2025-11-13T12:07:27-08:00 2025-06-30 570957419 The Hobbs Group PA 1704 Laurel Street Columbia SC 29201 990 2024-07-01 570468430 South Carolina Technical College System Foundation SOUT 8038965320 111 Executive Center Drive Columbia SC 29210 KATIE BOGAN Treasurer 2025-11-13 true true Will Stevens CPA P01208094 8037990555 2024 2025-03-06 01:10:19Z KATIE BOGAN 111 Executive Center Drive Columbia SC 29210 614265 false X WWW.SCTECHFOUNDATION.ORG X 1965 SC THE FOUNDATION RESOURCES, DEVELOPS, AND INCUBATES SOLUTIONS TO STRENGTHEN THE STATE'S WORKFORCE THROUGH A VARIETY OF ACTIVITIES. IT ENGAGES WITH THE SYSTEM AND ITS INDIVIDUAL TECHNICAL COLLEGES STATEWIDE TO DEVELOP ACCESSIBLE, AFFORABLE PROGRAMMING TO SERVE URBAN, SUBURBAN, AND RURAL COMMUNITIES ACROSS SOUTH CAROLINA; CONNECT EMPLOYERS TO TESTED, INNOVATIVE TALENT DEVELOPMENT APPROACHES TO FILING IN-DEMAND, HIGH-SKILLED JOBS IN A DYNAMIC ECONOMY; AND ACHIEVE OUTCOMES THE SYSTEM MAY NOT OTHERWISE ACCOMPLISH ON ITS OWN. THE FOUNDATION IDENTIFIES OPPORTUNITIES TO EQUIP SOUTH CAROLINA WORKERS WITH THE TOOLS TO BE SKILLED LEARDERS OF NEW AND EXISTING INDUSTRIES AND EXPAND SOUTH CAROLINA'S EMPLOYMENT ECOSYSTEM. THE FOUDNATION HARNESSES PRIVATE RESOURCES TO BOLSTER THE ASSETS OF THE STATE'S LARGEST HIGHER EDUCATION SYSTEM AND DRIVES INNOVATION TO SUPPORT THE WORKFORCE OF TODAY AND TOMORROW. 9 9 0 0 598650 586600 0 29511 22863 0 628161 609463 71000 40000 0 108538 0 22133 345775 371152 416775 519690 211386 89773 858754 971845 12518 4787 846236 967058 THE MISSION OF THE FOUNDATION IS TO BE A SUPPORTING ORGANIZATION OF THE SOUTH CAROLINA TECHNICAL COLLEGE SYSTEM (THE "SYSTEM"). THE FOUNDATION FOSTERS ENDURING RELATIONSHIPS THAT BUILD ADVOCACY AND SUPPORT FOR THE SYSTEM AND THE SIXTEEN (16) TECHNICAL COLLEGES ASSOCIATED THEREWITH, TO ENSURE AND PROMOTE EDUCATIONAL EXCELLENCE. THE FOUNDATION SUPPORTS THE SOUTH CAROLINA TECHNICAL COLLEGE SYSTEM'S EFFORTS TO PROVIDE HIGH-QUALITY, RELEVANT, AND EFFECTIVE PROGRAMS TO PROMOTE ECONOMIC AND WORKFORCE DEVELOPMENT WITHIN THE STATE. false false 251710 CREATE OPPORTUNITY IS AN INITIATIVE OF THE FOUNDATION THAT INCREASES THE SUPPLY OF HIGH-DEMAND SOFTWARE ENGINEERS THROUGH A SCREENING, TRAINING AND APPRENTICESHIP MODEL DESIGNED FOR INDIVIDUALS FROM DIVERSE, NON-TECHNICAL BACKGROUNDS. THE FOUNDATION HAS DEVELOPED A UNIQUE, HIGH-IMPACT CURRICULUM THAT YIELDS DIFFERENTIATED RESULTS. TO DATE, 100% OF THE FOUNDATION'S APPRENTICES HAVE BEEN PLACED AT A MEDIAN SALARY IN EXCESS OF $50,000 PER YEAR WITH HEALTH INSURANCE AND RETIREMENT BENEFITS.CREATE OPPORTUNITY'S PROGRAM HAS BEEN DEVELOPED IN PARTNERSHIP WITH SOUTH CAROLINA'S TECHNICAL COLLEGE SYSTEM, AND CONSISTS OF CURRICULUM DEVELOPOMENT, SOFT SKILLS AND LIFE COUNSELING, FINANCIAL SUPPORT AND PARTNERSHIPS TO ENSURE LONG-TERM SUCCESS.CURRENT INDICATORS OF SUCCESS INCLUDE:1. STUDENT ENROLLMENT AND COMPLETION RATES - GRADUATION RATE HAS IMPROVED WITH EVERY COHORT FOR 2.5 YEARS. COMPLETION RATE = 61%;2. Job placement/retention rates - % of graduates employed in their field within 6 months of graduation = 100%, graduates who remain employed after 1 year = 92%;3. Skills proficiency - regular testing to measure proficiency in key technical skills;4. Program efficiency - regular feedback from instructors to asses curriculum effectiveness and student progress; and5. Income improvement - average participant income increases 76% upon placement in first apprenticeship, potential earnings of $1.2 million over 20 years. 40000 40000 Annually, the Foundation provides an amount applied for and disbursed to the South Carolina State Technical College System to support economic development and technical education. 291710 true false false false false false false false false true false false false false false true true false false false false false false false false false false true false false false false false false false false false false false false false false false true false false false true X 10 0 true 0 false false false false false false false 0 false false false false false false false X 9 9 false false true false false false false true true false false true true true true true true false false false SC X X Charles Rusty Sox 8038965320 111 Executive Center Drive Columbia SC 29210 Mac Bennett Interim CEO 40.00 0.00 X 80640 0 0 BEN REX Chairperson 2.00 0.00 X X 0 0 0 JOHN LS SIMPKINS BOARD MEMBER 2.00 0.00 X 0 0 0 KATIE BOGAN Treasurer 2.00 0.00 X X 0 0 0 EDWARD GRANTLAND BURNS BOARD MEMBER 2.00 0.00 X 0 0 0 WARREN DARBY BOARD MEMBER 2.00 0.00 X 0 0 0 SARA FAWCETT BOARD MEMBER 2.00 0.00 X 0 0 0 MATTHEW RICHARDSON VICE CHAIR 2.00 0.00 X X 0 0 0 DR CAROLYN SWINTON BOARD MEMBER 2.00 0.00 X 0 0 0 DR ERSHELA SIMS BOARD MEMBER 2.00 0.00 X 0 0 0 DR TIM HARDEE Ex Officio 2.00 0.00 X 0 0 0 NAOMI LETT ED & CEO 40.00 0.00 X 0 0 0 80640 0 false false false 0 586600 586600 0 27665 27665 0 0 0 4802 -4802 -4802 -4802 0 0 0 0 609463 22863 40000 40000 0 0 0 0 0 97300 38920 48650 9730 0 1846 738 923 185 9392 3757 4696 939 292792 196144 85380 11268 35000 35000 16273 515 15758 0 0 3319 3319 0 380 84 296 0 0 0 2400 2400 10786 3141 7634 11 0 482 482 0 0 0 1287 1287 Other Expenses 8051 6011 2040 Supplies 382 382 0 519690 291710 205847 22133 435226 513555 0 5486 0 0 0 0 0 0 0 0 418042 458290 0 0 0 0 858754 971845 5339 3734 7179 1053 12518 4787 X 380611 178060 465625 788998 846236 967058 858754 971845 89773 31049 X true X false false false X X 1 SC TECHNICAL COLLEGE SYSTEM 576000286 6 false 40000 0 1 40000 0 true false false false false false false false false false false false false false false true false false X X true false Part IV, Section D, Line 2: Organizaiton Maintained A Relationship with Supported Orgs. The Foundation is organized, and at all times shall be operated, exclusively for the benefit of, to perform the functions of, and to carry out the purposes of the System. The corporation adopted revised Bylaws on June 15, 2023. As of this date, the Board of Trustees consists of 10 individuals, 6 representing diverse populations of the state, 3 members appointed from the South Carolina State Board for Technical and Comprehensive Education, and one Ex Officio member. Part IV, Section E, Line 1c: Explain How Organization Supports Government Entity The Foundation provides indirect and direct economic support to the South Carolina State Board for Technical and Comprehensive Education, a Department of the State of South Carolina, organized to represent the sixteen public technical colleges in South Carolina. Part IV, Section E, Line 2a: Identify Supported Orgs. and Explain How Activities Furthered Exempt Pu The organization provides indirect and direct support for sixteen public technical colleges in South Carolina. 37085 4783 41868 34614 2471 37085 32966 1648 34614 31415 1551 32966 30155 1260 31415 0.72000 0.28000 true false false X 640512 31049 31049 609463 609463 519690 519690 519690 Part X : FIN48 Footnote The Foundation has received a determination letter from the Internal Revenue Service (IRS) indicating it is a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code and is subject to federal income tax only on unrelated business income. Management is not aware of any transactions which would jeopardize tax-exempt status. Accounting principles generally accepted in the United States of America requires management to evaluate tax positions taken by the Foundation and to recognize a tax liability (or asset) if the Foundation has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS. Management has analyzed the tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The Foundation is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Management believes it is no longer subject to income tax examinations for fiscal years prior to 2022. U.S. state jurisdictions have statutes of limitations that generally range from three to five years. false SC TECHNICAL COLLEGE SYSTEM 111 EXECUTIVE CENTER DRIVE COLUMBIA SC 29201 576000286 40000 0 HERITAGE CAD LICENSE 0 1 Form 990, Part VI, Section B, Line 11b BOARDMEMBERSWEREPROVIDEDWITHACOPYOFTHERETURNPRIORTOFILINGANDWEREGIVENAREASONABLE AMOUNT OF TIME TO ASK QUESTIONS AND RECEIVE RESPONSES TO THEIR SATISFACTION PRIOR TO FILING OF THE RETURN. Form 990, Part VI, Section B, Line 12c ANNUALDISCLOSUREOFCONFLICTOFINTERETS.ANYCONFLICTSAREREVIEWEDANDEVALUATEDANDARE SUBJECTTOBOARDACCEPTANCE. Form 990, Part VI, Section C, Line 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part V, Line 1c - Reportable Payments The organization had no reportable payments to a vendor requiring compliance with backup withholding rules, nor did they provide any reportable gaming, gambling, or winnings to a prize winner. SC Technical College System 111 Executive Center Drive Columbia SC 29210 576000286 N/A false false true false false false false false false false true false false false false false false false false false SC Technical College System b 40000 FMV SC Technical College System j 2400 FMV