Foundation For Educational Funding

Organization Overview

Foundation For Educational Funding, operating under the name Educationquest Foundation, is located in Lincoln, NE. The organization was established in 2002. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 09/2021, Educationquest Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Educationquest 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 09/2020, Educationquest Foundation generated $9.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.9% each year . All expenses for the organization totaled $6.3m during the year ending 09/2020. While expenses have increased by 0.1% per year over the past 6 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.

Since 2015, Educationquest Foundation has awarded 163 individual grants totaling $1,828,700. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

IMPROVE ACCESS TO HIGHER EDUCATION IN NEBRASKA: THIS ORGANIZATION'S EXCLUSIVE PURPOSE IS TO OPERATE AS A SUPPORTING ORGANIZATION BY CONDUCTING OR SUPPORTING ACTIVITIES FOR THE BENEFIT OR TO PERFORM THE FUNCTION OF, OR TO CARRY OUT THE PURPOSES OF, EDUCATIONQUEST FOUNDATION, A NEBRASAKA NONPROFIT ORGANIZATION UNDER SECTION 501(C)(3), 509(A)(2) OF THE INTERNAL REVENUE CODE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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.)FREE OUTREACH AND TRAINING FOR COMMUNITY AGENCIES IN THE STATE OF NEBRASKA REGARDING CAREER OPTIONS, SCHOLARSHIPS, FAFSA COMPLETION, FINANCIAL AID OPTIONS, AND OTHER COLLEGE PLANNING MATERIALS FOR THEIR CLIENTS.


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.)FREE ANNUAL WORKSHOPS ON COLLEGE ACCESS FOR NEBRASKA HIGH SCHOOLS AND A BIENNIAL SYMPOSIUM ON STATE-WIDE COLLEGE ACCESS ISSUES. FREE PUBLICATIONS: COLLEGE ACCESS NEBRASKA - BEST PRACTICE GUIDE FOR COLLEGE ACCESS IN NEBRASKA HIGH SCHOOLS. GRANTS TO MIDDLE SCHOOLS IN NEBRASKA FOR VISITS TO COLLEGE CAMPUSES. (AWARDED BY FORMULA ON AN OBJECTIVE NONDISCRIMINATORY BASIS.)


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. SPONSOR COLLEGE FAIRS AND CONDUCT FREE COLLEGE PLANNING PRESENTATIONS AROUND NEBRASKA. DEVELOPMENT AND MAINTENANCE OF A WEBSITE THAT PROVIDES INFORMATION FOR MIDDLE SCHOOL AND HIGH SCHOOL STUDENTS AND PARENTS, ADULT LEARNERS, STUDENTS WITH DISABILITIES, NEBRASKA SCHOOL AND AGENCY PROFESSIONALS, PLUS COLLEGE PROFESSIONALS. TOOLS TO ASSIST WITH COLLEGE SELECTION, COLLEGE COSTS ESTIMATOR, FAFSA TUTORIAL, AND COLLEGE PROFILES. FREE ON-LINE ACCESS AVAILABLE IN ENGLISH AND SPANISH. FREE COLLEGE ACCESS TRAINING FOR NEBRASKA MIDDLE SCHOOLS AND HIGH SCHOOLS, AND NEBRASKA COMMUNITY AGENCIES. FREE PUBLICATIONS: EDUCATIONQUEST PROVIDES A VARIETY OF FREE PRINT PUBLICATIONS TO GRADE 6-12 STUDENTS AND FAMILIES AND ADULT LEARNERS.STATEWIDE FREE PROGRAMS AND SERVICES FOR 6TH-8TH GRADE STUDENTS UTILIZING LOOK2COLLEGE AND KNOWHOW2GO PUBLICATIONS AND INFORMATION.INCREASE AWARENESS OF COLLEGE ACCESS THROUGH BILLBOARDS, RADIO AND TV SPOTS, EMAILS, AND ADS.


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Board, Officers & Key Employees

Name (title)Compensation
Elizabeth S Koop
President/ceo/director
$320,202
Michael J Timmins
Cfo/senior Vice President
$155,427
Daphne Hall
Senior Vice President, Col
$155,414
Eric Drumheller
Vice President
$103,959
Craig Ames
Chairman
$20,500
Kelly Leeper
Director
$12,500

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$60,000
Investment income $974,500
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $8,084,257
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $9,132,107

Grants Awarded

Over the last fiscal year, Foundation For Educational Funding has awarded $59,400 in support to 8 organizations.

Grant RecipientAmount

OMAHA SOUTH HIGH SCHOOL

PURPOSE: COLLEGE ACCESS

$10,400

LINCOLN SOUTHEAST HIGH SCHOOL

PURPOSE: COLLEGE ACCESS

$9,100

OMAHA BENSON HIGH SCHOOL

PURPOSE: COLLEGE ACCESS

$8,700

LINCOLN HIGH SCHOOL

PURPOSE: COLLEGE ACCESS

$7,800

COLUMBUS HIGH SCHOOL

PURPOSE: COLLEGE ACCESS

$6,900

LEXINGTION HIGH SCHOOL

PURPOSE: COLLEGE ACCESS

$6,200
View Grant Profile

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