Public Charity

INNOVATIVE QUALITY SCHOOLS

Based in HUTCHINSON, MN, INNOVATIVE QUALITY SCHOOLS operates as a Public Charity. The organization reported $637K in revenue, $631K in expenses, $436K in total assets for fiscal year 2025. Imperigo tracks 14 reported grants from this foundation totaling approximately $130K.

EIN: 270574007 HUTCHINSON, MN Educational Services NTEE: B90 Latest filing: 2025
Total Revenue$637K
Total Expenses$631K
Total Assets$436K
Grants Given14
Grant Total$130K
Filing Years2021–2025

Mission

PLEASE SEE THE MISSION AND VISION OF INNOVATIVE QUALITY SCHOOLS (IQS) AS PREVIOUSLY STATED. DECISIONS MADE BY THE IQS BOARD ARE GUIDED BY THE FOLLOWING VALUES:1. FOCUS ON INNOVATION- TAKE RISKS TO TRY CREATIVE NEW THINGS, CHALLENGE OLD PROCESSES, AND CONTINUOUSLY ADAPT.2. ORGANIZE FOR EDUCATIONAL EXCELLENCE- COMMIT TO ACHIEVING OUR VISION, MISSION AND GOALS THROUGH THE CONTINUAL ASSESSMENT OF OUR WORK AND ACTING UPON RESULTS TO IMPROVE OUR PERFORMANCE. 3. COMMIT TO COLLABORATION- BE INTERDEPENDENT, HAVE AN OPEN FLOW OF IDEAS, LISTEN TO OTHERS, VALUE DIFFERENCES, AND CHALLENGE OUR OWN ASSUMPTIONS. 4. ENSURE ACCOUNTABILITY- UTILIZE FAIR AND RIGOROUS PROCEDURES IN THE AUTHORIZATION AND EVALUATION OF SCHOOLS IN OUR PORTFOLIO. 5. PROMOTE EQUITY, DIVERSITY, AND INCLUSION- SUPPORT INITIATIVES THAT PROMOTE EDUCATIONAL EQUITY AND OPPORTUNITY, AND SEEK DIVERSITY IN ORGANIZATIONAL REPRESENTATIVES

Where $100 goes at Innovative Quality Schools

How Innovative Quality Schools divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.

$94 Programs the work itself
$6 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $94 for programs

$94
Innovative Quality Schools is a leader in authorizing minnesota charter schools, both in minneapolis/saint paul and greater minnesota
All program spending · Reported in the filing: 8,000 students
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Sample Grants Given

MINNEAPOLIS, MN · 2024
SUPPORT A PARTNERSHIP TO ENHANCE EARLY LITERACY PRACTICES
$5,250
Minneapolis, MN · 2023
Support a partnership to develop systems and processes to support governance and operations
$13,174
Brooklyn Center, MN · 2023
PeaceMaker Minnesota Grant Partnership and Groves Literacy Partnership
$8,542
Brooklyn Park, MN · 2023
Support Groves Literacy
$5,413
Maple Grove, MN · 2022
Math and Operations Grants, Grant to support Innocent Classroom Partnership
$23,653

Showing up to 5 of 14 total records — full history available with membership.

Officers & Directors

DIRECTOR Bennice Young
SECRETARY Haben Ghebregergish
VICE CHAIR Holly Dayton
TREASURER John Schultz
DIRECTOR Katie Pekel
DIRECTOR Kristin Nielson

Officer compensation and complete director data available with membership.

Top Grant Purposes

Education
$99,587 10 grants
General Support
$25,099 3 grants
Training & Professional Development
$5,500 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $637K $631K $436K
2024 $649K $623K $358K
2023 $610K $627K $358K
2022 $603K $557K $388K
2021 $513K $465K $327K

Between 2021 and 2025, reported annual revenue grew from $513K to $637K (+24%), with total assets most recently reported at $436K.

Interactive year-over-year charts and full filing details available with membership.

Grant Geography

Grants from this foundation were reported to recipients in MN.

MN

Full geographic grant map with state-by-state breakdown available with membership.

See the full picture for INNOVATIVE QUALITY SCHOOLS

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