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.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
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. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... 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$69,906,522J 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) 111,643
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 2,008,794 2,103,796  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,382,757
b Gross sales price for all assets on line 6a 17,151,251
7 Capital gain net income (from Part IV, line 2)... 2,754,860
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances 147,329
b Less: Cost of goods sold.... 65,840
c Gross profit or (loss) (attach schedule)..... 81,489  
11 Other income (attach schedule)....... Click to see attachment 657,381 409,609  
12 Total. Add lines 1 through 11........ 5,242,064 5,268,265  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 275,525 41,329   234,196
14 Other employee salaries and wages...... 688,889 40,015   648,874
15 Pension plans, employee benefits....... 198,674 9,843   188,831
16a Legal fees (attach schedule)......... Click to see attachment 17,187 819   16,368
b Accounting fees (attach schedule)....... Click to see attachment 30,014 0   30,014
c Other professional fees (attach schedule).... Click to see attachment 642,463 324,058   318,405
17 Interest............... 9,752 9,752   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 92,666 10,451   65,586
19 Depreciation (attach schedule) and depletion... Click to see attachment 306,215 100,191  
20 Occupancy.............. 75,534 48,670   26,864
21 Travel, conferences, and meetings....... 96,498 1,230   95,268
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 403,487 29,704   245,808
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,836,904 616,062   1,870,214
25 Contributions, gifts, grants paid....... 2,255,482 2,255,482
26 Total expenses and disbursements. Add lines 24 and 25 5,092,386 616,062   4,125,696
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 149,678
b Net investment income (if negative, enter -0-) 4,652,203
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
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............. 629,308 227,341 227,341
2 Savings and temporary cash investments......... 1,819,983 1,908,355 1,908,355
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        
8 Inventories for sale or use.............. 6,477 6,126 6,126
9 Prepaid expenses and deferred charges.......... 178,654 50,636 50,636
10a Investments—U.S. and state government obligations (attach schedule) 2,972,998 Click to see attachment2,296,952 2,296,952
b Investments—corporate stock (attach schedule)....... 13,927,607 Click to see attachment9,243,800 9,243,800
c Investments—corporate bonds (attach schedule)....... 4,710,811 Click to see attachment4,241,773 4,241,773
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 48,089,557 Click to see attachment45,777,181 45,777,181
14 Land, buildings, and equipment: basis bullet1,925,598
Less: accumulated depreciation (attach schedule) bullet368,638 1,633,691 Click to see attachment1,556,960 1,556,960
15 Other assets (describe bullet) Click to see attachment4,688,178 Click to see attachment4,597,398 Click to see attachment4,597,398
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 78,657,264 69,906,522 69,906,522
Liabilities 17 Accounts payable and accrued expenses.......... 131,300 244,238
18 Grants payable.................    
19 Deferred revenue................. 33,836 39,807
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)...... 404,849 Click to see attachment370,854
22 Other liabilities (describe bullet) Click to see attachment294,073 Click to see attachment25,000
23 Total liabilities (add lines 17 through 22)......... 864,058 679,899
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 72,170,201 64,200,902
25 Temporarily restricted............... 3,092,042 5,025,721
26 Permanently restricted............... 2,530,963 0
Foundations that do not follow SFAS 117, check here 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)..... 77,793,206 69,226,623
31 Total liabilities and net assets/fund balances (see instructions). 78,657,264 69,906,522
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
77,793,206
2
Enter amount from Part I, line 27a .....................
2
149,678
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
77,942,884
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
8,716,261
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
69,226,623
Form 990-PF (2018)
Form 990-PF (2018)
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 DATES SOLD   2018-01-01 2018-06-30
b PUBLICLY TRADED SECURITIES - VARIOUS DATES SOLD   2017-01-01 2018-12-31
c SANDERSON INTERNATIONAL VALUE FUND PSHIP INTEREST P 2012-01-01 2018-12-31
d SANDERSON INTERNATIONAL VALUE FUND - SCH K-1 P 2017-01-01 2018-12-31
e SANDERSON INTERNATIONAL VALUE FUND - SCH K-1 P 2018-01-01 2018-12-31
RC IV LLC - SCH K-1 P 2018-01-01 2018-12-31
RC IV LLC - SCH K-1 P 2017-01-01 2018-12-31
HARBOURVEST REAL ESTATE - SCH K-1 P 2017-01-01 2018-12-31
(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 1,001,622   1,033,237 -31,615
b 16,149,629   13,735,257 2,414,372
c 3,375,093   3,375,091 2
d 354,618     354,618
e 4,277     4,277
6,531     6,531
4,752     4,752
1,923     1,923
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       -31,615
b       2,414,372
c       2
d       354,618
e       4,277
      6,531
      4,752
      1,923
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 2,754,860
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))
2017 4,711,185 66,925,658 0.070394
2016 7,387,833 66,164,391 0.111659
2015 5,820,071 67,244,843 0.086550
2014      
2013      
2
Total of line 1, column (d) .....................
2
0.268603
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.089534
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
63,408,777
5
Multiply line 4 by line 3......................
5
5,677,241
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
46,522
7
Add lines 5 and 6........................
7
5,723,763
8
Enter qualifying distributions from Part XII, line 4,.............
8
4,344,466
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 (2018)
Form 990-PF (2018)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 93,044
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 93,044
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 93,044
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 20,000
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 75,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 95,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 1,351
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 10 605
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet0 RefundedBullet 11 605
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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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 2018 or the taxable year beginning in 2018? See the 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 (2018)
    Form 990-PF (2018)
    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 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, 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 the instructions for exceptions and filing requirements for FinCEN Form 114. 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 2018?.............
    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 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    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 2018 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 2018.)..................
    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 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    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:
    Yes
    No
    (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
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    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
    ELDON HUNSICKER CHAIR
    1.00     		0 0 0
    111 EAST MAIN STREET
    OTTUMWA,IA52501
    MARLENE SPROUSE VICE CHAIR
    1.00     		0 0 0
    111 EAST MAIN STREET
    OTTUMWA,IA52501
    MARK FRANKE TREASURER/SECRETARY
    1.00     		0 0 0
    111 EAST MAIN STREET
    OTTUMWA,IA52501
    BYRON LEU PAST CHAIR
    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
    DR DEBRA MILLER 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
    HIMAR HERNANDEZ DIRECTOR
    1.00     		0 0 0
    111 EAST MAIN STREET
    OTTUMWA,IA52501
    NATALIE BOLIN DIRECTOR
    1.00     		0 0 0
    111 EAST MAIN STREET
    OTTUMWA,IA52501
    R BRADLEY LITTLE PRESIDENT/CEO THRU 6/2018
    40.00     		9,076 0 0
    111 EAST MAIN STREET
    OTTUMWA,IA52501
    MADONNA FISHER VP OF FINANCE
    40.00     		156,608 15,712 0
    111 EAST MAIN STREET
    OTTUMWA,IA52501
    STEVE DUST PRESIDENT/CEO
    40.00     		109,842 21,069 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     		153,030 29,179 0
    111 EAST MAIN STREET
    OTTUMWA,IA52501
    HOLLIE TOMETICH EXEC. DIRECTOR OTTUM
    40.00     		88,676 21,774 0
    111 EAST MAIN STREET
    OTTUMWA,IA52501
    SEAN FLATTERY EXEC. DIRECTOR RIPPL
    40.00     		81,029 9,545 0
    111 EAST MAIN STREET
    OTTUMWA,IA52501
    DAVID CAMPHOUSE EXEC. DIRECTOR MARKE
    40.00     		70,301 9,024 0
    111 EAST MAIN STREET
    OTTUMWA,IA52501
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    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
    SERVPRO OF IOWA FIRE CLEAN UP 257,556
    615 HWY 1 WEST
    IOWA CITY,IA52246
    GENUS LANDSCAPE ARCHITECTS ARCHITECT SERVICES/CONSULTING 139,036
    325 E FIFTH STREET
    DES MOINES,IA50309
    WITTKIEFFER RECRUITING 74,763
    2015 SPRING ROAD STE 510
    OAK BROOK,IL60523
    CURTIS ARCHITECTURE AND DESIGN PC ARCHITECT SERVICES 73,704
    223 E MAIN STREET
    OTTUMWA,IA52501
    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. 358,837
    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. 198,843
    3 WELCOME AND CONNECT SERVICES: 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. 117,399
    4 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. 168,711
    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. 4,641
    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. THIS ORGANIZATION ALSO PURCHASES BUILDINGS AND LAND TO FACILITATE THE RENOVATION OF THESE PROPERTIES INTO MUCH NEEDED HOUSING UNITS. 145,607
    All other program-related investments. See instructions.
    3 Click to see attachment 34,494
    Total. Add lines 1 through 3.........................bullet184,742
    Form 990-PF (2018)
    Form 990-PF (2018)
    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
    62,709,314
    b
    Average of monthly cash balances.......................
    1b
    1,665,079
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    64,374,393
    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
    64,374,393
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    965,616
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    63,408,777
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    3,170,439
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    3,170,439
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    93,044
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
    679
    c
    Add lines 2a and 2b............................
    2c
    93,723
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,076,716
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    10,891
    5
    Add lines 3 and 4............................
    5
    3,087,607
    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
    3,087,607
    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
    4,125,696
    b
    Program-related investments—total from Part IX-B..................
    1b
    184,742
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    34,028
    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
    4,344,466
    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
    4,344,466
    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 (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7 3,087,607
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014......  
    c From 2015...... 2,534,132
    d From 2016...... 4,094,991
    e From 2017...... 1,403,669
    fTotal of lines 3a through e........ 8,032,792
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 4,344,466
    a Applied to 2017, 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 2018 distributable amount..... 3,087,607
    e Remaining amount distributed out of corpus 1,256,859
    5 Excess distributions carryover applied to 2018. 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 9,289,651
    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 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		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
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		9,289,651
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015.... 2,534,132
    c Excess from 2016.... 4,094,991
    d Excess from 2017.... 1,403,669
    e Excess from 2018.... 1,256,859
    Form 990-PF (2018)
    Form 990-PF (2018)
    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 2018, 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) 2018 (b) 2017 (c) 2016 (d) 2015
             
    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 foundation 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 (2018)
    Form 990-PF (2018)
    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
    AMERICAN HOME FINDING ASSOCIATION
    217 E 5TH ST
    OTTUMWA,IA52501     		NONE PC BICEF FOSTER GRANDPARENT PROGRAM IN WAPELLO COUNTY 25,000
    AMERICAN HOME FINDING ASSOCIATION
    217 E 5TH ST
    OTTUMWA,IA52501     		NONE PC FURNISHINGS FOR CORINTHIANS HOUSE SHELTER 2,500
    AREA 15 REGIONAL PLANNING COMMISSION
    224 E 2ND ST
    OTTUMWA,IA52501     		NONE GOV CAPACITY GRANT TO SUBSIDIZE ECONOMIC MODELING SOFTWARE 6,000
    BRIDGE VIEW CENTER
    102 CHURCH STREET
    OTTUMWA,IA52501     		NONE PC BULLRIDERS SPONSORSHIP 1,000
    CALVIN COLLEGE
    3201 BURTON ST SE
    GRAND RAPIDS,MI49546     		NONE PC LABORATORY CONTROL LIMITED HEALTH CAREER SCHOLARSHIP PROGRAM FOR 2018 YEAR 1,000
    CARDINAL A CLUB
    4045 ASHLAND RD
    ELDON,IA52554     		NONE PC BICEF REPLACE AND INSTALL A NEW BASEBALL SAFETY BACKSTOP 20,000
    CARDINAL COMMUNITY SCHOOL DISTRICT
    4045 ASHLAND RD
    ELDON,IA52554     		NONE GOV CARDINAL GPS PROGRAM INSTALLMENT 3 OF 3 40,000
    CHAMBERLAIN COLLEGE OF NURSING
    3005 HIGHLAND PKWY
    DOWNERS GROVE,IL60515     		NONE PC LABORATORY CONTROL LIMITED HEALTH CAREER SCHOLARSHIP PROGRAM FOR 2018 YEAR 1,000
    CITY OF OTTUMWA
    105 E THIRD STREET
    OTTUMWA,IA52501     		NONE GOV PH 2 DOWNTOWN FACADE- 2ND PYMT 75,000
    CITY OF OTTUMWA
    105 E THIRD STREET
    OTTUMWA,IA52501     		NONE GOV COMMUNITY BETTERMENT 500,000
    CITY OF OTTUMWA
    105 E THIRD STREET
    OTTUMWA,IA52501     		NONE GOV PH 2 DOWNTOWN FACADE- 3RD PYMT 100,000
    CITY OF OTTUMWA
    105 E THIRD STREET
    OTTUMWA,IA52501     		NONE GOV Y1 HOUSING GRANT- DILAPIDATED REMOVAL 100,000
    CITY OF OTTUMWA
    105 E THIRD STREET
    OTTUMWA,IA52501     		NONE GOV STAR COMMUNITY CERT. CAPACITY GRANT 5,000
    CREIGHTON UNIVERSITY
    2500 CALIFORNIA PLAZA
    OMAHA,NE68178     		NONE PC LABORATORY CONTROL LIMITED HEALTH CAREER SCHOLARSHIP PROGRAM FOR 2018 YEAR 1,000
    CREIGHTON UNIVERSITY
    2500 CALIFORNIA PLAZA
    OMAHA,NE68178     		NONE PC LABORATORY CONTROL LIMITED HEALTH CAREER SCHOLARSHIP PROGRAM FOR 2018 YEAR 3,000
    CRISIS CENTER & WOMEN'S SHELTER INC
    PO BOX 446
    OTTUMWA,IA52501     		NONE PC BICEF PURCHASE MULTIPLEX FOR SAFE HOUSING INITIATIVE 30,000
    DES MOINES UNIVERSITY
    3200 GRAND AVE
    DES MOINES,IA50312     		NONE GOV LABORATORY CONTROL LIMITED HEALTH CAREER SCHOLARSHIP PROGRAM FOR 2018 YEAR 1,000
    EDDYVILLE HISTORICAL MUSEUM
    PO BOX 482
    EDDYVILLE,IA52553     		NONE PC BICEF PHASE I CONSTRUCTION OF NEW MUSEUM BUILDING 12,250
    EDDYVILLE HISTORICAL MUSEUM
    PO BOX 482
    EDDYVILLE,IA52553     		NONE PC BICEF PHASE III CONSTRUCTION OF NEW MUSEUM BUILDING 30,000
    FRIENDS OF NAS OTTUMWA INC
    8023 SUTTON DR
    URBANDALE,IA50322     		NONE PC BICEF PURCHASE OF THE OTTUMWA NAVAL AIR STATION BUILDING 12,250
    FRIENDS OF NAS OTTUMWA INC
    8023 SUTTON DR
    URBANDALE,IA50322     		NONE PC BICEF INSULATION IN THE OTTUMWA NAVAL AIR STATION BUILDING 14,580
    GIRL SCOUTS OF GREATER IOWA
    10715 HICKMAN RD
    DES MOINES,IA50322     		NONE PC BICEF GOLDIEBLOX MECH. ENGINEERING KITS 4,500
    GOTHIC AREA TOURISM OF ELDON
    PO BOX 96
    ELDON,IA52554     		NONE PC BICEF ELDON PUBLIC ACCESS #75 16,365
    GOTHIC AREA TOURISM OF ELDON
    PO BOX 96
    ELDON,IA52554     		NONE PC SUMMER READING PROGRAM AT THE ELDON LIBRARY 2,000
    GRACELAND UNIVERSITY
    1 UNIVERSITY PLACE
    LAMONI,IA50140     		NONE PC LABORATORY CONTROL LIMITED HEALTH CAREER SCHOLARSHIP PROGRAM FOR 2018 YEAR 1,600
    GREATER OTTUMWA VOCAL ARTS PROJECT INC
    PO BOX 789
    OTTUMWA,IA52501     		NONE PC BICEF MARKETING FOR THE 2018 SUMMER PERFORMING ARTS FESTIVAL 10,500
    INDIAN HILLS COMMUNITY COLLEGE
    525 GRANDVIEW BLDG 1
    OTTUMWA,IA52501     		NONE GOV HEALTH CARE EXPLORATION EXPERIENCE 2,657
    INDIAN HILLS COMMUNITY COLLEGE DEVELOPMENT INC
    525 GRANDVIEW BLDG 1
    OTTUMWA,IA52501     		NONE SO III - FI COMMUNITY COORDINATED RESPONSE TEAM 2,500
    IOWA PUBLIC RADIO
    2111 GRAND AVE STE 100
    DES MOINES,IA50312     		NONE PC BICEF AUDIO PROCESSOR 4,986
    IOWA ROCK N ROLL MUSIC ASSOCIATION INC
    PO 557
    ARNOLDS PARK,IA51331     		NONE PC ROCK N ROLL HALL OF FAME SATELLITE MUSEUM 5,500
    IOWA STATE UNIVERSITY
    0210 BEARDSHEAR HALL
    AMES,IA50011     		NONE GOV LABORATORY CONTROL LIMITED HEALTH CAREER SCHOLARSHIP PROGRAM FOR 2018 YEAR 1,000
    IOWA STATE UNIVERSITY
    0210 BEARDSHEAR HALL
    AMES,IA50011     		NONE GOV LABORATORY CONTROL LIMITED HEALTH CAREER SCHOLARSHIP PROGRAM FOR 2018 YEAR 1,000
    IOWA WESLEYAN
    601 N MAIN ST
    MT PLEASANT,IA52641     		NONE PC LABORATORY CONTROL LIMITED HEALTH CAREER SCHOLARSHIP PROGRAM FOR 2018 YEAR 1,000
    LIVING HOPE BIBLE CHURCH
    201 W WALNUT ST
    ELDON,IA52554     		NONE PC BICEF BLUEPOINT SAFETY SYSTEM 23,000
    LIVING HOPE BIBLE CHURCH
    201 W WALNUT ST
    ELDON,IA52554     		NONE PC SUMMER SPORTS CAMPS FOR YOUTH IN ELDON 2,500
    MAIN STREET OTTUMWA
    217 E MAIN STREET
    OTTUMWA,IA52501     		NONE PC LIGHT POLE PAINTING 4,000
    MAIN STREET OTTUMWA
    217 E MAIN ST
    OTTUMWA,IA52501     		NONE PC LIGHTS OF LOVE TREE SPONSOR 100
    MT MERCY COLLEGE
    1330 ELMHURST DR NE
    CEDAR RAPIDS,IA52402     		NONE PC LABORATORY CONTROL LIMITED HEALTH CAREER SCHOLARSHIP PROGRAM FOR 2018 YEAR 1,600
    NATIONAL FIRE SAFETY COUNCIL INC
    PO BOX 378
    MICHIGAN CTR,MI49254     		NONE PC FIRE SAFETY EDUCATION 250
    OTTUMWA AREA ARTS COUNCIL
    102 CHURCH ST
    OTTUMWA,IA52501     		NONE PC BICEF PROJECTOR FOR CANTEEN ALLEY ART 4,000
    OTTUMWA AREA CHAMBER OF COMMERCE
    217 E MAIN ST
    OTTUMWA,IA52501     		NONE NC CHAMBER BOARD TRAINING CAPACITY GRANT 1,300
    OTTUMWA ATHLETIC CLUB INC
    PO BOX 533
    OTTUMWA,IA52501     		NONE PC BICEF BLEACHERS AT LEGION FIELD 13,150
    OTTUMWA CIVIC MUSIC ASSOCIATION
    PO BOX 854
    OTTUMWA,IA52501     		NONE PC PRESIDENT'S FUND-SEPTEMBER PROGRAM 1,000
    OTTUMWA COMMUNITY SCHOOL DISTRICT
    1112 N VAN BUREN
    OTTUMWA,IA52501     		NONE GOV $175,000 FOR NEW PRESCHOOL; $431,900 FOR SPARK TANK INITIATIVE 606,900
    OTTUMWA COMMUNITY SCHOOL DISTRICT
    1112 N VAN BUREN
    OTTUMWA,IA52501     		NONE GOV GEAR UP COORDINATOR INSTALLMENT 3 OF 4 24,833
    OTTUMWA COMMUNITY SCHOOL DISTRICT
    1112 N VAN BUREN
    OTTUMWA,IA52501     		NONE GOV BOARD DEVELOPMENT CAPACITY GRANT 2,540
    OTTUMWA COMMUNITY SCHOOL FOUNDATION INC
    1112 N VAN BUREN
    OTTUMWA,IA52501     		NONE PC BICEF PLAYGROUND AT WILSON ELEMENTARY 30,000
    OTTUMWA ECONOMIC DEVELOPMENT CORPORATION
    217 E MAIN ST
    OTTUMWA,IA52501     		NONE NC TARGET STUDY 4,500
    OTTUMWA HIGH SCHOOL MUSIC BOOSTERS INC
    501 E 2ND ST
    OTTUMWA,IA52501     		NONE PC BICEF AV & LIGHTING UPGRADE @ OHS 30,000
    OTTUMWA LITTLE LEAGUE BASEBALL
    PO BOX 74
    OTTUMWA,IA52501     		NONE PC SPONSORSHIP 4,700
    OTTUMWA PUBLIC LIBRARY FOUNDATION
    320 CHURCH ST
    OTTUMWA,IA52501     		NONE PC BICEF TUCKPOINT REPAIR TO EXTERIOR OF THE LIBRARY BUILDING 30,000
    OTTUMWA PUBLIC LIBRARY FRIENDS INC
    102 W 4TH ST
    OTTUMWA,IA52501     		NONE PC BICEF NEW PUBLIC USE TECHNOLOGY AND EDUCATIONAL CLASSES 10,500
    OTTUMWA SYMPHONY ORCHESTRA
    PO BOX 173
    OTTUMWA,IA52501     		NONE PC 2018 CHRISTMAS BALL 500
    OTTUMWA SYMPHONY ORCHESTRA
    PO BOX 173
    OTTUMWA,IA52501     		NONE PC DONATION-MUSIC ON THE GREEN CONCERRT 2,000
    PARTNERS IN PROGRESS INC
    217 E MAIN ST
    OTTUMWA,IA52501     		NONE NC GOPIP- CEO SHARE 20,000
    PARTNERS IN PROGRESS INC
    217 E MAIN ST
    OTTUMWA,IA52501     		NONE NC GOPIP- CEO SHARE 18,000
    PARTNERS IN PROGRESS INC
    217 E MAIN ST
    OTTUMWA,IA52501     		NONE NC GOPIP- CEO SHARE 18,000
    PARTNERS IN PROGRESS INC
    217 E MAIN ST
    OTTUMWA,IA52501     		NONE NC GOPIP- CEO SHARE 18,000
    REGIONAL ECONOMIC DEVELOPMENT INVESTMENTS INC
    PO BOX 1110
    OTTUMWA,IA52501     		NONE PC JOBS- ECONOMIC DEVELOPMENT 176,750
    REGIONAL ECONOMIC DEVELOPMENT INVESTMENTS INC
    PO BOX 1110
    OTTUMWA,IA52501     		NONE PC JOBS- ECONOMIC DEVELOPMENT 51,000
    RIVER HILLS COMMUNITY HEALTH CENTER
    216 S MARKET ST
    OTTUMWA,IA52501     		NONE PC GOLD SPONSORSHIP ANNUAL BREAST CANCER FUND RAISER 500
    SETON CATHOLIC SCHOOL
    117 E 4TH ST
    OTTUMWA,IA52501     		NONE PC BICEF GRANT TO COMPLETE THE ELEMENTARY SCHOOL PLAYGROUND 11,533
    SIMPSON COLLEGE
    701 N C ST
    INDIANOLA,IA50125     		NONE PC LABORATORY CONTROL LIMITED HEALTH CAREER SCHOLARSHIP PROGRAM FOR 2018 YEAR 1,600
    SOUTHERN IOWA ECONOMIC DEVELOPMENT ASSOCIATION
    725 W 2ND STREET
    OTTUMWA,IA52501     		NONE PC SPONSORSHIP FOR BANQUET & SILENT AUCTION 500
    TENCO INDUSTRIES
    710 GATEWAY DR
    OTTUMWA,IA52501     		NONE PC BICEF FUNDS FOR REMODELING THE ADULT DAY CARE SPACE 30,000
    THE OHIO STATE UNIVERSITY
    PO BOX 183029
    COLUMBUS,OH43218     		NONE GOV LABORATORY CONTROL LIMITED HEALTH CAREER SCHOLARSHIP PROGRAM FOR 2018 YEAR 1,000
    UNIVERSITY OF IOWA
    5 CALVIN HALL
    IOWA CITY,IA52242     		NONE GOV LABORATORY CONTROL LIMITED HEALTH CAREER SCHOLARSHIP PROGRAM FOR 2018 YEAR 1,600
    UNIVERSITY OF IOWA
    5 CALVIN HALL
    IOWA CITY,IA52242     		NONE GOV LABORATORY CONTROL LIMITED HEALTH CAREER SCHOLARSHIP PROGRAM FOR 2018 YEAR 3,000
    UNIVERSITY OF IOWA
    5 CALVIN HALL
    IOWA CITY,IA52242     		NONE GOV LABORATORY CONTROL LIMITED HEALTH CAREER SCHOLARSHIP PROGRAM FOR 2018 YEAR 1,000
    UNIVERSITY OF IOWA
    5 CALVIN HALL
    IOWA CITY,IA52242     		NONE GOV LABORATORY CONTROL LIMITED HEALTH CAREER SCHOLARSHIP PROGRAM FOR 2018 YEAR 1,600
    UNIVERSITY OF NEBRASKA-LINCOLN
    PO BOX 880411
    LINCOLN,NE68588     		NONE GOV LABORATORY CONTROL LIMITED HEALTH CAREER SCHOLARSHIP PROGRAM FOR 2018 YEAR 1,000
    WAPELLO COUNTY AGRICULTURAL EXTENSION DISTRICT
    13011 120TH AVE
    OTTUMWA,IA52501     		NONE GOV LATINOS LIVING WELL 1,250
    WAPELLO COUNTY CHILDREN'S ALLIANCE
    2814 N COURT
    OTTUMWA,IA52501     		NONE PC FORE THE KIDS- HOLE SPONSOR 250
    WAPELLO COUNTY HISTORICAL SOCIETY
    210 W MAIN ST
    OTTUMWA,IA52501     		NONE PC CAPACITY GRANT 5,000
    WAPELLO COUNTY SHERIFF'S POSSE INC
    330 W 2ND ST
    OTTUMWA,IA52501     		NONE PC BICEF 8 BODY ARMOR UNITS FOR THE VOLUNTEER SHERIFF'S RESERVE 10,238
    WAPELLO HERITAGE FOUNDATION
    1339 HWY 163
    BLOOMFIELD,IA52537     		NONE PC BICEF FUNDS TO ASSIST WITH INFRASTRUCTURE AT THE NEW PEARSON PARK 30,000
    WEBER STATE UNIVERSITY
    3885 W CAMPUS DR DEPT 1136
    OGDEN,UT84408     		NONE PC LABORATORY CONTROL LIMITED HEALTH CAREER SCHOLARSHIP PROGRAM FOR 2018 YEAR 1,000
    WILLIAM PENN UNIVERSITY
    201 TRUEBLOOD AV
    OSKALOOSA,IA52577     		NONE PC LABORATORY CONTROL LIMITED HEALTH CAREER SCHOLARSHIP PROGRAM FOR 2018 YEAR 1,000
    Y M C A
    611 N HANCOCK
    OTTUMWA,IA52501     		NONE PC NEW PAINT FOR BUS USED FOR TRANSPORT 2,500
    Y M C A
    611 N HANCOCK
    OTTUMWA,IA52501     		NONE PC YOUTH GOLF TOURNAMENT 100
    Y M C A
    611 N HANCOCK
    OTTUMWA,IA52501     		NONE PC BICEF HVAC SYSTEM 17,500
    Total .................................bullet 3a 2,255,482
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    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 2,008,794  
    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.....     14 392,938  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 2,382,757  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory         81,489
    11 Other revenue:
    aTUITION & DUES     		        31,526
    bRESERVES RELEASED         189,313
    cGRANTS RETURNED         10,891
    dMISCELLANEOUS INCOME         32,713
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 4,784,489 345,932
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    5,130,421
    (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 (2018)
    Form 990-PF (2018)
    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) (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) (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 (2018)
    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 Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2018
    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 isn't covered by the General Rule and/or the Special Rules doesn't 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 doesn't 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) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018) 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
    WAPELLO COUNTY FAIR INC
     
    300 WATER STREET
     
    ELDON, IA52554

    		$ 6,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    US BANK INDIGENT ENDOWMENT
     
    C/O US BANK TRUST DEPT 123 E THIRD
     
    OTTUMWA, IA52501

    		$ 49,041


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    JOANNE SLAYMAKER
     
    6316 MADISON AVE
     
    OTTUMWA, IA52501

    		$ 10,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    4
    HAROLD R MCCULLOUGH TRUST
     
    C/O SOSB TRUST DEPT 320 CHURCH ST
     
    OTTUMWA, IA52501

    		$ 7,500


    (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) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    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
     
    		$    
    (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) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    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) (2018)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2018 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 30,014 0   30,014

    TY 2018 AllOthProgRltdInvestmentsSch
    Name:
    OTTUMWA REGIONAL LEGACY FOUNDATION INC
    EIN:
    42-0681060
    Category Amount
    OTTUMWA FIBER - THE LEGACY FOUNDATION IS WORKING TO CONSTRUCT A FIBER NETWORK TO ENHANCE INTERNET CONNECTIVITY IN THE OTTUMWA COMMUNITY. THE NETWORK IS DESIGNED TO STRENGTHEN OUR CURRENT AREA BUSINESSES, NON-PROFITS, AND GOVERNMENT ORGANIZATIONS AND ADD NEW JOBS AND ATTRACT NEW BUSINESSES. 34,494

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

    TY 2018 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 1,751,757 183,206 SL 15.000000000000 115,618 0    
    EQUIPMENT 2011-07-01 155,569 68,648 SL 5.000000000000 1,166 0    
    LAND 2011-07-01 11,277   L   0 0    
    CONSTRUCTION IN PROCESS 2011-07-01 6,995   SL 0 % 0 0    

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

    TY 2018 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
    OTTUMWA AREA CHAMBER OF COMMERCE
          		217 EAST MAIN STREET
    OTTUMWA,IA52501     		2018-06-20 1,300 CAPACITY GRANT. 1,146 NONE 10/18/18   AMOUNT EXPENDED DIFFERS FROM GRANT AMOUNT, THE ADDITIONAL $154 PROVIDED WAS NOT USED BY THE ORGANIZATION AND RETURNED TO THE FOUNDATION.
    PARTNERS IN PROGRESS INC
          		217 EAST MAIN STREET
    OTTUMWA,IA52501     		2018-01-10 20,000 SUPPORT FOR CEO STAFFING PLAN 20,000 NONE NO REPORT DUE AS OF 12/31/18   NO NEED FOR VERIFICATION HAS BEEN IDENTIFIED.
    PARTNERS IN PROGRESS INC
          		217 EAST MAIN STREET
    OTTUMWA,IA52501     		2018-08-03 18,000 SUPPORT FOR CEO STAFFING PLAN 18,000 NONE NO REPORT DUE AS OF 12/31/18   NO NEED FOR VERIFICATION HAS BEEN IDENTIFIED.
    PARTNERS IN PROGRESS INC
          		217 EAST MAIN STREET
    OTTUMWA,IA52501     		2018-10-01 18,000 SUPPORT FOR CEO STAFFING PLAN 18,000 NONE NO REPORT DUE AS OF 12/31/18   NO NEED FOR VERIFICATION HAS BEEN IDENTIFIED.
    PARTNERS IN PROGRESS INC
          		217 EAST MAIN STREET
    OTTUMWA,IA52501     		2018-04-04 18,000 SUPPORT FOR CEO STAFFING PLAN 18,000 NONE NO REPORT DUE AS OF 12/31/18   NO NEED FOR VERIFICATION HAS BEEN IDENTIFIED.
    OTTUMWA ECONOMIC DEVELOPMENT CORPORATION
          		217 E MAIN STREET
    OTTUMWA,IA52501     		2018-03-01 4,500 TARGET STUDY 4,500 NONE NO REPORT DUE AS OF 12/31/18   NO NEED FOR VERIFICATION HAS BEEN IDENTIFIED.

    TY 2018 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 4,241,773 4,241,773

    TY 2018 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 9,243,800 9,243,800

    TY 2018 InvestmentsGovtObligationsSch
    Name:
    OTTUMWA REGIONAL LEGACY FOUNDATION INC
    EIN:
    42-0681060
    US Government Securities - End of Year Book Value:

    2,160,519
    US Government Securities - End of Year Fair Market Value:

    2,160,519
    State & Local Government Securities - End of Year Book Value:


    136,433
    State & Local Government Securities - End of Year Fair Market Value:


    136,433


    TY 2018 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
    MUTUAL FUNDS FMV 30,840,120 30,840,120
    ALTERNATIVE INVESTMENTS FMV 14,937,061 14,937,061

    TY 2018 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 1,751,757 298,824 1,452,933  
    EQUIPMENT 155,569 69,814 85,755  
    LAND 11,277 0 11,277  
    CONSTRUCTION IN PROCESS 6,995 0 6,995  


    TY 2018 LegalFeesSchedule
    Name:
    OTTUMWA REGIONAL LEGACY FOUNDATION INC
    EIN:
    42-0681060
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 17,187 819   16,368


    TY 2018 MortgagesAndNotesPayableSch
    Name:
    OTTUMWA REGIONAL LEGACY FOUNDATION INC
    EIN:
    42-0681060
    Total Mortgage Amount: 370,854

    Item No. 1
    Lender's Name MAIN STREET OTTUMWA
    Lender's Title LENDER
    Relationship to Insider NONE
    Original Amount of Loan 144,828
    Balance Due 126,998
    Date of Note 2015-04
    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  

    Item No. 2
    Lender's Name SOUTH OTTUMWA SAVINGS BANK
    Lender's Title LENDER
    Relationship to Insider NONE
    Original Amount of Loan 365,094
    Balance Due 243,856
    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 2018 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
    OTHER RECEIVABLES 116,232 41,154 41,154
    PRI - MARKET ON MAIN (NBV) 874,841 837,132 837,132
    PRI - MICROLOANS RECEIVABLE 4,402 0 0
    PRI - RIPPLING WATERS PROPERTY (NBV) 2,397,134 2,442,550 2,442,550
    PRI - OTTUMWA FIBER PROPERTY (NBV) 367,320 380,039 380,039
    PRI - THEATER (NBV) 927,152 885,104 885,104
    PRI - PROPERTY HELD FOR DEVELOPMENT 1,097 11,419 11,419


    TY 2018 OtherDecreasesSchedule
    Name:
    OTTUMWA REGIONAL LEGACY FOUNDATION INC
    EIN:
    42-0681060
    Description Amount
    UNREALIZED LOSS ON INVESTMENTS 8,412,357
    CHANGE IN VALUE OF BENEFICIAL TRUSTS 303,904


    TY 2018 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 23,915 0   23,915
    OFFICE EXPENSE 136,675 5,465   131,210
    INSURANCE 36,986 7,076   29,910
    DUES & LICENSES 10,254 660   9,594
    MISCELLANEOUS EXPENSE 35,975 4,496   31,479
    BANK FEES 4,671 55   4,616
    ACCRUAL TO CASH ADJUSTMENT 0 0   -139,927
    OTHER PORTFOLIO DEDUCTIONS - SCH K-1S 0 9,920   0
    INVESTMENT INTEREST - SCH K-1S 0 2,032   0
    INDIGENT CARE 77,607 0   77,607
    CHAPLIN SERVICES 1,500 0   1,500
    CANCER PATIENT SUBSIDIES 24,144 0   24,144
    SCHOLARSHIPS/TUITION 18,100 0   18,100
    RENT SUBSIDIES 33,660 0   33,660


    TY 2018 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 327 327 327
    PRI - MKT ON MAIN RENT INCOME 24,004 24,004 24,004
    PRI - RIPPLING WTRS RENT INCOME 368,607 368,607 368,607
    OTHER PORTFOLIO INCOME - SCH K-1S 0 16,671 0
    TUITION & DUES 31,526   31,526
    RESERVES RELEASED 189,313   189,313
    GRANTS RETURNED 10,891   10,891
    MISCELLANEOUS INCOME 32,713   32,713


    TY 2018 OtherLiabilitiesSchedule
    Name:
    OTTUMWA REGIONAL LEGACY FOUNDATION INC
    EIN:
    42-0681060
    Description Beginning of Year - Book Value End of Year - Book Value
    ESTIMATED OBLIGATIONS - ASSET PURCHASE AGREEMENT 193,954 0
    DEFERRED EXCISE TAX 100,119 25,000


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    OTTUMWA REGIONAL LEGACY FOUNDATION INC
    EIN:
    42-0681060
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 253,194 253,194   0
    CONSULTING FEES 389,269 40,053   318,405
    SANDERSON INT'L INVEST FEES SCH K-1 0 17,753   0
    RC IV LLC INVEST FEES SCH K-1 0 13,058   0


    TY 2018 TaxesSchedule
    Name:
    OTTUMWA REGIONAL LEGACY FOUNDATION INC
    EIN:
    42-0681060
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 71,809 6,223   65,586
    EXCISE TAX 20,857 0   0
    FOREIGN TAXES - SCH K-1S 0 4,228   0