Education Foundation Scholarship Endowment Trust
450 Skipper Bowles Dr, Chapel Hill, NC · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $19,702,991 | $16,848,333 | $448,727,300 |
| FY2024 | $23,391,900 | $15,179,740 | $423,089,958 |
| FY2023 | $25,424,536 | $14,052,980 | $390,915,228 |
| FY2022 | $25,037,284 | $12,994,195 | $400,351,626 |
| FY2021 | $25,351,334 | $12,344,558 | $389,884,980 |
| FY2020 | $17,928,472 | $11,748,217 | $284,218,738 |
| FY2019 | $21,579,390 | $11,260,488 | $287,096,992 |
| FY2018 | $25,227,168 | $10,931,913 | $268,912,616 |
| FY2017 | $18,603,054 | $10,553,783 | $241,277,939 |
| FY2016 | $13,254,885 | $10,429,259 | $220,149,404 |
| FY2015 | $13,432,054 | $10,228,784 | $232,669,394 |
| FY2014 | $12,185,515 | $9,586,869 | $221,152,020 |
| FY2013 | $11,953,979 | $9,585,732 | $200,339,369 |
| FY2012 | $11,818,523 | $9,455,430 | $187,380,600 |
Form 990 filings
The returns filed by Education Foundation Scholarship Endowment Trust (EIN 56-6094839), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $2,161,096 | 11% |
| Program service revenue | $0 | 0% |
| Other revenue | $17,541,895 | 89% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $16,596,503 | 99% |
| Management & general | $251,830 | 1% |
| Fundraising | $0 | 0% |
What the numbers show
- Other revenue made up 89% of total revenue in FY2025.
- Program services accounted for 99% of functional expenses, management & general 1%, and fundraising 0%.
- 99% of functional expenses went to program services in FY2025. That is higher than 95.4% of 152 Education organizations in NC.
- Net assets covered about 319.6 months of expenses at the end of the reporting year. That puts it in the 97th percentile among 1703 Education organizations in NC.
- Total revenue was higher than 95.4% of 1724 Education organizations in NC.
- Total revenue rose from $11,818,523 in FY2012 to $19,702,991 in FY2025. Revenue increased in 7 and decreased in 6 of 13 year-over-year comparisons.
- Revenue covered expenses in each of the 14 reported years, FY2012 to FY2025.
- The highest revenue on record here is $25,424,536 in FY2023.
- Net assets grew from $187,380,600 to $448,727,300 between FY2012 and FY2025.
- Contributions and grants made up 21% of revenue in FY2012 and 11% in FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization, type unspecified).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
IRS status
| Ruling year | 1968 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B820 — Education (in NC) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization, type unspecified). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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