TRIANGLE EDUCATIONAL ADVANCEMENT FOUNDATION
900 WALCOTT WAY, CARY, NC 27519 teafnc.org

Total Revenue
$209,585
Total Expenses
$222,632
Net Assets
$118,573

Organizations Filed Purposes: THE TRIANGLE EDUCATIONAL ADVANCEMENT FOUNDATION IS A 501(C)3 NON-PROFIT ORGANIZATION THAT WAS ESTABLISHED IN 1994 TO OVERSEE THE JOHN WALL HOLIDAY INVITATIONAL BASKETBALL TOURNAMENT AND TO PROVIDE SCHOLARSHIPS TO TRIANGLE AREA HIGH SCHOOL STUDENTS. THE JOHN WALL HOLIDAY INVITATIONAL TOURNAMENT HAS BECOME A HOLIDAY TRADITION FOR THE TRIANGLE COMMUNITY AND HAS PROVIDED LIFELONG ATHLETIC EXPERIENCES FOR PLAYERS, COACHES AND FANS. THE PROCEEDS OF THE TOURNAMENT AND THE GENEROUS ANNUAL GIFT FROM THE JOHN WALL FAMILY FOUNDATION HAVE MADE IT POSSIBLE FOR THE TRIANGLE EDUCATIONAL ADVANCEMENT FOUNDATION TO HAVE AWARDED MORE THAN $1 MILLION IN SCHOLARSHIPS. IN 2009 THE FOUNDATION ESTABLISHED NEW CRITERIA FOR THE SCHOLARSHIPS IN ORDER TO MAKE A BIGGER IMPACT ON THE WINNERS. STUDENTS FROM 43 PUBLIC SCHOOLS IN THE TRIANGLE ARE NOW ELIGIBLE TO RECEIVE ONE OF THE TEN SCHOLARSHIPS IN THE AMOUNT OF $5000 THAT GOES TOWARDS THEIR COLLEGE EDUCATION DURING THEIR FRESHMAN YEAR OF COLLEGE.

PROVIDE SCHOLARSHIP OPPORTUNITIES TO LOCAL HIGH SCHOOL STUDENTS

THE 2019 JOHN WALL HOLIDAY INVITATIONAL WAS HELD DECEMBER 26 - DECEMBER 20TH 2019. TEAF SPONSORED TEAMS FROM ALL OVER THE COUNTRY TO COME AND COMPETE IN A 4-DAY TOURNAMENT FOR MEN'S AND WOMEN'S HIGH SCHOOL BASKETBALL. $47,500 IN SCHOLARSHIPS WERE AWARDED TO DESERVING STUDENTS THROUGHOUT THE TRIANGLE AREA.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Bill SewellEXECUTIVE DIRECTOR4$19,000
Webb WellmanBOARD MEMBER1$0
Jason SoperBOARD MEMBER1$0
Philip IsleyBOARD MEMBER1$0
Shannon ScottBOARD MEMBER1$0
Tammy JonesBOARD MEMBER1$0
Rudy WatsonCO-PRESIDENT1$0
Ian Wg SauerBOARD MEMBER1$0
John BooneBOARD SECRETARY/TREASURER1$0
Doyle ParrishBOARD MEMBER1$0
Bobby GuthrieCO-PRESIDENT1$0
Clayton SomersBOARD MEMBER1$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202012189349300821_public.xml