Quad-City Plus 60 Friendship Club

“No review was or will be conducted.”

“No documents available to the public.”

“Unrealized gain on investments = $16748”

“2024 gross receipts from non-member sources were comprised of the following amounts within the referenced lines of this form 990:part i. Line 8 $26,709 vendor commissions received from registering 83 travelers on club group multi-day tours and 358 passengers on club-chartered motorcoach day trips plus $12,639 received in sponsorship support for club local social events.part i. Line 9 $2,364 registrations from non-members attending club social events as guests.part i. Line 10 $22 account interest plus $10,897 investment income totaling $10,919. The board approved a resolution in december 2024 to segregate the $10,919 investment income and use it exclusively for funding club community outreach grants in future years to support senior programs offered by local 501(c)(3) non-profit organizations and local government (county and city) units.part i. Line 13 $20,285 in community outreach grants to programs benefiting seniors in the quad-city metropolitan area was comprised of a $4,000 grant to project now in support of its senior nutrition program serving 500 seniors at congregate meal sites and via home deliveries, a $3,000 grant to livwell cares in support of providing holiday meals to 400 low income seniors, a $2,500 grant to friendly house in support of activity outings benefiting 35 seniors, a $2,500 grant to river action llc in support of its senior golf cart tour program benefiting 1,000 seniors, a $2,500 grant to quad cities veterans outreach for its grocery program benefiting 8,010 seniors, a $2,160 grant to milan christian food pantry for hygiene items benefiting 418 seniors, a $1,000 grant to alternatives for older adults for its caregiver support program to 250 seniors, a $1,000 grant to quad city symphony for its music engagement programs held at senior facilities benefiting 200 seniors, a $600 grant to bend of the river pilot club benefiting 93 senior veterans on honor flights, a $525 grant to catfish jazz society in support of the bix beiderbecke birthday bash serving 125 seniors, and a $500 grant to the silver linings bell choir for its program serving 550 seniors. Part i. Line 17 other expenses of $175,195 is comprised of 1) $134,494 direct expenses for local event offerings and club-chartered day trips and 2) $36,915 indirect expenses consisting of $12,450 for membership communication services, $9,506 for administrative expenses, $6,664 for federal and iowa income tax payments, $5,214 for website maintenance, and $3,081 for marketing and promotion. Also included is professional fees of 1,875 and printing fees of 1,911.part iii. The quad-city plus 60 friendship clubs primary exempt purpose as a social club is to plan and offer lifestyle enrichment, educational, and social local events, as well as coordinate one-day trips and multi-day travel tours for its members. Club membership is open to any person 55 years of age or older and his/her spouse. 3-year term membership dues are $10 for a single individual or $15 for a household couple. The three largest program services in 2024 were $71,340 expense in offering 23 local events with a total of 1,595 in attendance, $63,804 expense for 8 club-chartered day trips serving 350 passengers, and $20,285 community outreach grants to 11 organizations.part vi. Lines 8a and 8b - the club secretary drafts minutes of the monthly board meetings, which document the actions taken by the board and its committees. All members of the board subsequently receive and review each drafted set of minutes and subsequently approve or amend the drafted minutes by motion at the following months board meeting.part x. Line 25 $17,763 end of year total liabilities balance is the unearned portion of paid member dues for months after 2024.part xi. Line 9 $16,748 is the unrealized gain in market value of the club's investment fund account during 2024.”