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Educationquest Foundation Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 470606382 ✦ Lincoln, NE ✦ Designated as a 501(c)(3)

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Overview

What is Educationquest Foundation Inc?

The Educationquest Foundation Inc, situated in Nebraska, is a nonprofit organization dedicated to enhancing accessibility to higher education within the state. Their activities include participating in initiatives that promote education in Nebraska, such as acquiring various forms of student loan portfolios. The Internal Revenue Service (IRS) has granted a private letter ruling, confirming that these actions align with the Foundation's exempt status under Section 501(C)(3). Moreover, the Educationquest Foundation awards scholarships to deserving students attending post-secondary institutions in Nebraska, ensuring the distribution of these scholarships in an impartial and nondiscriminatory manner.


Official website here: www.educationquest.org

What do the Facebook reviews say about Educationquest Foundation Inc?

82% of 12 reviewers on Facebook recommend Educationquest Foundation Inc. Here is a summary of their reviews:

The feedback highlights the informative and engaging nature of the foundation's programs, particularly noting the effectiveness of their presentations. One reviewer specifically mentioned Victor Garcia's ability to keep the discussion lively and thought-provoking, which indicates a positive experience during their event.

Overall, those who have interacted with the foundation appreciate the valuable insights and possibilities presented, suggesting that the nonprofit is fulfilling its mission to educate and empower individuals in their pursuits.


This AI summary has been generated from reviews found on Facebook.

Is Educationquest Foundation Inc legitimate?

Educationquest Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Educationquest Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.educationquest.org

What is the mission statement of Educationquest Foundation Inc?

The Educationquest Foundation, based on its mission, is dedicated to enhancing access to higher education in Nebraska. The organization engages in activities that promote education within the state and has been recognized by the IRS for its efforts, receiving a private letter ruling in 1998. A significant part of its work involves acquiring student loan portfolios, which aligns with its goal of furthering education. Additionally, the foundation awards scholarships to students attending post-secondary institutions in Nebraska, ensuring that the funding is given objectively and without discrimination.


Official website here: www.educationquest.org

Who is the CEO of Educationquest Foundation Inc?

Elizabeth S Koop is the Chairman of Educationquest Foundation Inc. The CEO's salary of Educationquest Foundation Inc is $0 and their total compensation is $402,827.


Official website here: www.educationquest.org

What is the revenue of Educationquest Foundation Inc?

Educationquest Foundation Inc's revenue in 2022 was $288,525.


Official website here: www.educationquest.org

Who are the executives of Educationquest Foundation Inc and what are their salaries?


Here are 13 key members and their salaries (Educationquest Foundation Inc's CEO's salary is $0 and their total compensation is $402,827):


Craig Ames (Chairman)
  • Compensation: $0
  • Related: $18,250
  • Other: $0
Miguel Carranza (Director)
  • Compensation: $0
  • Related: $9,250
  • Other: $0
Michael Green (Director)
  • Compensation: $0
  • Related: $11,750
  • Other: $0
Wendy Boyer (Director)
  • Compensation: $0
  • Related: $11,000
  • Other: $0
Debbie Cooper (Director)
  • Compensation: $0
  • Related: $11,000
  • Other: $0
Kelly Leeper (Director)
  • Compensation: $0
  • Related: $11,750
  • Other: $0
Thomas Smith (Director)
  • Compensation: $0
  • Related: $19,500
  • Other: $0
Elizabeth S Koop (President/Ceo)
  • Compensation: $0
  • Related: $344,532
  • Other: $58,295
Jennifer Strand (Director)
  • Compensation: $0
  • Related: $11,000
  • Other: $0
Regan Anson (Director)
  • Compensation: $0
  • Related: $32,026
  • Other: $4,040
Daphne Hall (Senior Vice President)
  • Compensation: $0
  • Related: $167,207
  • Other: $15,574
Michael J Timmins (Cfo/Senior Vice President)
  • Compensation: $0
  • Related: $153,336
  • Other: $44,218
Eric Drumheller (Vice President)
  • Compensation: $0
  • Related: $112,538
  • Other: $32,571


Official website here: www.educationquest.org

Where can I find the form 990 for Educationquest Foundation Inc?

Educationquest Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.educationquest.org

Learn more at the official website: www.educationquest.org

Mission Statement of Educationquest Foundation Inc

The Educationquest Foundation, a nonprofit organization, is dedicated to improving access to higher education in Nebraska. It accomplishes this by engaging in various activities that promote education within the state. A notable aspect of its mission is the acquisition of student loan portfolios in various forms. The Internal Revenue Service (IRS) has acknowledged this activity as contributing to the foundation's exempt status under Section 501(C)(3), further highlighting its commitment to education.

Beyond acquiring student loans, the Educationquest Foundation also awards scholarships to students who are pursuing their education at qualified post-secondary institutions within Nebraska. The foundation ensures that these scholarships are awarded objectively and without discrimination. By providing financial assistance to students, the Educationquest Foundation helps to make higher education more accessible and affordable, thereby empowering individuals to pursue their educational goals and build a better future for themselves. The organization's mission is instrumental in expanding opportunities in higher education, ultimately contributing to the overall development and progress of Nebraska's society.

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Impact




October, 2024

Educationquest Foundation Inc significantly enhances access to higher education in Nebraska by implementing various initiatives aimed at advancing educational opportunities within the state. The foundation engages in acquiring student loan portfolios, which helps streamline financial pathways for students seeking higher education. By awarding scholarships to eligible students attending accredited post-secondary institutions in Nebraska, the organization ensures an objective and nondiscriminatory selection process, fostering a diverse student body. These efforts collectively contribute to the overall improvement of educational attainment in Nebraska, empowering students to pursue their academic goals and ultimately enriching the community as a whole.




This information is meant to be a general summary of Educationquest Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$288,525 (2022)
Expenses
$1,608,124 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $11,146
  • Program Service Revenue: $277,379
  • Gross Receipts: $288,525

Assets and Liabilities:

  • Total Assets: $12,312,707
  • Total Liabilities: $1,639,457
  • Net Assets: $10,673,250

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PROGRAM SERVICE INCOME

Revenue

$277,379

Organization Details

Founding Year

1978

Principal Officer

Elizabeth S Koop

Main Address

PO BOX 82552, LINCOLN, NE, 685012552

NTEE Category

Code: B820 - Education

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