Horry-Georgetown Technical College Foundation Incorporated
- Assets
- $15.4m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 5
- Location
- Conway, SC
- Founding
- 05/1979
- Data as of
- 06/2023
- EIN
- 57-0681224
Organization Overview
Horry-Georgetown Technical College Foundation Incorporated is located in Conway, SC. The organization was established in 1979. 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 06/2023, Horry-Georgetown Technical College Foundation Incorporated employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Horry-Georgetown Technical College Foundation Incorporated 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 06/2023, Horry-Georgetown Technical College Foundation Incorporated generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $2.4m during the year ending 06/2023. While expenses have increased by 18.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION WAS FORMED FOR THE PURPOSE OF ACCEPTING DONATIONS FOR THE SUPPORT OF THE HORRY-GEORGETOWN TECHNICAL COLLEGE, WHICH IS LOCATED IN MYRTLE BEACH, SOUTH CAROLINA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACCEPTING AND DISBURSING FUNDS FOR THE SUPPORT OF THE HORRY-GEORGETOWN TECHNICAL COLLEGE
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Tilley Chairman | OfficerTrustee | 10 | $0 |
John Sawyer Vice Chair | OfficerTrustee | 10 | $0 |
David Singleton Vice Chair | OfficerTrustee | 10 | $0 |
Dick Tinsley Treasurer | OfficerTrustee | 10 | $0 |
Martha Lewis Secretary | OfficerTrustee | 10 | $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 | $998,904 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $998,904 |
| Total Program Service Revenue | $0 |
| Investment income | $1,155,702 |
| 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 | $2,154,606 |
| 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. | $341,342 |
| Compensation of current officers, directors, key employees. | $85,335 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,286 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,500 |
| Fees for services: Accounting | $10,754 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $9,276 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $12,679 |
| 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 | $5,494 |
| All other expenses | $1,750,178 |
| Total functional expenses | $2,378,190 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,037 |
| Savings and temporary cash investments | $1,582,840 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $873,621 |
| 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 | $12,851,805 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,948 |
| Total assets | $15,384,251 |
| Accounts payable and accrued expenses | $36,569 |
| Grants payable | $0 |
| Deferred revenue | $33,000 |
| 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 | $69,569 |
| Net assets without donor restrictions | $156,031 |
| Net assets with donor restrictions | $15,158,651 |
| 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 | $15,384,251 |