Form 990 for tax year 2023
Filed by SPARTANBURG COMMUNITY COLLEGE FOUNDATION.
Totals
- Total revenue
- $1,087,572
- Total expenses
- $1,534,658
- Contributions and grants received
- $715,867
- Grants paid
- $1,158,111
- Program service revenue
- $199,000
- Investment income
- $153,936
- Other revenue
- $18,769
- Total assets, end of year
- $10,943,320
- Total liabilities, end of year
- $253,862
- Net assets or fund balances, end of year
- $10,689,458
- Program services expenses (Part IX)
- $1,337,579
- Management and general expenses
- $96,249
- Fundraising expenses
- $100,830
- Program service expenses (Part III)
- $1,337,579
Program services were 87.2% 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.
-
1c · Fundraising events
$59,804
-
1f · All other contributions, gifts and grants
$656,063
-
1g · Noncash contributions included above
$212,432
-
2a · Program service revenue: RENTAL INC-CHEROKEE CAMPUS
total $199,000 · related or exempt $199,000
-
3 · Investment income
total $154,793 · excluded $154,793
-
7b · Less cost or other basis and sales expenses
securities $857
-
7c · Gain or loss
securities -$857
-
7d · Net gain or loss
total -$857 · excluded -$857
-
8a · Fundraising events: gross income
$34,100
-
8a · Fundraising events: contributions included on line 1c
$59,804
-
8b · Fundraising events: direct expenses
$21,269
-
8c · Net income from fundraising events
total $12,831 · excluded $12,831
-
11a · Other revenue: OTHER REVENUE
total $5,938 · related or exempt $5,938
-
11e · Other revenue, total
$5,938
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,158,111 · program services $1,158,111
-
11a · Fees: management
total $60,788 · program services $19,050 · management and general $41,738
-
11c · Fees: accounting
total $19,124 · management and general $19,124
-
11e · Fees: professional fundraising services
total $95,890 · fundraising $95,890
-
11f · Fees: investment management
total $40,503 · program services $40,503
-
12 · Advertising and promotion
total $5,847 · management and general $907 · fundraising $4,940
-
13 · Office expenses
total $14,511 · management and general $14,511
-
14 · Information technology
total $3,410 · management and general $3,410
-
16 · Occupancy
total $10,000 · management and general $10,000
-
19 · Conferences, conventions and meetings
total $14,761 · program services $11,400 · management and general $3,361
-
20 · Interest
total $6,235 · program services $6,235
-
22 · Depreciation, depletion and amortization
total $101,148 · program services $101,148
-
23 · Insurance
total $1,132 · program services $1,132
-
24a · Other expenses: BANK SERVICE CHARGES
total $3,028 · management and general $3,028
-
24b · Other expenses: DUES & SUBSCRIPTIONS
total $170 · management and general $170
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $298,244 · end of year $347,488
-
3 · Pledges and grants receivable
beginning of year $45,900 · end of year $26,450
-
10a · Land, buildings and equipment: cost or other basis
$4,527,820
-
10b · Land, buildings and equipment: accumulated depreciation
$1,876,910
-
10c · Land, buildings and equipment, net
beginning of year $2,752,049 · end of year $2,650,910
-
11 · Investments: publicly traded securities
beginning of year $16,752 · end of year $20,436
-
13 · Investments: program-related
beginning of year $7,888,441 · end of year $7,898,036
-
17 · Accounts payable and accrued expenses
beginning of year $1,940 · end of year $1,175
-
20 · Tax-exempt bond liabilities
beginning of year $417,288 · end of year $252,687
-
27 · Net assets without donor restrictions
beginning of year $4,441,410 · end of year $4,682,841
-
28 · Net assets with donor restrictions
beginning of year $6,140,748 · end of year $6,006,617
Mission and programs · 2023
Mission
TO DEVELOP AND ADMINISTER PROGRAMS ORGANIZED EXCLUSIVELY TO RECEIVE AND HOLD BY BEQUEST, GIFT, OR PURCHASE ANY PROPERTY AND TO MANAGE, INVEST, AND USE THE PROPERTY FOR SCIENTIFIC, EDUCATIONAL, AND CHARITABLE PURPOSES FOR THE ADVANCEMENT OF SPARTANBURG COMMUNITY COLLEGE.
-
PROVIDE ASSISTANCE TO SPARTANBURG COMMUNITY COLLEGE BY ENABLING FACILITIES IN CHEROKEE COUNTY, SPARTANBURG COUNTY, AND UNION COUNTY TO FURTHER THEIR MISSION OF ACHIEVING EDUCATIONAL EXCELLENCE THAT CONTRIBUTES TO A VIBRANT LOCAL ECONOMY.
Expenses $179,468
-
PROVIDE ASSISTANCE TO SPARTANBURG COMMUNITY COLLEGE, A COMPREHENSIVE PUBLIC TWO-YEAR COMMUNITY COLLEGE, IN THE FORM OF EQUIPMENT, SUPPLIES, AND MATERIALS, THAT HELP THE FACULTY AND THE COLLEGE ACHIEVE EDUCATIONAL EXCELLENCE THAT CONTRIBUTES TO A VIBRANT LOCAL ECONOMY.
Expenses $304,916 · Grants $304,916
-
SPARTANBURG COMMUNITY COLLEGE FOUNDATION PROMOTES THE COLLEGE'S STRATEGIC PLANS FOR DISTINCTIVE GROWTH AND DEVELOPMENT BY ASSISTING DESERVING STUDENTS WITH SCHOLARSHIPS BASED ON SPECIFIED CRITERIA INCLUDING ACADEMIC STANDING, NEED, SERVICE TO THE COMMUNITY,LEADERSHIP, AND AREA OF STUDY. THE FOUNDATION HAS ESTABLISHED A TEMPORARILY RESTRICTED ACCOUNT FOR BMW SCHORLARSHIPS, THE FUNDING OF WHICH WAS RECEIVED FROM A STATE OF SOUTH CAROLINA GRANT FOR BMW SCHOLAR SCHOLARSHIPS, TO ADVANCE TECHNICAL CAREERS AS PARTICIPANTS IN THE BMW SCHOLARS PROGRAM MANAGED BY THE FOUNDATION AND DISBURSED THROUGH THE SPARTANBURG COUNTY FOUNDATION.
Expenses $853,195 · Grants $853,195
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Gregory M Mikota II College PresGREGORY M MIKOTA II COLLEGE PRES
EX-OFFICIO/N
- Total calculated
- $292,070
- From this org
- $38,500
- From related orgs
- $232,304
- Other
- $21,266
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $38,500 + $232,304 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $21,266 related
- Nontaxable benefits
- not reported
- Filer's total
- $38,500 + $253,570 related
-
Ethan BurroughsETHAN BURROUGHS
NON-VOTING B
- Total calculated
- $172,815
- From this org
- $0
- From related orgs
- $158,031
- Other
- $14,784
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $158,031 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $14,784 related
- Nontaxable benefits
- not reported
- Filer's total
- not reported + $172,815 related
-
John JaraczewskiJOHN JARACZEWSKI
EXECUTIVE DI
- Total calculated
- $102,460
- From this org
- $0
- From related orgs
- $93,696
- Other
- $8,764
- Hours/week
- 40
-
James SneadJAMES SNEAD
CFO
- Total calculated
- $54,310
- From this org
- $0
- From related orgs
- $49,695
- Other
- $4,615
- Hours/week
- 8 + 40 related
-
John BruensJOHN BRUENS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Albert CiafreALBERT CIAFRE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jim CookJIM COOK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rich GibsonRICH GIBSON
CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Jeff GillJEFF GILL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Loretta GrnaLORETTA GRNA
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Natashia JeterNATASHIA JETER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Joseph LandsverkJOSEPH LANDSVERK
BOARD VICE C
- Total calculated
- $0
- Hours/week
- 1
-
John NelsonJOHN NELSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Andrena Powell-BakerANDRENA POWELL-BAKER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
John RobinsJOHN ROBINS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rob RodriguesROB RODRIGUES
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Jw SandersJW SANDERS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kathy SinclairKATHY SINCLAIR
IMMEDIATE PA
- Total calculated
- $0
- Hours/week
- 5
-
Warren SneadWARREN SNEAD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dana Wood-HugginsDANA WOOD-HUGGINS
BOARD MEMBER
- 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
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
-
SCC-PUBLIC INSTITUTION OF HIGHER
$643,195
SCHOLARSHIPS
-
SCC-PUBLIC INSTITUTION OF HIGHER
$304,916
ADMIN/COLLEGE SUPPOR
-
GTC- PUBLIC INSTITUTION OF HIGHER
$193,500
SCHOLARSHIPS
-
TCTC- PUBLIC INSTITUTION OF HIGHER
$15,000
SCHOLARSHIPS
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.
-
SPARTANBURG COMMUNITY COLLEGE
501C3 · COLLEGE · SC
Directly controlled by SC TECH BO SC TECH BOARD
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 May 2024
- IRS schema version
- 2023v6.0
- Source object
- 202541349349309764
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