Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1999.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
79 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Who runs it and what they're paid
19 people listed on the 990; $606K paid to officers and key staff.
Susan Hafkemeyer’s $235K as President & CEO is at the 50th percentile of top reported officer pay among 661 $10–100M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 6 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Susan Hafkemeyer | $234,929 | $215,390 | $115,303 | — | — |
| Sherry Ristau | — | — | — | $129,797 | $194,119 |
| Anne Calder | $129,488 | $126,484 | $109,007 | $110,009 | — |
| Kelly Thompson | $118,147 | $126,274 | $105,181 | $105,762 | — |
| Paul Tomkins | $123,780 | — | — | — | — |
| Michelle Payne | — | — | $110,382 | $113,257 | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Manages charitable endowments to distribute grants and scholarships to regional nonprofits while convening community leaders to address key local issues.
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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.
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.
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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Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $9.8M | $8.4M |
| InvestmentsLn 11–13 | $172.3M | $197.9M |
| Land, buildings, equipmentLn 10c | $3K | $2K |
| Total assetsLn 16 | $184.9M | $209.7M |
| LiabilitiesLn 26 | $1.7M | $1.7M |
| Net assetsLn 32 | $183.2M | $208.0M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $8.4M | $8.4M | ||
| Grants to domestic individualsLn 2 | $643K | $643K | ||
| Pay of current officers, directors and key staffLn 5 | $393K | $393K | ||
| Other salaries and wagesLn 7 | $1.0M | $428K | $269K | $327K |
| Pension plan contributionsLn 8 | $64K | $18K | $32K | $14K |
| Other employee benefitsLn 9 | $181K | $82K | $68K | $31K |
| Payroll taxesLn 10 | $115K | $36K | $50K | $29K |
| Management feesLn 11a | $318K | $34K | $209K | $75K |
| Legal feesLn 11b | $21K | $21K | ||
| Accounting feesLn 11c | $37K | $37K | ||
| Lobbying feesLn 11d | $6K | $6K | ||
| Investment management feesLn 11f | $454K | $454K | ||
| Advertising and promotionLn 12 | $198K | $33K | $2K | $162K |
| Office expensesLn 13 | $39K | $415 | $38K | |
| Information technologyLn 14 | $95K | $88K | $6K | |
| OccupancyLn 16 | $170K | $170K | ||
| TravelLn 17 | $22K | $9K | $6K | $7K |
| Conferences, conventions and meetingsLn 19 | $48K | $30K | $6K | $11K |
| Depreciation, depletion and amortizationLn 22 | $1K | $1K | ||
| InsuranceLn 23 | $34K | $34K | ||
| Other expenses (24a–d)Ln 24 | $81K | $5K | $73K | $2K |
| Total functional expensesLn 25 | $12.4M | $9.7M | $2.0M | $665K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $25.3M | $12.4M | $12.9M | $208.0M | 990 PDF |
| FY2023 | $14.8M | $12.5M | $2.3M | $183.2M | 990 PDF |
| FY2022 | $12.0M | $11.2M | $871K | $160.4M | 990 PDF |
| FY2021 | $27.7M | $10.4M | $17.3M | $194.5M | 990 PDF |
| FY2020 | $15.1M | $16.6M | −$1.5M | $163.2M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $25,302,425 across 9 lines filed
Part IX · Statement of functional expenses $12,353,577 across 21 lines filed
Part X · Balance sheet $209,702,570 assets, 16 lines filed
Part XI · Reconciliation of net assets $207,956,342 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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