Skip to main content
Filing year 2023

Albert E Farone & Angela T Farone Foundation

Washington, District of Columbia·EIN 16-0911612·NTEE B820 · Education·501(c)(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 · Part VII & Schedule J · 7 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Education organizations in District of Columbia.

Ex-officio Director/provost
Board Member
Median to 75th percentile
$56k
$62k
Ex-officio Director/president
10th to 25th percentile
$51k
$56k
Ex-officio Director/treasurer
Officer (Unspecified)
$50k
$55k
Former Ex-officio Director/president
Board President
Median to 75th percentilevs Education peers nationwide
$50k
$55k
Ex-officio/president
Former Officer/director/trustee
10th to 25th percentilevs Education peers nationwide
$50k
$55k
Secretary
Secretary (Operational)
25th percentile to medianvs Education peers nationwide
$45k
$49k
Ex-officio Director/vp Enrollment
Board Member
25th percentile to median
$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

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at Albert E Farone & Angela T Farone Foundation equaled 4% of the organization's total expenses. The median for education organizations is 7%.

This organization (2023)
4%
Sector median
7%
Middle half of sector
2% to 17%

Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.

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.

Pay for the position

Board Member pay rose 17% from 2022 to 2023, while revenue fell 2%.

$48k in 2022 to $56k in 2023.
  • Chief Executive Officer pay rose 25% from 2022 to 2023.
  • Secretary (Operational) pay rose 10% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

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

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about Albert E Farone & Angela T Farone Foundation

What does the Board Member of Albert E Farone & Angela T Farone Foundation earn?

In 2023, the Board Member of Albert E Farone & Angela T Farone Foundation received $56,327 in total compensation. This pay is above the median (the midpoint) for Board Member roles among Education organizations in District of Columbia, within the top half of comparable filings. Based on IRS Form 990 data.

How does Board Member pay at Albert E Farone & Angela T Farone Foundation compare with similar nonprofits?

Compared with the same role at Education organizations in District of Columbia, the 2023 pay of the Board Member at Albert E Farone & Angela T Farone Foundation falls between the median and the 75th percentile. In 2023, the highest total compensation at Albert E Farone & Angela T Farone Foundation equaled 4% of the organization's total expenses. The median for education organizations is 7%.

What are Albert E Farone & Angela T Farone Foundation's revenue and expenses?

In 2023, Albert E Farone & Angela T Farone Foundation reported $1.9M in total revenue and $1.6M in total expenses on its IRS Form 990.

Free, forever
Build lists. Save your benchmarks.
A free Lucido account lets you build lists of nonprofits and save your search filters. No credit card.
Already a member? Sign in
Build a benchmark

Compare any role, sector, or revenue band

Build your own benchmark from millions of reported positions.