2025-05-13T15:36:30+00:00 2024-06-30 440160260 Forvis Mazars LLP 500 Ridgefield Court Asheville NC 28806 990 2023-07-01 570428046 Educational Foundation of USCL Inc EDUC 8033137471 PO BOX 889 LANCASTER SC 29721 CHARLENE MCGRIFF President 8033137471 2025-05-13 true true Amy Bibby P00445891 8282542254 2025-05-08 2023 2025-03-06 01:10:19Z CHARLENE MCGRIFF PO BOX 889 LANCASTER SC 29721 2050388 false X N/A X 1963 SC TO SOLICIT, RECEIVE, MANAGE AND DISBURSE FUNDS FOR THE ADVANCEMENT OF THE INTERESTS OF THE UNIVERSITY OF SOUTH CAROLINA LANCASTER. 12 12 0 13 0 0 1301660 1258147 0 0 335442 677385 52981 114856 1690083 2050388 369055 329631 0 0 0 0 0 0 0 753769 887849 1122824 1217480 567259 832908 18250361 19446606 1705954 1320622 16544407 18125984 THE MISSION OF THE EDUCATIONAL FOUNDATION OF UNIVERSITY OF SOUTH CAROLINA LANCASTER IS TO SOLICIT, RECEIVE, MANAGE AND DISBURSE FUNDS FOR THE ADVANCEMENT OF THE INTERESTS OF THE UNIVERSITY OF SOUTH CAROLINA LANCASTER. false false 1052737 329631 114856 AID THE UNIVERSITY IN ACHIEVING ITS MISSION THROUGH THE ESTABLISHMENT/IMPLEMENTATION OF LONG-RANGE FUNDRAISING PROGRAMS. 1052737 true true false false false false false false true true false false false false true true true false false false false false false false false false true false false false false false false false false false false true false false false false false false false false true 0 0 0 false false false false false false false false false false false false X 12 12 false false false false false false false true true false false true true true true true true false false false SC X DAVID TOLSON 8032868448 PO BOX 889 LANCASTER SC 29721 X CHARLENE MCGRIFF PRESIDENT 1.0 X X 0 0 0 DAVID TOLSON FINANCE CHAIR 1.0 X X 0 0 0 PAMELA STEWART SECRETARY 1.0 X X 0 0 0 STEVE WILLIS PRESIDENT - ELECT 1.0 X X 0 0 0 BEVERLY ADAMS DIRECTOR 1.0 X 0 0 0 BILLY HOGGE DIRECTOR 1.0 X 0 0 0 BOBBY BAILEY DIRECTOR (July-Dec 2023) 1.0 X 0 0 0 DAVID FUNDERBURK DIRECTOR 1.0 X 0 0 0 ELIZABETH HYATT DIRECTOR 1.0 X 0 0 0 MELISSA THORNTON DIRECTOR 1.0 X 0 0 0 RANDY NEWMAN DIRECTOR 1.0 X 0 0 0 RICHARD WARRIN DIRECTOR 1.0 X 0 0 0 STEVE SHERRILL DIRECTOR 1.0 X 0 0 0 0 0 0 0 false false false 0 628589 629558 148589 1258147 0 0 0 0 0 165283 165283 9300 9300 0 9300 9300 512102 512102 0 512102 512102 MISCELLANEOUS 900099 105556 105556 0 0 0 0 105556 2050388 114856 0 677385 329631 329631 22580 22580 103277 103277 2289 2289 0 0 21617 2595 19022 148589 148589 64688 64688 207898 207898 19864 19864 CONSTRUCTION COSTS 297047 297047 0 0 0 0 1217480 1052737 164743 0 146385 139728 19004 19930 0 0 0 0 10046171 3862256 6391814 6183915 11081275 12494184 0 0 611883 608849 18250361 19446606 10140 16169 0 0 1695814 1304453 0 0 1705954 1320622 X 6779359 7141825 9765048 10984159 16544407 18125984 18250361 19446606 832908 748669 0 X X false true X true false X 717379 768987 938992 1153071 1170555 4748984 0 114960 114080 114080 148589 148589 640298 832339 883067 1053072 1301660 1319144 5389282 0 5389282 234852 156498 122937 153536 165283 833106 0 45947 25812 47037 43681 105556 268033 6490421 0 0.8303 0.8274 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - OTHER INCOME, COLUMN A - 45947.0, COLUMN B - 25812.0, COLUMN C - 47037.0, COLUMN D - 43681.0, COLUMN E - 105556.0, COLUMN F - 268033.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9746044 281988 1261133 219461 13250 92226 10964228 8848707 178387 1038504 222391 15200 81963 9746044 10516729 308205 -1647832 210415 17425 100555 8848707 7893665 202806 2676773 134827 36117 85571 10516729 7891297 130415 103870 143768 13282 74867 7893665 0.0 1.0 0.0 true false 579218 579218 9265100 3660403 5604697 201853 201853 0 6183915 0 X 2799057 748669 0 748669 2050388 0 0 2050388 1217480 0 0 1217480 0 0 1217480 Schedule D, Part V, Line 4 Intended uses of endowment funds The net income of the foundation's endowment funds is utilized as directed by the board of directors of the foundation in accordance with the established priorities and gift restrictions for the exclusive benefit of the university of South Carolina - Lancaster. these uses include but are not limited to: 1) scholarships and/or fellowships 2) chairs and/or professorships 3) general program support for various university departments, colleges, institutes and offices. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE FOUNDATION HAS BEEN GRANTED EXEMPTION FROM INCOME TAXES UNDER SECTION 501(C)3 OF THE INTERNAL REVENUE CODE AND ACCORDINGLY, NO PROVISION FOR INCOME TAX IS RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FOUNDATION HAS DETERMINED THAT IT DOES NOT HAVE ANY UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF JUNE 30, 2024. true University of South Carolina - Lancaster 476 Hubbard Drive Lancaster SC 29720 576001153 govtl 329631 Scholarships and Grants 1 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. SCHOLARSHIPS ARE PROVIDED ON BEHALF OF THE GRANTEE DIRECTLY TO THE UNIVERSITY FOR APPLICATION AGAINST EDUCATIONAL EXPENSES. X RENTAL SPACE 1 148589 Market value 0 false false false Form 990, Part VI, Line 15 THE ORGANIZATION DOES NOT HAVE ANY EMPLOYEES. Form 990, Part VI, Line 11b Review of form 990 by governing body TREASURER REVIEWS TAX RETURN PRIOR TO FILING AND A COPY OF THE 990 IS EMAILED TO EACH BOARD MEMBER PRIOR TO FILING. BOARD MEMBERS ARE REQUESTED TO REVIEW THE FORM AND NOTIFY THE FOUNDATION PRIOR TO THE FORM DUE DATE IF THEY HAVE ANY COMMENTS OR CORRECTIONS TO THE FORM. Form 990, Part VI, Line 12c Conflict of interest policy The foundation's conflict of interest policy is distributed annually to board members at a full board meeting. Attached to the copy of the conflict of interest policy is a signature form for each board member to sign and indicate that they have read, and complied with, the foundation's conflict of interest policy for the year. The signature forms are collected and kept by the foundation. Form 990, Part VI, Line 19 Required documents available to the public FORM 990 IS PUBLICLY AVAILABLE FROM MANY SOURCES; GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS WOULD BE MADE AVAILABLE UPON REQUEST. Form 990, Part XII, Line 2c Change of oversight process or selection process The process has not changed since the prior year.