Nonprofit · EIN 31-1777710
FOUNDATION FOR EDUCATIONAL FUNDING
Tax-exempt · LINCOLN, NE 68501
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $9,573,827 | $12,149,514 | -$2,575,687 | $203,726,634 | $2,103,856 | $201,622,778 |
| September 30, 2024 | 990 | $10,651,296 | $10,808,688 | -$157,392 | $195,006,071 | $2,448,329 | $192,557,742 |
| September 30, 2023 | 990 | $7,627,194 | $7,340,976 | $286,218 | $178,085,319 | $1,229,793 | $176,855,526 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $1,158,694
- Program service revenue
- $0
- Investment income
- $8,410,707
- Net gain from sales of assets
- $3,454,846
- Other revenue
- $4,426
Expenses
- Grants and similar amounts paid
- $1,215,156
- Compensation of officers, directors and key employees
- $1,212,846
- Other salaries and wages
- $1,744,725
- Salaries, compensation and benefits (total)
- $4,040,926
- Professional fundraising fees
- $0
- Legal fees
- $53,649
- Accounting fees
- $21,400
- Occupancy
- $743,096
- Travel
- $71,852
- Depreciation
- $126,240
- Program services (functional)
- $10,416,778
- Management and general (functional)
- $1,732,736
Balance sheet and other
- Total assets, start of year
- $195,006,071
- Total assets, end of year
- $203,726,634
- Total liabilities, end of year
- $2,103,856
- Net assets, end of year
- $201,622,778
- Land, buildings and equipment
- $217,928
- Publicly traded securities
- $98,959,348
- Net assets without donor restrictions
- $201,622,778
- Gross receipts
- $22,266,700
- Employees
- 6
- Volunteers
- 16
- Year formed
- 2001
- State of legal domicile
- NE
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 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ELIZABETH S KOOP | PRESIDENT/CEO/DIRECTOR Trustee or director, Officer | 40 | $389,373 | $0 | $63,861 |
| MICHAEL J TIMMINS | CFO/SENIOR VICE PRESIDENT Officer | 40 | $174,327 | $0 | $54,076 |
| DAPHNE HALL | SENIOR VICE PRESIDENT Officer | 40 | $183,814 | $0 | $20,950 |
| ERIC DRUMHELLER | VICE PRESIDENT Officer | 40 | $127,429 | $0 | $42,141 |
| REGAN ANSON | VP OF COMMUNICATION Officer | 40 | $123,840 | $0 | $32,318 |
| JODI BENJAMIN | CFO Officer | 40 | $41,298 | $0 | $6,144 |
| THOMAS SMITH | DIRECTOR Trustee or director | 1 | $9,750 | $11,250 | $0 |
| CRAIG AMES | CHAIRMAN Trustee or director, Officer | 1 | $18,500 | $0 | $0 |
| KELLY LEEPER | DIRECTOR Trustee or director | 1 | $12,000 | $0 | $0 |
| JENNIFER STRAND | DIRECTOR Trustee or director | 1 | $11,500 | $0 | $0 |
| WENDY BOYER | DIRECTOR Trustee or director | 1 | $11,250 | $0 | $0 |
| MICHAEL GREEN | DIRECTOR Trustee or director | 1 | $10,750 | $0 | $0 |
| DEBBIE COOPER | DIRECTOR Trustee or director | 1 | $10,000 | $0 | $0 |
990 for the year ended September 30, 2024: 13 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ELIZABETH S KOOP | PRESIDENT/CEO/DIRECTOR Trustee or director, Officer | 40 | $368,289 | $0 | $62,033 |
| MICHAEL J TIMMINS | CFO/SENIOR VICE PRESIDENT Officer | 40 | $186,015 | $0 | $50,640 |
| DAPHANE HALL | SENIOR VICE PRESIDENT Officer | 40 | $173,992 | $0 | $22,869 |
| ERIC DRUMHELLER | VICE PRESIDENT Officer | 40 | $120,942 | $0 | $37,046 |
| REGAN ANSON | ASSISTANT VP OF COMMUNICATION Officer | 40 | $115,375 | $0 | $28,833 |
| CRAIG AMES | DIRECTOR Trustee or director | 1 | $21,750 | $0 | $0 |
| THOMAS SMITH | DIRECTOR Trustee or director | 1 | $9,750 | $10,750 | $0 |
| KELLY LEEPER | DIRECTOR Trustee or director | 1 | $13,750 | $0 | $0 |
| MICHAEL GREEN | DIRECTOR Trustee or director | 1 | $13,500 | $0 | $0 |
| DEBBIE COOPER | DIRECTOR Trustee or director | 1 | $13,000 | $0 | $0 |
| WENDY BOYER | DIRECTOR Trustee or director | 1 | $11,500 | $0 | $0 |
| JENNIFER STRAND | DIRECTOR Trustee or director | 1 | $9,750 | $0 | $0 |
| MIGUEL CARRANZA | DIRECTOR Trustee or director | 1 | $6,500 | $0 | $0 |
990 for the year ended September 30, 2023: 13 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ELIZABETH S KOOP | PRESIDENT/CEO/DIRECTOR Trustee or director, Officer | 40 | $340,649 | $0 | $58,989 |
| MICHAEL J TIMMINS | SENIOR VICE PRESIDENT, FIS Officer | 40 | $185,173 | $0 | $45,597 |
| DAPHANE HALL | SENIOR VICE PRESIDENT, COL Officer | 40 | $165,829 | $0 | $18,969 |
| ERIC DRUMHELLER | ASSISTANT VICE PRESIDENT Officer | 40 | $113,561 | $0 | $33,977 |
| REGAN ANSON | DIRECTOR Officer | 40 | $106,459 | $0 | $22,429 |
| THOMAS SMITH | DIRECTOR Trustee or director | 1 | $10,000 | $10,500 | $0 |
| CRAIG AMES | CHAIRMAN Trustee or director, Officer | 1 | $18,750 | $0 | $0 |
| MICHAEL GREEN | DIRECTOR Trustee or director | 1 | $12,000 | $0 | $0 |
| MIGUEL CARRANZA | DIRECTOR Trustee or director | 1 | $11,500 | $0 | $0 |
| WENDY BOYER | DIRECTOR Trustee or director | 1 | $11,250 | $0 | $0 |
| KELLY LEEPER | DIRECTOR Trustee or director | 1 | $10,750 | $0 | $0 |
| JENNIFER STRAND | DIRECTOR Trustee or director | 1 | $10,000 | $0 | $0 |
| DEBBIE COOPER | DIRECTOR Trustee or director | 1 | $8,500 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 82552, LINCOLN, NE 68501-2552
- In care of
- % LIZ S FIESELMAN
- Principal officer (990 for 2024)
- ELIZABETH S KOOP, PO BOX 82552, LINCOLN, NE 685012522
- Signed the 990
- ELIZABETH S KOOP, PRESIDENT & CEO
- Phone
- (402) 479-6617
- Website
- WWW.EDUCATIONQUEST.ORG
- Return prepared by
- HBE LLP
Mission
IMPROVE ACCESS TO HIGHER EDUCATION IN NEBRASKA
Program accomplishments
- SCHOLARSHIP AWARDS TO STUDENTS ATTENDING QUALIFIED POST-SECONDARY INSTITUTIONS OF HIGHER EDUCATION IN THE STATE OF NEBRASKA. (AWARDED BY FORMULA ON AN OBJECTIVE NONDISCRIMINATORY BASIS.)Expenses $1,699,205 · grants $714,606
- GRANT AWARDS TO HIGH SCHOOLS, EITHER PUBLIC OR PRIVATE TAX-EXEMPT ORGANIZATIONS, TO ENHANCE EFFORTS TO INCREASE THEIR COLLEGE-GOING RATES. (AWARDS DETERMINED USING OBJECTIVE NONDISCRIMINATORY CRITERIA.)Expenses $1,010,327 · grants $500,550
- FREE COLLEGE PLANNING SERVICES INCLUDING COLLEGE RESEARCH, EXPLORATION OF CAREER OPTIONS, SCHOLARSHIP SEARCH, FAFSA COMPLETION AND FILING, AND FINANCIAL AID OPTIONS. (AVAILABLE TO ALL STUDENTS AND FAMILIES IN NEBRASKA REGARDLESS OF COLLEGE DESTINATION.) THREE OFFICES IN NEBRASKA OPEN TO THE PUBLIC: KEARNEY, LINCOLN, AND OMAHA.Expenses $4,707,546
- TO SUPPORT EDUCATIONQUEST FOUNDATION TO PROVIDE ACCESS TO HIGHER EDUCATION IN NEBRASKA.Expenses $2,999,700
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990 on file |
IRS record
- EIN
- 31-1777710
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2002
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $203,726,634
- Income (IRS master file)
- $22,266,700
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $9,573,827 | $12,149,514 | $203,726,634 | XML |
| 990-T | September 2025 | – | – | – | IRS |
| 990 | September 2024 | $10,651,296 | $10,808,688 | $195,006,071 | XML |
| 990-T | September 2024 | – | – | – | IRS |
| 990 | September 2023 | $7,627,194 | $7,340,976 | $178,085,319 | IRS |
| 990-T | September 2023 | – | – | – | IRS |
| 990 | September 2022 | $10,445,531 | $7,408,412 | $170,700,093 | IRS |
| 990-T | September 2022 | – | – | – | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990-T | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | 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 31-1777710).
Questions about FOUNDATION FOR EDUCATIONAL FUNDING
- What is the EIN of FOUNDATION FOR EDUCATIONAL FUNDING?
- The employer identification number (EIN) of FOUNDATION FOR EDUCATIONAL FUNDING is 31-1777710.
- Is FOUNDATION FOR EDUCATIONAL FUNDING tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to FOUNDATION FOR EDUCATIONAL FUNDING tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does FOUNDATION FOR EDUCATIONAL FUNDING file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FOUNDATION FOR EDUCATIONAL FUNDING due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FOUNDATION FOR EDUCATIONAL FUNDING last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of FOUNDATION FOR EDUCATIONAL FUNDING?
- The 990 for the year ended September 30, 2025 names ELIZABETH S KOOP.
- Who are the officers and directors of FOUNDATION FOR EDUCATIONAL FUNDING?
- The 990 for the year ended September 30, 2025 lists 13 people; 13 received compensation from the organization, the highest $389,373 (ELIZABETH S KOOP, PRESIDENT/CEO/DIRECTOR).
- How much revenue does FOUNDATION FOR EDUCATIONAL FUNDING have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $9,573,827, expenses of $12,149,514 and total assets of $203,726,634 at year end.
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