OTTUMWA ECONOMIC DEVELOPMENT CORPORATION Charity Report

Public IRS 990 nonprofit record

OTTUMWA ECONOMIC DEVELOPMENT CORPORATION

EIN 42-0866300

What they do

to RECRUIT, RETAIN, and EXPAND NEW and EXISTING INDUSTRY and BUSINESS ENTERPRISES IN OTTUMWA and WAPELLO COUNTY

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $55.50 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2019The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders11 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

163.41%of revenue went to mission work55.5% of expenses · Program services

$294.50spent for every $100 of revenueSpending was higher than revenue this year.

131.08%of revenue went to management and office costs44.5% of expenses

89.3%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $112,352 this year. Ask whether that was planned or caused by a one-time event.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2019

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$57,766

Mission workProgram services$94,398163.41% of revenue55.5% of expenses

ManagementOffice and general costs$75,720131.08% of revenue44.5% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$170,118294.50% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2019CurrentExpense mix: 55.5% mission · 44.5% management · 0.0% fundraisingTotal expenses: 294.50% of revenue

2018Expense mix: 97.0% mission · 3.0% management · 0.0% fundraisingTotal expenses: 81.81% of revenue

2017Expense mix: 96.8% mission · 3.2% management · 0.0% fundraisingTotal expenses: 190.86% of revenue

2016Expense mix: 97.0% mission · 3.0% management · 0.0% fundraisingTotal expenses: 127.21% of revenue

Money in and money out

Revenue$57,766

Expenses$170,118

Annual shortfall $112,352 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$94,398 · 55.5% of expenses

Management and office costs$75,720 · 44.5% of expenses

See all reported dollar amounts

Revenue$57,766

Expenses$170,118

Contributions$51,566

Mission work (program services)$94,398

Management and general$75,720

Stocks and bonds$353,050

Accounting fees$57,625

People

Leadership and board

Tax year 2019

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (11)

BRIAN MORGANBOARD MEMBER

CARRIE JAEGERBOARD MEMBER

DAVID VOLLMARBOARD MEMBER

GREG HANSHAWBOARD MEMBER

JILL BUDDEPRESIDENT

KORY MCDONALDBOARD MEMBER

LESLEY CONNINGBOARD MEMBER

MARC ROEVICE PRESIDE

PHIL NOELTREASURER

RICH GAUMERCOUNCIL

TOM LAZIOSECRETARY

About this charity

Location: 217 EAST MAIN STREET, OTTUMWA, IA 52501
County: Wapello
In care of: JILL BUDDE
Primary officer: JILL BUDDE, PRESIDENT

How to reach them

WebsiteVisit the charity’s website Phone(641) 682-3465

Filing and classification

Latest tax year: 2019
Tax period began: July 1, 2019
Return type: 990
Tax preparer: ANDERSON LARKIN & CO PC