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← COUNCIL OF INDEPENDENT NEBRASKA COLLEGES FOUNDATION

Form 990 for tax year 2025

Filed by COUNCIL OF INDEPENDENT NEBRASKA COLLEGES FOUNDATION.

Totals

Total revenue
$1,004,190
Total expenses
$828,945
Contributions and grants received
$225,090
Grants paid
$0
Program service revenue
$296,400
Investment income
$477,253
Other revenue
$5,447
Total assets, end of year
$6,837,201
Total liabilities, end of year
$150,967
Net assets or fund balances, end of year
$6,686,234
Program services expenses (Part IX)
$540,884
Management and general expenses
$125,579
Fundraising expenses
$162,482
Program service expenses (Part III)
$540,884

Program services were 65.2% 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.

  • 1d · Related organizations

    $16,300

  • 1e · Government grants (contributions)

    $45,000

  • 1f · All other contributions, gifts and grants

    $163,790

  • 2a · Program service revenue: MEMBER ASSESSMENTS

    total $296,400 · related or exempt $296,400

  • 3 · Investment income

    total $165,990 · excluded $165,990

  • 7a · Gross sales of assets other than inventory

    securities $2,002,150

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

    securities $1,690,887

  • 7c · Gain or loss

    securities $311,263

  • 7d · Net gain or loss

    total $311,263 · excluded $311,263

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $5,447 · related or exempt $5,447

  • 11e · Other revenue, total

    $5,447

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $450,315 · program services $450,315

  • 5 · Compensation of officers, directors and key employees

    total $226,615 · program services $45,323 · management and general $56,654 · fundraising $124,638

  • 8 · Pension plan contributions

    total $5,399 · program services $1,080 · management and general $1,350 · fundraising $2,969

  • 9 · Other employee benefits

    total $36,769 · program services $7,354 · management and general $9,192 · fundraising $20,223

  • 10 · Payroll taxes

    total $19,420 · program services $3,884 · management and general $4,855 · fundraising $10,681

  • 11c · Fees: accounting

    total $7,877 · management and general $7,877

  • 11f · Fees: investment management

    total $28,877 · management and general $28,877

  • 12 · Advertising and promotion

    total $766 · program services $306 · fundraising $460

  • 13 · Office expenses

    total $8,908 · management and general $8,908

  • 16 · Occupancy

    total $2,273 · management and general $2,273

  • 17 · Travel

    total $1,229 · management and general $1,229

  • 19 · Conferences, conventions and meetings

    total $6,384 · program services $1,277 · management and general $1,596 · fundraising $3,511

  • 23 · Insurance

    total $2,768 · management and general $2,768

  • 24a · Other expenses: SPECIAL PROGRAM

    total $16,713 · program services $16,713

  • 24b · Other expenses: DELEGATE EXPENSES

    total $7,807 · program services $7,807

  • 24c · Other expenses: ASSESSMENT

    total $6,825 · program services $6,825

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $158,573 · end of year $144,058

  • 2 · Savings and temporary cash investments

    beginning of year $1,661,069 · end of year $515,069

  • 3 · Pledges and grants receivable

    beginning of year $15,300 · end of year $21,250

  • 4 · Accounts receivable

    beginning of year $4,815 · end of year $4,336

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,785 · end of year $5,013

  • 11 · Investments: publicly traded securities

    beginning of year $4,492,870 · end of year $6,147,475

  • 17 · Accounts payable and accrued expenses

    beginning of year $111,104 · end of year $126,967

  • 19 · Deferred revenue

    beginning of year $17,100 · end of year $24,000

  • 27 · Net assets without donor restrictions

    beginning of year $972,719 · end of year $1,337,337

  • 28 · Net assets with donor restrictions

    beginning of year $5,236,489 · end of year $5,348,897

Mission and programs · 2025

Mission

THE COUNCIL OF INDEPEPENDENT NEBRASKA COLLEGES FOUNDATION EXISTS TO PROVIDE OPERATING FUNDS AND SCHOLARSHIP SUPPORT FOR STUDENTS ATTENDING NEBRASKA'S INDEPENDENT INSTITUTIONS OF EXCELLENCE.

Activities or mission (Part I)

TO ENHANCE, PROMOTE AND SOLICIT SUPPORT FOR FOUNDATION MEMBERS AND NEBRASKA INDEPENDENT COLLEGES.

  • PROVIDE FINANCIAL, OPERATING, AND SCHOLARSHIP SUPPORT FOR INDEPENDENT COLLEGES AND UNIVERSITIES IN NEBRASKA.(A) TO ENHANCE AND PROMOTE INDEPENDENT, NOT-FOR-PROFIT HIGHER EDUCATION IN NEBRASKA;(B) TO BE A COLLECTIVE VOICE FOR EXCELLENCE AND CHOICE IN HIGHER EDUCATION FOR ALL STUDENTS;(C) TO CONDUCT PUBLIC POLICY ADVOCACY THAT HELPS FURTHER ACHIEVEMENT OF CORPORATION'S CHARITABLE PURPOSES AND MISSION;(D) TO GATHER AND DISSEMINATE INFORMATION AND RESERACH ABOUT THE PERFORMANCE AND CONTRIBUTIONS OF THE INDEPENDENT, NOT-FOR-PROFIT COLLEGES AND UNIVERSITIES IN THE STATE OF NEBRASKA;(E) TO BE A SOURCE OF SUPPLEMENTAL FINANCIAL SUPPORT FOR STUDENTS OF THE MEMBERS;(F) TO EXPLORE AND ASSIST WITH CONSORTIUM GRANT APPLICATIONS FOR MEMBERS TO ADVANCE THEIR MISSIONS; AND(G) TO EXPLORE AND ASSIST IN DEVELOPING COLLABORATIVE SERVICES, SUCH AS GROUP PURCHASING OR SHARED SERVICES AMONG MEMBERS.

    Expenses $540,884 · Revenue $301,847

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Aly Williams

    BOARD SECRETARY FROM 4/25

    Total calculated
    $293,842
    From this org
    $0
    From related orgs
    $274,748
    Other
    $19,094
    Hours/week
    1.5 + 1.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $200,529 related
    Bonus
    $0 + $72,173 related
    Other
    $0 + $2,046 related
    Deferred
    $0 + $5,700 related
    Nontaxable benefits
    $0 + $13,394 related
    Filer's total
    $0 + $293,842 related
  • Andreia Nebel

    DIRECTOR

    Total calculated
    $347,793
    From this org
    $0
    From related orgs
    $320,385
    Other
    $27,408
    Hours/week
    1.5 + 1.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $320,385 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $1,939 related
    Nontaxable benefits
    $0 + $25,469 related
    Filer's total
    $0 + $347,793 related
  • Bernard Bull

    DIRECTOR

    Total calculated
    $212,474
    From this org
    $0
    From related orgs
    $131,140
    Other
    $81,334
    Hours/week
    1.5 + 1.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $131,140 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $16,832 related
    Nontaxable benefits
    $0 + $64,502 related
    Filer's total
    $0 + $212,474 related
  • Daniel Hendrickson Sj

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5 + 1.5 related
  • Deb Carlson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5 + 1.5 related
  • Dr Darrin Good

    CHAIR

    Total calculated
    $408,637
    From this org
    $0
    From related orgs
    $378,457
    Other
    $30,180
    Hours/week
    1.5 + 1.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $314,330 related
    Bonus
    $0
    Other
    $0 + $64,127 related
    Deferred
    $0 + $17,500 related
    Nontaxable benefits
    $0 + $12,680 related
    Filer's total
    $0 + $408,637 related
  • Heather Smith

    DIRECTOR

    Total calculated
    $358,285
    From this org
    $0
    From related orgs
    $336,300
    Other
    $21,985
    Hours/week
    1.5 + 1.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $336,300 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $16,815 related
    Nontaxable benefits
    $0 + $5,170 related
    Filer's total
    $0 + $358,285 related
  • Jared Stark

    DIRECTOR UNTIL 7/25

    Total calculated
    $100,125
    From this org
    $0
    From related orgs
    $100,125
    Other
    $0
    Hours/week
    1.5 + 1.5 related
  • Jody Horner

    SECRETARY UNTIL 4/25

    Total calculated
    $146,666
    From this org
    $0
    From related orgs
    $136,774
    Other
    $9,892
    Hours/week
    1.5 + 1.5 related
  • Kelsi Anderson

    DIRECTOR

    Total calculated
    $281,737
    From this org
    $0
    From related orgs
    $246,090
    Other
    $35,647
    Hours/week
    1.5 + 1.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $211,440 related
    Bonus
    $0 + $27,467 related
    Other
    $0 + $7,183 related
    Deferred
    $0 + $12,236 related
    Nontaxable benefits
    $0 + $23,412 related
    Filer's total
    $0 + $281,738 related
  • Mary Hawkins

    DIRECTOR

    Total calculated
    $607,380
    From this org
    $0
    From related orgs
    $578,674
    Other
    $28,706
    Hours/week
    1.5 + 1.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $512,876 related
    Bonus
    $0 + $65,798 related
    Other
    $0
    Deferred
    $0 + $28,000 related
    Nontaxable benefits
    $0 + $706 related
    Filer's total
    $0 + $607,380 related
  • Randy Koski

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1.5
  • Richard Lloyd

    DIRECTOR

    Total calculated
    $275,385
    From this org
    $0
    From related orgs
    $257,684
    Other
    $17,701
    Hours/week
    1.5 + 1.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $256,241 related
    Bonus
    $0 + $54 related
    Other
    $0 + $1,389 related
    Deferred
    $0 + $6,413 related
    Nontaxable benefits
    $0 + $11,288 related
    Filer's total
    $0 + $275,385 related
  • Roger Hughes

    DIRECTOR

    Total calculated
    $461,216
    From this org
    $0
    From related orgs
    $409,702
    Other
    $51,514
    Hours/week
    1.5 + 1.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $391,033 related
    Bonus
    $0 + $15,000 related
    Other
    $0 + $3,669 related
    Deferred
    $0 + $21,054 related
    Nontaxable benefits
    $0 + $30,460 related
    Filer's total
    $0 + $461,216 related
  • Steven Ritzman

    TREASURER

    Total calculated
    $0
    Hours/week
    1.5
  • Yamileth Bazan

    DIRECTOR

    Total calculated
    $196,800
    From this org
    $0
    From related orgs
    $182,764
    Other
    $14,036
    Hours/week
    1.5 + 1.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $177,724 related
    Bonus
    $0
    Other
    $0 + $5,040 related
    Deferred
    $0 + $14,036 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $196,800 related
  • Tim Westbrook

    DIRECTOR FROM 7/25

    Total calculated
    $117,420
    From this org
    $0
    From related orgs
    $108,085
    Other
    $9,335
    Hours/week
    1.5 + 1.5 related
  • Treva Haugaard

    EXECUTIVE DIRECTOR

    Total calculated
    $226,615
    From this org
    $222,662
    From related orgs
    $0
    Other
    $3,953
    Hours/week
    40 + 4 related

    Schedule J breakdown matched by us

    Base
    $222,662
    Bonus
    $0
    Other
    $0
    Deferred
    $3,953
    Nontaxable benefits
    $0
    Filer's total
    $226,615

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 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.

Provenance

Return type
form_990
Tax year
2025
Filed
21 April 2026
IRS schema version
2025v4.1
Source object
202621129349300807

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