Quad Cities Cultural And Educational Charitable Trust
- Assets
- $29.6m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Bettendorf, IA
- Founding
- 10/2007
- Data as of
- 12/2021
- EIN
- 26-1114466
Organization Overview
Quad Cities Cultural And Educational Charitable Trust is located in Bettendorf, IA. The organization was established in 2007. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Quad Cities Cultural And Educational Charitable Trust is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Quad Cities Cultural And Educational Charitable Trust generated $3.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Quad Cities Cultural And Educational Charitable Trust has awarded 24 individual grants totaling $5,344,116. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE TRUST SHALL BE EXCLUSIVELY FOR THE CHARITABLE, CULTURAL, LITERARY, SCIENTIFIC, AND EDUCATIONAL PURPOSES NECESSARY TO PROVIDE SUPPORT TO IRC SEC 501(C)(3) ORGANIZATIONS LOCATED IN DAVENPORT, IOWA AND ROCK ISLAND, ILLINOIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUTNAM MUSEUM OF HISTORY AND NATURAL SCIENCE AMOUNT RECEIVED IS SUPPORTIVE OF THEIR MISSION.
FIGGE ART MUSEUM AMOUNT RECEIVED IS SUPPORTIVE OF THEIR MISSION.
RIVER MUSIC EXPERIENCE AMOUNT RECEIVED IS SUPPORTIVE OF THEIR MISSION.
QUAD CITY ARTS - $213,542; QUAD CITY BOTANICAL CENTER - $245,684; QUAD CITY SYMPHONY - $262,630; BALLET QUAD CITIES - $30,000; ADLER THEATRE - $100,000; AMOUNT RECEIVED IS SUPPORTIVE OF THEIR RESPECTIVE MISSIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
C Dana Waterman III Trustor | Trustee | 0 | $0 |
Carmen Darland Trustee | Trustee | 0 | $0 |
Steven Bahls Trustee | Trustee | 0 | $0 |
Linda Bowers Trustee | Trustee | 0 | $0 |
R Scott Van Vooren Trustee | Trustee | 0 | $0 |
Shea Doyle Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,551,637 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,551,637 |
| Total Program Service Revenue | $0 |
| Investment income | $692,037 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,416,513 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,660,187 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,810,232 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $105,081 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $765 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,729 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,060,939 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,587 |
| Savings and temporary cash investments | $1,823,527 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $100,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $27,683,149 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $29,616,263 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $205,564 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $205,564 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $23,327,993 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $6,082,706 |
| Total liabilities and net assets/fund balances | $29,616,263 |
Grants Awarded
Over the last fiscal year, Quad Cities Cultural And Educational Charitable Trust has awarded $1,810,232 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Davenport, IA PURPOSE: SUPPORT OF OPERATIONS | $352,342 |
Davenport, IA PURPOSE: SUPPORT OF OPERATIONS | $315,771 |
Davenport, IA PURPOSE: SUPPORT OF OPERATIONS | $290,263 |
Davenport, IA PURPOSE: SUPPORT OF OPERATIONS | $262,630 |
Rock Island, IL PURPOSE: SUPPORT OF OPERATIONS | $245,684 |
Rock Island, IL PURPOSE: SUPPORT OF OPERATIONS | $213,542 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Quad Cities Cultural And Educational Charitable Trust has recieved totaling $162,030.
| Awarding Organization | Amount |
|---|---|
Quad Cities Community Foundation Bettendorf, IA PURPOSE: GENERAL SUPPORT | $152,030 |
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Communitygiving St Cloud, MN | $193,103,222 | $46,523,540 |
Quad Cities Community Foundation Bettendorf, IA | $165,771,747 | $15,098,956 |
Greater Cedar Rapids Community Foundation Cedar Rapids, IA | $223,368,352 | $26,493,454 |
3m Open Fund Blaine, MN | $2,792,523 | $13,492,516 |
St Louis Community Foundation St Louis, MO | $112,098,850 | $20,148,169 |
Dupage Community Foundation Downers Grove, IL | $125,703,251 | $14,295,087 |
Oshkosh Area Community Foundation Corporation Oshkosh, WI | $140,509,815 | $17,534,681 |
Community Foundation Of Greater Dubuque Dubuque, IA | $145,486,240 | $37,640,315 |
Community Foundation Of Northern Illinois Rockford, IL | $141,924,845 | $12,064,778 |
Community Foundation Of Northeast Iowa Cedar Falls, IA | $163,015,524 | $24,241,546 |
West Central Initiative Fergus Falls, MN | $80,928,029 | $10,157,757 |
South Central Iowa Community Foundation Chariton, IA | $15,877,246 | $5,307,597 |