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Nonprofiteer
← QUAD CITIES COMMUNITY FOUNDATION

Form 990 for tax year 2022

Filed by QUAD CITIES COMMUNITY FOUNDATION.

Totals

Total revenue
$12,042,072
Total expenses
$11,171,015
Contributions and grants received
$6,778,899
Grants paid
$8,838,573
Program service revenue
$0
Investment income
$5,096,449
Other revenue
$166,724
Total assets, end of year
$162,286,975
Total liabilities, end of year
$1,845,527
Net assets or fund balances, end of year
$160,441,448
Program services expenses (Part IX)
$9,125,159
Management and general expenses
$1,620,418
Fundraising expenses
$425,438
Program service expenses (Part III)
$9,125,159

Program services were 81.7% 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.

  • 1d · Related organizations

    $33,000

  • 1e · Government grants (contributions)

    $321,340

  • 1f · All other contributions, gifts and grants

    $6,424,559

  • 1g · Noncash contributions included above

    $1,704,198

  • 3 · Investment income

    total $3,433,844 · excluded $3,433,844

  • 7a · Gross sales of assets other than inventory

    securities $28,730,549

  • 7b · Less cost or other basis and sales expenses

    securities $27,067,944

  • 7c · Gain or loss

    securities $1,662,605

  • 7d · Net gain or loss

    total $1,662,605 · excluded $1,662,605

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $166,724 · related or exempt $28,520 · unrelated business $138,204

  • 11e · Other revenue, total

    $166,724

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $7,945,651 · program services $7,945,651

  • 2 · Grants to domestic individuals

    total $892,922 · program services $892,922

  • 5 · Compensation of officers, directors and key employees

    total $124,573 · management and general $124,573

  • 7 · Other salaries and wages

    total $798,053 · program services $210,211 · management and general $376,265 · fundraising $211,577

  • 8 · Pension plan contributions

    total $32,061 · program services $7,439 · management and general $17,280 · fundraising $7,342

  • 9 · Other employee benefits

    total $88,980 · program services $19,769 · management and general $49,390 · fundraising $19,821

  • 10 · Payroll taxes

    total $73,423 · program services $17,044 · management and general $39,221 · fundraising $17,158

  • 11a · Fees: management

    total $206,997 · program services $6,800 · management and general $199,443 · fundraising $754

  • 11b · Fees: legal

    total $24,697 · management and general $24,697

  • 11c · Fees: accounting

    total $33,316 · management and general $33,316

  • 11d · Fees: lobbying

    total $5,845 · management and general $5,845

  • 11f · Fees: investment management

    total $348,155 · management and general $348,155

  • 12 · Advertising and promotion

    total $162,379 · program services $2,576 · management and general $14,969 · fundraising $144,834

  • 13 · Office expenses

    total $34,087 · program services $607 · management and general $33,480

  • 14 · Information technology

    total $97,679 · program services $42 · management and general $91,948 · fundraising $5,689

  • 16 · Occupancy

    total $147,827 · management and general $147,827

  • 17 · Travel

    total $8,656 · program services $4,389 · management and general $1,457 · fundraising $2,810

  • 19 · Conferences, conventions and meetings

    total $36,267 · program services $14,629 · management and general $8,735 · fundraising $12,903

  • 22 · Depreciation, depletion and amortization

    total $33,659 · management and general $33,659

  • 23 · Insurance

    total $16,340 · management and general $16,340

  • 24a · Other expenses: INCOME TAX EXPENSE

    total $34,271 · management and general $34,271

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $21,168 · program services $3,080 · management and general $15,538 · fundraising $2,550

  • 24c · Other expenses: BANK SERVICE CHARGES

    total $3,309 · management and general $3,309

  • 24d · Other expenses: BAD DEBT EXPENSE

    total $700 · management and general $700

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $825,789 · end of year $1,910,089

  • 2 · Savings and temporary cash investments

    beginning of year $13,434,348 · end of year $7,021,431

  • 3 · Pledges and grants receivable

    beginning of year $1,996 · end of year $5,150

  • 4 · Accounts receivable

    beginning of year $2,703 · end of year $870

  • 7 · Other notes and loans receivable

    beginning of year $60,585 · end of year $53,964

  • 9 · Prepaid expenses and deferred charges

    beginning of year $62,845 · end of year $77,095

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

    $465,646

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

    $433,900

  • 10c · Land, buildings and equipment, net

    beginning of year $65,406 · end of year $31,746

  • 11 · Investments: publicly traded securities

    beginning of year $179,123,709 · end of year $150,559,954

  • 15 · Other assets

    beginning of year $3,026,415 · end of year $2,626,676

  • 17 · Accounts payable and accrued expenses

    beginning of year $64,869 · end of year $138,419

  • 18 · Grants payable

    beginning of year $295,051 · end of year $334,496

  • 25 · Other liabilities

    beginning of year $1,748,552 · end of year $1,372,612

  • 27 · Net assets without donor restrictions

    beginning of year $188,461,800 · end of year $155,436,166

  • 28 · Net assets with donor restrictions

    beginning of year $6,033,524 · end of year $5,005,282

Mission and programs · 2022

Mission

TRANSFORMING OUR REGION THROUGH THE GENEROSITY OF OUR DONORS

Activities or mission (Part I)

QUAD CITIES COMMUNITY FOUNDATION IS A COLLECTION OF ENDOWMENTS AND OTHER CHARITABLE FUNDS. 4.5% OF THE ROLLING 20 QUARTER AVERAGE BALANCE IS DISTRIBUTED TO NONPROFIT ORGANIZATIONS IN OUR REGION WITH A GOAL OF "TRANSFORMING OUR REGION THROUGH THE GENEROSITY OF OUR DONORS."

  • UNRESTRICTED AND DESIGNATED GRANTS - GRANTS ARE ALLOCATED THROUGH BOTH RESPONSIVE AND PROACTIVE METHODS. A COMMITTEE MADE UP OF BOTH BOARD AND COMMUNITY MEMBERS MEETS TWICE EACH YEAR TO REVIEW GRANT APPLICATIONS AND AWARD RESPONSIVE GRANTS. A BOARD COMMITTEE FOR STRATEGIC GRANTMAKING REVIEWS CURRENT COMMUNITY ISSUES TO IDENTIFY LARGER SCALE PROJECTS AND PARTNERSHIPS. STAFF PROVIDES COMMUNITY LEADERSHIP AND FACILITATES CONVENING OF NATURAL STAKEHOLDERS TO ADDRESS BOARD IDENTIFIED PRIORITIES. LARGER MULTI-YEAR GRANTS ARE CONSIDERED AND AWARDED BY THE BOARD APPOINTED COMMITTEE AND MONITORED FOR IMPACT. THE MAJOR ISSUES CURRENTLY BEING ADDRESSED ARE BASED ON OUR COMMUNITIES' REGIONAL VISION PLAN THAT INCLUDES ICONIC NATURAL ASSETS SUCH AS THE MISSISSIPPI RIVER, CULTURAL AMENITIES, WORKFORCE DEVELOPMENT, CRADLE - CAREER DEVELOPMENT, DIVERSITY, EQUITY AND INCLUSION, COMMUNITY COLLABORATION AND ECONOMIC DEVELOPMENT.

    Expenses $5,457,816 · Grants $5,450,851

  • DONOR ADVISED GRANTS - THE QUAD CITIES COMMUNITY FOUNDATION OPERATES DONOR ADVISED FUNDS TO FULFILL ITS MISSION OF "TRANSFORMING OUR REGION THROUGH THE GENEROSITY OF OUR DONORS." DONORS ADVISE STAFF OF REQUESTED GRANTS, AND STAFF PERFORM DUE DILIGENCE ON SUCH REQUESTS. IF THE GRANT IS DEEMED APPROPRIATE BY STAFF IT IS AWARDED. THE BOARD OF DIRECTORS IS GIVEN A LIST AT EACH BOARD MEETING FOR APPROVAL. EXPENSES IN EXCESS OF GRANTS INCLUDE DISTRIBUTIONS TO NON-CHARITABLE ENTITIES FOR A CHARITABLE PURPOSE. FOR EXAMPLE, PAYING A RETAILER DIRECTLY FOR THE LUMBER TO BUILD PLAYGROUND EQUIPMENT RATHER THAN PAYING A NON-PROFIT ORGANIZATION TO GO PURCHASE THE LUMBER OR TO PROVIDE FUNDS TO A MEMBERSHIP SERVICE ORGANIZATION FOR A CHARITABLE PROJECT. QCCF ADHERES TO EXPENDITURE RESPONSIBILITY RULES WHEN NECESSARY.

    Expenses $3,387,722 · Grants $3,387,722

  • ADMINISTRATIVE SUPPORT FOR GRANT AND SCHOLARSHIP PROGRAM - THIS SUPPORT CONSISTS OF PROCESSING ALL GRANT AND SCHOLARSHIP APPLICATIONS INCLUDING PERFORMING DUE DILIGENCE, SUPPORTING THE GRANTS COMMITTEE, PREPARING THE CHECKS AND ANY REQUIRED FOLLOW UP. THIS ALSO INCLUDES STAFF TIME FOR CONVENING KEY COMMUNITY STAKEHOLDERS FOR DISCUSSION ON LARGER, MORE STRATEGIC COMMUNITY ISSUES.

    Expenses $279,621

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • DEB ANSELM

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • ELIZABETH CERVANTES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • EDNA DENISE GARRETT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • ESMERALDA JINEZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • LANCE LESLIE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • JANET MASAMOTO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • RANDY MOORE

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    5

  • JEAN MORAN

    PAST BOARD CHAIR

    Total calculated
    $0
    Hours/week
    10

  • KENT PILCHER

    VICE BOARD CHAIR

    Total calculated
    $0
    Hours/week
    5

  • MARK SCHWIEBERT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • CRISTY TACKET-HUNT

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • THOMAS THOMS

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    5

  • SCOTT TINSMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • JEFFREY TRAHAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • LADRINA WILSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • SUSAN HAFKEMEYER

    PRESIDENT & CEO

    Total calculated
    $124,573
    From this org
    $115,303
    From related orgs
    $0
    Other
    $9,270
    Hours/week
    39 + 1 related

  • ANNE CALDER

    VP OF DEVELOPMENT

    Total calculated
    $124,661
    From this org
    $109,007
    From related orgs
    $0
    Other
    $15,654
    Hours/week
    40

  • MICHELLE PAYNE

    VP OF FINANCE

    Total calculated
    $118,937
    From this org
    $110,382
    From related orgs
    $0
    Other
    $8,555
    Hours/week
    40

  • KELLY THOMPSON

    VP OF GRANTMAKING & COMMUNITY INITIA

    Total calculated
    $120,450
    From this org
    $105,181
    From related orgs
    $0
    Other
    $15,269
    Hours/week
    40

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

The 10 largest by cash amount. The API serves every itemized grant.

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
27 October 2023
IRS schema version
2022v5.0
Source object
202333139349301833

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.