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Pulling IRS BMF, Form 990 filings, peer benchmarks, programs, people, and grants.
Pulling IRS BMF, Form 990 filings, peer benchmarks, programs, people, and grants.
DBA: N/A
EIN 56-6046937 · Snapshot of IRS recognition, filing currency, financial health, and governance.
Our work today makes a better tomorrow by empowering people to achieve their academic goals. At June 30, 2025, the Foundation was servicing a loan portfolio valued at $167,630,987 and administering North Carolina's National College Savings Program with a portfolio valued at $4,035,246,211. During the tax year ended June 30, 2025, students used the CFNC.org website to submit 402,370 applications to NC colleges, 337,268 students used the Residency Determination Service, and the Foundation disbursed $292,487,646 in state grants.
Total Revenue
$31.7M
FY2024
Total Expenses
$32.1M
FY2024
Net Assets
$49.6M
Program Ratio
92.6%
expenses on programs
Employees
151
Volunteers
9
Board Members
9
Voting
9
Independent
8 answers compiled from IRS Form 990, BMF, Pub 78, and the Auto-Revocation List.