Gratitude to ASQ 501(c)(3) membership association for Certifications as Related Exempt Function Revenue
As of December 2019, ASQ currently operates as a tax-exempt Membership Association, as a 501 (c)(3) entity. Based on the publicly available IRS 990 forms submitted by ASQ, there are two conditions that ASQ must fulfill in order to sustain its status as a Tax Exempt Public Charity:
1. ASQ receives more than 33 1/3% of its income from contributions, membership fees, and gross receipts from activities related to its exempt functions.
2. ASQ receives no more than 33 1/3% of its income from gross investment income and unrelated business taxable income.
Any long-term ASQ member who has attained and renewed their ASQ certifications should appreciate the compounded cost savings available to members, along with the incremental advantages that ASQ certifications potentially provide to quality practitioners. For example, as an ASQ member, I can synchronize my certification renewals for one moderate fixed price every three years. When compared to the price that a non-member must pay to renew each certification individually, the discounts and savings alone offsets the prices of my annual membership dues. For this I am especially grateful. Some ASQ Staff members in particular have been instrumental in their oversight of an efficient and value-enhancing certification renewal process, and I extend my sincere appreciation to her and her dedicated colleagues.
ASQ Certifications have evolved into a stable and constant portfolio, which consistently generates approximately $6M per year in revenues (representing 15% of ASQ's income). ASQ's Certification portfolio also fulfills most of the objectives set out within ASQ's Articles of Incorporation (as referenced in ARTICLE 1 of ASQ's Bylaws, which cannot be revised without a 2/3 majority of a quorum of 2,500 Regular ASQ members).
As a legend for Business Codes:
541800: Advertising and Related Services (Unrelated Business Income)
611600: Other School and Instruction (Related Exempt Function Revenue)
900099: Exempt Activity (Related Exempt Function Revenue)
IRS 990 Revenue Summary