National Minority Quality Forum Inc
- Assets
- $4.9m
- Revenue
- $11.6m
- Investments
- $0.0
- Employees
- 22
- Location
- Washington, DC
- Founding
- 05/2001
- Data as of
- 09/2021
- EIN
- 31-1750942
Organization Overview
National Minority Quality Forum Inc is located in Washington, DC. The organization was established in 2001. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 09/2021, National Minority Quality Forum Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Minority Quality Forum 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 09/2021, National Minority Quality Forum Inc generated $11.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 27.1% each year . All expenses for the organization totaled $9.4m during the year ending 09/2021. While expenses have increased by 30.0% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
NMQF IS A RESEARCH AND EDUCATIONAL ORGANIZATION DEDICATED TO ENSURING THAT HIGH-RISK RACIAL AND ETHNIC POPULATIONS AND COMMUNITIES RECEIVE OPTIMAL HEALTH CARE. NMQF INTEGRATES DATA AND EXPERTISE IN SUPPORT OF INITIATIVES TO ELIMINATE HEALTH DISPARITIES THROUGH ADVANCING PUBLIC POLICY AND COMMUNITY ENGAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE ATTACHED STATEMENT A.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Puckrein President And CEO | Officer | 40 | $458,999 |
Brandon Garrett Chief Operating Officer | Officer | 40 | $304,967 |
Laura Lee Hall President, Shc | Officer | 40 | $225,979 |
Liou Xu Senior Statistician | 40 | $147,034 | |
Gretchen Wartman Vp-Policy And Program | 40 | $127,000 | |
Mary Stober Murray Vp, Collaborative Action Networks | 40 | $116,385 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dynagility Website Hosting & Support | 9/29/20 | $645,637 |
Amazon Data Warehousing | 9/29/20 | $139,257 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $596,035 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,165,135 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,761,170 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $888,060 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,649,230 |
| 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. | $1,027,874 |
| Compensation of current officers, directors, key employees. | $154,181 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,773,571 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $153,730 |
| Payroll taxes | $802,148 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $156,974 |
| Fees for services: Accounting | $10,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,263,624 |
| Advertising and promotion | $4,434 |
| Office expenses | $18,326 |
| Information technology | $183,724 |
| Royalties | $0 |
| Occupancy | $219,348 |
| Travel | $280 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,597 |
| Interest | $46,760 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,897 |
| All other expenses | $1,750,108 |
| Total functional expenses | $9,432,495 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,038,144 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $767,126 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $47,601 |
| Total assets | $4,852,871 |
| Accounts payable and accrued expenses | $278,487 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $186,940 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $1,038,934 |
| Other liabilities | $0 |
| Total liabilities | $1,504,361 |
| Net assets without donor restrictions | $3,348,510 |
| Net assets with donor restrictions | $0 |
| 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 | $4,852,871 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that National Minority Quality Forum Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Pharmaceutical Research And Manufacturers Of America Washington, DC PURPOSE: General Contribution | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
Cognizant Us Foundation Washington, DC | $53,711,221 | $1,081,755 |
Operating Engineers Trust Fund Of Washington D C & Vicinity Sparks, MD | $40,754,444 | $17,999,357 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
Kahlert Foundation Inc Sykesville, MD | $93,179,960 | $19,162,440 |
Stephen And Renee Bisciotti Foundation Inc Baltimore, MD | $229,911,583 | $55,799,955 |
Norman R Rales And Ruth Rales Foundation Washington, DC | $221,982,032 | $95,551,218 |
T Rowe Price Foundation Baltimore, MD | $114,583,054 | $23,335,778 |
Edward C And Linda Dresner Levy Foundation Reston, VA | $6,482,787 | $4,609,179 |
Mann-Paller Foundation Inc Bethesda, MD | $80,615,648 | $30,572,645 |
Northrop Grumman Foundation Falls Church, VA | $33,455,291 | $16,167,307 |
Regent Philanthropic Foundation Inc Hunt Valley, MD | $5,466,613 | $606,006 |