The Foundation for the Malcolm Baldrige National Quality Award Inc

“The audit committee reviews the form 990 prior to submittal. The audit committee then presents their questions to the board of directors.”

“Governance committee monitors the board of director's activities on a regular basis.”

“Compensation for the top official (ceo) was determined by the governance committee through detailed analysis of similar non-profit organizations in the same market area. Compensation is far below market/candidate experience levels. The governance committee evaluates ceo performance quarterly as part of regularly scheduled board meetings and also performs an annual evaluation to review performance and to evaluate compensation without the ceo being present. All non-profit board best practices are followed in setting, reviewing, evaluating and applying compensation. The full board then approves the compensation package for the following year.”

“Maryland, maine, michigan, minnesota, mississippi, north carolina, north dakota, new hampshire, new jersey, new mexico, new york, ohio, oklahoma, oregon, pennsylvania, rhode island, south carolina, tennessee, utah, virginia, washington, wisconsin, west virginia”

“Governing documents are available to the public on the foundation's website and upon request.”

“Part ix, line 1 a & 24a - the existing nist baldrige performance excellence program is authorized in p.l. 100-107, as a public-private partnership that has been evaluating organizational performance, identifying role model organizations, and sharing their best practices for over 28 years, resulting in dramatic improvements in organizational performance, outcomes, and sustainability as well as over 24 billion in economic benefit to the nation. The baldrige performance excellence program develops and provides the world-renowned baldrige excellence framework - a management, best practices, assessment, standards, and leadership framework that is globally recognized and used by small businesses, industry, and governmental organizations across all business and organizational sectors including health care and education. The baldrige foundation and program also serve as the foundation for more than 30 state-based baldrige programs covering all 50 states, as well as the new community of excellence 2026 initiative which uses the baldrige framework to strengthen communities by bringing together leaders and organizations from all sectors to work together and find innovative and creative solutions to the challenges they face. Nist has measured the baldrige return on investment at greater than 820 to 1 for the us government. The money gifted to the federal government under this act pays for the 17 federal employees in the baldrige program, their operations and for conferences to share best practices across the united states. The gift also supports all state baldrige programs which feed into the national program.”

“The ratio of the program's benefits for the u.s. Economy to program costs is greater than 820 to 1. Demonstrated benefits to organizations include improved productivity, product quality and reliability, increased revenues, job growth, higher return on investment, customer satisfaction, customer loyalty, market share, and accelerated rate of innovation. The baldrige program is a world leader in organizational excellence, with hundreds of performance excellence programs worldwide based on the baldrige criteria. Value for small business: according to economists, to develop their performance excellence strategies, ceos report more benefits if they used the criteria than if they had used the best available alternatives. Organizations demonstrate growth in jobs nearly 20 times greater than matched industries and time periods (63% versus 3.2%, per the bureaus of economic analysis and labor statistics). In addition, organizations who use the baldrige framework long-term have seen a 92.6% increase in median revenue growth and a 67% median growth in infrastructure supporting inner city and community growth through job creation. Value for the healthcare sector: according to a thomson reuters study, hospitals have lower rates of mortality and complications, higher profit margins, and higher improvement levels than peers in the 100 top hospitals (top 3% nationwide). Baldrige helps improve health care quality and affordability. The president's council of advisors on science and technology recommended that doc and hhs build on the baldrige awards to help improve cost and quality of healthcare across the us. Value for public education: school districts have achieved role-model graduation rates: 97.4% (pewaukee school district, wisconsin); 93%-95% sustained over 3 years (jenks public schools, oklahoma); the highest rate of any large u.s. School district over 2 years (montgomery county public schools, maryland); and 7% average annual improvement for 4 years (iredell-statesville schools, north carolina). Baldrige improves efficiency and student performance. Demonstrated benefits include improved ap course participation and performance, standardized test scores, graduation rates, and college attendance rates. Conferences and individual recognition: the foundation also hosts 3 conferences each year to share the best practices of the highest performing organizations with conferees. Best practices are also made available to the public on our website and the baldrige programs website. This public benefit and sharing of best practices in health care, education, and business has no equal in the non- profit sector. Additionally, each year the foundation recognizes one outstanding leader from across the nation who has made an impact leading their organization with baldrige values and for the public good.”

“Temp restricted net assets 49,880”