Institute for Quality Education Inc logo

Institute for Quality Education Inc

INDIANAPOLIS, IN EIN: 35-1836687 Website

Institute for Quality Education (IQE) is a 501(c)(3) nonprofit organization headquartered in Indianapolis, Indiana (101 West Ohio Street, Suite 700). Founded in 1991, IQE operates as a state-approved scholarship granting organization (SGO) in Indiana and serves as an advocacy organization focused on educational policy and school choice at the state level.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$19.2M

+28.3% YoY

Annual Giving

$9.3M

Grant Count

108

Avg Grant Size

$87K

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

Mission: To improve the quality of education for all Indiana students.

Vision: A K-12 education system that provides quality education options for every Indiana student and a statewide network advocating for education policies that benefit children.

IQE operates across three primary focus areas:

Scholarship Granting: IQE is a certified scholarship granting organization by the Indiana Department of Education. Since the beginning of the Indiana Tax Credit Scholarship Program in 2009, IQE has awarded over $45 million in scholarships and assisted over 35,000 Hoosier students in accessing quality education. In the fiscal year ended June 30, 2024, IQE granted scholarships to 5,013 students to assist with tuition and fees.

Policy Advocacy & Education: IQE develops, advocates for, and implements K-12 education policies at the state level to support educational freedom for all Hoosier families and educators. The organization educates families, educators, community leaders, citizens, and policymakers about the importance of access to quality education and educational choice.

School Support & Network Development: IQE works with over 85% of charter schools in the state by convening and leading the Indiana charter school network. The organization supports all types of schools by celebrating academic successes and connecting struggling schools with resources and strategies needed for improvement. IQE also provides information and resources on school accountability metrics and policy implementation.

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Geographic Focus

Where this funder awards grants

Indiana (statewide focus)

Grant Distribution by State

1states

States

Cities

AlexandriaAndersonAuroraAvonBatesvilleBedfordBeech GroveBloomingtonBrookvilleBrownsburgCarmelChestertonClarksvilleColumbia CityColumbusConnersvilleCorydonCrown PointDemotteDyer

Financial History

Multi-year comparison from IRS filings

Most Recent Fiscal Year (ended June 30, 2024):

  • Total Revenue: $16,377,935
  • Total Expenses: $12,271,438
  • Total Assets: $19,175,308
  • Total Liabilities: $487,000

Staffing: 11 employees as of 2024

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$5M$9M$14M$18M201920202021202220232024
Metric202420232022
Total Assets$19,175,308$14,940,461$13,566,646
Revenue$16,377,935$14,528,950$14,892,886
Expenses$12,271,438$13,392,508$13,517,083
Qualifying Distributions
Net Investment Income$45,252
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$3M$5M$8M$11M148 grants2019119 grants2020113 grants2021160 grants20220 grants2023108 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

CATHEDRAL HIGH SCHOOL TO…$634KBISHOP CHATARD HIGH SCHO…$498KEMAN SCHOOL TOTAL$340KHASTEN HEBREW ACADEMY TO…$302KLAFAYETTE CATHOLIC SCHOO…$239KEVANSVILLE CHRISTIAN SCH…$234KHORIZON CHRISTIAN SCHOOL…$144KMIDWEST ACADEMY INC TOTAL$121KCROSSING SCHOOL OF BUSIN…$98KCENTRAL CATHOLIC SCHOOL …$89K

Grant Size Distribution

200 grants across all recorded years

174<$50K13$50–100K7$100–250K4$250–500K1$500K–1M1$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

BETSY WILEYPRESIDENT$156K

From 2024 filing

NameTitleHoursCompensation
AL HUBBARDCHAIRMAN1
DAN ELSENERBOARD MEMBER1
ROBERT ENLOWBOARD MEMBER1
HEATHER WILLEY HARRISBOARD MEMBER1
NEIL PICKETTBOARD MEMBER1
JEFF KNIGHTBOARD MEMBER1
SCOTT BESSBOARD MEMBER1
BETSY WILEYPRESIDENT24$156,163

Subject Areas

Focus areas based on grantmaking activity

Related Funders

Similar funders by location and focus area

Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.

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