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

Nonprofit · EIN 57-1061363

FURMAN UNIVERSITY FOUNDATION INC

Tax-exempt · GREENVILLE, SC 29613

Financials

$1.8M$453K2022$1.7M$372K2023$1.8M$343K2024
Revenue Expenses · by fiscal year end
Financials of FURMAN UNIVERSITY FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$1,764,155$343,230$1,420,925$22,895,168$2,300,520$20,594,648
June 30, 2024990$1,749,875$371,805$1,378,070$21,575,884$2,682,453$18,893,431
June 30, 2023990$1,751,716$452,829$1,298,887$20,158,550$2,640,346$17,518,204
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$1,749,875
Investment income
$0
Other revenue
$14,280

Expenses

Grants and similar amounts paid
$338,610
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Depreciation
$2,623
Program services (functional)
$341,233
Management and general (functional)
$1,997

Balance sheet and other

Total assets, start of year
$21,575,884
Total assets, end of year
$22,895,168
Total liabilities, end of year
$2,300,520
Net assets, end of year
$20,594,648
Land, buildings and equipment
$1,767,644
Net assets without donor restrictions
$18,676,509
Net assets with donor restrictions
$1,918,139
Gross receipts
$1,764,155
Employees
0
Volunteers
9
Year formed
1997
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 / weekCompensationFrom related orgsOther / benefits
SUSAN MADDUXSECRETARY/TREASURER
Trustee or director, Officer
2$0$415,651$52,264
LINDSAY SMITHPRESIDENT
Trustee or director, Officer
2$0$0$0
STEWART SPINKSVICE PRESIDENT
Trustee or director, Officer
1$0$0$0
PAUL AIESITRUSTEE (FROM 08/24)
Trustee or director
1$0$0$0
JENNIFER CALABRIATRUSTEE (FROM 08/24)
Trustee or director
1$0$0$0
EARLE FURMANTRUSTEE
Trustee or director
1$0$0$0
SEAN HARTNESSTRUSTEE
Trustee or director
1$0$0$0
DREW PARKERTRUSTEE (FROM 08/24)
Trustee or director
1$0$0$0
WILLIAM R TIMMONS IIITRUSTEE
Trustee or director
1$0$0$0
RICHARD W WRENNTRUSTEE
Trustee or director
1$0$0$0
990 for the year ended June 30, 2024: 7 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
SUSAN MADDUXSECRETARY/TREASURER
Trustee or director, Officer
2$0$406,909$47,010
LINDSAY SMITHPRESIDENT
Trustee or director, Officer
2$0$0$0
STEWART SPINKSVICE PRESIDENT
Trustee or director, Officer
1$0$0$0
EARLE FURMANTRUSTEE
Trustee or director
1$0$0$0
SEAN HARTNESSTRUSTEE
Trustee or director
1$0$0$0
WILLIAM R TIMMONS IIITRUSTEE
Trustee or director
1$0$0$0
RICHARD W WRENNTRUSTEE
Trustee or director
1$0$0$0
990 for the year ended June 30, 2023: 7 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
SUSAN MADDUXSECRETARY/TREASURER
Trustee or director, Officer
2$0$350,377$42,914
W LINDSAY SMITHPRESIDENT
Trustee or director, Officer
2$0$0$0
L STEWART SPINKSVICE PRESIDENT
Trustee or director, Officer
1$0$0$0
J EARLE FURMAN JRTRUSTEE
Trustee or director
1$0$0$0
SEAN HARTNESSTRUSTEE
Trustee or director
1$0$0$0
WILLIAM R TIMMONS IIITRUSTEE
Trustee or director
1$0$0$0
RICHARD W WRENNTRUSTEE
Trustee or director
1$0$0$0

Address and contacts

Address (IRS master file)
3300 POINSETT HWY, GREENVILLE, SC 29613-0002
In care of
% AMY BARNHILL
Principal officer (990 for 2024)
SUSAN MADDUX, 3300 POINSETT HIGHWAY, GREENVILLE, SC 29613
Signed the 990
SUSAN MADDUX, SECRETARY/TREASURER
Phone
(864) 294-3496
Return prepared by
CLIFTONLARSONALLEN LLP

Mission

TO OPERATE AS A NONPROFIT PUBLIC BENEFIT CORPORATION TO SERVE THE NEEDS AND INTERESTS OF FURMAN UNIVERSITY, AN EDUCATIONAL ORGANIZATION.

990 for the year ended June 30, 2025

Program accomplishments

  • THE FOUNDATION OWNS PROPERTY FOR THE BENEFIT OF FURMAN UNIVERSITY THAT IS LEASED TO A THIRD PARTY. CASH RECEIVED UNDER THE LEASE AGREEMENT IS GRANTED TO FURMAN UNIVERSITY.
    Expenses $338,610 · grants $338,610 · revenue $1,749,875
  • THE FOUNDATION HOLDS AND MAINTAINS REAL ESTATE THAT IS CONTIGUOUS TO THE FURMAN UNIVERSITY CAMPUS.
    Expenses $2,623

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
57-1061363
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization, Type III functionally integrated
Donations deductible (Pub 78)
Supporting organization, 50% limit
Exempt since
2016
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B99)
Assets (IRS master file)
$22,895,168
Income (IRS master file)
$1,764,155

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$1,764,155$343,230$22,895,168IRS
990June 2024$1,749,875$371,805$21,575,884IRS
990June 2023$1,751,716$452,829$20,158,550XML
990June 2022$1,749,880$599,576$18,731,685IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 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 57-1061363).

Questions about FURMAN UNIVERSITY FOUNDATION INC

What is the EIN of FURMAN UNIVERSITY FOUNDATION INC?
The employer identification number (EIN) of FURMAN UNIVERSITY FOUNDATION INC is 57-1061363.
Is FURMAN UNIVERSITY FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
Are donations to FURMAN UNIVERSITY FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
Which annual return does FURMAN UNIVERSITY FOUNDATION INC 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 FURMAN UNIVERSITY FOUNDATION INC 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 FURMAN UNIVERSITY FOUNDATION INC 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 FURMAN UNIVERSITY FOUNDATION INC?
The 990 for the year ended June 30, 2025 names SUSAN MADDUX.
Who are the officers and directors of FURMAN UNIVERSITY FOUNDATION INC?
The 990 for the year ended June 30, 2025 lists 10 people; 0 received compensation from the organization.
How much revenue does FURMAN UNIVERSITY FOUNDATION INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $1,764,155, expenses of $343,230 and total assets of $22,895,168 at year end.

Other nonprofits in GREENVILLE

All nonprofits in GREENVILLE · South Carolina · Education