QUALITY EDUCATION FOR MINORITIES NETWORK

EIN: 521665643 501(c)(3) Education

WASHINGTON, DC

Total Revenue
$2,878,882
Total Expenses
$2,797,296
Total Assets
$2,326,325
Net Assets
$1,227,092
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
DC
Principal Officer
DR MERCY MUGO
Phone
2026591818
Tax Period
2023-07-01 to 2024-06-30

QUALITY EDUCATION FOR MINORITIES NETWORK, founded in 1989, is a community nonprofit in the Education sector that reported $2.9M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

QEM NETWORK SERVES AS A NATIONAL RESOURCE AND CATALYST TO UNITE AND STRENGTHEN EDUCATIONAL OPPORTUNITIES FOR ALL AMERICAN CITIZENS IN SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS (STEM) FIELDS BY ADVANCING QUALITY EDUCATION, DOMESTIC TALENT, AND LEADERSHIP.

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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 $2,861,890
Program Service Revenue $0
Investment Income $16,992
Other Revenue $0
TOTAL REVENUE $2,878,882

Expense Breakdown

Grants Paid $345,351
Salaries & Benefits $1,089,663
Fundraising Expenses $16,712
Program Expenses $2,512,576
Other Expenses $1,362,282
TOTAL EXPENSES $2,797,296

Year-over-Year Comparison

2023 2022 Change
Revenue $2,878,882 $2,617,854 +0.1%
Expenses $2,797,296 $2,137,610 +0.3%
Net Income $81,586 $480,244 -0.8%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
11
Independent Members
11
Employees
24
Volunteers
11

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
3
$396,857
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVIEN BURNETTE CHAIR 1.00
Officer Director
$0 $0 $0
DR CHARLES BEADY JR DIRECTOR 1.00
Director
$0 $0 $0
MR DERIK COFFEY CHAIR 1.00
Director
$0 $0 $0
MR RICHARD COLEMAN II DIRECTOR 1.00
Director
$0 $0 $0
DR LEONARD HAYNES III DIRECTOR 1.00
Director
$0 $0 $0
MS GAIL JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
DR DIANA I MARINEZ DIRECTOR 1.00
Director
$0 $0 $0
DR CYNTHIA OVERTON DIRECTOR 1.00
Director
$0 $0 $0
DR JAMES TURNER DIRECTOR 1.00
Director
$0 $0 $0
ERNEST GREEN DIRECTOR 1.00
Director
$0 $0 $0
DR SHERRIE M B GREEN DIRECTOR 1.00
Director
$0 $0 $0
DR MERCY MUGO EXECUTIVE DIRECTOR 40.00
Officer
$149,820 $17,786 $167,606
DR ERIN LYNCH PRESIDENT 40.00
Officer
$229,251 $0 $229,251
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
2025 No data No data No data No data
2024 $2,878,882 $2,797,296 $2,326,325 $81,586
2023 $2,617,854 $2,137,610 $2,110,196 $480,244
2022 $1,642,803 $1,451,036 $933,625 $191,767
2021 $1,267,758 $1,336,082 $698,640 $-68,324
2020 $1,232,803 $1,247,957 $635,447 $-15,154
2019 $1,521,182 $1,532,322 $768,405 $-11,140
2018 $1,259,427 $1,342,819 $623,473 $-83,392
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