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COLLEGE FOUNDATION INC

EIN: 56-6046937Raleigh, NCZIP: 27604
501(c)(3)

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.

Financials

YearRevenueExpensesAssets
2023$27.3M$0$51.1M
2022$31.4M$0$52.5M

Compensation

2023

Wendy H McAlister
President & CEO
chief executive officer
$247,383
$0
$1,980
$279,724
Pete Rau
Vice President
vice president
$181,246
$0
$690
$207,255
Karl D Vass Jr
Secretary and Treasurer
former officer/director/trustee
$175,872
$0
$1,980
$204,279
Martin L Flournory
IT Development Manager
highest compensated employee
$156,251
$0
$1,980
$185,708
Dawn S Harris
IT Operations Manager
highest compensated employee
$158,379
$0
$1,980
$184,576
Richard H Ferneyhough Jr
Web Developer
highest compensated employee
$155,080
$0
$2,210
$180,155
Marcia Southerland
Vice President
vice president
$144,217
$0
$1,265
$174,449
Sumith N Mathur
Sr Solutions Architect
highest compensated employee
$141,076
$0
$681
$172,886
Daniel F Sullivan
Security Officer/proj Mgr
highest compensated employee
$139,294
$0
$2,763
$172,034
Laura Morgan
Vice President
vice president
$140,294
$0
$329
$160,898
Rob Hines
Vice President
vice president
$132,929
$0
$629
$159,862
Kevin Bartholomew
Secretary and Treaurer
secretary (operational)
$0
$0
$0
$34,146
Hyacinth Drummond
Trustee
board member
$0
$0
$0
$0
Charles J Stewart
Chairman of Board
board chair
$0
$0
$0
$0
Robert E Hammersley Jr
Vice Chairman of the Board
board vice chair
$0
$0
$0
$0
Hal S Johnson
Treasurer
board treasurer
$0
$0
$0
$0
Charles W Cole III
Trustee
board member
$0
$0
$0
$0
Hugh A Holston
Trustee
board member
$0
$0
$0
$0
Brian K Reid
Trustee
board member
$0
$0
$0
$0
Donna Samuels
Trustee
board member
$0
$0
$0
$0
A Hope Williams
Trustee
board member
$0
$0
$0
$0

2022

Wendy H McAlister
President & CEO
chief executive officer
$231,619
$0
$1,161
$261,412
Karl D Vass Jr
Secretary and Treasurer
chief financial officer
$182,423
$0
$2,855
$210,385
Pete Rau
Vice President
vice president
$172,361
$0
$621
$196,989
Laura Morgan
Vice President
vice president
$164,837
$0
$405
$189,738
Richard Ferneyhough
IT Development Manager
highest compensated employee
$146,615
$0
$1,962
$173,879
Martin Flournory
Web Development Manager
highest compensated employee
$144,549
$0
$1,927
$173,542
David Alexander
Web Development
highest compensated employee
$149,120
$0
$270
$169,752
Dawn Harris
IT Operations Manager
highest compensated employee
$145,469
$0
$1,782
$169,106
Daniel Sullivan
Security Officer, Project Manager
highest compensated employee
$132,510
$0
$2,241
$157,436
Shannon Byers
Vice President
vice president
$0
$0
$0
$52,695
Donna Samuels
Trustee
board member
$0
$0
$0
$0
Hyacinth Drummond
Trustee
board member
$0
$0
$0
$0
A Hope Williams
Trustee
board member
$0
$0
$0
$0
Hal S Johnson
Treasurer
board treasurer
$0
$0
$0
$0
Charles J Stewart
Chairman of Board
board chair
$0
$0
$0
$0
Robert E Hammersley Jr
Vice Chairman of Board
board vice chair
$0
$0
$0
$0
Hugh A Holston
Trustee
board member
$0
$0
$0
$0
Charles W Cole III
Trustee
board member
$0
$0
$0
$0
Brian K Reid
Trustee
board member
$0
$0
$0
$0

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Learn more

Data from IRS Form 990 filings (2022-2023).