2024-11-12T10:05:53-06:00 2024-06-30 580692043 MAULDIN & JENKINS LLC 508 HAMPTON STREET COLUMBIA SC 29201 990 2023-07-01 570705675 UNIVERSITY OF SOUTH CAROLINA SCHOOL OF MEDICINE EDUCATIONAL TRUST UNIV 8032163304 PO BOX 413 COLUMBIA SC 29202 JEFFREY L PERKINS SENIOR VICE PRESIDENT AND SECRETARY 8032163304 2024-11-12 1 1 MICHELLE CHAPMAN CPA P00105223 8037995810 2024-11-12 2023 2024-10-15 13:58:12Z JEFFREY L PERKINS PO BOX 413 COLUMBIA SC 29202 40773107 0 X N/A X 1980 SC ENHANCE THE EXEMPT FUNCTION OF UNIVERSITY OF SOUTH CAROLINA SCHOOL OF MEDICINE AND THE COMMUNITIES IT SERVES. 15 0 145 18 0 0 0 0 5421590 7734926 384451 633673 32397643 31745954 38203684 40114553 876150 1104965 0 0 31248398 30679578 0 0 0 6299358 8847115 38423906 40631658 -220222 -517105 62526653 64774437 29194632 30196799 33332021 34577638 X THE EDUCATIONAL TRUST OPERATES EXCLUSIVELY FOR THE BENEFIT OF, AND TO CARRY OUT THE PURPOSES OF, THE UNIVERSITY OF SOUTH CAROLINA SCHOOL OF MEDICINE AND THE GREATER UNIVERSITY OF SOUTH CAROLINA. ITS MAIN PURPOSES ARE TO AUGMENT AND AID EDUCATION, SERVICE, RESEARCH, AND DEVELOPMENT IN THE HEALTH SCIENCES AND IN THE FIELDS OF PREVENTIVE AND CURATIVE MEDICINE. THEREFORE THE OVERALL PURPOSE OF THE EDUCATIONAL TRUST IS TO PROVIDE HEALTHCARE RESOURCES IN CONJUNCTION WITH ENHANCED TEACHING OPPORTUNITIES AND TO PROVIDE RESOURCES IN SUPPORT OF THE SCHOOL OF MEDICINE. 0 0 10432012 1104965 4737706 SUPPORT OF UNIVERSITY OF SOUTH CAROLINA SCHOOL OF MEDICINE AND ITS CLINICAL FACILITIES. 28097577 34743174 THE TRUST OWNS AND OPERATES TWO PROFESSIONAL MEDICAL OFFICE BUILDINGS ADJACENT TO THE CAMPUS OF PRISMA HEALTH RICHLAND. 38529589 1 0 0 0 0 0 0 0 0 0 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 11 0 1 145 1 0 0 0 0 0 0 0 0 0 0 X 15 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 SC X DEREK B PAYNE (EXECUTIVE DIRECTORTREASURER) 8032163304 PO BOX 413 COLUMBIA SC 29202 DAVID AMROL MD PRESIDENT, EDUCATIONAL TRU 40.00 X 394937 129362 33000 JEFFREY L PERKINS SENIOR VICE PRESIDENT/SECRETARY 40.00 X 85000 333805 8500 DEREK B PAYNE EXECUTIVE DIRECTOR/TREASURER 40.00 X 45000 160093 4500 LESLIE HALL MD DEAN, SCHOOL OF MEDICINE 40.00 X 170036 307261 17004 GERALD HARMON MD INTERIM DEAN 40.00 X 136450 118028 13645 CHARLES CARTER MD FACULTY REPRESENTATIVE, FA 40.00 X 207984 140033 20798 SHARON WEISSMAN MD CHAIR, INTERNAL MEDICINE 40.00 X 360128 201843 33000 GREGG TALENTE MD FACULTY REPRESENTATIVE, IN 40.00 X 245466 117383 24547 SOUVIK SEN MD CHAIR, NEUROLOGY 40.00 X 137608 330031 13761 MEERA NARASIMHAN MD CHAIR, NEUROPSYCHIATRY 40.00 X 162999 367429 16300 SHILPA SRINIVASAN MD FACULTY REPRESENTATIVE, NE 40.00 X 136585 135820 13658 BERRY CAMPBELL MD CHAIR, OB/GYN 40.00 X 364095 233280 33000 CHRISTOPHER MAZOUE MD CHAIR, DEPARTMENT OF ORTHO 40.00 X 1084869 178362 33000 R CAUGHMAN TAYLOR MD CHAIR, PEDIATRICS 40.00 X 245707 270387 24571 C OSBORNE SHULER MD FACULTY REPRESENTATIVE, PE 40.00 X 309920 117119 30992 JEANETTE FULTON MD FACULTY REP, RADIOLOGY 40.00 X 0 336644 0 JEANETTE ANDREWS PHD DEAN, COLLEGE OF NURSING 40.00 X 0 176349 0 FLOYD BELL MD CHAIR, RADIOLOGY 40.00 X 0 64929 0 GREGORY GRABOWSKI MD HIGHEST COMPENSATED EMPLOY 40.00 X 1631112 117383 33000 JAMES BENJAMIN JACKSON III MD HIGHEST COMPENSATED EMPLOY 40.00 X 1444191 111730 33000 JEFFREY GUY MD HIGHEST COMPENSATED EMPLOY 40.00 X 1382186 102334 33000 DAVID KOON MD HIGHEST COMPENSATED EMPLOY 40.00 X 775233 107124 33000 ZEID KEILANI HIGHEST COMPENSATED EMPLOY 40.00 X 656915 134076 33000 9976421 4290805 485276 18 0 1 0 PRISMA HEALTH GRANTS AND TRIALS PO BOX 748580 ATLANTA GA 30374 RURAL HEALTH/CENTER OF EXCELLENT PROJECT 759506 PRISMA HEALTH MEDICAL GROUP PO BOX 2266 COLUMBIA SC 29202 PURCHASE/REIMBURSEMENT OF LABOR AND ASSO 591342 CLEMSON UNIVERSITY PO BOX 931616 ATLANTA GA 31193 RURAL HEALTH/CENTER OF EXCELLENT PROJECT 310038 MCLEOD HEALTH 144 NORTH RAVENEL STREET FLORENCE SC 29506 RURAL HEALTH/CENTER OF EXCELLENT PROJECT 172297 EMMANUEL FAMILY CLINIC 501 WEST BUTLER AVENUE SALUDA SC 29138 RURAL HEALTH/CENTER OF EXCELLENT PROJECT 171653 9 PROGRAM SERVICE REVENUE 621110 7436508 7436508 OTHER CONTRACT AND PROFESSIONAL I 621110 298418 298418 7734926 338745 338745 1822034 99729 1722305 1722305 1722305 853753 558825 294928 294928 294928 OTHER INCOME 611710 30023649 30023649 30023649 40114553 39480880 0 633673 1104965 1104965 4044857 1942788 2102069 26634721 26634721 116048 116048 95200 95200 15096 15096 922426 922426 21701 21701 1149 1149 842474 842474 89819 89819 CONTRACTUAL SERVICES 6720778 6720778 RECRUITMENT 19245 19245 DUES AND LICENSES 2949 2949 MINOR EQUIPMENT, REPAIR 230 230 40631658 38529589 2102069 0 12549811 10343243 20922964 24447122 25060589 15294190 10500147 9766399 13228551 15529746 1119556 1025779 4205624 3662148 62526653 64774437 2504878 3408108 20000750 21179599 1275000 850000 5414004 4759092 29194632 30196799 X 0 0 0 0 33332021 34577638 33332021 34577638 62526653 64774437 X -517105 1762721 1 X X 0 1 X 1 0 X X X 1 UNIVERSITY OF SOUTH CAROLINA 576001153 6 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 22397692 12631293 9766399 2662897 2662897 0 9766399 CERTIFICATES OF DEPOSIT 2955006 F COMMON STOCK 2452663 F CORPORATE DEBT INSTRUMENTS 137475 F MUTUAL FUNDS 9984602 F 15529746 LEASE RECEIVABLE 3271797 LIMITED USE ASSETS 390351 3662148 DEFERRED LEASE 3825660 LEASE LIABILITY 933432 4759092 X 41881804 1762721 99730 1862451 40019353 95200 95200 40114553 40636187 99729 99729 40536458 95200 95200 40631658 PART X, LINE 2: THE TRUST DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS TO REPORT UNDER FIN 48. PART XI, LINE 2D - OTHER ADJUSTMENTS: RECLASS RENT EXPENSE 99,729. ROUNDING 1. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASS INVESTMENT FEES 95,200. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS RENT EXPENSE 99,729. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASS INVESTMENT FEES 95,200. 1 UNIVERSITY OF SOUTH CAROLINA EDUCATIONAL FOUNDATION 1027 BARNWELL STREET COLUMBIA SC 29208 576017985 501(C)(3) 1000000 0 IN SUPPORT OF SCHOOL OF MEDICINE PROGRAMS, DEVELOPMENT AND ACTIVITIES PART I, LINE 2: GRANTS AND CONTRIBUTIONS TO THE UNIVERSITY OF SOUTH CAROLINA AND RELATED ENTITIES ARE MADE AFTER COLLABORATION WITH THE UNIVERSITY. MANY CONTRIBUTIONS ARE BASED ON COMMITMENTS MADE COLLEGIALLY BETWEEN THE UNITS. OTHERS ARE RECURRING PROJECTS, EQUIPMENT PURCHASES OR EXPENSE ITEMS. 1 X X 0 0 0 0 0 0 0 0 0 DAVID AMROL MD PRESIDENT, EDUCATIONAL TRU 394937 129362 0 0 0 0 33000 0 0 0 427937 129362 0 0 JEFFREY L PERKINS SENIOR VICE PRESIDENT/SECRETARY 85000 333805 0 0 0 0 8500 0 0 0 93500 333805 0 0 DEREK B PAYNE EXECUTIVE DIRECTOR/TREASURER 45000 160093 0 0 0 0 4500 0 0 0 49500 160093 0 0 LESLIE HALL MD DEAN, SCHOOL OF MEDICINE 170036 307261 0 0 0 0 17004 0 0 0 187040 307261 0 0 GERALD HARMON MD INTERIM DEAN 136450 118028 0 0 0 0 13645 0 0 0 150095 118028 0 0 CHARLES CARTER MD FACULTY REPRESENTATIVE, FA 207984 140033 0 0 0 0 20798 0 0 0 228782 140033 0 0 SHARON WEISSMAN MD CHAIR, INTERNAL MEDICINE 360128 201843 0 0 0 0 33000 0 0 0 393128 201843 0 0 GREGG TALENTE MD FACULTY REPRESENTATIVE, IN 245466 117383 0 0 0 0 24547 0 0 0 270013 117383 0 0 SOUVIK SEN MD CHAIR, NEUROLOGY 137608 330031 0 0 0 0 13761 0 0 0 151369 330031 0 0 MEERA NARASIMHAN MD CHAIR, NEUROPSYCHIATRY 162999 367429 0 0 0 0 16300 0 0 0 179299 367429 0 0 SHILPA SRINIVASAN MD FACULTY REPRESENTATIVE, NE 136585 135820 0 0 0 0 13658 0 0 0 150243 135820 0 0 BERRY CAMPBELL MD CHAIR, OB/GYN 364095 233280 0 0 0 0 33000 0 0 0 397095 233280 0 0 CHRISTOPHER MAZOUE MD CHAIR, DEPARTMENT OF ORTHO 1084869 178362 0 0 0 0 33000 0 0 0 1117869 178362 0 0 R CAUGHMAN TAYLOR MD CHAIR, PEDIATRICS 245707 270387 0 0 0 0 24571 0 0 0 270278 270387 0 0 C OSBORNE SHULER MD FACULTY REPRESENTATIVE, PE 309920 117119 0 0 0 0 30992 0 0 0 340912 117119 0 0 JEANETTE FULTON MD FACULTY REP, RADIOLOGY 0 336644 0 0 0 0 0 0 0 0 0 336644 0 0 JEANETTE ANDREWS PHD DEAN, COLLEGE OF NURSING 0 176349 0 0 0 0 0 0 0 0 0 176349 0 0 GREGORY GRABOWSKI MD HIGHEST COMPENSATED EMPLOY 1631112 117383 0 0 0 0 33000 0 0 0 1664112 117383 0 0 JAMES BENJAMIN JACKSON III MD HIGHEST COMPENSATED EMPLOY 1444191 111730 0 0 0 0 33000 0 0 0 1477191 111730 0 0 JEFFREY GUY MD HIGHEST COMPENSATED EMPLOY 1382186 102334 0 0 0 0 33000 0 0 0 1415186 102334 0 0 DAVID KOON MD HIGHEST COMPENSATED EMPLOY 775233 107124 0 0 0 0 33000 0 0 0 808233 107124 0 0 ZEID KEILANI HIGHEST COMPENSATED EMPLOY 656915 134076 0 0 0 0 33000 0 0 0 689915 134076 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE TRUST BOARD OF DIRECTORS DOES NOT DIRECTLY REVIEW THE FORM 990, PRIOR TO ITS BEING FILED. FORM 990 IS DETAIL REVIEWED BY THE EXECUTIVE DIRECTOR AND TREASURER AND THEN CURSORY REVIEWED BY THE SENIOR VP AND SECRETARY PRIOR TO SIGNING AND FILING. FORM 990 AND THE AUDITED FINANCIAL STATEMENTS ARE PREPARED ON THE SAME BASIS OF ACCOUNTING. THE AUDITED FINANCIAL STATEMENTS ARE AVAILABLE FOR REVIEW BY THE BOARD OF DIRECTORS, AFTER ISSUANCE. A COPY OF THE RELATED AUDITED FINANCIAL SUPPORT FOR THE 990 IS PROVIDED TO THE TRUST PRESIDENT AND OTHERS. FORM 990, PART VI, SECTION B, LINE 15B THE PRESIDENT AND ALL OFFICERS ARE MEMBERS OF THE FACULTY. ALL FACULTY COMPENSATION IS DOCUMENTED IN A WRITTEN AGREEMENT THAT IS APPROVED BY THE DEPARTMENT CHAIRMAN AND THE DEAN OF THE MEDICAL SCHOOL OR HIS PROXY. CONSIDERATIONS INCLUDE LEVEL OF ACADEMIC INVOLVEMENT, PATIENT WORKLOAD, FACUITY, CARE OF THE MEDICALLY UNDER-SERVED, AMONG OTHERS. THE PRESIDENT AND ALL OFFICERS SERVE FOR A REVOLVING PERIOD OF ONE YEAR. THE OFFICER POSITIONS ARE UNCOMPENSATED. THE OFFICER POSITIONS SERVE TO MEET LEGAL OBLIGATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS ARE MAINTAINED BY THE DIRECTOR OF LEGAL AFFAIRS. TRUST PHYSICIANS ARE FACULTY MEMBERS OF UNIVERSITY OF SC AND THE TRUST'S POLICIES REGARDING CONFLICTS OF INTEREST, USE OF SOCIAL CLUBS, TRAVEL, WHISTLEBLOWER PROVISIONS, ETC. ARE CONSISTENT WITH THOSE OF THE UNIVERSITY OF SC EDUCATIONAL FOUNDATION. FINANCIAL STATEMENTS OF THE TRUST ARE INCLUDED IN THE FINANCIAL STATEMENTS OF THE UNIVERSITY OF SC AS A GOVERNMENTAL DISCRETELY PRESENTED COMPONENT UNIT. FORM 990 IS AVAILABLE UPON REQUEST FROM THE DIRECTOR OF LEGAL AFFAIRS. FORM 990, PART XI, LINE 9: ROUNDING 1. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. UNIVERSITY OF SOUTH CAROLINA 1600 HAMPTON STREET COLUMBIA SC 29208 576001153 EDUCATION OF THE STATE'S CITIZENS SC 501(C)(3) LINE 6 N/A 0 PRISMA HEALTH MEDICAL GROUP 4 MEDICAL PARK ROAD SUITE 301 COLUMBIA SC 29203 471345819 SERVE HEALTH CARE NEEDS AND EDUCATIONAL OPPORTUNITIES SC 501(C)(3) LINE 11 N/A 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 UNIVERSITY OF SOUTH CAROLINA K 99729 FAIR MARKET VALUE PRISMA HEALTH MEDICAL GROUP P 145079 FAIR MARKET VALUE