Nonprofit · EIN 45-4165030
USC COLUMBIA TECHNOLOGY INCUBATOR
Tax-exempt · COLUMBIA, SC 29201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $946,846 | $1,037,293 | -$90,447 | $340,947 | $100,969 | $239,978 |
| December 31, 2022 | 990 | $921,702 | $1,128,585 | -$206,883 | $573,025 | $215,941 | $357,084 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $700,200
- of which government grants
- $440,200
- Program service revenue
- $390,140
- Investment income
- $7
- Net rental income
- -$143,501
- Other revenue
- -$143,501
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $158,070
- Salaries, compensation and benefits (total)
- $158,070
- Professional fundraising fees
- $0
- Accounting fees
- $60,026
- Program services (functional)
- $913,193
- Management and general (functional)
- $124,100
Balance sheet and other
- Total assets, start of year
- $517,722
- Total assets, end of year
- $340,947
- Total liabilities, end of year
- $100,969
- Net assets, end of year
- $239,978
- Net assets without donor restrictions
- $239,978
- Gross receipts
- $1,428,149
- Employees
- 2
- Volunteers
- 25
- Year formed
- 2011
- 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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Rick Finch | Executive Director Officer | 20 | $150,000 |
| Timothy Davis | Chairman, Treasurer Trustee or director | 10 | $0 |
| Dr Dirk Brown | Vice Chairman Trustee or director | 1 | $0 |
| David Zalesne | Secretary Trustee or director | 1 | $0 |
| Ryan Coleman | Board of Directors Trustee or director | 1 | $0 |
| Jeff Ruble | Board of Directors Trustee or director | 1 | $0 |
| Pete Strom | Board of Directors Trustee or director | 1 | $0 |
| Chuck Whipple | Board of Directors Trustee or director | 1 | $0 |
| Susan Edwards Strom | Board of Directors Trustee or director | 1 | $0 |
| Daniel Rickenmann | Board of Directors Trustee or director | 1 | $0 |
| Lee MacIlwinen | Board of Directors Trustee or director | 1 | $0 |
| Garrett Dragano | Board of Directors Trustee or director | 1 | $0 |
| John F Denise | Board of Directors Trustee or director | 1 | $0 |
990 for the year ended December 31, 2022: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Wm Kirkland | Chairman Trustee or director, Officer | 4 | $0 |
| John F Denise | Treasurer Trustee or director, Officer | 1 | $0 |
| Dr Dirk Brown | Board of Directors Trustee or director | 1 | $0 |
| David Zalesne | Board of Directors Trustee or director | 1 | $0 |
| Ryan Coleman | Board of Directors Trustee or director | 1 | $0 |
| Jeff Ruble | Board of Directors Trustee or director | 1 | $0 |
| Ravi Ravindra | Board of Directors Trustee or director | 1 | $0 |
| Pete Strom | Board of Directors Trustee or director | 1 | $0 |
| Chuck Whipple | Board of Directors Trustee or director | 1 | $0 |
| Susan Edwards Strom | Board of Directors Trustee or director | 1 | $0 |
| Daniel Rickenmann | Board of Directors Trustee or director | 1 | $0 |
| Lee MacIlwinen | Board of Directors Trustee or director | 1 | $0 |
| Timothy Davis | Board of Directors Trustee or director | 1 | $0 |
| Sarah Johnson | Board of Directors Trustee or director | 1 | $0 |
| Chad Hardaway | Executive Director Officer | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 1225 LAUREL STREET, COLUMBIA, SC 29201-5818
- In care of
- % LAURA CORDER
- Principal officer (990 for 2024)
- Tim Davis, 1225 Laurel Street, Columbia, SC 292015820
- Signed the 990
- Tim Davis, Treasurer
- Phone
- (803) 931-2544
- Return prepared by
- Randall L Raber CPA PA
Mission
This organization is formed exclusively for educational and scientific purposes and to increase economic development in the Midlands Region of South Carolina.
Program accomplishments
- Provide customized coaching, mentoring, informational seminars, strategic reviews, and intellectual property assessments. Handle urgent company business needs by arranging immediate access to a team of respected local, regional and national mentors and experts. Revenue includes government grants and other revenues that are all related to the program, but excludes rent as noted in b below.Expenses $913,193 · grants $450,200 · revenue $1,090,340
- Occupancy rental income and expenses for organizations participating in the incubator program Income 337,802 Expenses 481,303revenue $337,802
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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | Check at the IRS |
IRS record
- EIN
- 45-4165030
- 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
- 2012
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $340,947
- Income (IRS master file)
- $1,428,149
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $946,846 | $1,037,293 | $340,947 | IRS |
| 990 | December 2022 | $921,702 | $1,128,585 | $573,025 | XML |
| 990 | December 2021 | – | – | – | 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 45-4165030).
Questions about USC COLUMBIA TECHNOLOGY INCUBATOR
- What is the EIN of USC COLUMBIA TECHNOLOGY INCUBATOR?
- The employer identification number (EIN) of USC COLUMBIA TECHNOLOGY INCUBATOR is 45-4165030.
- Is USC COLUMBIA TECHNOLOGY INCUBATOR tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to USC COLUMBIA TECHNOLOGY INCUBATOR tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does USC COLUMBIA TECHNOLOGY INCUBATOR 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 USC COLUMBIA TECHNOLOGY INCUBATOR 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 USC COLUMBIA TECHNOLOGY INCUBATOR 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 USC COLUMBIA TECHNOLOGY INCUBATOR?
- The 990 for the year ended December 31, 2024 names Tim Davis.
- Who are the officers and directors of USC COLUMBIA TECHNOLOGY INCUBATOR?
- The 990 for the year ended December 31, 2024 lists 13 people; 1 received compensation from the organization, the highest $150,000 (Rick Finch, Executive Director).
- How much revenue does USC COLUMBIA TECHNOLOGY INCUBATOR have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $946,846, expenses of $1,037,293 and total assets of $340,947 at year end.
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All nonprofits in COLUMBIA · South Carolina · Community improvement and capacity building