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Nonprofit · EIN 57-0428046

THE EDUCATIONAL FOUNDATION OF THE UNIVERSITY OF SOUTH CAROLINA LANCA

Tax-exempt · LANCASTER, SC 29721

Financials

$1.7M$1.1M2022$2.1M$1.2M2023$1.7M$1M2024
Revenue Expenses · by fiscal year end
Financials of THE EDUCATIONAL FOUNDATION OF THE UNIVERSITY OF SOUTH CAROLINA LANCA by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$1,666,727$1,033,926$632,801$20,606,500$897,806$19,708,694
June 30, 2024990$2,050,388$1,217,480$832,908$19,446,606$1,320,622$18,125,984
June 30, 2023990$1,690,083$1,122,824$567,259$18,250,361$1,705,954$16,544,407
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$1,107,301
of which government grants
$628,589
Program service revenue
$0
Investment income
$490,081
Net rental income
$9,250
Net gain from sales of assets
$284,632
Other revenue
$69,345

Expenses

Grants and similar amounts paid
$401,688
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$22,360
Occupancy
$148,589
Depreciation
$213,863
Program services (functional)
$862,936
Management and general (functional)
$170,990

Balance sheet and other

Total assets, start of year
$19,446,606
Total assets, end of year
$20,606,500
Total liabilities, end of year
$897,806
Net assets, end of year
$19,708,694
Land, buildings and equipment
$6,038,811
Publicly traded securities
$13,922,811
Net assets without donor restrictions
$7,457,021
Net assets with donor restrictions
$12,251,673
Gross receipts
$1,666,727
Employees
0
Volunteers
10
Year formed
1963
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.

NameTitleHours / weekCompensation
CHARLENE MCGRIFFPRESIDENT
Trustee or director, Officer
1$0
DAVID TOLSONFINANCE CHAIR
Trustee or director, Officer
1$0
PAMELA STEWARTSECRETARY
Trustee or director, Officer
1$0
STEVE WILLISPRESIDENT - ELECT
Trustee or director, Officer
1$0
BEVERLY ADAMSDIRECTOR
Trustee or director
1$0
Billy HoggeDIRECTOR
Trustee or director
1$0
ELIZABETH HYATTDIRECTOR
Trustee or director
1$0
Marsha PattersonDIRECTOR
Trustee or director
1$0
Melissa ThorntonDIRECTOR
Trustee or director
1$0
Sherri GregoryDIRECTOR
Trustee or director
1$0
990 for the year ended June 30, 2024: 13 people
NameTitleHours / weekCompensation
CHARLENE MCGRIFFPRESIDENT
Trustee or director, Officer
1$0
DAVID TOLSONFINANCE CHAIR
Trustee or director, Officer
1$0
PAMELA STEWARTSECRETARY
Trustee or director, Officer
1$0
STEVE WILLISPRESIDENT - ELECT
Trustee or director, Officer
1$0
BEVERLY ADAMSDIRECTOR
Trustee or director
1$0
BILLY HOGGEDIRECTOR
Trustee or director
1$0
BOBBY BAILEYDIRECTOR (July-Dec 2023)
Trustee or director
1$0
DAVID FUNDERBURKDIRECTOR
Trustee or director
1$0
ELIZABETH HYATTDIRECTOR
Trustee or director
1$0
MELISSA THORNTONDIRECTOR
Trustee or director
1$0
RANDY NEWMANDIRECTOR
Trustee or director
1$0
RICHARD WARRINDIRECTOR
Trustee or director
1$0
STEVE SHERRILLDIRECTOR
Trustee or director
1$0
990 for the year ended June 30, 2023: 14 people
NameTitleHours / weekCompensation
STEVE SHERRILLPRESIDENT
Trustee or director, Officer
1$0
CHARLENE MCGRIFFPRESIDENT-ELECT
Trustee or director, Officer
1$0
DAVID TOLSONFINANCE CHAIR
Trustee or director, Officer
1$0
MARSHA PATTERSONSECRETARY
Trustee or director, Officer
1$0
BEVERLY ADAMSDIRECTOR
Trustee or director
1$0
BOBBY BAILEYDIRECTOR
Trustee or director
1$0
BOB COOKDIRECTOR
Trustee or director
1$0
BOBBY LEGGDIRECTOR
Trustee or director
1$0
RANDY NEWMANDIRECTOR
Trustee or director
1$0
PAMELA STEWARTDIRECTOR
Trustee or director
1$0
MELISSA THORNTONDIRECTOR
Trustee or director
1$0
RICHARD WARRINDIRECTOR
Trustee or director
1$0
STEVE WILLISDIRECTOR
Trustee or director
1$0
BARRY FAILEDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
PO BOX 889, LANCASTER, SC 29721-0889
Principal officer (990 for 2024)
CHARLENE MCGRIFF, PO BOX 889, LANCASTER, SC 29721
Signed the 990
CHARLENE MCGRIFF, President
Phone
(803) 313-7471
Return prepared by
Forvis Mazars LLP

Mission

THE MISSION OF THE EDUCATIONAL FOUNDATION OF UNIVERSITY OF SOUTH CAROLINA LANCASTER IS TO SOLICIT, RECEIVE, MANAGE AND DISBURSE FUNDS FOR THE ADVANCEMENT OF THE INTERESTS OF THE UNIVERSITY OF SOUTH CAROLINA LANCASTER.

990 for the year ended June 30, 2025

Program accomplishments

  • AID THE UNIVERSITY IN ACHIEVING ITS MISSION THROUGH THE ESTABLISHMENT/IMPLEMENTATION OF LONG-RANGE FUNDRAISING PROGRAMS.
    Expenses $862,936 · grants $401,688 · revenue $69,345

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 yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
57-0428046
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1964
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B82Z)
Assets (IRS master file)
$20,606,500
Income (IRS master file)
$1,666,727

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$1,666,727$1,033,926$20,606,500IRS
990June 2024$2,050,388$1,217,480$19,446,606IRS
990June 2023$1,690,083$1,122,824$18,250,361XML
990June 2022$1,912,882$913,559$17,223,901IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 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 57-0428046).

Questions about THE EDUCATIONAL FOUNDATION OF THE UNIVERSITY OF SOUTH CAROLINA LANCA

What is the EIN of THE EDUCATIONAL FOUNDATION OF THE UNIVERSITY OF SOUTH CAROLINA LANCA?
The employer identification number (EIN) of THE EDUCATIONAL FOUNDATION OF THE UNIVERSITY OF SOUTH CAROLINA LANCA is 57-0428046.
Is THE EDUCATIONAL FOUNDATION OF THE UNIVERSITY OF SOUTH CAROLINA LANCA tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1964.
Are donations to THE EDUCATIONAL FOUNDATION OF THE UNIVERSITY OF SOUTH CAROLINA LANCA tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does THE EDUCATIONAL FOUNDATION OF THE UNIVERSITY OF SOUTH CAROLINA LANCA 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 THE EDUCATIONAL FOUNDATION OF THE UNIVERSITY OF SOUTH CAROLINA LANCA 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 THE EDUCATIONAL FOUNDATION OF THE UNIVERSITY OF SOUTH CAROLINA LANCA 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 THE EDUCATIONAL FOUNDATION OF THE UNIVERSITY OF SOUTH CAROLINA LANCA?
The 990 for the year ended June 30, 2025 names CHARLENE MCGRIFF.
Who are the officers and directors of THE EDUCATIONAL FOUNDATION OF THE UNIVERSITY OF SOUTH CAROLINA LANCA?
The 990 for the year ended June 30, 2025 lists 10 people; 0 received compensation from the organization.
How much revenue does THE EDUCATIONAL FOUNDATION OF THE UNIVERSITY OF SOUTH CAROLINA LANCA have?
On its 990 for the year ended June 30, 2025 it reported revenue of $1,666,727, expenses of $1,033,926 and total assets of $20,606,500 at year end.

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