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Nonprofiteer
← SOUTH CAROLINA FARM BUREAU EDUCATIONAL FOUNDATION

Form 990 for tax year 2024

Filed by SOUTH CAROLINA FARM BUREAU EDUCATIONAL FOUNDATION.

Totals

Total revenue
$59,508
Total expenses
$69,062
Contributions and grants received
$48,435
Grants paid
$63,980
Program service revenue
$0
Investment income
$10,194
Other revenue
$879
Total assets, end of year
$570,825
Total liabilities, end of year
$2,624
Net assets or fund balances, end of year
$568,201
Program services expenses (Part IX)
$63,980
Management and general expenses
$5,082
Fundraising expenses
$0
Program service expenses (Part III)
$63,980

Program services were 92.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $48,435

  • 3 · Investment income

    total $10,194 · excluded $10,194

  • 11a · Other revenue: BOOK SALES

    total $879 · related or exempt $879

  • 11e · Other revenue, total

    $879

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $63,980 · program services $63,980

  • 11g · Fees: other

    total $3,960 · management and general $3,960

  • 13 · Office expenses

    total $1,039 · management and general $1,039

  • 24a · Other expenses: LICENSE FEES

    total $52 · management and general $52

  • 24b · Other expenses: MISCELLANEOUS

    total $31 · management and general $31

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $140,443 · end of year $122,329

  • 4 · Accounts receivable

    end of year $1,980

  • 11 · Investments: publicly traded securities

    beginning of year $403,815 · end of year $446,516

  • 17 · Accounts payable and accrued expenses

    beginning of year $50 · end of year $2,624

  • 27 · Net assets without donor restrictions

    beginning of year $544,208 · end of year $568,201

Mission and programs · 2024

Mission

PROVIDE SCHOLARSHIP FUNDS FOR ASSISTANCE TO PERSONS PURSUING A HIGHER EDUCATION DEGREE IN THE FIELD OF AGRICULTURE OR AN AGRICULTURE RELATED FIELD.

Activities or mission (Part I)

THE SC EDUCATIONAL FOUNDATION PROVIDES OPPORTUNITIES TO INDIVIDUALS PURSUING AGRICULTURAL INTEREST BY PROVIDING FINANCIAL SUPPORT.

  • THE SOUTH CAROLINA FARM BUREAU FEDERATION EDUCATIONAL FOUNDATION AWARDS SCHOLARSHIPS TO RISING COLLEGE SOPHOMORES, JUNIORS, AND SENIORS ON THE BASIS OF CHARACTER, DEMONSTRATED LEADERSHIP ABILITIES, AND DEDICATION TO AGRICULTURE OR RELATED FIELDS.

    Expenses $63,980 · Grants $63,980

As filed on the 2024 return.

Listed in Part VII

  • Keith Allen

    DIRECTOR

    Total calculated
    $2,215
    From this org
    $0
    From related orgs
    $2,215
    Other
    $0
    Hours/week
    0.25

  • Tim Donald

    DIRECTOR

    Total calculated
    $1,995
    From this org
    $0
    From related orgs
    $1,995
    Other
    $0
    Hours/week
    0.25

  • Raleigh Ward

    DIRECTOR

    Total calculated
    $2,295
    From this org
    $0
    From related orgs
    $2,295
    Other
    $0
    Hours/week
    0.25

  • Bob Yoder

    DIRECTOR

    Total calculated
    $1,905
    From this org
    $0
    From related orgs
    $1,905
    Other
    $0
    Hours/week
    0.25

  • Wesley Ulmer

    DIRECTOR

    Total calculated
    $1,490
    From this org
    $0
    From related orgs
    $1,490
    Other
    $0
    Hours/week
    0.25

  • Doug Stewart

    DIRECTOR

    Total calculated
    $1,180
    From this org
    $0
    From related orgs
    $1,180
    Other
    $0
    Hours/week
    0.25

  • Timmy Benton

    DIRECTOR

    Total calculated
    $1,300
    From this org
    $0
    From related orgs
    $1,300
    Other
    $0
    Hours/week
    0.25

  • Donnie Wakefield

    DIRECTOR

    Total calculated
    $1,430
    From this org
    $0
    From related orgs
    $1,430
    Other
    $0
    Hours/week
    0.25

  • Harry Ott

    PRESIDENT

    Total calculated
    $308,911
    From this org
    $0
    From related orgs
    $285,812
    Other
    $23,099
    Hours/week
    0.25 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $285,812 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $10,417 related
    Nontaxable benefits
    $0 + $12,682 related
    Filer's total
    $0 + $308,911 related

  • Eric Seymour

    CHIEF FINANCIAL OFFICER

    Total calculated
    $164,526
    From this org
    $0
    From related orgs
    $146,902
    Other
    $17,624
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $146,902 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,906 related
    Nontaxable benefits
    $0 + $11,718 related
    Filer's total
    $0 + $164,526 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
15 June 2026
IRS schema version
2024v5.5
Source object
202621669349301237

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