Quality Texas Foundation FY2021 filing

Tax-deductible

Bedford, TX501(c)(3)EducationEIN 74-2703727

_ Promote quality and excellence in Texas organizations.

501(c)(3) charity; gifts are tax-deductible.
68¢ of each $1 spent went to programs.
$183K 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

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
3 of 6
filings with a surplus
Average surplus $10K a year · 2% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
68%
of spending
Fine: 68% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$183K
to officers and key staff · 43% of spending
Concern: pay to officers and key staff is 43% of spending; over 30%.
Pt VII · Sec A
Cash reserves
27 mo
of spending, in cash
Looks good: 27.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$7K
0.7% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
29
of 29 voting members
Looks good: 29 of 29 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$594K
-11% vs prior year
Spent
$427K
To programs
68%
Net assets
$959K
By yearFY2020–FY2025
Revenue
$594K
FY2021▼ -11%
Revenue by fiscal year
FY2020$668K
FY2021$594K
FY2022$719K
FY2023$470K
FY2024$454K
FY2025$121K
Expenses
$427K
FY2021▼ -0.6%
Expenses by fiscal year
FY2020$430K
FY2021$427K
FY2022$493K
FY2023$601K
FY2024$629K
FY2025$383K
Net assets
$959K
FY2021▲ +22%
Net assets by fiscal year
FY2020$785K
FY2021$959K
FY2022$1.1M
FY2023$982K
FY2024$875K
FY2025$612K

From the FY2021 Form 990 (year ending August 2021) · 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 Jun 1995.

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

Where the money goes

68 cents of each dollar spent went to programs.

Program services 68% · $291K Management & general 32% · $136K

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

Who runs it and what they're paid

29 people listed on the 990; $183K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$182,917Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$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

Cortis U McGuire’s $84K as CEO is at the 75th percentile of top reported officer pay among 1613 $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 · 6 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Cortis McGuire—$253,000$250,250$215,833$182,917$139,167
Linda L Wrinkle—$137,500$136,458———
Cortis U McGuire$84,333—————
Brooks Williams$36,667—————
Rev Dr Dwight Bailey JR—$9,000————
Rev Dr Dwight Bailey JR$2,000—————

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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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

Improves quality and excellence in Texas organizations.

Provided by the organization

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1 program service account for $291K of program spending, described in the organization's own filed words · FY2020.
01

Promote effective volunteer efforts which enhance the state of Texas for the quality of its goods, services, businesses, educational institutional/process, healthcare institutions, healthcare processes, and all governmental processes, public and private.

$291Kprogram expense

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By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$594K
Ln 12
Fees for servicesLn 2g$424K
Gifts and grantsLn 1h$162K
Investment incomeLn 3$8K
Money outPt IX
$427K
Ln 25
Programscol B$291K
Managementcol C$136K
Owns and owesPt X
$959K
net assets · Ln 32
Cash and savingsLn 1–2$965K
Total assetsLn 16$966K
LiabilitiesLn 26$7K
PeoplePt VI, VII
29
listed · VII A
PaidVII A1
Voting boardVI 1a29
IndependentVI 1b29
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$162K
Fees for servicesLn 2g$424K
Investment incomeLn 3$8K
Total revenueLn 12$594K
Assets in detailPt X, end of year
CashLn 1$364K
SavingsLn 2$602K
Cash and savings togetherLn 1–2$965K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$500
Total assetsLn 16$966K
LiabilitiesLn 26$7K
Net assetsLn 32$959K
OperationsPt I, VI
EmployeesI 53
VolunteersI 60
Fiscal year endsHeaderAugust
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 FY21End FY21
Cash and savingsLn 1–2$790K$965K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$790K$966K
LiabilitiesLn 26$5K$7K
Net assetsLn 32$785K$959K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$183K$149K$34K$0
Pay of disqualified personsLn 6$130K$68K$62K$0
Payroll taxesLn 10$23K$16K$7K$0
Management feesLn 11a$8K$8K$14$0
Legal feesLn 11b$1K$0$1K$0
Accounting feesLn 11c$7K$0$7K$0
Office expensesLn 13$12K$4K$8K$0
TravelLn 17$0$0$0$0
Conferences, conventions and meetingsLn 19$15K$15K$282$0
InsuranceLn 23$3K$0$3K$0
Other expenses (24a–d)Ln 24$45K$31K$14K$0
Total functional expensesLn 25$427K$291K$136K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $121K$383K−$262K$612K 990 PDF
FY2024 $454K$629K−$175K$875K 990 PDF
FY2023 $470K$601K−$132K$982K 990 PDF
FY2022 $719K$493K$226K$1.1M 990 PDF
FY2021 Viewing $594K$427K$167K$959K 990 PDF
FY2020 $668K$430K$238K$785K 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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $593,755 across 6 lines filed
VIII-1b Membership dues$81,999
VIII-1f All other contributions, gifts and grants$79,800
VIII-1h Total contributions, gifts and grants$161,799
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$424,034
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$7,922
VIII-12 Total revenueRelated to mission $431,956 · Unrelated business $0 · Excluded from tax $0$593,755
Part IX · Statement of functional expenses $427,164 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $149,333 · Management $33,583 · Fundraising $0$182,916
IX-6 Pay of disqualified personsPrograms $67,914 · Management $62,083 · Fundraising $0$129,997
IX-10 Payroll taxesPrograms $15,896 · Management $7,431 · Fundraising $0$23,327
IX-11a Management feesPrograms $8,145 · Management $14 · Fundraising $0$8,159
IX-11b Legal feesPrograms $0 · Management $1,098 · Fundraising $0$1,098
IX-11c Accounting feesPrograms $0 · Management $6,650 · Fundraising $0$6,650
IX-13 Office expensesPrograms $4,174 · Management $7,632 · Fundraising $0$11,806
IX-17 TravelPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $15,195 · Management $282 · Fundraising $0$15,477
IX-23 InsurancePrograms $0 · Management $2,670 · Fundraising $0$2,670
IX-24 Other expenses (24a–d)Programs $30,656 · Management $14,408 · Fundraising $0$45,064
IX-25 Total functional expensesPrograms $291,313 · Management $135,851 · Fundraising $0$427,164
Part X · Balance sheet $965,782 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $311,641$363,577
X-2 Savings and temporary cash investmentsStart of year $477,929$601,705
X-10c Land, buildings and equipment, netStart of year $0$0
X-15 Other assetsStart of year $500$500
X-16 Total assetsStart of year $790,070$965,782
X-17 Accounts payable and accrued expensesStart of year $5,088$6,905
X-26 Total liabilitiesStart of year $5,088$6,905
X-32 Total net assets or fund balancesStart of year $784,982$958,877
X-33 Total liabilities and net assetsStart of year $790,070$965,782
Part XI · Reconciliation of net assets $958,877 net assets at year end
XI-1 Total revenue$593,755
XI-2 Total expenses$427,164
XI-3 Revenue less expenses$166,591
XI-4 Net assets at start of year$784,982
XI-5 Net unrealized gains (losses) on investments$7,304
XI-10 Net assets at end of year$958,877

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

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