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Nonprofiteer
← FOUNDATION FOR THE MALCOLM BALDRIGE NATIONAL QUALITY AWARD INC

Form 990 for tax year 2022

Filed by FOUNDATION FOR THE MALCOLM BALDRIGE NATIONAL QUALITY AWARD INC.

Totals

Total revenue
$1,010,498
Total expenses
$1,166,940
Contributions and grants received
$804,011
Grants paid
$27,556
Program service revenue
$0
Investment income
-$569
Other revenue
$207,056
Total assets, end of year
$312,592
Total liabilities, end of year
$56,905
Net assets or fund balances, end of year
$255,687
Program services expenses (Part IX)
$374,179
Management and general expenses
$410,932
Fundraising expenses
$381,829
Program service expenses (Part III)
$374,179

Program services were 32.1% 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.

  • 1f · All other contributions, gifts and grants

    $804,011

  • 1g · Noncash contributions included above

    $138,222

  • 3 · Investment income

    total $55 · excluded $55

  • 7a · Gross sales of assets other than inventory

    securities $24,028

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

    securities $24,652

  • 7c · Gain or loss

    securities -$624

  • 7d · Net gain or loss

    total -$624 · excluded -$624

  • 11a · Other revenue: QUEST SPONSORSHIP

    total $146,125 · related or exempt $146,125

  • 11b · Other revenue: OTHER INCOME

    total $58,331 · related or exempt $58,331

  • 11c · Other revenue: ADVERTISING

    total $2,600 · related or exempt $2,600

  • 11e · Other revenue, total

    $207,056

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $27,556 · program services $27,556

  • 5 · Compensation of officers, directors and key employees

    total $186,728 · program services $93,433 · management and general $19,352 · fundraising $73,943

  • 7 · Other salaries and wages

    total $332,134 · program services $145,480 · management and general $93,096 · fundraising $93,558

  • 9 · Other employee benefits

    total $2,006 · management and general $2,006

  • 10 · Payroll taxes

    total $33,936 · program services $15,770 · management and general $7,335 · fundraising $10,831

  • 11b · Fees: legal

    total $2,134 · management and general $2,134

  • 11c · Fees: accounting

    total $19,141 · management and general $19,141

  • 11d · Fees: lobbying

    total $80,000 · management and general $80,000

  • 11g · Fees: other

    total $1,135 · management and general $1,135

  • 12 · Advertising and promotion

    total $148,081 · program services $2,775 · fundraising $145,306

  • 13 · Office expenses

    total $105,880 · management and general $77,212 · fundraising $28,668

  • 14 · Information technology

    total $17,187 · program services $1,985 · management and general $15,202

  • 17 · Travel

    total $48,127 · management and general $44,015 · fundraising $4,112

  • 19 · Conferences, conventions and meetings

    total $18,372 · program services $18,372

  • 22 · Depreciation, depletion and amortization

    total $141 · management and general $141

  • 23 · Insurance

    total $4,134 · management and general $4,134

  • 24a · Other expenses: LEADERSHIP DIALOGUE

    total $65,420 · program services $65,420

  • 24b · Other expenses: SPECIAL EVENTS

    total $47,177 · management and general $36,205 · fundraising $10,972

  • 24c · Other expenses: REGISTRATION FEES

    total $15,189 · program services $750 · fundraising $14,439

  • 24d · Other expenses: BANK FEES

    total $5,365 · management and general $5,365

  • 24e · All other expenses

    total $7,097 · program services $2,638 · management and general $4,459

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $162,131 · end of year $96,419

  • 2 · Savings and temporary cash investments

    beginning of year $120,003 · end of year $115,000

  • 4 · Accounts receivable

    end of year $56,000

  • 9 · Prepaid expenses and deferred charges

    end of year $17,686

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

    $5,943

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

    $5,943

  • 10c · Land, buildings and equipment, net

    beginning of year $141

  • 15 · Other assets

    beginning of year $135,887 · end of year $27,487

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,033 · end of year $56,905

  • 27 · Net assets without donor restrictions

    beginning of year $151,829 · end of year $116,887

  • 28 · Net assets with donor restrictions

    beginning of year $260,300 · end of year $138,800

Mission and programs · 2022

Mission

TO ENSURE THE LONG-TERM FINANCIAL GROWTH AND VIABILITY OF THE BALDRIGE PERFORMANCE EXCELLENCE PROGRAM, AND TO SUPPORT ORGANIZATIONAL PERFORMANCE EXCELLENCE IN THE UNITED STATES AND THROUGHOUT THE WORLD.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $374,179 · Grants $27,556

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Al Faber

    PRESIDENT &

    Total calculated
    $186,728
    From this org
    $186,728
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,728
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $186,728

  • Josh Racette

    DIRECTOR COR

    Total calculated
    $128,253
    From this org
    $128,253
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Jerry Rees

    COO

    Total calculated
    $117,676
    From this org
    $117,676
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • George Benson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Russ Branzell

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • Diane Brockmeier

    VICE - CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Kathryn Eggleston

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    3

  • Frank Fusco

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • David Gifford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Lowell Kruse

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Scott McIntyre

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Karen Morrison

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • S Padmanabhan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • John Raffoul

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Tony Scott

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • David Spong

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

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 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 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

  • BALDRIGE PERFORMANCE EXCELLENCE PRO

    $27,556

Provenance

Return type
form_990
Tax year
2022
Filed
9 July 2024
IRS schema version
2022v5.0
Source object
202402019349300530

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