Nonprofit · EIN 57-0736144
SOUTH CAROLINA RESEARCH AUTHORITY
Tax-exempt · COLUMBIA, SC 29201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2023 | 990 | $16,234,461 | $15,986,496 | $247,965 | $101,459,439 | $34,376,164 | $67,083,275 |
Financial details: 990 for the year ended June 30, 2023
Revenue
- Contributions, gifts and grants
- $8,610,137
- Program service revenue
- $1,177,472
- Investment income
- $952,026
- Net rental income
- $5,456,932
- Other revenue
- $5,494,826
Expenses
- Grants and similar amounts paid
- $3,632,961
- Compensation of officers, directors and key employees
- $2,268,158
- Other salaries and wages
- $2,324,959
- Salaries, compensation and benefits (total)
- $5,614,121
- Professional fundraising fees
- $0
- Legal fees
- $54,595
- Accounting fees
- $48,574
- Occupancy
- $2,381,309
- Travel
- $343,288
- Depreciation
- $2,663,308
- Program services (functional)
- $13,172,852
- Management and general (functional)
- $2,813,644
Balance sheet and other
- Total assets, start of year
- $104,791,332
- Total assets, end of year
- $101,459,439
- Total liabilities, end of year
- $34,376,164
- Net assets, end of year
- $67,083,275
- Land, buildings and equipment
- $32,226,039
- Publicly traded securities
- $39,303,439
- Gross receipts
- $16,234,461
- Employees
- 39
- Volunteers
- 24
- Year formed
- 1983
- 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, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROBERT QUINN | EXECUTIVE DIRECTOR Officer | 40 | $326,141 | $26,940 |
| COLE DUDLEY | DIRECTOR SC INDUSTRY SOLUTIONS Highest-paid employee | 40 | $214,080 | $25,136 |
| JOHN SIRCY | DIRECTOR OF FINANCE & ADMIN Officer | 35 | $191,757 | $30,997 |
| MATTHEW BELL | DIRECTOR SC LAUNCH Key employee | 20 | $196,411 | $25,261 |
| WILLIAM L MACILWINEN | SENIOR INVESTMENT MANAGER Highest-paid employee | 40 | $186,856 | $24,730 |
| RUSSELL COOK | DIR. SC ACADEMIC INNOVATIONS Key employee | 40 | $181,951 | $28,385 |
| JIM DOOLITTLE | DIRECTOR, SC EPSCOR Highest-paid employee | 40 | $182,451 | $25,234 |
| STEVE JOHNSON | SENIOR INVESTMENT MANAGER Highest-paid employee | 40 | $179,885 | $24,195 |
| DEREK WILLIS | SENIOR INVESTMENT MANAGER Highest-paid employee | 40 | $168,092 | $25,011 |
| RANDALL S CUTTS | DIRECTOR SC FACILITIES Key employee | 40 | $159,443 | $25,811 |
| DON HERRIOTT | CHAIRMAN Trustee or director, Officer | 1.5 | $0 | $0 |
| DR MICHAEL AMIRIDIS | TRUSTEE Trustee or director | 1.5 | $0 | $0 |
| DR L FRED CARTER | TRUSTEE Trustee or director | 1.5 | $0 | $0 |
| DR JAMES P CLEMENTS | TRUSTEE Trustee or director | 1.5 | $0 | $0 |
| DR DAVID COLE | TRUSTEE Trustee or director | 1.5 | $0 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALEXANDER CONYERS | TRUSTEE Trustee or director | 1.5 | $0 |
| DR LINDA DISTLERATH | TRUSTEE Trustee or director | 1.5 | $0 |
| REP JASON ELLIOTT | TRUSTEE Trustee or director | 1.5 | $0 |
| SENATOR LARRY GROOMS | TRUSTEE Trustee or director | 1.5 | $0 |
| JO WATSON HACKL | TRUSTEE Trustee or director | 1.5 | $0 |
| LOU KENNEDY | TRUSTEE Trustee or director | 1.5 | $0 |
| LAURA TERRY | DIRECTOR OF FINANCE & ADMIN Officer | 35 | $0 |
Address and contacts
- Address (IRS master file)
- 1000 CATAWBA ST STE 100, COLUMBIA, SC 29201-5706
- In care of
- % LAURA TERRY
- Principal officer (990 for 2022)
- LAURA TERRY, 1000 Catawba Street, Columbia, SC 29201
- Signed the 990
- LAURA TERRY, DIR. FINANCE & ADMIN
- Phone
- (803) 733-9069
- Website
- WWW.SCRA.ORG
- Return prepared by
- BDO USA
Mission
FUEL SOUTH CAROLINA'S INNOVATION ECONOMY BY ACCELERATING TECHNOLOGY ENABLED GROWTH IN RESEARCH, ACADEMIA, ENTREPRENEURSHIP AND INDUSTRY.
Program accomplishments
- TO ATTRACT HIGH TECHNOLOGY INDUSTRY BY DEVELOPING RESEARCH FACILITIES IN SOUTH CAROLINA. PROVIDE SUPPORT IN THE FORM OF GRANTS AND EXPERTISE TO RESEARCHERS AND ENTREPRENEURS IN TECHNOLOGY-BASED VENTURES TO FOSTER JOB CREATION AND ECONOMIC GROWTH IN THE STATE OF SC. APPROXIMATELY 83% OF SCRA EXPENSES FOR THE YEAR ENDED JUNE 30, 2023 WERE RELATED TO PROGRAM SERVICES.Expenses $13,172,852 · grants $3,632,961 · revenue $6,634,404
What it must file and when
IRS records say it files Not required (state instrumentality). 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 | Not on file |
| 2023 | June 30, 2024 | November 15, 2024 | Not on file |
IRS record
- EIN
- 57-0736144
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1987
- Accounting year ends
- June
- Files
- Not required (state instrumentality)
- Category (NTEE)
- Science and technology (U40)
- Assets (IRS master file)
- $101,459,439
- Income (IRS master file)
- $16,234,461
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2023 | $16,234,461 | $15,986,496 | $101,459,439 | XML |
| 990 | June 2022 | $17,524,075 | $15,394,736 | $104,791,332 | IRS |
| 990 | 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 57-0736144).
Questions about SOUTH CAROLINA RESEARCH AUTHORITY
- What is the EIN of SOUTH CAROLINA RESEARCH AUTHORITY?
- The employer identification number (EIN) of SOUTH CAROLINA RESEARCH AUTHORITY is 57-0736144.
- Is SOUTH CAROLINA RESEARCH AUTHORITY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1987.
- Are donations to SOUTH CAROLINA RESEARCH AUTHORITY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SOUTH CAROLINA RESEARCH AUTHORITY file?
- Form Not required (state instrumentality).
- When is the next return of SOUTH CAROLINA RESEARCH AUTHORITY 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 SOUTH CAROLINA RESEARCH AUTHORITY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2023.
- Who is the principal officer of SOUTH CAROLINA RESEARCH AUTHORITY?
- The 990 for the year ended June 30, 2023 names LAURA TERRY.
- Who are the officers and directors of SOUTH CAROLINA RESEARCH AUTHORITY?
- The 990 for the year ended June 30, 2023 lists 22 people; 10 received compensation from the organization, the highest $326,141 (ROBERT QUINN, EXECUTIVE DIRECTOR).
- How much revenue does SOUTH CAROLINA RESEARCH AUTHORITY have?
- On its 990 for the year ended June 30, 2023 it reported revenue of $16,234,461, expenses of $15,986,496 and total assets of $101,459,439 at year end.
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