Teamquest Foundation
- Assets
- $269.9k
- Revenue
- $5.7k
- Investments
- $266.2k
- Employees
- 0
- Location
- Clear Lake, IA
- Founding
- 02/2003
- Data as of
- 12/2023
- EIN
- 72-1538400
Organization Overview
Teamquest Foundation is located in Clear Lake, IA. The organization was established in 2003. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Teamquest 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 12/2023, Teamquest Foundation generated $5.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $30.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Teamquest Foundation has awarded 30 individual grants totaling $135,830. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Baalson President | 0.3 | $0 | |
John Raymond Vice Preside | 0.2 | $0 | |
Tracy Anderson Treasurer | 0.3 | $0 | |
Stacy Doughan Secretary | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8 |
| Dividends & Interest | $7,828 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,144 |
| Capital Gain Net Income | $2,040 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,692 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $274 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $30 |
| Total operating and administrative expenses | $7,174 |
| Contributions, gifts, grants paid | $23,500 |
| Total expenses and disbursements | $30,674 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,709 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $266,181 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $269,890 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Teamquest Foundation has awarded $23,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CLEAR LAKE COMMUNITY SCHOOL PURPOSE: STEAM LEARNING | $19,500 |
NIACC FOUNDATION PURPOSE: STEAM LEARNING | $4,000 |