Form 990 for tax year 2022
Filed by WINTHROP UNIVERSITY FOUNDATION.
Totals
- Total revenue
- $6,254,328
- Total expenses
- $4,646,438
- Contributions and grants received
- $2,678,612
- Grants paid
- $3,502,253
- Program service revenue
- $77,772
- Investment income
- $3,496,161
- Other revenue
- $1,783
- Total assets, end of year
- $73,833,927
- Total liabilities, end of year
- $1,342,392
- Net assets or fund balances, end of year
- $72,491,535
- Program services expenses (Part IX)
- $3,951,091
- Management and general expenses
- $323,257
- Fundraising expenses
- $372,090
- Program service expenses (Part III)
- $3,951,091
Program services were 85.0% 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
$9,440
-
1f · All other contributions, gifts and grants
$2,669,172
-
2a · Program service revenue: Program Revenue
total $77,772 · related or exempt $77,772
-
3 · Investment income
total $1,572,585 · excluded $1,572,585
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $79,343,767
-
7b · Less cost or other basis and sales expenses
securities $77,420,191
-
7c · Gain or loss
securities $1,923,576
-
7d · Net gain or loss
total $1,923,576 · related or exempt $1,923,576
-
8a · Fundraising events: gross income
$8,440
-
8a · Fundraising events: contributions included on line 1c
$9,440
-
8b · Fundraising events: direct expenses
$8,687
-
8c · Net income from fundraising events
total -$247 · excluded -$247
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Other
total $2,030 · related or exempt $2,030
-
11e · Other revenue, total
$2,030
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $3,502,253 · program services $3,502,253
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $314,008 · program services $230,354 · management and general $66,923 · fundraising $16,731
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $275,820 · program services $175,232 · management and general $98,157 · fundraising $2,431
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $13,200 · management and general $13,200
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $72,110 · fundraising $72,110
-
11f · Fees: investment management
total $77,658 · management and general $77,658
-
11g · Fees: other
total $65,192 · program services $26,464 · management and general $3,392 · fundraising $35,336
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $47,280 · management and general $14,184 · fundraising $33,096
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $12,901 · program services $7,740 · management and general $4,773 · fundraising $388
-
17 · Travel
total $25,571 · program services $3,506 · management and general $1,674 · fundraising $20,391
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $5,728 · management and general $5,728
-
24a · Other expenses: Advancement
total $134,672 · fundraising $134,672
-
24b · Other expenses: Software
total $76,603 · management and general $20,649 · fundraising $55,954
-
24c · Other expenses: Credit card fees
total $10,922 · management and general $10,922
-
24d · Other expenses: Professional Development
total $6,133 · program services $3,608 · management and general $2,215 · fundraising $310
-
24e · All other expenses
total $6,387 · program services $1,934 · management and general $3,782 · fundraising $671
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $508,384 · end of year $3,053,237
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
beginning of year $1,260,748 · end of year $877,153
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
beginning of year $2,000 · end of year $2,000
-
9 · Prepaid expenses and deferred charges
beginning of year $12,483 · end of year $17,177
-
10a · Land, buildings and equipment: cost or other basis
$94,546
-
10b · Land, buildings and equipment: accumulated depreciation
$94,546
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
beginning of year $85,137,706 · end of year $68,093,229
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $2,272,949 · end of year $1,791,131
-
17 · Accounts payable and accrued expenses
beginning of year $263,002 · end of year $197,578
-
25 · Other liabilities
beginning of year $1,561,770 · end of year $1,144,814
-
27 · Net assets without donor restrictions
beginning of year $3,838,108 · end of year $2,162,055
-
28 · Net assets with donor restrictions
beginning of year $83,531,390 · end of year $70,329,480
Mission and programs · 2022
Mission
TO SUPPORT AND ENHANCE WINTHROP UNIVERSITY BY ENCOURAGING ALUMNI AND FRIENDS TO PROVIDE PRIVATE FUNDS AND OTHER RESOURCES FOR THE UNIVERSITY'S BENEFIT, TO MANAGE THOSE ASSETS, AND TO PROVIDE VOLUNTEER LEADERSHIP IN SUPPORT OF THE UNIVERSITY'S OBJECTIVES.
-
SUPPORT FOR WINTHROP UNIVERSITY, A SOUTH CAROLINA PUBLIC HIGHER EDUCATION INSTITUTION LOCATED IN ROCK HILL, SC, WHOSE LEGISLATIVE CHARTER INCLUDES A MANDATE TO BE A "FIRST-CLASS INSTITUTION OF HIGHER EDUCATION" OFFERING AN EDUCATIONAL EXPERIENCE "AS THE PROGRESS OF THE TIMES MAY REQUIRE". SUPPORT IS MADE THROUGH SCHOLARSHIPS, GRANTS, SALARY SUPPLEMENTS, AND OTHER DISCRETIONARY SUPPORT THAT PROMOTES THE GROWTH, DEVELOPMENT AND ADVANCEMENT OF ITS EDUCATIONAL GOALS.
Expenses $3,922,091 · Grants $3,473,253
-
GRANT TO WINTHROP UNIVERSITY ALUMNI ASSOCIATION, ANOTHER 501(C)3 ORGANIZATION, FOR OPERATIONAL SUPPORT TO BUILD ENGAGEMENT, LOYALTY, CONNECTIONS, RESOURCES AND GOODWILL AMONG UNIVERSITY STUDENTS, GRADUATES AND NON-GRADUATE ALUMNI AND FRIENDS.
Expenses $29,000 · Grants $29,000
As filed on the 2022 return.
Listed in Part VII
-
Dr Edward Serna
University Pres.
- Total calculated
- $241,794
- From this org
- $107,500
- From related orgs
- $124,034
- Other
- $10,260
- Hours/week
- 10 + 40 related
Schedule J breakdown matched by us
- Base
- $107,500 + $124,034 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $10,260
- Filer's total
- $117,760 + $124,034 related
-
Dr George Hynd
Interim President
- Total calculated
- $183,927
- From this org
- $69,011
- From related orgs
- $88,032
- Other
- $26,884
- Hours/week
- 10 + 40 related
Schedule J breakdown matched by us
- Base
- $69,011 + $88,032 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $6,591 + $20,293 related
- Filer's total
- $75,602 + $108,325 related
-
Mrs Robin Embry
Executive Dir.
- Total calculated
- $147,947
- From this org
- $111,539
- From related orgs
- $0
- Other
- $36,408
- Hours/week
- 40
-
Mr Peter Moroni
President
- Total calculated
- $0
- Hours/week
- 1
-
Mr Claude Close
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Catherine Faircloth
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mr Bob Breakfield
Past President
- Total calculated
- $0
- Hours/week
- 1
-
Ms Chelsea Brown
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Linda Warner
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Mr Andy Popenfoose
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mr Matt Dosch
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Terry Grayson-Caprio
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mr Creighton Hayes
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mr Chris Tidwell
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Jan Ivey
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mr Sylvester Owens
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Dawn Johnson
Director
- Total calculated
- $0
- Hours/week
- 1
-
Dr Sue Rex
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Dr Andy Wilson
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mr Byron Putnam
Ex-officio
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Casey Ferri
Ex-officio
- Total calculated
- $0
- Hours/week
- 1
-
Mr Scott Melton
Ex-Officio
- 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. 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
- 1a · Discretionary spending account
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
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
The filer's explanations (Part III)
- Part I, Line 1a: Relevant information in regards to selections on 1a.
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
-
$3,432,543
SCHOLARSHIPS
-
$29,000
OPERATING EXPENSES
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
Winthrop University Fdn Land & Real Est
Hold real estate · SC
Directly controlled by Winthrop University Foundation
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202343189349300119
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.