2012-10-15T14:51:10-05:00 2012-06-30 271780668 HUBBARD DAVIS CPAS LLP 990 LAKE HUNTER CIRCLE STE 207 MOUNT PLEASANT SC 29464 990 2011-07-01 570699317 TRIDENT TECHNICAL COLLEGE FOUNDATION INC TRID 8435746600 PO BOX 61227 CHARLESTON SC 294191227 KIMBERLEY D STURGEON 8435746600 2012-10-17 1 CAROL HUBBARD P00412970 8438813315 2012-10-08 2011 2016-02-24 21:20:13Z KIMBERLEY D STURGEON PO BOX 61227 CHARLESTON SC 294191227 2586334 0 X WWW.TRIDENTTECH.EDU/FOUNDATION X 1975 SC THE FOUNDATION EXISTS TO BRIDGE THE GAP BETWEEN NEEDS AND RESOURCES OF THE COLLEGE. 66 66 0 144 0 0 1296296 1914902 0 0 342387 261477 268165 261996 1906848 2438375 927055 884217 0 0 0 0 0 141834 167833 243733 228557 1170788 1254608 736060 1183767 5855147 6802652 171547 270994 5683600 6531658 X ESTABLISHED IN 1975, THE TRIDENT TECHNICAL COLLEGE FOUNDATION EXISTS TO RAISE FUNDS TO HELP BRIDGE THE GAP BETWEEN NEEDS AND RESOURCES FOR TTC STUDENTS AND EMPLOYEES. THE FOUNDAION OPERATES INDEPENDENTLY OF THE COLLEGE AS A 501(C)(3) NONPROFIT CORPORATION. 0 0 295996 SCHOLARSHIPSTHE TRIDENT TECHNICAL COLLEGE FOUNDATION MADE 209 SCHOLARSHIP AWARDS TOTALING $190,864 IN THE 2011-12 FISCAL YEAR. SCHOLARSHIPS HELP OFFSET THE COST OF TUITION, FEES AND BOOKS FOR ELIGIBLE STUDENTS. THE SCHOLARSHIP FUNDS, PROVIDED BY INDIVIDUALS, BUSINESSES AND OTHER FOUNDATIONS, ARE COMPETITIVE AND BASED ON CRITERIA ESTABLISHED BY THE DONORS AND THE FOUNDATION. AS OF 6/30/12, THE FOUNDATION ADMINISTERS A TOTAL OF 99 SCHOLARSHIP FUNDS, 14 OF WHICH ARE PERMANENTLY RESTRICTED. 119357 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. BOTH PROGRAMS ARE BASED ON AVAILABILITY OF FUNDS. FOR THE FISCAL YEAR 2011-12, $119,347 WAS AWARDED AS PART OF THESE TWO 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. CREDIT COURSE ASSISTANCE WILL REIMBURSE FULL-TIME PERMANENT EMPLOYEES $200 PER COURSE 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. BOTH THE TUITION ASSISTANCE AND CREDIT COURSE REIMBURSEMENT PROGRAMS REQUIRE SUPERVISOR AND VICE PRESIDENT APPROVAL. 60000 MIINGRANTSTHE MINI-GRANT PROGRAM PROVIDES FUNDS TO FACULTY AND STAFF FOR EQUIPMENT, MATERIALS AND SPECIAL RESOURCES. 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 AND EMPLOYEE CAMPAIGN. FOR THE 2011-12 FISCAL YEAR, $60,000 WAS AWARDED IN MINI-GRANT SUPPORT FROM THE FOUNDATION. 262339 COMPLEX RENOVATIONFUNDS EXPENDED TO SUPPORT TRIDENT TECHNICAL COLLEGE CAMPUS RENOVATION. 254444 VARIOUS OTHER PROGAMS 516783 992136 1 1 0 1 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 18 0 0 0 0 0 0 1 1 1 1 0 0 X 66 66 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 1 0 SC X X KIMBERLEY STURGEON 8435746600 PO BOX 61227 CHARLESTON SC 294191227 WILLIAM E CRAVER III 0.00 X X 0 0 0 ROBERT O COLLINS JR 0.00 X X 0 0 0 ANDREA D LIMEHOUSE 0.00 X X 0 0 0 THOMAS G BUIST JR 0.00 X 0 0 0 CHARLES C CARMONDY 0.00 X 0 0 0 G REID BANKS 0.00 X 0 0 0 JAMES W MARTIN 0.00 X 0 0 0 WILLIAM C HUDSON 0.00 X 0 0 0 CLARA C VARGA-GONZALES 0.00 X 0 0 0 ROBERT F CLAIR JR 0.00 X 0 0 0 GEORGE J BULLWINKEL III 0.00 X 0 0 0 CHARLES F BAARCKE JR 0.00 X 0 0 0 JAMES B BAGWELL III 0.00 X 0 0 0 ELIZABETH BAMBERG 0.00 X 0 0 0 JAMES C BRYAN 0.00 X 0 0 0 EDGAR A BUCK JR 0.00 X 0 0 0 RANDY L BYERLY 0.00 X 0 0 0 RUSSELL B CORBIN 0.00 X 0 0 0 DAVID L DUNLAP 0.00 X 0 0 0 KATHRYN L DUNN 0.00 X 0 0 0 JOHN EDWARDS 0.00 X 0 0 0 RICHARD D ELLIOTT 0.00 X 0 0 0 SCOTT FENNELL 0.00 X 0 0 0 WILLIAM A FINN 0.00 X 0 0 0 TODD GALLATI 0.00 X 0 0 0 DAVID T GINN 0.00 X 0 0 0 BARRY D GUMB 0.00 X 0 0 0 LARRY C HARGROVE 0.00 X 0 0 0 WILLIAM S HELMLY 0.00 X 0 0 0 CAROLYN H HUNTER 0.00 X 0 0 0 LEONARD L HUTCHINSON III 0.00 X 0 0 0 ANN IRVIN 0.00 X 0 0 0 HAL JONES 0.00 X 0 0 0 B THOMAS KAYS 0.00 X 0 0 0 CHRISTOPHER A LATHAM 0.00 X 0 0 0 MARK A LATTANZIO 0.00 X 0 0 0 MICHEAL G LEATHERWOOD 0.00 X 0 0 0 ELIZABETH I MARSHALL 0.00 X 0 0 0 JOHN M MITCHELL 0.00 X 0 0 0 JOHN W MOLONY 0.00 X 0 0 0 SALVATORE A MOSCATELLO 0.00 X 0 0 0 BRUCE D MURDY 0.00 X 0 0 0 ROBERT W PEARCE JR 0.00 X 0 0 0 M WAYNE PHILLIPS 0.00 X 0 0 0 ROBERT L PRATT 0.00 X 0 0 0 GEOFFREY L SCHULER 0.00 X 0 0 0 KENNETH T SEEGER 0.00 X 0 0 0 WILLIAM B SETTLEMYER 0.00 X 0 0 0 LANNEAU H SIEGLING 0.00 X 0 0 0 JANIE M SINACORE-JABERG 0.00 X 0 0 0 NANCY C SNOWDEN 0.00 X 0 0 0 PETER STEKETEE 0.00 X 0 0 0 SUSAN M STEVENS 0.00 X 0 0 0 RANDALL C STONEY JR 0.00 X 0 0 0 CATHERINE L STUHR 0.00 X 0 0 0 ERIC N WAGES 0.00 X 0 0 0 HARRY J WARNBOLDT 0.00 X 0 0 0 WILLIAM M WATSON 0.00 X 0 0 0 STUART D WHITESIDE 0.00 X 0 0 0 AJ BATLA 0.00 X 0 0 0 C RONALD COWARD 0.00 X 0 0 0 RICHARD K GREGORY 0.00 X 0 0 0 AL HUTCHINSON JR 0.00 X 0 0 0 THOMAS A MAYBERRY 0.00 X 0 0 0 JAMES C MURRY 0.00 X 0 0 0 HERMAN B SPEISSEGGER JR 0.00 X 0 0 0 SAMUEL STEINBERG 0.00 X 0 0 0 DAVID B YARBOROUGH 0.00 X 0 0 0 KIMBERLEY STURGEON 40.00 X X 0 79328 0 0 79328 0 0 0 0 0 TRIDENT TECHNICAL COLLEGE 7116 RIVERS AVENUE N CHARLESTON SC 29419 PROVIDED COLLEGE COURSES TO SCHOLARSHIP 854013 WINKLER CONSULTING GROUP INC C/O 7116 RIVERS AVENUE N CHARLESTON SC 29419 CAPITAL CAMPAIGN 129000 2 58100 1856802 1914902 157295 157295 104182 0 104182 104182 104182 409955 58100 147959 261996 261996 2438375 261477 0 261996 884217 884217 141834 141834 27249 27249 25400 25400 1610 1610 4323 4323 STIPENDS 58456 58456 SALARY REIMBURSEMENT 51997 9359 16639 25999 LOBBYING EXPENSE 40104 40104 BANK CHARGES 9295 9295 10123 10123 1254608 992136 94639 167833 78 78 203468 346574 768133 2010651 2511 0 5538 16882 4865158 4418105 10261 10362 5855147 6802652 171547 270994 171547 270994 X 2296486 2108281 2305501 3167258 1081613 1256119 5683600 6531658 5855147 6802652 X 1183767 -335709 X X 0 1 1 X 0 X 721386 790227 710569 1296296 1914902 5433380 721386 790227 710569 1296296 1914902 5433380 5433380 140051 88856 87239 106125 157295 579566 275480 183557 228487 268165 261996 1217685 7230631 0.75140 0.68530 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 40104 0 0 0 0 0 1 40104 0 0 0 40104 0 ORGANIZATIONS DIRECT AND INDIRECT POLITICAL CAMPAIGN ACTIVITIES: PART I-A, LINE 1: FUNDS USED TO REPRESENT THE INTEREST OF TECHNICAL COLLEGES AND STUDENTS IN SOUTH CAROLINA. 2706598 542827 -61520 -711322 2476583 2424943 85751 505758 -309854 2706598 2309203 99495 282998 -266753 2424943 2998735 98309 -439121 -348720 2309203 0.49000 0.51000 0 0 0 FIXED INCOME 1728752 F MONEY MARKET 60687 F EQUITIES 2276296 F REAL ESTATE FUNDS 352370 F 4418105 2438375 1254608 1183767 -331269 -4440 -335709 848058 2075417 -331269 -4440 -335709 2411126 27249 27249 2438375 1227359 0 1227359 27249 27249 1254608 PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -4440. PART V, LINE 4 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS 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 XI, LINE 8 - OTHER ADJUSTMENTS CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT. PART XII, LINE 2D - OTHER ADJUSTMENTS CHANGES IN VALUE OF SPLIT INTEREST AGREEMENT. X X 1 WINKLER CONSULTING GROUP C/O PO BOX 61227 CHARLESTON SC 294191227 MANAGE CAPITAL CAMPAIGN 0 632922 0 632922 632922 632922 WINE EVENT 468055 58100 409955 147959 468055 58100 409955 147959 147959 261996 BUILDING OPPORTUNITY FUNDRAISING CAMPAIGN THE TTC FOUNDATION IS CURRENTLY RAISING FUNDS FOR THE BUILDING OPPORTUNITY CAMPAIGN, WHICH HAS A $3.5 MILLION GOAL. FUNDS RAISED WILL GO TO SUPPORT SCHOLARSHIPS AND TECHNOLOGY PROJECTS. THESE FUNDS WILL BE DISPERSED TO THE COLLEGE IN FUTURE YEARS. 0 TRIDENT TECHNICAL COLLEGE PO BOX 118067 CHARLESTON SC 29423 570440170 884217 FMV TO PROVIDE PROGRAM ASSISTANCE TO THE COLLEGE. PROCEDURE FOR MONITORING GRANTS IN THE US 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 SELECT 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. FORM 990, PART VI, SECTION A, LINE 4 THE BY-LAWS WERE AMENDED. FORM 990, PART VI, SECTION B, LINE 11 THE ORGANZIATION EXECUTIVE DIRECTOR AND OTHERS REVIEW THE 990 PRIOR TO ITS RELEASE. 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 15B 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -331269. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -4440. TOTAL TO FORM 990, PART XI, LINE 5: -335709. OVERSIGHT OF THE AUDIT, REVIEW OR COMPLIATION OF THE FINANCIAL STATEMENTS 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 1 1 0 1 1 1 0 0 0 TRIDENT TECHNICAL COLLEGE B 830610 TRIDENT TECHNICAL COLLEGE J 1610 TRIDENT TECHNICAL COLLEGE K 0 TRIDENT TECHNICAL COLLEGE M 0 TRIDENT TECHNICAL COLLEGE N 51997 TRIDENT TECHNICAL COLLEGE O 0