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Nonprofit · EIN 43-1503820

QUALITY PRODUCTS INC

Tax-exempt · NEVADA, MO 64772

Financials

$478K$476K2023$376K$420K2024
Revenue Expenses · by fiscal year end
Financials of QUALITY PRODUCTS INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$375,767$420,150-$44,383$912,830$504,618$408,212
December 31, 2023990$478,002$476,011$1,991$968,423$522,088$446,335
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$149,565
of which government grants
$136,881
Program service revenue
$0
Investment income
$440
Net rental income
$5,544
Net income from sales of inventory
$219,996
Other revenue
$225,762

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$261,171
Salaries, compensation and benefits (total)
$281,142
Professional fundraising fees
$0
Legal fees
$7,000
Accounting fees
$4,845
Occupancy
$33,727
Travel
$580
Depreciation
$34,765
Program services (functional)
$347,132
Management and general (functional)
$73,018

Balance sheet and other

Total assets, start of year
$968,423
Total assets, end of year
$912,830
Total liabilities, end of year
$504,618
Net assets, end of year
$408,212
Land, buildings and equipment
$764,043
Gross receipts
$382,886
Employees
27
Year formed
1988
State of legal domicile
MO

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, 2024, highest compensation first.

NameTitleHours / weekCompensation
KATHY MODLINBOARD MEMBER
Trustee or director
0$0
DAVID HEUMADERBOARD MEMBER
Trustee or director
0$0
BONNIE FRANKLINBOARD MEMEBER
Trustee or director
0$0
CLEM MCFARLANDBOARD MEMEBER
Trustee or director
0$0
BLAKE HERTZBERGBOARD MEMBER
Trustee or director
0$0
JANE TORONTOWBOARD MEMBER
Trustee or director
0$0
VIC WOLFPRESIDENT
Officer
3$0
LINDA MOOREVICE PRESIDENT
Officer
2$0
KENDALL VICKERSSECRETARY
Officer
3$0
KATIE SANDERSONTREASURER
Officer
3$0
990 for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
KENDALL VICKERSSECRETARY
Officer
3$0
KATIE SANDERSONTREASURER
Officer
3$0
VIC WOLFPRESIDENT
Officer
3$0
LINDA MOOREVICE PRESIDENT
Officer
2$0

Address and contacts

Address (IRS master file)
3100 INDUSTRIAL PKWY, NEVADA, MO 64772-4901
In care of
% VIC WOLF
Signed the 990
VIC WOLF, PRESIDENT
Phone
(417) 667-8944
Return prepared by
JCG CPA PC

Mission

TO ESTABLISH,OPERATE, ADMINISTER A SHELTERED WORKSHOP FOR HANDICAPPED ADULTS

990 for the year ended December 31, 2024

Program accomplishments

  • TO ESTABLISH, OPERATE & ADMINISTER A SHELTERED WORKSHOP FOR APPROXIMATELY 20 HANDICAPPED ADULTS. THESE EMPLOYEES BOX, ASSEMBLE & PACKAGE VARIOUS PRODUCTS FOR LOCAL INDUSTRIES.
    Expenses $347,132

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, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
43-1503820
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
1989
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$912,830
Income (IRS master file)
$382,886

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$375,767$420,150$912,830XML
990December 2023$478,002$476,011$968,423XML
990December 2022$514,131$481,773$987,419IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 43-1503820).

Questions about QUALITY PRODUCTS INC

What is the EIN of QUALITY PRODUCTS INC?
The employer identification number (EIN) of QUALITY PRODUCTS INC is 43-1503820.
Is QUALITY PRODUCTS INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
Are donations to QUALITY PRODUCTS INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does QUALITY PRODUCTS 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 QUALITY PRODUCTS INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did QUALITY PRODUCTS INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who are the officers and directors of QUALITY PRODUCTS INC?
The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
How much revenue does QUALITY PRODUCTS INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $375,767, expenses of $420,150 and total assets of $912,830 at year end.

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