Foundation For Educational Services Inc
- Assets
- $9.5m
- Revenue
- $20.0m
- Investments
- $0.0
- Employees
- 199
- Location
- Lincoln, NE
- Founding
- 10/1987
- Data as of
- 09/2022
- EIN
- 47-0703499
Organization Overview
Foundation For Educational Services Inc is located in Lincoln, NE. The organization was established in 1987. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 09/2023, Foundation For Educational Services Inc employed 199 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Educational Services Inc 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 09/2022, Foundation For Educational Services Inc generated $20.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $20.5m during the year ending 09/2022. While expenses have increased by 3.3% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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 SUPPORT SERVICES, DISASTER RECOVERY, TECHNICAL NETWORK SECURITY INFRASTRUCTURE AND SUPPORT. KEY OBJECTIVES WERE COMPLETED THAT MOVED ALL ORGANIZATIONS FORWARD IN DELIVERING OR ENHANCING THEIR SERVICES FOR THEIR STAKEHOLDERS.
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 BETTER CONNECT TO THE COMMUNITIES THEY SERVE. THIS SERVICE IS CURRENTLY BEING PROVIDED TO APPROXIMATELY 400 CLIENTS.
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. FES PROVIDES THESE SERVICES TO NOT-FOR-PROFIT ORGANIZATIONS TO IMPROVE THEIR OPERATIONAL EFFICIENCIES AND TO FOCUS ON THEIR MISSION-DRIVEN PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn J Thoma President | OfficerTrustee | 40 | $353,567 |
Irene Delozier CFO | Officer | 40 | $279,398 |
Dan Delzell VP Information Tech | Officer | 40 | $247,444 |
Arthur Frederick Provost III Assistant VP Security Serv | Officer | 40 | $224,662 |
Tracy L French Assistant VP Tech Services | Officer | 40 | $194,559 |
Paul William Durban Ap Sales & Marketing Nfp Services | Officer | 40 | $15,827 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $18,031,324 |
| Investment income | $166,642 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,176,969 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $104,253 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,971,650 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,693,026 |
| Compensation of current officers, directors, key employees. | $409,689 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,375,317 |
| Pension plan accruals and contributions | $1,504,922 |
| Other employee benefits | $2,636,330 |
| Payroll taxes | $897,081 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $31,140 |
| Fees for services: Accounting | $41,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $33,972 |
| Fees for services: Other | $0 |
| Advertising and promotion | $53,513 |
| Office expenses | $113,125 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $103,722 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,698 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $393,125 |
| Insurance | $172,119 |
| All other expenses | $34,954 |
| Total functional expenses | $20,533,430 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,647,773 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $143,703 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $160,560 |
| Net Land, buildings, and equipment | $1,499,875 |
| Investments—publicly traded securities | $4,934,660 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,109,672 |
| Total assets | $9,496,243 |
| Accounts payable and accrued expenses | $2,251,928 |
| Grants payable | $0 |
| Deferred revenue | $1,889,410 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $319,481 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,460,819 |
| Net assets without donor restrictions | $5,035,424 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,496,243 |