Moline Foundation
- Assets
- $18.2m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 6
- Location
- Moline, IL
- Founding
- 04/2012
- Data as of
- 09/2023
- EIN
- 80-0664860
Organization Overview
Moline Foundation, operating under the name Moline Regional Community Foundatio, 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 09/2023, Moline Regional Community Foundatio employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Moline Regional Community Foundatio 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 09/2023, Moline Regional Community Foundatio generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $1.6m during the year ending 09/2023. While expenses have increased by 2.9% per year over the past 8 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 Regional Community Foundatio has awarded 304 individual grants totaling $9,277,349. 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
2023
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Plagenz President/ce | Officer | 40 | $93,350 |
Debi Becht Member | Trustee | 1 | $0 |
Jonathon Fox Treasurer | OfficerTrustee | 1 | $0 |
Natalie Linville-Mass Member | Trustee | 1 | $0 |
Scott Lohman Member | Trustee | 1 | $0 |
Craig Mack 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 | $1,358,842 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,358,842 |
| Total Program Service Revenue | $0 |
| Investment income | $447,504 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $238,375 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,051,829 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,040,763 |
| Grants and other assistance to domestic individuals. | $57,925 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $95,204 |
| Compensation of current officers, directors, key employees. | $95,204 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $168,970 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $41,242 |
| Payroll taxes | $21,937 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $45,197 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $47,377 |
| Fees for services: Other | $0 |
| Advertising and promotion | $24,867 |
| Office expenses | $12,297 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $55,708 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,278 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $793 |
| Insurance | $1,559 |
| All other expenses | $0 |
| Total functional expenses | $1,624,638 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $819,919 |
| 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 | $41,850 |
| Net Land, buildings, and equipment | $2,164 |
| Investments—publicly traded securities | $17,282,748 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,645 |
| Total assets | $18,164,326 |
| Accounts payable and accrued expenses | $41,602 |
| Grants payable | $106,500 |
| 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 | $1,525,966 |
| Total liabilities | $1,674,068 |
| Net assets without donor restrictions | $10,395,488 |
| Net assets with donor restrictions | $6,094,770 |
| 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 | $18,164,326 |
Grants Awarded
Over the last fiscal year, Moline Foundation has awarded $783,645 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
ARGROW'S HOUSE OF HEALING AND HOPE PURPOSE: GENERAL SUPPORT | $7,500 |
BLACK HAWK COLLEGE PURPOSE: GRANTS & OTHER SUPP. | $124,785 |
BOYS & GIRLS CLUB OF MISSISSIPPI VA PURPOSE: GENERAL SUPPORT | $7,500 |
CHILDREN'S THERAPY CENTER OF THE QC PURPOSE: GENERAL SUPPORT | $7,000 |
CHRISTIAN CARE PURPOSE: GENERAL SUPPORT | $7,000 |
COMMUNITY HEALTH CARE INC PURPOSE: GENERAL SUPPORT | $7,500 |