Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $135,900

• 2a · Program service revenue: MEMBERSHIP DUES

  total $6,486,026 · related or exempt $6,486,026

• 2b · Program service revenue: SHARED SERVICES

  total $5,475,082 · related or exempt $5,475,082

• 2c · Program service revenue: TRAINING

  total $5,258,396 · related or exempt $5,258,396

• 2d · Program service revenue: CONFERENCES

  total $2,570,195 · related or exempt $2,570,195

• 2e · Program service revenue: ROYALTIES AND LICENSIN

  total $1,393,494 · related or exempt $1,393,494

• 2f · All other program service revenue

  total $1,286,922 · related or exempt $1,286,922

• 3 · Investment income

  total $5,757 · excluded $5,757

• 6a · Gross rents

  real property $343,831

• 6b · Less rental expenses

  real property $302,348

• 6c · Rental income or loss

  real property $41,483

• 6d · Net rental income or loss

  total $41,483 · unrelated business $41,483

• 7a · Gross sales of assets other than inventory

  securities $8,713,233

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

  securities $6,849,347

• 7c · Gain or loss

  securities $1,863,886

• 7d · Net gain or loss

  total $1,863,886 · excluded $1,863,886

• 10a · Gross sales of inventory

  $804,888

• 10b · Cost of goods sold

  $355,086

• 10c · Net income from sales of inventory

  total $449,802 · related or exempt $449,802

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $81,917 · program services $81,917

• 5 · Compensation of officers, directors and key employees

  total $1,256,521 · management and general $1,256,521

• 7 · Other salaries and wages

  total $8,385,847 · program services $5,378,029 · management and general $3,007,818

• 8 · Pension plan contributions

  total $317,302 · program services $176,975 · management and general $140,327

• 9 · Other employee benefits

  total $1,023,233 · program services $570,708 · management and general $452,525

• 10 · Payroll taxes

  total $725,934 · program services $404,890 · management and general $321,044

• 11b · Fees: legal

  total $200,293 · program services $136,499 · management and general $63,794

• 11c · Fees: accounting

  total $61,723 · program services $42,064 · management and general $19,659

• 13 · Office expenses

  total $974,048 · program services $846,058 · management and general $127,990

• 16 · Occupancy

  total $3,377,932 · program services $1,008,094 · management and general $2,369,838

• 17 · Travel

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

• 19 · Conferences, conventions and meetings

  total $1,681,454 · program services $1,540,211 · management and general $141,243

• 20 · Interest

  total $863,049 · management and general $863,049

• 22 · Depreciation, depletion and amortization

  total $1,586,009 · program services $442,852 · management and general $1,143,157

• 24a · Other expenses: CONTRACT & PROFESSIONAL

  total $6,323,542 · program services $4,309,460 · management and general $2,014,082

• 24b · Other expenses: PARTNER PAYMENTS

  total $676,259 · program services $676,259

• 24c · Other expenses: OTHER

  total $301,074 · program services $118,460 · management and general $182,614

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $7,133,619 · end of year $6,047,215

• 2 · Savings and temporary cash investments

  beginning of year $388,376 · end of year $455,335

• 4 · Accounts receivable

  beginning of year $866,271 · end of year $1,038,203

• 7 · Other notes and loans receivable

  beginning of year $4,857,789 · end of year $4,288,726

• 8 · Inventories for sale or use

  beginning of year $220,297 · end of year $184,060

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

  $38,857,593

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

  $29,403,954

• 10c · Land, buildings and equipment, net

  beginning of year $9,155,401 · end of year $9,453,639

• 11 · Investments: publicly traded securities

  beginning of year $25,128,158 · end of year $23,357,817

• 15 · Other assets

  beginning of year $941,008 · end of year $1,098,787

• 17 · Accounts payable and accrued expenses

  beginning of year $7,462,771 · end of year $5,619,694

• 19 · Deferred revenue

  beginning of year $3,816,026 · end of year $4,604,965

• 23 · Secured mortgages and notes payable

  beginning of year $11,387,000 · end of year $11,087,000

• 25 · Other liabilities

  beginning of year $500,000 · end of year $1,000,000

• 27 · Net assets without donor restrictions

  beginning of year $25,525,122 · end of year $23,612,123

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 $385,958 · assets $97,280

• AMERICAN SOCIETY FOR QUALITY INDIA PRIVATE LIMITED

  QUALITY CONTROL · WI · income $347,995 · assets $561,438

• ASQ GLOBAL DEVELOPMENT LLC

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

• ASQ CHINA LLC

  QUALITY CONTROL · WI · income $275,213 · assets $0