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← FOUNDATION FOR EDUCATIONAL SERVICES INC

Form 990 for tax year 2022

Filed by FOUNDATION FOR EDUCATIONAL SERVICES INC.

Totals

Total revenue
$20,000,406
Total expenses
$20,723,841
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$18,147,035
Investment income
$155,224
Other revenue
$1,698,147
Total assets, end of year
$10,138,788
Total liabilities, end of year
$5,322,366
Net assets or fund balances, end of year
$4,816,422
Program services expenses (Part IX)
$19,371,049
Management and general expenses
$1,352,792
Fundraising expenses
$0
Program service expenses (Part III)
$19,371,049

Program services were 93.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: SUPPORT SERVICE FEES

    total $11,013,521 · related or exempt $11,013,521

  • 2b · Program service revenue: LICENSE AND MAINTENANCE FEES

    total $7,133,514 · related or exempt $7,133,514

  • 3 · Investment income

    total $131,777 · excluded $131,777

  • 5 · Royalties

    total $1,119,095 · excluded $1,119,095

  • 7a · Gross sales of assets other than inventory

    securities $909,773

  • 7b · Less cost or other basis and sales expenses

    securities $886,326

  • 7c · Gain or loss

    securities $23,447

  • 7d · Net gain or loss

    total $23,447 · excluded $23,447

  • 11a · Other revenue: ALL OTHER MISC REVENUE

    total $579,052 · related or exempt $103,097 · unrelated business $475,955

  • 11e · Other revenue, total

    $579,052

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,796,005 · program services $1,360,959 · management and general $435,046

  • 7 · Other salaries and wages

    total $11,325,617 · program services $11,075,259 · management and general $250,358

  • 8 · Pension plan contributions

    total $1,808,216 · program services $1,808,216

  • 9 · Other employee benefits

    total $2,336,752 · program services $2,336,752

  • 10 · Payroll taxes

    total $1,074,262 · program services $1,074,262

  • 11b · Fees: legal

    total $32,022 · program services $3,270 · management and general $28,752

  • 11c · Fees: accounting

    total $44,375 · management and general $44,375

  • 11f · Fees: investment management

    total $25,111 · management and general $25,111

  • 12 · Advertising and promotion

    total $48,948 · program services $48,948

  • 17 · Travel

    total $112,510 · program services $102,912 · management and general $9,598

  • 22 · Depreciation, depletion and amortization

    total $443,415 · program services $36,534 · management and general $406,881

  • 23 · Insurance

    total $190,675 · program services $146,755 · management and general $43,920

  • 24a · Other expenses: MISCELLANEOUS

    total $909,432 · program services $822,212 · management and general $87,220

  • 24b · Other expenses: EQUIPMENT RENTAL AND MA

    total $187,128 · program services $181,908 · management and general $5,220

  • 24c · Other expenses: TELEPHONE

    total $153,251 · program services $141,376 · management and general $11,875

  • 24d · Other expenses: PRINTING

    total $152,665 · program services $152,665

  • 24e · All other expenses

    total $83,457 · program services $79,021 · management and general $4,436

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,647,773 · end of year $863,263

  • 4 · Accounts receivable

    beginning of year $143,703 · end of year $291,458

  • 9 · Prepaid expenses and deferred charges

    beginning of year $160,560 · end of year $169,483

  • 10a · Land, buildings and equipment: cost or other basis

    $16,541,112

  • 10b · Land, buildings and equipment: accumulated depreciation

    $14,695,211

  • 10c · Land, buildings and equipment, net

    beginning of year $1,499,875 · end of year $1,845,901

  • 11 · Investments: publicly traded securities

    beginning of year $4,934,660 · end of year $5,233,873

  • 14 · Intangible assets

    end of year $57,033

  • 15 · Other assets

    beginning of year $1,109,672 · end of year $1,677,777

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,251,928 · end of year $3,051,158

  • 19 · Deferred revenue

    beginning of year $1,889,410 · end of year $1,981,440

  • 23 · Secured mortgages and notes payable

    beginning of year $319,481 · end of year $249,481

  • 25 · Other liabilities

    beginning of year $0 · end of year $40,287

  • 27 · Net assets without donor restrictions

    beginning of year $5,035,424 · end of year $4,816,422

Mission and programs · 2022

Mission

FES' MISSION IS TO BE A FOUNDATION OF SUPPORT FOR OUR AFFILIATES AND OTHER NONPROFITS BY PROVIDING PRODUCTS, SERVICES, & RESOURCES SO THEY CAN FULFILL THEIR MISSIONS.

Activities or mission (Part I)

FES' MISSION IS TO BE A FOUNDATION OF SUPPORT FOR OUR AFFILIATES AND (CON'T ON SCH O) OTHER NONPROFITS BY PROVIDING PRODUCTS, SERVICES, & RESOURCES SO THEY CAN FULFILL THEIR MISSIONS.

  • SUPPORTING OUR AFFILIATES - FES PROVIDES KEY SUPPORT SERVICES TO ACHIEVE THE RESPECTIVE MISSIONS AND DAY TO DAY ACTIVITIES AND PROGRAMS OF NEBRASKA STUDENT LOAN PROGRAM (NSLP) AND EDUCATIONQUEST FOUNDATION. THESE SERVICES INCLUDE TECHNICAL, PROGRAMMING, AND DESIGN SERVICES, ADMINISTRATIVE SUPPORT SERVICES, PAYROLL AND HUMAN RESOURCE MANAGEMENT SERVICES, BUILDING SUPPORT SERVICES, DISASTER RECOVERY, TECHNICAL NETWORK SECURITY INFRASTRUCTURE AND SUPPORT. KEY OBJECTIVES WERE COMPLETED THAT MOVED ALL ORGANIZATIONS FORWARD IN DELIVERING OR ENHANCING THEIR SERVICES FOR THEIR STAKEHOLDERS.

    Expenses $16,825,948 · Revenue $18,147,035

  • FES IS ENGAGED IN THE PROMOTION OF INTELLECTUAL PROPERTY IN THE FORM OF A CONTENT MANAGEMENT SYSTEM WHICH INCLUDES WEBHOSTING. THESE SERVICES ARE OFFERED TO K-12 AND OTHER NOT-FOR-PROFITS. PROVIDING A SIMPLIFIED ONLINE COMMUNICATION SYSTEM (SOCS) - FES PROVIDES THE SOCS PLATFORM TO K-12 AND OTHER NOT-FOR-PROFIT CLIENTS TO ENABLE THEM TO BETTER CONNECT TO THE COMMUNITIES THEY SERVE. THIS SERVICE IS CURRENTLY BEING PROVIDED TO APPROXIMATELY 400 CLIENTS.

    Expenses $1,596,612

  • FES PROVIDES SUPPORT SERVICES TO K-12 AND OTHER NOT-FOR-PROFIT ORGANIZATIONS. SUPPORT SERVICES INCLUDE IT SECURITY, MARKETING SERVICES AND PROMOTIONAL SERVICES, NETWORK SUPPORT, BOOKKEEPING AND PAYROLL SERVICES. FES PROVIDES THESE SERVICES TO NOT-FOR-PROFIT ORGANIZATIONS TO IMPROVE THEIR OPERATIONAL EFFICIENCIES AND TO FOCUS ON THEIR MISSION-DRIVEN PURPOSE.

    Expenses $948,489

  • Revenue $103,097

As filed on the 2022 return.

Listed in Part VII

  • Carolyn J Thoma

    PRESIDENT

    Total calculated
    $406,293
    From this org
    $353,567
    From related orgs
    $0
    Other
    $52,726
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $294,177
    Bonus
    $59,030
    Other
    $360
    Deferred
    $34,811
    Nontaxable benefits
    $17,915
    Filer's total
    $406,293

  • Irene Delozier

    CFO

    Total calculated
    $321,937
    From this org
    $279,398
    From related orgs
    $0
    Other
    $42,539
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $233,777
    Bonus
    $45,261
    Other
    $360
    Deferred
    $25,894
    Nontaxable benefits
    $16,645
    Filer's total
    $321,937

  • Dan Delzell

    VP INFORMATION TECH

    Total calculated
    $278,063
    From this org
    $247,444
    From related orgs
    $0
    Other
    $30,619
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $205,334
    Bonus
    $41,000
    Other
    $1,110
    Deferred
    $30,290
    Nontaxable benefits
    $329
    Filer's total
    $278,063

  • Arthur Frederick Provost III

    ASSISTANT VP SECURITY SERV

    Total calculated
    $250,142
    From this org
    $224,662
    From related orgs
    $0
    Other
    $25,480
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $187,302
    Bonus
    $37,000
    Other
    $360
    Deferred
    $25,480
    Nontaxable benefits
    $0
    Filer's total
    $250,142

  • Tracy L French

    ASSISTANT VP TECH SERVICES

    Total calculated
    $244,818
    From this org
    $194,559
    From related orgs
    $0
    Other
    $50,259
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,199
    Bonus
    $33,000
    Other
    $360
    Deferred
    $27,702
    Nontaxable benefits
    $22,557
    Filer's total
    $244,818

  • Paul William Durban

    AP SALES & MARKETING NFP SERVICES

    Total calculated
    $15,827
    From this org
    $15,827
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Daniel Kunzman

    SENIOR VP NONPROFIT SERVIC-FORMER

    Total calculated
    $182,942
    From this org
    $155,622
    From related orgs
    $0
    Other
    $27,320
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $114,324
    Bonus
    $28,061
    Other
    $13,237
    Deferred
    $24,675
    Nontaxable benefits
    $2,645
    Filer's total
    $182,942

  • Mark E Krings

    VP CLIENT RELATIONS

    Total calculated
    $192,695
    From this org
    $142,078
    From related orgs
    $0
    Other
    $50,617
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,449
    Bonus
    $11,169
    Other
    $460
    Deferred
    $21,856
    Nontaxable benefits
    $28,761
    Filer's total
    $192,695

  • Timothy D Klosterman

    PROJECT MANAGER

    Total calculated
    $168,957
    From this org
    $142,281
    From related orgs
    $0
    Other
    $26,676
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,781
    Bonus
    $6,140
    Other
    $360
    Deferred
    $26,676
    Nontaxable benefits
    $0
    Filer's total
    $168,957

  • Benjamin A Reis

    MANAGER, SOFTWARE DEVELOPMENT

    Total calculated
    $167,061
    From this org
    $124,256
    From related orgs
    $0
    Other
    $42,805
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $117,996
    Bonus
    $5,900
    Other
    $360
    Deferred
    $19,404
    Nontaxable benefits
    $23,401
    Filer's total
    $167,061

  • Deana Marie Unger

    VP FINANCIAL AID OPERATION

    Total calculated
    $164,974
    From this org
    $142,879
    From related orgs
    $0
    Other
    $22,095
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,401
    Bonus
    $10,918
    Other
    $560
    Deferred
    $21,331
    Nontaxable benefits
    $764
    Filer's total
    $164,974

  • Kyle Richard Mendyk

    DATABASE ADMINISTRATOR

    Total calculated
    $149,999
    From this org
    $120,698
    From related orgs
    $0
    Other
    $29,301
    Hours/week
    40

  • Jack Huck

    CHAIRMAN

    Total calculated
    $29,250
    From this org
    $29,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Angie Tucci

    DIRECTOR

    Total calculated
    $10,500
    From this org
    $10,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Guy Saunders

    DIRECTOR

    Total calculated
    $13,750
    From this org
    $0
    From related orgs
    $13,750
    Other
    $0
    Hours/week
    2

  • Jenni Christiansen

    DIRECTOR

    Total calculated
    $10,500
    From this org
    $10,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Kimberly Russel

    DIRECTOR

    Total calculated
    $11,750
    From this org
    $0
    From related orgs
    $11,750
    Other
    $0
    Hours/week
    2

  • Thomas Smith

    DIRECTOR

    Total calculated
    $20,500
    From this org
    $10,500
    From related orgs
    $10,000
    Other
    $0
    Hours/week
    2

  • Todd Ogden

    DIRECTOR

    Total calculated
    $10,750
    From this org
    $10,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Tyre McDowell

    DIRECTOR

    Total calculated
    $10,500
    From this org
    $10,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • FES LLC

    NFP SUP SERV · NE · income $1,645,353 · assets $2,998,582

    Directly controlled by FES

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • COLLEGIATE FINANCIAL SERVICES

    C · INACTIVE · NE · 100% owned · share of income $723 · share of assets $33,871 · controlled entity

    Directly controlled by FES

Provenance

Return type
form_990
Tax year
2022
Filed
2 March 2024
IRS schema version
2022v5.0
Source object
202440759349301039

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