Nonprofit · EIN 23-7042391
UNIVERSITY OF SOUTH CAROLINA BUSINESS PARTNERSHIP FOUNDATION
Tax-exempt · COLUMBIA, SC 29208
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $17,296,737 | $15,554,873 | $1,741,864 | $173,203,251 | $946,834 | $172,256,417 |
| June 30, 2024 | 990 | $19,424,232 | $13,599,885 | $5,824,347 | $159,371,587 | $1,661,139 | $157,710,448 |
| June 30, 2023 | 990 | $14,954,179 | $12,016,856 | $2,937,323 | $142,089,289 | $677,020 | $141,412,269 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $5,968,772
- Program service revenue
- $4,702,973
- Investment income
- $6,576,947
- Net rental income
- $48,045
- Net gain from sales of assets
- $3,832,067
- Other revenue
- $48,045
Expenses
- Grants and similar amounts paid
- $5,171,361
- Compensation of officers, directors and key employees
- $668,817
- Other salaries and wages
- $2,853,662
- Salaries, compensation and benefits (total)
- $4,337,531
- Professional fundraising fees
- $0
- Legal fees
- $71,727
- Accounting fees
- $42,749
- Occupancy
- $305,580
- Travel
- $778,830
- Program services (functional)
- $14,361,342
- Management and general (functional)
- $1,193,531
Balance sheet and other
- Total assets, start of year
- $159,371,587
- Total assets, end of year
- $173,203,251
- Total liabilities, end of year
- $946,834
- Net assets, end of year
- $172,256,417
- Net assets without donor restrictions
- $84,680,714
- Net assets with donor restrictions
- $87,575,703
- Gross receipts
- $24,531,907
- Employees
- 21
- Volunteers
- 50
- Year formed
- 1969
- State of legal domicile
- SC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID PARKER | TREASURER/VICE PRESIDENT (NON VOTING) Officer | 40 | $182,120 | $45,328 |
| SUSAN COTTER | CHIEF EXTERNAL RELATIONS OFFICER Highest-paid employee | 40 | $194,637 | $23,559 |
| JEAN E DUKE | SECRETARY/PRESIDENT (NONVOTING) Officer | 40 | $179,142 | $31,106 |
| MARK CECCHINI | PRESIDENT - CORPORATE SOLUTIONS Highest-paid employee | 40 | $147,231 | $11,908 |
| ELIZABETH TUCKER | DIRECTOR OF BUSINESS OPERATIONS Highest-paid employee | 40 | $123,319 | $26,907 |
| DEVIN DAVIDSON | DIRECTOR OF ACCOUNTING Highest-paid employee | 40 | $123,880 | $21,174 |
| TREY ACKERMAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| THE HONORABLE JAMES H HODGES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CARLTON B DALLAS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| STEVE H GRIMSHAW | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROSE BUYCK NEWTON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LORI HAIR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHAEL BRENAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WALTER B TODD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN M FLORENCE JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LLOYD E JOHNSON | TRUSTEE Trustee or director | 1 | $0 |
| IRIS GRIFFIN | TRUSTEE Trustee or director | 1 | $0 |
| D ROGER NANNEY | CHAIR Trustee or director, Officer | 1 | $0 |
| CHARLES W GARNETT | IMMEDIATE PAST CHAIR Trustee or director, Officer | 1 | $0 |
| BRUCE FELT | VICE CHAIR Trustee or director, Officer | 1 | $0 |
990 for the year ended June 30, 2024: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARK CECCHINI | PRESIDENT - CORPORATE SOLU Highest-paid employee | 40 | $213,313 | $11,715 |
| DAVID PARKER | VICE PRESIDENT Officer | 40 | $171,588 | $41,270 |
| JEAN E DUKE | SECRETARY/PRESIDENT (NONVOTING) Officer | 40 | $179,180 | $29,656 |
| ELIZABETH TUCKER | DIRECTOR OF BUSINESS OPERATIONS Highest-paid employee | 40 | $122,339 | $24,450 |
| DEVIN DAVIDSON | DIRECTOR OF ACCOUNTING Highest-paid employee | 40 | $114,234 | $12,116 |
| TREY ACKERMAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN M FLORENCE JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| STEVE H GRIMSHAW | TRUSTEE Trustee or director | 1 | $0 | $0 |
| THE HONORABLE JAMES H HODGES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CARLTON B DALLAS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| IRIS GRIFFIN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ROSE BUYCK NEWTON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LLOYD E JOHNSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHAEL BRENAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| REGINALD MCKNIGHT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHAEL MIZEUR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| D ROGER NANNEY | CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| BRUCE FELT | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| CHARLES W GARNETT | IMMEDIATE PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JEAN E DUKE | SECRETARY/PRESIDENT (NONVOTING) Trustee or director, Officer | 40 | $205,118 | $38,220 |
| MARK CECCHINI | PRESIDENT - CORPORATE SOLUTIONS Highest-paid employee | 40 | $201,000 | $11,221 |
| DAVID PARKER | VICE PRESIDENT Officer | 40 | $160,703 | $45,365 |
| ELIZABETH TUCKER | DIRECTOR OF BUSINESS OPERATIONS Highest-paid employee | 40 | $115,554 | $23,273 |
| TREY ACKERMAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN M FLORENCE JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| STEVE H GRIMSHAW | TRUSTEE Trustee or director | 1 | $0 | $0 |
| THE HONORABLE JAMES H HODGES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CARLTON B DALLAS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| REGINALD B MCKNIGHT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROSE BUYCK NEWTON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LLOYD E JOHNSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHAEL BRENAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHAEL MIZEUR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WALTER L DAVIS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MACK I WHITTLE JR | TR Trustee or director | 1 | $0 | $0 |
| D ROGER NANNEY | CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| BRUCE FELT | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| IRIS N GRIFFIN | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| CHARLES W GARNETT | IMMEDIATE PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1014 GREENE ST, COLUMBIA, SC 29208-4011
- Principal officer (990 for 2024)
- DAVID F PARKER, 1014 GREENE STREET, COLUMBIA, SC 29208
- Signed the 990
- DAVID F PARKER, VICE PRESIDENT
- Phone
- (803) 777-0233
- Return prepared by
- ELLIOTT DAVIS ADVISORY LLC
Mission
TO BUILD AN ENDOWMENT FUND AND SUPERVISE ITS CREATIVE MANAGEMENT. TO ASSIST IN DETERMINING APPROPRIATE PROJECTS AND TO BE FINANCED WITH FUNDS RAISED. TO ENCOURAGE AND ASSIST IN SUPPORTING RESEARCH IN BUSINESS AND ECONOMIC PROBLEMS. TO ASSIST IN CONDUCTING CONFERENCES FOR EDUCATION AND DEVELOPMENT OF MANAGEMENT PERSONNEL WORLDWIDE.
Program accomplishments
- CONTINUING EDUCATION: CONTINUING EDUCATION AND EDUCATIONAL PROGRAMS ACTIVITIES SEEK TO PROVIDE WORLD-CLASS BUSINESS EDUCATION TAILORED TO THE NEEDS OF OUR CUSTOMERS, BUILD CLOSER RELATIONSHIPS WITH KEY CORPORATE SUPPORTERS OF THE DARLA MOORE SCHOOL OF BUSINESS, AND TO RECRUIT AND RETAIN TOP FACULTY BY PROVIDING PROFESSIONAL DEVELOPMENT OPPORTUNITIES. THE EDUCATIONAL PROGRAMS EQUIP BUSINESS PROFESSIONALS WITH KNOWLEDGE AND SKILLS TO BETTER PERFORM THEIR JOBS AND DEVELOP MANAGERS TO LEAD MORE EFFECTIVELY.Expenses $4,597,806 · revenue $4,702,973
- ACADEMIC SUPPORT: THE FOUNDATION PROVIDES DEPARTMENTS WITH THE RESOURCES NEEDED TO ENGAGE IN BUSINESS RESEARCH, RECRUIT AND RETAIN FACULTY, HOST VISITING PROFESSORS, FUND DISTINGUISHED CHAIRS, AND ENGAGE IN OTHER INITIATIVES DESIGNED TO ENHANCE THE EDUCATION AND ACTIVITIES OF THE STUDENTS AS WELL AS THE REPUTATION OF THE DARLA MOORE SCHOOL OF BUSINESS.Expenses $2,902,201 · grants $1,239,942
- SCHOLARSHIPS AND STUDENT ASSISTANCE: THE FOUNDATION UTILIZES ENDOWMENTS AND OTHER FUNDS TO PROVIDE SCHOLARSHIPS AND FELLOWSHIPS TO STUDENTS OF THE DARLA MOORE SCHOOL OF BUSINESS IN ORDER TO AWARD HIGH ACHIEVING SCHOLARS AND ATTRACT THEM TO THE SCHOOL, ASSIST FIRST GENERATION STUDENTS AND STUDENTS WITH FINANCIAL NEED IN ACCESSING AN EDUCATION AT THE DARLA MOORE SCHOOL OF BUSINESS, PROVIDE STUDY ABROAD OPPORTUNITIES, AND OTHERWISE SUPPORT STUDENTS BY ENRICHING THEIR COLLEGE EDUCATION AND MAKING IT MORE AFFORDABLE.Expenses $3,801,708 · grants $3,602,696
- EXTERNAL RELATIONS: THE FOUNDATION SUPPORTS THE DARLA MOORE SCHOOL OF BUSINESS IN CONDUCTING CONFERENCES, SEMINARS, AND MANAGEMENT PROGRAMS TO FURTHER THE EDUCATION, DEVELOPMENT AND EFFECTIVENESS OF BUSINESS PROFESSIONALS AND SCHOLARS WORLDWIDE. ENGAGES ALUMNI OF THE DARLA MOORE SCHOOL OF BUSINESS THROUGH EVENTS, LEADERSHIP RECOGNITION AWARDS, AND THROUGH THE CREATION OF A BOARD OF ADVISORS TO THE FOUNDATION. EXTERNAL RELATIONS PROGRAMS ALSO FOCUS ON OUTREACH TO THE BUSINESS COMMUNITY TO STRENGTHEN AND EXPAND PARTNERSHIPS FOR THE BENEFIT OF THE DARLA MOORE SCHOOL OF BUSINESS THROUGH THE BOARD OF TRUSTEES AND BOARD OF ADVISORS.Expenses $3,059,627 · grants $328,723
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7042391
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1969
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $173,203,251
- Income (IRS master file)
- $24,531,907
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $17,296,737 | $15,554,873 | $173,203,251 | XML |
| 990 | June 2024 | $19,424,232 | $13,599,885 | $159,371,587 | IRS |
| 990 | June 2023 | $14,954,179 | $12,016,856 | $142,089,289 | XML |
| 990 | June 2022 | $17,993,004 | $10,376,415 | $128,044,992 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7042391).
Questions about UNIVERSITY OF SOUTH CAROLINA BUSINESS PARTNERSHIP FOUNDATION
- What is the EIN of UNIVERSITY OF SOUTH CAROLINA BUSINESS PARTNERSHIP FOUNDATION?
- The employer identification number (EIN) of UNIVERSITY OF SOUTH CAROLINA BUSINESS PARTNERSHIP FOUNDATION is 23-7042391.
- Is UNIVERSITY OF SOUTH CAROLINA BUSINESS PARTNERSHIP FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1969.
- Are donations to UNIVERSITY OF SOUTH CAROLINA BUSINESS PARTNERSHIP FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does UNIVERSITY OF SOUTH CAROLINA BUSINESS PARTNERSHIP FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of UNIVERSITY OF SOUTH CAROLINA BUSINESS PARTNERSHIP FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did UNIVERSITY OF SOUTH CAROLINA BUSINESS PARTNERSHIP FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of UNIVERSITY OF SOUTH CAROLINA BUSINESS PARTNERSHIP FOUNDATION?
- The 990 for the year ended June 30, 2025 names DAVID F PARKER.
- Who are the officers and directors of UNIVERSITY OF SOUTH CAROLINA BUSINESS PARTNERSHIP FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 20 people; 6 received compensation from the organization, the highest $182,120 (DAVID PARKER, TREASURER/VICE PRESIDENT (NON VOTING)).
- How much revenue does UNIVERSITY OF SOUTH CAROLINA BUSINESS PARTNERSHIP FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $17,296,737, expenses of $15,554,873 and total assets of $173,203,251 at year end.
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