SOUTH CAROLINA RESEARCH FOUNDATION

EIN: 570967350 501(c)(3)

COLUMBIA, SC

Total Revenue
$5,776,984
Total Expenses
$5,721,027
Total Assets
$3,090,852
Net Assets
$335,560
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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
1991
Legal Domicile
SC
Principal Officer
KELLY EPTING
Phone
8037778411
Tax Period
2022-07-01 to 2023-06-30

SOUTH CAROLINA RESEARCH FOUNDATION, founded in 1991, is a community nonprofit that reported $5.8M in total revenue in fiscal year 2022.

Mission

THE SOUTH CAROLINA RESEARCH FOUNDATION OPERATES FOR THE BENEFIT OF, OR TO CARRY OUT THE PURPOSES OF, THE UNIVERSITY OF SOUTH CAROLINA, MEDICAL UNIVERSITY OF SOUTH CAROLINA, CLEMSON UNIVERSITY, PRISMA HEALTH, AND SPARTANBURG REGIONAL HEALTH SYSTEM INCLUDING BUT NOT LIMITED TO PROMOTING, ENCOURAGING, AND AIDING SCIENTIFIC RESEARCH AND INVESTIGATION.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $5,776,984
Investment Income $0
Other Revenue $0
TOTAL REVENUE $5,776,984

Expense Breakdown

Grants Paid $0
Salaries & Benefits $113,198
Fundraising Expenses $0
Program Expenses $5,250,386
Other Expenses $5,607,829
TOTAL EXPENSES $5,721,027

Year-over-Year Comparison

2022 2021 Change
Revenue $5,776,984 $5,813,160 0.0%
Expenses $5,721,027 $5,737,321 0.0%
Net Income $55,957 $75,839 -0.3%
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

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Governance

Voting Members
9
Independent Members
5
Employees
N/A
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
2
$443,886
Total Directors
12
$2,217,705
Key Employees
1
$158,453
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMIRIDIS MICHAEL USC PRESIDENT, 7/1/2022 - 12/31/2022 1.00
Director
$0 $0 $428,422
BLACK DAVID DIRECTOR 1.00
Director
$0 $0 $0
CASKEY JASON EDUCATION FOUNDATION PRESIDENT 1.00
Director
$0 $26,705 $430,935
CUTLER STEPHEN USC DEAN, COLLEGE OF PHARMACY 1.00
Director
$0 $0 $389,496
FREEMAN KESTER BOARD CHAIR 1.00
Director
$24,000 $0 $24,000
FRIDRIKSSON JULIUS USC VP FOR RESEARCH 1.00
Director
$0 $0 $430,749
HARDAWAY CHAD DEPUTY DIRECTOR 2.00
Officer Director
$0 $0 $162,084
JONES DICK USC BOARD OF TRUSTEE MEMBER 1.00
Director
$0 $0 $0
PASTIDES HARRIS USC PRESIDENT, 1/1/2022 - 6/30/2022 1.00
Director
$0 $0 $352,019
QUINN BOB DIRECTOR 1.00
Director
$0 $0 $0
THAMES BRENDA DIRECTOR 1.00
Director
$0 $0 $0
VASUDEVA BHAVNA DIRECTOR 1.00
Director
$0 $0 $0
KIRKLAND WILLIAM EXECUTIVE DIRECTOR 2.00
Officer
$0 $0 $281,802
EPTING KELLY CFO 5.60
Key Emp
$0 $0 $158,453
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 No data No data No data No data
2023 $5,776,984 $5,721,027 $3,090,852 $55,957
2022 $5,813,160 $5,737,321 $3,435,168 $75,839
2021 $143,401,410 $143,456,860 $47,441,220 $-55,450
2020 $168,376,547 $168,613,136 $14,485,016 $-236,589
2019 $244,579,425 $244,218,323 $43,018,264 $361,102
2018 $94,423,772 $94,727,916 $158,824,216 $-304,144
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