Skip to content
Nonprofiteer
← All organizations

INDIANA SECONDARY MARKET FOR EDUCATION LOANS INC

EIN 31-0995844 CARMEL, IN

Revenue 2024
$16,015,983
Expenses 2024
$13,040,212

Program services were 75.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
W600
Classification
1000
Street
301 PENNSYLVANIA PKWY STE 360

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • DOUG BROWN

    BOARD MEMBER

    Total calculated
    $1,960
    From this org
    $1,960
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • CAROL D'AMICO

    SECRETARY

    Total calculated
    $3,136
    From this org
    $3,136
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • TOM GUEVARA

    BOARD MEMBER

    Total calculated
    $1,764
    From this org
    $1,764
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • MATTHEW MURPHY

    TREASURER

    Total calculated
    $3,332
    From this org
    $3,332
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • FRED PAYNE

    VICE CHAIRPERSON

    Total calculated
    $1,372
    From this org
    $1,372
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • CHARLES E SCHALLIOL

    CHAIRPERSON

    Total calculated
    $7,448
    From this org
    $7,448
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • JIM SNYDER

    BOARD MEMBER

    Total calculated
    $1,764
    From this org
    $1,764
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • BETSY WILEY

    BOARD MEMBER

    Total calculated
    $1,568
    From this org
    $1,568
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • MARSHAWN WOLLEY

    BOARD MEMBER

    Total calculated
    $1,372
    From this org
    $1,372
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • LINAE DEVAISHER

    CFO & VP

    Total calculated
    $322,297
    From this org
    $300,751
    From related orgs
    $0
    Other
    $21,546
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $221,234
    Bonus
    $59,265
    Other
    $20,252
    Deferred
    $12,788
    Nontaxable benefits
    $8,758
    Filer's total
    $322,297

  • JOSEPH WOOD

    CEO & PRESIDENT

    Total calculated
    $506,699
    From this org
    $469,900
    From related orgs
    $0
    Other
    $36,799
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $375,781
    Bonus
    $87,242
    Other
    $6,877
    Deferred
    $18,416
    Nontaxable benefits
    $18,383
    Filer's total
    $506,699

  • PATRICK JASON MCGREW

    VP OF EXTERNAL MANAGEMENT

    Total calculated
    $237,312
    From this org
    $200,885
    From related orgs
    $0
    Other
    $36,427
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,440
    Bonus
    $15,876
    Other
    $8,569
    Deferred
    $10,584
    Nontaxable benefits
    $25,843
    Filer's total
    $237,312

  • CYNTHIA STONEROCK

    SENIOR FINANCIAL ANALYST

    Total calculated
    $153,602
    From this org
    $121,625
    From related orgs
    $0
    Other
    $31,977
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $109,479
    Bonus
    $10,733
    Other
    $1,413
    Deferred
    $6,569
    Nontaxable benefits
    $25,408
    Filer's total
    $153,602

  • WILLIAM WOZNIAK

    VP OF MARKETING

    Total calculated
    $258,256
    From this org
    $222,588
    From related orgs
    $0
    Other
    $35,668
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,006
    Bonus
    $34,031
    Other
    $17,551
    Deferred
    $10,260
    Nontaxable benefits
    $25,408
    Filer's total
    $258,256

  • MATTHEW KRIEG

    LENDING, BUS. DEV. MNGR.

    Total calculated
    $139,649
    From this org
    $109,160
    From related orgs
    $0
    Other
    $30,489
    Hours/week
    40

  • SUSAN MAYBERRY

    ADV. & OUTREACH MNGR.

    Total calculated
    $139,542
    From this org
    $109,046
    From related orgs
    $0
    Other
    $30,496
    Hours/week
    40

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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $16,015,983
    Expenses
    $13,040,212
    Contributions
    $0
    Grants paid
    $479,000
  • 2023
    Revenue
    $16,573,697
    Expenses
    $17,955,703
    Contributions
    $0
    Grants paid
    $6,750,000

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Grants made

  • INDIANA COMMISSION FOR HIGHER EDUCATION

    $3,000,000

    2023 NON-STEM DUAL CREDIT CREDENTIALING PROGRAM

  • PURDUE UNIVERSITY

    $1,500,000

    2023 UNIVERSITY'S INTERNS FOR INDIANA PROGRAM

  • INDIANA UNIVERSITY

    $1,500,000

    2023 EXPAND LIFE & HEALTH SCIENCES INTERN PROGRAM, EXPAND FIRST-YEAR RESEARCH IMMERSION PROGRAM, AND EXPERIENTIAL LEARNING GRANTS

  • CENTER FOR LEADERSHIP DEVELOPMENT

    $750,000

    2023 YOUTH DEVELOPMENT PROGRAMMING

  • INDIANA COMMISSION FOR HIGHER EDUCATION

    $475,000

    2024 NON-STEM DUAL CREDIT CREDENTIALING PROGRAM

Where these grants went next →

Grants received

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2024 return

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 23 October 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.