Education Quality Outcomes Standards Inc
- Assets
- $677.6k
- Revenue
- $842.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Boston, MA
- Founding
- 04/2019
- Data as of
- 12/2021
- EIN
- 82-1345679
Organization Overview
Education Quality Outcomes Standards Inc is located in Boston, MA. The organization was established in 2019. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. As of 12/2021, Education Quality Outcomes Standards Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Education Quality Outcomes Standards 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 12/2021, Education Quality Outcomes Standards Inc generated $842.5k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $563.2k during the year ending 12/2021. While expenses have increased by 8.6% per year over the past 3 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
EQOS INTENDS TO CREATE UNIVERSAL STANDARDS FOR POST-SECONDARY INSTITUTIONS. THROUGH THE USE OF UNIVERSAL STANDARDS, EQOS WILL INFLUENCE STUDENT OUTCOMES DATA REPORTING IN THE POST-SECONDARY FIELD SO THAT STUDENTS, STATE AGENCIES, AND EMPLOYERS CAN MAKE APPLES TO APPLES COMPARISONS ABOUT PROGRAM QUALITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EDUCATION QUALITY OUTCOMES STANDARDS BOARD (EQOS) IS A NON-PROFIT ORGANIZATION THAT HELPS POST SECONDARY PROVIDERS COLLECT AND REPORT REAL- WORLD OUTCOMES DATA IN ORDER TO ESTABLISH CONSISTENT QUALITY ASSURANCE STANDARDS ACROSS EDUCATION AND TRAINING PROGRAMS. EQOS HAS DEVELOPED A ROBUST QUALITY ASSURANCE FRAMEWORK AND APPROACH FOR EDUCATION AND TRAINING PROVIDERS. TODAY, THE FRAMEWORK IS BEING PILOTED IN COLORADO, INDIANA, AND NEW JERSEY. IN ADDITION TO CREATING AND DEFINING THE METRICS FOR OUR FIVE OUTCOMES STANDARD CATEGORIES, WE ASSIST INDIVIDUAL EDUCATION PROVIDERS IN UNDERSTANDING THE FRAMEWORK AND PROVIDE TECHNICAL ASSISTANCE IN THE ACTUAL COLLECTION AND REPORTING OF THE OUTCOMES DATA. WE ALSO ASSIST STATE GOVERNMENTS AND POLICYMAKERS IN UNDERSTANDING THE RESULTS AND USING THE FRAMEWORK TO INCENTIVIZE THE IDENTIFICATION AND SCALING OF EDUCATION PROGRAMS THAT HAVE MEASURABLE REAL-WORLD SUCCESSES IN TRAINING OR RETRAINING VULNERABLE POPULATIONS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristin Sharp CEO | OfficerTrustee | 40 | $279,000 |
Michael Horn Board Chair | OfficerTrustee | 1 | $0 |
Ted Mitchell Board Member | Trustee | 1 | $0 |
Elise Scanlon Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $250,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $592,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $842,500 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $842,500 |
| 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. | $279,000 |
| Compensation of current officers, directors, key employees. | $27,900 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $52,567 |
| Pension plan accruals and contributions | $11,615 |
| Other employee benefits | $6,556 |
| Payroll taxes | $18,885 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,409 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $171,118 |
| Advertising and promotion | $0 |
| Office expenses | $3,993 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,603 |
| All other expenses | $0 |
| Total functional expenses | $563,224 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $352,584 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $325,000 |
| 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 | $0 |
| Total assets | $677,584 |
| Accounts payable and accrued expenses | $246 |
| 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 | $246 |
| 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 | $677,338 |
| Total liabilities and net assets/fund balances | $677,584 |
Grants Awarded
Over the last fiscal year, Education Quality Outcomes Standards Inc has awarded $60,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Denver, CO PURPOSE: PILOT PROGRAM | $20,000 |
Denver, CO PURPOSE: PILOT PROGRAM | $20,000 |
TECHTONIC INC PURPOSE: PILOT PROGRAM | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Education Quality Outcomes Standards Inc has recieved totaling $250,000.
| Awarding Organization | Amount |
|---|---|
Strada Education Network Inc Indianapolis, IN PURPOSE: OPERATING GRANT | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Worcester City Campus Corporation Shrewsbury, MA | $408,230,540 | $37,285,221 |
New Visions For Public Schools Inc New York, NY | $79,613,761 | $33,356,068 |
Naf New York, NY | $28,094,768 | $18,819,868 |
Zearn Inc New York, NY | $36,079,361 | $33,394,711 |
Uchcfc Circle Road Corp Farmington, CT | $184,016,128 | $11,665,579 |
United Community Schools Inc New York, NY | $17,599,679 | $9,226,471 |
Friends Of Hellenic Classical Charter Schools Inc Brooklyn, NY | $82,915,888 | $678,941 |
Massachusetts Green High Performance Computing Center Inc Holyoke, MA | $16,995,884 | $7,668,165 |
Student Achievement Partners Inc New York, NY | $8,247,794 | $7,455,301 |
Vmc Indemnity Company Inc Burlington, VT | $100,648,707 | $14,545,433 |
Uka Facilities Foundation Inc New York, NY | $167,163,417 | $25,000 |
Hill For Literacy Inc Woburn, MA | $4,985,114 | $5,142,068 |