2021-03-22T20:22:18-05:00 2020-06-30 570381582 ELLIOTT DAVIS LLCPLLC 500 EAST MOREHEAD STREET SUITE 700 CHARLOTTE NC 28202 990 2019-07-01 570699317 TRIDENT TECHNICAL COLLEGE FOUNDATION INC TRID 8435746195 PO BOX 61227 CHARLESTON SC 294191227 LISA PICCOLO EXECUTIVE DIRECTOR 8435746195 2021-03-22 1 JANICE A RATICA P00358837 7043338881 2021-02-16 2019 2022-09-23 18:48:47Z LISA PICCOLO PO BOX 61227 CHARLESTON SC 294191227 8484545 0 X WWW.TRIDENTTECH.EDU/SUPPORTING_TTC.HTM X 1975 SC 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. 67 67 0 289 0 0 1742947 1002928 0 0 701217 256163 1605 278220 2445769 1537311 2133875 969031 0 0 0 0 0 0 28345 477807 446539 2611682 1415570 -165913 121741 14283303 14487511 24953 41688 14258350 14445823 X 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. 0 0 339473 339473 STUDENT SCHOLARSHIPS:THE FOUNDATION MADE 342 SCHOLARSHIP AWARDS TOTALING $339,473 IN THE YEAR ENDED JUNE 30, 2020. 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, 2020, THE FOUNDATION ADMINISTERED A TOTAL OF 152 SCHOLARSHIP FUNDS, 38 OF WHICH ARE PERMANENTLY RESTRICTED. 140223 140223 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 YEAR ENDED JUNE 30, 2020, $140,223 WAS AWARDED AS PART OF THESE PROFESSIONAL DEVELOPMENT PROGRAMS, RESPECTIVELY. THE FOUNDATION WILL PAY FOR TUITION AND REQUIRED BOOKS FOR UP TO FOUR SEMESTER CREDIT HOURS PER SEMESTER FOR ANY COLLEGE COURSE FOR WHICH AN EMPLOYEE IS QUALIFIED AND UP TO $500 PER FISCAL YEAR FOR ANY COLLEGE CONTINUING EDUCATION COURSE FOR WHICH AN EMPLOYEE IS QUALIFIED. CREDIT COURSE ASSISTANCE WILL REIMBURSE FULL-TIME PERMANENT EMPLOYEES $200 PER COURSE (BASED ON SUCCESSFUL COMPLETION AND GRADE OF A OR B) AT AN OUTSIDE INSTITUTION FOR TUITION, BOOKS AND FEES. AN EMPLOYEE MAY RECEIVE UP TO $1,000 DURING A SINGLE FISCAL YEAR FOR REIMBURSEMENT OF A MAXIMUM OF FIVE COURSES. ALL PROGRAMS REQUIRE SUPERVISOR AND VICE PRESIDENT APPROVAL. 122640 122640 MINI-GRANTS:THE MINI-GRANT PROGRAM PROVIDES FUNDS TO FACULTY AND STAFF FOR EQUIPMENT, MATERIALS AND SPECIAL RESOURCES TO ENHANCE STUDENT SUCCESS. PRIORITY IS GIVEN TO REQUESTS THAT DIRECTLY IMPACT STUDENT LEARNING. THE PROGRAM IS DESIGNED TO ENHANCE THE LEARNING EXPERIENCE OF COLLEGE STUDENTS WHILE BRIDGING THE GAP BETWEEN INSTRUCTIONAL NEEDS AND DEPARTMENTAL BUDGET CONSTRAINTS. THE FOUNDATION BOARD DETERMINES THE ANNUAL ALLOCATION FOR MINI-GRANT AWARDS. INDIVIDUAL AWARDS CANNOT EXCEED $1,600 AND ARE AWARDED BASED ON A COMPETITIVE APPLICATION PROCESS. SOURCES OF FINANCIAL SUPPORT FOR THE MINI-GRANT PROGRAM INCLUDE THE FOUNDATION'S ANNUAL CAMPAIGN, TRUSTEE CAMPAIGN, EMPLOYEE CAMPAIGN AND INVESTMENT RETURNS. FOR THE FISCAL YEAR ENDED JUNE 30, 2020, A TOTAL OF $122,640 WAS AWARDED IN MINI-GRANT SUPPORT FROM THE FOUNDATION AND COLLEGE. 522198 366695 OTHER PROGRAM EXPENSES INCLUDE 1) RESTRICTED GRANTS - GIFTS RECEIVED FROM OTHER FOUNDATIONS AND CORPORATIONS TO BE USED WITHIN A DEFINED TIME PERIOD FOR SPECIFIC PURPOSES WHICH INCLUDE EQUIPMENT, CURRICULUM DEVELOPMENT OR SHORT TERM WORKFORCE TRAINING. 2) STUDENT URGENT NEEDS FUND - TO ASSIST STUDENTS IN GOOD STANDING WHO EXPERIENCE AN UNFORESEEN FINANCIAL EMERGENCY WHICH WOULD OTHERWISE PREVENT THEM FROM CONTINUING TO ATTEND THE COLLEGE. 3) UNRESTRICTED FUNDS - THE FOUNDATION HOLDS FUNDS THAT SUPPORT A VARIETY OF ACADEMIC PROGRAMS AND SPECIAL PROJECTS. 522198 366695 1124534 1 1 0 1 0 0 0 0 0 1 0 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 1 0 1 21 0 1 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 X 67 67 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 SC X X LISA PICCOLO 8435746195 7000 RIVERS AVE BLDG 900 CHARLESTON SC 29406 LISA PICCOLO EXECUTIVE DIRECTOR 20.00 20.00 X 83459 71458 40823 ROBERT C SEIDLER CHAIR 4.00 X X 0 0 0 CHRISTOPHER B FRASER VICE CHAIR AND INVESTMENT COMMITTEE CHAIR 4.00 X X 0 0 0 ROBERT O COLLINS JR IMMEDIATE PAST CHAIR AND NOMINATING COMMITTEE CHAI 4.00 X X 0 0 0 ANDREA D LIMEHOUSE TREASURER 4.00 X X 0 0 0 DAVID T GINN ADVOCACY COMMITTEE CHAIR 4.00 X X 0 0 0 GEOFF SCHULER DEVELOPMENT/FUNDRAISING COMMITTEE CO-CHAIR 4.00 X X 0 0 0 DEBORAH CAMPEAU DEVELOPMENT/FUNDRAISING COMMITTEE CO-CHAIR 4.00 X X 0 0 0 HAROLD W JONES FINANCE AUDIT COMMITTEE CHAIR 4.00 X X 0 0 0 GP DIMINICH GOVERNANCE COMMITTEE CHAIR 4.00 X X 0 0 0 ROBERT BALDWIN TRUSTEE 2.00 X 0 0 0 JAMES BENNER TRUSTEE 2.00 X 0 0 0 GARY BREWER TRUSTEE 2.00 X 0 0 0 PAMELA J BROWNING TRUSTEE 2.00 X 0 0 0 PATRICK BRYANT TRUSTEE 2.00 X 0 0 0 JOHN J CAPITAN JR TRUSTEE 2.00 X 0 0 0 CHARLES S CARMODY TRUSTEE 2.00 X 0 0 0 DWAYNE R CARTWRIGHT TRUSTEE 2.00 X 0 0 0 TAMMY COGHILL TRUSTEE 2.00 X 0 0 0 RUSSELL B CORBIN TRUSTEE 2.00 X 0 0 0 WILLIAM E CRAVER III TRUSTEE 2.00 X 0 0 0 DAVID L DUNLAP TRUSTEE 2.00 X 0 0 0 DAVE ECHOLS TRUSTEE 2.00 X 0 0 0 SHELLY EICHER TRUSTEE 2.00 X 0 0 0 CAROL S ETHERIDGE TRUSTEE 2.00 X 0 0 0 WILLIAM A FINN TRUSTEE 2.00 X 0 0 0 KEVIN FRANK TRUSTEE 2.00 X 0 0 0 JOHN S GOETTEE TRUSTEE 2.00 X 0 0 0 JAMEE HALEY TRUSTEE 2.00 X 0 0 0 WILLIAM A HALL SR TRUSTEE 2.00 X 0 0 0 DOROTHY G HARRISON TRUSTEE 2.00 X 0 0 0 WILLIAM C HUDSON TRUSTEE 2.00 X 0 0 0 CAROLYN HUNTER-HEYWARD TRUSTEE 2.00 X 0 0 0 D JERMAINE HUSSER TRUSTEE 2.00 X 0 0 0 LEONARD L HUTCHINSON III TRUSTEE 2.00 X 0 0 0 ANTHONY JACKSON TRUSTEE 2.00 X 0 0 0 B THOMAS KAYS TRUSTEE 2.00 X 0 0 0 CYNTHIA KEATON TRUSTEE 2.00 X 0 0 0 BRYAN KIZER TRUSTEE 2.00 X 0 0 0 MARK A LATTANZIO TRUSTEE 2.00 X 0 0 0 PATER LEHMAN TRUSTEE 2.00 X 0 0 0 ANTHONY J MARK TRUSTEE 2.00 X 0 0 0 JOHN W MOLONY TRUSTEE 2.00 X 0 0 0 BRUCE D MURDY TRUSTEE 2.00 X 0 0 0 BARBARA NWOKIKE TRUSTEE 2.00 X 0 0 0 ANTHONY H POPE TRUSTEE 2.00 X 0 0 0 JOHN RAMA TRUSTEE 2.00 X 0 0 0 DAWN ROBINSON TRUSTEE 2.00 X 0 0 0 GINA SHULER TRUSTEE 2.00 X 0 0 0 NANCY C SNOWDEN TRUSTEE 2.00 X 0 0 0 JEFF SPICER TRUSTEE 2.00 X 0 0 0 HARRY STALEY TRUSTEE 2.00 X 0 0 0 RANDELL C STONEY JR TRUSTEE 2.00 X 0 0 0 FRANCES TOWNSEND TRUSTEE 2.00 X 0 0 0 GEORGE L TUPPER JR TRUSTEE 2.00 X 0 0 0 CLARA C VARGA-GONZALES TRUSTEE 2.00 X 0 0 0 HARRY WHITE JR TRUSTEE 2.00 X 0 0 0 STUART D WHITESIDE TRUSTEE 2.00 X 0 0 0 ALVIN WILLIAMS TRUSTEE 2.00 X 0 0 0 MELVIN WILLIAMS TRUSTEE 2.00 X 0 0 0 DAN ZARRILLO TRUSTEE 2.00 X 0 0 0 AJ BATLA TRUSTEE EMERITUS 2.00 X 0 0 0 RICHARD K GREGORY TRUSTEE EMERITUS 2.00 X 0 0 0 AL HUTCHINSON JR TRUSTEE EMERITUS 2.00 X 0 0 0 THOMAS A MAYBERRY TRUSTEE EMERITUS 2.00 X 0 0 0 JAMES C MURRAY TRUSTEE EMERITUS 2.00 X 0 0 0 SAMUEL STEINBERG TRUSTEE EMERITUS 2.00 X 0 0 0 DAVID B YARBOROUGH TRUSTEE EMERITUS 2.00 X 0 0 0 83459 71458 40823 0 0 1 0 MARY THORNLEY 41 FORDE ROW CHARLESTON SC 29412 SERVICES RENDERED IN SUPPORT OF THE FOUN 122694 1 114711 888217 119551 1002928 314588 314588 6711935 6770360 -58425 -58425 -58425 455094 114711 176874 278220 278220 1537311 0 0 534383 X 969031 969031 12001 12001 45629 45629 230394 122694 107700 3987 3987 43943 43943 7910 7910 ADMIN SERVICES & FACILI 82078 20808 34457 26813 OTHER EXPENSES 20597 19065 1532 1415570 1124534 262691 28345 163323 242632 112743 112777 4812186 4160887 27542 28291 9167509 9942924 14283303 14487511 9953 38688 15000 3000 24953 41688 X 3021264 3215930 11237086 11229893 14258350 14445823 14283303 14487511 121741 65732 0 X X 0 1 X 1 0 X 1460759 5300068 1313319 1742947 1002928 10820021 1460759 5300068 1313319 1742947 1002928 10820021 4823504 5996517 224218 177054 283815 411615 314588 1411290 411935 276842 279839 1605 278220 1248441 13479752 0.44490 0.45520 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 12001 0 0 0 12001 0 PART II-B, LINE 1: FUNDS USED TO REPRESENT THE INTERESTS OF TRIDENT TECHNICAL COLLEGE AND ITS STUDENTS. 4364950 122351 59193 90550 4455944 4105297 148338 206226 94911 4364950 3868928 171234 148208 83073 4105297 3338927 203991 397777 71767 3868928 3302006 232863 -102906 93036 3338927 0.00000 0.89700 0.10300 0 0 0 FIXED INCOME 2329017 F MONEY MARKET 813108 F EQUITIES 4684627 F REAL ESTATE FUNDS 1026324 F ALTERNATIVE INVESTMENTS 1089848 F 9942924 X 1557414 65732 65732 1491682 45629 45629 1537311 1369941 0 1369941 45629 45629 1415570 PART V, LINE 4: THE INTEREST EARNED ON ENDOWED FUNDS HELPS SUPPORT THE OPERATIONAL BUDGET OF THE FOUNDATION. ENDOWED FUNDS ALSO SHOW THAT DONORS TRUST THE ORGANIZATION AND BELIEVE IN THE LONGEVITY OF THE FOUNDATION. PART X, LINE 2: MANAGEMENT EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE FOR THE YEARS ENDED JUNE 30, 2020. WINE EVENT 569805 114711 455094 176874 569805 114711 455094 176874 176874 278220 1 TRIDENT TECHNICAL COLLEGE PO BOX 118067 CHARLESTON SC 29423 570440170 115 969031 TO PROVIDE PROGRAM ASSISTANCE TO THE COLLEGE. 1 PART I, LINE 2: THE FOUNDATION MAINTAINS DOCUMENTATION ON GRANTS MADE TO THE COLLEGE. FURTHER, THE FOUNDATION IS INVOLVED IN THE PROCESS OF AWARDING SCHOLARSHIPS. SCHOLARSHIPS ARE ELECTRONICALLY APPLIED FOR BY EACH INDIVIDUAL STUDENT. THE COMPUTER SYSTEM COMPARES THE DATA PER THE APPLICATION TO THE SCHOLARSHIP CRITERIA AND IDENTIFIES THE QUALIFIED APPLICANTS. A COMMITTEE THEN REVIEWS THE SELECTION OF STUDENTS WHO HAVE QUALIFIED FOR EACH SCHOLARSHIP AND SELECTS THE WINNING STUDENTS. THE MONEY FOR EACH SCHOLARSHIP IS PUT ON THE STUDENTS ACCOUNT FOR THE FOLLOWING SEMESTER CREDIT COURSE AND TUITION REIMBURSEMENT. 0 0 0 0 0 0 0 0 0 LISA PICCOLO EXECUTIVE DIRECTOR 83459 71458 0 0 0 0 0 31046 0 9777 83459 112281 0 0 PART I, LINE 3 THE EXECUTIVE DIRECTOR IS AN EMPLOYEE OF TRIDENT TECHNICAL COLLEGE, A STATE INSTITUTION. THEREFORE, COMPENSATION IS SET AND LIMITED BY STATE LAW. ANY ADDITIONAL BONUSES OR SALARY ADJUSTMENTS ARE CONSIDERED BY THE EXECUTIVE COMMITTEE BASED ON COMPENSATION TO OTHER SIMILAR POSITIONS. WILLIAM A HALL SR BOARD MEMBER 25042 SERVICES 0 SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF PERSON: WILLIAM A. HALL, SR. (D) DESCRIPTION OF TRANSACTION: HALL'S SIGNATURE EVENTS, OWNED BY WILLIAM A. HALL, SR., PROVIDED CATERING SERVICES FOR THE OPENING OF THE SC AERONAUTICAL TRAINING CENTER. THE TRANSACTION WAS NEGOTIATED AT ARM'S LENGTH AND IS AT FAIR MARKET VALUE. X 1 4500 FMV X WINE EVENT - AUCTION ITEMS 166 114711 FMV X GIFT CARDS 2 340 FMV 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE REVIEWS AND APPROVES THE 990 PRIOR TO ITS RELEASE, AND THEN IT IS MADE AVAILABLE TO THE ENTIRE BOARD. FORM 990, PART VI, SECTION B, LINE 12C IN THE EVENT THAT A POTENTIAL CONFLICT SHALL ARISE DURING THE YEAR, THE INTERESTED TRUSTEE SHALL RECUSE HIMSELF/HERSELT FROM ALL DISCUSSIONS AND/OR VOTE. FORM 990, PART VI, SECTION B, LINE 15 ALL EMPLOYEES WHO PERFORM SERVICES FOR THE FOUNDATION ARE EMPLOYED BY TRIDENT TECHNICAL COLLEGE, A STATE INSTITUTION. THERFORE, COMPENSATION IS SET AND LIMITED BY STATE LAW. ANY ADDITIONAL BONUSES OR SALARY ADJUSTMENTS ARE CONSIDERED BY THE EXECUTIVE COMMITTEE BASED ON COMPENSATION TO OTHER SIMILAR POSITIONS. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 107,700. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 107,700. STIPEND: PROGRAM SERVICE EXPENSES 122,694. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 122,694. FORM 990, PART XII, LINE 2C THE FOUNDATION HAS AN AUDIT COMMITTEE THAT ASSUMES THE RESPONSIBLITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. TRIDENT TECHNICAL COLLEGE PO BOX 118067 CHARLESTON SC 29423 570440170 EMPOWERING INDIVIDUALS THROUGH EDUCATION AND TRAINING SC 115 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 TRIDENT TECHNICAL COLLEGE B 1061772 COST