Quad Cities Golf Classic Charitable Foundation
- Assets
- $5.9m
- Revenue
- $13.0m
- Investments
- $0.0
- Employees
- 7
- Location
- East Moline, IL
- Founding
- 09/2003
- Data as of
- 10/2020
- EIN
- 93-1332421
Organization Overview
Quad Cities Golf Classic Charitable Foundation is located in East Moline, IL. The organization was established in 2003. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 10/2020, Quad Cities Golf Classic Charitable Foundation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Quad Cities Golf Classic Charitable 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 10/2020, Quad Cities Golf Classic Charitable Foundation generated $13.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $13.8m during the year ending 10/2020. As we would expect to see with falling revenues, expenses have declined by (5.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Quad Cities Golf Classic Charitable Foundation has awarded 1,061 individual grants totaling $72,734,569. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE JOHN DEERE CLASSIC, A NOT-FOR-PROFIT CORPORATION, IS TO CONDUCT A PGA TOUR SANCTIONED PROFESSIONAL GOLF TOURNAMENT THAT WILL: CONTRIBUTE POSITIVELY TO THE QUALITY OF LIFE IN OUR COMMUNITY; PROVIDE GROWING ANNUAL FINANCIAL CONTRIBUTIONS TO CHARITY; PROMOTE VOLUNTEERISM; PROVIDE A POSITIVE ECONOMIC IMPACT TO THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE JOHN DEERE CLASSIC, A PGA TOUR EVENT WHERE A PORTION OF THE EARNINGS OF THE EVENT ARE DONATED TO AREA CHARITABLE ORGANIZATIONS.DUE TO COVID-19 RESTRICTIONS THE FOUNDATION NEGATIVELY IMPACTED BY HAVING TO CANCEL THE 2020 GOLF TOURNAMENT.
PLEDGE FUNDRAISING - RAISES FUNDS THROUGH DIRECT CHARITABLE PLEDGES ASSOCIATED WITH THE JOHN DEERE CLASSIC AND RE-GRANTS THE FUNDS TO TARGETED LOCAL CHARITIES.
THE JOHN DEERE CLASSIC, A PGA TOUR EVENT WHERE A PORTION OF THE EARNINGS OF THE EVENT ARE DONATED TO AREA CHARITABLE ORGANIZATIONS.DUE TO COVID-19 RESTRICTIONS THE FOUNDATION NEGATIVELY IMPACTED BY HAVING TO CANCEL THE 2020 GOLF TOURNAMENT.
PLEDGE FUNDRAISING - RAISES FUNDS THROUGH DIRECT CHARITABLE PLEDGES ASSOCIATED WITH THE JOHN DEERE CLASSIC AND RE-GRANTS THE FUNDS TO TARGETED LOCAL CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Eikenberry Chairman Elect | Officer | 10 | $0 |
Kevin Rafferty Vice Chair, Players/on-Course Services | Officer | 10 | $0 |
Aaron Tennant Vice Chair, Finance/information | Officer | 10 | $0 |
Sean Mcguire Past Chair | Officer | 10 | $0 |
Sue Rector Vice Chair Of Operations | Officer | 10 | $0 |
Lee Garlach 2020 Chairman | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,895,394 |
| Investment income | $56,783 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,981,935 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $445,222 |
| Pension plan accruals and contributions | $21,920 |
| Other employee benefits | $0 |
| Payroll taxes | $35,243 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $469 |
| Fees for services: Accounting | $50,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,953 |
| Advertising and promotion | $38,655 |
| Office expenses | $28,276 |
| Information technology | $33,525 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,294 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,971 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $61,241 |
| Insurance | $103,331 |
| All other expenses | $0 |
| Total functional expenses | $13,771,593 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,878,905 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $346,400 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $85,561 |
| Investments—publicly traded securities | $2,447,334 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,926,812 |
| Accounts payable and accrued expenses | $387,969 |
| Grants payable | $0 |
| Deferred revenue | $3,181,194 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $61,976 |
| Total liabilities | $3,631,139 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $2,295,673 |
Grants Awarded
Over the last fiscal year, Quad Cities Golf Classic Charitable Foundation has awarded $23,612,276 in support to 292 organizations.
| Grant Recipient | Amount |
|---|---|
Bettendorf, IA PURPOSE: MOBILIZING PEOPLE AND RESOURCES TO IMPROVE OUR COMMUNITY. UNITED WAY FIGHTS FOR THE HEALTH, EDUCATION, AND FINANCIAL STABILITY OF EVERY PERSON IN OUR COMMUNITY ENSURING ALL QUAD CITIZENS HAVE THE OPPORTUNITY TO LIVE THEIR BEST POSSIBLE LIVES. | $1,338,091 |
Bettendorf, IA PURPOSE: MOBILIZING PEOPLE AND RESOURCES TO IMPROVE OUR COMMUNITY. UNITED WAY FIGHTS FOR THE HEALTH, EDUCATION, AND FINANCIAL STABILITY OF EVERY PERSON IN OUR COMMUNITY ENSURING ALL QUAD CITIZENS HAVE THE OPPORTUNITY TO LIVE THEIR BEST POSSIBLE LIVES. | $1,338,091 |
Davenport, IA PURPOSE: COMMUNITY ENRICHMENT WITH THE EXPERIENCE OF ART THROUGH EDUCATION, COLLECTIONS, EXHIBITIONS, AND PRESERVATION. | $842,504 |
Davenport, IA PURPOSE: COMMUNITY ENRICHMENT WITH THE EXPERIENCE OF ART THROUGH EDUCATION, COLLECTIONS, EXHIBITIONS, AND PRESERVATION. | $842,504 |
Rock Island, IL PURPOSE: TO SECURE CHARITABLE RESOURCES TO SUPPORT TRINITY'S MISSION OF IMPROVING THE HEALTH OF THE COMMUNITIES WE SERVE. | $840,418 |
Rock Island, IL PURPOSE: TO SECURE CHARITABLE RESOURCES TO SUPPORT TRINITY'S MISSION OF IMPROVING THE HEALTH OF THE COMMUNITIES WE SERVE. | $840,418 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Quad Cities Golf Classic Charitable Foundation has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Jimelissa Von Maur Charitable Foundation Bettendorf, IA PURPOSE: GENERAL FUND | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Searle Freedom Trust Madison, WI | $105,094,955 | $12,616,372 |
Bradley Impact Fund Inc Milwaukee, WI | $79,584,497 | $81,442,514 |
Quad Cities Golf Classic Charitable Foundation East Moline, IL | $5,926,812 | $12,981,935 |
Jewel Nail Bomar Trust 8336230300 Chicago, IL | $101,133,335 | $15,350,534 |
Harrison County Community Foundation Support Organ Inc Corydon, IN | $251,226,152 | $18,808,603 |
Pious Projects Of America Bridgeview, IL | $2,395,968 | $8,177,090 |
William R Orthwein Jr And Laura Rand Orthwein Foundation Inc St Louis, MO | $73,594,056 | $14,006,042 |
Worth County Development Authority Northwood, IA | $8,240,749 | $6,157,684 |
Wayfarer Foundation Highland Park, IL | $333,654 | $4,731,977 |
Washington County Riverboat Foundation Washington, IA | $2,209,057 | $4,844,569 |
Royals Charities Inc Kansas City, MO | $948,636 | $2,777,032 |
Fond Du Lac Area Foundation Fond Du Lac, WI | $72,661,560 | $12,050,578 |