Q Place EIN 13-2552417

Q Place FY2021 filing

EIN  13-2552417 Religious organization Carol Stream, IL
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Facilitates group discussions to help spiritual seekers find God.
Leadership
Karen Schleicher · Trustee/Executive Director · $16K
Money in and out
$273K revenue, $342K expenses
Bottom line
63% program efficiency

Facilitates group discussions to help spiritual seekers find God. For fiscal year 2021 it reported $273K in revenue, $342K in expenses, and $313K in net assets.Pt I

Where the money goes · FY2021
Total revenue
$273K
Pt VIII · Ln 12
Total expenses
$342K
Pt IX · Ln 25
Net assets
$313K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$69K
Where spending went · Part IX cols B–D
Program services $0.63 Management & general $0.26 Fundraising $0.11
Program efficiency
63%
of spending reaches programs
Operating runway
7.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
-25%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$273K
FY2021
Expenses
$342K
FY2021
Total assets
$385K
FY2021
Total liabilities
$72K
FY2021
Total revenue
$273K
Pt VIII · Ln 12
Total expenses
$342K
Pt IX · Ln 25
Net assets
$313K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$69K
Total assetsPt X · Ln 16$385K
Program-expense ratioPt IX · col B63%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

1 program service account for $217K of program spending, described in the organization's own filed words · FY2020.
01

In 2020-2021, Q Place strengthened its strategy for finding Christians to start groups for seekers; developed two new Bible discussion guides in response to the COVID-19 crisis; produced supportive content for groups meeting on line; coached 115 ministry leaders, church leaders, and individual Christians to start small groups for…

$217Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CQ Place
EINHdr · item D13-2552417
Principal addressHdr · item CCarol Stream, IL
WebsiteHdr · item Jwww.qplace.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X21Z)
Ruling yearIRS BMFFeb 1966

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Trustee/Executive Director
$15,979Pt VII · Sec A
Trustee/Chair
$0Pt VII · Sec A
Trustee/Treasurer
$0Pt VII · Sec A
Trustee/Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A

Karen Schleicher’s $65K as Executive Dir. is at the 66th percentile of top reported officer pay among 2135 $100K–1M religion nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Karen Schleicher$65,000$65,000
Karen Schleicher$65,000$62,292$15,979

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$245K · 90%
Other revenue$23K · 9%
Program service revenue$4K · 2%
Contributions & grants90%$245K
Other revenue9%$23K
Program service revenue2%$4K
Investment income$13
Total revenueLn 12$273K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.63 Management & general $0.26 Fundraising $0.11
Program services63%$217K
Management & general26%$88K
Fundraising11%$37K
Total functional expensesLn 25$342K

Balance Sheet

Part X · end of year
CashLn 1$226K
Total assetsLn 16$385K
Total liabilitiesLn 26$72K
Total net assetsLn 32$313K
Months of cash on handcomputed7.9

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $226K · Operating expenses/yr $342K
7.9 months
Where the money goes
Program services
Program services $217K · Total expenses $342K
63%
Management & General
Management & general $88K · Total expenses $342K
26%
Fundraising
Fundraising $37K · Total expenses $342K
11%
Cost to raise $1
Fundraising expense $37K · Solicited contributions $245K
$0.15 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $245K · Total revenue $273K
90%
Government reliance
Government grants — · Total revenue $273K
Earned-income share
Program service revenue $4K · Total revenue $273K
2%
Investment reliance
Investment income $13 · Total revenue $273K
0%
Program self-sufficiency
Program service revenue $4K · Total expenses $342K
1%
Growth & trend
Revenue growth (YoY)
This year $273K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $313K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $273K · Expenses $342K
-25%
Liabilities-to-Assets
Total liabilities — · Total assets $385K
Net-asset ratio
Net assets $313K · Total assets $385K
81%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $385K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Karen Schleicher · Reported title Trustee/Executive Director · Highest reported compensation $16K · Total expenses $342K
5%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $246K · Total expenses $342K
72%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 63%
Overhead ratio 26%
Fundraising cost ratio 15%
Accounting fee ratio 7%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$84K
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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$307K revenue · ⤓ 990 PDF
FY2024$306K revenue · ⤓ 990 PDF
FY2023$322K revenue · ⤓ 990 PDF
FY2022$287K revenue · ⤓ 990 PDF
FY2021$273K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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