Quality Texas Foundation
- Assets
- $883.2k
- Revenue
- $454.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Georgetown, TX
- Founding
- 06/1995
- Data as of
- 08/2024
- EIN
- 74-2703727
Organization Overview
Quality Texas Foundation is located in Georgetown, TX. The organization was established in 1995. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 08/2024, Quality Texas Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Quality Texas Foundation 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 08/2024, Quality Texas Foundation generated $454.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $629.4k during the year ending 08/2024. While expenses have increased by 8.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
_ PROMOTE QUALITY AND EXCELLENCE IN TEXAS ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE EFFECTIVE VOLUNTEER EFFORTS WHICH ENHANCE THE STATE OF TEXAS FOR THE QUALITY OF ITS GOODS, SERVICES, BUSINESSES, EDUCATIONAL INSTITUTIONAL/PROCESS, HEALTHCARE INSTITUTIONS, HEALTHCARE PROCESSES, AND ALL GOVERNMENTAL PROCESSES, PUBLIC AND PRIVATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Chair | Trustee | 5 | $0 |
Kirk Kriegel Secretary | Trustee | 5 | $0 |
Rev Dr Dwight Bailey Jr Chaplain | Trustee | 5 | $9,000 |
Bruce France Sr Director | Trustee | 5 | $0 |
Dr Adena Loston Director | Trustee | 5 | $0 |
Manuel E Maldonado Cotto Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $107,532 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,600 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $126,132 |
| Total Program Service Revenue | $295,038 |
| Investment income | $33,074 |
| 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 | $454,244 |
| 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. | $253,000 |
| Compensation of current officers, directors, key employees. | $50,600 |
| Compensation to disqualified persons | $159,188 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $26,397 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,790 |
| Fees for services: Accounting | $7,300 |
| 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 | $11,913 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $114,618 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,793 |
| All other expenses | $0 |
| Total functional expenses | $629,394 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $223,456 |
| Savings and temporary cash investments | $659,207 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $500 |
| Total assets | $883,163 |
| Accounts payable and accrued expenses | $8,345 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,345 |
| Net assets without donor restrictions | $0 |
| 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 | $874,818 |
| Total liabilities and net assets/fund balances | $883,163 |