Triangle Educational Advancement Foundation

Revenue, expenses, and employee compensationIRS Form 990 totals for revenue, expenses, and employee compensation (salaries, other compensation, and employee benefits).

No compensated employees were reported for this year.

Mission Statement

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.