Overview
What is Institute For Quality Education Inc?
The Institute For Quality Education Inc, based in Indianapolis, Indiana, is a certified scholarship-granting organization, as recognized by the Indiana Department of Education. With a team of nine dedicated employees, the organization provides tuition assistance to low-income families to help cover primary and secondary education expenses. Their mission goes beyond granting scholarships; they serve as a model for research and legislation, and strive to improve the educational system in Indiana through competition and innovation. The Institute conducts in-depth research and analysis on the primary educational system in Indiana, focusing on school choice and its various forms, and advocates for these options to the general public. The organization's primary goal is to make quality education accessible to all, ensuring that families in need have the opportunity to provide their children with a strong foundation for the future.
Official website here: www.i4qed.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 95% (Four-Star out of Four Stars)
The Institute For Quality Education Inc has earned a commendable Four-Star rating from Charity Navigator, reflecting their high level of accountability and financial transparency. With a perfect score in several categories, including an independent board composition and effective oversight measures, the organization demonstrates strong governance practices that inspire confidence among donors and stakeholders.
Financially, the organization excels with a program expense ratio of 96.27%, indicating that the vast majority of its expenditures directly support its mission. Additionally, the charity maintains a low liabilities-to-assets ratio of 2.40%, showcasing its solid financial health. The fundraising efficiency is impressive as well, with minimal costs incurred for raising funds, thus maximizing the impact of donations.
Despite these strengths, it is worth noting the salary of key personnel, with the president earning $210,000. While this is not uncommon for nonprofits of this scale, potential donors may consider executive compensation when evaluating their contributions. Overall, the Institute For Quality Education Inc is positioned as a trustworthy organization with effective financial management and a clear focus on its educational mission.
This AI summary has been generated from information found on Charity Navigator.
Is Institute For Quality Education Inc legitimate?
Institute For Quality Education Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Institute For Quality Education Inc 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: $167,014
Professional Fundraising Fees: $0
Other Salaries and Wages: $904,635
For more financial information, click here
Official website here: www.i4qed.org
What is the mission statement of Institute For Quality Education Inc?
The Institute For Quality Education Inc is dedicated to assisting low-income families with their primary and secondary education expenses. The organization goes beyond just offering financial aid; it also functions as a model for research and legislation in the educational sector. By introducing competition into the educational system, the Institute encourages all schools to improve their performance. The Institute conducts comprehensive research and analysis on the primary educational system, focusing on school choice and its various forms across the United States and beyond. Furthermore, it aims to educate the public, particularly Indiana residents, about their educational options within the state.
Official website here: www.i4qed.org
Who is the CEO of Institute For Quality Education Inc?
Betsy Wiley is the Chairman of Institute For Quality Education Inc.
Official website here: www.i4qed.org
What is the revenue of Institute For Quality Education Inc?
Institute For Quality Education Inc's revenue in 2022 was $14,892,886.
Official website here: www.i4qed.org
Who are the executives of Institute For Quality Education Inc and what are their salaries?
The average compensation at Institute For Quality Education Inc during 2022 was $119,072. There are 9 employees and 7 volunteers at Institute For Quality Education Inc.
Here are 8 key members and their salaries:
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- Compensation: $162,672
- Related: $40,668
- Other: $10,677
Official website here: www.i4qed.org
Where can I find the form 990 for Institute For Quality Education Inc?
Institute For Quality Education Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.i4qed.org
Learn more at the official website: www.i4qed.org
Mission Statement of Institute For Quality Education Inc
The Institute For Quality Education Inc is a nonprofit organization committed to helping low-income families access primary and secondary education by providing much-needed tuition assistance. Beyond this key mission, the Institute serves as a trailblazer in research and legislation, advocating for improvements in the educational system as a whole.
In the realm of research and analysis, the Institute focuses on the primary educational system in Indiana. This exploration encompasses various aspects of school choice, an approach that exists in numerous forms across the United States and beyond. By delving into these matters, the Institute aims to broaden the public's understanding of Indiana's educational landscape and the diverse options available to residents.
In its mission to encourage growth and competition in the educational sector, the Institute For Quality Education Inc goes a step further. It not only offers financial assistance but also acts as a model and catalyst for change. By advocating for improvements and introducing competition into the system, the organization aspires to inspire all schools to strive for excellence.
Through its research and educational efforts, the Institute For Quality Education Inc empowers Indiana residents to make informed decisions about their children's education. It is a driving force in the pursuit of quality education for all, fostering a brighter future for low-income families and, by extension, their communities.
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Impact
October, 2024
Institute For Quality Education Inc significantly impacts the landscape of education for low-income families in Indiana by providing crucial tuition assistance for primary and secondary education. In the year ending June 30, 2022, the organization awarded scholarships to 6,948 students, enabling access to educational opportunities that might otherwise be unattainable. This financial support helps alleviate the burden of tuition and fees, allowing families to choose schools that best meet their children's needs.
Beyond direct assistance, the organization plays a vital role in shaping educational policy and promoting school choice. It conducts research and analysis on the K-12 educational system, fostering informed discussions about educational options. By introducing competition into the schooling system, it encourages all educational institutions to improve, ultimately benefiting the entire community. Furthermore, by educating the public about their educational choices, the Institute empowers families to make informed decisions regarding their children's education, contributing to a more equitable educational landscape in Indiana.
This information is meant to be a general summary of Institute For Quality Education Inc. 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 2022.
- Gross Receipts: $14,892,886
Assets and Liabilities:
- Total Assets: $13,566,646
- Total Liabilities: $121,302
- Net Assets: $13,445,344
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Organization Details
Founding Year
1991
Phone
(317) 951-8781Principal Officer
Betsy Wiley
Main Address
101 W OHIO ST SUITE 700, INDIANAPOLIS, IN, 46204
Website
www.i4qed.orgNTEE Category
Code: B99Z - Education
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