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Nonprofiteer
← EDUCATION QUALITY OUTCOMES STANDARDS INC

Form 990 for tax year 2022

Filed by EDUCATION QUALITY OUTCOMES STANDARDS INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , filed 31 October 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total expenses
$103,394 changed to $584,109
Total assets, end of year
$574,542 changed to $336,259
Total liabilities, end of year
$598 changed to $243,028
Net assets or fund balances, end of year
$573,944 changed to $93,231
Program services expenses
$78,887 changed to $584,109
Management and general expenses
$24,507 changed to $0
Program service expenses (Part III)
$78,887 changed to $584,109

Listed only on the later return

  • Maria Flynn

Listed under a different title

  • Elise Scanlon: BOARD MEMBER then DIRECTOR
  • Kristin Sharp: CEO then CEO (FORMER)
  • Lisette Nieves: BOARD MEMBER then DIRECTOR
  • Tameshia Bridges Mansfield: BOARD MEMBER then DIRECTOR
  • Ted Mitchell: BOARD MEMBER then DIRECTOR

Totals

Total revenue
$0
Total expenses
$103,394
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$574,542
Total liabilities, end of year
$598
Net assets or fund balances, end of year
$573,944
Program services expenses (Part IX)
$78,887
Management and general expenses
$24,507
Fundraising expenses
$0
Program service expenses (Part III)
$78,887

Program services were 76.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $28,792 · program services $11,626 · management and general $17,166

  • 9 · Other employee benefits

    total $5,967 · program services $2,410 · management and general $3,557

  • 10 · Payroll taxes

    total $2,573 · program services $1,039 · management and general $1,534

  • 11g · Fees: other

    total $63,250 · program services $63,250

  • 13 · Office expenses

    total $692 · management and general $692

  • 23 · Insurance

    total $213 · management and general $213

  • 24a · Other expenses: RETIREMENT FEES

    total $1,392 · program services $562 · management and general $830

  • 24b · Other expenses: BANK SERVICE CHARGES

    total $388 · management and general $388

  • 24c · Other expenses: OTHER MISCELLANEOUS EXP

    total $127 · management and general $127

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $352,584 · end of year $549,542

  • 3 · Pledges and grants receivable

    beginning of year $325,000 · end of year $25,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $246 · end of year $598

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $677,338 · end of year $573,944

Mission and programs · 2022

Mission

EQOS INTENDS TO CREATE UNIVERSAL STANDARDS FOR POSTSECONDARY INSTITUTIONS. THROUGH THE USE OF UNIVERSAL STANDARDS, EQOS WILL INFLUENCE STUDENT OUTCOMES DATA REPORTING IN THE POSTSECONDARY FIELD SO THAT STUDENTS, STATE AGENCIES, AND EMPLOYERS CAN MAKE APPLES TO APPLES COMPARISONS ABOUT PROGRAM QUALITY.THIS IS CRITICAL BECAUSE STUDENTS, FAMILIES, STATES AND OTHER INTERESTED CONSTITUENTS ARE FACING A BARRAGE OF UNSUBSTANTIATED CLAIMS REGARDING THE OUTCOMES POSTSECONDARY PROGRAMS PRODUCE. CURRENTLY, ONETHIRD OF COLLEGE STUDENTS MAKE NO GAINS IN THEIR WRITING, COMPLEX REASONING, OR CRITICALTHINKING SKILLS AFTER FOUR YEARS OF COLLEGE. ACCORDING TO EDUCATION SECTOR, NEARLY 30% OF COLLEGE STUDENTS WHO TAKE OUT LOANS DROP OUT OF SCHOOL. NATIONALLY, THREE OUT OF FIVE AMERICANS BELIEVE THAT HIGHEREDUCATION LEADERS PUT THE LONGTERM INTERESTS OF THEIR INSTITUTIONS OVER THE NEEDS OF THEIR STUDENTS. AMONG TRADITIONALLY AGED BACHELOR'S DEGREE STUDENTS, ONLY 59% GRADUATE WITHIN SIX YEARS.

Activities or mission (Part I)

EQOS INTENDS TO CREATE UNIVERSAL STANDARDS FOR POST-SECONDARY INSTITUTIONS. THROUGH THE USE OF UNIVERSAL STANDARDS, EQOS WILL INFLUENCE STUDENT OUTCOMES DATA REPORTING IN THE POST-SECONDARY FIELD SO THAT STUDENTS, STATE AGENCIES, AND EMPLOYERS CAN MAKE APPLES TO APPLES COMPARISONS ABOUT PROGRAM QUALITY.

  • ORGANIZATION THAT HELPS POST SECONDARY PROVIDERS COLLECT AND REPORT REALWORLD OUTCOMES DATA IN ORDER TO ESTABLISH CONSISTENT QUALITY ASSURANCE STANDARDS ACROSS EDUCATION AND TRAINING PROGRAMS. EQOS HAS DEVELOPED A ROBUST QUALITY ASSURANCE FRAMEWORK AND APPROACH FOR EDUCATION AND TRAINING PROVIDERS. TODAY, THE FRAMEWORK IS BEING PILOTED IN COLORADO, INDIANA, AND NEW JERSEY. IN ADDITION TO CREATING AND DEFINING THE METRICS FOR OUR FIVE OUTCOMES STANDARD CATEGORIES, WE ASSIST INDIVIDUAL EDUCATION PROVIDERS IN UNDERSTANDING THE FRAMEWORK AND PROVIDE TECHNICAL ASSISTANCE IN THE ACTUAL COLLECTION AND REPORTING OF THE OUTCOMES DATA. WE ALSO ASSIST STATE GOVERNMENTS AND POLICYMAKERS IN UNDERSTANDING THE RESULTS AND USING THEFRAMEWORK TO INCENTIVIZE THE IDENTIFICATION AND SCALING OF EDUCATION PROGRAMS THAT HAVE MEASURABLE REALWORLD SUCCESSES IN TRAINING OR RETRAINING VULNERABLE POPULATIONS.

    Expenses $78,887

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Michael Horn

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Elise Scanlon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ted Mitchell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Lisette Nieves

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tameshia Bridges Mansfield

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kristin Sharp

    CEO

    Total calculated
    $18,473
    From this org
    $17,167
    From related orgs
    $0
    Other
    $1,306
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • JOBS FOR THE FUTURE INC

    501(C)(3) · WORKPLACE DEVELOPMENT · MA

    Directly controlled by JOBS FOR THE FUTURE INC

  • JFFLABS INC

    501(C)(3) · TO PROVIDE AND PROMOTE EDUCATIONAL WORKFORCE AND ECONOMIC DEVELOPMENT · MA

    Directly controlled by JOBS FOR THE FUTURE INC

Provenance

Return type
form_990
Tax year
2022
Filed
3 August 2023
IRS schema version
2022v5.0
Source object
202322159349301202

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