Quad Cities Community Foundation
Manages charitable endowments to distribute grants and scholarships to regional nonprofits while convening community leaders to address key local issues. For fiscal year 2024 it reported $25.3M in revenue, $12.4M in expenses, and $208.0M in net assets.Pt I
- Founded
- 1964
- Type
- Public foundation / grantmaker · Foundations & Grantmakers
- Location
- Bettendorf, IA
- Filings
- 5 on file (2020–2024)
More identity details & actions ⌄
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Summary of the Filing
Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
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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Where the work happens
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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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 79% | — | — |
| Overhead ratio | 16% | — | — |
| Fundraising cost ratio | 5% | — | — |
| Revenue growth | 70% | — | — |
| Investment management fee ratio | 0.2% | — | — |
| Legal fee ratio | 0.2% | — | — |
| Accounting fee ratio | 0.3% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Grants
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Filings & Schedule Manifest
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Sources
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