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← FOUNDATION FOR EDUCATIONAL SERVICES INC

Form 990 for tax year 2023

Filed by FOUNDATION FOR EDUCATIONAL SERVICES INC.

Totals

Total revenue
$21,927,808
Total expenses
$22,534,815
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$19,273,694
Investment income
$251,100
Other revenue
$2,403,014
Total assets, end of year
$11,071,760
Total liabilities, end of year
$5,850,735
Net assets or fund balances, end of year
$5,221,025
Program services expenses (Part IX)
$21,039,767
Management and general expenses
$1,495,048
Fundraising expenses
$0
Program service expenses (Part III)
$21,039,767

Program services were 93.4% 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 $11,605,876 · related or exempt $11,605,876

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

    total $7,667,818 · related or exempt $7,667,818

  • 3 · Investment income

    total $141,636 · excluded $141,636

  • 5 · Royalties

    total $1,040,981 · excluded $1,040,981

  • 7a · Gross sales of assets other than inventory

    securities $977,442

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

    securities $867,978

  • 7c · Gain or loss

    securities $109,464

  • 7d · Net gain or loss

    total $109,464 · excluded $109,464

  • 11a · Other revenue: ALL OTHER MISC REVENUE

    total $1,362,033 · related or exempt $186,041 · unrelated business $1,175,992

  • 11e · Other revenue, total

    $1,362,033

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $2,278,587 · program services $2,080,332 · management and general $198,255

  • 7 · Other salaries and wages

    total $11,735,672 · program services $11,348,440 · management and general $387,232

  • 8 · Pension plan contributions

    total $1,819,669 · program services $1,819,669

  • 9 · Other employee benefits

    total $2,651,034 · program services $2,651,034

  • 10 · Payroll taxes

    total $1,183,978 · program services $1,183,978

  • 11b · Fees: legal

    total $52,871 · management and general $52,871

  • 11c · Fees: accounting

    total $45,700 · management and general $45,700

  • 11f · Fees: investment management

    total $26,647 · management and general $26,647

  • 12 · Advertising and promotion

    total $58,733 · program services $58,733

  • 17 · Travel

    total $114,331 · program services $114,331

  • 20 · Interest

    total $11,148 · management and general $11,148

  • 22 · Depreciation, depletion and amortization

    total $665,418 · program services $140,974 · management and general $524,444

  • 23 · Insurance

    total $184,822 · program services $147,203 · management and general $37,619

  • 24a · Other expenses: MISCELLANEOUS

    total $1,230,871 · program services $1,040,004 · management and general $190,867

  • 24b · Other expenses: TELEPHONE

    total $167,324 · program services $154,068 · management and general $13,256

  • 24c · Other expenses: PRINTING

    total $123,953 · program services $123,835 · management and general $118

  • 24d · Other expenses: EQUIPMENT RENTAL AND MA

    total $113,855 · program services $112,855 · management and general $1,000

  • 24e · All other expenses

    total $70,202 · program services $64,311 · management and general $5,891

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $863,263 · end of year $1,382,735

  • 4 · Accounts receivable

    beginning of year $291,458 · end of year $141,916

  • 9 · Prepaid expenses and deferred charges

    beginning of year $169,483 · end of year $339,196

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

    $17,101,767

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

    $15,256,545

  • 10c · Land, buildings and equipment, net

    beginning of year $1,845,901 · end of year $1,845,222

  • 11 · Investments: publicly traded securities

    beginning of year $5,233,873 · end of year $5,905,693

  • 14 · Intangible assets

    beginning of year $57,033 · end of year $47,051

  • 15 · Other assets

    beginning of year $1,677,777 · end of year $1,409,947

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,051,158 · end of year $3,762,248

  • 19 · Deferred revenue

    beginning of year $1,981,440 · end of year $2,065,866

  • 23 · Secured mortgages and notes payable

    beginning of year $249,481 · end of year $0

  • 25 · Other liabilities

    beginning of year $40,287 · end of year $22,621

  • 27 · Net assets without donor restrictions

    beginning of year $4,816,422 · end of year $5,221,025

Mission and programs · 2023

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 $18,409,334 · Revenue $19,273,694

  • 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 $1,395,273

  • 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 $1,235,160

  • Revenue $186,041

As filed on the 2023 return.

Listed in Part VII

  • Carolyn J Thoma

    PRESIDENT

    Total calculated
    $435,843
    From this org
    $381,129
    From related orgs
    $0
    Other
    $54,714
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $316,049
    Bonus
    $63,752
    Other
    $1,328
    Deferred
    $37,485
    Nontaxable benefits
    $17,229
    Filer's total
    $435,843

  • Jack Huck

    CHAIRMAN

    Total calculated
    $30,250
    From this org
    $30,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Angie Tucci

    DIRECTOR

    Total calculated
    $11,000
    From this org
    $11,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Guy Saunders

    DIRECTOR

    Total calculated
    $15,000
    From this org
    $0
    From related orgs
    $15,000
    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
    $13,750
    From this org
    $0
    From related orgs
    $13,750
    Other
    $0
    Hours/week
    2

  • Thomas Smith

    DIRECTOR

    Total calculated
    $20,500
    From this org
    $10,750
    From related orgs
    $9,750
    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
    $9,500
    From this org
    $9,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Irene Delozier

    CFO

    Total calculated
    $371,865
    From this org
    $326,613
    From related orgs
    $0
    Other
    $45,252
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $271,085
    Bonus
    $55,000
    Other
    $528
    Deferred
    $23,315
    Nontaxable benefits
    $21,937
    Filer's total
    $371,865

  • Dan Delzell

    CIO

    Total calculated
    $292,200
    From this org
    $259,022
    From related orgs
    $0
    Other
    $33,178
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $215,444
    Bonus
    $43,050
    Other
    $528
    Deferred
    $32,849
    Nontaxable benefits
    $329
    Filer's total
    $292,200

  • Arthur Frederick Provost III

    VP SECURITY SERV

    Total calculated
    $264,122
    From this org
    $236,019
    From related orgs
    $0
    Other
    $28,103
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $196,641
    Bonus
    $38,850
    Other
    $528
    Deferred
    $28,103
    Nontaxable benefits
    $0
    Filer's total
    $264,122

  • Tracy L French

    VP TECH SERVICES

    Total calculated
    $262,874
    From this org
    $214,303
    From related orgs
    $0
    Other
    $48,571
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $177,775
    Bonus
    $36,000
    Other
    $528
    Deferred
    $30,894
    Nontaxable benefits
    $17,677
    Filer's total
    $262,874

  • Paul William Durban

    AVP SALES & MARKETING NFP

    Total calculated
    $168,280
    From this org
    $164,840
    From related orgs
    $0
    Other
    $3,440
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,312
    Bonus
    $27,000
    Other
    $528
    Deferred
    $3,440
    Nontaxable benefits
    $0
    Filer's total
    $168,280

  • Daniel Kunzman

    SENIOR VP NONPROFIT SERVIC

    Total calculated
    $3,788
    From this org
    $0
    From related orgs
    $0
    Other
    $3,788
    Hours/week
    40

  • Rachelle Lynn Weakly

    AVP IT OPERATIONS

    Total calculated
    $154,868
    From this org
    $102,096
    From related orgs
    $0
    Other
    $52,772
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $97,468
    Bonus
    $4,100
    Other
    $528
    Deferred
    $27,516
    Nontaxable benefits
    $25,256
    Filer's total
    $154,868

  • Timothy D Klosterman

    DIRECTOR WEB DEV & SOFT

    Total calculated
    $181,850
    From this org
    $152,450
    From related orgs
    $0
    Other
    $29,400
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $146,224
    Bonus
    $4,898
    Other
    $1,328
    Deferred
    $29,400
    Nontaxable benefits
    $0
    Filer's total
    $181,850

  • Mark E Krings

    VP CLIENT RELATIONS

    Total calculated
    $206,562
    From this org
    $148,180
    From related orgs
    $0
    Other
    $58,382
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,327
    Bonus
    $11,425
    Other
    $1,428
    Deferred
    $29,057
    Nontaxable benefits
    $29,325
    Filer's total
    $206,562

  • Benjamin A Reis

    MANAGER, SOFTWARE DEVELOPM

    Total calculated
    $170,735
    From this org
    $131,784
    From related orgs
    $0
    Other
    $38,951
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $126,526
    Bonus
    $4,730
    Other
    $528
    Deferred
    $11,173
    Nontaxable benefits
    $27,778
    Filer's total
    $170,735

  • Krista Brooke Odbert

    AVP PRODUCT DEV

    Total calculated
    $161,522
    From this org
    $133,435
    From related orgs
    $0
    Other
    $28,087
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $124,517
    Bonus
    $8,290
    Other
    $628
    Deferred
    $3,550
    Nontaxable benefits
    $24,537
    Filer's total
    $161,522

  • Pamela Sue Beckmann

    SRDCSE-N

    Total calculated
    $197,766
    From this org
    $151,014
    From related orgs
    $0
    Other
    $46,752
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $65,930
    Bonus
    $6,871
    Other
    $78,213
    Deferred
    $26,874
    Nontaxable benefits
    $19,878
    Filer's total
    $197,766

  • David Steiner

    DIRECTOR

    Total calculated
    $177,924
    From this org
    $131,006
    From related orgs
    $0
    Other
    $46,918
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $123,228
    Bonus
    $4,625
    Other
    $3,153
    Deferred
    $22,381
    Nontaxable benefits
    $24,537
    Filer's total
    $177,924

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 $2,403,014 · assets $802,681

    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 $608 · share of assets $34,479 · controlled entity

    Directly controlled by FES

Provenance

Return type
form_990
Tax year
2023
Filed
5 March 2025
IRS schema version
2023v6.0
Source object
202530739349301128

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