Civic Intelligence

College Foundation Voluntary Employee Beneficiary Association

EIN 45-7023246 • 501(c)9 • Raleigh, NC

Profile

None.

2917 Highwoods BlvdRaleigh, NC 27604

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

27th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)9 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

31st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)9 • $10M-$25M nonprofits • Source year 2024

Net Margin

83rd percentile

38%

Higher net margin than 83% of similar nonprofits.

501(c)9 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

89th percentile

$279,724

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 73.0% of source-year revenue.

501(c)9 • $10M-$25M nonprofits • Source year 2024

Asset Growth

63rd percentile

10%

Faster asset growth than 63% of similar nonprofits.

501(c)9 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

14th percentile

-10%

Faster revenue growth than 14% of similar nonprofits.

501(c)9 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$12,372,422

Up $1,152,875 (+10%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$12,372,422

Up $1,152,875 (+10%) from 2023

Revenue

Down

$383,378

Down $42,965 (-10%) from 2023

Expenses

Up

$239,344

Up $3,609 (+1.5%) from 2023

Net Income

Down

$144,034

Down $46,574 (-24%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2013: $4,027,835Liabilities 2013: $0Net Assets 2013: $4,027,8352013Assets 2014: $8,144,408Liabilities 2014: $800Net Assets 2014: $8,143,6082014Assets 2015: $8,279,260Liabilities 2015: $708Net Assets 2015: $8,278,5522015Assets 2016: $8,402,698Liabilities 2016: $5,814Net Assets 2016: $8,396,8842016Assets 2017: $8,849,192Liabilities 2017: $5,588Net Assets 2017: $8,843,6042017Assets 2018: $9,335,609Liabilities 2018: $5,822Net Assets 2018: $9,329,7872018Assets 2019: $9,753,046Liabilities 2019: $5,617Net Assets 2019: $9,747,4292019Assets 2020: $10,418,782Liabilities 2020: $5,993Net Assets 2020: $10,412,7892020Assets 2021: $12,214,579Liabilities 2021: $7,907Net Assets 2021: $12,206,6722021Assets 2022: $10,668,769Liabilities 2022: $5,246Net Assets 2022: $10,663,5232022Assets 2023: $11,219,547Liabilities 2023: $0Net Assets 2023: $11,219,5472023Assets 2024: $12,372,422Liabilities 2024: $0Net Assets 2024: $12,372,4222024

Highlighted filing

2024

Assets$12,372,422
Liabilities$0
Net Assets$12,372,422

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0Revenue 2013: $3,996,481Expenses 2013: $0Net Income 2013: $3,996,4812013Revenue 2014: $3,756,074Expenses 2014: $6,359Net Income 2014: $3,749,7152014Revenue 2015: $366,096Expenses 2015: $97,361Net Income 2015: $268,7352015Revenue 2016: $212,893Expenses 2016: $113,424Net Income 2016: $99,4692016Revenue 2017: $266,488Expenses 2017: $104,023Net Income 2017: $162,4652017Revenue 2018: $367,406Expenses 2018: $129,224Net Income 2018: $238,1822018Revenue 2019: $370,579Expenses 2019: $146,617Net Income 2019: $223,9622019Revenue 2020: $430,315Expenses 2020: $157,183Net Income 2020: $273,1322020Revenue 2021: $730,410Expenses 2021: $168,622Net Income 2021: $561,7882021Revenue 2022: $398,352Expenses 2022: $208,551Net Income 2022: $189,8012022Revenue 2023: $426,343Expenses 2023: $235,735Net Income 2023: $190,6082023Revenue 2024: $383,378Expenses 2024: $239,344Net Income 2024: $144,0342024

Highlighted filing

2024

Revenue$383,378
Expenses$239,344
Net Income$144,034

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 9, 2025
Return Version
2023v6.0
Gross Receipts
$383,378
Mission and Program Overview

Mission

None.

The purpose of the trust is to provide post-retirement benefits in the form of premium reimbursement for medical, dental, vision and long-term care insurance to eligible participants pursuant to the rules set forth in the College Foundation, Inc. Post-Retirement Benefit Plan document.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$11,217,344$12,365,358▲ $1,148,014
Cap Stk Tr Prin Current Funds$7,725,797$7,725,797→ $0
Rtn Earn Endowment Incm Other Fnds$3,493,750$4,646,625▲ $1,152,875
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Total Assets$11,219,547$12,372,422▲ $1,152,875
Other Assets Total$2,203$7,064▲ $4,861
Liabilities
Accounts Payable and Accrued Expenses$0--
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$11,219,547$12,372,422▲ $1,152,875
Total Liabilities and Net Assets / Fund Balance$11,219,547$12,372,422▲ $1,152,875

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$1,227,171--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$383,378
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$144,034

Audited Revenue Reconciliation

Revenue per Audited Statements
$381,639
Revenue Not Reported on Financial Statements
$1,739
Revenue Not Reported on Form 990
$1,008,840
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$1,390,479
Total Revenue per Form 990
$383,378
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$22,583
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members$216,761--$216,761
Fees for Service Investment Mgmnt Fees$22,583--$22,583
Total Functional Expenses$239,344$0$0$239,344

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$239,344
Total Expenses per Audited Statements$238,151
Expenses per Audited Statements$237,605
Expenses Not Reported on Financial Statements$1,739
Expenses Not Reported on Form 990$546
Other Expense Adjustments$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Trustees Wendy H McAlister and Kevin Bartholomew had a business relationship.

Form 990, Part VI, Section A, Line 8B

There are no committees with authority to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11B

Form 990 is prepared by staff of College Foundation, Inc. (related organization) and reviewed by the Foundation's legal counsel and Trustees Wendy H McAlister and Kevin Bartholomew prior to filing.

Form 990, Part VI, Section C, Line 18

The Trust's 990 filings can be viewed on the IRS website and the websites of other organizations such as GuideStar and Charity Navigator. Governing documents and financial statements may be viewed upon request at the offices of College Foundation, Inc. located in Raleigh, NC.

Form 990, Part VI, Section C, Line 19

Governing documents and financial statements may be viewed upon request at the offices of College Foundation, Inc. located in Raleigh, NC.

Filing and Contact Details

Filer

Filer Name
College Foundation Voluntary Employee Beneficiary Association
EIN
45-7023246
Phone
9198342893
Address
2917 Highwoods Blvd, Raleigh, NC 27604

Signing Officer

Name
Kevin Bartholomew
Title
Trustee
Phone
9198352322
Signed
2025-05-09

Organization Details

Principal Officer
Shannon Byers
Formed
2012
Legal Domicile
Nc
Voting Board Members
2
Independent Board Members
0
Employees
0
Volunteers
0
Supplemental Narrative

Financial Statement Notes

Schedule D, Part XII, Line 2D

Administrative expenses paid or accrued by College Foundation, Inc. (and not part of the Trust).

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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt017080
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt213038
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt013281
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt13701
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt213389
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt01980
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt21980
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Wendy H McAlister
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1Kevin Bartholomew
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2Karl D Vass Jr
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Trustee
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1Trustee
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2Trustee
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0279724
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt134146
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt2204279
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0Related organization College Foundation, Inc. used Form 990 of other organizations, compensation survey or study, and approval by Board in establishing compensation for its CEO.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule J, Part I, Line 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Trustees Wendy H McAlister and Kevin Bartholomew had a business relationship.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1There are no committees with authority to act on behalf of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Form 990 is prepared by staff of College Foundation, Inc. (related organization) and reviewed by the Foundation's legal counsel and Trustees Wendy H McAlister and Kevin Bartholomew prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Trust's 990 filings can be viewed on the IRS website and the websites of other organizations such as GuideStar and Charity Navigator. Governing documents and financial statements may be viewed upon request at the offices of College Foundation, Inc. located in Raleigh, NC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Governing documents and financial statements may be viewed upon request at the offices of College Foundation, Inc. located in Raleigh, NC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0College Foundation Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0566046937
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Administer student financial assistance programs.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Line 11a, I
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt02917 Highwoods Blvd
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Raleigh
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd027604
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt011219547
IRS990/TotalAssetsEOYAmt012372422
IRS990/TotalAssetsGrp/BOYAmt011219547
IRS990/TotalAssetsGrp/EOYAmt012372422
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0239344
IRS990/TotalFunctionalExpensesGrp/TotalAmt0239344
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt011219547
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt012372422
IRS990/TotalOtherCompensationAmt060489
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt0239344
IRS990/TotalProgramServiceRevenueAmt0383378
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0383378
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0383378
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt011219547

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