UNIVERSITY OF SOUTH CAROLINA BUSINESS PARTNERSHIP FOUNDATION

EIN: 237042391 501(c)(3)

COLUMBIA, SC

Total Revenue
$17,296,737
Total Expenses
$15,554,873
Total Assets
$173,203,251
Net Assets
$172,256,417
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
SC
Principal Officer
DAVID F PARKER
Phone
8037770233
Tax Period
2024-07-01 to 2025-06-30

UNIVERSITY OF SOUTH CAROLINA BUSINESS PARTNERSHIP FOUNDATION, founded in 1969, is a mid-sized nonprofit that reported $17.3M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $15.6M left a modest 10% surplus.

Mission

TO ESTABLISH CONTINUING PARTNERSHIP BETWEEN THE UNIVERSITY OF SOUTH CAROLINA AND THE BUSINESS COMMUNITY FOR THE ENHANCEMENT AND IMPROVEMENT OF THE DARLA MOORE SCHOOL OF BUSINESS. TO SOLICIT AND RECEIVE GIFTS SUBJECT TO CONDITIONS IMPOSED THEREON FOR THE BENEFIT OF THE DARLA MOORE SCHOOL OF BUSINESS. TO BUILD AN ENDOWMENT FUND AND SUPERVISE ITS CREATIVE MANAGEMENT. TO ASSIST IN DETERMINING APPROPRIATE PROJECTS AND TO BE FINANCED WITH FUNDS RAISED. TO ENCOURAGE AND ASSIST IN SUPPORTING RESEARCH IN BUSINESS AND ECONOMIC PROBLEMS. TO ASSIST IN CONDUCTING CONFERENCES FOR EDUCATION AND DEVELOPMENT OF MANAGEMENT PERSONNEL WORLDWIDE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,968,772
Program Service Revenue $4,702,973
Investment Income $6,576,947
Other Revenue $48,045
TOTAL REVENUE $17,296,737

Expense Breakdown

Grants Paid $5,171,361
Salaries & Benefits $4,337,531
Fundraising Expenses $0
Program Expenses $14,361,342
Other Expenses $6,045,981
TOTAL EXPENSES $15,554,873

Year-over-Year Comparison

2024 2023 Change
Revenue $17,296,737 $19,424,232 -0.1%
Expenses $15,554,873 $13,599,885 +0.1%
Net Income $1,741,864 $5,824,347 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
14
Employees
21
Volunteers
50

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$437,696
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID PARKER TREASURER/VICE PRESIDENT (NON VOTING) 40.00
Officer
$182,120 $45,328 $227,448
SUSAN COTTER CHIEF EXTERNAL RELATIONS OFFICER 40.00
Highest
$194,637 $23,559 $218,196
JEAN E DUKE SECRETARY/PRESIDENT (NONVOTING) 40.00
Officer
$179,142 $31,106 $210,248
MARK CECCHINI PRESIDENT - CORPORATE SOLUTIONS 40.00
Highest
$147,231 $11,908 $159,139
ELIZABETH TUCKER DIRECTOR OF BUSINESS OPERATIONS 40.00
Highest
$123,319 $26,907 $150,226
DEVIN DAVIDSON DIRECTOR OF ACCOUNTING 40.00
Highest
$123,880 $21,174 $145,054
TREY ACKERMAN TRUSTEE 1.00
Director
$0 $0 $0
THE HONORABLE JAMES H HODGES TRUSTEE 1.00
Director
$0 $0 $0
CARLTON B DALLAS TRUSTEE 1.00
Director
$0 $0 $0
STEVE H GRIMSHAW TRUSTEE 1.00
Director
$0 $0 $0
ROSE BUYCK NEWTON TRUSTEE 1.00
Director
$0 $0 $0
LORI HAIR TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL BRENAN TRUSTEE 1.00
Director
$0 $0 $0
WALTER B TODD TRUSTEE 1.00
Director
$0 $0 $0
JOHN M FLORENCE JR TRUSTEE 1.00
Director
$0 $0 $0
LLOYD E JOHNSON TRUSTEE 1.00
Director
$0 $0 $0
IRIS GRIFFIN TRUSTEE 1.00
Director
$0 $0 $0
D ROGER NANNEY CHAIR 1.00
Officer Director
$0 $0 $0
CHARLES W GARNETT IMMEDIATE PAST CHAIR 1.00
Officer Director
$0 $0 $0
BRUCE FELT VICE CHAIR 1.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $17,296,737 $15,554,873 $173,203,251 $1,741,864
2024 $19,424,232 $13,599,885 $159,371,587 $5,824,347
2023 $14,954,179 $12,016,856 $142,089,289 $2,937,323
2022 $17,993,004 $10,376,415 $128,044,992 $7,616,589
2021 $13,796,191 $7,979,404 $149,946,651 $5,816,787
2020 $17,887,576 $9,304,131 $112,700,208 $8,583,445
2019 $13,744,185 $8,894,286 $113,821,219 $4,849,899
2018 $13,429,484 $7,113,958 $109,578,017 $6,315,526
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