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Nonprofiteer
← QUAD CITY SYMPHONY TR

Form 990 for tax year 2022

Filed by QUAD CITY SYMPHONY TR.

Totals

Total revenue
$271,933
Total expenses
$713,101
Contributions and grants received
$13,980
Grants paid
$640,175
Program service revenue
$0
Investment income
$266,367
Other revenue
-$8,414
Total assets, end of year
$13,445,995
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$13,445,995
Program services expenses (Part IX)
$640,175
Management and general expenses
$72,926
Fundraising expenses
$0
Program service expenses (Part III)
$640,175

Program services were 89.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $13,980

  • 3 · Investment income

    total $266,367 · excluded $266,367

  • 6a · Gross rents

    real property $14,400

  • 6b · Less rental expenses

    real property $22,814

  • 6c · Rental income or loss

    real property -$8,414

  • 6d · Net rental income or loss

    total -$8,414 · excluded -$8,414

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $640,175 · program services $640,175

  • 11c · Fees: accounting

    total $10,012 · management and general $10,012

  • 11f · Fees: investment management

    total $61,803 · management and general $61,803

  • 24a · Other expenses: DUES & SUBSCRIPTIONS

    total $1,015 · management and general $1,015

  • 24b · Other expenses: MISCELLANEOUS

    total $96 · management and general $96

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $225,980 · end of year $384,535

  • 10a · Land, buildings and equipment: cost or other basis

    $631,421

  • 10b · Land, buildings and equipment: accumulated depreciation

    $337,703

  • 10c · Land, buildings and equipment, net

    beginning of year $306,031 · end of year $293,718

  • 11 · Investments: publicly traded securities

    beginning of year $12,448,058 · end of year $12,767,742

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,262 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $11,476,896 · end of year $11,945,784

  • 28 · Net assets with donor restrictions

    beginning of year $1,497,911 · end of year $1,500,211

Mission and programs · 2022

Mission

TO FURTHER THE TAX EXEMPT CHARITABLE WORKS OF THE QUAD CITY SYMPHONY ORCHESTRA ASSOCIATION.

Activities or mission (Part I)

THE ORGANIZATION HOLDS INVESTMENTS AND REAL ESTATE TO FURTHER THE TAX EXEMPT CHARITABLE WORKS OF THE QUAD CITY SYMPHONY ORCHESTRA ASSOCIATION.

  • THE QUAD CITY SYMPHONY TRUST IS IN EXISTENCE TO SUPPORT THE NEEDS OF THE QUAD CITY SYMPHONY ORCHESTRA. IT HELPS THE ORCHESTRA REACH OVER 400,000 AREA RESIDENTS, BOTH ADULTS AND CHILDREN, WITH THE HIGHEST QUALITY SYMPHONIC MUSIC AND MUSIC EDUCATION AVAILABLE. O THE QUAD CITY SYMPHONY TRUST ALLOCATES 5% OF ITS VALUE BASED ON A ROLLING TWELVE QUARTER AVERAGE TO THE ASSOCIATION ON AN ANNUAL BASIS.

    Expenses $640,175 · Revenue $271,933

As filed on the 2022 return.

Listed in Part VII

  • TOM SPITZFADEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DON PEDERSEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN HAYES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • R HOVEY TINSMAN

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • KATIE MARCHIK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GREGORY P SCHERMER

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • JILL MCLAUGHLIN

    CHAIR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
10 May 2024
IRS schema version
2022v5.0
Source object
202411319349302026

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