Civic Intelligence

Qed Foundation Inc.

990 • Fiscal year 2013 • EIN 26-1516897

Jan 01, 2013 to Dec 31, 2013 • Filed on Aug 15, 2014

105 State Route 101A Unit 1A03031

(603) 589-9517

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

64th percentile

0.02x

Higher debt load relative to assets than 64% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Liabilities / Revenue

64th percentile

0.01x

Higher debt load relative to revenue than 64% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Net Margin

5th percentile

-93%

Higher net margin than 5% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Top Officer Pay

99th percentile

$135,813

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 62.7% of source-year revenue.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Asset Growth

6th percentile

-63%

Faster asset growth than 6% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Down

$123,943

Down $212,000 (-63%) from 2012

Net Assets

Down

$121,735

Down $199,374 (-62%) from 2012

Liabilities

Down

$2,208

Down $12,626 (-85%) from 2012

Revenue

$216,582

No earlier filing loaded for comparison.

Expenses

Down

$417,458

Down $238,053 (-36%) from 2012

Net Income

-$200,876

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$200K$0-$200KAssets 2010: $44,240Liabilities 2010: $9,817Net Assets 2010: $34,4232010Assets 2011: $115,565Liabilities 2011: $8,692Net Assets 2011: $106,8732011Assets 2012: $335,943Liabilities 2012: $14,834Net Assets 2012: $321,1092012Assets 2013: $123,943Liabilities 2013: $2,208Net Assets 2013: $121,7352013Assets 2014: $53,935Liabilities 2014: $18,546Net Assets 2014: $35,3892014Assets 2015: $29,173Liabilities 2015: $31,544Net Assets 2015: -$2,3712015Assets 2016: $13,515Liabilities 2016: $7,022Net Assets 2016: $6,4932016Assets 2017: $72,004Liabilities 2017: $9,114Net Assets 2017: $62,8902017Assets 2018: $77,740Liabilities 2018: $10,573Net Assets 2018: $67,1672018Assets 2019: $27,513Liabilities 2019: $8,066Net Assets 2019: $19,4472019Assets 2020: $71,813Liabilities 2020: $84,451Net Assets 2020: -$12,6382020Assets 2021: $108,266Liabilities 2021: $157,562Net Assets 2021: -$49,2962021Assets 2022: $138,113Liabilities 2022: $165,091Net Assets 2022: -$26,9782022Assets 2023: $103,445Liabilities 2023: $147,021Net Assets 2023: -$43,5762023Assets 2024: $33,783Liabilities 2024: $141,498Net Assets 2024: -$107,7152024

Highlighted filing

2013

Assets$123,943
Liabilities$2,208
Net Assets$121,735

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $276,9442010Expenses 2011: $314,3772011Expenses 2012: $655,5112012Revenue 2013: $216,582Expenses 2013: $417,458Net Income 2013: -$200,8762013Revenue 2014: $112,511Expenses 2014: $195,526Net Income 2014: -$83,0152014Revenue 2015: $208,009Expenses 2015: $246,238Net Income 2015: -$38,2292015Revenue 2016: $168,585Expenses 2016: $159,721Net Income 2016: $8,8642016Revenue 2017: $204,350Expenses 2017: $147,953Net Income 2017: $56,3972017Revenue 2018: $173,449Expenses 2018: $169,172Net Income 2018: $4,2772018Revenue 2019: $116,598Expenses 2019: $164,318Net Income 2019: -$47,7202019Revenue 2020: $109,435Expenses 2020: $141,520Net Income 2020: -$32,0852020Revenue 2021: $164,803Expenses 2021: $205,109Net Income 2021: -$40,3062021Revenue 2022: $303,884Expenses 2022: $282,805Net Income 2022: $21,0792022Revenue 2023: $229,294Expenses 2023: $246,654Net Income 2023: -$17,3602023Revenue 2024: $115,843Expenses 2024: $179,982Net Income 2024: -$64,1392024

Highlighted filing

2013

Revenue$216,582
Expenses$417,458
Net Income-$200,876
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Aug 15, 2014
Return Version
2013v3.1
Gross Receipts
$216,582
Mission and Program Overview

Mission

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.

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 sutaninable growth and learning.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$72,502$71,788▼ $714
Cash and Non-Interest-Bearing Accounts$229,571$44,698▼ $184,873
Pledges and Grants Receivable$25,000--
Land, Buildings, and Equipment, Net$9,175$7,457▼ $1,718
Prepaid Expenses and Deferred Charges$1,196--
Total Assets$337,444$123,943▼ $213,501
Liabilities
Accounts Payable and Accrued Expenses$14,833$2,208▼ $12,625
Total Liabilities$14,833$2,208▼ $12,625
Net Assets / Fund Balance
Temporarily Rstr Net Assets$463,436$122,039▼ $341,397
Unrestricted Net Assets$-140,825$-304▲ $140,521
Total Net Assets Fund Balance$322,611$121,735▼ $200,876
Total Liabilities and Net Assets / Fund Balance$337,444$123,943▼ $213,501

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,129$5,818$8,947
Other Land Buildings$1,690$3,041$4,731
Leasehold Improvements$2,638$118$2,756
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Kim CarterExecutive Di$130,731$5,082$135,813

Board Members and Trustees

NameTitle
Stephen CoughlanChairman
Joe DimartinoDirector
Kathy DunneDirector
Susan Dreyer-leonDirector
Wendy BrannenSecretary
Daniel BaronTresurer
Revenue and Support

Revenue Composition

Contributions and Grants
$54,099
Program Service Revenue
$162,483
Investment Income
$0
Other Revenue
$0
All Other Contributions
$2,004
Change in Net Assets
$-200,876

Audited Revenue Reconciliation

Revenue per Audited Statements
$216,582
Total Revenue per Audited Statements
$216,582
Total Revenue per Form 990
$216,582
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$237,410
Other Expenses$180,048
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$130,731--$130,731
Other Salaries and Wages$84,730--$84,730
Fees for Services Other$48,926$19,629-$68,555
Fees for Services Accounting-$37,163-$37,163
Information Technology$28,591$2,795-$31,386
Office Expenses-$18,208-$18,208
Payroll Taxes$16,867--$16,867
Travel$7,477$3,547-$11,024
Other Employee Benefits$5,082--$5,082
Insurance-$3,907-$3,907
Advertising-$3,311-$3,311
Depreciation Depletion$1,718--$1,718
Conferences and Meetings$1,064$151-$1,215
Other Expenses$676$234-$910
Total Functional Expenses$328,513$88,945$0$417,458

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$417,458
Total Expenses per Audited Statements$417,458
Total Expenses per Form 990$417,458
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

An electronic copy of the form 990 is provided to the board prior to the filing of the tax return.

Form 990, Page 6, Part VI, Line 12C

The qed board annually reviews the conflict of interest policy with board members. When decisions regarding contracts and compensation are before the board, the executive director and the board chair assess and apprise the board of any connections to any board member's work.

Form 990, Page 6, Part VI, Line 15A

Cfo surveyed comparable organizations, effort and effectiveness of ceo, and presented analysis to the board, which voted on the recommendation, all as part of a regularly scheduled board meeting.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

EIN
26-1516897
Phone
6035899517

Signing Officer

Name
Stephen Coughlan
Title
Board Chair
Phone
6035899517
Signed
2014-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephen Coughlan
Formed
2007
Legal Domicile
Nh
Voting Board Members
6
Independent Board Members
6
Employees
6

Preparer

Preparer
Kimberly Hennessey
Phone
6032250941
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Demonstrating mastery, building capacity and building demand.

Form 990, Part IX, Line 11G

Consultants 48,926 19,629 0

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DEMONSTRATING MASTERY, BUILDING CAPACITY AND BUILDING DEMAND.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AN ELECTRONIC COPY OF THE FORM 990 IS PROVIDED TO THE BOARD PRIOR TO THE FILING OF THE TAX RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE QED BOARD ANNUALLY REVIEWS THE CONFLICT OF INTEREST POLICY WITH BOARD MEMBERS. WHEN DECISIONS REGARDING CONTRACTS AND COMPENSATION ARE BEFORE THE BOARD, THE EXECUTIVE DIRECTOR AND THE BOARD CHAIR ASSESS AND APPRISE THE BOARD OF ANY CONNECTIONS TO ANY BOARD MEMBER'S WORK.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CFO SURVEYED COMPARABLE ORGANIZATIONS, EFFORT AND EFFECTIVENESS OF CEO, AND PRESENTED ANALYSIS TO THE BOARD, WHICH VOTED ON THE RECOMMENDATION, ALL AS PART OF A REGULARLY SCHEDULED BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO DOCUMENTS AVAILABLE TO THE PUBLIC
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
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IRS990/USAddress/State0NH
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IRS990/VotingMembersIndependentCnt06
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IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0STEPHEN COUGHLAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum06035899517
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-08-15
ReturnHeader/Filer/BusinessName/BusinessNameLine10QED FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0QEDF
ReturnHeader/Filer/EIN0261516897
ReturnHeader/Filer/PhoneNum06035899517
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0020501276
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10SMITH HENNESSEY ASSOCIATES PLLCCPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10261 SHEEP DAVIS RD STE 7
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0CONCORD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0NH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode0033015750
ReturnHeader/PreparerPersonGrp/PhoneNum06032250941
ReturnHeader/PreparerPersonGrp/PreparationDt02014-08-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KIMBERLY HENNESSEY
ReturnHeader/ReturnTs02014-08-15T14:06:37-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.34$1.41$1.08$1.16$1.80$0.64
2023Detailed filing. Detailed filing data is available for this year.$1.03$1.47$0.44$2.29$2.47$0.17
2022Detailed filing. Detailed filing data is available for this year.$1.38$1.65$0.27$3.04$2.83$0.21
2021Detailed filing. Detailed filing data is available for this year.$1.08$1.58$0.49$1.65$2.05$0.40
2020Detailed filing. Detailed filing data is available for this year.$0.72$0.84$0.13$1.09$1.42$0.32
2019Detailed filing. Detailed filing data is available for this year.$0.28$0.08$0.19$1.17$1.64$0.48
2018Detailed filing. Detailed filing data is available for this year.$0.78$0.11$0.67$1.73$1.69$0.04
2017Detailed filing. Detailed filing data is available for this year.$0.72$0.09$0.63$2.04$1.48$0.56
2016Detailed filing. Detailed filing data is available for this year.$0.14$0.07$0.06$1.69$1.60$0.09
2015Detailed filing. Detailed filing data is available for this year.$0.29$0.32$0.02$2.08$2.46$0.38
2014Detailed filing. Detailed filing data is available for this year.$0.54$0.19$0.35$1.13$1.96$0.83
2013Detailed filing. Detailed filing data is available for this year.$1.24$0.02$1.22$2.17$4.17$2.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.36$0.15$3.21$6.56
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.16$0.09$1.07$3.14
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.44$0.10$0.34$2.77