Civic Intelligence

Education Quality Outcomes Standards Inc.

990 • Fiscal year 2020 • EIN 82-1345679

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 08, 2021

55 2nd St Floor 25San Francisco, CA 94105

(206) 359-9528

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

79th percentile

32%

Higher net margin than 79% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

99th percentile

$170,891

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 37.2% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

82nd percentile

58%

Faster asset growth than 82% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

33rd percentile

-34%

Faster revenue growth than 33% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

$398,062

No earlier filing loaded for comparison.

Net Assets

$398,062

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$458,846

No earlier filing loaded for comparison.

Expenses

$312,729

No earlier filing loaded for comparison.

Net Income

$146,117

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.

$800K$600K$400K$200K$0Assets 2020: $398,062Liabilities 2020: $0Net Assets 2020: $398,0622020Assets 2021: $677,584Liabilities 2021: $246Net Assets 2021: $677,3382021Assets 2022: $574,542Liabilities 2022: $598Net Assets 2022: $573,9442022

Highlighted filing

2020

Assets$398,062
Liabilities$0
Net Assets$398,062

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2020: $458,846Expenses 2020: $312,729Net Income 2020: $146,1172020Revenue 2021: $842,500Expenses 2021: $563,224Net Income 2021: $279,2762021Revenue 2022: $0Expenses 2022: $103,394Net Income 2022: -$103,3942022

Highlighted filing

2020

Revenue$458,846
Expenses$312,729
Net Income$146,117
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 8, 2021
Return Version
2020v4.0
Gross Receipts
$458,846
Mission and Program Overview

Mission

To establish a consistent process for collecting and reporting student outcomes data across all postsecondary education and training programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$251,945$398,062▲ $146,117
Rtn Earn Endowment Incm Other Fnds$251,945$398,062▲ $146,117
Total Assets$251,945$398,062▲ $146,117
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$251,945$398,062▲ $146,117
Total Liabilities and Net Assets / Fund Balance$251,945$398,062▲ $146,117
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kristin SharpCEOFT$133,333$37,558$170,891

Board Members and Trustees

NameTitle
Michael HornBoard Chair
Elise ScanlonBoard Member
Ted MitchellBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$458,846
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$458,846
Change in Net Assets
$146,117
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$196,239
Grants and Similar Amounts Paid$60,000
Other Expenses$56,490
Total Fundraising Expense$19,472
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$136,666$17,084$17,083$170,833
Grants to Domestic Orgs$60,000--$60,000
Fees for Services Management-$17,500-$17,500
Fees for Services Other$15,000--$15,000
Payroll Taxes$10,652$1,331$1,331$13,314
Other Salaries and Wages$11,635--$11,635
Insurance$8,466$1,058$1,058$10,582
Fees for Services Accounting-$10,000-$10,000
Office Expenses-$1,610-$1,610
Information Technology-$1,500-$1,500
Other Employee Benefits$457--$457
Other Expenses-$10-$10
Total Functional Expenses$242,876$50,381$19,472$312,729
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Mi Casa Resource CenterDenver, CO501c3Pilot Program$20,000
Techtonic IncDenver, CO-Pilot Program$20,000
Turing School of SoftwareDenver, CO501c3Pilot Program$20,000
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Entangled VenturesSub of FounderManagement FeesNo$17,500
Entangled SolutionsSub of FounderConsultingNo$15,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
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

The form 990 is reviewed by the organization's ceo and outside counsel. A copy of the return is provided to the board of directors for final review and approval prior to filing.

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

Any director, principal officer or member of a committee with governing board delegated powers, who has a direct or indirect financial interest is considered an interested person, subject to the organization's conflict of interest policy. Each director and officer shall periodically sign a statement that affirms such person: (a) has received a copy of the conflict of interest policy, (b) has read and understands the policy, (c) has agreed to comply with the policy, and (d) understands that eqos is a charitable organization and in order to maintain its federal tax exemption, it must engage primarily in activities which accomplish one or more of its tax- exempt purposes. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he or she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide whether a conflict exists, determine the appropriate procedure for evaluating the potential conflict of interest, and take any appropriate disciplinary and corrective action.

Form 990, Page 6, Part VI, Line 19

Governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Education Quality Outcomes
EIN
82-1345679
Phone
2063599528
Address
55 2ND ST FLOOR 25, SAN FRANCISCO, CA 94105

Signing Officer

Name
Kristin Sharp
Title
CEO
Phone
2063599528
Signed
2021-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kristin Sharp
Formed
2017
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
2
Employees
2

Preparer

Firm
Jansen Valk Thompson & Reahm Pc
Address
7171 STADIUM DR, KALAMAZOO, MI 49009-4943
Preparer
Rhonda L Newman
Phone
2693817600
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Education quality outcomes standards, inc. ("eqos") intends to create universal standards for postsecondary institutions. Through the use of universal standards, eqos will regulate student outcome recording and reporting in higher education so that students, employers and states can make "apples-to-apples" comparisons between like higher education programs. This is critical because students, families, states and other interested constituents are facing a barrage of unsubstantiated claims regarding the outcomes postsecondary programs produce. Currently, one-third of college students make no gains in their writing, complex reasoning, or critical- thinking skills after four years of college. According to education sector, nearly 30% of college students who take out loans drop out of school. Nationally, three out of five americans believe that higher-education leaders put the long-term interests of their institutions over the needs of their students. Among traditionally aged bachelor's degree students, only 59% graduate within six years. Since 2005, student debt has increased 35% while earnings have decreased by 2%. Our higher education system needs improvements in quality assurance to drive better student outcomes. Postsecondary programs wishing to substantiate their outcomes-based claims will use the standards established by eqos. Quality assurance consultants will help providers set up protocols and processes to measure and report outcomes for their programs based on the standards set by eqos. Third-party auditors will validate the evidence and outcome metrics reported by the programs. This process will provide transparent and trustworthy data about student outcomes that students, families, states, rating entities and others can use to evaluate claims made by the postsecondary education programs. This in turn should drive industry-wide innovation for student outcomes and accountability. In developing universal standards, eqos will focus on outcomes not inputs. Standards will be open and findings will be transparent. No one organization will have a monoploy on developing the standards. Students' opinions and evaluations of their experiences will be important. Constituents expected to benefit from a universal standards system including students, families, state and federal governments, ranking systems, ratings issuers and student financial aid issuers.

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

The education quality outcomes standards board (eqos) is a non-profit organization that helps post secondary providers collect and report real- world outcomes data in order to establish consistent quality assurance standards across education and training programs. Eqos has developed a robust quality assurance framework and approach for education and training providers. Today, the framework is being piloted in colorado, indiana, and new jersey. In addition to creating and defining the metrics for our five outcomes standard categories, we assist individual education providers in understanding the framework and provide technical assistance in the actual collection and reporting of the outcomes data. We also assist state governments and policymakers in understanding the results and using the framework to incentivize the identification and scaling of education programs that have measurable real-world successes in training or retraining vulnerable populations.

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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0MANAGEMENT FEES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1CONSULTING
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0EQOS WAS INITIALLY FOUNDED BY THE ENTANGLED GROUP WHICH INCLUDES ENTANGLED VENTURES AND ENTANGLED SOLUTIONS. EQOS IS ORGANIZED AND OPERATED AS AN INDEPENDENT ENTITY. THE ENTANGLED GROUP AND ITS SUBSIDIARY ENTITIES HAVE NO RIGHT TO ELECT DIRECTORS OR TO OTHERWISE CONTROL ANY OF EQOS' ACTIVITIES. BECAUSE FORMER BOARD MEMBERS WERE AN OFFICER AND AN EMPLOYEE OF ENTANGLED GROUP, TRANSACTIONS WITH THESE ENTITIES WILL CONTINUE TO BE REPORTED FOR FIVE YEARS IN ACCORDANCE WITH THE INSTRUCTIONS TO SCHEDULE L.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EDUCATION QUALITY OUTCOMES STANDARDS, INC. ("EQOS") INTENDS TO CREATE UNIVERSAL STANDARDS FOR POSTSECONDARY INSTITUTIONS. THROUGH THE USE OF UNIVERSAL STANDARDS, EQOS WILL REGULATE STUDENT OUTCOME RECORDING AND REPORTING IN HIGHER EDUCATION SO THAT STUDENTS, EMPLOYERS AND STATES CAN MAKE "APPLES-TO-APPLES" COMPARISONS BETWEEN LIKE HIGHER EDUCATION PROGRAMS. THIS IS CRITICAL BECAUSE STUDENTS, FAMILIES, STATES AND OTHER INTERESTED CONSTITUENTS ARE FACING A BARRAGE OF UNSUBSTANTIATED CLAIMS REGARDING THE OUTCOMES POSTSECONDARY PROGRAMS PRODUCE. CURRENTLY, ONE-THIRD OF COLLEGE STUDENTS MAKE NO GAINS IN THEIR WRITING, COMPLEX REASONING, OR CRITICAL- THINKING SKILLS AFTER FOUR YEARS OF COLLEGE. ACCORDING TO EDUCATION SECTOR, NEARLY 30% OF COLLEGE STUDENTS WHO TAKE OUT LOANS DROP OUT OF SCHOOL. NATIONALLY, THREE OUT OF FIVE AMERICANS BELIEVE THAT HIGHER-EDUCATION LEADERS PUT THE LONG-TERM INTERESTS OF THEIR INSTITUTIONS OVER THE NEEDS OF THEIR STUDENTS. AMONG TRADITIONALLY AGED BACHELOR'S DEGREE STUDENTS, ONLY 59% GRADUATE WITHIN SIX YEARS. SINCE 2005, STUDENT DEBT HAS INCREASED 35% WHILE EARNINGS HAVE DECREASED BY 2%. OUR HIGHER EDUCATION SYSTEM NEEDS IMPROVEMENTS IN QUALITY ASSURANCE TO DRIVE BETTER STUDENT OUTCOMES. POSTSECONDARY PROGRAMS WISHING TO SUBSTANTIATE THEIR OUTCOMES-BASED CLAIMS WILL USE THE STANDARDS ESTABLISHED BY EQOS. QUALITY ASSURANCE CONSULTANTS WILL HELP PROVIDERS SET UP PROTOCOLS AND PROCESSES TO MEASURE AND REPORT OUTCOMES FOR THEIR PROGRAMS BASED ON THE STANDARDS SET BY EQOS. THIRD-PARTY AUDITORS WILL VALIDATE THE EVIDENCE AND OUTCOME METRICS REPORTED BY THE PROGRAMS. THIS PROCESS WILL PROVIDE TRANSPARENT AND TRUSTWORTHY DATA ABOUT STUDENT OUTCOMES THAT STUDENTS, FAMILIES, STATES, RATING ENTITIES AND OTHERS CAN USE TO EVALUATE CLAIMS MADE BY THE POSTSECONDARY EDUCATION PROGRAMS. THIS IN TURN SHOULD DRIVE INDUSTRY-WIDE INNOVATION FOR STUDENT OUTCOMES AND ACCOUNTABILITY. IN DEVELOPING UNIVERSAL STANDARDS, EQOS WILL FOCUS ON OUTCOMES NOT INPUTS. STANDARDS WILL BE OPEN AND FINDINGS WILL BE TRANSPARENT. NO ONE ORGANIZATION WILL HAVE A MONOPLOY ON DEVELOPING THE STANDARDS. STUDENTS' OPINIONS AND EVALUATIONS OF THEIR EXPERIENCES WILL BE IMPORTANT. CONSTITUENTS EXPECTED TO BENEFIT FROM A UNIVERSAL STANDARDS SYSTEM INCLUDING STUDENTS, FAMILIES, STATE AND FEDERAL GOVERNMENTS, RANKING SYSTEMS, RATINGS ISSUERS AND STUDENT FINANCIAL AID ISSUERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE EDUCATION QUALITY OUTCOMES STANDARDS BOARD (EQOS) IS A NON-PROFIT ORGANIZATION THAT HELPS POST SECONDARY PROVIDERS COLLECT AND REPORT REAL- WORLD OUTCOMES DATA IN ORDER TO ESTABLISH CONSISTENT QUALITY ASSURANCE STANDARDS ACROSS EDUCATION AND TRAINING PROGRAMS. EQOS HAS DEVELOPED A ROBUST QUALITY ASSURANCE FRAMEWORK AND APPROACH FOR EDUCATION AND TRAINING PROVIDERS. TODAY, THE FRAMEWORK IS BEING PILOTED IN COLORADO, INDIANA, AND NEW JERSEY. IN ADDITION TO CREATING AND DEFINING THE METRICS FOR OUR FIVE OUTCOMES STANDARD CATEGORIES, WE ASSIST INDIVIDUAL EDUCATION PROVIDERS IN UNDERSTANDING THE FRAMEWORK AND PROVIDE TECHNICAL ASSISTANCE IN THE ACTUAL COLLECTION AND REPORTING OF THE OUTCOMES DATA. WE ALSO ASSIST STATE GOVERNMENTS AND POLICYMAKERS IN UNDERSTANDING THE RESULTS AND USING THE FRAMEWORK TO INCENTIVIZE THE IDENTIFICATION AND SCALING OF EDUCATION PROGRAMS THAT HAVE MEASURABLE REAL-WORLD SUCCESSES IN TRAINING OR RETRAINING VULNERABLE POPULATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS REVIEWED BY THE ORGANIZATION'S CEO AND OUTSIDE COUNSEL. A COPY OF THE RETURN IS PROVIDED TO THE BOARD OF DIRECTORS FOR FINAL REVIEW AND APPROVAL PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANY DIRECTOR, PRINCIPAL OFFICER OR MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS, WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST IS CONSIDERED AN INTERESTED PERSON, SUBJECT TO THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. EACH DIRECTOR AND OFFICER SHALL PERIODICALLY SIGN A STATEMENT THAT AFFIRMS SUCH PERSON: (A) HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, (B) HAS READ AND UNDERSTANDS THE POLICY, (C) HAS AGREED TO COMPLY WITH THE POLICY, AND (D) UNDERSTANDS THAT EQOS IS A CHARITABLE ORGANIZATION AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION, IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX- EXEMPT PURPOSES. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE OR SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE WHETHER A CONFLICT EXISTS, DETERMINE THE APPROPRIATE PROCEDURE FOR EVALUATING THE POTENTIAL CONFLICT OF INTEREST, AND TAKE ANY APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0EDUCATION QUALITY OUTCOMES
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0STANDARDS INC
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JANSEN VALK THOMPSON & REAHM PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07171 STADIUM DR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0KALAMAZOO
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ReturnHeader/PreparerPersonGrp/PhoneNum02693817600
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RHONDA L NEWMAN
ReturnHeader/ReturnTs02021-11-15T14:02:50-06:00
ReturnHeader/ReturnTypeCd0990
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ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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