Quelab
Nonprofit profile at a glance
- EIN
- 454407795
- IRS 990-EZ coverage
- 2015–2024
- Forms available
- Form 990-EZ 2024
- Location
- Albuquerque, NM, USA
- Phone
- 5057504522
- Rating
- 46
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Adult, Continuing Education
Reported finances
- Revenue
- $106,066
- Expenses
- $183,410
- Assets
- $190,698
- Liabilities
- $100,000
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- P Adric Menning (President and Board Member)
People named in this filing
- Rebecca Snyder (Board Chair Woman)
- P Adric Menning (President and Board Member)
- William P Kriegh (Board member, Secretary Treasurer)
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
Provide workshops, classrooms and community roms for makers, tinkerers and builders of thing to explore and expand their creative ideas. Over 85 members use the space during all hours of day and night
What it reported doing in 2024
Provide workshops, classrooms and community rooms for makers, tinkerers and builders of thing to explore and expand their creative ideas. Over 120 members use the space during all hours of day and night.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up and revenue has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 4
- Transparency & Controls: 100
- Sustainability: 27
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 5.2%; rating input score 5
- Program expense ratio: 3%; rating input score 3
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -72.9%; rating input score 1; 1st percentile among comparable filings
- Total-asset coverage ratio: 1.04; rating input score 61; 61st percentile among comparable filings
- Liabilities to assets ratio: 0.52; rating input score 10; 10th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: -11.8% per year; rating input score 0; 13th percentile among comparable filings
- Revenue growth: 8.1% per year; rating input score 100; 60th percentile among comparable filings
- Asset growth: 32.2% per year; rating input score 100; 89th percentile among comparable filings
Details
- Where the money goes: 5.2% of revenue deployed · 3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $5K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 4 filed schedules
- Filing history: 9 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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 — Financial Efficiency: Mission deployment rate scored 5/100.
- High — Financial Efficiency: Program expense ratio scored 3/100.
- High — Sustainability: Operating margin scored 1/100.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 10/100.