Quilt Inc
- Assets
- $1.2m
- Revenue
- $984.4k
- Investments
- $0.0
- Employees
- 5
- Location
- Seattle, WA
- Founding
- 01/2009
- Data as of
- 12/2022
- EIN
- 03-0444166
Organization Overview
Quilt Inc is located in Seattle, WA. The organization was established in 2009. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 12/2022, Quilt Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Quilt Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Quilt Inc generated $984.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $983.1k during the year ending 12/2022. While expenses have increased by 6.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE QUILT IS A CONSORTIUM OF ADVANCED NON-PROFIT US RESEARCH AND EDUCATION NETWORKS THAT PROMOTES THE BROADEST POSSIBLE DELIVERY OF ADVANCED NETWORKING SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FACILITATED ON-GOING MEMBER ENGAGEMENT THROUGH IN-PERSON AND VIRTUAL ENGAGEMENTS THAT INCLUDE MEMBER MEETINGS, WORKING GROUPS, WEBINARS, AND WORKSHOPS. FOCUSED CONVERSATIONS AMONG EXECUTIVE LEADERS OF MEMBER ORGANIZATIONS FOR WORKFORCE DEVELOPMENT AND IMPROVED LEVERAGING OF OUR QUILT COMMUNITY'S EXTENSIVE TECHNICAL EXPERTISE FOR NETWORKS, CLOUD, AND SECURITY. PROVIDED SCHOLARSHIPS FOR 27 MEMBER STAFF TO PARTICIPATE IN AN EIGHT-MONTH INDUSTRY LEADING LEADERSHIP DEVELOPMENT PROGRAM TO SUPPORT OUR STRATEGIC GOAL OF INVESTING IN NEXT GENERAL LEADERSHIP. ACTIVELY PARTICIPATED IN THE NTIA'S STAKEHOLDER ENGAGEMENT PROCESS FOR ITS BROADBAND INFRASTRUCTURE PROGRAMS. HOSTED FOCUSED STRATEGY SESSIONS FOR MEMBER PLANNING FOR NTIA'S MIDDLE-MILE AND BROADBAND EQUITY, ACCESS, AND DEPLOYMENT PROGRAMS. RECEIVED NATIONAL SCIENCE FOUNDATION GRANT TO LEAD 7TH ANNUAL CAMPUS CYBERINFRASTRUCTURE PROGRAM WORKSHOP. CONTINUED FOCUS WITH MEMBERS ON REGIONAL NETWORK AND CAMPUS PARTNER PARTICIPATION IN THE PROGRAM AND THE BROADER NATIONAL CYBERINFRASTRUCTURE ECOSYSTEM. ENGAGED WITH DEDICATED FEDERAL SCIENTIFIC RESEARCH NETWORK PARTNERS ON DIFFERENT COLLABORATIVE PROJECTS AND RESOURCE DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Leasure President | Officer | 45 | $210,988 |
Jennifer Griffin Program Director | 45 | $106,090 | |
Steve Corbato Chair | OfficerTrustee | 1 | $0 |
Akbar Kara Vice Chair | OfficerTrustee | 1 | $0 |
Ryan Kocsondy Secretary | OfficerTrustee | 1 | $0 |
Lonnie Leger Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $720,200 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $88,777 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $808,977 |
| Total Program Service Revenue | $170,800 |
| Investment income | $4,669 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $984,446 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $210,988 |
| Compensation of current officers, directors, key employees. | $42,198 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $168,176 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,503 |
| Payroll taxes | $25,077 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,382 |
| Fees for services: Accounting | $29,935 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $276,719 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $11,158 |
| Royalties | $0 |
| Occupancy | $23,033 |
| Travel | $8,949 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $200,207 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,096 |
| All other expenses | $0 |
| Total functional expenses | $983,075 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $695,160 |
| Savings and temporary cash investments | $485,120 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,743 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $17,920 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,269 |
| Total assets | $1,234,212 |
| Accounts payable and accrued expenses | $57,764 |
| Grants payable | $0 |
| Deferred revenue | $38,450 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $96,214 |
| Net assets without donor restrictions | $803,285 |
| Net assets with donor restrictions | $334,713 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,234,212 |