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Quad Cities Cultural And Educational Charitable Trust

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Community Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$1.16M (2023)

Expenses
$2.04M (2023)

Total Assets
$35.2M (2023)

Total Liabilities
$11.4k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,162,934
Expenses
$2,038,684
Net Income
-$875,750
Net Assets
$35,183,506
Notable Sources of Revenue Percent of Total Revenue
Contributions $255,292
22.0%
Program Services $0
Investment Income $849,707
73.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $57,935
5.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $35,194,950
Total Liabilities $11,444
Net Assets $35,183,506
Compensation
Key Employees and Officers Compensation Related Other
Carmen Darland (Trustee) $0 $0 $0
Shea Doyle (Trustee) $0 $0 $0
Kim Nickels (Trustee) $0 $0 $0
Sara Thoms (Trustee) $0 $0 $0
Mike Thoms (Trustee) $0 $0 $0
Scott Van Vooren (Trustee) $0 $0 $0
Jack Cullen (Trustee) $0 $0 $0
Frank Klipsch (Trustee) $0 $0 $0
Linda Bowers (Trustee) $0 $0 $0
Jim Thomson (Trustee) $0 $0 $0
Tracy Pugh (Trustee) $0 $0 $0
Nate Clark (Trustee) $0 $0 $0
Greg Schermer (Trustee) $0 $0 $0
Dana Waterman Iii (Trustee) $0 $0 $0
Mark Schwiebert (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$678,765
Expenses
$2,393,840
Net Income
-$1,715,075
Net Assets
$32,039,884
Notable Sources of Revenue Percent of Total Revenue
Contributions $269,188
39.7%
Program Services $0
Investment Income $665,434
98.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$255,857
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $32,048,146
Total Liabilities $8,262
Net Assets $32,039,884
Compensation
Key Employees and Officers Compensation Related Other
Carmen Darland (Trustee) $0 $0 $0
Shea Doyle (Trustee) $0 $0 $0
Kim Nickels (Trustee) $0 $0 $0
Sara Thoms (Trustee) $0 $0 $0
Mike Thoms (Trustee) $0 $0 $0
Scott Van Vooren (Trustee) $0 $0 $0
Steve Bahls (Trustee) $0 $0 $0
Randy Moore (Trustee) $0 $0 $0
Linda Bowers (Trustee) $0 $0 $0
Jim Thomson (Trustee) $0 $0 $0
Tracy Pugh (Trustee) $0 $0 $0
Nate Clark (Trustee) $0 $0 $0
Greg Schermer (Trustee) $0 $0 $0
Dana Waterman Iii (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,660,187
Expenses
$2,060,939
Net Income
$1,599,248
Net Assets
$29,410,699
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,551,637
42.4%
Program Services $0
Investment Income $692,037
18.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,416,513
38.7%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $29,616,263
Total Liabilities $205,564
Net Assets $29,410,699
Compensation
Key Employees and Officers Compensation Related Other
C Dana Waterman Iii (Trustor) $0 $0 $0
Carmen Darland (Trustee) $0 $0 $0
Steven Bahls (Trustee) $0 $0 $0
Linda Bowers (Trustee) $0 $0 $0
Sara Thoms (Trustee) $0 $0 $0
Kim Nickels (Trustee) $0 $0 $0
R Scott Van Vooren (Trustee) $0 $0 $0
Shea Doyle (Trustee) $0 $0 $0
Nate Clark (Trustor) $0 $0 $0
Mike Thoms (Trustee) $0 $0 $0
Jim Thomson (Trustee) $0 $0 $0
Greg Schermer (Trustor) $0 $0 $0
Randy Moore (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,588,453
Expenses
$1,929,293
Net Income
$659,160
Net Assets
$23,327,993
Notable Sources of Revenue Percent of Total Revenue
Contributions $789,530
30.5%
Program Services $0
Investment Income $561,731
21.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,237,192
47.8%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $23,327,993
Total Liabilities $0
Net Assets $23,327,993
Compensation
Key Employees and Officers Compensation Related Other
C Dana Waterman Iii (Trustor) $0 $0 $0
Ken Koupal (Trustee) $0 $0 $0
Steve Bahls (Trustee) $0 $0 $0
Linda Bowers (Trustee) $0 $0 $0
Sara Thoms (Trustee) $0 $0 $0
Rene Gellerman (Trustee) $0 $0 $0
R Scott Van Vooren (Trustee) $0 $0 $0
Shea Doyle (Trustee) $0 $0 $0
Jeff Bittner (Trustor) $0 $0 $0
Nate Clark (Trustor) $0 $0 $0
Mike Thoms (Trustee) $0 $0 $0
Jim Thomson (Trustee) $0 $0 $0
Aaron Tennant (Trustee) $0 $0 $0
Randy Moore (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,392,260
Expenses
$1,363,095
Net Income
$2,029,165
Net Assets
$22,577,169
Notable Sources of Revenue Percent of Total Revenue
Contributions $896,555
26.4%
Program Services $0
Investment Income $777,748
22.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,717,957
50.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $4,917
0.4%
Other Salaries and Wages $19,907
1.5%
Assets/Debt
Total Assets $22,577,169
Total Liabilities $0
Net Assets $22,577,169

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,624,394
Expenses
$1,172,784
Net Income
$1,451,610
Net Assets
$20,753,620
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,144,595
43.6%
Program Services $0
Investment Income $669,692
25.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $810,107
30.9%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $41,885
3.6%
Professional Fundraising Fees $39,533
3.4%
Other Salaries and Wages $11,688
1.0%
Assets/Debt
Total Assets $20,753,620
Total Liabilities $0
Net Assets $20,753,620

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,486,114
Expenses
$1,173,509
Net Income
$312,605
Net Assets
$19,416,326
Notable Sources of Revenue Percent of Total Revenue
Contributions $548,500
36.9%
Program Services $0
Investment Income $566,972
38.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $370,642
24.9%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $19,416,326
Total Liabilities $0
Net Assets $19,416,326

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,167,433
Expenses
$1,128,389
Net Income
$39,044
Net Assets
$19,120,524
Notable Sources of Revenue Percent of Total Revenue
Contributions $549,100
47.0%
Program Services $0
Investment Income $524,452
44.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $93,839
8.0%
Net Inventory Sales $0
Other Revenue $42
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $32,592
2.9%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $19,120,524
Total Liabilities $0
Net Assets $19,120,524

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,064,909
Expenses
$1,044,215
Net Income
$5,020,694
Net Assets
$19,081,978
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,852,324
47.0%
Program Services $0
Investment Income $498,106
8.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $2,714,479
44.8%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $33,189
3.2%
Assets/Debt
Total Assets $19,081,978
Total Liabilities $0
Net Assets $19,081,978
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Dana Waterman (Trustor) $0 $0 $0
David Freund (Trustee) $0 $0 $0
Ken Koupal (Trustee) $0 $0 $0
Michael Duffy (Trustee) $0 $0 $0
R Richard Bittner (Trustor) $0 $0 $0
Frank Klipsch (Trustee/Chairman Of The Board) $0 $0 $0
Steve Bahls (Trustee) $0 $0 $0
Tom Spitzfaden (Trustee) $0 $0 $0
Nate Clark (Trustor) $0 $0 $0
Mark Bawden (Former Chairman Of The Board) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,806,460
Expenses
$1,038,441
Net Income
$768,019
Net Assets
$16,228,071
Notable Sources of Revenue Percent of Total Revenue
Contributions $710,946
39.4%
Program Services $0
Investment Income $459,388
25.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $636,126
35.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $24,669
2.4%
Assets/Debt
Total Assets $16,228,071
Total Liabilities $0
Net Assets $16,228,071
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Dana Waterman (Trustor) $0 $0 $0
David Freund (Trustee) $0 $0 $0
Ken Koupal (Trustee) $0 $0 $0
Michael Duffy (Trustee) $0 $0 $0
R Richard Bittner (Trustor) $0 $0 $0
Frank Klipsch (Trustee/Chairman Of The Board) $0 $0 $0
Steve Bahls (Trustee) $0 $0 $0
Tom Spitzfaden (Trustee) $0 $0 $0
Nate Clark (Trustor) $0 $0 $0
Gary L Medd (Former Trustee) $0 $0 $0
Francis Emerson (Former Trustee) $0 $0 $0
Mark Bawden (Former Chairman Of The Board) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,717,616
Expenses
$1,017,176
Net Income
$1,700,440
Net Assets
$15,515,436
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,231,428
45.3%
Program Services $0
Investment Income $339,390
12.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,146,798
42.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $30,000
2.9%
Assets/Debt
Total Assets $15,515,436
Total Liabilities $0
Net Assets $15,515,436
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Dana Waterman (Trustee) $0 $0 $0
Mark D Bawden (Trustee/Chairman Of Board) $0 $0 $0
David Fruend (Trustee) $0 $0 $0
Ken Koupal (Trustee) $0 $0 $0
Gary L Medd (Trustee) $0 $0 $0
Michael Duffy (Trustee) $0 $0 $0
R Richard Bittner (Trustee) $0 $0 $0
Frank Klipsch (Trustee) $0 $0 $0
Frances Emerson (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,619,877
Expenses
$822,063
Net Income
$1,797,814
Net Assets
$13,814,996
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,052,600
40.2%
Program Services $0
Investment Income $409,870
15.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,157,407
44.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $30,000
3.6%
Assets/Debt
Total Assets $13,814,996
Total Liabilities $0
Net Assets $13,814,996

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,596,835
Expenses
$812,141
Net Income
$4,784,694
Net Assets
$12,016,417
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,090,820
91.0%
Program Services $0
Investment Income $259,908
4.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $246,107
4.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $30,000
3.7%
Assets/Debt
Total Assets $12,016,417
Total Liabilities $0
Net Assets $12,016,417

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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