EIN 42-6122716

Quad Cities Community Foundation (CFGRB)

IRS 501(c) type
501(c)(3)
Num. employees
18
State
Year formed
1964
Most recent tax filings
2022-12-01
NTEE code, primary
Description
CFGRB connects people who care with causes that matter. CFGRB encourages every person to create a legacy. CFGRB's vision is to be a philanthropic pacesetter providing planned giving opportunities for donors and addressing community needs.
Also known as...
Community Foundation of the Great River Bend
Total revenues
$12,042,072
2022
Total expenses
$11,171,015
2022
Total assets
$162,286,975
2022
Num. employees
18
2022

Program areas at CFGRB

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.
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.
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. Qccf adheres to expenditure responsibility rules when necessary.

Grants made by CFGRB

GranteeGrant descriptionAmount
Family ResourcesGeneral Support, Group Violence Intervention Strategy$554,959
River Bend Food ReservoirCapital Campaign, Food Distribution Sites, General Support$436,475
Quad Cities Golf Classic Charitable FoundationGeneral Support$419,300
...and 192 more grants made totalling $6,750,653

Who funds Quad Cities Community Foundation (CFGRB)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Hunt and Diane Harris Family FoundationTo Fund Future Grant Projects$4,055,508
John H Harris Iii Memorial FoundationFund for Future Grants$716,310
Walton Family FoundationTo Expand Community Engagement Around Mississippi River Issues on the Border of Iowa and Illinois.$390,000
...and 21 more grants received totalling $5,801,051

Personnel at CFGRB

NameTitleCompensation
Susan HafkemeyerPresident and Chief Executive Officer$115,303
Michelle PayneVice President of Finance$110,382
Anne CalderVice President of Development$109,007
Kelly ThompsonVice President of Grantmaking and Community Initiatives / Director of Programs$105,181
Joscelyn Rowe, CfreDirector of Donor Engagement and Stewardship
...and 13 more key personnel

Financials for CFGRB

RevenuesFYE 12/2022
Total grants, contributions, etc.$6,778,899
Program services$0
Investment income and dividends$3,433,844
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$1,662,605
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$166,724
Total revenues$12,042,072

Form 990s for CFGRB

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-09990View PDF
2021-122022-11-09990View PDF
2020-122021-11-03990View PDF
2019-122021-03-01990View PDF
2018-122020-02-14990View PDF
...and 9 more Form 990s
Data update history
May 18, 2024
Received grants
Identified 2 new grant, including a grant for $16,677 from Paul Dwayne Norman Charitable Trust
January 20, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 20, 2024
Updated personnel
Identified 1 new personnel
December 31, 2023
Received grants
Identified 8 new grant, including a grant for $390,000 from Walton Family Foundation
December 30, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Grantmaking organizationsCommunity foundationsCharities
Issues
Community improvement
Characteristics
Political advocacyOperates donor advised fundsProvides grantsLobbyingReceives government fundingEndowed supportCommunity engagement / volunteeringProvides scholarshipsFundraising races, competitions, and tournamentsTax deductible donations
General information
Address
852 Middle Rd 100
Bettendorf, IA 52722
Metro area
Davenport-Moline-Rock Island, IA-IL
County
Scott County, IA
Website URL
qccommunityfoundation.org/ 
Phone
(563) 326-2840
Facebook page
cfgrb 
Twitter profile
@cfgrb 
IRS details
EIN
42-6122716
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1964
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T31: Community Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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