IQM RESEARCH INSTITUTE Charity Report

Public IRS 990 nonprofit record

IQM RESEARCH INSTITUTE

EIN 47-1793768 · General Science (U20)

What they do

PERFORM FUNDAMENTAL and APPLIED RESEARCH IN THE PUBLIC INTEREST for GOVERNMENTAL and EDUCATIONAL INSTITUTIONS and PRIVATE INDUSTRY to ATTRACT HIGH TECHNOLOGY to THE STATE of MICHIGAN.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $62.50 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders12 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

61.97%of revenue went to mission work62.5% of expenses · Program services

$99.16spent for every $100 of revenueRevenue covered expenses this year.

37.18%of revenue went to management and office costs37.5% of expenses

$0.28in assets for every $1 spent this yearSome assets cannot be spent right away.

17.6%of its money came from giftsOther money may come from services or investments.

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Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $333,281 for MELAINE A CORCORAN (VP OF ADVANCE PROGRAMS). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$4,600,511

Mission workProgram services$2,851,10361.97% of revenue62.5% of expenses

ManagementOffice and general costs$1,710,66037.18% of revenue37.5% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$38,7480.84% of revenueShown in gray on the chart

Total expenses$4,561,76399.16% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 62.5% mission · 37.5% management · 0.0% fundraisingTotal expenses: 99.16% of revenue

2023Expense mix: 63.0% mission · 37.0% management · 0.0% fundraisingTotal expenses: 93.48% of revenue

2022Expense mix: 66.2% mission · 33.8% management · 0.0% fundraisingTotal expenses: 94.69% of revenue

2021Expense mix: 64.8% mission · 35.2% management · 0.0% fundraisingTotal expenses: 89.85% of revenue

2020Expense mix: 37.2% mission · 44.2% management · 0.0% fundraisingTotal expenses: 118.35% of revenue

Money in and money out

Revenue$4,600,511

Expenses$4,561,763

Annual surplus $38,748 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$2,851,103 · 62.5% of expenses

Management and office costs$1,710,660 · 37.5% of expenses

See all reported dollar amounts

Revenue$4,600,511

Expenses$4,561,763

Assets$1,280,611

Income$4,600,511

Contributions$810,308

Mission work (program services)$2,851,103

Management and general$1,710,660

Accounting fees$58,064

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

MELAINE A CORCORANVP OF ADVANCE PROGRAMS · 23 hrs/week $333,281Base $304,730 · Other $28,551

MICHAEL DUDZIKPRESIDENT AND CEO · 40 hrs/week $298,636Base $284,415 · Other $14,221

PAOLO SPADAFORAVICE PRESIDENT · 27 hrs/week $270,955Base $241,930 · Other $29,025

JIM MILESCHIEF OPERATING OFFICER · 40 hrs/week $268,109Base $255,342 · Other $12,767

DAVID FLEURYCHIEF FINANCIAL OFFICER · 40 hrs/week $261,053Base $248,322 · Other $12,731

JENNIFER FRYEPROGRAM MANAGER · 40 hrs/week $139,191Base $132,563 · Other $6,628

SCOTT MEEPROGRAM MANAGER · 14 hrs/week $134,787Base $128,369 · Other $6,418

JAMES KIRKRESEARCH SCIENTIST · 25 hrs/week $116,365Base $110,766 · Other $5,599

GERALD BRENNANVP OF LEGAL AFFAIRS · 5 hrs/week $22,175Base $21,119 · Other $1,056

MARIA THOMPSONDIRECTOR $2,000

MICHAEL STONEDIRECTOR $2,000

TERENCE RHOADESDIRECTOR $2,000

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (12)

MELAINE A CORCORANVP OF ADVANCE PROGRAMS

MICHAEL DUDZIKPRESIDENT AND CEO

PAOLO SPADAFORAVICE PRESIDENT

JIM MILESCHIEF OPERATING OFFICER

DAVID FLEURYCHIEF FINANCIAL OFFICER

JENNIFER FRYEPROGRAM MANAGER

SCOTT MEEPROGRAM MANAGER

JAMES KIRKRESEARCH SCIENTIST

GERALD BRENNANVP OF LEGAL AFFAIRS

MARIA THOMPSONDIRECTOR

MICHAEL STONEDIRECTOR

TERENCE RHOADESDIRECTOR

About this charity

Recognized since: January 2017
Location: 24 FRANK LLOYD WRIGHT DR H1200, ANN ARBOR, MI 48105
County: Washtenaw
In care of: DAVID FLEURY
Primary officer: DAVID FLEURY, CFO

How to reach them

WebsiteVisit the charity’s website Phone(810) 224-1717

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: MANER COSTERISAN PC
NTEE classification: General Science (U20)
IRS tax category: General Science