2024-12-17T13:52:08-08:00 2024-06-30 010727068 Targeted Services PC 709 Clay Street Suite 102 Fort Wayne IN 46802 990 2023-07-01 356025795 Questa Education Foundation Inc QUES 2604076494 6502 Constitution Drive Fort Wayne IN 46804 Ian Boyce CFP Chairman 2024-12-17 true true Patricia Oppor CPA P00234243 2602033121 2023 2024-10-15 13:58:12Z Ian Boyce CFP 6502 Constitution Drive Fort Wayne IN 46804 7802741 false X www.questafoundation.org X 1946 IN Questa Education Foundation helps individuals access post-secondary education, graduate with less debt, and become contributing members of Northeast Indianas workforce. 15 15 12 94 0 2650391 3582343 215205 326270 199987 645001 0 3065583 4553614 156492 170320 0 574732 725079 0 92304 1522807 2485897 2254031 3381296 811552 1172318 16624759 18382715 300817 218868 16323942 18163847 Questa Education Foundation helps individuals access post-secondary education, graduate with less debt, and become contributing members of Northeast Indianas workforce. false false 2980164 42726 Questa Education Foundation administers the following loan and scholarship programs:During fiscal year 2024, Questa Foundation provided over $3,180,167 in Questa Scholars loans to 552 students primarily from Adams, Allen, DeKalb, Huntington, Kosciuscko, LaGrange, Noble, Steuben, Wabash, Wells and Whitley counties attending college. Students in the Questa Scholars Program are typically eligible to borrow up to $20,000 over four years ($2,500 per semester for up to $5,000 per academic year) for college. Students who graduate college and meet certain residency and employment requirements in northeast Indiana for 1 - 5 years after college typically become eligible to have 50% - 100% of the principal loan balance forgiven over the five years. Please see Schedule O for further information. 179493 170320 283544 Questa Education Foundation administers the following grant and scholarship programs: The Venette and Mabel Sites Grant assists current students with financial need who graduated from public Allen County high schools who are in the Questa Scholars Program. Grants are applied to a student's current Questa loan balance and assist with paying down a student's debt. Awards are made based upon academic performance and financial need. Fifty-seven (57) students received $83,000 in Sites scholarship awards during the fiscal year. Please see Schedule O for further information on additional scholarships and grants. 3159657 true true false false false false false false false true true false false false true false true false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false true 160 0 true 12 true false false false false false false false 0 false false false false false false false X 15 15 false false false false false false false true true false false true true true true true true true true false IN X X Ryan Shepherd 2604076494 6502 Constitution Drive Fort Wayne IN 46804 Elizabeth Bushnell PhD Executive Dir. 40.00 0.00 X 123323 0 5653 Ian Boyce CFP Chairman 2.00 0.00 X X 0 0 0 Dave Haist JD Vice Chairman 1.00 0.00 X X 0 0 0 JoAnne Alvarez EdD Secretary 1.00 0.00 X X 0 0 0 Derek Lamle CPA Treasurer 1.00 0.00 X X 0 0 0 Celeste Stevens Director 0.50 0.00 X 0 0 0 Shenita Bolton M ED Director 0.50 0.00 X 0 0 0 Erin LaCross DPN RN Director 0.50 0.00 X 0 0 0 Pete Van Baalen Director 0.50 0.00 X 0 0 0 Edmond O'Neal Director 0.50 0.00 X 0 0 0 Brian Engelhart Director 0.50 0.00 X 0 0 0 James Cashman Director 0.50 0.00 X 0 0 0 Denice Beights Director 0.50 0.00 X 0 0 0 Phil Downs PhD Director 0.50 0.00 X 0 0 0 Brok Lahrman CPA Director 0.50 0.00 X 0 0 0 Stepanie Veit Director 0.50 0.00 X 0 0 0 123323 5653 1 false false false None 0 3582343 3582343 Loan administration fees 522291 42726 42726 Loan interest & late fees 522291 283544 283544 326270 376261 376261 0 0 0 3517867 3249127 268740 268740 268740 0 0 0 0 4553614 326270 645001 0 170320 170320 0 0 133897 74603 9515 49779 0 426868 406092 1987 18789 0 114035 103631 10270 134 50279 48267 1006 1006 0 285 285 32180 32180 0 0 43361 43361 23653 1653 2160 19840 96516 95545 181 790 19469 17346 2010 113 36005 34565 1080 360 0 36000 34920 1080 3993 3194 200 599 0 0 0 0 77291 61833 15458 3726 3726 Loan Forgiveness 2142778 2142778 Miscellaneous Expense 11538 5808 5121 609 Bad Debt Expense (Recovery) -40898 -40898 0 3381296 3159657 129335 92304 1907219 3181188 0 1253955 1363311 3485382 3885628 0 0 0 0 34688 28386 452591 354882 159484 97709 8619204 9471094 0 0 0 1164827 355399 16624759 18382715 39013 27609 104964 65965 156840 125294 300817 218868 X 9756687 10722369 6567255 7441478 16323942 18163847 16624759 18382715 X 1172318 644358 23229 X false true X true false X 1359206 1355184 2380243 2650391 3582343 11327367 0 0 1359206 1355184 2380243 2650391 3582343 11327367 1288411 10038956 177071 141722 150742 211278 376261 1057074 0 0 12384441 0.81060 0.70910 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 599789 69762 20000 649551 567781 52008 20000 599789 696022 -108241 20000 567781 568762 152260 25000 696022 542696 36066 10000 568762 0.05000 0.95000 true false false 452591 354882 97709 97709 Operating Lease Liability 125294 125294 5177840 644358 23229 667587 4510253 43361 43361 4553614 3337935 3337935 43361 43361 3381296 Part V, Line 4: Intended uses of the endowment fund. The intended use of the endowment funds is to generate earnings and gains from which scholarships may be awarded as described in the succeeding paragraphs. Gregory Hosler Wilson Grant provides scholarship assistance to graduates of Allen County high schools who are Questa Scholars and demonstrate significant financial need. Recipients must have completed two semesters of college and evidence an exceptional work ethic and a high measure of perseverance. Four (4) students received a Wilson scholarship for a total of $10,000 during the fiscal year. Walter and Lucile Beckman Grant provides scholarship assistance to Questa Scholars who are pursuing education and/or social science degrees. Recipients must have completed two semesters of college and have a GPA of at least 3.0. Four (4) students received Beckman scholarships during the fiscal year for a total of $10,000. The John Snider fund provides a $5,000 loan to one student either with a disability or a student preparing for a career to serve students with a disability. Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 Change in value of beneficial interest $23229 true 0 0 Scholarships 102 170320 Grantmaker's Description of How Grants are Used The Virgil J. and Mildred C. Roy and the Edward C. Dodez scholarships are made directly payable to the U.S. Department of Education accredited colleges and universities at which the students attend. The Gregory Hosler Wilson and the Walter and Lucile Beckman grants are made directly payable to the students' educational institutions. Funds from the Venette and Mabel Sites Foundation are made directly payable to the students' educational institutions. Form 990, Part VI, Section B, Line 11b The completed Form 990 is prepared by a contracted CPA, in consultation with management, and forwarded to the Treasurer and to the finance committee for review. Once reviewed, Form 990 is provided to the Board of Directors prior to filing. Form 990, Part VI, Section B, Line 12c Board members are required to complete a Conflict of Interest form and abstain from voting on measures that come before the board that reflect a conflict of interest. This occurs on an ongoing basis in both committee and full board meetings. Form 990, Part VI, Section B, Line 15a The Executive Committee performs benchmarking against other non-profit organizations, as well as other foundations, via information from the Northeast Indiana Nonprofit Salary Survey. From this information, a salary range is set for the Executive Director position that is within a reasonable range. The employee benefit package is a component of compensation and is benchmarked against other companies, including non-profit organizations via the Northeast Indiana Nonprofit Salary Survey and Board member knowledge of other organizations' executive benefit packages. Form 990, Part VI, Section B, Line 15b N/A; no other officers or key employees are compensated. Form 990, Part VI, Section C, Line 19 Questa Education Foundation makes its Articles of Incorporation, Bylaws, Conflict of Interest policy and annual audited financial statements available to the public upon request. These items may be viewed by the public at Questa's office at 6502 Constitution Drive, Fort Wayne, Indiana during normal business hours (8:00 a.m. - 4:30 p.m.) Monday through Thursday. Form 990, Part XI, Line 9 Change in Beneficial Interest = $23229 Part III, line 4a (continued) Questa Education Foundation primarily assists residents of Adams, Allen, DeKalb, Huntington, Kosciusko, LaGrange, Noble, Steuben, Wabash, Wells and Whitley counties, Indiana in the pursuit of post-secondary certificates and degrees. The Foundation awards loans and scholarships to students currently enrolled in U.S. Department of Education accredited colleges and universities who are pursuing certificates, associate's or bachelor's degrees. The Foundation also is involved in seeking to retain college graduates in northeast Indiana with a debt forgiveness program that incentivizes college graduates to reside and work in northeast Indiana after graduation from college. All loan and scholarship recipients are selected by the staff and/or board of directors through a competitive application review and evaluation process that considers financial need and academic merit. Students in the traditional and contemporary Questa Scholars Programs are eligible to borrow $2,500 per semester for up to $5,000 per academic year. The traditional and contemporary programs fund students pursuing a certificate, an associate's or bachelor's degree. Additionally, Questa Education Foundation provides various loan amounts to students in career scholar programs who earn 100% debt forgiveness when they graduate and work for the partnering employer for 1-5 years. Part III, line 4b (continued) Other Scholarships and Grants: The Virgil J. and Mildred C. Roy Nursing Scholarship assists students who are enrolled in Allen County, Indiana schools of nursing pursuing an R.N. degree. Five (5) students received $14,000 in Roy scholarship awards during the fiscal year. The Edward C. Dodez Scholarship provides financial support to Indiana students who attend Dartmouth College. Seven (7) students received $20,000 in Dodez scholarship awards during the fiscal year. Gregory Hosler Wilson Grant provides scholarship assistance to graduates of Allen County high schools who are Questa Scholars and demonstrate significant financial need. Recipients must have completed two semesters of college and evidence an exceptional work ethic and a high measure of perseverance. Four (4) students received Wilson scholarships for a total of $10,000 during the fiscal year. Walter and Lucile Beckman Grant provides scholarship assistance to Questa Scholars who are pursuing education and/or social science degrees. Recipients must have completed two semesters of college and have a GPA of at least 3.0. Four (4) student received Beckman scholarships during the fiscal year, for a total of $10,000. Additionally, Questa Education Foundation provides other scholoarships aligned with our mission to help students access post-secondary education and graduate with less debt. Scholarship amounts and programs vary.