Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $177,106

• 2a · Program service revenue: MEMBERSHIP DUES

  total $5,959,170 · related or exempt $5,959,170

• 2b · Program service revenue: SHARED SERVICES

  total $5,416,328 · related or exempt $5,416,328

• 2c · Program service revenue: TRAINING

  total $5,130,975 · related or exempt $5,130,975

• 2d · Program service revenue: CONFERENCES

  total $3,162,897 · related or exempt $3,162,897

• 2e · Program service revenue: ROYALTIES AND LICENSIN

  total $1,459,171 · related or exempt $1,459,171

• 2f · All other program service revenue

  total $1,121,783 · related or exempt $1,121,783

• 3 · Investment income

  total $207,775 · excluded $207,775

• 6a · Gross rents

  real property $174,623

• 6b · Less rental expenses

  real property $34,400

• 6c · Rental income or loss

  real property $140,223

• 6d · Net rental income or loss

  total $140,223 · unrelated business $140,223

• 7a · Gross sales of assets other than inventory

  securities $11,008,367 · other assets $1,180,817

• 7b · Less cost or other basis and sales expenses

  securities $7,672,784 · other assets $979,370

• 7c · Gain or loss

  securities $3,335,583 · other assets $201,447

• 7d · Net gain or loss

  total $3,537,030 · unrelated business $201,447 · excluded $3,335,583

• 10a · Gross sales of inventory

  $614,715

• 10b · Cost of goods sold

  $342,748

• 10c · Net income from sales of inventory

  total $271,967 · related or exempt $271,967

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $94,427 · program services $94,427

• 5 · Compensation of officers, directors and key employees

  total $797,266 · management and general $797,266

• 7 · Other salaries and wages

  total $8,221,679 · program services $4,983,860 · management and general $3,237,819

• 8 · Pension plan contributions

  total $335,675 · program services $185,494 · management and general $150,181

• 9 · Other employee benefits

  total $1,014,978 · program services $560,876 · management and general $454,102

• 10 · Payroll taxes

  total $703,848 · program services $388,946 · management and general $314,902

• 11b · Fees: legal

  total $293,010 · program services $191,052 · management and general $101,958

• 11c · Fees: accounting

  total $51,546 · program services $33,610 · management and general $17,936

• 13 · Office expenses

  total $940,908 · program services $846,466 · management and general $94,442

• 16 · Occupancy

  total $3,533,923 · program services $858,708 · management and general $2,675,215

• 17 · Travel

  total $255,142 · program services $233,710 · management and general $21,432

• 19 · Conferences, conventions and meetings

  total $2,063,147 · program services $1,897,276 · management and general $165,871

• 20 · Interest

  total $372,578 · management and general $372,578

• 22 · Depreciation, depletion and amortization

  total $1,210,524 · program services $153,888 · management and general $1,056,636

• 24a · Other expenses: CONTRACT & PROFESSIONAL

  total $6,250,966 · program services $4,075,822 · management and general $2,175,144

• 24b · Other expenses: PARTNER PAYMENTS

  total $739,361 · program services $739,361

• 24c · Other expenses: OTHER

  total $448,955 · program services $361,513 · management and general $87,442

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $6,047,215 · end of year $6,332,561

• 2 · Savings and temporary cash investments

  beginning of year $455,335 · end of year $486,975

• 4 · Accounts receivable

  beginning of year $1,038,203 · end of year $1,034,075

• 7 · Other notes and loans receivable

  beginning of year $4,288,726 · end of year $3,709,658

• 8 · Inventories for sale or use

  beginning of year $184,060 · end of year $176,609

• 10a · Land, buildings and equipment: cost or other basis

  $23,013,991

• 10b · Land, buildings and equipment: accumulated depreciation

  $21,402,003

• 10c · Land, buildings and equipment, net

  beginning of year $9,453,639 · end of year $1,611,988

• 11 · Investments: publicly traded securities

  beginning of year $23,357,817 · end of year $18,927,361

• 15 · Other assets

  beginning of year $1,098,787 · end of year $10,136,670

• 17 · Accounts payable and accrued expenses

  beginning of year $5,619,694 · end of year $5,678,861

• 19 · Deferred revenue

  beginning of year $4,604,965 · end of year $4,330,676

• 23 · Secured mortgages and notes payable

  beginning of year $11,087,000 · end of year $4,000,000

• 25 · Other liabilities

  beginning of year $1,000,000 · end of year $5,177,892

• 27 · Net assets without donor restrictions

  beginning of year $23,612,123 · end of year $23,228,468

The filer's explanations (Part III)

PART I, LINE 5

TO ENCOURAGE AND MOTIVATE CERTAIN MANAGEMENT EMPLOYEES TO ACHIEVE SPECIFIC OPERATING GOALS, THE SOCIETY USES A MANAGEMENT INCENTIVE PLAN (MIP). PARTICIPANTS CAN EARN INCENTIVE COMPENSATION (CALCULATED AS A % OF THEIR BASE SALARY) UNDER A FORMULA-BASED APPROACH THAT COMPARES ACTUAL TO TARGETED RESULTS. TARGETED INCENTIVE AWARDS UNDER THE MIP RANGE FROM 10 TO 20% OF EACH PARTICIPANT'S ANNUAL BASE SALARY. A KEY MIP OPERATIONAL GOAL IS TO ACHIEVE OR EXCEED ANNUAL BUDGETED REVENUES EACH FISCAL YEAR. THIS REVENUE GOAL ACCOUNTS FOR 15% OF EACH PARTICIPANT'S TARGET AWARD FOR THE YEAR.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• ASQ MEXICO LLC

  QUALITY CONTROL · WI · income $247,983 · assets $35,553

• AMERICAN SOCIETY FOR QUALITY INDIA PRIVATE LIMITED

  QUALITY CONTROL · WI · income $294,201 · assets $541,168

• ASQ GLOBAL DEVELOPMENT LLC

  QUALITY CONTROL · WI · income $0 · assets $0

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• ASQ SOUTH HOLDINGS LLC

  EXCLUDED · BUILDING MANAGEMENT · MN · 50% owned · share of income -$113,916 · share of assets $5,220,715