SOUTH CAROLINA STATE UNIVERSITY FOUNDATION INC

EIN: 237113930 501(c)(3)

ORANGEBURG, SC

Total Revenue
$4,951,333
Total Expenses
$3,790,847
Total Assets
$18,886,257
Net Assets
$18,651,337
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1971
Legal Domicile
SC
Principal Officer
STEPHEN V BEATTY
Phone
8035164722
Tax Period
2023-01-01 to 2023-12-31

SOUTH CAROLINA STATE UNIVERSITY FOUNDATION INC, founded in 1971, is a community nonprofit that reported $5.0M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $1.2M, a strong 23% operating margin.

Mission

TO FOSTER AND PROMOTE THE GROWTH OF SOUTH CAROLINA STATE UNIVERSITY BY RECEIVING, INVESTING, AND EXPENDING FUNDS FOR THE EXCLUSIVE BENEFIT OF THE UNIVERSITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,821,538
Program Service Revenue $0
Investment Income $353,242
Other Revenue $-223,447
TOTAL REVENUE $4,951,333

Expense Breakdown

Grants Paid $1,135,972
Salaries & Benefits $342,125
Fundraising Expenses $869
Program Expenses $2,703,911
Other Expenses $2,312,750
TOTAL EXPENSES $3,790,847

Year-over-Year Comparison

2023 2022 Change
Revenue $4,951,333 $5,272,218 -0.1%
Expenses $3,790,847 $3,452,026 +0.1%
Net Income $1,160,486 $1,820,192 -0.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
10
Employees
5
Volunteers
9

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
4
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHEN V BEATTY CHAIR & INTE 17.25
Officer
$0 $0 $0
VERNELL T BROWN TREASURER 3.32
Officer Director
$0 $0 $0
EDWENA L CROWE VICE CHAIR 2.35
Officer Director
$0 $0 $0
ETHELL VEREEN JR SECRETARY 2.12
Officer Director
$0 $0 $0
EDWARD D WILLIAMS EX-OFFICIO D 0.05
Director
$0 $0 $0
GEORGE K QUICK EX-OFFICIO D N/A
Director
$0 $0 $0
ALEXANDER CONYERS EX-OFFICIO D 0.54
Director
$0 $0 $0
HENRY ALLEN EX-OFFICIO D 0.82
Director
$0 $0 $0
DOUGLAS D GANTT EX-OFFICIO D 0.66
Director
$0 $0 $0
ZYAH CEPHUS EX-OFFICIO D N/A
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
2024 No data No data No data No data
2023 $4,951,333 $3,790,847 $18,886,257 $1,160,486
2022 $5,272,218 $3,452,026 $16,297,661 $1,820,192
2021 $4,801,575 $2,401,660 $17,433,357 $2,399,915
2020 $3,118,639 $1,534,545 $14,186,661 $1,584,094
2019 $3,371,876 $2,336,969 $12,290,580 $1,034,907
2018 $2,762,588 $2,513,250 $9,671,849 $249,338
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