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← QUALITY EDUCATION FOR MINORITIES NETWORK

Form 990 for tax year 2022

Filed by QUALITY EDUCATION FOR MINORITIES NETWORK.

Totals

Total revenue
$2,617,854
Total expenses
$2,137,610
Contributions and grants received
$2,598,641
Grants paid
$306,783
Program service revenue
$0
Investment income
$19,213
Other revenue
$0
Total assets, end of year
$2,110,196
Total liabilities, end of year
$1,016,914
Net assets or fund balances, end of year
$1,093,282
Program services expenses (Part IX)
$1,790,950
Management and general expenses
$301,219
Fundraising expenses
$45,441
Program service expenses (Part III)
$1,790,950

Program services were 83.8% 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.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $1,840,376

  • 1f · All other contributions, gifts and grants

    $758,265

  • 3 · Investment income

    total $19,213 · excluded $19,213

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $306,783 · program services $306,783

  • 5 · Compensation of officers, directors and key employees

    total $404,674 · program services $295,064 · management and general $92,081 · fundraising $17,529

  • 7 · Other salaries and wages

    total $333,374 · program services $243,076 · management and general $75,857 · fundraising $14,441

  • 8 · Pension plan contributions

    total $30,745 · program services $22,417 · management and general $6,996 · fundraising $1,332

  • 9 · Other employee benefits

    total $104,049 · program services $75,866 · management and general $23,676 · fundraising $4,507

  • 10 · Payroll taxes

    total $69,398 · program services $50,601 · management and general $15,791 · fundraising $3,006

  • 11c · Fees: accounting

    total $84,837 · management and general $84,837

  • 11f · Fees: investment management

    total $3,793 · management and general $3,793

  • 11g · Fees: other

    total $346,320 · program services $331,270 · management and general $15,050

  • 13 · Office expenses

    total $15,192 · program services $11,331 · management and general $3,861

  • 16 · Occupancy

    total $89,575 · management and general $89,575

  • 17 · Travel

    total $133,528 · program services $131,690 · management and general $1,838

  • 19 · Conferences, conventions and meetings

    total $500 · program services $500

  • 20 · Interest

    total $165 · management and general $165

  • 22 · Depreciation, depletion and amortization

    total $855 · management and general $855

  • 23 · Insurance

    total $2,864 · management and general $2,864

  • 24a · Other expenses: OTHER PARTICIPANTS COST

    total $114,632 · program services $114,795 · management and general -$163

  • 24b · Other expenses: STIPENDS/FELLOWSHIPS

    total $64,681 · program services $64,681

  • 24c · Other expenses: EQUIPMENT RENTAL AND MA

    total $26,369 · program services $8,324 · management and general $18,045

  • 24d · Other expenses: INDIRECT COST ALLOC.

    total $0 · program services $133,613 · management and general -$138,239 · fundraising $4,626

  • 24e · All other expenses

    total $5,276 · program services $939 · management and general $4,337

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $48 · end of year $48

  • 2 · Savings and temporary cash investments

    beginning of year $189,385 · end of year $992,762

  • 3 · Pledges and grants receivable

    beginning of year $295,445 · end of year $605,920

  • 4 · Accounts receivable

    beginning of year $5,849 · end of year $265

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,786 · end of year $12,874

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

    $36,933

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

    $35,717

  • 10c · Land, buildings and equipment, net

    beginning of year $2,071 · end of year $1,216

  • 11 · Investments: publicly traded securities

    beginning of year $406,224 · end of year $421,886

  • 14 · Intangible assets

    end of year $48,408

  • 15 · Other assets

    beginning of year $26,817 · end of year $26,817

  • 17 · Accounts payable and accrued expenses

    beginning of year $224,597 · end of year $266,731

  • 19 · Deferred revenue

    beginning of year $121,710 · end of year $703,961

  • 25 · Other liabilities

    beginning of year $0 · end of year $46,222

  • 27 · Net assets without donor restrictions

    beginning of year $587,318 · end of year $593,854

  • 28 · Net assets with donor restrictions

    end of year $499,428

Mission and programs · 2022

Mission

QUALITY EDUCATION FOR MINORITIES NETWORK (QEM) SERVES AS A NATIONAL RESOURCE AND CATALYST TO HELP UNITE AND STRENGTHEN EDUCATIONAL RESTRUCTURING EFFORTS FOR THE BENEFIT OF MINORITY CHILDREN, YOUTH, AND ADULTS, WHILE ADVANCING MINORITY PARTICIPATION AND LEADERSHIP IN THE NATIONAL DEBATE ON HOW BEST TO INSURE ACCESS TO A QUALITY EDUCATION FOR ALL CITIZENS.

Activities or mission (Part I)

QEM SERVES AS A NATIONAL RESOURCE AND CATALYST TO HELP UNITE AND STRENGTHEN EDUCATIONAL RESTRUCTURING EFFORTS FOR THE BENEFIT OF MINORITY CHILDREN, YOUTH, AND ADULTS.

  • SEE SCHEDULE O

    Expenses $1,790,950 · Grants $306,783

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

Listed in Part VII

  • Davien Burnette

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Dr Charles Beady Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mr Derik Coffey

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Mr Richard Coleman II

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Leonard Haynes III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ms Gail Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Diana I Marinez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Cynthia Overton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Orlando Taylor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr James Turner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Sherrie M B Green

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Mercy Mugo

    EXECUTIVE DIRECTOR

    Total calculated
    $167,632
    From this org
    $149,820
    From related orgs
    $0
    Other
    $17,812
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,820
    Bonus
    $0
    Other
    $0
    Deferred
    $15,000
    Nontaxable benefits
    $2,812
    Filer's total
    $167,632

  • Dr Erin Lynch

    PRESIDENT

    Total calculated
    $154,570
    From this org
    $137,336
    From related orgs
    $0
    Other
    $17,234
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,336
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $17,234
    Filer's total
    $154,570

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202401369349300010

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