Pcsc Foundation
- Assets
- $37.3m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Columbia, SC
- Founding
- 04/2010
- Data as of
- 12/2021
- EIN
- 37-1566967
Organization Overview
Pcsc Foundation is located in Columbia, SC. The organization was established in 2010. According to its NTEE Classification (I11) the organization is classified as: Single Organization Support, under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pcsc Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Pcsc Foundation generated $2.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $2.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE ASSISTANCE TO THE RETIREMENT COMMUNITIES AND HEALTH FACILITIES OWNED, OPERATED, OR MANAGED BY PRESBYTERIAN COMMUNITIES OF SOUTH CAROLINA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDING FOR CHARITABLE CARE (PRESBYTERIAN COMMUNITIES OF SC). EACH YEAR THE ORGANIZATION FUNDS SUBSTANTIALLY ALL THE CHARITABLE CARE PROVIDED BY PRESBYTERIAN COMMUNITIES OF SOUTH CAROLINA TO ITS RESIDENTS IN FINANCIAL NEED. IN 2021 PRESBYTERIAN COMMUNITIES OF SC PROVIDED $692,279 TO 17 QUALIFIED RESIDENTS WHO HAVE, THROUGH NO FAULT OF THEIR OWN, EXHAUSTED THEIR RESOURCES AND DEPEND ON OTHERS TO REMAIN IN OUR COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Stanley Dir. Of Foundation/secretary | Officer | 39 | $84,519 |
Rev Dr L Franklin Fant Jr Executive Director | Officer | 1 | $0 |
W Chad Melven CPA Treasurer | Officer | 1 | $0 |
Mark Clary Director | Trustee | 1 | $0 |
Dr Stacey Van Pelt Brennan Director | Trustee | 1 | $0 |
Martha Casto Director/secretary | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,527,424 |
| Noncash contributions included in lines 1a–1f | $31,043 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,527,424 |
| Total Program Service Revenue | $0 |
| Investment income | $1,080,060 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $306,837 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,914,321 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,275,382 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,275,382 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,626,285 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $23,715,275 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,001,149 |
| Total assets | $37,342,709 |
| Accounts payable and accrued expenses | $629 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,934,554 |
| Total liabilities | $2,935,183 |
| Net assets without donor restrictions | $14,916,880 |
| Net assets with donor restrictions | $19,490,646 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $37,342,709 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Pcsc Foundation has recieved totaling $65,000.
| Awarding Organization | Amount |
|---|---|
Simpson Foundation Detroit, MI PURPOSE: SUPPORT OF DAILY OPERATIONS | $35,000 |
Harvest Charities Las Vegas, NV PURPOSE: GENERAL SUPPORT | $30,000 |
Endowment Analysis
| Beg. Balance | $15,240,195 |
| Earnings | $1,079,069 |
| Admin Expense | $1,079,069 |
| Net Contributions | $474,317 |
| Ending Balance | $15,714,512 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Atlanta Police Foundation Inc Atlanta, GA | $28,296,920 | $12,116,561 |
Davidson County Public Facilities Corporation Lexington, NC | $78,245,000 | $2,606,950 |
Pcsc Foundation Columbia, SC | $37,342,709 | $2,914,321 |
Mecklenburg Bar Foundation Charlotte, NC | $4,206,674 | $398,083 |
Lexington County Sheriffs Foundation Lexington, SC | $250,765 | $0 |
North Carolina State Bar Foundation Inc Raleigh, NC | $1,618,075 | $309,833 |
Sheriffs Foundation Of York County Inc York, SC | $207,607 | $0 |
Sheldons K9s Inc China Grove, NC | $87,048 | $0 |
Dekalb County Dui Court Foundation Inc Decatur, GA | $4,810 | $0 |