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Filing year 2024

TRIANGLE EDUCATIONAL ADVANCEMENT FOUNDATION

Raleigh, North Carolina·EIN 56-1803864·3
Total revenue
$384k
Total assets
$131k
Total expenses
$347k
Reported officers
10
Mission

THE TRIANGLE EDUCATIONAL ADVANCEMENT FOUNDATION IS A 501(C)3 NON-PROFIT ORGANIZATION THAT WAS ESTABLISHED IN 1994 TO OVERSEE THE JOHN WALL HOLIDAY INVITATIONAL BASKETBALL TOURNAMENT AND TO PROVIDE SCHOLARSHIPS TO TRIANGLE AREA HIGH SCHOOL STUDENTS. THE JOHN WALL HOLIDAY INVITATIONAL TOURNAMENT HAS BECOME A HOLIDAY TRADITION FOR THE TRIANGLE COMMUNITY AND HAS PROVIDED LIFELONG ATHLETIC EXPERIENCES FOR PLAYERS, COACHES AND FANS. THE PROCEEDS OF THE TOURNAMENT AND THE GENEROUS ANNUAL GIFT FROM THE JOHN WALL FAMILY FOUNDATION HAVE MADE IT POSSIBLE FOR THE TRIANGLE EDUCATIONAL ADVANCEMENT FOUNDATION TO HAVE AWARDED MORE THAN $1 MILLION IN SCHOLARSHIPS. IN 2009 THE FOUNDATION ESTABLISHED NEW CRITERIA FOR THE SCHOLARSHIPS IN ORDER TO MAKE A BIGGER IMPACT ON THE WINNERS. STUDENTS FROM 43 PUBLIC SCHOOLS IN THE TRIANGLE ARE NOW ELIGIBLE TO RECEIVE ONE OF THE TEN SCHOLARSHIPS IN THE AMOUNT OF $5000 THAT GOES TOWARDS THEIR COLLEGE EDUCATION DURING THEIR FRESHMAN YEAR OF COLLEGE.

Executive compensation

Form 990 · Schedule J · 1 reported individual · Filing year 2024

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

Executive Director
10th to 25th percentile
$20k
$21k

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.

Held steady
from 2023

From $20k in 2023 to $20k in 2024.

$20k
2023
$20k
2024
In today's dollarsEst.
Down 3% in real terms$22k to $21k

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 held roughly steady from 2023 to 2024, while revenue rose 49%.

$20k in 2023 to $20k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

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

Revenue and expenses over time

TRIANGLE EDUCATIONAL ADVANCEMENT FOUNDATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$258k
$231k
2023
$384k
$347k
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about TRIANGLE EDUCATIONAL ADVANCEMENT FOUNDATION

What does the Chief Executive Officer of TRIANGLE EDUCATIONAL ADVANCEMENT FOUNDATION earn?

In 2024, the Chief Executive Officer of TRIANGLE EDUCATIONAL ADVANCEMENT FOUNDATION received $20,000 in total compensation. This pay is in the bottom quarter for Chief Executive Officer roles among nonprofits nationwide, across all sectors, above the lowest 10% of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at TRIANGLE EDUCATIONAL ADVANCEMENT FOUNDATION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at TRIANGLE EDUCATIONAL ADVANCEMENT FOUNDATION falls between the 10th and 25th percentiles.

What are TRIANGLE EDUCATIONAL ADVANCEMENT FOUNDATION's revenue and expenses?

In 2024, TRIANGLE EDUCATIONAL ADVANCEMENT FOUNDATION reported $384k in total revenue and $347k in total expenses on its IRS Form 990.

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