Foundation for Educational Services INC FY2021 filing

Tax-deductible

Lincoln, NE501(c)(3)Since 1986EIN 47-0703499

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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.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
$1.8M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average deficit $466K a year · 2% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.8M
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $18K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4.4M
39% of total assets
Looks good: liabilities are 39% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 9 voting members
Looks good: 8 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$18.4M
-2% vs prior year
Spent
$18.2M
To programs
93%
Net assets
$6.7M
By yearFY2020–FY2025
Revenue
$18.4M
FY2021▼ -2%
Revenue by fiscal year
FY2020$18.7M
FY2021$18.4M
FY2022$20.0M
FY2023$20.0M
FY2024$21.9M
FY2025$21.5M
Expenses
$18.2M
FY2021▼ -5%
Expenses by fiscal year
FY2020$19.1M
FY2021$18.2M
FY2022$20.5M
FY2023$20.7M
FY2024$22.5M
FY2025$22.2M
Net assets
$6.7M
FY2021▲ +17%
Net assets by fiscal year
FY2020$5.8M
FY2021$6.7M
FY2022$5.0M
FY2023$4.8M
FY2024$5.2M
FY2025$4.7M

From the FY2021 Form 990 (year ending September 2021) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1987.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $16.9M Management & general 7% · $1.3M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

18 people listed on the 990; $1.8M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$330,332Pt VII · Sec A
$260,292Pt VII · Sec A
Chief Information Officer
$221,869Pt VII · Sec A
Assistant VP Security Serv
$164,816Pt VII · Sec A
Senior VP Nonprofit Servic
$163,034Pt VII · Sec A
VP Client Relations
$134,502Pt VII · Sec A
Assistant VP Tech Services
$130,866Pt VII · Sec A
VP Financial Aid Operation
$123,991Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Carolyn J Thoma$365,233$381,129$353,567$338,033$330,332$312,214
Irene Delozier$326,794$326,613$279,398$269,057$260,292$236,328
Dan Delzell$249,511$259,022$247,444$232,477$221,869$193,648
Arthur Frederick Provost III$226,948$236,019$224,662$182,742$164,816$154,695
Donna Mae Wellsandt$234,433—————
Tracy L French$211,833$214,303$194,559$152,535$130,866$118,985
Daniel Kunzman——$155,622$168,924$163,034$143,648
Paul William Durban$158,554$164,840$15,827———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides products, services, and resources to help other nonprofits achieve their missions.

Provided by the organization

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3 program services account for $16.9M of program spending, described in the organization's own filed words · FY2020.
01

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…

$14.9Mprogram expense
02

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…

$1.6Mprogram expense
03

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.

$386Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$18K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$18.4M
Ln 12
Fees for servicesLn 2g$16.4M
Other incomeLn 4–11$1.7M
Investment incomeLn 3$234K
Money outPt IX
$18.2M
Ln 25
Programscol B$16.9M
Managementcol C$1.3M
Owns and owesPt X
$6.7M
net assets · Ln 32
Cash and savingsLn 1–2$2.0M
Total assetsLn 16$11.1M
LiabilitiesLn 26$4.4M
PeoplePt VI, VII
18
listed · VII A
PaidVII A10
Voting boardVI 1a9
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$16.4M
Investment incomeLn 3$234K
Other incomeLn 4–11$1.7M
Gains on assetsLn 7$133K
Total revenueLn 12$18.4M
Assets in detailPt X, end of year
SavingsLn 2$2.0M
Cash and savings togetherLn 1–2$2.0M
InvestmentsLn 11–13$6.0M
Land, buildings, equipmentLn 10c$1.8M
Other assetsLn 15$894K
Total assetsLn 16$11.1M
LiabilitiesLn 26$4.4M
Net assetsLn 32$6.7M
OperationsPt I, VI
EmployeesI 5199
VolunteersI 60
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$1.2M$2.0M
InvestmentsLn 11–13$5.0M$6.0M
Land, buildings, equipmentLn 10c$2.0M$1.8M
Total assetsLn 16$10.3M$11.1M
LiabilitiesLn 26$4.6M$4.4M
Net assetsLn 32$5.8M$6.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$1.3M$942K$389K
Other salaries and wagesLn 7$10.2M$10.1M$128K
Pension plan contributionsLn 8$1.4M$1.4M
Other employee benefitsLn 9$2.4M$2.4M
Payroll taxesLn 10$821K$821K
Legal feesLn 11b$77K$2K$75K
Accounting feesLn 11c$39K$39K
Investment management feesLn 11f$32K$32K
Advertising and promotionLn 12$46K$46K
TravelLn 17$58K$58K$7
InterestLn 20$14K$14K
Depreciation, depletion and amortizationLn 22$460K$460K
InsuranceLn 23$172K$132K$40K
Other expenses (24a–d)Ln 24$1.1M$976K$113K
All other expensesLn 24e$96K$95K$786
Total functional expensesLn 25$18.2M$16.9M$1.3M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $21.5M$22.2M−$703K$4.7M 990 PDF
FY2024 $21.9M$22.5M−$607K$5.2M 990 PDF
FY2023 $20.0M$20.7M−$723K$4.8M 990 PDF
FY2022 $20.0M$20.5M−$562K$5.0M 990 PDF
FY2021 Viewing $18.4M$18.2M$134K$6.7M 990 PDF
FY2020 $18.7M$19.1M−$337K$5.8M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $18,356,435 across 6 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $16,428,397$16,428,397
VIII-3 Investment incomeExcluded from tax $101,001$101,001
VIII-5 RoyaltiesExcluded from tax $1,270,786$1,270,786
VIII-7 Net gain or loss on sales of assetsExcluded from tax $133,309$133,309
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $30 · Unrelated business $422,912$422,942
VIII-12 Total revenueRelated to mission $16,428,427 · Unrelated business $422,912 · Excluded from tax $1,505,096$18,356,435
Part IX · Statement of functional expenses $18,222,378 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $941,927 · Management $389,437$1,331,364
IX-7 Other salaries and wagesPrograms $10,066,693 · Management $128,109$10,194,802
IX-8 Pension plan contributionsPrograms $1,361,535$1,361,535
IX-9 Other employee benefitsPrograms $2,431,283$2,431,283
IX-10 Payroll taxesPrograms $820,762$820,762
IX-11b Legal feesPrograms $1,985 · Management $74,898$76,883
IX-11c Accounting feesManagement $38,975$38,975
IX-11f Investment management feesManagement $31,885$31,885
IX-12 Advertising and promotionPrograms $45,611$45,611
IX-17 TravelPrograms $57,792 · Management $7$57,799
IX-20 InterestManagement $13,992$13,992
IX-22 Depreciation, depletion and amortizationManagement $460,011$460,011
IX-23 InsurancePrograms $131,983 · Management $39,883$171,866
IX-24 Other expenses (24a–d)Programs $976,221 · Management $113,403$1,089,624
IX-24e All other expensesPrograms $95,200 · Management $786$95,986
IX-25 Total functional expensesPrograms $16,930,992 · Management $1,291,386 · Fundraising $0$18,222,378
Part X · Balance sheet $11,085,250 assets, 14 lines filed
X-2 Savings and temporary cash investmentsStart of year $1,151,292$2,016,355
X-4 Accounts receivableStart of year $415,273$197,467
X-9 Prepaid expenses and deferred chargesStart of year $135,673$140,953
X-10c Land, buildings and equipment, netStart of year $2,032,166$1,791,085
X-11 Publicly traded securitiesStart of year $4,975,443$6,045,106
X-15 Other assetsStart of year $1,614,969$894,284
X-16 Total assetsStart of year $10,324,816$11,085,250
X-17 Accounts payable and accrued expensesStart of year $1,776,727$2,004,603
X-19 Deferred revenueStart of year $2,148,887$1,879,188
X-24 Unsecured notes and loans payable$0
X-26 Total liabilitiesStart of year $4,563,595$4,353,272
X-27 Net assets without donor restrictionsStart of year $5,761,221$6,731,978
X-32 Total net assets or fund balancesStart of year $5,761,221$6,731,978
X-33 Total liabilities and net assetsStart of year $10,324,816$11,085,250
Part XI · Reconciliation of net assets $6,731,978 net assets at year end
XI-1 Total revenue$18,356,435
XI-2 Total expenses$18,222,378
XI-3 Revenue less expenses$134,057
XI-4 Net assets at start of year$5,761,221
XI-5 Net unrealized gains (losses) on investments$836,700
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,731,978

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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