Quad Cities Golf Classic Charitable Foundation
- Assets
- $12.5m
- Revenue
- $26.6m
- Investments
- $0.0
- Employees
- 8
- Location
- East Moline, IL
- Founding
- 09/2003
- Data as of
- 10/2023
- EIN
- 93-1332421
Organization Overview
Quad Cities Golf Classic Charitable Foundation is located in East Moline, IL. The organization was established in 2003. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 10/2023, Quad Cities Golf Classic Charitable Foundation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Quad Cities Golf Classic Charitable 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 10/2023, Quad Cities Golf Classic Charitable Foundation generated $26.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $25.9m during the year ending 10/2023. While expenses have increased by 3.5% 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, Quad Cities Golf Classic Charitable Foundation has awarded 1,416 individual grants totaling $97,637,055. 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
THE MISSION OF THE JOHN DEERE CLASSIC, A NOT-FOR-PROFIT CORPORATION, IS TO CONDUCT A PGA TOUR SANCTIONED PROFESSIONAL GOLF TOURNAMENT THAT WILL: CONTRIBUTE POSITIVELY TO THE QUALITY OF LIFE IN OUR COMMUNITY; PROVIDE GROWING ANNUAL FINANCIAL CONTRIBUTIONS TO CHARITY; PROMOTE VOLUNTEERISM; PROVIDE A POSITIVE ECONOMIC IMPACT TO THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE JOHN DEERE CLASSIC, A PGA TOUR EVENT WHERE A PORTION OF THE EARNINGS OF THE EVENT ARE DONATED TO AREA CHARITABLE ORGANIZATIONS.
PLEDGE FUNDRAISING - RAISES FUNDS THROUGH DIRECT CHARITABLE PLEDGES ASSOCIATED WITH THE JOHN DEERE CLASSIC AND RE-GRANTS THE FUNDS TO TARGETED LOCAL CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beau Perkins Director | Trustee | 0 | $0 |
Ben Yeggy Director | Trustee | 10 | $0 |
Bill Anderson Director | Trustee | 10 | $0 |
Brian Pearson Director | Trustee | 0 | $0 |
Cathy Edwards Director | Trustee | 10 | $0 |
Chris Cramer Director | Trustee | 0 | $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 | $25,331,597 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,331,597 |
| Total Program Service Revenue | $1,175,504 |
| Investment income | $103,285 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $26,610,386 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $14,053,385 |
| 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. | $130,000 |
| Compensation of current officers, directors, key employees. | $130,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $529,611 |
| Pension plan accruals and contributions | $36,604 |
| Other employee benefits | $0 |
| Payroll taxes | $89,627 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $250 |
| Fees for services: Accounting | $83,111 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $81,355 |
| Office expenses | $8,240 |
| Information technology | $9,505 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $985 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $38,303 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,975 |
| Insurance | $154,341 |
| All other expenses | $359,495 |
| Total functional expenses | $25,894,581 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,929,405 |
| Pledges and grants receivable | $560,000 |
| Accounts receivable, net | $188,757 |
| 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 | $41,414 |
| Net Land, buildings, and equipment | $107,640 |
| Investments—publicly traded securities | $2,679,068 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,522 |
| Total assets | $12,526,806 |
| Accounts payable and accrued expenses | $695,751 |
| Grants payable | $0 |
| Deferred revenue | $2,569,898 |
| 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 | $5,020,522 |
| Total liabilities | $8,286,171 |
| Net assets without donor restrictions | $4,240,635 |
| 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 | $12,526,806 |
Grants Awarded
Over the last fiscal year, Quad Cities Golf Classic Charitable Foundation has awarded $12,555,517 in support to 163 organizations.
| Grant Recipient | Amount |
|---|---|
ABILITIES PLUS INC PURPOSE: PROMOTE OPPORTUNITIES THAT RESULT IN INDEPENDENCE AND ACTIVE DECISION MAKING FOR INDIVIDUALS WITH DISABILITIES AND THEIR FAMILIES | $8,045 |
ALLEMAN HIGH SCHOOL PURPOSE: GRADES 9-12 SECONDARY EDUCATION | $212,805 |
ARC OF THE QUAD CITY AREA PURPOSE: A SERVICE ORGANIZATION DEDICATED TO PROVIDING QUALITY SERVICES FOR PEOPLE WITH DISABLITIES ACROSS THEIR LIFETIME | $12,434 |
AMERICAN RED CROSS PURPOSE: PREVENTS AND ALLEVIATES HUMAN SUFFERING IN THE FACE OF EMERGENCIES BY MOBILIZING THE POWER OF VOLUNTEERS AND THE GENEROSITY OF DONORS | $22,365 |
ASSUMPTION HIGH SCHOOL PURPOSE: PROVIDES NON-PROFIT EDUCATION TO STUDENTS | $31,174 |
ASBURY UNITED METHODIST CHURCH PURPOSE: UNITED METHODIST CHURCH | $5,275 |