2023-11-15T14:34:38-06:00 2023-06-30 570381582 ELLIOTT DAVIS LLCPLLC 500 EAST MOREHEAD STREET SUITE 700 CHARLOTTE NC 28202 990 2022-07-01 570881347 SOUTH CAROLINA GOVERNORS SCHOOL FOR SCIENCE & MATHEMATICS FOUNDATION INC SOUT 8032529152 2711 MIDDLEBURG DRIVE 205 COLUMBIA SC 29204 MARY M GENTRY TREASURER 8032529152 2023-11-15 1 MARY GENTRY 999009999 0 JANICE A RATICA P00358837 7043338881 2023-11-15 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z MARY M GENTRY 2711 MIDDLEBURG DRIVE 205 COLUMBIA SC 29204 1578188 0 X WWW.SCGSSM.ORG/SUPPORT/GSSM-FOUNDATION-BOARD X 1990 SC THE FOUNDATION ADVOCATES FOR THE SOUTH CAROLINA GOVERNOR'S SCHOOL OF SCIENCE & MATHEMATICS AND PROVIDES FUNDS AND SUPPORT TO ENHANCE ITS PROGRAMS AND EDUCATIONAL ENDEAVORS. 35 35 6 35 0 0 956285 985921 0 0 309145 369072 80754 -98949 1346184 1256044 0 0 0 0 448245 501954 0 0 208559 809913 840535 1258158 1342489 88026 -86445 13026795 13970033 79882 143291 12946913 13826742 X THE FOUNDATION SUPPORTS THE SC SCHOOL FOR SCIENCE & MATHEMATICS BY GIVING VOICE TO ITS NEEDS, PROVIDING SUPPLEMENTAL FUNDS TO AUGMENT ITS PROGRAMS, AND INFORMING THE PUBLIC OF ITS ACCOMPLISHMENTS AND CONTRIBUTIONS TO THE QUALITY OF LIFE AND ECONOMIC PROSPERITY OF SOUTH CAROLINA. 0 0 613015 73 THESE EXPENSES INCLUDE MANY OF THE PROGRAMS THAT THE FOUNDATION FUNDS ON BEHALF OF GSSM INCLUDING: FINANCIAL AID FOR MEAL PLANS AND OTHER STUDENT ASSISTANCE, WHICH CAN INCLUDE APPLICATION FEES, COLLEGE VISITS, TEST FEES THAT STUDENT MAY INCUR BUT WHO FINANCIALLY MAY NOT BE ABLE TO AFFORD AND STUDENT COUNCIL PROJECTS. WE ALSO SUPPORT THE STUDENTS IN THEIR ACADEMICS CLUBS AND COMPETITIONS WITH FUNDS FOR EQUIPMENT, TRAVEL, LODGING AND FOOD, ACCELERATE, GSSM'S STATEWIDE VIRTUAL ENGINEERING PROGRAM, ECONOMICS & FINANCE INSTITUTE, PASE, STATEWIDE TEACHER TRAINING, AND ENGAGE, A LOCAL MIDDLE SCHOOL AFTERSCHOOL TECHNOLOGY PROGRAM LEAD BY THE STUDENTS AT GSSM. GSSM ELEMENTARY BRINGS STEM EDUCATION TO ELEMENTARY SCHOOLS VIA THE STEM BUS, A HANDS ON EXPERIENCE OF ALL THINGS STEM FOR STUDENTS IN UNDERSERVED AREAS OF SOUTH CAROLINA. THESE EXPENSES ALSO INCLUDE AN ALLOCATION OF THE FOUNDATION SALARY EXPENSE REPRESENTING THE WORK THE FOUNDATION STAFF DOES ON THESE PROGRAMS. 100646 STUDENT RESEARCH & UNIQUE CLASSROOM OPPORTUNITIES: GSSM STUDENTS WILL BE ABLE TO ENGAGE IN AUTHENTIC RESEARCH PROJECTS TO TEST GROWTH PARAMETERS (E.G., LIGHT, NUTRIENTS, PH, ETC.), MICROBIAL DIVERSITY, AUTOMATION, GROWTH TOWER ENGINEERING, AND METHODS TO REDUCE PATHOGEN LOADS AMONG MANY POTENTIAL PROJECTS. ABOVE-AP BOTANY CAN INVESTIGATE THE IMPACTS OF VARYING DAY/NIGHT CYCLES, NUTRIENT SOURCES, AND PH ON PLANT GROWTH AND DEVELOPMENT ON A TIMELINE THAT IS MORE CONDUCIVE TO ACADEMIC SCHEDULES THAN TRADITIONAL AGRICULTURAL METHODS. THIS SYSTEM WOULD BE A HANDS-ON TEACHING TOOL FOR OBSERVING PLANT GROWTH AND MANAGING MACRO- AND MICRO-NUTRIENT BALANCES. STUDENTS COULD ALSO COMPARE SOIL-GROWN PLANTS TO THOSE GROWN HYDROPONICALLY. AP ENVIRONMENTAL SCIENCE CAN USE THE HYDROPONICS SYSTEM AS A MODEL TO STUDY WATER-USE, NUTRIENT-USE, AND WATER QUALITY. DIRECT INTERACTION WITH THE HYDROPONICS SYSTEM COULD MOTIVATE STUDENT INVESTIGATIONS OF THE POTENTIAL OF HYDROPONICS SYSTEMS TO REDUCE FOOD TRANSPORTATION DISTANCES, TRADEOFFS IN SUSTAINABILITY BETWEEN AGRICULTURAL METHODS, AND THE POTENTIAL FOR URBAN HYDROPONIC FARMS TO BRING FOOD CLOSER TO HIGH-DENSITY POPULATIONS. 713661 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 6 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 35 35 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 SC X X STACY MCCLOGHRY 8032529152 2711 MIDDLEBURG DRIVE 205 COLUMBIA SC 29204 ANDREW ETKIND MEMBER 1.00 X 0 0 0 ASHLEY DAUGHERTY MEMBER 1.00 X 0 0 0 BECKY ASKINS MEMBER 1.00 X 0 0 0 BRAD ALEXANDER MEMBER 1.00 X 0 0 0 BRIAN BURKHART MEMBER 1.00 X 0 0 0 BRIAN FAST MEMBER 1.00 X 0 0 0 DANNY DORSEL MEMBER 1.00 X 0 0 0 DEBORAH D LOCKLAIR MEMBER 1.00 X 0 0 0 DOUGLAS KIM MEMBER 1.00 X 0 0 0 JAMES A GERGEN MEMBER 1.00 X 0 0 0 JAMES P ROURKE MEMBER 1.00 X 0 0 0 JANE CAMPBELL MEMBER 1.00 X 0 0 0 JASON HONG MEMBER 1.00 X 0 0 0 JOSEPH A CIGNARALE MEMBER 1.00 X 0 0 0 JUN XU MEMBER 1.00 X 0 0 0 KAREN M SMITH MEMBER 1.00 X 0 0 0 MARK GIULIANI MEMBER 1.00 X 0 0 0 MARY GENTRY MEMBER 1.00 X 0 0 0 MARY MORTON BELL MEMBER 1.00 X 0 0 0 MICHELE PRIDGEN MEMBER 1.00 X 0 0 0 ROBERT J BROWN MEMBER 1.00 X 0 0 0 SARAH P SPRUILL MEMBER 1.00 X 0 0 0 SUZANA CIZMIC MEMBER 1.00 X 0 0 0 TANUJA GARDE MEMBER 1.00 X 0 0 0 THOMAS D BURNS MEMBER 1.00 X 0 0 0 WILSON WHITE MEMBER 1.00 X 0 0 0 NICOLE FLIPPIN MEMBER 1.00 X 0 0 0 W ANTHONY JACKSON MEMBER 1.00 X 0 0 0 DOUGLAS SHANNON MEMBER 1.00 X 0 0 0 ANN F TRAPP MEMBER 1.00 X 0 0 0 BRIGID V TROAN MEMBER 1.00 X 0 0 0 MARCI TUTEN MEMBER 1.00 X 0 0 0 CONNIE CAIN PAST PRESIDENT 1.00 X X 0 0 0 HEATHER SRULEVICH PRESIDENT 1.00 X X 0 0 0 PATRICK J CLEARY SECRETARY 1.00 X X 0 0 0 CHRISTOPHER MADDEN TREASURER 1.00 X X 0 0 0 MICHAEL M SHETTERLY VICE PRESIDENT 1.00 X X 0 0 0 ELIZABETH DINNDORF EXECUTIVE DIRECTOR 37.50 X 170214 0 6245 170214 0 6245 1 0 1 0 0 180425 805496 985921 292250 292250 283239 3050 209467 0 73772 3050 76822 76822 13655 180425 112677 -99022 -99022 MISCELLANEOUS INCOME 611710 73 73 73 1256044 73 0 270050 185323 18013 125366 41944 231448 22496 156569 52383 11222 834 7826 2562 44345 3297 30924 10124 29616 2202 20653 6761 30239 30239 34154 32590 1564 20248 5358 14890 23966 839 3862 19265 15295 459 14836 23114 2312 15486 5316 30519 3052 10987 16480 6692 669 2409 3614 4061 187 3463 411 PROGRAM EXPENSES 622234 622234 BANK CHARGES 8326 332 7994 BAD DEBT 2400 2400 19287 1929 6943 10415 1342489 713661 420269 208559 899516 480243 186884 304002 92012 68792 11645 2376 4550 13883 12059 34755 1824 11610929 12798870 188678 311752 13026795 13970033 39108 51037 40774 0 92254 79882 143291 X 465639 309430 12481274 13517312 12946913 13826742 13026795 13970033 -86445 966274 0 X X 0 1 X 1 0 X 860847 617895 819925 956285 806221 4061173 860847 617895 819925 956285 806221 4061173 271906 3789267 308022 281469 240456 286968 292250 1409165 665 563 3066 1420 73 5787 5476125 0.69200 0.64340 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12089407 154601 1321015 313335 13251688 14121742 31190 -1976565 86960 12089407 11481574 43268 3104051 507151 14121742 11289729 906 649932 458993 11481574 11275591 2500 561768 550130 11289729 0.00000 0.21000 0.79000 0 0 1044 1044 0 12839 11015 1824 1824 EQUITY SECURITIES 12798870 F 12798870 LEASE LIABILITY 92254 92254 X 2304755 966274 112676 1078950 1225805 30239 30239 1256044 1424926 112676 112676 1312250 30239 30239 1342489 PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUBSTANTIATED UPON EXAMINATION BY THE IRS. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION, AND HAS CONCLUDED THAT AS OF JUNE 30, 2022, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE NETTED AGAINST FUNDRAISING REVENUE 112,676. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE NETTED AGAINST FUNDRAISING REVENUE 112,676. TOWNES AWARD 145560 143075 2485 22059 40350 13890 AROUND THE WORLD 48520 37350 11170 17801 13902 4675 194080 180425 13655 39860 54252 13890 4675 112677 -99022 X 0 0 0 0 0 0 0 0 0 ELIZABETH DINNDORF EXECUTIVE DIRECTOR 170214 0 0 0 0 0 5106 0 1139 0 176459 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT IS REVIEWED BY THE TREASURER AND THE FINANCE COMMITTEE. AFTER THEY COMPLETE THEIR REVIEW, THE DRAFT IS SENT TO THE ENTIRE BOARD FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICTS OF INTEREST POLICY IS REVIEWED AND ACKNOWLEDGED BY ALL BOARD MEMBERS ON AN ANNUAL BASIS. IF A POTENTIAL CONFLICT ARISES DURING THE YEAR, THE INTERESTED BOARD MEMBER SHALL RECUSE HIMSELF/HERSELF FROM ALL DISCUSSIONS AND VOTE ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15A THE PERFORMANCE OF THE FOUNDATION'S EXECUTIVE DIRECTOR IS REVIEWED ANNUALLY BY THE PRESIDENT OF THE SOUTH CAROLINA GOVERNOR'S SCHOOL OF SCIENCE & MATHEMATICS. UPON COMPLETION OF THIS PERFORMANCE REVIEW, THE PERSONNEL COMMITTEE OF THE FOUNDATION REVIEWS THE EXECUTIVE DIRECTOR'S ACTIVITIES AND ACCOMPLISHMENTS AS WELL AS PROGRESS MADE WITH RESPECT TO THE FOUNDATION'S FINANCIAL AND ORGANIZATIONAL GOALS. COMPENSATION RANGES ARE DETERMINED BASED ON THE SALARY OF PROFESSIONALS IN SIMILARLY-SITUATED POSITIONS. RELYING UPON ON ALL OF THIS INFORMATION, THE PERSONNEL COMMITTEE MAKES A RECOMMENDATION FOR THE EXECUTIVE DIRECTOR'S ANNUAL COMPENSATION WHICH IS APPROVED BY THE BOARD OF DIRECTORS. THE DECISION IS DOCUMENTED. COMPENSATION FOR OTHER KEY EMPLOYEES IS BASED UPON PERFORMANCE REVIEWS CONDUCTED BY THE EXECUTIVE DIRECTOR AND INCLUDED IN THE ANNUAL BUDGET APPROVED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAINTAINS COPIES OF THEIR GOVERNING DOCUMENTS, EXEMPTION APPLICATION, ANNUAL FINANCIAL STATEMENTS AND ANNUAL FORM 990 IN THEIR OFFICE, AND THESE ARE AVAILABLE FOR PUBLIC INSPECTION UPON WRITTEN REQUEST. FORM 990, PART XII, LINE 2C THE FINANCE COMMITTEE OVERSEES THE AUDIT PROCESS. SC GOVERNOR'S SCHOOL FOR SCIENCE AND MATHEMATICS 401 RAILROAD AVENUE HARTSVILLE SC 29550 EDUCATION SC IRC 115 N/A N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 SC GOVERNOR'S SCHOOL FOR SCIENCE AND MATHEMATICS Q 1933 FMV SC GOVERNOR'S SCHOOL FOR SCIENCE AND MATHEMATICS R 422967 FMV