Form 990 for tax year 2023
Filed by QUALITY EDUCATION INSTITUTE INC.
Totals
- Total revenue
- $955,509
- Total expenses
- $1,149,156
- Contributions and grants received
- $223,852
- Grants paid
- $0
- Program service revenue
- $521,153
- Investment income
- $0
- Other revenue
- $210,504
- Total assets, end of year
- $2,071,172
- Total liabilities, end of year
- $303,666
- Net assets or fund balances, end of year
- $1,767,506
- Program services expenses (Part IX)
- $906,386
- Management and general expenses
- $242,770
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $906,386
Program services were 78.9% 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)
$223,850
-
1f · All other contributions, gifts and grants
$2
-
2a · Program service revenue: Tuition and Fees
total $508,131
-
2b · Program service revenue: Other program revenues
total $13,022
-
6a · Gross rents
real property $210,504
-
6c · Rental income or loss
real property $210,504
-
6d · Net rental income or loss
total $210,504
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $618,985 · program services $538,517 · management and general $80,468
-
8 · Pension plan contributions
total $12,168 · program services $12,168
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $49,790 · program services $43,317 · management and general $6,473
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $1,700 · management and general $1,700
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $39,129 · program services $35,216 · management and general $3,913
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $372 · program services $372
-
20 · Interest
total $15,942 · management and general $15,942
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $79,115 · program services $68,830 · management and general $10,285
-
23 · Insurance
total $91,785 · management and general $91,785
-
24a · Other expenses: Contracted Student Services
total $73,618 · program services $73,618
-
24b · Other expenses: School meals
total $101,112 · program services $101,112
-
24c · Other expenses: Materials, supplies, textbooks, etc
total $33,236 · program services $33,236
-
24d · Other expenses: Repairs and Maintenance
total $32,204 · management and general $32,204
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,137,515 · end of year $935,057
-
2 · Savings and temporary cash investments
end of year $134,386
-
10a · Land, buildings and equipment: cost or other basis
$2,598,674
-
10b · Land, buildings and equipment: accumulated depreciation
$1,596,945
-
10c · Land, buildings and equipment, net
beginning of year $1,080,844 · end of year $1,001,729
-
23 · Secured mortgages and notes payable
beginning of year $257,206 · end of year $303,666
-
27 · Net assets without donor restrictions
beginning of year $1,961,153 · end of year $1,767,506
Mission and programs · 2023
Mission
The Entity is a school specializing in daycare providing an educational curriculum for children leading to a more productive citizen.
-
Provide daycare and education to approximately 100 students for the fiscal year ended June 30, 2024. Also rented space to Quality Education Academy Charter School.
Expenses $906,386
As filed on the 2023 return.
Listed in Part VII
-
Tamara Turner
CEO of School
- Total calculated
- $121,035
- From this org
- $0
- From related orgs
- $121,035
- Other
- $0
- Hours/week
- 0.75 + 40 related
-
Jefferson Caruthers
President
- Total calculated
- $0
- Hours/week
- 1
-
Adolphus Coplin
Board Member
- Total calculated
- $0
- Hours/week
- 0.75
-
Luther Covington
Board Member
- Total calculated
- $0
- Hours/week
- 0.75
-
John Foxworth
Board Member
- Total calculated
- $0
- Hours/week
- 0.75
-
James Gadson
Board Member
- Total calculated
- $0
- Hours/week
- 0.75
-
Kendra March
Board Member
- Total calculated
- $0
- Hours/week
- 0.75
-
Ronald Jessup
Board Member
- Total calculated
- $0
- Hours/week
- 0.75
-
Walter Weathers
Board Member
- Total calculated
- $0
- Hours/week
- 0.75
-
Monique Curry
Board Member
- Total calculated
- $0
- Hours/week
- 0.75
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.
-
501C · Education · NC
-
College Point and Leadership Academy
501C · Education · NC
-
501C · Education · NC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202511339349302761
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