Qa Commons Inc
- Assets
- $209.4k
- Revenue
- $239.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Burke, VA
- Founding
- 03/2019
- Data as of
- 12/2021
- EIN
- 83-3025113
Organization Overview
Qa Commons Inc, operating under the name Quality Assurance Commons Inc, is located in Burke, VA. The organization was established in 2019. According to its NTEE Classification (B05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Education and related organizations. As of 12/2021, Quality Assurance Commons Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Quality Assurance Commons 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, Quality Assurance Commons Inc generated $239.4k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 25.8% each year . All expenses for the organization totaled $343.2k during the year ending 12/2021. 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
THE MISSION OF THE QA COMMONS INC IS TO PREPARE ALL LEARNERS FOR THE HANGING WORLD OF WORK. THE ORGANIZATION ASPIRES TO NARROW THE GAP BETWEEN HIGHER EDUCATION AND EMPLOYMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PRIMARILY SERVED EDUCATIONAL ORGANIZATIONS AMONG THEM THE KENTUCKY COUNCIL OF POSTSECONDARY EDUCATION THE CONNETICUT STATE COLLEGES AND UNIVERSITIES THE DISTANCE EDUCATION TRAINING COUNCIL DEAC AND CAEL. THE SERVICE WAS TO FACILITATE IMPROVEMENTS TO THE ABILITY OF THESE ORGANIZATIONS AND THEIR AFFILIATES TO IMPROVE THEIR STUDENT'S PROFICIENCY IN MEETING EMPLOYER NEEDS AFTER LEAVING THEIR RESPECTIVE PROGRAMS AND FOR IMPLEMENTING ASSESSMENTS OF THE PROGRAM'S ABILITIES TO PROVIDE EEQ SKILLS IN THEIR TEACHING METHODOLOGIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ralph Wolff President CEO Retired | 20 | $87,000 | |
Michelle Deasy Director Of Operations | Officer | 30 | $71,667 |
Mason Bishop President And CEO | Officer | 20 | $30,000 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $239,363 |
| 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 | $239,363 |
| 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. | $64,592 |
| Compensation of current officers, directors, key employees. | $9,689 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $264,239 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $1,978 |
| Information technology | $4,107 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,629 |
| 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 | $1,250 |
| All other expenses | $445 |
| Total functional expenses | $343,240 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $209,443 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Total assets | $209,443 |
| Accounts payable and accrued expenses | $8,358 |
| 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 | $8,358 |
| Net assets without donor restrictions | $201,085 |
| 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 | $209,443 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Us Chamber Of Commerce Foundation Washington, DC | $77,506,306 | $58,006,979 |
America First Inc Arlington, VA | $3,850,844 | $14,195,522 |
National Student Clearinghouse Research Center Herndon, VA | $3,158,535 | $8,719,036 |
R Street Institute Washington, DC | $9,433,752 | $12,078,892 |
American Bankruptcy Institute Alexandria, VA | $21,045,850 | $6,767,069 |
Centerpoint Education Solutions Washington, DC | $2,694,353 | $5,212,147 |
National Association Of Independent Colleges & Universities Washington, DC | $15,482,036 | $7,647,704 |
Kentucky Pharmacy Education And Research Foundation Inc Frankfort, KY | $611,145 | $5,496,404 |
Achieve Inc Silver Spring, MD | $324,503 | $3,902,025 |
Thomas B Fordham Institute Washington, DC | $10,011,588 | $4,932,903 |
Excelencia In Education Inc Washington, DC | $16,958,749 | $12,336,645 |
State Educational Technology Directors Association Glen Burnie, MD | $1,209,563 | $3,539,021 |