Indiana Secondary Market for Education
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
4
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
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| 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
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
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.
Explore Open Grants
Browse active grant opportunities in Indiana Secondary Market for Education's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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