Civic Intelligence

Fosterus

990EZ • Fiscal year 2021 • EIN 84-3390925

Jan 01, 2021 to Dec 31, 2021 • Filed on May 12, 2022

5426 Dunmore RdWilmington, NC 28409

(843) 441-3656

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2021

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2021

Net Margin

80th percentile

58%

Higher net margin than 80% of similar nonprofits.

2021 filings • NTEE B82 • <$500k nonprofits • Source year 2021

Top Officer Pay

95th percentile

$0

Higher top officer pay than 95% of similar nonprofits.

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

2021 filings • NTEE B82 • <$500k nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Assets

$43,249

No earlier filing loaded for comparison.

Net Assets

$43,249

No earlier filing loaded for comparison.

Liabilities

-

No earlier filing loaded for comparison.

Revenue

$73,830

No earlier filing loaded for comparison.

Expenses

$30,753

No earlier filing loaded for comparison.

Net Income

$43,077

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2021: $43,249Net Assets 2021: $43,2492021Assets 2022: $1,006,259Liabilities 2022: $0Net Assets 2022: $1,006,2592022Assets 2023: $1,615,962Liabilities 2023: $0Net Assets 2023: $1,615,9622023Assets 2024: $607,164Liabilities 2024: $0Net Assets 2024: $607,1642024Assets 2025: $475,994Liabilities 2025: $0Net Assets 2025: $475,9942025

Highlighted filing

2021

Assets$43,249
Liabilities-
Net Assets$43,249

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2021: $73,830Expenses 2021: $30,753Net Income 2021: $43,0772021Revenue 2022: $1,321,360Expenses 2022: $358,350Net Income 2022: $963,0102022Revenue 2023: $2,478,956Expenses 2023: $1,869,253Net Income 2023: $609,7032023Revenue 2024: $2,687,802Expenses 2024: $3,696,600Net Income 2024: -$1,008,7982024Revenue 2025: $2,715,411Expenses 2025: $2,846,581Net Income 2025: -$131,1702025

Highlighted filing

2021

Revenue$73,830
Expenses$30,753
Net Income$43,077
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 12, 2022
Return Version
2021v4.0
Gross Receipts
$73,830
Mission and Program Overview

Mission

Fosterus aims to increase access to quality healthcare, education, legal and social services for disadvantaged communities by providing loan repayment assistance programming for public service positions within nonprofit organizations or local government entities, which exist to meet the healthcare, education, legal and/or social service needs of underserved and vulnerable populations.

Program Services

DescriptionGrantsExpenses
Fosterus developed software to administer its Loan Repayment Assistance Programs (LRAPs), including the District of Columbia Poverty Lawyer Loan Repayment Assistance Program. The program secured one-year service commitments from 78 civil legal aid attorneys employed by 12 not-for-profit public service organizations thereby increasing access to legal services for disadvantaged residents of the District of Columbia.-$26,020
Fosterus engaged payment processing services to administer its Loan Repayment Assistance Programs including the Prairie State Legal Services Loan Repayment Assistance Program. The program provided LRAP awards to attorneys providing free legal services for low-income persons and those age 60 from 11 office locations serving 36 counties in northern Illinois.-$3,512
Fosterus built banking and computer systems to administer its Loan Repayment Assistance Programs including the Texas RioGrande Legal Aid (TRLA) Loan Repayment Assistance Program. The program increased access to legal services for poor people in 68 Southwest Texas counties and in six other southern states. TRLA LRAP recipients serve about 23,000 clients each year.-$1,221
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jantz HoffmanChief Financial OfficerFT$0--
Heather JarvisExecutive DirectorFT$0--
Filing and Contact Details

Filer

Filer Name
Fosterus
EIN
84-3390925
Phone
8434413656
Address
5426 Dunmore Rd, Wilmington, NC 28409

Signing Officer

Name
Heather Jarvis
Title
Executive Director
Phone
8434413656
Signed
2022-05-12
Supplemental Narrative

Additional Explanations

Part I, Line 16

Part I, Line 16 other expenses total $1221 bank fees $264 computer server $59 computer software $23 insurance - E&O $438 insurance - property $438

Part II, Line 24

Part II, line 24, Other assets: $12,450 in Loans Receivable In 2021, Fosterus issued $12,450 in forgivable loans to refinance eligible student debt and provide for loan forgiveness upon completion of a public-service commitment under I.R.C. Section 108(f).

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Part II, line 24, Other assets: $12,450 in Loans Receivable In 2021, Fosterus issued $12,450 in forgivable loans to refinance eligible student debt and provide for loan forgiveness upon completion of a public-service commitment under I.R.C. Section 108(f).
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part II, Line 24
ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum08434413656
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ReturnHeader/Filer/EIN0843390925
ReturnHeader/Filer/PhoneNum08434413656
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ReturnHeader/Filer/USAddress/CityNm0Wilmington
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028409
ReturnHeader/ReturnTs02022-05-12T19:16:50Z
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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