Nonprofit · EIN 35-6025795
QUESTA EDUCATION FOUNDATION INC
Tax-exempt · FORT WAYNE, IN 46804
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $4,765,800 | $3,782,879 | $982,921 | $19,877,432 | $215,830 | $19,661,602 |
| June 30, 2024 | 990 | $4,553,614 | $3,381,296 | $1,172,318 | $18,382,715 | $218,868 | $18,163,847 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $3,755,514
- Program service revenue
- $268,233
- Investment income
- $742,053
- Net gain from sales of assets
- $405,788
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $167,950
- Compensation of officers, directors and key employees
- $136,152
- Other salaries and wages
- $461,450
- Salaries, compensation and benefits (total)
- $767,815
- Professional fundraising fees
- $0
- Legal fees
- $6,817
- Accounting fees
- $32,382
- Occupancy
- $36,000
- Travel
- $2,659
- Depreciation
- $55,924
- Program services (functional)
- $3,351,677
- Management and general (functional)
- $259,926
- Fundraising (functional)
- $171,276
Balance sheet and other
- Total assets, start of year
- $18,382,715
- Total assets, end of year
- $19,877,432
- Total liabilities, end of year
- $215,830
- Net assets, end of year
- $19,661,602
- Land, buildings and equipment
- $46,226
- Publicly traded securities
- $10,360,084
- Net assets without donor restrictions
- $11,598,525
- Net assets with donor restrictions
- $8,063,077
- Gross receipts
- $6,733,724
- Employees
- 12
- Volunteers
- 94
- Year formed
- 1946
- State of legal domicile
- IN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Elizabeth Bushnell PhD | Executive Dir. Officer | 40 | $127,575 | $5,995 |
| Ian Boyce CFP | Chairman Trustee or director, Officer | 2 | $0 | $0 |
| Dave Haist JD | Vice Chairman Trustee or director, Officer | 1 | $0 | $0 |
| JoAnne Alvarez EdD | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Brok Lahrman CPA | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Celeste Stevens | Director Trustee or director | 0.5 | $0 | $0 |
| Tracy Davis | Director Trustee or director | 0.5 | $0 | $0 |
| Erin LaCross DPN RN | Director Trustee or director | 0.5 | $0 | $0 |
| Pete Van Baalen | Director Trustee or director | 0.5 | $0 | $0 |
| Edmond O'Neal | Director Trustee or director | 0.5 | $0 | $0 |
| Brian Engelhart | Director Trustee or director | 0.5 | $0 | $0 |
| James Cashman | Director Trustee or director | 0.5 | $0 | $0 |
| Denice Beights | Director Trustee or director | 0.5 | $0 | $0 |
| Phil Downs PhD | Director Trustee or director | 0.5 | $0 | $0 |
| Stepanie Veit | Director Trustee or director | 0.5 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Marilyn Hissong | Director Trustee or director | 0.5 | $0 |
| Jackson Magdy CPA | Director Trustee or director | 0.5 | $0 |
| Stacy Young PhD | Director Trustee or director | 0.5 | $0 |
990 for the year ended June 30, 2024: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Elizabeth Bushnell PhD | Executive Dir. Officer | 40 | $123,323 | $5,653 |
| Ian Boyce CFP | Chairman Trustee or director, Officer | 2 | $0 | $0 |
| Dave Haist JD | Vice Chairman Trustee or director, Officer | 1 | $0 | $0 |
| JoAnne Alvarez EdD | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Derek Lamle CPA | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Celeste Stevens | Director Trustee or director | 0.5 | $0 | $0 |
| Shenita Bolton M ED | Director Trustee or director | 0.5 | $0 | $0 |
| Erin LaCross DPN RN | Director Trustee or director | 0.5 | $0 | $0 |
| Pete Van Baalen | Director Trustee or director | 0.5 | $0 | $0 |
| Edmond O'Neal | Director Trustee or director | 0.5 | $0 | $0 |
| Brian Engelhart | Director Trustee or director | 0.5 | $0 | $0 |
| James Cashman | Director Trustee or director | 0.5 | $0 | $0 |
| Denice Beights | Director Trustee or director | 0.5 | $0 | $0 |
| Phil Downs PhD | Director Trustee or director | 0.5 | $0 | $0 |
| Brok Lahrman CPA | Director Trustee or director | 0.5 | $0 | $0 |
| Stepanie Veit | Director Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 6502 CONSTITUTION DR, FORT WAYNE, IN 46804-1550
- Principal officer (990 for 2024)
- Ian Boyce CFP, 6502 Constitution Drive, Fort Wayne, IN 46804
- Signed the 990
- Ian Boyce CFP, Chairman
- Phone
- (260) 407-6494
- Website
- www.questafoundation.org
- Return prepared by
- Targeted Services PC
Mission
Questa Education Foundation helps individuals access post-secondary education, graduate with less debt, and become contributing members of Northeast Indianas workforce.
Program accomplishments
- Questa Education Foundation administers the following loan and scholarship programs:During fiscal year 2025, Questa Foundation provided over $3,671,600 in Questa Scholars loans to 616 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.Expenses $3,351,677 · grants $166,068 · revenue $268,233
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 35-6025795
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1951
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B120)
- Assets (IRS master file)
- $19,877,432
- Income (IRS master file)
- $6,733,724
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $4,765,800 | $3,782,879 | $19,877,432 | XML |
| 990 | June 2024 | $4,553,614 | $3,381,296 | $18,382,715 | XML |
| 990 | June 2023 | $3,065,583 | $2,254,031 | $16,624,759 | IRS |
| 990 | June 2022 | $3,257,383 | $1,445,558 | $15,051,912 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 35-6025795).
Questions about QUESTA EDUCATION FOUNDATION INC
- What is the EIN of QUESTA EDUCATION FOUNDATION INC?
- The employer identification number (EIN) of QUESTA EDUCATION FOUNDATION INC is 35-6025795.
- Is QUESTA EDUCATION FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1951.
- Are donations to QUESTA EDUCATION FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does QUESTA EDUCATION FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of QUESTA EDUCATION FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did QUESTA EDUCATION FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of QUESTA EDUCATION FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names Ian Boyce CFP.
- Who are the officers and directors of QUESTA EDUCATION FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 18 people; 1 received compensation from the organization, the highest $127,575 (Elizabeth Bushnell PhD, Executive Dir.).
- How much revenue does QUESTA EDUCATION FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $4,765,800, expenses of $3,782,879 and total assets of $19,877,432 at year end.
Other nonprofits in FORT WAYNE
- INDIANA INSTITUTE OF TECHNOLOGY INC EIN 35-0845258 · last filed 990 for 2025
- UNIVERSITY OF SAINT FRANCIS OF FORT WAYNE INDIANA INC EIN 35-0886846 · last filed 990 for 2025
- CANTERBURY SCHOOL INC EIN 35-1410931 · last filed 990 for 2025
- TIMOTHY L JOHNSON ACADEMY EIN 61-1417541 · last filed 990 for 2025
- TAYLOR UNIVERSITY BROADCASTING INC EIN 35-1975367 · last filed 990 for 2025
- ALLEN COUNTY PUBLIC LIBRARY FOUNDATION EIN 31-1121023 · last filed 990 for 2025
- CONCORDIA EDUCATION FOUNDATION INC EIN 35-6033883 · last filed 990 for 2025
- SCHOOLS CARE INCORPORATED EIN 85-3484829 · last filed 990 for 2025