Overview
What is Quad Cities Community Foundation?
The Quad Cities Community Foundation is a charitable organization based in Bettendorf, Iowa, with a team of 18 employees. They manage various endowments and funds with a mission to transform their region through donor generosity. Twice a year, a committee composed of both board members and community individuals reviews grant applications to award responsive grants. Additionally, a board committee for strategic grantmaking identifies larger-scale projects and partnerships based on current community issues. These larger, multi-year grants are considered and awarded by the board-appointed committee, with monitoring for impact. The foundation addresses regional priorities based on the Quad Cities' Community Vision Plan, which encompasses iconic natural assets, cultural amenities, workforce development, education, diversity, equity, collaboration, and economic development.
Official website here: www.qccommunityfoundation.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 99% (Four-Star out of Four Star rating)
The Quad Cities Community Foundation has received an impressive Four-Star rating from Charity Navigator, indicating a high level of transparency and accountability. The foundation excels particularly in its financial practices, achieving a perfect score in multiple categories related to governance and oversight, including an independent board and effective audit procedures. This strong performance reflects a commitment to responsible management of resources, with a program expense ratio of 84.54%, meaning a significant majority of funds are directed towards its mission.
In addition to financial accountability, the foundation scores well in its culture and community engagement, with a score of 93%. It demonstrates effective practices in gathering and utilizing feedback from constituents, indicating that the organization values stakeholder input and adapts accordingly. Their equity strategies are also commendable, showcasing efforts to address diversity and inclusivity within their community initiatives.
However, while the foundation shows strong performance in most areas, there are slight limitations in its equity policies and processes, scoring 3 out of 7. This highlights an area for potential improvement, particularly in how it formalizes and implements equity strategies across its initiatives. Overall, the Quad Cities Community Foundation stands out as a well-managed nonprofit with a focus on community impact and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Quad Cities Community Foundation legitimate?
Quad Cities Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Quad Cities Community Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $124,573
Professional Fundraising Fees: $0
Other Salaries and Wages: $798,053
For more financial information, click here
Official website here: www.qccommunityfoundation.org
What is the mission statement of Quad Cities Community Foundation?
The Quad Cities Community Foundation functions as a collection of charitable funds, distributing a portion of its balance to local non-profit organizations with the goal of transforming their region. Through both responsive and proactive methods, grants are allocated based on the committee's reviews of applications and the board's identification of larger-scale projects and partnerships. The foundation provides community leadership and facilitates the gathering of stakeholders to address board-identified priorities. Larger multi-year grants are considered and awarded by a committee, with monitoring for impact. Current issues being addressed are based on their community's regional vision plan, focusing on natural assets, cultural amenities, workforce development, cradle-to-career development, diversity, equity and inclusion, community collaboration, and economic development.
Official website here: www.qccommunityfoundation.org
Who is the CEO of Quad Cities Community Foundation?
Susan Hafkemeyer is the Board Member of Quad Cities Community Foundation. The CEO's salary of Quad Cities Community Foundation is $115,303 and their total compensation is $124,573.
Official website here: www.qccommunityfoundation.org
What is the revenue of Quad Cities Community Foundation?
Quad Cities Community Foundation's revenue in 2022 was $12,042,072.
Official website here: www.qccommunityfoundation.org
Who are the executives of Quad Cities Community Foundation and what are their salaries?
The average compensation at Quad Cities Community Foundation during 2022 was $51,257. There are 18 employees and 163 volunteers at Quad Cities Community Foundation.
Here are 19 key members and their salaries (Quad Cities Community Foundation's CEO's salary is $115,303 and their total compensation is $124,573):
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- Compensation: $115,303
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- Compensation: $110,382
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- Other: $8,555
- Compensation: $105,181
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- Other: $15,269
Official website here: www.qccommunityfoundation.org
Where can I find the form 990 for Quad Cities Community Foundation?
Quad Cities Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.qccommunityfoundation.org
Learn more at the official website: www.qccommunityfoundation.org
Mission Statement of Quad Cities Community Foundation
Quad Cities Community Foundation is a collective of endowments and charitable funds dedicated to transforming their region through the generosity of donors. This philanthropic organization allocates 4.5% of its rolling 20-quarter average balance to nonprofit organizations in their area. The Foundation's mission is twofold; they use both responsive and proactive methods to distribute grants.
A committee consisting of both board and community members meets biannually to review and award responsive grants based on applications received. In addition to this, a board committee for strategic grantmaking identifies larger-scale projects and partnerships that address the current community issues. The Quad Cities Community Foundation's staff leads and facilitates the convening of natural stakeholders to address priority areas identified by the board.
The Foundation's multifaceted approach to grantmaking extends to larger, multi-year grants, which are awarded and monitored for impact by a board-appointed committee. The major issues currently being addressed by the Quad Cities Community Foundation are based on the regions' community vision plan. This comprehensive plan includes iconic natural assets, cultural amenities, workforce development, cradle-to-career development, diversity, equity and inclusion, community collaboration, and economic development. By investing in these areas, the Quad Cities Community Foundation aims to create lasting, transformative change for their region.
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Impact
October, 2024
The Quad Cities Community Foundation plays a transformative role in the Quad Cities region by strategically allocating funds from a collection of endowments and charitable donations. By distributing 4.5% of the rolling 20-quarter average balance of these funds, it provides critical financial support to local organizations.
The foundation emphasizes both unrestricted and designated grants, applying a responsive grantmaking approach while also taking proactivity into account. A committee composed of board members and community representatives evaluates grant applications biannually, ensuring that allocations are aligned with the region’s needs. Additionally, a board committee focuses on larger-scale projects and partnerships, addressing pressing community issues identified through the region’s vision plan.
Current focus areas include enhancing the community's iconic natural resources—like the Mississippi River—as well as improving cultural amenities, workforce initiatives, cradle-to-career development, and fostering diversity, equity, and inclusion. By convening stakeholders and providing community leadership, the Quad Cities Community Foundation not only supports existing projects but also catalyzes new opportunities for collaboration and economic development, ultimately aiming to enrich the region through the generosity of its donors.
This information is meant to be a general summary of Quad Cities Community Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $5,096,449
- Gross Receipts: $39,110,016
Assets and Liabilities:
- Total Assets: $162,286,975
- Total Liabilities: $1,845,527
- Net Assets: $160,441,448
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Organization Details
Founding Year
1964
Phone
(563) 326-2840Principal Officer
Susan Hafkemeyer
Main Address
852 MIDDLE ROAD 100, BETTENDORF, IA, 52722
NTEE Category
Code: T310 - Philanthropy
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