SOUTH CAROLINA STATE UNIVERSITY FO… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1971

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $2,703,911

RECEIVE, INVEST, AND EXPEND FUNDS FOR THE EXCLUSIVE BENEFIT OF THE UNIVERSITY. DURING THE CURRENT YEAR, THE FOUNDATION MADE GRANTS TO THE UNIVERSITY SO THAT THE UNIVERSITY WAS ABLE TO PROVIDE...

RECEIVE, INVEST, AND EXPEND FUNDS FOR THE EXCLUSIVE BENEFIT OF THE UNIVERSITY. DURING THE CURRENT YEAR, THE FOUNDATION MADE GRANTS TO THE UNIVERSITY SO THAT THE UNIVERSITY WAS ABLE TO PROVIDE SCHOLARSHIPS TO STUDENTS.

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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%)

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

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

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

Total Directors

Key Employees

Highest Compensated

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

SOUTH CAROLINA STATE UNIVERSITY FOUNDATION INC