Nonprofit · EIN 23-7432174
FRANCIS MARION UNIVERSITY EDUCATION FOUNDATION
Tax-exempt · FLORENCE, SC 29502
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $4,126,431 | $3,921,227 | $205,204 | $61,997,523 | $487,524 | $61,509,999 |
| December 31, 2024 | 990 | $4,783,857 | $3,573,822 | $1,210,035 | $57,914,234 | $495,777 | $57,418,457 |
| December 31, 2023 | 990 | $6,795,846 | $3,368,724 | $3,427,122 | $52,469,376 | $993,706 | $51,475,670 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,866,043
- Program service revenue
- $299,506
- Investment income
- $1,795,341
- Net rental income
- $130,390
- Net gain from sales of assets
- $471,480
- Other revenue
- $165,541
Expenses
- Grants and similar amounts paid
- $1,997,439
- Compensation of officers, directors and key employees
- $660,000
- Other salaries and wages
- $198,120
- Salaries, compensation and benefits (total)
- $858,120
- Professional fundraising fees
- $0
- Accounting fees
- $68,290
- Travel
- $86,499
- Depreciation
- $84,447
- Program services (functional)
- $3,086,710
- Management and general (functional)
- $655,249
- Fundraising (functional)
- $179,268
Balance sheet and other
- Total assets, start of year
- $57,914,234
- Total assets, end of year
- $61,997,523
- Total liabilities, end of year
- $487,524
- Net assets, end of year
- $61,509,999
- Land, buildings and equipment
- $3,287,763
- Publicly traded securities
- $47,728,164
- Net assets without donor restrictions
- $4,819,514
- Net assets with donor restrictions
- $56,690,485
- Gross unrelated business income
- $1
- Gross receipts
- $17,995,976
- Employees
- 1
- Volunteers
- 25
- Year formed
- 1974
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DR LUTHER F CARTER | PRESIDENT Key employee | 40 | $660,000 | $307,386 | $14,400 |
| MRS LAUREN STANTON | EXECUTIVE DI Officer | – | $0 | $135,591 | $12,000 |
| MRS TERESA C ANDERSON | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MR ROBERT J CAMPBELL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MR PERRY GRICE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MR JEFF HELTON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MR CARL HUMPHRIES | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MR PAUL SEWARD | SECRETARY/TR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MR ROBBY SISCO | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MR E HOOD TEMPLE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MR KEVIN M BARTH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MR LINWARD EDWARDS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MR PAUL REARDON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MRS YVONNE DAVIS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MR DANIEL DUKES | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MS FRAN GRAY | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 16 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DR LUTHER F CARTER | PRESIDENT Key employee | 40 | $610,000 | $275,839 | $14,400 |
| MRS LAUREN STANTON | EXECUTIVE DI Officer | 0 | $0 | $133,485 | $12,000 |
| MRS TERESA C ANDERSON | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MR ROBERT J CAMPBELL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MR PERRY GRICE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MR JEFF HELTON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MR CARL HUMPHRIES | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MR PAUL SEWARD | SECRETARY/TR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MR ROBBY SISCO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MR E HOOD TEMPLE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MR KEVIN M BARTH | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MR LINWARD EDWARDS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MR PAUL REARDON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MRS YVONNE DAVIS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MR DANIEL DUKES | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MS FRAN GRAY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DR LUTHER F CARTER | PRESIDENT Key employee | 40 | $560,000 | $258,397 | $14,400 |
| MRS LAUREN STANTON | EXECUTIVE DI Officer | – | $0 | $127,150 | $12,000 |
| MR TIMOTHY F NORWOOD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MR JAMES A HARRELL | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MRS TERESA C ANDERSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MS BETH BAUKNIGHT | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MR ROBERT J CAMPBELL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MR PERRY GRICE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MR JEFF HELTON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MS KATHY HEUSTESS | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MR CARL HUMPHRIES | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MR HUBBARD W MCDONALD JR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DR WILLIAM NASO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MR PAUL SEWARD | SECRETARY/TR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MR ROBBY SISCO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MR J BRENT TILLER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MR E HOOD TEMPLE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MR KEVIN M BARTH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 100547, FLORENCE, SC 29502-0547
- In care of
- % MRS LIBBY COOPER
- Principal officer (990 for 2025)
- MRS LAUREN STANTON, POST OFFICE BOX 100547, FLORENCE, SC 29502
- Signed the 990
- MRS LAUREN STANTON, EXECUTIVE DIRECTOR
- Phone
- (843) 661-1295
- Website
- WWW.FMARION.EDU
- Return prepared by
- THE BRITTINGHAM GROUP LLP
Mission
TO PROMOTE THE EDUCATIONAL FUNCTION OF FRANCIS MARION UNIVERSITY BY GRANTS, AWARDS, LECTURES, FEE AND TUITION ASSISTANCE FOR STUDENTS AND PROFESSORS.
Program accomplishments
- AWARDS TO FRANCIS MARION UNIVERSITY STUDENTS TO ASSIST WITH FEES AND TUITION, AND TO PROFESSORS TO ASSIST IN RESEARCH AND TO RECOGNIZE SCHOLARSHIP.Expenses $1,744,737 · grants $1,744,737
- GRANTS, AWARDS, LECTURES, RETREATS AND COMPETITIONS FUNDED THAT IMPACTED ENTIRE STUDENT BODY AND GENERAL PUBLIC.Expenses $252,702 · grants $252,702
- OTHER ASSISTANCE TO FRANCIS MARION UNIVERSITYExpenses $1,089,271
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7432174
- 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
- 1975
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B43I)
- Assets (IRS master file)
- $61,997,523
- Income (IRS master file)
- $17,995,976
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $4,126,431 | $3,921,227 | $61,997,523 | IRS |
| 990-T | December 2025 | – | – | – | IRS |
| 990 | December 2024 | $4,783,857 | $3,573,822 | $57,914,234 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $6,795,846 | $3,368,724 | $52,469,376 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $10,642,837 | $2,764,825 | $44,605,407 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 23-7432174).
Questions about FRANCIS MARION UNIVERSITY EDUCATION FOUNDATION
- What is the EIN of FRANCIS MARION UNIVERSITY EDUCATION FOUNDATION?
- The employer identification number (EIN) of FRANCIS MARION UNIVERSITY EDUCATION FOUNDATION is 23-7432174.
- Is FRANCIS MARION UNIVERSITY EDUCATION FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1975.
- Are donations to FRANCIS MARION UNIVERSITY EDUCATION FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FRANCIS MARION UNIVERSITY EDUCATION 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 FRANCIS MARION UNIVERSITY EDUCATION FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FRANCIS MARION UNIVERSITY EDUCATION FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of FRANCIS MARION UNIVERSITY EDUCATION FOUNDATION?
- The 990 for the year ended December 31, 2025 names MRS LAUREN STANTON.
- Who are the officers and directors of FRANCIS MARION UNIVERSITY EDUCATION FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 16 people; 1 received compensation from the organization, the highest $660,000 (DR LUTHER F CARTER, PRESIDENT).
- How much revenue does FRANCIS MARION UNIVERSITY EDUCATION FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $4,126,431, expenses of $3,921,227 and total assets of $61,997,523 at year end.
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