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Education : Scholarship and Financial Support (Grantmaking)

Institute for Quality Education

Tuition Assistance to Low-Income Students

three stars

86.56

101 West Ohio Street Suite 700
Indianapolis, IN 46204
tel: (317) 870-2532   Web Site
EIN: 35-1836687

Board Leadership
Al Hubbard
Chairman

CEO
Betsy Wiley
President, CEO

  Score
(out of 100)
Rating
Overall Score & Rating 86.56 three stars
  Financial 100.00 four stars
  Accountability & Transparency 81.00 three stars
This rating was published 12/23/2020 and includes data from FY2019, the most recent 990 received at that time.

Institute for Quality Education 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 educational system in Indiana.

Institute for Quality Education 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 educational system in Indiana.

Financial

four stars

100.00

Accountability & Transparency

three stars

81.00

This rating was published 12/23/2020 and includes data from FY2019, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
93.2%
  Administrative Expenses 6.4%
  Fundraising Expenses 0.3%
  Fundraising Efficiency < $0.01
  Working Capital Ratio (years) 1.10
  Program Expenses Growth 12.7%
  Liabilities to Assets 0.2%
All data for Financial Performance Metrics calculations was provided by Institute for Quality Education on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Institute for Quality Education on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Institute for Quality Education (IN) 86.56 three stars
National Medical Fellowships (NY) 88.55 three stars
Catholic Schools Foundation (MA) 94.40 four stars
Step Up For Students (FL) 96.66 four stars
Columbus Citizens Foundation (NY) 87.24 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $11,156,754
   Federated Campaigns $0
   Membership Dues $73,750
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $11,230,504
   Program Service Revenue $0
Total Primary Revenue $11,230,504
   Other Revenue $11,000
TOTAL REVENUE $11,241,504
   
EXPENSES  
   Program Expenses $10,301,346
   Administrative Expenses $595,256
   Fundraising Expenses $43,613
TOTAL FUNCTIONAL EXPENSES $10,940,215
   
Payments to Affiliates $0
Excess (or Deficit) for the year $301,289
   
Net Assets $11,439,953

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Scholarships $9,304,573 90.3%
K-12 Education Policies $879,506 8.5%
Charter School Support $117,267 1.1%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2019-06 12/23/2020 86.56 three stars
2018-06 08/01/2019 86.56 three stars
2017-06 09/01/2018 86.44 three stars
2016-06 12/22/2017 86.56 three stars
2015-06 12/01/2016 86.56 three stars
2014-06 06/01/2016 86.56 three stars
 
CN 2.0
2014-06 11/01/2015 86.41 three stars
2013-06 04/01/2015 84.28 three stars
2012-06 02/01/2014 84.23 three stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 35-1836687
Name in IRS Master File INSTITUTE FOR QUALITY EDUCATION INC
NTEE Code B99
NTEE Classification Education N.E.C.
NTEE Type Educational Institutions and Related Activities
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (40) Scholarships (other)
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date November, 1991
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End June
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • June, 2018
  • June, 2017
  • June, 2016
  • June, 2015
  • June, 2014
Compensation % of Expenses Paid to Title Compensation from Affiliates
$142,080 1.29% Betsy Wiley President $35,520

Highly Rated

Charity Name & State Overall Score Overall Rating
Institute for Quality Education (IN) 86.56 three stars
Futures in Education (NY) 86.19 three stars
North Carolina Agricultural Foundation (NC) 95.05 four stars
Sentinels of Freedom Scholarship Foundation (CA) 85.81 three stars
Burger King McLamore Foundation (FL) 89.26 three stars

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Charity Contact Info

Institute for Quality Education
101 West Ohio Street
Suite 700
Indianapolis, IN 46204
tel: (317) 870-2532
EIN: 35-1836687

Visit Web Site

Board Leadership

Al Hubbard
Chairman

CEO

Betsy Wiley
President, CEO

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