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Nonprofiteer
← GROW QUAD CITIES FUND-IOWA

Form 990 for tax year 2023

Filed by GROW QUAD CITIES FUND-IOWA.

Totals

Total revenue
$266,841
Total expenses
$357,123
Contributions and grants received
$256,503
Grants paid
$356,253
Program service revenue
$0
Investment income
$10,338
Other revenue
$0
Total assets, end of year
$509,194
Total liabilities, end of year
$192,375
Net assets or fund balances, end of year
$316,819
Program services expenses (Part IX)
$356,253
Management and general expenses
$870
Fundraising expenses
$0
Program service expenses (Part III)
$356,253

Program services were 99.8% 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

    $256,503

  • 3 · Investment income

    total $10,338 · excluded $10,338

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $350,675 · program services $350,675

  • 2 · Grants to domestic individuals

    total $5,578 · program services $5,578

  • 11c · Fees: accounting

    total $870 · management and general $870

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $212,171 · end of year $359,194

  • 3 · Pledges and grants receivable

    beginning of year $200,000 · end of year $150,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,070 · end of year $192,375

  • 27 · Net assets without donor restrictions

    beginning of year $175,993 · end of year $185,711

  • 28 · Net assets with donor restrictions

    beginning of year $231,108 · end of year $131,108

Mission and programs · 2023

Mission

THE PURPOSE OF THE ORGANIZATION IS TO ADVANCE THE GENERAL WELFARE AND PROSPERITY OF SCOTT COUNTY, IOWA AND THE SURROUNDING IOWA QUAD CITIES AREA.

  • MAINTAINING RESOURCES TO ASSIST IN THE IMPLEMENTATION OF ECONOMIC DEVELOPMENT PROGRAMS, SUPPORT ECONOMIC AND COMMUNITY DEVELOPMENT PROJECTS, AND PROMOTE WORKFORCE INITIATIVES IN THE QUAD CITIES REGION.

    Expenses $356,253 · Grants $356,253

As filed on the 2023 return.

Listed in Part VII

  • LADRINA WILSON

    SECRETARY

    Total calculated
    $215,904
    From this org
    $0
    From related orgs
    $215,904
    Other
    $0
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    not reported + $215,904 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $215,904 related

  • BRIETTA COLLIER

    TREASURER

    Total calculated
    $84,125
    From this org
    $0
    From related orgs
    $80,704
    Other
    $3,421
    Hours/week
    1 + 41 related

  • STEVE GEIFMAN

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • TODD HOPKINS

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • HEIDI PARKHURST

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ANNIKA TUNBERG

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1.5 related

  • PAUL VANDUYNE

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART III
THE SECRETARY IS EMPLOYED BY QUAD CITIES CHAMBER OF COMMERCE PURSUANT TO AN EMPLOYMENT CONTRACT. ACCORDINGLY, THE ORGANIZATION IS NOT INVOLVED IN THE DECISION MAKING PROCESS OR HAVE ANY CONTROL RELATIVE TO THE AMOUNT OF COMPENSATION OR BENEFITS RECEIVED BY THE OFFICERS OR KEY EMPLOYEES.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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
2023
Filed
25 February 2025
IRS schema version
2023v6.0
Source object
202530569349301663

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