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Filing year 2023

COLLEGE FOUNDATION INC

Raleigh, North Carolina·EIN 56-6046937·501(c)(3)
Total revenue
$27.3M
Total assets
$51.1M
Total expenses
$25M
Reported officers
21
Mission

Our work today makes a better tomorrow by empowering people to achieve their academic goals. We provide financial assistance for higher education to benefit society and strengthen the economy of the state of North Carolina.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 12 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

President & CEO
75th to 90th percentile
$280k
$305k
Base
$247k
Bonus
Other
$2k
Benefits
$13k
Vice President
75th to 90th percentile
$207k
$226k
Base
$181k
Bonus
Other
$690
Benefits
$12k
Secretary and Treasurer
Former Officer/director/trustee
Median to 75th percentile
$204k
$223k
Base
$176k
Bonus
Other
$2k
Benefits
$13k
IT Development Manager
IT Manager
Median to 75th percentile
$186k
$203k
Base
$156k
Bonus
Other
$2k
Benefits
$15k
IT Operations Manager
Operations Manager
75th to 90th percentile
$185k
$202k
Base
$158k
Bonus
Other
$2k
Benefits
$12k
Web Developer
Highest Compensated Employee
Median to 75th percentile
$180k
$197k
Base
$155k
Bonus
Other
$2k
Benefits
$11k
Vice President
75th to 90th percentile
$174k
$191k
Base
$144k
Bonus
Other
$1k
Benefits
$17k
Sr Solutions Architect
Highest Compensated Employee
Median to 75th percentile
$173k
$189k
Base
$141k
Bonus
Other
$681
Benefits
$20k
Security Officer/proj Mgr
Highest Compensated Employee
Median to 75th percentile
$172k
$188k
Base
$139k
Bonus
Other
$3k
Benefits
$19k
Vice President
Board Vice President
Median to 75th percentile
$161k
$176k
Base
$140k
Bonus
Other
$329
Benefits
$9k
Vice President
75th to 90th percentile
$160k
$175k
Base
$133k
Bonus
Other
$629
Benefits
$17k
Secretary and Treaurer
Secretary (Operational)
Median to 75th percentile
$34k
$37k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 9 unpaid individuals.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Up 7%
from 2022

From $261k in 2022 to $280k in 2023.

$261k
2022
$280k
2023
In today's dollarsEst.
Up 2% in real terms$298k to $305k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 7% from 2022 to 2023, while revenue fell 13%.

$261k in 2022 to $280k in 2023.
  • Vice President pay rose 5% from 2022 to 2023.
  • IT Manager pay rose 7% 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.
Financial trend

Revenue and expenses over time

COLLEGE FOUNDATION INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$31.4M
$27.7M
2022
$27.3M
$25M
2023
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about COLLEGE FOUNDATION INC

What does the Chief Executive Officer of COLLEGE FOUNDATION INC earn?

In 2023, the Chief Executive Officer of COLLEGE FOUNDATION INC received $279,724 in total compensation. This pay is in the top quarter for Chief Executive Officer roles among nonprofits nationwide, across all sectors, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at COLLEGE FOUNDATION INC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Chief Executive Officer at COLLEGE FOUNDATION INC falls between the 75th and 90th percentiles.

What are COLLEGE FOUNDATION INC's revenue and expenses?

In 2023, COLLEGE FOUNDATION INC reported $27.3M in total revenue and $25M in total expenses on its IRS Form 990.

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