Civic Intelligence

Fosterus

990 • Fiscal year 2022 • EIN 84-3390925

Jan 01, 2022 to Dec 31, 2022 • Filed on Aug 29, 2023

Organization Profilefosterus.org
5426 Dunmore RdWilmington, NC 28409

(855) 826-2752

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • NTEE B82 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

53rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • NTEE B82 • $1M-$5M nonprofits • Source year 2022

Net Margin

88th percentile

73%

Higher net margin than 88% of similar nonprofits.

2022 filings • NTEE B82 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

60th percentile

$0

Higher top officer pay than 60% of similar nonprofits.

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

2022 filings • NTEE B82 • $1M-$5M nonprofits • Source year 2022

Asset Growth

99th percentile

2227%

Faster asset growth than 99% of similar nonprofits.

2022 filings • NTEE B82 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

96th percentile

1690%

Faster revenue growth than 96% of similar nonprofits.

2022 filings • NTEE B82 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets56th percentile

Assets

Up

$1,006,259

Up $963,010 (+2227%) from 2021

Net Assets

Up

$1,006,259

Up $963,010 (+2227%) from 2021

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue53rd percentileNet Margin88th percentile

Revenue

Up

$1,321,360

Up $1,247,530 (+1690%) from 2021

Expenses

Up

$358,350

Up $327,597 (+1065%) from 2021

Net Income

Up

$963,010

Up $919,933 (+2136%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

2022

Assets$1,006,259
Liabilities$0
Net Assets$1,006,259
Open 2022 Filing

Operations Trend

Revenue Growth96th percentile

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

2022

Revenue$1,321,360
Expenses$358,350
Net Income$963,010
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Aug 29, 2023
Return Version
2022v5.0
Gross Receipts
$1,321,360
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$30,799$159,077▲ $128,278
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$43,249$1,006,259▲ $963,010
Other Assets Total$12,450$847,182▲ $834,732
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions-$890,035-
Net Assets Without Donor Restrictions$43,249$116,224▲ $72,975
Total Net Assets Fund Balance$43,249$1,006,259▲ $963,010
Total Liabilities and Net Assets / Fund Balance$43,249$1,006,259▲ $963,010

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$527,071--
Compensation and Service Providers
Top Officer Pay60th percentile

Board Members and Trustees

NameTitle
Heather JarvisExecutive Director
Jantz HoffmanCOO
Lauren CollingwoodSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,146,656
Program Service Revenue
$174,699
Investment Income
$5
Other Revenue
$0
All Other Contributions
$1,146,656
Change in Net Assets
$963,010
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$358,350
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$24,000$6,000-$30,000
Fees for Services Legal$9,684$2,421-$12,105
Travel$2,984$746-$3,730
Other Expenses$53,791$545-$545
All Other Expenses-$352-$352
Total Functional Expenses$346,459$11,891$0$358,350
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Classes of members or stockholders: This is a membership organization.”

Form 990, Part VI, Section B, Line 11B

“The form is submitted to the Treasurer by the CPA for review and approval. The treasurer reviews for clerical accuracy and obvious mistatements and distributes it to the Board of Directors for review, and upon completion of that review, signs and submits the form.”

Form 990, Part VI, Section B, Line 12C

“Each trustee completes a questionnaire that identifies conflicts on an annual basis. The president and secretary monitor board actions for conflicts.”

Form 990, Part VI, Section C, Line 18

“Financial statements and tax returns are available upon request.”

Form 990, Part VI, Section C, Line 19

“Governing documents, policy documents and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Fosterus
EIN
84-3390925
Phone
8558262752
Address
5426 Dunmore Rd, Wilmington, NC 28409

Signing Officer

Name
Jantz Hoffman
Title
CFO
Signed
2023-08-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jantz Hoffman
Formed
2019
Legal Domicile
Nc
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Campbell Jones Cohen CPAs
Address
6920 S Cimarron Rd Ste 100, Las Vegas, NV 89113
Preparer
Elizabeth Mercier CPA
Phone
7022552330
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D

“OTHER PROGRAM SERVICES 4: Fosterus built and launched a LRAP for a 501C3 charter school in New York, Harlem Childrens Zone (HCZ). HCZ employes more than 2,000 individuals. We helped to promote their mission by encouraging their employees to work in the area of need by offering LRAP loans in exchange for public service commitment. HCZ breaks the cycle of intergenerational poverty with on-the ground, all-around programming that builds up opportunities for children and families to thrive in school, work and life. From early childhood, education, and career programs to community outreach and wellness initiatives, HCZ opens pathways to mobility and prosperity.”

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER PROGRAM SERVICES 4: Fosterus built and launched a LRAP for a 501C3 charter school in New York, Harlem Childrens Zone (HCZ). HCZ employes more than 2,000 individuals. We helped to promote their mission by encouraging their employees to work in the area of need by offering LRAP loans in exchange for public service commitment. HCZ breaks the cycle of intergenerational poverty with on-the ground, all-around programming that builds up opportunities for children and families to thrive in school, work and life. From early childhood, education, and career programs to community outreach and wellness initiatives, HCZ opens pathways to mobility and prosperity.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Classes of members or stockholders: This is a membership organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The form is submitted to the Treasurer by the CPA for review and approval. The treasurer reviews for clerical accuracy and obvious mistatements and distributes it to the Board of Directors for review, and upon completion of that review, signs and submits the form.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Each trustee completes a questionnaire that identifies conflicts on an annual basis. The president and secretary monitor board actions for conflicts.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Financial statements and tax returns are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Governing documents, policy documents and financial statements are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 4d
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NC
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt043249
IRS990/TotalAssetsEOYAmt01006259
IRS990/TotalAssetsGrp/BOYAmt043249
IRS990/TotalAssetsGrp/EOYAmt01006259
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01146656
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt011891
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0346459
IRS990/TotalFunctionalExpensesGrp/TotalAmt0358350
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt043249
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01006259
IRS990/TotalOtherProgSrvcExpenseAmt036668
IRS990/TotalProgramServiceExpensesAmt0346459
IRS990/TotalProgramServiceRevenueAmt0174699
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0174704
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01321360
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt043249
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01006259
IRS990/TravelGrp/ManagementAndGeneralAmt0746
IRS990/TravelGrp/ProgramServicesAmt02984
IRS990/TravelGrp/TotalAmt03730
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05426 Dunmore Rd
IRS990/USAddress/CityNm0Wilmington
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028409
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0fosterus.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Jantz Hoffman
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-08-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Fosterus
ReturnHeader/Filer/BusinessNameControlTxt0FOST
ReturnHeader/Filer/EIN0843390925
ReturnHeader/Filer/PhoneNum08558262752
ReturnHeader/Filer/USAddress/AddressLine1Txt05426 Dunmore Rd
ReturnHeader/Filer/USAddress/CityNm0Wilmington
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028409
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0880315575
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Campbell Jones Cohen CPAs
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06920 S Cimarron Rd Ste 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Las Vegas
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NV
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd089113
ReturnHeader/PreparerPersonGrp/PhoneNum07022552330
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Elizabeth Mercier CPA
ReturnHeader/ReturnTs02023-08-29T14:38:11-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Jantz
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Hoffman
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$1,006,259
Liabilities
$0
Net assets
$1,006,259
Revenue
$1,321,360
Expenses
$358,350
Net income
$963,010
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.48$0.00$0.48$2.72$2.85$0.13
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.61$0.00$0.61$2.69$3.70$1.01
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.62$0.00$1.62$2.48$1.87$0.61
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.01$0.00$1.01$1.32$0.36$0.96
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.04$0.04$0.07$0.03$0.04