Nonprofit · EIN 85-3590360
EDUCATION OVER DEBT FOUNDATION
Tax-exempt · CHARLOTTE, NC 28205
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $62,832 | $55,546 | $7,286 | $35,211 | – | $35,211 |
| December 31, 2024 | 990-EZ | $47,862 | $21,295 | $26,567 | $26,567 | – | $26,567 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $62,832
Expenses
- Grants and similar amounts paid
- $10,000
- Compensation of officers, directors and key employees
- $7,500
- Salaries, compensation and benefits (total)
- $8,149
- Professional fees and payments to contractors
- $549
- Printing, publications and postage
- $265
- Other expenses
- $36,583
- Program services (functional)
- $21,904
Balance sheet and other
- Total assets, start of year
- $26,567
- Total assets, end of year
- $35,211
- Total liabilities, end of year
- –
- Net assets, end of year
- $35,211
- Cash, savings and investments
- $27,605
- Gross receipts
- $62,832
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-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Sheena Hogue | Executive Dir. | 30 | $7,500 |
| Tokia Day | Treasurer | 0 | $0 |
| Lashanda Robinson | Secretary | 0 | $0 |
| Donja Williams | Director | 0 | $0 |
| Amber Bradshaw | Director | 0 | $0 |
| Huei-Mei Jhou | Director | 0 | $0 |
990-EZ for the year ended December 31, 2024: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Sheena Hogue | Executive Dir. | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1021 PEGRAM ST, CHARLOTTE, NC 28205-2740
- Mailing address (990-N for 2023)
- PO Box 30351, Charlotte NC 28230
- Principal officer (990-N for 2023)
- Sheena Hogue, 1021 Pegram Street, Charlotte NC 28205
- Signed the 990-EZ
- Sheena Hoque, Executive Director
- Phone
- (704) 649-7441
- Website
- www.EducationOverDebt.com
- Return prepared by
- Foard and Company PA
Mission
Education Over Debt Foundation mission is to provide scholarships to AfricanAmerican high school students in North Carolina attending a four-year College orUniversity and Non-African American students of color, attending a two-year orfour-year College or University.
Program accomplishments
- Scholarships- In 2025, we served a total of 555 students and families through educational resources and volunteer opportunities. We provided $10,000 in scholarships to 5 students.Expenses $14,098 · grants $10,000
- Run4More 5KExpenses $1,065
- WorkshopsExpenses $660
- College ToursExpenses $6,081
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-N on file |
IRS record
- EIN
- 85-3590360
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $35,211
- Income (IRS master file)
- $62,832
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $62,832 | $55,546 | $35,211 | XML |
| 990-EZ | December 2024 | $47,862 | $21,295 | $26,567 | XML |
| 990-N for 2023 Officer: Sheena Hogue | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2022 Officer: Sheena Hogue | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Sheena Hogue | December 31, 2020 | ≤ $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 85-3590360).
Questions about EDUCATION OVER DEBT FOUNDATION
- What is the EIN of EDUCATION OVER DEBT FOUNDATION?
- The employer identification number (EIN) of EDUCATION OVER DEBT FOUNDATION is 85-3590360.
- Is EDUCATION OVER DEBT FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to EDUCATION OVER DEBT FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does EDUCATION OVER DEBT 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 EDUCATION OVER DEBT FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did EDUCATION OVER DEBT FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who is the principal officer of EDUCATION OVER DEBT FOUNDATION?
- The 990-N for 2023 names Sheena Hogue.
- Who are the officers and directors of EDUCATION OVER DEBT FOUNDATION?
- The 990-EZ for the year ended December 31, 2025 lists 6 people; 1 received compensation from the organization, the highest $7,500 (Sheena Hogue, Executive Dir.).
- How much revenue does EDUCATION OVER DEBT FOUNDATION have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $62,832, expenses of $55,546 and total assets of $35,211 at year end.
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