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Nonprofit · EIN 23-7113930

SOUTH CAROLINA STATE UNIVERSITY FOUNDATION INC

Tax-exempt · ORANGEBURG, SC 29115

Financials

$5M$3.8M2023$8.3M$4.4M2024
Revenue Expenses · by fiscal year end
Financials of SOUTH CAROLINA STATE UNIVERSITY FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$8,339,017$4,358,619$3,980,398$22,712,380$464,530$22,247,850
December 31, 2023990$4,951,333$3,790,847$1,160,486$18,886,257$234,920$18,651,337
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$6,703,616
Program service revenue
$0
Investment income
$1,991,486
Net rental income
$57,535
Net gain from sales of assets
$1,415,678
Net income from fundraising events
-$413,620
Other revenue
-$356,085

Expenses

Grants and similar amounts paid
$842,272
Other salaries and wages
$245,698
Salaries, compensation and benefits (total)
$314,903
Professional fundraising fees
$0
Legal fees
$140,352
Accounting fees
$24,137
Occupancy
$39,642
Travel
$240,785
Program services (functional)
$2,810,116
Management and general (functional)
$849,339
Fundraising (functional)
$699,164

Balance sheet and other

Total assets, start of year
$18,886,257
Total assets, end of year
$22,712,380
Total liabilities, end of year
$464,530
Net assets, end of year
$22,247,850
Land, buildings and equipment
$23,700
Publicly traded securities
$14,704,499
Net assets without donor restrictions
$2,276,053
Net assets with donor restrictions
$19,971,797
Gross receipts
$9,584,700
Employees
5
Volunteers
9
Year formed
1971
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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
DONALD W BEATTYBOARD MEMBER
Trustee or director, Officer
2$0
STEPHEN V BEATTYCHAIRMAN
Trustee or director, Officer
2$0
VERNELL T BROWNTREASURER
Trustee or director, Officer
2$0
COL RET ALEXANDER CONYERSEX-OFFICIO D
Trustee or director
2$0
DAMIAN DUNCANBOARD MEMBER
Trustee or director, Officer
2$0
STACY STEWARD ESQBOARD MEMBER
Trustee or director, Officer
2$0
MYESHIA FILS-AIMEBOARD MEMBER
Trustee or director
2$0
DOUGLAS D GANTTEX-OFFICIO D
Trustee or director
2$0
JASMINE GURLEYBOARD MEMBER
Trustee or director, Officer
2$0
ETHELL VEREEN JRSECRETARY
Trustee or director, Officer
2$0
KENDARA SPEED-SELLERSBAORD MEMBER
Trustee or director, Officer
2$0
ZARIA CAMILLE TUCKEREX-OFFICIO D
Trustee or director
2$0
EDWARD D WILLIAMSEX-OFFICIO D
Trustee or director
2$0
YOLANDA WILLIAMSEX-OFFICIO D
Trustee or director
2$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensation
STEPHEN V BEATTYCHAIR & INTE
Officer
17.25$0
VERNELL T BROWNTREASURER
Trustee or director, Officer
3.32$0
EDWENA L CROWEVICE CHAIR
Trustee or director, Officer
2.35$0
ETHELL VEREEN JRSECRETARY
Trustee or director, Officer
2.12$0
EDWARD D WILLIAMSEX-OFFICIO D
Trustee or director
0.05$0
GEORGE K QUICKEX-OFFICIO D
Trustee or director
–$0
ALEXANDER CONYERSEX-OFFICIO D
Trustee or director
0.54$0
HENRY ALLENEX-OFFICIO D
Trustee or director
0.82$0
DOUGLAS D GANTTEX-OFFICIO D
Trustee or director
0.66$0
ZYAH CEPHUSEX-OFFICIO D
Trustee or director
–$0

Address and contacts

Address (IRS master file)
300 COLLEGE STREET NE, ORANGEBURG, SC 29115-4427
Principal officer (990 for 2024)
STEPHEN V BEATTY, 119 LEIGHNS GROVE COURT, GRAYSON, GA 30017
Signed the 990
STEPHEN V BEATTY, CHAIRMAN
Phone
(803) 516-4722
Return prepared by
THE CLEVELAND GROUP

Mission

TO FOSTER AND PROMOTE THE GROWTH OF SOUTH CAROLINA STATE UNIVERSITY BY RECEIVING, INVESTING, AND EXPENDING FUNDS FOR THE EXCLUSIVE BENEFIT OF THE UNIVERSITY.

990 for the year ended December 31, 2024

Program accomplishments

  • RECEIVE, INVEST, AND EXPEND FUNDS FOR THE EXCLUSIVE BENEFIT OF THE UNIVERSITY. DURING THE CURRENT YEAR, THE FOUNDATION MADE GRANTS TO THE UNIVERSITY SO THAT THE UNIVERSITY WAS ABLE TO PROVIDE SCHOLARSHIPS TO STUDENTS.
    Expenses $2,810,116 · grants $842,272

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
23-7113930
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1971
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$22,712,380
Income (IRS master file)
$9,584,700

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$8,339,017$4,358,619$22,712,380XML
990December 2023$4,951,333$3,790,847$18,886,257XML
990December 2022$5,272,218$3,452,026$16,297,661IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––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 23-7113930).

Questions about SOUTH CAROLINA STATE UNIVERSITY FOUNDATION INC

What is the EIN of SOUTH CAROLINA STATE UNIVERSITY FOUNDATION INC?
The employer identification number (EIN) of SOUTH CAROLINA STATE UNIVERSITY FOUNDATION INC is 23-7113930.
Is SOUTH CAROLINA STATE UNIVERSITY FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1971.
Are donations to SOUTH CAROLINA STATE UNIVERSITY FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does SOUTH CAROLINA STATE UNIVERSITY FOUNDATION INC 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 SOUTH CAROLINA STATE UNIVERSITY FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did SOUTH CAROLINA STATE UNIVERSITY FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of SOUTH CAROLINA STATE UNIVERSITY FOUNDATION INC?
The 990 for the year ended December 31, 2024 names STEPHEN V BEATTY.
Who are the officers and directors of SOUTH CAROLINA STATE UNIVERSITY FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 14 people; 0 received compensation from the organization.
How much revenue does SOUTH CAROLINA STATE UNIVERSITY FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $8,339,017, expenses of $4,358,619 and total assets of $22,712,380 at year end.

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