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.
Key facts about Institute for Quality Education Inc
- EIN
- 35-1836687
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $9,344,736
- Grants made (2024)
- 108
- Average grant
- $86,525
- Median grant
- $23,241
- Total assets
- $19,175,308
- Primary geography
- Indiana (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated June 2026.
Who Institute for Quality Education Inc funds
By grant dollars, the top recipient states for Institute for Quality Education Inc's 108 itemized 2024 grants were Indiana (100%). The most frequent recipient cities were Indianapolis, IN (37 grants), Evansville, IN (13 grants), South Bend, IN (5 grants) and Columbus, IN (3 grants). None of its 108 grants with a stated purpose were described as general or operating support. Recurring purposes include "Education" (108 grants).
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
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
Share of all 108 itemized 2024 grant dollars.
States
Cities
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
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| 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
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
500 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Providence Cristo Rey High School Total ($2,027,223), Cathedral High School Total ($634,000), Bishop Chatard High School Total ($498,000).
| Recipient | Purpose | Amount |
|---|---|---|
| PROVIDENCE CRISTO REY HIGH SCHOOL TOTAL INDIANAPOLIS, IN | EDUCATION | $2,027,223 |
| CATHEDRAL HIGH SCHOOL TOTAL INDIANAPOLIS, IN | EDUCATION | $634,000 |
| BISHOP CHATARD HIGH SCHOOL TOTAL INDIANAPOLIS, IN | EDUCATION | $498,000 |
| SAINT THEODORE GUERIN CATHOLIC HS TOTAL NOBLESVILLE, IN | EDUCATION | $454,538 |
| SOUTH BEND HEBREW DAY SCHOOL TOTAL SOUTH BEND, IN | EDUCATION | $439,834 |
| SCECINA MEMORIAL HIGH SCHOOL TOTAL INDIANAPOLIS, IN | EDUCATION | $429,200 |
| EMAN SCHOOL TOTAL FISHERS, IN | EDUCATION | $340,111 |
| HASTEN HEBREW ACADEMY TOTAL INDIANAPOLIS, IN | EDUCATION | $301,650 |
| RONCALLI HIGH SCHOOL TOTAL INDIANAPOLIS, IN | EDUCATION | $256,993 |
| LAFAYETTE CATHOLIC SCHOOL SYSTEM TOTAL LAFAYETTE, IN | EDUCATION | $238,629 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| AL HUBBARD | CHAIRMAN | 1 | — |
| DAN ELSENER | BOARD MEMBER | 1 | — |
| ROBERT ENLOW | BOARD MEMBER | 1 | — |
| HEATHER WILLEY HARRIS | BOARD MEMBER | 1 | — |
| NEIL PICKETT | BOARD MEMBER | 1 | — |
| JEFF KNIGHT | BOARD MEMBER | 1 | — |
| SCOTT BESS | BOARD MEMBER | 1 | — |
| BETSY WILEY | PRESIDENT | 24 | $156,163 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Institute for Quality Education Inc fund?
**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, …
Where does Institute for Quality Education Inc make grants?
Indiana (statewide focus)
What size grants does Institute for Quality Education Inc award?
In 2024, Institute for Quality Education Inc awarded 108 grants totaling $9.3M — an average of about $87K per grant, based on its IRS Form 990 filings.
What is Institute for Quality Education Inc's EIN?
Institute for Quality Education Inc's EIN (Employer Identification Number) is 35-1836687. IRS Form 990 filing data is available on this page for 2019–2024.
Explore Open Grants
Browse active grant opportunities in Institute for Quality Education Inc's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.