Institute for Quantum Innovation and Impact
Nonprofit profile at a glance
- EIN
- 994175057
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024
- Location
- Cedar Falls, IA, USA
- Phone
- 3194640752
- Rating confidence
- Limited
- Sector
- Economic Development
Reported finances
- Revenue
- $0
- Expenses
- $0
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- Emmalinde Roelofse (President / Executive Director / Co-PI)
Highest reported compensation
- Emmalinde Roelofse (President / Executive Director / Co-PI): $89,075 total reported compensation
- ReShonda Young (Treasurer / Chief Integrity Officer / Co-PI): $56,444 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Qii conducts charitable scientific research to identify and strengthen undervalued innovation capital, making Regenerative Intelligence (RI) economically viable, transferable, and equitable for entrepreneurs, communities, and public institutions. This work is rooted in the M3-Theory Strategic Decision-Making Under Uncertainty doctoral research (Roelofse, 2017), ensuring the structural fidelity of the scientific research protocols in alignment with the expense accounting reported in Part III, Lines 4a-4d.
What it reported doing in 2024
Applied Methodological Research & Initiative Design: Developed and structured M3 Strategic Decision-Making Under Uncertainty (Roelofse, 2017) research initiatives to isolate and map systemic barriers to innovation access, capital formation, and founder pathways. This research establishes the baseline for an Architecture of Integrity designed to prevent extractive economic practice.
Operating model
- Revenue model
- No positive adjusted resources. The filing reports no positive adjusted operating resources.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 53
- Accountability: 82
- Sustainability: NotEnoughData
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 87.5%; rating input score 88; 6th percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 5 of 9 controls in place; rating input score 56
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: Limited
- Liabilities to assets ratio: Limited
- Officer compensation ratio: Limited
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 3 of 3 board members independent · 5 of 9 filing controls reported
- Programs: 4 filed program accomplishments
- Leadership: top reported pay $89K · 3 people listed · 0 of 6 pay-setting controls reported
- Consistency: 40 of 41 current checks pass · 1 finding to review
- Schedules: 4 filed schedules · includes executive pay
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Governance controls: 3 of 8 not reported.
- Moderate — Transparency & Controls: Series filing activity did not reconcile in the filed values.