THE FOUNDATION FOR THE MALCOLM BALDRIGE NATIONAL QUALITY AWARD INC

EIN: 592891462 501(c)(3)

WASHINGTON, DC

Total Revenue
$602,336
Total Expenses
$716,557
Total Assets
$19,208
Net Assets
$-10,257
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
DE
Principal Officer
FRANK FUSCO
Phone
2025599195
Tax Period
2024-10-01 to 2025-09-30

THE FOUNDATION FOR THE MALCOLM BALDRIGE NATIONAL QUALITY AWARD INC, founded in 1988, is a small nonprofit that reported $602K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $717K exceeded revenue, resulting in a 19% operating deficit.

Mission

TO ENSURE THE LONG-TERM FINANCIAL GROWTH AND VIABILITY OF THE BALDRIGE PERFORMANCE EXCELLENCE PROGRAM, AND TO SUPPORT ORGANIZATIONAL PERFORMANCE EXCELLENCE IN THE UNITED STATES AND THROUGHOUT THE WORLD.

Program Service Accomplishments

Program 1
Expenses: $289,214

FORM 990 - SUPPLEMENTAL INFORMATION (REFLECTING FY2024 ACCOMPLISHMENTS AND FY2025 DIRECTION) AMERICA IS AT A DEFINING MOMENT. GLOBAL COMPETITION, WORKFORCE DISRUPTION, COMMUNITY NEEDS, AND ECONOMIC...

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FORM 990 - SUPPLEMENTAL INFORMATION (REFLECTING FY2024 ACCOMPLISHMENTS AND FY2025 DIRECTION) AMERICA IS AT A DEFINING MOMENT. GLOBAL COMPETITION, WORKFORCE DISRUPTION, COMMUNITY NEEDS, AND ECONOMIC UNCERTAINTY DEMAND LEADERS AND ORGANIZATIONS CAPABLE OF SUSTAINED EXCELLENCE, RESILIENCE, AND RESULTS. IN FY2024, THE BALDRIGE FOUNDATION ADVANCED ITS MISSION WITH URGENCY AND CLARITY, PROMOTING PERFORMANCE EXCELLENCE, STRENGTHENING THE BALDRIGE ECOSYSTEM, EXPANDING ACCESS TO LEADERSHIP AND ORGANIZATIONAL DEVELOPMENT RESOURCES, AND LAYING THE GROUNDWORK FOR THE NEXT ERA OF THE MALCOLM BALDRIGE NATIONAL QUALITY AWARD PROGRAM. OUR OBJECTIVE IS SIMPLE AND ESSENTIAL: TO HELP BUILD STRONGER ORGANIZATIONS, STRONGER COMMUNITIES, AND A STRONGER NATION. I. MISSION AND PUBLIC BENEFIT THE BALDRIGE FOUNDATION'S MISSION IS TO SUPPORT THE MALCOLM BALDRIGE NATIONAL QUALITY AWARD PROGRAM AND TO ADVANCE ORGANIZATIONAL PERFORMANCE EXCELLENCE IN THE UNITED STATES AND AROUND THE WORLD. IN FY2024, THE FOUNDATION, THROUGH ITS INSTITUTE FOR PERFORMANCE EXCELLENCE, FULFILLED THIS MISSION BY EXPANDING NATIONAL ACCESS TO BALDRIGE-BASED TOOLS, RESEARCH, EDUCATION, COLLABORATION, AND LEADERSHIP DEVELOPMENT OPPORTUNITIES THAT BENEFIT THE PUBLIC THROUGH: -IMPROVED ORGANIZATIONAL PERFORMANCE AND ACCOUNTABILITY -HEALTHIER COMMUNITIES AND CROSS-SECTOR COLLABORATION -BETTER OUTCOMES IN EDUCATION, HEALTHCARE, BUSINESS, NONPROFIT, AND GOVERNMENT SECTORS -A MORE RESILIENT AND COMPETITIVE WORKFORCE AND ECONOMY THE PUBLIC BENEFITS WHEN ORGANIZATIONS ARE WELL-LED, WELL-MANAGED, AND COMMITTED TO CONTINUOUS IMPROVEMENT. BY PROMOTING EXCELLENCE THROUGH THE BALDRIGE FRAMEWORK, THE FOUNDATION HELPS STRENGTHEN THE SYSTEMS THAT SUPPORT AMERICAN COMPETITIVENESS, CITIZEN WELL-BEING, AND LONG-TERM ECONOMIC STRENGTH. THE BALDRIGE FRAMEWORK REMAINS THE NATION'S MOST RECOGNIZED AND PROVEN MODEL FOR LEADERSHIP, STRATEGY, INNOVATION, OPERATIONS, AND RESULTS. II. NATIONAL ALIGNMENT AND THE BALDRIGE TRANSITION THROUGHOUT FY2024, THE FOUNDATION CONTINUED WORKING IN CLOSE COLLABORATION WITH THE U.S. DEPARTMENT OF COMMERCE AND THE NATIONAL INSTITUTE OF STANDARDS AND TECHNOLOGY (NIST) FOLLOWING THEIR MULTI-YEAR "REIMAGINATION" INITIATIVE. WHILE THE OPERATIONAL TRANSITION OF CERTAIN BALDRIGE PROGRAM FUNCTIONS IS ANTICIPATED IN FY2025, THE FOUNDATION DID NOT ASSUME THOSE RESPONSIBILITIES IN FY2024. INSTEAD, ITS ROLE FOCUSED ON: -SUPPORTING COMMUNICATION, CONTINUITY, AND OUTREACH -PARTICIPATING IN PLANNING AND COORDINATION CONVERSATIONS WITH STAKEHOLDERS -ENGAGING LEADERS THROUGHOUT THE BALDRIGE COMMUNITY -PREPARING THE ECOSYSTEM FOR A SMOOTH FY2025 TRANSITION THE FOUNDATION'S FY2024 EMPHASIS WAS PREPARATORY, COLLABORATIVE, AND STRATEGIC - HELPING LAY ESSENTIAL GROUNDWORK FOR THE BALDRIGE ENTERPRISE TO GROW ITS REACH, MODERNIZE ITS DELIVERY SYSTEMS, AND SCALE NATIONAL ENGAGEMENT IN FY2025 AND BEYOND. III. FY2024 PROGRAM ACCOMPLISHMENTS AND MISSION ADVANCEMENT 1. INSTITUTE FOR PERFORMANCE EXCELLENCE THE BALDRIGE FOUNDATION INSTITUTE FOR PERFORMANCE EXCELLENCE EXPANDED ITS ROLE AS A NATIONAL RESOURCE HUB FOR LEADERSHIP DEVELOPMENT, EXECUTIVE EDUCATION, ORGANIZATIONAL TRAINING, BENCHMARKING, AND RESEARCH. IN FY2024, THE INSTITUTE: -DELIVERED ONLINE COURSES, CERTIFICATION PROGRAMS, BEST-PRACTICE TOOLS, WEBINARS, AND PROFESSIONAL DEVELOPMENT -EXPANDED ACCESS TO SELF-PACED LEARNING AND BALDRIGE-ALIGNED LEADERSHIP CONTENT -BUILT MOMENTUM TOWARD MEMBERSHIP-BASED LEARNING COMMUNITIES -CONTINUED WORK TOWARD FUTURE BENCHMARKING, ASSESSMENT, AND ORGANIZATIONAL LEARNING SUPPORTS THESE ACTIVITIES STRENGTHENED THE FOUNDATION'S PUBLIC BENEFIT BY HELPING LEADERS AND ORGANIZATIONS APPLY PROVEN SYSTEMS TO IMPROVE STRATEGY EXECUTION, WORKFORCE ENGAGEMENT, CUSTOMER VALUE, OPERATIONAL PERFORMANCE, AND RESULTS. 2. NATIONAL LEADERSHIP AND ADVISORY COUNCILS (NLAC) IN FY2024, THE FOUNDATION ADVANCED PLANNING FOR NATIONAL LEADERSHIP AND ADVISORY COUNCILS, A NATIONWIDE SYSTEM OF SECTOR-BASED LEADERSHIP NETWORKS DESIGNED TO FOSTER PEER LEARNING, SHARED IMPROVEMENT, AND CROSS-SECTOR COLLABORATION. FY2024 ACTIVITIES FOCUSED ON: -STRUCTURE, CURRICULUM, AND ENGAGEMENT DESIGN -EXECUTIVE CHAIR DEVELOPMENT AND ONBOARDING FRAMEWORK -NATIONAL SCALING AND SECTOR SEQUENCING FOR FY2025 AND BEYOND 3. QUEST FOR EXCELLENCE - SUPPORT ROLE THE FOUNDATION SUPPORTED NIST AND BALDRIGE PROGRAM STAKEHOLDERS IN FY2024 BY ASSISTING IN COMMUNICATION, ENGAGEMENT, AND CONTINUITY CONNECTED TO THE QUEST FOR EXCELLENCE CONFERENCE. THE FOUNDATION DID NOT HOLD OPERATIONAL RESPONSIBILITY FOR QUEST IN FY2024; HOWEVER, WE HAVE LAID THE GROUNDWORK FOR FY2025 IN ANTICIPATION OF TAKING OVER THIS PROGRAM. 4. COMMUNITY AS THE 7TH SECTOR THE FOUNDATION CHAMPIONED THE NEWLY RECOGNIZED COMMUNITY SECTOR OF THE BALDRIGE AWARD, EXPANDING BALDRIGE IMPACT TO COMMUNITY COALITIONS FOCUSED ON CROSS-SECTOR RESULTS IN ECONOMIC VITALITY, HEALTH, WORKFORCE, AND QUALITY OF LIFE. 5. ADVOCACY AND GOVERNMENT ENGAGEMENT THE FOUNDATION CONTINUED SUSTAINED OUTREACH TO CONGRESS, PARTICULARLY THE COMMERCE, JUSTICE, SCIENCE (CJS) APPROPRIATIONS SUBCOMMITTEES, TO COMMUNICATE THE NATIONAL VALUE OF BALDRIGE AND REINFORCE BIPARTISAN SUPPORT. THE FOUNDATION ALSO CONTINUED ITS LONGSTANDING PRACTICE OF RECOGNIZING STATE-LEVEL AWARD RECIPIENTS AND CORRESPONDING WITH CONGRESSIONAL DELEGATIONS TO RAISE AWARENESS OF EXCELLENCE WITHIN THEIR STATES. 6. PHILANTHROPY AND THE MAC BALDRIGE SOCIETY FY2024 PHILANTHROPY INCLUDED SUPPORT FROM INDIVIDUAL DONORS, CORPORATE PARTNERS, INSTITUTE MEMBERS, AND MAC BALDRIGE SOCIETY CONTRIBUTORS. THESE INVESTMENTS HELP SUSTAIN EDUCATIONAL PROGRAMMING, ADVOCACY, LEADERSHIP DEVELOPMENT, AND PUBLIC-BENEFIT INITIATIVES ALIGNED WITH THE BALDRIGE MISSION. IV. THANKING OUR COMMUNITY WE EXTEND OUR DEEPEST APPRECIATION TO THE MANY PEOPLE AND ORGANIZATIONS THAT MAKE OUR MISSION POSSIBLE, INCLUDING OUR VOLUNTEERS, STRATEGIC PARTNERS, DONORS, INSTITUTE MEMBERS, MAC BALDRIGE SOCIETY SUPPORTERS, STATE-LEVEL COLLABORATORS, AND COMMUNITY CHAMPIONS ACROSS THE BALDRIGE ECOSYSTEM. YOUR BELIEF IN THIS WORK, AND IN US, STRENGTHENS OUR RESOLVE, EXPANDS OUR IMPACT, AND ENCOURAGES OUR TEAM EVERY DAY. WE ARE GRATEFUL FOR YOUR TRUST, GENEROSITY, AND PARTNERSHIP. TOGETHER, WE ARE BUILDING SOMETHING THAT MATTERS, FOR OUR COMMUNITIES, OUR WORKFORCE, AND OUR COUNTRY. V. STEWARDSHIP, ACCOUNTABILITY, AND RESPONSIBLE LEADERSHIP IN FY2024, THE FOUNDATION CONTINUED ITS COMMITMENT TO ETHICAL STEWARDSHIP, FINANCIAL ACCOUNTABILITY, DONOR TRANSPARENCY, AND MISSION-ALIGNED INVESTMENT. RESOURCES WERE CAREFULLY DIRECTED TOWARD PROGRAMS AND INITIATIVES SUCH AS THE INSTITUTE FOR PERFORMANCE EXCELLENCE, WHICH INCREASE PUBLIC BENEFIT, EXPAND ACCESS, AND ADVANCE EXCELLENCE ACROSS ALL SECTORS OF THE U.S. ECONOMY. VI. LOOKING AHEAD - A NATIONAL MOVEMENT FOR EXCELLENCE AS WE MOVE INTO FY2025, THE FOUNDATION REMAINS COMMITTED TO SUPPORTING A SMOOTH TRANSITION OF CERTAIN PROGRAM FUNCTIONS, EXPANDING ACCESS TO BALDRIGE-BASED EDUCATION AND TOOLS, AND STRENGTHENING THE SYSTEMS THAT SUPPORT AMERICA'S COMPETITIVENESS AND COMMUNITY RESILIENCE. OUR FOCUS REMAINS ON: -STRENGTHENING ORGANIZATIONS -DEVELOPING LEADERS AND THE WORKFORCE -ELEVATING COMMUNITY WELL-BEING -IMPROVING NATIONAL COMPETITIVENESS AND RESILIENCE EXCELLENCE MUST NOT BE THE EXCEPTION; IT MUST BE THE EXPECTATION. THE BALDRIGE FOUNDATION WILL CONTINUE ADVANCING A NATIONAL MOVEMENT THAT HELPS ORGANIZATIONS, COMMUNITIES, AND THE NATION THRIVE.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $412,938
Program Service Revenue $0
Investment Income $14,196
Other Revenue $175,202
TOTAL REVENUE $602,336

Expense Breakdown

Grants Paid $28,436
Salaries & Benefits $375,454
Fundraising Expenses $219,726
Program Expenses $289,214
Other Expenses $312,667
TOTAL EXPENSES $716,557

Year-over-Year Comparison

2024 2023 Change
Revenue $602,336 $682,465 -0.1%
Expenses $716,557 $834,188 -0.1%
Net Income $-114,221 $-151,723 -0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
13
Independent Members
11
Employees
4
Volunteers
N/A

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
6
$191,239
Total Directors
13
$191,239
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSH RACETTE PRESIDENT & 40.00
Officer Director
$125,307 $0 $125,307
AL FABER RETIRED PRES 40.00
Officer Director
$65,932 $0 $65,932
GEORGE BENSON PAST CHAIR 3.00
Director
$0 $0 $0
RUSS BRANZELL SECRETARY 3.00
Officer Director
$0 $0 $0
DIANE BROCKMEIER VICE CHAIRMA 3.00
Officer Director
$0 $0 $0
KATHRYN EGGLESTON CHAIRMAN 3.00
Officer Director
$0 $0 $0
FRANK FUSCO TREASURER 3.00
Officer Director
$0 $0 $0
KEVIN LEE DIRECTOR 3.00
Director
$0 $0 $0
S PADMANABHAN DIRECTOR 3.00
Director
$0 $0 $0
JOHN RAFFOUL DIRECTOR 3.00
Director
$0 $0 $0
TONY SCOTT DIRECTOR 3.00
Director
$0 $0 $0
DAVID SPONG DIRECTOR 3.00
Director
$0 $0 $0
RULON STACEY DIRECTOR 3.00
Director
$0 $0 $0
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 $512,953 $251,285 $252,404 $261,668
2025 $602,336 $716,557 $19,208 $-114,221
2024 $682,465 $834,188 $125,107 $-151,723
2023 $1,010,498 $1,166,940 $312,592 $-156,442
2022 $1,443,625 $1,734,371 $418,162 $-290,746
2021 $536,089 $1,315,605 $713,833 $-779,516
2020 $1,986,621 $1,288,245 $1,489,217 $698,376
2019 $556,487 $1,687,909 $1,790,469 $-1,131,422
2018 $502,556 $1,505,067 $2,936,589 $-1,002,511
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