Qm Quality Matters
- Assets
- $7.6m
- Revenue
- $6.8m
- Investments
- $0.0
- Employees
- 43
- Location
- Annapolis, MD
- Founding
- 08/2014
- Data as of
- 12/2023
- EIN
- 46-5503339
Organization Overview
Qm Quality Matters is located in Annapolis, MD. The organization was established in 2014. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2023, Qm Quality Matters employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Qm Quality Matters 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 12/2023, Qm Quality Matters generated $6.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $6.9m during the year ending 12/2023. While expenses have increased by 6.6% per year over the past 9 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
WITH 2,496 CURRENT SUBSCRIBERS RANGING FROM FOUR-YEAR COLLEGES AND UNIVERSITIES TO TECHNICAL AND COMMUNITY COLLEGES TO OTHER ACADEMIC ORGANIZATIONS, QUALITY MATTERS IS THE LEADING PROVIDER OF TOOLS AND PROCESSES USED TO EVALUATE QUALITY IN COURSE DESIGN. IT DOES SO THROUGH:- ACCESS TO THE QUALITY MATTERS FULLY-ANNOTATED HIGHER EDUCATION RUBRIC- ACCESS TO WEB-BASED AUTOMATED RUBRIC TOOLS, FOR INFORMAL (UNOFFICIAL/INTERNAL/SELF) COURSE REVIEWS FOR THE DEVELOPMENT AND IMPROVEMENT OF ONLINE OR BLENDED COURSES (CONTINUED ON SCHEDULE O)- DISCOUNTS ON QM PROFESSIONAL DEVELOPMENT, OFFICIAL QM-MANAGED COURSE REVIEWS, CONFERENCES, AND EVENTS- COMPLIMENTARY SEATS IN THE "SELF-PACED" QM COORDINATOR TRAINING (QMCT)- ABILITY TO CREATE MYQM ACCOUNTS WHICH GIVES ALL FACULTY AND STAFF ACCESS TO OUR TOOLS AND RESOURCES AND THEIR PERSONAL QM ACTIVITY, INCLUDING CERTIFICATES OF TRAINING AND/OR COURSE CERTIFICATION- ACCESS TO REPORTING TOOLS THROUGH MYQM- ACCESS TO MY CUSTOM REVIEW TOOL WHICH ALLOWS AN ORGANIZATION TO DEVELOP THEIR OWN RUBRIC- ACCESS TO COMMUNICATION TOOLS TO SEND CUSTOMIZED EMAILS TO SPECIFIC INDIVIDUALS, ROLE HOLDERS OR EVERYONE IN THE ORGANIZATION WITH A MYQM ACCOUNT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mj Bishop Chair | OfficerTrustee | 0.15 | $0 |
Dan Silverburg Vice Chair | OfficerTrustee | 0.15 | $0 |
Luke Dowden Secretary | OfficerTrustee | 0.15 | $0 |
Diana Zilberman Board Member (see Schedule O) | Trustee | 0.15 | $20,230 |
Tina Parscal Board Member | Trustee | 0.15 | $0 |
Shannon Riggs Board Member | Trustee | 0.15 | $0 |
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 | $18,554 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,554 |
| Total Program Service Revenue | $6,551,431 |
| Investment income | $30 |
| 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 | $181,700 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,752,515 |
| 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. | $563,734 |
| Compensation of current officers, directors, key employees. | $190,071 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,196,943 |
| Pension plan accruals and contributions | $110,881 |
| Other employee benefits | $528,669 |
| Payroll taxes | $282,363 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30,623 |
| Fees for services: Accounting | $16,468 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $157,909 |
| Advertising and promotion | $110,216 |
| Office expenses | $50,775 |
| Information technology | $82,305 |
| Royalties | $0 |
| Occupancy | $18,109 |
| Travel | $839 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $262,073 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $92,465 |
| Insurance | $13,425 |
| All other expenses | $62,728 |
| Total functional expenses | $6,897,451 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,312,113 |
| Savings and temporary cash investments | $100,109 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $277,935 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $23,356 |
| Prepaid expenses and deferred charges | $113,682 |
| Net Land, buildings, and equipment | $25,736 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,708,000 |
| Other assets | $2,500 |
| Total assets | $7,563,431 |
| Accounts payable and accrued expenses | $362,429 |
| Grants payable | $0 |
| Deferred revenue | $2,582,054 |
| 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 | $525,000 |
| Total liabilities | $3,469,483 |
| Net assets without donor restrictions | $4,093,948 |
| 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 | $7,563,431 |