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Nonprofiteer
← PCSC FOUNDATION

Form 990 for tax year 2025

Filed by PCSC FOUNDATION.

Totals

Total revenue
$4,693,768
Total expenses
$260,871
Contributions and grants received
$3,589,950
Grants paid
$260,871
Program service revenue
$0
Investment income
$1,103,818
Other revenue
$0
Total assets, end of year
$43,700,052
Total liabilities, end of year
$261,441
Net assets or fund balances, end of year
$43,438,611
Program services expenses (Part IX)
$260,871
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$260,871

Program services were 100.0% 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

    $3,589,950

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $1,109,257 · excluded $1,109,257

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7b · Less cost or other basis and sales expenses

    securities $5,439

  • 7c · Gain or loss

    securities -$5,439 · other assets $0

  • 7d · Net gain or loss

    total -$5,439 · excluded -$5,439

  • 8c · Net income from fundraising events

    total $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $260,871 · program services $260,871

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,754,687 · end of year $3,426,343

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $26,260,534 · end of year $33,724,048

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $6,480,778 · end of year $6,549,661

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,060 · end of year $570

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year -$897,033 · end of year $260,871

  • 27 · Net assets without donor restrictions

    beginning of year $16,342,665 · end of year $22,108,094

  • 28 · Net assets with donor restrictions

    beginning of year $21,049,307 · end of year $21,330,517

Mission and programs · 2025

Mission

PROVIDE ASSISTANCE TO THE RETIREMENT COMMUNITIES AND HEALTH FACILITIES OWNED, OPERATED, OR MANAGED BY PRESBYTERIAN COMMUNITIES OF SOUTH CAROLINA.

  • FUNDING FOR CHARITABLE CARE (PRESBYTERIAN COMMUNITIES OF SC). EACH YEAR THE ORGANIZATION FUNDS SUBSTANTIALLY ALL THE CHARITABLE CARE PROVIDED BY PRESBYTERIAN COMMUNITIES OF SOUTH CAROLINA TO ITS RESIDENTS IN FINANCIAL NEED. IN 2025 PRESBYTERIAN COMMUNITIES OF SC PROVIDED $977,973 TO 18 QUALIFIED RESIDENTS WHO HAVE, THROUGH NO FAULT OF THEIR OWN, EXHAUSTED THEIR RESOURCES AND DEPEND ON OTHERS TO REMAIN IN OUR COMMUNITIES.

    Expenses $260,871 · Grants $260,871

As filed on the 2025 return.

Listed in Part VII

  • Anna Edwards

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • DR STACEY VAN PELT BRENNAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • ERIC SKIDMORE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • JAY NEXSEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Robert Warren

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • KEVIN M JOHNSON

    TREASURER

    Total calculated
    $266,852
    From this org
    $0
    From related orgs
    $224,243
    Other
    $42,609
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $224,243 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $35,843 related
    Nontaxable benefits
    $0 + $6,766 related
    Filer's total
    $0 + $266,852 related
  • REV DR FRANKLIN L FANT JR

    CEO

    Total calculated
    $425,790
    From this org
    $0
    From related orgs
    $402,322
    Other
    $23,468
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $402,322 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $16,588 related
    Nontaxable benefits
    $0 + $6,880 related
    Filer's total
    $0 + $425,790 related
  • WILLIAM MCCONNELL

    SECRETARY

    Total calculated
    $148,689
    From this org
    $0
    From related orgs
    $138,573
    Other
    $10,116
    Hours/week
    40

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.

Provenance

Return type
form_990
Tax year
2025
IRS schema version
2025v4.2
Source object
202612059349301101

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