Overview
What is The Foundation For The Malcolm Baldrige National Quality Award Inc?
The Foundation for the Malcolm Baldrige National Quality Award Inc., located in Washington D.C., is a dedicated nonprofit organization with a mission to foster organizational performance excellence across the United States and globally. Despite the challenges posed by the COVID-19 pandemic, economic strains, and geopolitical tensions, the foundation has persevered in its mission. In the past year, it has recognized three outstanding organizations as Malcolm Baldrige National Quality Award winners, including MidwayUSA, Charter School of San Diego, and Mid-America Transplant Services. Additionally, the foundation has advocated for the Baldrige Program, state-based programs, and Communities of Excellence 2026 (COE2026) at both national and local levels. The foundation is also working on enhancing the reach and impact of the Baldrige Program through an independent review, aiming to strengthen its relevance in today's business environment.
Official website here: www.baldrigefoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (60%, Two-Star out of Four Stars)
The Foundation for the Malcolm Baldrige National Quality Award has received a Two-Star rating from Charity Navigator, indicating areas where improvement is needed, particularly in financial efficiency. While the organization has a strong accountability structure with 92% independent board members and comprehensive policies in place, its financial metrics, such as a program expense ratio of only 36.02% and a liabilities-to-assets ratio of 18.20%, suggest that a higher portion of funds could be directed towards its mission.
User reviews from Great Nonprofits highlight the positive impact the Foundation has on organizations striving for operational excellence. Many reviewers praise the Foundation for its commitment to promoting quality and efficiency across various sectors, emphasizing the holistic and non-prescriptive nature of the Baldrige Excellence Framework. The Foundation's leadership and support have been commended for assisting state programs and enhancing organizational performance, demonstrating a strong community commitment to continuous improvement.
Despite the positive feedback, the Foundation's financial performance remains a concern according to the rating. The dual nature of the ratings presents a nuanced view of the Foundation's operations—while it is lauded for its mission-driven initiatives and community support, it faces challenges in demonstrating effective financial stewardship, thus indicating a need for strategic improvement in resource allocation.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
What do the Facebook reviews say about The Foundation For The Malcolm Baldrige National Quality Award Inc?
Four reviewers on Facebook have shared their thoughts about The Foundation For The Malcolm Baldrige National Quality Award Inc, though the organization hasn’t yet received an overall rating. Nevertheless, one sentiment shines through clearly: appreciation for the dedicated professionals and volunteers involved.
The positive comment highlights the rewarding experience associated with working alongside competent individuals in the organization. This indicates a strong sense of community and commitment to quality within the foundation.
Overall, the enthusiasm expressed points to a supportive environment where volunteers and leaders are valued, suggesting that the foundation is effectively fulfilling its mission with a focus on quality and collaboration.
This AI summary has been generated from reviews found on Facebook.
Is The Foundation For The Malcolm Baldrige National Quality Award Inc legitimate?
The Foundation For The Malcolm Baldrige National Quality Award Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Foundation For The Malcolm Baldrige National Quality Award 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: $186,728
Professional Fundraising Fees: $0
Other Salaries and Wages: $332,134
For more financial information, click here
Official website here: www.baldrigefoundation.org
What is the mission statement of The Foundation For The Malcolm Baldrige National Quality Award Inc?
The Foundation for the Malcolm Baldrige National Quality Award Inc's mission is primarily focused on ensuring the long-term financial sustainability and growth of the Baldrige Performance Excellence Program. This organization aims to support organizational performance excellence not just in the United States but globally. In the face of various challenges such as the COVID-19 pandemic, economic recession, inflation, and supply chain issues, the foundation continues to advocate for the Baldrige Program. Recently, the foundation initiated a comprehensive review to "reimagine" the Baldrige Program, aiming to enhance its reach, impact, and accessibility. The review is expected to be completed in the first quarter of 2023. The foundation also recognizes organizations that excel in performance excellence annually. In 2022, three organizations were awarded for their exceptional performance in their respective sectors. The foundation continues to strengthen relationships with various government agencies and advocates for the benefits of the Baldrige Program across the nation.
Official website here: www.baldrigefoundation.org
What is the revenue of The Foundation For The Malcolm Baldrige National Quality Award Inc?
The Foundation For The Malcolm Baldrige National Quality Award Inc's revenue in 2023 was $1,010,498.
Official website here: www.baldrigefoundation.org
Who are the executives of The Foundation For The Malcolm Baldrige National Quality Award Inc and what are their salaries?
The average compensation at The Foundation For The Malcolm Baldrige National Quality Award Inc during 2023 was $129,716. There are 4 employees at The Foundation For The Malcolm Baldrige National Quality Award Inc.
Here are 16 key members and their salaries:
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Official website here: www.baldrigefoundation.org
Where can I find the form 990 for The Foundation For The Malcolm Baldrige National Quality Award Inc?
The Foundation For The Malcolm Baldrige National Quality Award Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.baldrigefoundation.org
Learn more at the official website: www.baldrigefoundation.org
Mission Statement of The Foundation For The Malcolm Baldrige National Quality Award Inc
The Foundation for the Malcolm Baldrige National Quality Award Inc's primary mission is to ensure the long-term financial growth and viability of the Baldrige Performance Excellence Program. This nonprofit organization strives to support organizational performance excellence not only in the United States but also globally. In these challenging times, with the COVID-19 pandemic, economic recession, inflation, and strained supply chains, The Foundation continues to work towards its goal, recognizing the importance of adapting strategies and future plans in response to these challenges. The organization also focuses on leveraging American manufacturing and rebalancing the ability to remain self-sufficient in critical areas.
The Foundation's efforts extend beyond financial growth, as it also aims to reinforce the Baldrige Program's impact and accessibility in today's business environment. Recognizing the need to address the most relevant challenges, the organization initiated a comprehensive, independent review to "reimagine" the Baldrige Program. This review aims to enhance the program's ability to advance U.S. competitiveness, addressing the challenges of the current business environment and increasing its impact and accessibility. The Foundation looks forward to the recommendations and implementation strategies once approved by the Department of Commerce.
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Impact
July, 2024
The Foundation For The Malcolm Baldrige National Quality Award Inc has had a significant impact on advancing organizational performance excellence in the United States and globally. Through its advocacy efforts, the Foundation has contributed to strengthening the Baldrige Program, state-based programs, and communities of excellence. By working closely with leaders at various levels, the Foundation has promoted the Baldrige approach to workforce development across different sectors of the economy.
One of the notable achievements of the Foundation is the expansion of the Malcolm Baldrige National Quality Award categories to include "Community," following the signing of the Chips and Science Act of 2022. This expansion allows communities across the U.S. to receive recognition for quality and performance excellence, thereby serving as role models for others to learn and improve from. The Foundation's involvement in promoting and supporting communities of excellence demonstrates its commitment to driving success and innovation using the Baldrige Excellence Framework.
Additionally, the Foundation has been successful in securing increased federal appropriation for the Baldrige Program, showcasing its effective advocacy efforts in government relations. By recognizing individuals and organizations for their outstanding contributions to performance excellence and community improvement, the Foundation continues to inspire others to strive for excellence. Overall, the Foundation's impact can be seen through its dedication to advancing the principles of quality and performance excellence both nationally and internationally.
This information is meant to be a general summary of The Foundation For The Malcolm Baldrige National Quality Award 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 2023.
- Investment Income: $55
- Gross Receipts: $1,035,150
Assets and Liabilities:
- Total Assets: $418,162
- Total Liabilities: $6,033
- Net Assets: $412,129
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Organization Details
Founding Year
1988
Principal Officer
Frank Fusco
Website
www.baldrigefoundation.orgNTEE Category
Code: S40 - Community improvement
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