Foundation For Educational Services Inc

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 09/2022, Foundation For Educational Services Inc employed 205 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.

Mission & Program ActivityExcerpts From the 990T 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:

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 700 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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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

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