Hoosiers for Quality Education Inc
Nonprofit profile at a glance
- EIN
- 261280876
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024, Form 990-EZ 2010, Form 990-N 2011
- Location
- Indianapolis, IN, USA
- Phone
- 3179518781
- Rating
- 66
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Economic Development
Reported finances
- Revenue
- $529,264
- Expenses
- $353,362
- Assets
- $1,035,258
- Liabilities
- $9,075
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- BETSY WILEY (PRESIDENT)
Highest reported compensation
- BETSY WILEY (PRESIDENT): $223,234 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Educate the state of Indiana's (the state) citizens and policy makers on the importance of a quality education and the importance it plays in Indiana's economic vitality, competitiveness, and continuous improvement for the state to succeed in the global marketplace;
What it reported doing in 2024
Educate the state of Indiana's (the state) citizens and policy makers on the importance of a quality education and the importance it plays in Indiana's economic vitality, competitiveness, and continuous improvement for the state to succeed in the global marketplace; to promote k-12 education public policies necessary to provide all hoosier students access to a quality education in an environment that best meets their learning needs, makes the state an attractive place to do business, live and raise a family, to increase high-paying job opportunities; to assist in helping individuals receive the education or credentials needed for these job opportunities, and to engage the state's citizens in making the state an economic powerhouse nationally and internationally; to increase public awareness of the importance of educational reform initiatives, including increased school choice and improving the quality of the k-12 educational system; and to support the economic growth of the state through improved education and expanded school choice.
Operating model
- Revenue model
- Donor-supported. 99% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.
Rating breakdown
- Financial Efficiency: 49
- Transparency & Controls: 65
- Accountability: 90
- Sustainability: 72
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 39.2%; rating input score 39
- Program expense ratio: 58%; rating input score 58
- Fundraising efficiency: $32.71 raised per $1 spent on fundraising; rating input score 70; 70th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 33.2%; rating input score 86; 86th percentile among comparable filings
- Total-asset coverage ratio: 2.93; rating input score 75; 75th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 70; 70th percentile among comparable filings
- Officer compensation ratio: 24.5%; rating input score 10; 10th percentile among comparable filings
Growth
- Program expense growth: 4.2% per year; rating input score 100; 38th percentile among comparable filings
- Revenue growth: 10% per year; rating input score 100; 66th percentile among comparable filings
- Asset growth: 18.7% per year; rating input score 100; 79th percentile among comparable filings
Details
- Where the money goes: 39.2% of revenue deployed · 58% of spending went to programs
- Governance: 8 of 8 board members independent · 6 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $205K in reported program spending
- Leadership: top reported pay $223K · 9 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $150K reported
- Consistency: 21 of 21 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 12 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 39/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Financial Efficiency: Program expense ratio scored 58/100.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- High — Sustainability: Officer compensation ratio scored 10/100.