Tri-County Technical College Foundation Inc
- Assets
- $70.5m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Pendleton, SC
- Founding
- 10/1982
- Data as of
- 06/2024
- EIN
- 57-0734955
Organization Overview
Tri-County Technical College Foundation Inc is located in Pendleton, SC. The organization was established in 1982. According to its NTEE Classification (B43) the organization is classified as: Universities, 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. Tri-County Technical College 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 06/2024, Tri-County Technical College Foundation Inc generated $5.6m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $3.1m during the year ending 06/2024. While expenses have increased by 7.3% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION SUPPORTS THE ADVANCEMENT OF TRI-COUNTY TECHNICAL COLLEGE BY FUNDING STUDENT SCHOLARSHIPS, PROVIDING EDUCATIONAL SUPPORT TO THE COLLEGE, AND PROMOTING OTHER ACTIVITIES IN SUPPORT OF THE COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL SUPPORT PROVIDED TO TRI-COUNTY TECHNICAL COLLEGE.
EXPENSES RELATED TO FACILITIES OF ANDERSON/PENDLETON CAMPUS AND PLEDGE DISCOUNT.
SCHOLARSHIPS PROVIDED TO QUALIFYING STUDENTS OF TRI-COUNTY TECHNICAL COLLEGE.
PROFESSIONAL DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Trent Acker Director | Trustee | 1 | $0 |
Susan Borcherts Director | Trustee | 1 | $0 |
Craig Chappelear Director | Trustee | 1 | $0 |
Kym Cleveland Vice Chair | Trustee | 1 | $0 |
Joel Davis Director | Trustee | 1 | $0 |
Galen Dehay Ex Officio | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $92,402 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,108,492 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,200,894 |
| Total Program Service Revenue | $2,479,160 |
| Investment income | $1,900,418 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$18,710 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,587,851 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $691,766 |
| 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 | $130,230 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,000 |
| Advertising and promotion | $0 |
| Office expenses | $1,484 |
| 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 | $2,939 |
| Interest | $601,005 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $925,861 |
| Insurance | $5,972 |
| All other expenses | $36,226 |
| Total functional expenses | $3,099,291 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,315,109 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $103,882 |
| 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 | $17,915 |
| Net Land, buildings, and equipment | $31,064,300 |
| Investments—publicly traded securities | $35,821,941 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $216,009 |
| Total assets | $70,539,156 |
| Accounts payable and accrued expenses | $302,989 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $18,172,140 |
| 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 | $18,475,129 |
| Net assets without donor restrictions | $12,668,656 |
| Net assets with donor restrictions | $39,395,371 |
| 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 | $70,539,156 |