2024-05-14T06:47:53-07:00 2023-06-30 570957419 The Hobbs Group PA 1704 Laurel Street Columbia SC 29201 990 2022-07-01 570880832 South Carolina Universities Research & Education Foundation SOUT 8036424187 1204 Whiskey Road F Aiken SC 29803 LADONNA HALL FINANCIAL MANAGER 2024-05-13 true LADONNA HALL 999009999 true Mark T Hobbs CPA CFF P00243140 8037990555 2 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z LADONNA HALL 2079433 false X www.scuref.org X 1988 SC THE FOUNDATION IS ORGANIZED TO SUPPORT THREE SOUTH CAROLINA UNIVERSITIES THAT PROVIDE RESEARCH FOR VARIOUS GOVERNMENT AGENCIES SUCH AS DEPARTMENT OF ENERGY, DEPARTMENT OF HOMELAND SECURITY, ETC. PRIMARILY IN THE NUCLEAR AREA. 5 5 5 0 222425 1844532 234901 0 0 222425 2079433 0 0 199713 361716 0 0 100230 1707413 299943 2069129 -77518 10304 282676 296166 31705 34891 250971 261275 THE FOUNDATION IS ORGANIZED AND OPERATES AS A SUPPORT ORGANIZATION PRIMARILY TO PROVIDE ASSISTANCE TO CLEMSON UNIVERSITY, UNIVERSITY OF SOUTH CAROLINA, AND UNIVERSITY OF SOUTH CAROLINA AIKEN IN THEIR SEPARATE AND JOINT EFFORTS TO PROVIDE RESEARCH TO VARIOUS GOVERNMENT AGENCIES SUCH AS THE DEPARTMENT OF ENERGY, SAVANNAH RIVER NUCLEAR SOLUTIONS, DEPARTMENT OF HOMELAND SECURITY, ETC. TO THIS END, THE FOUNDATION OPERATES EXCLUSIVELY FOR THE BENEFIT OF, OR TO CARRY OUT THE PURPOSE OF, THE MEMBER UNIVERSITIES, INCLUDING, BUT NOT LIMITED TO:(1) PROVIDING FISCAL, CUSTODIAL AND ACCOUNTING SERVICES IN CONNECTION WITH UNIVERSITY RESEARCH, AND GENERALLY ASSISTING IN THE ADMINISTRATION AND COORDINATION OF EDUCATIONAL ACTIVITIES AND RESEARCH PERFORMED BY THE MEMBER UNIVERSITIES;(2) GENERALLY ENCOURAGING FINANCIAL ASSISTANCE AND PUBLIC SUPPORT FOR UNIVERSITY RESEARCH AND EDUCATION;(3) INTERFACING WITH CUSTOMER BASE ON BEHALF OF MEMBER UNIVERSITIES TO ASSIST IN ACQUIRING FUNDING FOR VARIOUS RESEARCH A false false 1025896 129476 RICKOVER FELLOWSHIP PROGRAM (NRLF) - THE FOUNDATION ENTERED INTO CONTRACT DE-NR0000633 WITH THE U.S. DEPARTMENT OF ENERGY NAVAL REACTORS LABORATORY FIELD OFFICE. THESE GRANT FUNDS ARE TO BE USED IN THE SUPPORT OF RESEARCH AND DEVELOPMENT, EQUIPMENT UPGRADES, AND STUDENT FINANCIAL SUPPORT. THESE FUNDS MAY PROVIDE FOR: SALARIES, MATERIALS,SUPPLIES, EQUIPMENT, TRAVEL, PUBLICATION COSTS, SUPPORTING COSTS REQUIRED FOR TECHNICAL ACTIVITIES, MARKET ANALYSES, FINANCING PLANS, AND OTHER ACTIVITIES NECESSARY TO ACHIEVE THE PROGRAM'S OBJECTIVE. 797711 105425 SAVANNAH RIVER NUCLEAR SOLUTIONS (BOA139) - THE FOUNDATION ENTERED INTO A SUBCONTRACT WITH SAVANNAH RIVER NUCLEAR SOLUTIONS. THE FOUNDATION PROVIDES RESEARCH AND DEVELOPMENT AND TRAINING SERVICES TO SUPPORT THE SITE'S ENVIRONMENTAL RESTORATION, WASTE MANAGEMENT, TECHNOLOGY TRANSFER, ECONOMIC DEVELOPMENT, EDUCATION AND TRAINING MISSIONS, AND ACTIVITIES RELATED TO NEW MISSIONS AT THE SITE. 1823607 true false false false false false false false false false false false false false false true true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false true X 35 0 true 5 true false false false false false false false 0 false false false false false false false X 5 5 false false false false true false false true true false false true true true true true true true true false SC X LADONNA HALL 8036424187 1204 Whiskey Rd Ste F Aiken SC 29803 Craig Williamson COO 40.00 0.00 X 189196 0 0 Travis Knight Chairman 1.00 0.00 X X 0 0 0 Tanju Karanfil Secretary 1.00 0.00 X X 0 0 0 Elbert R Malone Treasurer 1.00 0.00 X X 0 0 0 189196 1 false true false 0 1844532 1844532 Naval Reactors Laboratory 129476 129476 Savannah River Nuclear 105425 105425 234901 0 0 0 0 0 0 0 0 0 2079433 234901 0 0 0 0 189196 110279 78917 0 95804 55843 39961 0 76716 46734 29982 0 0 0 0 0 0 0 74704 24000 50704 0 0 0 0 9704 9704 87084 77957 9127 0 0 0 0 0 7329 7329 Stipends 814925 814925 Tuition & Fees 684159 684159 Telephone 8644 4060 4584 Office Supplies 7627 7627 13237 5650 7587 2069129 1823607 245522 0 118919 189068 0 0 155477 97961 0 0 0 0 8280 9137 0 0 0 0 0 0 282676 296166 31705 34891 31705 34891 X 250971 261275 250971 261275 282676 296166 10304 X true X true X true true true X 2375004 2184570 1988570 222425 1844532 8615101 0 0 2375004 2184570 1988570 222425 1844532 8615101 0 8615101 0 0 0 8615101 1.00000 1.00000 X X 2079433 2079433 2079433 2069129 2069129 2069129 Part X : FIN48 Footnote THE FOUNDATION HAS RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE (IRS) INDICATING IT IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS SUBJECT TO FEDERAL INCOME TAX ONLY ON NET UNRELATED BUSINESS INCOME. MANAGEMENT IS NOT AWARE OF ANY TRANSACTIONS WHICH WOULD JEOPARDIZE THEIR TAX-EXEMPT STATUS.ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES MANAGEMENT TO EVALUATE TAX POSITIIONS TAKEN BY THE FOUNDATION AND TO RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKLEY THAN NOT WOULD NOT BE SUBSTANTIATED UPON EXAMINATION BY THE IRS. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION AND HAS CONCLUDED THAT AS OF JUNE 30, 2023 AND 2022, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR FISCAL YEARS PRIOR TO 2020. U.S. STATE JURISDICTIONS HAVE STATUTES OF LIMITATIONS THAT GENERALLY RANGE FROM THREE TO FIVE YEARS. X false false false false false false false false false Craig Williamson COO 189196 189196 Form 990, Part VI, Section A, Line 6 THE ORGANIZATION HAS THREE MEMBERS WHICH CONSIST OF CLEMSON UNIVERSITY, UNIVERSITY OF SOUTH CAROLINA AND UNVERSITY OF SOUTH CAROLINA AIKEN. THE MEMBERS' PRIMARY RESPONSIBILITY IS TO SUBMIT PROPOSALS ON RESEARCH CONTRACTS. THE MEMBERS DO NOT ELECT MEMBERS OF THE GOVERNING BODY. SOUTH CAROLINA UNIVERSITIES RESEARCH & EDUCATION FOUNDATION MAKES DAY-TO-DAY BUSINESS OPERATING DECISIONS. Form 990, Part VI, Section B, Line 11b IN 2007 THE BOARD OF TRUSTEES OF THE SOUTH CAROLINA UNIVERSITIES RESEARCH & EDUCATION FOUNDATION APPROVED THAT THE CHIEF OPERATING OFFICER HAS THE AUTHORITY OF THE BOARD TO FILE ALL TAX FORMS ON BEHALF OF THE FOUNDATION. THE CHIEF OPERATING OFFICER AND STAFF REVIEW A DRAFT OF FORM 990 SUBMITTED BY AUDITORS, RECOMMENDS CHANGES AND REVIEWS THE FINAL FORM 990 BEFORE APPROVAL AND SUBMITTAL. Form 990, Part VI, Section B, Line 12c SOUTH CAROLINA UNIVERSITIES RESEARCH & EDUCATION FOUNDATION REQUESTS AT ANNUAL MEETINGS EACH YEAR DISCLOSURE OF ALL RELATED ENTITIES AND TRANSACTIONS. ANY CONFLICTS NOTED ARE DISCUSSED AND APPROPRIATE ACTION TAKEN, IF DEEMED NECESSARY. Form 990, Part VI, Section B, Line 15a SOUTH CAROLINA UNIVERSITIES RESEARCH & EDUCATION FOUNDATION DOCUMENTS COMPENSATION AMOUNTS THAT MUST BE APPROVED BY THE BOARD OF TRUSTEES. THE CHIEF FINANCIAL OFFICER AND THE CHIEF OPERATING OFFICERS' SALARIES ARE APPROVED BY THE BOARD OF TRUSTEES. Form 990, Part VI, Section C, Line 19 SOUTH CAROLINA UNIVERSITIES RESEARCH & EDUCATION FOUNDATION'S GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE ON THE FOUNDATION'S WEBSITE. ADDITIONAL INFORMATION ATTACHING A NOTE TO THIS RETURN TO LET THE SERVICE KNOW THAT THIS RETURN IS BEING FILED ON THE DUE DATE OF 5/15/2023, BUT THE RETURN MAY NEED TO BE AMENDED.THE REASON FOR THE POTENTIAL AMENDMENT IS DUE TO THE FACT THAT AN AUDIT HAS NOT BEEN COMPLETED AND THE NUMBERS REPRESENTED ON THE RETURN MAY NOT BE THE FULL REPRESENTATION OF THE NON PROFIT FOR THE TAX YEAR ENDING 6/30/2022.ONCE THE AUDIT IS COMPLETE, AN AMENDED RETURN MAY BE NECESSARY TO ACCURATLEY REPORT THE ACTIVITY OF THE NON PROFIT FOR THE TAX YEAR.