Overview
What is Innovative Quality Schools?
Innovative Quality Schools is a prominent nonprofit organization based in Hutchinson, Minnesota. Their primary focus is on authorizing charter schools, promoting educational innovation in both Minneapolis/Saint Paul and beyond greater Minnesota. During fiscal year 2023, they authorized thirty-three charter schools, serving over 8,000 students. Aligned with their mission, Innovative Quality Schools granted over $50,000 to support early literacy, educational equity, and innovation within these schools. Driven by values such as innovation, organizational excellence, collaboration, accountability, and equity, they strive to improve the educational landscape in Minnesota.
Official website here: www.iqsmn.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%, Three-Star out of Four Star rating
Innovative Quality Schools has achieved a solid score of 88%, reflecting its commitment to accountability and financial health. The rating is derived entirely from its Accountability & Finance score, showcasing effective management in these areas. The organization excels in board independence, asset management, and the transparency of its financial statements.
The nonprofit has a fully independent board, which is a significant strength, as it helps to ensure impartial decision-making. With a high program expense ratio of 93.80%, it demonstrates a strong focus on its mission and effective allocation of resources towards its programs. The organization also has robust policies in place, such as a conflict of interest policy and well-maintained meeting minutes, contributing to its overall transparency.
However, there are some areas for improvement, particularly concerning its whistleblower policy and document retention practices, both of which are currently missing. Addressing these gaps could further enhance the organization’s accountability framework and strengthen stakeholder trust. Overall, Innovative Quality Schools shows a strong financial footing and a dedication to its mission, but there is room for growth in governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Innovative Quality Schools legitimate?
Innovative Quality Schools is a legitimate nonprofit organization registered as a 501(c)(3) entity. Innovative Quality Schools submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.iqsmn.org
What is the mission statement of Innovative Quality Schools?
Innovative Quality Schools (IQS) is committed to promoting the authorization of charter schools that demonstrate innovation and success in helping students reach their full potential. Their mission is centered around achieving success for all learners by supporting schools engaged in educational innovation. Decisions made by IQS are guided by key values, including a focus on innovation, organizing for educational excellence, collaboration, accountability, and promoting equity, diversity, and inclusion. They encourage taking risks, challenging old processes, and continuous adaptation to drive educational innovation.
Official website here: www.iqsmn.org
Who is the CEO of Innovative Quality Schools?
John Schultz is the Director of Innovative Quality Schools.
Official website here: www.iqsmn.org
What is the revenue of Innovative Quality Schools?
Innovative Quality Schools's revenue in 2023 was $610,219.
Official website here: www.iqsmn.org
Who are the executives of Innovative Quality Schools and what are their salaries?
There 11 volunteers at Innovative Quality Schools.
Here are 10 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.iqsmn.org
Where can I find the form 990 for Innovative Quality Schools?
Innovative Quality Schools's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.iqsmn.org
Learn more at the official website: www.iqsmn.org
Mission Statement of Innovative Quality Schools
Innovative Quality Schools, as an organization, is dedicated to authorizing charter schools that excel in preparing students to reach their full potential. Their mission is centered around fostering educational innovation and achieving success for all learners. This is achieved by evaluating and supporting schools that embrace novel approaches and challenge traditional educational methods. The organization is committed to continuously adapting and improving its performance based on the results of its assessments.
Furthermore, Innovative Quality Schools values collaboration, encouraging an open exchange of ideas, respect for diversity, and a challenge to one's own assumptions. They believe in the power of interdependence and active listening. The organization also holds accountability as a core value, utilizing fair and rigorous procedures to evaluate the schools in their portfolio. By promoting equity, diversity, and inclusion, Innovative Quality Schools supports initiatives that provide equal educational opportunities and strive for a diverse representation within their organization.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Innovative Quality Schools has a significant impact on the education landscape in Minnesota. By authorizing thirty-three charter schools engaged in educational innovation, they are directly impacting over 8,000 students and their families. Through their support of early literacy, educational equity, and innovation grants totaling over $50,000, they are actively working towards preparing students to achieve their full potential. Their values of focusing on innovation, organizing for educational excellence, commitment to collaboration, ensuring accountability, and promoting equity, diversity, and inclusion guide their decisions and actions, further strengthening their impact on the community.
This information is meant to be a general summary of Innovative Quality Schools. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $655
- Program Service Revenue: $609,564
- Gross Receipts: $610,219
Assets and Liabilities:
- Total Assets: $358,447
- Total Liabilities: $29,182
- Net Assets: $329,265
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Authorizer fees
Revenue
$606,539
Organization Details
Founding Year
2010
Phone
(651) 234-0900Principal Officer
John Schultz
Main Address
PO Box 580, Hutchinson, MN, 55350
Website
www.iqsmn.orgNTEE Category
Code: B90 - Education
If you are a representative of Innovative Quality Schools and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.