Teamquest Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CLEAR LAKE, IA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $408K in total assets. In 2024, it awarded 2 grants totaling $20K. Net investment income was $160K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$408K
+51.0% YoY
Annual Giving
$20K
-15.2% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$10K
-15.2% YoY
Under IRS private-foundation payout rules, Teamquest Foundation reported a distributable amount of $18K for 2024 — the minimum it must pay out in qualifying distributions.
About Teamquest Foundation
Based on IRS filings
Teamquest Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CLEAR LAKE, IA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $408K in total assets. In 2024, it awarded 2 grants totaling $20K. Net investment income was $160K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $407,579 | $269,890 | $294,735 |
| Revenue | $165,443 | $5,692 | $24,801 |
| Expenses | $27,587 | $30,674 | $28,009 |
| Qualifying Distributions | $21,720 | $25,212 | $21,760 |
| Net Investment Income | $159,576 | $4,414 | $8,963 |
| Distributable Amount | $18,090 | $19,212 | $20,029 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
14 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Clear Lake Community School ($15,000), Ghv Community School District ($4,920).
| Recipient | Purpose | Amount |
|---|---|---|
| CLEAR LAKE COMMUNITY SCHOOL CLEAR LAKE, IA | STEAM LEARNING | $15,000 |
| GHV COMMUNITY SCHOOL DISTRICT GARNER, IA | STEAM LEARNING | $4,920 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BRAD BAALSON | PRESIDENT | 0.3 | — |
| JOHN RAYMOND | VICE PRESIDE | 0.3 | — |
| TRACY ANDERSON | TREASURER | 0.3 | — |
| STACY DOUGHAN | SECRETARY | 0.3 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Teamquest Foundation?
Teamquest Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CLEAR LAKE, IA. It holds $408K in total assets as of 2024.
How large is Teamquest Foundation?
As of 2024, Teamquest Foundation holds $408K in total assets with $165K in annual revenue. It awarded 2 grants totaling $20K in 2024.
Where does Teamquest Foundation operate?
Teamquest Foundation has awarded grants in Iowa.
What size grants does Teamquest Foundation award?
In 2024, Teamquest Foundation awarded 2 grants totaling $20K — an average of about $10K per grant, based on its IRS Form 990 filings.
How much is Teamquest Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Teamquest Foundation reported a distributable amount of $18K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Teamquest Foundation's EIN?
Teamquest Foundation's EIN (Employer Identification Number) is 72-1538400. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Teamquest Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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