Nonprofit · EIN 26-1782451
LOAN REPAYMENT ASSISTANCE FOUNDATION
Also known as LRAP Foundation
Tax-exempt · LISLE, IL 60532
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $233,497 | $241,773 | -$8,276 | $29,691 | $4,144 | $25,547 |
| June 30, 2024 | 990 | $461,531 | $467,518 | -$5,987 | $35,467 | $1,644 | $33,823 |
| June 30, 2023 | 990 | $779,236 | $812,027 | -$32,791 | $41,454 | $1,644 | $39,810 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $233,497
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $5,000
- Salaries, compensation and benefits (total)
- $5,000
- Professional fundraising fees
- $0
- Program services (functional)
- $233,497
- Management and general (functional)
- $8,276
Balance sheet and other
- Total assets, start of year
- $35,467
- Total assets, end of year
- $29,691
- Total liabilities, end of year
- $4,144
- Net assets, end of year
- $25,547
- Net assets without donor restrictions
- $25,547
- Gross receipts
- $233,497
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2008
- State of legal domicile
- MI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Brooke Jungk | Director & Treasurer Trustee or director, Officer | 1 | $0 | $199,091 |
| Christopher Paetsch | Secretary Officer | 1 | $0 | $153,588 |
| Carroll Stevens | President, Director Trustee or director, Officer | 5 | $5,000 | $0 |
| Kurt Gerrild | Director Trustee or director | 0.25 | $0 | $0 |
990 for the year ended June 30, 2024: 4 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Brooke Jungk | Director & Treasurer Trustee or director, Officer | 1 | $0 | $178,484 |
| Christopher Paetsch | Secretary Officer | 1 | $0 | $171,461 |
| Carroll Stevens | President, Director Trustee or director, Officer | 5 | $5,000 | $0 |
| Kurt Gerrild | Director Trustee or director | 0.25 | $0 | $0 |
990 for the year ended June 30, 2023: 4 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Christopher Paetsch | Secretary Officer | 1 | $0 | $210,083 |
| Brooke Jungk | Director & Treasurer Trustee or director, Officer | 1 | $0 | $169,177 |
| Carroll Stevens | President, Director Trustee or director, Officer | 5 | $10,000 | $0 |
| Kurt Gerrild | Director Trustee or director | 0.25 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1011 WARRENVILLE RD STE 100, LISLE, IL 60532-0906
- In care of
- % PETER SAMUELSON
- Mailing address (990-N for 2011)
- 899 S College Mall Rd 362, Bloomington IN 47401
- Principal officer (990 for 2024)
- Carroll Stevens, 1011 Warrenville Rd - Suite 100, Lisle, IL 60532
- Principal officer (990-N for 2011)
- Peter Samuelson, 899 S College Mall Rd 362, Bloomington IN 47401
- Signed the 990
- Christopher Paetsch, Secretary
- Phone
- (630) 426-6332
Mission
The primary purpose of the organization is to receive and administer funds to promote and provide loan repayment assistance programs for students, to raise funds for such programs, and assist other charitable organizations in the conduct of similar activities.
Program accomplishments
- The organization enabled the enrollment of students into loan repayment assistance programs at the students' choice college.Expenses $233,497 · revenue $233,497
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 26-1782451
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2008
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $29,691
- Income (IRS master file)
- $233,497
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $233,497 | $241,773 | $29,691 | IRS |
| 990 | June 2024 | $461,531 | $467,518 | $35,467 | IRS |
| 990 | June 2023 | $779,236 | $812,027 | $41,454 | XML |
| 990 | June 2022 | $929,235 | $1,027,762 | $81,371 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-N for 2011 Officer: Peter Samuelson | December 31, 2011 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 26-1782451).
Questions about LOAN REPAYMENT ASSISTANCE FOUNDATION
- What is the EIN of LOAN REPAYMENT ASSISTANCE FOUNDATION?
- The employer identification number (EIN) of LOAN REPAYMENT ASSISTANCE FOUNDATION is 26-1782451.
- Is LOAN REPAYMENT ASSISTANCE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to LOAN REPAYMENT ASSISTANCE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LOAN REPAYMENT ASSISTANCE FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LOAN REPAYMENT ASSISTANCE FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LOAN REPAYMENT ASSISTANCE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of LOAN REPAYMENT ASSISTANCE FOUNDATION?
- The 990 for the year ended June 30, 2025 names Carroll Stevens.
- Who are the officers and directors of LOAN REPAYMENT ASSISTANCE FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 4 people; 1 received compensation from the organization.
- How much revenue does LOAN REPAYMENT ASSISTANCE FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $233,497, expenses of $241,773 and total assets of $29,691 at year end.
Other nonprofits in LISLE
- BENEDICTINE UNIVERSITY EIN 36-2722198 · last filed 990 for 2025
- GIANT STEPS ILLINOIS INC EIN 36-4111286 · last filed 990 for 2025
- CHESTERTON ACADEMY OF THE HOLY FAMILY NFP INCORPORATED EIN 47-1083471 · last filed 990 for 2025
- NATIONAL HBCUS BUSINESS DEANS ROUNDTABLE INC EIN 72-1491905 · last filed 990 for 2024
- DEVRY SCHOLARSHIP FUND EIN 36-3981605 · last filed 990 for 2025
- MANNY & PAT PULIDO SANCHEZ FOUNDATION EIN 84-3082857 · last filed 990-PF for 2025
- COLUMBIA UPLIFT EIN 92-2419555 · last filed 990 for 2025
- THE XANDERENA FOUNDATION EIN 83-1179398 · last filed 990 for 2025