2024-11-25T16:14:55-06:00 2024-06-30 570381582 ELLIOTT DAVIS LLCPLLC 500 EAST MOREHEAD STREET SUITE 700 CHARLOTTE NC 28202 990 2023-07-01 570699317 TRIDENT TECHNICAL COLLEGE FOUNDATION INC TRID 8435746195 PO BOX 61227 CHARLESTON SC 294191227 LISA PICCOLO EXECUTIVE DIRECTOR 8435746195 2024-11-14 1 1 JANICE A RATICA P00358837 7043338881 2024-11-14 2023 2024-10-15 13:58:12Z LISA PICCOLO PO BOX 61227 CHARLESTON SC 294191227 3322796 0 X WWW.TRIDENTTECH.EDU/SUPPORTING_TTC.HTM X 1975 SC THE TRIDENT TECHNICAL COLLEGE FOUNDATION RAISES FUNDS FOR THE COLLEGE TO SUPPORT THE REGION'S ECONOMY BY FOSTERING LOCAL BUSINESS RELATIONSHIPS AND CREATING AWARENESS OF TTC'S MISSION. ADDITIONALLY, THE FOUNDATION PROVIDES SCHOLARSHIPS TO STUDENTS, CLASSROOM EQUIPMENT AND MATERIALS TO FACULTY/STAFF AND ENCOURAGES AND PROMOTES PROFESSIONAL DEVELOPMENT TO FACULTY/STAFF THROUGH TUITION AND CREDIT COURSE ASSISTANCE. THE FOUNDATION OPERATES INDEPENDENTLY OF THE COLLEGE AS A 501 (C)(3) NON-PROFIT CORPORATION. 56 56 0 584 0 0 1779265 2989852 0 0 934265 192169 -16057 -97132 2697473 3084889 779760 884252 0 0 0 0 0 0 41416 477751 527070 1257511 1411322 1439962 1673567 17963466 21498638 158317 201634 17805149 21297004 X ESTABLISHED IN 1975, THE TRIDENT TECHNICAL COLLEGE FOUNDATION EXISTS TO ADVOCATE AND RAISE FUNDS FOR THE COLLEGE TO SUPPORT THE REGION'S ECONOMY. THE FOUNDATION OPERATES INDEPENDENTLY OF THE COLLEGE AS A 501(C)(3) NONPROFIT CORPORATION. 0 0 466717 466717 STUDENT SCHOLARSHIPS:THE FOUNDATION MADE 476 AND 458 SCHOLARSHIP AWARDS TOTALING $466,717 AND $412,751 IN THE YEARS ENDED JUNE 30, 2024 AND 2023, RESPECTIVELY. SCHOLARSHIPS HELP OFFSET THE COST OF TUITION, FEES, BOOKS, CHILDCARE, AND TRANSPORTATION FOR ELIGIBLE STUDENTS. THE SCHOLARSHIP FUNDS, SUPPORTED BY INDIVIDUALS, BUSINESSES, AND OTHER FOUNDATIONS, ARE COMPETITIVE AND BASED ON CRITERIA ESTABLISHED BY THE DONORS AND THE FOUNDATION. AS OF JUNE 30, 2024, THE FOUNDATION ADMINISTERED A TOTAL OF 152 SCHOLARSHIP FUNDS, 46 OF WHICH ARE PERMANENTLY RESTRICTED. AS OF JUNE 30, 2023, THE FOUNDATION ADMINISTERED A TOTAL OF 145 SCHOLARSHIP FUNDS, 38 OF WHICH ARE PERMANENTLY RESTRICTED. 14487 14487 TUITION ASSISTANCE/CREDIT COURSE REIMBURSEMENT PROGRAMS:THE FOUNDATION PROVIDES FINANCIAL SUPPORT, UP TO AN ANNUALLY BUDGETED AMOUNT, FOR FULL-TIME PERMANENT EMPLOYEES OF THE COLLEGE TO TAKE CREDIT OR CONTINUING EDUCATION COURSES AT THE COLLEGE OR OTHER ACCREDITED INSTITUTIONS OF HIGHER EDUCATION. ALL PROGRAMS ARE BASED ON AVAILABILITY OF FUNDS. FOR THE FISCAL YEARS ENDED JUNE 30, 2024 AND 2023, $14,487 AND $6,869 WERE AWARDED AS PART OF THESE PROFESSIONAL DEVELOPMENT PROGRAMS, RESPECTIVELY. MINI-GRANTS:THE MINI-GRANT PROGRAM PROVIDES FUNDS TO FACULTY AND STAFF FOR EQUIPMENT, MATERIALS AND SPECIAL RESOURCES TO ENHANCE STUDENT SUCCESS. THE PROGRAM IS DESIGNED TO ENHANCE THE LEARNING EXPERIENCE OF COLLEGE STUDENTS WHILE BRIDGING THE GAP BETWEEN INSTRUCTIONAL NEEDS AND DEPARTMENTAL BUDGET CONSTRAINTS. INDIVIDUAL AWARDS ARE UP TO $1,600 AND ARE AWARDED BASED ON A COMPETITIVE APPLICATION PROCESS. FOR THE FISCAL YEARS ENDED JUNE 30, 2024 AND 2023, THERE WERE NO MINI-GRANTS APPLIED FOR OR AWARDED. 546680 403048 STUDENT URGENT NEEDS FUND: THE STUDENT URGENT NEEDS FUND WAS CREATED TO ASSIST STUDENTS IN GOOD STANDING WHO EXPERIENCE AN UNFORESEEN FINANCIAL EMERGENCY WHICH WOULD OTHERWISE PREVENT THEM FROM CONTINUING TO ATTEND THE COLLEGE. STUDENTS MUST MEET ALL ELIGIBILITY REQUIREMENTS AND RECEIVE APPROVAL FROM THE SELECTION COMMITTEE. FOR THE FISCAL YEARS ENDED JUNE 30, 2024 AND 2023, $9,694 AND $15,433 WAS AWARDED IN STUDENT URGENT NEEDS FUNDING ASSISTANCE, RESPECTIVELY.AWARDS AND PRIZES: THE FOUNDATION PROVIDES A VARIETY OF AWARDS AND PRIZES DESIGNED TO CELEBRATE OUTSTANDING ACHIEVEMENTS, INNOVATION, AND LEADERSHIP AMONG COLLEGE STUDENTS, FACULTY, AND STAFF. FOR THE FISCAL YEARS ENDED JUNE 30, 2024 AND 2023, $9,300 AND $7,100 IN AWARDS AND PRIZES WERE PROVIDED FROM THE FOUNDATION, RESPECTIVELY. 546680 403048 1027884 1 1 0 1 0 0 0 0 0 1 0 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 24 0 1 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 X 56 56 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 SC X LISA PICCOLO 8435746195 7000 RIVERS AVE BLDG 900 CHARLESTON SC 29406 KARENA BELL FOUNDATION TRUSTEE 1.00 X 0 0 0 PAMELA J BROWNING FOUNDATION TRUSTEE 1.00 X 0 0 0 ROBERT O COLLINS FOUNDATION TRUSTEE 1.00 X 0 0 0 RUSSELL B CORBIN FOUNDATION TRUSTEE 1.00 X 0 0 0 WILLIAM E CRAVER III FOUNDATION TRUSTEE 1.00 X 0 0 0 DAVID M ECHOLS FOUNDATION TRUSTEE 1.00 X 0 0 0 SHELLY S EICHER FOUNDATION TRUSTEE 1.00 X 0 0 0 WILLIAM A FINN FOUNDATION TRUSTEE 1.00 X 0 0 0 KEVIN F FRANK FOUNDATION TRUSTEE 1.00 X 0 0 0 DAVID T GINN FOUNDATION TRUSTEE 1.00 X 0 0 0 DOROTHY G HARRISON FOUNDATION TRUSTEE 1.00 X 0 0 0 DOUGLAS C HORNBERGER FOUNDATION TRUSTEE 1.00 X 0 0 0 WILLIAM C HUDSON FOUNDATION TRUSTEE 1.00 X 0 0 0 LEONARD L HUTCHISON III FOUNDATION TRUSTEE 1.00 X 0 0 0 ANDREA LIMEHOUSE FOUNDATION TRUSTEE 1.00 X 0 0 0 HAROLD W JONES FOUNDATION TRUSTEE 1.00 X 0 0 0 B T KAYS FOUNDATION TRUSTEE 1.00 X 0 0 0 BRYAN D KIZER FOUNDATION TRUSTEE 1.00 X 0 0 0 MARK A LATTANZIO FOUNDATION TRUSTEE 1.00 X 0 0 0 PETER O LEHMAN FOUNDATION TRUSTEE 1.00 X 0 0 0 BARBARA R NWOKIKE FOUNDATION TRUSTEE 1.00 X 0 0 0 ANTHONY H POPE FOUNDATION TRUSTEE 1.00 X 0 0 0 JOHN C RAMA FOUNDATION TRUSTEE 1.00 X 0 0 0 JEREMY ROSS FOUNDATION TRUSTEE 1.00 X 0 0 0 MICHAEL C SCARAFILE FOUNDATION TRUSTEE 1.00 X 0 0 0 GINA T SHULER FOUNDATION TRUSTEE 1.00 X 0 0 0 HARRY L STALEY FOUNDATION TRUSTEE 1.00 X 0 0 0 ALLISON D STONEY FOUNDATION TRUSTEE 1.00 X 0 0 0 GEORGE L TUPPER JR FOUNDATION TRUSTEE 1.00 X 0 0 0 ALVIN WILLIAMS FOUNDATION TRUSTEE 1.00 X 0 0 0 JAMES GREEN FOUNDATION TRUSTEE 1.00 X 0 0 0 KEVIN ROURK FOUNDATION TRUSTEE 1.00 X 0 0 0 STEVE STRICKLAND FOUNDATION TRUSTEE 1.00 X 0 0 0 DANIEL ZARRILLO FOUNDATION TRUSTEE 1.00 X 0 0 0 ROBERT C SEIDLER FOUNDATION TRUSTEE 1.00 X 0 0 0 JEFF S SPICER FOUNDATION TRUSTEE 1.00 X 0 0 0 ANTHONY JACKSON FOUNDATION TRUSTEE 1.00 X 0 0 0 JESSE JONES FOUNDATION TRUSTEE 1.00 X 0 0 0 PAT FORSBERRY FOUNDATION TRUSTEE 1.00 X 0 0 0 SPENCER PRYOR FOUNDATION TRUSTEE 1.00 X 0 0 0 SAMUEL STEINBERG FOUNDATION TRUSTEE EMERITU 1.00 X 0 0 0 DAVID B YARBOROUGH FOUNDATION TRUSTEE EMERITU 1.00 X 0 0 0 AUGUST J BATLA FOUNDATION TRUSTEE EMERITU 1.00 X 0 0 0 RICHARD K GREGORY FOUNDATION TRUSTEE EMERITU 1.00 X 0 0 0 THOMAS A MAYBERRY FOUNDATION TRUSTEE EMERITU 1.00 X 0 0 0 JAMES C MURRAY FOUNDATION TRUSTEE EMERITU 1.00 X 0 0 0 TAMMY L COGHILL CHAIR 2.00 X X 0 0 0 GIAMPIERO DIMINICH VICE CHAIR AND GOVERNANCE 2.00 X X 0 0 0 CHRIS B FRASER IMM. PAST CHAIR AND NOMINATING 2.00 X X 0 0 0 MARY R GRAHAM ADVOCACY COMMITTEE CHAIR 2.00 X X 0 0 0 DEB CAMPEAU DEVELOPMENT/FRIENDRAISING 2.00 X X 0 0 0 DAWN H ROBINSON FINANCE/AUDIT COM. CHAIR 2.00 X X 0 0 0 ROBERT M BALDWIN TREASURER, INVEST. COM. CHAIR 2.00 X X 0 0 0 PATRICK BRYANT AT-LARGE 2.00 X X 0 0 0 STUART D WHITESIDE AT-LARGE 2.00 X X 0 0 0 MELVIN C WILLIAMS AT-LARGE 2.00 X X 0 0 0 LISA PICCOLO SECRETARY 40.00 X 11495 0 0 11495 0 0 0 0 0 0 MARY THORNLEY 41 FORDE ROW CHARLESTON SC 29412 SERVICES RENDERED IN SUPPORT OF THE FOUN 134694 1 795081 2194771 2989852 130743 130743 61426 0 61426 61426 61426 140775 795081 237907 -97132 -97132 3084889 0 0 95037 X 884252 884252 8994 8994 54766 54766 254944 122694 132250 7107 7107 ADMIN/FACILITIES REIMBU 89765 20938 28809 40018 OTHER EXPENSES 59030 57632 1398 DUES & MEETINGS 41880 41880 BANK CHARGES 10584 10584 1411322 1027884 342022 41416 117040 678055 42477 250524 3515966 3843277 37129 19636 14250854 16707146 17963466 21498638 158317 201634 158317 201634 X 4417112 5935085 13388037 15361919 17805149 21297004 17963466 21498638 1673567 1772514 45774 0 X X 0 1 X 1 0 X 1002928 2512101 1350592 1779265 2989852 9634738 1002928 2512101 1350592 1779265 2989852 9634738 2077401 7557337 314588 310368 413414 758585 130743 1927698 278220 158649 -11437 -16057 -97132 312243 11874679 0.63640 0.61280 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 8994 0 0 0 8994 0 PART II-B, LINE 1: FUNDS USED TO REPRESENT THE INTERESTS OF TRIDENT TECHNICAL COLLEGE AND ITS STUDENTS. 5474920 295342 746160 135333 6381089 4992970 277509 341773 137332 5474920 5557112 190130 -610291 143981 4992970 4455944 128705 1104963 132500 5557112 4364950 122351 59193 90550 4455944 0.00000 0.52842 0.47157 0 0 0 FIXED INCOME 1608053 F MONEY MARKET 1654538 F EQUITIES 10026136 F REAL ESTATE FUNDS/REITS 1677563 F ALTERNATIVE INVESTMENTS 1740856 F 16707146 X 4848411 1772514 45774 1818288 3030123 54766 54766 3084889 1356556 0 1356556 54766 54766 1411322 PART V, LINE 4: THE INTEREST EARNED ON ENDOWED FUNDS HELPS SUPPORT PROGRAM-RELATED COSTS, PRIMARILY SCHOLARSHIPS. ENDOWED FUNDS ALSO SHOW THAT DONORS TRUST THE ORGANIZATION AND BELIEVE IN THE LONGEVITY OF THE FOUNDATION. PART X, LINE 2: MANAGEMENT EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE FOR THE YEARS ENDED JUNE 30, 2024. A NIGHT IN THE VALLEY 884122 760322 123800 204791 BUBBLES & BLINGO 51734 34759 16975 33116 935856 795081 140775 237907 237907 -97132 1 TRIDENT TECHNICAL COLLEGE PO BOX 118067 CHARLESTON SC 29423 570440170 115 884252 0 TO PROVIDE PROGRAM ASSISTANCE TO THE COLLEGE. 1 0 PART I, LINE 2: THE FOUNDATION MAINTAINS DOCUMENTATION ON GRANTS MADE TO THE COLLEGE. FURTHER, THE FOUNDATION IS INVOLVED IN THE PROCESS OF AWARDING SCHOLARSHIPS. SCHOLARSHIPS ARE ELECTRONICALLY APPLIED FOR BY EACH INDIVIDUAL STUDENT. THE COMPUTER SYSTEM COMPARES THE DATA PER THE APPLICATION TO THE SCHOLARSHIP CRITERIA AND IDENTIFIES THE QUALIFIED APPLICANTS. A COMMITTEE THEN REVIEWS THE SELECTION OF STUDENTS WHO HAVE QUALIFIED FOR EACH SCHOLARSHIP AND SELECTS THE WINNING STUDENTS. THE MONEY FOR EACH SCHOLARSHIP IS PUT ON THE STUDENTS ACCOUNT FOR THE FOLLOWING SEMESTER. PATRICK BRYANT FOUNDATION TRUSTEE 4350 PATRICK BRYANT IS A PARTNER IN EVENT.GIVES INC., A FUNDRAISING PLATFORM COMPANY. THE TRANSACTION WAS AT FAIR MARKET VALUE AND WAS NEGOTIATED AT ARM'S LENGTH TO PROVIDE EVENT SOFTWARE AND SUPPORT FOR A NIGHT IN THE VALLEY FUNDRAISING EVENT. 0 FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION AMENDED ITS BYLAWS, EFFECTIVE NOVEMBER 11TH 2023, FOR THE FOLLOWING CHANGES: THE AUDIT/FINANCE COMMITTEE, WILL RECEIVE A DRAFT AUDIT FINANCIALS FOR REVIEW, FOLLOWED BY THE EXECUTIVE COMMITTEE, WHO WILL THEN RECEIVE A PRESENTATION OF THE AUDITED FINANCIALS FROM A PARTNER OF THE AUDITING FIRM. THE FULL BOARD OF TRUSTEES WILL RECEIVE THE AUDIT MATERIALS DURING THEIR NEXT SCHEDULED MEETING. THE CHAIR OF THE BOARD WILL ALSO SERVE AS CHAIR OF THE EXECUTIVE COMMITTEE, WITH FULL VOTING RIGHTS. VOTES OF THE COMMITTEES SHALL CONSIST OF AN AFFIRMATIVE VOTE BY A MAJORITY OF TOTAL MEMBERS PRESENT AT A MEETING AT WHICH A QUORUM IS ESTABLISHED. A QUORUM OF THE COMMITTEES SHALL CONSIST OF 50% OF THE FULL COMMITTEE MEMBERSHIP. ATTENDANCE AT MEETINGS MAY BE IN PERSON OR BY PHONE, VIDEO, OR OTHER ELECTRONIC METHOD. VOTES MAY BE CAST VIA EMAIL OR OTHER ELECTRONIC TECHNOLOGY. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE REVIEWS AND APPROVES THE 990 PRIOR TO ITS RELEASE, AND THEN IT IS MADE AVAILABLE TO THE ENTIRE BOARD. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY WHICH IS MONITORED REGULARY. IN THE EVENT THAT A POTENTIAL CONFLICT SHALL ARISE DURING THE YEAR, THE INTERESTED TRUSTEE SHALL RECUSE HIMSELF/HERSELF FROM ALL DISCUSSIONS AND/OR VOTE. FORM 990, PART VI, SECTION B, LINE 15 ALL EMPLOYEES WHO PERFORM SERVICES FOR THE FOUNDATION ARE EMPLOYED BY TRIDENT TECHNICAL COLLEGE, A STATE INSTITUTION. THERFORE, COMPENSATION IS SET AND LIMITED BY STATE LAW. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G STIPEND: PROGRAM SERVICE EXPENSES 122,694. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 122,694. PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 132,250. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 132,250. FORM 990, PART XII, LINE 2C THE FOUNDATION HAS AN AUDIT COMMITTEE THAT ASSUMES THE RESPONSIBLITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT.