2025-07-23T00:18:26-05:00 2024-09-30 470677245 HBE LLP 7140 STEPHANIE LANE PO BOX 23110 LINCOLN NE 685423110 990 2023-10-01 311777710 FOUNDATION FOR EDUCATIONAL FUNDING II FOUN 4024796617 PO BOX 82552 LINCOLN NE 685012522 ELIZABETH S KOOP PRESIDENT & CEO 4024796617 2025-07-18 1 0 EMILY E ARRIGO CPA P02165555 4024234343 2025-07-18 2023 2025-03-06 01:10:19Z EDUCATIONQUEST FOUNDATION ELIZABETH S KOOP PO BOX 82552 LINCOLN NE 685012522 22276455 0 X WWW.EDUCATIONQUEST.ORG X 2001 NE IMPROVE ACCESS TO HIGHER EDUCATION IN NEBRASKA: THIS ORGANIZATION'S EXCLUSIVE PURPOSE IS TO OPERATE AS A SUPPORTING ORGANIZATION BY CONDUCTING OR SUPPORTING ACTIVITIES FOR THE BENEFIT OR TO PERFORM THE FUNCTION OF, OR TO CARRY OUT THE PURPOSES OF, EDUCATIONQUEST FOUNDATION, A NEBRASAKA NONPROFIT ORGANIZATION UNDER SECTION 501(C)(3), 509(A)(2) OF THE INTERNAL REVENUE CODE. 8 7 5 15 0 90155 50000 121363 0 5287 7577157 10524646 37 0 7627194 10651296 1041880 1047623 0 0 3511875 3715545 0 0 0 2787221 6045520 7340976 10808688 286218 -157392 178085319 195006071 1229793 2448329 176855526 192557742 X IMPROVE ACCESS TO HIGHER EDUCATION IN NEBRASKA 0 0 1718809 625832 SCHOLARSHIP AWARDS TO STUDENTS ATTENDING QUALIFIED POST-SECONDARY INSTITUTIONS OF HIGHER EDUCATION IN THE STATE OF NEBRASKA. (AWARDED BY FORMULA ON AN OBJECTIVE NONDISCRIMINATORY BASIS.) 957659 421791 GRANT AWARDS TO HIGH SCHOOLS, EITHER PUBLIC OR PRIVATE TAX-EXEMPT ORGANIZATIONS, TO ENHANCE EFFORTS TO INCREASE THEIR COLLEGE-GOING RATES. (AWARDS DETERMINED USING OBJECTIVE NONDISCRIMINATORY CRITERIA.) 3588989 FREE COLLEGE PLANNING SERVICES INCLUDING COLLEGE RESEARCH, EXPLORATION OF CAREER OPTIONS, SCHOLARSHIP SEARCH, FAFSA COMPLETION AND FILING, AND FINANCIAL AID OPTIONS. (AVAILABLE TO ALL STUDENTS AND FAMILIES IN NEBRASKA REGARDLESS OF COLLEGE DESTINATION.) THREE OFFICES IN NEBRASKA OPEN TO THE PUBLIC: KEARNEY, LINCOLN, AND OMAHA. 2798843 TO SUPPORT EDUCATIONQUEST FOUNDATION TO PROVIDE ACCESS TO HIGHER EDUCATION IN NEBRASKA. 2798843 9064300 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 14 0 1 5 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 8 7 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X JODI BENJAMIN 4024796617 PO BOX 82552 LINCOLN NE 685012552 CRAIG AMES DIRECTOR 1.00 X 21750 0 0 MICHAEL GREEN DIRECTOR 1.00 X 13500 0 0 WENDY BOYER DIRECTOR 1.00 X 11500 0 0 DEBBIE COOPER DIRECTOR 1.00 X 13000 0 0 KELLY LEEPER DIRECTOR 1.00 X 13750 0 0 THOMAS SMITH DIRECTOR 1.00 X 9750 10750 0 ELIZABETH S KOOP PRESIDENT/CEO/DIRECTOR 40.00 X X 368289 0 62033 JENNIFER STRAND DIRECTOR 1.00 X 9750 0 0 MIGUEL CARRANZA DIRECTOR 1.00 X 6500 0 0 DAPHANE HALL SENIOR VICE PRESIDENT 40.00 X 173992 0 22869 MICHAEL J TIMMINS CFO/SENIOR VICE PRESIDENT 40.00 X 186015 0 50640 ERIC DRUMHELLER VICE PRESIDENT 40.00 X 120942 0 37046 REGAN ANSON ASSISTANT VP OF COMMUNICATION 40.00 X 115375 0 28833 1064113 10750 201421 5 0 1 0 MERCER 701 MARKET STREET STE 1100 ST LOUIS MO 63101 INVESTMENT CONSULTING 170182 1 121363 121363 EDUCATIONAL EVENTS 611600 5287 5287 5287 4566128 4566128 17583677 11625159 5958518 5958518 5958518 10651296 5287 0 10524646 421791 421791 625832 625832 1082770 745302 337468 1646597 1518126 128471 380703 338885 41818 423081 372081 51000 182394 158049 24345 32215 32215 18785 18785 814408 814408 1500 1500 169329 169329 1111686 979278 132408 228616 177718 50898 647515 560052 87463 74668 70261 4407 22458 16572 5886 2798843 2798843 123430 112181 11249 UBI TAX 2067 2067 10808688 9064300 1744388 0 84139 20271 5069455 8703883 88183 359431 435321 411200 1010491 787926 337557 222565 77757938 85172417 90486103 95757900 3826623 4358404 178085319 195006071 606464 514847 1395267 623329 538215 1229793 2448329 X 176855526 192557742 176855526 192557742 178085319 195006071 -157392 15859608 0 X X 0 1 X 1 0 X X 1 EDUCATIONQUEST FOUNDATION 470606382 10 1 9994280 0 1 9994280 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 66545 66545 0 39729 31895 7834 904217 689486 214731 222565 PRIVATE EQUITY 73930674 F ALTERNATIVE INVESTMENTS 21827226 F 95757900 LEASE LIABILITY 538215 538215 X 26830468 15859608 1133972 16993580 9836888 814408 814408 10651296 8774900 1579463 1579463 7195437 814408 2798843 3613251 10808688 PART X, LINE 2: THE FOUNDATION FOR EDUCATIONAL FUNDING II IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT ON NET INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES. FOR THE YEAR ENDED SEPTEMBER 30, 2024, THE FOUNDATION FOR EDUCATIONAL FUNDING II HAD NO TAX LIABILITY ON UNRELATED BUSINESS ACTIVITY. THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: EDUCATIONQUEST TIN 47-0606382 REVENUES 1,133,972. PART XII, LINE 2D - OTHER ADJUSTMENTS: EDUCATIONQUEST TIN 47-0606382 EXPENSES 1,579,463. PART XII, LINE 4B - OTHER ADJUSTMENTS: EDUCATIONQUEST TIN 47-0606382 ELIMINATED IN FINANCIALS 2,798,843. 1 FREMONT HIGH SCHOOL 130 E 9TH STREET FREMONT NE 68025 476002550 NEBRASKA 7500 0 COLLEGE ACCESS GERING HIGH SCHOOL 1519 10TH STREET GERING NE 69341 476005311 NEBRASKA 10000 0 COLLEGE ACCESS COLUMBUS HIGH SCHOOL 2410 16TH STREET COLUMBUS NE 68601 476004811 NEBRASKA 21506 0 COLLEGE ACCESS LINCOLN HIGH SCHOOL 2229 J STREET LINCOLN NE 68510 476003955 NEBRASKA 16142 0 COLLEGE ACCESS LINCOLN SOUTHEAST HIGH SCHOOL 2930 S 37TH STREET LINCOLN NE 68506 476003955 NEBRASKA 10000 0 COLLEGE ACCESS NORFOLK HIGH SCHOOL 801 RIVERSIDE BLVD NORFOLK NE 68701 476004162 NEBRASKA 30000 0 COLLEGE ACCESS OMAHA BENSON HIGH SCHOOL 5120 MAPLE STREET OMAHA NE 68104 476002629 NEBRASKA 10000 0 COLLEGE ACCESS BELLEVUE WEST HIGH SCHOOL 1501 THURSTON AVE BELLEVUE NE 68123 476005158 NEBRASKA 15000 0 COLLEGE ACCESS GRAND ISLAND NORTHWEST HIGH SCHOOL 2710 NORTH ROAD GRAND ISLAND NE 68803 476003169 NEBRASKA 10000 0 COLLEGE ACCESS KEARNEY HIGH SCHOOL 320 W 24TH STREET KEARNEY NE 68845 476001393 NEBRASKA 15250 0 COLLEGE ACCESS LINCOLN SOUTHWEST HIGH SCHOOL 7001 S 14TH STREET LINCOLN NE 68512 476003955 NEBRASKA 10000 0 COLLEGE ACCESS NEBRASKA CITY HIGH SCHOOL 1700 14TH AVENUE NEBRASKA CITY NE 68410 470746454 NEBRASKA 10000 0 COLLEGE ACCESS NORTH PLATTE HIGH SCHOOL 1220 W 2ND STREET NORTH PLATTE NE 69101 476004045 NEBRASKA 10000 0 COLLEGE ACCESS OMAHA BRYAN HIGH SCHOOL 4700 GILES ROAD OMAHA NE 68157 476002629 NEBRASKA 15000 0 COLLEGE ACCESS OMAHA NORTH HIGH SCHOOL 4410 N 36TH STREET OMAHA NE 68111 476002629 NEBRASKA 15000 0 COLLEGE ACCESS RAYMOND CENTRAL HIGH SCHOOL 1800 W AGNEW ROAD RAYMOND NE 68428 470948450 NEBRASKA 5898 0 COLLEGE ACCESS SCOTTSBLUFF HIGH SCHOOL 2601 BROADWAY SCOTTSBLUFF NE 69361 476005320 NEBRASKA 15000 0 COLLEGE ACCESS SIDNEY HIGH SCHOOL 1101 21ST AVENUE SIDNEY NE 69162 476001927 NEBRASKA 7500 0 COLLEGE ACCESS CONESTOGA HIGH SCHOOL PO BOX 40 MURRAY NE 68409 363606388 NEBRASKA 9079 0 COLLEGE ACCESS 0 19 SCHOLARSHIPS TO STUDENTS ATTENDING COLLEGES IN NEBRASKA 107 625832 PART I, LINE 2: GRANTS RECIPIENTS RECEIVE TWO SITE VISITS ANNUALLY, AT WHICH TIME THE OUTCOMES FROM THE REQUIREMENTS OF THE GRANTS ARE MONITORED. DURING THE SITE VISIT, ANTICIPATED AND COMPLETED BUDGETS ARE DISCUSSED TO ANSWER QUESTIONS REGARDING REPORTING REQUIREMENTS. ANNUALLY, GRANTEES SUPPLY BOTH BUDGET AND ACTIVITY REPORTS DETAILING HOW BUDGET EXPENSES LINK TO THE REQUIREMENTS OF THE GRANT. X X X X X 0 1 0 0 0 0 0 1 0 ELIZABETH S KOOP PRESIDENT/CEO/DIRECTOR 323261 0 44500 0 528 0 37072 0 24961 0 430322 0 0 0 MICHAEL J TIMMINS CFO/SENIOR VICE PRESIDENT 163187 0 22000 0 828 0 37327 0 13313 0 236655 0 0 0 DAPHANE HALL SENIOR VICE PRESIDENT 155214 0 18250 0 528 0 21360 0 1509 0 196861 0 0 0 ERIC DRUMHELLER VICE PRESIDENT 107414 0 13000 0 528 0 23990 0 13056 0 157988 0 0 0 PART I, LINE 7 EMPLOYEE'S RECEIVE BONUSES FOR EMPLOYEE PERFORMANCE AGAINST STATED INDIVIDUAL GOALS. PART 1, LINE 4B TAX-EXEMPT ELIGIBLE 457B PLAN (PLAN SECTION 1.35 (B)) ELIZABETH KOOP. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION (FOUNDATION FOR EDUCATIONAL FUNDING II, INC.) IS A 509(A)(3) SUPPORTING ORGANIZATION OF EDUCATIONQUEST FOUNDATION, INC., A NEBRASKA NONPROFIT CORPORATION AND 501(C)(3) ENTERPRISE. EDUCATIONQUEST FOUNDATION, INC. IS THE SOLE MEMBER OF THE FOUNDATION FOR EDUCATIONAL FUNDING II, INC. FORM 990, PART VI, SECTION A, LINE 7A EDUCATIONQUEST FOUNDATION, INC. SELECTS THE BOARD MEMBERS OF THE FOUNDATION FOR EDUCATIONAL FUNDING II, INC. FORM 990, PART VI, SECTION A, LINE 7B IN ACCORDANCE WITH THE GOVERNANCE DOCUMENTS AND AS A MATTER OF PRACTICE, EDUCATIONQUEST FOUNDATION, INC. HAS ELECTED THE SAME BOARD MEMBERS AS THOSE WHO SERVE ON THE BOARD OF EDUCATIONQUEST, INC. SO ALL DECISIONS OF THE FOUNDATION FOR EDUCATIONAL FUNDING II, INC. ARE MADE BY THE SAME BOARD MEMBERS WHO SERVE ON THE BOARD OF EDUCATIONQUEST FOUNDATION, INC. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY ADMINISTRATIVE STAFF, LEGAL COUNSEL, AND THE AUDIT COMMITTEE BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION FOR EDUCATIONAL SERVICES, II, INC. MAINTAINS A COMPREHENSIVE CONFLICT OF INTEREST POLICY FOR DIRECTORS AND OFFICERS. THE POLICY EXISTS TO IDENTIFY POTENTIAL INSTANCES IN WHICH AN INDIVIDUAL COULD OBTAIN A DIRECT OR INDIRECT PERSONAL GAIN OR ADVANTAGE TO THE DETRIMENT OF THE ORGANIZATION, OR WHERE AN INDIVIDUAL'S CONDUCT COULD HAVE AN ADVERSE OR POTENTIALLY ADVERSE EFFECT ON THE INTERESTS OF THE ORGANIZATION. THE POLICY CONTAINS AN AFFIRMATIVE DUTY TO DISCLOSE, AS WELL AS A SPECIFIC PROCESS FOR DISCLOSURES OF POTENTIAL CONFLICTS OF INTEREST, A PROTOCOL IN WHICH INDEPENDENT, OUTSIDE LEGAL COUNSEL IS USED TO EVALUATE WHETHER A CONFLICT EXISTS, PROCEDURES FOR ADDRESSING ACTUAL CONFLICTS OF INTEREST, AND CONSEQUENCES FOR VIOLATIONS OF THE CONFLICTS POLICY. THE POLICY REQUIRES ALL DIRECTORS AND OFFICERS TO COMPLETE AND SUBMIT AN ANNUAL CONFLICTS DISCLOSURE FORM TO OUTSIDE LEGAL COUNSEL. IN ADDITION, THE CONFLICT OF INTEREST POLICY IS INCLUDED IN THE EMPLOYEE HANDBOOK WHICH ALL EMPLOYEES MUST ACKNOWLEDGE AND AGREE TO ABIDE BY. FORM 990, PART VI, SECTION B, LINE 15 OUTSIDE LEGAL COUNSEL UNDERTAKES A COMPREHENSIVE EVALUATION OF THE COMPENSATION AND BENEFIT PACKAGES FOR OFFICERS AND OTHER AFFECTED EMPLOYEES OF THE ORGANIZATION, COMPARING THE SAME TO RELEVANT HISTORY AND OTHER MARKET COMPARABLES. COUNSEL THEN PROVIDES TO THE BOARD OF DIRECTORS A SUMMARY OF THE COMPARABILITY DATA, AN ANALYSIS OF THE DATA RELATIVE TO THE ORGANIZATIONAL EMPLOYEES, AND A REASONED OPINION CONCERNING HIS CONCLUSION. THE BOARD OF DIRECTORS THEN CONFIRMS AND RATIFIES ALL COMPENSATION/BENEFITS PACKAGES, WITH THE DECISION PROCESS PROPERLY DOCUMENTED AS REQUIRED BY THE REGULATIONS. ON A ROUTINE BASIS WE ENGAGE AN INDEPENDENT COMPENSATION SPECIALIST TO PROVIDE COMPARABLE DATA FOR KEY POSITIONS. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION FOR EDUCATIONAL FUNDING II DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. PART XII, LINE 2C THE AUDIT COMMITTEE REVIEWS THE AUDIT PROCESS AND THE FINANCIAL STATEMENTS ANNUALLY. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS FOUNDATION FOR EDCUATIONAL SERVICES INC PO BOX 82552 LINCOLN NE 68501 470703499 SUPPORTING ORGANIZATION NE 501(C)(3) LINE 12B, II 0 EDUCATIONQUEST FOUNDATION INC PO BOX 82552 LINCOLN NE 68501 470606382 COLLEGE ACCESS NE 501(C)(3) LINE 10 0 0 1 0 0 0 0 0 0 0 0 1 1 0 1 1 0 1 0 0 EDUCATIONQUEST FOUNDATION INC L 7195435 COST FOUNDATION FOR EDUCATIONAL SERVICES INC N 935487 COST FOUNDATION FOR EDUCATIONAL SERVICES INC K 489814 COST FOUNDATION FOR EDUCATIONAL SERVICES INC O 2384129 COST EDUCATIONQUEST FOUNDATION INC Q 3315 COST EDUCATIONQUEST FOUNDATION INC B 2798843 COST