Form 990 for tax year 2022
Filed by UNIVERSITY OF SOUTH CAROLINA UPSTATE FOUNDATION.
Totals
- Total revenue
- $1,158,455
- Total expenses
- $1,886,937
- Contributions and grants received
- $1,153,546
- Grants paid
- $1,491,677
- Program service revenue
- $0
- Investment income
- -$167,095
- Other revenue
- $172,004
- Total assets, end of year
- $17,481,798
- Total liabilities, end of year
- $383,021
- Net assets or fund balances, end of year
- $17,098,777
- Program services expenses (Part IX)
- $1,563,181
- Management and general expenses
- $316,719
- Fundraising expenses
- $7,037
- Program service expenses (Part III)
- $1,563,181
Program services were 82.8% 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.
-
1c · Fundraising events
$32,500
-
1f · All other contributions, gifts and grants
$1,121,046
-
3 · Investment income
total $364,134 · excluded $364,134
-
7a · Gross sales of assets other than inventory
securities $1,150,000
-
7b · Less cost or other basis and sales expenses
securities $1,681,229
-
7c · Gain or loss
securities -$531,229
-
7d · Net gain or loss
total -$531,229 · excluded -$531,229
-
8a · Fundraising events: gross income
$58,332
-
8a · Fundraising events: contributions included on line 1c
$32,500
-
8b · Fundraising events: direct expenses
$44,207
-
8c · Net income from fundraising events
total $14,125 · excluded $14,125
-
11a · Other revenue: ADMINISTRATIVE FEE
total $138,651 · excluded $138,651
-
11b · Other revenue: MISCELLANEOUS INCOME
total $19,228 · excluded $19,228
-
11e · Other revenue, total
$157,879
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,491,677 · program services $1,491,677
-
11a · Fees: management
total $138,651 · management and general $138,651
-
11c · Fees: accounting
total $22,342 · management and general $22,342
-
11f · Fees: investment management
total $89,398 · management and general $89,398
-
11g · Fees: other
total $3,800 · management and general $3,800
-
12 · Advertising and promotion
total $2,522 · program services $2,522
-
13 · Office expenses
total $35,940 · program services $14,375 · management and general $14,528 · fundraising $7,037
-
14 · Information technology
total $46,583 · program services $46,583
-
17 · Travel
total $2,172 · program services $2,172
-
19 · Conferences, conventions and meetings
total $360 · program services $360
-
23 · Insurance
total $5,492 · program services $5,492
-
24a · Other expenses: SETTLEMENT PAYOUT
total $48,000 · management and general $48,000
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $120,851 · end of year $150,427
-
3 · Pledges and grants receivable
beginning of year $1,350,500 · end of year $97,500
-
11 · Investments: publicly traded securities
beginning of year $257,791 · end of year $294,140
-
12 · Investments: other securities
beginning of year $14,813,215 · end of year $16,667,764
-
15 · Other assets
beginning of year $281,264 · end of year $271,967
-
17 · Accounts payable and accrued expenses
beginning of year $41,256 · end of year $20,000
-
19 · Deferred revenue
beginning of year $175,000 · end of year $194,820
-
25 · Other liabilities
beginning of year $184,921 · end of year $168,201
-
27 · Net assets without donor restrictions
beginning of year $809,550 · end of year $1,618,842
-
28 · Net assets with donor restrictions
beginning of year $15,612,894 · end of year $15,479,935
Mission and programs · 2022
Mission
ORGANIZATION ESTABLISHED TO OPERATE AS A PERMANENT FOUNDATION TO ACCEPT GIFTS FOR CHARITABLE, BENEVOLENT, CULTURAL, AND EDUCATIONAL PURPOSED FOR THE EXCLUSIVE USE AND BENEFIT OF THE UNIVERSITY OF SOUTH CAROLINA UPSTATE.
-
THE FOUNDATION PROVIDES FINANCIAL SUPPORT FOR THE BENEFIT OF THE UNIVERSITY OF SOUTH CAROLINA UPSTATE. THE SUPPORT PROVIDED TO THE UNIVERSITY PURCHASES ART, EQUIPMENT, AND SUPPLIES, FUNDS A VARIETY OF STUDENT SCHOLARSHIPS, IT HELPS SEND STUDENTS ABROAD FOR INTERNATIONAL EXPERIENCES AND PAYS FOR PERFORMANCES, EVENTS, AND STUDENT ACTIVITIES. THE FOUNDATION ENABLES USC UPSTATE TO SUPPORT THEIR METROPOLITAN MISSION.
Expenses $1,563,181 · Grants $1,491,677
As filed on the 2022 return.
Listed in Part VII
-
Ann AngermeierANN ANGERMEIER
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Avi LawrenceAVI LAWRENCE
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Judy BynumJUDY BYNUM
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Karen CalhounKAREN CALHOUN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Craig HaydamackCRAIG HAYDAMACK
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
David MillerDAVID MILLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jeffrey BrownJEFFREY BROWN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Suzy ColeSUZY COLE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Charles HodgeCHARLES HODGE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Claudia RuffnCLAUDIA RUFFN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Phil FeisalPHIL FEISAL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
C Todd HorneC TODD HORNE
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Vanessa MerhibVANESSA MERHIB
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Irv WellingIRV WELLING
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Tom YoungTOM YOUNG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rj GimblRJ GIMBL
EXECUTIVE DIRECTOR
- Total calculated
- $133,689
- From this org
- $0
- From related orgs
- $101,662
- Other
- $32,027
- Hours/week
- 8 + 32 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.
Grants on this return
-
UNIVERSITY OF SOUTH CAROLINA UPSTATE
$1,491,677
EDUCATIONAL AND ATHLETIC SUPPORT
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.
-
UNIVERSITY OF SOUTH CAROLINA UPSTATE
501(C)(3) · HIGHER EDUCATION · SC
-
USC UPSTATE CAPITAL DEVELOPMENT FOUNDATION INC
501(C)(3) · SUPPORTING ORGANIZATION · SC · controlled entity
Directly controlled by UNIVERSITY OF SOUTH CAROLINA UPSTATE FOUNDATION INC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 12 March 2024
- IRS schema version
- 2022v5.0
- Source object
- 202430729349300828
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