South Carolina Quantum
Legal name: South Carolina Quantum Association
Nonprofit profile at a glance
- EIN
- 881303438
- IRS 990 coverage
- 2022–2025
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2025
- Location
- Columbia, SC, United States
- Phone
- 8778295500
- Rating
- 66
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Educational Services and Schools - Other
Reported finances
- Revenue
- $10,068,137
- Expenses
- $11,596,504
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- JOE QUEENAN (EXECUTIVE DIRECTOR)
Highest reported compensation
- JOE QUEENAN (EXECUTIVE DIRECTOR): $609,781 total reported compensation
- HERBERT DRAYTON III (TREASURER): $66,000 total reported compensation
- CURTIS LEE (SECRETARY): $31,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
We advance quantum talent and technology through collaboration, education, and acceleration.
What it reported doing in 2025
Education (curriculum, training and workforce development): the organization collaborated with leading technology partners to use and disseminate their quantum pedagogy in high-school and university classrooms to help build, educate, and support an inclusive quantum-smart workforce. The organization provided high-level online quantum education resource(s) for the public.
Operating model
- Revenue model
- Grant-funded. 97% of the money available for current operations came from government grants.
- Distribution model
- Grant intermediary. The nonprofit sent 87% of its reported program spending out as grants.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 76
- Accountability: 28
- Sustainability: 7
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 89.6%; rating input score 90
- Program expense ratio: 77.5%; rating input score 77
- Fundraising efficiency: $19.02 raised per $1 spent on fundraising; rating input score 53; 53rd percentile among comparable filings
Transparency & Controls
- Consistency checks: 86.7%; rating input score 87; 2nd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 94.1%; rating input score 94; 32nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 3rd percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -15.2%; rating input score 4; 4th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 6.8%; rating input score 44; 44th percentile among comparable filings
Growth
- Program expense growth: 94.5% per year; rating input score 100; 99th percentile among comparable filings
- Revenue growth: 85.8% per year; rating input score 100; 99th percentile among comparable filings
- Asset growth: -4.8% per year; rating input score 0; 2nd percentile among comparable filings
Details
- What they do: 1 operating location identified
- Where the money goes: 89.6% of revenue deployed · 77.5% of spending went to programs
- Governance: 0 of 5 board members independent · 6 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $9M in reported program spending
- Leadership: top reported pay $610K · 6 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 4 contractors listed · $1.3M reported
- Consistency: 32 of 34 current checks pass · 2 findings to review
- Schedules: 8 filed schedules · includes major donors, grants, and executive pay
- Filing history: 4 filing years from 2022 to 2025
- Contacts: How to reach this organization
- Money network: 13 filed money-flow records
- Related organizations: 7 filed related-organization links
- 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 — Accountability: Independent voting board scored 0/100.
- Review — Accountability: Governance controls: 3 of 9 not reported.
- High — Sustainability: Operating margin scored 4/100.
- Review — Financial Efficiency: Fundraising efficiency scored 53/100.
- High — Sustainability: Total-asset coverage ratio scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- Moderate — Sustainability: Officer compensation ratio scored 44/100.