Civic Intelligence

Education Quality Outcomes Standards Inc.

990 • Fiscal year 2021 • EIN 82-1345679

Jan 01, 2021 to Dec 31, 2021 • Filed on Jun 01, 2022

88 Broad StBoston, MA 02110

(617) 728-4446

Siviq Scores

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

Liabilities / Assets

31st percentile

0.00x

Higher debt load relative to assets than 31% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

30th percentile

0.00x

Higher debt load relative to revenue than 30% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

76th percentile

33%

Higher net margin than 76% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

98th percentile

$292,115

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 34.7% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

87th percentile

70%

Faster asset growth than 87% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

83rd percentile

84%

Faster revenue growth than 83% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$677,584

Up $279,522 (+70%) from 2020

Net Assets

Up

$677,338

Up $279,276 (+70%) from 2020

Liabilities

Up

$246

Up $246 from 2020

Revenue

Up

$842,500

Up $383,654 (+84%) from 2020

Expenses

Up

$563,224

Up $250,495 (+80%) from 2020

Net Income

Up

$279,276

Up $133,159 (+91%) from 2020

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

2021

Assets$677,584
Liabilities$246
Net Assets$677,338

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

2021

Revenue$842,500
Expenses$563,224
Net Income$279,276
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jun 1, 2022
Return Version
2021v4.0
Gross Receipts
$842,500
Mission and Program Overview

Mission

Education quality outcomes standards, inc. ("eqos") intends to create universal standards for postsecondary institutions. Through the use of universal standards, eqos will influence student outcomes data reporting in the postsecondary field so that students, state agencies, and employers can make apples to apples comparisons about program quality. 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 studen

Eqos intends to create universal standards for post-secondary institutions. Through the use of universal standards, eqos will influence student outcomes data reporting in the post-secondary field so that students, state agencies, and employers can make apples to apples comparisons about program quality.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$398,062$677,338▲ $279,276
Cash and Non-Interest-Bearing Accounts$398,062$352,584▼ $45,478
Pledges and Grants Receivable-$325,000-
Total Assets$398,062$677,584▲ $279,522
Liabilities
Accounts Payable and Accrued Expenses-$246-
Total Liabilities$0$246▲ $246
Net Assets / Fund Balance
Total Net Assets Fund Balance$398,062$677,338▲ $279,276
Total Liabilities and Net Assets / Fund Balance$398,062$677,584▲ $279,522
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kristin SharpCEOFT$279,000$13,115$292,115

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$842,500
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$592,500
Change in Net Assets
$279,276
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$368,623
Other Expenses$194,601
Total Fundraising Expense$30,249
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$223,200$27,900$27,900$279,000
Fees for Services Other$171,118--$171,118
Other Salaries and Wages$52,567--$52,567
Payroll Taxes$15,107$1,889$1,889$18,885
Pension Plan Contributions$11,615--$11,615
Other Employee Benefits$6,556--$6,556
Fees for Services Accounting-$5,409-$5,409
Insurance$3,683$460$460$4,603
Office Expenses-$3,993-$3,993
Other Expenses-$600-$600
Total Functional Expenses$483,846$49,129$30,249$563,224
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
No
Business relationship with 35% controlled entity
No
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
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
6177284446
Address
88 BROAD ST, BOSTON, MA 02110

Signing Officer

Name
Kristina Sampson
Title
CFO
Signed
2022-06-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kristina Sampson
Formed
2017
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
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 influence student outcomes data reporting in the postsecondary field so that students, state agencies, and employers can make apples to apples comparisons about program quality. 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.

Form 990, Part IX, Line 11G

Strategy and research 73,483 0 0 other 97,635 0 0 total 171,118 0 0

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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 INFLUENCE STUDENT OUTCOMES DATA REPORTING IN THE POSTSECONDARY FIELD SO THAT STUDENTS, STATE AGENCIES, AND EMPLOYERS CAN MAKE APPLES TO APPLES COMPARISONS ABOUT PROGRAM QUALITY. 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/ExplanationTxt5STRATEGY AND RESEARCH 73,483 0 0 OTHER 97,635 0 0 TOTAL 171,118 0 0
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
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ReturnHeader/PreparerPersonGrp/PreparationDt02022-06-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RHONDA L NEWMAN
ReturnHeader/ReturnTs02022-06-03T11:52:16-05:00
ReturnHeader/ReturnTypeCd0990
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ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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