Overview
What is American Society For Quality Inc?
The American Society for Quality Inc, based in Milwaukee, Wisconsin, is a leading not-for-profit organization dedicated to promoting quality practices and performance excellence. With a team of 129 individuals, ASQ strives to make a significant impact on the world through various activities, including the development of quality tools, training, and knowledge resources. Their mission is to empower individuals, communities, and organizations globally to achieve excellence by embracing quality principles. ASQ supports this objective through thought leadership, training, and a range of publications and events tailored to quality practitioners. Their ultimate goal is to increase the use and value of quality in response to the diverse needs of the world.
Official website here: www.asq.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% - Three-Star out of Four Star Rating
The American Society For Quality Inc has received an 87% score from Charity Navigator, reflecting a solid Three-Star rating. This score is based entirely on their accountability and finance practices, showing a commitment to transparency and responsible financial management. The organization has an independent board of members, which enhances its governance structure and accountability.
Strengths noted in the evaluation include a fully independent board, comprehensive financial audits, and effective policies regarding conflicts of interest and whistleblower protections. The organization has also demonstrated efficient management of its assets, with a sound liabilities to assets ratio, indicating stability. Furthermore, the high percentage of program expenses shows that a significant portion of resources is directed towards its mission-related activities.
However, the organization received a lower score in the program expense ratio, suggesting that while it allocates a good amount towards its mission, there is room for improvement in maximizing those funds for programmatic purposes. Overall, the American Society For Quality Inc demonstrates strong accountability and governance practices, although it may benefit from enhancing its programmatic spending efficiency.
This AI summary has been generated from information found on Charity Navigator.
Is American Society For Quality Inc legitimate?
American Society For Quality Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Society For Quality 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: $1,395,455
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,542,232
For more financial information, click here
Official website here: www.asq.org
What is the mission statement of American Society For Quality Inc?
The American Society for Quality Inc (ASQ) is a non-profit organization dedicated to increasing the use and impact of quality around the world. ASQ empowers individuals, communities, and organizations to achieve excellence through quality. By providing thought leadership, training, and knowledge resources, ASQ supports the pursuit of quality practices and performance excellence. Their activities include the development of quality tools, training, publications, and conferences and forums for quality practitioners.
Official website here: www.asq.org
Who is the CEO of American Society For Quality Inc?
Siddhartha Bhatnagar is the Chair of American Society For Quality Inc. The CEO's salary of American Society For Quality Inc is $268,545 and their total compensation is $306,784.
Official website here: www.asq.org
What is the revenue of American Society For Quality Inc?
American Society For Quality Inc's revenue in 2022 was $23,411,564.
Official website here: www.asq.org
Who are the executives of American Society For Quality Inc and what are their salaries?
The average compensation at American Society For Quality Inc during 2022 was $77,036. There are 129 employees and 3000 volunteers at American Society For Quality Inc.
Here are 29 key members and their salaries (American Society For Quality Inc's CEO's salary is $268,545 and their total compensation is $306,784):
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- Compensation: $495,733
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- Compensation: $268,545
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- Compensation: $141,766
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- Other: $17,698
- Compensation: $136,788
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- Other: $17,793
Official website here: www.asq.org
Where can I find the form 990 for American Society For Quality Inc?
American Society For Quality Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.asq.org
Learn more at the official website: www.asq.org
Mission Statement of American Society For Quality Inc
The American Society for Quality Inc, a renowned not-for-profit organization, is dedicated to advancing quality practices and promoting performance excellence across the globe. With a mission to increase the use and impact of quality in response to the diverse needs of the world, ASQ empowers individuals, communities, and organizations to achieve excellence.
ASQ supports this mission by providing thought leadership, training, and knowledge resources for quality practitioners. Through developing quality tools, training sessions, publications, and hosting conferences and forums, ASQ fosters a community of quality experts committed to continuous improvement. The organization's activities aim to create a ripple effect, inspiring individuals and organizations to apply quality principles in their respective fields, ultimately enhancing overall global performance.
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Impact
October, 2024
American Society for Quality Inc (ASQ) actively enhances the use and impact of quality practices across diverse sectors globally. Through its commitment to thought leadership, ASQ provides essential training and knowledge resources designed to support individuals striving for performance excellence.
ASQ's initiatives include the development of quality tools, comprehensive training programs, and the dissemination of publications tailored for quality practitioners. Additionally, the organization hosts conferences and forums that foster collaboration and exchange of ideas among professionals in the field. By empowering individuals, communities, and organizations, ASQ drives significant improvements in quality, ultimately contributing to better outcomes across various industries and professions.
This information is meant to be a general summary of American Society For Quality 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $883,187
- Program Service Revenue: $22,067,301
- Gross Receipts: $32,059,778
Assets and Liabilities:
- Total Assets: $48,690,919
- Total Liabilities: $23,165,797
- Net Assets: $25,525,122
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$6,952,197
TRAINING
Revenue
$5,607,642
SHARED SERVICES
Revenue
$5,183,044
CONFERENCES
Revenue
$1,834,396
ROYALTIES AND LICENSING
Revenue
$1,347,052
Organization Details
Founding Year
1946
Phone
(414) 272-8575Principal Officer
Siddhartha Bhatnagar
Main Address
600 N PLANKINTON AVENUE, MILWAUKEE, WI, 53203
Website
www.asq.orgNTEE Category
Code: S030 - Community improvement
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