Nonprofit · EIN 23-7069236
COLLEGE OF CHARLESTON FOUNDATION
Tax-exempt · CHARLESTON, SC 29424
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $23,221,545 | $21,163,314 | $2,058,231 | $222,628,887 | $3,266,623 | $219,362,264 |
| June 30, 2024 | 990 | $21,228,162 | $15,040,272 | $6,187,890 | $204,281,779 | $5,224,820 | $199,056,959 |
| June 30, 2023 | 990 | $13,203,026 | $14,605,720 | -$1,402,694 | $176,644,406 | $4,115,255 | $172,529,151 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $21,920,647
- Program service revenue
- $0
- Investment income
- $91,649
- Net rental income
- $695,491
- Net gain from sales of assets
- $16,532
- Net income from fundraising events
- -$38,127
- Other revenue
- $1,209,249
Expenses
- Grants and similar amounts paid
- $6,704,240
- Compensation of officers, directors and key employees
- $668,517
- Other salaries and wages
- $7,069,468
- Salaries, compensation and benefits (total)
- $7,842,552
- Professional fundraising fees
- $0
- Legal fees
- $366,699
- Occupancy
- $248,291
- Travel
- $835,339
- Depreciation
- $158,795
- Program services (functional)
- $13,559,375
- Management and general (functional)
- $1,527,575
- Fundraising (functional)
- $6,076,364
Balance sheet and other
- Total assets, start of year
- $204,281,779
- Total assets, end of year
- $222,628,887
- Total liabilities, end of year
- $3,266,623
- Net assets, end of year
- $219,362,264
- Land, buildings and equipment
- $5,037,772
- Publicly traded securities
- $597,058
- Net assets without donor restrictions
- $26,780,193
- Net assets with donor restrictions
- $192,582,071
- Gross unrelated business income
- $162,637
- Gross receipts
- $40,368,240
- Employees
- 6
- Volunteers
- 56
- Year formed
- 1970
- State of legal domicile
- SC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Chris Mack | Basketball Coach Highest-paid employee | 0 | $373,106 | $451,727 | $0 |
| Andrew Hsu | President, CofC Key employee | 0 | $470,117 | $271,274 | $20,000 |
| Suzanne Austin | Provost, CofC Key employee | 0 | $100,000 | $278,180 | $0 |
| Matthew Roberts | Athletic Director Highest-paid employee | 0 | $40,166 | $317,729 | $0 |
| Paul Schwager | Dean of School of Business Highest-paid employee | 0 | $30,000 | $298,548 | $0 |
| Dan Frezza | Chief Advancement Officer , CEO Foundation Officer | 10 | $78,400 | $219,873 | $0 |
| JR Barnhart | Foundation CFO Officer | 20 | $0 | $131,396 | $0 |
| Johnnie Baxley | Vice Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Keith Sauls | Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Patricia Ory | Treasurer Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Sherrie Snipes-Williams | Secretary Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Bartina Edwards | Director Trustee or director | 1 | $0 | $0 | $0 |
| Beth Meredith | Director Trustee or director | 1 | $0 | $0 | $0 |
| Brady Quirk-Garvan | Director Trustee or director | 1 | $0 | $0 | $0 |
| Carl Blackstone | Director Trustee or director | 1 | $0 | $0 | $0 |
28 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Chapman McKay | Director Trustee or director | 1 | $0 |
| Charles Mosteller | Director Trustee or director | 1 | $0 |
| Christopher O'Neal | Director Trustee or director | 1 | $0 |
| Craig Eney | Director Trustee or director | 1 | $0 |
| Edward Tuccio | Director Trustee or director | 1 | $0 |
| Eric Cox | Director Trustee or director | 1 | $0 |
| Erica Brown | Director Trustee or director | 1 | $0 |
| Jean Johnson | Director Trustee or director | 1 | $0 |
| John Carter | Director Trustee or director | 1 | $0 |
| Jonathan Hayes | Director Trustee or director | 1 | $0 |
| Justin McLain | Director Trustee or director | 1 | $0 |
| Katherine Williams | Director Trustee or director | 1 | $0 |
| Laura Ricciardelli | Director Trustee or director | 1 | $0 |
| Laurie Minges | Director Trustee or director | 1 | $0 |
| Leslie Gambee | Director Trustee or director | 1 | $0 |
| Mark Buono | Director Trustee or director | 1 | $0 |
| Michelle Mangum | Director Trustee or director | 1 | $0 |
| Neil Draisin | Director Trustee or director | 1 | $0 |
| Nicholas Glover | Director Trustee or director | 1 | $0 |
| Richard Maclean | Director Trustee or director | 1 | $0 |
| Richard Salmons | Director Trustee or director | 1 | $0 |
| Robert Lukey | Director Trustee or director | 1 | $0 |
| Sabra Horne | Director Trustee or director | 1 | $0 |
| Stephen Kerrigan | Director Trustee or director | 1 | $0 |
| Stephen Osborne | Director Trustee or director | 1 | $0 |
| Todd Abedon | Director Trustee or director | 1 | $0 |
| William Haskin | Director Trustee or director | 1 | $0 |
| William Penney | Director Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 37 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Patrick Kelsey | Basketball Coach Highest-paid employee | 0 | $375,000 | $771,920 |
| Mr Andrew Hsu | President, CofC Key employee | 0 | $274,686 | $242,126 |
| Ms Suzanne Austin | Provost, CofC Key employee | 0 | $100,000 | $262,187 |
| Paul Schwager | Business School Dean Highest-paid employee | 0 | $30,000 | $275,838 |
| Dan Frezza | EVP-CofC Advancement, Foundation CEO Officer | 12 | $58,600 | $199,288 |
| Jimmie Foster | VP of Admissions Highest-paid employee | 0 | $0 | $146,053 |
| J R Barnhart | Foundation CFO/COO Officer | 32 | $0 | $126,431 |
| Mr Johnnie Baxley III | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Mr R Keith Sauls | Vice Chair Trustee or director, Officer | 1 | $0 | $0 |
| Mr Stephen Kerrigan | Chair Trustee or director, Officer | 1 | $0 | $0 |
| Ms Patricia Ory | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Bartina L Edwards Esq | Director Trustee or director | 1 | $0 | $0 |
| Dr Charles Mosteller | Director Trustee or director | 1 | $0 | $0 |
| Dr Mark Buono | Director Trustee or director | 1 | $0 | $0 |
| Dr Neil Draisin | Director Trustee or director | 1 | $0 | $0 |
| Mr Brady Quirk-Garvan | Director Trustee or director | 1 | $0 | $0 |
| Mr Craig Eney | Director Trustee or director | 1 | $0 | $0 |
| Mr Eric Cox | Director Trustee or director | 1 | $0 | $0 |
| Mr H Chapman McKay | Director Trustee or director | 1 | $0 | $0 |
| Mr John Carter Jr | Director Trustee or director | 1 | $0 | $0 |
| Mr Justin McLain | Director Trustee or director | 1 | $0 | $0 |
| Mr Nicholas Glover | Director Trustee or director | 1 | $0 | $0 |
| Mr Richard Salmons Jr | Director Trustee or director | 1 | $0 | $0 |
| Mr Stephen Ryan Morris | Director Trustee or director | 1 | $0 | $0 |
| Mr Steve Osborne | Director Trustee or director | 1 | $0 | $0 |
| Mr Tanner Crunelle | Director Trustee or director | 1 | $0 | $0 |
| Mr Todd Abedon | Director Trustee or director | 1 | $0 | $0 |
| Mr William Penney Jr | Director Trustee or director | 1 | $0 | $0 |
| Mrs Beth Meredith | Director Trustee or director | 1 | $0 | $0 |
| Mrs Jean Johnson | Director Trustee or director | 1 | $0 | $0 |
| Mrs Katherine Williams | Director Trustee or director | 1 | $0 | $0 |
| Mrs Leslie Gambee | Director Trustee or director | 1 | $0 | $0 |
| Ms Jamilla Richelle Harper | Director Trustee or director | 1 | $0 | $0 |
| Ms Laura Ricciardelli | Director Trustee or director | 1 | $0 | $0 |
| Ms Michelle Y Mangum | Director Trustee or director | 1 | $0 | $0 |
| Ms Sabra Horne | Director Trustee or director | 1 | $0 | $0 |
| Ms Sherrie Snipes-Williams | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 42 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| MR ANDREW HSU | PRESIDENT, COFC Key employee | 20 | $218,453 | $317,160 |
| DR ALAN SHAO | FORMER DEAN, SCHOOL OF BUSINESS - COFC Former | 20 | $30,900 | $381,238 |
| MS SUZANNE AUSTIN | PROVOST, COFC Key employee | 20 | $100,000 | $292,833 |
| MS CATHY MAHON | INTERIM EVP-COFC, EXC DIR OF FOUNDATION Officer | 10 | $12,500 | $175,397 |
| PAUL SCHWAGER | DEAN, SCHOOL OF BUSINESS - COFC Highest-paid employee | 20 | $25,000 | $153,033 |
| TODD ABEDON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHNNIE BAXLEY | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| PEGGY BOYKIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK BUONO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN CARTER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ELIZABETH COLBERT BUSCH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ERIC COX | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NEIL DRAISIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BARTINA EDWARDS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CRAIG ENEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GEORGE FRAGGOS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBERT FREEMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LESLIE GAMBEE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NICHOLAS GLOVER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KENNETH GUSTAFSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FLEETWOOD HASSELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AMY HEYEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THEODORE HOWIE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| REBA HUGE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEAN JOHNSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEPHEN KERRIGAN | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| NOAH LEASK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHELLE MANGUM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| H CHAPPY MCKAY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JUSTIN MCLAIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BETH MEREDITH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHARLES MOSTELLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LA GUARDIA MYERS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TRICIA ORY | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| RALLIS PAPPAS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LAURA RICCIARDELLI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| R KEITH SAULS | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| CATHERINE SMITH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHERRIE SNIPES-WILLIAMS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SAM STAFFORD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CYNTHIA THOMPSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KATHERINE WILLIAMS | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 66 GEORGE STREET, CHARLESTON, SC 29424-0001
- Mailing address (990-N for 2020)
- 1508 E BELTLINE RD STE 104, CARROLLTON TX 75006
- Principal officer (990 for 2024)
- J R Barnhart, 66 GEORGE STREET, CHARLESTON, SC 29424
- Signed the 990
- J R Barnhart, Foundation CFO / COO
- Phone
- (843) 953-3130
- Website
- GIVING.COFC.EDU/FOUNDATION
- Return prepared by
- Forvis Mazars LLP
Mission
The Mission of the College of Charleston Foundation is to promote programs of education, research, student development, and faculty development for the exclusive benefit of the College of Charleston.
Program accomplishments
- SEE SCHEDULE O FOR A COMPLETE DESCRIPTION OF OUR ACCOMPLISHMENTSExpenses $8,335,903 · grants $6,347,914
- SEE SCHEDULE O FOR A COMPLETE DESCRIPTION OF OUR ACCOMPLISHMENTSExpenses $5,223,472 · grants $356,326
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7069236
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Organization supporting a government college or university
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1971
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B114)
- Assets (IRS master file)
- $222,628,887
- Income (IRS master file)
- $40,368,240
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $23,221,545 | $21,163,314 | $222,628,887 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $21,228,162 | $15,040,272 | $204,281,779 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $13,203,026 | $14,605,720 | $176,644,406 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990-N for 2020 | June 30, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7069236).
Questions about COLLEGE OF CHARLESTON FOUNDATION
- What is the EIN of COLLEGE OF CHARLESTON FOUNDATION?
- The employer identification number (EIN) of COLLEGE OF CHARLESTON FOUNDATION is 23-7069236.
- Is COLLEGE OF CHARLESTON FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1971.
- Are donations to COLLEGE OF CHARLESTON FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COLLEGE OF CHARLESTON FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of COLLEGE OF CHARLESTON FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COLLEGE OF CHARLESTON FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of COLLEGE OF CHARLESTON FOUNDATION?
- The 990 for the year ended June 30, 2025 names J R Barnhart.
- Who are the officers and directors of COLLEGE OF CHARLESTON FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 43 people; 6 received compensation from the organization, the highest $373,106 (Chris Mack, Basketball Coach).
- How much revenue does COLLEGE OF CHARLESTON FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $23,221,545, expenses of $21,163,314 and total assets of $222,628,887 at year end.
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