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Nonprofiteer
← HOOSIERS FOR QUALITY EDUCATION INC

Form 990 for tax year 2023

Filed by HOOSIERS FOR QUALITY EDUCATION INC.

Totals

Total revenue
$236,144
Total expenses
$245,673
Contributions and grants received
$225,000
Grants paid
$0
Program service revenue
$0
Investment income
$11,144
Other revenue
$0
Total assets, end of year
$859,356
Total liabilities, end of year
$9,075
Net assets or fund balances, end of year
$850,281
Program services expenses (Part IX)
$43,719
Management and general expenses
$187,381
Fundraising expenses
$14,573
Program service expenses (Part III)
$43,719

Program services were 17.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $225,000

  • 3 · Investment income

    total $11,144 · excluded $11,144

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $72,865 · program services $43,719 · management and general $14,573 · fundraising $14,573

  • 11b · Fees: legal

    total $615 · management and general $615

  • 11c · Fees: accounting

    total $23,711 · management and general $23,711

  • 11g · Fees: other

    total $69,000 · management and general $69,000

  • 13 · Office expenses

    total $11,191 · management and general $11,191

  • 16 · Occupancy

    total $8,423 · management and general $8,423

  • 19 · Conferences, conventions and meetings

    total $44,339 · management and general $44,339

  • 23 · Insurance

    total $15,529 · management and general $15,529

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $847,885 · end of year $413,213

  • 4 · Accounts receivable

    beginning of year $21,000 · end of year $35,000

  • 11 · Investments: publicly traded securities

    end of year $411,143

  • 25 · Other liabilities

    beginning of year $9,075 · end of year $9,075

  • 27 · Net assets without donor restrictions

    beginning of year $859,810 · end of year $850,281

Mission and programs · 2023

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;

Activities or mission (Part I)

THE CORPORATION'S PURPOSE IS TO EDUCATE THE STATE OF INDIANA'S (THE STATE) CITIZENS AND POLICY

  • 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.

    Expenses $43,719

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Fred Klipsch

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1
  • Robert Grand

    VICE CHAIRMAN & SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Robert Enlow

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Al Hubbard

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Jim Longest

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jim Kittle

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Brian Burdick

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Betsy Wiley

    PRESIDENT

    Total calculated
    $253,140
    From this org
    $84,088
    From related orgs
    $156,163
    Other
    $12,889
    Hours/week
    8 + 32 related

    Schedule J breakdown matched by us

    Base
    $63,088 + $117,163 related
    Bonus
    $21,000 + $39,000 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $4,511 + $8,378 related
    Filer's total
    $88,599 + $164,541 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • INSTITUTE FOR QUALITY EDUCATION INC

    501(C)(3) · TUITION ASSISTANCE · IN

  • HOOSIERS FOR QUALITY EDUCATION POLITICAL ACTION COMMITTEE

    527 · POLITICAL ACTION COMMITTEE · IN

    Directly controlled by HOOSIERS FOR QUALITY EDUCATION INC

Provenance

Return type
form_990
Tax year
2023
Filed
2 May 2025
IRS schema version
2023v6.0
Source object
202511259349301226

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