRMAN
    1.00     		0 0 0
    111 EAST MAIN STREET
    OTTUMWA,IA52501
    ELDON HUNSICKER VICE CHAIRMAN
    1.00     		0 0 0
    111 EAST MAIN STREET
    OTTUMWA,IA52501
    MARK FRANKE SECRETARY/TREASURER
    1.00     		0 0 0
    111 EAST MAIN STREET
    OTTUMWA,IA52501
    JEFF HENDRED DIRECTOR
    1.00     		0 0 0
    111 EAST MAIN STREET
    OTTUMWA,IA52501
    PAM KAUPINS DIRECTOR
    1.00     		0 0 0
    111 EAST MAIN STREET
    OTTUMWA,IA52501
    TOM LAZIO DIRECTOR
    1.00     		0 0 0
    111 EAST MAIN STREET
    OTTUMWA,IA52501
    DR DEBRA MILLER DIRECTOR
    1.00     		0 0 0
    111 EAST MAIN STREET
    OTTUMWA,IA52501
    MARLENE SPROUSE DIRECTOR
    1.00     		0 0 0
    111 EAST MAIN STREET
    OTTUMWA,IA52501
    RANDY ZORN DIRECTOR
    1.00     		0 0 0
    111 EAST MAIN STREET
    OTTUMWA,IA52501
    R BRADLEY LITTLE PRESIDENT/CEO
    40.00     		209,719 30,357 0
    111 EAST MAIN STREET
    OTTUMWA,IA52501
    MADONNA FISHER VP OF FINANCE
    40.00     		129,946 19,718 0
    111 EAST MAIN STREET
    OTTUMWA,IA52501
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    KELLY GENNERS VP OF PROGRAMS & INI
    40.00     		99,639 24,322 0
    111 EAST MAIN STREET
    OTTUMWA,IA52501
    HOLLIE TOMETICH EXEC. DIRECTOR OTTUM
    40.00     		78,821 19,502 0
    111 EAST MAIN STREET
    OTTUMWA,IA52501
    SEAN FLATTERY EXEC. DIRECTOR RIPPL
    40.00     		69,204 7,350 0
    111 EAST MAIN STREET
    OTTUMWA,IA52501
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    STUDIO C RUSHING LLC CONSULTING 148,412
    1800 MADISON STREET
    CHATTANOOGA,TN37408
    PINPOINT SERVICES ENGINEERING SERVICES 141,957
    1413 S WASHINGTON ST
    PAPILLION,NE68046
    GENUS LANDSCAPE ARCHITECTS CONSULTING 95,575
    325 E FIFTH STREET
    DES MOINES,IA50309
    WALKER COEN LORENTZEN ARCHITECT SERVICES 89,560
    3706 INGERSOLL
    DES MOINES,IA50312
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 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. 343,321
    2 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. 153,062
    3 FOOD SECURITY - GROWING WAPELLO TOGETHER IS AN INITIATIVE LED BY THE FOUNDATION TO IMPROVE FOOD SECURITY IN WAPELLO COUNTY. A CONSORTIUM OF SOCIAL SERVICE ORGANIZATIONS AND OTHER VOLUNTEERS HAVE BEEN CONVENED TO IMPROVE THE CURRENT SYSTEMS, COORDINATE EFFORTS AND ULTIMATELY IMPROVE OUTCOMES FOR OUR CITIZENS. 80,272
    4 OTHER CHARITABLE ACTIVITIES: JOBS: OTTUMWA MUST ATTRACT AND CREATE GOOD PAYING 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: OTTUMWA WILL HAVE ACCESS TO A FIRST CLASS EDUCATION AND TRAINING OPPORTUNITIES. 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: OTTUMWA NEEDS TO PROVIDE QUALITY HOUSING THAT IS APPEALING TO PROFESSIONALS AND MIDDLE INCOME WORKERS. 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. 34,594
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 MARKET ON MAIN - THE MARKET IS A 12,000 SQUARE FOOT FACILITY AT THE CORNER OF MAIN AND JEFFERSON STREETS. THE BUILDING HAS BEEN RENOVATED TO BE A TOWN SQUARE, COMMUNITY MARKETPLACE AND BUSINESS INCUBATOR. THE BUILDING WAS RECEIVED THROUGH A SETTLEMENT AGREEMENT WITH OTTUMWA PROPERTY REDEVELOPMENT COMPANY. THE VISION FOR THE MARKET IS TO CREATE EASY ACCESS TO LOCAL FOODS, PROVIDE AN ENVIRONMENT FOR SMALL BUSINESSES TO THRIVE AND SERVE AS A LOCATION FOR VARIOUS EVENTS. THE MARKET IS AN IMPORTANT PART OF THE REVITALIZATION OF DOWNTOWN. 882,991
    2 RIPPLING WATERS PROPERTY DEVELOPMENT, LLC, A LAND BANKING ORGANIZATION WHICH IS A SOLELY-OWNED LLC, WAS ESTABLISHED IN 2015 TO ASSIST IN OUR REVITALIZATION EFFORTS. A BUILDING WAS ACQUIRED AND REMODELED TO HOUSE A CALL CENTER. ATTRACTING A NEW CALL CENTER BUSINESS TENANT CREATES NEEDED JOBS FOR OTTUMWA CITIZENS. 1,169,653
    All other program-related investments. See instructions.
    3 Click to see attachment 5,314
    Total. Add lines 1 through 3.........................bullet2,057,958
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    64,592,257
    b
    Average of monthly cash balances.......................
    1b
    3,676,619
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    68,268,876
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    68,268,876
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,024,033
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    67,244,843
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    3,362,242
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    3,362,242
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    84,003
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    84,003
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,278,239
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    7,700
    5
    Add lines 3 and 4............................
    5
    3,285,939
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    3,285,939
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    3,201,852
    b
    Program-related investments—total from Part IX-B..................
    1b
    2,057,958
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    560,261
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    5,820,071
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    5,820,071
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2014     		(c)
    2014     		(d)
    2015
    1 Distributable amount for 2015 from Part XI, line 7 3,285,939
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2015:
    a From 2010......  
    b From 2011......  
    c From 2012......  
    d From 2013......  
    e From 2014......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 5,820,071
    a Applied to 2014, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2015 distributable amount..... 3,285,939
    e Remaining amount distributed out of corpus 2,534,132
    5 Excess distributions carryover applied to 2015. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 2,534,132
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		2,534,132
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012....  
    c Excess from 2013....  
    d Excess from 2014....  
    e Excess from 2015.... 2,534,132
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2015, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2015 (b) 2014 (c) 2013 (d) 2012
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    KELLY GENNERS
    111 E MAIN STREET
    OTTUMWA,IA52501
    (641) 455-5260
    KGENNERS@ORLF.ORG
    bThe form in which applications should be submitted and information and materials they should include:
    THE FOUNDATION USES AN ONLINE GRANT APPLICATION PROCESS. REQUIRED INFORMATION INCLUDES THE FOLLOWING: - A SUMMARY OF THE PROJECT - GEOGRAPHIC AREA TO BE SERVED - DEMOGRAPHICS OF THOSE TO BE SERVED (GENDER, AGE, ETHNICITIES, ETC.) - GOALS OF THE PROJECT/INITIATIVE - PLANS TO ACCOMPLISH PROJECT GOALS - A DESCRIPTION OF THE WAYS IN WHICH THE PROJECT WILL IMPROVE THE LIVES OF THE COMMUNITY RESIDENTS - A DESCRIPTION OF THE WAYS IN WHICH THE PROJECT WILL ADDRESS COMMUNITY NEEDS - TIMETABLE FOR IMPLEMENTATION - STRATEGY FOR PROJECT SUSTAINABILITY - STRATEGIC PARTNERS - EVALUATION PLANS - USE OF EVALUATION RESULTS - ANTICIPATED MEASURABLE OUTCOMES - WHETHER PROJECT COSTS WERE BID COMPETITIVELY - WHETHER THE PROJECT SUPPORTS OTHER LOCAL BUSINESSES - PROJECT BUDGET - IRS FORM 990, IRS TAX EXEMPT DETERMINATION LETTER, AUDITED FINANCIAL STATEMENTS, LETTER FROM BOARD CHAIR, IF APPLICABLE. - OTHER PERTINENT DOCUMENTS MAY ALSO BE REQUIRED
    cAny submission deadlines:
    APPLICATIONS ARE ACCEPTED 3 TIMES PER YEAR. SUBMISSION DEADLINES ARE AVAILABLE ONLINE.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    GEOGRAPHICAL AREA SERVED IS THE CITY OF OTTUMWA AND WAPELLO COUNTY.
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    AGENCY FIRE & RESCUE
    101 E MAIN STREET
    AGENCY,IA52530     		  PC GRANT TO PURCHASE NEW SET OF HYDRAULIC EXTRICATION TOOLS (JAWS OF LIFE) 18,000
    AGENCY FIRE & RESCUE
    101 E MAIN STREET
    AGENCY,IA52530     		  PC GRANT TO BE USED TO PURCHASE AND INSTALL NEW WARNING SIREN FOR THE CITY OF AGENCY 10,065
    AMERICAN HOME FINDING ASSN
    217 E FIFTH STREET
    OTTUMWA,IA52501     		  PC GRANT TO IMPLEMENT A FOOD BACKPACK PROGRAM AT THE OTTUMWA HIGH SCHOOL 14,000
    AMERICAN HOME FINDING ASSN
    217 E FIFTH STREET
    OTTUMWA,IA52501     		  PC GRANT FOR TRAVEL EXPENSES RELATED TO THE FOSTER GRANDPARENTS PROGRAM 6,000
    AMERICAN HOME FINDING ASSN
    217 E FIFTH STREET
    OTTUMWA,IA52501     		  PC GRANT FOR THE PURCHASE OF CRIBS 750
    AMERICAN RED CROSS
    408 E MAIN STREET
    OTTUMWA,IA52501     		  PC GRANT FOR FIRE ALARM INSTALLATION CAMPAIGN IN WAPELLO COUNTY 10,000
    AMERICAN RED CROSS
    408 E MAIN STREET
    OTTUMWA,IA52501     		  PC HEROS OF THE HEARTLAND - CIVIC SPONSORSHIP 1,100
    BEST BUDDIES INTERNATIONAL INC
    1000 SE 2ND STREET
    MIAMI,FL33131     		  PC GRANT FOR THE IMPLEMENTATION OF BEST BUDDIES CHAPTER AT EVANS MIDDLE SCHOOL 7,500
    BLAKESBURG SUMMER BALL PARENTS BLAKESBURG IOWA
    23528 BLUEGRASS ROAD
    BLAKESBURG,IA52536     		  PC GRANT TO ASSIST IN THE PURCHASE OF NEW BALL FIELD LIGHTS AT THE BLAKESBURG LITTLE LEAGUE BALL FIELD 20,000
    BRIDGE VIEW CENTER
    102 CHURCH STREET
    OTTUMWA,IA52501     		  PC GRANT TO BE USED FOR EXPENSES RELATING TO THE DESIGN AND PRINTING OF A NEW COMPREHENSIVE VISITORS GUIDE 4,667
    BRIDGE VIEW CENTER
    102 CHURCH STREET
    OTTUMWA,IA52501     		  PC CHUTE SPONSOR FOR 2014 BOA FINALS AND CHUCKWAGON SPONSOR 2,500
    BRIDGE VIEW CENTER
    102 CHURCH STREET
    OTTUMWA,IA52501     		  PC SPONSORSHIP OF SAWYER BROWN CONCERT 2,000
    CHIEF WAPELLO TRAIL COMMITTEE INC
    1125 N ADAMS AVE
    OTTUMWA,IA52501     		  PC GRANT FOR MATERIALS TO UPGRADE THE CHIEF WAPELLO MEETING BUILDING 8,558
    CHILDREN AND FAMILIES OF IOWA
    1111 UNIVERSITY AVE
    DES MOINES,IA50314     		  PC GRANT FOR ACE'S TRAINING, DRUG ENDANGERED EDUCATION OPPORTUNITIES FOR YOUTH COMMUNITY PROGRAMMING IN WAPELLO COUNTY 9,000
    CHILDREN AND FAMILIES OF IOWA
    1111 UNIVERSITY AVE
    DES MOINES,IA50314     		  PC GRANT FOR THE SUPPORT OF CFI PROGRAMS 1,500
    CITY OF OTTUMWA
    105 E THIRD STREET
    OTTUMWA,IA52501     		  GOV DOWNTOWN ROOF REPLACEMENT PROGRAM 100,000
    CITY OF OTTUMWA
    105 E THIRD STREET
    OTTUMWA,IA52501     		  GOV GRANT FOR JULY 4TH FIREWORKS 3,000
    CITY OF OTTUMWA
    105 E THIRD STREET
    OTTUMWA,IA52501     		  GOV GRANT FOR EMOTIONAL INTELLIGENCE TRAINING 1,706
    CITY OF OTTUMWA
    105 E THIRD STREET
    OTTUMWA,IA52501     		  GOV GRANT TO SUPPORT EXPENSES OF THE MARKET STREET BRIDGE 350,000
    CRISIS CENTER & WOMEN'S SHELTER
    PO BOX 446
    OTTUMWA,IA52501     		  PC GRANT TO PROVIDE SAFE HOUSING UNITS FOR VICTIMS OF DOMESTIC VIOLENCE 24,000
    CRISIS CENTER & WOMEN'S SHELTER
    PO BOX 446
    OTTUMWA,IA52501     		  PC CAPACITY GRANT 5,000
    FIRST RESOURCES CORPORATION
    333 N COURT
    OTTUMWA,IA52501     		  PC GRANT FOR HOPE HOUSE-PROPERTY DOWNPAYMENT 33,750
    FIRST RESOURCES CORPORATION
    333 N COURT
    OTTUMWA,IA52501     		  PC CAPACITY GRANT 5,000
    FRIENDS OF LAKE WAPELLO
    PO BOX 214
    BLOOMFIELD,IA52537     		  PC GRANT TO PURCHASE EQUIPMENT FOR LAKE WAPELLO BAIT HOUSE TO BE RENTED TO SUPPORT OPERATIONS 5,053
    FRIENDS OF NAS OTTUMWA INC
    14550 TERMINAL AVE
    OTTUMWA,IA52501     		  PC GRANT FOR AN ARCHITECTURAL SURVEY OF THE ADMINISTRATION BUILDING AT THE FORMER NAVAL AIR STATION 16,000
    GOTHIC AREA TOURISM OF ELDON
    414 CORNELL ST
    ELDON,IA52554     		  PC GRANT FOR EXPENSES RELATED TO THE RESTORATION AND REPAIR OF THE ELDON PUBLIC LIBRARY 10,000
    GREATER OTTUMWA VOCAL ARTS PROJECT INC
    PO BOX 789
    OTTUMWA,IA52501     		  PC GRANT FOR THE PURCHASE OF PORTABLE LIGHTING SYSTEM 11,000
    PRAIRIE HILLS AT PENN PLACE
    2871 HEINZ ROAD SUITE B
    IOWA CITY,IA52240     		  NC SYLVAN WOODS CARE FUND NOVEMBER 2014 42,075
    HOWARD COUNTY CHARITABLE PROJECTS INC
    227 N ELM ST
    CRESCO,IA52136     		  PC GRANT FOR THE INSTALLATION OF HANDICAPPED DOORS AND VARIOUS BUILDING IMPROVEMENTS AT THE BLESSINGS SOUP KITCHEN 2,000
    INDIAN HILLS COMMUNITY COLLEGE
    525 GRANDVIEW AVE
    OTTUMWA,IA52501     		  PC SPONSORSHIP OF DIVERSITY CONFERENCE 3,000
    INDIAN HILLS COMMUNITY COLLEGE DEVELOPMENT INC
    525 GRANDVIEW AVE
    OTTUMWA,IA52501     		  SO III FI EXPENSES FOR 2014-2015 HEALTH CAREER ACADEMY 2,859
    IOWA JUSTICE FOR OUR NEIGHBORSUNITED METHODIST CHURCH
    PO BOX 41006
    DES MOINES,IA50311     		  PC GRANT FOR EXPENSES OF MONTHLY LEGAL CLINICS TO ASSIST LOW-INCOME IMMIGRANTS WITH THEIR LEGAL IMMIGRATION CASES 7,000
    IOWA LEGAL AID
    112 E 3RD ST
    OTTUMWA,IA52501     		  PC GRANT TO UPGRADE TECHNOLOGY THROUGH THE PURCHASE OF DICTATION EQUIPMENT, PRINTERS AND DESKTOP COMPUTERS 3,750
    IOWA SPECIAL OLYMPICS INC
    PO BOX 620
    GRIMES,IA50111     		  PC GRANT FOR UNIFORM, EQUIPMENT OR TRAVEL EXPENSES I RELATION TO THE OTTUMWA BULLDOGS SPECIAL OLYMPICS TEAM 5,000
    JEFFERSON COUNTY HEALTH CENTER
    2000 S MAIN STREET
    FAIRFIELD,IA52556     		  GOV DISTRIBUTION OF 2014 SCHWARTZ FUND TO PURCHASE EQUIPMENT 23,310
    LIVING HOPE BIBLE CHURCH
    201 W WALNUT STREET
    ELDON,IA52554     		  PC GRANT FOR SUMMER SCHOOL TO BE HELD IN JUNE & JULY 2015 AT CARDINAL SCHOOLS 30,000
    ALLEN COLLEGE
    1825 LOGAN AVENUE
    WATERLOO,IA50703     		  PC SCHOLARSHIPS 750
    CENTRAL COLLEGE
    812 UNIVERSITY
    PELLA,IA50219     		  PC SCHOLARSHIPS 1,750
    CORNELL COLLEGE
    600 1ST ST SW
    MT VERNON,IA52314     		  PC SCHOLARSHIPS 1,350
    OTTUMWA ATHLETIC CLUB INC
    PO BOX 533
    OTTUMWA,IA52501     		  PC GRANT FOR EXPENSES IN RELATION TO THE STARTUP OF A TRAPSHOOTING PROGRAM AT EVANS MIDDLE SCHOOL 9,050
    OTTUMWA CIVIC MUSIC ASSOCIATION
    PO BOX 854
    OTTUMWA,IA52501     		  PC GRANT FOR EXPENSE RELATED TO "PIANO MEN" PRODUCTION 2,500
    OTTUMWA COMMUNITY PLAYERS
    PO BOX 763
    OTTUMWA,IA52501     		  PC GRANT TO PURCHASE A WIRELESS MICROPHONE SYSTEM 20,000
    OTTUMWA COMMUNITY SCHOOL DISTRICT
    1112 N VAN BUREN
    OTTUMWA,IA52501     		  PC YEAR 3 DISBURSEMENT - LEADING & LEARNING 21ST CENTURY 302,900
    CREIGHTON UNIVERSITY
    2500 CALIFORNIA PLAZA
    OMAHA,NE68178     		  PC SCHOLARSHIPS 2,350
    OTTUMWA ECONOMIC DEVELOPMENT CORPORATION
    217 E MAIN STREET
    OTTUMWA,IA52501     		  NC GRANT FOR ALLIANT ENERGY SUBSTATION WALL 72,829
    OTTUMWA HIGH SCHOOL MUSIC BOOSTERS INC
    501 E SECOND STREET
    OTTUMWA,IA52501     		  PC GRANT TO PURCHASE 3 SOUSAPHONES FOR THE OTTUMWA HIGH SCHOOL MARCHING BAND 12,285
    OTTUMWA HIGH SCHOOL MUSIC BOOSTERS INC
    501 E SECOND STREET
    OTTUMWA,IA52501     		  PC GRANT TO SUPPORT THE OHS MARCHING BAND STUDENTS IN THEIR EFFORTS TO TRAVEL TO WAIKIKI, HI TO MARCH IN THE PEARL HARBOR MEMORIAL PARADE 30,000
    OTTUMWA HIGH SCHOOL MUSIC BOOSTERS INC
    501 E SECOND STREET
    OTTUMWA,IA52501     		  PC GRANT TO PURCHASE BEGINNER INSTRUMENTS FOR THE OTTUMWA SCHOOLS ORCHESTRA PROGRAM 8,157
    DES MOINES UNIVERSITY
    3200 GRAND AVE
    DES MOINES,IA50312     		  GOV SCHOLARSHIPS 1,350
    DRAKE UNIVERSITY
    2507 UNIVERSITY AVE
    DES MOINES,IA50311     		  PC SCHOLARSHIPS 4,350
    INDIAN HILLS COMMUNITY COLLEGE
    525 GRANDVIEW AVE
    OTTUMWA,IA52501     		  PC SCHOLARSHIPS 2,350
    SBBF INC
    8833 163RD AVE
    OTTUMWA,IA52501     		  PC GRANT TO PURCHASE NEW BLEACHERS FOR THE OTTUMWA YOUTH BASEBALL COMPLEX IN ANTICIPATION OF THE WORLD SERIES EVENT IN AUGUST 2016 30,000
    IOWA WESLEYAN UNIVERSITY
    601 N MAIN ST
    MT PLEASANT,IA52641     		  PC SCHOLARSHIPS 500
    THE BRIDGE CHURCH
    1111 WILDWOOD DR
    OTTUMWA,IA52501     		  PC GRANT FOR EXPENSES RELATED TO RENOVATION OF FORMER YWCA BUILDIGN IN DOWNTOWN OTTUMWA 25,000
    VICTORY RANCH
    4633 160TH AVE
    OTTUMWA,IA52501     		  PC GRANT FOR "SEED TO SEAT" PROGRAM WHICH EDUCATES YOUTH ON FOOD CHOICES, NUTRITION AND HEALTH EATING 6,000
    WAPELLO COUNTY 4-H EXPO
    700 FARM CREDIT DRIVE
    OTTUMWA,IA52501     		  PC GRANT FOR THE CLOVER KIDS AFTERSCHOOL PROGRAM AND THE JUNTOS PROGRAM 21,772
    ST JOSEPHS COLLEGE OF MAIN
    278 WHITE BRIDGES ROAD
    STANDISH,ME04084     		  PC SCHOLARSHIPS 1,000
    WAPELLO COUNTY HISTORICAL SOCIETY
    210 W MAIN ST
    OTTUMWA,IA52501     		  PC GRANT TO SUPPORT THE IMPLEMENTATION OF LED LIGHTING IN THE WAPELLO COUNTY HISTORICAL MUSEUM 7,500
    WAPELLO COUNTY TRAILS COUNCIL
    419 CHURCH ST
    OTTUMWA,IA52501     		  PC GRANT TO SUPPORT THE OTTUMWA ROTARY CENTENNIAL GARDENS PROJECT 7,500
    WAPELLO COUNTY TRAILS COUNCIL
    419 CHURCH ST
    OTTUMWA,IA52501     		  PC GRANT FOR HWY 34 UNDERPASS PROJECT 260,000
    YMCA
    611 N HANCOCK
    OTTUMWA,IA52501     		  PC GRANT TO PURCHASE A NEW BOILER FOR THE YMCA BUILDING 18,000
    YMCA
    611 N HANCOCK
    OTTUMWA,IA52501     		  PC GRANT FOR ENHANCEMENTS AND RENOVATIONS TO THE YMCA KITCHEN AREA 11,600
    OTTUMWA ECONOMIC DEVELOPMENT CORPORATION
    217 E MAIN STREET
    OTTUMWA,IA52501     		  PC CAPACITY GRANT 23,000
    UNIVERSITY OF IOWA
    5 CALVIN HALL
    IOWA CITY,IA52242     		  GOV SCHOLARSHIPS 10,400
    CARDINAL COMMUNITY SCHOOL DISTRICT
    4045 ASHLAND ROAD
    ELDON,IA52554     		  PC YEAR 2 GRANT DISBURSEMENT - 21ST CENTURY CLASSROOM 90,000
    WARTBURG COLLEGE
    100 WARTBURG BLVD
    WAVERLY,IA50677     		  PC SCHOLARSHIPS 750
    WILLIAM PENN UNIVERSITY
    201 TRUEBLOOD AVE
    OSKALOOSA,IA52577     		  PC SCHOLARSHIPS 750
    Total .................................bullet 3a 1,784,886
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ...........     		         
    4 Dividends and interest from securities....     14 1,382,474  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property     		         
    7 Other investment income.....         248,763
    8
    Gain or (loss) from sales of assets other than inventory ............     		        2,824,074
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..         31,641
    11 Other revenue:
    aTUITION & DUES     		        17,313
    bRESERVES RELEASED         200,000
    cGRANTS RETURNED         7,700
    dMISCELLANEOUS INCOME         6,175
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 1,382,474 3,335,666
    13Total. Add line 12, columns (b), (d), and (e)..................
    134,718,140
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    11A TUITION & DUES FROM THE LEADERSHIP ACADEMY
    11B RELEASE OF RESERVES FROM THE SALE OF THE HOSPITAL
    11C GRANT FUNDS RETURNED PURSUANT TO TERMS OF GRANT AGREEMENTS
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2015)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
    OMB No. 1545-0047
    2015
    Name of the organization
    OTTUMWA REGIONAL LEGACY FOUNDATION INC
     
    Employer identification number

    42-0681060
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015) Page 2
    Name of organization
    OTTUMWA REGIONAL LEGACY FOUNDATION INC
          		Employer identification number
    42-0681060
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    BECK MEMORIAL TRUST
     

       
    123 E THIRD STREET
     
    OTTUMWA, IA52501

    		$ 25,536


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    OTTUMWA PROPERTY & REDEVELOPMENT CORPORATION
     

       
    217 E MAIN STREET
     
    OTTUMWA, IA52501

    		$ 746,669


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    GEORGE BENSON TRUST
     

       
    320 CHURCH STREET
     
    OTTUMWA, IA52501

    		$ 211,590


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    4
    INDIGENT ENDOWMENT
     

       
    123 E THIRD STREET
     
    OTTUMWA, IA52501

    		$ 25,831


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    5
    SOUTH OTTUMWA SAVINGS BANK
     

       
    320 CHURCH STREET
     
    OTTUMWA, IA52501

    		$ 20,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    6
    SUSAN HACKWORTH TRUST
     

       
    123 E THIRD STREET
     
    OTTUMWA, IA52501

    		$ 9,589


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Name of organization
    OTTUMWA REGIONAL LEGACY FOUNDATION INC
          		Employer identification number
    42-0681060
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    7
     
     

    STACY WASSON  
    7 CARTER COURT LANE
     
    OTTUMWA, IA52501

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Page 3
    Name of organization
    OTTUMWA REGIONAL LEGACY FOUNDATION INC
          		Employer identification number

    42-0681060
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    2
    		 LAND AND BUILDINGS. FMV IS NET OF ASSUMED DEBT. $ 746,669 2015-01-01
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Page 4
    Name of organization
    OTTUMWA REGIONAL LEGACY FOUNDATION INC
          		Employer identification number

    42-0681060
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2015 AccountingFeesSchedule
    Name:
    OTTUMWA REGIONAL LEGACY FOUNDATION INC
    EIN:
    42-0681060
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING/AUDIT FEES 30,177 0   30,177

    TY 2015 AllOthProgRltdInvestmentsSch
    Name:
    OTTUMWA REGIONAL LEGACY FOUNDATION INC
    EIN:
    42-0681060
    Category Amount
    MICRO LOANS - THE MISSION OF THE WAPELLO COUNTY MICRO LOAN PROGRAM IS TO PROMOTE ENTREPRENEURSHIP AND SMALL BUSINESS ACTIVITY THROUGH PARTNERSHIPS AND COLLABORATION. AN ADVISORY COMMITTEE HAS BEEN ESTABLISHED TO SOLICIT AND REVIEW LOAN APPLICATIONS. THE COMMITTEE THEN RECOMMENDS OR DENIES THE MICR 5,314

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2015 DepreciationSchedule
    Name:
    OTTUMWA REGIONAL LEGACY FOUNDATION INC
    EIN:
    42-0681060
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    BUILDING 2011-07-01 299,499 30,787 SL 15.000000000000 21,845 0    
    EQUIPMENT 2011-07-01 103,310 32,942 SL 5.000000000000 12,680 0    
    LEASEHOLD IMPROVEMENTS 2011-07-01 14,812 14,812 SL 3.000000000000 0 0    
    LAND 2011-07-01 11,277   L   0 0    
    CONSTRUCTION IN PROCESS 2011-07-01 1,139,151   SL 0 % 0 0    

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2015 ExpenditureResponsibilityStmt
    Name:
    OTTUMWA REGIONAL LEGACY FOUNDATION INC
    EIN:
    42-0681060
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    PRAIRIE HILLS AT PENN PLACE OPERATIONS LLC
          		2871 HEINZ ROAD SUITE B
    IOWA CITY,IA52240     		2015-01-01 42,075 TO SUBSIDIZE 5 MEDICAID RESIDENTS AT SYLVAN WOODS TO ALLOW THEM TO REMAIN AT THE RETIREMENT COMMUNITY. 42,075 NONE NOT YET DUE   NO NEED FOR VERIFICATION HAS BEEN IDENTIFIED.
    OTTUMWA ECONOMIC DEVELOPMENT CORPORATION
          		217 E MAIN STREET
    OTTUMWA,IA52501     		2015-09-03 72,829 GRANT FOR ALLIANT ENERGY SUBSTATION WALL 72,829 NONE 10/19/15   NO NEED FOR VERIFICATION HAS BEEN IDENTIFIED.

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    OTTUMWA REGIONAL LEGACY FOUNDATION INC
    EIN:
    42-0681060
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CORPORATE BONDS 5,057,928 5,057,928

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    OTTUMWA REGIONAL LEGACY FOUNDATION INC
    EIN:
    42-0681060
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CORPORATE STOCK 15,767,909 15,767,909

    TY 2015 InvestmentsGovtObligationsSch
    Name:
    OTTUMWA REGIONAL LEGACY FOUNDATION INC
    EIN:
    42-0681060
    US Government Securities - End of Year Book Value:

    2,558,667
    US Government Securities - End of Year Fair Market Value:

    2,558,667
    State & Local Government Securities - End of Year Book Value:


    135,255
    State & Local Government Securities - End of Year Fair Market Value:


    135,255


    TY 2015 InvestmentsOtherSchedule2
    Name:
    OTTUMWA REGIONAL LEGACY FOUNDATION INC
    EIN:
    42-0681060
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    BENEFICIAL INTEREST IN PERPETUAL TRUSTS FMV 0 0
    MUTUAL FUNDS FMV 23,691,126 23,691,126
    ALTERNATIVE INVESTMENTS FMV 20,287,881 20,287,881

    TY 2015 LandEtcSchedule2
    Name:
    OTTUMWA REGIONAL LEGACY FOUNDATION INC
    EIN:
    42-0681060
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    BUILDING 299,499 52,632 246,867 246,867
    EQUIPMENT 103,310 45,622 57,688 57,688
    LEASEHOLD IMPROVEMENTS 14,812 14,812 0 0
    LAND 11,277 0 11,277 11,277
    CONSTRUCTION IN PROCESS 1,139,151 0 1,139,151 1,139,151


    TY 2015 LegalFeesSchedule
    Name:
    OTTUMWA REGIONAL LEGACY FOUNDATION INC
    EIN:
    42-0681060
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 12,795 0   12,795


    TY 2015 MortgagesAndNotesPayableSch
    Name:
    OTTUMWA REGIONAL LEGACY FOUNDATION INC
    EIN:
    42-0681060
    Total Mortgage Amount: 365,013

    Item No. 1
    Lender's Name SOUTH OTTUMWA SAVINGS BANK
    Lender's Title LENDER
    Relationship to Insider NONE
    Original Amount of Loan 365,013
    Balance Due 365,013
    Date of Note 2015-03
    Maturity Date 2025-03
    Repayment Terms  
    Interest Rate 3.650000000000
    Security Provided by Borrower REAL ESTATE
    Purpose of Loan  
    Description of Lender Consideration  
    Consideration FMV  


    TY 2015 OtherAssetsSchedule
    Name:
    OTTUMWA REGIONAL LEGACY FOUNDATION INC
    EIN:
    42-0681060
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    RECEIVABLE RELATED TO ASSET PURCHASE AGREEMENT 765,500 473,250 473,250
    OTHER RECEIVABLES 87,767 133,801 133,801
    PRI - MARKET ON MAIN (NBV) 0 864,756 864,756
    PRI - MICROLOANS RECEIVABLE 8,965 14,279 14,279
    PRI - RIPPLING WATERS PROPERTY (NBV) 0 1,143,452 1,143,452


    TY 2015 OtherDecreasesSchedule
    Name:
    OTTUMWA REGIONAL LEGACY FOUNDATION INC
    EIN:
    42-0681060
    Description Amount
    UNREALIZED LOSS ON INVESTMENTS 5,602,349
    CHANGE IN VALUE OF BENEFICIAL TRUSTS 333,009
    TRANSFER OF INTEREST IN PERPETUAL TRUST 2,270,337


    TY 2015 OtherExpensesSchedule
    Name:
    OTTUMWA REGIONAL LEGACY FOUNDATION INC
    EIN:
    42-0681060
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADVERTISING AND PROMOTION 23,970 0   23,970
    OFFICE EXPENSE 70,786 4,582   66,204
    INSURANCE 20,505 4,159   16,346
    DUES & LICENSES 8,027 884   7,143
    MISCELLANEOUS EXPENSE 15,991 387   15,604
    BANK FEES 5,723 5   5,718
    OTHER PROGRAM SERVICE EXPENSES 69,695 0   69,695
    ACCRUAL TO CASH ADJUSTMENT 0 0   -164,146
    OTHER PORTFOLIO DEDUCTIONS - SCH K-1S 0 10,179   0


    TY 2015 OtherIncomeSchedule2
    Name:
    OTTUMWA REGIONAL LEGACY FOUNDATION INC
    EIN:
    42-0681060
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PRI - MICRO LOAN INTEREST INCOME 903 903 903
    PRI - MKT ON MAIN RENT INCOME 23,597 23,597 23,597
    PRI - RIPPLING WTRS RENT INCOME 224,263 224,263 224,263
    OTHER PORTFOLIO INCOME - SCH K-1S 0 26,636 0
    TUITION & DUES 17,313   17,313
    RESERVES RELEASED 200,000   200,000
    GRANTS RETURNED 7,700   7,700
    MISCELLANEOUS INCOME 6,175   6,175


    TY 2015 OtherLiabilitiesSchedule
    Name:
    OTTUMWA REGIONAL LEGACY FOUNDATION INC
    EIN:
    42-0681060
    Description Beginning of Year - Book Value End of Year - Book Value
    AUXILIARY FUNDS PAYABLE 505,320 523,417
    ESTIMATED OBLIGATIONS - ASSET PURCHASE AGREEMENT 1,540,163 985,194
    AGENCY FUNDS PAYABLE 226,824 214,522


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    OTTUMWA REGIONAL LEGACY FOUNDATION INC
    EIN:
    42-0681060
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 295,788 295,788   0
    CONSULTING FEES 502,717 25,461   477,256
    SANDERSON INT'L INVEST FEES SCH K-1 0 30,180   0


    TY 2015 TaxesSchedule
    Name:
    OTTUMWA REGIONAL LEGACY FOUNDATION INC
    EIN:
    42-0681060
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 46,949 5,376   41,573
    EXCISE TAX 80,000 0   0
    FOREIGN TAXES - SCH K-1S 0 7,311   0