2016-11-15T14:31:54-06:00 2016-06-30 570381582 ELLIOTT DAVIS DECOSIMO LLCPLLC 100 CALHOUN ST STE 300 CHARLESTON SC 29401 990 2015-07-01 570699317 TRIDENT TECHNICAL COLLEGE FOUNDATION INC TRID 8435746195 PO BOX 61227 CHARLESTON SC 294191227 KIMBERLEY D HALLIN EXECUTIVE DIRECTOR 8435746195 2016-11-15 1 MELONIE HAMMOND-TRACE CPA P00497186 8435777040 2015 2017-02-10 21:41:12Z KIMBERLEY D HALLIN PO BOX 61227 CHARLESTON SC 294191227 2314052 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. 71 71 0 180 0 0 1266728 1460759 0 0 224575 -27292 422025 411935 1913328 1845402 1402549 1524396 0 0 0 0 0 0 40084 333603 309664 1736152 1834060 177176 11342 9566815 9415379 307184 299913 9259631 9115466 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 422504 422504 SCHOLARSHIPSTHE TRIDENT TECHNICAL COLLEGE FOUNDATION MADE 343 SCHOLARSHIP AWARDS TOTALING $422,504 IN THE 2015-16 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 6/30/16, THE FOUNDATION ADMINISTERS A TOTAL OF 111 SCHOLARSHIP FUNDS, 26 OF WHICH ARE PERMANENTLY RESTRICTED. 128124 128124 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 2015-16, $128,124 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. 109957 109957 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 2015-16 FISCAL YEAR, $109,957 WAS AWARDED IN MINI-GRANT SUPPORT FROM THE FOUNDATION AND COLLEGE. 961537 863811 961537 863811 1622122 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 33 0 1 0 0 0 0 0 1 1 1 1 0 0 0 0 X 71 71 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 CAROLYN D HUNTER CHAIR 4.00 X X 0 0 0 ROBERT O COLLINS VICE CHAIR AND STRATEGIC PLANNING COMMITTEE CHAIR 4.00 X X 0 0 0 JAMES B BAGWELL 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 CHARLES S CARMOD NOMINATING COMMITTEE CHAIR 4.00 X X 0 0 0 GEORGE J BULLWINKEL III SERGEANT AT ARMS/GOVERNANCE COMMITTEE CHAIR 4.00 X X 0 0 0 HAROLD W JONES FINANCE AUDIT COMMITTEE CHAIR 4.00 X X 0 0 0 KAREN A MCMILLAN PROGRAMS AND OPERATIONS COMMITTEE CHAIR 4.00 X X 0 0 0 CHARLES F BAARCKE INVESTMENT COMMITTEE CHAIR 4.00 X X 0 0 0 JOHN W MOLONY FRIEND-RAISING CHAIR 4.00 X X 0 0 0 REW A GODOW JR THE TTC PRO-AM CHAIR 4.00 X X 0 0 0 DAVID T GINN ADVOCACY COMMITTEE CHAIR 4.00 X X 0 0 0 GEOFFREY L SCHULER DEVELOPMENT COMMITTEE CHAIR 4.00 X X 0 0 0 ELLIOTT G ALLEN TRUSTEE 2.00 X 0 0 0 ELIZABETH B BAMBERG 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 MICHAEL P BUNKER 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 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 TAMMY L 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 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 RICHARD D ELLIOTT 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 CHRISTOPHER B FRASER 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 LARRY C HARGROVE TRUSTEE 2.00 X 0 0 0 DOROTHY G HARRISON TRUSTEE 2.00 X 0 0 0 KAREN HARVEY 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 GREGORY J KEATING 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 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 M WAYNE PHILLIPS 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 ROBERT C SEIDLER TRUSTEE 2.00 X 0 0 0 LANNEAU H SIEGLING 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 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 PETER B WOODHULL TRUSTEE 2.00 X 0 0 0 DAVID YARBOROUGH JR TRUSTEE 2.00 X 0 0 0 L KAI YEH TRUSTEE 2.00 X 0 0 0 KIMBERLEY D HALLIN EXECUTIVE DIRECTOR 20.00 20.00 X 0 91184 11304 0 91184 11304 0 0 0 0 0 61864 1398895 61864 1460759 224218 224218 251510 -251510 -251510 -251510 629075 61864 217140 411935 411935 1845402 0 0 384643 1524396 1524396 8001 8001 35603 35603 82152 82152 1295 1295 6473 6473 SALARY REIMBURSEMENT 131106 89725 15518 25863 OTHER EXPENSES 28995 14774 14221 BANK CHARGES 14207 14207 PRESIDENT'S MEETING 1832 1832 1834060 1622122 171854 40084 78 78 625541 670728 1974462 1841977 12046 14897 6942595 6875606 12093 12093 9566815 9415379 242184 254913 65000 45000 307184 299913 X 3134239 3071554 4151817 3931510 1973575 2112402 9259631 9115466 9566815 9415379 11342 -155507 0 X X 0 1 X 1 0 X 1914902 3145274 956673 1266728 1460759 8744336 1914902 3145274 956673 1266728 1460759 8744336 340801 8403535 157295 165729 139967 238675 224218 925884 261996 203355 259379 724730 10394950 0.80840 0.82650 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8003 0 0 0 0 0 1 8003 0 0 0 8003 0 PART II-B, LINE 1: FUNDS USED TO REPRESENT THE INTERESTS OF TRIDENT TECHNICAL COLLEGE AND ITS STUDENTS. 3302006 232863 -102906 93036 3338927 4582687 1306051 -54391 753037 5081310 4035229 1246653 430681 1033078 4582687 2476583 2563802 70559 1075715 4035229 2706598 542827 -61520 711322 2476583 0.00000 0.61820 0.38180 0 0 0 FIXED INCOME 1711827 F MONEY MARKET 197928 F EQUITIES 4321015 F REAL ESTATE FUNDS 644836 F 6875606 X 1654292 -155507 -155507 1809799 35603 35603 1845402 1798457 0 1798457 35603 35603 1834060 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, 2016. 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. WINE EVENT 604587 46612 557975 181904 GOLF EVENT 86352 15252 71100 35236 690939 61864 629075 217140 217140 411935 0 TRIDENT TECHNICAL COLLEGE PO BOX 118067 CHARLESTON SC 29423 570440170 1524396 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 EVENT 73 61864 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 TWO OF THE BOARD MEMEBERS ARE RELATED, THEY HAVE A FATHER/SON RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11 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 ANY ONE 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 501(C)(3) 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 TRIDENT TECHNICAL COLLEGE B 1524396 COST