2017-11-15T10:43:35-06:00 2017-06-30 570381582 ELLIOTT DAVIS LLC PLLC 100 CALHOUN STREET SUITE 300 CHARLESTON SC 29401 990 2016-07-01 570699317 TRIDENT TECHNICAL COLLEGE FOUNDATION INC TRID 8435746195 PO BOX 61227 CHARLESTON SC 294191227 ANDREA LIMEHOUSE TREASURER 8435746195 2017-11-13 1 BRANDON T RENAUD P00743576 8435777040 165.225.34.81 2017-11-13 10:10:22 ES P 2C4721C6B1CA4E4BA0525C42AF0C911096884368 69053594381EC1A2E37DBA4393AB299717D53FD6 2016 2018-03-14 21:41:22Z ANDREA LIMEHOUSE PO BOX 61227 CHARLESTON SC 294191227 6569486 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 0 142 0 0 1460759 5300068 0 0 -27292 796153 411935 276842 1845402 6373063 1524396 1580430 0 0 0 0 0 0 48175 309664 364594 1834060 1945024 11342 4428039 9415379 13687067 299913 77808 9115466 13609259 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 340178 340178 SCHOLARSHIPSTHE TRIDENT TECHNICAL COLLEGE FOUNDATION MADE 274 SCHOLARSHIP AWARDS TOTALING $340,178 IN THE 2016-17 FISCAL YEAR. 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 6/30/17, THE FOUNDATION ADMINISTERS A TOTAL OF 123 SCHOLARSHIP FUNDS, 28 OF WHICH ARE PERMANENTLY RESTRICTED. 135493 135493 TUITION ASSISTANCE/CREDIT COURSE REIMBURSEMENT PROGRAMSTHE TTC FOUNDATION PROVIDES FINANCIAL SUPPORT, UP TO AN ANNUALLY BUDGETED AMOUNT, FOR FULL-TIME PERMANENT EMPLOYEES OF THE COLLEGE TO TAKE CREDIT COURSES AT TTC OR OTHER ACCREDITED INSTITUTIONS OF HIGHER EDUCATION. ALL PROGRAMS ARE BASED ON AVAILABILITY OF FUNDS. FOR THE FISCAL YEAR 2016-17, $135,493 WAS AWARDED AS PART OF THESE PROFESSIONAL DEVELOPMENT PROGRAMS. THE TTC FOUNDATION WILL PAY FOR TUITION AND REQUIRED BOOKS FOR UP TO FOUR SEMESTER CREDIT HOURS PER TERM FOR ANY TTC COURSE FOR WHICH AN EMPLOYEE IS QUALIFIED AND UP TO $500 PER FISCAL YEAR FOR ANY TTC 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). FOR CREDIT COURSE REIMBURSEMENT, 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. 119804 119804 MINI-GRANTSTHE 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 IN THE CLASSROOM. THE PROGRAM IS DESIGNED TO ENHANCE THE LEARNING EXPERIENCE OF TTC 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 2016-17 FISCAL YEAR, $119,804 WAS AWARDED IN MINI-GRANT SUPPORT FROM THE FOUNDATION AND COLLEGE. 1095593 984955 OTHER PROGRAM EXPENSES INCLUDE 1) RESTRICTED GRANTS - GIFTS RECEIVED FROM OTHER FOUNDATION 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 EMERGENCY FUND - TO ASSIST STUDENTS IN GOOD STANDING WHO EXPERIENCE AN UNFORESEEN FINANCIAL EMERGENCY WHICH WOULD OTHERWISE PREVENT THEM FROM CONTINUING TO ATTEND THE COLLEGE. THE MAXIMUM GRANT AMOUNT PER STUDENT IS $500, AND 3) UNRESTRICTED FUNDS - THE FOUNDATION HOLDS FUNDS THAT SUPPORT A VARIETY OF ACADEMIC PROGRAMS AND SPECIAL PROJECTS. 1095593 984955 1691068 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 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 1 27 0 1 0 0 0 0 0 1 1 1 1 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 KIMBERLEY HALLIN 8435746195 7000 RIVERS AVE BLDG 900 CHARLESTON SC 29406 ROBERT O COLLINS JR CHAIR 4.00 X X 0 0 0 ROBERT C SEIDLER VICE CHAIR AND STRATEGIC P 4.00 X X 0 0 0 CAROLYN D HUNTER IMMEDIATE PAST CHAIR 4.00 X X 0 0 0 ANDREA D LIMEHOUSE TREASURER 4.00 X X 0 0 0 STEVEN R PRICE ALUMNI RELATIONS CHAIR 4.00 X X 0 0 0 JOHN W MOLONY NOMINATING COMMITTEE CHAIR 4.00 X X 0 0 0 DAVID T GINN ADVOCACY COMMITTEE CHAIR 4.00 X X 0 0 0 GEORGE J BULLWINKEL III GOVERNANCE COMMITTEE CHAIR 4.00 X X 0 0 0 HAROLD W JONES FINANCE AUDIT COMMITTEE CH 4.00 X X 0 0 0 TOMMY L COGHILL PROGRAMS AND OPERATIONS CO 4.00 X X 0 0 0 CHRISTOPHER B FRASER INVESTMENT COMMITTEE CHAIR 4.00 X X 0 0 0 DEBORAH CAMPEAU FRIEND-RAISING CHAIR 4.00 X X 0 0 0 STEVEN GOODMAN THE TTC PRO-AM CHAIR 4.00 X X 0 0 0 GEOFFREY L SCHULER DEVELOPMENT COMMITTEE CHAI 4.00 X X 0 0 0 ELLIOTT G ALLEN TRUSTEE 2.00 X 0 0 0 JAMES B BAGWELL TRUSTEE 2.00 X 0 0 0 MICHELE BERNSON TRUSTEE 2.00 X 0 0 0 EVERETTE H BROADNAX TRUSTEE 2.00 X 0 0 0 PAMELA J BROWNING TRUSTEE 2.00 X 0 0 0 FRANK BULLARD TRUSTEE 2.00 X 0 0 0 RANDY L BYERLY TRUSTEE 2.00 X 0 0 0 JAMES W CANTEY III 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 LONNIE N CARTER TRUSTEE 2.00 X 0 0 0 DWAYNE R CARTWRIGHT TRUSTEE 2.00 X 0 0 0 ROBERT F CLAIR JR 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 RICHARD A DAY TRUSTEE 2.00 X 0 0 0 GP DIMINICH TRUSTEE 2.00 X 0 0 0 DAVID L DUNLAP 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 FORREST W FOSHEE TRUSTEE 2.00 X 0 0 0 KEVIN FRANK TRUSTEE 2.00 X 0 0 0 REW A GODOW JR TRUSTEE 2.00 X 0 0 0 JOHN S GOETTEE TRUSTEE 2.00 X 0 0 0 WILLIAM A HALL SR TRUSTEE 2.00 X 0 0 0 THOMAS B HARDY 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 D JERMAINE HUSSER TRUSTEE 2.00 X 0 0 0 LEONARD L HUTCHISON III TRUSTEE 2.00 X 0 0 0 B THOMAS KAYS TRUSTEE 2.00 X 0 0 0 MARK A LATTANZIO TRUSTEE 2.00 X 0 0 0 MICHAEL G LEATHERWOOD 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 MERIAH J MIKSA TRUSTEE 2.00 X 0 0 0 JOHN JACK M MITCHELL TRUSTEE 2.00 X 0 0 0 BRUCE D MURDY TRUSTEE 2.00 X 0 0 0 MYRIAM G OWENS 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 KENNETH T SEEGER TRUSTEE 2.00 X 0 0 0 NANCY C SNOWDEN TRUSTEE 2.00 X 0 0 0 SUSAN M STEVENS TRUSTEE 2.00 X 0 0 0 RANDELL 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 PETER B WOODHULL TRUSTEE 2.00 X 0 0 0 DAVID YARBOROUGH JR TRUSTEE 2.00 X 0 0 0 KIMBERLEY D HALLIN EXECUTIVE DIRECTOR 20.00 20.00 X 47873 47873 11650 47873 47873 11650 0 0 0 0 0 165661 5134407 166291 5300068 177054 177054 619099 0 619099 619099 619099 473265 165661 196423 276842 276842 6373063 0 0 1072995 1580430 1580430 6668 6668 39759 39759 112533 112533 6882 6882 6077 6077 STIPEND 93816 93816 SALARY REIMBURSEMENT 53824 10154 16035 27635 OTHER EXPENSES 32317 11777 20540 BANK CHARGES 11077 11077 1641 1641 1945024 1691068 205781 48175 78 141231 670728 511276 1841977 5295482 14897 33380 6875606 7693554 12093 12144 9415379 13687067 254913 77808 45000 0 299913 77808 X 3071554 3436967 3931510 7885963 2112402 2286329 9115466 13609259 9415379 13687067 4428039 65754 0 X X 0 1 X 1 0 X 3145274 956673 1266728 1460759 5300068 12129502 3145274 956673 1266728 1460759 5300068 12129502 4481852 7647650 165729 139967 238675 224218 177054 945643 203355 259379 422025 411935 276842 1573536 14648681 0.52210 0.80840 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6668 0 0 0 0 0 1 6668 0 0 0 6668 0 PART II-B, LINE 1: FUNDS USED TO REPRESENT THE INTERESTS OF TRIDENT TECHNICAL COLLEGE AND ITS STUDENTS. 3338927 203991 397777 71767 3868928 3302006 232863 -102906 93036 3338927 4582687 1306051 -54391 753037 5081310 4035229 1246653 430681 1033078 4582687 2476583 2563802 70559 1075715 4035229 0.00000 0.58850 0.41150 0 0 0 FIXED INCOME 1709975 F MONEY MARKET 372297 F EQUITIES 4102636 F REAL ESTATE FUNDS 758230 F ALTERNATIVE INVESTMENTS 750416 F 7693554 X 6399058 65754 65754 6333304 39759 39759 6373063 1905265 0 1905265 39759 39759 1945024 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, 2017. PART V, LINE 1 THE ENDOWMENT FUND BALANCE WAS ADJUSTED IN THE 6/30/16 TAX YEAR TO REMOVE AMOUNTS PREVIOUSLY REPORTED WHICH WERE NOT TRUE ENDOWMENTS. INSTEAD THEY WERE EXPENDABLE TEMPORARILY RESTRICTED FUNDS, BUT HELD IN AN INVESTMENT ACCOUNT. THIS CORRECTED METHOD OF REPORTING IS SHOWN FOR THE 6/30/16 TAX YEAR AND THEREFORE THE BEGINNING BALANCE DOES NOT TIE TO THE PRIOR YEAR END BALANCE IN COLUMN (B). WINE EVENT 554091 150876 403215 164720 GOLF EVENT 84835 14785 70050 31703 638926 165661 473265 196423 196423 276842 0 TRIDENT TECHNICAL COLLEGE PO BOX 118067 CHARLESTON SC 29423 570440170 115 1580430 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. X SPECIAL EVENTS - AUCTION ITEMS 248 166291 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 1 0 0 0 TRIDENT TECHNICAL COLLEGE B 1580430 COST TRIDENT TECHNICAL COLLEGE P 122836 COST