Quad Cities Community Foundation
Nonprofit profile at a glance
- EIN
- 426122716
- IRS 990 coverage
- 2014–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Bettendorf, Iowa, USA
- Phone
- (563) 326-2840
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Community Foundations
Reported finances
- Revenue
- $25,302,425
- Expenses
- $12,353,577
- Assets
- $209,702,570
- Liabilities
- $1,746,228
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
19 people listed
Executive titles in this filing
- SUSAN HAFKEMEYER (PRESIDENT & CEO)
Highest reported compensation
- SUSAN HAFKEMEYER (PRESIDENT & CEO): $255,914 total reported compensation
- ANNE CALDER (VP OF DEVELOPMENT): $148,925 total reported compensation
- KELLY THOMPSON (VP OF GRANTMAKING & COMMUNITY INITIATIVES): $146,276 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To transform the region through the generosity of our donors.
What it reported doing in 2024
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. Staff provides community leadership and facilitates convening of natural stakeholders to address board identified priorities. Larger multi-year grants are considered and awarded by the board appointed committee and monitored for impact. The major issues currently being addressed are based on our communities' regional vision plan that includes iconic natural assets such as the Mississippi river, cultural amenities, workforce development, cradle - career development, diversity, equity and inclusion, community collaboration and economic development.
Operating model
- Revenue model
- Donor-supported. 72% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 93% of its reported program spending out as grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 68
- Transparency & Controls: 66
- Accountability: 95
- Sustainability: 89
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 64.4%; rating input score 64
- Program expense ratio: 78.8%; rating input score 79
- Fundraising efficiency: $20.55 raised per $1 spent on fundraising; rating input score 58; 58th percentile among comparable filings
Transparency & Controls
- Consistency checks: 93.3%; rating input score 93; 14th percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: 90.5%; rating input score 90; 20th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 51.2%; rating input score 94; 94th percentile among comparable filings
- Total-asset coverage ratio: 16.98; rating input score 95; 95th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 93; 93rd percentile among comparable filings
- Officer compensation ratio: 5.6%; rating input score 46; 46th percentile among comparable filings
Growth
- Program expense growth: 3.2% per year; rating input score 100; 27th percentile among comparable filings
- Revenue growth: 0% per year; rating input score 100; 8th percentile among comparable filings
- Asset growth: 6.1% per year; rating input score 100; 43rd percentile among comparable filings
Details
- What they do: 2 programs and campaigns described on the official site · 7 operating locations identified
- Where the money goes: 64.4% of revenue deployed · 78.8% of spending went to programs
- Governance: 13 of 13 board members independent · 8 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $9.7M in reported program spending
- Leadership: top reported pay $256K · 19 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 2 contractors listed · $281K reported
- Consistency: 36 of 37 current checks pass · 1 finding to review
- Schedules: 10 filed schedules · includes major donors, foreign activity, grants, executive pay, and related organizations
- Filing history: 10 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Money network: 267 filed money-flow records
- Related organizations: 263 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- Review — Financial Efficiency: Fundraising efficiency scored 58/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- Moderate — Sustainability: Officer compensation ratio scored 46/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.