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Nonprofiteer
← FRANCIS MARION UNIVERSITY DEVELOPMENT FOUNDATION

Form 990 for tax year 2022

Filed by FRANCIS MARION UNIVERSITY DEVELOPMENT FOUNDATION.

Totals

Total revenue
$6,730,208
Total expenses
$5,710,871
Contributions and grants received
$343,100
Grants paid
$968,915
Program service revenue
$6,301,609
Investment income
$85,499
Other revenue
$0
Total assets, end of year
$27,620,215
Total liabilities, end of year
$16,047,870
Net assets or fund balances, end of year
$11,572,345
Program services expenses (Part IX)
$5,610,396
Management and general expenses
$100,475
Fundraising expenses
$0
Program service expenses (Part III)
$5,610,396

Program services were 98.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • DARRYL BRIDGES

    BOARD MEMBER

    Total calculated
    $204,891
    From this org
    $0
    From related orgs
    $155,551
    Other
    $49,340
    Hours/week
    0.1 + 37.4 related

    Schedule J breakdown matched by us

    Base
    not reported + $155,551 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $36,708 related
    Nontaxable benefits
    not reported + $12,632 related
    Filer's total
    not reported + $204,891 related

  • JAY KISPERT

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.1

  • JAMES HARRELL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • KEN JACKSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • PAUL SEWARD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • HAIEASHA SINGLETARY

    EXECUTIVE DI

    Total calculated
    $71,069
    From this org
    $0
    From related orgs
    $48,985
    Other
    $22,084
    Hours/week
    12 + 25.5 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

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.

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.

  • FMU STUDENT HOUSING LLC

    HOUSING · SC · income $6,423,208 · assets $18,573,094

    Directly controlled by FMU DEV

  • Directly controlled by FOUNDATION

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202401359349310810

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