Nonprofit · EIN 57-0967350
SOUTH CAROLINA RESEARCH FOUNDATION
Tax-exempt · COLUMBIA, SC 29208
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $5,271,618 | $5,122,804 | $148,814 | $2,372,326 | $1,816,813 | $555,513 |
| June 30, 2024 | 990 | $5,859,527 | $5,788,391 | $71,136 | $2,871,569 | $2,464,870 | $406,699 |
| June 30, 2023 | 990 | $5,776,984 | $5,721,027 | $55,957 | $3,090,852 | $2,755,292 | $335,560 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $5,271,618
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $24,000
- Other salaries and wages
- $70,149
- Salaries, compensation and benefits (total)
- $94,149
- Professional fundraising fees
- $0
- Legal fees
- $7,483
- Accounting fees
- $25,315
- Program services (functional)
- $4,974,978
- Management and general (functional)
- $147,826
Balance sheet and other
- Total assets, start of year
- $2,871,569
- Total assets, end of year
- $2,372,326
- Total liabilities, end of year
- $1,816,813
- Net assets, end of year
- $555,513
- Net assets without donor restrictions
- $555,513
- Gross receipts
- $5,271,618
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1991
- 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 |
|---|---|---|---|---|---|
| Stephen Cutler | USC Dean, College of Pharmacy Trustee or director | 1 | $0 | $427,698 | $43 |
| Julius Fridriksson | USC VP for Research Trustee or director | 1 | $0 | $369,055 | $43 |
| Michael Amiridis | USC President, Ex Officio Trustee or director | 1 | $0 | $334,396 | $43 |
| Kelly Epting | CFO Officer | 5.6 | $0 | $241,488 | $43 |
| Kester Freeman | Board Chair, Exec Director Trustee or director, Officer | 1 | $24,000 | $0 | $0 |
| Alain Litman | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Ashley Teasdale | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Bhavna Vasudeva | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Brent Powers | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| David Black | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Dick Jones | USC Board of Trustee Member Trustee or director | 1 | $0 | $0 | $0 |
| Jason Caskey | Education Foundation President, nonvoting SCRF Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Julius Fridriksson | USC VP for Research, nonvoting SCRF Trustee or director | 1 | $0 | $463,235 | $29,700 |
| Stephen Cutler | USC Dean, College of Pharmacy Trustee or director | 1 | $0 | $457,762 | $29,700 |
| Michael Amiridis | USC President, nonvoting SCRF Trustee or director | 1 | $0 | $318,745 | $85,281 |
| WILLIAM KIRKLAND | EXECUTIVE DIRECTOR (THROUGH February 2024) Officer | 2 | $16,124 | $306,354 | $0 |
| Kelly Epting | CFO Key employee | 5.6 | $0 | $227,331 | $39,647 |
| Kester Freeman | Board Chair, Exec Director Trustee or director, Officer | 1 | $24,000 | $0 | $0 |
| Bhavna Vasudeva | Director Trustee or director | 1 | $0 | $0 | $0 |
| Bob Quinn | Director Trustee or director | 1 | $0 | $0 | $0 |
| Brenda Thames | Director Trustee or director | 1 | $0 | $0 | $0 |
| David Black | Director Trustee or director | 1 | $0 | $0 | $0 |
| Dick Jones | USC Board of Trustee Member Trustee or director | 1 | $0 | $0 | $0 |
| Jason Caskey | Education Foundation President Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 14 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CASKEY JASON | EDUCATION FOUNDATION PRESIDENT Trustee or director | 1 | $0 | $404,230 | $26,705 |
| FRIDRIKSSON JULIUS | USC VP FOR RESEARCH Trustee or director | 1 | $0 | $430,749 | $0 |
| AMIRIDIS MICHAEL | USC PRESIDENT, 7/1/2022 - 12/31/2022 Trustee or director | 1 | $0 | $428,422 | $0 |
| CUTLER STEPHEN | USC DEAN, COLLEGE OF PHARMACY Trustee or director | 1 | $0 | $389,496 | $0 |
| PASTIDES HARRIS | USC PRESIDENT, 1/1/2022 - 6/30/2022 Trustee or director | 1 | $0 | $352,019 | $0 |
| KIRKLAND WILLIAM | EXECUTIVE DIRECTOR Officer | 2 | $0 | $281,802 | $0 |
| HARDAWAY CHAD | DEPUTY DIRECTOR Trustee or director, Officer | 2 | $0 | $162,084 | $0 |
| EPTING KELLY | CFO Key employee | 5.6 | $0 | $158,453 | $0 |
| FREEMAN KESTER | BOARD CHAIR Trustee or director | 1 | $24,000 | $0 | $0 |
| BLACK DAVID | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JONES DICK | USC BOARD OF TRUSTEE MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| QUINN BOB | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| THAMES BRENDA | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| VASUDEVA BHAVNA | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 915 BULL ST OSBORNE ADMIN BLDG 202, COLUMBIA, SC 29208-0001
- In care of
- % KELLY EPTING CFO
- Principal officer (990 for 2024)
- Kelly Epting, 915 Bull St Osborne Admin Bldg 202, Columbia, SC 29208
- Signed the 990
- Kelly Epting, CFO
- Phone
- (803) 777-8411
- Return prepared by
- Forvis Mazars LLP
Mission
the south carolina research foundation operates for the benefit of, or to carry out the purposes of, the university of south carolina. These activities include but are not limited to promoting, encouraging, and aiding scientific research and investigation.
Program accomplishments
- During the fiscal year ended June 30, 2025, the South Carolina Research Foundation (SCRF) continued to operate in support of the University of South Carolina by administering research-related contracts, agreements, and affiliated program activities. Consistent with the continued maturation of the University's internal research administration and financial infrastructure, certain activities historically administered by SCRF are increasingly being performed directly by the University or through other affiliated University entities. SCRF's role during the year remained focused on supporting existing agreements, ensuring continuity of operations, and fulfilling contractual and fiduciary responsibilities associated with those activities. This transition reflects the evolving alignment of research administration functions within the University's organizational structure and does not impact SCRF's commitment to compliance, financial stewardship, and support of the University's research mission.Expenses $4,974,978 · revenue $5,271,618
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
- 57-0967350
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1993
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,372,326
- Income (IRS master file)
- $5,271,618
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $5,271,618 | $5,122,804 | $2,372,326 | IRS |
| 990 | June 2024 | $5,859,527 | $5,788,391 | $2,871,569 | IRS |
| 990 | June 2023 | $5,776,984 | $5,721,027 | $3,090,852 | XML |
| 990 | June 2022 | $5,813,160 | $5,737,321 | $3,435,168 | 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 57-0967350).
Questions about SOUTH CAROLINA RESEARCH FOUNDATION
- What is the EIN of SOUTH CAROLINA RESEARCH FOUNDATION?
- The employer identification number (EIN) of SOUTH CAROLINA RESEARCH FOUNDATION is 57-0967350.
- Is SOUTH CAROLINA RESEARCH FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to SOUTH CAROLINA RESEARCH FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does SOUTH CAROLINA RESEARCH 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 SOUTH CAROLINA RESEARCH 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 SOUTH CAROLINA RESEARCH 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 SOUTH CAROLINA RESEARCH FOUNDATION?
- The 990 for the year ended June 30, 2025 names Kelly Epting.
- Who are the officers and directors of SOUTH CAROLINA RESEARCH FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 12 people; 1 received compensation from the organization.
- How much revenue does SOUTH CAROLINA RESEARCH FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $5,271,618, expenses of $5,122,804 and total assets of $2,372,326 at year end.
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