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EDUCATION FOUNDATION SCHOLARSHIP ENDOWMENT TRUST

EIN 56-6094839 CHAPEL HILL, NC

Revenue 2024
$19,702,991
Expenses 2024
$16,848,333

Program services were 98.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
B820
Classification
1000
Street
450 SKIPPER BOWLES DR

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • TOM CHEWNING

    INVESTMENT COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    0

  • LOWRY CAUDILL

    INVESTMENT COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    0

  • DWIGHT STONE

    INVESTMENT COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    0

  • FRANK BRENNER

    INVESTMENT COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    0

  • VAUGHN MOORE

    INVESTMENT COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    0

  • JOHN MONTGOMERY

    EXECUTIVE DIRECTOR

    Total calculated
    $590,661
    From this org
    $0
    From related orgs
    $553,703
    Other
    $36,958
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $452,606 related
    Bonus
    $0 + $90,260 related
    Other
    $0 + $10,837 related
    Deferred
    $0 + $19,800 related
    Nontaxable benefits
    $0 + $17,158 related
    Filer's total
    $0 + $590,661 related

  • DIANE ALDRIDGE

    CFO & GENERAL COUNSEL

    Total calculated
    $298,316
    From this org
    $0
    From related orgs
    $267,750
    Other
    $30,566
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $224,876 related
    Bonus
    $0 + $33,178 related
    Other
    $0 + $9,696 related
    Deferred
    $0 + $15,684 related
    Nontaxable benefits
    $0 + $14,882 related
    Filer's total
    $0 + $298,316 related

  • EMILY COBLE

    SENIOR DIRECTOR OF FINANCE

    Total calculated
    $141,403
    From this org
    $0
    From related orgs
    $119,935
    Other
    $21,468
    Hours/week
    0 + 40 related

  • KEN MACK

    SENIOR ASSOCIATE EXECUTIVE

    Total calculated
    $309,495
    From this org
    $0
    From related orgs
    $273,217
    Other
    $36,278
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $236,009 related
    Bonus
    $0 + $34,442 related
    Other
    $0 + $2,766 related
    Deferred
    $0 + $19,120 related
    Nontaxable benefits
    $0 + $17,158 related
    Filer's total
    $0 + $309,495 related

  • MATT TERRELL

    CHIEF STRATEGY & COMMUNICATIONS

    Total calculated
    $244,379
    From this org
    $0
    From related orgs
    $213,319
    Other
    $31,060
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $177,879 related
    Bonus
    $0 + $28,943 related
    Other
    $0 + $6,497 related
    Deferred
    $0 + $17,032 related
    Nontaxable benefits
    $0 + $14,028 related
    Filer's total
    $0 + $244,379 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $19,702,991
    Expenses
    $16,848,333
    Contributions
    $2,161,096
    Grants paid
    $16,596,503
  • 2023
    Revenue
    $23,391,900
    Expenses
    $15,179,740
    Contributions
    $6,801,297
    Grants paid
    $15,351,880
  • 2022
    Revenue
    $25,424,536
    Expenses
    $14,052,980
    Contributions
    $10,038,228
    Grants paid
    $13,975,259

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Grants made

Where these grants went next →

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2024 return

Declared as related by

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 10 September 2026, under deductibility SOUNK.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.