Health Sciences South Carolina
- Assets
- $10.5m
- Revenue
- $150.9m
- Investments
- $0.0
- Employees
- 7
- Location
- Columbia, SC
- Founding
- 07/2006
- Data as of
- 06/2022
- EIN
- 20-2849804
Organization Overview
Health Sciences South Carolina is located in Columbia, SC. The organization was established in 2006. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. As of 06/2022, Health Sciences South Carolina employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Health Sciences South Carolina is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Health Sciences South Carolina generated $150.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $150.9m during the year ending 06/2022. While expenses have increased by 1.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
HEALTH SCIENCES SOUTH CAROLINA (HSSC) WAS ESTABLISHED WITH THE VISION OF TRANSFORMING THE STATE OF SOUTH CAROLINA'S PUBLIC HEALTH AND ECONOMIC WELL-BEING THROUGH RESEARCH. HSSC IS ALSO COMMITTED TO EDUCATING AND TRAINING THE HEALTHCARE WORKFORCE. HSSC AND ITS PARTNERS ARE WORKING HARD TO MAKE GOOD HEALTH POSSIBLE FOR ALL SOUTH CAROLINIANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE THE EDUCATIONAL, RESEARCH, CLINICAL AND RELATED PROGRAMS OF THE UNIVERSITY OF SOUTH CAROLINA, THE MEDICAL UNIVERSITY OF SOUTH CAROLINA, CLEMSON UNIVERSITY, THE MEDICAL UNIVERSITY HOSPITAL AUTHORITY, SPARTANBURG REGIONAL HOSPITAL, ANMED HEALTH, AND MCLEOD HEALTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth R Deans Jr Ceo/president | Officer | 40 | $368,430 |
Katrina Fryar Vp/coo | Officer | 40 | $201,462 |
Jeff Jacobs Senior Data Archit | 40 | $155,707 | |
Maynard Cain Program Manager | 40 | $104,636 | |
Greg Barabell Director | Trustee | 1 | $0 |
Bruce Holstien Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lighthouse Partners Inc Consulting | 6/29/22 | $174,365 |
Richard W West Consulting | 6/29/22 | $135,722 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $150,907,880 |
| Investment income | $30,677 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $150,938,557 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $807,847 |
| Compensation of current officers, directors, key employees. | $585,232 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $542,247 |
| Pension plan accruals and contributions | $18,083 |
| Other employee benefits | $44,396 |
| Payroll taxes | $40,689 |
| Fees for services: Management | $12,684 |
| Fees for services: Legal | $64,487 |
| Fees for services: Accounting | $3,060 |
| Fees for services: Lobbying | $12,600 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,400 |
| Advertising and promotion | $0 |
| Office expenses | $45,371 |
| Information technology | $301,598 |
| Royalties | $0 |
| Occupancy | $35,950 |
| Travel | $8,850 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $273 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $103,680 |
| All other expenses | $0 |
| Total functional expenses | $150,938,557 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,111,498 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,415,723 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $37 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,527,258 |
| Accounts payable and accrued expenses | $7,327,676 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,199,582 |
| Total liabilities | $10,527,258 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $10,527,258 |
Grants Awarded
Over the last fiscal year, Health Sciences South Carolina has awarded $150,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
DUKE UNIVERSITY PURPOSE: Carolinas Collaborative infrastructure support | $50,000 |
UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL PURPOSE: Carolinas Collaborative infrastructure support | $50,000 |
WAKE FOREST UNIVERSITY HEALTH SCIENCES PURPOSE: Carolinas Collaborative infrastructure support | $50,000 |