South Carolina State University Real Estate Foundation Inc

The information for South Carolina State University Real Estate Foundation Inc is as of the organization's most recent filing in December '21. This organization is located in Orangeburg, SC. It has been in existence for 14 years, following its founding in 2007.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The South Carolina State University Real Estate Foundation Inc is an organization classified under the NTEE code B19, which falls under the major classification of Education. The minor classification for this organization is Support N.E.C, meaning they provide all forms of support except for financial assistance or fund raising for other organizations within the Education major group area. The C Section Code for this organization is 3, indicating that it is a Religious, Educational, Charitable, Scientific, Literary, Testing for Public Safety, to Foster National or International Amateur Sports Competition, or Prevention of Cruelty to Children or Animals Organization. The mission of the foundation is to exclusively benefit the South Carolina State University by acquiring, constructing, financing, improving, maintaining, operating, managing, and leasing housing facilities for students and faculty of the university, as well as other real property for the sole benefit and support of the university.

Program Areas

The operations of the University Village Student Housing are reported within the general fund. This includes all revenues, support, and functional expenses that are not specifically reported by another fund or program.

Organization Staffing

South Carolina State University Real Estate Foundation Inc is currently being run by Robyn Perrineau-Kendrick, who is the Interim Executive Director. The organization has a small labor force, with only 8 employees. None of these employees are paid over $100k per year. Additionally, the organization has 8 volunteers who support the work of the paid staff.

Board Governance

The South Carolina State University Real Estate Foundation Inc appears to be well-governed based on the information provided. The organization has a total of 8 voting members, all of whom are independent, indicating a diverse and impartial board. The absence of potential conflicts of interest further enhances the organization's governance as it ensures that decisions are made in the best interest of the non-profit and its mission. The fact that board meetings and committee meetings are documented is another positive aspect of the organization's governance. This documentation helps in maintaining transparency and accountability within the organization. It allows for a clear record of discussions, decisions, and actions taken during these meetings, ensuring that all members are informed and involved in the decision-making process. While the organization does not have specific policies in place for conflicts of interest, whistleblower protection, or document retention, the absence of these policies does not necessarily indicate poor governance. However, it would be beneficial for the organization to consider implementing such policies in the future to further strengthen its governance practices. Overall, the South Carolina State University Real Estate Foundation Inc demonstrates a good level of governance based on the information provided. The presence of independent members, documented meetings, and the absence of conflicts of interest contribute to the organization's effective governance and its ability to fulfill its mission efficiently.

Organization Growth

The South Carolina State University Real Estate Foundation Inc has experienced some changes in its financial and operational aspects over the given time period. In terms of contributions and grants received, there was a decrease from $125 in 2018 to $0 in 2021, which may indicate a decline in external support. Program service revenue also decreased from $1.9 million in 2018 to $1.3 million in 2021, suggesting a decrease in the organization's program activities. Investment income and other revenue were not meaningful over this time period. Total revenue decreased from $2.0 million in 2018 to $1.3 million in 2021, reflecting a decline in overall financial resources. However, employee salaries increased from $175.5 thousand in 2018 to $303.5 thousand in 2021, indicating potential growth in the organization's workforce. Total expenses decreased from $2.2 million in 2018 to $2.0 million in 2021, suggesting some cost-cutting measures. The total number of employees decreased from 16 in 2018 to 8 in 2021, while the number of volunteers increased from 0 in 2018 to 8 in 2021, although these figures may not be meaningful in assessing the organization's growth. Overall, the South Carolina State University Real Estate Foundation Inc has experienced a decrease in revenue and expenses, with some changes in staffing and volunteer numbers.