Army Quartermaster Foundation INC

Fort Lee, VAUnknown exempt organizationEIN 54-6053203Revenue $125K in FY2024

On file with the IRSqmfound.comPo Box 5230 · Fort Lee, VA

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Support of US Army Quartermaster museum

39¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $5K a year · 4% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
39%
of spending
Concern: 39% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Named funders
2
named funders · $23K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$125K
+7% vs prior year
Spent
$144K
To programs
39%
Net assets
$0
By yearFY2020–FY2024
Revenue
$125K
FY2024▲ +7%
Tap a bar for its year
Revenue by fiscal year
FY2020$80K
FY2021$90K
FY2022$133K
FY2023$117K
FY2024$125K
Expenses
$144K
FY2024▲ +45%
Tap a bar for its year
Expenses by fiscal year
FY2020$138K
FY2021$44K
FY2022$144K
FY2023$99K
FY2024$144K
Net assets
$0
FY2024▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2020$277K
FY2021$323K
FY2022$313K
FY2023$331K
FY2024$0

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

39 cents of each dollar spent went to programs.

Program services 39% · $56K Management & general 51% · $73K Fundraising 11% · $15K

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

15 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice-Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Army Quartermaster 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 15aNo

Programs and updates

Preserves and promotes the history of the US Army Quartermaster Corps.

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Provided by the organization

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1 program · $56K · in their own filed words · FY2024
01

The army quartermaster foundation, inc. Is an educational organization dedicated to preserving the history and heritage of the U.S. Army quartermaster corps.

$56Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$23K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$125K
Ln 12
Gifts and grantsLn 1h$75K
Investment incomeLn 3$66K
Fees for servicesLn 2g$852
Money outPt IX
$144K
Ln 25
Programscol B$56K
Managementcol C$73K
Fundraisingcol D$15K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$75K
Fees for servicesLn 2g$852
Investment incomeLn 3$66K
Gains on assetsLn 7$144
Total revenueLn 12$125K
Assets in detailPt X, end of year
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 57
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Total assetsLn 16$337K$0
LiabilitiesLn 26$6K$0
Net assetsLn 32$331K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$8K$8K
Payroll taxesLn 10$337$337
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$12K$12K
Other fees for servicesLn 11g$8K$8K
Office expensesLn 13$799$799
Information technologyLn 14$8K$2K$6K
OccupancyLn 16$18K$2K$16K
InterestLn 20$283$283
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$74K$50K$8K$15K
All other expensesLn 24e$10K$1K$9K
Total functional expensesLn 25$144K$56K$73K$15K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $125K$144K−$18K$0 990 PDF
FY2023 $117K$99K$18K$331K 990 PDF
FY2022 $133K$144K−$11K$313K 990 PDF
FY2021 $90K$44K$46K$323K 990 PDF
FY2020 $80K$138K−$58K$277K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $125,412 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $97,601$74,719
I-9 Program service revenuePrior year $1,363$852
I-10 Investment incomePrior year $6,668$66,364
I-11 Other revenuePrior year $11,674−$16,523
I-12 Total revenuePrior year $117,306$125,412
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $31,002$8,111
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $68,051$135,506
I-18 Total expensesPrior year $99,053$143,617
I-19 Revenue less expensesPrior year $18,253−$18,205
Part VI · Governance 15 of 15 board members independent, 4 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $125,412 across 7 lines filed
Lines not itemized here account for −$17,455 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$74,719
VIII-1h Total contributions, gifts and grants$74,719
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $852$852
VIII-3 Investment incomeExcluded from tax $66,220$66,220
VIII-7 Net gain or loss on sales of assetsRelated to mission $144$144
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $932$932
VIII-12 Total revenueRelated to mission $996 · Excluded from tax $49,697$125,412
Part IX · Statement of functional expenses $143,617 across 12 lines filed
IX-7 Other salaries and wagesManagement $7,774$7,774
IX-10 Payroll taxesManagement $337$337
IX-11b Legal feesManagement $1,955$1,955
IX-11c Accounting feesManagement $12,440$12,440
IX-11g Other fees for servicesManagement $7,963$7,963
IX-13 Office expensesManagement $799$799
IX-14 Information technologyPrograms $1,624 · Management $6,272$7,896
IX-16 OccupancyPrograms $2,093 · Management $16,310$18,403
IX-20 InterestManagement $283$283
IX-23 InsuranceManagement $1,829$1,829
IX-24 Other expenses (24a–d)Programs $50,333 · Management $8,312 · Fundraising $15,264$73,909
IX-24e All other expensesPrograms $1,455 · Management $8,574$10,029
IX-25 Total functional expensesPrograms $55,505 · Management $72,848 · Fundraising $15,264$143,617
Part X · Balance sheet $0 assets, 4 lines filed
X-16 Total assetsStart of year $337,320$0
X-26 Total liabilitiesStart of year $6,323$0
X-32 Total net assets or fund balancesStart of year $330,997$0
X-33 Total liabilities and net assetsStart of year $337,320$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$125,412
XI-2 Total expenses$143,617
XI-3 Revenue less expenses−$18,205
XI-4 Net assets at start of year$330,997
XI-9 Other changes in net assets−$312,792
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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