South Carolina Universities Research And Education Foundation
- Assets
- $556.6k
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 2
- Location
- Aiken, SC
- Founding
- 08/1989
- Data as of
- 06/2021
- EIN
- 57-0880832
Organization Overview
South Carolina Universities Research And Education Foundation is located in Aiken, SC. The organization was established in 1989. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. As of 06/2021, South Carolina Universities Research And Education Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Carolina Universities Research And Education 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 06/2021, South Carolina Universities Research And Education Foundation generated $2.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.9%) each year. All expenses for the organization totaled $2.4m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (10.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, South Carolina Universities Research And Education Foundation has awarded 30 individual grants totaling $24,998,751. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION IS ORGANIZED TO SUPPORT THREE SOUTH CAROLINA UNIVERSITIES THAT PROVIDE RESEARCH FOR VARIOUS GOVERNMENT AGENCIES SUCH AS DEPARTMENT OF ENERGY, DEPARTMENT OF HOMELAND SECURITY, ETC. PRIMARILY IN THE NUCLEAR AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SAVANNAH RIVER NUCLEAR SOLUTIONS (BOA139) - THE FOUNDATION ENTERED INTO A SUBCONTRACT WITH SAVANNAH RIVER NUCLEAR SOLUTIONS. THE FOUNDATION PROVIDES RESEARCH AND DEVELOPMENT AND TRAINING SERVICES TO SUPPORT THE SITE'S ENVIRONMENTAL RESTORATION, WASTE MANAGEMENT, TECHNOLOGY TRANSFER, ECONOMIC DEVELOPMENT, EDUCATION AND TRAINING MISSIONS, AND ACTIVITIES RELATED TO NEW MISSIONS AT THE SITE.
RICKOVER FELLOWSHIP PROGRAM (NRLF) - THE FOUNDATION ENTERED INTO CONTRACT DE-NR0000633 WITH THE U.S. DEPARTMENT OF ENERGY NAVAL REACTORS LABORATORY FIELD OFFICE. THESE GRANT FUNDS ARE TO BE USED IN THE SUPPORT OF RESEARCH AND DEVELOPMENT, EQUIPMENT UPGRADES, AND STUDENT FINANCIAL SUPPORT. THESE FUNDS MAY PROVIDE FOR: SALARIES, MATERIALS, SUPPLIES, EQUIPMENT, TRAVEL, PUBLICATION COSTS, SUPPORTING COSTS REQUIRED FOR TECHNICAL ACTIVITIES, MARKET ANALYSES, FINANCING PLANS, AND OTHER ACTIVITIES NECESSARY TO ACHIEVE THE PROGRAM'S OBJECTIVE.
U.S. DEPARTMENT OF ENERGY - NUCLEAR ENERGY ADVISORY COMMITTEE PROGRAM ("DOE/PMIS") - THE FOUNDATION ENTERED INTO CONTRACT DOE0638-1022-06 WITH THE U.S. DEPARTMENT OF ENERGY-IDAHO. THESE GRANT FUNDS ARE TO BE USED IN THE SUPPORT OF DESIGN, DEVELOPMENT, PLANNING, AND EXECUTION OF VARIOUS MEETINGS FOR THE DOE/PMIS. THESE FUNDS MAY PROVIDE FOR: SALARIES, MATERIALS, SUPPLIES, TRAVEL, AND OTHER SUPPORTING COSTS AS DETERMINED NECESSARY BY THE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Williamson COO | Officer | 40 | $160,740 |
Travis Knight Chairman | OfficerTrustee | 1 | $0 |
Tanju Karanfil Secretary | OfficerTrustee | 1 | $0 |
Elbert R Malone Treasurer | OfficerTrustee | 1 | $0 |
Tiffany Boyd Trustee | Trustee | 1 | $0 |
Lindsay Anastasio Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $815,299 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,173,271 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,988,570 |
| Total Program Service Revenue | $216,849 |
| Investment income | $0 |
| 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 | $2,208,324 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,951,716 |
| 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. | $171,205 |
| Compensation of current officers, directors, key employees. | $171,205 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $91,621 |
| Pension plan accruals and contributions | $28,313 |
| Other employee benefits | $31,783 |
| Payroll taxes | $15,781 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $47,745 |
| Advertising and promotion | $0 |
| Office expenses | $13,206 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,097 |
| Travel | $3,493 |
| 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 | $9,463 |
| All other expenses | $0 |
| Total functional expenses | $2,407,373 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $166,166 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $387,324 |
| 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 | $3,065 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $556,555 |
| Accounts payable and accrued expenses | $27,020 |
| 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 | $256,181 |
| Total liabilities | $283,201 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $273,354 |
| 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 | $556,555 |
Grants Awarded
Over the last fiscal year, South Carolina Universities Research And Education Foundation has awarded $1,951,716 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF SOUTH CAROLINA PURPOSE: RESEARCH AND SPONSORED PROGRAMS | $1,461,711 |
Aiken, SC PURPOSE: RESEARCH AND SPONSORED PROGRAMS | $483,040 |
CLEMSON UNIVERSITY PURPOSE: RESEARCH AND SPONSORED PROGRAMS | $6,965 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that South Carolina Universities Research And Education Foundation has recieved totaling $35,000.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $35,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of South Carolina Business Partnership Foundation Columbia, SC | $128,044,992 | $17,993,004 |
Francis Marion University Development Foundation Florence, SC | $27,042,578 | $6,587,347 |
Georgia Charter Schools Association Inc Atlanta, GA | $3,275,551 | $3,963,375 |
South Carolina Universities Research And Education Foundation Aiken, SC | $556,555 | $2,208,324 |
South Carolina First Steps To School Readiness Board Of Trustees Greenwood, SC | $426,843 | $2,213,711 |
Henderson County Alliance For Education Hendersonville, NC | $2,111,025 | $2,100,131 |
Renaissance West Community Initiative Charlotte, NC | $9,550,833 | $4,133,933 |
South Carolina State University Real Estate Foundation Inc Orangeburg, SC | $6,877,276 | $1,311,398 |
Gpf Woodson Park Nmtc Inc Atlanta, GA | $32,334,183 | $1,809,363 |
North Carolina Public Library Directors Association Hendersonville, NC | $362,801 | $1,419,864 |
Parents For Educational Freedom In North Carolina Inc Raleigh, NC | $777,909 | $1,211,027 |
Odyssey Inc Atlanta, GA | $2,520,769 | $1,651,617 |