Indiana · Nonprofit
INDIANA SECONDARY MARKET FOR EDUCATION LOANS INC
INDIANA SECONDARY MARKET FOR EDUCATION LOANS INC (Indiana) receives grants from 1 organization whose IRS filings report $105,000 to it, the largest being EDUCATIONAL CREDIT MANAGEMENT CORPORATION ($105,000). 0 of them have funded it in more than one year.
- Revenue FY2025
- $16M
- Funders on record
- 1
- Grants received
- $105k
- Net assets
- $180M
What Indiana Secondary Market for Education Loans Inc does
Mission
For over 40 years, indiana secondary market for education loans, inc. (d/b/a "invested") has provided indiana students and families critical resources and advising services to plan and finance education after high school. As indiana's only state-based, nonprofit student-loan-making and financial-literacy organization, invested plays a crucial role serving all indiana students and families before, during, and after their post-secondary studies to make post-secondary educational attainment affordable. Invested provides students and families various services through its student loan program and its financial aid literacy and advising programs, all at no cost to students, their families, or indiana taxpayers.
As stated on its FY2025 Form 990.
Program
In fiscal year 2024, through its financial aid literacy and advising services, invested conducted 959 in-person events at partner schools for 69,481 attendees, and provided direct one-on-one support to 20,654 individuals. Information discussed and shared during group events and individual sessions includes, but is not limited to:- materials and information: demonstrating the value proposition of postsecondary credentials and degrees;- resources: demystifying information barriers, and assistance carefully navigating available grants, scholarships, cost savings, and optimal funding options to meet postsecondary education needs and career goals; and - assistance: accessing indiana's exceptionally generous state financial aid program, as well as federal resources through programs like free application for student aid (fafsa) completion events, and ongoing concierge-style guidance and support by phone, email, and online chat.
$14,750,442 spentof which $6,750,000 as grants$7,970,690 earned by the program100% of program spending
The program described on its FY2023 Form 990. Program spending in total: $14,750,442.
The organization over time
Each line starts at 100 in 2024, so what you read is the shape rather than the size: 150 means half as much again as 2024, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $241M to $251M (+4%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
0% of INDIANA SECONDARY MARKET FOR EDUCATION LOANS INC’s revenue is contributions — more earned-revenue than three-quarters of its peers (30% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 2 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Joseph Wood
CEO & president
Board chair
Charles E Schalliol
Chairperson
As listed on its FY2025 Form 990.
Who funds it, year by year
Grant support over time, funder by funder — shade shows the grant size each year.
From the IRS filings of INDIANA SECONDARY MARKET FOR EDUCATION LOANS INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
INDIANA SECONDARY MARKET FOR EDUCATION LOANS INC draws 100% of its grant income from funders outside Indiana, across 1 state in all.
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
INDIANA SECONDARY MARKET FOR EDUCATION LOANS INC runs a healthier operating margin than three-quarters of the 132 public benefit nonprofits its size.
this organization peer median middle 50% of peers· 132 public benefit nonprofits $10M–$100M, FY2025
Organizations like INDIANA SECONDARY MARKET FOR EDUCATION LOANS INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Indiana
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
75% of spending goes to programs.
Governance
Public support
87%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 1 related entity
- Accelerate Indiana Inc · exempt
Screen this organization
A dated, signed PDF of the compliance screen for INDIANA SECONDARY MARKET FOR EDUCATION LOANS INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds INDIANA SECONDARY MARKET FOR EDUCATION LOANS INC?
- INDIANA SECONDARY MARKET FOR EDUCATION LOANS INC (Indiana) receives grants from 1 organization whose IRS filings report $105,000 to it, the largest being EDUCATIONAL CREDIT MANAGEMENT CORPORATION ($105,000). 0 of them have funded it in more than one year.
- How many funders does INDIANA SECONDARY MARKET FOR EDUCATION LOANS INC have?
- IRS filings report 1 organization giving $105,000 in grants to INDIANA SECONDARY MARKET FOR EDUCATION LOANS INC.
- Who is the largest funder of INDIANA SECONDARY MARKET FOR EDUCATION LOANS INC?
- EDUCATIONAL CREDIT MANAGEMENT CORPORATION is the largest funder on record, with $105,000 in grants. The full list of funders is on this page.
- How can an organization like INDIANA SECONDARY MARKET FOR EDUCATION LOANS INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Indiana. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2024–2025), and the filings of 1 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing