2025-07-17T13:04:20-04:00 2024-12-31 883651234 PHILLIPS CPAS & ADVISORS 201 LAVINIA AVE GREENVILLE SC 29601 990 2024-01-01 570565961 GREENVILLE TECH FOUNDATION INC GREE 8642508497 556 PERRY AVE SUITE B-110 GREENVILLE SC 29611 ANN WRIGHT VP FOR ADVANCEMENT 8642508497 2025-07-17 true false MATTHEW V PHILLIPS P01360869 8642361380 2025-07-17 2024 2025-03-06 01:10:19Z ANN WRIGHT 556 PERRY AVE SUITE B-110 GREENVILLE SC 29611 12020982 false X WWW.GREENVILLETECHFOUNDATION.ORG X 1973 SC PROVIDE FINANCIAL ASSISTANCE TO GREENVILLE TECHNICAL COLLEGE AND ITS STUDENTS. 16 16 0 8 0 3307796 2566429 916898 916898 1228143 1197623 409217 451309 5862054 5132259 891296 1042337 0 403374 432928 0 35294 2781969 3499259 4076639 4974524 1785415 157735 46883503 48452256 11120913 10648968 35762590 37803288 PROVIDE FINANCIAL ASSISTANCE TO GREENVILLE TECHNICAL COLLEGE AND ITS STUDENTS. false false 1178498 99500 PURCHASED EQUIPMENT FOR VARIOUS COLLEGE PROGRAMS OFFERED AT GREENVILLE TECHNICAL COLLEGE. 530534 573398 CONSTRUCTED CLASSROOM AND GYMNASIUM FOR THE BRASHIER CHARTER MIDDLE SCHOOL CAMPUS AT THE REQUEST OF GREENVILLE TECHNICAL COLLEGE. CONTINUING REVENUE AND EXPENSES ARE FOR OWNERSHIP OF BUILDING BY GREENVILLE TECH FOUNDATION. 2143326 1042337 244000 ALL OTHER PROGRAM SERVICE EXPENSES CONSIST OF MONIES SPENT FOR STUDENT PROGRAMS, SCHOLARSHIPS, COLLEGE FACULTY/STAFF DEVELOPMENT, COLLEGE DEPARTMENT SUPPLIES & ACTIVITIES, CONSULTING AND OTHER COLLEGE SUPPORT. OTHER PROGRAM SERVICE REVENUE CONSISTS OF A MANAGEMENT FEE COLLECTED FROM GREENVILLE TECHNICAL COLLEGE. 3852358 true true false true false false false true false true true false false true true true false true false false false false false false true false false false true true true false false false false false false false false false false true true false false true false false false false true 25 0 true 0 false false false false true true true true false false false true false false false X 16 16 false false false false false true false true true false false true true true true true true true true false SC X X X KENNETH HELMS 8642508536 556 PERRY AVENUE SUITE B-110 GREENVILLE SC 29611 ANN WRIGHT VP FOR ADVAN 50.00 X 0 173862 64450 DR KEITH L MILLER COLLEGE PRES 1.00 X 131974 0 0 KIMBERLY BAILEY DIRECTOR 1.00 X 0 0 0 DREW BOLAND SECRETARY/TR 1.00 X 0 0 0 STACY BRANDON IMMEDIATE PA 1.00 X 0 0 0 CHAD COUSINS VICE CHAIR 1.00 X 0 0 0 LISA DAVIES DIRECTOR 1.00 X 0 0 0 TAVIA CM GADDY DIRECTOR 1.00 X 0 0 0 KATIE HOWELL DIRECTOR 1.00 X 0 0 0 JON JOFFE DIRECTOR 1.00 X 0 0 0 MICHAEL MCCORMICK DIRECTOR 1.00 X 0 0 0 JENNA HENDRICKS MCLEOD DIRECTOR 1.00 X 0 0 0 NEETU PATEL DIRECTOR 1.00 X 0 0 0 KEITH POOLE DIRECTOR 1.00 X 0 0 0 TIFFANY SANTAGATI DIRECTOR 1.00 X 0 0 0 STEVE SMITH DIRECTOR 1.00 X 0 0 0 MIKE SNIVELY DIRECTOR 1.00 X 0 0 0 DAVID SUDDUTH CHAIR 1.00 X 0 0 0 131974 173862 64450 1 false true false 197539 2368890 91267 2566429 BRASHIER CHARTER CAMPUS 611710 573398 573398 MANAGEMENT FEE 611710 244000 244000 LEASE REVENUE 611710 99500 99500 916898 791142 791142 1888064 1469918 418146 418146 418146 5721563 33120 5348202 373361 33120 406481 406481 8225 197539 70603 -62378 -62378 MISCELLANEOUS 611710 95541 95541 95541 5132259 1418920 1146910 1042337 1042337 173862 173862 165815 165815 93251 93251 57144 57144 1598 1598 16500 16500 56104 56104 25563 25563 56835 56835 521058 521058 296187 296187 315919 315919 COLLEGE SUPP - BUILDING 1178498 1178498 OTHER COLLEGE SUPPORT 633490 633490 COLLEGE DEPARTMENTAL SU 152052 152052 MISCELLANEOUS 81299 13615 32390 35294 107012 107012 4974524 3852358 1086872 35294 917661 980707 9063069 6378536 2448555 1845325 185154 72296 133074 116312 20699879 11048586 10446503 9651293 19342609 25057184 4346878 4350603 46883503 48452256 49083 169048 2083 2351 5798365 5542579 5271382 4934990 11120913 10648968 X 12588206 13019953 23174384 24783335 35762590 37803288 46883503 48452256 X 157735 1559360 -78483 402086 X false true X true false X 1635093 4739180 4640525 3307796 2566429 16889023 1635093 4739180 4640525 3307796 2566429 16889023 16889023 2155616 2418870 2453688 2493732 2679206 12201112 65032 81378 92923 140442 103766 483541 29573676 8966004 0.57110 0.58930 X PART II, LINE 10 GROSS INCOME-FUNDRAISING/MISC. INC. 483,541 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 56104 56104 3688082 3744186 337209 84302 474504 439426 294295 337209 1545434 2318151 54000 54000 54000 56104 218104 118626 109857 73574 84302 386359 579539 SCHEDULE C, PART IV PART I-A, LINE 1: GREENVILLE TECH FOUNDATION HIRED A COMPANY TO LOBBY FOR THE COLLEGE DURING 2023. THE COMPANY MONITORED RELATED LEGISLATION, LOBBIED FOR INCREASED FUNDING FOR GREENVILLE TECHNICAL COLLEGE, AND MET WITH VARIOUS COMMITTEES REGARDING DEVELOPMENT OF A NEW GREENVILLE TECHNICAL COLLEGE WELDING FACILITY. X false 21347289 3274759 2302727 594710 244030 92165 25993870 19085637 1256496 1714833 512903 117027 79747 21347289 20497785 1585458 -2247649 535030 134185 80742 19085637 16103643 2869516 2138991 543226 71139 20497785 14319614 416765 1782742 358046 57432 16103643 0.22230 0.77570 0.00200 false false 10479029 5067288 5411741 10078571 5890487 4188084 142279 90811 51468 9651293 OPERATING LEASE RIGHT-OF-USE ASSET 4005013 CHARITABLE REMAINDER TRUSTS REC. 218495 CASH SURRENDER VALUE OF LIFE INS. 70696 OTHER ASSETS 56399 4350603 OPERATING LEASE LIABILITY 4327749 SECURITY DEPOSIT PAYABLE 400000 INTEREST RATE SWAPS 194543 CUSTOMER DEPOSITS 12698 4934990 X 8485140 1559360 339708 1899068 6586072 78483 -1532296 -1453813 5132259 6444442 1469918 1469918 4974524 4974524 SCHEDULE D, PAGE 2, PART V, LINE 4 THE ENDOWMENT FUNDS ARE USED TO GENERATE REVENUE FOR SCHOLARSHIPS, EQUIPMENT, FACULTY AND STAFF DEVELOPMENT, AND DEPARTMENTAL SUPPLIES AND ACTIVITIES. SCHEDULE D, PAGE 3, PART X MANAGEMENT HAS EVALUATED THE TAX POSITIONS OF THE FOUNDATION AND DOES NOT BELIEVE THAT ANY UNCERTAIN TAX POSITIONS OR UNRECOGNIZED TAX BENEFITS EXIST FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023, RESPECTIVELY. THE FOUNDATION'S POLICY IS TO REPORT ACCRUED INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS, WHEN APPLICABLE, AS INTEREST EXPENSE AND TO REPORT PENALTIES AS OTHER EXPENSE. SCHEDULE D, PAGE 4, PART XI, LINE 2D INTEREST RATE SWAP INCOME 228,227 CHANGE IN CHARITABLE REMAINDER TRUSTS 111,481 SCHEDULE D, PAGE 4, PART XI, LINE 4B MCALISTER SQUARE EXPENSES -1,469,918 FUNDRAISING EVENT EXPENSES -62,378 SCHEDULE D, PAGE 4, PART XII, LINE 2D MCALISTER SQUARE EXPENSES 1,469,918 WD SALUTE 205764 197539 8225 70603 205764 197539 8225 70603 70603 -62378 true SCHOLARSHIPS 1843 1042337 SCHEDULE I, PAGE 1, PART I, LINE 2 ANY DISBURSEMENTS ARE APPROVED BY AUTHORIZED PARTY(IES) IN THE COLLEGE. DISBURSEMENTS MUST BE IN AGREEMENT WITH THE GUIDELINES ON FILE. THE INFORMATION ON EACH STUDENT WHO RECEIVES A SCHOLARSHIP THROUGH THE FOUNDATION IS RECORDED ON A SPREADSHEET AND A HARD COPY IS FILED ALPHABETICALLY. SOME INFORMATION IS KEPT BY GREENVILLE TECHNICAL COLLEGE SINCE THE FOUNDATION ONLY SUPPORTS STUDENTS WHO ARE ATTENDING GREENVILLE TECHNICAL COLLEGE. THIS INFORMATION IS OBTAINABLE BY THE FOUNDATION WHEN NEEDED. X true true X X X X false false false false false false false false false ANN WRIGHT VP FOR ADVANCEMENT 173862 64450 238312 SCHEDULE J, PART III FORM 990, PART VII, SECTION A, QUESTIONS 4 AND 5: ANN WRIGHT IS THE VP FOR ADVANCEMENT/CEO OF GREENVILLE TECH FOUNDATION, INC. SHE RECEIVED COMPENSATION DURING 2024 OF 173,862 AND BENEFITS OF 64,450 FROM GREENVILLE TECHNICAL COLLEGE, WHICH IS NOT A RELATED ORGANIZATION. HER COMPENSATION IS RELATED TO SUPPLEMENTAL SERVICES AS VP FOR ADVANCEMENT/CEO OF THE FOUNDATION. THE FOUNDATION REIMBURSED THE COLLEGE FOR ONE-FOURTH OF THIS COMPENSATION AS WELL AS ONE-FOURTH OF HER BENEFITS, WHICH ARE INCLUDED ON LINES 5 & 9 OF THE STATEMENT OF FUNCTIONAL EXPENSES. A JEDA BONDS - BRASHIER CHARTER LLC 570960018 837031QS5 2008-07-10 8410000 CLASSROOM BUILDING false false false A 2867421 8410000 296187 266135 7736124 2009 false false true true A true false false false false false false A false false false false true true TRUIST 30.500000000000 false false false false false A false PURPOSE OF ISSUE DESCRIPTION JEDA BONDS - BRASHIER CHARTER LLC CLASSROOM BUILDING X EQUIP/SUPPLIES 13 62071 FMV X OTHER 16 29196 FMV false true false FORM 990, PAGE 6, PART VI, LINE 7A THE GREENVILLE TECH ALUMNI ARE ALLOWED TO ELECT ONE EX-OFFICIO MEMBER TO THE GREENVILLE TECH FOUNDATION BOARD. FORM 990, PAGE 6, PART VI, LINE 11B FOUNDATION STAFF, MANAGEMENT, AND THE FINANCE/INVESTMENT COMMITTEE REVIEW THE 990 TAX RETURN, WHICH IS THEN REVIEWED AND APPROVED BY THE FULL BOARD. FORM 990, PAGE 6, PART VI, LINE 12C ANNUALLY, EACH DIRECTOR AND OFFICER SHALL SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON; (A) HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY; (B) HAS READ AND UNDERSTANDS THE POLICY; (C) HAS AGREED TO COMPLY WITH THE POLICY; AND (D) UNDERSTANDS THAT THE FOUNDATION IS CHARITABLE AND, IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION, MUST ENGAGE PRIMARILY IN ACTIVITIES THAT ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. FORM 990, PAGE 6, PART VI, LINE 15A THE FOUNDATION PRESIDENT/CEO REPORTS TO THE GREENVILLE TECHNICAL COLLEGE PRESIDENT AND THE FOUNDATION BOARD CHAIR. THE COLLEGE PRESIDENT CONDUCTS HIS/HER ANNUAL PERFORMANCE APPRAISAL, AFTER CONSULTING WITH THE FOUNDATION BOARD CHAIR. FORM 990, PAGE 6, PART VI, LINE 15B THE STAFF OF GREENVILLE TECH FOUNDATION, INC. ARE STATE EMPLOYEES EMPLOYED BY GREENVILLE TECHNICAL COLLEGE. THE FOUNDATION PAYS THE COLLEGE FOR AN APPROPRIATE PERCENTAGE OF THE STAFF TIME. THE STAFF ARE HIRED ACCORDING TO STATE HUMAN RESOURCE PROCEDURES; COMPENSATED ACCORDING TO STATE PAY RATES; AND RECEIVE AN ANNUAL PERFORMANCE APPRAISAL FROM THEIR SUPERVISOR. THE FOUNDATION EXECUTIVE COMMITTEE WILL MEET IN EXECUTIVE SESSION AT LEAST ANNUALLY, NORMALLY IN OCTOBER OR NOVEMBER, TO DISCUSS ANY SUPPLEMENTS OR BONUSES FOR STAFF TO BE RECOMMENDED TO THE FULL BOARD, NORMALLY AT THE NOVEMBER BOARD MEETING (ALSO IN EXECUTIVE SESSION). THE SUPPLEMENTS OR BONUSES WILL NORMALLY TAKE EFFECT IN JANUARY OF THE NEXT YEAR. COMPARATIVE DATA FROM OTHER SOURCES, INCLUDING NONPROFIT ORGANIZATIONS AND COMMUNITY COLLEGES IN THE REGION, MAY ALSO BE USED AS A GUIDELINE. FORM 990, PAGE 6, PART VI, LINE 19 UPON REQUEST FORM 990, PART XI, LINE 9 INTEREST RATE SWAP INCOME 228,227 CHANGE IN CHARITABLE REMAINDER TRUSTS 111,481 MCALISTER SQUARE EXPENSES 1,469,918 FUNDRAISING EVENT EXPENSES 62,378 MCALISTER SQUARE EXPENSES -1,469,918 TOTAL 402,086 GTF MCALISTER LLC 225 S PLEASANTBURG DRIVE SUITE E-11 GREENVILLE SC 29607 570565961 SUBSIDIARY SC 1888064 3929715 GTF BRASHIER CHARTER LLC 225 S PLEASANTBURG DRIVE SUITE E-11 GREENVILLE SC 29607 570565961 SUBSIDIARY SC 1029884 5548751 GTF GTF PLEASANTBURG LLC 225 S PLEASANTBURG DRIVE SUITE E-11 GREENVILLE SC 29607 570565961 SUBSIDIARY SC GTF