2024-11-04T10:53:26-06:00 2023-12-31 570381582 ELLIOTT DAVIS LLCPLLC 500 EAST MOREHEAD STREET SUITE 700 CHARLOTTE NC 28202 990 2023-01-01 576028468 THE CITADEL BRIGADIER FOUNDATION CITA 8439536796 171 MOULTRIE STREET CHARLESTON SC 29409 MR RUSSELL FRIERSON EXECUTIVE DIRECTOR 8439536796 2024-10-29 1 1 JANICE A RATICA P00358837 7043338881 2024-10-29 2023 2024-10-15 13:58:12Z MR RUSSELL FRIERSON 171 MOULTRIE STREET CHARLESTON SC 29409 9958549 0 X WWW.CITADELBRIGADIERFOUNDATION.ORG X 1957 SC THE ORGANIZATION IS CREATED FOR THE SOLE PURPOSES OF RAISING FUNDS TO BE USED FOR ATHLETIC FACILITIES, ATHLETIC PROGRAMS, NEEDS OF THE CITADEL ATHLETIC DEPARTMENT, AND TO PROVIDE SCHOLARSHIPS FOR STUDENT-ATHLETES. 16 16 5 19 -4023 0 3762668 3564268 0 0 -392098 923041 -125284 -20874 3245286 4466435 2233949 2051786 0 0 399096 457202 0 0 371922 538608 565166 3171653 3074154 73633 1392281 29355773 33416454 118977 132953 29236796 33283501 TO ADVANCE THE MISSION OF THE CITADEL BY GENERATING FINANCIAL SUPPORT THAT PROVIDES OPPORTUNITIES FOR CADET-ATHLETES TO SUCCEED IN THE CLASSROOM, ON THE FIELD, AND IN LIFE. 0 0 2252510 2051786 DISBURSEMENTS TO THE CITADEL TO ENHANCE ACADEMIC AND ATHLETIC PROGRAMS FOR APPROXIMATELY 350 CADET-ATHLETES. THE MONEY RAISED BY THE CITADEL BRIGADIER FOUNDATION FOR PROGRAM NEEDS, FACILITY IMPROVEMENTS AND SCHOLARSHIPS IS CRITICAL TO THE BULLDOGS FIELDING COMPETITIVE TEAMS THROUGHOUT THE YEAR. IN TURN, THIS PROVIDES THE CADET-ATHLETES, ON EVERY TEAM, AN OPPORTUNITY TO WIN IN THE CLASSROOM, ON THE FIELD, AND IN LIFE. 2252510 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 X 0 0 5 1 1 1 0 0 0 1 1 1 1 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 SC X X SHANNON MEASE 8439536796 171 MOULTRIE STREET THE CITADEL CHARLESTON SC 29409 MR K WAYNE WICKER BOARD MEMBER 3.00 X 0 0 0 AUGUSTINE GUS OLALERE BOARD MEMBER 1.00 X 0 0 0 MR RUSSELL FRIERSON EXECUTIVE DIRECTOR 40.00 X 0 144089 18298 MR DANIEL B CROSBY BOARD MEMBER - BEG JULY 2023 1.00 X 0 0 0 MR THOMAS R YOUNG IV BOARD MEMBER 1.00 X 0 0 0 MR TRAVIS R STEPHENS BOARD MEMBER 1.00 X 0 0 0 CATHERINE LEE SENIOR DIRECTOR, TCBF 40.00 X 0 104212 27822 MR J TAYLOR POWELL BOARD MEMBER - THRU JULY 2023 1.00 X 0 0 0 MR F RITCHIE MCQUEENEY BOARD MEMBER - THRU JULY 2023 1.00 X 0 0 0 MR JAMES H JOHNSON BOARD MEMBER 1.00 X 0 0 0 MS LAUREN FLEMING-MELTON BOARD MEMBER 1.00 X 0 0 0 MR JACK R CUNNINGHAM BOARD MEMBER 1.00 X 0 0 0 MR MICHAEL R ARMSTRONG BOARD MEMBER 1.00 X 0 0 0 MS KATHLEEN D CARTLAND BOARD MEMBER - BEG JULY 2023 1.00 X 0 0 0 MR MATTHEW V ROUGHGARDEN BOARD MEMBER - THRU JULY 2023 1.00 X 0 0 0 MR JAMES L DAY BOARD MEMBER 1.00 X 0 0 0 COL JULIAN G FRASIER III BOARD MEMBER 3.00 X 0 0 0 COL JOHN A OLSHEFSKI PAST PRESIDENT - THRU JULY 2023 3.00 X X 0 0 0 MR J RICHARD SANDERS JR PRESIDENT ELECT 3.00 X X 0 0 0 LT COL WILLIAM R CULBREATH JR PRESIDENT 3.00 X X 0 0 0 MR R SCOTT MCKENZIE JR TREASURER 1.00 X X 0 0 0 0 248301 46120 0 0 1 0 0 1705621 54685 1803962 309206 3564268 807407 -4023 811430 5404295 5288661 115634 115634 115634 177559 54685 203453 -25894 -25894 MISCELLANEOUS INCOME 900099 5020 5020 5020 4466435 5020 -4023 901170 2051786 2051786 348690 105680 59039 183971 108512 68808 15690 24014 210569 210569 43765 43765 2560 1280 1280 14612 529 14083 23866 23866 8808 8808 DONOR CULTIVATION 105655 105655 BANK/CREDIT CARD CHARGE 69313 69313 BANQUET EXPENSES 26236 26236 BAD DEBT EXPENSE 22720 22720 37062 18009 19053 3074154 2252510 449722 371922 1535302 1455029 28194 28194 0 0 26396164 30249095 1424307 1712330 29355773 33416454 81720 94722 37257 38231 118977 132953 X 963274 1632151 28273522 31651350 29236796 33283501 29355773 33416454 X 1392281 2659468 -5044 X X 0 1 X 1 0 X 3596078 3106492 3957147 3762668 3564268 17986653 3596078 3106492 3957147 3762668 3564268 17986653 333620 17653033 623229 356214 793400 775400 811430 3359673 -26876 -61628 12797 -2547 -4023 -82277 6882 33011 5020 44913 21308962 0.82840 0.83790 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 27207736 1336458 3361715 1146296 30759613 31029623 1599414 -4126846 1294455 27207736 26447566 2095310 3586068 1099321 31029623 23333890 1011253 3099392 996969 26447566 18755941 1666076 3277415 365542 23333890 0.02108 0.80329 0.17563 0 0 28194 28194 0 0 CASH VALUE OF LIFE INSURANCE POLICIES 447334 DUE TO RELATED PARTY 1264996 1712330 CHARITABLE GIFT ANNUITY PAYABLE 38231 38231 X 8052634 2659468 961610 203454 3824532 4228102 210569 27763 238332 4466434 4005929 961610 203454 1165064 2840865 210569 22720 233289 3074154 PART V, LINE 4: THE FOUNDATION'S ENDOWMENT FUNDS ARE USED FOR SCHOLARSHIP AWARDS FOR CADET-ATHLETES OF THE CITADEL. PART X, LINE 2: MANAGEMENT EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE FOR THE YEARS ENDED DECEMBER 31, 2023 OR 2022. THE FOUNDATION'S POLICY IS TO REPORT ACCRUED INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS, WHEN APPLICABLE, AS INTEREST INCOME AND TO REPORT PENALTIES AS OTHER EXPENSE. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 203,454. PART XI, LINE 4B - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT 5,043. CHANGE IN ALLOWANCE ON CONTRIBUTIONS RECEIVABLE 22,720. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 203,454. PART XII, LINE 4B - OTHER ADJUSTMENTS: CHANGE IN ALLOWANCE ON CONTRIBUTIONS RECEIVABLE 22,720. KICKOFF CLASSIC 77080 40530 36550 58253 AUCTION 155164 14155 141009 136595 1 8605 232244 54685 177559 203453 203453 -25894 1 THE CITADEL 171 MOULTRIE STREET CHARLESTON SC 29409 576000217 115 2051786 0 TO FUND ATHLETIC SCHOLARSHIPS FOR STUDENTS ATTENDING THE CITADEL. 1 0 PART I, LINE 2: THE ORGANIZATION'S DIRECTOR OF DONOR COMPLIANCE WORKS WITH THE ATHLETIC DEPARTMENT AT THE CITADEL TO ENSURE FUNDS ARE PROPERLY SPENT. IT IS THE RESPONSIBILITY OF THE DEPARTMENT OF ATHLETICS AT THE CITADEL TO ASSIGN ATHLETIC SCHOLARSHIPS. X X 0 0 0 0 0 0 0 0 0 MR RUSSELL FRIERSON EXECUTIVE DIRECTOR 0 125964 0 18125 0 0 0 17517 0 781 0 162387 0 0 X 15 132000 FMV X 18 172010 FMV X IPADS 10 4196 FMV X ADVERTISING 2 1000 FMV 1 0 1 0 FORM 990, PART V, LINE 2: THE CITADEL BRIGADIER FOUNDATION HAS A PEO AGREEMENT WITH ADP TOTALSOURCE. ALL REQUIRED EMPLOYMENT FILINGS ARE MADE BY THE PEO PROVIDER ON BEHALF OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS MADE AVAILABLE TO ALL OF THE GOVERNING BODY FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR AND STAFF MEMBER ARE TO ANNUALLY SIGN A STATEMENT THAT AFFIRMS THAT SUCH PERSON (A) HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST AND COMPENSATION POLICY, (B) HAS READ AND UNDERSTANDS THE POLICY, (C) AGREES WITH THE POLICY, AND (D) UNDERSTANDS THE FOUNDATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES THAT ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. PERIODIC REVIEWS WILL BE MADE BY STAFF, WHO CAN ALSO USE OUTSIDE EXPERTS. IN THE EVENT OF A POTENTIAL CONFLICT DURING THE YEAR, THE INTERESTED BOARD MEMBER SHALL RECUSE HIMSELF/HERSELF FROM ALL DISCUSSIONS AND VOTE ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION FOR THE EXECUTIVE DIRECTOR AND OTHER KEY EMPLOYEES IS DETERMINED BY ANNUAL REVIEWS AND BOARD APPROVAL. THE BOARD RELIES UPON COMPENSATION OF SIMILARLY SITUATED ORGANIZATIONS TO ENSURE REASONABLENESS AND DECISIONS ARE DOCUMENTED IN INTERNAL MEMOS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT -5,044. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED.