QUAD CITIES COMMUNITY FOUNDATION

EIN: 426122716 501(c)(3) Philanthropy & Grantmaking

BETTENDORF, IA

Total Revenue
$25,302,425
Total Expenses
$12,353,577
Total Assets
$209,702,570
Net Assets
$207,956,342
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1964
Legal Domicile
IA
Principal Officer
SUSAN HAFKEMEYER
Phone
5633262840
Tax Period
2024-01-01 to 2024-12-31

QUAD CITIES COMMUNITY FOUNDATION, founded in 1964, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $25.3M in total revenue in fiscal year 2024. Revenue surged 70% from the prior year, signaling strong growth momentum. The organization ran a surplus of $12.9M, a strong 51% operating margin.

Mission

TRANSFORMING OUR REGION THROUGH THE GENEROSITY OF OUR DONORS

Program Service Accomplishments

Program 1
Expenses: $6,120,434

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...

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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.

Program 2
Expenses: $2,933,958

DONOR ADVISED GRANTS - THE QUAD CITIES COMMUNITY FOUNDATION (THE FOUNDATION) OPERATES DONOR ADVISED FUNDS TO FULFILL ITS MISSION OF "TRANSFORMING OUR REGION THROUGH THE GENEROSITY OF OUR DONORS."...

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DONOR ADVISED GRANTS - THE QUAD CITIES COMMUNITY FOUNDATION (THE 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. THE FOUNDATION ADHERES TO EXPENDITURE RESPONSIBILITY RULES WHEN NECESSARY.

Program 3
Expenses: $675,943

ADMINISTRATIVE SUPPORT FOR GRANT AND SCHOLARSHIP PROGRAM - THIS SUPPORT CONSISTS OF PROCESSING ALL GRANT AND SCHOLARSHIP APPLICATIONS INCLUDING PERFORMING DUE DILIGENCE, SUPPORTING THE GRANTS...

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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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $13,670,093
Program Service Revenue $0
Investment Income $11,415,961
Other Revenue $216,371
TOTAL REVENUE $25,302,425

Expense Breakdown

Grants Paid $9,054,392
Salaries & Benefits $1,777,236
Fundraising Expenses $665,068
Program Expenses $9,730,335
Other Expenses $1,521,949
TOTAL EXPENSES $12,353,577

Year-over-Year Comparison

2024 2023 Change
Revenue $25,302,425 $14,846,043 +0.7%
Expenses $12,353,577 $12,507,962 0.0%
Net Income $12,948,848 $2,338,081 +4.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
13
Independent Members
13
Employees
23
Volunteers
183

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$392,581
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN ANDERSON VICE BOARD CHAIR 5.00
Officer Director
$0 $0 $0
DEB ANSELM BOARD MEMBER 5.00
Director
$0 $0 $0
SURESH BALAKRISHNAN BOARD MEMBER 5.00
Director
$0 $0 $0
ELIZABETH CERVANTES BOARD MEMBER 5.00
Director
$0 $0 $0
ESMERALDA KIZER FORMER BOARD MEMBER 5.00
Director
$0 $0 $0
GERALD JONES BOARD MEMBER 5.00
Director
$0 $0 $0
LANCE LESLIE BOARD MEMBER 5.00
Director
$0 $0 $0
JANET MASAMOTO BOARD MEMBER 5.00
Director
$0 $0 $0
JEAN MORAN FORMER PAST BOARD CHAIR 5.00
Officer Director
$0 $0 $0
KENT PILCHER BOARD CHAIR 5.00
Officer Director
$0 $0 $0
MARK SCHWIEBERT BOARD MEMBER 5.00
Director
$0 $0 $0
CRISTY TACKETT-HUNT SECRETARY 5.00
Officer Director
$0 $0 $0
THOMAS THOMS BOARD TREASURER 5.00
Officer Director
$0 $0 $0
SCOTT TINSMAN BOARD MEMBER 5.00
Director
$0 $0 $0
LADRINA WILSON 2ND VICE BOARD CHAIR 5.00
Officer Director
$0 $0 $0
SUSAN HAFKEMEYER PRESIDENT & CEO 39.00
Officer
$234,929 $20,985 $255,914
PAUL TOMKINS VP OF FINANCE 39.00
Officer
$123,780 $12,887 $136,667
ANNE CALDER VP OF DEVELOPMENT 40.00
Highest
$129,488 $19,437 $148,925
KELLY THOMPSON VP OF GRANTMAKING & COMMUNITY INITIATIVES 40.00
Highest
$118,147 $28,129 $146,276
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $25,302,425 $12,353,577 $209,702,570 $12,948,848
2023 $14,846,043 $12,507,962 $184,908,606 $2,338,081
2022 $12,042,072 $11,171,015 $162,286,975 $871,057
2021 $27,727,167 $10,407,323 $196,603,796 $17,319,844
2020 $15,098,956 $16,569,936 $165,771,747 $-1,470,980
2019 $26,931,536 $14,340,824 $156,922,829 $12,590,712
2018 $17,488,621 $9,430,911 $129,289,172 $8,057,710
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