QCares Foundation Inc
Nonprofit profile at a glance
- EIN
- 932577329
- IRS 990-EZ coverage
- 2023–2024
- Forms available
- Form 990-EZ 2024
- Location
- Burlington, NJ, USA
- Phone
- 6095890420
- Rating confidence
- Limited
- Sector
- Philanthropy, Voluntarism, and Grantmaking Foundations N.E.C.
Reported finances
- Revenue
- $16,467
- Expenses
- $2,000
- Assets
- $40,458
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
People named in this filing
- Kenneth M Ricketts (Trustee)
- Jamara Davis (Trustee)
- Kenicia Ricketts (Trustee)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The QCARES Foundation was established in 2023 by the leadership of QPSI, a major employer in the Burlington-Florence NJ area, to support efforts by customers, employees & management of QPSI within the community. Its mission is to provide access, exposure, essential resources and opportunities tht will enable individuals and communities to achieve equity through foundational support and programming.QCARES is dedicated to empowering underserved communities by providing the tools and resources for equitable progress. Our vision is to be a driving force in creating a more inclusive society. The ongoing challenge begins by supporting our youth. By introducing individuals of all ages to innovative methods and technologies in science, technology, engineering and mathematics (STEM), we aim to bridge the equity gap. The long-term vision is to expand the foundation's reach beyond the QPSI family so that QCARES can inspire and uplift more lives, fostering a brighter and more inclusive future for
What it reported doing in 2024
QCARES mission is to provide access, exposure, essential resources and opportunities tht will enable individuals and communities to achieve equity through foundational support and programming.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
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: 82
- Sustainability: 81
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 87.9%; rating input score 98; 98th percentile among comparable filings
- Total-asset coverage ratio: 20.23; rating input score 96; 96th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -44.9% per year; rating input score 0; 7th percentile among comparable filings
- Asset growth: 43.5% per year; rating input score 100; 95th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 5 of 5 current checks pass
- Schedules: 3 filed schedules
- Filing history: 2 filing years from 2023 to 2024
- 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 — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.