Realty Holdings Inc Of The Quad Cities Community Foundation
- Assets
- $5.3m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Bettendorf, IA
- Founding
- 04/2001
- Data as of
- 12/2022
- EIN
- 42-1513946
Organization Overview
Realty Holdings Inc Of The Quad Cities Community Foundation is located in Bettendorf, IA. The organization was established in 2001. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Realty Holdings Inc Of The Quad Cities Community Foundation 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 12/2022, Realty Holdings Inc Of The Quad Cities Community Foundation generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 27.3% each year . All expenses for the organization totaled $37.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Realty Holdings Inc Of The Quad Cities Community Foundation has awarded 13 individual grants totaling $2,784,565. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
REALTY HOLDINGS, INC. OF QUAD CITIES COMMUNITY FOUNDATION WAS CREATED TO FACILITATE THE RECEIPT AND SALE OF REAL ESTATE GIFTS TRANSFERRING THE CASH GENERATED TO THE QUAD CITIES COMMUNITY FOUNDATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REALTY HOLDINGS INC OF QUAD CITIES COMMUNITY FOUNDATION TRANSFERRED RENTAL REVENUE FROM DONATED FARMS TO A SUPPORTING ORGANIZATION, THE QUAD CITIES COMMUNITY FOUNDATION, TO BE USED FOR GRANTS AND SCHOLARSHIPS.
DESIGNATED GRANTS - REALTY HOLDINGS INC OF THE QUAD CITIES COMMUNITY FOUNDATION HOLDS LAND BASED ON THE INTENTIONS OF THE DONOR, WHICH MAY INCLUDE RETAINING FOR A PERIOD OF TIME. ONCE SPECIFIED TIME OR OTHER FACTORS ARE MET, LAND IS SOLD AND THE NET PROCEEDS OF THE SALE ARE GRANTED TO THE ORGANIZATIONS DESIGNATED BY THE DONOR AT THE TIME OF THE GIFT OF LAND. APPROPRIATE DUE-DILIGENCE IS DONE BY THE GRANTMAKING DEPARTMENT AT QUAD CITIES COMMUNITY FOUNDATION TO ENSURE THAT GRANTEES MEET THE NECESSARY REQUIREMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Hafkemeyer Treasurer | OfficerTrustee | 1 | $0 |
Jeff Ehrmann President | OfficerTrustee | 1 | $0 |
Michael L Gorsline Board Member | Trustee | 1 | $0 |
Tony Knobbe Board Member | Trustee | 1 | $0 |
Lance Leslie Board Member | Trustee | 1 | $0 |
Molly Newell Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $5,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,981,639 |
| Noncash contributions included in lines 1a–1f | $2,731,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,986,639 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $29,877 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,016,516 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $33,000 |
| 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 | $700 |
| Fees for services: Legal | $113 |
| Fees for services: Accounting | $2,037 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,163 |
| All other expenses | $27 |
| Total functional expenses | $37,045 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $299,411 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $5,010,757 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,310,168 |
| Accounts payable and accrued expenses | $33 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $33 |
| Net assets without donor restrictions | $5,310,135 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,310,168 |
Grants Awarded
Over the last fiscal year, Realty Holdings Inc Of The Quad Cities Community Foundation has awarded $2,784,565 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
QUAD CITIES COMMUNITY FOUNDATION PURPOSE: GENERAL SUPPORT TO BE USED FOR SCHOLARSHIPS AND GRANTS | $53,000 |
BETHESDA LUTHERAN COMMUNITIES PURPOSE: TO SUPPORT MISSION | $136,578 |
GENESIS HEALTH SERVICES FOUNDATION PURPOSE: TO SUPPORT THE SERVICES PREVIOUSLY PROVIDED BY DEWITT COMMUNITY HOSPITAL: FINAL GRANT FROM ANDERSON FAMILY FARM AS NAMED BY JOHN ANDERSON | $648,747 |
OUR SAVIOR'S LUTHERAN CHURCH PURPOSE: TO SUPPORT MISSION | $68,289 |
CAMP COURAGEOUS OF IOWA FOUNDATION PURPOSE: TO SUPPORT MISSION | $307,301 |
DEWITT VOLUNTEER FIRE DEPARTMENT INC PURPOSE: TO SUPPORT MISSION | $68,289 |