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FOUNDATION FOR EDUCATIONAL FUNDING: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization
FOUNDATION FOR EDUCATIONAL FUNDING (EIN 31-1777710)
Tax period
2012-10-01 to 2013-09-30
Filed
2014-05-08
IRS object ID
201421289349300247
Schema version
2012v2.1
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

FieldValueIRS element (for citing)
Timestamp2014-05-08T09:46:37-05:00Timestamp
Tax Period End Date2013-09-30TaxPeriodEndDate

Preparer Firm PreparerFirm

FieldValueIRS element (for citing)
EIN470526649EIN

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1DANA F COLE & COMPANY LLPBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line11248 O STREET SUITE 500AddressLine1
CityLINCOLNCity
StateNEState
ZIP Code68508ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2012-10-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN311777710EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1FOUNDATION FOR EDUCATIONAL FUNDING IIBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlFOUNNameControl
Phone4024796618Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 82552AddressLine1
CityLINCOLNCity
StateNEState
ZIP Code685012552ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameElizabeth S KoopName
TitlePresident & CEOTitle
Phone4024796618Phone
Date Signed2014-05-01DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameKENT M KLUTEName
PTINP00249558PTIN
Phone4024799300Phone
FieldValueIRS element (for citing)
Tax Year2012TaxYear
Build TS2015-11-30 17:44:51ZBuildTS

Form 990 IRS990

Doing Business As DoingBusinessAs

FieldValueIRS element (for citing)
Business Name Line1EducationQuest FoundationBusinessNameLine1
FieldValueIRS element (for citing)
Name Of Principal Officer PersonElizabeth S KoopNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line1PO BOX 82552AddressLine1
CityLINCOLNCity
StateNEState
ZIP Code685012552ZIPCode
FieldValueIRS element (for citing)
Gross Receipts34914925GrossReceipts
Group Return For Affiliates0GroupReturnForAffiliates
Organization501c3XOrganization501c3
Web Sitewww.educationquest.orgWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation2001YearFormation
State Legal DomicileNEStateLegalDomicile
Activity Or Mission DescriptionImprove 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.ActivityOrMissionDescription
Nbr Voting Members Governing Body8NbrVotingMembersGoverningBody
Nbr Independent Voting Members7NbrIndependentVotingMembers
Total Nbr Employees4TotalNbrEmployees
Total Nbr Volunteers106TotalNbrVolunteers
Total Gross UBI0TotalGrossUBI
Net Unrelated Business Txbl Income0NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year321800ContributionsGrantsPriorYear
Contributions Grants Current Year248770ContributionsGrantsCurrentYear
Program Service Revenue Prior Year0ProgramServiceRevenuePriorYear
Program Service Revenue CY0ProgramServiceRevenueCY
Investment Income Prior Year6444666InvestmentIncomePriorYear
Investment Income Current Year6409560InvestmentIncomeCurrentYear
Other Revenue Prior Year15681OtherRevenuePriorYear
Other Revenue Current Year23593OtherRevenueCurrentYear
Total Revenue Prior Year6782147TotalRevenuePriorYear
Total Revenue Current Year6681923TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year933813GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY839279GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year0BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Prior Year2860881SalariesEtcPriorYear
Salaries Etc Current Year2842354SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year0TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year0TotalFundrsngExpCurrentYear
Other Expense Prior Year2833246OtherExpensePriorYear
Other Expenses Current Year2597468OtherExpensesCurrentYear
Total Expenses Prior Year6627940TotalExpensesPriorYear
Total Expenses Current Year6279101TotalExpensesCurrentYear
Revenues Less Expenses Prior Year154207RevenuesLessExpensesPriorYear
Revenues Less Expenses CY402822RevenuesLessExpensesCY
Total Assets BOY134613423TotalAssetsBOY
Total Assets EOY135092881TotalAssetsEOY
Total Liabilities BOY1155197TotalLiabilitiesBOY
Total Liabilities EOY382281TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY133458226NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY134710600NetAssetsOrFundBalancesEOY
Info In Schedule O Part IIIXInfoInScheduleOPartIII
Mission DescriptionImprove access to Higher Education in Nebraska.MissionDescription
Significant New Program Services0SignificantNewProgramServices
Significant Change0SignificantChange
Expense1695805Expense
Grants358715Grants
DescriptionScholarship 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 $1,392,700.Description

Activity2 Activity2

FieldValueIRS element (for citing)
Expense838680Expense
Grants480564Grants
DescriptionGrant 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.)Description

Activity3 Activity3

FieldValueIRS element (for citing)
Expense3077271Expense
DescriptionFree 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.Description
FieldValueIRS element (for citing)
Total Program Service Expense5611756TotalProgramServiceExpense
Described In501 C31DescribedIn501C3
Schedule B Required1ScheduleBRequired
Political Activities0PoliticalActivities
Lobbying Activities0LobbyingActivities
Subject To Proxy Tax0SubjectToProxyTax
Donor Advised Funds0DonorAdvisedFunds
Conservation Easements0ConservationEasements
Collections Of Art0CollectionsOfArt
Credit Counseling0CreditCounseling
Term Or Permanent Endowments0TermOrPermanentEndowments
Report Land Bldg Equip1ReportLandBldgEquip
Report Invest Oth Securities1ReportInvestOthSecurities
Report Prog Rel Invest0ReportProgRelInvest
Report Other Assets0ReportOtherAssets
Report Other Liabilities0ReportOtherLiabilities
Report Fin48 Footnote1ReportFin48Footnote
Independent Audit Financial Stmt0IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt1ConsolidatedAuditFinancialStmt
School0School
Foreign Office0ForeignOffice
Foreign Activities0ForeignActivities
More Than5000 K To Organizations0MoreThan5000KToOrganizations
More Than5000 K To Individuals0MoreThan5000KToIndividuals
Professional Fundraising0ProfessionalFundraising
Fundraising Activities0FundraisingActivities
Gaming0Gaming
Hospital0Hospital
Grants To Organizations1GrantsToOrganizations
Grants To Individuals1GrantsToIndividuals
Schedule J Required1ScheduleJRequired
Tax Exempt Bonds0TaxExemptBonds
Excess Benefit Transaction0ExcessBenefitTransaction
Prior Excess Benefit Transaction0PriorExcessBenefitTransaction
Loan To Officer Or DQP0LoanToOfficerOrDQP
Grant To Related Person0GrantToRelatedPerson
Bsnss Rltnshp With Organization0BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member0BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp0OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions0DeductibleNonCashContributions
Deductible Contributions Of Art0DeductibleContributionsOfArt
Terminated0Terminated
Partial Liquidation0PartialLiquidation
Disregarded Entity0DisregardedEntity
Related Entity1RelatedEntity
Related Org Controlled Entity0RelatedOrgControlledEntity
Transfers To Exempt Non Chrtbl Org0TransfersToExemptNonChrtblOrg
Activities Conducted Partnership0ActivitiesConductedPartnership
Schedule O Required1ScheduleORequired
Number Forms Transmitted With109620NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Compliance With Backup Witholding1ComplianceWithBackupWitholding
Number Of Employees4NumberOfEmployees
Employment Tax Returns Filed1EmploymentTaxReturnsFiled
Unrelated Business Income0UnrelatedBusinessIncome
Foreign Financial Account0ForeignFinancialAccount
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTrans
Taxable Party Notification0TaxablePartyNotification
Non Deductible Contributions0NonDeductibleContributions
Quid Pro Quo Contributions0QuidProQuoContributions
Form8282 Property Disposed Of0Form8282PropertyDisposedOf
Funds To Pay Premiums0FundsToPayPremiums
Premiums Paid0PremiumsPaid
Excess Business Holdings0ExcessBusinessHoldings
Indoor Tanning Services0IndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members8NbrVotingGoverningBodyMembers
Number Independent Voting Members7NumberIndependentVotingMembers
Family Or Business Relationship0FamilyOrBusinessRelationship
Delegation Of Management Duties0DelegationOfManagementDuties
Changes To Organizing Docs0ChangesToOrganizingDocs
Material Diversion Or Misuse0MaterialDiversionOrMisuse
Members Or Stockholders1MembersOrStockholders
Election Of Board Members1ElectionOfBoardMembers
Decisions Subject To Approval1DecisionsSubjectToApproval
Minutes Of Governing Body1MinutesOfGoverningBody
Minutes Of Committees1MinutesOfCommittees
Officer Mailing Address0OfficerMailingAddress
Local Chapters1LocalChapters
Policies Reference Chapters1PoliciesReferenceChapters
Form990 Provided To Governing Body1Form990ProvidedToGoverningBody
Conflict Of Interest Policy1ConflictOfInterestPolicy
Annual Disclosure Covered Persons1AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement1RegularMonitoringEnforcement
Whistleblower Policy1WhistleblowerPolicy
Document Retention Policy1DocumentRetentionPolicy
Compensation Process CEO1CompensationProcessCEO
Compensation Process Other1CompensationProcessOther
Investment In Joint Venture0InvestmentInJointVenture
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

FieldValueIRS element (for citing)
Business Name Line1Mike TimminsBusinessNameLine1
FieldValueIRS element (for citing)
Telephone Number4024796618TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1PO Box 82552AddressLine1
CityLincolnCity
StateNEState
ZIP Code685012552ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (11 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensationOfficerOfficer
Craig Ames
Director1.00X1200000
Miguel Carranza
Director1.00X1187500
Lee Galles
Director1.00X1328200
Michael Green
Director1.00X1294900
Ken Hake
Chairman1.00X2113300
Jack Huck
Director1.00X11500117500
Wendy Boyer
Director1.00X1139900
Elizabeth S Koop
President/CEO/Director40.00X271023250061747X
Christine Denicola
Executive Vice President40.00133761025662X
Daphne Hall
Vice President40.00126000013812X
Cletia Price
Secretary/Treasurer40.00113116041010X
FieldValueIRS element (for citing)
Total Reportable Comp From Org738038TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs14250TotalReportableCompFrmRltdOrgs
Total Other Compensation142231TotalOtherCompensation
Number Individuals GT100 K4NumberIndividualsGT100K
Formers Listed0FormersListed
Total Comp GT150 K1TotalCompGT150K
Compensation From Other Sources0CompensationFromOtherSources

Contractor Compensation ContractorCompensation

Name Of Contractor NameOfContractor

Name Business NameBusiness

FieldValueIRS element (for citing)
Business Name Line1MERCERBusinessNameLine1

Address Of Contractor AddressOfContractor

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1701 MARKET STREET SUITE 1100AddressLine1
CityST LOUISCity
StateMOState
ZIP Code63101ZIPCode
FieldValueIRS element (for citing)
Description Of ServicesINVESTMENT CONSULTINGDescriptionOfServices
Compensation140000Compensation
FieldValueIRS element (for citing)
Number Of Contractors GT100 K1NumberOfContractorsGT100K
Government Grants145020GovernmentGrants
All Other Contributions103750AllOtherContributions
Total Contributions248770TotalContributions

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column2976367TotalRevenueColumn
Exclusion$2,976,367ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

FieldValueIRS element (for citing)
Securities31666195Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

FieldValueIRS element (for citing)
Securities28233002Securities

Gain Or Loss GainOrLoss

FieldValueIRS element (for citing)
Securities3433193Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

FieldValueIRS element (for citing)
Total Revenue Column3433193TotalRevenueColumn
Exclusion$3,433,193ExclusionAmount

Other Revenue Misc OtherRevenueMisc (2 entries)

DescriptionDescriptionBusiness CodeBusinessCodeTotal Revenue ColumnTotalRevenueColumnRelated Or Exempt Function IncomeRelatedOrExemptFunctionIncome
College Fair Registration6117101584415844
Miscellaneous revenue90009977497749
FieldValueIRS element (for citing)
Total Other Revenue23593TotalOtherRevenue

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column6681923TotalRevenueColumn
Related Or Exempt Function Income23593RelatedOrExemptFunctionIncome
Unrelated Business Revenue0UnrelatedBusinessRevenue
Exclusion$6,409,560ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

FieldValueIRS element (for citing)
Total480564Total
Program Services480564ProgramServices

Grants To Domestic Individuals GrantsToDomesticIndividuals

FieldValueIRS element (for citing)
Total358715Total
Program Services358715ProgramServices

Comp Current Officers Directors CompCurrentOfficersDirectors

FieldValueIRS element (for citing)
Total664167Total
Program Services431937ProgramServices
Management And General232230ManagementAndGeneral

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total1377706Total
Program Services1279913ProgramServices
Management And General97793ManagementAndGeneral

Pension Plan Contributions PensionPlanContributions

FieldValueIRS element (for citing)
Total267845Total
Program Services233335ProgramServices
Management And General34510ManagementAndGeneral

Other Employee Benefits OtherEmployeeBenefits

FieldValueIRS element (for citing)
Total395153Total
Program Services344012ProgramServices
Management And General51141ManagementAndGeneral

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total137483Total
Program Services132232ProgramServices
Management And General5251ManagementAndGeneral

Fees For Services Legal FeesForServicesLegal

FieldValueIRS element (for citing)
Total18762Total
Management And General18762ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total9550Total
Management And General9550ManagementAndGeneral

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

FieldValueIRS element (for citing)
Total442861Total
Management And General442861ManagementAndGeneral

Fees For Services Other FeesForServicesOther

FieldValueIRS element (for citing)
Total13498Total
Program Services13199ProgramServices
Management And General299ManagementAndGeneral

Advertising Advertising

FieldValueIRS element (for citing)
Total202690Total
Program Services202690ProgramServices

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total734027Total
Program Services656327ProgramServices
Management And General77700ManagementAndGeneral

Information Technology InformationTechnology

FieldValueIRS element (for citing)
Total833148Total
Program Services793092ProgramServices
Management And General40056ManagementAndGeneral

Occupancy Occupancy

FieldValueIRS element (for citing)
Total320820Total
Program Services302843ProgramServices
Management And General17977ManagementAndGeneral

Travel Travel

FieldValueIRS element (for citing)
Total90199Total
Program Services87079ProgramServices
Management And General3120ManagementAndGeneral

Conferences Meetings ConferencesMeetings

FieldValueIRS element (for citing)
Total103907Total
Program Services96008ProgramServices
Management And General7899ManagementAndGeneral

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total205301Total
Program Services199810ProgramServices
Management And General5491ManagementAndGeneral

Other Expenses OtherExpenses

FieldValueIRS element (for citing)
DescriptionActuarial valuation ofDescription
Total-377295Total
Management And General-377295ManagementAndGeneral

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total6279101Total
Program Services5611756ProgramServices
Management And General667345ManagementAndGeneral
Fundraising0Fundraising

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY7006903BOY
EOY1748135EOY

Accounts Receivable AccountsReceivable

FieldValueIRS element (for citing)
BOY4601163BOY
EOY82917EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

FieldValueIRS element (for citing)
BOY459513BOY
EOY283066EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis44568LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec36272LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY11999BOY
EOY8296EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

FieldValueIRS element (for citing)
BOY90945874BOY
EOY96684513EOY

Investments Other Securities InvestmentsOtherSecurities

FieldValueIRS element (for citing)
BOY31587971BOY
EOY36285954EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY134613423BOY
EOY135092881EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY286006BOY
EOY382281EOY

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
BOY869191BOY
EOY0EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY1155197BOY
EOY382281EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

FieldValueIRS element (for citing)
BOY133458226BOY
EOY134710600EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY133458226BOY
EOY134710600EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY134613423BOY
EOY135092881EOY
FieldValueIRS element (for citing)
Info In Schedule O Part XIXInfoInScheduleOPartXI
Reconcilation Revenue Expenses402822ReconcilationRevenueExpenses
Reconciliation Unrealized Invest5049552ReconciliationUnrealizedInvest
Reconcilation Other Changes-4200000ReconcilationOtherChanges
Info In Schedule O Part XIIXInfoInScheduleOPartXII
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or Review0AccountantCompileOrReview
FS Audited1FSAudited

FS Audited Basis FSAuditedBasis

FieldValueIRS element (for citing)
Financial Statement ConsolidatedXFinancialStatementConsolidated
FieldValueIRS element (for citing)
Audit Committee1AuditCommittee
Federal Grant Audit Required0FederalGrantAuditRequired

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Supporting Organization509a3XSupportingOrganization509a3
Supporting Org509a3 Type2XSupportingOrg509a3Type2
Contrib By Controlling Individual0ContribByControllingIndividual
Contribution By Related Party0ContributionByRelatedParty
Contrib By35 Controlled Entity0ContribBy35ControlledEntity

Supported Org Information SupportedOrgInformation

Name Name

FieldValueIRS element (for citing)
Business Name Line1EDUCATIONQUEST FOUNDATIONBusinessNameLine1
FieldValueIRS element (for citing)
EIN470606382EIN
Type Of Organization9TypeOfOrganization
Listed In Governing Doc1ListedInGoverningDoc
Supported Organization Notified1SupportedOrganizationNotified
Organized In US1OrganizedInUS
Amount$5,836,241Amount
FieldValueIRS element (for citing)
Total Number Of Supported Orgs1TotalNumberOfSupportedOrgs
Sum Of Amounts5836241SumOfAmounts

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor NumberRESTRICTEDContributorNumber

Contributor Name Business ContributorNameBusiness

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Aggregate ContributionsRESTRICTEDAggregateContributions

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovements

FieldValueIRS element (for citing)
Other Cost Or Other Basis2744OtherCostOrOtherBasis
Depreciation354Depreciation
Book Value2390BookValue

Equipment Equipment

FieldValueIRS element (for citing)
Other Cost Or Other Basis30034OtherCostOrOtherBasis
Depreciation25052Depreciation
Book Value4982BookValue

Other Land Buildings OtherLandBuildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis11790OtherCostOrOtherBasis
Depreciation10866Depreciation
Book Value924BookValue
FieldValueIRS element (for citing)
Total Of Book Value Land Buildings8296TotalOfBookValueLandBuildings

Other Securities OtherSecurities (2 entries)

DescriptionDescriptionBook ValueBookValueMethod Of ValuationMethodOfValuation
Private Equity13746635F
Alternative Investments22539319F
FieldValueIRS element (for citing)
Total Of Book Value Securities36285954TotalOfBookValueSecurities
Footnote In Part XIIIXFootnoteInPartXIII
Tot Revenue Etc Audited Fincl Stmt13642084TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments5049552NetUnrealizedGainsInvestments
Other Revenues2353469OtherRevenues
Revenue Not Rptd F9907403021RevenueNotRptdF990
Revenue Subtotal6239063RevenueSubtotal
Investment Expenses Not Included442860InvestmentExpensesNotIncluded
Revenue Not Rptd On Fin Stmt442860RevenueNotRptdOnFinStmt
Total Revenue Per Form9906681923TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt7267445TotExpensesEtcAuditedFinclStmt
Other Expenses Included1431204OtherExpensesIncluded
Expenses Not Rptd F9901431204ExpensesNotRptdF990
Expenses Subtotal5836241ExpensesSubtotal
Investment Expenses Not Included2442860InvestmentExpensesNotIncluded2
Expenses Not Rptd On Fin Stmt442860ExpensesNotRptdOnFinStmt
Total Expenses Per Form9906279101TotalExpensesPerForm990

Form990 Schedule D Part XIII Form990ScheduleDPartXIII (3 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
Description of Uncertain Tax Positions Under FIN 48: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 2010 and after are open to examination by the respective authorities.
Part XI, Line 2d - Other Adjustments:EducationQuest TIN 47-0606382 revenues 2,353,469.
Part XII, Line 2d - Other Adjustments:EducationQuest TIN 47-0606382 expenses 1,431,204.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Records Maintained1RecordsMaintained

Recipient Table RecipientTable (27 entries)

Address Line1AddressUS/AddressLine1CityAddressUS/CityStateAddressUS/StateZIP CodeAddressUS/ZIPCodeEIN Of RecipientEINOfRecipientIRC SectionIRCSectionAmount Of Cash GrantAmountOfCashGrantPurpose Of GrantPurposeOfGrantAmount Of Non Cash AssistanceAmountOfNonCashAssistanceMethod Of ValuationMethodOfValuationDescription Of Non Cash AssistanceDescriptionOfNonCashAssistance
Alliance Public Schools
1604 SweetwaterAllianceNE69301476001263Nebraska6750College Access
Aurora Public Schools
300 L StreetAuroraNE68818476014245Nebraska6750College Access
Beatrice Public Schools
320 N 5thBeatriceNE68310476002920Nebraska15000College Access
Crawford Public School
908 5th StreetCrawfordNE69339476002369Nebraska5508College Access
Fremont Public Schools
130 E 9FremontNE68025476002550Nebraska18276College Access
Grand Island Public Schools
123 W WebbGrand IslandNE68803476003169Nebraska18000College Access
Hastings Public Schools
1924 W AHastingsNE68901476001013Nebraska9000College Access
Lincoln Public Schools
5901 O StreetLincolnNE68510476003955Nebraska23113College Access
McCook Public Schools
700 W 7thMcCookNE69001476004944Nebraska6750College Access
Milford Public Schools
1200 1stMilfordNE68405476005347Nebraska5000College Access
Nebraska City Public Schools
215 N 12Nebraska CityNE68410476004514Nebraska7951College Access
Oakland-Craig Public Schools
309 N DavisOaklandNE68045476001494Nebraska5095College Access
Omaha Public Schools
3215 Cuming StreetOmahaNE68131476002629Nebraska54698College Access
Pawnee City Public Schools
729 EPawnee CityNE68420476004609Nebraska5000College Access
Plateview Community Schools
14801 S 108thSpringfieldNE68059476000908Nebraska6750College Access
Plattsmouth High School
1912 Hwy 34PlattsmouthNE68048476001627Nebraska15000College Access
Ralston High School
8545 ParkRalstonNE68127476002672Nebraska15000College Access
Scottsbluff Public Schools
2601 BroadwayScottsbluffNE69361476005320Nebraska15000College Access
Southern Public Schools
115 W 11WymoreNE68466470522496Nebraska5555College Access
Tekamah Herman High School
112 N 13TekamahNE68061476001482Nebraska5000College Access
United Way of Lincoln
238 S 13LincolnNE68508470376624Nebraska5607College Access
Wisner Pilger Public School
PO Box 580WisnerNE68791476002081Nebraska5657College Access
Wood River High SChool
13800 River RdWood RiverNE68883470522495Nebraska5000College Access
York Public Schools
2918 N DelwareYorkNE68467476006011Nebraska6750College Access
NSLP
1300 O StreetLincolnNE68508363514573501(c)(3)Student Loan Guarantee136054BookOffice Rent
South Sioux Community School
210 West 39th StreetSouth Sioux CityNE68776476002308Nebraska9000College Access
Sandy Creek Public School
30671 Hwy 14FairfieldNE68938470494124Nebraska5000College Access
FieldValueIRS element (for citing)
Total Nbr Of501 C3 And Govt Grants27TotalNbrOf501C3AndGovtGrants

Form990 Schedule I Part III Form990ScheduleIPartIII

FieldValueIRS element (for citing)
Type Of GrantScholarships to students attending colleges in NebraskaTypeOfGrant
Number Of Recipients77NumberOfRecipients
Amount Of Cash Grant358715AmountOfCashGrant

Form990 Schedule I Part IV Form990ScheduleIPartIV

FieldValueIRS element (for citing)
IdentifierProcedure for Monitoring Grants in the U.S.:Identifier
Return ReferencePart I, Line 2:ReturnReference
ExplanationSchedule I, 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.Explanation

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Independent ConsultantXIndependentConsultant
Form990 Of Other OrganizationsXForm990OfOtherOrganizations
Written Employment ContractXWrittenEmploymentContract
Compensation SurveyXCompensationSurvey
Board Or Committee ApprovalXBoardOrCommitteeApproval
Severance Payment0SeverancePayment
Supplemental Nonqual Retire Plan1SupplementalNonqualRetirePlan
Equity Based Comp Arrangement0EquityBasedCompArrangement
Comp Based On Revenue Of Filing Org0CompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related Orgs0CompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing Org0CompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate Orgs0CompBasedNetEarningsRelateOrgs
Any Non Fixed Payments0AnyNonFixedPayments
Initial Contract Exception0InitialContractException

Form990 Schedule J Part II Form990ScheduleJPartII (3 entries)

TitleTitleBase Compensation Filing OrgBaseCompensationFilingOrgComp Based On Related OrgsCompBasedOnRelatedOrgsBonus Filing OrgBonusFilingOrgBonus Related OrgsBonusRelatedOrgsOther Compensation Filing OrgOtherCompensationFilingOrgOther Compensation Related OrgsOtherCompensationRelatedOrgsDeferred Comp Filing OrgDeferredCompFilingOrgDeferred Comp Related OrgsDeferredCompRelatedOrgsNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgNontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgsTotal Compensation Filing OrgTotalCompensationFilingOrgTotal Compensation Related OrgsTotalCompensationRelatedOrgsComp Report Prior990 Filing OrgCompReportPrior990FilingOrgComp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs
Elizabeth S Koop
President/CEO/Director21993925005070003840388960228510332770250000
Christine Denicola
Executive Vice President10937202135503034025662000159423000
Cletia Price
Secretary/Treasurer10221001052203840253980156120154126000

Form990 Schedule J Part III Form990ScheduleJPartIII

FieldValueIRS element (for citing)
Return ReferencePart I, Line 4bReturnReference
ExplanationTax-exempt eligible 457b plan (Plan section 1.36(b)) Elizabeth Koop $4,700Explanation

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (9 entries)

Return ReferenceReturnReferenceExplanationExplanationIdentifierIdentifier
Form 990, Part VI, Section A, line 6The 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 7aEducationQuest Foundation, Inc. selects the Board members of the Foundation for Educational Funding II, Inc.
Form 990, Part VI, Section A, line 7bIn 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 11The Form 990 is reviewed by administrative staff and legal counsel and the Audit Committee before filing.
Form 990, Part VI, Section B, line 12cThe 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 15Outside 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 19The 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 -4,200,000.Changes in Net Assets or Fund Balances:
Part XI, Line 2CThe audit committee reviews the audit process and the financial statements annually. This process has not changed from prior years.

Schedule R IRS990ScheduleR

Form990 Schedule R Part II Form990ScheduleRPartII (2 entries)

Address Line1AddressUS/AddressLine1CityAddressUS/CityStateAddressUS/StateZIP CodeAddressUS/ZIPCodeEINEINPrimary ActivitiesPrimaryActivitiesLegal Domicile StateLegalDomicileStateExempt Code SectionExemptCodeSectionPublic Charity StatusPublicCharityStatusControlled OrgControlledOrg
Foundation for Educational Services Inc
PO Box 82552LincolnNE68501470703499Supporting OrgNE501(C)(3)509(a)(3) Type II0
EducationQuest Foundation Inc
PO Box 82552LincolnNE68501470606382College AccessNE501(C)(3)509(a)(2)0
FieldValueIRS element (for citing)
Receipt Of Int Ann Rents Royalties0ReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other Org0GiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other Org1GiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other Org0LoansOrGuaranteesFromOtherOrg
Dividends Related Organization0DividendsRelatedOrganization
Sale Of Assets To Other Org0SaleOfAssetsToOtherOrg
Purchase Of Assets From Other Org0PurchaseOfAssetsFromOtherOrg
Exchange Of Assets0ExchangeOfAssets
Rental Of Facilities To Other Orgs0RentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other Orgs1RentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other Orgs1PerformOfServicesForOtherOrgs
Perform Of Services By Other Orgs0PerformOfServicesByOtherOrgs
Sharing Of Facilities1SharingOfFacilities
Sharing Of Paid Employees1SharingOfPaidEmployees
Reimbursement Paid To Other Org1ReimbursementPaidToOtherOrg
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrg
Other Transfer To Other Org0OtherTransferToOtherOrg
Other Transfer From Other Org0OtherTransferFromOtherOrg

Transactions Related Orgs Table TransactionsRelatedOrgsTable (6 entries)

Transaction TypeTransactionTypeAmount InvolvedAmountInvolvedMethod Of Amt DeterminationMethodOfAmtDetermination
EducationQuest Foundation Inc
C800000Cost
Foundation for Educational Services Inc
K404555Cost
EducationQuest Foundation Inc
L5836241Cost
Foundation for Educational Services Inc
N1205790Cost
Foundation for Educational Services Inc
O2844324Cost
EducationQuest Foundation Inc
P516912Cost