Civic Intelligence

Qed Foundation Inc.

990 • Fiscal year 2014 • EIN 26-1516897

Jan 01, 2014 to Dec 31, 2014 • Filed on Jul 28, 2015

Organization ProfileWWW.QEDFOUNDATION.ORG
105 State Route 101A Unit 1AAmherst, NH 03031

(603) 589-9517

Siviq Scores

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

Liabilities / Assets

86th percentile

0.34x

Higher debt load relative to assets than 86% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

85th percentile

0.16x

Higher debt load relative to revenue than 85% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

6th percentile

-74%

Higher net margin than 6% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

94th percentile

$56,848

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 50.5% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

7th percentile

-56%

Faster asset growth than 7% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

9th percentile

-48%

Faster revenue growth than 9% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets86th percentile

Assets

Down

$53,935

Down $70,008 (-56%) from 2013

Net Assets

Down

$35,389

Down $86,346 (-71%) from 2013

Liabilities

Up

$18,546

Up $16,338 (+740%) from 2013

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin6th percentile

Revenue

Down

$112,511

Down $104,071 (-48%) from 2013

Expenses

Down

$195,526

Down $221,932 (-53%) from 2013

Net Income

Up

-$83,015

Up $117,861 (+59%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth7th percentile

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

2014

Assets$53,935
Liabilities$18,546
Net Assets$35,389
Open 2014 Filing

Operations Trend

Revenue Growth9th percentile

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

2014

Revenue$112,511
Expenses$195,526
Net Income-$83,015
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Jul 28, 2015
Return Version
2014v5.0
Gross Receipts
$112,511
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$71,788$41,589▼ $30,199
Land, Buildings, and Equipment, Net$7,457$5,933▼ $1,524
Cash and Non-Interest-Bearing Accounts$44,698$1,133▼ $43,565
Total Assets$123,943$53,935▼ $70,008
Other Assets Total-$5,280-
Liabilities
Unsecured Notes Loans Payable-$13,000-
Accounts Payable and Accrued Expenses$2,208$5,546▲ $3,338
Total Liabilities$2,208$18,546▲ $16,338
Net Assets / Fund Balance
Unrestricted Net Assets$121,735$35,389▼ $86,346
Total Net Assets Fund Balance$121,735$35,389▼ $86,346
Total Liabilities and Net Assets / Fund Balance$123,943$53,935▼ $70,008

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$5,933$10,503$16,436
Other Assets Org$5,280--
Compensation and Service Providers
Top Officer Pay94th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kim CarterExecutive DiFT$55,192$1,656$56,848

Board Members and Trustees

NameTitle
Stephen CoughlanChair
Joseph DimartinoDirector
Lance WhiteheadDirector
Susan BallardDirector
Susan Dreyer-leonDirector
Wendy BrannenSecretary
Daniel BaronTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$6,265
Program Service Revenue
$106,246
Investment Income
$0
Other Revenue
$0
All Other Contributions
$6,265
Change in Net Assets
$-83,015
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$123,616
Other Expenses$71,910
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$106,823$5,519-$112,342
Fees for Services Other$25,590$6,646-$32,236
Office Expenses$1,800$17,065-$18,865
Payroll Taxes$8,367$422-$8,789
Travel$6,834--$6,834
Information Technology$2,849$1,212-$4,061
Advertising$3,765--$3,765
Other Employee Benefits$2,319$166-$2,485
Insurance$2,348--$2,348
Conferences and Meetings$2,276--$2,276
Depreciation Depletion$1,525--$1,525
Total Functional Expenses$164,496$31,030$0$195,526
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
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, for thrir review, prior to the filing of the return.”

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

“The qed board annually reviews the conflict of interest policy with board members. A statement is signed by each board member annually affirming their understanding and compliance. 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

“The 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

“Documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Qed Foundation Inc
EIN
26-1516897
Phone
6035899517
Address
105 STATE ROUTE 101A UNIT 1A, AMHERST, NH 03031

Signing Officer

Name
Stephen Coughlan
Title
Board Chair
Phone
6035899517
Signed
2015-07-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephen Coughlan
Formed
2007
Legal Domicile
Nh
Voting Board Members
7
Independent Board Members
7
Employees
3

Preparer

Firm
Vachon Clukay & Company Pc
Address
608 CHESTNUT ST, MANCHESTER, NH 03104
Preparer
Gary G Boisvert
Phone
6036227070
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

“Professional fees 25,500 6,646 0 miscellaneous 90 0 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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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt070570
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0211361
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt0140791
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt070570
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt0211361
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0216582
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0871730
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0386827
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0251380
IRS990ScheduleA/Total509Grp/TotalAmt01839030
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IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt05280
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt05933
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt010503
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt016436
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05933
IRS990ScheduleD/TotalBookValueOtherAssetsAmt05280
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DEMONSTRATING MASTERY, BUILDING CAPACITY AND BUILDING DEMAND.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AN ELECTRONIC COPY OF THE FORM 990 IS PROVIDED TO THE BOARD, FOR THRIR REVIEW, PRIOR TO THE FILING OF THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE QED BOARD ANNUALLY REVIEWS THE CONFLICT OF INTEREST POLICY WITH BOARD MEMBERS. A STATEMENT IS SIGNED BY EACH BOARD MEMBER ANNUALLY AFFIRMING THEIR UNDERSTANDING AND COMPLIANCE. 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/ExplanationTxt3THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PROFESSIONAL FEES 25,500 6,646 0 MISCELLANEOUS 90 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
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IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalContributionsAmt06265
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt031030
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0164496
IRS990/TotalFunctionalExpensesGrp/TotalAmt0195526
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02208
IRS990/TotalLiabilitiesEOYAmt018546
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IRS990/TotalLiabilitiesGrp/EOYAmt018546
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IRS990/TotalOtherCompensationAmt01656
IRS990/TotalProgramServiceExpensesAmt0164496
IRS990/TotalProgramServiceRevenueAmt0106246
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IRS990/TravelGrp/TotalAmt06834
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IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt013000
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt011 EATON STREET
IRS990/USAddress/CityNm0AMHERST
IRS990/USAddress/StateAbbreviationCd0NH
IRS990/USAddress/ZIPCd003031
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.QEDFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0STEPHEN COUGHLAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum06035899517
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-07-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0QED FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0QEDF
ReturnHeader/Filer/EIN0261516897
ReturnHeader/Filer/PhoneNum06035899517
ReturnHeader/Filer/USAddress/AddressLine1Txt0105 STATE ROUTE 101A UNIT 1A
ReturnHeader/Filer/USAddress/CityNm0AMHERST
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NH
ReturnHeader/Filer/USAddress/ZIPCd003031
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0020400031
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0VACHON CLUKAY & COMPANY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0608 CHESTNUT ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MANCHESTER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd003104
ReturnHeader/PreparerPersonGrp/PhoneNum06036227070
ReturnHeader/PreparerPersonGrp/PreparationDt02015-07-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GARY G BOISVERT
ReturnHeader/ReturnTs02015-08-06T09:03:13-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$53,935
Liabilities
$18,546
Net assets
$35,389
Revenue
$112,511
Expenses
$195,526
Net income
-$83,015
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