Educational Foundation Inc
501(c)(3) Donations tax-deductible
88% goes to programs $6 to raise $100 Strong reserves Growing revenue
Educational Foundation Inc is a 501(c)(3) organization based in Chapel Hill, North Carolina, registered in 1939, with $76,461,125 in FY2023 revenue. CharityIndex grades it A, and it directs about 88% of spending to programs.
Po Box 2446, Chapel Hill, NC, 27515 EIN 56-6058412 Since 1939
Revenue (FY2023)
$76.5M
▼ 6.5% vs prior year
Expenses (FY2023)
$64.6M
Net assets
$111.9M
Employees
60
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating88% to programs · $6 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Educational Foundation Inc: 88% to programs · $6 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating21 mo reserves · +15% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Educational Foundation Inc: 21 mo reserves · +15% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Educational Foundation Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Educational Foundation Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
See schedule o
What they do
Contributions to university of north carolina at chapel hill:contributions to university of north carolina at chapel hill to provide financial assistance to operating budgets for 28 sports, to provide debt service for previous renovations of athletic facilities, to provide assistance with construction of parking facilities on campus, and to provide financial assistance to various other athletic programs and projects.
Renovations to the kenan football center, finley golf course renovation, chewning tennis complex, and the women's basketball locker room and office area. renovations to woollen gym to create a women's practice facility for women's basketball. new videoboard for boshamer stadium and carmichael auditorium. planning costs for new golf team building. updates to the softball hitting area, wbb museum, and finley clubhouse. led lights and ada improvements to the smith center.
Contact & location
- Address
- Po Box 2446, Chapel Hill, NC, 27515
- City
- Chapel Hill
- State
- North Carolina
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $35.4M (FY2013) to $76.5M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $111.2MNet assets $111.9M
Operating margin
15.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$223.1M
Total liabilities
$111.2M
Net assets
$111.9M
Salaries & benefits
$5.6M
9% of expenses
Board members
27
27 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $76,461,125▼6.5% | $64,647,364▼17.9% | $111,905,322▲20.0% | $223,104,596▲4.6% | 990 |
| 2022 | $81,777,973▼0.8% | $78,781,027▲75.4% | $93,231,403▼2.1% | $213,331,120▲1.5% | 990 |
| 2021 | $82,405,052▲29.1% | $44,922,056▼8.1% | $95,214,196▲66.8% | $210,237,588▲8.5% | 990 |
| 2020 | $63,834,996▼19.4% | $48,905,119▲12.7% | $57,071,863▲250% | $193,854,804▲30.5% | 990 |
| 2019 | $79,221,316▲81.8% | $43,399,868▼43.8% | $16,314,049▲206% | $148,527,543▲12.8% | 990 |
| 2018 | $43,570,149▼13.6% | $77,180,181▼12.7% | -$15,319,003▼194% | $131,716,648▲8.0% | 990 |
| 2017 | $50,406,571▼9.3% | $88,404,009▲75.2% | $16,318,284▼68.2% | $121,969,174▲9.0% | 990 |
| 2016 | $55,552,469▲19.3% | $50,463,082▲55.0% | $51,369,258▲18.2% | $111,948,100▲15.3% | 990 |
| 2015 | $46,546,843▲20.3% | $32,553,144▲6.8% | $43,451,802▲33.7% | $97,109,790▲8.2% | 990 |
| 2014 | $38,689,391▲9.2% | $30,484,484▲17.4% | $32,501,888▲42.4% | $89,743,664▲4.8% | 990 |
| 2013 | $35,438,366 | $25,970,160▼71.7% | $22,822,470▲125% | $85,649,541▲9.8% | 990 |
| 2012 | — | $91,821,159▲772% | $10,147,697▼85.9% | $77,980,114▼53.0% | 990 |
| 2011 | — | $10,535,648▼75.3% | $72,018,983▲50.0% | $165,948,030▲28.2% | 990 |
| 2010 | — | $42,707,963▲156% | $48,023,621▲5.5% | $129,409,607▲47.4% | 990 |
| 2009 | — | $16,696,995 | $45,509,128 | $87,823,652 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: John Montgomery — $649,326 (1.00% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| John Montgomery | Executive Director | 40 | $649,326 |
| Ken Mack | Sr Assoc Exec Dir Lead Gif | 40 | $322,280 |
| Diane Aldridge | Cfo & General Counsel | 40 | $263,040 |
| Seth Reeves | Chief Revenue Officer | 40 | $262,287 |
| Matt Terrell | Chief Strategy & Comms Off | 40 | $240,279 |
| Eric Montross | Senior Dir of Principal Gifts | 40 | $215,630 |
| Gary Burns | Senior Director of Major G | 40 | $208,814 |
| Elizabeth Mackethan | Senior Philanthropy Officer | 40 | $190,374 |
| Emily Stevens | Major Gifts Director | 40 | $190,250 |
| Emily Coble | Senior Director of Finance | 40 | $118,205 |
| Alan Caldwell | Executive Board Mbr | 0 | — |
| Alge Crumpler | Executive Board Mbr. | 0 | — |
| Anne Lloyd | Chair | 0 | — |
| Aurelia Stafford Monk | Executive Board Mbr | 0 | — |
| Brian Golson | Executive Board Mbr | 0 | — |
| Dave Boliek | Executive Board Mbr | 0 | — |
| Dewey Burke | Executive Board Mbr | 0 | — |
| Don Hardison | Executive Board Mbr | 0 | — |
| Donna Curtis Mcclatchey | Executive Board Mbr | 0 | — |
| Don Williams | Past Chair | 0 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Maccurrach Golf Construction | General Contractors | $8,222,324 |
| Ta Loving Company | General Contractors | $8,008,778 |
| Frank L Blum Construction | General Contractors | $7,937,020 |
| United Restaurant Equipment | Equipment | $917,515 |
| Vision Contractors | General Contractors | $425,294 |
Grants received · $12.8M total
131 grants to Educational Foundation Inc totaling $12.8M, reported by foundations on their Schedule I filings — showing the 15 most recent.
Grants made · $46.3M in FY2023
1 grant totaling $46.3M in FY2023. All grants made by Educational Foundation Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| University of North Carolina At Chapel Hill | Scholarships, construction, and other financial assistance. | $46,347,635 |
Frequently asked questions
- Is Educational Foundation Inc a legitimate nonprofit?
- Yes. Educational Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-6058412, based in Chapel Hill, North Carolina. Donations are tax-deductible.
- What is Educational Foundation Inc's EIN?
- Educational Foundation Inc's Employer Identification Number (EIN) is 56-6058412.
- How much revenue does Educational Foundation Inc report?
- Educational Foundation Inc reported $76,461,125 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Educational Foundation Inc's spending goes to programs?
- Educational Foundation Inc spends about 88% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Educational Foundation Inc have?
- CharityIndex grades Educational Foundation Inc A, based on program efficiency and fundraising cost.
- How much does Educational Foundation Inc's highest-paid employee make?
- The highest reported compensation on Educational Foundation Inc's latest Form 990 is $649,326, paid to John Montgomery (Executive Director).
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Explore more
Data for Educational Foundation Inc (EIN 56-6058412) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.