American Society For Quality Inc
- Assets
- $56.6m
- Revenue
- $31.3m
- Investments
- $0.0
- Employees
- 139
- Location
- Milwaukee, WI
- Founding
- 06/1952
- Data as of
- 12/2020
- EIN
- 39-0912502
Organization Overview
American Society For Quality Inc is located in Milwaukee, WI. The organization was established in 1952. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, American Society For Quality Inc employed 139 individuals. This organization is the central organization for a national or regional group of organizations. American Society For Quality 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 12/2020, American Society For Quality Inc generated $31.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $26.1m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (8.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO INCREASE THE USE AND IMPACT OF QUALITY IN RESPONSE TO THE DIVERSE NEEDS OF THE WORLD.
Describe the Organization's Program Activity:
ASQ IS A NOT-FOR-PROFIT PROFESSIONAL SOCIETY FORMED TO SUPPORT INDIVIDUALS IN THEIR PURSUIT OF QUALITY PRACTICES AND PERFORMANCE EXCELLENCE BY PROVIDING THOUGHT LEADERSHIP, TRAINING, AND KNOWLEDGE RESOURCES. ACTIVITIES INCLUDE DEVELOPING QUALITY TOOLS, TRAINING ; PUBLICATIONS; AND, CONFERENCES AND FORUMS FOR QUALITY PRACTITIONERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Jordan CEO | Officer | 40 | $380,985 |
Siddhartha Bhatnagar Chief Operating Officer | Officer | 40 | $218,433 |
James Monnat CFO | Officer | 40 | $217,516 |
Andrew Schroeder Chief Commercial Officer | Officer | 40 | $214,026 |
Kristen Spriggs Chief Members Svcs Officer | Officer | 40 | $191,765 |
Denise Kramer Commerical Executive Director | 40 | $134,766 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Vaco Consulting | 12/30/21 | $476,276 |
Morestreamcom Llc Royalties/consulting | 12/30/21 | $424,570 |
Linkedin Marketing Services | 12/30/21 | $373,966 |
Joy Riot Marketing Services | 12/30/21 | $404,561 |
Quality Wbt Center For Education Royalties/consulting | 12/30/21 | $348,673 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $47,720 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,720 |
| Total Program Service Revenue | $22,115,959 |
| Investment income | $821,542 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $257,855 |
| Net Gain/Loss on Asset Sales | -$179,879 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $579,946 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,303,385 |
| 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. | $1,046,585 |
| Compensation of current officers, directors, key employees. | $1,046,585 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,264,009 |
| Pension plan accruals and contributions | $151,023 |
| Other employee benefits | $1,064,719 |
| Payroll taxes | $788,412 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $259,735 |
| Fees for services: Accounting | $97,142 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,293,583 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,080,611 |
| Travel | $102,640 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $791,283 |
| Interest | $192,807 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,406,910 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $26,114,805 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,519,140 |
| Savings and temporary cash investments | $358,016 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $527,231 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,407,405 |
| Inventories for sale or use | $359,371 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $12,016,840 |
| Investments—publicly traded securities | $28,610,143 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $815,209 |
| Total assets | $56,613,355 |
| Accounts payable and accrued expenses | $6,939,510 |
| Grants payable | $0 |
| Deferred revenue | $4,129,187 |
| 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 | $11,987,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,840,500 |
| Total liabilities | $25,896,197 |
| Net assets without donor restrictions | $30,717,158 |
| 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 | $56,613,355 |
Grants Awarded
Over the last fiscal year, American Society For Quality Inc has awarded $10,400 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Athens, GA PURPOSE: SCHOLARSHIP | $5,400 |
Milwaukee, WI PURPOSE: DONATION | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that American Society For Quality Inc has recieved totaling $8,000.
| Awarding Organization | Amount |
|---|---|
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Building Community | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Association For The Exchange Of Industrial Resources I Galesburg, IL | $94,809,665 | $83,302,169 |
American Society For Quality Inc Milwaukee, WI | $56,613,355 | $31,303,385 |
American Planning Association Chicago, IL | $23,906,674 | $19,430,254 |
Michigan Community Action Okemos, MI | $4,590,614 | $9,386,228 |
Iowa State Association Of Counties West Des Moines, IA | $36,552,667 | $3,622,222 |
Association Of Minnesota Counties St Paul, MN | $5,262,848 | $4,043,556 |
Wisconsin Transportation Builders Association Inc Madison, WI | $2,877,056 | $3,230,486 |
Chicago Cosmetologist Association Rosemont, IL | $1,586,512 | $2,186,841 |
United Association Of Journeymen & Apprentices Of The Plumbing & Pipe Saginaw, MI | $2,084,876 | $2,400,157 |
Automotive Engine Rebuilders Association Ill Corp Cary, IL | $7,834,639 | $2,428,599 |
Iowa Association Of Business & Industry Des Moines, IA | $1,426,111 | $2,357,818 |
Upper Michigan Tourist Assn Iron Mountain, MI | $1,166,037 | $1,736,595 |