Qed's mission is to build - and inspire and help others to build - transformational learning environments, in and out of schools, that engage all students in successful and sustainable growth and learning.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
$46K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average deficit $22K a year · 12% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$46K
to officers and key staff · 31% of spending
Concern: pay to officers and key staff is 31% of spending; over 30%.
Pt VII · Sec A
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$136K
478% of total assets
Concern: liabilities are 478% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$150K
+29% vs prior year
Spent
$150K
To programs
83%
Net assets
−$108K
By yearFY2020–FY2025
Revenue
$150K
FY2025▲ +29%
Tap a bar for its year
Revenue by fiscal year
FY2020$109K
FY2021$165K
FY2022$304K
FY2023$229K
FY2024$116K
FY2025$150K
Expenses
$150K
FY2025▼ -17%
Tap a bar for its year
Expenses by fiscal year
FY2020$142K
FY2021$205K
FY2022$283K
FY2023$247K
FY2024$180K
FY2025$150K
Net assets
−$108K
FY2025-0.1%
Tap a bar for its year
Net assets by fiscal year
FY2020−$13K
FY2021−$49K
FY2022−$27K
FY2023−$44K
FY2024−$108K
FY2025−$108K

From the FY2025 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2008.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $125K Management & general 17% · $25K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990; $46K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$45,990Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Kim Carter’s $46K as Executive Di is at the 37th percentile of top reported officer pay among 1612 $100K–1M education 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 · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2020
Kim Carter$45,990$54,825$89,824$96,619$22,826

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.

See Qed Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Build and inspire transformational learning environments for student growth.

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Provided by the organization

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3 programs · $125K · in their own filed words · FY2025
01

Educational Support Services

Providing financial and federal grant management, monitoring, reporting, and regulatory guidance, and HR documentation, reporting, and compliance monitoring to support transformational learning environments.

$70Kprogram expense
02

Personalized Learning

Deepening awareness and understanding of how people learn and the mental process of learning through developing and providing training, resources, and tools (learner sketch tool) for equitable. Healthy, high functioning learning environments.

$37Kprogram expense
03

Transformational Change Model

Providing founding support, training, resources and technical assistance for schools and learning environments implementing qed's transformational change model.

$18Kprogram expense

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$150K
Ln 12
Fees for servicesLn 2g$149K
Gifts and grantsLn 1h$1K
Money outPt IX
$150K
Ln 25
Programscol B$125K
Managementcol C$25K
Owns and owesPt X
−$108K
net assets · Ln 32
Cash and savingsLn 1–2$8K
Total assetsLn 16$29K
LiabilitiesLn 26$136K
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1K
Fees for servicesLn 2g$149K
Total revenueLn 12$150K
Assets in detailPt X, end of year
CashLn 1$8K
Cash and savings togetherLn 1–2$8K
Land, buildings, equipmentLn 10c$2K
Total assetsLn 16$29K
LiabilitiesLn 26$136K
Net assetsLn 32−$108K
OperationsPt I, VI
EmployeesI 53
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$25K$8K
Land, buildings, equipmentLn 10c$2K$2K
Total assetsLn 16$34K$29K
LiabilitiesLn 26$141K$136K
Net assetsLn 32−$108K−$108K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$110K$106K$5K
Payroll taxesLn 10$8K$8K$378
Other fees for servicesLn 11g$2K$2K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$15K$341$14K
Information technologyLn 14$4K$3K$2K
TravelLn 17$2K$2K
InterestLn 20$4K$4K
Depreciation, depletion and amortizationLn 22$71$71
InsuranceLn 23$3K$3K$280
Total functional expensesLn 25$150K$125K$25K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $150K$150K−$129−$108K 990 PDF
FY2024 $116K$180K−$64K−$108K 990 PDF
FY2023 $229K$247K−$17K−$44K 990 PDF
FY2022 $304K$283K$21K−$27K 990 PDF
FY2021 $165K$205K−$40K−$49K 990 PDF
FY2020 $109K$142K−$32K−$13K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $149,755 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,210$1,050
I-9 Program service revenuePrior year $114,633$148,705
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $115,843$149,755
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $134,808$118,890
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $45,174$30,994
I-18 Total expensesPrior year $179,982$149,884
I-19 Revenue less expensesPrior year −$64,139−$129
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $149,755 across 4 lines filed
VIII-1f All other contributions, gifts and grants$1,050
VIII-1h Total contributions, gifts and grants$1,050
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $148,705$148,705
VIII-12 Total revenueRelated to mission $148,705$149,755
Part IX · Statement of functional expenses $149,884 across 10 lines filed
IX-7 Other salaries and wagesPrograms $105,793 · Management $4,599$110,392
IX-10 Payroll taxesPrograms $8,120 · Management $378$8,498
IX-11g Other fees for servicesPrograms $1,702$1,702
IX-12 Advertising and promotionPrograms $1,862$1,862
IX-13 Office expensesPrograms $341 · Management $14,352$14,693
IX-14 Information technologyPrograms $2,811 · Management $1,586$4,397
IX-17 TravelPrograms $1,707$1,707
IX-20 InterestManagement $3,761$3,761
IX-22 Depreciation, depletion and amortizationManagement $71$71
IX-23 InsurancePrograms $2,521 · Management $280$2,801
IX-25 Total functional expensesPrograms $124,857 · Management $25,027 · Fundraising $0$149,884
Part X · Balance sheet $28,509 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $25,332$8,207
X-4 Accounts receivableStart of year $6,589$14,170
X-9 Prepaid expenses and deferred charges$4,341
X-10c Land, buildings and equipment, netStart of year $1,862$1,791
X-16 Total assetsStart of year $33,783$28,509
X-17 Accounts payable and accrued expensesStart of year $5,162$711
X-24 Unsecured notes and loans payableStart of year $136,336$135,642
X-26 Total liabilitiesStart of year $141,498$136,353
X-27 Net assets without donor restrictionsStart of year −$107,715−$107,844
X-32 Total net assets or fund balancesStart of year −$107,715−$107,844
X-33 Total liabilities and net assetsStart of year $33,783$28,509
Part XI · Reconciliation of net assets −$107,844 net assets at year end
XI-1 Total revenue$149,755
XI-2 Total expenses$149,884
XI-3 Revenue less expenses−$129
XI-4 Net assets at start of year−$107,715
XI-10 Net assets at end of year−$107,844

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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