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Education : Scholarship and Financial Support (Grantmaking)

Institute for Quality Education

Tuition Assistance to Low-Income Students

three stars

86.44

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

Board Leadership
Fred S. Klipsch
Founder and Chairman

CEO
Betsy Wiley
President, CEO

  Score
(out of 100)
Rating
Overall Score & Rating 86.44 three stars
  Financial 97.50 four stars
  Accountability & Transparency 81.00 three stars
This rating was published 09/01/2018 and includes data from FY2017, 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

97.50

Accountability & Transparency

three stars

81.00

This rating was published 09/01/2018 and includes data from FY2017, 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)
91.0%
  Administrative Expenses 8.2%
  Fundraising Expenses 0.6%
  Fundraising Efficiency < $0.01
  Working Capital Ratio (years) 1.22
  Program Expenses Growth 12.3%
  Liabilities to Assets 0.5%
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) 86.44 three stars
Columbus Citizens Foundation (NY) 85.20 three stars
UNCF (DC) 92.00 four stars
Woodrow Wilson National Fellowship Foundation (NJ) 90.73 four stars
10,000 Degrees (CA) 90.25 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $10,572,950
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $10,572,950
   Program Service Revenue $100,000
Total Primary Revenue $10,672,950
   Other Revenue $10,501
TOTAL REVENUE $10,683,451
   
EXPENSES  
   Program Expenses $8,369,725
   Administrative Expenses $697,552
   Fundraising Expenses $23,331
TOTAL FUNCTIONAL EXPENSES $9,090,608
   
Payments to Affiliates $0
Excess (or Deficit) for the year $1,592,843
   
Net Assets $9,796,198

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 $8,369,725 100.0%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
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, 2017
  • June, 2016
  • June, 2015
  • June, 2014
  • June, 2013

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

Compensation % of Expenses Paid to Title
$97,920 1.07% Betsy Wiley President, CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
Institute for Quality Education (IN) 86.44 three stars
Student Sponsor Partners (NY) 91.16 four stars
Pardes Institute of Jewish Studies, North America (NY) 90.17 four stars
Jewish Tuition Organization (AZ) 86.17 three stars
The Francis Ouimet Scholarship Fund (MA) 87.21 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

Fred S. Klipsch
Founder and Chairman

CEO

Betsy Wiley
President, CEO

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