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← THE EDUCATIONAL FOUNDATION OF THE UNIVERSITY OF SOUTH CAROLINA LANCA

Form 990 for tax year 2024

Filed by THE EDUCATIONAL FOUNDATION OF THE UNIVERSITY OF SOUTH CAROLINA LANCA.

Totals

Total revenue
$1,666,727
Total expenses
$1,033,926
Contributions and grants received
$1,107,301
Grants paid
$401,688
Program service revenue
$0
Investment income
$490,081
Other revenue
$69,345
Total assets, end of year
$20,606,500
Total liabilities, end of year
$897,806
Net assets or fund balances, end of year
$19,708,694
Program services expenses (Part IX)
$862,936
Management and general expenses
$170,990
Fundraising expenses
$0
Program service expenses (Part III)
$862,936

Program services were 83.5% 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.

  • 1e · Government grants (contributions)

    $628,589

  • 1f · All other contributions, gifts and grants

    $478,712

  • 1g · Noncash contributions included above

    $148,589

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $205,449 · excluded $205,449

  • 6a · Gross rents

    real property $9,250

  • 6c · Rental income or loss

    real property $9,250 · personal property $0

  • 6d · Net rental income or loss

    total $9,250 · related or exempt $9,250

  • 7a · Gross sales of assets other than inventory

    securities $284,632

  • 7c · Gain or loss

    securities $284,632 · other assets $0

  • 7d · Net gain or loss

    total $284,632 · excluded $284,632

  • 11a · Other revenue: MISCELLANEOUS

    total $60,095 · related or exempt $60,095

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $60,095

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $401,688 · program services $401,688

  • 11b · Fees: legal

    total $22,360 · management and general $22,360

  • 11f · Fees: investment management

    total $115,295 · management and general $115,295

  • 11g · Fees: other

    total $7,380 · program services $7,380 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $17,769 · program services $4,680 · management and general $13,089

  • 16 · Occupancy

    total $148,589 · program services $148,589

  • 20 · Interest

    total $47,567 · program services $47,567

  • 22 · Depreciation, depletion and amortization

    total $213,863 · program services $213,863

  • 23 · Insurance

    total $20,246 · management and general $20,246

  • 24a · Other expenses: CONSTRUCTION COSTS

    total $39,169 · program services $39,169

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $139,728 · end of year $149,121

  • 3 · Pledges and grants receivable

    beginning of year $19,930 · end of year $61,409

  • 4 · Accounts receivable

    end of year $775

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $10,114,928

  • 10b · Land, buildings and equipment: accumulated depreciation

    $4,076,117

  • 10c · Land, buildings and equipment, net

    beginning of year $6,183,915 · end of year $6,038,811

  • 11 · Investments: publicly traded securities

    beginning of year $12,494,184 · end of year $13,922,811

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $608,849 · end of year $433,573

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,169 · end of year $1,844

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $1,304,453 · end of year $895,962

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $7,141,825 · end of year $7,457,021

  • 28 · Net assets with donor restrictions

    beginning of year $10,984,159 · end of year $12,251,673

Mission and programs · 2024

Mission

THE MISSION OF THE EDUCATIONAL FOUNDATION OF UNIVERSITY OF SOUTH CAROLINA LANCASTER IS TO SOLICIT, RECEIVE, MANAGE AND DISBURSE FUNDS FOR THE ADVANCEMENT OF THE INTERESTS OF THE UNIVERSITY OF SOUTH CAROLINA LANCASTER.

Activities or mission (Part I)

TO SOLICIT, RECEIVE, MANAGE AND DISBURSE FUNDS FOR THE ADVANCEMENT OF THE INTERESTS OF THE UNIVERSITY OF SOUTH CAROLINA LANCASTER.

  • AID THE UNIVERSITY IN ACHIEVING ITS MISSION THROUGH THE ESTABLISHMENT/IMPLEMENTATION OF LONG-RANGE FUNDRAISING PROGRAMS.

    Expenses $862,936 · Grants $401,688 · Revenue $69,345

As filed on the 2024 return.

Listed in Part VII

  • CHARLENE MCGRIFF

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • DAVID TOLSON

    FINANCE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • PAMELA STEWART

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • STEVE WILLIS

    PRESIDENT - ELECT

    Total calculated
    $0
    Hours/week
    1

  • BEVERLY ADAMS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Billy Hogge

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ELIZABETH HYATT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marsha Patterson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Melissa Thornton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sherri Gregory

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
11 May 2026
IRS schema version
2024v5.1
Source object
202611319349302526

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