COLLEGE OF CHARLESTON FOUNDATION: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- COLLEGE OF CHARLESTON FOUNDATION (EIN 23-7069236)
- Tax period
- 2010-07-01 to 2011-06-30
- Filed
- 2011-11-11
- IRS object ID
- 201113159349303131
- Schema version
- 2010v3.4
- 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 C
- Schedule D
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-11-11T14:29:59-06:00 | Timestamp |
| Tax Period End Date | 2011-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DIXON HUGHES GOODMAN LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 RIDGEFIELD COURT | AddressLine1 |
| City | ASHEVILLE | City |
| State | NC | State |
| ZIP Code | 28806 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237069236 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COLLEGE OF CHARLESTON FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | COLL | NameControl |
| Phone | 8439533130 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 66 GEORGE STREET | AddressLine1 |
| City | CHARLESTON | City |
| State | SC | State |
| ZIP Code | 29424 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | TRACEY BIBLE | Name |
| Title | DIRECTOR OF FINANCIAL SERVICES | Title |
| Phone | 8439533130 | Phone |
| Date Signed | 2011-11-11 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | AMY BIBBY | Name |
| Phone | 8282542254 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | TRACEY BIBLE | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 66 GEORGE STREET | AddressLine1 |
| City | CHARLESTON | City |
| State | SC | State |
| ZIP Code | 29424 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 14188380 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | GIVING.COFC.EDU/FOUNDATION | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1970 | YearFormation |
| State Legal Domicile | SC | StateLegalDomicile |
| Activity Or Mission Description | TO PROMOTE EDUCATION, RESEARCH, AND DEVELOPMENT PROGRAMS TO BENEFIT THE COLLEGE OF CHARLESTON | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 29 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 28 | NbrIndependentVotingMembers |
| Total Nbr Employees | 29 | TotalNbrEmployees |
| Total Nbr Volunteers | 31 | TotalNbrVolunteers |
| Total Gross UBI | 814 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 2090655 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 8283559 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 0 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 351193 | InvestmentIncomePriorYear |
| Investment Income Current Year | 2246520 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 696341 | OtherRevenuePriorYear |
| Other Revenue Current Year | 1270994 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 3138189 | TotalRevenuePriorYear |
| Total Revenue Current Year | 11801073 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 279957 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 2634836 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 993211 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 2161219 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 55157 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 832007 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 2545310 | OtherExpensePriorYear |
| Other Expenses Current Year | 3057776 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 3818478 | TotalExpensesPriorYear |
| Total Expenses Current Year | 7908988 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -680289 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 3892085 | RevenuesLessExpensesCY |
| Total Assets BOY | 72019640 | TotalAssetsBOY |
| Total Assets EOY | 79780751 | TotalAssetsEOY |
| Total Liabilities BOY | 2390680 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 2069501 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 69628960 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 77711250 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | THE MISSION OF THE COLLEGE OF CHARLESTON FOUNDATION IS TO PROMOTE PROGRAMS OF EDUCATION, RESEARCH, STUDENT DEVELOPMENT, AND FACULTY DEVELOPMENT FOR THE EXCLUSIVE BENEFIT OF THE COLLEGE OF CHARLESTON | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 4418630 | Expense |
| Grants | 2522314 | Grants |
| Description | FACULTY AND PROGRAM ENRICHMENT: THE FOUNDATION PROVIDED FUNDS IN SUPPORT OF THE FOLLOWING AT THE COLLEGE OF CHARLESTON: FACULTY CHAIRS, BUILDING PROGRAMS, OPERATING FUNDS FOR CENTERS OF EXCELLENCE AND VARIOUS OTHER PROGRAMS. THESE PROGRAMS INCLUDE SUPPORT FOR SIX UNDERGRADUATE SCHOOLS. THREE OF THESE SCHOOLS SHARE SPECIAL DISTINCTIONS:- SCHOOL OF LANGUAGES, CULTURES, & WORLD AFFAIRS HAS THE MOST COMPREHENSIVE UNDERGRADUATE FOREIGN LANGUAGE PROGRAM IN THE SOUTHEAST.- SCHOOL OF SCIENCES & MATHEMATICS HAS THE ONLY UNDERGRADUATE DISCOVERY INFORMATICS MAJOR IN THE COUNTRY.- SCHOOL OF BUSINESS HAS THE ONLY ACCELERATED GLOBAL MBA PROGRAM OF ITS KIND IN SOUTH CAROLINA.THE FOLLOWING THREE CENTERS OF EXCELLENCE ALSO RECEIVED FUNDING TO IMPROVE OUR CAMPUS AND COMMUNITY THROUGH SERVICE, INNOVATION, AND SCHOLARSHIP: AVERY RESEARCH CENTER FOR AFRICAN AMERICAN HISTORY AND CULTURE HOME TO 4,000 ARTIFACTS, BOOKS AND SOURCE MATERIALS WHICH TELL THE REMARKABLE HISTORY OF BLACKS IN THE SOUTH CAROLINA LOWCOUNTRY, FROM SLAVERY TO THE RISE OF GULLAH CULTURE AND ON THROUGH THE CIVIL RIGHTS MOVEMENT. HALSEY INSTITUTE OF CONTEMPORARY ART- AS PART OF THE SCHOOL OF THE ARTS, THE HICA EXHIBITS SOME OF THE FINEST CONTEMPORARY ART IN THE SOUTHEAST, SPONSORS LECTURES, FILM SERIES AND PUBLICATIONS, AND SERVES AS AN INSPIRING LIVING LABORATORY FOR UNDERGRADUATE ART STUDENTS. N.E. MILES EARLY CHILDHOOD DEVELOPMENT CENTER- A FULLY ACCREDITED INSTITUTION IS ALSO A DEMONSTRATION PROGRAM FOR THE INNOVATIVE APPROACHES TO EARLY CHILDHOOD EDUCATION TAUGHT IN THE COLLEGE'S UNDERGRADUATE AND GRADUATE TEACHING PROGRAMS. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 2026680 | Expense |
| Grants | 112522 | Grants |
| Description | SCHOLARSHIPS AND GRANTS: THE FOUNDATION PROVIDED $1,914,158 IN FINANCIAL AID TO SUPPORT STUDENTS AT THE COLLEGE OF CHARLESTON. THIS FINANCIAL AID INCLUDES ACADEMIC, MERIT, AND TRAVEL ABROAD SCHOLARSHIP FUNDING. IN ADDITION, $112,522 WAS PROVIDED IN ACADEMIC AND MERIT ACHIEVEMENT AWARDS. MORE THAN 800 STUDENTS WERE BENEFICIARIES OF THE FINANCIAL AID AND ACADEMIC/MERIT ACHIEVEMENT AWARDS. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 6445310 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| 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 | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 1 | ForeignOffice |
| Foreign Activities | 1 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 1 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| 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 | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 1 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Info In Schedule O Part V | X | InfoInScheduleOPartV |
| Number Forms Transmitted With1096 | 150 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 29 | 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 | 29 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 28 | 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 | 0 | InvestmentInJointVenture |
| 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 | TRACEY BIBLE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 8439537458 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 66 GEORGE ST | AddressLine1 |
| City | CHARLESTON | City |
| State | SC | State |
| ZIP Code | 29424 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (37 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| DR RENEE ANDERSON | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| PEGGY BOYKIN | ||||||||
| DIRECTOR (UNTIL APR 2010) | 1.00 | X | 0 | 0 | 0 | |||
| BETH M BURKE | ||||||||
| DIRECTOR (UNTIL APR 2010) | 1.00 | X | 0 | 0 | 0 | |||
| JACKSON L DAVIS IV | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| DR NAIL W DRAISIN | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| RICHARD D ELLIOTT | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| DENNIS J ENCARNATION | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| ROBERT L FREEMAN | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| KENNETH S GUSTAFSON | ||||||||
| CHAIR | 1.00 | X | 0 | 0 | 0 | X | ||
| H THOMAS HALLBERG | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| DOROTHY G HARRISON | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| A J HEATH | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| TAPLEY O JOHNSON | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| JEFFEREY E KINARD | ||||||||
| TREASURER | 1.00 | X | 0 | 0 | 0 | X | ||
| SHARON B KINGMAN | ||||||||
| VICE CHAIR | 1.00 | X | 0 | 0 | 0 | X | ||
| EDWARD E LEGACY | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| ERNEST L MASTERS JR | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| JOHN E POWELL | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| RENEE ROMBERGER | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| HELLENE S RUNTAGH | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| R KEITH SAULS | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| HILTON C SMITH JR | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| GEORGE G SPAULDING | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| STEVE D SWANSON | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| JOHN H TILLER | ||||||||
| SECRETARY | 1.00 | X | 0 | 0 | 0 | X | ||
| SHARON TOPOREK | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| CHARLES S WAY JR | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| JEFFREY M WEINGARTEN | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| TOMI G YOUNGBLOOD | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| MARGARET FRIERSON | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| AMY HEYEL | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| GEORGE P WATT JR | ||||||||
| EVP- C OF C/ EXEC. DIR. OF FOUNDATION | 40.00 | 93983 | 168126 | 6724 | X | |||
| K TRACEY BIBLE | ||||||||
| DIRECTOR OF FINANCIAL SERVICES | 40.00 | 0 | 77826 | 174 | X | |||
| P GEORGE BENSON | ||||||||
| PRESIDENT, C OF C | 40.00 | 200000 | 160091 | 41959 | X | |||
| GEORGE HYND | ||||||||
| PROVOST- C OF C | 40.00 | 25911 | 241607 | 23078 | X | |||
| ALAN SHAO | ||||||||
| DEAN, SCHOOL OF BUSINESS C OF C | 40.00 | 68750 | 214752 | 4577 | X | |||
| CHRISTOPHER TOBIN | ||||||||
| VP OF DEVELOPMENT, C OF C | 40.00 | 12612 | 156002 | 13139 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 401256 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 1018404 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 89651 | 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 | ARAMARK | BusinessNameLine1 |
Address Of Contractor AddressOfContractor
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 66 GEORGE STREET | AddressLine1 |
| City | CHARLESTON | City |
| State | SC | State |
| ZIP Code | 29424 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Services | CATERING SERVICES | DescriptionOfServices |
| Compensation | 261618 | Compensation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 1 | NumberOfContractorsGT100K |
| Fundraising Events | 81169 | FundraisingEvents |
| All Other Contributions | 8202390 | AllOtherContributions |
| Noncash Contributions | 1054629 | NoncashContributions |
| Total Contributions | 8283559 | TotalContributions |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2174127 | TotalRevenueColumn |
| Exclusion | $2,174,127 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 820841 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 820841 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 820841 | TotalRevenueColumn |
| Exclusion | $820,841 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2391837 | Securities |
| Other | 750 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2320194 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 71643 | Securities |
| Other | 750 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 72393 | TotalRevenueColumn |
| Exclusion | $72,393 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 105666 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 81169 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 67113 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 38553 | TotalRevenueColumn |
| Exclusion | $38,553 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 3411 | GrossSalesOfInventory |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3411 | TotalRevenueColumn |
| Exclusion | $3,411 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Unrelated Business RevenueUnrelatedBusinessRevenue | ExclusionExclusionAmount |
|---|---|---|---|---|
| OTHER REVENUE | 900099 | 400146 | 814 | $399,332 |
| LICENSE TAG INCOME | 900099 | 8043 | $8,043 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 408189 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 11801073 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 814 | UnrelatedBusinessRevenue |
| Exclusion | $3,516,700 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2522314 | Total |
| Program Services | 2522314 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 112522 | Total |
| Program Services | 112522 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 293983 | Total |
| Program Services | 200000 | ProgramServices |
| Management And General | 46992 | ManagementAndGeneral |
| Fundraising | 46991 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1589060 | Total |
| Program Services | 993162 | ProgramServices |
| Management And General | 218739 | ManagementAndGeneral |
| Fundraising | 377159 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 225029 | Total |
| Program Services | 87979 | ProgramServices |
| Management And General | 52575 | ManagementAndGeneral |
| Fundraising | 84475 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 53147 | Total |
| Management And General | 20631 | ManagementAndGeneral |
| Fundraising | 32516 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3309 | Total |
| Program Services | 1955 | ProgramServices |
| Management And General | 1354 | ManagementAndGeneral |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 55157 | Total |
| Fundraising | 55157 | Fundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14227 | Total |
| Management And General | 14227 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 321405 | Total |
| Program Services | 259651 | ProgramServices |
| Management And General | 48128 | ManagementAndGeneral |
| Fundraising | 13626 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 48267 | Total |
| Program Services | 38866 | ProgramServices |
| Management And General | 1100 | ManagementAndGeneral |
| Fundraising | 8301 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 667436 | Total |
| Program Services | 550994 | ProgramServices |
| Management And General | 58725 | ManagementAndGeneral |
| Fundraising | 57717 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 78567 | Total |
| Management And General | 7407 | ManagementAndGeneral |
| Fundraising | 71160 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 727881 | Total |
| Program Services | 691999 | ProgramServices |
| Management And General | 35882 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 336735 | Total |
| Program Services | 298720 | ProgramServices |
| Management And General | 5789 | ManagementAndGeneral |
| Fundraising | 32226 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 663967 | Total |
| Program Services | 596514 | ProgramServices |
| Management And General | 15026 | ManagementAndGeneral |
| Fundraising | 52427 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 180168 | Total |
| Program Services | 90634 | ProgramServices |
| Management And General | 89282 | ManagementAndGeneral |
| Fundraising | 252 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15814 | Total |
| Management And General | 15814 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7908988 | Total |
| Program Services | 6445310 | ProgramServices |
| Management And General | 631671 | ManagementAndGeneral |
| Fundraising | 832007 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 781325 | BOY |
| EOY | 772081 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 132352 | BOY |
| EOY | 132996 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6060108 | BOY |
| EOY | 5829927 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 49534 | BOY |
| EOY | 60609 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17751 | BOY |
| EOY | 32314 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 173904 | BOY |
| EOY | 250209 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 11482331 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 2901219 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9400360 | BOY |
| EOY | 8581112 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 45581635 | BOY |
| EOY | 45813316 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8117441 | BOY |
| EOY | 16600280 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1651141 | BOY |
| EOY | 1651141 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 54089 | BOY |
| EOY | 56766 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 72019640 | BOY |
| EOY | 79780751 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 404335 | BOY |
| EOY | 415766 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1155195 | BOY |
| EOY | 1354474 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17092 | BOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 814058 | BOY |
| EOY | 299261 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2390680 | BOY |
| EOY | 2069501 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11165723 | BOY |
| EOY | 10039855 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 23813970 | BOY |
| EOY | 29969526 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 34649267 | BOY |
| EOY | 37701869 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 69628960 | BOY |
| EOY | 77711250 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 72019640 | BOY |
| EOY | 79780751 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 3892085 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 4190205 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| College Support Org170b1 Aiv | X | CollegeSupportOrg170b1Aiv |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | 6217964 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 6051221 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 7840868 | CurrentTaxYearMinus1Year |
| Current Tax Year | 8283559 | CurrentTaxYear |
| Total | 28393612 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | 6217964 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 6051221 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 7840868 | CurrentTaxYearMinus1Year |
| Current Tax Year | 8283559 | CurrentTaxYear |
| Total | 28393612 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | 28393612 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | 1844271 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | -2622653 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | -2636274 | CurrentTaxYearMinus1Year |
| Current Tax Year | 2246520 | CurrentTaxYear |
| Total | -1168136 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | 3206839 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1426356 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 2116648 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1270994 | CurrentTaxYear |
| Total | 8020837 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 35246313 | TotalSupport |
| Public Support Pertcentage170 | 0.80560 | PublicSupportPertcentage170 |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
| General Explanation | SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME | GeneralExplanation |
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 C IRS990ScheduleC
Lobbying Nontaxable Amount2 LobbyingNontaxableAmount2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | 375534 | CurrentYearMinus3 |
| Total | 375534 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Lobbying Ceiling | $563,301 | LobbyingCeilingAmount |
Total Lobbying Expenditures2 TotalLobbyingExpenditures2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | 40404 | CurrentYearMinus3 |
| Total | 40404 | Total |
Grassroots Nontaxable Amount2 GrassrootsNontaxableAmount2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | 93884 | CurrentYearMinus3 |
| Total | 93884 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grassroots Ceiling | $140,826 | GrassrootsCeilingAmount |
Schedule D IRS990ScheduleD
Art Public Exhibition Amts ArtPublicExhibitionAmts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets In Part X | 1651141 | AssetsInPartX |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Collect Used For Scholar Research | X | CollectUsedForScholarResearch |
| 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 | 45524235 | BeginningOfYearBalance |
| Contributions | 4407649 | Contributions |
| Investment Earnings Or Losses | 8142737 | InvestmentEarningsOrLosses |
| Other Expenditures | 1898169 | OtherExpenditures |
| End Of Year Balance | 56176452 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 44907383 | BeginningOfYearBalance |
| Contributions | 2082900 | Contributions |
| Investment Earnings Or Losses | -852185 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 821443 | GrantsOrScholarships |
| Other Expenditures | -397104 | OtherExpenditures |
| Administrative Expenses | 189524 | AdministrativeExpenses |
| End Of Year Balance | 45524235 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 37800850 | BeginningOfYearBalance |
| Contributions | 1557923 | Contributions |
| Investment Earnings Or Losses | 6898508 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 706803 | GrantsOrScholarships |
| Other Expenditures | 357680 | OtherExpenditures |
| Administrative Expenses | 285415 | AdministrativeExpenses |
| End Of Year Balance | 44907383 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.00700 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.67200 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.32100 | 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 | 3230568 | OtherCostOrOtherBasis |
| Book Value | 3230568 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2603702 | OtherCostOrOtherBasis |
| Depreciation | 2135325 | Depreciation |
| Book Value | 468377 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 502941 | OtherCostOrOtherBasis |
| Depreciation | 75079 | Depreciation |
| Book Value | 427862 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5145120 | OtherCostOrOtherBasis |
| Depreciation | 690815 | Depreciation |
| Book Value | 4454305 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 8581112 | TotalOfBookValueLandBuildings |
Financial Derivatives FinancialDerivatives
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | 6308106 | BookValue |
| Method Of Valuation | F | MethodOfValuation |
Other Securities OtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | TIFF KEYSTONE FUND | Description |
| Book Value | 10292174 | BookValue |
| Method Of Valuation | F | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 16600280 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | ANNUITIES PAYABLE | Description |
| Amount | $299,261 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 299261 | TotalOfAmounts |
| Total Revenue | 11801073 | TotalRevenue |
| Total Expenses | 7908988 | TotalExpenses |
| Excess Or Deficit For Year | 3892085 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 6068835 | NetUnrealizedGLOnInvestments |
| Prior Period Adjustments | -1861647 | PriorPeriodAdjustments |
| Other | -$16,983 | OtherAmount |
| Total Adjustments | 4190205 | TotalAdjustments |
| Excess Or Deficit Per FS | 8082290 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 18114863 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 6068835 | NetUnrealizedGainsInvestments |
| Other Revenues | 259182 | OtherRevenues |
| Revenue Not Rptd F990 | 6328017 | RevenueNotRptdF990 |
| Revenue Subtotal | 11786846 | RevenueSubtotal |
| Other Revenues Not Included | 14227 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 14227 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 11801073 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 8170926 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 276165 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 276165 | ExpensesNotRptdF990 |
| Expenses Subtotal | 7894761 | ExpensesSubtotal |
| Other Expenses Not Included | 14227 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 14227 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 7908988 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (7 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| PART III, LINE 4: | THE COLLEGE OF CHARLESTON FRIENDS OF THE LIBRARY'S MISSION IS TO ADVANCE INTELLECTUAL AND CULTURAL EXCELLENCE ON OUR CAMPUS AND THROUGHOUT THE COMMUNITY. PART OF THAT MISSION INCLUDES ENHANCING THE HOLDINGS IN SPECIAL COLLECTIONS AT THE MARLENE AND NATHAN ADDLESTONE LIBRARY. SPECIAL COLLECTIONS IS COMPRISED OF RARE AND VALUABLE BOOKS, MANUSCRIPTS, AND OTHER COLLECTIBLES THAT SUPPORT RESEARCH BY STUDENTS, FACULTY, AND VISITING SCHOLARS. IN RECENT YEARS, SPECIAL COLLECTIONS STAFF IDENTIFIED SEVERAL SIGNIFICANT TITLES THAT WOULD BE STRATEGIC ACQUISITIONS TO CURRENT COLLECTIONS. THE STAFF WAS ABLE TO SECURE THESE ACQUISITIONS AND TO DATE ALL HAVE BEEN USED BY STUDENTS OR FACULTY FOR RESEARCH PAPERS AS PART OF SEVERAL ACADEMIC COURSES TAUGHT AT THE COLLEGE OF CHARLESTON. THESE ACQUISITIONS WOULD NOT HAVE BEEN POSSIBLE WITHOUT PRIVATE SUPPORT. THE IMPACT OF THESE TITLES ON THE ENTIRE CAMPUS AND THE COMMUNITY IS ENDLESS AND IMMEASURABLE. IN TIME, WITH SUPPORT OF THE FRIENDS OF THE LIBRARY, THE STAFF IN SPECIAL COLLECTIONS HOPES TO CONTINUOUSLY GROW THE COLLECTIONS IN THE SAME MANNER. | |
| PART V, LINE 4: | THE FOUNDATIONS ENDOWMENT CONSISTS OF APPROXIMATELY 400 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF DIRECTORS TO FUNCTION AS ENDOWMENTS. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES IN THE UNITED STATES OF AMERICA, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF DIRECTORS TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. | DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: |
| PART X: | THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; ACCORDINGLY, THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION OR LIABILITY FOR FEDERAL AND STATE INCOME TAXES. THE FOUNDATION HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF JUNE 30, 2011. FISCAL YEARS ON OR AFTER JUNE 30, 2008 REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAX AUTHORITIES. CONTRIBUTIONS MADE TO THE FOUNDATION QUALIFY FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 509(A)(1) AND 170(B)(1)(A)(IV) OF THE INTERNAL REVENUE CODE. | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: |
| CHANGE IN ENDOWMENT VALUE 199,279. CHANGE IN IRA VALUE 899. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -8,109. FUNDRAISING EXPENSES INCLUDED IN REVENUE 67,113. | PART XII, LINE 2D - OTHER ADJUSTMENTS: | |
| INVESTMENT EXPENSES NETTED WITH REVENUE 14,227. | PART XII, LINE 4B - OTHER ADJUSTMENTS: | |
| CHANGE IN IRA VALUE 899. CHANGE IN ENDOWMENT VALUE 199,279. CHANGE IN ALLOWANCE FOR UNCOLLECTIBLE PROMISES TO GIVE 8,874. FUNDRAISING EXPENSES INCLUDED IN REVENUE 67,113. | PART XIII, LINE 2D - OTHER ADJUSTMENTS: | |
| INVESTMENT EXPENSES NETTED WITH REVENUE 14,227. | PART XIII, LINE 4B - OTHER ADJUSTMENTS: |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | EUROPE | Region |
| Type Of Activities Conducted | PROGRAM SERVICE | TypeOfActivitiesConducted |
| Specific Services Provided | A PROPERTY IN TRUJILLO, SPAIN, WAS DONATED TO THE COLLEGE OF CHARLESTON FOR USE IN THE STUDY ABROAD PROGRAM. THE PROPERTY IS NOW BEING USED AS THE RESIDENCE FOR THE PROFESSORS INVOLVED IN THIS PROGRAM. IT HAS BECOME THE FOUNDATION'S DUTY TO MAINTAIN AND MANAGE THE PROPERTY, SO THAT IT MAY BENEFIT MANY GENERATIONS TO COME. | SpecificServicesProvided |
| Total Expenditures | 56783 | TotalExpenditures |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Employees | 0 | SubtotalNumberOfEmployees |
| Cont Number Of Employees | 0 | ContNumberOfEmployees |
| Total Number Of Employees | 0 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 56783 | SubtotalAmountSpent |
| Cont Amount Spent | 0 | ContAmountSpent |
| Total Amount Spent | 56783 | TotalAmountSpent |
| Transfer To Foreign Corp | 0 | TransferToForeignCorp |
| Interest In Foreign Trust | 0 | InterestInForeignTrust |
| Own Foreign Corp | 0 | OwnForeignCorp |
| Passive Foreign Invest Co | 0 | PassiveForeignInvestCo |
| Foreign Partnership | 0 | ForeignPartnership |
| Boycott Countries | 0 | BoycottCountries |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | X | MailSolicitations |
| Email Solicitations | X | EmailSolicitations |
| In Person Solicitations | X | InPersonSolicitations |
| Solicitation Of Non Govt Grants | X | SolicitationOfNonGovtGrants |
| Special Fundraising Events | X | SpecialFundraisingEvents |
| Agreement Ref Fundraising | 1 | AgreementRefFundraising |
Fundraiser Activity Information FundraiserActivityInformation
Name Of Organization NameOfOrganization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRENZEBACH GLIER & ASSOCIATES | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 401 N MICHIGAN AVE STE 2800 | AddressLine1 |
| City | CHICAGO | City |
| State | IL | State |
| ZIP Code | 60611 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activity | COMPREHENSIVE CAMPAIGN CONSULTATION, NO SOLICITATION OF FUND | Activity |
| Fundraiser Control Of Funds | 0 | FundraiserControlOfFunds |
| Gross Receipts | 0 | GrossReceipts |
| Amount Retained By Contractor | 55157 | AmountRetainedByContractor |
| Net To Organization | -55157 | NetToOrganization |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Retained By Contractors | 55157 | TotalRetainedByContractors |
| Total Net To Organization | -55157 | TotalNetToOrganization |
| Licensed States | SC | LicensedStates |
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | SOTA GALA | NameOfEvent1 |
| Gross Receipts Event1 | 105369 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 44389 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 60980 | GrossRevenueEvent1 |
| Rent Facility Costs Event1 | 9195 | RentFacilityCostsEvent1 |
| Food And Beverage Event1 | 4761 | FoodAndBeverageEvent1 |
| Entertainment Event1 | 2006 | EntertainmentEvent1 |
| Other Direct Expenses Event1 | 27278 | OtherDirectExpensesEvent1 |
| Name Of Event2 | MUSEUM GALA | NameOfEvent2 |
| Gross Receipts Event2 | 48721 | GrossReceiptsEvent2 |
| Charitable Contributions Event2 | 28816 | CharitableContributionsEvent2 |
| Gross Revenue Event2 | 19905 | GrossRevenueEvent2 |
| Food And Beverage Event2 | 935 | FoodAndBeverageEvent2 |
| Entertainment Event2 | 600 | EntertainmentEvent2 |
| Other Direct Expenses Event2 | 7321 | OtherDirectExpensesEvent2 |
| Total Number Of Other Events | 1 | TotalNumberOfOtherEvents |
| Gross Receipts Other Events | 32745 | GrossReceiptsOtherEvents |
| Charitable Contrib Other Events | 8575 | CharitableContribOtherEvents |
| Gross Revenue Other Events | 24170 | GrossRevenueOtherEvents |
| Rent Facility Costs Other Events | 3458 | RentFacilityCostsOtherEvents |
| Food And Beverage Other Events | 8630 | FoodAndBeverageOtherEvents |
| Other Direct Expenses Other Events | 2929 | OtherDirectExpensesOtherEvents |
| Gross Receipts Total | 186835 | GrossReceiptsTotal |
| Charitable Contributions Total | 81780 | CharitableContributionsTotal |
| Gross Revenue Total Events | 105055 | GrossRevenueTotalEvents |
| Rent Facility Costs Total Events | 12653 | RentFacilityCostsTotalEvents |
| Food And Beverage Total Events | 14326 | FoodAndBeverageTotalEvents |
| Entertainment Total Events | 2606 | EntertainmentTotalEvents |
| Other Direct Expenses Total Events | 37528 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 67113 | DirectExpenseSummaryEvents |
| Net Income Summary | 37942 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable (4 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | IRC SectionIRCSection | Amount Of Cash GrantAmountOfCashGrant | Purpose Of GrantPurposeOfGrant |
|---|---|---|---|---|---|---|---|
| COLLEGE OF CHARLESTON | |||||||
| 66 GEORGE ST | CHARLESTON | SC | 29424 | 576000265 | 501C3 | 2245480 | COLLEGE OF CHARLESTON: GRANTS PROVIDED TO THE COLLEGE OF CHARLESTON ARE USED TO PROMOTE PROGRAMS OF EDUCATION, RESEARCH, STUDENT DEVELOPMENT, AND FACULTY DEVELOPMENT IN ACCORDANCE WITH THE MISSION STATEMENT OF THE FOUNDATION. |
| COLLEGE OF CHARLESTON ALUMNI ASSOCIATION | |||||||
| PO BOX 20216 | CHARLESTON | SC | 29413 | 570760038 | 501C3 | 90000 | COLLEGE OF CHARLESTON ALUMNI ASSOCIATION: PER A MEMORANDUM OF UNDERSTANDING (MOU) WITH THE ALUNMI ASSOCIATION OF THE COLLEGE OF CHARLESTON, THE COLLEGE OF CHARLESTON FOUNDATION PROVIDED SUPPORT IN THE AMOUNT OF $85,000 FOR THE 2010 CALENDAR YEAR AND $95,000 FOR THE 2011 CALENDAR YEAR, WITH PAYMENTS DUE AT THE BEGINNING OF EACH QUARTER. THE MOU WAS EXECUTED ON OCTOBER 9, 2009 FOR A THREE-YEAR PERIOD, AND APPROVED BY THE FOUNDATION BOARD OF DIRECTORS AND THE ALUMNI ASSOCIATION BOARD OF DIRECTORS. FOR THE FISCAL YEAR JULY 1, 2010 - JUNE 30, 2011 THE FOUNDATION PAID THE ALUMNI ASSOCIATION $90,000 IN ACCORDANCE WITH THE MOU. |
| COLLEGE OF CHARLESTON COUGAR CLUB | |||||||
| 307 MEETING ST | CHARLESTON | SC | 29401 | 570640443 | 501C3 | 36475 | COLLEGE OF CHARLESTON COUGAR CLUB: THE COUGAR CLUB AT THE COLLEGE OF CHARLESTON IS THE FUND-RAISING ORGANIZATION FOR THE DEPARTMENT OF ATHLETICS, PROVIDING SUPPORT FOR STUDENT ATHLETES IN MEETING THEIR ACADEMIC AND ATHLETIC GOALS. THE COLLEGE OF CHARLESTON FOUNDATION MANAGES ENDOWMENT FUNDS WHICH ARE DESIGNATED FOR THE BENEFIT OF ATHLETICS. THE GRANT FOR $36,475 REPRESENTS THE AMOUNT APPROPRIATED FOR SAILING PROGRAM OPERATIONS, WHICH WAS TRANSFERRED TO THE COUGAR CLUB TO PROVIDE OVERSIGHT IN DISBURSEMENT. |
| CHARLESTON CREW ALUMNI ASSOCIATION | |||||||
| PO BOX 12941 | CHARLESTON | SC | 29422 | 261369035 | 10100 | CHARLESTON CREW ALUMNI ASSOCIATION: THE CHARLESTON CREW ALUMNI ASSOCIATION (CCAA) IS ORGANIZED FOR THE PROMOTION OF THE SPORT OF ROWING. THE FUNDS GIVEN WERE A ONE-TIME GRANT USED TO PURCHASE A PIECE OF EQUIPMENT [ROWING BOAT] FOR THE COLLEGE OF CHARLESTON CREW TEAM. THE CREW TEAM IS AN INTRAMURAL ACTIVITY WITHIN THE DIVISION OF STUDENT AFFAIRS RATHER THAN THROUGH ATHLETICS. | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 3 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 1 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part III Form990ScheduleIPartIII (2 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant | Method Of ValuationMethodOfValuation |
|---|---|---|---|
| ACADEMIC & ACHIEVEMENT AWARDS | 198 | 110404 | FMV |
| STUDENT EMERGENCY ASSISTANCE | 4 | 2118 | FMV |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: GRANTS TO ORGANIZATIONS: THROUGH ITS REPRESENTATIVES ON THE ALUMNI BOARD AND THE COUGAR CLUB BOARD, THE FOUNDATION IS ABLE TO MONITOR FINANCIAL AND PROGRAM ACTIVITY FOR EACH OF THESE RESPECTIVE ORGANIZATIONS. WITH REGARD TO THE COLLEGE OF CHARLESTON, THE FOUNDATION WAS ESTABLISHED TO PROMOTE PROGRAMS OF EDUCATION, RESEARCH, STUDENT DEVELOPMENT, AND FACULTY DEVELOPMENT FOR THE EXCLUSIVE BENEFIT OF THE COLLEGE OF CHARLESTON. IN ADDITION, THE FOUNDATION AND THE COLLEGE OF CHARLESTON HAVE EXECUTED A MEMORANDUM OF AGREEMENT TO GUIDE EXPECTATIONS BETWEEN THE TWO ORGANIZATIONS. THE CHARLESTON CREW ALUMNI ASSOCIATION RECEIVED A ONE-TIME GRANT TO ASSIST WITH PURCHASING A PIECE OF EQUIPMENT FOR THE COLLEGE OF CHARLESTON CREW TEAM. GRANTS/ASSISTANCE TO INDIVIDUALS: ACADEMIC & ACHEIVEMENT AWARDS ARE DISTRIBUTED BASED ON SPECIFIC CRITERIA ESTABLISHED IN DONOR GIFT AGREEMENTS AS WELL AS BY ACADEMIC UNITS AT THE COLLEGE OF CHARLESTON. THE ACADEMIC UNITS ARE RESPONSIBLE FOR SELECTING RECIPIENTS BASED ON ESTABLISHED CRITERIA. STUDENT EMERGENCY ASSISTANCE IS PROVIDED BASED ON AN APPLICATION PROCESS MANAGED BY THE COLLEGE OF CHARLESTON DIVISION OF STUDENT AFFAIRS, WHO SHALL SUBMIT APPROVED REQUESTS TO THE FOUNDATION FOR DISTRIBUTION TO A STUDENT. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | X | FirstClassOrCharterTravel |
| Travel For Companions | X | TravelForCompanions |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Independent Consultant | X | IndependentConsultant |
| Written Employment Contract | X | WrittenEmploymentContract |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 1 | 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 (5 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GEORGE P WATT JR | |||||||||||||
| 90000 | 168126 | 0 | 0 | 3983 | 0 | 0 | 0 | 0 | 6724 | 93983 | 174850 | 0 | 0 |
| P GEORGE BENSON | |||||||||||||
| 200000 | 159294 | 0 | 0 | 0 | 797 | 35000 | 0 | 0 | 6959 | 235000 | 167050 | 0 | 0 |
| GEORGE HYND | |||||||||||||
| 24306 | 241588 | 0 | 0 | 1605 | 19 | 0 | 0 | 1364 | 21714 | 27275 | 263321 | 0 | 0 |
| ALAN SHAO | |||||||||||||
| 68750 | 214752 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4577 | 68750 | 219329 | 0 | 0 |
| CHRISTOPHER TOBIN | |||||||||||||
| 12612 | 156002 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13139 | 12612 | 169141 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| PART I, LINE 1A | PAYMENT OF FIRST CLASS TRAVEL FOR THE PRESIDENT OF THE COLLEGE OF CHARLESTON AND TRAVEL FOR THE PRESIDENT'S SPOUSE ARE FOR THE BENEFIT OF THE COLLEGE OF CHARLESTON. THE PRESIDENT IS ONLY PERMITTED TO FLY FIRST CLASS FOR FLIGHTS OVER 2HRS, AS SUCH THIS IS CONSIDERED A WORKING CONDITION FRINGE AND IS NOT CONSIDERED ADDITIONAL COMPENSATION. THE PRESIDENT USED FIRST CLASS TRAVEL FOR ONLY ONE FLIGHT. PAYMENT FOR THE PRESIDENT'S SPOUSE TO TRAVEL WAS FOR ONE FLIGHT ONLY. THIS SPOUSE TRAVEL PAYMENT WILL BE INCLUDED IN THE PRESIDENT'S 2011 COMPENSATION. |
| PART I, LINE 4B | THE COLLEGE OF CHARLESTON (THE INSTITUTION) OFFERS A 457(F) NON-QUALIFIED RETIREMENT PLAN TO ITS EXECUTIVE EMPLOYEES AS DESIGNATED BY ITS BOARD OF TRUSTEES FROM TIME TO TIME. THE PLAN IS OWNED BY THE COLLEGE OF CHARLESTON AND THE COLLEGE OF CHARLESTON FOUNDATION FUNDS THE PLAN. THE TERMS OF THE RETIREMENT PLAN INCLUDE THE FOLLOWING: THE INSTITUTION SHALL NOT PAY THE AMOUNT OF THE PARTICIPANT'S DEFERRED SALARY ACCOUNT TO THE PARTICIPANT OR THE PARTICIPANT'S DESIGNATED BENEFICIARY UNTIL 60 DAYS AFTER THE EARLIEST OF (1) THE DATE RELATIVE TO CONTINUOUS FULL TIME EMPLOYMENT AS DESIGNATED IN THE AGREEMENT, (2) THE PARTICIPANT'S DEATH, (3) THE PARTICIPANT'S DISABILITY AS DEFINED IN IRC SECTION 409A(A)(2)(C), OR (4) THE PARTICIPANT'S INVOLUNTARY TERMINATION OF EMPLOYMENT FROM THE INSTITUTION FOR REASONS OTHER THAN JUST CAUSE. THE PARTICIPANT WILL HAVE NO RIGHTS IN THE DEFERRED SALARY ACCOUNT UNLESS HE OR SHE REMAINS EMPLOYED BY THE INSTITUTION UNTIL ATTAINMENT OF THE DATE RELATIVE TO CONTINUOUS FULL TIME EMPLOYMENT AS DESIGNATED IN THE AGREEMENT UNLESS TERMINATION OF EMPLOYMENT IS DUE TO THE PARTICIPANT'S DEATH OR TOTAL DISABILITY OR THE PARTICIPANT'S EMPLOYMENT IS INVOLUNTARILY TERMINATED FOR REASONS OTHER THAN JUST CAUSE. IF TERMINATION IS FOR ANY OTHER REASON, THEN NO PAYMENT SHALL BE DUE UNDER THE AGREEMENT. THE DEFERRED SALARY ACCOUNT SHALL BE PAID BY THE INSTITUTION TO THE PARTICIPANT OR DESIGNATED BENEFICIARY IN A LUMP SUM PAYMENT OF THE SINGLE SUM VALUE OF THE DEFERRED SALARY ACCOUNT. THE FOLLOWING INDIVIDUAL PARTICIPATED IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN FOR 2010, AS FOLLOWS. P. GEORGE BENSON: $ 35,000 |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 12825 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenues |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 18 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 368309 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenues |
Collectibles Collectibles
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 523800 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable (2 entries)
| Non Cash CheckboxNonCashCheckbox | DescriptionDescription | Number Of ContributionsNumberOfContributions | Noncash Contribs Rptd F990NoncashContribsRptdF990 | Method Of Determining RevenuesMethodOfDeterminingRevenues |
|---|---|---|---|---|
| X | HORSES | 2 | 115000 | FAIR MARKET VALUE |
| X | GLASSWARE | 1 | 19695 | FAIR MARKET VALUE |
| 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)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| TOTAL NUMBER OF EMPLOYEES | FORM 990, PART V, PAGE 5, LINE 2A | THE FOUNDATION OPERATED WITH 29 EMPLOYEES DURING THE YEAR. 6 OF THOSE EMPLOYEES WERE PAID BY THE COLLEGE OF CHARLESTON FOUNDATION, AND WERE REFLECTED ON THE FOUNDATION'S FORM W-3. THE REMAINDER OF THE EMPLOYEES FOR THE FOUNDATION WERE PAID BY THE COLLEGE OF CHARLESTON, AND THEIR SALARY EXPENSE WAS REIMBURSED BY THE FOUNDATION TO THE COLLEGE OF CHARLESTON. |
| FORM 990, PART VI, SECTION A, LINE 2 | ROBERT FREEMAN AND CHARLES WAY HAVE A FAMILY RELATIONSHIP. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE RETURN WAS PREPARED BY AN INDEPENDENT ACCOUNTANT WITH ASSISTANCE AND OVERSIGHT BY MANAGEMENT. A COPY OF THE 990 WAS PRESENTED TO THE MEMBERS OF THE AUDIT AND FINANCE COMMITTEES. THE COMMITTEES REVIEWED THE FORM AND SUPPORTING SCHEDULES. FOLLOWING REVIEW BY THE COMMITTEES, THE FULL BOARD WAS PROVIDED A LINK TO ACCESS THE FULL FORM 990 PRIOR TO THE BOARD MEETING AT WHICH A PRESENTATION WAS MADE. THE CHAIR OF THE AUDIT COMMITTEE PRESENTED A SUMMARY REVIEW OF THE 990 TO THE BOARD. THE BOARD DOCUMENTED THIS REVIEW IN THE MEETING MINUTES. THE FORM 990 WAS FILED FOLLOWING THE BOARD REVIEW. | |
| FORM 990, PART VI, SECTION B, LINE 12C | IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF HIS OR HER FINANCIAL INTEREST AND ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH BOARD-DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE OR SHE SHALL LEAVE THE BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. PROCEDURES FOR ADDRESSING THE CONFLICT OF INTEREST: A. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE BOARD OR COMMITTEE MEETING, BUT AFTER SUCH PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT THAT RESULTS IN THE CONFLICT OF INTEREST. B. THE CHAIRPERSON OF THE BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. C. AFTER EXERCISING DUE DILIGENCE, THE BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE FOUNDATION CAN OBTAIN A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT WITH REASONABLE EFFORTS FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. D. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY ATTAINABLE UNDER CIRCUMSTANCES THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST, THE BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE FOUNDATION'S BEST INTEREST AND FOR ITS OWN BENEFIT AND WHETHER THE TRANSACTION IS FAIR AND REASONABLE TO THE FOUNDATION AND SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT IN CONFORMITY WITH SUCH DETERMINATION. EACH DIRECTOR, OFFICER AND MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THAT SUCH PERSON A. HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, B. HAS READ AND UNDERSTANDS THE POLICY, C. HAS AGREED TO COMPLY WITH THE POLICY, AND D. UNDERSTANDS THAT THE FOUNDATION IS A CHARITABLE ORGANIZATION AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. TO ENSURE THAT THE FOUNDATION OPERATES IN A MANNER CONSISTENT WITH ITS CHARITABLE PURPOSES AND THAT IT DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS STATUS AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX, PERIODIC REVIEWS SHALL BE CONDUCTED. THE PERIODIC REVIEWS SHALL, AT A MINIMUM INCLUDE THE FOLLOWING SUBJECTS: A. WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE AND ARE THE RESULT OF ARM'S-LENGTH BARGAINING. B. WHETHER TRANSACTIONS WITH PARTIES ARE PROPERLY RECORDED, REFLECT REASONABLE PAYMENTS FOR GOODS AND SERVICES, FURTHER THE FOUNDATION'S CHARITABLE PURPOSES AND DO NOT RESULT IN INUREMENT OR IMPERMISSIBLE PRIVATE BENEFIT. | |
| FORM 990, PART VI, SECTION B, LINE 15 | THE FOUNDATION'S EMPLOYEES ARE HIRED AND PAID BY THE COLLEGE OF CHARLESTON. THE FOUNDATION THEN REIMBURSES THE COLLEGE FOR PORTIONS OF THE EMPLOYEES' SALARY COSTS. THE HIRING PROCESS IS MONITORED BY THE HUMAN RESOURCES DEPARTMENT OF THE COLLEGE OF CHARLESTON AND IS SUBJECT TO THE COLLEGE'S POLICIES AND PROCEDURES. IN RECENT YEARS WHEN HIRING OFFICERS AND KEY EMPLOYEES, THE FOUNDATION HAS CONTRACTED WITH AN OUTSIDE EXECUTIVE SEARCH FIRM WHO ASSISTS IN LOCATING AND INTERVIEWING CANDIDATES. THE FOUNDATION CONSULTS WITH THE SEARCH FIRM AND USES THE FIRM'S EXPERIENCE AND EXPERTISE IN DETERMINING COMPENSATION PACKAGES FOR THESE INDIVIDUALS THAT ARE COMPARABLE TO THOSE OF SIMILAR ORGANIZATIONS. COMPENSATION FOR THE TOP EXECUTIVE, THE EXECUTIVE DIRECTOR OF THE FOUNDATION, IS APPROVED BY THE CHAIR OF THE BOARD, PRIOR TO HIRING. | |
| FORM 990, PART VI, SECTION C, LINE 18 | PHOTOCOPIES OF THE FORM 990 ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S ACCOUNTING OFFICE. IN ADDITION, RECENT FILINGS OF THE FORM 990 ARE AVAILABLE ONLINE AT WWW.GUIDESTAR.ORG AND ON THE FOUNDATION'S WEBSITE. | |
| FORM 990, PART VI, SECTION C, LINE 19 | COPIES OF THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE FOUNDATION'S WEBSITE AND UPON REQUEST AT THE ORGANIZATION'S ADMINISTRATIVE OFFICES. | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | FORM 990, PART XI, LINE 5: | NET UNREALIZED GAINS ON INVESTMENTS: 6,068,835. PRIOR PERIOD ADJUSTMENTS: -1,861,647. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -8,109. CHANGE IN ALLOWANCE FOR UNCOLLECTIBLE PROMISES TO GIVE -8,874. TOTAL TO FORM 990, PART XI, LINE 5: 4,190,205. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COLLEGE OF CHARLESTON | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 66 GEORGE ST | AddressLine1 |
| City | CHARLESTON | City |
| State | SC | State |
| ZIP Code | 29424 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 576000265 | EIN |
| Primary Activities | HIGHER EDUCATION | PrimaryActivities |
| Legal Domicile State | SC | LegalDomicileState |
| Exempt Code Section | IRC 115 | ExemptCodeSection |
| Public Charity Status | LINE 2 | PublicCharityStatus |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
| Controlled Org | 0 | ControlledOrg |
| 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 | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 1 | OtherTransferFromOtherOrg |
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