Nonprofit · EIN 23-7017752
WAKE TECHNICAL COMMUNITY COLLEGE FOUNDATION INC
Tax-exempt · RALEIGH, NC 27603
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $7,844,748 | $4,156,033 | $3,688,715 | $35,143,408 | $53,731 | $35,089,677 |
| June 30, 2024 | 990 | $5,482,946 | $3,106,505 | $2,376,441 | $31,157,263 | $109,689 | $31,047,574 |
| June 30, 2023 | 990 | $4,659,073 | $3,281,389 | $1,377,684 | $27,817,529 | $61,280 | $27,756,249 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $5,485,663
- Program service revenue
- $0
- Investment income
- $2,331,087
- Royalties
- $25,382
- Net gain from sales of assets
- $1,233,526
- Other revenue
- $27,998
Expenses
- Grants and similar amounts paid
- $1,362,175
- Other salaries and wages
- $504,834
- Salaries, compensation and benefits (total)
- $507,932
- Professional fundraising fees
- $0
- Accounting fees
- $25,029
- Travel
- $83,271
- Program services (functional)
- $3,562,626
- Management and general (functional)
- $548,350
- Fundraising (functional)
- $45,057
Balance sheet and other
- Total assets, start of year
- $31,157,263
- Total assets, end of year
- $35,143,408
- Total liabilities, end of year
- $53,731
- Net assets, end of year
- $35,089,677
- Publicly traded securities
- $24,513,875
- Net assets without donor restrictions
- $6,762,132
- Net assets with donor restrictions
- $28,327,545
- Gross receipts
- $14,706,723
- Employees
- 8
- Volunteers
- 50
- 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 |
|---|---|---|---|---|---|
| SCOTT RALLS | SECRETARY Trustee or director, Officer | 1 | $0 | $399,733 | $48,761 |
| MATT SMITH | DIRECTOR/VP OF DEVELOPMENT Trustee or director | 1 | $0 | $203,197 | $20,815 |
| SCARLET EDWARDS | DIRECTOR/ASSOCIATE VP Trustee or director | 1 | $0 | $134,766 | $22,810 |
| WILL SMITH | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| TIM BURGESS | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ANGELA BOYKIN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| AUDREA CAESAR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DR CHHAVI CHAUHAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ALBERT ECKEL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TOMESAH HARRISON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TONY HOLMES | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| EHSAN KHANI | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DANA MARTINEZ | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| NICK NEPTUNE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CARNESSA OTTELIN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
12 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GREG POOL IV | DIRECTOR Trustee or director | 1 | $0 |
| KAREN SCHAEFER | DIRECTOR Trustee or director | 1 | $0 |
| BRIANA SMITH | DIRECTOR Trustee or director | 1 | $0 |
| MARSHALL STEIN | DIRECTOR Trustee or director | 1 | $0 |
| MARI SUZUKI | DIRECTOR Trustee or director | 1 | $0 |
| ANNA TISON | DIRECTOR Trustee or director | 1 | $0 |
| SOPHIA WAJNERT | DIRECTOR Trustee or director | 1 | $0 |
| KEVIN WALKER | DIRECTOR Trustee or director | 1 | $0 |
| JEN WILLIS | DIRECTOR Trustee or director | 1 | $0 |
| PAT WILKINS | DIRECTOR Trustee or director | 1 | $0 |
| SHARMA VEMURI | DIRECTOR Trustee or director | 1 | $0 |
| CHRISTINE VANNAIS | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 24 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SCOTT RALLS | SECRETARY Trustee or director, Officer | 1 | $0 | $379,860 | $66,195 |
| MATT SMITH | DIRECTOR Trustee or director | 1 | $0 | $188,587 | $19,189 |
| SCARLET EDWARDS | DIRECTOR Trustee or director | 1 | $0 | $130,020 | $14,954 |
| CANDIS PARKER | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| TIM BURGESS | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| WHITNEY WESTBROOK | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ANGELA BOYKIN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| AUDREA CAESAR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TOMESAH HARRISON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| NATALIE BEST | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CREIGHTON BLACKWELL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KAREN SCHAEFER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MARI SUZUKI | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BUZZ CROSBY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TOMMY LAAKSO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DANA MARTINEZ | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ANNA TISON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| NICK NEPTUNE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SOPHIA WAJNERT | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KEVIN WALKER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| WILL SMITH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ALISA WRIGHT COLOPY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SHARMA VEMURI | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PAT WILKINS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 24 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SCOTT RALLS | SECRETARY Trustee or director, Officer | 1 | $0 | $369,789 | $65,327 |
| MATT SMITH | DIRECTOR Trustee or director | 1 | $0 | $182,432 | $22,370 |
| SCARLET EDWARDS | DIRECTOR Trustee or director | 1 | $0 | $128,701 | $15,672 |
| CANDIS PARKER | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| TIM BURGESS | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| WHITNEY WESTBROOK | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ANGELA BOYKIN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| AUDREA CAESAR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TOMESAH HARRISON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| NATALIE BEST | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CREIGHTON BLACKWELL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KAREN SCHAEFER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MARI SUZUKI | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BUZZ CROSBY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TOMMY LAAKSO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DANA MARTINEZ | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ANNA TISON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| NICK NEPTUNE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SOPHIA WAJNERT | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KEVIN WALKER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| WILL SMITH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ALISA WRIGHT COLOPY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SHARMA VEMURI | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PAT WILKINS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 9101 FAYETTEVILLE RD, RALEIGH, NC 27603-5655
- Principal officer (990 for 2024)
- MATTHEW SMITH, 9101 FAYETTEVILLE ROAD, RALEIGH, NC 27603
- Signed the 990
- MATTHEW SMITH, VP OF DEVELOPMENT
- Phone
- (919) 866-5924
- Website
- FOUNDATION.WAKETECH.EDU
- Return prepared by
- RSM US LLP
Mission
THE WAKE TECH FOUNDATION PARTNERS WITH PRIVATE ENTITIES AND INDIVIDUALS TO RAISE AWARENESS, FINANCIAL RESOURCES, AND OTHER ASSETS IN SUPPORT OF WAKE TECHNICAL COMMUNITY COLLEGE'S MISSION, GOALS, AND FUNDING PRIORITIES.
Program accomplishments
- SCHOLARSHIPS ARE MONETARY AWARDS TO STUDENTS AND MAY BE EARMARKED TO ASSIST DIPLOMA, CERTIFICATE, OR ASSOCIATE DEGREE STUDENTS IN ANY CURRICULUM PROGRAM OR CONTINUING EDUCATION, AND MAY BE BASED ON FINANCIAL NEED OR ACADEMIC MERIT ACCORDING TO DONOR PREFERENCE. BOTH THE CURRICULUM AND CONTINUING EDUCATION SCHOLARSHIPS ARE AWARDED THROUGH AN ONLINE SCHOLARSHIP ANONYMOUS APPLICATION PROCESS. STUDENT SCHOLARSHIPS RANGE FROM $100 - $3,000 PER YEAR AND FUNDING IS PROVIDED BY CORPORATIONS, INDIVIDUALS, GRANTS AND FOUNDATIONS.Expenses $3,133,679 · grants $1,177,684
- FOSTERING BRIGHT FUTURES (FBF) PROGRAM IS A PUBLIC-PRIVATE PARTNERSHIP THAT ADDRESSES THE OVERWHELMING NEED FOR A COMPREHENSIVE SUPPORT STRUCTURE TO ASSIST FOSTER YOUTHS IN MAKING THE TRANSITION FROM THE WAKE COUNTY FOSTER CARE SYSTEM TO INDEPENDENT YOUNG ADULTHOOD. THE OBJECTIVE OF THE FBF PROGRAM IS TO ELIMINATE THE BARRIERS THAT WOULD TYPICALLY DERAIL THOSE GRADUATES FROM MEETING EDUCATIONAL AND LIFE GOALS BY PROVIDING FINANCIAL, ACADEMIC, AND SOCIAL SUPPORT. FUNDING IS PROVIDED BY CORPORATIONS, INDIVIDUALS, CIVIC CLUBS, GRANTS AND FOUNDATIONS.Expenses $334,052 · grants $89,596 · revenue $231,117
- TUITION ASSISTANCE PROGRAM ALLOWS WAKE TECH FACULTY AND STAFF TO STAY CURRENT AND PURSUE ADVANCED DEGREES, CAREER CREDENTIALS, AND PROFESSIONAL DEVELOPMENT. LEADERSHIP DEVELOPMENT GRANTS FOSTER COLLABORATION AND ENCOURAGE CREATIVE IDEAS. EMPLOYEES MUST SUBMIT AN APPLICATION FOR PRE-APPROVAL PRIOR TO THE SEMESTER/TERM OF ENROLLMENT.Expenses $94,895 · grants $94,895
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
- 23-7017752
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1968
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B41I)
- Assets (IRS master file)
- $35,143,408
- Income (IRS master file)
- $14,706,723
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $7,844,748 | $4,156,033 | $35,143,408 | IRS |
| 990 | June 2024 | $5,482,946 | $3,106,505 | $31,157,263 | IRS |
| 990 | June 2023 | $4,659,073 | $3,281,389 | $27,817,529 | XML |
| 990 | June 2022 | $5,743,743 | $2,826,779 | $24,851,874 | 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 23-7017752).
Questions about WAKE TECHNICAL COMMUNITY COLLEGE FOUNDATION INC
- What is the EIN of WAKE TECHNICAL COMMUNITY COLLEGE FOUNDATION INC?
- The employer identification number (EIN) of WAKE TECHNICAL COMMUNITY COLLEGE FOUNDATION INC is 23-7017752.
- Is WAKE TECHNICAL COMMUNITY COLLEGE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1968.
- Are donations to WAKE TECHNICAL COMMUNITY COLLEGE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WAKE TECHNICAL COMMUNITY COLLEGE FOUNDATION INC 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 WAKE TECHNICAL COMMUNITY COLLEGE FOUNDATION INC 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 WAKE TECHNICAL COMMUNITY COLLEGE FOUNDATION INC 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 WAKE TECHNICAL COMMUNITY COLLEGE FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names MATTHEW SMITH.
- Who are the officers and directors of WAKE TECHNICAL COMMUNITY COLLEGE FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 27 people; 0 received compensation from the organization.
- How much revenue does WAKE TECHNICAL COMMUNITY COLLEGE FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $7,844,748, expenses of $4,156,033 and total assets of $35,143,408 at year end.
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