South Carolina Technical College System Foundation
- Assets
- $642.6k
- Revenue
- $205.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Columbia, SC
- Founding
- 08/1965
- Data as of
- 06/2022
- EIN
- 57-0468430
Organization Overview
South Carolina Technical College System Foundation, operating under the name Sys, is located in Columbia, SC. The organization was established in 1965. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sys 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, Sys generated $205.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $213.3k during the year ending 06/2022. While expenses have increased by 12.1% 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.
Since 2019, Sys has awarded 30 individual grants totaling $1,423,789. 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 PROMOTE AND SUPPORT THE STUDENTS AT SIXTEEN PUBLIC TECHNCIAL COLLEGES IN SOUTH CAROLINA THROUGH SCHOLARSHIPS AND AWARDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDIRECT AND DIRECT SUPPORT FOR SIXTEEN PUBLIC TECHNICAL COLLEGES IN SOUTH CAROLINA.
SCHOLARSHIPS FOR STUDENTS IN THE SOUTH CAROLINA TECHNICAL COLLEGE SYSTEM AND OR 4 YEAR COLLEGE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Warren Helm Board Member | Trustee | 2 | $0 |
Edward Grantland Burns Board Member | Trustee | 2 | $0 |
Anthony Barker Board Member | Trustee | 2 | $0 |
Ralph Odom Jr Board Member | Trustee | 2 | $0 |
Robert Barnett Board Member | Trustee | 2 | $0 |
Philip Homan Board Member | Trustee | 2 | $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 | $100,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $100,000 |
| Total Program Service Revenue | $0 |
| Investment income | $27,616 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $77,073 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $205,644 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $176,125 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| 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 | $6,756 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,701 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,859 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,089 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $797 |
| All other expenses | $0 |
| Total functional expenses | $213,327 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $103,068 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $539,517 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $642,585 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $475,744 |
| Net assets with donor restrictions | $166,841 |
| 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 | $642,585 |
Grants Awarded
Over the last fiscal year, South Carolina Technical College System Foundation has awarded $176,125 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SC TECHNICAL COLLEGE SYSTEMSC TECHNICAL COLLEGE SYSTEM PURPOSE: HERITAGE CAD LICENSE | $111,125 |
SC TECHNICAL COLLEGE SYSTEMSC TECHNICAL COLLEGE SYSTEM PURPOSE: HERITAGE CLASSIC | $50,000 |
NORTHEASTERN TECH COLLEGENORTHEASTERN TECH COLLEGE PURPOSE: HERITAGE | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that South Carolina Technical College System Foundation has recieved totaling $40,000.
| Awarding Organization | Amount |
|---|---|
Central Carolina Community Foundation Columbia, SC PURPOSE: GENERAL SUPPORT | $40,000 |
Endowment Analysis
| Beg. Balance | $31,415 |
| Net Contributions | $1,551 |
| Ending Balance | $32,966 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chowan University Murfreesboro, NC | $92,478,442 | $40,741,279 |
Road2hire Fort Mill, SC | $1,082,574 | $3,197,905 |
American College Of The Building Arts Charleston, SC | $8,182,078 | $3,152,550 |
Plumbers & Pipefitters Local Union No 421 Joint Training Fund North Charleston, SC | $3,214,937 | $2,045,686 |
Georgia Association For Career & Technical Education Inc Marietta, GA | $923,695 | $850,463 |
Roc Charlotte Inc Charlotte, NC | $796,896 | $491,119 |
New Classical Academy Incorporated Asheville, NC | $1,053,793 | $599,358 |
Life Training Institute Newnan, GA | $322,392 | $507,266 |
Executive Center For Economic & Educational Development Inc Greenville, NC | $148,556 | $232,972 |
Incremental Development Alliance Columbus, GA | $72,498 | $306,663 |
Southwestern Community College Foundation Inc Sylva, NC | $6,658,151 | $1,109,080 |
Oftc Foundation North Inc Sandersville, GA | $1,096,542 | $737,620 |