Moline Foundation
- Assets
- $16.2m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 6
- Location
- Moline, IL
- Founding
- 04/2012
- Data as of
- 09/2022
- EIN
- 80-0664860
Organization Overview
Moline Foundation is located in Moline, IL. The organization was established in 2012. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2022, Moline Foundation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Moline 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 09/2022, Moline Foundation generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $2.6m during the year ending 09/2022. While expenses have increased by 10.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Moline Foundation has awarded 365 individual grants totaling $12,465,324. 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
TO RECEIVE CHARITABLE GIFTS AND PROVIDE GRANTS TO OTHER ORGANIZATIONS TO SUPPORT CIVIC, EDUCATIONAL, HEALTH AND HUMAN SERVICES, AND CULTURAL ACTIVITIES FOR THE CITIZENS OF EASTERN IOWA AND WESTERN ILLINOIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTE GRANTS TO CHARITABLE ORGANIZATIONS AND GOVERNMENTAL ENTITIES TO BENEFIT THE CITIZENS OF MOLINE AND THE SURROUNDING AREA.
AWARD SCHOLARSHIPS FROM CHARITABLE FUNDS ESTABLISHED BY DONORS TO RECIPIENTS SELECTED BY A COMMITTEE BASED ON ACADEMIC RECORD, NEED, AND SCHOOL INVOLVEMENT.
ACCEPT AND ADMINISTER CHARITABLE FUNDS THAT WILL ASSIST THE COMMUNITY IN THE AREAS OF HEALTH AND HUMAN SERVICES, EDUCATION, ARTS AND CULTURE, THE ENVIRONMENT, AND OTHER CAUSES AS DETERMINED AS NECESSARY AND APPROPRIATE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Plagenz President/ce | Officer | 40 | $91,212 |
Jonathon Fox Treasurer | OfficerTrustee | 1 | $0 |
Craig Mack Secretary | OfficerTrustee | 1 | $0 |
Larry Meeske Chair | OfficerTrustee | 1 | $0 |
Jeff Nelson Vice Chair | OfficerTrustee | 1 | $0 |
Dr Reginald Lawrence II Member | Trustee | 1 | $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 | $843,069 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $843,069 |
| Total Program Service Revenue | $0 |
| Investment income | $377,327 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $422,170 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,643,716 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,962,401 |
| Grants and other assistance to domestic individuals. | $56,450 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $92,700 |
| Compensation of current officers, directors, key employees. | $55,620 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $197,885 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $49,389 |
| Payroll taxes | $23,066 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $41,186 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $61,459 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,592 |
| Office expenses | $10,669 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $51,243 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,983 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,191 |
| Insurance | $1,541 |
| All other expenses | $0 |
| Total functional expenses | $2,579,202 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $400,516 |
| 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 | $28,278 |
| Net Land, buildings, and equipment | $2,007 |
| Investments—publicly traded securities | $15,714,619 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,821 |
| Total assets | $16,157,241 |
| Accounts payable and accrued expenses | $32,972 |
| Grants payable | $80,000 |
| 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 | $1,356,727 |
| Total liabilities | $1,469,699 |
| Net assets without donor restrictions | $9,883,413 |
| Net assets with donor restrictions | $4,804,129 |
| 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 | $16,157,241 |
Grants Awarded
Over the last fiscal year, Moline Foundation has awarded $1,763,639 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF EAST MOLINE PURPOSE: GENERAL SUPPORT | $830,510 |
QUAD-CITY MUSIC GUILD PURPOSE: GENERAL SUPPORT | $289,422 |
Davenport, IA PURPOSE: GENERAL SUPPORT | $106,832 |
Moline, IL PURPOSE: DEVELOPMENT | $62,819 |
MOLINE PUBLIC LIBRARY PURPOSE: GENERAL SUPPORT | $49,050 |
EXPERIMENTAL AIRCRAFT ASSOCIATION PURPOSE: GENERAL SUPPORT | $38,980 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Moline Foundation has recieved totaling $29,831.
| Awarding Organization | Amount |
|---|---|
United Way Quad Cities Bettendorf, IA PURPOSE: UW INVESTMENT IN EDUCATION STRATEGIES & DONOR DESIGNATED FUNDS | $16,514 |
Hallene Family Foundation Inc Naples, FL PURPOSE: HAZEL VAN ARSDALE MEMORIAL FUND | $6,300 |
Harold R Bechtel Charitable Tr Davenport, IA PURPOSE: QUAD CITY YOUTH CONFERENCE | $5,000 |
North J And Florence Stockton Charitable Foundation Pennington, NJ PURPOSE: GENERAL OPERATING | $1,000 |
Johnson-Watkins Family Foundation Inc Moline, IL PURPOSE: PROVIDES GRANTS TO HEALTH, HUMAN SERVICES, EDUCATION, AND COMMUNITY | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $17 |
Endowment Analysis
| Beg. Balance | $3,861,000 |
| Earnings | -$1,527,163 |
| Admin Expense | $213,992 |
| Net Contributions | $599,035 |
| Other Expense | $47,176 |
| Grants | $1,338,659 |
| Ending Balance | $1,333,045 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kentucky River Foothills Development Council Inc Richmond, KY | $12,381,295 | $19,871,173 |
Community Action Of Eastern Iowa Davenport, IA | $4,145,446 | $19,807,458 |
Community Action Of Southern Kentucky Incorporated Bowling Green, KY | $10,381,389 | $18,999,181 |
Northern Kentucky Community Action Commisson Inc Covington, KY | $8,823,439 | $18,121,235 |
Embarras River Basin Agency Inc Greenup, IL | $2,961,671 | $18,793,359 |
Jefferson Franklin Community Action Corporation Hillsboro, MO | $6,544,452 | $18,340,130 |
Tri-County Opportunities Council Rock Falls, IL | $4,101,390 | $18,238,868 |
Upper Des Moines Opportunity Inc Graettinger, IA | $5,376,639 | $17,208,548 |
Community Action Agency Of Siouxland Sioux City, IA | $5,735,581 | $15,017,682 |
Mid-Iowa Community Action -Mica- Incorporated Marshalltown, IA | $3,849,705 | $14,587,976 |
Inner-City Muslim Action Network Chicago, IL | $22,441,569 | $25,574,850 |
Will County Center For Community Concerns Inc Joliet, IL | $2,259,108 | $13,384,526 |