University Of South Carolina Beaufort Education Foundation

Organization Overview

University Of South Carolina Beaufort Education Foundation is located in Bluffton, SC. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. University Of South Carolina Beaufort 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 12/2021, University Of South Carolina Beaufort Education Foundation generated $88.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (56.8%) each year. All expenses for the organization totaled $62.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE O:THE MISSION OF THE UNIVERSITY OF SOUTH CAROLINA BEAUFORT EDUCATION FOUNDATION IS TO SUPPORT THE UNIVERSITY OF SOUTH CAROLINA BEAUFORT IN ALL OF ITS EDUCATIONAL, INSTRUCTIONAL, SCIENTIFIC, LITERARY, RESEARCH, SERVICE, CHARITABLE, AND OUTREACH ENDEAVORS AND TO MAXIMIZE PRIVATE-SECTOR OPPORTUNITIES AND SUPPORT, THEREBY, EMPOWERING THE UNIVERSITY TO PROVIDE A MARGIN OF EXCELLENCE BEYOND WHAT IS ACHIEVABLE WITH STATE, COUNTY, AND MUNICIPAL FUNDS ALONE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE OFFICE OF UNIVERSITY ADVANCEMENT OF THE UNIVERSITY OF SOUTH CAROLINA BEAUFORT HAS MANY OBJECTIVES IN SERVING OUR CONSTITUENCIES. ON A DAILY BASIS WE WORK TO PROVIDE SCHOLARSHIPS FOR OUR STUDENTS, SUPPORT CURRENT EDUCATIONAL PROGRAMS AT USCB AND SECURE FUNDING FOR NEW AND INNOVATIVE ONES. WE ALSO PROMOTE AND ENCOURAGE THE RESEARCH OF OUR FACULTY, STAFF, AND STUDENTS.


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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$42,100
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$42,100
Total Program Service Revenue$0
Investment income $46,522
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$69
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $88,553

Endowment Analysis

Beg. Balance$1,227,001
Earnings$148,349
Admin Expense$14,561
Net Contributions$100
Grants$40,511
Ending Balance$1,320,378

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