Form 990 for tax year 2024
Filed by CLEMSON UNIVERSITY LAND STEWARDSHIP FOUNDATION INC.
Totals
- Total revenue
- $6,836,535
- Total expenses
- $4,959,990
- Contributions and grants received
- $97,932
- Grants paid
- $0
- Program service revenue
- $6,660,383
- Investment income
- $68,620
- Other revenue
- $9,600
- Total assets, end of year
- $118,107,901
- Total liabilities, end of year
- $72,104,570
- Net assets or fund balances, end of year
- $46,003,331
- Program services expenses (Part IX)
- $4,513,846
- Management and general expenses
- $446,144
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $4,513,846
Program services were 91.0% 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.
-
1f · All other contributions, gifts and grants
$97,932
-
1g · Noncash contributions included above
$97,932
-
2a · Program service revenue: RENTAL REVENUES
total $6,436,367 · related or exempt $6,436,367
-
2b · Program service revenue: RE SERVICES TO SUPPORT
total $191,479 · related or exempt $191,479
-
2c · Program service revenue: MANAGEMENT FEE
total $30,000 · related or exempt $30,000
-
2d · Program service revenue: DIRECT FINANCING LEASE
total $2,537 · related or exempt $2,537
-
3 · Investment income
total $68,620 · excluded $68,620
-
11a · Other revenue: MISCELLANEOUS REIMBURS
total $9,600 · excluded $9,600
-
11e · Other revenue, total
$9,600
Functional expenses
Part IX, the statement of functional expenses.
-
11b · Fees: legal
total $51,337 · program services $48,208 · management and general $3,129
-
11c · Fees: accounting
total $42,575 · management and general $42,575
-
11g · Fees: other
total $817,203 · program services $817,203
-
13 · Office expenses
total $1,398 · management and general $1,398
-
14 · Information technology
total $2,918 · management and general $2,918
-
16 · Occupancy
total $1,360,192 · program services $1,360,192
-
20 · Interest
total $1,833,541 · program services $1,833,541
-
22 · Depreciation, depletion and amortization
total $208,700 · program services $25,682 · management and general $183,018
-
23 · Insurance
total $132,875 · program services $106,921 · management and general $25,954
-
24a · Other expenses: SHARED SERVICES
total $509,251 · program services $322,099 · management and general $187,152
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,189,190 · end of year $1,248,799
-
2 · Savings and temporary cash investments
beginning of year $2,697,150 · end of year $1,789,734
-
4 · Accounts receivable
beginning of year $1,121,807 · end of year $1,556,557
-
10a · Land, buildings and equipment: cost or other basis
$13,670,170
-
10b · Land, buildings and equipment: accumulated depreciation
$2,748,702
-
10c · Land, buildings and equipment, net
beginning of year $11,032,236 · end of year $10,921,468
-
13 · Investments: program-related
beginning of year $91,761,592 · end of year $94,518,948
-
15 · Other assets
beginning of year $8,623,411 · end of year $8,072,395
-
17 · Accounts payable and accrued expenses
beginning of year $1,047,260 · end of year $155,055
-
19 · Deferred revenue
beginning of year $1,706,051 · end of year $3,700,892
-
23 · Secured mortgages and notes payable
beginning of year $45,665,485 · end of year $44,442,703
-
25 · Other liabilities
beginning of year $23,879,804 · end of year $23,805,920
-
27 · Net assets without donor restrictions
beginning of year $44,126,786 · end of year $46,003,331
Mission and programs · 2024
Mission
TO RECEIVE AND MANAGE REAL PROPERTY AND RELATED ASSETS FOR THE BENEFIT OF CLEMSON UNIVERSITY THROUGH ACTIVE DEVELOPMENT, LEASING AND MANAGEMENT AND TO SOLICIT GIFTS IN SUPPORT OF THIS PURPOSE.
Activities or mission (Part I)
THE CLEMSON UNIVERSITY LAND STEWARDSHIP FOUNDATION SUPPORTS CLEMSON UNIVERSITY THROUGH DEVELOPMENT ACTIVITIES ASSOCIATED WITH REAL PROPERTY AND ECONOMIC DEVELOPMENT.
-
REAL ESTATE MANAGEMENT AND DEVELOPMENT - DEVELOPMENT AND MANAGEMENT OF REAL ESTATE INCLUDING ACADEMIC AND INDUSTRIAL SPACE FOCUSED ON AUTOMOTIVE DESIGN AND ENGINEERING. THIS COMBINED ACADEMIC AND ECONOMIC DEVELOPMENT EFFORT IS IN DIRECT SUPPORT OF THE MISSION OF CLEMSON UNIVERSITY.
Expenses $4,513,846 · Revenue $6,660,383
As filed on the 2024 return.
Listed in Part VII
-
STEPHEN F HUTCHINSON
CHAIR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
CHRISTOPHER J PERRI
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
KENDALL ALLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
GEORGE J BULLWINKEL III
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
J RUSS DAVIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
DAVID E DUKES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
ANITA HARGETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
DANIEL B PATTILLO JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
MARK S RICHARDSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
WILLIAM C SMITH JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
F BOGUE WALLIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
MARGARET K MCCAULEY
PRESIDENT AND CEO
- Total calculated
- $0
- Hours/week
- 3 + 2 related
-
REGINA STEELE TRAVIS
TREASURER
- Total calculated
- $0
- Hours/week
- 3 + 1 related
-
LISA ROBINSON
SECRETARY
- Total calculated
- $0
- Hours/week
- 3 + 1 related
-
LAURA MOONEY
ASSISTANT SECRETARY
- Total calculated
- $0
- Hours/week
- 2 + 1 related
-
JASON M PRZYBYLA
ASSISTANT TREASURER
- Total calculated
- $0
- Hours/week
- 24.5 + 8 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
No itemized grants to organizations 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.
-
170(C)(1) · RESEARCH UNIVERSITY · SC
-
CLEMSON UNIVERSITY REAL ESTATE FOUNDATION
501(C)(3) · RECEIVES, MANAGES, AND INVESTS GIFTS OF REAL ESTATE FOR CU AND CUF · SC
Directly controlled by CLEMSON UNIVERSITY AND CLEMSON UNIVERSITY FOUNDATION
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.
-
REAL ESTATE DEVELOPMENT · SC · income $5,923,574 · assets $98,128,444
Directly controlled by CLEMSON UNIVERSITY LAND STEWARDSHIP FOUNDATION
-
PROPERTY MANAGEMENT · SC · income $191,479 · assets $89,170
Directly controlled by CLEMSON UNIVERSITY LAND STEWARDSHIP FOUNDATION
-
PROPERTY MANAGEMENT · SC · income $412,616 · assets $7,550,983
Directly controlled by CLEMSON UNIVERSITY LAND STEWARDSHIP FOUNDATION
-
PROPERTY MANAGEMENT · SC · income $0 · assets $0
Directly controlled by CLEMSON UNIVERSITY LAND STEWARDSHIP FOUNDATION
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 7 April 2026
- IRS schema version
- 2024v5.5
- Source object
- 202600999349300830
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