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Nonprofiteer
← FOUNDATION FOR EDUCATIONAL SERVICES INC

Form 990 for tax year 2024

Filed by FOUNDATION FOR EDUCATIONAL SERVICES INC.

Totals

Total revenue
$21,482,430
Total expenses
$22,185,244
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$19,212,010
Investment income
$418,917
Other revenue
$1,851,503
Total assets, end of year
$9,639,447
Total liabilities, end of year
$4,924,926
Net assets or fund balances, end of year
$4,714,521
Program services expenses (Part IX)
$20,438,355
Management and general expenses
$1,746,889
Fundraising expenses
$0
Program service expenses (Part III)
$20,438,355

Program services were 92.1% 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 $12,231,539 · related or exempt $12,231,539

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

    total $6,980,471 · related or exempt $6,980,471

  • 3 · Investment income

    total $133,944 · excluded $133,944

  • 5 · Royalties

    total $907,881 · excluded $907,881

  • 7a · Gross sales of assets other than inventory

    securities $1,571,116

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

    securities $1,286,143

  • 7c · Gain or loss

    securities $284,973

  • 7d · Net gain or loss

    total $284,973 · excluded $284,973

  • 11a · Other revenue: ALL OTHER MISC REVENUE

    total $943,622 · related or exempt $236,430 · unrelated business $707,192

  • 11e · Other revenue, total

    $943,622

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $2,074,276 · program services $1,842,933 · management and general $231,343

  • 7 · Other salaries and wages

    total $11,824,272 · program services $11,064,131 · management and general $760,141

  • 8 · Pension plan contributions

    total $1,890,617 · program services $1,890,617

  • 9 · Other employee benefits

    total $2,798,507 · program services $2,798,507

  • 10 · Payroll taxes

    total $1,172,074 · program services $1,172,074

  • 11b · Fees: legal

    total $132,048 · program services $8,250 · management and general $123,798

  • 11c · Fees: accounting

    total $56,598 · management and general $56,598

  • 11f · Fees: investment management

    total $26,594 · management and general $26,594

  • 12 · Advertising and promotion

    total $63,177 · program services $63,177

  • 17 · Travel

    total $59,599 · program services $59,599

  • 22 · Depreciation, depletion and amortization

    total $619,539 · program services $135,803 · management and general $483,736

  • 23 · Insurance

    total $207,283 · program services $168,539 · management and general $38,744

  • 24a · Other expenses: MISCELLANEOUS

    total $828,823 · program services $828,823

  • 24b · Other expenses: EQUIPMENT RENTAL AND MA

    total $134,325 · program services $134,325

  • 24c · Other expenses: TELEPHONE

    total $129,589 · program services $125,406 · management and general $4,183

  • 24d · Other expenses: ADMIN SUPPORT SERVICE E

    total $108,440 · program services $108,440

  • 24e · All other expenses

    total $59,483 · program services $37,731 · management and general $21,752

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,382,735 · end of year $452,492

  • 4 · Accounts receivable

    beginning of year $141,916 · end of year $118,058

  • 9 · Prepaid expenses and deferred charges

    beginning of year $339,196 · end of year $342,421

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

    $17,163,371

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

    $15,785,377

  • 10c · Land, buildings and equipment, net

    beginning of year $1,845,222 · end of year $1,377,994

  • 11 · Investments: publicly traded securities

    beginning of year $5,905,693 · end of year $5,932,123

  • 14 · Intangible assets

    beginning of year $47,051 · end of year $155,538

  • 15 · Other assets

    beginning of year $1,409,947 · end of year $1,260,821

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,762,248 · end of year $3,218,702

  • 19 · Deferred revenue

    beginning of year $2,065,866 · end of year $1,697,595

  • 25 · Other liabilities

    beginning of year $22,621 · end of year $8,629

  • 27 · Net assets without donor restrictions

    beginning of year $5,221,025 · end of year $4,714,521

Mission and programs · 2024

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 $18,674,800 · Revenue $19,212,010

  • 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 $489,719

  • 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 $1,273,836

  • Revenue $236,430

As filed on the 2024 return.

Listed in Part VII

  • Carolyn J Thoma

    PRESIDENT

    Total calculated
    $422,518
    From this org
    $365,233
    From related orgs
    $0
    Other
    $57,285
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $331,235
    Bonus
    $33,470
    Other
    $528
    Deferred
    $39,091
    Nontaxable benefits
    $18,194
    Filer's total
    $422,518

  • Jack Huck

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Angie Tucci

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Guy Saunders

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jenni Christiansen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kimberly Russel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Thomas Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Todd Ogden

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tyre McDowell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Irene Delozier

    CFO

    Total calculated
    $371,318
    From this org
    $326,794
    From related orgs
    $0
    Other
    $44,524
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $296,016
    Bonus
    $30,250
    Other
    $528
    Deferred
    $26,206
    Nontaxable benefits
    $18,318
    Filer's total
    $371,318

  • Dan Delzell

    VP INFORMATION TECH

    Total calculated
    $283,706
    From this org
    $249,511
    From related orgs
    $0
    Other
    $34,195
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $226,382
    Bonus
    $22,601
    Other
    $528
    Deferred
    $33,866
    Nontaxable benefits
    $329
    Filer's total
    $283,706

  • Arthur Frederick Provost III

    AVP SECURITY SERV

    Total calculated
    $255,832
    From this org
    $226,948
    From related orgs
    $0
    Other
    $28,884
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $206,024
    Bonus
    $20,396
    Other
    $528
    Deferred
    $28,884
    Nontaxable benefits
    $0
    Filer's total
    $255,832

  • Tracy L French

    VP TECH SERVICES

    Total calculated
    $261,564
    From this org
    $211,833
    From related orgs
    $0
    Other
    $49,731
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $191,305
    Bonus
    $20,000
    Other
    $528
    Deferred
    $32,192
    Nontaxable benefits
    $17,539
    Filer's total
    $261,564

  • Paul William Durban

    AP SALES & MARKETING NFP S

    Total calculated
    $167,058
    From this org
    $158,554
    From related orgs
    $0
    Other
    $8,504
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,851
    Bonus
    $14,175
    Other
    $528
    Deferred
    $8,504
    Nontaxable benefits
    $0
    Filer's total
    $167,058

  • Rachelle Lynn Weakly

    AVP IT OPERATIONS

    Total calculated
    $206,550
    From this org
    $150,379
    From related orgs
    $0
    Other
    $56,171
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,351
    Bonus
    $14,500
    Other
    $528
    Deferred
    $28,300
    Nontaxable benefits
    $27,871
    Filer's total
    $206,550

  • Mark E Krings

    VP CLIENT RELATIONS

    Total calculated
    $211,244
    From this org
    $154,429
    From related orgs
    $0
    Other
    $56,815
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,086
    Bonus
    $11,915
    Other
    $1,428
    Deferred
    $30,278
    Nontaxable benefits
    $26,537
    Filer's total
    $211,244

  • Timothy D Klosterman

    DIRECTOR WEB DEV & SOFT

    Total calculated
    $187,689
    From this org
    $157,374
    From related orgs
    $0
    Other
    $30,315
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,003
    Bonus
    $4,043
    Other
    $1,328
    Deferred
    $30,315
    Nontaxable benefits
    $0
    Filer's total
    $187,689

  • Benjamin A Reis

    MANAGER, SOFTWARE DEVELOPM

    Total calculated
    $178,944
    From this org
    $137,384
    From related orgs
    $0
    Other
    $41,560
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,489
    Bonus
    $4,367
    Other
    $528
    Deferred
    $15,202
    Nontaxable benefits
    $26,358
    Filer's total
    $178,944

  • Shannon R Jones

    ASSISTANT VICE PRESIDENT

    Total calculated
    $175,967
    From this org
    $142,154
    From related orgs
    $0
    Other
    $33,813
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,449
    Bonus
    $10,077
    Other
    $628
    Deferred
    $16,316
    Nontaxable benefits
    $17,497
    Filer's total
    $175,967

  • Donna Mae Wellsandt

    PROGRAMMER/ANALYST

    Total calculated
    $272,256
    From this org
    $234,433
    From related orgs
    $0
    Other
    $37,823
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $109,547
    Bonus
    $0
    Other
    $124,886
    Deferred
    $29,626
    Nontaxable benefits
    $8,197
    Filer's total
    $272,256

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 $1,851,503 · assets $478,649

    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 $650 · share of assets $35,130 · controlled entity

    Directly controlled by FES

Provenance

Return type
form_990
Tax year
2024
Filed
10 March 2026
IRS schema version
2024v5.5
Source object
202600829349300235

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