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Filing year 2023

COLLEGE FOUNDATION INC

Raleigh, North Carolina·EIN 56-6046937·3
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 · Schedule J · 12 reported individuals · Filing year 2023

$280k
$305k
Base
$247k
Bonus
Other
$2k
Benefits
$13k
Vice President
vice president
$207k
$226k
Base
$181k
Bonus
Other
$690
Benefits
$12k
Secretary and Treasurer
former officer/director/trustee
$204k
$223k
Base
$176k
Bonus
Other
$2k
Benefits
$13k
IT Development Manager
highest compensated employee
$186k
$203k
Base
$156k
Bonus
Other
$2k
Benefits
$15k
IT Operations Manager
highest compensated employee
$185k
$202k
Base
$158k
Bonus
Other
$2k
Benefits
$12k
Web Developer
highest compensated employee
$180k
$197k
Base
$155k
Bonus
Other
$2k
Benefits
$11k
Vice President
vice president
$174k
$191k
Base
$144k
Bonus
Other
$1k
Benefits
$17k
Sr Solutions Architect
highest compensated employee
$173k
$189k
Base
$141k
Bonus
Other
$681
Benefits
$20k
Security Officer/proj Mgr
highest compensated employee
$172k
$188k
Base
$139k
Bonus
Other
$3k
Benefits
$19k
Vice President
vice president
$161k
$176k
Base
$140k
Bonus
Other
$329
Benefits
$9k
Vice President
vice president
$160k
$175k
Base
$133k
Bonus
Other
$629
Benefits
$17k
Secretary and Treaurer
secretary (operational)
$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.

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.

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.
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