Public Charity

INDIANA SECONDARY MARKET FOR EDUCATION LOANS INC

INDIANA SECONDARY MARKET FOR EDUCATION LOANS INC is a Public Charity headquartered in INDIANAPOLIS, IN. Financial data from the 2025 filing: $16.0M revenue, $13.0M expenses, $251.2M total assets. 1 publicly reported grants to this organization, totaling roughly $105K, appear in IRS filings.

EIN: 310995844 INDIANAPOLIS, IN Financial Institutions NTEE: W60 Latest filing: 2025
Total Revenue$16.0M
Total Expenses$13.0M
Total Assets$251.2M
Grant Records1
Funding Total$105K
Filing Years2024–2025

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.

Where $100 goes at Indiana Secondary Market for Education Loans Inc

How Indiana Secondary Market for Education Loans Inc divides every $100 it spends, from its own Form 990 filings, averaged across 2 years.

$79 Programs the work itself
$21 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 $79 for programs

$79
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…
All program spending · Reported in the filing: 1,060 events; 94,454 attendees; 16,358 individuals
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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.

Officers & Directors

BOARD MEMBER Betsy Wiley
SECRETARY Carol D'amico
CHAIRPERSON Charles E Schalliol
SENIOR FINANCIAL ANALYST Cynthia Stonerock
BOARD MEMBER Doug Brown
VICE CHAIRPERSON Fred Payne

Officer compensation and complete director data available with membership.

Top Grant Purposes

Education
$105,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $16.0M $13.0M $251.2M
2024 $16.6M $18.0M $241.4M

Between 2024 and 2025, reported annual revenue declined from $16.6M to $16.0M (-3%), with total assets most recently reported at $251.2M.

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

Similar Organizations in IN

LITCHFIELD MEMORIAL STUDENT LOAN FUND INC
EVANSVILLE, IN · Financial Institutions

Browse all nonprofits & foundations in Indianapolis, →

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