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Filing year 2023

Albert E Farone & Angela T Farone Foundation

Washington, District of Columbia·EIN 16-0911612·NTEE B820 · Education·3
Total revenue
$1.9M
Total assets
$39.7M
Total expenses
$1.6M
Reported officers
8
Mission

THE PRIMARY PURPOSE OF THE FOUNDATION IS TO PROVIDE FUNDS TO SUPPORT THE CHARITABLE, SCIENTIFIC, EDUCATIONAL, LITERARY AND/OR RELIGIOUS PURPOSES OF THE CATHOLIC UNIVERSITY OF AMERICA AND TO AWARD SCHOLARSHIPS TO STUDENTS FROM THE ALBANY DIOCESE OF THE ROMAN CATHOLIC CHURCH WHO ARE ATTENDING THE CATHOLIC UNIVERSITY OF AMERICA.

Executive compensation

Form 990 · Schedule J · 7 reported individuals · Filing year 2023

Ex-officio Director/provost
board member
$56k
$62k
Ex-officio Director/president
$51k
$56k
Ex-officio Director/treasurer
officer (unspecified)
$50k
$55k
Former Ex-officio Director/president
unclassified
$50k
$55k
Ex-officio/president
former officer/director/trustee
$50k
$55k
Secretary
secretary (operational)
$45k
$49k
Ex-officio Director/vp Enrollment
board member
$33k
$36k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Washington-Arlington-Alexandria, DC-VA-MD-WV metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 1 unpaid individual.

Browse compensation in Education

Up 17%
from 2022

From $48k in 2022 to $56k in 2023.

$48k
2022
$56k
2023
In today's dollarsEst.
Up 14% in real terms$54k to $62k

Estimated with Washington-Arlington-Alexandria, DC-VA-MD-WV metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

Albert E Farone & Angela T Farone Foundation reported revenue and expenses across 2 filing years.

RevenueExpenses
$1.9M
$805k
2022
$1.9M
$1.6M
2023
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Education executives earn in District of Columbia

Comparable education organizations in District of Columbia pay their highest-earning executive a median of $180,769.

25th percentile
$107k
Median
$180,769
75th percentile
$290k
90th percentile
$435k

These are education sector-wide figures, not this organization's reported pay. Based on 156 organizations across 156 filings (2022 – 2023).

See full Education pay data for District of Columbia
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