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Montreat College Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 561324199 ✦ Montreat, NC ✦ Designated as a 501(c)(3)

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Overview

What is Montreat College Foundation?

The Montreat College Foundation is a nonprofit organization situated in Montreat, North Carolina. Its primary mission is to contribute financially to Montreat College, supporting the institution's initiatives in higher education. The foundation's activities are geared towards furthering the educational objectives of Montreat College. By transferring funds to the college, the Montreat College Foundation plays a crucial role in facilitating quality education for its students.

Is Montreat College Foundation legitimate?

Montreat College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Montreat College Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Montreat College Foundation?

The Montreat College Foundation's mission is centered around supporting the educational objectives of Montreat College. In essence, it exists to facilitate financial transfers to the college, contributing to its higher education programs. The foundation's primary role is to assist Montreat College in achieving its academic goals.

Who is the CEO of Montreat College Foundation?

Paul Maurer is the Ceo of Montreat College Foundation. The CEO's salary of Montreat College Foundation is $0 and their total compensation is $284,962.

What is the revenue of Montreat College Foundation?

Montreat College Foundation's revenue in 2022 was $327,128.

Who are the executives of Montreat College Foundation and what are their salaries?

There 5 volunteers at Montreat College Foundation.


Here are 7 key members and their salaries (Montreat College Foundation's CEO's salary is $0 and their total compensation is $284,962):


Beau Moffatt (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Claire Efrid (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dayle Seneff (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Maurer (Ceo)
  • Compensation: $0
  • Related: $264,544
  • Other: $20,418
Eugene John Truschel (Cfo (Thru 12.31.21))
  • Compensation: $0
  • Related: $136,870
  • Other: $13,709
John Beaghan (Cfo (Start 4.1.22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Rhonda Devanvault (Interim Cfo (1/22-4/22)/Asst Vp Of Finance)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Montreat College Foundation?

Montreat College Foundation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Montreat College Foundation

The Montreat College Foundation is dedicated to supporting the educational purposes of Montreat College. This nonprofit organization's mission is to facilitate the transfer of funds to Montreat College, contributing to the college's higher education programs. By doing so, the Montreat College Foundation plays a significant role in fostering the educational growth and development of the students enrolled in Montreat College.

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Impact




October, 2024

Montreat College Foundation plays a vital role in enhancing the educational experiences at Montreat College. By providing essential funding, the foundation directly supports the college's higher education programs, enabling the institution to offer quality education and resources to its students. This financial assistance helps maintain and improve academic facilities, expand curricular and extracurricular offerings, and foster an environment conducive to learning, thus making a lasting impact on the college community in Montreat, NC. Through its commitment to advancing education, the foundation ensures that students have access to the tools and opportunities they need to succeed in their academic pursuits.




This information is meant to be a general summary of Montreat College Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$327,128 (2022)
Expenses
$90,917 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $309,614
  • Gross Receipts: $396,984

Assets and Liabilities:

  • Total Assets: $4,388,182
  • Total Liabilities: $2,994,962
  • Net Assets: $1,393,220

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Organization Details

Founding Year

1997

Principal Officer

Paul Maurer

Main Address

PO BOX 1267, MONTREAT, NC, 28757

NTEE Category

Code: B110 - Education

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