TRIDENT TECHNICAL COLLEGE FOUNDATION INC

EIN: 570699317 501(c)(3) Education

CHARLESTON, SC

Total Revenue
$3,084,889
Total Expenses
$1,411,322
Total Assets
$21,498,638
Net Assets
$21,297,004
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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
SC
Principal Officer
LISA PICCOLO
Phone
8435746195
Tax Period
2023-07-01 to 2024-06-30

TRIDENT TECHNICAL COLLEGE FOUNDATION INC, founded in 1975, is a community nonprofit in the Education sector that reported $3.1M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.7M, a strong 54% operating margin.

Mission

ESTABLISHED IN 1975, THE TRIDENT TECHNICAL COLLEGE FOUNDATION EXISTS TO ADVOCATE AND RAISE FUNDS FOR THE COLLEGE TO SUPPORT THE REGION'S ECONOMY. THE FOUNDATION OPERATES INDEPENDENTLY OF THE COLLEGE AS A 501(C)(3) NONPROFIT CORPORATION.

Program Service Accomplishments

Program 1
Expenses: $466,717

STUDENT SCHOLARSHIPS:THE FOUNDATION MADE 476 AND 458 SCHOLARSHIP AWARDS TOTALING $466,717 AND $412,751 IN THE YEARS ENDED JUNE 30, 2024 AND 2023, RESPECTIVELY. SCHOLARSHIPS HELP OFFSET THE COST OF...

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STUDENT SCHOLARSHIPS:THE FOUNDATION MADE 476 AND 458 SCHOLARSHIP AWARDS TOTALING $466,717 AND $412,751 IN THE YEARS ENDED JUNE 30, 2024 AND 2023, RESPECTIVELY. SCHOLARSHIPS HELP OFFSET THE COST OF TUITION, FEES, BOOKS, CHILDCARE, AND TRANSPORTATION FOR ELIGIBLE STUDENTS. THE SCHOLARSHIP FUNDS, SUPPORTED BY INDIVIDUALS, BUSINESSES, AND OTHER FOUNDATIONS, ARE COMPETITIVE AND BASED ON CRITERIA ESTABLISHED BY THE DONORS AND THE FOUNDATION. AS OF JUNE 30, 2024, THE FOUNDATION ADMINISTERED A TOTAL OF 152 SCHOLARSHIP FUNDS, 46 OF WHICH ARE PERMANENTLY RESTRICTED. AS OF JUNE 30, 2023, THE FOUNDATION ADMINISTERED A TOTAL OF 145 SCHOLARSHIP FUNDS, 38 OF WHICH ARE PERMANENTLY RESTRICTED.

Program 2
Expenses: $14,487

TUITION ASSISTANCE/CREDIT COURSE REIMBURSEMENT PROGRAMS:THE FOUNDATION PROVIDES FINANCIAL SUPPORT, UP TO AN ANNUALLY BUDGETED AMOUNT, FOR FULL-TIME PERMANENT EMPLOYEES OF THE COLLEGE TO TAKE CREDIT...

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TUITION ASSISTANCE/CREDIT COURSE REIMBURSEMENT PROGRAMS:THE FOUNDATION PROVIDES FINANCIAL SUPPORT, UP TO AN ANNUALLY BUDGETED AMOUNT, FOR FULL-TIME PERMANENT EMPLOYEES OF THE COLLEGE TO TAKE CREDIT OR CONTINUING EDUCATION COURSES AT THE COLLEGE OR OTHER ACCREDITED INSTITUTIONS OF HIGHER EDUCATION. ALL PROGRAMS ARE BASED ON AVAILABILITY OF FUNDS. FOR THE FISCAL YEARS ENDED JUNE 30, 2024 AND 2023, $14,487 AND $6,869 WERE AWARDED AS PART OF THESE PROFESSIONAL DEVELOPMENT PROGRAMS, RESPECTIVELY.

Program 3

MINI-GRANTS:THE MINI-GRANT PROGRAM PROVIDES FUNDS TO FACULTY AND STAFF FOR EQUIPMENT, MATERIALS AND SPECIAL RESOURCES TO ENHANCE STUDENT SUCCESS. THE PROGRAM IS DESIGNED TO ENHANCE THE LEARNING...

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MINI-GRANTS:THE MINI-GRANT PROGRAM PROVIDES FUNDS TO FACULTY AND STAFF FOR EQUIPMENT, MATERIALS AND SPECIAL RESOURCES TO ENHANCE STUDENT SUCCESS. THE PROGRAM IS DESIGNED TO ENHANCE THE LEARNING EXPERIENCE OF COLLEGE STUDENTS WHILE BRIDGING THE GAP BETWEEN INSTRUCTIONAL NEEDS AND DEPARTMENTAL BUDGET CONSTRAINTS. INDIVIDUAL AWARDS ARE UP TO $1,600 AND ARE AWARDED BASED ON A COMPETITIVE APPLICATION PROCESS. FOR THE FISCAL YEARS ENDED JUNE 30, 2024 AND 2023, THERE WERE NO MINI-GRANTS APPLIED FOR OR AWARDED.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,989,852
Program Service Revenue $0
Investment Income $192,169
Other Revenue $-97,132
TOTAL REVENUE $3,084,889

Expense Breakdown

Grants Paid $884,252
Salaries & Benefits $0
Fundraising Expenses $41,416
Program Expenses $1,027,884
Other Expenses $527,070
TOTAL EXPENSES $1,411,322

Year-over-Year Comparison

2023 2022 Change
Revenue $3,084,889 $2,697,473 +0.1%
Expenses $1,411,322 $1,257,511 +0.1%
Net Income $1,673,567 $1,439,962 +0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
56
Independent Members
56
Employees
N/A
Volunteers
584

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
11
$11,495
Total Directors
56
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KARENA BELL FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
PAMELA J BROWNING FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
ROBERT O COLLINS FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
RUSSELL B CORBIN FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
WILLIAM E CRAVER III FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
DAVID M ECHOLS FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
SHELLY S EICHER FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
WILLIAM A FINN FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
KEVIN F FRANK FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
DAVID T GINN FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
DOROTHY G HARRISON FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
DOUGLAS C HORNBERGER FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
WILLIAM C HUDSON FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
LEONARD L HUTCHISON III FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
ANDREA LIMEHOUSE FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
HAROLD W JONES FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
B T KAYS FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
BRYAN D KIZER FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
MARK A LATTANZIO FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
PETER O LEHMAN FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
BARBARA R NWOKIKE FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
ANTHONY H POPE FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
JOHN C RAMA FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
JEREMY ROSS FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL C SCARAFILE FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
GINA T SHULER FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
HARRY L STALEY FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
ALLISON D STONEY FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
GEORGE L TUPPER JR FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
ALVIN WILLIAMS FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
JAMES GREEN FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
KEVIN ROURK FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
STEVE STRICKLAND FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
DANIEL ZARRILLO FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
ROBERT C SEIDLER FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
JEFF S SPICER FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
ANTHONY JACKSON FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
JESSE JONES FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
PAT FORSBERRY FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
SPENCER PRYOR FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
SAMUEL STEINBERG FOUNDATION TRUSTEE EMERITU 1.00
Director
$0 $0 $0
DAVID B YARBOROUGH FOUNDATION TRUSTEE EMERITU 1.00
Director
$0 $0 $0
AUGUST J BATLA FOUNDATION TRUSTEE EMERITU 1.00
Director
$0 $0 $0
RICHARD K GREGORY FOUNDATION TRUSTEE EMERITU 1.00
Director
$0 $0 $0
THOMAS A MAYBERRY FOUNDATION TRUSTEE EMERITU 1.00
Director
$0 $0 $0
JAMES C MURRAY FOUNDATION TRUSTEE EMERITU 1.00
Director
$0 $0 $0
TAMMY L COGHILL CHAIR 2.00
Officer Director
$0 $0 $0
GIAMPIERO DIMINICH VICE CHAIR AND GOVERNANCE 2.00
Officer Director
$0 $0 $0
CHRIS B FRASER IMM. PAST CHAIR AND NOMINATING 2.00
Officer Director
$0 $0 $0
MARY R GRAHAM ADVOCACY COMMITTEE CHAIR 2.00
Officer Director
$0 $0 $0
DEB CAMPEAU DEVELOPMENT/FRIENDRAISING 2.00
Officer Director
$0 $0 $0
DAWN H ROBINSON FINANCE/AUDIT COM. CHAIR 2.00
Officer Director
$0 $0 $0
ROBERT M BALDWIN TREASURER, INVEST. COM. CHAIR 2.00
Officer Director
$0 $0 $0
PATRICK BRYANT AT-LARGE 2.00
Officer Director
$0 $0 $0
STUART D WHITESIDE AT-LARGE 2.00
Officer Director
$0 $0 $0
MELVIN C WILLIAMS AT-LARGE 2.00
Officer Director
$0 $0 $0
LISA PICCOLO SECRETARY 40.00
Officer
$11,495 $0 $11,495
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 No data No data No data No data
2024 $3,084,889 $1,411,322 $21,498,638 $1,673,567
2023 $2,697,473 $1,257,511 $17,963,466 $1,439,962
2022 $2,012,247 $1,948,893 $16,450,007 $63,354
2021 $3,278,987 $1,643,950 $18,273,766 $1,635,037
2020 $1,537,311 $1,415,570 $14,487,511 $121,741
2019 $2,445,769 $2,611,682 $14,283,303 $-165,913
2018 $2,049,402 $1,224,899 $14,501,432 $824,503
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