Foundation for Educational Funding II
Also known as Educationquest Foundation
Foundation for Educational Funding II reported $9.6 million in revenue and $12.1 million in expenses for the fiscal year ending September 30, 2025. Of every $100 it spent, $85.74 went to program services, $14.26 to management and general costs and $0.00 to fundraising. Its largest source of revenue was investment income: 87.9% of the total. The highest compensation it reported for one person was $453,234 (PRESIDENT/CEO/DIRECTOR). 5 people received more than $100,000 in reportable compensation. Revenue rose 5% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending September 30, 2025 · Form 990, Part IX, line 25 · total expenses $12MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending September 30, 2025 · Form 990, Part VIII · total revenue $9.6MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 85.7% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 14.3% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 12.1% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $453,234 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 3.73% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 5 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 199.1 | 13.3 |
| Independent voting board members Part VI 1a–1b | 7 of 8 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseScholarship awards to students attending qualified post-secondary institutions of higher education in the state of nebraska. (awarded by formula on an objective nondiscriminatory basis.)
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 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
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT/CEO/DIRECTOR Director/trustee, officer, 40.00 hrs/week | $389,373 | $0 | $63,861 | $453,234 |
| CFO/SENIOR VICE PRESIDENT Officer, 40.00 hrs/week | $174,327 | $0 | $54,076 | $228,403 |
| SENIOR VICE PRESIDENT Officer, 40.00 hrs/week | $183,814 | $0 | $20,950 | $204,764 |
| VICE PRESIDENT Officer, 40.00 hrs/week | $127,429 | $0 | $42,141 | $169,570 |
| VP OF COMMUNICATION Officer, 40.00 hrs/week | $123,840 | $0 | $32,318 | $156,158 |
| CFO Officer, 40.00 hrs/week | $41,298 | $0 | $6,144 | $47,442 |
| DIRECTOR Director/trustee, 1.00 hrs/week | $9,750 | $11,250 | $0 | $21,000 |
| CHAIRMAN Director/trustee, officer, 1.00 hrs/week | $18,500 | $0 | $0 | $18,500 |
5 people received more than $100,000 in reportable compensation from Foundation for Educational Funding II (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.2M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b8 · 7 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 56
- Volunteers Part I, line 616
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| MERCER Investment consulting | $188,508 |
Individuals listed as contractors are left out. 1 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Foundation for Educational Funding II's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Foundation for Educational Funding II, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Foundation for Educational Funding II spent in FY2025, $85.74 went to programs. The full breakdown, from its IRS Form 990:
Embed on your site
Similar-sized charities in this cause
- Depaul College Prep FoundationChicago, IL · revenue $9.5M · programs 98.8% · FY2025
- Champion Education NetworkDetroit, MI · revenue $9.6M · programs 86.3% · FY2025
- Good Reason HoustonHouston, TX · revenue $9.5M · programs 83.1% · FY2025
- Associated Students of San Francisco State UniversitySan Francisco, CA · revenue $9.6M · programs 76.6% · FY2025
- Universal Alcorn Charter SchoolPhiladelphia, PA · revenue $9.5M · programs 77.3% · FY2025
Questions people ask
How much of Foundation for Educational Funding II's spending goes to programs?
In the fiscal year ending September 30, 2025, Foundation for Educational Funding II reported that 85.7% of its $12.1 million in expenses went to program services, 14.3% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Foundation for Educational Funding II pay its top executive?
The largest total compensation Foundation for Educational Funding II reported for one person in the fiscal year ending September 30, 2025 was $453,234, for the role of PRESIDENT/CEO/DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Foundation for Educational Funding II get its money?
Of $9.6 million in revenue in the fiscal year ending September 30, 2025, 12.1% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is Foundation for Educational Funding II a registered charity?
The IRS lists EIN 31-1777710 as a 501(c)(3) organization (supporting organization (509(a)(3))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending September 30, 2025, object 202632249349302303 · read the filing
- FY2024: Form 990 for the fiscal year ending September 30, 2024, object 202522049349300602 · read the filing
- FY2023: Form 990 for the fiscal year ending September 30, 2023, object 202441419349300004 · read the filing
- FY2022: Form 990 for the fiscal year ending September 30, 2022, object 202301449349301405 · read the filing
- FY2021: Form 990 for the fiscal year ending September 30, 2021, object 202221479349300317 · read the filing
- FY2020: Form 990 for the fiscal year ending September 30, 2020, object 202111839349300006 · read the filing
All filings for EIN 31-1777710: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.