Quad Cities Golf Classic Charitable Foundation FY2024 filing

Tax-deductible

East Moline, IL501(c)(3)Since 2003Foundations & GrantmakersEIN 93-1332421

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
$147K paid to officers and key staff.
Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $569K a year · 2% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$147K
to officers and key staff · 0.5% of spending
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.9 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $92K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$5.6M
49% of total assets
Looks good: liabilities are 49% of assets; 50% or less.
Pt X · Ln 26
Independent board members
35
of 35 voting members
Looks good: 35 of 35 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$33.2M
+25% vs prior year
Spent
$31.3M
To programs
96%
Net assets
$5.8M
By yearFY2020–FY2024
Revenue
$33.2M
FY2024▲ +25%
Revenue by fiscal year
FY2020$13.0M
FY2021$22.3M
FY2022$25.4M
FY2023$26.6M
FY2024$33.2M
FY2024$33.9M
Expenses
$31.3M
FY2024▲ +21%
Expenses by fiscal year
FY2020$13.8M
FY2021$21.5M
FY2022$25.1M
FY2023$25.9M
FY2024$31.3M
FY2024$33.1M
Net assets
$5.8M
FY2024▲ +36%
Net assets by fiscal year
FY2020$2.3M
FY2021$3.6M
FY2022$3.5M
FY2023$4.2M
FY2024$5.8M
FY2024$7.1M

From the FY2024 Form 990 (year ending October 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2003.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $29.9M Management & general 4% · $1.2M Fundraising 1% · $216K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

39 people listed on the 990; $147K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Tournament Director
$147,488Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Andrew Lehman’s $195K as Tournament Director is at the 31st 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 · 2 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021
Andrew Lehman$195,372$147,488$130,000——
Clair Peterson———$115,000$32,308

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.

See Quad Cities Golf Classic Charitable Foundation executive salaries →

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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

Hosts a PGA Tour golf tournament to raise funds and support local charities, boosting the community's economy, volunteerism, and quality of life.

Provided by the organization

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2 program services account for $29.9M of program spending, described in the organization's own filed words · FY2023.
01

Pledge Fundraising

Raises funds through direct charitable pledges associated with the john deere classic and re-grants the funds to targeted local charities.

$16.0Mprogram expense
02

The john deere classic, a pga tour event where a portion of the earnings of the event are donated to area charitable organizations.

$13.9Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$92K
Grants paid · 830 grants · $67.4M · 2019–2024
Figge Art MuseumIA · FY2024$1,249,855
Trinity Health FoundationIL · FY2024$1,244,967
Friendship Manor INCIL · FY2024$653,141
Lions of Illinois FoundationIL · FY2024$461,762
Center for Active Seniors INCIA · FY2024$359,015
Family Resources INCIA · FY2024$282,565
Junior Achievement of the HeartlandIL · FY2024$267,915
Abilities PlusIL · FY2024$219,396
See all 830 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$33.2M
Ln 12
Gifts and grantsLn 1h$30.6M
Investment incomeLn 3$1.4M
Fees for servicesLn 2g$1.1M
Money outPt IX
$31.3M
Ln 25
Programscol B$29.9M
Managementcol C$1.2M
Fundraisingcol D$216K
Owns and owesPt X
$5.8M
net assets · Ln 32
Cash and savingsLn 1–2$2.2M
Total assetsLn 16$11.4M
LiabilitiesLn 26$5.6M
PeoplePt VI, VII
39
listed · VII A
PaidVII A1
Voting boardVI 1a35
IndependentVI 1b35
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$30.6M
Fees for servicesLn 2g$1.1M
Investment incomeLn 3$1.4M
Gains on assetsLn 7$965K
Total revenueLn 12$33.2M
Assets in detailPt X, end of year
SavingsLn 2$2.2M
Cash and savings togetherLn 1–2$2.2M
InvestmentsLn 11–13$8.5M
Land, buildings, equipmentLn 10c$180K
Other assetsLn 15$27K
Total assetsLn 16$11.4M
LiabilitiesLn 26$5.6M
Net assetsLn 32$5.8M
OperationsPt I, VI
EmployeesI 58
VolunteersI 62,340
Fiscal year endsHeaderOctober
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$8.9M$2.2M
InvestmentsLn 11–13$2.7M$8.5M
Land, buildings, equipmentLn 10c$108K$180K
Total assetsLn 16$12.5M$11.4M
LiabilitiesLn 26$8.3M$5.6M
Net assetsLn 32$4.2M$5.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$16.0M$16.0M
Pay of current officers, directors and key staffLn 5$147K$147K
Other salaries and wagesLn 7$615K$465K$150K
Pension plan contributionsLn 8$36K$28K$8K
Payroll taxesLn 10$103K$83K$20K
Accounting feesLn 11c$88K$88K
Advertising and promotionLn 12$82K$81K$300
Office expensesLn 13$15K$15K
Information technologyLn 14$30K$30K
TravelLn 17$3K$3K
Conferences, conventions and meetingsLn 19$37K$37K
Depreciation, depletion and amortizationLn 22$28K$28K
InsuranceLn 23$155K$155K
Other expenses (24a–d)Ln 24$13.3M$13.3M$15K
All other expensesLn 24e$684K$589K$72K$23K
Total functional expensesLn 25$31.3M$29.9M$1.2M$216K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $33.2M$31.3M$1.9M$5.8M 990 PDF
FY2023 $26.6M$25.9M$716K$4.2M 990 PDF
FY2022 $25.4M$25.1M$271K$3.5M 990 PDF
FY2021 $22.3M$21.5M$777K$3.6M 990 PDF
FY2020 $13.0M$13.8M−$790K$2.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $33,162,867 across 6 lines filed
VIII-1f All other contributions, gifts and grants$30,588,485
VIII-1h Total contributions, gifts and grants$30,588,485
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,137,642$1,137,642
VIII-3 Investment incomeExcluded from tax $472,111$472,111
VIII-7 Net gain or loss on sales of assetsExcluded from tax $964,629$964,629
VIII-12 Total revenueRelated to mission $1,137,642 · Unrelated business $0 · Excluded from tax $1,436,740$33,162,867
Part IX · Statement of functional expenses $31,289,666 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $15,978,675$15,978,675
IX-5 Pay of current officers, directors and key staffManagement $147,488$147,488
IX-7 Other salaries and wagesManagement $464,702 · Fundraising $150,000$614,702
IX-8 Pension plan contributionsManagement $28,312 · Fundraising $7,500$35,812
IX-10 Payroll taxesManagement $82,786 · Fundraising $20,000$102,786
IX-11c Accounting feesManagement $88,320$88,320
IX-12 Advertising and promotionPrograms $81,209 · Fundraising $300$81,509
IX-13 Office expensesManagement $15,115$15,115
IX-14 Information technologyManagement $30,045$30,045
IX-17 TravelManagement $3,404$3,404
IX-19 Conferences, conventions and meetingsManagement $36,634$36,634
IX-22 Depreciation, depletion and amortizationManagement $27,874$27,874
IX-23 InsuranceManagement $154,728$154,728
IX-24 Other expenses (24a–d)Programs $13,273,609 · Fundraising $14,742$13,288,351
IX-24e All other expensesPrograms $588,671 · Management $72,388 · Fundraising $23,164$684,223
IX-25 Total functional expensesPrograms $29,922,164 · Management $1,151,796 · Fundraising $215,706$31,289,666
Part X · Balance sheet $11,370,911 assets, 15 lines filed
X-2 Savings and temporary cash investmentsStart of year $8,929,405$2,245,830
X-3 Pledges and grants receivableStart of year $560,000$332,000
X-4 Accounts receivableStart of year $188,757$55,908
X-9 Prepaid expenses and deferred chargesStart of year $41,414$44,884
X-10c Land, buildings and equipment, netStart of year $107,640$180,275
X-11 Publicly traded securitiesStart of year $2,679,068$8,485,288
X-15 Other assetsStart of year $20,522$26,726
X-16 Total assetsStart of year $12,526,806$11,370,911
X-17 Accounts payable and accrued expensesStart of year $695,751$480,363
X-19 Deferred revenueStart of year $2,569,898$5,113,764
X-25 Other liabilitiesStart of year $5,020,522$26,726
X-26 Total liabilitiesStart of year $8,286,171$5,620,853
X-27 Net assets without donor restrictionsStart of year $4,240,635$5,750,058
X-32 Total net assets or fund balancesStart of year $4,240,635$5,750,058
X-33 Total liabilities and net assetsStart of year $12,526,806$11,370,911
Part XI · Reconciliation of net assets $5,750,058 net assets at year end
XI-1 Total revenue$33,162,867
XI-2 Total expenses$31,289,666
XI-3 Revenue less expenses$1,873,201
XI-4 Net assets at start of year$4,240,635
XI-5 Net unrealized gains (losses) on investments−$363,778
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,750,058

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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