Tri-city Electric Co Charitable
Tri-city Electric Co Charitable is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DAVENPORT, IA. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $212K in total assets. In 2024, it awarded 8 grants totaling $67K. Net investment income was $9K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$212K
+92.9% YoY
Annual Giving
$67K
-36.8% YoY
Grant Count
8
-33.3% YoY
Avg Grant Size
$8K
-5.1% YoY
Under IRS private-foundation payout rules, Tri-city Electric Co Charitable reported a distributable amount of $11K for 2024 — the minimum it must pay out in qualifying distributions.
About Tri-city Electric Co Charitable
Based on IRS filings
Tri-city Electric Co Charitable is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DAVENPORT, IA. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $212K in total assets. In 2024, it awarded 8 grants totaling $67K. Net investment income was $9K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $211,954 | $109,871 | $72,428 |
| Revenue | $178,561 | $157,665 | $33 |
| Expenses | $76,478 | $120,222 | $41,368 |
| Qualifying Distributions | $68,364 | $105,222 | $41,364 |
| Net Investment Income | $8,561 | $7,665 | $33 |
| Distributable Amount | $11,427 | $8,350 | $4,123 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
25 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Quad Cities Golf Classic Charitable Foundation ($30,500), St Ambrose University ($10,000), Trinity Health Foundation ($7,500).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN HEART ASSOCIATION INC DALLAS, TX | ACTIVITIES RELATED TO THE CAUSES, DIAGNOSIS, PREVENTION, AND TREATMENT OF CARDIOVASCULAR DISEASE, STROKE, AND OTHER RELATED DISEASES. | $5,000 |
| DEWITT COMMUNITY HOSPITAL FOUNDATION DEWITT, IA | SUPPORT THE MISSION OF GENESIS MEDICAL CENTER, DEWITT AND OTHER HEALTHCARE RELATED NEEDS. | $1,000 |
| EMPOWER HOUSE PRINCETON, IA | ASSIST BRAIN INJURY SURVIVORS RECONNECT INTO LIFE, THE COMMUNITY, AND THE WORKPLACE. | $2,500 |
| HAND IN HAND BETTENDORF, IA | EMPOWER CHILDREN AND ADULTS OF ALL ABILITIES TO LEARN AND GROW BY PROVIDING INCLUSIVE PROGRAMS AND SUPPORITING FAMILIES. | $5,000 |
| LIVING LANDS & WATERS EAST MOLINE, IL | AID IN THE PROTECTION, PRESERVATION AND RESTORATION OF THE NATURAL ENVIRONMENT OF THE NATION'S MAJOR RIVERS AND THEIR WATERSHEDS. | $5,000 |
| QUAD CITIES GOLF CLASSIC CHARITABLE FOUNDATION EAST MOLINE, IL | 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 THROUGH A PGA TOUR SANCTIONED PROFESSIONAL GOLF TOURNAMENT. | $30,500 |
| ST AMBROSE UNIVERSITY DAVENPORT, IA | ENABLE ITS STUDENTS TO DEVELOP INTELLECTUALLY, SPIRITUALLY, ETHICALLY, SOCIALLY, ARTISTICALLY AND PHYSICALLY TO RENRICH THEIR OWN LIVES AND THE LIVES OF OTHERS. | $10,000 |
| TRINITY HEALTH FOUNDATION ROCK ISLAND, IL | SUPPORT THE MISSION OF TRINITY HOSPITAL. | $7,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DANIEL F PALMER | PRESIDENT/DIRECTOR | 1 | — |
| DOUGLAS F PALMER | DIRECTOR | 1 | — |
| BENJAMIN J PALMER | DIRECTOR | 1 | — |
| RYAN D PALMER | DIRECTOR | 1 | — |
| ANDREW D PALMER | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Tri-city Electric Co Charitable?
Tri-city Electric Co Charitable is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DAVENPORT, IA. It holds $212K in total assets as of 2024.
How large is Tri-city Electric Co Charitable?
As of 2024, Tri-city Electric Co Charitable holds $212K in total assets with $179K in annual revenue. It awarded 8 grants totaling $67K in 2024.
Where does Tri-city Electric Co Charitable operate?
Tri-city Electric Co Charitable has awarded grants in Iowa, Illinois, Texas, Wisconsin.
What size grants does Tri-city Electric Co Charitable award?
In 2024, Tri-city Electric Co Charitable awarded 8 grants totaling $67K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is Tri-city Electric Co Charitable required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Tri-city Electric Co Charitable reported a distributable amount of $11K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Tri-city Electric Co Charitable's EIN?
Tri-city Electric Co Charitable's EIN (Employer Identification Number) is 84-3142834. IRS Form 990 filing data is available on this page for 2022–2024.
Explore Open Grants
Browse active grant opportunities in Tri-city Electric Co Charitable'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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