CLEMSON UNIVERSITY LAND STEWARDSHIP FOUNDATION INC: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- CLEMSON UNIVERSITY LAND STEWARDSHIP FOUNDATION INC (EIN 84-3970393)
- Tax period
- 2022-07-01 to 2023-06-30
- Filed
- 2024-05-10
- IRS object ID
- 202411319349304246
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-05-10T15:48:03-05:00 | ReturnTs |
| Tax Period End | 2023-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 882730877 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHERRY BEKAERT ADVISORY LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 110 EAST COURT STREET SUITE 500 | AddressLine1Txt |
| City | GREENVILLE | CityNm |
| State Abbreviation | SC | StateAbbreviationCd |
| ZIP | 29601 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 843970393 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLEMSON UNIVERSITY LAND STEWARDSHIP | BusinessNameLine1Txt |
| Business Name Line2 | FOUNDATION INC | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CLEM | BusinessNameControlTxt |
| Phone | 8646561289 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1889 | AddressLine1Txt |
| City | CLEMSON | CityNm |
| State Abbreviation | SC | StateAbbreviationCd |
| ZIP | 296331889 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | M KAREN MCCAULEY | PersonNm |
| Person Title | PRESIDENT & CEO | PersonTitleTxt |
| Phone | 8646561289 | PhoneNum |
| Signature | 2024-05-08 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | M | PersonFirstNm |
| Person Last | KAREN MCCAULEY | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | AMY DOSIK | PreparerPersonNm |
| PTIN | P00890743 | PTIN |
| Phone | 8642333981 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | M KAREN MCCAULEY | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 155 OLD GVILLE HWY 105 | AddressLine1Txt |
| City | CLEMSON | CityNm |
| State Abbreviation | SC | StateAbbreviationCd |
| ZIP | 29631 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $7,345,287 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | CLEMSON.EDU/GIVING/CUFOUNDATIONS/STRUCTURE/CULSF | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2019 | FormationYr |
| Legal Domicile State | SC | LegalDomicileStateCd |
| Activity Or Mission | THE CLEMSON UNIVERSITY LAND STEWARDSHIP FOUNDATION SUPPORTS CLEMSON UNIVERSITY THROUGH DEVELOPMENT ACTIVITIES ASSOCIATED WITH REAL PROPERTY AND ECONOMIC DEVELOPMENT. | ActivityOrMissionDesc |
| Voting Members Governing Body | 11 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 11 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 11 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,710,332 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $5,165,840 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $5,595,587 | CYProgramServiceRevenueAmt |
| PY Investment Income | $64,074 | PYInvestmentIncomeAmt |
| CY Investment Income | $39,368 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $5,229,914 | PYTotalRevenueAmt |
| CY Total Revenue | $7,345,287 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $10,000 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $0 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $4,253,165 | PYOtherExpensesAmt |
| CY Other Expenses | $4,333,358 | CYOtherExpensesAmt |
| PY Total Expenses | $4,263,165 | PYTotalExpensesAmt |
| CY Total Expenses | $4,333,358 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $966,749 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $3,011,929 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $114,091,034 | TotalAssetsBOYAmt |
| Total Assets EOY | $121,798,578 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $65,700,542 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $70,396,157 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $48,390,492 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $51,402,421 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO RECEIVE AND MANAGE REAL PROPERTY AND RELATED ASSETS FOR THE BENEFIT OF CLEMSON UNIVERSITY THROUGH ACTIVE DEVELOPMENT, LEASING AND MANAGEMENT AND TO SOLICIT GIFTS IN SUPPORT OF THIS PURPOSE. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $3,900,082 | ExpenseAmt |
| Revenue | $5,595,587 | RevenueAmt |
| Desc | REAL ESTATE MANAGEMENT AND DEVELOPMENT - DEVELOPMENT AND MANAGEMENT OF REAL ESTATE INCLUDING ACADEMIC AND INDUSTRIAL SPACE FOCUSED ON AUTOMOTIVE DESIGN AND ENGINEERING. THIS COMBINED ACADEMIC AND ECONOMIC DEVELOPMENT EFFORT IS IN DIRECT SUPPORT OF THE MISSION OF CLEMSON UNIVERSITY. | Desc |
| Total Program Service Expenses | $3,900,082 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | Yes (1) | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (1) | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | Yes (1) | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 20 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 11 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 11 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | SC | StatesWhereCopyOfReturnIsFldCd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LISA MARCUS DIRECTOR ARO | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8646561873 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 391 COLLEGE AVENUE STE 302 | AddressLine1Txt |
| City | CLEMSON | CityNm |
| State Abbreviation | SC | StateAbbreviationCd |
| ZIP | 29634 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (16 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|---|
| JOHN S WHITAKER | |||||||
| CHAIR | 2.00 | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| STEPHEN F HUTCHINSON | |||||||
| VICE CHAIR | 2.00 | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| GEORGE J BULLWINKEL III | |||||||
| DIRECTOR | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | |
| DAVID E DUKES | |||||||
| DIRECTOR | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | |
| DANIEL B PATTILLO JR | |||||||
| DIRECTOR | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | |
| CHRISTOPHER J PERRI | |||||||
| DIRECTOR | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | |
| MARK S RICHARDSON | |||||||
| DIRECTOR | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | |
| G GRAHAM SEGARS JR | |||||||
| DIRECTOR | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | |
| WILLIAM C SMITH JR | |||||||
| DIRECTOR | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | |
| F BOGUE WALLIN | |||||||
| DIRECTOR | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | |
| JONATHON P WEITZ | |||||||
| DIRECTOR | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | |
| M KAREN MCCAULEY | |||||||
| PRESIDENT & CEO | 3.00 | 2.00 | Yes (X) | $0 | $0 | $0 | |
| APRIL S PURVIS | |||||||
| SECRETARY | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | |
| ALICE EVATT | |||||||
| TREASURER THRU 4/1/23 | 2.00 | 1.00 | Yes (X) | $0 | $0 | $0 | |
| JASON PRZYBYLA | |||||||
| ASSISTANT SECRETARY & TREASURER | 24.50 | 8.00 | Yes (X) | $0 | $51,992 | $17,600 | |
| REGINA STEELE | |||||||
| TREASURER FROM 4/1/23 | 3.00 | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $51,992 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $17,600 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (4 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| PROJECT ONE MASTER OWNERS ASSOCIATION | |||||
| PO BOX 2567 | GREENVILLE | SC | 29602 | PROPERTY MGMT. SERVICES | $189,753 |
| THE BUDD GROUP INC | |||||
| PO BOX 890856 | CHARLOTTE | NC | 28289 | CUSTODIAL SERVICES | $158,205 |
| COLLIERS INT'L OF SC HOLDINGS | |||||
| PO BOX 11610 | COLUMBIA | SC | 29211 | REAL ESTATE SERVICES | $126,552 |
| SIGNAL 88 | |||||
| PO BOX 8246 | OMAHA | NE | 68108 | SECURITY SERVICES | $107,025 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 4 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $1,710,332 | GovernmentGrantsAmt |
| Total Contributions | $1,710,332 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| RENTAL REVENUES | 531110 | $5,392,325 | $5,392,325 |
| RE SERVICES TO SUPPORT | 531110 | $170,343 | $170,343 |
| MANAGEMENT FEE | 531310 | $30,000 | $30,000 |
| DIRECT FINANCING LEASE | 531310 | $2,919 | $2,919 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $5,595,587 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $39,368 | TotalRevenueColumnAmt |
| Exclusion | $39,368 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $7,345,287 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $5,595,587 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $39,368 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $26,578 | TotalAmt |
| Program Services | $26,578 | ProgramServicesAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,836 | TotalAmt |
| Management And General | $17,836 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $559,489 | TotalAmt |
| Program Services | $559,489 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,193 | TotalAmt |
| Management And General | $3,193 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,004 | TotalAmt |
| Management And General | $5,004 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,236,474 | TotalAmt |
| Program Services | $1,236,474 | ProgramServicesAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,857 | TotalAmt |
| Management And General | $8,857 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,594,049 | TotalAmt |
| Program Services | $1,594,049 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $229,186 | TotalAmt |
| Program Services | $25,683 | ProgramServicesAmt |
| Management And General | $203,503 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $120,878 | TotalAmt |
| Program Services | $89,992 | ProgramServicesAmt |
| Management And General | $30,886 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | SHARED SERVICES | Desc |
| Total | $531,814 | TotalAmt |
| Program Services | $367,817 | ProgramServicesAmt |
| Management And General | $163,997 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,333,358 | TotalAmt |
| Program Services | $3,900,082 | ProgramServicesAmt |
| Management And General | $433,276 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,006,420 | BOYAmt |
| EOY | $1,503,542 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,180,565 | BOYAmt |
| EOY | $3,358,178 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $160,401 | BOYAmt |
| EOY | $831,884 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $13,572,238 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $2,321,110 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $99,985,626 | BOYAmt |
| EOY | $11,251,128 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $95,592,648 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,758,022 | BOYAmt |
| EOY | $9,261,198 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $114,091,034 | BOYAmt |
| EOY | $121,798,578 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $174,528 | BOYAmt |
| EOY | $1,016,647 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $356,272 | BOYAmt |
| EOY | $86,711 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $42,150,048 | BOYAmt |
| EOY | $46,201,925 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,019,694 | BOYAmt |
| EOY | $23,090,874 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $65,700,542 | BOYAmt |
| EOY | $70,396,157 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $48,390,492 | BOYAmt |
| EOY | $51,402,421 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $48,390,492 | BOYAmt |
| EOY | $51,402,421 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $114,091,034 | BOYAmt |
| EOY | $121,798,578 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $3,011,929 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | Yes (X) | SupportingOrganization509a3Ind |
| Supporting Org Type3 Func Int | Yes (X) | SupportingOrgType3FuncIntInd |
| IRS Written Determination | Yes (X) | IRSWrittenDeterminationInd |
| Supported Organizations | 1 | SupportedOrganizationsCnt |
Supported Org Information SupportedOrgInformationGrp
Supported Organization Name SupportedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLEMSON UNIVERSITY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 576000254 | EIN |
| Organization Type | 6 | OrganizationTypeCd |
| Governing Document Listed | Yes (1) | GoverningDocumentListedInd |
| Support | $0 | SupportAmt |
| Other Support | $0 | OtherSupportAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supported Organizations Total | 1 | SupportedOrganizationsTotalCnt |
| Support Sum | $0 | SupportSumAmt |
| Other Support Sum | $0 | OtherSupportSumAmt |
Form990 Sch A Supporting Org Form990SchASupportingOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Listed By Name Governing Doc | Yes (1) | ListedByNameGoverningDocInd |
| Suprt Org No IRS Determination | 0 | SuprtOrgNoIRSDeterminationInd |
| Supported Org Section C456 | 0 | SupportedOrgSectionC456Ind |
| Supported Org Not Organized US | 0 | SupportedOrgNotOrganizedUSInd |
| Organization Change Suprt Org | 0 | OrganizationChangeSuprtOrgInd |
| Support Non Supported Org | 0 | SupportNonSupportedOrgInd |
| Payment Substantial Contribtr | 0 | PaymentSubstantialContribtrInd |
| Loan Disqualified Person | 0 | LoanDisqualifiedPersonInd |
| Controlled Disqualified Prsn | 0 | ControlledDisqualifiedPrsnInd |
| Disqualified Prsn Controll Int | 0 | DisqualifiedPrsnControllIntInd |
| Disqualified Prsn Ownr Int | 0 | DisqualifiedPrsnOwnrIntInd |
| Excess Business Holdings Rules | 0 | ExcessBusinessHoldingsRulesInd |
| Contribution Controller | 0 | ContributionControllerInd |
| Contribution Family | 0 | ContributionFamilyInd |
| Contribution35 Controlled | 0 | Contribution35ControlledInd |
Form990 Sch A Type3 Sprt Org All Form990SchAType3SprtOrgAllGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timely Provided Documents | Yes (1) | TimelyProvidedDocumentsInd |
| Officers Close Relationship | Yes (1) | OfficersCloseRelationshipInd |
| Supported Org Voice Investment | Yes (1) | SupportedOrgVoiceInvestmentInd |
Form990 Sch A Type3 Func Int Form990SchAType3FuncIntGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activities Test | Yes (X) | ActivitiesTestInd |
| Activities Further Exempt Prps | Yes (1) | ActivitiesFurtherExemptPrpsInd |
| Activities Engaged Org Invlmnt | Yes (1) | ActivitiesEngagedOrgInvlmntInd |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE A, PART IV, SECTION D, LINE 3: | THE BYLAWS OF THE FOUNDATION PROVIDE THAT 3 OF ITS 11 DIRECTORS BE APPOINTED BY THE BOARD OF TRUSTEES OF CLEMSON UNIVERSITY. THE OFFICERS AND DIRECTORS MAINTAIN A CLOSE AND CONTINUOUS WORKING RELATIONSHIP WITH THE OFFICERS AND TRUSTEES OF THE UNIVERSITY. EXAMPLES OF SUCH CLOSE AND CONTINUOUS WORKING RELATIONSHIP ARE (I) THE STATED PURPOSE OF THE CORPORATION IN ITS ARTICLES AND BYLAWS, (II) THE CORPORATION'S DEDICATION OF EXCLUSIVITY OF SUPPORT DURING ITS EXISTENCE AND UPON DISSOLUTION TO THE UNIVERSITY, AND (III) THE UNIVERSITY'S BOARD OF TRUSTEES ABILITY TO APPOINT DIRECTORS TO THE BOARD OF CULSF. THE CORPORATION'S BYLAWS ADDITIONALLY REQUIRE THE AFFIRMATIVE VOTE OF 2/3RDS OF ALL VOTING DIRECTORS FOR CERTAIN KEY DECISIONS. ALL THESE NOTICES AND APPROVALS GRANTED TO THE UNIVERSITY ARE DESIGNED TO ENSURE BOTH A CLOSE AND CONTINUOUS WORKING RELATIONSHIP BETWEEN THE ORGANIZATIONS AND THAT THE UNIVERSITY HAS A SIGNIFICANT VOICE IN THE USE OF THE INCOME AND ASSETS OF CULSF. |
| SCHEDULE A, PART IV, SECTION E, LINE 2A: | THE BYLAWS OF CULSF PROVIDE FOR THE OVERARCHING PURPOSE AND OBJECTIVE OF THE ORGANIZATION TO CARRY OUT THE PURPOSES OF CLEMSON UNIVERSITY. SECTION 2.1 OF THE BYLAWS SPECIFY THAT CULSF SHALL AT ALL TIMES BE OPERATED, EXCLUSIVELY FOR THE BENEFIT OF, OR TO CARRY OUT THE PURPOSES OF CLEMSON UNIVERSITY. IN ADDITION, IN SECTION 2.2 OF THE BYLAWS CULSF'S OBJECTIVES ARE CLEARLY DEFINED TO SUPPORT CLEMSON UNIVERSITY DIRECTLY AND/OR THROUGH THE CLEMSON UNIVERSITY FOUNDATION. |
| SCHEDULE A, PART IV, SECTION E, LINE 2B: | CULSF HAS BEEN ESTABLISHED, INDEPENDENTLY, TO SUPPORT THE UNIVERSITY IN EXECUTING ITS EDUCATIONAL AND RESEARCH MISSION OF PROMOTING TECHNOLOGICAL AND ECONOMIC GROWTH IN THE STATE AND IS ANTICIPATED TO BECOME AN INTEGRAL COMPONENT OF THE UNIVERSITY. DUE TO LEGAL AND PRACTICAL CONSTRAINTS ON THE UNIVERSITY, CERTAIN INNOVATIVE RESEARCH AND TECHNOLOGY DEVELOPMENT MODELS WILL BE MORE READILY EXECUTABLE BY CULSF. IT IS ANTICIPATED THAT CULSF WILL BE WELL-POSITIONED TO PURSUE STRATEGIC ALLIANCES, JOINT VENTURES, AND OTHER COLLABORATIONS WITH BOTH NOT-FOR-PROFIT AND FOR-PROFIT ENTITIES WHO MAY NOT WISH TO PARTNER DIRECTLY WITH STATE AGENCIES. THESE ACTIVITIES DIRECTLY FURTHER THE UNIVERSITY'S EDUCATIONAL, RESEARCH AND DEVELOPMENT MISSIONS, AND MANY OF THESE ARE ACTIVITIES THAT, BUT FOR CULSF'S INVOLVEMENT, WOULD NORMALLY BE ENGAGED IN BY THE UNIVERSITY ITSELF. |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preservation Public Use | Yes (X) | PreservationPublicUseInd |
| Total Easements | 1 | TotalEasementsCnt |
| Total Acreage | 754.00 | TotalAcreageCnt |
| Historic Structure Easements | 0 | HistoricStructureEasementsCnt |
| Historic Strctr Easements Aftr | 0 | HistoricStrctrEasementsAftrCnt |
| Modified Easements | 0 | ModifiedEasementsCnt |
| States Easements Held | 1 | StatesEasementsHeldCnt |
| Written Policy Monitoring | Yes (1) | WrittenPolicyMonitoringInd |
| Staff Hours Spent Enforcement | 104.00 | StaffHoursSpentEnforcementCnt |
| Expenses Incurred Enforcement | $500,000 | ExpensesIncurredEnforcementAmt |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $8,570,067 | OtherCostOrOtherBasisAmt |
| Book Value | $8,570,067 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $4,233,563 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,751,427 | DepreciationAmt |
| Book Value | $2,482,136 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $394,779 | OtherCostOrOtherBasisAmt |
| Depreciation | $364,420 | DepreciationAmt |
| Book Value | $30,359 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $19,514 | OtherCostOrOtherBasisAmt |
| Depreciation | $19,514 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $354,315 | OtherCostOrOtherBasisAmt |
| Depreciation | $185,749 | DepreciationAmt |
| Book Value | $168,566 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $11,251,128 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | REAL PROPERTY | Desc |
| Book Value | $95,592,648 | BookValueAmt |
| Method Valuation | C | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $95,592,648 | TotalBookValueProgramRltdAmt |
Other Assets Org OtherAssetsOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| DIRECT FINANCING LEASE | $8,446,267 |
| DEVELOPMENT COSTS | $814,931 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $9,261,198 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| DUE TO CLEMSON UNIVERSITY FDTN. | $22,872,906 |
| UNEARNED REVENUE | $108,248 |
| DEPOSITS HELD FOR OTHERS | $109,720 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $23,090,874 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $7,345,287 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Not Reported | $0 | RevenueNotReportedAmt |
| Revenue Subtotal | $7,345,287 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $7,345,287 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $4,333,358 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $4,333,358 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $4,333,358 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART II, LINE 9: | THROUGH JUNE 30, 2017, INCLUDED IN THE LAND WAS 853.53 ACRES OF TIMBERLAND IN CAMDEN, SOUTH CAROLINA THAT HAD AN APPRAISED VALUE OF $7,750,000. THE FOUNDATION SOLD APPROXIMATELY 100 ACRES OF THE LAND DURING THE YEAR ENDED JUNE 30, 2018, RESULTING IN 754.09 REMAINING ACRES OF TIMBERLAND WITH AN APPRAISED VALUE OF $7,493,067. THE FOUNDATION HAS ASSIGNED A CONSERVATION EASEMENT REQUIRING THE LAND REMAIN IN ITS UNDEVELOPED STATE EXCEPT FOR CONSTRUCTION, OPERATION, AND MANAGEMENT OF FACILITIES FOR EDUCATIONAL PURPOSES. AT JUNE 30, 2023 AND 2022, THE MARKET VALUE WAS COMPRISED OF LAND AT $1,936,067 AND A CONSERVATION EASEMENT AT $5,557,000 BOTH OF WHICH ARE INCLUDED IN LAND. |
| PART X, LINE 2: | THE FOUNDATION'S POLICY IS TO RECORD A LIABILITY FOR ANY TAX POSITION TAKEN THAT IS BENEFICIAL TO THE FOUNDATION, INCLUDING ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE LIKELY THAN NOT THE POSITION TAKEN BY MANAGEMENT WITH RESPECT TO A TRANSACTION OR CLASS OF TRANSACTIONS WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT BELIEVES THAT THERE ARE NO SUCH POSITIONS AS OF JUNE 30, 2023 AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 7A | THREE DIRECTORS SHALL BE APPOINTED BY THE BOARD OF TRUSTEES OF CLEMSON UNIVERSITY AND TWO DIRECTORS SHALL BE APPOINTED BY THE BOARD OF DIRECTORS OF CLEMSON UNIVERSITY FOUNDATION. |
| FORM 990, PART VI, SECTION B, LINE 11B | FORM 990 IS SENT TO ALL BOARD MEMBERS FOR REVIEW AND COMMENT PRIOR TO FILING. IT IS DISCUSSED AND REVIEWED IN DEPTH BY THE FINANCE COMMITTEE. |
| FORM 990, PART VI, SECTION B, LINE 12C | BOARD MEMBERS AND OFFICERS ARE REQUIRED TO ANNUALLY COMPLETE AND SIGN A CONFLICT OF INTEREST STATEMENT DISCLOSING ANY INTERESTS WHICH MAY BE CONSIDERED AS A CONFLICT RELATIVE TO BUSINESS DEALINGS OR BOARD ACTIONS. THESE ANNUAL STATEMENTS ARE REVIEWED AND ANY CONFLICTS ACKNOWLEDGED. IN THE EVENT OF A CONFLICT, THE INDIVIDUAL INVOLVED WILL ABSTAIN FROM BOARD ACTIONS WHERE CONFLICTS ARE DEEMED TO BE PRESENT. REVIEW OF ANY POTENTIALLY CONFLICTED BUSINESS DEALINGS IS PERFORMED TO ENSURE APPROPRIATENESS AND 'ARM'S LENGTH' NEGOTIATIONS AND PRICING. |
| FORM 990, PART VI, SECTION B, LINE 15 | CLEMSON UNIVERSITY LAND STEWARDSHIP FOUNDATION HAS NO EMPLOYEES. COMPENSATION OF THE CEO AND OTHER OFFICERS IS DETERMINED BY THE HUMAN RESOURCES COMMITTEE OF THE BOARD OF DIRECTORS OF CLEMSON UNIVERSITY FOUNDATION. THIS PROCESS INCLUDES AN ANALYSIS OF COMPARABLE POSITION DATA AT SIMILAR INSTITUTIONS AND CONSIDERATION OF THE STANDARDIZED CLASSIFICATION AND COMPENSATION PROCESS FOR THESE POSITIONS AS DETERMINED BY CLEMSON UNIVERSITY'S OFFICE OF HUMAN RESOURCES UNDER THE ESTABLISHED GUIDELINES OF THE STATE OF SOUTH CAROLINA. THE PROCESS IS DOCUMENTED, AND ACTIONS MEMORIALIZED AS A PART OF THE PERMANENT MINUTES OF BOTH THE CLEMSON UNIVERSITY FOUNDATION HUMAN RESOURCES COMMITTEE AND THE FULL BOARD OF DIRECTORS. CLEMSON UNIVERSITY LAND STEWARDSHIP FOUNDATION IS CONSULTED ANNUALLY REGARDING CEO AND OFFICER PERFORMANCE AND IS INFORMED OF AND RATIFIES ANY COMPENSATION CHANGES. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE FOUNDATION'S WEBSITE IS (WWW.CLEMSON.EDU/GIVING/CUFOUNDATIONS/STRUCTURE/CULSF/). THIS WEBSITE DISPLAYS LINKS TO GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, IRS FORM 990 AND THE CONFLICT OF INTEREST POLICY. |
| FORM 990, PART VII, HOURS FOR RELATED ORGANIZATIONS: | THE FOLLOWING INDIVIDUALS RECEIVED COMPENSATION FROM CLEMSON UNIVERSITY (A RELATED ORGANIZATION) WHICH INCLUDED AN AMOUNT FOR SERVICES TO CLEMSON UNIVERSITY FOUNDATION ("CUF"). CUF IS A RELATED ORGANIZATION OF CLEMSON UNIVERSITY BUT NOT CULSF. THEREFORE, THEIR HOURS RELATED TO CUF HAVE NOT BEEN REPORTED ON THIS RETURN IN THE BOX FOR HOURS FOR RELATED ORGANIZATIONS BUT THESE INDIVIDUALS GENERALLY WORK 37.5 HOURS PER WEEK IN TOTAL. M KAREN MCCAULEY APRIL S PURVIS ALICE C EVATT JASON M PRZYBYLA |
| FORM 990, PART IX, LINE 11G | CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 528,057. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 528,057. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 31,432. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 31,432. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|
| LICAR LLC | |||||||||
| 5 RESEARCH DRIVE | GREENVILLE | SC | 29607 | 261304801 | REAL ESTATE DEVELOPMENT | SC | $6,658,267 | $99,092,260 | CLEMSON UNIVERSITY LAND STEWARDSHIP FOUNDATION |
| LICAM LLC | |||||||||
| 5 RESEARCH DRIVE | GREENVILLE | SC | 29607 | 261304847 | PROPERTY MANAGEMENT | SC | $170,343 | $90,209 | CLEMSON UNIVERSITY LAND STEWARDSHIP FOUNDATION |
| CULSF ONE | |||||||||
| 155 OLD GREENVILLE HIGHWAY 105 | CLEMSON | SC | 29631 | 371704145 | PROPERTY MANAGEMENT | SC | $355,305 | $8,690,133 | CLEMSON UNIVERSITY LAND STEWARDSHIP FOUNDATION |
| CULSF TWO | |||||||||
| 155 OLD GREENVILLE HIGHWAY 105 | CLEMSON | SC | 29631 | 843558628 | PROPERTY MANAGEMENT | SC | $0 | $0 | CLEMSON UNIVERSITY LAND STEWARDSHIP FOUNDATION |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Direct Controlling NADirectControllingNACd | Controlled OrganizationControlledOrganizationInd | Public Charity StatusPublicCharityStatusTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CLEMSON UNIVERSITY | |||||||||||
| 108 PERIMETER ROAD | CLEMSON | SC | 29634 | 576000254 | RESEARCH UNIVERSITY | SC | 170(C)(1) | N/A | 0 | ||
| CLEMSON UNIVERSITY REAL ESTATE FOUNDATION | |||||||||||
| PO BOX 1889 | CLEMSON | SC | 296331889 | 570933257 | RECEIVES, MANAGES, AND INVESTS GIFTS OF REAL ESTATE FOR CU AND CUF | SC | 501(C)(3) | 0 | LINE 12A, I | CLEMSON UNIVERSITY AND CLEMSON UNIVERSITY FOUNDATION | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | Yes (1) | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (3 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| CLEMSON UNIVERSITY | ||
| J | $1,595,261 | BOOK |
| CLEMSON UNIVERSITY | ||
| L | $177,426 | BOOK |
| CLEMSON UNIVERSITY | ||
| O | $531,814 | BOOK |