2015-05-13T10:24:41-05:00 2014-09-30 470526649 DANA F COLE & COMPANY LLP 1248 O STREET SUITE 500 LINCOLN NE 68508 990 2013-10-01 311777710 FOUNDATION FOR EDUCATIONAL FUNDING II FOUN 4024796618 PO BOX 82552 LINCOLN NE 685012552 Elizabeth S Koop President & CEO 4024796618 2015-05-08 1 KENT M KLUTE P00249558 4024799300 2013 2016-02-25 16:41:14Z EducationQuest Foundation Elizabeth S Koop PO BOX 82552 LINCOLN NE 685012552 43250455 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 Nebraska nonprofit organization under section (501(c)(3), 509(a)(2) of the Internal Revenue Code. 8 7 6 100 0 0 248770 193168 0 0 6409560 10702577 23593 13607 6681923 10909352 839279 882831 0 0 2842354 2882360 0 0 0 2597468 2885849 6279101 6651040 402822 4258312 135092881 142837686 382281 276645 134710600 142561041 X Improve access to Higher Education in Nebraska. 0 0 1616729 401373 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 $1,440,031 905049 481458 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.) 3003677 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 assess 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. 5525455 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 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 22 0 1 6 1 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 Michael J Timmins 4024796618 PO Box 82552 Lincoln NE 685012552 Craig Ames Director 1.00 X 11500 0 0 Miguel Carranza Director 1.00 X 11000 0 0 Lee Galles Director 1.00 X 12583 0 0 Michael Green Director 1.00 X 12516 0 0 Ken Hake Chairman 1.00 X 18317 0 0 Jack Huck Director 1.00 X 11000 12500 0 Wendy Boyer Director 1.00 X 11900 0 0 Elizabeth S Koop President/CEO/Director 40.00 X X 254195 2500 56566 Christine Denicola Executive Vice President 40.00 X 128718 0 26336 Daphne Hall Vice President 40.00 X 108114 0 15134 Michael J Timmins Senior VP/Secretary/Treasurer 40.00 X 29400 0 3067 Eric Drumheller Assistant Vice President 40.00 X 64675 0 16865 Cletia Price Secretary/Treasurer 40.00 X 104467 0 40055 778385 15000 158023 4 1 1 0 MERCER 701 MARKET STREET SUITE 1100 ST LOUIS MO 63101 INVESTMENT CONSULTING 140000 1 143168 50000 193168 3239482 3239482 39804198 32341103 7463095 7463095 7463095 College Fair Registration 611710 8440 8440 Miscellaneous revenue 900099 5167 5167 13607 10909352 13607 0 10702577 481458 481458 401373 401373 717076 504769 212307 1365005 1196183 168822 259032 219822 39210 403935 360944 42991 137312 112196 25116 16725 16725 8575 8575 478725 478725 16407 8429 7978 177699 177699 719280 663531 55749 711022 684104 26918 328874 305567 23307 85836 79501 6335 145730 138953 6777 196976 190926 6050 6651040 5525455 1125585 0 1748135 802003 82917 988537 283066 92882 48327 42444 8296 5883 96684513 100758231 36285954 40190150 135092881 142837686 382281 276645 382281 276645 X 134710600 142561041 134710600 142561041 135092881 142837686 X 4258312 46592 3545537 X X 0 1 X 1 0 X X 0 0 0 EDUCATIONQUEST FOUNDATION 470606382 9 1 1 1 6172316 1 6172316 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6502 884 5618 30034 29782 252 11791 11778 13 5883 Private Equity 17848077 F Alternative Investments 22342073 F 40190150 X 11225870 46592 748651 795243 10430627 478725 478725 10909352 7654766 1482451 1482451 6172315 478725 478725 6651040 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 2011 and after are open to examination by the respective authorities. Part XI, Line 2d - Other Adjustments: EducationQuest TIN 47-0606382 revenues 748,651. Part XII, Line 2d - Other Adjustments: EducationQuest TIN 47-0606382 expenses 1,482,451. 1 Alliance Public Schools 1604 Sweetwater Alliance NE 69301 476001263 Nebraska 7500 College Access Aurora Public Schools 300 L Street Aurora NE 68818 476014245 Nebraska 7500 College Access Beatrice Public Schools 320 N 5th Beatrice NE 68310 476002920 Nebraska 15000 College Access Crawford Public School 908 5th Street Crawford NE 69339 476002369 Nebraska 5000 College Access Fremont Public Schools 130 E 9 Fremont NE 68025 476002550 Nebraska 20000 College Access Grand Island Public Schools 123 W Webb Grand Island NE 68803 476003169 Nebraska 20000 College Access Hastings Public Schools 1924 W A Hastings NE 68901 476001013 Nebraska 10000 College Access Lincoln Public Schools 5901 O Street Lincoln NE 68510 476003955 Nebraska 24000 College Access McCook Public Schools 700 W 7th McCook NE 69001 476004944 Nebraska 7500 College Access Milford Public Schools 1200 1st Milford NE 68405 476005347 Nebraska 5000 College Access Nebraska City Public Schools 215 N 12 Nebraska City NE 68410 476004514 Nebraska 7500 College Access Oakland-Craig Public Schools 309 N Davis Oakland NE 68045 476001494 Nebraska 5000 College Access Omaha Public Schools 3215 Cuming Street Omaha NE 68131 476002629 Nebraska 45000 College Access Pawnee City Public Schools 729 E Pawnee City NE 68420 476004609 Nebraska 5000 College Access Plateview Community Schools 14801 S 108th Springfield NE 68059 476000908 Nebraska 7500 College Access Plattsmouth High School 1912 Hwy 34 Plattsmouth NE 68048 476001627 Nebraska 15000 College Access Ralston High School 8545 Park Ralston NE 68127 476002672 Nebraska 15000 College Access Scottsbluff Public Schools 2601 Broadway Scottsbluff NE 69361 476005320 Nebraska 15000 College Access Southern Public Schools 115 W 11 Wymore NE 68466 470522496 Nebraska 5000 College Access Tekamah Herman High School 112 N 13 Tekamah NE 68061 476001482 Nebraska 5000 College Access United Way of Lincoln 238 S 13 Lincoln NE 68508 470376624 Nebraska 5311 College Access Wisner Pilger Public School PO Box 580 Wisner NE 68791 476002081 Nebraska 5000 College Access Wood River High SChool 13800 River Rd Wood River NE 68883 470522495 Nebraska 5000 College Access York Public Schools 2918 N Delware York NE 68467 476006011 Nebraska 7377 College Access NSLP 1300 O Street Lincoln NE 68508 363514573 501(c)(3) 137642 Book Office Rent Student Loan Guarantee South Sioux Community School 210 West 39th Street South Sioux City NE 68776 476002308 Nebraska 10000 College Access Sandy Creek Public School 30671 Hwy 14 Fairfield NE 68938 470494124 Nebraska 5000 College Access Chadron Public Schools 602 E 10th St Chadron NE 69337 476002337 Nebraska 5000 College Access Falls City Public Schools 1415 Morton St Falls City NE 68355 476005008 Nebraska 5000 College Access Gordon Rushville Public School 810 N Oak St Gordon NE 69343 476005414 Nebraska 5000 College Access 30 Scholarships to students attending colleges in Nebraska 87 401373 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 linked to the requirements of the grant. X X X X X 0 1 0 0 0 0 0 0 0 Elizabeth S Koop President/CEO/Director 225261 2500 28574 0 360 0 33500 0 23066 0 310761 2500 0 0 Christine Denicola Executive Vice President 113737 0 12221 0 2760 0 26336 0 0 0 155054 0 0 0 Cletia Price Secretary/Treasurer 104107 0 0 0 360 0 25968 0 14087 0 144522 0 0 0 Part I, Line 4b Tax-exempt eligible 457b plan (Plan section 1.36(b)) Elizabeth Koop $4,800 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 3,545,537. Part XI, Line 2C The audit committee reviews the audit process and the financial statements annually. This process has not changed from prior years. 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 0 0 1 0 0 0 0 0 0 0 1 1 0 1 1 1 0 0 0 EducationQuest Foundation Inc C 3545537 Cost Foundation for Educational Services Inc K 389077 Cost EducationQuest Foundation Inc L 6172315 Cost Foundation for Educational Services Inc N 1103422 Cost Foundation for Educational Services Inc O 2016582 Cost EducationQuest Foundation Inc P 793914 Cost