Overview
What is Greater Oelwein Area Charitable Foundation Inc?
The Greater Oelwein Area Charitable Foundation Inc is a nonprofit organization situated in Oelwein, Iowa. Initially established to fundraise for a performing arts center and a recreation facility, it utilized pledged funds between 2000 and 2005 to contribute towards $2 million in revenue bonds for construction. Upon debt retirement, the facility will be donated to the city and school district. The organization's current mission involves raising funds for a regional math and science academy, which will be owned by the foundation and operated under a 28E agreement with the Oelwein Community School District and Northeast Iowa Community College. The community college leases the academy from the foundation, with the lease revenue used to pay off the USDA debt service. Additionally, the foundation supports various local nonprofit civic organizations and provides scholarships for wellness programs.
Is Greater Oelwein Area Charitable Foundation Inc legitimate?
Greater Oelwein Area Charitable Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Oelwein Area Charitable Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Professional Fundraising Fees: $0
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What is the mission statement of Greater Oelwein Area Charitable Foundation Inc?
The Greater Oelwein Area Charitable Foundation Inc has a mission centered around charitable and educational purposes. One of its objectives is to raise funds for the construction and operation of a community arts/performance center and a recreation/wellness center, benefiting over 10,000 residents in the surrounding area. This center is to be operated by a 28E committee comprising the City of Oelwein and the Oelwein Community School District.
Another mission is to construct a regional academy for math and science. This academy will be operated by a 28E agreement involving the foundation, the Oelwein Community School District, and Northeast Iowa Community College. The foundation leases the academy to the Northeast Iowa Community College, with the proceeds used to pay the debt service owed to the USDA-RD.
Lastly, the foundation accepts miscellaneous contributions to support wellness scholarships and various other charitable and educational projects.
Who is the CEO of Greater Oelwein Area Charitable Foundation Inc?
Josh Ehn is the Director of Greater Oelwein Area Charitable Foundation Inc.
What is the revenue of Greater Oelwein Area Charitable Foundation Inc?
Greater Oelwein Area Charitable Foundation Inc's revenue in 2022 was $83,066.
Who are the executives of Greater Oelwein Area Charitable Foundation Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Greater Oelwein Area Charitable Foundation Inc?
Greater Oelwein Area Charitable Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Greater Oelwein Area Charitable Foundation Inc
The Greater Oelwein Area Charitable Foundation Inc is dedicated to serving charitable and educational purposes. One of its primary objectives is to raise funds for the construction and operation of a community arts/performance center and a recreation/wellness center. This facility is intended to cater to the needs of over 10,000 residents in the surrounding area, and will be operated by a 28E committee, which includes representatives from the City of Oelwein and the Oelwein Community School District.
In addition to this, the foundation aims to construct a regional academy for math and science. This academy will be operated under a 28E agreement involving the foundation, the Oelwein Community School District, and Northeast Iowa Community College. The foundation leases the academy to Northeast Iowa Community College, with the proceeds from this lease used to pay off the debt service owed to the USDA-RD.
Beyond these two main projects, the foundation also receives miscellaneous contributions to support various charitable and educational projects. These contributions are utilized to fund wellness scholarships and other initiatives that align with the foundation's mission. Overall, the Greater Oelwein Area Charitable Foundation Inc is committed to enhancing the educational and recreational opportunities in its community, and to supporting the well-being of its residents through various charitable initiatives.
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Impact
October, 2024
The Greater Oelwein Area Charitable Foundation Inc significantly enhances the community by supporting key initiatives that focus on education, health, and arts.
Primarily, the foundation has facilitated the construction and ongoing operation of a community arts and performance center, as well as a recreation and wellness center, which collectively serve over 10,000 residents in the region. These facilities not only provide venues for artistic expression and cultural events but also promote physical well-being and community engagement.
In addition to these community spaces, the foundation plays a pivotal role in establishing a regional academy for math and science, partnering with the Oelwein Community School District and Northeast Iowa Community College. This academy aims to enhance educational opportunities and foster academic excellence in critical fields, thereby preparing local students for future success.
The foundation also supports wellness scholarships and other charitable projects, further contributing to the health and education of the community. Through these various efforts, the Greater Oelwein Area Charitable Foundation Inc positively impacts the lives of residents, enriching their quality of life and fostering a thriving community.
This information is meant to be a general summary of Greater Oelwein Area Charitable Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $104
- Gross Receipts: $131,604
Assets and Liabilities:
- Total Assets: $3,199,716
- Total Liabilities: $432,599
- Net Assets: $2,767,117
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Organization Details
Phone
(319) 283-1173Principal Officer
Josh Ehn
Main Address
PO BOX 639 14 EAST CHARLES ST, OELWEIN, IA, 50662
NTEE Category
Code: N31 - Recreation
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