Tri-County Technical College Foundation Inc
- Assets
- $70.9m
- Revenue
- $12.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Pendleton, SC
- Founding
- 10/1982
- Data as of
- 06/2021
- EIN
- 57-0734955
Organization Overview
Tri-County Technical College Foundation Inc is located in Pendleton, SC. The organization was established in 1982. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tri-County Technical College Foundation Inc 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 06/2021, Tri-County Technical College Foundation Inc generated $12.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 32.8% each year . All expenses for the organization totaled $2.7m during the year ending 06/2021. While expenses have increased by 7.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
THE FOUNDATION SUPPORTS THE ADVANCEMENT OF TRI-COUNTY TECHNICAL COLLEGE BY FUNDING STUDENT SCHOLARSHIPS, PROVIDING EDUCATIONAL SUPPORT TO THE COLLEGE, AND PROMOTING OTHER ACTIVITIES IN SUPPORT OF THE COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL SUPPORT PROVIDED TO TRI-COUNTY TECHNICAL COLLEGE.
SCHOLARSHIPS PROVIDED TO QUALIFYING STUDENTS OF TRI-COUNTY TECHNICAL COLLEGE.
PROFESSIONAL DEVELOPMENT.
EXPENSES RELATED TO FACILITIES OF ANDERSON/PENDLETON CAMPUS AND PLEDGE DISCOUNT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Grayson Kelly Executive Di | Officer | 40 | $0 |
Dave Eldridge Director | Trustee | 1 | $0 |
Michael Fee Director | Trustee | 1 | $0 |
Bill Harley Director | Trustee | 1 | $0 |
Marcia T Hydrick Director | Trustee | 1 | $0 |
Tom O'hanlan Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,489,595 |
| Investment income | $8,288,353 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$15,150 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,246,442 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $520,984 |
| 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 to disqualified persons | $0 |
| Other salaries and wages | $110,643 |
| 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 | $10,147 |
| Advertising and promotion | $0 |
| Office expenses | $672 |
| Information technology | $10,728 |
| Royalties | $0 |
| Occupancy | $30,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $724 |
| Interest | $755,373 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $914,955 |
| Insurance | $5,540 |
| All other expenses | $0 |
| Total functional expenses | $2,731,590 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,850,365 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $243,610 |
| 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 |
| Investments—publicly traded securities | $34,970,135 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $257,101 |
| Total assets | $70,893,978 |
| Accounts payable and accrued expenses | $321,604 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $23,254,610 |
| 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 | $0 |
| Total liabilities | $23,576,214 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $47,317,764 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Tri-County Technical College Foundation Inc has recieved totaling $167,903.
| Awarding Organization | Amount |
|---|---|
Charles A Cannon Charitable Trust N0 One Concord, NC PURPOSE: OCONEE HALL RENOVATION | $110,000 |
At&t Foundation Dallas, TX PURPOSE: EDUCATION | $15,000 |
Oconee Federal Charitable Foundation Inc Seneca, SC PURPOSE: GENERAL CHARITABLE USES | $10,000 |
Gambrill Foundation Las Vegas, NV PURPOSE: EDUCATIONAL OPPORTUNITIES | $10,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $7,000 |
Endowment Analysis
| Beg. Balance | $27,999,442 |
| Earnings | $8,231,551 |
| Admin Expense | -$163,850 |
| Net Contributions | $404,958 |
| Other Expense | -$571,594 |
| Ending Balance | $35,900,507 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Emory University Decatur, GA | $5,794,825 | $19,416,810 |
Gamecock Club Of The University Of South Carolina Columbia, SC | $10,628,340 | $13,135,992 |
School Of Media And Journalism Foundation Of North Carolina Inc Chapel Hill, NC | $50,008,414 | $6,859,944 |
Western Carolina University Foundation Cullowhee, NC | $76,335,154 | $7,286,676 |
South Carolina Research Foundation Columbia, SC | $3,435,168 | $5,813,160 |
Skema Us Inc Raleigh, NC | $4,455,636 | $4,986,543 |
Francis Marion University Education Foundation Florence, SC | $42,548,999 | $7,093,077 |
Winthrop University Foundation Rock Hill, SC | $89,194,270 | $7,336,925 |
University Of St Andrews American Foundation Inc Atlanta, GA | $4,257,429 | $5,837,000 |
Emory University Decatur, GA | $5,755,705 | $3,178,189 |
Tri-County Technical College Foundation Inc Pendleton, SC | $70,893,978 | $12,246,442 |
Emory University Decatur Raod, GA | $28,408,152 | $5,749,400 |