Institute For Quality Education Inc

Organization Overview

Institute For Quality Education Inc is located in Indianapolis, IN. The organization was established in 1991. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2021, Institute For Quality Education Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Quality Education Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Institute For Quality Education Inc generated $12.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $10.6m during the year ending 06/2021. While expenses have increased by 5.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Institute For Quality Education Inc has awarded 1,159 individual grants totaling $74,096,139. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE TUITION ASSISTANCE TO LOW-INCOME FAMILIES FOR PRIMARY AND SECONDARY EDUCATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCHOLARSHIP GRANTING ORGANIZATION, WHICH IS CERTIFIED BY THE INDIANA DEPARTMENT OF EDUCATION, GRANTS SCHOOL SCHOLARSHIPS TO CHILDREN TO ASSIST IN TUITION AND FEES. FOR THE YEAR ENDED 6/30/2021 4,189 STUDENTS RECIEVED SCHOLARSHIPS.


IN ADDITION TO PROVIDING TUITION ASSISTANCE TO LOW INCOME FAMILIES THE ORGANIZATION SERVES WORKS WITH OVER 85% OF THE CHARTER SCHOOLS IN THE STATE BY CONVENING AND LEADING THE INDIANA CHARTER SCHOOL NETWORK.


THE ORGANIZATION WORKS TO DEVELOP, ADVOCATE AND IMPLEMENT K-12 EDUCATION POLICIES AT THE STATE LEVEL TO HELP SUPPORT EDUCATIONAL FREEDOM FOR ALL HOOSIER FAMILIES AND EDUCATORS. THE ORGANIZATION WORKS TO ENGAGE FAMILIES, EDUCATORS, COMMUNITY LEADERS CITIZENS AND POLICY MAKERS IN THE IMPORTANCE OF ACCESS TO A HIGH QUALITY EDUCATION FOR ALL OF INDIANA'S STUDENTS SO THEY EACH MAY LEARN IN AN ENVIRONMENT THAT BEST MEETS THEIR UNIQUE LEARNING NEEDS AND ALLOWS THEM THE OPPORTUNITY TO REACH THEIR FULL POTENTIAL.


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Board, Officers & Key Employees

Name (title)Compensation
Betsy Wiley
President
$136,000
Al Hubbard
Chairman
$0
Dan Elsener
Board Member
$0
Heather Willey
Board Member
$0
Robert Enlow
Board Member
$0
Neil Pickett
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$80,000
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$11,918,135
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$11,998,135
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $12,000
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $12,010,135

Grants Awarded

Over the last fiscal year, Institute For Quality Education Inc has awarded $8,909,437 in support to 113 organizations.

Grant RecipientAmount

PROVIDENCE CRISTO REY HIGH SCHOOL

Org PageRecipient Profile

Indianapolis, IN

PURPOSE: EDUCATION

$750,000

CATHEDRAL HIGH SCHOOL

Org PageRecipient Profile

Indianapolis, IN

PURPOSE: EDUCATION

$748,648

PARK TUDOR SCHOOL

Org PageRecipient Profile

Indianapolis, IN

PURPOSE: EDUCATION

$616,986

BISHOP CHATARD HIGH SCHOOL

Org PageRecipient Profile

Indianapolis, IN

PURPOSE: EDUCATION

$520,583

SOUTH BEND HEBREW DAY SCHOOL

Org PageRecipient Profile

South Bend, IN

PURPOSE: EDUCATION

$452,519

SAINT THEODORE GUERIN CATHOLIC HS

PURPOSE: EDUCATION

$448,252
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 17 grants that Institute For Quality Education Inc has recieved totaling $4,560,396.

Awarding OrganizationAmount
$2,360,696
Campaign For Great Public Schools

Beaverton, OR

PURPOSE: OPERATING SUPPORT

$405,000
American Federation For Children Growth Fund Inc

Columbia, MD

PURPOSE: EDUCATIONAL CHOICE EFFORTS IN IN

$405,000
Walton Family Foundation Inc

Bentonville, AR

PURPOSE: TO SUPPORT POLICY ADVOCACY AND BROAD COMMUNICATIONS EFFORTS IN INDIANA.

$350,000
The Mind Trust Inc

Indianapolis, IN

PURPOSE: SEE ATTACHED

$250,000
Richard M Fairbanks Foundation Inc

Indianapolis, IN

PURPOSE: GENERAL OPERATING SUPPORT

$200,000
View Grant Recipient Profile

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