2026-05-12T16:18:24+00:00 2025-06-30 440160260 Forvis Mazars LLP One Oak Plaza Suite 300 Asheville NC 28801 990 2024-07-01 570555699 UNIVERSITY OF SOUTH CAROLINA UPSTATE FOUNDATION UNIV 8645037417 800 University Way Spartanburg SC 29303 RJ GIMBL EXECUTIVE DIRECTOR 2026-05-12 true Amy Bibby P00445891 8282542254 2026-05-07 2024 2025-03-06 01:10:19Z RJ Gimbl 800 University Way Spartanburg SC 29303 6014088 false X N/A X 1973 SC ORGANIZATION ESTABLISHED TO OPERATE AS A PERMANENT FOUNDATION TO ACCEPT GIFTS FOR CHARITABLE, BENEVOLENT, CULTURAL, AND EDUCATIONAL PURPOSED FOR THE EXCLUSIVE USE AND BENEFIT OF THE UNIVERSITY OF SOUTH CAROLINA UPSTATE. 17 17 0 17 0 1705530 4257812 0 163430 758701 242042 246271 2111002 5262784 2152383 2649494 0 0 0 0 505011 545044 2657394 3194538 -546392 2068246 19186364 23512973 1006716 1895289 18179648 21617684 ORGANIZATION ESTABLISHED TO OPERATE AS A PERMANENT FOUNDATION TO ACCEPT GIFTS FOR CHARITABLE, BENEVOLENT, CULTURAL, AND EDUCATIONAL PURPOSED FOR THE EXCLUSIVE USE AND BENEFIT OF THE UNIVERSITY OF SOUTH CAROLINA UPSTATE. false false 2709911 2649494 THE FOUNDATION PROVIDES FINANCIAL SUPPORT FOR THE BENEFIT OF THE UNIVERSITY OF SOUTH CAROLINA UPSTATE. THE SUPPORT PROVIDED TO THE UNIVERSITY PURCHASES ART, EQUIPMENT, AND SUPPLIES, FUNDS A VARIETY OF STUDENT SCHOLARSHIPS, IT HELPS SEND STUDENTS ABROAD FOR INTERNATIONAL EXPERIENCES AND PAYS FOR PERFORMANCES, EVENTS, AND STUDENT ACTIVITIES. THE FOUNDATION ENABLES USC UPSTATE TO SUPPORT THEIR METROPOLITAN MISSION. 2709911 true true false false false false false false false true true false false false true true false true false false false false false false true false false true false true false false false false false false false false false false false false false false false true false false false false true 0 0 0 false false false false false false false false false false false false X 17 17 false false false false false false false true true false false false true true true true true true true true false false X The Organization 8645037417 800 University Way Spartanburg SC 29303 Bynum Judy Secretary 1.0 X X 0 0 0 Cole Suzy Chair 1.0 X X 0 0 0 Kelly Cindy Treasurer 1.0 X X 0 0 0 Leopard Ken Cive Chair 1.0 X X 0 0 0 Aldrich Steve Board Member 1.0 X 0 0 0 Brown Jeff Board Member 1.0 X 0 0 0 Hannon Linda Board Member 1.0 X 0 0 0 Hodge Jakie Board Member 1.0 X 0 0 0 Jane Jennings Mary Board Member 1.0 X 0 0 0 Johnston Scott Board Member 1.0 X 0 0 0 McGee Terence Board Member 1.0 X 0 0 0 Merhib Vanessa Board Member 1.0 X 0 0 0 Randall Gary Dr Board Member 1.0 X 0 0 0 Ruffin Claudia Board Member 1.0 X 0 0 0 Tam Kelly Board Member 1.0 X 0 0 0 Thompson Beth Board Member 1.0 X 0 0 0 Young IV Thomas Board Member 1.0 X 0 0 0 RJ Gimbl Executive Director 1.0 40.0 X 0 180454 51184 0 180454 51184 0 false true false 0 126122 4131690 4257812 0 0 0 0 0 487388 487388 0 0 985575 714262 271313 0 271313 271313 67828 126122 37042 30786 30786 Administrative Fee 900099 191840 191840 Miscellaneous Income 900099 23645 23645 0 0 0 0 215485 5262784 0 0 1004972 2649494 2649494 24620 24620 115405 115405 198873 4562 194311 0 21776 21776 74795 74795 1857 1857 10079 10079 7302 7302 10761 10761 Settlement Payout 48000 48000 Chancellor's Housing Support 24000 24000 Misc Expense 7576 7576 0 0 0 0 3194538 2709911 484627 0 104 177372 655437 285150 81500 1462335 0 0 0 0 219000 7302 0 211698 18162785 21280146 0 0 286538 96272 19186364 23512973 364 757 843304 1828136 0 0 163048 66396 1006716 1895289 2102449 2408605 16077199 19209079 18179648 21617684 19186364 23512973 X 2068246 1273900 95890 X false true true false X 833561 2447943 1093754 1620899 1133140 7129297 0 0 833561 2447943 1093754 1620899 1133140 7129297 2872930 4256367 218107 346764 364134 396849 487388 1813242 0 0 0 0 0 0 0 8942539 588962 0.47597 0.62257 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13883361 221042 -284948 13819455 12688741 313752 880868 13883361 12638063 88334 -37656 12688741 13615144 1412361 -2389442 12638063 10908977 111395 2594772 13615144 0.0 1.0 0.0 false false 219000 7302 211698 211698 Federal Income Taxes LIABILITY UNDER CHARITABLE REMAINDER TRUST 66396 66396 X 6700029 1273900 174663 95890 1544453 5155576 107208 0 107208 5262784 3261993 174663 0 174663 3087330 107208 0 107208 3194538 Schedule D, Part V, Line 4 Intended uses of endowment funds THE ENDOWMENT FUNDS ARE FOR SCHOLARSHIPS, PROFESSORSHIPS, AND OTHER ACADEMIC RELATED ACTIVITIES. 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. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Change in Value in Remainder Trust - 95890 Sparty's Ball 67828 67828 6450 13882 4500 12210 0 0 67828 67828 6450 13882 4500 12210 37042 30786 true UNIVERSITY OF SOUTH CAROLINA UPSTATE 800 UNIVERSITY WAY SPARTANBURG SC 29303 576001153 115 2647924 EDUCATIONAL AND ATHLETIC SUPPORT 1 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds THE FOUNDATION RECEIVES MONTHLY AND PERIODIC REPORTS FROM THE UNIVERSITY OF SOUTH CAROLINA UPSTATE REGARDING THE USE OF FUNDS GIVEN FOR ASSISTANCE. RJ Gimbl Executive Director 0 180454 0 0 0 0 0 35928 0 15256 0 231638 0 0 Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 IS REVIEWED BY MANAGEMENT AND EACH MEMBER OF THE BOARD IS PROVIDED A COPY FOR THEIR REVIEW PRIOR TO FILING WITH THE IRS. Form 990, Part VI, Line 12c Conflict of interest policy Under the terms of the conflict of interest poliicy board must identify any potential conflicts during discussion items. Note is made of any existing conflicts and those board members must recuse themselves from voting or discussing a matter which may present a conflict of interest. This is monitored by the Board Administrator and CEO of the Foundation. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE EXECUTIVE DIRECTOR'S SALARY IS DETERMINED BY THE UNIVERSITY OF SOUTH CAROLINA UPSTATE UNDER THE GUIDELINES ESTABLISHED BY THE UNIVERSITY OF SOUTH CAROLINA. Form 990, Part VI, Line 15b Process to establish compensation of other employees THE EXECUTIVE DIRECTOR'S SALARY IS DETERMINED BY THE UNIVERSITY OF SOUTH CAROLINA UPSTATE UNDER THE GUIDELINES ESTABLISHED BY THE UNIVERSITY OF SOUTH CAROLINA. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION MAKES IT GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, 501c3 DETERMINATION LETTER, FEES POLICY, BYLAWS, AND FINANCIAL STATEMENT AVAILABLE UPON REQUEST AND ON ITS WEBSITE https://www.uscupstate.edu/foundation. Form 990, Part XI, Line 9 Other changes in net assets or fund balances Change in Value in Remainder Trust - 95890; Total - 95890; UNIVERSITY OF SOUTH CAROLINA UPSTATE 800 UNIVERSITY WAY SPARTANBURG SC 29303 576001153 HIGHER EDUCATION SC 115 false USC UPSTATE CAPITAL DEVELOPMENT FOUNDATION 800 UNIVERSITY WAY SPARTANBURG SC 29303 SUPPORTING ORGANIZATION SC 501(c)(3) Type I University of South Carolina Upstate Foundation true false true false false false false false false false false false false false true true false false false false Schedule R, Part II, Column (a) NAME OF RELATED ORGANIZATION: USC UPSTATE CAPITAL DEVELOPMENT FOUNDATION, INC. DIRECT CONTROLLING ENTITY: UNIVERSITY OF SOUTH CAROLINA UPSTATE FOUNDATION, INC