Civic Intelligence

Nelnet Foundation

990PF • Fiscal year 2023 • EIN 20-2202134

Jan 01, 2023 to Dec 31, 2023 • Filed on May 15, 2024

121 South 13th Street Ste 201Lincoln, NE 68508

(402) 458-3041

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

42nd percentile

0.05x

Higher debt load relative to assets than 42% of similar nonprofits.

2023 filings • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

53rd percentile

0.20x

Higher debt load relative to revenue than 53% of similar nonprofits.

2023 filings • $10M-$25M nonprofits • Source year 2023

Net Margin

63rd percentile

10%

Higher net margin than 63% of similar nonprofits.

2023 filings • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

24th percentile

$0

Higher top officer pay than 24% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • $10M-$25M nonprofits • Source year 2023

Asset Growth

43rd percentile

2.4%

Faster asset growth than 43% of similar nonprofits.

2023 filings • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

15th percentile

-29%

Faster revenue growth than 15% of similar nonprofits.

2023 filings • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Up

$16,609,224

Up $383,302 (+2.4%) from 2022

Net Assets

Up

$15,797,557

Up $417,809 (+2.7%) from 2022

Liabilities

Down

$811,667

Down $34,507 (-4.1%) from 2022

Revenue

Down

$4,055,790

Down $1,638,018 (-29%) from 2022

Expenses

Up

$3,637,981

Up $35,900 (+1.0%) from 2022

Net Income

Down

$417,809

Down $1,673,918 (-80%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2011: $4,787,339Liabilities 2011: $104,5012011Assets 2012: $6,083,074Liabilities 2012: $911,7002012Assets 2013: $7,054,321Liabilities 2013: $664,3202013Assets 2014: $9,958,040Liabilities 2014: $450,0002014Assets 2015: $10,647,456Liabilities 2015: $302,5002015Assets 2019: $16,439,961Liabilities 2019: $458,279Net Assets 2019: $15,981,6822019Assets 2020: $15,809,867Liabilities 2020: $947,853Net Assets 2020: $14,862,0142020Assets 2021: $13,733,170Liabilities 2021: $445,149Net Assets 2021: $13,288,0212021Assets 2022: $16,225,922Liabilities 2022: $846,174Net Assets 2022: $15,379,7482022Assets 2023: $16,609,224Liabilities 2023: $811,667Net Assets 2023: $15,797,5572023Assets 2024: $15,624,556Liabilities 2024: $658,333Net Assets 2024: $14,966,2232024

Highlighted filing

2023

Assets$16,609,224
Liabilities$811,667
Net Assets$15,797,557

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $3,511,340Expenses 2011: $1,191,454Net Income 2011: $2,319,8862011Revenue 2012: $3,820,116Expenses 2012: $2,225,499Net Income 2012: $1,594,6172012Revenue 2013: $3,256,640Expenses 2013: $1,407,548Net Income 2013: $1,849,0922013Revenue 2014: $4,789,837Expenses 2014: $1,671,798Net Income 2014: $3,118,0392014Revenue 2015: $3,164,793Expenses 2015: $2,327,877Net Income 2015: $836,9162015Revenue 2019: $1,036,586Expenses 2019: $2,495,908Net Income 2019: -$1,459,3222019Revenue 2020: $2,194,247Expenses 2020: $3,313,915Net Income 2020: -$1,119,6682020Revenue 2021: $820,391Expenses 2021: $2,394,384Net Income 2021: -$1,573,9932021Revenue 2022: $5,693,808Expenses 2022: $3,602,081Net Income 2022: $2,091,7272022Revenue 2023: $4,055,790Expenses 2023: $3,637,981Net Income 2023: $417,8092023Revenue 2024: $2,129,205Expenses 2024: $2,960,539Net Income 2024: -$831,3342024

Highlighted filing

2023

Revenue$4,055,790
Expenses$3,637,981
Net Income$417,809
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 15, 2024
Return Version
2023v5.0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
BEN KISERPresident-$0--
JIM KRUGERVice President, Treasurer-$0--
BILL MUNNSecretary-$0--
THOMAS E HENNINGDirector-$0--
KATHY FARRELLDirector-$0--
KIMBERLY RATHDirector-$0--
DAVID GRAFFDirector-$0--
PREETA D BANSALDirector-$0--
MICHAEL DUNLAPDirector-$0--
MATTHEW DUNLAPDirector-$0--
ADAM PETERSONDirector-$0--
JONA VAN DEUNDirector-$0--
Filing and Contact Details

Filer

Filer Name
Nelnet Foundation
EIN
20-2202134
In Care Of
% SCOTT GUBBELS
Phone
4024583041
Address
121 South 13th Street Ste 201, Lincoln, NE 68508

Signing Officer

Name
Scott Gubbels
Title
Officer
Phone
4024583041
Signed
2024-05-15
Discuss with paid preparer
Yes

Preparer

Firm
Labenz & Associates LLC
Address
8555 Pioneers Boulevard, Lincoln, NE 68520
Preparer
Michael R Abramson
Phone
4024378383
Raw XML AppendixShowing 400 of 466 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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InvestmentsGovtObligationsSch/StateLocalSecBookVlEOYAmt0477188
InvestmentsGovtObligationsSch/StateLocalSecEOYFMVAmt0492500
InvestmentsOtherSchedule2/InvestmentsOtherGrp/BookValueAmt02444890
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IRS990PF/AnalysisOfRevenueAndExpenses/TotOprExpensesDsbrsChrtblAmt08023
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IRS990PF/CapGainsLossTxInvstIncmDetail/CapitalGainNetIncomeAmt0692594
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IRS990PF/DistributableAmountGrp/IncomeTaxAmt04235
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IRS990PF/ExciseTaxBasedOnInvstIncmGrp/EsPenaltyAmt00
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IRS990PF/MethodOfAccountingAccrualInd0X
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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/CompensationAmt110
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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/ExpenseAccountOtherAllwncAmt110
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm0BEN KISER
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm1JIM KRUGER
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm2BILL MUNN
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm3THOMAS E HENNING
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm4KATHY FARRELL
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm5KIMBERLY RATH
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm6DAVID GRAFF
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm7PREETA D BANSAL
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm8MICHAEL DUNLAP
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm9MATTHEW DUNLAP
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm10ADAM PETERSON
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm11JONA VAN DEUN
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt1VICE PRESIDENT, TREASURER
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt2SECRETARY
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt3DIRECTOR
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IRS990PF/StatementsRegardingActyGrp/TaxReimbursedAmt00
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IRS990PF/UndistributedIncomeGrp/PriorYear1Yr02021
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IRS990PF/UndistributedIncomeGrp/PriorYear3Yr02019
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum01
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OtherAssetsSchedule/OtherAssetsScheduleGrp/BOYBookValueAmt050000
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OtherAssetsSchedule/OtherAssetsScheduleGrp/Desc0VOLUNTEERSPOT
OtherAssetsSchedule/OtherAssetsScheduleGrp/Desc1COLLEGE VENTURE JV LLC
OtherAssetsSchedule/OtherAssetsScheduleGrp/EOYBookValueAmt050000
OtherAssetsSchedule/OtherAssetsScheduleGrp/EOYBookValueAmt1340598
OtherAssetsSchedule/OtherAssetsScheduleGrp/EOYFMVAmt069584

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