2026-03-23T14:12:45-05:00 2025-09-30 470677245 HBE LLP 7140 STEPHANIE LANE PO BOX 23110 LINCOLN NE 685423110 990 2024-10-01 470703499 FOUNDATION FOR EDUCATIONAL SERVICES FOUN 4024796933 PO BOX 82552 LINCOLN NE 68501 IRENE G DELOZIER CFO 4024796933 2026-03-10 1 0 KRYSTAL L SIEBRANDT CPA CFE CGMA P00543870 4024234343 2026-03-10 2024 2025-03-06 01:10:19Z CJ THOMA PO BOX 82552 LINCOLN NE 68501 22768573 0 X WWW.FES.ORG X 1986 NE 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. 9 7 194 0 707192 0 0 0 19273694 19212010 251100 418917 2403014 1851503 21927808 21482430 0 0 0 0 19668940 19759746 0 0 0 2865875 2425498 22534815 22185244 -607007 -702814 11071760 9639447 5850735 4924926 5221025 4714521 FES' MISSION IS TO BE A FOUNDATION OF SUPPORT FOR OUR AFFILIATES AND OTHER NONPROFITS BY PROVIDING PRODUCTS, SERVICES, & RESOURCES SO THEY CAN FULFILL THEIR MISSIONS. 0 0 18674800 19212010 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. 489719 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. 1273836 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. 236430 236430 20438355 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 21 0 1 194 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 9 7 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X IRENE G DELOZIER 4024796933 1300 O STREET LINCOLN NE 68508 CAROLYN J THOMA PRESIDENT 40.00 X X 365233 0 57285 JACK HUCK CHAIRMAN 2.00 X 0 0 0 ANGIE TUCCI DIRECTOR 1.00 X 0 0 0 GUY SAUNDERS DIRECTOR 2.00 X 0 0 0 JENNI CHRISTIANSEN DIRECTOR 1.00 X 0 0 0 KIMBERLY RUSSEL DIRECTOR 2.00 X 0 0 0 THOMAS SMITH DIRECTOR 2.00 X 0 0 0 TODD OGDEN DIRECTOR 1.00 X 0 0 0 TYRE MCDOWELL DIRECTOR 1.00 X 0 0 0 IRENE DELOZIER CFO 40.00 X 326794 0 44524 DAN DELZELL VP INFORMATION TECH 40.00 X 249511 0 34195 ARTHUR FREDERICK PROVOST III AVP SECURITY SERV 40.00 X 226948 0 28884 TRACY L FRENCH VP TECH SERVICES 40.00 X 211833 0 49731 PAUL WILLIAM DURBAN AP SALES & MARKETING NFP S 40.00 X 158554 0 8504 RACHELLE LYNN WEAKLY AVP IT OPERATIONS 40.00 X 150379 0 56171 MARK E KRINGS VP CLIENT RELATIONS 40.00 X 154429 0 56815 TIMOTHY D KLOSTERMAN DIRECTOR WEB DEV & SOFT 40.00 X 157374 0 30315 BENJAMIN A REIS MANAGER, SOFTWARE DEVELOPM 40.00 X 137384 0 41560 SHANNON R JONES ASSISTANT VICE PRESIDENT 40.00 X 142154 0 33813 DONNA MAE WELLSANDT PROGRAMMER/ANALYST 40.00 X 234433 0 37823 2515026 0 479620 29 0 1 0 0 SUPPORT SERVICE FEES 611710 12231539 12231539 LICENSE AND MAINTENANCE FEES 611710 6980471 6980471 19212010 133944 133944 907881 907881 1571116 1286143 284973 284973 284973 ALL OTHER MISC REVENUE 561000 943622 236430 707192 943622 21482430 19448440 707192 1326798 2074276 1842933 231343 11824272 11064131 760141 1890617 1890617 2798507 2798507 1172074 1172074 132048 8250 123798 56598 56598 26594 26594 63177 63177 59599 59599 619539 135803 483736 207283 168539 38744 MISCELLANEOUS 828823 828823 EQUIPMENT RENTAL AND MA 134325 134325 TELEPHONE 129589 125406 4183 ADMIN SUPPORT SERVICE E 108440 108440 59483 37731 21752 22185244 20438355 1746889 0 1382735 452492 141916 118058 339196 342421 17163371 15785377 1845222 1377994 5905693 5932123 47051 155538 1409947 1260821 11071760 9639447 3762248 3218702 2065866 1697595 22621 8629 5850735 4924926 X 5221025 4714521 5221025 4714521 11071760 9639447 -702814 196310 0 X X 0 1 X 1 0 X X 2 EDUCATIONQUEST FOUNDATION INC 470606382 10 1 4180974 0 NEBRASKA STUDENT LOAN PROGRAM 363514573 10 1 14753330 0 2 18934304 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SCHEDULE A, PART IV, SECTION C, LINE 1 FOUNDATION FOR EDUCATIONAL SERVICES (FES) IS THE SOLE MEMBER OF BOTH OF THE SUPPORTED ORGANIZATIONS: EDUCATIONQUEST AND NEBRASKA STUDENT LOAN PROGRAM. IN ADDITION, FES ELECTS THE BOARD OF DIRECTORS FOR BOTH OF THESE SUPPORTED ORGANIZATIONS AND THERE IS SOME OVERLAP BETWEEN THE FES BOARD OF DIRECTORS AND THE BOARD OF DIRECTORS OF THE SUPPORTED ORGANIZATIONS. ALTHOUGH A MAJORITY OF THE BOARD OF DIRECTORS FOR FES DO NOT ALSO SERVE ON THE BOARD OF THE SUPPORTED ORGANIZATIONS, THE POWER TO APPOINT THESE BOARDS RESTS WITH FES. 10853745 9741117 1112628 4586377 4382820 203557 1723249 1661440 61809 1377994 DUE FROM AFFILIATES 1252720 RIGHT OF USE ASSETS 8101 1260821 LEASE LIABILITY 8629 8629 X 21543706 196310 196310 21347396 26594 108440 135034 21482430 22050210 0 22050210 26594 108440 135034 22185244 PART X, LINE 2: FOUNDATION FOR EDUCATIONAL SERVICES, INC IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. AS SUCH, INCOME EARNED IN THE PERFORMANCE OF ITS EXEMPT PURPOSE IS NOT SUBJECT TO INCOME TAX. ANY INCOME EARNED THROUGH ACTIVITIES NOT RELATED TO ITS EXEMPT PURPOSE IS SUBJECT TO INCOME TAX AT NORMAL CORPORATE RATES. FES HAS SUPPORT SERVICE INCOME, WHICH IS SUBJECT TO TAX ON UNRELATED BUSINESS INCOME. FOR THE YEARS ENDED SEPTEMBER 30, 2025, FES HAD NO TAX LIABILITY ON UNRELATED BUSINESS ACTIVITY. FES BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: ADMIN SUPPORT SERVICE EXPENSE 108,440. PART XII, LINE 4B - OTHER ADJUSTMENTS: ADMIN SUPPORT SERVICE EXPENSE 108,440. X X X X X X 0 0 0 0 0 0 0 0 0 CAROLYN J THOMA PRESIDENT 331235 0 33470 0 528 0 39091 0 18194 0 422518 0 0 0 IRENE DELOZIER CFO 296016 0 30250 0 528 0 26206 0 18318 0 371318 0 0 0 DAN DELZELL VP INFORMATION TECH 226382 0 22601 0 528 0 33866 0 329 0 283706 0 0 0 DONNA MAE WELLSANDT PROGRAMMER/ANALYST 109547 0 0 0 124886 0 29626 0 8197 0 272256 0 0 0 TRACY L FRENCH VP TECH SERVICES 191305 0 20000 0 528 0 32192 0 17539 0 261564 0 0 0 ARTHUR FREDERICK PROVOST III AVP SECURITY SERV 206024 0 20396 0 528 0 28884 0 0 0 255832 0 0 0 MARK E KRINGS VP CLIENT RELATIONS 141086 0 11915 0 1428 0 30278 0 26537 0 211244 0 0 0 RACHELLE LYNN WEAKLY AVP IT OPERATIONS 135351 0 14500 0 528 0 28300 0 27871 0 206550 0 0 0 TIMOTHY D KLOSTERMAN DIRECTOR WEB DEV & SOFT 152003 0 4043 0 1328 0 30315 0 0 0 187689 0 0 0 BENJAMIN A REIS MANAGER, SOFTWARE DEVELOPM 132489 0 4367 0 528 0 15202 0 26358 0 178944 0 0 0 SHANNON R JONES ASSISTANT VICE PRESIDENT 131449 0 10077 0 628 0 16316 0 17497 0 175967 0 0 0 PAUL WILLIAM DURBAN AP SALES & MARKETING NFP S 143851 0 14175 0 528 0 8504 0 0 0 167058 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 GUY SAUNDERS, MEMBER OF THE FES BOARD, IS FATHER TO ELIZABETH KOOP WHO SERVES AS PRESIDENT OF EDUCATIONQUEST AND MEMBER OF THE RETIREMENT PLAN COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PREPARED BY THE EXTERNAL ACCOUNTANTS, REVIEWED BY THE CFO OR OTHER APPROPRIATE STAFF, AND MAILED TO ALL BOARD MEMBERS. THE 990 IS PRESENTED TO THE AUDIT COMMITTEE AND THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C PROCESS FOR MONITORING COMPLIANCE WITH CONFLICT OF INTEREST POLICY - FES MAINTAINS A COMPREHENSIVE CONFLICTS OF INTEREST POLICY FOR DIRECTORS AND OFFICERS. THE POLICY EXISTS TO IDENTITY POTENTIAL INSTANCES IN WHICH AN INDIVIDUAL COULD OBTAIN A DIRECT OR INDIRECT PERSONAL GAIN OR ADVANTAGE TO THE DETRIMENT OF THE ORGANIZATION, OR WHERE AN INDIVIDUAL'S CONDUCT COULD HAVE AN ADVERSE OR POTENTIALLY ADVERSE EFFECT ON THE INTERESTS OF THE ORGANIZATION. THE POLICY CONTAINS AN AFFIRMATIVE DUTY TO DISCLOSE, AS WELL AS A SPECIFIC PROCESS FOR DISCLOSURES OF POTENTIAL CONFLICTS OF INTEREST, A PROTOCOL IN WHICH INDEPENDENT, OUTSIDE LEGAL COUNSEL IS USED TO EVALUATE WHETHER A CONFLICT EXISTS, PROCEDURES FOR ADDRESSING ACTUAL CONFLICTS OF INTEREST, AND CONSEQUENCES FOR VIOLATIONS OF THE POLICY. THE POLICY REQUIRES ALL DIRECTORS AND OFFICES TO COMPLETE AND SUBMIT AN ANNUAL CONFLICTS DISCLOSURE FORM TO OUTSIDE LEGAL COUNSEL. IN ADDITION, THE CONFLICT OF INTEREST POLICY IS INCLUDED IN THE EMPLOYEE HANDBOOK WHICH ALL EMPLOYEES MUST ACKNOWLEDGE AND AGREE TO ABIDE BY. FORM 990, PART VI, SECTION B, LINE 15 REVIEW OF CEO OR TOP MGMT OFFICIAL COMPENSATION OUTSIDE LEGAL COUNSEL UNDERTAKES A COMPREHENSIVE EVALUATION OF THE COMPENSATION AND BENEFITS PACKAGES FOR OFFICERS AND OTHER AFFECTED EMPLOYEES OF THE ORGANIZATION, COMPARING THE SAME TO RELEVANT INDUSTRY AND OTHER MARKET COMPARABLES. COUNSEL THEN PROVIDES TO THE BOARD OF DIRECTORS A SUMMARY OF THE COMPARABILITY DATA, AN ANALYSIS OF THE DATA RELATIVE TO THE ORGANIZATIONAL EMPLOYEES, AND A REASONED OPINION CONCERNING HIS CONCLUSION. THE BOARD OF DIRECTORS THEN CONFIRMS AND RATIFIES ALL COMPENSATION/BENEFITS PACKAGES, WITH THE DECISION PROCESS PROPERLY DOCUMENTED AS REQUIRED BY THE REGULATIONS. ON A ROUTINE BASIS WE ENGAGE AN INDEPENDENT COMPENSATION SPECIALIST TO PROVIDE COMPARABLE DATA FOR KEY POSITIONS. FORM 990, PART VI, SECTION C, LINE 19 FES DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART VI, SECTION B, LINE 15B: REVIEW OF OTHER OFFICER OR KEY EMPLOYEES COMPENSATION SAME AS LINE 15A. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED. FES LLC 1300 O STREET LINCOLN NE 68508 263787116 NFP SUP SERV NE 1851503 478649 FES EDUCATIONQUEST FOUNDATION 1300 O STREET LINCOLN NE 68508 470606382 EDUC SUPPORT NE 501 (C) 3 10 N/A 0 NEBRASKA STUDENT LOAN PROGRAM 1300 O STREET LINCOLN NE 68508 363514573 GUARANTOR NE 501 (C) 3 10 N/A 0 COLLEGIATE FINANCIAL SERVICES 1300 O STREET LINCOLN NE 68508 470802300 INACTIVE NE FES C 650 35130 1.00000 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 EDUCATIONQUEST FOUNDATION INC A 425248 FMV NEBRASKA STUDENT LOAN PROGRAM INC A 1160915 FMV EDUCATIONQUEST FOUNDATION INC L 3681674 FMV NEBRASKA STUDENT LOAN PROGRAM INC L 14076945 FMV