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Filing year 2023

INSTITUTE FOR QUALITY EDUCATION INC

Indianapolis, Indiana·EIN 35-1836687·NTEE B99Z · Education·501(c)(3)
Total revenue
$16.4M
Total assets
$19.2M
Total expenses
$12.3M
Reported officers
8
Mission

THE ORGANIZATION PROVIDES TUITION ASSISTANCE TO LOW-INCOME STUDENTS, SERVES AS A MODEL FOR RESEARCH AND LEGISLATION, AND ENCOURAGES ALL SCHOOLS TO IMPROVE BY INTRODUCING COMPETITION INTO THE SYSTEM. THE ORGANIZATION CONDUCTS RESEARCH AND ANALYSIS ABOUT THE PRIMARY (K-12) EDUCATIONAL SYSTEM IN INDIANA INCLUDING BUT NOT LIMITED TO SCHOOL CHOICE AS IT EXISTS IN MANY FORMS THROUGHOUT THE UNITED STATES AND ELSEWHERE; AND EDUCATES THE GENERAL PUBLIC AND, IN PARTICULAR, INDIANA RESIDENTS ABOUT THE PRIMARY (K-12) EDUCATIONAL SYSTEM IN INDIANA AND THEIR EDUCATIONAL OPTIONS.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2023

Percentile bands compare each position's total pay with the same role at Education organizations in Indiana.

President
75th to 90th percentile
$169k
$187k
Base
$117k
Bonus
$39k
Other
Benefits
$8k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 7 unpaid individuals.

Browse compensation in Education

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at INSTITUTE FOR QUALITY EDUCATION INC equaled 1% of the organization's total expenses. The median for education organizations is 7%.

This organization (2023)
1%
Sector median
7%
Middle half of sector
2% to 17%

Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Down 7%
from 2022

From $181k in 2022 to $169k in 2023.

$181k
2022
$169k
2023
In today's dollarsEst.
Down 10% in real terms$207k to $187k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay fell 7% from 2022 to 2023, while revenue rose 13%.

$181k in 2022 to $169k in 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about INSTITUTE FOR QUALITY EDUCATION INC

What does the Chief Executive Officer of INSTITUTE FOR QUALITY EDUCATION INC earn?

In 2023, the Chief Executive Officer of INSTITUTE FOR QUALITY EDUCATION INC received $169,052 in total compensation. This pay is in the top quarter for Chief Executive Officer roles among Education organizations in Indiana, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at INSTITUTE FOR QUALITY EDUCATION INC compare with similar nonprofits?

Compared with the same role at Education organizations in Indiana, the 2023 pay of the Chief Executive Officer at INSTITUTE FOR QUALITY EDUCATION INC falls between the 75th and 90th percentiles. In 2023, the highest total compensation at INSTITUTE FOR QUALITY EDUCATION INC equaled 1% of the organization's total expenses. The median for education organizations is 7%.

What are INSTITUTE FOR QUALITY EDUCATION INC's revenue and expenses?

In 2023, INSTITUTE FOR QUALITY EDUCATION INC reported $16.4M in total revenue and $12.3M in total expenses on its IRS Form 990.

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