2026-03-06T09:49:30-08:00 2025-06-30 010727068 Targeted Services PC 709 Clay Street Suite 102 Fort Wayne IN 46802 990 2024-07-01 356025795 Questa Education Foundation Inc QUES 2604076494 6502 Constitution Drive Fort Wayne IN 46804 Ian Boyce CFP Chairman 2026-03-06 true true Patricia Oppor CPA P00234243 2602033121 2024 2025-03-06 01:10:19Z Ian Boyce CFP 6502 Constitution Drive Fort Wayne IN 46804 6733724 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. 17 17 12 94 0 3582343 3755514 326270 268233 645001 742053 0 4553614 4765800 170320 167950 0 725079 767815 0 171276 2485897 2847114 3381296 3782879 1172318 982921 18382715 19877432 218868 215830 18163847 19661602 Questa Education Foundation helps individuals access post-secondary education, graduate with less debt, and become contributing members of Northeast Indianas workforce. false false 3351677 166068 268233 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. 3351677 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 107 0 true 12 true false false false false false false false 0 false false false false false false false X 17 17 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 127575 0 5995 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 Brok Lahrman CPA Treasurer 1.00 0.00 X X 0 0 0 Celeste Stevens Director 0.50 0.00 X 0 0 0 Tracy Davis 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 Stepanie Veit Director 0.50 0.00 X 0 0 0 Marilyn Hissong Director 0.50 0.00 X 0 0 0 Jackson Magdy CPA Director 0.50 0.00 X 0 0 0 Stacy Young PhD Director 0.50 0.00 X 0 0 0 127575 5995 1 false false false None 0 3755514 3755514 Loan administration fees 522291 236832 236832 Loan interest & late fees 522291 31401 31401 268233 336265 336265 0 0 0 2373712 1967924 405788 405788 405788 0 0 0 0 4765800 268233 742053 0 167950 167950 0 0 136152 75860 9675 50617 0 461450 306109 97240 58101 0 118108 68403 31756 17949 52105 33347 9379 9379 0 6817 6817 32382 32382 0 0 44155 44155 37206 6327 30879 87995 85483 117 2395 19909 19075 597 237 49427 47507 1440 480 0 36000 34920 1080 2659 2127 133 399 0 0 0 0 55924 44739 11185 4403 4403 Loan Forgiveness 2464436 2464436 Miscellaneous Expense 8640 4560 3240 840 Bad Debt Expense (Recovery) -2839 -2839 0 3782879 3351677 259926 171276 3181188 2802346 0 1363311 1845040 3885628 4403173 0 0 0 0 28386 29977 457031 410805 97709 46226 9471094 10360084 0 0 0 355399 390586 18382715 19877432 27609 44531 65965 78805 125294 92494 218868 215830 X 10722369 11598525 7441478 8063077 18163847 19661602 18382715 19877432 X 982921 486609 28225 X false true X true false X 1355184 2380243 2650391 3582343 3755514 13723675 0 0 1355184 2380243 2650391 3582343 3755514 13723675 11201 13712474 141722 150742 211278 376261 336265 1216268 0 0 14939943 0.91780 0.81060 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 649551 135000 110574 20000 875125 599789 69762 20000 649551 567781 52008 20000 599789 696022 -108241 20000 567781 568762 152260 25000 696022 0.06300 0.49300 0.44400 true false false 457031 410805 46226 46226 Operating Lease Liability 92494 92494 5272679 486609 36200 28225 551034 4721645 44155 44155 4765800 3774924 36200 36200 3738724 44155 44155 3782879 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. Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 Change in value of beneficial interest $28225 true 0 0 Scholarships 99 167950 Grantmaker's Description of How Grants are Used Questa Edcuation Foundation provides scholarships aligned with our mission to help students access post-secondary and graduate with less debt. Scholarship amounts and programs vary. 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 = $28225 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 or trade programs 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.