Civic Intelligence

The Education Over Debt Foundation

EIN 85-3590360 • 501(c)3 • Charlotte, NC

Pub. 78 Eligible990-N CoverageNTEE B82

Profile

Education Over Debt Foundation mission is to provide scholarships to AfricanAmerican high school students in North Carolina attending a four-year College orUniversity and Non-African American students of color, attending a two-year orfour-year College or University.

1021 Pegram StreetCharlotte, NC 28205

www.educationoverdebt.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2025

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2025

Net Margin

50th percentile

12%

Higher net margin than 50% of similar nonprofits.

NTEE B82 • <$500k nonprofits • Source year 2025

Top Officer Pay

97th percentile

$7,500

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 11.9% of source-year revenue.

NTEE B82 • <$500k nonprofits • Source year 2025

Asset Growth

81st percentile

33%

Faster asset growth than 81% of similar nonprofits.

NTEE B82 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

69th percentile

31%

Faster revenue growth than 69% of similar nonprofits.

NTEE B82 • <$500k nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Up

$35,211

Up $8,644 (+33%) from 2024

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Up

$35,211

Up $8,644 (+33%) from 2024

Operations
Liabilities / RevenueScore unavailableNet Margin50th percentile

Revenue

Up

$62,832

Up $14,970 (+31%) from 2024

Expenses

Up

$55,546

Up $34,251 (+161%) from 2024

Net Income

Down

$7,286

Down $19,281 (-73%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth81st percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40K$30K$20K$10K$0Assets 2024: $26,567Net Assets 2024: $26,5672024Assets 2025: $35,211Net Assets 2025: $35,2112025

Highlighted filing

2025

Assets$35,211
Liabilities-
Net Assets$35,211
Open 2025 Filing

Operations Trend

Revenue Growth69th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$80K$60K$40K$20K$0Revenue 2024: $47,862Expenses 2024: $21,295Net Income 2024: $26,5672024Revenue 2025: $62,832Expenses 2025: $55,546Net Income 2025: $7,2862025

Highlighted filing

2025

Revenue$62,832
Expenses$55,546
Net Income$7,286
Open 2025 Filing

Filings

Most recent year

2025 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$35,211
Liabilities
-
Net assets
$35,211
Revenue
$62,832
Expenses
$55,546
Net income
$7,286
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$35.2$35.2$62.8$55.5$7.29
2024Detailed filing. Detailed filing data is available for this year.$26.6$26.6$47.9$21.3$26.6
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2025 to Dec 31, 2025
Signed
Feb 24, 2026
Return Version
2025v4.0
Gross Receipts
$62,832
Mission and Program Overview

Mission

Education Over Debt Foundation mission is to provide scholarships to AfricanAmerican high school students in North Carolina attending a four-year College orUniversity and Non-African American students of color, attending a two-year orfour-year College or University.

Program Services

DescriptionGrantsExpenses
Scholarships- In 2025, we served a total of 555 students and families through educational resources and volunteer opportunities. We provided $10,000 in scholarships to 5 students.$10,000$14,098
College Tours-$6,081
Run4More 5K-$1,065
Workshops-$660
Compensation and Service Providers
Top Officer Pay97th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sheena HogueExecutive DirectorPT$7,500-$7,500
Tokia DayTreasurer-$0--
Lashanda RobinsonSecretary-$0--
Donja WilliamsDirector-$0--
Amber BradshawDirector-$0--
Huei-Mei JhouDirector-$0--
Filing and Contact Details

Filer

Filer Name
The Education Over Debt Foundation
EIN
85-3590360
Phone
7046497441
Address
1021 Pegram Street, Charlotte, NC 28205

Signing Officer

Name
Sheena Hoque
Title
Executive Director
Signed
2026-02-24
Discuss with paid preparer
Yes

Preparer

Firm
Foard and Company PA
Address
1347 Harding Place, Charlotte, NC 28204
Preparer
Garrett Summers
Phone
7043721515
Supplemental Narrative

Additional Explanations

Grants and Similar Amounts Paid In Excess of $5,000.1

“| Cash Amount Given: $10000”

Other Expenses.1001

“Advertising and Promotion $4556”

Other Expenses.1002

“Office Expenses $909”

Other Expenses.1012

“Insurance $3345”

Other Expenses.1

“Contingency - Endowment Fund $10000”

Other Expenses.2

“Program Expenses $7146”

Other Expenses.3

“Scholarship Expenses $4238”

Other Expenses.4

“Contingency - Reserved Savings $3450”

Other Expenses.5

“Quickbooks Fees $1051”

Other Expenses.6

“Board/Volunteer Training $703”

Other Expenses.7

“Workshop/Meetings $660”

Other Expenses.8

“Software & Apps $492”

Other Expenses.10

“Bank Fees $33”

Other Assets.1005

“Accounts Receivable - Beginning $0 Accounts Receivable - Ending $7606”

Raw XML Appendix185 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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IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt010000
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IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt2660
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0| Cash Amount Given: $10000
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Sheena Hoque
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-02-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Education Over Debt Foundation
ReturnHeader/Filer/BusinessNameControlTxt0EDUC
ReturnHeader/Filer/EIN0853590360
ReturnHeader/Filer/PhoneNum07046497441
ReturnHeader/Filer/USAddress/AddressLine1Txt01021 Pegram Street
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01347 Harding Place
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Charlotte
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028204
ReturnHeader/PreparerPersonGrp/PhoneNum07043721515
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Garrett Summers
ReturnHeader/ReturnTs02026-02-24T11:05:55-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02025-01-01
ReturnHeader/TaxPeriodEndDt02025-12-31
ReturnHeader/TaxYr02025

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