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Filing year 2024

INNOVATIVE QUALITY SCHOOLS

Hutchinson, Minnesota·EIN 27-0574007·NTEE B90 · Education·3
Total revenue
$637k
Total assets
$436k
Total expenses
$631k
Reported officers
10
Mission

PLEASE SEE THE MISSION AND VISION OF INNOVATIVE QUALITY SCHOOLS (IQS) AS PREVIOUSLY STATED. DECISIONS MADE BY THE IQS BOARD ARE GUIDED BY THE FOLLOWING VALUES:1. FOCUS ON INNOVATION- TAKE RISKS TO TRY CREATIVE NEW THINGS, CHALLENGE OLD PROCESSES, AND CONTINUOUSLY ADAPT.2. ORGANIZE FOR EDUCATIONAL EXCELLENCE- COMMIT TO ACHIEVING OUR VISION, MISSION AND GOALS THROUGH THE CONTINUAL ASSESSMENT OF OUR WORK AND ACTING UPON RESULTS TO IMPROVE OUR PERFORMANCE. 3. COMMIT TO COLLABORATION- BE INTERDEPENDENT, HAVE AN OPEN FLOW OF IDEAS, LISTEN TO OTHERS, VALUE DIFFERENCES, AND CHALLENGE OUR OWN ASSUMPTIONS. 4. ENSURE ACCOUNTABILITY- UTILIZE FAIR AND RIGOROUS PROCEDURES IN THE AUTHORIZATION AND EVALUATION OF SCHOOLS IN OUR PORTFOLIO. 5. PROMOTE EQUITY, DIVERSITY, AND INCLUSION- SUPPORT INITIATIVES THAT PROMOTE EDUCATIONAL EQUITY AND OPPORTUNITY, AND SEEK DIVERSITY IN ORGANIZATIONAL REPRESENTATIVES

Reported officers (all unpaid)

No paid executives reported in 2024. INNOVATIVE QUALITY SCHOOLS reported 10 unpaid officers and board members on its 990.

Director
Director
Director
Director
Director
Director
Secretary
Treasurer
Vice Chair
Chair
Financial trend

Revenue and expenses over time

INNOVATIVE QUALITY SCHOOLS reported revenue and expenses across 2 filing years.

RevenueExpenses
$649k
$623k
2023
$637k
$631k
2024
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Education executives earn in Minnesota

INNOVATIVE QUALITY SCHOOLS reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable education organization in Minnesota earns a median of $78,449.

25th percentile
$34k
Median
$78,449
75th percentile
$138k
90th percentile
$217k

These are education sector-wide figures, not this organization's reported pay. Based on 647 organizations across 647 filings (2020 – 2024).

See full Education pay data for Minnesota
FAQ

Common questions about INNOVATIVE QUALITY SCHOOLS

What are INNOVATIVE QUALITY SCHOOLS's revenue and expenses?

In 2024, INNOVATIVE QUALITY SCHOOLS reported $637k in total revenue and $631k in total expenses on its IRS Form 990.

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