Quad Cities Community Foundation
Quad Cities Community Foundation
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About this organization
Mission
The Quad Cities Community Foundation's mission is to transform our region through the generosity of donors.
About
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. CFGRB adheres to expenditure responsibility rules when necessary.
Interesting data from their 2020 990 filing
The non-profit's mission is outlined in the filing as being “Transforming our region through the generosity of our donors”.
When outlining its responsibilities, they were referred to as: “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."”.
- The state in which the non-profit operates has been officially reported as IA.
- The filing reveals the non-profit's address in 2020 to be 852 MIDDLE ROAD NO 100, BETTENDORF, IA, 52722.
- As per the non-profit's form for 2020, they have 16 employees on their payroll.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $8,057,710.
- The organization has 14 independent voting members.
- The organization was formed in 1964.
- The organization pays $948,513 in salary, compensation, and benefits to its employees.
- The organization pays $51,671 in fundraising expenses.