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← QUALITY EDUCATION FOR MINORITIES NETWORK

Form 990 for tax year 2023

Filed by QUALITY EDUCATION FOR MINORITIES NETWORK.

Totals

Total revenue
$2,878,882
Total expenses
$2,797,296
Contributions and grants received
$2,861,890
Grants paid
$345,351
Program service revenue
$0
Investment income
$16,992
Other revenue
$0
Total assets, end of year
$2,326,325
Total liabilities, end of year
$1,099,233
Net assets or fund balances, end of year
$1,227,092
Program services expenses (Part IX)
$2,512,576
Management and general expenses
$268,008
Fundraising expenses
$16,712
Program service expenses (Part III)
$2,512,576

Program services were 89.8% 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)

    $2,341,820

  • 1f · All other contributions, gifts and grants

    $520,070

  • 3 · Investment income

    total $16,992 · excluded $16,992

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $345,351 · program services $345,351

  • 5 · Compensation of officers, directors and key employees

    total $404,786 · program services $341,179 · management and general $57,915 · fundraising $5,692

  • 7 · Other salaries and wages

    total $439,917 · program services $370,792 · management and general $62,941 · fundraising $6,184

  • 8 · Pension plan contributions

    total $34,172 · program services $28,803 · management and general $4,889 · fundraising $480

  • 9 · Other employee benefits

    total $131,323 · program services $110,688 · management and general $18,789 · fundraising $1,846

  • 10 · Payroll taxes

    total $79,465 · program services $66,979 · management and general $11,369 · fundraising $1,117

  • 11c · Fees: accounting

    total $99,725 · management and general $99,725

  • 11f · Fees: investment management

    total $4,267 · management and general $4,267

  • 11g · Fees: other

    total $601,823 · program services $576,161 · management and general $25,662

  • 13 · Office expenses

    total $14,648 · program services $9,636 · management and general $5,012

  • 16 · Occupancy

    total $97,086 · management and general $97,086

  • 17 · Travel

    total $241,847 · program services $209,419 · management and general $32,428

  • 19 · Conferences, conventions and meetings

    total $6,069 · program services $645 · management and general $5,424

  • 20 · Interest

    total $115 · management and general $115

  • 22 · Depreciation, depletion and amortization

    total $856 · management and general $856

  • 23 · Insurance

    total $3,314 · management and general $3,314

  • 24a · Other expenses: OTHER PARTICIPANTS COST

    total $176,850 · program services $176,871 · management and general -$21

  • 24b · Other expenses: STIPENDS/FELLOWSHIPS

    total $73,525 · program services $73,525

  • 24c · Other expenses: EQUIPMENT RENTAL AND MA

    total $35,466 · program services $17,761 · management and general $17,705

  • 24d · Other expenses: INDIRECT COST ALLOC.

    total $0 · program services $183,400 · management and general -$184,793 · fundraising $1,393

  • 24e · All other expenses

    total $6,691 · program services $1,366 · management and general $5,325

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 $992,762 · end of year $905,512

  • 3 · Pledges and grants receivable

    beginning of year $605,920 · end of year $658,695

  • 4 · Accounts receivable

    beginning of year $265 · end of year $1,539

  • 9 · Prepaid expenses and deferred charges

    beginning of year $12,874 · end of year $12,547

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

    $36,933

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

    $36,573

  • 10c · Land, buildings and equipment, net

    beginning of year $1,216 · end of year $360

  • 11 · Investments: publicly traded securities

    beginning of year $421,886 · end of year $485,393

  • 14 · Intangible assets

    beginning of year $48,408 · end of year $235,414

  • 15 · Other assets

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

  • 17 · Accounts payable and accrued expenses

    beginning of year $266,731 · end of year $261,426

  • 19 · Deferred revenue

    beginning of year $703,961 · end of year $601,921

  • 25 · Other liabilities

    beginning of year $46,222 · end of year $235,886

  • 27 · Net assets without donor restrictions

    beginning of year $593,854 · end of year $816,039

  • 28 · Net assets with donor restrictions

    beginning of year $499,428 · end of year $411,053

Mission and programs · 2023

Mission

QEM NETWORK WORKS WITH INDIVIDUALS, ORGANIZATIONS, AND INSTITUTIONS ACROSS THE COUNTRY TO COORDINATE AND ENERGIZE EFFORTS TO IMPROVE THE EDUCATION OF DOMESTIC TALENT IN SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS (STEM) FIELDS. WE ARE DEDICATED TO ADVANCING DOMESTIC TALENT PARTICIPATION IN STEM DISCIPLINES THROUGHOUT THE NATION THROUGH CAPACITY BUILDING, STUDENT PROFESSIONAL DEVELOPMENT, FACULTY DEVELOPMENT AND RESEARCH.

Activities or mission (Part I)

QEM NETWORK SERVES AS A NATIONAL RESOURCE AND CATALYST TO UNITE AND STRENGTHEN EDUCATIONAL OPPORTUNITIES FOR ALL AMERICAN CITIZENS IN SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS (STEM) FIELDS BY ADVANCING QUALITY EDUCATION, DOMESTIC TALENT, AND LEADERSHIP.

  • SEE SCHEDULE O.

    Expenses $2,512,576 · Grants $345,351

As filed on the 2023 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 JAMES TURNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ERNEST GREEN

    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
    $167,606
    From this org
    $149,820
    From related orgs
    $0
    Other
    $17,786
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,820
    Bonus
    $0
    Other
    $0
    Deferred
    $15,000
    Nontaxable benefits
    $2,786
    Filer's total
    $167,606

  • DR ERIN LYNCH

    PRESIDENT

    Total calculated
    $229,251
    From this org
    $229,251
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $229,251
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $229,251

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
2023
Filed
25 March 2025
IRS schema version
2023v6.0
Source object
202500849349300905

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