2026-01-21T07:08:08-06:00 2025-06-30 580692043 MAULDIN & JENKINS LLC 508 HAMPTON STREET COLUMBIA SC 29201 990 2024-07-01 200118161 FRANCIS MARION UNIVERSITY DEVELOPMENT FOUNDATION FRAN 8436611131 PO BOX 100547 FLORENCE SC 29502 HAIEASHA SINGLETARY EXECUTIVE DIRECTOR 8436611131 2026-01-20 1 1 MICHELLE CHAPMAN CPA P01263095 8037995810 2026-01-20 2024 2025-03-06 01:10:19Z HAIEASHA SINGLETARY PO BOX 100547 FLORENCE SC 29502 7752335 0 X NA X 2003 SC THE FOUNDATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF FRANCIS MARION UNIVERSITY, SPECIFICALLY IN MANAGEMENT OF STUDENT HOUSING, OTHER REAL PROPERTY, AND ACCEPTANCE OF GIFTS AND OTHER SUPPORT AS AGREED UPON BY THE FOUNDATION'S BOARD OF DIRECTORS AND THE UNIVERSITY. 5 4 0 4 0 0 0 0 6682063 7270841 414723 422051 0 59443 7096786 7752335 1098678 2393958 0 0 688563 662101 0 0 0 4129922 4441495 5917163 7497554 1179623 254781 27833235 27097598 15081267 14090848 12751968 13006750 X THE FOUNDATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF FRANCIS MARION UNIVERSITY, SPECIFICALLY IN MANAGEMENT OF STUDENT HOUSING, OTHER REAL PROPERTY, AND ACCEPTANCE OF GIFTS AND OTHER SUPPORT AS AGREED UPON BY THE FOUNDATION'S BOARD OF DIRECTORS AND THE UNIVERSITY. 0 0 4999333 7270841 THE FOUNDATION, AS PART OF ITS MISSION TO SUPPORT THE UNIVERSITY, IS REQUIRED TO OPERATE, MAINTAIN, AND LEASE HOUSING FACILITIES FOR STUDENTS AND FACULTY. THE PR0GRAM SERVICE IS CARRIED OUT THROUGH THE FOUNDATION'S SINGLE MEMBER FMU STUDENT HOUSING, LLC. ALL REVENUE GENERATED BY THE LLC FROM HOUSING SERVICES ARE MANAGED AND HELD BY THE FOUNDATION. HOUSING SERVICES ARE PROVIDED PRIMARILY DURING THE FALL AND SPRING SEMESTERS WITH MINOR REVENUES BEING RECEIVED FOR SUMMER SEMESTERS, FEES AND FINES AND SUMMER CAMP HOUSING FOR FMU SUMMER PROGRAMS. 2393958 2393958 THE FOUNDATION IS A PROGRAM SUPPORTED AGENCY AND ACTS IN ACCORDANCE WITH ITS NONPROFIT STATUS TO PROVIDE SUPPORT TO FRANCIS MARION UNIVERSITY. ALL DONATIONS IN KIND OR IN CASH ARE REPORTED BY THE SUPPORTED ORGANIZATION AS GIFTS FROM THE DEVELOPMENT FOUNDATION. THE DEVELOPMENT FOUNDATION PROVIDES DONATIONS TO THE EDUCATION FOUNDATION, WHICH IS A RELATED PARTY TO FRANCIS MARION UNIVERSITY. 7393291 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 X 3 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 SC X X HAIEASHA SINGLETARY 8436611131 PO BOX 100547 FLORENCE SC 29502 DARRYL BRIDGES TREASURER-VICE PRESIDENT FOR FINANCE & FACILITIES 0.10 37.40 X X 0 194489 64912 KEN JACKSON VICE-CHAIRMAN 0.10 0.00 X X 0 0 0 CARL HUMPHRIES BOARD MEMBER 0.10 0.00 X 0 0 0 JOYCE DURANT BOARD MEMBER 0.10 0.00 X 0 0 0 PERRY GRICE BOARD MEMBER 0.10 0.00 X 0 0 0 HAIEASHA SINGLETARY EXECUTIVE DIRECTOR 12.00 25.50 X 0 52358 26581 0 246847 91493 0 0 1 0 JOHNSON CONTROLS INC 5757 NORTH GREEN BAY AVENUE MILWAUKEE WI 53209 HVAC SERVICES 258986 1 HOUSING SERVICES 611310 7270841 7270841 7270841 422051 422051 OTHER INCOME 611310 59443 59443 59443 7752335 7270841 0 481494 2393958 2393958 476371 455970 20401 185730 175529 10201 32412 32412 12901 12901 16437 16437 7019 7019 932641 932641 168 168 571866 571866 486074 486074 286024 281132 4892 REPAIRS AND MAINTENANCE 1138747 1138747 CONTRACTUAL SERVICES 742112 742112 STUDENT SUPPORT 215094 215094 7497554 7393291 104263 0 1754014 9388161 12619161 4765183 114418 1406129 2484454 1163013 19523098 9147986 10861188 10375112 27833235 27097598 5365 218173 0 103588 14727783 13769087 348119 0 15081267 14090848 X 12751968 13006750 12751968 13006750 27833235 27097598 X 254781 1 X X 0 1 X 1 0 X X 1 FRANCIS MARION UNIVERSITY 570522624 6 1 2192683 0 1 2192683 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X X 1 1 PART IV, SECTION D, LINE 3 ROLE OF SUPPORTED ORGANIZATIONS THE BUDGET IS APPROVED BY THE FOUNDATION'S BOARD OF DIRECTORS AND SUBMITTED TO THE UNIVERSITY AS INFORMATION. THE UNIVERSITY HAS SIGNIFICANT INPUT AND EXERCISES SIGNIFICANT INFLUENCE WITH REGARD TO THE USE OF THE ORGANIZATIONS RESOURCES, AS PROVIDED IN THE BYLAWS. PART IV, SECTION E, LINE 1C: FRANCIS MARION UNIVERSITY DEVELOPMENT FOUNDATION IS OPERATED FOR THE BENEFIT OF FRANCIS MARION UNIVERSITY SPECIFICALLY TO ACQUIRE, CONSTRUCT, FINANCE, PLEDGE, MAINTAIN, OPERATE, MANAGE AND LEASE HOUSING FACILITIES FOR STUDENTS AND FACULTY OF THE UNIVERSITY AND OTHER REAL PROPERTY (AND RELATED PERSONAL PROPERTY) FOR THE BENEFIT AND SUPPORT OF THE UNIVERSITY. PART IV, SECTION E, LINE 2A: FRANCIS MARION UNIVERSITY DEVELOPMENT FOUNDATION WAS CREATED TO SUPPORT FRANCIS MARION UNIVERSITY THROUGH OPERATING, MANAGING AND LEASING HOUSING FACILITIES FOR STUDENTS AND FACULTY OF THE UNIVERSITY. THE FOUNDATION HAS CONTINUED ITS SUPPORT TO THE UNIVERSITY BY PERFORMING THE ACTIVITIES DESCRIBED. PART IV, SECTION E, LINE 2B: EXPLANATION OF ORGANIZATION'S POSITION THE HOUSING FACILITIES ARE NECESSARY AND INDISPENSABLE TO THE CONTINUING EXISTENCE AND OPERATION OF THE UNIVERSITY. 18403453 8433678 9969775 572315 268451 303864 411915 411356 559 135415 34501 100914 10375112 7739435 1 1 7739434 12901 12901 7752335 7484653 0 7484653 12901 12901 7497554 PART XI, LINE 2D - OTHER ADJUSTMENTS: ROUNDING 1. 1 FRANCIS MARION UNIVERSITY PO BOX 100547 FLORENCE SC 29502 570522624 501(C)(3) 2192683 0 UNIVERSITY SUPPORT FMU EDUCATION FOUNDATION PO BOX 100547 FLORENCE SC 29502 237432174 501(C)(3) 201275 0 UNIVERSITY SUPPORT 2 PART I, LINE 2: THE FOUNDATION DOES NOT AWARED GRANTS BUT PROVIDES OTHER ASSISTANCE IN THE FORM OF CONTRIBUTIONS AND NON-CASH CONTRIBUTIONS TO THE UNIVERSITY AND ITS EDUCATION FOUNDATION AS SUPPORT FOR THE UNIVERSITY AS OUR 509(A)(3) STATUS REQUIRES. 0 0 0 0 0 0 0 0 0 DARRYL BRIDGES TREASURER-VICE PRESIDENT FOR FINANCE 0 194489 0 0 0 0 0 49273 0 15639 0 259401 0 0 A SC JOBS-ECONOMIC DEVELOPMENT AUTHORITY 570960018 837031TL7 2014-11-12 13404505 REFINANCE OF 2004A BOND. 0 0 0 B SC JOBS-ECONOMIC DEVELOPMENT AUTHORITY 570960018 163405168 2021-10-01 7555000 REFINANCE OF 2006A BOND AND PAY FOR 2021 BOND SERIES A AND B ISSUANCE COSTS. 0 0 0 A 5609505 13404505 999000 258752 13145753 2014 1 0 0 1 B 1100000 7555000 261870 7555000 2021 1 0 0 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 1 0 0 0 0 1 B 1 0 0 0 0 1 A 1 B 1 FORM 990, PART V, LINE 2A AND 2B: THE FOUNDATION'S EMPLOYEES ARE SHARED BETWEEN ORGANIZATIONS. COMPENSATION IS PAID AND REPORTED FOR TAX PURPOSES BY THE FRANCIS MARION UNIVERSITY UNDER EIN# 57-0522624. THE VALUE OF UNIVERSITY-DONATED EMPLOYEE SERVICES FOR THE YEAR ENDED 6/30/25 WAS $476,371. FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990 THE FULL BOARD OF THE FOUNDATION IS PROVIDED A COPY OF THE 990 PRIOR TO SUBMISSION TO THE IRS. WHEN A MEETING OF THE FULL BOARD PRIOR TO SUBMISSION IS NOT FEASIBLE, THE BOARD IS GIVEN THE 990 AND PROVIDED A TWO WEEK COMMENT PERIOD. FORMAL APPROVAL IS DOCUMENTED BY THE CHAIRMAN AND TREASURER OF THE BOARD. IF A MEETING ISN'T HELD PRIOR TO SUBMISSION TO THE IRS, A FULL BRIEFING IS PROVIDED AT THE NEXT MEETING AND APPROVAL OF THE ENTIRE BOARD IS OBTAINED DURING THAT TIME. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST IS REVIEWED EACH YEAR THROUGH THE REVIEW OF THE FOUNDATION'S BYLAWS AFTER WHICH THE BOARD IS REQUIRED TO HAVE EACH MEMBER SIGN THE FOUNDATION'S ANNUAL STATEMENT FORM NOTING THAT EACH MEMBER HAS REVIEWED THE: BYLAWS, NOTED THE CONFLICT INTEREST POLICY, AND UNDERSTAND THE REQUIREMENTS SET FORTH THERE IN. NO SUCH VIOLATIONS OF THE CONFLICT OF INTEREST POLICY HAS OCCURRED TO DATE. THE EXECUTIVE DIRECTOR OF THE FOUNDATION CONTINUALLY MONITORS TRANSACTIONS TO ENSURE THE FOUNDATION'S BYLAWS AND CONTROLS ARE ADHERED TO. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS DISCLOSURE EXPLANATION. ALL DOCUMENTS (BYLAWS, CONFLICT OF INTEREST POLICY, AND FINANCIAL DOCUMENTS) ARE AVAILABLE UPON REQUEST FROM THE FOUNDATION. FORM 990, PART XI, LINE 9: ROUNDING 1. FMU STUDENT HOUSING LLC PO BOX 100547 FLORENCE SC 295020547 200118161 HOUSING SC 7454854 18459368 FRANCIS MARION UNIVERSITY DEVELOPMENT FOUNDATION FRANCIS MARION UNIVERSITY PO BOX 100547 FLORENCE SC 295020547 570522624 HIGHER EDUCATION SC 501C3 2 N/A 0 0 1 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 0 1 FRANCIS MARION UNIVERSITY B 2192683 CASH FRANCIS MARION UNIVERSITY K 233412 CASH FRANCIS MARION UNIVERSITY M 135000 CASH FRANCIS MARION UNIVERSITY O 30602 CASH FRANCIS MARION UNIVERSITY P 3398868 CASH FRANCIS MARION UNIVERSITY S 7270841 CASH