Form 990 for tax year 2025
Filed by FAMILY MUSEUM OF ARTS AND SCIENCE FOUNDATION.
Totals
- Total revenue
- $245,377
- Total expenses
- $1,245,492
- Contributions and grants received
- $26,859
- Grants paid
- $1,190,202
- Program service revenue
- $0
- Investment income
- $218,518
- Other revenue
- $0
- Total assets, end of year
- $0
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $0
- Program services expenses (Part IX)
- $1,224,602
- Management and general expenses
- $20,890
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,224,602
Program services were 98.3% 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
$26,859
-
3 · Investment income
total $21,822 · excluded $21,822
-
7a · Gross sales of assets other than inventory
securities $872,127
-
7b · Less cost or other basis and sales expenses
securities $675,431
-
7c · Gain or loss
securities $196,696
-
7d · Net gain or loss
total $196,696 · related or exempt $196,696
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,190,202 · program services $1,190,202
-
11b · Fees: legal
total $5 · management and general $5
-
11c · Fees: accounting
total $4,600 · management and general $4,600
-
11f · Fees: investment management
total $5,771 · management and general $5,771
-
23 · Insurance
total $10,514 · management and general $10,514
-
24a · Other expenses: MUSEUM EXPENDITURES
total $34,400 · program services $34,400
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $184,346
-
11 · Investments: publicly traded securities
beginning of year $988,107
-
27 · Net assets without donor restrictions
beginning of year $1,126,290
-
28 · Net assets with donor restrictions
beginning of year $46,163
Mission and programs · 2025
Mission
THE PURPOSE OF THE FAMILY MUSEUM FOUNDATION IS TO PROVIDE A VEHICLE TO ENCOURAGE PRIVATE GIFTS AND CONTRIBUTIONS TO SUPPORT THOSE EDUCATIONAL PROGRAMS AND SERVICES PROVIDED TO THE COMMUNITY BY THE FAMILY MUSEUM.
-
RAISED FUNDS TO SUPPLEMENT THE FINANCING RECEIVED FROM THE CITY OF BETTENDORF, IA FOR THE FAMILY MUSEUM OF ARTS & SCIENCE. PROVIDE ACCESS ASSISTANCE AWARDS TO THE FAMILIES THAT ARE ELIGIBLE FOR FREE AND REDUCED PRICE SCHOOL MEALS MAY BE AWARDED 90% SUPPORT. THE FAMILY ART MUSEUM OF ARTS & SCIENCE FOUNDATION PROVIDED SUPPORT FOR THESE PROGRAMS THROUGH DONATIONS AND FUNDRAISING. DURING THE YEAR, THE ORGANIZATION IMPLEMENTED A PLAN OF DISSOLTION. EFFECTIVE JUNE 30TH, 2026, THE ORGANIZATION CEASED OPERATIONS AND DISTRIBUTED ALL OF ITS REAMINING ASSETS THROUGH TWO TRANSFERS, 1,190,202, TO QUAD CITIES COMMUNITY FOUNDATION (42-6122716), A TAX EXEMPT ORGANIZATION DESCRIBED IN IRC SECTION 501(C)(3). THE TRANSFERRED ASSETS WILL CONTINUE TO BE USED FOR CHARITABLE PURPOSES CONSISTENT WITH THE ORGANIZATION'S MISSION.
Expenses $1,224,602 · Grants $1,190,202
As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Michelle EvansMICHELLE EVANS
VP/SECRETARY
- Total calculated
- $0
- Hours/week
- 0
-
Kristine TeitleKRISTINE TEITLE
TREASURER
- Total calculated
- $0
- Hours/week
- 0
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
-
QUAD CITIES COMMUNITY FOUNDATION
$1,190,202
TRANSFER OF ASSETS
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.
-
FAMILY MUSEUM DEPT OF CITY OF BETT
NA · SUPP/PROG · IA
Assets distributed on this return
Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.
1 distribution to a recipient named as a person, $1,190,202. Counted where the filer named the recipient as a person, as filed. Who received them, and what, are not published.
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 6 August 2026
- IRS schema version
- 2025v4.0
- Source object
- 202632119349301603
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