Indiana Secondary Market for Education

INDIANAPOLIS, IN EIN: 31-0995844 Website

FOR OVER 40 YEARS, INDIANA SECONDARY MARKET FOR EDUCATION LOANS, INC. (D/B/A "INVESTED") HAS PROVIDED INDIANA STUDENTS AND FAMILIES CRITICAL RESOURCES AND ADVISING SERVICES TO PLAN AND FINANCE EDUCATION AFTER HIGH SCHOOL. AS INDIANA'S ONLY STATE-BASED, NONPROFIT STUDENT-LOAN-MAKING AND FINANCIAL-LITERACY ORGANIZATION, INVESTED PLAYS A CRUCIAL ROLE SERVING ALL INDIANA STUDENTS AND FAMILIES BEFORE, DURING, AND AFTER THEIR POST-SECONDARY STUDIES TO MAKE POST-SECONDARY EDUCATIONAL ATTAINMENT AFFORDABLE. INVESTED PROVIDES STUDENTS AND FAMILIES VARIOUS SERVICES THROUGH ITS STUDENT LOAN PROGRAM AND ITS FINANCIAL AID LITERACY AND ADVISING PROGRAMS, ALL AT NO COST TO STUDENTS, THEIR FAMILIES, OR INDIANA TAXPAYERS.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$241.4M

Annual Giving

$6.8M

Grant Count

Avg Grant Size

$1.7M

About Indiana Secondary Market for Education

Based on IRS filings

Indiana Secondary Market for Education is a nonprofit organization focused on Public, Societal Benefit, based in INDIANAPOLIS, IN. IRS filing data is available for 2024. As of 2024, the organization holds $241.4M in total assets. In 2024, it awarded 4 grants totaling $6.8M. Net investment income was $8.6M.

Focus Areas

Public, Societal Benefit

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Indiana $6.8M (100%)

States

Indiana

Cities

BloomingtonIndianapolisWest Lafayette

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024
Total Assets	$241,352,522
Revenue	$16,573,697
Expenses	$17,955,703
Qualifying Distributions	—
Net Investment Income	$8,603,007
Distributable Amount	—

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2024

Grant Size Distribution

4 grants across all recorded years

Open Grants

1 open opportunity from Indiana Secondary Market for Education

Foundation

INvestEd Scholarship Giveaway

INDIANA SECONDARY MARKET FOR EDUCATION

Amount

$1,000

Deadline

Rolling / Open

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Indiana Commission for Higher Education ($3,000,000), Purdue University ($1,500,000), Indiana University ($1,500,000).

Recipient	Purpose	Amount
INDIANA COMMISSION FOR HIGHER EDUCATION INDIANAPOLIS, IN	NON-STEM DUAL CREDIT CREDENTIALING PROGRAM	$3,000,000
PURDUE UNIVERSITY WEST LAFAYETTE, IN	UNIVERSITY'S INTERNS FOR INDIANA PROGRAM	$1,500,000
INDIANA UNIVERSITY BLOOMINGTON, IN	EXPAND LIFE & HEALTH SCIENCES INTERN PROGRAM, EXPAND FIRST-YEAR RESEARCH IMMERSION PROGRAM, AND EXPERIENTIAL LEARNING GRANTS	$1,500,000
CENTER FOR LEADERSHIP DEVELOPMENT INDIANAPOLIS, IN	YOUTH DEVELOPMENT PROGRAMMING	$750,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
DOUG BROWN	BOARD MEMBER	1	—
CAROL D'AMICO	SECRETARY	1	$7,230
TOM GUEVARA	BOARD MEMBER	1	—
MATTHEW MURPHY	VICE CHAIRPERSON, TREASURER	1	$12,514
FRED PAYNE	VICE CHAIRPERSON	1	—
CHARLES E SCHALLIOL	CHAIRPERSON	2	$12,156
JIM SNYDER	BOARD MEMBER	1	—
BETSY WILEY	BOARD MEMBER	1	—
MARSHAWN WOLLEY	BOARD MEMBER	1	—
ANTHONY ARMSTRONG	BOARD MEMBER	1	$8,926
DIANA H HAMILTON	BOARD MEMBER	1	$4,142
BRETT MERRITT	BOARD MEMBER	1	$5,534
C TODD RICHARDSON	BOARD MEMBER	1	$6,250
DAVID B SKINNER	BOARD MEMBER	1	$7,926
MICHAEL T VEA	BOARD MEMBER	1	$9,230
LINAE DEVAISHER	CFO & VP	40	$299,453
JOSEPH WOOD	CEO & PRESIDENT	40	$470,611
PATRICK JASON MCGREW	VP OF EXTERNAL MANAGEMENT	40	$202,980
CYNTHIA STONEROCK	SENIOR FINANCIAL ANALYST	40	$115,711
WILLIAM WOZNIAK	VP OF MARKETING	40	$207,671
EUGENE JOHNSON	PROGRAM DIRECTOR	40	$116,551

Subject Areas

Focus areas based on grantmaking activity

Public, Societal Benefit

Frequently Asked Questions

What is Indiana Secondary Market for Education?

Indiana Secondary Market for Education is a nonprofit organization focused on Public, Societal Benefit, based in INDIANAPOLIS, IN. It holds $241.4M in total assets as of 2024.

How large is Indiana Secondary Market for Education?

As of 2024, Indiana Secondary Market for Education holds $241.4M in total assets with $16.6M in annual revenue. It awarded 4 grants totaling $6.8M in 2024.

Where does Indiana Secondary Market for Education operate?

Indiana Secondary Market for Education has awarded grants in Indiana.

What size grants does Indiana Secondary Market for Education award?

In 2024, Indiana Secondary Market for Education awarded 4 grants totaling $6.8M — an average of about $1.7M per grant, based on its IRS Form 990 filings.

What is Indiana Secondary Market for Education's EIN?

Indiana Secondary Market for Education's EIN (Employer Identification Number) is 31-0995844. IRS Form 990 filing data is available on this page for 2024.