Overview
What is Triangle Educational Advancement Foundation?
The Triangle Educational Advancement Foundation, established in 1994, is a 501(c)3 non-profit organization situated in Cary, North Carolina. Its primary mission is to offer scholarship opportunities to deserving high school students within the Triangle area. The foundation achieves this goal through the John Wall Holiday Invitational Basketball Tournament, a renowned annual event that has become a cherished tradition within the community. The tournament generates funds, along with an annual gift from the John Wall Family Foundation, which enable the foundation to award substantial scholarships. The new scholarship criteria, implemented in 2009, has expanded the eligibility to students from 43 public schools in the Triangle, providing ten $5000 scholarships to support their college education during their freshman year.
Official website here: www.teafnc.org
Is Triangle Educational Advancement Foundation legitimate?
Triangle Educational Advancement Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Triangle Educational Advancement 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: $20,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.teafnc.org
What is the mission statement of Triangle Educational Advancement Foundation?
The Triangle Educational Advancement Foundation, established in 1994 as a 501(c)3 non-profit organization, focuses on providing scholarship opportunities to local high school students. The foundation's primary activity centers around the John Wall Holiday Invitational Basketball Tournament, a tradition in the Triangle community. This annual event offers not only athletic experiences but also generates funds, along with an annual gift from the John Wall Family Foundation. These resources enable the foundation to award scholarships exceeding $1 million to deserving students, with new criteria introduced in 2009 to make a significant impact. Now, students from 43 public schools in the Triangle area are eligible to receive one of the ten $5000 scholarships, supporting their college education during their freshman year.
Official website here: www.teafnc.org
Who is the CEO of Triangle Educational Advancement Foundation?
John Boone is the Board Member of Triangle Educational Advancement Foundation.
Official website here: www.teafnc.org
What is the revenue of Triangle Educational Advancement Foundation?
Triangle Educational Advancement Foundation's revenue in 2022 was $215,132.
Official website here: www.teafnc.org
Who are the executives of Triangle Educational Advancement Foundation and what are their salaries?
There 19 volunteers at Triangle Educational Advancement Foundation.
Here are 13 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $20,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.teafnc.org
Where can I find the form 990 for Triangle Educational Advancement Foundation?
Triangle Educational Advancement Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.teafnc.org
Learn more at the official website: www.teafnc.org
Mission Statement of Triangle Educational Advancement Foundation
The Triangle Educational Advancement Foundation, established in 1994, is a 501(c)3 non-profit organization with a mission to provide scholarship opportunities for local high school students. Overseeing the John Wall Holiday Invitational Basketball Tournament, this foundation has become a cherished holiday tradition in the Triangle community. The tournament offers life-long athletic experiences for players, coaches, and fans alike. The proceeds from the tournament, in addition to an annual gift from the John Wall Family Foundation, have enabled the Triangle Educational Advancement Foundation to award over a million dollars in scholarships to deserving students. In 2009, the foundation established new scholarship criteria, making it possible for students from 43 public schools in the Triangle area to receive one of the ten scholarships worth $5,000 towards their college education during their freshman year. This commitment to education and financial assistance empowers Triangle area high school students as they pursue higher education.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Triangle Educational Advancement Foundation has made a significant impact by providing scholarship opportunities to local high school students in the Triangle area of North Carolina. Through its annual sponsorship of the John Wall Holiday Invitational Basketball Tournament, the foundation has not only fostered community spirit but also raised essential funds to support education.
In recent years, over $47,500 in scholarships has been awarded to deserving students, contributing to the total of more than $1 million given since the foundation's inception in 1994. This financial support has benefited students from 43 public schools, with each recipient receiving a scholarship of $5,000 to help with their freshman year of college.
The foundation’s commitment to education and athletics has created lifelong experiences for players, coaches, and fans alike, solidifying its role as a vital resource in the community. By focusing on enhancing the criteria for scholarships, the foundation continues to increase its positive impact on local students, ensuring they have the resources necessary to pursue their higher education aspirations.
This information is meant to be a general summary of Triangle Educational Advancement 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2
- Program Service Revenue: $119,481
- Gross Receipts: $215,132
Assets and Liabilities:
- Total Assets: $145,819
- Total Liabilities: $130,036
- Net Assets: $15,783
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
JOHN WALL HOLIDAY INVI
Revenue
$119,481
Organization Details
Founding Year
1992
Phone
(919) 607-9476Principal Officer
John Boone
Main Address
CO JOHN BOONE 900 WALCOTT WAY, CARY, NC, 27519
Website
www.teafnc.orgNTEE Category
Code: B82 - Education
If you are a representative of Triangle Educational Advancement Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.