FOSTERUS: Form 990EZ, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
FOSTERUS (EIN 84-3390925)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-05-12
IRS object ID
202221329349203177
Schema version
2021v4.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2022-05-12T19:16:50ZReturnTs
Tax Period End2021-12-31TaxPeriodEndDt
Return Type990EZReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN843390925EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1FosterusBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlFOSTBusinessNameControlTxt
Phone8434413656PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line15426 Dunmore RdAddressLine1Txt
CityWilmingtonCityNm
State AbbreviationNCStateAbbreviationCd
ZIP28409ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonHeather JarvisPersonNm
Person TitleExecutive DirectorPersonTitleTxt
Phone8434413656PhoneNum
Signature2022-05-12SignatureDt
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Website Addressfosterus.orgWebsiteAddressTxt
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Gross Receipts$73,830GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$25,000ContributionsGiftsGrantsEtcAmt
Program Service Revenue$48,830ProgramServiceRevenueAmt
Total Revenue$73,830TotalRevenueAmt
Fees And Other Pymt To Ind Cntrct$29,532FeesAndOtherPymtToIndCntrctAmt
Other Expenses Total$1,221OtherExpensesTotalAmt
Total Expenses$30,753TotalExpensesAmt
Excess Or Deficit For Year$43,077ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY$172NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$43,249NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIYes (X)InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$172BOYAmt
EOY$30,799EOYAmt

Other Assets Total Detail OtherAssetsTotalDetail

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$12,450EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$172BOYAmt
EOY$43,249EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$172BOYAmt
EOY$43,249EOYAmt
FieldValueIRS element (for citing)
Primary Exempt PurposeFosterus 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.PrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp (3 entries)

Description Program Srvc AccomDescriptionProgramSrvcAccomTxtProgram Service ExpensesProgramServiceExpensesAmt
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
FieldValueIRS element (for citing)
Total Program Service Expenses$30,753TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (2 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
Jantz Hoffman
Chief Financial Officer40.00$0$0$0
Heather Jarvis
Executive Director40.00$0$0$0
FieldValueIRS element (for citing)
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not RptfalseChgMadeToOrgnzngDocNotRptInd
Organization Had UBIfalseOrganizationHadUBIInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Direct Indirect Pltcl Expend$0DirectIndirectPltclExpendAmt
Form1120 Pol FiledfalseForm1120PolFiledInd
Made Loans To From OfficersfalseMadeLoansToFromOfficersInd
Tax Imposed Under IRC4911$0TaxImposedUnderIRC4911Amt
Tax Imposed Under IRC4912$0TaxImposedUnderIRC4912Amt
Tax Imposed Under IRC4955$0TaxImposedUnderIRC4955Amt
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
Tax Imposed On Organization Mgr$0TaxImposedOnOrganizationMgrAmt
Tax Reimbursed By Organization$0TaxReimbursedByOrganizationAmt
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
States Where Copy Of Return Is FldNCStatesWhereCopyOfReturnIsFldCd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonJantz HoffmanPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line13310 NE Tillicum CircleAddressLine1Txt
CityCamasCityNm
State AbbreviationWAStateAbbreviationCd
ZIP98607ZIPCd
FieldValueIRS element (for citing)
Phone7608154300PhoneNum
FieldValueIRS element (for citing)
Foreign Financial AccountfalseForeignFinancialAccountInd
Foreign OfficefalseForeignOfficeInd
Donor Advised FndsfalseDonorAdvisedFndsInd
Operate HospitalfalseOperateHospitalInd
Tanning Services ProvidedfalseTanningServicesProvidedInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Transaction With Control EntfalseTransactionWithControlEntInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
School OperatingfalseSchoolOperatingInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Part VI Of Comp Of Hghst Pd EmplNONEPartVIOfCompOfHghstPdEmplTxt
Other Employee Paid Over100k0OtherEmployeePaidOver100kCnt
Part VI Hghst Pd Cntrct Prof SrvcNONEPartVIHghstPdCntrctProfSrvcTxt
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Filed Schedule AYes (true)FiledScheduleAInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind
Supported Organizations0SupportedOrganizationsCnt

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year$25,000CurrentTaxYearAmt
Total$25,000TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year$25,000CurrentTaxYearAmt
Total$25,000TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$25,000PublicSupportTotal170Amt
Total Support$25,000TotalSupportAmt
Gross Receipts Rltd Activities$48,830GrossReceiptsRltdActivitiesAmt
First5 Years170Yes (X)First5Years170Ind
Public Support CY1701.00000PublicSupportCY170Pct
Public Support PY1700.00000PublicSupportPY170Pct
Gross Investment Income509GrossInvestmentIncome509Grp
Post1975 UBTIPost1975UBTIGrp
Investment Income And UBTIInvestmentIncomeAndUBTIGrp
Net Income From Other UBINetIncomeFromOtherUBIGrp
Other Income509OtherIncome509Grp
Total Support Calendar YearTotalSupportCalendarYearGrp
Public Support CY5090.00000PublicSupportCY509Pct
Public Support PY5090.00000PublicSupportPY509Pct
Investment Income CY0.00000InvestmentIncomeCYPct
Investment Income PY0.00000InvestmentIncomePYPct

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part I, Line 16Part 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 24Part 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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