South Carolina State University Foundation Inc

Organization Overview

South Carolina State University Foundation Inc is located in Orangeburg, SC. The organization was established in 1971. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 12/2021, South Carolina State University Foundation Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Carolina State University Foundation Inc 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 12/2021, South Carolina State University Foundation Inc generated $4.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $2.4m during the year ending 12/2021. While expenses have increased by 3.3% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO FOSTER AND PROMOTE THE GROWTH OF SOUTH CAROLINA STATE UNIVERSITY BY RECEIVING, INVESTING, AND EXPENDING FUNDS FOR THE EXCLUSIVE BENEFIT OF THE UNIVERSITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

RECEIVE, INVEST, AND EXPEND FUNDS FOR THE EXCLUSIVE BENEFIT OF THE UNIVERSITY. DURING THE CURRENT YEAR, THE FOUNDATION MADE GRANTS TO THE UNIVERSITY SO THAT THE UNIVERSITY WAS ABLE TO PROVIDE SCHOLARSHIPS TO STUDENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Vernell T Brown
Treasurer
$0
Edwena L Crowe
Vice Chair
$0
Ethell Vereen Jr
Secretary
$0
Stephen V Beatty
Chair & Inte
$0
George K Quick
Ex-Officio D
$0
Edward D Williams
Ex-Officio D
$0

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$4,039,987
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$4,039,987
Total Program Service Revenue$0
Investment income $260,908
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $526,684
Net Income from Fundraising Events -$43,717
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,801,575

Grants Recieved

Over the last fiscal year, we have identified 3 grants that South Carolina State University Foundation Inc has recieved totaling $18,200.

Awarding OrganizationAmount
Kp Cares

Powder Springs, GA

PURPOSE: Scholarships

$7,500
Kp Cares

Powder Springs, GA

PURPOSE: Travel Sponsor

$5,500
Kp Cares

Powder Springs, GA

PURPOSE: Meal Sponsor

$5,200
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$7,907,830
Earnings$979,130
Admin Expense$23,785
Net Contributions$365,038
Other Expense$85,687
Grants$50,378
Ending Balance$9,092,148

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