2021-11-12T13:00:29-06:00 2021-06-30 570381582 ELLIOTT DAVIS LLCPLLC 500 EAST MOREHEAD STREET SUITE 700 CHARLOTTE NC 28202 990 2020-07-01 570699317 TRIDENT TECHNICAL COLLEGE FOUNDATION INC TRID 8435746195 PO BOX 61227 CHARLESTON SC 294191227 LISA PICCOLO EXECUTIVE DIRECTOR 8435746195 2021-11-12 1 LISA PICCOLO 999009999 JANICE A RATICA P00358837 7043338881 2021-11-12 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z LISA PICCOLO PO BOX 61227 CHARLESTON SC 294191227 3565711 0 X WWW.TRIDENTTECH.EDU/SUPPORTING_TTC.HTM X 1975 SC THE TRIDENT TECHNICAL COLLEGE FOUNDATION RAISES FUNDS FOR THE COLLEGE TO SUPPORT THE REGION'S ECONOMY BY FOSTERING LOCAL BUSINESS RELATIONSHIPS AND CREATING AWARENESS OF TTC'S MISSION. ADDITIONALLY, THE FOUNDATION PROVIDES SCHOLARSHIPS TO STUDENTS, CLASSROOM EQUIPMENT AND MATERIALS TO FACULTY/STAFF AND ENCOURAGES AND PROMOTES PROFESSIONAL DEVELOPMENT TO FACULTY/STAFF THROUGH TUITION AND CREDIT COURSE ASSISTANCE. THE FOUNDATION OPERATES INDEPENDENTLY OF THE COLLEGE AS A 501 (C)(3) NON-PROFIT CORPORATION. 67 67 0 586 0 0 1002928 2512101 0 0 256163 608237 278220 158649 1537311 3278987 969031 1192097 0 0 0 0 0 0 26937 446539 451853 1415570 1643950 121741 1635037 14487511 18273766 41688 104748 14445823 18169018 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 427798 427798 STUDENT SCHOLARSHIPS:THE FOUNDATION MADE 434 SCHOLARSHIP AWARDS TOTALING $427,798 IN THE YEAR ENDED JUNE 30, 2021. 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, 2021, THE FOUNDATION ADMINISTERED A TOTAL OF 135 SCHOLARSHIP FUNDS, 37 OF WHICH ARE PERMANENTLY RESTRICTED. 109179 109179 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, 2021, $109,179 WAS AWARDED AS PART OF THESE PROFESSIONAL DEVELOPMENT PROGRAMS, RESPECTIVELY. THE FOUNDATION WILL PAY FOR TUITION AND REQUIRED BOOKS FOR ONE COURSE 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. 0 0 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, 2021, THERE WERE NO MINI-GRANTS AWARDED. 796299 655120 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. 796299 655120 1333276 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 0 0 0 0 0 0 1 0 1 0 1 8 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 0 1 1 1 1 1 1 1 0 SC X LISA PICCOLO 8435746195 7000 RIVERS AVE BLDG 900 CHARLESTON SC 29406 LISA PICCOLO EXECUTIVE DIRECTOR 20.00 20.00 X 84733 72733 42338 KARENA BELL 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 ROBERT COLLINS 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 WILLIAM A FINN TRUSTEE 2.00 X 0 0 0 KEVIN FRANK TRUSTEE 2.00 X 0 0 0 DAVID GINN TRUSTEE 2.00 X 0 0 0 JOHN S GOETTEE TRUSTEE 2.00 X 0 0 0 DOROTHY G HARRISON TRUSTEE 2.00 X 0 0 0 DOUGLAS HORNBERGER 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 HAROLD W JONES 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 PETER 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 JEREMY ROSS TRUSTEE 2.00 X 0 0 0 MICHAEL SCARAFILE 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 HARRY STALEY TRUSTEE 2.00 X 0 0 0 ALLISON STONEY 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 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 CHRISTOPHER B FRASER CHAIR 4.00 X X 0 0 0 TAMMY COGHILL VICE CHAIR 4.00 X X 0 0 0 ROBERT C SEIDLER IMMEDIATE PAST CHAIR AND N 4.00 X X 0 0 0 ANDREA D LIMEHOUSE TREASURER 4.00 X X 0 0 0 ROBERT BALDWIN INVESTMENT CHAIR 4.00 X X 0 0 0 MARY GRAHAM ADVOCACY COMMITTEE CHAIR 4.00 X X 0 0 0 DEBORAH CAMPEAU DEVELOPMENT/FUNDRAISING CO 4.00 X X 0 0 0 DAWN ROBINSON FINANCE AUDIT COMMITTEE CH 4.00 X X 0 0 0 GP DIMINICH GOVERNANCE COMMITTEE CHAIR 4.00 X X 0 0 0 JEFF SPICER AT-LARGE 4.00 X X 0 0 0 STUART D WHITESIDE AT-LARGE 4.00 X X 0 0 0 84733 72733 42338 0 0 1 0 MARY THORNLEY 41 FORDE ROW CHARLESTON SC 29412 SERVICES RENDERED IN SUPPORT OF THE FOUN 122694 1 15750 2496351 4250 2512101 310368 310368 573535 275666 297869 297869 297869 169707 15750 11058 158649 158649 3278987 0 0 766886 X 1192097 1192097 12001 12001 69354 69354 227819 122694 105125 34378 34378 7557 7557 ADMIN SERVICES & FACILI 77942 18485 34919 24538 OTHER EXPENSES 17796 15397 2399 BANK CHARGES 5006 5006 1643950 1333276 283737 26937 242632 214229 112777 532824 4160887 4149148 28291 27648 9942924 13349917 14487511 18273766 38688 101748 3000 3000 41688 104748 X 3215930 4597402 11229893 13571616 14445823 18169018 14487511 18273766 1635037 2088158 0 X X 0 1 X 1 0 X 5300068 1313319 1742947 1002928 2512101 11871363 5300068 1313319 1742947 1002928 2512101 11871363 4976757 6894606 177054 283815 411615 314588 310368 1497440 276842 279839 1605 278220 158649 995155 14363958 0.48000 0.44490 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. 4455944 128705 1104963 132500 5557112 4364950 122351 59193 90550 4455944 4105297 148338 206226 94911 4364950 3868928 171234 148208 83073 4105297 3338927 203991 397777 71767 3868928 0.00000 0.51200 0.48800 0 0 0 FIXED INCOME 2423067 F MONEY MARKET 470931 F EQUITIES 7783054 F REAL ESTATE FUNDS 1720982 F ALTERNATIVE INVESTMENTS 951883 F 13349917 X 5297791 2088158 2088158 3209633 69354 69354 3278987 1574596 0 1574596 69354 69354 1643950 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, 2021. WINE EVENT 185457 15750 169707 11058 185457 15750 169707 11058 11058 158649 1 TRIDENT TECHNICAL COLLEGE PO BOX 118067 CHARLESTON SC 29423 570440170 115 1192097 TO PROVIDE PROGRAM ASSISTANCE TO THE COLLEGE. 1 0 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 84733 72733 0 0 0 0 0 32562 0 9776 84733 115071 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. 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 THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY WHICH IS MONITORED REGULARY. IN THE EVENT THAT A POTENTIAL CONFLICT SHALL ARISE DURING THE YEAR, THE INTERESTED TRUSTEE SHALL RECUSE HIMSELF/HERSELF 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 105,125. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 105,125. 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 796344 COST