Grant Guidelines and Application Questions
Purpose:
The Wapello County Foundation supports organizations that enhance the quality of life and community development in Wapello County.
Priorities:
- Projects which enhance or improve the quality of life for residents of Wapello County
- Public projects for community good
- Educational efforts
- Facilities for recreation
- Scientific research
- Care for needy individuals as recommended by existing agencies
- Medical care and treatment
Ineligible Activities:
- Normal ongoing or operating expenses
- Religious activities or expenses
- Applications from individuals
- Political activities
- Fundraising events and activities
- Re-granting funds to other non-profits
- Projects outside of Wapello County
Organization Eligibility:
The Foundation accepts applications from IRS 501 (c) (3) approved non-profit organizations and governmental entities serving the citizens of Wapello County.
Applications will be accepted online or at South Ottumwa Savings Bank, 320 Church St., Ottumwa, Iowa until August 31st. Grants will be announced later in the fall.
Duration of Grant:
12 months
A grant follow-up is required once project is completed. Grant follow-up is due on July 1st.
Non-Discrimination Statement:
The Foundation does not discriminate and encourages organizations only to apply that do not discriminate in their employment practices, volunteer opportunities, or delivery of programs and services on the basis of race, color, religion, gender, national origin, ancestry, age, medical condition, disability, veteran status, marital status, sexual orientation or any other characteristic protected by law.
Application Checklist
- Copy of IRS nonprofit letter of determination for the organization or fiscal sponsor
- Endorsement of project by governing body of organization (if applicable)
- Project Budget
- REQUIRED organization financial statements
Required organization financial statements:
- The most recent balance sheet and profit/loss statement
The Statement of Financial Position (sometimes called the balance sheet) is a financial statement that reports the assets, liabilities, and equity of the organization on a given date.
The Statement of Activities (sometimes called the income statement, the profit and loss statement, or the income and expenses statement) summarizes the revenues, costs, and expenses incurred by the organization during a specific period of time.
If your organization does not have any of the above, please contact South Ottumwa Savings Bank for next steps.
(Governmental applicants should use department budget.)
Questions?
Please contact:
Samantha Ulin
South Ottumwa Savings Bank
Trust Department
(641) 682-7541
samantha@sosb-ia.com