Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 57-1021641

PRESBYTERIAN COLLEGE REAL ESTATE FOUNDATION

Tax-exempt · CLINTON, SC 29325

Financials

$3M$3.5M2022$2.4M$3.8M2023$2.5M$3.1M2024
Revenue Expenses · by fiscal year end
Financials of PRESBYTERIAN COLLEGE REAL ESTATE FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$2,479,200$3,139,195-$659,995$50,437,406$53,627,833-$3,190,427
June 30, 2024990$2,443,200$3,785,469-$1,342,269$52,489,985$55,024,221-$2,534,236
June 30, 2023990$3,018,484$3,491,821-$473,337$55,023,149$56,213,584-$1,190,435
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$36,000
Program service revenue
$2,443,200
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Depreciation
$2,114,916
Program services (functional)
$3,019,839
Management and general (functional)
$119,356

Balance sheet and other

Total assets, start of year
$52,489,985
Total assets, end of year
$50,437,406
Total liabilities, end of year
$53,627,833
Net assets, end of year
-$3,190,427
Land, buildings and equipment
$50,108,858
Net assets without donor restrictions
-$3,190,427
Gross receipts
$2,479,200
Employees
0
Volunteers
7
Year formed
1994
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.

NameTitleHours / weekCompensation
BRAD SPEARMANDIRECTOR
Trustee or director
0.5$0
STAN REIDDIRECTOR (PART YEAR)
Trustee or director
0.5$0
JOHN INMANDIRECTOR
Trustee or director
0.5$0
WES NALLEYDIRECTOR
Trustee or director
0.5$0
JOHN JESELNIKDIRECTOR
Trustee or director
0.5$0
HOLBROOK RAYNALDIRECTOR
Trustee or director
0.5$0
STEVE SMITHDIRECTOR
Trustee or director
0.5$0
990 for the year ended June 30, 2024: 7 people
NameTitleHours / weekCompensation
Brad SpearmanPresident
Trustee or director, Officer
0.5$0
Stan ReidSecretary/Treasurer, Chair
Trustee or director, Officer
0.5$0
Holbrook RaynalDirector
Trustee or director
0.5$0
Jill MoylanDirector (Part Year)
Trustee or director
0.5$0
John InmanDirector
Trustee or director
0.5$0
John JeselnikDirector
Trustee or director
0.5$0
Wes NalleyDirector
Trustee or director
0.5$0
990 for the year ended June 30, 2023: 8 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
MATTHEW VANDENBERGPRESIDENT
Officer
0.5$0$337,625$49,252
JEFFREY SCACCIAVP OF FINANCE & ADMINISTRATION
Officer
0.5$0$193,498$44,345
STAN REIDBOARD CHAIR
Trustee or director
0.5$0$0$0
JOHN INMANBOARD MEMBER (THRU 12/31/22)
Trustee or director
0.5$0$0$0
JOHN JESELNIKBOARD MEMBER
Trustee or director
0.5$0$0$0
JILL MOYLANBOARD MEMBER
Trustee or director
0.5$0$0$0
WES NALLEYBOARD MEMBER (THRU 12/31/22)
Trustee or director
0.5$0$0$0
BRAD SPEARMANBOARD MEMBER
Trustee or director
0.5$0$0$0

Address and contacts

Address (IRS master file)
503 S BROAD ST, CLINTON, SC 29325-2865
In care of
% ELIZABETH SHULL
Principal officer (990 for 2024)
STEVE SMITH, 503 S BROAD STREET, CLINTON, SC 29325
Signed the 990
ELIZABETH OSWALD-SEASE, VP OF FINANCE AND ADMIN.
Phone
(864) 833-8477
Return prepared by
CRI CAPIN CROUSE ADVISORS LLC

Mission

TO ASSIST THE COLLEGE IN ITS MODELED GROWTH BY ACQUIRING CERTAIN ASSETS AND OBLIGATIONS OF THE COLLEGE AND EXECUTING A CONSTRUCTION AND RENOVATION PLAN THE COLLEGE DEVELOPED FOR ITS PLANNED GROWTH.

990 for the year ended June 30, 2025

Program accomplishments

  • PRESBYTERIAN COLLEGE REAL ESTATE FOUNDATION EXISTS TO BENEFIT PRESBYTERIAN COLLEGE, WHICH PROVIDES A LIBERAL ARTS EDUCATION TO APPROXIMATELY 850 FULL-TIME EQUIVALENT UNDERGRADUATE STUDENTS AND 250 GRADUATE STUDENTS.
    Expenses $3,019,839 · revenue $2,443,200

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 yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
57-1021641
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
1995
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B42I)
Assets (IRS master file)
$50,437,406
Income (IRS master file)
$2,479,200

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$2,479,200$3,139,195$50,437,406IRS
990June 2024$2,443,200$3,785,469$52,489,985IRS
990June 2023$3,018,484$3,491,821$55,023,149XML
990June 2022$2,962,600$3,678,995$56,659,898IRS
990June 2021–––IRS
990June 2019–––IRS
990-EZJune 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 57-1021641).

Questions about PRESBYTERIAN COLLEGE REAL ESTATE FOUNDATION

What is the EIN of PRESBYTERIAN COLLEGE REAL ESTATE FOUNDATION?
The employer identification number (EIN) of PRESBYTERIAN COLLEGE REAL ESTATE FOUNDATION is 57-1021641.
Is PRESBYTERIAN COLLEGE REAL ESTATE FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
Are donations to PRESBYTERIAN COLLEGE REAL ESTATE FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
Which annual return does PRESBYTERIAN COLLEGE REAL ESTATE 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 PRESBYTERIAN COLLEGE REAL ESTATE 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 PRESBYTERIAN COLLEGE REAL ESTATE 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 PRESBYTERIAN COLLEGE REAL ESTATE FOUNDATION?
The 990 for the year ended June 30, 2025 names STEVE SMITH.
Who are the officers and directors of PRESBYTERIAN COLLEGE REAL ESTATE FOUNDATION?
The 990 for the year ended June 30, 2025 lists 7 people; 0 received compensation from the organization.
How much revenue does PRESBYTERIAN COLLEGE REAL ESTATE FOUNDATION have?
On its 990 for the year ended June 30, 2025 it reported revenue of $2,479,200, expenses of $3,139,195 and total assets of $50,437,406 at year end.

Other nonprofits in CLINTON

All nonprofits in CLINTON · South Carolina · Education