Moline Foundation

Organization Overview

Moline Foundation is located in Moline, IL. The organization was established in 2012. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2022, Moline Foundation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Moline Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 09/2022, Moline Foundation generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $2.6m during the year ending 09/2022. While expenses have increased by 10.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Moline Foundation has awarded 365 individual grants totaling $12,465,324. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO RECEIVE CHARITABLE GIFTS AND PROVIDE GRANTS TO OTHER ORGANIZATIONS TO SUPPORT CIVIC, EDUCATIONAL, HEALTH AND HUMAN SERVICES, AND CULTURAL ACTIVITIES FOR THE CITIZENS OF EASTERN IOWA AND WESTERN ILLINOIS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DISTRIBUTE GRANTS TO CHARITABLE ORGANIZATIONS AND GOVERNMENTAL ENTITIES TO BENEFIT THE CITIZENS OF MOLINE AND THE SURROUNDING AREA.


AWARD SCHOLARSHIPS FROM CHARITABLE FUNDS ESTABLISHED BY DONORS TO RECIPIENTS SELECTED BY A COMMITTEE BASED ON ACADEMIC RECORD, NEED, AND SCHOOL INVOLVEMENT.


ACCEPT AND ADMINISTER CHARITABLE FUNDS THAT WILL ASSIST THE COMMUNITY IN THE AREAS OF HEALTH AND HUMAN SERVICES, EDUCATION, ARTS AND CULTURE, THE ENVIRONMENT, AND OTHER CAUSES AS DETERMINED AS NECESSARY AND APPROPRIATE.


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Board, Officers & Key Employees

Name (title)Compensation
Paul Plagenz
President/ce
$91,212
Jonathon Fox
Treasurer
$0
Craig Mack
Secretary
$0
Larry Meeske
Chair
$0
Jeff Nelson
Vice Chair
$0
Dr Reginald Lawrence II
Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$843,069
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$843,069
Total Program Service Revenue$0
Investment income $377,327
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $422,170
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,643,716

Grants Awarded

Over the last fiscal year, Moline Foundation has awarded $1,763,639 in support to 44 organizations.

Grant RecipientAmount

CITY OF EAST MOLINE

PURPOSE: GENERAL SUPPORT

$830,510

QUAD-CITY MUSIC GUILD

PURPOSE: GENERAL SUPPORT

$289,422

RIVER BEND FOOD BANK

Org PageRecipient Profile

Davenport, IA

PURPOSE: GENERAL SUPPORT

$106,832

Moline, IL

PURPOSE: DEVELOPMENT

$62,819

MOLINE PUBLIC LIBRARY

PURPOSE: GENERAL SUPPORT

$49,050

EXPERIMENTAL AIRCRAFT ASSOCIATION

PURPOSE: GENERAL SUPPORT

$38,980
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Moline Foundation has recieved totaling $29,831.

Awarding OrganizationAmount
United Way Quad Cities

Bettendorf, IA

PURPOSE: UW INVESTMENT IN EDUCATION STRATEGIES & DONOR DESIGNATED FUNDS

$16,514
Hallene Family Foundation Inc

Naples, FL

PURPOSE: HAZEL VAN ARSDALE MEMORIAL FUND

$6,300
Harold R Bechtel Charitable Tr

Davenport, IA

PURPOSE: QUAD CITY YOUTH CONFERENCE

$5,000
North J And Florence Stockton Charitable Foundation

Pennington, NJ

PURPOSE: GENERAL OPERATING

$1,000
Johnson-Watkins Family Foundation Inc

Moline, IL

PURPOSE: PROVIDES GRANTS TO HEALTH, HUMAN SERVICES, EDUCATION, AND COMMUNITY

$1,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$17
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$3,861,000
Earnings-$1,527,163
Admin Expense$213,992
Net Contributions$599,035
Other Expense$47,176
Grants$1,338,659
Ending Balance$1,333,045

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