American Society For Quality Inc
- Assets
- $48.7m
- Revenue
- $23.4m
- Investments
- $0.0
- Employees
- 129
- Location
- Milwaukee, WI
- Founding
- 06/1952
- Data as of
- 12/2022
- EIN
- 39-0912502
Organization Overview
American Society For Quality Inc is located in Milwaukee, WI. The organization was established in 1952. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, American Society For Quality Inc employed 129 individuals. This organization is the central organization for a national or regional group of organizations. American Society For Quality Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, American Society For Quality Inc generated $23.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $29.4m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO INCREASE THE USE AND IMPACT OF QUALITY IN RESPONSE TO THE DIVERSE NEEDS OF THE WORLD.
Describe the Organization's Program Activity:
ASQ IS A NOT-FOR-PROFIT PROFESSIONAL SOCIETY FORMED TO SUPPORT INDIVIDUALS IN THEIR PURSUIT OF QUALITY PRACTICES AND PERFORMANCE EXCELLENCE BY PROVIDING THOUGHT LEADERSHIP, TRAINING, AND KNOWLEDGE RESOURCES. ACTIVITIES INCLUDE DEVELOPING QUALITY TOOLS, TRAINING ; PUBLICATIONS; AND, CONFERENCES AND FORUMS FOR QUALITY PRACTITIONERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Blanton Godfrey Chair | OfficerTrustee | 1 | $0 |
Wayne Brown Treasurer | OfficerTrustee | 1 | $0 |
Francisco Santos Chair-Elect | Trustee | 1 | $0 |
Janet Raddatz Past Chair | Trustee | 1 | $0 |
Nancy Nouameh Geographic Communities Council Chair | Trustee | 1 | $0 |
Wanda Sturm Technical Communities Council Chair | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Perficient Marketing Services | 12/30/22 | $424,570 |
Personify Software Services | 12/30/22 | $476,276 |
Fusionspan Consulting Services | 12/30/22 | $404,561 |
Linkedin Marketing Services | 12/30/22 | $348,673 |
Ember Conference Consulting Services | 12/30/22 | $373,966 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $140,443 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $140,443 |
| Total Program Service Revenue | $22,067,301 |
| Investment income | $2,235 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $14,470 |
| Net Gain/Loss on Asset Sales | $880,952 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $306,163 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,411,564 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $83,489 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,395,455 |
| Compensation of current officers, directors, key employees. | $1,395,455 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,542,232 |
| Pension plan accruals and contributions | $295,507 |
| Other employee benefits | $1,083,451 |
| Payroll taxes | $695,364 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $157,064 |
| Fees for services: Accounting | $74,697 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,019,649 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,641,058 |
| Travel | $268,575 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,367,681 |
| Interest | $308,563 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,754,559 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $29,413,927 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,133,619 |
| Savings and temporary cash investments | $388,376 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $866,271 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,857,789 |
| Inventories for sale or use | $220,297 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $9,155,401 |
| Investments—publicly traded securities | $25,128,158 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $941,008 |
| Total assets | $48,690,919 |
| Accounts payable and accrued expenses | $7,462,771 |
| Grants payable | $0 |
| Deferred revenue | $3,816,026 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $11,387,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $500,000 |
| Total liabilities | $23,165,797 |
| Net assets without donor restrictions | $25,525,122 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $48,690,919 |
Grants Awarded
Over the last fiscal year, American Society For Quality Inc has awarded $10,400 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MILWAUKEE HABITAT FOR HUMANITY PURPOSE: DONATION | $5,000 |
UNIVERSITY OF GEORGIA PURPOSE: SCHOLARSHIP | $5,400 |