Indiana Secondary Market for Education Loans Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
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.
- Income
- $16.0 million
- Spending
- $13.0 million
- Spent on programs
- 75%
- Reserves
- Over 10 years of spending
- Largest source of income
- investment income, 51%
- Employees
- 17
- Volunteers
- 0
- Highest pay
- $506,699, ceo & president
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Strong: 91 out of 100. Higher than 75% of charities in its peer group (public benefit, $10m to $100m).
Reserves
35 of 35Spendable reserves would cover more than ten years of spending.
Debt
16 of 20It owes 28% of what it owns.
Living within its means
15 of 15Income exceeded spending by 19% of income.
Income trend
10 of 15Income fell 3% on the year before.
Spending floor
15 of 1575% of spending went to programs.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 100 out of 100. Higher than 44% of charities in its peer group (public benefit, $10m to $100m).
Independent board
25 of 259 of 9 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $9.8 million spent. IN FISCAL YEAR 2025, THROUGH ITS FINANCIAL AID LITERACY AND ADVISING SERVICES, INVESTED CONDUCTED 1,060 IN-PERSON EVENTS AT PARTNER SCHOOLS FOR 94,454 ATTENDEES, AND PROVIDED DIRECT ONE-ON-ONE SUPPORT TO 16,358 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.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Worth knowing.
The IRS does not require this organization to file annual returns.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since February 1981.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.