Nelnet Foundation
- Assets
- $16.2m
- Revenue
- $5.7m
- Investments
- $15.1m
- Employees
- 0
- Location
- Lincoln, NE
- Founding
- 06/2005
- Data as of
- 12/2022
- 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 12/2022, Nelnet Foundation generated $5.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 53.1% each year . All expenses for the organization totaled $3.6m during the year ending 12/2022. While expenses have increased by 9.6% per year over the past 4 years. They've been increasing with an increasing level of total revenue. 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
2022
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 | |
Kathy Farrell Director | 1 | $0 | |
Kimberly Rath Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,513,760 |
| Interest on Savings | $0 |
| Dividends & Interest | $477,856 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $566,320 |
| Capital Gain Net Income | $566,320 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $135,872 |
| Total Revenue | $5,693,808 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $104,911 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $100 |
| Total operating and administrative expenses | $191,849 |
| Contributions, gifts, grants paid | $3,410,232 |
| Total expenses and disbursements | $3,602,081 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $512,882 |
| Savings and temporary cash investments | $243,135 |
| Net Accounts receivable | $698 |
| 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 | $2,444,890 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $362,212 |
| Total assets | $16,225,922 |
| Accounts payable and accrued expenses | $566,174 |
| Grants payable | $280,000 |
| 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 | $846,174 |