Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2018.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
61 cents of each dollar spent went to programs.
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
10 people listed on the 990; $100K paid to officers and key staff.
Ann Richman’s $336K as Exec Director/Secretary is at the 98th percentile of top reported officer pay among 1683 $1–10M mental health 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 · 4 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Ann Richman | $335,500 | $252,000 | $242,000 | $240,000 | — | — |
| Ann Richman Starting 921 | — | — | — | — | $68,308 | — |
| Cynthia Joyce | — | — | — | — | — | $49,854 |
| Cynthia Joyce Thru 921 | — | — | — | — | $32,151 | — |
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 15aYes
Programs and updates
Funds mental health research and promotes public awareness for better understanding and treatment.
Questions for Mq Foundation INC
Your first name shows with your question. Mq Foundation INC answers here, for everyone.
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The organization made a grant of $275,000 to MQ: transforming mental health for research funding for early career researchers focused on adolescent mental health.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $194K | $1.1M |
| Total assetsLn 16 | $315K | $1.1M |
| LiabilitiesLn 26 | $110K | $377K |
| Net assetsLn 32 | $205K | $752K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants and assistance to foreign recipientsLn 3 | $275K | $275K | ||
| Pay of current officers, directors and key staffLn 5 | $90K | $18K | $72K | |
| Payroll taxesLn 10 | $7K | $1K | $6K | |
| Management feesLn 11a | $106K | $16K | $90K | |
| Legal feesLn 11b | $1K | $1K | ||
| Accounting feesLn 11c | $17K | $17K | ||
| Advertising and promotionLn 12 | $435 | $435 | ||
| Office expensesLn 13 | $123 | $123 | ||
| Information technologyLn 14 | $2K | $2K | ||
| TravelLn 17 | $5K | $5K | ||
| Conferences, conventions and meetingsLn 19 | $350 | $350 | ||
| InterestLn 20 | $43 | $43 | ||
| InsuranceLn 23 | $172 | $172 | ||
| Other expenses (24a–d)Ln 24 | $1K | $1K | ||
| Total functional expensesLn 25 | $506K | $310K | $195K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $3.7M | $1.4M | $2.3M | $3.2M | 990 PDF |
| FY2024 | $877K | $640K | $237K | $965K | 990 PDF |
| FY2023 | $973K | $1.3M | −$337K | $574K | 990 PDF |
| FY2022 | $1.9M | $1.7M | $159K | $911K | 990 PDF |
| FY2021 Viewing | $1.1M | $506K | $547K | $752K | 990 PDF |
| FY2020 | $399K | $536K | −$137K | $205K | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $1,052,758 revenue, 12 lines filed
Part VI · Governance 8 of 8 board members independent, no flags
Part VIII · Statement of revenue $1,052,758 across 4 lines filed
Part IX · Statement of functional expenses $505,921 across 14 lines filed
Part X · Balance sheet $1,128,413 assets, 11 lines filed
Part XI · Reconciliation of net assets $751,595 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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