Winthrop University Foundation
- Assets
- $73.8m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 6
- Location
- Rock Hill, SC
- Founding
- 04/1976
- Data as of
- 12/2022
- EIN
- 23-7378001
Organization Overview
Winthrop University Foundation is located in Rock Hill, SC. The organization was established in 1976. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 12/2022, Winthrop University Foundation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Winthrop University Foundation 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 12/2022, Winthrop University Foundation generated $6.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $4.6m during the year ending 12/2022. While expenses have increased by 0.2% per year over the past 8 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.
Since 2015, Winthrop University Foundation has awarded 18 individual grants totaling $23,059,449. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT AND ENHANCE WINTHROP UNIVERSITY BY ENCOURAGING ALUMNI AND FRIENDS TO PROVIDE PRIVATE FUNDS AND OTHER RESOURCES FOR THE UNIVERSITY'S BENEFIT, TO MANAGE THOSE ASSETS, AND TO PROVIDE VOLUNTEER LEADERSHIP IN SUPPORT OF THE UNIVERSITY'S OBJECTIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT FOR WINTHROP UNIVERSITY, A SOUTH CAROLINA PUBLIC HIGHER EDUCATION INSTITUTION LOCATED IN ROCK HILL, SC, WHOSE LEGISLATIVE CHARTER INCLUDES A MANDATE TO BE A "FIRST-CLASS INSTITUTION OF HIGHER EDUCATION" OFFERING AN EDUCATIONAL EXPERIENCE "AS THE PROGRESS OF THE TIMES MAY REQUIRE". SUPPORT IS MADE THROUGH SCHOLARSHIPS, GRANTS, SALARY SUPPLEMENTS, AND OTHER DISCRETIONARY SUPPORT THAT PROMOTES THE GROWTH, DEVELOPMENT AND ADVANCEMENT OF ITS EDUCATIONAL GOALS.
GRANT TO WINTHROP UNIVERSITY ALUMNI ASSOCIATION, ANOTHER 501(C)3 ORGANIZATION, FOR OPERATIONAL SUPPORT TO BUILD ENGAGEMENT, LOYALTY, CONNECTIONS, RESOURCES AND GOODWILL AMONG UNIVERSITY STUDENTS, GRADUATES AND NON-GRADUATE ALUMNI AND FRIENDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Edward Serna University Pres. | 10 | $107,500 | |
Dr George Hynd Interim President | 10 | $69,011 | |
Mrs Robin Embry Executive Dir. | Officer | 40 | $111,539 |
Mr Peter Moroni President | OfficerTrustee | 1 | $0 |
Mr Claude Close Director | Trustee | 1 | $0 |
Mrs Catherine Faircloth Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $9,440 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,669,172 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,678,612 |
| Total Program Service Revenue | $77,772 |
| Investment income | $1,572,585 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,923,576 |
| Net Income from Fundraising Events | -$247 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,254,328 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,502,253 |
| 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. | $314,008 |
| Compensation of current officers, directors, key employees. | $66,923 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $275,820 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $72,110 |
| Fees for services: Investment Management | $77,658 |
| Fees for services: Other | $65,192 |
| Advertising and promotion | $0 |
| Office expenses | $47,280 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,901 |
| Travel | $25,571 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,728 |
| All other expenses | $6,387 |
| Total functional expenses | $4,646,438 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,053,237 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $877,153 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,000 |
| Prepaid expenses and deferred charges | $17,177 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $68,093,229 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,791,131 |
| Total assets | $73,833,927 |
| Accounts payable and accrued expenses | $197,578 |
| 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 | $1,144,814 |
| Total liabilities | $1,342,392 |
| Net assets without donor restrictions | $2,162,055 |
| Net assets with donor restrictions | $70,329,480 |
| 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 | $73,833,927 |
Grants Awarded
Over the last fiscal year, Winthrop University Foundation has awarded $3,461,543 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ALUMNI ASSOC OF WIN UNIV PURPOSE: OPERATING EXPENSES | $29,000 |
WINTHROP UNIVERSITY PURPOSE: SCHOLARSHIPS | $3,432,543 |