Inceptia
- Assets
- $195.9m
- Revenue
- $204.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Lincoln, NE
- Founding
- Data as of
- 09/2023
- EIN
- 92-0907062
Organization Overview
Inceptia is located in Lincoln, NE. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inceptia is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO BE THE TRUSTED ADVISOR SUPPORTING LIFE-LONG LEARNING, EDUCATIONAL ACCESS AND SKILLS DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INCEPTIA PROVIDES FINANCIAL LITERACY EDUCATION TO SECONDARY AND HIGHER EDUCATION STUDENTS AND THEIR FAMILIES VIA AN ONLINE INTERACTIVE PLATFORM; ASSISTS STUDENTS AND PARENTS IN COMPLETING THE FAFSA VERIFICATION PROCESS; COUNSELS STUDENTS WHO HAVE NOT COMPLETED A DEGREE TO ENCOURAGE RE-ENROLLMENT AND DEGREE COMPLETION; AND ADVISES STUDENT LOAN BORROWERS ON THEIR REPAYMENT OBLIGATIONS AND PROVIDE INFORMATION ON TITLE IV REPAYMENT PLAN OPTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randall Scott Heesacker President & CEO | OfficerTrustee | 20 | $0 |
David A Macoubrie Executive VP & COO | Officer | 20 | $0 |
Jill M Hicks CFO | Officer | 20 | $0 |
Michael Jay Lubben Senior VP Business Development | Officer | 40 | $0 |
Susan Kay Downing Senior VP Marketing | Officer | 40 | $0 |
William Leonard Kohl Senior VP Portfolio Management | Officer | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $202,962,628 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $159,962,628 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $202,962,628 |
| Total Program Service Revenue | $872,257 |
| Investment income | $585,040 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$75,698 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $204,344,227 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,055 |
| Fees for services: Accounting | $2,778 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,721 |
| Fees for services: Other | $138,921 |
| Advertising and promotion | $33,134 |
| Office expenses | $26,121 |
| Information technology | $1,160,350 |
| Royalties | $0 |
| Occupancy | $83,425 |
| Travel | $29,991 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,539 |
| Interest | $0 |
| Payments to affiliates | $370,548 |
| Depreciation, depletion, and amortization | $312,363 |
| Insurance | $0 |
| All other expenses | $66,251 |
| Total functional expenses | $4,735,727 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,102 |
| Savings and temporary cash investments | $41,034,692 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $550,741 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $111,466,399 |
| Investments—other securities | $0 |
| Investments—program-related | $40,146,097 |
| Intangible assets | $0 |
| Other assets | $2,647,480 |
| Total assets | $195,862,511 |
| Accounts payable and accrued expenses | $1,142,810 |
| Grants payable | $0 |
| Deferred revenue | $1,512 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $679,333 |
| Total liabilities | $1,823,655 |
| Net assets without donor restrictions | $194,038,856 |
| 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 | $195,862,511 |