UNIVERSITY OF SOUTH CAROLINA DEVELOPMENT FOUNDATION: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- UNIVERSITY OF SOUTH CAROLINA DEVELOPMENT FOUNDATION (EIN 57-6026593)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-05-15
- IRS object ID
- 201301359349303900
- Schema version
- 2011v1.5
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-05-15T10:47:23-05:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 570381582 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ELLIOTT DAVIS LLCPLLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1901 MAIN STREET SUITE 900 | AddressLine1 |
| City | COLUMBIA | City |
| State | SC | State |
| ZIP Code | 29201 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 576026593 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNIVERSITY OF SC DEVELOPMENT FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | UNIV | NameControl |
| Phone | 8037771466 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1600 HAMPTON STREET NO 814 | AddressLine1 |
| City | COLUMBIA | City |
| State | SC | State |
| ZIP Code | 292083400 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | RUSSELL H MEEKINS | Name |
| Title | CHIEF FINANCIAL OFFICER | Title |
| Phone | 8037771466 | Phone |
| Date Signed | 2013-05-14 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DENISE P HILL CPA | Name |
| PTIN | P00046615 | PTIN |
| Phone | 8032560002 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | RUSS MEEKINS | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 107 OSBORNE ADMINISTRATION BUILDING | AddressLine1 |
| City | COLUMBIA | City |
| State | SC | State |
| ZIP Code | 29208 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 6036839 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.SC.EDU/FOUNDATIONS/DEVELOPMENT | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1965 | YearFormation |
| State Legal Domicile | SC | StateLegalDomicile |
| Activity Or Mission Description | TO ACQUIRE PROPERTY IN ACCORDANCE WITH THE NEEDS OF THE UNIVERSITY OF SOUTH CAROLINA | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 19 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 17 | NbrIndependentVotingMembers |
| Total Nbr Employees | 1 | TotalNbrEmployees |
| Total Nbr Volunteers | 19 | TotalNbrVolunteers |
| Total Gross UBI | -423488 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -423488 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 657283 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1800648 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 0 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 1323485 | InvestmentIncomePriorYear |
| Investment Income Current Year | 486942 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 1149957 | OtherRevenuePriorYear |
| Other Revenue Current Year | 429784 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 3130725 | TotalRevenuePriorYear |
| Total Revenue Current Year | 2717374 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 84521 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 273601 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 255578 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 1773516 | OtherExpensePriorYear |
| Other Expenses Current Year | 3397563 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 2047117 | TotalExpensesPriorYear |
| Total Expenses Current Year | 3737662 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 1083608 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -1020288 | RevenuesLessExpensesCY |
| Total Assets BOY | 72547265 | TotalAssetsBOY |
| Total Assets EOY | 66966018 | TotalAssetsEOY |
| Total Liabilities BOY | 39026945 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 35502047 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 33520320 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 31463971 | NetAssetsOrFundBalancesEOY |
| Mission Description | TO ACQUIRE REAL AND PERSONAL PROPERTY; AND TO HOLD, RENT, SELL, OR TRANSFER SUCH PROPERTY IN ACCORDANCE WITH THE NEEDS AND DEMANDS OF THE UNIVERSITY OF SOUTH CAROLINA. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 3339672 | Expense |
| Grants | 84521 | Grants |
| Revenue | 305307 | Revenue |
| Description | TO ACQUIRE REAL AND PERSONAL PROPERTY TO MEET THE NEEDS OF THE UNIVERSITY OF SOUTH CAROLINA | Description |
| Total Program Service Expense | 3339672 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 1 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 1 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 1 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 8 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 1 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 19 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 17 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 1 | InvestmentInJointVenture |
| Written Policy Or Procedure | 1 | WrittenPolicyOrProcedure |
| States Where Copy Of Return Is Filed | SC | StatesWhereCopyOfReturnIsFiled |
| Own Website | X | OwnWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RUSS MEEKINS | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 8037770201 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1600 HAMPTON STREET SUITE 814 | AddressLine1 |
| City | COLUMBIA | City |
| State | SC | State |
| ZIP Code | 29208 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (24 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| JAMES W CANTEY JR | |||||||
| CHAIR | 0.30 | X | 0 | 0 | 0 | ||
| JOSEPH REYNOLDS | |||||||
| VICE CHAIR | 0.30 | X | 0 | 0 | 0 | ||
| JOHN C HOUSER | |||||||
| SECRETARY/TREASURER | 0.30 | X | 0 | 0 | 0 | ||
| THOMAS E SUGGS | |||||||
| CHAIR EMERITUS | 0.30 | X | 0 | 0 | 0 | ||
| STEPHEN K BENJAMIN | |||||||
| MEMBER | 0.30 | X | 0 | 0 | 0 | ||
| MARK W BUYCK JR | |||||||
| MEMBER | 0.30 | X | 0 | 0 | 0 | ||
| M ELIZABETH CRUM | |||||||
| MEMBER | 0.30 | X | 0 | 0 | 0 | ||
| JAMES M DANIEL III | |||||||
| MEMBER | 0.30 | X | 0 | 0 | 0 | ||
| WILLIAM W DOAR JR | |||||||
| MEMBER | 0.30 | X | 0 | 0 | 0 | ||
| JOHN W FIELDS | |||||||
| MEMBER | 0.30 | X | 0 | 0 | 0 | ||
| MADILYN M FLETCHER | |||||||
| MEMBER | 0.30 | X | 0 | 162261 | 0 | ||
| STAN F GIBSON | |||||||
| MEMBER | 0.30 | X | 0 | 0 | 0 | ||
| PAUL S GOLDSMITH | |||||||
| MEMBER | 0.30 | X | 0 | 0 | 0 | ||
| WILLIAM C HAMMETT JR | |||||||
| MEMBER | 0.30 | X | 0 | 0 | 0 | ||
| STAN HARPE | |||||||
| MEMBER | 0.30 | X | 0 | 0 | 0 | ||
| ROBERT R HILL JR | |||||||
| MEMBER | 0.30 | X | 0 | 0 | 0 | ||
| S ALAN MEDLIN | |||||||
| MEMBER | 0.30 | X | 0 | 163772 | 0 | ||
| EVERETTE H NEWMAN | |||||||
| MEMBER | 0.30 | X | 0 | 0 | 0 | ||
| AUSTIN M SHEHEEN JR | |||||||
| MEMBER | 0.30 | X | 0 | 0 | 0 | ||
| JEROME D ODOM | |||||||
| EX OFFICIO MEMBER | 24.00 | X | 0 | 215250 | 0 | ||
| HON MILES LOADHOLT | |||||||
| EX OFFICIO MEMBER | 0.30 | X | 0 | 0 | 0 | ||
| RICHARD H ROCKAFELLOW | |||||||
| FOUNDATION EXECUTIVE DIREC | 20.00 | 74852 | 0 | 0 | X | ||
| RUSSELL H MEEKINS | |||||||
| FOUNDATIONS CFO | 26.00 | 0 | 151952 | 30379 | X | ||
| KIMBERLY H ELLIOTT | |||||||
| DIRECTOR OF ACCOUNTING | 14.00 | 0 | 113163 | 35252 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 74852 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 806398 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 65631 | TotalOtherCompensation |
| Number Individuals GT100 K | 1 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation
Name Of Contractor NameOfContractor
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | STEVENS AVIATION INC | BusinessNameLine1 |
Address Of Contractor AddressOfContractor
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 601928 | AddressLine1 |
| City | CHARLOTTE | City |
| State | NC | State |
| ZIP Code | 282601928 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Services | AIRCRAFT MAINTENANCE AND REPAIRS | DescriptionOfServices |
| Compensation | 144259 | Compensation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 1 | NumberOfContractorsGT100K |
| All Other Contributions | 1800648 | AllOtherContributions |
| Noncash Contributions | 318137 | NoncashContributions |
| Total Contributions | 1800648 | TotalContributions |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 279135 | TotalRevenueColumn |
| Exclusion | $279,135 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 420703 | Real |
| Personal | 335069 | Personal |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 0 | Real |
| Personal | 0 | Personal |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 420703 | Real |
| Personal | 335069 | Personal |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 755772 | TotalRevenueColumn |
| Exclusion | $755,772 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 3527272 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 3319465 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 207807 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 207807 | TotalRevenueColumn |
| Related Or Exempt Function Income | 207807 | RelatedOrExemptFunctionIncome |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| MISCELLANEOUS | 900099 | 97500 | 97500 | |
| NET GAIN IN HOTEL ASSO | 721110 | -423488 | -423488 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | -325988 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2717374 | TotalRevenueColumn |
| Related Or Exempt Function Income | 305307 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | -423488 | UnrelatedBusinessRevenue |
| Exclusion | $1,034,907 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 84521 | Total |
| Program Services | 84521 | ProgramServices |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 255578 | Total |
| Management And General | 255578 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 133196 | Total |
| Program Services | 121867 | ProgramServices |
| Management And General | 11329 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 50354 | Total |
| Program Services | 22193 | ProgramServices |
| Management And General | 28161 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 92828 | Total |
| Program Services | 87247 | ProgramServices |
| Management And General | 5581 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 228 | Total |
| Program Services | 153 | ProgramServices |
| Management And General | 75 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4318 | Total |
| Program Services | 2212 | ProgramServices |
| Management And General | 2106 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6631 | Total |
| Program Services | 5571 | ProgramServices |
| Management And General | 1060 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 169776 | Total |
| Program Services | 167312 | ProgramServices |
| Management And General | 2464 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 503051 | Total |
| Program Services | 503051 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 167383 | Total |
| Program Services | 167383 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 103134 | Total |
| Program Services | 69960 | ProgramServices |
| Management And General | 33174 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| ACQUISITIONS ON BEHALF | 916617 | 916617 | |
| CONSTRUCTION COSTS | 814418 | 814418 | |
| EQUIPMENT RENTAL & MAIN | 178993 | 146529 | 32464 |
| REAL ESTATE TAX EXPENSE | 108472 | 108472 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 148164 | Total |
| Program Services | 122166 | ProgramServices |
| Management And General | 25998 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3737662 | Total |
| Program Services | 3339672 | ProgramServices |
| Management And General | 397990 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5799054 | BOY |
| EOY | 1201932 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2387855 | BOY |
| EOY | 2162642 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 135868 | BOY |
| EOY | 151402 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 351274 | BOY |
| EOY | 645000 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 11766154 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 3444463 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8573595 | BOY |
| EOY | 8321691 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 24772523 | BOY |
| EOY | 23601044 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 30318279 | BOY |
| EOY | 30631279 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 208817 | BOY |
| EOY | 251028 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 72547265 | BOY |
| EOY | 66966018 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 382549 | BOY |
| EOY | 278727 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19135000 | BOY |
| EOY | 15290000 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16151408 | BOY |
| EOY | 16151408 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3357988 | BOY |
| EOY | 3781912 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 39026945 | BOY |
| EOY | 35502047 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9723849 | BOY |
| EOY | 7744149 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20430543 | BOY |
| EOY | 20353894 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3365928 | BOY |
| EOY | 3365928 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 33520320 | BOY |
| EOY | 31463971 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 72547265 | BOY |
| EOY | 66966018 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -1020288 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -1036061 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | X | SupportingOrganization509a3 |
| Supporting Org509a3 Type3 Func Int | X | SupportingOrg509a3Type3FuncInt |
| Certification Checkbox | X | CertificationCheckbox |
| Written IRS Determination | X | WrittenIRSDetermination |
| Contrib By Controlling Individual | 0 | ContribByControllingIndividual |
| Contribution By Related Party | 0 | ContributionByRelatedParty |
| Contrib By35 Controlled Entity | 0 | ContribBy35ControlledEntity |
Supported Org Information SupportedOrgInformation
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNIVERSITY OF SOUTH CAROLINA | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 576001153 | EIN |
| Type Of Organization | 5 | TypeOfOrganization |
| Listed In Governing Doc | 1 | ListedInGoverningDoc |
| Supported Organization Notified | 1 | SupportedOrganizationNotified |
| Organized In US | 1 | OrganizedInUS |
| Amount | $3,339,672 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Number Of Supported Orgs | 1 | TotalNumberOfSupportedOrgs |
| Sum Of Amounts | 3339672 | SumOfAmounts |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Art Public Exhibition Amts ArtPublicExhibitionAmts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets In Part X | 19000 | AssetsInPartX |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collect Used For Preservation | X | CollectUsedForPreservation |
| Solicited Assets For Sale | 0 | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 20435411 | BeginningOfYearBalance |
| Contributions | 17139 | Contributions |
| Investment Earnings Or Losses | -367785 | InvestmentEarningsOrLosses |
| Other Expenditures | 273059 | OtherExpenditures |
| Administrative Expenses | 160263 | AdministrativeExpenses |
| End Of Year Balance | 19651443 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 16736526 | BeginningOfYearBalance |
| Contributions | 1200 | Contributions |
| Investment Earnings Or Losses | 4108141 | InvestmentEarningsOrLosses |
| Other Expenditures | 254594 | OtherExpenditures |
| Administrative Expenses | 155862 | AdministrativeExpenses |
| End Of Year Balance | 20435411 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 15263315 | BeginningOfYearBalance |
| Contributions | 2400 | Contributions |
| Investment Earnings Or Losses | 1844013 | InvestmentEarningsOrLosses |
| Other Expenditures | 232844 | OtherExpenditures |
| Administrative Expenses | 140358 | AdministrativeExpenses |
| End Of Year Balance | 16736526 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 20333089 | BeginningOfYearBalance |
| Contributions | 55000 | Contributions |
| Investment Earnings Or Losses | -4782954 | InvestmentEarningsOrLosses |
| Other Expenditures | 208377 | OtherExpenditures |
| Administrative Expenses | 133443 | AdministrativeExpenses |
| End Of Year Balance | 15263315 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.80780 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.17130 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.02090 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3769721 | OtherCostOrOtherBasis |
| Book Value | 3769721 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5804719 | OtherCostOrOtherBasis |
| Depreciation | 1300199 | Depreciation |
| Book Value | 4504520 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2191714 | OtherCostOrOtherBasis |
| Depreciation | 2144264 | Depreciation |
| Book Value | 47450 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 8321691 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | REAL ESTATE HELD FOR INVESTMENT | Description |
| Book Value | 30631279 | BookValue |
| Method Of Valuation | F | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 30631279 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| FUNDS HELD FOR OTHERS | $18,303 |
| DEFICIT IN USC HOTEL ASSOCIATES | $3,763,609 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 3781912 | TotalOfAmounts |
| Total Revenue | 2717374 | TotalRevenue |
| Total Expenses | 3737662 | TotalExpenses |
| Excess Or Deficit For Year | -1020288 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -810848 | NetUnrealizedGLOnInvestments |
| Other | -$225,213 | OtherAmount |
| Total Adjustments | -1036061 | TotalAdjustments |
| Excess Or Deficit Per FS | -2056349 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 2457253 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -810848 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 39618 | DonatedSrvcAndUseOfFacilities |
| Other Revenues | -225213 | OtherRevenues |
| Revenue Not Rptd F990 | -996443 | RevenueNotRptdF990 |
| Revenue Subtotal | 3453696 | RevenueSubtotal |
| Other Revenues Not Included | -736322 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | -736322 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 2717374 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 4513602 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 39618 | DonatedServicesUseOfFacilities |
| Expenses Not Rptd F990 | 39618 | ExpensesNotRptdF990 |
| Expenses Subtotal | 4473984 | ExpensesSubtotal |
| Other Expenses Not Included | -736322 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | -736322 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 3737662 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (6 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| PART III, LINE 4: | THE FOUNDATION PRESERVES VARIOUS PIECES OF ART FOR FUTURE GENERATIONS AND FOR THE BENEFIT OF THE UNIVERSITY OF SOUTH CAROLINA. | |
| PART V, LINE 4: | ENDOWMENT FUNDS ARE USED, IN ACCORDANCE WITH ANY DONOR RESTRICTIONS, TO SUPPORT THE REAL AND PERSONAL PROPERTY NEEDS OF THE UNIVERSITY OF SOUTH CAROLINA. | DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: |
| PART X: | ACCOUNTING PRINICPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD BE SUBSTANTIATED UPON EXAMINATION BY THE IRS. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION, AND HAS CONCLUDED THAT AS OF JUNE 30, 2012, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: |
| CHANGE IN PLEDGES RECEIVABLE -225,213. | PART XI, LINE 8 - OTHER ADJUSTMENTS: | |
| PART XII, LINE 2D: CHANGE IN PLEDGES RECEIVABLE - -$225,213 | ||
| PART XII & PART XIII, LINE 4B: THIS AMOUNT REPRESENTS THE NET LOSS FROM USC HOTEL ASSOCIATES, LLC IN WHICH THE DEVELOPMENT FOUNDATION OWNS 80%. WHILE CONSOLIDATED FOR FINANCIAL REPORTING PURPOSES, IT IS PRESENTED AS SEPARATE UNRELATED BUSINESS REVENUE ON FORM 990. ALSO INCLUDED IS THE AMOUNT OF NET INVESTMENT LOSSES REPORTED NET AS AN EXPENSE IN THE AUDITED FINANCIAL STATEMENTS BUT REPORTED GROSS ON FORM 990, PART VIII, EXCLUDING NET UNREALIZED LOSSES REPORTED IN PART XII, LINE 2A. NET LOSS FROM USC HOTEL ASSOCIATES, LLC - $423,488; NET INVESTMENT LOSSES - $312,834 -- TOTAL - $736,322 |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable
Recipient Name Business RecipientNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARLBORO COUNTY GENERAL HOSPITAL | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1138 CHERAW STREET | AddressLine1 |
| City | BENNETTSVILLE | City |
| State | SC | State |
| ZIP Code | 29512 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN Of Recipient | 570750184 | EINOfRecipient |
| IRC Section | 501(C)(3) | IRCSection |
| Amount Of Non Cash Assistance | 84521 | AmountOfNonCashAssistance |
| Method Of Valuation | BOOK | MethodOfValuation |
| Description Of Non Cash Assistance | BUILDING | DescriptionOfNonCashAssistance |
| Purpose Of Grant | INDIGENT HEALTH CARE | PurposeOfGrant |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 1 | TotalNbrOf501C3AndGovtGrants |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | THE GRANT/ASSISTANCE IS UNENCUMBERED. THERE ARE NO MONITORING PROCEDURES FOR THIS GRANT | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (4 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MADILYN M FLETCHER | |||||||||||||
| 0 | 162261 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 162261 | 0 | 0 |
| S ALAN MEDLIN | |||||||||||||
| 0 | 163772 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 163772 | 0 | 0 |
| JEROME D ODOM | |||||||||||||
| 0 | 215250 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 215250 | 0 | 0 |
| RUSSELL H MEEKINS | |||||||||||||
| 0 | 151952 | 0 | 0 | 0 | 0 | 0 | 20785 | 0 | 9594 | 0 | 182331 | 0 | 19554 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SUPPLEMENTAL INFORMATION | Identifier |
| Return Reference | PART III | ReturnReference |
| Explanation | PART I, LINE 1A: THE FOUNDATION PAID AN ANNUAL MEMBERSHIP FEE IN THE AMOUNT OF $95 FOR DR. ODOM'S MEMBERSHIP IN A BUSINESS CLUB. THE MEMBERSHIP WAS USED EXCLUSIVELY TO CONDUCT BUSINESS OF THE FOUNDATION. | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNIVERSITY OF SOUTH CAROLINA DEVELOPMENT FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 576026593 | IssuerEIN |
| Date Issued | 2010-12-31 | DateIssued |
| Issue Price | 19135000 | IssuePrice |
| Description Of Purpose | TO ACQUIRE REAL ESTATE AND TO REFUND BONDS ISSUED IN 2000 AND 2001. | DescriptionOfPurpose |
| Defeased | 0 | Defeased |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Pool Financing | 0 | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amount Retired | 3845000 | AmountRetired |
| Total Proceeds | 19135000 | TotalProceeds |
| Issuance Costs From Proceeds | 199441 | IssuanceCostsFromProceeds |
| Amount Unspent | 1600000 | AmountUnspent |
| Year Of Subst Completion | 2012 | YearOfSubstCompletion |
| Current Refunding | 1 | CurrentRefunding |
| Advance Refunding | 0 | AdvanceRefunding |
| Final Allocation Made | 0 | FinalAllocationMade |
| Adequate Books And Recds Maintaind | 1 | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Owning Bond Financed Property | 0 | OwningBondFinancedProperty |
| Any Lease Arrangements | 0 | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | 0 | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | 0 | AnyResearchAgreements |
| Post Issuance Compliance Procdrs | 1 | PostIssuanceComplianceProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8038 T Filed | 0 | Form8038TFiled |
| Variable Rate Issue | 1 | VariableRateIssue |
| Hedge Identified In Books And Recds | 0 | HedgeIdentifiedInBooksAndRecds |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | 0 | GrossProceedsInvested |
| Exception To Rebate | 0 | ExceptionToRebate |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV (2 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| SOUTH CAROLINA BANK AND TRUST | |||
| TWO FOUNDATION BOARD MEMBERS SERVE ON SCBT'S BOARD AND AS CEO | 175871 | THE FOUNDATION HAS AN UNSECURED LOAN FROM SOUTH CAROLINA BANK AND TRUST. ALL TRANSACTIONS WERE CONDUCTED IN THE NORMAL COURSE OF BUSINESS WITHOUT INFLUENCE FROM THE DIRECTOR. | 0 |
| WELLS FARGO | |||
| A FOUNDATION BOARD MEMBER IS A COMMERCIAL BANKING EXECUTIVE FOR WELLS FARGO | 15290000 | WELLS FARGO IS THE PURCHASER OF THE FOUNDATION'S ECONOMIC DEVELOPMENT REVENUE BONDS (JEDA BONDS) ISSUED DECEMBER 2010. | 0 |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 5137 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenues |
Real Estate Other RealEstateOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 2 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 313000 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | BOARD MEMBER, TOMMY SUGGS, IS AN EXECUTIVE WITH KEENAN SUGGS INSURANCE. SEVERAL BOARD MEMBERS ARE CLIENTS OF KEENAN SUGGS INSURANCE. | |
| FORM 990, PART VI, SECTION B, LINE 11 | A COPY OF THE 990 IS E-MAILED TO EACH BOARD MEMBER PRIOR TO FILING. BOARD MEMBERS ARE REQUESTED TO REVIEW THE FORM AND NOTIFY THE FOUNDATION PRIOR TO THE FORM DUE DATE IF THEY HAVE ANY COMMENTS OR CORRECTIONS TO THE FORM. | |
| FORM 990, PART VI, SECTION B, LINE 12C | THE FOUNDATION'S CONFLICT OF INTEREST POLICY IS DISTRIBUTED ANNUALLY TO BOARD MEMBERS AT A FULL BOARD MEETING. ATTACHED TO THE COPY OF THE CONFLICT OF INTEREST POLICY IS A SIGNATURE FORM FOR EACH BOARD MEMBER TO SIGN AND INDICATE THAT THEY HAVE READ, AND COMPLIED WITH, THE FOUNDATION'S CONFLICT OF INTEREST POLICY FOR THE YEAR. THE SIGNATURE FORMS ARE COLLECTED AND KEPT BY THE FOUNDATION. | |
| FORM 990, PART VI, SECTION B, LINE 15 | OFFICER'S COMPENSATION IS DETERMINED BASED ON PERFORMANCE AND BOARD REVIEWS. SALARIES ARE DERIVED FROM COMPARABLE INDUSTRY DATA AND ACHIEVEMENT OF PERFORMANCE STANDARDS ESTABLISHIED AT THE BEGINNING OF EACH FISCAL YEAR. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, ANNUAL FORM 990 AND 990-T ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE AND UPON WRITTEN REQUEST. | |
| FORM 990, PART XI, LINE 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -810,848. CHANGE IN PLEDGES RECEIVABLE -225,213. TOTAL TO FORM 990, PART XI, LINE 5: -1,036,061. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| FORM 990, PAGE 12, PART XII, LINE 2C, RESPONSBILITY OF AUDIT OVERSIGHT: | THE FOUNDATION'S BOARD OF DIRECTORS OVERSEES THE AUDIT PROCESS. | |
| FORM 990, SCHEDULE K, PART V: | ARBITRAGE PROCEDURES ARE NOT APPLICABLE TO THE ORGANIZATION BECAUSE THE BONDS HAVE BEEN ISSUED LONGER THAN THE 12 MONTH PERIOD REQUIRED BY THE REGULATIONS TO ADOPT THESE PROCEDURES. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI (6 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Total IncomeTotalIncome | EOY AssetsEOYAssets | Business Name Line1DirectControllingEntityName/BusinessNameLine1 |
|---|---|---|---|---|---|---|---|---|
| THE INN AT USC LLC | ||||||||
| 1600 HAMPTON STREET NO 814 | COLUMBIA | SC | 29208 | REAL ESTATE INVESTMENT | SC | 0 | 2175952 | UNIVERSITY OF SOUTH CAROLINA DEVELOPMENT FOUNDATION |
| CDRC LLC | ||||||||
| 1600 HAMPTON STREET NO 814 | COLUMBIA | SC | 29208 | LAND/BLDG TO HOUSE USC CHILD DEVELOPMENT RESEARCH CENTER | SC | 190320 | 3880790 | UNIVERSITY OF SOUTH CAROLINA DEVELOPMENT FOUNDATION |
| WILLIAMS AT BLOSSOM LLC | ||||||||
| 1600 HAMPTON STREET NO 814 | COLUMBIA | SC | 29208 | REAL ESTATE INVESTMENT | SC | 86965 | 3911018 | UNIVERSITY OF SOUTH CAROLINA DEVELOPMENT FOUNDATION |
| ADDESSO-DF LLC | ||||||||
| 1600 HAMPTON STREET NO 814 | COLUMBIA | SC | 29208 | OWNS 49% INTEREST IN RESIDENTIAL/RETAIL CONDO PROJECT VIA ADESSO/COLUMBIA | SC | 0 | -1028807 | UNIVERSITY OF SOUTH CAROLINA DEVELOPMENT FOUNDATION |
| LONGLEAF ENVIRONMENTAL LLC | ||||||||
| 1600 HAMPTON STREET NO 814 | COLUMBIA | SC | 29208 | ENVIRONMENTAL STUDIES | SC | 0 | 0 | UNIVERSITY OF SOUTH CAROLINA DEVELOPMENT FOUNDATION |
| UNIVERSITY OF SOUTH CAROLINA DEVELOPMENT FOUNDATION WACCAMAW LLC | ||||||||
| 1600 HAMPTON STREET NO 814 | COLUMBIA | SC | 29208 | REAL ESTATE INVESTMENT | SC | 0 | 0 | UNIVERSITY OF SOUTH CAROLINA DEVELOPMENT FOUNDATION |
Form990 Schedule R Part II Form990ScheduleRPartII (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Direct Controlling Entity NADirectControllingEntityNA | Controlled OrgControlledOrg |
|---|---|---|---|---|---|---|---|---|---|---|
| UNIVERSITY OF SOUTH CAROLINA | ||||||||||
| 1718 COLLEGE STREET | COLUMBIA | SC | 29208 | 576001153 | PUBLIC UNIVERSITY | SC | N/A | N/A | N/A | 0 |
| UNIVERSITY OF SOUTH CAROLINA EDUCATIONAL FOUNDATION | ||||||||||
| 1600 HAMPTON STREET | COLUMBIA | SC | 29208 | 576017985 | EDUCATION AND RESEARCH SUPPORT | SC | 501(C)(3) | 5 | N/A | 0 |
Form990 Schedule R Part III Form990ScheduleRPartIII
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | USC HOTEL ASSOCIATES LLC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1600 HAMPTON STREET NO 814 | AddressLine1 |
| City | COLUMBIA | City |
| State | SC | State |
| ZIP Code | 29208 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 134272820 | EIN |
| Primary Activity | HOLDS INTEREST IN THE INN AT USC | PrimaryActivity |
| Legal Domicile State | SC | LegalDomicileState |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNIVERSITY OF SOUTH CAROLINA DEVELOPMENT FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Predominant Income Type | RELATED | PredominantIncomeType |
| Share Of Total Income | -423488 | ShareOfTotalIncome |
| Share Of EOY Assets | 6634630 | ShareOfEOYAssets |
| Disproportionate Allocations | 0 | DisproportionateAllocations |
| General Or Managing Partner | 0 | GeneralOrManagingPartner |
Form990 Schedule R Part IV Form990ScheduleRPartIV
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WHEELER HILL DEVELOPMENT LLC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1600 HAMPTON STREET NO 814 | AddressLine1 |
| City | COLUMBIA | City |
| State | SC | State |
| ZIP Code | 29208 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 204996416 | EIN |
| Primary Activity | REAL ESTATE DEVELOPMENT | PrimaryActivity |
| Legal Domicile State | SC | LegalDomicileState |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNIVERSITY OF SOUTH CAROLINA DEVELOPMENT FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Entity | C | TypeOfEntity |
| Share Of EOY Assets | 1654335 | ShareOfEOYAssets |
| Percentage Ownership | 1.00000 | PercentageOwnership |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 1 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 1 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 1 | SharingOfFacilities |
| Sharing Of Paid Employees | 1 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 1 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 1 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 1 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 1 | OtherTransferFromOtherOrg |
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