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Nonprofit · EIN 59-2891462

FOUNDATION FOR THE MALCOLM BALDRIGE NATIONAL QUALITY AWARD INC

Tax-exempt · WASHINGTON, DC 20006

Financials

$1M$1.2M2022$682K$834K2023$602K$717K2024$513K$251K2025
Revenue Expenses · by fiscal year end
Financials of FOUNDATION FOR THE MALCOLM BALDRIGE NATIONAL QUALITY AWARD INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$512,953$251,285$261,668$252,404$993$251,411
September 30, 2025990$602,336$716,557-$114,221$19,208$29,465-$10,257
September 30, 2024990$682,465$834,188-$151,723$125,107$21,143$103,964
September 30, 2023990$1,010,498$1,166,940-$156,442$312,592$56,905$255,687
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$47,270
Program service revenue
$0
Investment income
$369
Other revenue
$465,314

Expenses

Grants and similar amounts paid
$1,900
Compensation of officers, directors and key employees
$69,545
Other salaries and wages
$51,532
Salaries, compensation and benefits (total)
$131,729
Professional fundraising fees
$0
Legal fees
$909
Accounting fees
$3,120
Travel
$7,050
Program services (functional)
$131,856
Management and general (functional)
$59,202
Fundraising (functional)
$60,227

Balance sheet and other

Total assets, start of year
$19,208
Total assets, end of year
$252,404
Total liabilities, end of year
$993
Net assets, end of year
$251,411
Net assets without donor restrictions
$251,411
Gross receipts
$512,953
Employees
4
Year formed
1988
State of legal domicile
DE

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
JOSH RACETTEPRESIDENT &
Trustee or director, Officer
40$69,545
GEORGE BENSONPAST CHAIR
Trustee or director
3$0
DIANE BROCKMEIERVICE CHAIRMA
Trustee or director, Officer
3$0
KATHRYN EGGLESTONCHAIRMAN
Trustee or director, Officer
3$0
FRANK FUSCOTREASURER
Trustee or director, Officer
3$0
KEVIN LEESECRETARY
Trustee or director, Officer
3$0
S PADMANABHANDIRECTOR
Trustee or director
3$0
JOHN RAFFOULDIRECTOR
Trustee or director
3$0
TONY SCOTTDIRECTOR
Trustee or director
3$0
DAVID SPONGDIRECTOR
Trustee or director
3$0
RULON STACEYDIRECTOR
Trustee or director
3$0
990 for the year ended September 30, 2025: 13 people
NameTitleHours / weekCompensation
JOSH RACETTEPRESIDENT &
Trustee or director, Officer
40$125,307
AL FABERRETIRED PRES
Trustee or director, Officer
40$65,932
GEORGE BENSONPAST CHAIR
Trustee or director
3$0
RUSS BRANZELLSECRETARY
Trustee or director, Officer
3$0
DIANE BROCKMEIERVICE CHAIRMA
Trustee or director, Officer
3$0
KATHRYN EGGLESTONCHAIRMAN
Trustee or director, Officer
3$0
FRANK FUSCOTREASURER
Trustee or director, Officer
3$0
KEVIN LEEDIRECTOR
Trustee or director
3$0
S PADMANABHANDIRECTOR
Trustee or director
3$0
JOHN RAFFOULDIRECTOR
Trustee or director
3$0
TONY SCOTTDIRECTOR
Trustee or director
3$0
DAVID SPONGDIRECTOR
Trustee or director
3$0
RULON STACEYDIRECTOR
Trustee or director
3$0
990 for the year ended September 30, 2024: 13 people
NameTitleHours / weekCompensation
AL FABERPRESIDENT &
Trustee or director, Officer
40$131,864
JOSH RACETTEDIRECTOR COR
Highest-paid employee
40$107,614
GEORGE BENSONDIRECTOR
Trustee or director
3$0
RUSS BRANZELLSECRETARY
Trustee or director, Officer
3$0
DIANE BROCKMEIERVICE - CHAIR
Trustee or director, Officer
3$0
KATHRYN EGGLESTONCHAIRMAN
Trustee or director, Officer
3$0
FRANK FUSCOTREASURER
Trustee or director, Officer
3$0
DAVID GIFFORDDIRECTOR
Trustee or director
3$0
LOWELL KRUSEDIRECTOR
Trustee or director
3$0
S PADMANABHANDIRECTOR
Trustee or director
3$0
JOHN RAFFOULDIRECTOR
Trustee or director
3$0
TONY SCOTTDIRECTOR
Trustee or director
3$0
DAVID SPONGDIRECTOR
Trustee or director
3$0
990 for the year ended September 30, 2023: 16 people
NameTitleHours / weekCompensation
AL FABERPRESIDENT &
Trustee or director, Officer
40$186,728
JOSH RACETTEDIRECTOR COR
Highest-paid employee
40$128,253
JERRY REESCOO
Highest-paid employee
40$117,676
GEORGE BENSONDIRECTOR
Trustee or director
3$0
RUSS BRANZELLSECRETARY
Trustee or director, Officer
3$0
DIANE BROCKMEIERVICE - CHAIR
Trustee or director, Officer
3$0
KATHRYN EGGLESTONCHAIRMAN
Trustee or director, Officer
3$0
FRANK FUSCOTREASURER
Trustee or director, Officer
3$0
DAVID GIFFORDDIRECTOR
Trustee or director
3$0
LOWELL KRUSEDIRECTOR
Trustee or director
3$0
SCOTT MCINTYREDIRECTOR
Trustee or director
3$0
KAREN MORRISONDIRECTOR
Trustee or director
3$0
S PADMANABHANDIRECTOR
Trustee or director
3$0
JOHN RAFFOULDIRECTOR
Trustee or director
3$0
TONY SCOTTDIRECTOR
Trustee or director
3$0
DAVID SPONGDIRECTOR
Trustee or director
3$0

Address and contacts

Address (IRS master file)
1717 PENNSYLVANIA AVENUE NORTHWEST, WASHINGTON, DC 20006-4614
In care of
% FRANK FUSCO
Principal officer (990 for 2025)
FRANK FUSCO, 1717 PENNSYLVANIA AVE NW STE 1025, WASHINGTON, DC 20006
Signed the 990
FRANK FUSCO, TREASURER
Phone
(202) 559-9195
Return prepared by
WAVERLY BUSINESS SERVICES

Mission

TO ENSURE THE LONG-TERM FINANCIAL GROWTH AND VIABILITY OF THE BALDRIGE PERFORMANCE EXCELLENCE PROGRAM, AND TO SUPPORT ORGANIZATIONAL PERFORMANCE EXCELLENCE IN THE UNITED STATES AND THROUGHOUT THE WORLD.

990 for the year ended December 31, 2025

Program accomplishments

  • FORM 990 - SUPPLEMENTAL INFORMATION (REFLECTING FY2024 ACCOMPLISHMENTS AND FY2025 DIRECTION) AMERICA IS AT A DEFINING MOMENT. GLOBAL COMPETITION, WORKFORCE DISRUPTION, COMMUNITY NEEDS, AND ECONOMIC UNCERTAINTY DEMAND LEADERS AND ORGANIZATIONS CAPABLE OF SUSTAINED EXCELLENCE, RESILIENCE, AND RESULTS. IN FY2024, THE BALDRIGE FOUNDATION ADVANCED ITS MISSION WITH URGENCY AND CLARITY, PROMOTING PERFORMANCE EXCELLENCE, STRENGTHENING THE BALDRIGE ECOSYSTEM, EXPANDING ACCESS TO LEADERSHIP AND ORGANIZATIONAL DEVELOPMENT RESOURCES, AND LAYING THE GROUNDWORK FOR THE NEXT ERA OF THE MALCOLM BALDRIGE NATIONAL QUALITY AWARD PROGRAM. OUR OBJECTIVE IS SIMPLE AND ESSENTIAL: TO HELP BUILD STRONGER ORGANIZATIONS, STRONGER COMMUNITIES, AND A STRONGER NATION. I. MISSION AND PUBLIC BENEFIT THE BALDRIGE FOUNDATION'S MISSION IS TO SUPPORT THE MALCOLM BALDRIGE NATIONAL QUALITY AWARD PROGRAM AND TO ADVANCE ORGANIZATIONAL PERFORMANCE EXCELLENCE IN THE UNITED STATES AND AROUND THE WORLD. IN FY2024, THE FOUNDATION, THROUGH ITS INSTITUTE FOR PERFORMANCE EXCELLENCE, FULFILLED THIS MISSION BY EXPANDING NATIONAL ACCESS TO BALDRIGE-BASED TOOLS, RESEARCH, EDUCATION, COLLABORATION, AND LEADERSHIP DEVELOPMENT OPPORTUNITIES THAT BENEFIT THE PUBLIC THROUGH: -IMPROVED ORGANIZATIONAL PERFORMANCE AND ACCOUNTABILITY -HEALTHIER COMMUNITIES AND CROSS-SECTOR COLLABORATION -BETTER OUTCOMES IN EDUCATION, HEALTHCARE, BUSINESS, NONPROFIT, AND GOVERNMENT SECTORS -A MORE RESILIENT AND COMPETITIVE WORKFORCE AND ECONOMY THE PUBLIC BENEFITS WHEN ORGANIZATIONS ARE WELL-LED, WELL-MANAGED, AND COMMITTED TO CONTINUOUS IMPROVEMENT. BY PROMOTING EXCELLENCE THROUGH THE BALDRIGE FRAMEWORK, THE FOUNDATION HELPS STRENGTHEN THE SYSTEMS THAT SUPPORT AMERICAN COMPETITIVENESS, CITIZEN WELL-BEING, AND LONG-TERM ECONOMIC STRENGTH. THE BALDRIGE FRAMEWORK REMAINS THE NATION'S MOST RECOGNIZED AND PROVEN MODEL FOR LEADERSHIP, STRATEGY, INNOVATION, OPERATIONS, AND RESULTS. II. NATIONAL ALIGNMENT AND THE BALDRIGE TRANSITION THROUGHOUT FY2024, THE FOUNDATION CONTINUED WORKING IN CLOSE COLLABORATION WITH THE U.S. DEPARTMENT OF COMMERCE AND THE NATIONAL INSTITUTE OF STANDARDS AND TECHNOLOGY (NIST) FOLLOWING THEIR MULTI-YEAR "REIMAGINATION" INITIATIVE. WHILE THE OPERATIONAL TRANSITION OF CERTAIN BALDRIGE PROGRAM FUNCTIONS IS ANTICIPATED IN FY2025, THE FOUNDATION DID NOT ASSUME THOSE RESPONSIBILITIES IN FY2024. INSTEAD, ITS ROLE FOCUSED ON: -SUPPORTING COMMUNICATION, CONTINUITY, AND OUTREACH -PARTICIPATING IN PLANNING AND COORDINATION CONVERSATIONS WITH STAKEHOLDERS -ENGAGING LEADERS THROUGHOUT THE BALDRIGE COMMUNITY -PREPARING THE ECOSYSTEM FOR A SMOOTH FY2025 TRANSITION THE FOUNDATION'S FY2024 EMPHASIS WAS PREPARATORY, COLLABORATIVE, AND STRATEGIC - HELPING LAY ESSENTIAL GROUNDWORK FOR THE BALDRIGE ENTERPRISE TO GROW ITS REACH, MODERNIZE ITS DELIVERY SYSTEMS, AND SCALE NATIONAL ENGAGEMENT IN FY2025 AND BEYOND. III. FY2024 PROGRAM ACCOMPLISHMENTS AND MISSION ADVANCEMENT 1. INSTITUTE FOR PERFORMANCE EXCELLENCE THE BALDRIGE FOUNDATION INSTITUTE FOR PERFORMANCE EXCELLENCE EXPANDED ITS ROLE AS A NATIONAL RESOURCE HUB FOR LEADERSHIP DEVELOPMENT, EXECUTIVE EDUCATION, ORGANIZATIONAL TRAINING, BENCHMARKING, AND RESEARCH. IN FY2024, THE INSTITUTE: -DELIVERED ONLINE COURSES, CERTIFICATION PROGRAMS, BEST-PRACTICE TOOLS, WEBINARS, AND PROFESSIONAL DEVELOPMENT -EXPANDED ACCESS TO SELF-PACED LEARNING AND BALDRIGE-ALIGNED LEADERSHIP CONTENT -BUILT MOMENTUM TOWARD MEMBERSHIP-BASED LEARNING COMMUNITIES -CONTINUED WORK TOWARD FUTURE BENCHMARKING, ASSESSMENT, AND ORGANIZATIONAL LEARNING SUPPORTS THESE ACTIVITIES STRENGTHENED THE FOUNDATION'S PUBLIC BENEFIT BY HELPING LEADERS AND ORGANIZATIONS APPLY PROVEN SYSTEMS TO IMPROVE STRATEGY EXECUTION, WORKFORCE ENGAGEMENT, CUSTOMER VALUE, OPERATIONAL PERFORMANCE, AND RESULTS. 2. NATIONAL LEADERSHIP AND ADVISORY COUNCILS (NLAC) IN FY2024, THE FOUNDATION ADVANCED PLANNING FOR NATIONAL LEADERSHIP AND ADVISORY COUNCILS, A NATIONWIDE SYSTEM OF SECTOR-BASED LEADERSHIP NETWORKS DESIGNED TO FOSTER PEER LEARNING, SHARED IMPROVEMENT, AND CROSS-SECTOR COLLABORATION. FY2024 ACTIVITIES FOCUSED ON: -STRUCTURE, CURRICULUM, AND ENGAGEMENT DESIGN -EXECUTIVE CHAIR DEVELOPMENT AND ONBOARDING FRAMEWORK -NATIONAL SCALING AND SECTOR SEQUENCING FOR FY2025 AND BEYOND 3. QUEST FOR EXCELLENCE - SUPPORT ROLE THE FOUNDATION SUPPORTED NIST AND BALDRIGE PROGRAM STAKEHOLDERS IN FY2024 BY ASSISTING IN COMMUNICATION, ENGAGEMENT, AND CONTINUITY CONNECTED TO THE QUEST FOR EXCELLENCE CONFERENCE. THE FOUNDATION DID NOT HOLD OPERATIONAL RESPONSIBILITY FOR QUEST IN FY2024; HOWEVER, WE HAVE LAID THE GROUNDWORK FOR FY2025 IN ANTICIPATION OF TAKING OVER THIS PROGRAM. 4. COMMUNITY AS THE 7TH SECTOR THE FOUNDATION CHAMPIONED THE NEWLY RECOGNIZED COMMUNITY SECTOR OF THE BALDRIGE AWARD, EXPANDING BALDRIGE IMPACT TO COMMUNITY COALITIONS FOCUSED ON CROSS-SECTOR RESULTS IN ECONOMIC VITALITY, HEALTH, WORKFORCE, AND QUALITY OF LIFE. 5. ADVOCACY AND GOVERNMENT ENGAGEMENT THE FOUNDATION CONTINUED SUSTAINED OUTREACH TO CONGRESS, PARTICULARLY THE COMMERCE, JUSTICE, SCIENCE (CJS) APPROPRIATIONS SUBCOMMITTEES, TO COMMUNICATE THE NATIONAL VALUE OF BALDRIGE AND REINFORCE BIPARTISAN SUPPORT. THE FOUNDATION ALSO CONTINUED ITS LONGSTANDING PRACTICE OF RECOGNIZING STATE-LEVEL AWARD RECIPIENTS AND CORRESPONDING WITH CONGRESSIONAL DELEGATIONS TO RAISE AWARENESS OF EXCELLENCE WITHIN THEIR STATES. 6. PHILANTHROPY AND THE MAC BALDRIGE SOCIETY FY2024 PHILANTHROPY INCLUDED SUPPORT FROM INDIVIDUAL DONORS, CORPORATE PARTNERS, INSTITUTE MEMBERS, AND MAC BALDRIGE SOCIETY CONTRIBUTORS. THESE INVESTMENTS HELP SUSTAIN EDUCATIONAL PROGRAMMING, ADVOCACY, LEADERSHIP DEVELOPMENT, AND PUBLIC-BENEFIT INITIATIVES ALIGNED WITH THE BALDRIGE MISSION. IV. THANKING OUR COMMUNITY WE EXTEND OUR DEEPEST APPRECIATION TO THE MANY PEOPLE AND ORGANIZATIONS THAT MAKE OUR MISSION POSSIBLE, INCLUDING OUR VOLUNTEERS, STRATEGIC PARTNERS, DONORS, INSTITUTE MEMBERS, MAC BALDRIGE SOCIETY SUPPORTERS, STATE-LEVEL COLLABORATORS, AND COMMUNITY CHAMPIONS ACROSS THE BALDRIGE ECOSYSTEM. YOUR BELIEF IN THIS WORK, AND IN US, STRENGTHENS OUR RESOLVE, EXPANDS OUR IMPACT, AND ENCOURAGES OUR TEAM EVERY DAY. WE ARE GRATEFUL FOR YOUR TRUST, GENEROSITY, AND PARTNERSHIP. TOGETHER, WE ARE BUILDING SOMETHING THAT MATTERS, FOR OUR COMMUNITIES, OUR WORKFORCE, AND OUR COUNTRY. V. STEWARDSHIP, ACCOUNTABILITY, AND RESPONSIBLE LEADERSHIP IN FY2024, THE FOUNDATION CONTINUED ITS COMMITMENT TO ETHICAL STEWARDSHIP, FINANCIAL ACCOUNTABILITY, DONOR TRANSPARENCY, AND MISSION-ALIGNED INVESTMENT. RESOURCES WERE CAREFULLY DIRECTED TOWARD PROGRAMS AND INITIATIVES SUCH AS THE INSTITUTE FOR PERFORMANCE EXCELLENCE, WHICH INCREASE PUBLIC BENEFIT, EXPAND ACCESS, AND ADVANCE EXCELLENCE ACROSS ALL SECTORS OF THE U.S. ECONOMY. VI. LOOKING AHEAD - A NATIONAL MOVEMENT FOR EXCELLENCE AS WE MOVE INTO FY2025, THE FOUNDATION REMAINS COMMITTED TO SUPPORTING A SMOOTH TRANSITION OF CERTAIN PROGRAM FUNCTIONS, EXPANDING ACCESS TO BALDRIGE-BASED EDUCATION AND TOOLS, AND STRENGTHENING THE SYSTEMS THAT SUPPORT AMERICA'S COMPETITIVENESS AND COMMUNITY RESILIENCE. OUR FOCUS REMAINS ON: -STRENGTHENING ORGANIZATIONS -DEVELOPING LEADERS AND THE WORKFORCE -ELEVATING COMMUNITY WELL-BEING -IMPROVING NATIONAL COMPETITIVENESS AND RESILIENCE EXCELLENCE MUST NOT BE THE EXCEPTION; IT MUST BE THE EXPECTATION. THE BALDRIGE FOUNDATION WILL CONTINUE ADVANCING A NATIONAL MOVEMENT THAT HELPS ORGANIZATIONS, COMMUNITIES, AND THE NATION THRIVE.
    Expenses $131,856 · grants $1,900

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025Check at the IRS
2023December 31, 2023May 15, 2024Check at the IRS

IRS record

EIN
59-2891462
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1988
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$252,404
Income (IRS master file)
$512,953

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$512,953$251,285$252,404XML
990September 2025$602,336$716,557$19,208XML
990September 2024$682,465$834,188$125,107XML
990September 2023$1,010,498$1,166,940$312,592XML
990September 2022$1,443,625$1,734,371$418,162IRS
990September 2021–––IRS
990September 2020–––IRS
990September 2019–––IRS
990September 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 59-2891462).

Questions about FOUNDATION FOR THE MALCOLM BALDRIGE NATIONAL QUALITY AWARD INC

What is the EIN of FOUNDATION FOR THE MALCOLM BALDRIGE NATIONAL QUALITY AWARD INC?
The employer identification number (EIN) of FOUNDATION FOR THE MALCOLM BALDRIGE NATIONAL QUALITY AWARD INC is 59-2891462.
Is FOUNDATION FOR THE MALCOLM BALDRIGE NATIONAL QUALITY AWARD INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1988.
Are donations to FOUNDATION FOR THE MALCOLM BALDRIGE NATIONAL QUALITY AWARD INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FOUNDATION FOR THE MALCOLM BALDRIGE NATIONAL QUALITY AWARD INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of FOUNDATION FOR THE MALCOLM BALDRIGE NATIONAL QUALITY AWARD INC due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FOUNDATION FOR THE MALCOLM BALDRIGE NATIONAL QUALITY AWARD INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of FOUNDATION FOR THE MALCOLM BALDRIGE NATIONAL QUALITY AWARD INC?
The 990 for the year ended December 31, 2025 names FRANK FUSCO.
Who are the officers and directors of FOUNDATION FOR THE MALCOLM BALDRIGE NATIONAL QUALITY AWARD INC?
The 990 for the year ended December 31, 2025 lists 11 people; 1 received compensation from the organization, the highest $69,545 (JOSH RACETTE, PRESIDENT &).
How much revenue does FOUNDATION FOR THE MALCOLM BALDRIGE NATIONAL QUALITY AWARD INC have?
On its 990 for the year ended December 31, 2025 it reported revenue of $512,953, expenses of $251,285 and total assets of $252,404 at year end.

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