FOUNDATION FOR EDUCATIONAL FUNDING: Form 990, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- FOUNDATION FOR EDUCATIONAL FUNDING (EIN 31-1777710)
- Tax period
- 2015-10-01 to 2016-09-30
- Filed
- 2017-05-11
- IRS object ID
- 201711319349302801
- Schema version
- 2015v3.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-05-11T11:56:02-05:00 | ReturnTs |
| Tax Period End | 2016-09-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 470526649 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DANA F COLE & COMPANY LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1248 O STREET SUITE 500 | AddressLine1Txt |
| City | LINCOLN | CityNm |
| State Abbreviation | NE | StateAbbreviationCd |
| ZIP | 68508 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2015-10-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 311777710 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FOUNDATION FOR EDUCATIONAL FUNDING II | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | FOUN | BusinessNameControlTxt |
| Phone | 4024796618 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 82552 | AddressLine1Txt |
| City | LINCOLN | CityNm |
| State Abbreviation | NE | StateAbbreviationCd |
| ZIP | 685012552 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Elizabeth S Koop | PersonNm |
| Person Title | President & CEO | PersonTitleTxt |
| Phone | 4024796618 | PhoneNum |
| Signature | 2017-05-05 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | KERRY GUSTAFSSON | PreparerPersonNm |
| PTIN | P00735722 | PTIN |
| Phone | 4024799300 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990 IRS990
Doing Business As Name DoingBusinessAsName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EducationQuest Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Elizabeth S Koop | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 82552 | AddressLine1Txt |
| City | LINCOLN | CityNm |
| State Abbreviation | NE | StateAbbreviationCd |
| ZIP | 685012552 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $28,065,132 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.educationquest.org | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2001 | FormationYr |
| Legal Domicile State | NE | LegalDomicileStateCd |
| Activity Or Mission | 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 Nebraska nonprofit organization under section (501(c)(3), 509(a)(2) of the Internal Revenue Code. | ActivityOrMissionDesc |
| Voting Members Governing Body | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 6 | VotingMembersIndependentCnt |
| Total Employee | 4 | TotalEmployeeCnt |
| Total Volunteers | 70 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $191,290 | PYContributionsGrantsAmt |
| CY Contributions Grants | $63,149 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $8,825,080 | PYInvestmentIncomeAmt |
| CY Investment Income | $2,683,923 | CYInvestmentIncomeAmt |
| PY Other Revenue | $31,630 | PYOtherRevenueAmt |
| CY Other Revenue | $37,165 | CYOtherRevenueAmt |
| PY Total Revenue | $9,048,000 | PYTotalRevenueAmt |
| CY Total Revenue | $2,784,237 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $915,080 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $795,574 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $2,792,030 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $2,849,818 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $2,629,174 | PYOtherExpensesAmt |
| CY Other Expenses | $2,651,532 | CYOtherExpensesAmt |
| PY Total Expenses | $6,336,284 | PYTotalExpensesAmt |
| CY Total Expenses | $6,296,924 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $2,711,716 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$3,512,687 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $133,342,456 | TotalAssetsBOYAmt |
| Total Assets EOY | $136,503,933 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $180,434 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $307,296 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $133,162,022 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $136,196,637 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | Improve access to Higher Education in Nebraska. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $1,385,098 | ExpenseAmt |
| Grant | $372,355 | GrantAmt |
| Desc | 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.)Development and maintenance of a searchable scholarship database for the state of Nebraska with free on-line access.Development and maintenance of an activities resume for scholarship searching with free online access.Free outreach and training for community agencies in the state of Nebraska regarding career options, scholarships, FAFSA completion, financial aid options, and other college planning materials for their clients.Administration of the EducationQuest Scholarship Program funded by EducationQuest Foundation TIN 47-0606382 in the amount of $1,517,200 | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $839,812 | ExpenseAmt |
| Grant | $423,219 | GrantAmt |
| Desc | 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.)Free annual workshops on college access for Nebraska high schools and a free biennial symposium on state-wide college access issues.Free publications: College Access Nebraska Best practice guide for college access in Nebraska high schools.Grants to middle schools in Nebraska for visits to college campuses. (Awarded by formula on an objective nondiscriminatory basis.) | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $2,933,433 | ExpenseAmt |
| Revenue | $37,166 | RevenueAmt |
| Desc | 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.Sponsor statewide college fairs and conduct free college planning presentations around Nebraska.Development and maintenance of a website that provides information for middle school and high school students and parents, adult learners, students with disabilities, Nebraska school agency professionals, plus college professionals. Tools to assist with college selection, college costs estimator, FAFSA tutorial, index of majors and college planning time-lines. Free on-line access available in English and Spanish.Free college access training for Nebraska middle and high schools, and Nebraska community agencies.Free Publications: College Prep Handbook in English and Spanish for 11th and 12th grades students and parents, KnowHow2GO Handbook in English and Spanish for 8th-10th grades students and parents, Adult Learner Handbook and College Planning for Students with Disabilities. KnowHow2GO activities for counselors, educators, and community agency staff. Nebraska sponsor for the KnowHow2GONebraska campaign. Recruit and train college-age student ambassadors to present to 8th-10 grade students through pep-rallies and other college access activities geared toward 8th-10th grade students.Increase awareness of college access through billboards, radio and TV spots, emails, and ads. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $5,158,343 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 17 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 4 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 7 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 6 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | Yes (1) | LocalChaptersInd |
| Policies Reference Chapters | Yes (1) | PoliciesReferenceChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Michael J Timmins | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 4024796618 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 82552 | AddressLine1Txt |
| City | Lincoln | CityNm |
| State Abbreviation | NE | StateAbbreviationCd |
| ZIP | 685012552 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (10 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd |
|---|---|---|---|---|---|---|
| Craig Ames | ||||||
| Chairman | 1.00 | Yes (X) | $19,500 | $0 | $0 | |
| Miguel Carranza | ||||||
| Director | 1.00 | Yes (X) | $10,750 | $0 | $0 | |
| Lee Galles | ||||||
| Director | 1.00 | Yes (X) | $12,250 | $0 | $0 | |
| Michael Green | ||||||
| Director | 1.00 | Yes (X) | $12,250 | $0 | $0 | |
| Jack Huck | ||||||
| Director | 1.00 | Yes (X) | $10,750 | $11,500 | $0 | |
| Wendy Boyer | ||||||
| Director | 1.00 | Yes (X) | $11,250 | $0 | $0 | |
| Elizabeth S Koop | ||||||
| President/CEO/Director | 40.00 | Yes (X) | $269,135 | $1,000 | $62,899 | Yes (X) |
| Daphne Hall | ||||||
| Senior Vice President, College Access Programs | 40.00 | $129,576 | $0 | $13,911 | Yes (X) | |
| Michael J Timmins | ||||||
| Senior Vice President, Fiscal Operations | 40.00 | $130,306 | $0 | $37,085 | Yes (X) | |
| Eric Drumheller | ||||||
| Assistant Vice President, Grants & Scholarships | 40.00 | $84,029 | $0 | $22,411 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $689,796 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $12,500 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $136,306 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 3 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp
Contractor Name ContractorName
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MERCER | BusinessNameLine1Txt |
Contractor Address ContractorAddress
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 701 MARKET STREET SUITE 1100 | AddressLine1Txt |
| City | ST LOUIS | CityNm |
| State Abbreviation | MO | StateAbbreviationCd |
| ZIP | 63101 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Services | INVESTMENT CONSULTING | ServicesDesc |
| Compensation | $147,363 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 1 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $13,149 | GovernmentGrantsAmt |
| All Other Contributions | $50,000 | AllOtherContributionsAmt |
| Total Contributions | $63,149 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,237,105 | TotalRevenueColumnAmt |
| Exclusion | $2,237,105 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $25,727,713 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $25,280,895 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $446,818 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $446,818 | TotalRevenueColumnAmt |
| Exclusion | $446,818 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| College Fair Registration | 611710 | $37,034 | $37,034 |
| Miscellaneous revenue | 900099 | $131 | $131 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $37,165 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,784,237 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $37,165 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $2,683,923 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $423,219 | TotalAmt |
| Program Services | $423,219 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $372,355 | TotalAmt |
| Program Services | $372,355 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $722,292 | TotalAmt |
| Program Services | $456,671 | ProgramServicesAmt |
| Management And General | $265,621 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,332,136 | TotalAmt |
| Program Services | $1,248,270 | ProgramServicesAmt |
| Management And General | $83,866 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $318,955 | TotalAmt |
| Program Services | $283,711 | ProgramServicesAmt |
| Management And General | $35,244 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $343,242 | TotalAmt |
| Program Services | $308,425 | ProgramServicesAmt |
| Management And General | $34,817 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $133,193 | TotalAmt |
| Program Services | $116,348 | ProgramServicesAmt |
| Management And General | $16,845 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,594 | TotalAmt |
| Management And General | $22,594 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,560 | TotalAmt |
| Management And General | $8,560 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $480,063 | TotalAmt |
| Management And General | $480,063 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,576 | TotalAmt |
| Program Services | $2,576 | ProgramServicesAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $96,159 | TotalAmt |
| Program Services | $96,159 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $758,530 | TotalAmt |
| Program Services | $677,213 | ProgramServicesAmt |
| Management And General | $81,317 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $758,917 | TotalAmt |
| Program Services | $712,924 | ProgramServicesAmt |
| Management And General | $45,993 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $399,337 | TotalAmt |
| Program Services | $346,143 | ProgramServicesAmt |
| Management And General | $53,194 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $70,441 | TotalAmt |
| Program Services | $65,382 | ProgramServicesAmt |
| Management And General | $5,059 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $50,165 | TotalAmt |
| Program Services | $46,270 | ProgramServicesAmt |
| Management And General | $3,895 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,190 | TotalAmt |
| Program Services | $2,677 | ProgramServicesAmt |
| Management And General | $1,513 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,296,924 | TotalAmt |
| Program Services | $5,158,343 | ProgramServicesAmt |
| Management And General | $1,138,581 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $486,569 | BOYAmt |
| EOY | $559,554 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,937,914 | BOYAmt |
| EOY | $6,626,762 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $150,855 | BOYAmt |
| EOY | $261,657 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $48,327 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $47,609 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $718 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $88,655,670 | BOYAmt |
| EOY | $89,560,046 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $38,111,448 | BOYAmt |
| EOY | $39,495,196 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $133,342,456 | BOYAmt |
| EOY | $136,503,933 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $180,434 | BOYAmt |
| EOY | $307,296 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $180,434 | BOYAmt |
| EOY | $307,296 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $133,162,022 | BOYAmt |
| EOY | $136,196,637 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $133,162,022 | BOYAmt |
| EOY | $136,196,637 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $133,342,456 | BOYAmt |
| EOY | $136,503,933 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$3,512,687 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $7,779,302 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$1,232,000 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | Yes (X) | SupportingOrganization509a3Ind |
| Supporting Org Type2 | Yes (X) | SupportingOrgType2Ind |
| Supported Organizations | 1 | SupportedOrganizationsCnt |
Supported Org Information SupportedOrgInformationGrp
Supported Organization Name SupportedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EDUCATIONQUEST FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 470606382 | EIN |
| Organization Type | 9 | OrganizationTypeCd |
| Governing Document Listed | Yes (1) | GoverningDocumentListedInd |
| Support | $5,816,849 | SupportAmt |
| Other Support | $0 | OtherSupportAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supported Organizations Total | 1 | SupportedOrganizationsTotalCnt |
| Support Sum | $5,816,849 | SupportSumAmt |
| Other Support Sum | $0 | OtherSupportSumAmt |
Form990 Sch A Supporting Org Form990SchASupportingOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Listed By Name Governing Doc | Yes (1) | ListedByNameGoverningDocInd |
| Suprt Org No IRS Determination | 0 | SuprtOrgNoIRSDeterminationInd |
| Supported Org Section C456 | 0 | SupportedOrgSectionC456Ind |
| Supported Org Not Organized US | 0 | SupportedOrgNotOrganizedUSInd |
| Organization Change Suprt Org | 0 | OrganizationChangeSuprtOrgInd |
| Support Non Supported Org | 0 | SupportNonSupportedOrgInd |
| Payment Substantial Contribtr | 0 | PaymentSubstantialContribtrInd |
| Loan Disqualified Person | 0 | LoanDisqualifiedPersonInd |
| Controlled Disqualified Prsn | 0 | ControlledDisqualifiedPrsnInd |
| Disqualified Prsn Controll Int | 0 | DisqualifiedPrsnControllIntInd |
| Disqualified Prsn Ownr Int | 0 | DisqualifiedPrsnOwnrIntInd |
| Excess Business Holdings Rules | 0 | ExcessBusinessHoldingsRulesInd |
| Contribution Controller | 0 | ContributionControllerInd |
| Contribution Family | 0 | ContributionFamilyInd |
| Contribution35 Controlled | 0 | Contribution35ControlledInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Majority Dir Trst Supported Org | Yes (1) | MajorityDirTrstSupportedOrgInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $6,502 | OtherCostOrOtherBasisAmt |
| Depreciation | $5,795 | DepreciationAmt |
| Book Value | $707 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $30,034 | OtherCostOrOtherBasisAmt |
| Depreciation | $30,023 | DepreciationAmt |
| Book Value | $11 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $11,791 | OtherCostOrOtherBasisAmt |
| Depreciation | $11,791 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $718 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (2 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| Private Equity | $20,971,992 | F |
| Alternative Investments | $18,523,204 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $39,495,196 | TotalBookValueSecuritiesAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $9,840,535 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $7,779,302 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$242,929 | OtherRevenueAmt |
| Revenue Not Reported | $7,536,373 | RevenueNotReportedAmt |
| Revenue Subtotal | $2,304,162 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $480,075 | InvestmentExpensesNotIncldAmt |
| Revenue Not Reported Fincl Stmt | $480,075 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $2,784,237 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $7,358,669 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $1,541,820 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $1,541,820 | ExpensesNotReportedAmt |
| Expenses Subtotal | $5,816,849 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $480,075 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $480,075 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $6,296,924 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part X, Line 2: | The Organization has adopted the provisions of FASB ASC 740-10, "Accounting for Income Taxes", under the provisions of FSP FIN 48-3. The Organization continually evaluates expiring statutes of limitations, audits, proposed settlements, changes in tax law, and new authoritative rulings. Returns for tax years 2012 and after are open to examination by the respective authorities. |
| Part XI, Line 2d - Other Adjustments: | EducationQuest TIN 47-0606382 revenues -242,929. |
| Part XII, Line 2d - Other Adjustments: | EducationQuest TIN 47-0606382 expenses 1,541,820. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (26 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|
| Alliance Public Schools | |||||||
| 1223 Sweetwater | Alliance | NE | 69301 | 476001263 | Nebraska | $6,889 | College Access |
| Aurora Public Schools | |||||||
| 300 L Street | Aurora | NE | 68818 | 476014245 | Nebraska | $7,500 | College Access |
| Chadron Public Schools | |||||||
| 901 Cedar Street | Chadron | NE | 69337 | 476002337 | Nebraska | $5,000 | College Access |
| Central City Public Schools | |||||||
| 1510 28th Street | Central City | NE | 68826 | 476004254 | Nebraska | $5,000 | College Access |
| Columbus Public Schools | |||||||
| 2200 26th Street | Columbus | NE | 68601 | 476004811 | Nebraska | $10,000 | College Access |
| Crete High School | |||||||
| 1436 Juniper Ave | Crete | NE | 68333 | 476005078 | Nebraska | $7,500 | College Access |
| David City High School | |||||||
| 750 D Street | David City | NE | 68632 | 476001596 | Nebraska | $5,000 | College Access |
| Falls City Public Schools | |||||||
| 1400 Fulton Street | Falls City | NE | 68355 | 476005008 | Nebraska | $5,000 | College Access |
| Fremont Public Schools | |||||||
| 937 Pierce Street | Fremont | NE | 68025 | 476002550 | Nebraska | $20,000 | College Access |
| Gordon-Rushville Schools | |||||||
| PO Box 530 | Gordon | NE | 69343 | 476005414 | Nebraska | $5,000 | College Access |
| Grand Island Public Schools | |||||||
| 123 South Webb Rd | Grand Island | NE | 68803 | 476003169 | Nebraska | $20,000 | College Access |
| Hastings Public Schools | |||||||
| 1100 W 14th Street | Hastings | NE | 68901 | 476001013 | Nebraska | $10,000 | College Access |
| Lincoln High School | |||||||
| 2229 J Street | Lincoln | NE | 68504 | 476003955 | Nebraska | $20,000 | College Access |
| Lincoln Southeast High | |||||||
| 2930 South 37th Street | Lincoln | NE | 68506 | 476003955 | Nebraska | $20,000 | College Access |
| McCook Public Schools | |||||||
| 700 W 7th | McCook | NE | 69001 | 476004944 | Nebraska | $7,500 | College Access |
| Nebraska City Public Schools | |||||||
| 141 Steinhart Park Rd | Nebraska City | NE | 68410 | 476004514 | Nebraska | $7,500 | College Access |
| Norfolk Public Schools | |||||||
| 801 Riverside Blvd | Norfolk | NE | 68701 | 476004162 | Nebraska | $10,000 | College Access |
| North Bend Central High | |||||||
| 1320 Walnut St | North Bend | NE | 686495016 | 470523271 | Nebraska | $5,000 | College Access |
| Oakland-Craig Public Schools | |||||||
| 309 North Davis Ave | Oakland | NE | 68045 | 476001494 | Nebraska | $5,000 | College Access |
| Omaha Benson High School | |||||||
| 5120 Maple Street | Omaha | NE | 68104 | 476002629 | Nebraska | $10,000 | College Access |
| Omaha North High Magnet | |||||||
| 4410 N 36th St | Omaha | NE | 68111 | 476002629 | Nebraska | $20,000 | College Access |
| Omaha South High School | |||||||
| 4519 S 24th St | Omaha | NE | 68107 | 476002629 | Nebraska | $20,000 | College Access |
| Platteview Community Schools | |||||||
| 14801 S 108th | Springfield | NE | 68059 | 476000908 | Nebraska | $7,060 | College Access |
| Raymond Central High | |||||||
| 1800 West Agnew Rd | Raymond | NE | 68428 | 470498450 | Nebraska | $5,000 | College Access |
| South Sioux Community School | |||||||
| 210 West 39th Street | South Sioux City | NE | 68776 | 476002308 | Nebraska | $10,000 | College Access |
| York High School | |||||||
| 1005 Duke Drive | York | NE | 68467 | 476006011 | Nebraska | $7,500 | College Access |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 29 | Total501c3OrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | Scholarships to students attending colleges in Nebraska | GrantTypeTxt |
| Recipient | 92 | RecipientCnt |
| Cash Grant | $372,355 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 2: | FormAndLineReferenceDesc |
| Explanation | 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 linked to the requirements of the grant. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Elizabeth S Koop | ||||||||||||||
| President/CEO/Director | $238,452 | $1,000 | $30,323 | $0 | $360 | $0 | $35,000 | $0 | $27,899 | $0 | $332,034 | $1,000 | $0 | $0 |
| Michael J Timmins | ||||||||||||||
| Senior Vice President, Fiscal Operat | $117,646 | $0 | $12,300 | $0 | $360 | $0 | $20,400 | $0 | $16,685 | $0 | $167,391 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 4b | FormAndLineReferenceDesc |
| Explanation | Tax-exempt eligible 457b plan (Plan section 1.36(b)) Elizabeth Koop $7,200 | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 Foundation, 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 11 | The Form 990 is reviewed by administrative staff and 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. |
| Form 990, Part XI, line 9: | Intercompany transfers -1,232,000. |
| Part XI, Line 2C | The audit committee reviews the audit process and the financial statements annually. This process has not changed from prior years. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|
| Foundation for Educational Services Inc | |||||||||
| PO Box 82552 | Lincoln | NE | 68501 | 470703499 | Supporting Org | NE | 501(C)(3) | 509(a)(3) Type II | 0 |
| EducationQuest Foundation Inc | |||||||||
| PO Box 82552 | Lincoln | NE | 68501 | 470606382 | College Access | NE | 501(C)(3) | 509(a)(2) | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | Yes (1) | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (6 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| EducationQuest Foundation Inc | ||
| B | $1,232,000 | Cost |
| Foundation for Educational Services Inc | ||
| K | $928,213 | Cost |
| EducationQuest Foundation Inc | ||
| L | $5,816,849 | Cost |
| Foundation for Educational Services Inc | ||
| N | $1,154,590 | Cost |
| Foundation for Educational Services Inc | ||
| O | $2,105,200 | Cost |
| EducationQuest Foundation Inc | ||
| Q | $191,461 | Cost |