South Carolina Universities Research & Education Foundation

EIN: 570880832 501(c)(3)

Aiken, SC

Total Revenue
$3,292,243
Total Expenses
$3,358,212
Total Assets
$307,815
Net Assets
$248,194
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
SC
Principal Officer
LADONNA HALL
Phone
8036424187
Tax Period
2024-07-01 to 2025-06-30

South Carolina Universities Research & Education Foundation, founded in 1988, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum.

Mission

THE FOUNDATION IS ORGANIZED AND OPERATES AS A SUPPORT ORGANIZATION PRIMARILY TO PROVIDE ASSISTANCE TO CLEMSON UNIVERSITY, UNIVERSITY OF SOUTH CAROLINA, AND UNIVERSITY OF SOUTH CAROLINA AIKEN IN THEIR SEPARATE AND JOINT EFFORTS TO PROVIDE RESEARCH TO VARIOUS GOVERNMENT AGENCIES SUCH AS THE DEPARTMENT OF ENERGY, SAVANNAH RIVER NUCLEAR SOLUTIONS, DEPARTMENT OF HOMELAND SECURITY, ETC. TO THIS END, THE FOUNDATION OPERATES EXCLUSIVELY FOR THE BENEFIT OF, OR TO CARRY OUT THE PURPOSE OF, THE MEMBER UNIVERSITIES, INCLUDING, BUT NOT LIMITED TO:(1) PROVIDING FISCAL, CUSTODIAL AND ACCOUNTING SERVICES IN CONNECTION WITH UNIVERSITY RESEARCH, AND GENERALLY ASSISTING IN THE ADMINISTRATION AND COORDINATION OF EDUCATIONAL ACTIVITIES AND RESEARCH PERFORMED BY THE MEMBER UNIVERSITIES;(2) GENERALLY ENCOURAGING FINANCIAL ASSISTANCE AND PUBLIC SUPPORT FOR UNIVERSITY RESEARCH AND EDUCATION;(3) INTERFACING WITH CUSTOMER BASE ON BEHALF OF MEMBER UNIVERSITIES TO ASSIST IN ACQUIRING FUNDING FOR VARIOUS RESEARCH A

Program Service Accomplishments

Program 1
Expenses: $1,242,291 Revenue: $123,612

RICKOVER FELLOWSHIP PROGRAM (NRLF) - THE FOUNDATION ENTERED INTO CONTRACT DE-NR0000633 WITH THE U.S. DEPARTMENT OF ENERGY NAVAL REACTORS LABORATORY FIELD OFFICE. THESE GRANT FUNDS ARE TO BE USED IN...

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RICKOVER FELLOWSHIP PROGRAM (NRLF) - THE FOUNDATION ENTERED INTO CONTRACT DE-NR0000633 WITH THE U.S. DEPARTMENT OF ENERGY NAVAL REACTORS LABORATORY FIELD OFFICE. THESE GRANT FUNDS ARE TO BE USED IN THE SUPPORT OF RESEARCH AND DEVELOPMENT, EQUIPMENT UPGRADES, AND STUDENT FINANCIAL SUPPORT. THESE FUNDS MAY PROVIDE FOR: SALARIES, MATERIALS,SUPPLIES, EQUIPMENT, TRAVEL, PUBLICATION COSTS, SUPPORTING COSTS REQUIRED FOR TECHNICAL ACTIVITIES, MARKET ANALYSES, FINANCING PLANS, AND OTHER ACTIVITIES NECESSARY TO ACHIEVE THE PROGRAM'S OBJECTIVE.

Program 2
Expenses: $950,596 Revenue: $94,852

U.S. DEPARTMENT OF ENERGY - NUCLEAR ENERGY ADVISORY COMMITTEE PROGRAM ("DOE/PMIS") - THE FOUNDATION ENTERED INTO CONTRACT DOE0638-1022-06 WITH THE U.S. DEPARTMENT OF ENERGY-IDAHO. THESE GRANT FUNDS...

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U.S. DEPARTMENT OF ENERGY - NUCLEAR ENERGY ADVISORY COMMITTEE PROGRAM ("DOE/PMIS") - THE FOUNDATION ENTERED INTO CONTRACT DOE0638-1022-06 WITH THE U.S. DEPARTMENT OF ENERGY-IDAHO. THESE GRANT FUNDS ARE TO BE USED IN THE SUPPORT OF DESIGN, DEVELOPMENT, PLANNING, AND EXECUTIION OF VARIOUS MEETINGS FOR THE DOE/PMIS. THESE FUNDS MAY PROVIDE FOR: SALARIES, MATERIALS, SUPPLIES, TRAVEL, AND OTHER SUPPORTING COSTS AS DETERMINED NECESSARY BY THE PROGRAM.

Program 3
Expenses: $858,614 Revenue: $95,132

SAVANNAH RIVER NUCLEAR SOLUTIONS (BOA139) - THE FOUNDATION ENTERED INTO A SUBCONTRACT WITH SAVANNAH RIVER NUCLEAR SOLUTIONS. THE FOUNDATION PROVIDES RESEARCH AND DEVELOPMENT AND TRAINING SERVICES TO...

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SAVANNAH RIVER NUCLEAR SOLUTIONS (BOA139) - THE FOUNDATION ENTERED INTO A SUBCONTRACT WITH SAVANNAH RIVER NUCLEAR SOLUTIONS. THE FOUNDATION PROVIDES RESEARCH AND DEVELOPMENT AND TRAINING SERVICES TO SUPPORT THE SITE'S ENVIRONMENTAL RESTORATION, WASTE MANAGEMENT, TECHNOLOGY TRANSFER, ECONOMIC DEVELOPMENT, EDUCATION AND TRAINING MISSIONS, AND ACTIVITIES RELATED TO NEW MISSIONS AT THE SITE.

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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 $2,978,647
Program Service Revenue $313,596
Investment Income $0
Other Revenue $0
TOTAL REVENUE $3,292,243

Expense Breakdown

Grants Paid $0
Salaries & Benefits $619,310
Fundraising Expenses $0
Program Expenses $3,051,501
Other Expenses $2,738,902
TOTAL EXPENSES $3,358,212

Year-over-Year Comparison

2024 2023 Change
Revenue $3,292,243 $2,730,907 +0.2%
Expenses $3,358,212 $2,678,019 +0.3%
Net Income $-65,969 $52,888 -2.2%
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
5
Independent Members
5
Employees
4
Volunteers
N/A

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
1
$189,196
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Craig Williamson COO 40.00
Officer
$189,196 $0 $189,196
Travis Knight Trustee 1.00
Director
$0 $0 $0
Tanju Karanfil Trustee 1.00
Director
$0 $0 $0
Elbert R Malone Trustee 1.00
Director
$0 $0 $0
Tiffany Boyd Trustee 1.00
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 $3,292,243 $3,358,212 $307,815 $-65,969
2024 $2,730,907 $2,678,019 $628,410 $52,888
2023 $2,079,433 $2,069,129 $296,166 $10,304
2022 $222,425 $299,943 $441,838 $-77,518
2022 $2,289,190 $2,311,573 $282,676 $-22,383
2021 $2,208,324 $2,407,373 $556,555 $-199,049
2020 $2,428,857 $2,776,722 $911,999 $-347,865
2019 $2,803,811 $2,851,329 $1,052,724 $-47,518
2018 $3,069,597 $3,276,950 $1,135,985 $-207,353
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