2025-11-13T07:52:11-06:00 2025-06-30 540504608 BROWN EDWARDS & COMPANY LLP 3906 ELECTRIC ROAD ROANOKE VA 24018 990 2024-07-01 570327816 THE LANDER FOUNDATION LAND CO LANDER UNIV 320 STANLEY AVENUE GREENWOOD SC 29649 JOE GREENTHAL TREASURER 8642298350 2025-11-12 1 1 EVAN ROSS P01786214 5403450936 2025-11-12 2024 2025-03-06 01:10:19Z JOE GREENTHAL 320 STANLEY AVENUE GREENWOOD SC 29649 7909036 0 X WWW.LANDER.EDU X 1975 SC TO RECEIVE, HOLD, MANAGE, INVEST OR ARRANGE FOR INVESTING AND TO ACQUIRE BY GIFT, DEVISE, BEQUEST, PURCHASE, OR OTHERWISE, AND USE PROPERTY OF ANY KIND AND FUNDS IN FURTHERANCE OF THE WELFARE OF LANDER UNIVERSITY. 14 14 0 0 0 0 3009386 4013515 0 0 751214 914133 786996 2981388 4547596 7909036 1055599 942723 0 0 0 0 0 0 534350 2800139 4423688 3855738 5366411 691858 2542625 48651892 54832499 8958288 8531553 39693604 46300946 TO RECEIVE, HOLD, MANAGE, INVEST OR ARRANGE FOR INVESTING AND TO ACQUIRE BY GIFT, DEVISE, BEQUEST, PURCHASE, OR OTHERWISE, AND USE PROPERTY OF ANY KIND AND FUNDS IN FURTHERANCE OF THE WELFARE OF LANDER UNIVERSITY. 0 0 3456715 INVEST IN AND MANAGE IN REAL ESTATE- THE ORGANIZATION ACQUIRES AND MANAGES PROPERTY TO BE USED FOR THE WELFARE OF THE ORGANIZATION AS WELL AS LANDER UNIVERSITY. THESE PROPERTIES ARE PRIMARILY USED FOR ADMINISTRATION PURPOSES, ATHLETIC FACILITIES, STUDENT HOUSING, AND MEETING SPACES AVAILABLE TO THE PUBLIC. 734007 734007 SCHOLARSHIPS- THE LANDER FOUNDATION PROVIDES FUNDS THROUGH SCHOLARSHIPS TO STUDENTS IN NEED. 208716 208716 FACULTY AND STAFF DEVELOPMENT AND RESEARCH- THE FOUNDATION FACULTY AND STAFF DEVELOPMENT COMMITTEE RECEIVES AND REVIEWS PROPOSALS AND AWARDS GRANTS REGARDING NEEDS OF THE UNIVERSITY, SUCH AS FACULTY AND STAFF. 4399438 1 0 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 SC X JOE GREENTHAL 8643888350 CO LANDER UNIV 320 STANLEY AVENUE GREENWOOD SC 29649 X SYM SINGH DIRECTOR 0.10 X 0 0 0 CLAY DORN DIRECTOR 0.10 X 0 0 0 LASHAYE HUTCHINSON DIRECTOR 0.10 X 0 0 0 HOLLY BRACKNELL DIRECTOR 0.10 X 0 0 0 CHRIS CABRI DIRECTOR 0.10 X 0 0 0 JOHN CRAIG DIRECTOR 0.10 X 0 0 0 EMMETT MURRAY DIRECTOR 0.10 X 0 0 0 TIM WEDEMYER DIRECTOR 0.10 X 0 0 0 RICK FLOWE DIRECTOR 0.10 X 0 0 0 ROBYN HOFFMAN EXECUTIVE DIRECTOR NON-VOT 40.00 X X 0 0 0 THEO LANE DIRECTOR 0.10 X 0 0 0 WARREN BACOTE DIRECTOR 0.10 X 0 0 0 RICHARD COSENTINO DIRECTOR NON-VOTING 0.10 X 0 0 0 LORRAINE ANGELINO DIRECTOR 0.10 X 0 0 0 STEVE BOLTON VICE CHAIR 0.10 X X 0 0 0 SANDY SINGLETARY DIRECTOR NON-VOTING 0.10 X 0 0 0 ADAM TAYLOR DIRECTOR NON-VOTING 0.10 X 0 0 0 BRITTANY TIMS DIRECTOR NON-VOTING 0.10 X 0 0 0 STEVE WOHLWEND CHAIR 0.10 X X 0 0 0 JOE GREENTHAL TREASURER NON-VOTING 0.10 X X 0 0 0 0 0 0 0 0 0 0 0 1044499 2969016 4013515 666529 666529 2981388 0 2981388 2981388 2981388 247604 0 247604 247604 247604 7909036 3228992 0 666529 942723 942723 30300 30300 63487 63487 1613 1613 206734 206734 629568 629568 12023 12023 STAFF SUPPORT 3466928 2611896 320682 534350 BANKING FEES 6043 6043 SUPPORTING SERVICES 4518 4518 INKIND EXPENSE 2474 2474 5366411 4399438 432623 534350 649943 2482809 3698537 3787184 7130 9530 27225147 8219261 17105014 19005886 25072343 28134710 1034718 1052519 1084207 359861 48651892 54832499 206565 143911 286440 492626 7900000 7495000 520547 363431 44736 36585 8958288 8531553 X 9871797 13160819 29821807 33140127 39693604 46300946 48651892 54832499 X 2542625 2606141 1458576 X X 0 1 X 1 0 X X 0 25729202 664024 3220383 1050546 28563063 23149822 629374 2965479 1015473 25729202 21326094 812546 2086850 1075668 23149822 21962591 3349285 -3107390 878392 21326094 15874547 2242867 4416323 571146 21962591 0 0 6162830 6162830 20783698 7998167 12785531 278619 221094 57525 19005886 ACTUARIAL LIABILITY OF ANNUITIES PAYABLE 27626 LEASE LIABILITY 8959 36585 X 10451571 2606141 -119 2606022 7845549 63487 63487 7909036 5302924 0 5302924 63487 63487 5366411 PART X, LINE 2: THE FOUNDATION HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, INCOME EARNED IN FURTHERANCE OF THE FOUNDATION'S TAX-EXEMPT PURPOSE IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. ANY ACTIVITIES NOT DIRECTLY RELATED TO THE FOUNDATION'S TAX-EXEMPT PURPOSE ARE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN ACTUARIAL LIABILITY OF ANNUITIES -119. COLLECTIONS DESCRIPTIONS (PART III, LINE 4) THE FOUNDATION HAS PAINTINGS AND A LARGE RARE GEMSTONE WHICH ARE DISPLAYED AT LANDER UNIVERSITY AND ARE USED FOR EDUCATIONAL PURPOSES. ENDOWMENT FUNDS INTENDED USES (PART V, LINE 4) THE ENDOWMENT FUNDS ARE INTENDED TO SUPPORT THE WELFARE OF THE LANDER FOUNDATION AND LANDER UNIVERSITY. THE ENDOWMENT CONTRIBUTIONS AND EARNINGS ARE PRIMARILY USED TO PROVIDE SCHOLARSHIPS TO UNIVERSITY STUDENTS, PROVIDE MONETARY SUPPORT FOR FACULTY RESEARCH AND STAFF DEVELOPMENT, AND TO ACQUIRE PROPERTY USED BY AND FOR THE UNIVERSITY. OTHER REVENUES NOT INCLUDED ON FORM 990 (PART XI, LINE 2D) THE OTHER REVENUES NOT INCLUDED ON FORM 990 PART VIII LINE 12 CONSIST OF CHANGES IN ACTUARIAL LIABILITY OF ANNUITIES PAYABLE IN THE AMOUNT OF $119. FOOTNOTE FOR UNCERTAIN TAX POSITION UNDER FIN 48 (PART X) THE FOUNDATION HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, INCOME EARNED IN FURTHERANCE OF THE FOUNDATIONS TAX-EXEMPT PURPOSE IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. ANY ACTIVITIES NOT DIRECTLY RELATED TO THE FOUNDATIONS TAX-EXEMPT PURPOSE ARE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. 1 LANDER UNIVERSITY 320 STANLEY AVENUE GREENWOOD SC 29646 570559320 501(C)(3) 0 734007 RESTRICTED SCHOLARSHIPS LANDER UNIVERSITY 320 STANLEY AVENUE GREENWOOD SC 29646 570559320 501(C)(3) 0 203171 PROGRAMS FOR ACADEMICS AND ADMIN A SC JOBS- ECON DEV AUTH ECONOMI 570960018 000000000 2019-10-18 9330000 DEVELOPMENT OF SPORTS COMPLEX 0 0 0 B SC JOBS- ECON DEV AUTH ECONOMI 570960018 000000000 2019-10-18 95000 DEVELOPMENT OF SPORTS COMPLEX 0 0 0 A 0 0 0 1 B 0 0 0 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 0 0 0 0 1 REGIONS BANK 300.000000000000 0 0 0 0 0 B 0 0 0 0 0 1 REGIONS BANK 200.000000000000 0 0 0 0 0 A 0 B 0 FORM 990, PART VI, SECTION B, LINE 11B THE 990 WAS REVIEWED BY THE EXECUTIVE COMMITTEE OF THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EXECUTIVE DIRECTOR AND PRESIDENT OF THE LANDER FOUNDATION MEET TO DISCUSS BOARD MEMBERS CONFLICT OF INTEREST STATEMENTS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATIONS 990 IS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN ACTUARIAL LIABILITY OF ANNUITIES -119. PRIOR PERIOD ADJUSTMNETLESSOR ACCOUNTING ADJUSTMENT 1,416,690. PRIOR PERIOD ADJSUTMENT - UNRECORDED CONTRIBUTIONS OF NONFINANCIAL ASSETS 42,005. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART XI, LINE 9, CHANGES IN NET ASSETS - ADDITIONAL INFORMATION DURING FISCAL YEAR 2025, MANAGEMENT DETERMINED CERTAIN LEASES, FOR WHICH THE FOUNDATION IS THE LESSOR, WERE ACCOUNTED FOR INCORRECTLY IN A PRIOR YEAR. IT WAS DETERMINED THAT THE LEASE RECEIVABLE WAS OVERSTATED AND RELATED DEFERRED REVENUE AND LAND, BUILDINGS, AND EQUIPMENT, NET WERE UNDERSTATED. THE CORRECTION OF THIS REPORTING ERROR RESULTED IN A DECREASE OF $689,761 TO LEASE RECEIVABLE, AN INCREASE OF $369,379 TO DEFERRED REVENUE, AN INCREASE TO LAND, BUILDINGS, AND EQUIPMENT, NET OF $2,475,830, AND AN INCREASE TO BEGINNING NET ASSETS OF $1,416,690 AS OF JULY 1, 2024. IT WAS ALSO DETERMINED THAT CONTRIBUTIONS OF NONFINANCIAL ASSETS RECEIVED IN A PRIOR YEAR HAD NOT BE RECORDED RESULTING IN AN UNDERSTATEMENT OF LAND, BUILDINGS, AND EQUIPMENT, NET. THE CORRECTION OF THIS REPORTING ERROR RESULTED IN AN INCREASE TO LAND, BUILDINGS, AND EQUIPMENT, NET AND A CORRESPONDING INCREASE TO BEGINNING NET ASSETS OF $42,005. THE FOLLOWING TABLE PRESENTS A RECONCILIATION OF NET ASSETS IMPACTED BY THE RESTATEMENT: NET ASSETS JUNE 30, 2024, A PREVIOUSLY REPORTED $39,693,604 LESSOR ACCOUNTING ADJUSTMENT $1,416,690 UNRECORDED CONTRIBUTIONS OF NONFINANCIAL ASSETS $ 42,005 NET ASSETS AT JUNE 30, 2024, RESTATED $41,152,299 LANDER RWS PROPERTIES LLC 414 MAIN STREET GREENWOOD SC 29646 REAL ESTATE LEASING SC N/A LANDER FOUNDATION PROPERTIES LLC 320 STANLEY AVENUE GREENWOOD SC 29646 REAL ESTATE LEASING SC N/A BEARCAT VILLAGE LLC 320 STANLEY AVENUE GREENWOOD SC 29646 REAL ESTATE LEASING SC N/A LANDER UNIVERSITY 320 STANLEY AVENUE GREENWOOD SC 29646 570559320 COEDUCATIONAL FOUR-YEAR UNIVERSITY SC 501(C)(3) LINE 2 0 LANDER UNIVERSITY ALUMNI ASSOCIATION 320 STANLEY AVENUE GREENWOOD SC 29646 576029107 ALUMNI SPORTS ACTIVITIES SC 501(C)(3) LINE 5 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 1 0 LANDER RWS PROPERTIES J 2981387 COST LANDER UNIVERSITY R 942723 COST/CASH PAID