Skip to content
Nonprofiteer
← HORRY-GEORGETOWN TECHNICAL COLLEGE FOUNDATION INCORPORATED

Form 990 for tax year 2024

Filed by HORRY-GEORGETOWN TECHNICAL COLLEGE FOUNDATION INCORPORATED.

Totals

Total revenue
$2,812,665
Total expenses
$1,289,215
Contributions and grants received
$855,689
Grants paid
$0
Program service revenue
$0
Investment income
$1,956,976
Other revenue
$0
Total assets, end of year
$19,962,852
Total liabilities, end of year
$75,121
Net assets or fund balances, end of year
$19,887,731
Program services expenses (Part IX)
$982,205
Management and general expenses
$161,469
Fundraising expenses
$145,541
Program service expenses (Part III)
$982,205

Program services were 76.2% 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

    $855,689

  • 3 · Investment income

    total $1,956,976 · unrelated business $0 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $502,081 · program services $376,561 · management and general $125,520 · fundraising $0

  • 10 · Payroll taxes

    total $14,031 · program services $10,523 · management and general $3,508 · fundraising $0

  • 11b · Fees: legal

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

  • 11c · Fees: accounting

    total $16,071 · program services $0 · management and general $16,071 · fundraising $0

  • 13 · Office expenses

    total $9,257 · program services $6,943 · management and general $2,314 · fundraising $0

  • 17 · Travel

    total $2,433 · program services $1,825 · management and general $608 · fundraising $0

  • 23 · Insurance

    total $4,272 · program services $3,204 · management and general $1,068 · fundraising $0

  • 24a · Other expenses: ANNUAL SCHOLARSHIP AWARDS

    total $125,426 · program services $125,426 · management and general $0 · fundraising $0

  • 24b · Other expenses: OTHER GRANT EXPENSES

    total $254,965 · program services $254,965 · management and general $0 · fundraising $0

  • 24c · Other expenses: BLACK TIE GALA

    total $40,805 · program services $0 · management and general $0 · fundraising $40,805

  • 24d · Other expenses: CURRICULUM EXPENSES

    total $31,472 · program services $31,472 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $288,402 · program services $171,286 · management and general $12,380 · fundraising $104,736

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $42,053 · end of year $74,661

  • 2 · Savings and temporary cash investments

    beginning of year $1,343,587 · end of year $959,482

  • 4 · Accounts receivable

    beginning of year $1,678,323 · end of year $1,385,887

  • 11 · Investments: publicly traded securities

    beginning of year $15,314,793 · end of year $17,475,139

  • 15 · Other assets

    beginning of year $2,919 · end of year $67,683

  • 17 · Accounts payable and accrued expenses

    beginning of year $17,394 · end of year $10,182

  • 19 · Deferred revenue

    beginning of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $64,939

  • 27 · Net assets without donor restrictions

    beginning of year $158,792 · end of year $162,456

  • 28 · Net assets with donor restrictions

    beginning of year $18,205,489 · end of year $19,725,275

Mission and programs · 2024

Mission

The Foundation was formed for the purpose of accepting donations for the support of the Horry-Georgetown Technical College, which is located in Myrtle Beach, South Carolina.

  • ACCEPTING AND DISBURSING FUNDS FOR THE SUPPORT OF THE HORRY-GEORGETOWN TECHNICAL COLLEGE

    Expenses $982,205

As filed on the 2024 return.

Listed in Part VII

  • John Sawyer

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    10

  • David Singleton

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    10

  • John Draughn

    TREASURER

    Total calculated
    $0
    Hours/week
    10

  • Marion E Freeman

    SECRETARY

    Total calculated
    $0
    Hours/week
    10

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
15 October 2025
IRS schema version
2024v5.2
Source object
202503009349301990

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.