Nonprofit · EIN 35-1836687
INSTITUTE FOR QUALITY EDUCATION INC
Tax-exempt · INDIANAPOLIS, IN 46204
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $14,632,100 | $15,610,907 | -$978,807 | $18,094,792 | $385,316 | $17,709,476 |
| June 30, 2024 | 990 | $16,377,935 | $12,271,438 | $4,106,497 | $19,175,308 | $487,025 | $18,688,283 |
| June 30, 2023 | 990 | $14,528,950 | $13,392,508 | $1,136,442 | $14,940,461 | $358,675 | $14,581,786 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $14,577,033
- Program service revenue
- $0
- Investment income
- $43,067
- Net rental income
- $12,000
- Other revenue
- $12,000
Expenses
- Grants and similar amounts paid
- $12,790,273
- Compensation of officers, directors and key employees
- $149,042
- Other salaries and wages
- $975,006
- Salaries, compensation and benefits (total)
- $1,124,048
- Professional fundraising fees
- $0
- Accounting fees
- $52,683
- Occupancy
- $102,656
- Travel
- $38,078
- Depreciation
- $20,000
- Program services (functional)
- $15,139,476
- Management and general (functional)
- $421,288
- Fundraising (functional)
- $50,143
Balance sheet and other
- Total assets, start of year
- $19,175,308
- Total assets, end of year
- $18,094,792
- Total liabilities, end of year
- $385,316
- Net assets, end of year
- $17,709,476
- Land, buildings and equipment
- $31,667
- Net assets without donor restrictions
- $3,943,849
- Net assets with donor restrictions
- $13,765,627
- Gross receipts
- $14,632,100
- Employees
- 11
- Volunteers
- 7
- Year formed
- 1991
- State of legal domicile
- IN
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BETSY WILEY | PRESIDENT Officer | 24 | $136,500 | $73,500 | $13,234 |
| AL HUBBARD | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DAN ELSENER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT ENLOW | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| HEATHER WILLEY HARRIS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| NEIL PICKETT | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JEFF KNIGHT | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SCOTT BESS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BETSY WILEY | PRESIDENT Officer | 24 | $156,163 | $84,088 | $12,889 |
| AL HUBBARD | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DAN ELSENER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT ENLOW | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| HEATHER WILLEY HARRIS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| NEIL PICKETT | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JEFF KNIGHT | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SCOTT BESS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 8 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BETSY WILEY | PRESIDENT Officer | 24 | $168,000 | $42,000 | $12,860 |
| AL HUBBARD | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DAN ELSENER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT ENLOW | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| HEATHER WILLEY HARRIS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| NEIL PICKETT | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JEFF KNIGHT | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SCOTT BESS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 101 W OHIO ST STE 700, INDIANAPOLIS, IN 46204-1973
- In care of
- % JOHN M WHELAN
- Principal officer (990 for 2024)
- BETSY WILEY, 101 W OHIO ST SUITE 700, INDIANAPOLIS, IN 46204
- Signed the 990
- BETSY WILEY, PRESIDENT
- Phone
- (317) 951-8781
- Website
- WWW.I4QED.ORG
- Return prepared by
- KSM BUSINESS SERVICES INC
Mission
THE ORGANIZATION PROVIDES TUITION ASSISTANCE TO LOW-INCOME STUDENTS, SERVES AS A MODEL FOR RESEARCH AND LEGISLATION, AND ENCOURAGES ALL SCHOOLS TO IMPROVE BY INTRODUCING COMPETITION INTO THE SYSTEM. THE ORGANIZATION CONDUCTS RESEARCH AND ANALYSIS ABOUT THE PRIMARY (K-12) EDUCATIONAL SYSTEM IN INDIANA INCLUDING BUT NOT LIMITED TO SCHOOL CHOICE AS IT EXISTS IN MANY FORMS THROUGHOUT THE UNITED STATES AND ELSEWHERE; AND EDUCATES THE GENERAL PUBLIC AND, IN PARTICULAR, INDIANA RESIDENTS ABOUT THE PRIMARY (K-12) EDUCATIONAL SYSTEM IN INDIANA AND THEIR EDUCATIONAL OPTIONS.
Program accomplishments
- 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 6/30/2025, 6,224 STUDENTS RECIEVED SCHOLARSHIPS.Expenses $15,139,476 · grants $12,790,273
- 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 EDUCATE 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.
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 35-1836687
- 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
- 1991
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B99Z)
- Assets (IRS master file)
- $18,094,792
- Income (IRS master file)
- $14,632,100
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $14,632,100 | $15,610,907 | $18,094,792 | IRS |
| 990 | June 2024 | $16,377,935 | $12,271,438 | $19,175,308 | IRS |
| 990 | June 2023 | $14,528,950 | $13,392,508 | $14,940,461 | XML |
| 990 | June 2022 | $14,892,886 | $13,517,083 | $13,566,646 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 35-1836687).
Questions about INSTITUTE FOR QUALITY EDUCATION INC
- What is the EIN of INSTITUTE FOR QUALITY EDUCATION INC?
- The employer identification number (EIN) of INSTITUTE FOR QUALITY EDUCATION INC is 35-1836687.
- Is INSTITUTE FOR QUALITY EDUCATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to INSTITUTE FOR QUALITY EDUCATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INSTITUTE FOR QUALITY EDUCATION 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 INSTITUTE FOR QUALITY EDUCATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INSTITUTE FOR QUALITY EDUCATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of INSTITUTE FOR QUALITY EDUCATION INC?
- The 990 for the year ended June 30, 2025 names BETSY WILEY.
- Who are the officers and directors of INSTITUTE FOR QUALITY EDUCATION INC?
- The 990 for the year ended June 30, 2025 lists 8 people; 1 received compensation from the organization, the highest $136,500 (BETSY WILEY, PRESIDENT).
- How much revenue does INSTITUTE FOR QUALITY EDUCATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $14,632,100, expenses of $15,610,907 and total assets of $18,094,792 at year end.
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