Public Charity

Fosterus

Fosterus is a nonprofit organization categorized as Public Charity based in Wilmington, NC. Its most recent IRS filing (2025) reports revenue of $2.7M, expenses of $2.8M, total assets of $476K.

EIN: 843390925 Wilmington, NC Scholarships & Student Financial Aid NTEE: B82 Latest filing: 2025
Total Revenue$2.7M
Total Expenses$2.8M
Total Assets$476K
Grant Records0
Filing Years2021–2025

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.

Where $100 goes at Fosterus

How Fosterus divides every $100 it spends, from its own Form 990 filings, averaged across 5 years.

$98 Programs the work itself
$2 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $98 for programs

$98
Fosterus had several accomplishments during the 2025 fiscal year
All program spending · Reported in the filing: 29 organizations; 475 individuals
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

Executive Dir. Heather Jarvis
COO Jantz Hoffman
Secretary Lauren Collingwood

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
2025 $2.7M $2.8M $476K
2024 $2.7M $3.7M $607K
2023 $2.5M $1.9M $1.6M
2022 $1.3M $358K $1.0M
2021 $74K $31K $43K

Between 2021 and 2025, reported annual revenue grew from $74K to $2.7M (+3578%), with total assets most recently reported at $476K.

Interactive year-over-year charts and full filing details available with membership.

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