Nonprofit · EIN 93-1614827
FOSTERING PROMISE
Tax-exempt · SAN JOSE, CA 95148
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| July 31, 2025 | 990 | $621,813 | $431,480 | $190,333 | $260,323 | $48,714 | $211,609 |
| July 31, 2024 | 990-EZ (amended) | $161,510 | $135,192 | $26,318 | $32,172 | $5,854 | $26,318 |
Financial details: 990 for the year ended July 31, 2025
Revenue
- Contributions, gifts and grants
- $621,640
- of which government grants
- $32,627
- Program service revenue
- $0
- Investment income
- $173
- Net gain from sales of assets
- -$337
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $121,708
- Salaries, compensation and benefits (total)
- $139,203
- Professional fundraising fees
- $0
- Legal fees
- $1,075
- Travel
- $1,321
- Program services (functional)
- $200,208
- Management and general (functional)
- $196,272
- Fundraising (functional)
- $35,000
Balance sheet and other
- Total assets, start of year
- $89,085
- Total assets, end of year
- $260,323
- Total liabilities, end of year
- $48,714
- Net assets, end of year
- $211,609
- Net assets without donor restrictions
- $211,609
- Gross receipts
- $642,229
- Employees
- 1
- Year formed
- 2023
- State of legal domicile
- CA
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 July 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANDRE V CHAPMAN | President & CEO Trustee or director, Officer | 30 | $110,875 |
| GARY RUMMELHOFF | CFO Trustee or director | 0 | $0 |
| CHRIS CLAY | Secretary Trustee or director | 0 | $0 |
| CARL AGERS | BOARD MEMBER Trustee or director | 0 | $0 |
| MICA EADES MAYO | BOARD MEMBER Trustee or director | 0 | $0 |
| JANELLE GUMBS | BOARD MEMBER Trustee or director | 0 | $0 |
| ANNE CARDWELL | BOARD MEMBER Trustee or director | 0 | $0 |
990-EZ for the year ended July 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Andre V Chapman | President | 30 | $0 |
| Carl Agers | Vice President | 0 | $0 |
| Chris Clay | Secretary | 0 | $0 |
| Ray Ruiz | Treasurer | 0 | $0 |
| Mica Eades | Board Member | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 3240 SWHITE ROAD 278, SAN JOSE, CA 95148-0000
- In care of
- % ANDRE CHAPMAN
- Mailing address (990-N for 2023)
- 3240 South White Road No 278, San Jose CA 95148
- Principal officer (990 for 2024)
- ANDRE V CHAPMAN, 3240 SWHITE ROAD 278, SAN JOSE, CA 95148
- Principal officer (990-N for 2023)
- Andre V Chapman, 3240 South White Road No 278, San Jose CA 95148
- Signed the 990
- ANDRE V CHAPMAN, President
- Website
- www.fosteringpromise.org
- Return prepared by
- TAXON
California records
California keeps its own records of charities and corporations. Search them by EIN 93-1614827 or by the name FOSTERING PROMISE.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
The mission of Fostering Promise is to ensure that every young person who ages out of foster care has a safe place to call home, the support of a caring mentor and the hope for a promising future.
Program accomplishments
- During this fiscal year, Fostering Promise made major strides toward ensuring Not Even One young person ages out of foster care into homelessness. We convened 220 leaders at the first Bay Area Youth Housing Summit, resulting in Santa Clara Countys commitment to set aside 500 housing units and streamline FYI/FUP voucher access. We expanded four cross-sector policy workgroups and partnered with San Jos State University to build a beta Housing Repository. In San Francisco, we strengthened collaboration with CASA, county systems partners, and housing developers implementing our 4-policy priorities.Expenses $200,208
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 July, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | July 31, 2026 | December 15, 2026 | Not due yet |
| 2024 | July 31, 2025 | December 15, 2025 | 990 on file |
| 2023 | July 31, 2024 | December 16, 2024 | 990-N on file |
IRS record
- EIN
- 93-1614827
- 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
- 2023
- Accounting year ends
- July
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $260,323
- Income (IRS master file)
- $642,229
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | July 2025 | $621,813 | $431,480 | $260,323 | XML |
| 990-N for 2023 Officer: Andre V Chapman | July 31, 2024 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | July 2024 | $161,510 | $135,192 | $32,172 | XML |
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 93-1614827).
Questions about FOSTERING PROMISE
- What is the EIN of FOSTERING PROMISE?
- The employer identification number (EIN) of FOSTERING PROMISE is 93-1614827.
- Is FOSTERING PROMISE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to FOSTERING PROMISE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FOSTERING PROMISE 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 FOSTERING PROMISE due?
- The return for tax year 2025 (the year ending July 31, 2026) is due December 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FOSTERING PROMISE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended July 2025.
- Who is the principal officer of FOSTERING PROMISE?
- The 990 for the year ended July 31, 2025 names ANDRE V CHAPMAN.
- Who are the officers and directors of FOSTERING PROMISE?
- The 990 for the year ended July 31, 2025 lists 7 people; 1 received compensation from the organization, the highest $110,875 (ANDRE V CHAPMAN, President & CEO).
- How much revenue does FOSTERING PROMISE have?
- On its 990 for the year ended July 31, 2025 it reported revenue of $621,813, expenses of $431,480 and total assets of $260,323 at year end.
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