2025-01-21T14:12:55-08:00 2024-08-31 570957419 The Hobbs Group PA 1704 Laurel Street Columbia SC 29201 990 2023-09-01 570343998 South Carolina Independent Colleges and Universities SOUT 8037997122 1706 Senate Street Columbia SC 29201 Brenda Torrence Dir Finance 2025-01-21 true true Will Stevens CPA P01208094 8037990555 2023 2024-10-15 13:58:12Z X Brenda Torrence 1706 Senate Street Columbia SC 29201 1341877 false X www.scicu.org X 1953 SC SCICU SUPPORTS AND PROMOTES THE VALUES OF INDEPENDENT HIGHER EDUCATION IN SOUTH CAROLINA. 70 70 5 0 1090203 1080169 0 71177 172309 25810 66495 1187190 1318973 732519 673985 0 493017 478019 0 39835 155251 157564 1380787 1309568 -193597 9405 4898954 5437274 0 4898954 5437274 SCICU SEEKS TO ADVANCE HIGHER EDUCATION IN SOUTH CAROLINA THROUGH FUNDRAISING, SCHOLARSHIPS, RESEARCH, AS WELL AS FACILITATING COLLABORATIVE ACTIVITIES AMONG THE MEMBER INSTITUTIONS. SCICU ALSO ENHANCES A POSITIVE PUBLIC IMAGE AND ENCOURAGES GOVERNMENT POLICIES THAT SUPPORT INDEPENDENT HIGHER EDUCATION. false false 1053967 673985 TO PLAN, CONDUCT, COORDINATE AND FINANCE ACTIVITIES THAT PROMOTE THE WELL-BEING OF PRIVATE COLLEGES AND UNIVERSITIES IN SOUTH CAROLINA. 1053967 true true false true false false false false false true true false false false false true true false false false false false false false true false false true false true false false false false false false false false false false false false false false false false false true X 15 0 true 5 true false false false false false false false 0 false false false false false false false X 70 70 false false false false true true true true true false false true true true true true true true true false SC X X Brenda Torrence 8037997122 PO Box 12007 Columbia SC 29211 Jeff Perez President 40.00 0.00 X 177153 0 0 Brenda Torrence Dir Finance 40.00 0.00 X 38969 0 0 Ernest C McNealey Trustee 0.20 0.00 X 0 0 0 Evans P Whitaker Council of Coll 0.20 0.00 X X 0 0 0 Roslyn C Artis Trustee 0.20 0.00 X 0 0 0 Joshua L Crockett Trustee 0.20 0.00 X 0 0 0 B Keith Faulkner Trustee 0.20 0.00 X 0 0 0 Dwaun J Warmack Trustee 0.20 0.00 X 0 0 0 Natalie J Harder Council of Coll 0.20 0.00 X X 0 0 0 John Dozier Trustee 0.20 0.00 X 0 0 0 William H Jones Trustee 0.20 0.00 X 0 0 0 Boone J Hopkins Trustee 0.20 0.00 X 0 0 0 Steven C Adamson Trustee 0.20 0.00 X 0 0 0 Elizabeth B Davis Trustee 0.20 0.00 X 0 0 0 Nathan B Copeland Trustee 0.20 0.00 X 0 0 0 Said L Sewell Trustee 0.20 0.00 X 0 0 0 Maurice W Scherrens Trustee 0.20 0.00 X 0 0 0 Gene C Fant Jr Vice Chair 0.20 0.00 X X 0 0 0 Anita O Gustafson Trustee 0.20 0.00 X 0 0 0 William D Barker Trustee 0.20 0.00 X 0 0 0 W Scott Cochran Trustee 0.20 0.00 X 0 0 0 Ronnie Hopkins Trustee 0.20 0.00 X 0 0 0 Nayef H Samhat Trustee 0.20 0.00 X 0 0 0 Susan Amick Trustee 0.20 0.00 X 0 0 0 Ava Ayers Trustee 0.20 0.00 X 0 0 0 Cynthia Bennett Trustee 0.20 0.00 X 0 0 0 Jerry Bentley Trustee 0.20 0.00 X 0 0 0 Tyson Blanton Trustee 0.20 0.00 X 0 0 0 Willis Cantey Chairman 0.20 0.00 X X 0 0 0 Blake Dowd Trustee 0.20 0.00 X 0 0 0 Kristi Edson Trustee 0.20 0.00 X 0 0 0 John Garrison Trustee 0.20 0.00 X 0 0 0 Steve Groth Trustee 0.20 0.00 X 0 0 0 Scott Hagler Trustee 0.20 0.00 X 0 0 0 Steve Hall Chair-Finance 0.20 0.00 X X 0 0 0 David Harrell Trustee 0.20 0.00 X 0 0 0 Michael Jackson Trustee 0.20 0.00 X 0 0 0 Wade Kolb Trustee 0.20 0.00 X 0 0 0 Tom Kutyla Trustee 0.20 0.00 X 0 0 0 Dennis Lynch Trustee 0.20 0.00 X 0 0 0 Jada Mcabee Trustee 0.20 0.00 X 0 0 0 Donny McElveen Trustee 0.20 0.00 X 0 0 0 Lucy Grey McIver Past Board Chai 0.20 0.00 X X 0 0 0 Robert McKie Trustee 0.20 0.00 X 0 0 0 Adela Mendoza Trustee 0.20 0.00 X 0 0 0 David Murphy Trustee 0.20 0.00 X 0 0 0 Brandolyn Pinkston Chair-Public 0.20 0.00 X X 0 0 0 Ben Porter Chair-Elect 0.20 0.00 X X 0 0 0 John Ramsey Trustee 0.20 0.00 X 0 0 0 Kalisha Richardson Trustee 0.20 0.00 X 0 0 0 Mark Robbins Trustee 0.20 0.00 X 0 0 0 Patrick Sapp Trustee 0.20 0.00 X 0 0 0 Kevin Short Trustee 0.20 0.00 X 0 0 0 David Trey Simon Chair-Develop 0.20 0.00 X X 0 0 0 John Sullivan Trustee 0.20 0.00 X 0 0 0 Caryn Vedane Trustee 0.20 0.00 X 0 0 0 Danna Vetter Trustee 0.20 0.00 X 0 0 0 Brent Weaver Trustee 0.20 0.00 X 0 0 0 Sharon Williams Trustee 0.20 0.00 X 0 0 0 Chris Zimmer Trustee 0.20 0.00 X 0 0 0 Leroy Staggers Council of Coll 0.20 0.00 X X 0 0 0 Paula Harper-Bethea Trustee 0.20 0.00 X 0 0 0 G Lee Cory Trustee 0.20 0.00 X 0 0 0 Hugh C Lane Jr Trustee 0.20 0.00 X 0 0 0 E Erwin Maddrey II Trustee 0.20 0.00 X 0 0 0 Jerry Neal Trustee 0.20 0.00 X 0 0 0 M Edward Sellers Trustee 0.20 0.00 X 0 0 0 Minor Mickel Shaw Trustee 0.20 0.00 X 0 0 0 Joel A Smith III Trustee 0.20 0.00 X 0 0 0 Robert E Staton Trustee 0.20 0.00 X 0 0 0 William B Timmerman Trustee 0.20 0.00 X 0 0 0 M William Youngblood Jr Trustee 0.20 0.00 X 0 0 0 216122 1 false true false 0 565040 515129 1080169 0 137985 137985 0 0 0 34324 34324 34324 34324 45742 22904 22838 0 0 Buy-in Revenue 40957 40957 Miscellaneous 2700 2700 43657 1318973 215966 673985 673985 0 0 0 215079 117693 79363 18023 0 204652 111987 75516 17149 0 58288 31476 22149 4663 0 0 0 0 0 0 0 14975 11232 3743 4622 3467 1155 6377 4782 1595 11047 8286 2761 0 0 13803 8283 5520 0 8889 6667 2222 0 0 2975 2975 7352 5514 1838 Investment fees 29665 22248 7417 Dues 17531 15777 1754 Miscellaneous 10871 8154 2717 Printing and Publications 8233 7410 823 21224 17006 4218 1309568 1053967 215766 39835 108733 24040 342334 464852 0 0 0 0 0 0 19525 30179 190449 176800 16624 13649 4411738 4904554 0 0 0 0 4898954 5437274 0 0 X 3238382 3843525 1660572 1593749 4898954 5437274 4898954 5437274 9405 528915 X X false true X true false X X 21 Allen University 570341191 2 true 10909 0 Anderson University 570324906 2 true 59651 0 Benedict College 570314365 2 true 17902 0 Bob Jones University 571088101 2 true 36328 0 Charleston Southern University 570474291 2 true 46290 0 Claflin University 570314374 2 true 29640 0 Coker University 570324916 2 true 21506 0 Columbia College 570324915 2 true 23651 0 Columbia International University 570352247 2 true 23745 0 Converse University 570314380 2 true 23898 0 Erskine College 570314390 2 true 20912 0 Furman University 570314395 2 true 34406 0 Limestone University 570314402 2 true 27102 0 Morris College 576000734 2 true 9798 0 Newberry College 570314404 2 true 27433 0 North Greenville University 570314406 2 true 34280 0 Presbyterian College 570314408 2 true 24505 0 Southern Wesleyan University 570324936 2 true 21737 0 Spartanburg Methodist College 570314415 2 true 26458 0 Voorhees University 570329786 2 true 9745 0 Wofford College 570314422 2 true 35144 0 21 565040 0 true false false false false false false false false false false false false false false true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false 68599 68599 1240969 1309568 205957 51489 false 199886 208862 213079 205957 827784 1241676 90740 90284 93613 68599 343236 49972 52216 53270 51489 206947 310421 1309553 88974 92032 1306495 1484995 58555 95429 138568 1309553 1486419 69284 70708 1484995 1481519 224825 219925 1486419 1496068 239 45212 60000 1481519 0.20580 0.79420 false false false 121531 121531 42183 29462 12721 15747 14819 928 10988 10988 13649 X 1870792 528915 22904 551819 1318973 1318973 1332472 22904 22904 1309568 1309568 Part X : FIN48 Footnote The organization is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code and therefore has made no provision for federal income taxes in the accompanying financial statement. Management is not aware of any transactions which would jeopardize their tax-exempt status. Accounting principles generally accepted in the United States of America require 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 substantiated upon examination by the Internal Revenue Service. Management has analyzed the tax positions taken by the Foundation and has concluded that as of August 31, 2024 and 2023, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The Organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. U.S. state jurisdictions have statutes of limitations that generally range from three to five years. Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 Special Events, Expenses $22904 Part XII, Line 2d: Other expenses and losses per audited F/S Special Events, Expenses $22904 X false Excellence in Teaching 9396 9396 9396 9396 9396 false ALLEN UNIVERSITY 1530 HARDEN STREET COLUMBIA SC 29204 570341191 28690 0 N/A N/A HIGHER EDUCATION ANDERSON UNIVERSITY 316 BOULEVARD ANDERSON SC 29621 570324906 44246 0 N/A N/A HIGHER EDUCATION BENEDICT COLLEGE 1600 HARDEN STREET COLUMBIA SC 29204 570314366 38926 0 N/A N/A HIGHER EDUCATION BOB JONES UNIVERSITY 1700 WADE HAMPTON BOULEVARD GREENVILLE SC 29614 571088101 35767 0 N/A N/A HIGHER EDUCATION CHARLESTON SOUTHERN UNIVERSIT 9200 UNIVERSITY BOULEVARD NORTH CHARLESTO SC 29406 570474291 30150 0 N/A N/A HIGHER EDUCATION CLAFLIN UNIVERSITY 400 MAGNOLIA STREET ORANGEBURG SC 29115 570314374 31078 0 N/A N/A HIGHER EDUCATION COKER UNIVERSITY 300 EAST COLLEGE AVE HARTSVILLE SC 29550 570324916 36752 0 N/A N/A HIGHER EDUCATION COLUMBIA COLLEGE 1301 COLUMBIA COLLEGE DRIVE COLUMBIA SC 29203 570324915 27743 0 N/A N/A HIGHER EDUCATION COLUMBIA INTERNATIONAL UNIVER 7435 MONTICELLO ROAD COLUMBIA SC 29203 570352247 32031 0 N/A N/A HIGHER EDUCATION CONVERSE UNIVERSITY 580 EAST MAIN STREET SPARTANBURG SC 29302 570314380 35797 0 N/A N/A HIGHER EDUCATION ERSKINE COLLEGE 2 WASHINGTON STREET DUE WEST SC 29639 570314390 26243 0 N/A N/A HIGHER EDUCATION FURMAN UNIVERSITY 3300 POINSETT HIGHWAY GREENVILLE SC 29613 570314395 36466 0 N/A N/A HIGHER EDUCATION LIMESTONE UNIVERSITY 1115 COLLEGE DRIVE GAFFNEY SC 29340 570314402 29879 0 N/A N/A HIGHER EDUCATION MORRIS COLLEGE 100 W COLLEGE STREET SUMTER SC 29150 576000734 25642 0 N/A N/A HIGHER EDUCATION NEWBERRY COLLEGE 2100 COLLEGE STREET NEWBERRY SC 29108 570314404 26612 0 N/A N/A HIGHER EDUCATION NORTH GREENVILLE UNIVERSITY 7801 NORTH TIGERVILLE ROAD TIGERVILLE SC 29688 570314406 30709 0 N/A N/A HIGHER EDUCATION PRESBYTERIAN COLLEGE 503 S BROAD STREET CLINTON SC 29325 570314408 40288 0 N/A N/A HIGHER EDUCATION SOUTHERN WESLEYAN UNIVERSITY 907 WESLEYAN DRIVE CENTRAL SC 29630 570324936 30391 0 N/A N/A HIGHER EDUCATION SPARTANBURG METHODIST COLLEGE 1000 POWELL MILL ROAD SPARTANBURG SC 29301 570314415 25523 0 N/A N/A HIGHER EDUCATION VOORHEES UNIVERSITY 430 PORTER DRIVE DENMARK SC 29042 570329786 28900 0 N/A N/A HIGHER EDUCATION WOFFORD COLLEGE 429 NORTH CHURCH STREET SPARTANBURG SC 29303 570314422 32152 0 N/A N/A HIGHER EDUCATION 21 0 X false false false false false false false false false Jeff Perez President 177153 177153 Form 990, Part VI, Section A, Line 6 THE ORGANIZATION REPRESENTS TWENTY-ONE INDEPENDENT COLLEGES AND UNIVERSITIES IN THE STATE OF SOUTH CAROLINA AND IS GOVERNED BY A BOARD OF TRUSTEES CONSISTING OF SEVENTY INDIVIDUALS. Form 990, Part VI, Section A, Line 7a THE ORGANIZATION'S BOARD OF TRUSTEES CONSISTS OF PRESIDENTS OF MEMBER COLLEGES AND UNIVERSITIES. A NOMINATING COMMITTEE, COMPRISED OF TRUSTEES, NOMINATES MEMBERS FOR THE NEXT TERM. THE BOARD THEN VOTES ON EACH POSITION. Form 990, Part VI, Section B, Line 11b A DRAFT COPY OF FORM 990 IS REVIEWED BY THE PRESIDENT/CEO AND DIRECTOR OF FINANCE & ADMINISTRATION WHO DISTRIBUTES A DRAFT COPY OF THE FORM TO THE FINANCE COMMITTEE (WHICH IS COMPRISED OF BOARD MEMBERS) FOR COMMENTS. Form 990, Part VI, Section B, Line 12c SCICU REQUIRES ALL MEMBERS TO SUBMIT CONFLICTS ANNUALLY, WHICH IS REVIEWED BY THE BOARD. IN THE EVENT OF A POTENTIAL DURING THE YEAR, THE INTERESTED PERSON SHALL RECUSE HIMSELF/HERSELF FROM DISCUSSIONS AND VOTE ON THE MATTER. Form 990, Part VI, Section B, Line 15a COMPENSATION OF THE PRESIDENT AND KEY EMPLOYEES IS REVIEWED ON AN ANNUAL BASIS BY THE BOARD AND IS BASED ON COMPARABLE INDUSTRY DATA AND ACHIEVEMENT OF PERFORMANCE STANDARDS TO ENSURE REASONABLENESS. ALL DECISIONS ARE DOCUMENTED. Form 990, Part VI, Section C, Line 19 THEIR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. Form 990, Part XII, Line 2c THE AUDIT COMMITTEE IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT PROCESS. 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.