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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Education Foundation for Educational Funding Ii

Foundation for Educational Funding Ii

Fiscal year ending 2021. Filed on May 27, 2022.

PO Box 82552
Lincoln, Nebraska 68501

Foundation for Educational Funding Ii (EIN: 31-1777710), also known as Educationquest Foundation, has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2021 IRS Form 990 filing, Foundation for Educational Funding Ii, a 501(c)(3) charitable organization, reported compensation for 4 out of 4 total employees. Among the employees shown here, the average compensation is $220,128. The highest compensated employee at Foundation for Educational Funding Ii is Elizabeth S Koop with fiscal year 2021 compensation of $375,109.

Revenue, expenses, and employee compensation

Revenue

$11,118,124

Expenses

$7,004,939

Employee compensation

$3,344,016
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Elizabeth S Koop
President and Chief Executive Officer and Director
$375,109
$320,202 No related comp$54,907
Michael J Timmins
Cfo/Senior Vice President
$201,409
$155,427 No related comp$45,982
Daphne Hall
Senior Vice President, COL
$169,103
$155,414 No related comp$13,689
Eric Drumheller
Vice President
$134,889
$103,959 No related comp$30,930

Benchmark Employee Compensation

Non-Employee Board Members

Thomas Smith
Director
$21,250
$10,750 $10,500 No other comp
Craig Ames
Chair
$20,500
$20,500 No related compNo other comp
Kelly Leeper
Director
$12,500
$12,500 No related compNo other comp
Debbie Cooper
Director
$11,750
$11,750 No related compNo other comp
Michael Green
Director
$11,750
$11,750 No related compNo other comp
Jennifer Strand
Director
$11,750
$11,750 No related compNo other comp
Wendy Boyer
Director
$11,500
$11,500 No related compNo other comp
Miguel Carranza
Director
$10,500
$10,500 No related compNo other comp

Contractors

Mercer
Investment Consulting
$156,680

Mission Statement

IMPROVE ACCESS TO HIGHER EDUCATION IN NEBRASKA: THIS ORGANIZATION'S EXCLUSIVE PURPOSE IS TO OPERATE AS A SUPPORTING ORGANIZATION BY CONDUCTING OR SUPPORTING ACTIVITIES FOR THE BENEFIT OR TO PERFORM THE FUNCTION OF, OR TO CARRY OUT THE PURPOSES OF, EDUCATIONQUEST FOUNDATION, A NEBRASAKA NONPROFIT ORGANIZATION UNDER SECTION 501(C)(3), 509(A)(2) OF THE INTERNAL REVENUE CODE.

Revisions to this organization profile

July 23, 2025:
2024 Foundation for Educational Funding Ii 990 filed
May 20, 2024:
2023 Foundation for Educational Funding Ii 990 filed
May 24, 2023:
2022 Foundation for Educational Funding Ii 990 filed

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