Society of Quality Assurance Learning Foundation
Nonprofit profile at a glance
- EIN
- 463472774
- IRS 990-EZ coverage
- 2018–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2017
- Location
- Charlottesville, VA, USA
- Phone
- 4342974772
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Community Improvement, Capacity Building N.E.C.
Reported finances
- Revenue
- $147,568
- Expenses
- $141,291
- Assets
- $380,146
- Liabilities
- $6,468
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- JOSEPH FRANCHETTI (PRESIDENT)
People named in this filing
- JOSEPH FRANCHETTI (PRESIDENT)
- LORI WRIGHT (VICE PRESIDE)
- TRACY HENTHORN (SECRETARY)
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
Through education, the sqa learning foundation promotes quality in life science and environmental research, with a vision of a world of safe and effective biologics, chemicals, drugs, and medical devices for humans, animals, and the environment. The foundation funds educational offerings in conjunction with sqa, including online training courses, webinars, and outreach regarding quality, integrity, and safety in science.
What it reported doing in 2024
The foundation has established a distinguished speaker program that identifies and recognizes the top-rated sqa speakers each year. Individuals who are invited to join the inventory are experts on a wide variety of qa topics and have demonstrated their skill in presenting to audiences in a meaningful and engaging way. In 2024, the foundation identified 58 distinguished speakers. The sqa learning foundation also offers a variety of member or complimentary webinars to qa professionals, the management of which are covered under this budget.
Operating model
- Revenue model
- Earned-program. 90% of the money available for current operations came from fees and other program revenue.
- 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 81
- Transparency & Controls: 82
- Sustainability: 59
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 77.3%; rating input score 77
- Program expense ratio: 88.3%; rating input score 88
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 4.3%; rating input score 46; 46th percentile among comparable filings
- Total-asset coverage ratio: 2.69; rating input score 87; 87th percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 38; 38th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 19.7% per year; rating input score 100; 76th percentile among comparable filings
- Revenue growth: 7.6% per year; rating input score 100; 59th percentile among comparable filings
- Asset growth: 25% per year; rating input score 100; 85th percentile among comparable filings
Details
- Where the money goes: 77.3% of revenue deployed · 88.3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 4 filed program accomplishments · $125K in reported program spending
- Leadership: top reported pay $0 · 14 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 6 filing years from 2018 to 2024
- Contacts: How to reach this organization
- 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.
- Moderate — Sustainability: Operating margin scored 46/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 38/100.