Nelnet Foundation
- Assets
- $13.7m
- Revenue
- $820.4k
- Investments
- $13.0m
- Employees
- 0
- Location
- Lincoln, NE
- Founding
- 06/2005
- Data as of
- 12/2021
- EIN
- 20-2202134
Organization Overview
Nelnet Foundation is located in Lincoln, NE. The organization was established in 2005. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nelnet Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Nelnet Foundation generated $820.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (28.6%) each year. All expenses for the organization totaled $2.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
SEE STATEMENT A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ben Kiser President | 1 | $0 | |
Jim Kruger Vice President, Treasurer | 1 | $0 | |
Bill Munn Secretary | 1 | $0 | |
Thomas E Henning Director | 1 | $0 | |
Kimberly Rath Director | 1 | $0 | |
Kathy Farrell Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $497,192 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $83,096 |
| Capital Gain Net Income | $83,096 |
| Net ST Capital Gain | $0 |
| Income Modifications | $1,500 |
| Profit on Inventory Sales | $0 |
| Other Income | $240,103 |
| Total Revenue | $820,391 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $75,169 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $509 |
| Total operating and administrative expenses | $155,931 |
| Contributions, gifts, grants paid | $2,238,453 |
| Total expenses and disbursements | $2,394,384 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $137,138 |
| Savings and temporary cash investments | $225,162 |
| Net Accounts receivable | $3 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,449,646 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $351,187 |
| Total assets | $13,733,170 |
| Accounts payable and accrued expenses | $13,720 |
| Grants payable | $431,429 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $445,149 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Nelnet Foundation has recieved totaling $10,478.
| Awarding Organization | Amount |
|---|---|
| $10,478 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Meridian Institute Dillon, CO | $18,119,345 | $21,383,160 |
Gill Foundation Denver, CO | $227,109,663 | $12,646,667 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
Hughes Charitable Foundation Jackson, WY | $5,676,764 | $10,003,792 |
Air Force Academy Foundation USAF Academy, CO | $121,910,731 | $31,160,927 |
Maccarthy Foundation St Louis, MO | $108,435,057 | $6,194,626 |
Adolph Coors Foundation Denver, CO | $181,746,526 | $17,055,158 |
Margulf Foundation Glendale, CO | $241,666,410 | $12,944,358 |
David C Butterfield And Alfonso D Rubio Memorial Foundation Aspen, CO | $229,390,732 | $219,209,286 |
Edward D Jones & Company Foundation St Louis, MO | $57,937,606 | $44,940,612 |
Charles Schwab Corporation Foundation Lone Tree, CO | $19,264,373 | $12,956,371 |
Principal Financial Group Foundation Inc Des Moines, IA | $217,742,870 | $19,396,180 |