College Of Charleston Foundation in Charleston, South Carolina (SC)

Organization representatives - add corrected or new information about College Of Charleston Foundation »

Non-representatives - add comments about College Of Charleston Foundation»

College Of Charleston Foundation
Employer Identification Number (EIN)237069236
Name of OrganizationCollege Of Charleston Foundation
Address66 George Street, Charleston, SC 29424-0001
ActivitiesGifts, grants, or loans to other organizations
SubsectionCharitable Organization, Educational Organization
Ruling Date02/1971
DeductibilityContributions are deductible
FoundationOrganization which operates for benefit of college or university and is owned or operated by a governmental unit
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2013
Assets$50,000,000 to greater
Income$10,000,000 to $49,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$95,929,140
Amount of Income$23,557,758
Form 990 Revenue Amount$16,803,457
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Single Organization Support


Non-representatives - add comments:


CAPTCHA

Your IP address 13.58.77.244 will be logged.

Amount of income in 2013: $23,557,758
College Of Charleston Foundation: 

 $23,557,758
Other organizations performing similar types of work: 

 $862,721

Assets in 2013: $95,929,140
This organization: 

 $95,929,140
Other organizations performing similar types of work: 

 $1,737,288

Expenses in 2013: $10,011,574
This organization: 

 $10,011,574
Other organizations performing similar types of work: 

 $502,842

Income to expenses ratio in 2013: 2.4
This organization: 

 2.4
Other organizations performing similar types of work: 

 4.1

Expenses allocated to program services in 2007: 78.4%
This organization: 

 78.4%
Other organizations performing similar types of work: 

 89.2%

Employees paid over $100,000 in 2013: 40.0%
This organization: 

 40.0%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2013: 81.0%
College Of Charleston Foundation: 

 81.0%
Other organizations performing similar types of work: 

 86.9%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Support schedule

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?Yes
Is the organization required to complete Schedule B, Schedule of Contributors?Yes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?No
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?No
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?No
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?No
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?No
Did the organization maintain collections of works of art, historical treasures, or other similar assets?Yes
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?Yes
Did the organization report an amount for land, buildings, and equipment?Yes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?Yes
Did the organization report an amount for investments-program related that is 5% or more of its total assets?Yes
Did the organization report an amount for other assets that is 5% or more of its total assets?No
Did the organization report an amount for other liabilities?Yes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?Yes
Did the organization obtain separate, independent audited financial statements for the tax year?Yes
Was the organization included in consolidated, independent audited financial statements for the tax year?Yes
Is the organization a school described in section 170(b)(1)(A)(ii)?No
Did the organization maintain an office, employees, or agents outside of the United States?Yes
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?Yes
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?No
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?No
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?Yes
Did the organization report more than $15,000 total of fundraising event gross income and contributions?Yes
Did the organization report more than $15,000 of gross income from gaming activities?No
Did the organization operate one or more hospital facilities?No
Did the organization attach a copy of its audited financial statements?No
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?Yes
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?Yes
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?Yes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?No
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?No
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?No
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?No
Did the organization engage in an excess benefit transaction with a disqualified person during the year?No
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?No
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?No
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?No
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?No
A family member of a current or former officer, director, trustee, or key employee?Yes
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?No
Did the organization receive more than $25,000 in non-cash contributions?Yes
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?Yes
Did the organization liquidate, terminate, or dissolve and cease operations?No
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?No
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?No
Was the organization related to any tax-exempt or taxable entity?Yes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?No
Did the organization make any transfers to an exempt non-charitable related organization?Yes
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?No
Statements Regarding Other IRS Filings and Tax Compliance
20122013
The number reported in Box 3 of Form 1096166
The number of Forms W-2G0
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?Yes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return5
Did the organization file all required federal employment tax returns?Yes
Did the organization have unrelated business gross income of $1,000 or more during the year?YesNo
Has it filed a Form 990-T for this year?Yes
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?No
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?No
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?No
Did the organization file Form 8886-T?No
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?No
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?No
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?Yes
Did the organization notify the donor of the value of the goods or services provided?Yes
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?No
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?No
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?No
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?No
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?No
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?No
Did the sponsoring organization make any taxable distributions under section 4966?No
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?No
Initiation fees and capital contributions$0$0
Gross receipts for public use of club facilities $0$0
Gross income from members or shareholders$0$0
Gross income from other sources$0$0
Is the organization filing Form 990 in lieu of Form 1041?No
The amount of tax-exempt interest received or accrued during the year$0
Is the organization licensed to issue qualified health plans in more than one state?No
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0
The amount of reserves on hand$0
Did the organization receive any payments for indoor tanning services during the tax year?No
Has it filed a Form 720 to report these payments?No
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$593,636
Total reportable compensation from related organizations$1,152,406
Total estimated amount of other compensation from the organization and related organizations$69,947
Total number of individuals who received more than $100,000 of reportable compensation from the organization1
Total number of independent contractors who received more than $100,000 of compensation from the organization1
Statement of Revenue
20122013
Total revenue$14,199,423$16,803,457
Contributions, Gifts, Grants and Other Similar Amounts$10,747,497$13,603,922
Program Service Revenue$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$2,114,566$2,112,181
Income from investment of tax-exempt bond proceeds$0$0
Royalties$0$0
Net rental income$820,841$820,841
Gross rents (Real / Personal)$820,841 / $0$820,841 / $0
Less: rental expenses (Real / Personal)$0 / $0$0 / $0
Rental income or (loss) (Real / Personal)$820,841 / $0$820,841 / $0
Net gain/loss from sales of assets other than inventory$52,300$-6,705
Gross amount from sales of assets other than inventory (Securities / Other)$1,768,994 / $12,000$6,693,892 / $0
Less: cost or other basis and sales expenses (Securities / Other)$1,712,384 / $16,310$6,677,502 / $23,095
Gain or (loss) (Securities / Other)$56,610 / $-4,310$16,390 / $-23,095
Net income/loss from fundraising events$12,886$-23,376
Gross income from fundraising events$51,014$30,328
Less: direct expenses$38,128$53,704
Net income/loss from gaming activities$0$0
Net income/loss from sales of inventory$4,719$4,994
Gross sales of inventory, less returns and allowances$4,719$4,994
Less: cost of goods sold$0$0
Miscellaneous Revenue$446,614$291,600
900099$284,000
900099$7,600
All other revenue$0
Statement of Functional Expenses
20122013
Total functional expenses$8,721,194$10,011,574
Grants and other assistance to domestic organizations and domestic governments$3,454,633
Grants and other assistance to domestic individuals$158,992
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, trustees, and key employees$294,968$527,526
Compensation not included above, to disqualified persons$0
Other salaries and wages$1,642,983$1,647,008
Pension plan accruals and contributions$37,564
Other employee benefits$279,842
Payroll taxes$52,157$60,062
Fees for services (non-employees)
Management$0
Legal$53,985
Accounting$0
Lobbying$0
Professional fundraising services$100,924$35,931
Investment management fees$28,608
Other$449,459
Advertising and promotion$104,071
Office expenses$1,027,974
Information technology$84,044
Royalties$0
Occupancy$465,376
Travel$533,960
Payments of travel or entertainment expenses for any federal, state, or local public officials$0
Conferences, conventions, and meetings$669,595
Interest$0
Payments to affiliates$0
Depreciation, depletion, and amortization$268,020
Insurance$21,105
Other expenses$47,055
Other expenses$44,762
Other expenses$12,002
Balance Sheet
20122013
Total assets$85,473,047$95,929,140
Cash - non-interest-bearing$402,093
Savings and temporary cash investments$144,406
Pledges and grants receivable, net$7,666,861
Accounts receivable, net$50,560
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0
Notes and loans receivable, net$0
Inventories for sale or use$29,679
Prepaid expenses and deferred charges$65,485
Land, buildings, and equipment: cost or other basis$5,312,438
Investments - publicly traded securities$53,902,971
Investments - other securities$20,811,495
Investments - program-related$7,482,163
Intangible assets$0
Other assets$60,989
Total liabilities$3,454,506$1,984,446
Accounts payable and accrued expenses$395,207
Grants payable$1,333,880
Deferred revenue$0
Tax-exempt bond liabilities$0$0
Escrow or custodial account liability$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0
Secured mortgages and notes payable to unrelated third parties$0$0
Unsecured notes and loans payable to unrelated third parties$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$255,359
Total net assets or fund balances$82,018,541$93,944,694
Unrestricted net assets$10,017,369
Temporarily restricted net assets$49,823,253
Permanently restricted net assets$34,104,072
Capital stock or trust principal, or current funds$0
Paid-in or capital surplus, or land, building, or equipment fund$0
Retained earnings, endowment, accumulated income, or other funds$0$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:A federal, state, or local government or governmental unit described in section 170(b)(1)(A)(v)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
2009 - 2013 Total
Public Support$46,054,249
Subtotal Support$46,612,694
Gifts, grants, contributions, and membership fees received$46,612,694
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$558,445
Total Support$55,216,073
Public Support$46,612,694
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$2,856,022
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$5,747,357
Gross receipts from related activities, etc.$9,663
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$6,117,329$8,751,912$6,340,118$4,883,436$11,616,391$13,437,822$11,179,625$11,269,074
Contributions, gifts, grants, and similar amounts received$4,159,112$6,657,353$4,587,551$2,996,968$6,956,052$9,053,975$6,351,280$6,217,964
Contributions to donor advised funds$0$0
Direct public support$4,159,112$6,657,353$4,587,551$2,996,968$6,956,052$9,053,975$6,351,280$6,217,964
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$0$0$0$0$0$0$0$0
Membership dues and assessments$0$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$71,406$57,944$38,544$48,515$72,936$106,382$242,061$1,264,610
Dividends and interest from securities$967,645$926,948$708,120$700,664$791,672$1,476,330$1,916,190$357,726
Net rental income or (loss)$469,328$616,286$708,619$769,265$768,534$799,964$837,321$798,847
Gross rents$469,328$616,286$708,619$769,265$768,534$799,964$837,321$798,847
Less: rental expenses$0$0$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0$0$221,935
Gain or (loss) from sales of assets other than inventory$359,859$430,803$-91,899$-4,765$2,629,754$1,531,191$1,302,260$1,833,498
Gross amount from sales of assets other than inventory$2,752,045$2,389,753$7,130,179$1,318,717$4,060,905$15,195,674$28,305,531$1,834,923
Less: cost or other basis and sales expenses$2,392,186$1,958,950$7,222,078$1,323,482$1,431,151$13,664,483$27,003,271$1,425
Net income or (loss) from special events and activities$0$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$61,711$42,772$18,169$11,553$2,884$10,817$8,084$8,714
Gross sales of inventory, less returns and allowances$72,762$46,102$19,758$12,675$3,112$11,773$9,857$9,227
Less: cost of goods sold$11,051$3,330$1,589$1,122$228$956$1,773$513
Other revenue$28,268$19,806$371,014$361,236$394,559$459,163$522,429$565,780
Total expenses$3,629,564$4,105,034$4,955,338$3,786,063$8,023,229$5,837,598$5,078,335$5,705,280
Program services$2,746,845$3,151,478$3,882,152$2,863,578$7,028,270$4,783,938$3,977,472$4,470,275
Management and general$451,972$514,460$571,674$408,119$471,249$456,648$446,039$567,344
Fundraising$430,747$439,096$501,512$514,366$523,710$597,012$654,824$667,661
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$46,444,584$49,139,886$47,407,431$53,100,507$56,142,146$63,239,254$70,725,675$78,785,105
Excess or (deficit) for the year$2,487,765$4,646,878$1,384,780$1,097,373$3,593,162$7,600,224$6,101,290$5,563,794
Net assets or fund balances at beginning of year$43,152,060$46,444,584$49,139,886$47,407,431$53,100,507$56,142,146$63,239,254$70,725,675
Other changes in net assets or fund balances$804,759$-1,951,576$-3,117,235$4,595,703$-551,523$-503,116$1,385,131$2,495,636
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$5,705,280$4,470,275$567,344$667,661
Grants paid from donor advised funds$0
Other grants and allocations$1,983,114
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$326,980$326,980$0$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$868,846$300,873$203,375$364,598
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$84,267$0$37,331$46,936
Payroll taxes$36,812$0$16,926$19,886
Professional fundraising fees$0$0$0$0
Accounting fees$0$0$0$0
Legal fees$0$0$0$0
Supplies$213,408$153,712$12,998$46,698
Telephone$9,465$0$2,343$7,122
Postage and shipping$53,149$31,413$1,297$20,439
Occupancy$115,218$8,219$101,210$5,789
Equipment rental and maintenance$0$0$0$0
Printing and publications$211,145$151,699$7,585$51,861
Travel$227,929$181,511$3,234$43,184
Conferences, conventions, and meetings$0$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$140,640$108,318$29,823$2,499
Other expenses not covered above$1,434,307$1,224,436$151,222$58,649
Balance Sheets
20002001200220032004200520062007
Total assets$47,987,837$50,763,916$49,066,700$53,836,024$57,414,013$65,539,937$72,722,688$81,822,558
Cash - non-interest-bearing$1,419,876$2,412,127$3,754,924$4,457,872$5,924,582$6,110,127$7,688,476$1,829,133
Savings and temporary cash investments$0$0$0$0$0$0$0$9,429,393
Accounts receivable less allowance for doubtful accounts$54,751$30,975$0$16,068$1,922$213,855$81,217$202,747
Pledges receivable less allowance for doubtful accounts$2,650,086$4,438,703$1,823,735$1,920,585$4,236,830$7,443,190$8,673,667$6,880,533
Grants receivable$0$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$152,116$0$0$0$0$0$0$0
Inventories for sale or use$23,197$19,867$18,277$17,155$16,927$15,971$14,198$19,885
Prepaid expenses and deferred charges$18,561$10,609$17,000$43,401$16,104$21,950$22,950$59,655
Investments - publicly-traded securities$43,206,546$44,919,938
Investments - other securities$32,695,382$32,306,319$31,998,423$37,199,251$36,170,347$40,707,924$0$2,810,934
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$4,948,168$0$4,624,744$4,629,884
Investments - other$1,573,863$2,320,046$2,188,051$873,310$953,363$833,534$3,194,030$4,565,240
Land, buildings, and equipment less accumulated depreciation$765,726$844,887$862,405$632,469$721,174$668,125$617,439$803,500
Other assets, including program-related investments$8,634,279$8,380,383$8,403,885$8,675,913$4,424,596$9,525,261$4,599,421$5,671,716
Total liabilities$1,543,253$1,624,030$1,659,269$735,517$1,271,867$2,300,683$1,997,013$3,037,453
Accounts payable and accrued expenses$401,552$851,648$887,125$186,187$865,762$813,114$219,196$1,006,843
Grants payable$0$0$0$0$0$1,070,703$1,195,747$1,332,386
Deferred revenue$135,095$121,917$184,010$159,947$26,844$6,100$198,932$203,452
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0$0
Mortgages and other notes payable$581,860$232,223$200,265$0$0$0$0$205,000
Other liabilities$424,746$418,242$387,869$389,383$379,261$410,766$383,138$289,772
Total liabilities and net assets/fund balances$47,987,837$50,763,916$49,066,700$53,836,024$57,414,013$65,539,937$72,722,688$81,822,558
Total net assets or fund balances$46,444,584$49,139,886$47,407,431$53,100,507$56,142,146$63,239,254$70,725,675$78,785,105
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$6,117,329$8,751,912$6,340,118$4,883,436$11,616,391$13,437,822$11,179,625$11,269,074
Total revenue, gains, and other support per audited financial statements$6,929,621$6,800,336$3,222,883$9,198,694$11,139,891$13,029,249$12,531,142$13,676,350
Other expenses$804,759$-1,951,576$-3,117,234$4,315,258$57,884$13,859$57,493$2,780,869
Net unrealized gains on investments$728,087$-1,829,538$-2,963,288$4,198,406$0$0$0$2,780,869
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$76,672$-122,038$-153,946$116,852$57,884$13,859$57,493$0
Other revenue$-7,533$0$1$0$534,384$422,432$-1,294,024$373,593
Investment expenses$0$0$0$0$0$0$0$305,990
Other$-7,533$0$1$0$534,384$422,432$-1,294,024$67,603
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$3,629,564$4,105,034$4,955,338$3,686,805$8,023,229$5,837,598$5,078,335$5,705,280
Total expenses and losses per audited financial statements$3,637,097$4,105,034$4,955,338$3,736,434$8,098,252$5,932,141$5,044,721$5,616,920
Other revenue$7,533$0$0$49,629$75,023$94,543$-33,614$-88,360
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$49,629$75,023$94,543$-33,614$0
Other$7,533$0$0$0$0$0$0$-88,360
Other expenses$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$261,980$35,000$30,000
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings32
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?Yes
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20063
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$-1,265$5,052,375$0
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$1,264,610$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$357,726$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$0Real property rental income that does not depend on the income or profits derived by the person leasing the property and is excluded by section 512(b)(3)$798,847$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment incomeOil and gas extraction$-1,265Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$223,200$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$1,833,498$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$8,714$0
Other revenue000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$565,780$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isNot controlled by disqualified persons/supports non private foundation
Type of supporting organizationType III
Information about the supported organizations
Employer identification number (EIN)Name of organizationType of organizationIs the supported organization listed in the supporting organization's governing documents?Amount of support
576000265Yes$4,485,062
Total$4,485,062
Support Schedule
19992000200120022003200420052006
Total$5,794,786$5,288,142$7,662,051$5,723,398$4,118,936$8,986,865$0$0
Gifts, grants, and contributions received$4,808,052$4,159,112$6,657,353$4,587,551$2,996,968$6,956,052$0$0
Membership fees received$0$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$119,361$61,711$57,944$18,169$11,553$3,112$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$843,003$1,039,051$926,948$746,664$749,179$1,633,142$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$24,370$28,268$19,806$371,014$361,236$394,559$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$4,510,679
Total lobbying expenditures$40,404
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$40,404
Other exempt purpose expenditures$4,470,275
Lobbying nontaxable amount$375,534
Grassroots nontaxable amount$93,884
Unrelated Trade or Business Income (for 2008)
IncomeExpensesNet
Total$0$0$0
Gross receipts or sales less returns and allowances$0$0$0
Cost of goods sold$0$0$0
Gross profit$0$0$0
Capital gain net income$0$0$0
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$0$0$0
Rent income$0$0$0
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$0$0$0
Other income$0$0$0
Deductions Not Taken Elsewhere (for 2008)
Total deductions$0
Compensation of officers, directors, and trustees$0
Salaries and wages$0
Repairs and maintenance$0
Bad debts$0
Interest$0
Taxes and licenses$0
Charitable contributions$0
Depreciation$0
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$0
Excess exempt expenses$0
Excess readership costs$0
Other deductions$0
Unrelated business taxable income$0
Unrelated business taxable income before net operating loss deduction$0
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$0
Specific deduction$1,000
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review


Would you recommend College Of Charleston Foundation to others? (optional)
  
Add photo of College Of Charleston Foundation (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1South Carolina Research Foundation915 Bull Street Osborne Admin Buil, Columbia, SC 29208-0001SC1993-11$141,835,969
2College Of Charleston Foundation66 George Street, Charleston, SC 29424-0001SC1971-02$23,557,758
3St Augustines University Foundation, St Augustines National Foundation17515 W Nine Mile Rd Ste 755, Southfield, MI 48075-4403MI1983-01$14,709,294
4University Of North Florida Financing Corporation1 Unf Drive Hicks Hall Suite 2900, Jacksonville, FL 32224FL2007-03$9,753,890
5Savannah State College Foundation IncPO BOX 20439, Savannah, GA 31404-9707GA1975-01$5,267,118
6Truman State University Foundation105 Mcclain Hall 100 E Normal, Kirksville, MO 63501MO1985-12$36,529,317
7Vincennes University Foundation Inc1002 North First Street Ste Dc-38, Vincennes, IN 47591-1504IN1975-03$30,807,440
8The Greenville College Foundation Inc315 E College Ave, Greenville, IL 62246-1145IL1999-12$22,631,651
9State College Of Florida Foundation Inc5840 26th St W, Bradenton, FL 34207-3522FL1981-05$21,996,565
10Ifra Centre For Advanced News OperationsCollege Of Mass Comm- Coliseum, Columbia, SC 29208-0001SC2002-01$86,736
11Round Top Elementary Parent-Teacher Organization449 Rimer Pond Rd, Blythewood, SC 29016-9155SC2004-06$82,480
12South Carolina State University National Alumni Association, South Carolina State University National Alumni Association Greater Columbia ChapterPo Box 7831, Columbia, SC 29202SC2001-10$25,323
13Greenville Chapter-ScsunaaP O Box 10661, Greenville, SC 29603SC2001-10$0
14Morris College National Alumni Educational Foundation20 Albert Spears Dr, Sumter, SC 29150-6802SC2003-06$0
15Morrison C Bethea Jr Golf Foundation Inc67 Gibbes St, Charleston, SC 29401-1806SC2002-10$0
16South Carolina State University Alumni Association, Spartanburg Coutny ChapterPO BOX 3432, Spartanburg, SC 29304-3432SC2001-10$0
17South Carolina State University National Alumni Association, South Carolina State University National Alumni Association Summerville Chapter4295 Persimmon Woods Drive, Summerville, SC 29420SC2001-10$0
18South Carolina State University National Alumni Association, South Carolina State University National Alumni Association Sumter ChapterPo Box 3650, Sumter, SC 29150SC2001-10$0
19Tracy A Bayliss Charitable Foundation, Madison David S Ttee748 Creekside Dr, Mt Pleasant, SC 29464-3604SC2006-06$0
20Western Carolina Higher Education CommissionPO BOX 617, Allendale, SC 29810-0617SC1999-08$0
Number of organizations performing similar types of work
Alaska1
Alabama7
Arkansas3
Arizona3
California53
Colorado9
Connecticut9
District of Columbia4
Delaware4
Florida22
Georgia21
Hawaii2
Iowa5
Illinois19
Indiana8
Kansas13
Kentucky6
Louisiana8
Massachusetts7
Maryland7
Maine1
Michigan16
Minnesota8
Missouri9
Mississippi4
Montana1
North Carolina30
Nebraska3
New Hampshire2
New Jersey12
New Mexico3
Nevada5
New York43
Ohio16
Oklahoma5
Oregon5
Pennsylvania23
Rhode Island1
South Carolina13
South Dakota3
Tennessee12
Texas25
Utah3
Virginia17
Vermont1
Washington8
Wisconsin13
West Virginia4
Wyoming1
International6
Total504

NonProfitFacts.com is not associated with, endorsed by, or sponsored by College Of Charleston Foundation and has no official or unofficial affiliation with College Of Charleston Foundation