Network For Quality Education Inc
Network For Quality Education Inc reports zero revenue and assets in its latest filing after years of inconsistent financial activity.
EIN: 204046250 · Indianapolis, IN · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $263K |
| Program Spending | 80% |
| Net Assets | $613K |
| Transparency Score | 45/100 |
Is Network For Quality Education Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Network For Quality Education Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Network For Quality Education Inc
Network For Quality Education Inc (EIN: 204046250) is a nonprofit organization based in Indianapolis, IN. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Network For Quality Education Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Network For Quality Education Inc is a small nonprofit, with 6 years of IRS 990 filings on record (2011–2016). Revenue has grown at a compound annual rate of 21.1%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $656K |
| Total Expenses | $263K |
| Surplus / Deficit | +$393K |
| Total Assets | $622K |
| Total Liabilities | $9K |
| Net Assets | $613K |
| Operating Margin | 59.9% |
| Debt-to-Asset Ratio | 1.5% |
| Months of Reserves | 28.4 months |
Financial Health Grade: A
In 2016, Network For Quality Education Inc reported a surplus of $393K with revenue exceeding expenses, holds 28.4 months of operating reserves (strong position), has a debt-to-asset ratio of 1.5% (very low leverage).
Financial Trends
Over 6 years of filings (2011–2016), Network For Quality Education Inc's revenue has grown at a compound annual growth rate (CAGR) of 21.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | +85.7% | +97.2% | +181.6% |
| 2015 | -63.4% | -86.3% | — |
| 2014 | +10.5% | -25.9% | -100.0% |
| 2013 | -33.6% | +36.9% | -70.2% |
| 2012 | +422.2% | +266.4% | +406.4% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Network For Quality Education Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Network For Quality Education Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $393K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is positive for minimizing overhead related to executive pay.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Network For Quality Education Inc's IRS 990 filings:
- Latest filing shows $0 revenue and $0 assets, indicating potential cessation of operations or significant financial distress.
- Highly inconsistent revenue and expense figures across filing periods, suggesting financial instability.
- Operating deficits in multiple years (e.g., 2013 and 2014) where expenses exceeded revenue.
- Unknown NTEE code, which can hinder understanding of its specific programmatic focus.
Strengths
The following positive indicators were identified for Network For Quality Education Inc:
- No officer compensation reported across all filings, indicating efficient use of funds regarding executive pay.
- Periods of significant revenue generation (e.g., $1,315,979 in 2012 and $965,216 in 2014).
Frequently Asked Questions about Network For Quality Education Inc
Is Network For Quality Education Inc a legitimate charity?
Network For Quality Education Inc (EIN: 204046250) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 45/100. It has 6 years of IRS 990 filings on record. 4 red flags identified. 2 strengths noted. Financial health grade: A.
How does Network For Quality Education Inc spend its money?
Network For Quality Education Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Network For Quality Education Inc tax-deductible?
Network For Quality Education Inc is registered as a tax-exempt nonprofit (EIN: 204046250). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Network For Quality Education Inc's spending goes to programs?
Network For Quality Education Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Network For Quality Education Inc located?
Network For Quality Education Inc is headquartered in Indianapolis, Indiana and files with the IRS under EIN 204046250.
How many years of IRS 990 filings does Network For Quality Education Inc have?
Network For Quality Education Inc has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
What caused the sudden drop to zero revenue and assets in the latest filing?
The available IRS 990 data does not provide an explanation for the organization reporting $0 revenue and $0 assets in its most recent filing, following years of significant financial activity. This drastic change warrants further investigation.
Is Network For Quality Education Inc still operational?
Given the latest filing shows $0 revenue and $0 assets, it is unclear from the provided data whether Network For Quality Education Inc is still actively operating or if it has ceased operations. Further inquiry beyond the IRS 990 data would be needed.
How did the organization manage its deficits in 2013 and 2014?
In 2013, expenses ($1,312,179) exceeded revenue ($873,720) by over $438,000. In 2014, expenses ($971,972) also slightly exceeded revenue ($965,216). The filings show assets of $132,669 in 2013 and $0 in 2014, suggesting these deficits were likely covered by drawing down reserves or through other liabilities, though the specific mechanisms are not detailed.
Filing History
IRS 990 filing history for Network For Quality Education Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2016), Network For Quality Education Inc's revenue has grown by 160.1%, moving from $252K to $656K. Total assets increased by 607.5% over the same period, from $88K to $622K. Total functional expenses rose by 0.4%, from $262K to $263K. In its most recent filing year (2016), Network For Quality Education Inc reported a surplus of $393K, with revenue exceeding expenses. The organization holds $9K in liabilities against $622K in assets (debt-to-asset ratio: 1.5%), resulting in net assets of $613K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $656K | $263K | $622K | $9K | — | — |
| 2015 | $353K | $133K | $221K | $1K | — | View 990 |
| 2014 | $965K | $972K | $0 | $0 | — | View 990 |
| 2013 | $874K | $1.3M | $133K | $126K | — | View 990 |
| 2012 | $1.3M | $959K | $445K | $0 | — | View 990 |
| 2011 | $252K | $262K | $88K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $656K, expenses of $263K, and assets of $622K (revenue +85.7% year-over-year).
- 2015: Revenue of $353K, expenses of $133K, and assets of $221K (revenue -63.4% year-over-year).
- 2014: Revenue of $965K, expenses of $972K, and assets of $0 (revenue +10.5% year-over-year).
- 2013: Revenue of $874K, expenses of $1.3M, and assets of $133K (revenue -33.6% year-over-year).
- 2012: Revenue of $1.3M, expenses of $959K, and assets of $445K (revenue +422.2% year-over-year).
- 2011: Revenue of $252K, expenses of $262K, and assets of $88K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Network For Quality Education Inc:
Data Sources and Methodology
This transparency report for Network For Quality Education Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.