The Quarter-Century Society Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 136125540 ✦ Memphis, TN ✦ Designated as a 501(c)(4)

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Overview

What is The Quarter-Century Society Inc?

The Quarter-Century Society Inc, located in Memphis, Tennessee, is a nonprofit organization that offers financial assistance to eligible members and their dependents in times of medical emergencies or unexpected financial hardships. In 2022, the society distributed grants to 52 individuals, including active members, retired members, and dependents of deceased members. The primary mission of this organization is to provide quick and confidential financial aid to members or their surviving dependents who are facing financial difficulties due to insufficient or non-existent insurance coverage and high medical expenses. The grants are distributed through various chapters within the organization.


Official website here: www.ipqcs.com

Is The Quarter-Century Society Inc legitimate?

The Quarter-Century Society Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. The Quarter-Century Society Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $75,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.ipqcs.com

What is the mission statement of The Quarter-Century Society Inc?

The Quarter-Century Society Inc has a mission to provide financial aid swiftly and discreetly to eligible individuals who are members or dependents of deceased members, experiencing financial hardship or emergencies. This aid is intended to cover medical expenses where insurance coverage is insufficient or non-existent, and supplemental payments are necessary to manage unexpected bills and low income. Grants are distributed through various chapters, with a total of 52 grants given out in 2022, benefiting active members, retired members, and eligible dependents equally.


Official website here: www.ipqcs.com

Who is the CEO of The Quarter-Century Society Inc?

Michael Gorski is the Executive Director/Treasur of The Quarter-Century Society Inc.


Official website here: www.ipqcs.com

What is the revenue of The Quarter-Century Society Inc?

The Quarter-Century Society Inc's revenue in 2022 was $330,215.


Official website here: www.ipqcs.com

Who are the executives of The Quarter-Century Society Inc and what are their salaries?

There 120 volunteers at The Quarter-Century Society Inc.


Here are 13 key members and their salaries:


Michael A Gorski (Executive Director/Treasur)
  • Compensation: $37,500
  • Related: $0
  • Other: $0
William A Wilson (Executive Director Ex)
  • Compensation: $37,500
  • Related: $0
  • Other: $0
Edward Barr (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jack Joseph (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Purdy Jr (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Fortin (Assistant Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christa Allen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeanie Dowdle (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Douglas Camp (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cheryl Rollins (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kirt Cuevas (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shelley Carr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sharon Ryan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.ipqcs.com

Where can I find the form 990 for The Quarter-Century Society Inc?

The Quarter-Century Society Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.ipqcs.com

Learn more at the official website: www.ipqcs.com

Mission Statement of The Quarter-Century Society Inc

The Quarter-Century Society Inc is an organization dedicated to offering financial aid to eligible individuals who are facing unexpected medical expenses or emergencies. The society's purpose is to provide swift and confidential financial assistance to members, retired members, or their surviving dependent families who are in dire need of financial support. The grants distributed by the society help bridge the gap where insurance coverage is insufficient or non-existent, thus alleviating the financial burden caused by high medical bills and low income. The aid provided by The Quarter-Century Society Inc plays a crucial role in helping these individuals make ends meet during their time of need. Grants are distributed through various chapters, with a total of 52 grants being awarded in 2022, benefiting active members, retired members, and eligible dependent families alike.

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Impact




October, 2024

The Quarter-Century Society Inc significantly alleviates financial hardship for active, retired, and separated members, as well as their eligible dependents, by providing essential support for medical expenses when insurance coverage is insufficient or nonexistent. This organization responds to urgent financial needs, enabling members to navigate unexpected medical bills or low-income situations without the added stress of financial insecurity.

In 2022 alone, the Society facilitated 52 grants, providing crucial assistance to eight active members, 40 retired members, and four eligible dependents of deceased members. This swift and confidential financial aid not only assists individuals in immediate need but also fosters a sense of community support among members. By focusing on mutual benefit, The Quarter-Century Society Inc creates a safety net that empowers its members to overcome misfortunes and emergencies, ultimately enhancing their quality of life during challenging times.




This information is meant to be a general summary of The Quarter-Century Society Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$330,215 (2022)
Expenses
$180,796 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $325,853
  • Gross Receipts: $498,533

Assets and Liabilities:

  • Total Assets: $5,143,754
  • Total Liabilities: $14,331
  • Net Assets: $5,129,423

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Organization Details

Founding Year

1923

Principal Officer

Michael Gorski

Main Address

6400 POPLAR AVE, MEMPHIS, TN, 381970100

NTEE Category

Code: Y40 - Mutual benefit

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