Etv Endowment Of South Carolina Inc
- Assets
- $31.8m
- Revenue
- $11.2m
- Investments
- $0.0
- Employees
- 24
- Location
- Spartanburg, SC
- Founding
- 11/1977
- Data as of
- 06/2022
- EIN
- 57-0657549
Organization Overview
Etv Endowment Of South Carolina Inc is located in Spartanburg, SC. The organization was established in 1977. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Etv Endowment Of South Carolina Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Etv Endowment Of South Carolina 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 06/2022, Etv Endowment Of South Carolina Inc generated $11.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $9.8m during the year ending 06/2022. While expenses have increased by 3.7% 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
TO PROMOTE EDUCATIONAL PUBLIC BROADCASTING IN SOUTH CAROLINA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM PURCHASE - THROUGH ANNUAL MEMBERSHIP CONTRIBUTIONS, THE ETV ENDOWMENT OF SOUTH CAROLINA SUPPORTS PROGRAMS BROADCAST BY SCETV, SC PUBLIC RADIO AND OTHER PUBLIC MEDIA STATIONS. THE ENDOWMENT'S NEARLY 46,500 DONORS MADE NEARLY 248,000 INDIVIDUAL GIFTS IN FY22. THESE MEMBERSHIP FUNDS ARE USED TO PURCHASE PROGRAMMING SEEN ON 11 TELEVISION STATIONS BROADCASTING FOUR TELEVISION CHANNELS AND HEARD ON NINE RADIO STATIONS BROADCASTING TWO PROGRAMMING STREAMS THROUGHOUT THE STATE. FUNDING FOR THE PROGRAMMING THAT IS BROADCAST 24 HOURS PER DAY, SEVEN DAYS PER WEEK, INCLUDING THE NATIONAL PBS AND NPR SCHEDULES, IS PROVIDED BY MEMBERS OF THE ENDOWMENT. THE ETV ENDOWMENT IS PROUD TO SERVE ALL SOUTH CAROLINIANS, WITHOUT REGARD TO THEIR ABILITY TO PAY FOR THE MANY PROGRAMS OFFERED.
PROGRAM PRODUCTION - SINCE ITS FOUNDING IN 1977, THE ETV ENDOWMENT HAS MANAGED MORE THAN $134 MILLION IN RESTRICTED GRANTS FROM CORPORATIONS, FOUNDATIONS AND INDIVIDUALS AS WELL AS STATE AND GOVERNMENTAL ENTITIES. THE ENDOWMENT USES THESE FUNDS IN ACCORDANCE WITH GRANT RESTRICTIONS TO PRODUCE AND/OR PRESENT PROGRAMS FOR DISTRIBUTION ON A NATIONAL, REGIONAL OR STATE LEVEL. SCETV, SC PUBLIC RADIO AND THE ETV ENDOWMENT ALSO CONTRIBUTE SIGNIFICANT IN-KIND CONTRIBUTIONS TO THESE PROGRAMS TO ENSURE COMPLETION AND DISTRIBUTION. SUCH PROGRAMS INCLUDE TELEVISION, RADIO AND NON-BROADCAST EDUCATIONAL PROGRAMS.
MEMBER SERVICES - FOR 44 YEARS, THE ETV ENDOWMENT FAMILY OF DONORS, NUMBERING NEARLY 46,500 HAS PROVIDED MEMBERSHIP CONTRIBUTIONS TO SUSTAIN THE PROGRAM PURCHASE AND PRODUCTION OF TELEVISION AND RADIO PROGRAMMING. SINCE THE ENDOWMENT'S INCEPTION IN 1977, OUR ENDOWMENT DONORS HAVE CONTRIBUTED NEARLY $145 MILLION IN UNRESTRICTED MEMBERSHIP FUNDS. EVERY MEMBER OF THE ENDOWMENT IS OFFERED A MONTHLY SCENE PROGRAM GUIDE, WHICH HIGHLIGHTS THE OFFERINGS ON EACH OF SCETV'S FOUR TELEVISION CHANNELS AND TWO RADIO STREAMS. THE ENDOWMENT ALSO SENDS TO MEMBERS MEMBERSHIP DECALS FOR THEIR VEHICLES EACH YEAR SO OTHERS MAY KNOW OF THEIR SUPPORT OF PUBLIC MEDIA IN SOUTH CAROLINA. LASTLY, THE ENDOWMENT MAILED MORE THAN 2,900 APPRECIATION GIFTS TO OUR DONORS IN FY22. THOSE GIFTS INCLUDED DVDS, BOOKS AND TICKETS TO PERFORMANCES ASSOCIATED WITH ETV AND SC PUBLIC RADIO, ALL OF WHICH EXTEND THE EDUCATIONAL OUTREACH COMPONENT OF SCETV'S PROGRAMMING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Coby C Hennecy CPA Cfre Executive Director | Officer | 40 | $207,721 |
Lauren Chivers Financial Officer | Officer | 35 | $128,148 |
Wm Bubba Self Jr President | OfficerTrustee | 1 | $0 |
Catherine Heigel Vice-President | OfficerTrustee | 1 | $0 |
William A Finn Treasurer | OfficerTrustee | 1 | $0 |
Traci Young Cooper Edd Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Forest Incentives Ltd Wholesale Gift Distributor | 6/29/22 | $134,066 |
Allegiance Fundraising Llc Direct Mail Services | 6/29/22 | $688,157 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $7,630,530 |
| Fundraising events | $34,000 |
| Related organizations | $0 |
| Government grants | $86,556 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,380,800 |
| Noncash contributions included in lines 1a–1f | $454,298 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,131,886 |
| Total Program Service Revenue | $821,435 |
| Investment income | $575,521 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $663,772 |
| Net Income from Fundraising Events | $11,660 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,204,274 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,041,759 |
| 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. | $371,625 |
| Compensation of current officers, directors, key employees. | $297,300 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $517,432 |
| Pension plan accruals and contributions | $40,118 |
| Other employee benefits | $76,974 |
| Payroll taxes | $62,487 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,814 |
| Fees for services: Accounting | $20,160 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $40,000 |
| Fees for services: Other | $102,192 |
| Advertising and promotion | $71,852 |
| Office expenses | $10,571 |
| Information technology | $46,477 |
| Royalties | $0 |
| Occupancy | $45,810 |
| Travel | $21,720 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,694 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,949 |
| Insurance | $14,802 |
| All other expenses | $384,189 |
| Total functional expenses | $9,761,112 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $220,152 |
| Savings and temporary cash investments | $1,178,418 |
| Pledges and grants receivable | $49,415 |
| Accounts receivable, net | $275,281 |
| 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 | $128,407 |
| Net Land, buildings, and equipment | $89,957 |
| Investments—publicly traded securities | $29,696,178 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $210,201 |
| Total assets | $31,848,009 |
| Accounts payable and accrued expenses | $1,136,223 |
| Grants payable | $0 |
| Deferred revenue | $96,824 |
| 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 | $513,211 |
| Total liabilities | $1,746,258 |
| Net assets without donor restrictions | $24,592,916 |
| Net assets with donor restrictions | $5,508,835 |
| 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 | $31,848,009 |
Grants Recieved
Over the last fiscal year, we have identified 51 grants that Etv Endowment Of South Carolina Inc has recieved totaling $257,454.
| Awarding Organization | Amount |
|---|---|
Rotary International Columbia, SC PURPOSE: TO PROMOTE EDUCATIONAL PROGRAMMING PROVIDED BY ETV | $111,648 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $46,339 |
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $25,628 |
John M Kohler Foundation Inc Milwaukee, WI PURPOSE: GENERAL OPERATING | $15,000 |
Spartanburg County Foundation Spartanburg, SC PURPOSE: GENERAL SUPPORT | $10,831 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $10,193 |
Endowment Analysis
| Beg. Balance | $25,483,183 |
| Earnings | -$3,427,600 |
| Ending Balance | $22,055,583 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Greater Charlotte Cultural Trust Charlotte, NC | $173,742,321 | $2,357,736 |
Etv Endowment Of South Carolina Inc Spartanburg, SC | $31,848,009 | $11,204,274 |
Gwinnett Championship Foundation Inc Duluth, GA | $476,337 | $4,123,025 |
Cobb Community Foundation Inc Atlanta, GA | $18,425,025 | $3,579,591 |
Gaillard Performance Hall Foundation Charleston, SC | $7,942,999 | $750,731 |
William R Kenan Jr Fund For The Arts Chapel Hill, NC | $30,178,263 | $1,461,510 |
Fuquay-Varina Arts Foundation Inc Fuquayvarina, NC | $0 | $383,560 |
Grsp Foundation Savannah, GA | $15,605,177 | $1,060,324 |
The Museum Association Inc Greenville, SC | $826,062 | $492,924 |
Friends With Benefits Fund Augusta, GA | $3,687 | $377,157 |
Lambert Allied Stampede Support Organization Cumming, GA | $25,630 | $357,814 |
Foundation For The Mint Museum Charlotte, NC | $17,249,448 | $2,001,692 |