Regional Ventures Incorporated in Ottumwa, Iowa (IA)

Regional Ventures Incorporated
Employer Identification Number (EIN)	421271707
Name of Organization	Regional Ventures Incorporated
Address	1001 Pennsylvania Ave, Ottumwa, IA 52501-2108
Activities	Gifts, grants, or loans to other organizations
Subsection	Charitable Organization
Ruling Date	06/1986
Deductibility	Contributions are deductible
Foundation	Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
Organization	Corporation
Exempt Organization Status	Unconditional Exemption
Tax Period	03/2007
Assets	$5,000,000 to $9,999,999
Income	$500,000 to $999,999
Filing Requirement	990 (all other) or 990EZ return
Asset Amount	$8,144,056
Amount of Income	$617,963
Form 990 Revenue Amount	$617,963
National Taxonomy of Exempt Entities (NTEE)	Human Services - Multipurpose and Other: Residential, Custodial Care

Non-representatives - add comments:

Amount of income in 2007: $617,963

Regional Ventures Incorporated:	$617,963
Other organizations performing similar types of work:	$648,025

Assets in 2007: $8,144,056

This organization:	$8,144,056
Other organizations performing similar types of work:	$655,646

Expenses in 2006: $694,110

Regional Ventures Incorporated:	$694,110
Other organizations performing similar types of work:	$654,426

Income to expenses ratio in 2006: 0.9

Regional Ventures Incorporated:	0.9
Other organizations performing similar types of work:	1.0

Expenses allocated to program services in 2006: 45.9%

This organization:	45.9%
Other organizations performing similar types of work:	73.3%

Grants share in income in 2006: 0.5%

Regional Ventures Incorporated:	0.5%
Other organizations performing similar types of work:	2.4%

Financial snapshot ($)

Revenue for 2006

Assets at end of 2006

Expenses for 2006

Functional Expenses for 2006 ($)

Income-Producing Activities for 2006

	2001	2002	2003	2004	2005	2006
Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue	$193,333	$676,606	$617,590	$746,144	$430,620	$617,963
Contributions, gifts, grants, and similar amounts received	$0	$272,341	$234,920	$248,167	$0	$3,293
Contributions to donor advised funds						$0
Direct public support	$0	$0	$0	$0	$0	$0
Indirect public support	$0	$272,341	$234,920	$248,167	$0	$3,293
Government contributions (grants)	$0	$0	$0	$0	$0	$0
Program service revenue including government fees and contracts	$115,266	$92,358	$107,771	$73,483	$111,918	$144,934
Membership dues and assessments	$0	$0	$0	$0	$0	$0
Interest on savings and temporary cash investments	$2,952	$164,268	$310,135	$329,305	$326,729	$317,385
Dividends and interest from securities	$0	$0	$0	$0	$0	$0
Net rental income or (loss)	$0	$0	$0	$0	$0	$0
Gross rents	$0	$0	$0	$0	$0	$0
Less: rental expenses	$0	$0	$0	$0	$0	$0
Other investment income	$75,115	$146,407	$-36,062	$57,857	$-53,027	$112,351
Gain or (loss) from sales of assets other than inventory	$0	$1,232	$826	$0	$0	$0
Gross amount from sales of assets other than inventory	$0	$1,232	$16,151	$0	$0	$0
Less: cost or other basis and sales expenses	$0	$0	$15,325	$0	$0	$0
Net income or (loss) from special events and activities	$0	$0	$0	$0	$0	$0
Gross revenue	$0	$0	$0	$0	$0	$0
Less: direct expenses other than fundraising expenses	$0	$0	$0	$0	$0	$0
Gross profit or (loss) from sales of inventory	$0	$0	$0	$0	$0	$0
Gross sales of inventory, less returns and allowances	$0	$0	$0	$0	$0	$0
Less: cost of goods sold	$0	$0	$0	$0	$0	$0
Other revenue	$0	$0	$0	$37,332	$45,000	$40,000
Total expenses	$141,798	$494,028	$622,775	$563,221	$544,202	$694,110
Program services	$116,953	$110,417	$127,498	$135,605	$176,309	$318,927
Management and general	$24,845	$353,611	$495,277	$427,616	$367,893	$375,183
Fundraising	$0	$0	$0	$0	$0	$0
Payments to affiliates	$0	$30,000	$0	$0	$0	$0
Net assets or fund balances at end of year	$812,367	$994,985	$989,800	$1,172,723	$1,059,141	$982,994
Excess or (deficit) for the year	$51,535	$182,578	$-5,185	$182,923	$-113,582	$-76,147
Net assets or fund balances at beginning of year	$415,085	$812,367	$994,985	$989,800	$1,172,723	$1,059,141
Other changes in net assets or fund balances	$345,747	$40	$0	$0	$0	$0

	Total	Program services	Management and general	Fundraising
Statement of Functional Expenses (for 2006)
Total functional expenses	$694,110	$318,927	$375,183	$0
Grants paid from donor advised funds		$0
Other grants and allocations		$0
Specific assistance to individuals		$0
Benefits paid to or for members		$0
Compensation of current officers, directors, key employees, etc.	$5,928	$0	$5,928	$0
Compensation of former officers, directors, key employees, etc.	$0	$0	$0	$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)	$0	$0	$0	$0
Salaries and wages of employees not included above	$122,133	$128,397	$-6,264	$0
Pension plan contributions not included above	$3,582	$3,582	$0	$0
Employee benefits not included above	$29,290	$20,215	$9,075	$0
Payroll taxes	$10,087	$10,087	$0	$0
Professional fundraising fees	$0	$0	$0	$0
Accounting fees	$8,063	$0	$8,063	$0
Legal fees	$0	$0	$0	$0
Supplies	$36,413	$36,413	$0	$0
Telephone	$56	$56	$0	$0
Postage and shipping	$128	$128	$0	$0
Occupancy	$0	$0	$0	$0
Equipment rental and maintenance	$1,731	$1,731	$0	$0
Printing and publications	$3,335	$3,335	$0	$0
Travel	$3,622	$3,622	$0	$0
Conferences, conventions, and meetings	$0	$0	$0	$0
Interest	$303,234	$0	$303,234	$0
Depreciation, depletion, etc.	$4,004	$4,004	$0	$0
Other expenses not covered above	$162,504	$107,357	$55,147	$0

	2001	2002	2003	2004	2005	2006
Balance Sheets
Total assets	$3,003,037	$6,129,187	$7,610,152	$8,108,204	$7,794,643	$8,144,056
Cash - non-interest-bearing	$0	$0	$0	$0	$0	$0
Savings and temporary cash investments	$2,339,014	$1,493,177	$631,271	$364,011	$234,024	$161,964
Accounts receivable less allowance for doubtful accounts	$48,529	$114,340	$16,833	$200,631	$100,973	$277,037
Pledges receivable less allowance for doubtful accounts	$0	$0	$0	$0	$0	$0
Grants receivable	$0	$0	$0	$0	$0	$0
Receivables from current and former officers, directors, trustees, and key employees	$0	$0	$0	$0	$0	$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)						$0
Other notes and loans receivable less allowance for doubtful accounts	$0	$0	$0	$0	$0	$0
Inventories for sale or use	$0	$0	$0	$0	$0	$0
Prepaid expenses and deferred charges	$0	$0	$0	$0	$22,434	$0
Investments - publicly-traded securities						$837,533
Investments - other securities	$0	$0	$720,952	$739,448	$804,481	$0
Investments - land, buildings, and equipment less accumulated depreciation	$0	$0	$0	$0	$0	$0
Investments - other	$396,876	$718,283	$682,221	$740,078	$513,652	$626,003
Land, buildings, and equipment less accumulated depreciation	$43,618	$34,415	$9,949	$11,613	$8,049	$8,610
Other assets, including program-related investments	$175,000	$3,768,972	$5,548,926	$6,052,423	$6,111,030	$6,232,909
Total liabilities	$2,190,670	$5,134,202	$6,620,352	$6,935,481	$6,735,502	$7,161,062
Accounts payable and accrued expenses	$920,519	$966,289	$1,116,045	$1,126,073	$1,070,151	$1,060,724
Grants payable	$0	$0	$0	$0	$0	$0
Deferred revenue	$0	$0	$0	$0	$0	$0
Loans from officers, directors, trustees, and key employees	$0	$0	$0	$0	$0	$0
Tax-exempt bond liabilities	$0	$0	$0	$0	$0	$0
Mortgages and other notes payable	$0	$0	$0	$0	$0	$0
Other liabilities	$1,270,151	$4,167,913	$5,504,307	$5,809,408	$5,665,351	$6,100,338
Total liabilities and net assets/fund balances	$3,003,037	$6,129,187	$7,610,152	$8,108,204	$7,794,643	$8,144,056
Total net assets or fund balances	$812,367	$994,985	$989,800	$1,172,723	$1,059,141	$982,994

	2001	2002	2003	2004	2005	2006
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
Total revenue	$193,333	$676,606	$617,590	$746,144	$430,620	$617,963
Total revenue, gains, and other support per audited financial statements	$193,333	$404,305	$382,670	$497,977	$430,620	$617,963
Other expenses	$0	$40	$0	$0	$0	$0
Net unrealized gains on investments	$0	$40	$0	$0	$0	$0
Donated services and use of facilities	$0	$0	$0	$0	$0	$0
Recoveries of prior year grants	$0	$0	$0	$0	$0	$0
Other	$0	$0	$0	$0	$0	$0
Other revenue	$0	$272,341	$234,920	$248,167	$0	$0
Investment expenses	$0	$0	$0	$0	$0	$0
Other	$0	$272,341	$234,920	$248,167	$0	$0

	2001	2002	2003	2004	2005	2006
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
Total expenses	$141,798	$494,028	$622,775	$563,221	$544,202	$694,110
Total expenses and losses per audited financial statements	$141,798	$464,028	$622,775	$563,221	$544,202	$694,110
Other revenue	$0	$0	$0	$0	$0	$0
Donated services and use of facilities	$0	$0	$0	$0	$0	$0
Prior year adjustments	$0	$0	$0	$0	$0	$0
Losses	$0	$0	$0	$0	$0	$0
Other	$0	$0	$0	$0	$0	$0
Other expenses	$0	$30,000	$0	$0	$0	$0
Investment expenses	$0	$0	$0	$0	$0	$0
Other	$0	$30,000	$0	$0	$0	$0

Current Officers, Directors, Trustees, and Key Employees

Total number of officers, directors, and trustees permitted to vote on organization business at board meetings	9
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?	No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?	Yes
Does the organization have a written conflict of interest policy?	Yes

Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?	No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?	No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?	Yes
Direct and indirect political expenditures	$0
Did the organization file Form 1120-POL for this year?	No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members	$0
Section 162(e) lobbying and political expenditures	$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices	$0
Taxable amount of lobbying and political expenditures	$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions	$0
Gross receipts for public use of club facilities	$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?	Yes
Amount of tax imposed on the organization during the year under: section 4911	$0
Amount of tax imposed on the organization during the year under: section 4912	$0
Amount of tax imposed on the organization during the year under: section 4955	$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?	No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958	$0
Amount of tax above, reimbursed by the organization	$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?	No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?	No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?	No
Number of employees employed in the pay period that includes March 12, 2006	0

	Unrelated business income		Excluded by section 512, 513, or 514		Related or exempt function income
Analysis of Income-Producing Activities (for 2006)
	Business code	Amount	Exclusion code	Amount	Related or exempt function income
Total		$0		$429,736	$184,934
Program service revenue
Program service revenue 1	000000	$0	00	$0	$4,000
Program service revenue 2	000000	$0	00	$0	$59,086
Program service revenue 3	000000	$0	00	$0	$49,753
Program service revenue 4	000000	$0	00	$0	$32,095
Program service revenue 5	000000	$0	00	$0	$0
Medicare/Medicaid payments	000000	$0	00	$0	$0
Fees and contracts from government agencies	000000	$0	00	$0	$0
Membership dues and assessments	000000	$0	00	$0	$0
Interest on savings and temporary cash investments	000000	$0	Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)	$317,385	$0
Dividends and interest from securities	000000	$0	00	$0	$0
Net rental income or (loss) from real estate
debt-financed property	000000	$0	00	$0	$0
not debt-financed property	000000	$0	00	$0	$0
Net rental income or (loss) from personal property	000000	$0	00	$0	$0
Other investment income	000000	$0	Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))	$112,351	$0
Gain or (loss) from sales of assets other than inventory	000000	$0	00	$0	$0
Net income or (loss) from special events	000000	$0	00	$0	$0
Gross profit or (loss) from sales of inventory	000000	$0	00	$0	$0
Other revenue	000000	$0	00	$0	$40,000

EIN of corporation, partnership, or disregarded entity	Percentage of ownership interest	Total income	End-of-year assets
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2006)
421269387	100%	$1,439,714	$679,962
	0%	$0	$0
	0%	$0	$0
	0%	$0	$0

Compensation	Contributions to employee benefit plans & deferred compensation	Expense account and other allowances
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2006)
$0	$0	$0
$0	$0	$0
$0	$0	$0
$0	$0	$0
$0	$0	$0

Total number of other employees paid over $50,000	0

Total number of other employees paid over $50,000

Statements About Activities (for 2006)
Expenses paid or incurred in connection with the lobbying activities	$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?	No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?	No
Did the organization maintain any donor advised funds?	No
Did the organization make any taxable distributions under section 4966?	No
Did the organization make a distribution to a donor, donor advisor, or related person?	No
The total number of donor advised funds owned at the end of the tax year	$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year	$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts	$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year	$0

Reason for Non-Private Foundation Status
The organization is not a private foundation because it is	Organization that normally receives: less than 1/3 of its support from gross investment income and unrelated taxable business income and more than 1/3 of its support from contribution, membership fees

	2000	2001	2002	2003	2004	2005
Support Schedule
Total	$112,636	$126,268	$463,156	$441,699	$333,455	$352,300
Gifts, grants, and contributions received	$0	$0	$272,341	$234,920	$248,167	$0
Membership fees received	$0	$0	$0	$0	$0	$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose	$111,174	$123,316	$25,900	$205,060	$85,283	$213,521
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975	$1,462	$2,952	$164,915	$1,719	$5	$138,779
Net income from unrelated business activities not included above	$0	$0	$0	$0	$0	$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf	$0	$0	$0	$0	$0	$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge	$0	$0	$0	$0	$0	$0
Other income	$0	$0	$0	$0	$0	$0

Lobbying Expenditures by Electing Public Charities (for 2006)
Total exempt purpose expenditures	$0
Total lobbying expenditures	$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)	$0
Total lobbying expenditures to influence a legislative body (direct lobbying)	$0
Other exempt purpose expenditures	$0
Lobbying nontaxable amount	$0
Grassroots nontaxable amount	$0

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Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
1	Iowa Odd Fellows & Orphans Home Corporation	1037 19th St Sw, Mason City, IA 50401-6436	IA	1993-03	$5,821,577
2	Regional Ventures Incorporated	1001 Pennsylvania Ave, Ottumwa, IA 52501-2108	IA	1986-06	$617,963
3	Uhlich Childrens Advantage Network, The Northern Trust Company	3737 N Mozart St, Chicago, IL 60618-3615	IL	1939-02	$47,829,911
4	Invision Customized Services	12450 Perry Highway, Wexford, PA 15090-7387	PA	1994-06	$24,368,297
5	Sacramento Childrens Home	2750 Sutterville Rd, Sacramento, CA 95820-1024	CA	1944-01	$17,017,554
6	Sierra Vista Child & Family Services	100 Poplar Ave, Modesto, CA 95354-0510	CA	1972-12	$15,308,182
7	United Methodist Childrens Home Inc	1600 Aldersgate Rd No 200, Little Rock, AR 72205-6676	AR	1946-03	$13,526,399
8	Rose-Mary The Johanna Grasselli Rehabilitation & Education Center	19350 Euclid Ave, Euclid, OH 44117-1425	OH	1946-03	$13,490,993
9	Star View Children And Family Services Inc	1501 Hughes Way Ste 150, Long Beach, CA 90810-1878	CA	1996-04	$10,335,758
10	Sterling Home Care Inc	101 Theall Rd, Rye, NY 10580-1406	NY	1997-12	$9,703,574
11	St Joseph Home Care Network	151 Sotoyome St, Santa Rosa, CA 95405-4803	CA	1995-08	$9,576,757
12	The Maple Valley School Inc	PO BOX 767, Wendell, MA 01379	MA	1974-09	$6,844,443
13	United Methodist Childrens Home	1033 High St, Worthington, OH 43085-4026	OH	1971-11	$4,714,183
14	Youth Opportunities	7670 N Point Ct, Winston Salem, NC 27106-3336	NC	1970-11	$4,203,692
15	Valley Teen Ranch	2610 W Shaw Ln Ste 105, Fresno, CA 93711-2775	CA	1984-02	$4,089,174
16	Spaulding P R A Y Residence Corp	1050 West Genesee St, Syracuse, NY 13204-2215	NY	1983-10	$3,908,464
17	Scenic Acres	23105 Granite Ave, Saint Olaf, IA 52072-8049	IA	1992-08	$2,474,139
18	Youth Shelter Care Of North Central Iowa	301 Avenue M W, Fort Dodge, IA 50501-5623	IA	1979-07	$860,202
19	Skyline Residential Services Inc	2600 N 4th St, Clinton, IA 52732-1840	IA	1984-10	$159,279
20	Cherokee County Residential Services Inc	Po Box 169, Cherokee, IA 51012	IA	1994-09	$50,862

Number of organizations performing similar types of work

Alaska	1
Alabama	17
Arkansas	8
Arizona	6
California	107
Colorado	16
District of Columbia	3
Delaware	3
Florida	22
Georgia	9
Hawaii	1
Iowa	6
Idaho	3
Illinois	20
Indiana	12
Kansas	10
Kentucky	7
Louisiana	4
Massachusetts	13
Maryland	12
Maine	6
Michigan	21
Minnesota	9
Missouri	14
Mississippi	4
Montana	3

North Carolina	17
North Dakota	1
Nebraska	4
New Hampshire	4
New Jersey	15
New Mexico	4
Nevada	3
New York	19
Ohio	25
Oklahoma	2
Oregon	9
Pennsylvania	19
Rhode Island	5
South Carolina	9
South Dakota	1
Tennessee	11
Texas	43
Utah	2
Virginia	10
Vermont	3
Washington	7
Wisconsin	11
West Virginia	3
Wyoming	1
International	2

Total

567

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