2019-12-18T15:23:42-06:00 2019-06-30 570381582 ELLIOTT DAVIS LLCPLLC 100 CALHOUN STREET SUITE 300 CHARLESTON SC 29401 990 2018-07-01 570699317 TRIDENT TECHNICAL COLLEGE FOUNDATION INC TRID 8435746195 PO BOX 61227 CHARLESTON SC 294191227 LISA PICCOLO EXECUTIVE DIRECTOR 8435746195 2019-12-18 1 BRANDON T RENAUD P00743576 8435777040 2019-12-18 75.148.57.234 2019-12-18 09:36:44 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 BF10A30F0078BF130CB72D11C4AB0843E32E5507 2018 2020-04-17 16:48:07Z LISA PICCOLO PO BOX 61227 CHARLESTON SC 294191227 2640780 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. 68 68 0 148 0 0 1313319 1742947 0 0 456244 701217 279839 1605 2049402 2445769 788875 2133875 0 0 0 0 0 0 27558 436024 477807 1224899 2611682 824503 -165913 14501432 14283303 14116 24953 14487316 14258350 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 452817 452817 SCHOLARSHIPS:THE TTC FOUNDATION MADE 358 SCHOLARSHIP AWARDS TOTALING $452,817 IN THE YEAR ENDED JUNE 30, 2019. 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, 2019, THE FOUNDATION ADMINISTERS A TOTAL OF 134 SCHOLARSHIP FUNDS, 35 OF WHICH ARE PERMANENTLY RESTRICTED. 166460 166460 TUITION ASSISTANCE/CREDIT COURSE REIMBURSEMENT PROGRAMS:THE TTC 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, 2019, $166,460 WAS AWARDED AS PART OF THESE PROFESSIONAL DEVELOPMENT PROGRAMS. 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. 119951 119951 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, 2019, A TOTAL OF $119,951 WAS AWARDED IN MINI-GRANT SUPPORT FROM THE FOUNDATION AND COLLEGE. 1549532 1394647 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. 1549532 1394647 2288760 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 1 0 0 0 0 1 0 1 0 1 14 0 1 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 X 68 68 1 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 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 GP DIMINICH GOVERNANCE COMMITTEE CHAIR 4.00 X X 0 0 0 HAROLD W JONES FINANCE AUDIT 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 PAMELA J BROWNING TRUSTEE 2.00 X 0 0 0 FRANK BULLARD TRUSTEE 2.00 X 0 0 0 GEORGE BULLWINKEL II TRUSTEE 2.00 X 0 0 0 RANDY L BYERLY 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 STEVEN GOODMAN 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 S HELMLY 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 HUTCHISON 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 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 KAREN A MCMILLAN TRUSTEE 2.00 X 0 0 0 JOHN JACK M MITCHELL 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 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 SUSAN M STEVENS TRUSTEE 2.00 X 0 0 0 RANDALL C STONEY JR TRUSTEE 2.00 X 0 0 0 CATHERINE L STUHR 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 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 DAVID YARBOROUGH JR TRUSTEE 2.00 X 0 0 0 DAN ZARRILLO TRUSTEE 2.00 X 0 0 0 A J BATLA TRUSTEE EMERITUS 2.00 X 0 0 0 RICHARD K GREGORY TRUSTEE EMERITUS 2.00 X 0 0 0 A L 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 LISA PICCOLO EXECUTIVE DIRECTOR 20.00 20.00 X 82656 70116 37783 82656 70116 37783 0 0 1 0 MARY THORNLEY 41 FORDE ROW CHARLESTON SC 29412 SALARY SUPPLEMENT 122694 1 286697 1456250 552569 1742947 411615 411615 289602 0 289602 289602 289602 196616 286697 195011 1605 1605 2445769 0 0 702822 2133875 2133875 12000 12000 44634 44634 106280 106280 39109 39109 6105 6105 STIPEND 122694 122694 ADMIN SERVICES & FACILI 78842 20191 32617 26034 OTHER EXPENSES 62692 61168 1524 BANK CHARGES 5041 5041 410 410 2611682 2288760 295364 27558 288466 163323 110503 112743 4937271 4812186 28249 27542 9124799 9167509 12144 0 14501432 14283303 14066 9953 50 15000 14116 24953 X 4013993 3021264 8033282 8680965 2440041 2556121 14487316 14258350 14501432 14283303 -165913 -63053 0 X X 0 1 X 1 0 X 1266728 1460759 5300068 1313319 1742947 11083821 1266728 1460759 5300068 1313319 1742947 11083821 4796665 6287156 238675 224218 177054 283815 411615 1335377 422025 411935 276842 279839 1605 1392246 13811444 0.45520 0.44360 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 12000 0 0 0 12000 0 PART II-B, LINE 1: FUNDS USED TO REPRESENT THE INTERESTS OF TRIDENT TECHNICAL COLLEGE AND ITS STUDENTS. 4105297 148338 206226 94911 4364950 3868928 171234 148208 83073 4105297 3338927 203991 397777 71767 3868928 3302006 232863 -102906 93036 3338927 4582687 1306051 -54391 753037 5081310 0.00000 0.58560 0.41440 0 0 0 FIXED INCOME 1971136 F MONEY MARKET 143350 F EQUITIES 5365561 F REAL ESTATE FUNDS 796948 F ALTERNATIVE INVESTMENTS 890514 F 9167509 X 2603494 -63053 265412 202359 2401135 44634 44634 2445769 2832460 265412 265412 2567048 44634 44634 2611682 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, 2019. WINE EVENT 442628 275581 167047 167293 BUBBLES & BLINGO 40685 11115 29570 27718 483313 286696 196617 195011 195011 1606 0 TRIDENT TECHNICAL COLLEGE PO BOX 118067 CHARLESTON SC 29423 570440170 115 2133875 TO PROVIDE PROGRAM ASSISTANCE TO THE COLLEGE. PART I, LINE 2: 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 - SEE 990 PART III, LINE 4B MONITORING GRANTS - GRANTS ARE MONITORED AS REQUESTED BY THE GRANTOR. 0 0 0 0 0 0 0 0 0 LISA PICCOLO EXECUTIVE DIRECTOR 82656 70116 0 0 0 0 0 28611 0 9172 82656 107899 0 0 PART I, LINE 3 THE EXECUTIVE DIRECTOR IS A STATE EMPLOYEE WHOSE SALARY IS SET BY THE STATE LAW. THIS IS ALL HANDLED ENTIRELY BY TRIDENT TECHNICAL COLLEGE, NOT THE FOUNDATION. ANY ADDITIONAL BONUSES OR SALARY ADJUSTMENTS ARE CONSIDERED BY THE EXECUTIVE COMMITTEE BASED ON COMPENSATION TO OTHER SIMILAR POSITIONS. X WINE EVENT - AUCTION ITEMS 183 275581 FMV X BARREL DONATION 1 265412 FMV X BUBBLES & BLINGO - AUCTION ITEMS 63 11115 FMV X GIFT CARDS 3 280 FMV X MISCELLANEOUS 1 100 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 TWO OF THE BOARD MEMBERS ARE RELATED, THEY HAVE A FATHER/SON RELATIONSHIP 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 IF AND WHEN A CONTRACT FOR THE COLLEGE OR FOUNDATION IS UP FOR BID, THE ORGANIZATION MAKES SURE TO INCLUDE, BUT NOT GIVE SPECIAL CONSIDERATION TO ANYONE WHO HOLDS A RELATIONSHIP WITH THE COLLEGE AND/OR FOUNDATION. TRUSTEES WITH A RELATIONSHIP WITH BIDDERS RECUSE THEMSELVES FROM VOTING ON SUCH MATTERS. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR IS A STATE EMPLOYEE WHOSE SALARY IS SET BY THE 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 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 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 TRIDENT TECHNICAL COLLEGE B 2133875 COST