THE QUILT INC

EIN: 030444166 501(c)(3) Education

SEATTLE, WA

Total Revenue
$1,028,942
Total Expenses
$941,420
Total Assets
$1,298,606
Net Assets
$1,227,823
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
DC
Principal Officer
JENNIFER LEASURE
Phone
2064033188
Tax Period
2023-01-01 to 2023-12-31

THE QUILT INC, founded in 2000, is a community nonprofit in the Education sector that reported $1.0M in total revenue in fiscal year 2023. Expenses of $941K left a modest 9% surplus.

Mission

THE QUILT IS THE NATIONAL COALITION OF NON-PROFIT U.S. REGIONAL RESEARCH AND EDUCATION NETWORKS REPRESENTING 43 NETWORKS ACROSS THE COUNTRY. MEMBERS OF THE QUILT PROVIDE ADVANCED NETWORK SERVICES AND APPLICATIONS TO OVER 900 UNIVERSITIES AND 80,000+ OTHER EDUCATIONAL AND COMMUNITY ANCHOR INSTITUTIONS ACROSS THE COUNTRY. THROUGH THE COLLABORATIVE FORUM OF THE QUILT, MEMBER ORGANIZATIONS HAVE ACCESS TO A BROADER SET OF EXPERTISE AND KNOWLEDGE THAN ANY SINGLE ORGANIZATION WORKING ON ITS OWN. ONLY THROUGH WORKING TOGETHER DO WE COLLECTIVELY ADVANCE OUR COMMON PUBLIC SERVICE MISSION.

Program Service Accomplishments

Program 1
Expenses: $783,981 Revenue: $928,343

FACILITATED ONGOING MEMBER ENGAGEMENT THROUGH IN-PERSON AND VIRTUAL FORUMS, INCLUDING MEETINGS, WORKING GROUPS, WEBINARS, AND WORKSHOPS TO EXCHANGE IDEAS, SHARE BEST PRACTICES, AND EXPLORE INNOVATIVE...

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FACILITATED ONGOING MEMBER ENGAGEMENT THROUGH IN-PERSON AND VIRTUAL FORUMS, INCLUDING MEETINGS, WORKING GROUPS, WEBINARS, AND WORKSHOPS TO EXCHANGE IDEAS, SHARE BEST PRACTICES, AND EXPLORE INNOVATIVE PROGRAMS SUPPORTING OUR MISSIONS. KEY TOPICS INCLUDED DIGITAL INCLUSION, NETWORK RESEARCH, AND PROMOTING AI ADOPTION IN RESEARCH AND EDUCATION. AWARDED SCHOLARSHIPS TO 12 INDIVIDUALS FROM MEMBER STAFF TO PARTICIPATE IN AN INDUSTRY-LEADING IT LEADERSHIP DEVELOPMENT PROGRAM, ADVANCING OUR GOAL OF FOSTERING FUTURE LEADERSHIP. ACTIVELY PURSUED FEDERAL BROADBAND INFRASTRUCTURE GRANTS TO ALIGN WITH R&E NETWORK MISSIONS. SECURED AN NSF GRANT TO HOST A CAMPUS CYBERINFRASTRUCTURE PRINCIPAL INVESTIGATOR WORKSHOP.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $74,487
Program Service Revenue $928,343
Investment Income $26,112
Other Revenue $0
TOTAL REVENUE $1,028,942

Expense Breakdown

Grants Paid $0
Salaries & Benefits $432,217
Fundraising Expenses $0
Program Expenses $783,981
Other Expenses $509,203
TOTAL EXPENSES $941,420

Year-over-Year Comparison

2023 2022 Change
Revenue $1,028,942 $984,446 +0.0%
Expenses $941,420 $983,075 0.0%
Net Income $87,522 $1,371 +62.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
40
Independent Members
40
Employees
3
Volunteers
40

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$218,021
Total Directors
40
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEREK MASSETH CHAIR 1.00
Officer Director
$0 $0 $0
ELON TURNER VICE CHAIR 1.00
Officer Director
$0 $0 $0
RYAN KOCSONDY SECRETARY 1.00
Officer Director
$0 $0 $0
LONNIE LEGER TREASURER 1.00
Officer Director
$0 $0 $0
STEVE CORBATO DIRECTOR 1.00
Director
$0 $0 $0
PANKAJ SHAH DIRECTOR 1.00
Director
$0 $0 $0
JERRY WALDRON DIRECTOR 1.00
Director
$0 $0 $0
CHRIS CROOK DIRECTOR 1.00
Director
$0 $0 $0
CHIP BYERS DIRECTOR 1.00
Director
$0 $0 $0
BRIAN PIETREWICZ DIRECTOR 1.00
Director
$0 $0 $0
SAM CONN DIRECTOR 1.00
Director
$0 $0 $0
CAS D'ANGELO DIRECTOR 1.00
Director
$0 $0 $0
TRACY DOAKS DIRECTOR 1.00
Director
$0 $0 $0
MICKEY SLIMP DIRECTOR 1.00
Director
$0 $0 $0
NATHAN FLOOD DIRECTOR 1.00
Director
$0 $0 $0
LOUIS FOX DIRECTOR 1.00
Director
$0 $0 $0
DOYLE FRISKNEY DIRECTOR 1.00
Director
$0 $0 $0
KEN GOODWIN DIRECTOR 1.00
Director
$0 $0 $0
LOUIS HAMMOND DIRECTOR 1.00
Director
$0 $0 $0
STEVE LEE DIRECTOR 1.00
Director
$0 $0 $0
DAVE JENT DIRECTOR 1.00
Director
$0 $0 $0
JEANNE CASARES DIRECTOR 1.00
Director
$0 $0 $0
KERRY MOBLEY DIRECTOR 1.00
Director
$0 $0 $0
JEFF LETOURNEAU DIRECTOR 1.00
Director
$0 $0 $0
JOE MAMBRETTI DIRECTOR 1.00
Director
$0 $0 $0
DAVID MARBLE DIRECTOR 1.00
Director
$0 $0 $0
ANDY BINDER DIRECTOR 1.00
Director
$0 $0 $0
MARLA MEEHL DIRECTOR 1.00
Director
$0 $0 $0
AMY PHILIPSON DIRECTOR 1.00
Director
$0 $0 $0
STEVE WHITE DIRECTOR 1.00
Director
$0 $0 $0
BRIAN REMER DIRECTOR 1.00
Director
$0 $0 $0
JOHN HENNESSEY DIRECTOR 1.00
Director
$0 $0 $0
ROGER BLAKE DIRECTOR 1.00
Director
$0 $0 $0
BRIAN MILLER DIRECTOR 1.00
Director
$0 $0 $0
MARK SILIS DIRECTOR 1.00
Director
$0 $0 $0
TRIPTI SINHA DIRECTOR 1.00
Director
$0 $0 $0
JIM STEWART DIRECTOR 1.00
Director
$0 $0 $0
JON ELLIS DIRECTOR 1.00
Director
$0 $0 $0
ROBIN WOODSOME DIRECTOR 1.00
Director
$0 $0 $0
SCOTTY STRACHAN DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER LEASURE PRESIDENT 45.00
Officer
$218,021 $0 $218,021
JENNIFER GRIFFIN PROGRAM DIRECTOR 45.00
Highest
$109,266 $0 $109,266
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,028,942 $941,420 $1,298,606 $87,522
2022 $984,446 $983,075 $1,234,212 $1,371
2021 $814,176 $692,719 $1,217,717 $121,457
2020 $806,036 $618,024 $1,084,568 $188,012
2019 $896,933 $734,551 $909,562 $162,382
2018 $778,855 $740,547 $753,234 $38,308
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