Nonprofit · EIN 75-0891475
FOSTER COLLEGE
Tax-exempt · DALLAS, TX 75232
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $591,471 | $977,134 | -$385,663 | $576,184 | $749,377 | -$173,193 |
| June 30, 2024 | 990 | $780,197 | $905,043 | -$124,846 | $911,603 | $699,133 | $212,470 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $575,673
- Program service revenue
- $82,508
- Investment income
- $204
- Net income from sales of inventory
- $301
- Other revenue
- -$66,914
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $306,773
- Professional fundraising fees
- $0
- Accounting fees
- $34,384
- Occupancy
- $63,741
- Depreciation
- $33,453
- Program services (functional)
- $504,083
- Management and general (functional)
- $176,445
- Fundraising (functional)
- $296,606
Balance sheet and other
- Total assets, start of year
- $911,603
- Total assets, end of year
- $576,184
- Total liabilities, end of year
- $749,377
- Net assets, end of year
- -$173,193
- Land, buildings and equipment
- $301,456
- Net assets without donor restrictions
- -$330,368
- Net assets with donor restrictions
- $157,175
- Gross receipts
- $591,501
- Employees
- 6
- Year formed
- 1927
- State of legal domicile
- TX
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 | Other / benefits |
|---|---|---|---|---|
| TERRANCE FORD | President Officer | 40 | $86,044 | $27,421 |
| JAMES THOMPSON | Chairman Trustee or director | 1 | $0 | $0 |
| LELIOUS JOHNSON | Board Treasurer Trustee or director | 1 | $0 | $0 |
| WALT WALDIE | Director Trustee or director | 1 | $0 | $0 |
| MARILYN FAIR | Director Trustee or director | 1 | $0 | $0 |
| DAVID ALLEN | Director Trustee or director | 1 | $0 | $0 |
| RICHARD WILLIS | Director Trustee or director | 1 | $0 | $0 |
| TRINA STONE | Director Trustee or director | 1 | $0 | $0 |
| NEHEMIAH JEFFERSON | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TERRANCE FORD | President Officer | 40 | $87,023 | $27,421 |
| JAMES THOMPSON | Chairman Trustee or director | 1 | $0 | $0 |
| AL ANGELL | Vice Chairman Trustee or director | 1 | $0 | $0 |
| LELIOUS JOHNSON | Board Treasurer Trustee or director | 1 | $0 | $0 |
| WALT WALDIE | Director Trustee or director | 1 | $0 | $0 |
| MARILYN FAIR | Director Trustee or director | 1 | $0 | $0 |
| DAVID ALLEN | Director Trustee or director | 1 | $0 | $0 |
| RICHARD WILLIS | Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 7200 S HAMPTON RD, DALLAS, TX 75232-3746
- In care of
- % LAKESHA GRICE
- Principal officer (990 for 2024)
- Terrance Ford, 7200 S Hampton Rd, Dallas, TX 75232
- Signed the 990
- LAKESHA GRICE, VP of Operations and Advancement
- Phone
- (972) 224-5481
- Website
- www.foster.edu
- Return prepared by
- Wallace Accounting Services
Mission
The mission of Foster College is to equip students to live, serve, and lead with Godly influence and impact in their communities and throughout the world.
Program accomplishments
- Our focus is to prepare individuals through rigorous academic instruction in truth of Holy Scripture, for more effective service in their home, church, community, and in the world. The desire is to produce graduates who are servant leaders in the ministry field regardless of denominational affiliation and distinctively marked by Foster Colleges branding statement: Transforming lives through education for Godly impact.Expenses $504,083 · revenue $570,581
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
- 75-0891475
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1953
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B99Z)
- Assets (IRS master file)
- $576,184
- Income (IRS master file)
- $591,501
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $591,471 | $977,134 | $576,184 | IRS |
| 990 | June 2024 | $780,197 | $905,043 | $911,603 | IRS |
| 990 | June 2023 | $333,859 | $994,540 | $1,035,229 | IRS |
| 990 | June 2022 | $794,298 | $850,860 | $1,760,119 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about FOSTER COLLEGE
- What is the EIN of FOSTER COLLEGE?
- The employer identification number (EIN) of FOSTER COLLEGE is 75-0891475.
- Is FOSTER COLLEGE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1953.
- Are donations to FOSTER COLLEGE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FOSTER COLLEGE 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 FOSTER COLLEGE 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 FOSTER COLLEGE 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 FOSTER COLLEGE?
- The 990 for the year ended June 30, 2025 names Terrance Ford.
- Who are the officers and directors of FOSTER COLLEGE?
- The 990 for the year ended June 30, 2025 lists 9 people; 1 received compensation from the organization, the highest $86,044 (TERRANCE FORD, President).
- How much revenue does FOSTER COLLEGE have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $591,471, expenses of $977,134 and total assets of $576,184 at year end.
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