Nonprofit · EIN 56-6094839
EDUCATION FOUNDATION SCHOLARSHIP ENDOWMENT TRUST
Tax-exempt · CHAPEL HILL, NC 27514
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $19,702,991 | $16,848,333 | $2,854,658 | $448,727,300 | $0 | $448,727,300 |
| June 30, 2024 | 990 | $23,391,900 | $15,179,740 | $8,212,160 | $423,089,958 | $0 | $423,089,958 |
| June 30, 2023 | 990 | $25,424,536 | $14,052,980 | $11,371,556 | $390,931,229 | $16,001 | $390,915,228 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,161,096
- Program service revenue
- $0
- Investment income
- $17,541,895
- Net gain from sales of assets
- $17,426,178
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $16,596,503
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $16,596,503
- Management and general (functional)
- $251,830
Balance sheet and other
- Total assets, start of year
- $423,089,958
- Total assets, end of year
- $448,727,300
- Total liabilities, end of year
- $0
- Net assets, end of year
- $448,727,300
- Net assets with donor restrictions
- $448,727,300
- Gross receipts
- $19,702,991
- Employees
- 0
- Volunteers
- 200
- Year formed
- 1968
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOHN MONTGOMERY | EXECUTIVE DIRECTOR Officer | 0 | $0 | $553,703 | $36,958 |
| KEN MACK | SENIOR ASSOCIATE EXECUTIVE Officer | 0 | $0 | $273,217 | $36,278 |
| DIANE ALDRIDGE | CFO & GENERAL COUNSEL Officer | 0 | $0 | $267,750 | $30,566 |
| MATT TERRELL | CHIEF STRATEGY & COMMUNICATIONS Officer | 0 | $0 | $213,319 | $31,060 |
| EMILY COBLE | SENIOR DIRECTOR OF FINANCE Officer | 0 | $0 | $119,935 | $21,468 |
| TOM CHEWNING | INVESTMENT COMMITTEE MEMBER Trustee or director | 0 | $0 | $0 | $0 |
| LOWRY CAUDILL | INVESTMENT COMMITTEE MEMBER Trustee or director | 0 | $0 | $0 | $0 |
| DWIGHT STONE | INVESTMENT COMMITTEE MEMBER Trustee or director | 0 | $0 | $0 | $0 |
| FRANK BRENNER | INVESTMENT COMMITTEE MEMBER Trustee or director | 0 | $0 | $0 | $0 |
| VAUGHN MOORE | INVESTMENT COMMITTEE MEMBER Trustee or director | 0 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 10 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOHN MONTGOMERY | EXECUTIVE DIRECTOR Officer | 0 | $0 | $649,327 | $36,024 |
| KEN MACK | SENIOR ASSSOCIATE EXECUTIV Officer | 0 | $0 | $322,280 | $35,344 |
| DIANE ALDRIDGE | CFO & GENERAL COUNSEL Officer | 0 | $0 | $263,040 | $31,877 |
| MATT TERRELL | CHIEF STRATEGY & COMMUNICA Officer | 0 | $0 | $240,279 | $29,892 |
| EMILY COBLE | SENIOR DIRECTOR OF FINANCE Officer | 0 | $0 | $118,205 | $22,521 |
| KEN WILLIAMS | INVESTMENT COMMITTEE MEMBE Trustee or director | 0 | $0 | $0 | $0 |
| TOM CHEWNING | INVESTMENT COMMITTEE MEMBE Trustee or director | 0 | $0 | $0 | $0 |
| LOWRY CAUDILL | INVESTMENT COMMITTEE MEMBE Trustee or director | 0 | $0 | $0 | $0 |
| DWIGHT STONE | INVESTMENT COMMITTEE MEMBE Trustee or director | 0 | $0 | $0 | $0 |
| FRANK BRENNER | INVESTMENT COMMITTEE MEMBE Trustee or director | 0 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 10 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOHN MONTGOMERY | EXECUTIVE DIRECTOR Officer | 0 | $0 | $607,635 | $33,442 |
| KEN MACK | SENIOR ASSSOCIATE EXECUTIV Officer | 0 | $0 | $291,398 | $32,830 |
| DIANE ALDRIDGE | CFO & GENERAL COUNSEL Officer | 0 | $0 | $267,914 | $28,020 |
| MATT TERRELL | CHIEF STRATEGY & COMMUNICA Officer | 0 | $0 | $226,405 | $27,500 |
| EMILY COBLE | SENIOR DIRECTOR OF FINANCE Officer | 0 | $0 | $109,641 | $21,483 |
| KEN WILLIAMS | INVESTMENT COMMITTEE MEMBE Trustee or director | 0 | $0 | $0 | $0 |
| TOM CHEWNING | INVESTMENT COMMITTEE MEMBE Trustee or director | 0 | $0 | $0 | $0 |
| LOWRY CAUDILL | INVESTMENT COMMITTEE MEMBE Trustee or director | 0 | $0 | $0 | $0 |
| DWIGHT STONE | INVESTMENT COMMITTEE MEMBE Trustee or director | 0 | $0 | $0 | $0 |
| FRANK BRENNER | INVESTMENT COMMITTEE MEMBE Trustee or director | 0 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 450 SKIPPER BOWLES DR, CHAPEL HILL, NC 27514-3433
- In care of
- % DIANE SCOBIE ALDRIDGE
- Principal officer (990 for 2024)
- JOHN MONTGOMERY, 450 SKIPPER BOWLES D, CHAPEL HILL, NC 27599
- Signed the 990
- DIANE S ALDRIDGE, CFO & GENERAL COUNSEL
- Phone
- (919) 843-2000
- Website
- WWW.RAMSCLUB.COM
- Return prepared by
- KPMG LLP
Mission
SEE SCHEDULE O
Program accomplishments
- DISTRIBUTIONS FROM THE SCHOLARSHIP TRUST ARE FORWARDED TO THE EDUCATIONAL FOUNDATION, INC. IN ITS CAPACITY AS AGENT FOR THE TRUST. THE FOUNDATION THEN FORWARDS THESE DISTRIBUTIONS DIRECTLY TO THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL TO PROVIDE FINANCIAL ASSISTANCE TO OVER 550 STUDENT-ATHLETES AT THE UNIVERSITY.Expenses $16,596,503 · grants $16,596,503
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 56-6094839
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1968
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B820)
- Assets (IRS master file)
- $448,727,300
- Income (IRS master file)
- $19,702,991
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $19,702,991 | $16,848,333 | $448,727,300 | IRS |
| 990 | June 2024 | $23,391,900 | $15,179,740 | $423,089,958 | IRS |
| 990 | June 2023 | $25,424,536 | $14,052,980 | $390,931,229 | XML |
| 990 | June 2022 | $25,037,284 | $12,994,195 | $400,369,374 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-6094839).
Questions about EDUCATION FOUNDATION SCHOLARSHIP ENDOWMENT TRUST
- What is the EIN of EDUCATION FOUNDATION SCHOLARSHIP ENDOWMENT TRUST?
- The employer identification number (EIN) of EDUCATION FOUNDATION SCHOLARSHIP ENDOWMENT TRUST is 56-6094839.
- Is EDUCATION FOUNDATION SCHOLARSHIP ENDOWMENT TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1968.
- Are donations to EDUCATION FOUNDATION SCHOLARSHIP ENDOWMENT TRUST tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does EDUCATION FOUNDATION SCHOLARSHIP ENDOWMENT TRUST file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of EDUCATION FOUNDATION SCHOLARSHIP ENDOWMENT TRUST due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did EDUCATION FOUNDATION SCHOLARSHIP ENDOWMENT TRUST last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of EDUCATION FOUNDATION SCHOLARSHIP ENDOWMENT TRUST?
- The 990 for the year ended June 30, 2025 names JOHN MONTGOMERY.
- Who are the officers and directors of EDUCATION FOUNDATION SCHOLARSHIP ENDOWMENT TRUST?
- The 990 for the year ended June 30, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does EDUCATION FOUNDATION SCHOLARSHIP ENDOWMENT TRUST have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $19,702,991, expenses of $16,848,333 and total assets of $448,727,300 at year end.
Other nonprofits in CHAPEL HILL
- UNC HEALTH FOUNDATION INC EIN 56-6057494 · last filed 990 for 2025
- KENAN-FLAGLER BUSINESS SCHOOL FOUNDATION EIN 56-0771850 · last filed 990 for 2025
- PROJECT KITTY HAWK INC EIN 87-3871908 · last filed 990 for 2025
- UNIVERSITY OF NORTH CAROLINA CHAPEL HILL ARTS AND SCIENCES FOUNDATION EIN 56-1150509 · last filed 990 for 2025
- UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL FOUNDATION INC EIN 59-1711424 · last filed 990 for 2025
- MOREHEAD CAIN FOUNDATION EIN 56-0599225 · last filed 990-PF for 2025
- GENERAL ALUMNI ASSOC EIN 56-6000469 · last filed 990 for 2025
- SCHOOL OF GOVERNMENT SERVICES EIN 85-0992406 · last filed 990 for 2025