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Nonprofiteer
← QUAD CITY SYMPHONY TR

Form 990 for tax year 2024

Filed by QUAD CITY SYMPHONY TR.

Totals

Total revenue
$1,941,578
Total expenses
$798,160
Contributions and grants received
$1,592,826
Grants paid
$683,758
Program service revenue
$0
Investment income
$354,855
Other revenue
-$6,103
Total assets, end of year
$17,337,808
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$17,337,808
Program services expenses (Part IX)
$683,758
Management and general expenses
$114,402
Fundraising expenses
$0
Program service expenses (Part III)
$683,758

Program services were 85.7% 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

    $1,592,826

  • 3 · Investment income

    total $354,855 · excluded $354,855

  • 6a · Gross rents

    real property $14,400

  • 6b · Less rental expenses

    real property $20,503

  • 6c · Rental income or loss

    real property -$6,103

  • 6d · Net rental income or loss

    total -$6,103 · excluded -$6,103

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $683,758 · program services $683,758

  • 11f · Fees: investment management

    total $77,911 · management and general $77,911

  • 24a · Other expenses: GENERAL ADMINISTRATION

    total $15,550 · management and general $15,550

  • 24e · All other expenses

    total $20,941 · management and general $20,941

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $434,612 · end of year $374,369

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

    $631,421

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

    $379,212

  • 10c · Land, buildings and equipment, net

    beginning of year $272,712 · end of year $252,209

  • 11 · Investments: publicly traded securities

    beginning of year $13,903,937 · end of year $16,356,926

  • 15 · Other assets

    beginning of year $0 · end of year $354,304

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,700

  • 27 · Net assets without donor restrictions

    beginning of year $13,059,350 · end of year $15,741,597

  • 28 · Net assets with donor restrictions

    beginning of year $1,550,211 · end of year $1,596,211

Mission and programs · 2024

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. THE QUAD CITY SYMPHONY TRUST ALLOCATES 5% OF ITS VALUE AS SUPPORT TO THE ASSOCIATION AS INCOME ON AN ANNUAL BASIS.

    Expenses $683,758 · Grants $683,758

As filed on the 2024 return.

Listed in Part VII

  • Don Pedersen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Scott Van Vooren

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Darlene Steffen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Sue Honsey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Alana Carroll

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Gregory P Schermer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Tom Spitzfaden

    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
2024
Filed
25 February 2026
IRS schema version
2024v5.5
Source object
202600639349301235

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