Quad Cities Community Foundation
- Assets
- $162.3m
- Revenue
- $12.0m
- Investments
- $0.0
- Employees
- 18
- Location
- Bettendorf, IA
- Founding
- 02/1999
- Data as of
- 12/2022
- EIN
- 42-6122716
Organization Overview
Quad Cities Community Foundation is located in Bettendorf, IA. The organization was established in 1999. 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. As of 12/2022, Quad Cities Community Foundation employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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, Quad Cities Community Foundation generated $12.0m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $11.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Quad Cities Community Foundation has awarded 1,920 individual grants totaling $66,651,600. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
QUAD CITIES COMMUNITY FOUNDATION IS A COLLECTION OF ENDOWMENTS AND OTHER CHARITABLE FUNDS. 4.5% OF THE ROLLING 20 QUARTER AVERAGE BALANCE IS DISTRIBUTED TO NONPROFIT ORGANIZATIONS IN OUR REGION WITH A GOAL OF "TRANSFORMING OUR REGION THROUGH THE GENEROSITY OF OUR DONORS."
Describe the Organization's Program Activity:
UNRESTRICTED AND DESIGNATED GRANTS - GRANTS ARE ALLOCATED THROUGH BOTH RESPONSIVE AND PROACTIVE METHODS. A COMMITTEE MADE UP OF BOTH BOARD AND COMMUNITY MEMBERS MEETS TWICE EACH YEAR TO REVIEW GRANT APPLICATIONS AND AWARD RESPONSIVE GRANTS. A BOARD COMMITTEE FOR STRATEGIC GRANTMAKING REVIEWS CURRENT COMMUNITY ISSUES TO IDENTIFY LARGER SCALE PROJECTS AND PARTNERSHIPS. STAFF PROVIDES COMMUNITY LEADERSHIP AND FACILITATES CONVENING OF NATURAL STAKEHOLDERS TO ADDRESS BOARD IDENTIFIED PRIORITIES. LARGER MULTI-YEAR GRANTS ARE CONSIDERED AND AWARDED BY THE BOARD APPOINTED COMMITTEE AND MONITORED FOR IMPACT. THE MAJOR ISSUES CURRENTLY BEING ADDRESSED ARE BASED ON OUR COMMUNITIES' REGIONAL VISION PLAN THAT INCLUDES ICONIC NATURAL ASSETS SUCH AS THE MISSISSIPPI RIVER, CULTURAL AMENITIES, WORKFORCE DEVELOPMENT, CRADLE - CAREER DEVELOPMENT, DIVERSITY, EQUITY AND INCLUSION, COMMUNITY COLLABORATION AND ECONOMIC DEVELOPMENT.
DONOR ADVISED GRANTS - THE QUAD CITIES COMMUNITY FOUNDATION OPERATES DONOR ADVISED FUNDS TO FULFILL ITS MISSION OF "TRANSFORMING OUR REGION THROUGH THE GENEROSITY OF OUR DONORS." DONORS ADVISE STAFF OF REQUESTED GRANTS, AND STAFF PERFORM DUE DILIGENCE ON SUCH REQUESTS. IF THE GRANT IS DEEMED APPROPRIATE BY STAFF IT IS AWARDED. THE BOARD OF DIRECTORS IS GIVEN A LIST AT EACH BOARD MEETING FOR APPROVAL. EXPENSES IN EXCESS OF GRANTS INCLUDE DISTRIBUTIONS TO NON-CHARITABLE ENTITIES FOR A CHARITABLE PURPOSE. FOR EXAMPLE, PAYING A RETAILER DIRECTLY FOR THE LUMBER TO BUILD PLAYGROUND EQUIPMENT RATHER THAN PAYING A NON-PROFIT ORGANIZATION TO GO PURCHASE THE LUMBER OR TO PROVIDE FUNDS TO A MEMBERSHIP SERVICE ORGANIZATION FOR A CHARITABLE PROJECT. QCCF ADHERES TO EXPENDITURE RESPONSIBILITY RULES WHEN NECESSARY.
ADMINISTRATIVE SUPPORT FOR GRANT AND SCHOLARSHIP PROGRAM - THIS SUPPORT CONSISTS OF PROCESSING ALL GRANT AND SCHOLARSHIP APPLICATIONS INCLUDING PERFORMING DUE DILIGENCE, SUPPORTING THE GRANTS COMMITTEE, PREPARING THE CHECKS AND ANY REQUIRED FOLLOW UP. THIS ALSO INCLUDES STAFF TIME FOR CONVENING KEY COMMUNITY STAKEHOLDERS FOR DISCUSSION ON LARGER, MORE STRATEGIC COMMUNITY ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deb Anselm Board Member | Trustee | 5 | $0 |
Elizabeth Cervantes Board Member | Trustee | 5 | $0 |
Edna Denise Garrett Board Member | Trustee | 5 | $0 |
Esmeralda Jinez Board Member | Trustee | 5 | $0 |
Lance Leslie Board Member | Trustee | 5 | $0 |
Janet Masamoto Board Member | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Numad Group Marketing, Communications, Strategic Pla | 12/30/22 | $117,487 |
Fund Evaluation Group Investment Consulting Servies | 12/30/22 | $112,805 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $33,000 |
| Government grants | $321,340 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,424,559 |
| Noncash contributions included in lines 1a–1f | $1,704,198 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,778,899 |
| Total Program Service Revenue | $0 |
| Investment income | $3,433,844 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,662,605 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,042,072 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,945,651 |
| Grants and other assistance to domestic individuals. | $892,922 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $124,573 |
| Compensation of current officers, directors, key employees. | $124,573 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $798,053 |
| Pension plan accruals and contributions | $32,061 |
| Other employee benefits | $88,980 |
| Payroll taxes | $73,423 |
| Fees for services: Management | $206,997 |
| Fees for services: Legal | $24,697 |
| Fees for services: Accounting | $33,316 |
| Fees for services: Lobbying | $5,845 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $348,155 |
| Fees for services: Other | $0 |
| Advertising and promotion | $162,379 |
| Office expenses | $34,087 |
| Information technology | $97,679 |
| Royalties | $0 |
| Occupancy | $147,827 |
| Travel | $8,656 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,267 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,659 |
| Insurance | $16,340 |
| All other expenses | $0 |
| Total functional expenses | $11,171,015 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,910,089 |
| Savings and temporary cash investments | $7,021,431 |
| Pledges and grants receivable | $5,150 |
| Accounts receivable, net | $870 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $53,964 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $77,095 |
| Net Land, buildings, and equipment | $31,746 |
| Investments—publicly traded securities | $150,559,954 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,626,676 |
| Total assets | $162,286,975 |
| Accounts payable and accrued expenses | $138,419 |
| Grants payable | $334,496 |
| 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 | $1,372,612 |
| Total liabilities | $1,845,527 |
| Net assets without donor restrictions | $155,436,166 |
| Net assets with donor restrictions | $5,005,282 |
| 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 | $162,286,975 |
Grants Awarded
Over the last fiscal year, Quad Cities Community Foundation has awarded $7,395,790 in support to 230 organizations.
| Grant Recipient | Amount |
|---|---|
A BOOK BY ME - UNDERSTANDING WORKS PURPOSE: GENERAL SUPPORT | $5,099 |
AT STILL UNIVERSITY - DEVELOPMENT OFFICE PURPOSE: SCHOLARSHIPS FOR OSTEOPATHIC MEDICAL STUDENTS | $27,700 |
ALBANY PUBLIC LIBRARY DISTRICT PURPOSE: GENERAL SUPPORT | $8,700 |
ABUNDANT LIFE RANCHERS PURPOSE: GENERAL SUPPORT | $5,750 |
ALLEMAN HIGH SCHOOL PURPOSE: STUDENT CHROMEBOOKS FOR THE FRESHMEN CLASS AND SMART BOARDS AND/OR ADDITIONAL TECHNOLOGY | $25,799 |
AMANI COMMUNITY SERVICES PURPOSE: UNDERSTANDING THE BREAKTHROUGH | $20,000 |