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.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2021 · 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
6 mo
of spending, in cash
Looks good: 6.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$158K
146% of total assets
Concern: liabilities are 146% of assets; over 80%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$165K
+51% vs prior year
Spent
$205K
To programs
83%
Net assets
−$49K
By yearFY2020–FY2025
Revenue
$165K
FY2021▲ +51%
Tap a bar for its year
Revenue by fiscal year
FY2020$109K
FY2021$165K
FY2022$304K
FY2023$229K
FY2024$116K
FY2025$150K
Expenses
$205K
FY2021▲ +45%
Tap a bar for its year
Expenses by fiscal year
FY2020$142K
FY2021$205K
FY2022$283K
FY2023$247K
FY2024$180K
FY2025$150K
Net assets
−$49K
FY2021▼ -290%
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 FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

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% · $171K Management & general 17% · $34K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Executive Di
$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 · $98K · in their own filed words · FY2021
01

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.

$51Kprogram expense
02

Transformational Change Model

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

$47Kprogram expense
03

Competency Based Learning Systems

Supporting the design, development, and implementation of competency-based learning systems through the development and dissemination of online tools and resources coupled with technical assistance, strategic planning, professional development, and school coaching.

Pt IX · col B

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$165K
Ln 12
Fees for servicesLn 2g$150K
Gifts and grantsLn 1h$15K
Money outPt IX
$205K
Ln 25
Programscol B$171K
Managementcol C$34K
Owns and owesPt X
−$49K
net assets · Ln 32
Cash and savingsLn 1–2$102K
Total assetsLn 16$108K
LiabilitiesLn 26$158K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$15K
Fees for servicesLn 2g$150K
Total revenueLn 12$165K
Assets in detailPt X, end of year
CashLn 1$102K
Cash and savings togetherLn 1–2$102K
Land, buildings, equipmentLn 10c$2K
Total assetsLn 16$108K
LiabilitiesLn 26$158K
Net assetsLn 32−$49K
OperationsPt I, VI
EmployeesI 53
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$66K$102K
Land, buildings, equipmentLn 10c$2K$2K
Total assetsLn 16$72K$108K
LiabilitiesLn 26$84K$158K
Net assetsLn 32−$13K−$49K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$132K$122K$10K
Other employee benefitsLn 9$349$349
Payroll taxesLn 10$10K$9K$769
Other fees for servicesLn 11g$20K$18K$2K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$18K$8K$10K
Information technologyLn 14$13K$8K$5K
TravelLn 17$3K$3K
Conferences, conventions and meetingsLn 19$273$273
Depreciation, depletion and amortizationLn 22$4K$4K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$209$76$133
Total functional expensesLn 25$205K$171K$34K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $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 Viewing $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 FY2021 990 (6 parts)
Part I · Summary $164,803 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $41,731$15,115
I-9 Program service revenuePrior year $67,704$149,688
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $109,435$164,803
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $69,105$142,762
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $72,415$62,347
I-18 Total expensesPrior year $141,520$205,109
I-19 Revenue less expensesPrior year −$32,085−$40,306
Part VI · Governance 6 of 6 board members independent, 2 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-13 Written whistleblower policyNo
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-15a Process for setting top official's payYes
Part VIII · Statement of revenue $164,803 across 4 lines filed
VIII-1f All other contributions, gifts and grants$15,115
VIII-1h Total contributions, gifts and grants$15,115
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $149,688$149,688
VIII-12 Total revenueRelated to mission $149,688$164,803
Part IX · Statement of functional expenses $205,109 across 12 lines filed
IX-7 Other salaries and wagesPrograms $122,123 · Management $10,025$132,148
IX-9 Other employee benefitsManagement $349$349
IX-10 Payroll taxesPrograms $9,496 · Management $769$10,265
IX-11g Other fees for servicesPrograms $18,350 · Management $1,600$19,950
IX-12 Advertising and promotionPrograms $1,747$1,747
IX-13 Office expensesPrograms $7,702 · Management $10,169$17,871
IX-14 Information technologyPrograms $7,948 · Management $4,631$12,579
IX-17 TravelPrograms $3,064$3,064
IX-19 Conferences, conventions and meetingsPrograms $273$273
IX-22 Depreciation, depletion and amortizationManagement $3,872$3,872
IX-23 InsuranceManagement $2,782$2,782
IX-24 Other expenses (24a–d)Programs $76 · Management $133$209
IX-25 Total functional expensesPrograms $170,779 · Management $34,330 · Fundraising $0$205,109
Part X · Balance sheet $108,266 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $65,781$101,954
X-4 Accounts receivableStart of year $3,832$4,193
X-10c Land, buildings and equipment, netStart of year $2,172$2,119
X-16 Total assetsStart of year $71,813$108,266
X-17 Accounts payable and accrued expensesStart of year $9,570$7,562
X-24 Unsecured notes and loans payableStart of year $74,881$150,000
X-26 Total liabilitiesStart of year $84,451$157,562
X-27 Net assets without donor restrictionsStart of year −$12,638−$49,296
X-32 Total net assets or fund balancesStart of year −$12,638−$49,296
X-33 Total liabilities and net assetsStart of year $71,813$108,266
Part XI · Reconciliation of net assets −$49,296 net assets at year end
XI-1 Total revenue$164,803
XI-2 Total expenses$205,109
XI-3 Revenue less expenses−$40,306
XI-4 Net assets at start of year−$12,638
XI-8 Prior period adjustments$3,648
XI-10 Net assets at end of year−$49,296

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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