Questa Education Foundation Inc.

“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.”

“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.”

“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.”

“N/A; no other officers or key employees are compensated.”

“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.”

“Change in Beneficial Interest = $23229”

“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.”

“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.”