Nonprofit · EIN 20-2202134
NELNET FOUNDATION
Tax-exempt · LINCOLN, NE 68508
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $4,672,746 | $2,860,665 | $1,812,081 | $17,073,304 | $295,000 | $16,778,304 |
| December 31, 2024 | 990-PF | $2,129,205 | $2,960,539 | -$831,334 | $15,624,556 | $658,333 | $14,966,223 |
| December 31, 2023 | 990-PF | $4,055,790 | $3,637,981 | $417,809 | $16,609,224 | $811,667 | $15,797,557 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,500,000
- Dividends
- $634,276
- Net gain from sales of assets
- $1,415,831
- Other income
- $1,122,639
Expenses
- Grants and similar amounts paid
- $2,734,572
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $3,107,256
- Excise tax on investment income
- $25,862
Balance sheet and other
- Total assets, start of year
- $15,624,556
- Total assets, end of year
- $17,073,304
- Total liabilities, end of year
- $295,000
- Net assets, end of year
- $16,778,304
- Fair market value of assets
- $26,209,271
- Qualifying distributions
- $3,107,256
- Net investment income
- $1,955,294
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BEN KISER 121 SOUTH 13TH STREET SUITE 201, LINCOLN, NE 68508 | PRESIDENT | 1 | $0 |
| JIM KRUGER 121 SOUTH 13TH STREET SUITE 201, LINCOLN, NE 68508 | VICE PRESIDENT, TREASURER | 1 | $0 |
| BILL MUNN 3015 SOUTH PARKER ROAD SUITE 400, DENVER, CO 80014 | SECRETARY | 1 | $0 |
| THOMAS E HENNING 121 SOUTH 13TH STREET SUITE 201, LINCOLN, NE 68508 | DIRECTOR | 1 | $0 |
| KATHY FARRELL 121 SOUTH 13TH STREET SUITE 201, LINCOLN, NE 68508 | DIRECTOR | 1 | $0 |
| KIMBERLY RATH 121 SOUTH 13TH STREET SUITE 201, LINCOLN, NE 68508 | DIRECTOR | 1 | $0 |
| DAVID GRAFF 121 SOUTH 13TH STREET SUITE 201, LINCOLN, NE 68508 | DIRECTOR | 1 | $0 |
| PREETA D BANSAL 121 SOUTH 13TH STREET SUITE 201, LINCOLN, NE 68508 | DIRECTOR | 1 | $0 |
| MICHAEL DUNLAP 121 SOUTH 13TH STREET SUITE 201, LINCOLN, NE 68508 | DIRECTOR | 1 | $0 |
| MATTHEW DUNLAP 121 SOUTH 13TH STREET SUITE 201, LINCOLN, NE 68508 | DIRECTOR | 1 | $0 |
| ADAM PETERSON 121 SOUTH 13TH STREET SUITE 201, LINCOLN, NE 68508 | DIRECTOR | 1 | $0 |
| JONA VAN DEUN 121 SOUTH 13TH STREET SUITE 201, LINCOLN, NE 68508 | DIRECTOR | 1 | $0 |
990-PF for the year ended December 31, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BEN KISER 121 SOUTH 13TH STREET SUITE 201, LINCOLN, NE 68508 | PRESIDENT | 1 | $0 |
| JIM KRUGER 121 SOUTH 13TH STREET SUITE 201, LINCOLN, NE 68508 | VICE PRESIDENT, TREASURER | 1 | $0 |
| BILL MUNN 3015 SOUTH PARKER ROAD SUITE 400, DENVER, CO 80014 | SECRETARY | 1 | $0 |
| THOMAS E HENNING 121 SOUTH 13TH STREET SUITE 201, LINCOLN, NE 68508 | DIRECTOR | 1 | $0 |
| KATHY FARRELL 121 SOUTH 13TH STREET SUITE 201, LINCOLN, NE 68508 | DIRECTOR | 1 | $0 |
| KIMBERLY RATH 121 SOUTH 13TH STREET SUITE 201, LINCOLN, NE 68508 | DIRECTOR | 1 | $0 |
| DAVID GRAFF 121 SOUTH 13TH STREET SUITE 201, LINCOLN, NE 68508 | DIRECTOR | 1 | $0 |
| PREETA D BANSAL 121 SOUTH 13TH STREET SUITE 201, LINCOLN, NE 68508 | DIRECTOR | 1 | $0 |
| MICHAEL DUNLAP 121 SOUTH 13TH STREET SUITE 201, LINCOLN, NE 68508 | DIRECTOR | 1 | $0 |
| MATTHEW DUNLAP 121 SOUTH 13TH STREET SUITE 201, LINCOLN, NE 68508 | DIRECTOR | 1 | $0 |
| ADAM PETERSON 121 SOUTH 13TH STREET SUITE 201, LINCOLN, NE 68508 | DIRECTOR | 1 | $0 |
| JONA VAN DEUN 121 SOUTH 13TH STREET SUITE 201, LINCOLN, NE 68508 | DIRECTOR | 1 | $0 |
990-PF for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BEN KISER 121 SOUTH 13TH STREET SUITE 201, LINCOLN, NE 68508 | PRESIDENT | 1 | $0 |
| JIM KRUGER 121 SOUTH 13TH STREET SUITE 201, LINCOLN, NE 68508 | VICE PRESIDENT, TREASURER | 1 | $0 |
| BILL MUNN 3015 SOUTH PARKER ROAD SUITE 400, DENVER, CO 80014 | SECRETARY | 1 | $0 |
| THOMAS E HENNING 121 SOUTH 13TH STREET SUITE 201, LINCOLN, NE 68508 | DIRECTOR | 1 | $0 |
| KATHY FARRELL 121 SOUTH 13TH STREET SUITE 201, LINCOLN, NE 68508 | DIRECTOR | 1 | $0 |
| KIMBERLY RATH 121 SOUTH 13TH STREET SUITE 201, LINCOLN, NE 68508 | DIRECTOR | 1 | $0 |
| DAVID GRAFF 121 SOUTH 13TH STREET SUITE 201, LINCOLN, NE 68508 | DIRECTOR | 1 | $0 |
| PREETA D BANSAL 121 SOUTH 13TH STREET SUITE 201, LINCOLN, NE 68508 | DIRECTOR | 1 | $0 |
| MICHAEL DUNLAP 121 SOUTH 13TH STREET SUITE 201, LINCOLN, NE 68508 | DIRECTOR | 1 | $0 |
| MATTHEW DUNLAP 121 SOUTH 13TH STREET SUITE 201, LINCOLN, NE 68508 | DIRECTOR | 1 | $0 |
| ADAM PETERSON 121 SOUTH 13TH STREET SUITE 201, LINCOLN, NE 68508 | DIRECTOR | 1 | $0 |
| JONA VAN DEUN 121 SOUTH 13TH STREET SUITE 201, LINCOLN, NE 68508 | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 121 S 13TH ST STE 201, LINCOLN, NE 68508-1911
- In care of
- % SCOTT GUBBELS
- Signed the 990-PF
- Scott Gubbels, Officer
- Phone
- (402) 458-3041
- Return prepared by
- Labenz & Associates LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 20-2202134
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2005
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $17,073,304
- Income (IRS master file)
- $8,767,817
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $4,672,746 | $2,860,665 | $17,073,304 | IRS |
| 990-T | December 2025 | – | – | – | IRS |
| 990-PF | December 2024 | $2,129,205 | $2,960,539 | $15,624,556 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $4,055,790 | $3,637,981 | $16,609,224 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-2202134).
Questions about NELNET FOUNDATION
- What is the EIN of NELNET FOUNDATION?
- The employer identification number (EIN) of NELNET FOUNDATION is 20-2202134.
- Is NELNET FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to NELNET FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does NELNET FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of NELNET FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NELNET FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of NELNET FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 12 people; 0 received compensation from the organization.
- How much revenue does NELNET FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $4,672,746, expenses of $2,860,665 and total assets of $17,073,304 at year end.
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