2025-04-07T09:29:44-04:00 2024-06-30 570846159 CLINE BRANDT KOCHENOWER & CO PA 1225 W FLOYD BAKER BLVD GAFFNEY SC 29341 990 2023-07-01 200118161 FRANCIS MARION UNIVERSITY DEVELOPMENT FOUNDATION FRAN 8436611131 PO BOX 100547 FLORENCE SC 29502 HAIEASHA SINGLETARY EXECUTIVE DIRECTOR 8436611131 2025-04-04 true true TIMOTHY S BLAKE CPAPFS P00062473 8644897121 2025-03-31 2023 2025-03-06 01:10:19Z HAIEASHA SINGLETARY PO BOX 100547 FLORENCE SC 29502 7096786 false X X 2003 SC THE FOUNDATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF FRANCIS MARION UNIVERSITY, SPECIFICALLY IN MANAGEMENT OF STUDENT HOUSING, OTHER REAL PROPERTY, AND ACCEPTANCE OF GIFTS AND OTHER SUPPORT AS AGREED UPON BY THE FOUNDATION'S BOARD OF DIRECTORS AND THE UNIVERSITY. 5 4 0 4 0 343100 0 6301609 6682063 85499 414723 0 6730208 7096786 968915 1098678 0 633984 688563 0 0 4107972 4129922 5710871 5917163 1019337 1179623 27620215 27833235 16047870 15081267 11572345 12751968 X THE FOUNDATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF FRANCIS MARION UNIVERSITY SPECIFICALLY IN MANAGEMENT OF STUDENT HOUSING, OTHER REAL PROPERTY, AND ACCEPTANCE OF GIFTS AND OTHER SUPPORT AS AGREED UPON BY THE FOUNDATION'S BOARD OF DIRECTORS AND THE UNIVERSITY. false false 4721099 6682063 THE FOUNDATION, AS PART OF ITS MISSION TO SUPPORT THE UNIVERSITY, IS REQUIRED TO OPERATE, MAINTAIN, AND LEASE HOUSING FACILITIES FOR STUDENTS AND FACULTY. THE PROGRAM SERVICE IS CARRIED OUT THROUGH THE FOUNDATION'S SINGLE MEMBER FMU STUDENT HOUSING, LLC. ALL REVENUE GENERATED BY THE LLC FROM HOUSING SERVICES ARE MANAGED AND HELD BY THE FOUNDATION. HOUSING SERVICES ARE PROVIDED PRIMARILY DURING THE FALL AND SPRING SEMESTERS WITH MINOR REVENUES BEING RECEIVED FOR SUMMER SEMESTERS, FEES AND FINES AND SUMMER CAMP HOUSING FOR FMU SUMMER PROGRAMS. 1098678 1098678 THE FOUNDATION IS A PROGRAM SUPPORTED AGENCY AND ACTS IN ACCORDANCE WITH ITS NONPROFIT STATUS TO PROVIDE SUPPORT TO FRANCIS MARION UNIVERSITY. ALL DONATIONS IN KIND OR IN CASH ARE REPORTED BY THE SUPPORTED ORGANIZATION AS GIFTS FROM THE DEVELOPMENT FOUNDATION. THE DEVELOPMENT FOUNDATION PROVIDES DONATIONS TO THE EDUCATION FOUNDATION, WHICH IS A RELATED PARTY TO FRANCIS MARION UNIVERSITY. 5819777 true false false false false false false false false false true false false false true false true true false false false false false false false false false true false true true false false false false false false false false false false false false false false true true false false false true 5 0 true 0 false false false false false false false false false false false false false false X 5 4 true false false false false false false true true false false true true true true false true true false false SC X X HAIEASHA SINGLETARY 8436611131 4822 E PALMETTO ST FLORENCE SC 29506 DARRYL BRIDGES BOARD MEMBER 0.10 37.40 X X 0 179353 78497 KEN JACKSON BOARD MEMBER 0.10 X 0 0 0 CARL HUMPHRIES BOARD MEMBER 0.10 X 0 0 0 JOYCE DURANT BOARD MEMBER 0.10 X 0 0 0 PERRY GRICE BOARD MEMBER 0.10 X 0 0 0 HAIEASHA SINGLETARY EXECUTIVE DI 12.00 25.50 X 0 49786 29794 229139 108291 false true false DUKE ENERGY PROGRESS PO BOX 1003 CHARLOTTE NC 282011003 UTILITIES 248155 JOHNSON CONTROLS INC 5757 NORTH GREEN BAY AVENUE MILWAUKEE WI 53209 HVAC 210450 PENTARISK ASSOCIATES OF GEORGIA 1870 THE EXCHANGE SW SUITE 100 ATLANTA GA 30339 INSURANCE 186935 NICHE INC 2840 LIBERTY AVE SUITE 202 PITTSBURGH PA 15222 STUDENT RECRUIT 120490 4 HOUSING SERVICES 531110 6646739 6646739 INSURANCE PROCEEDS 531110 35324 35324 6682063 414723 414723 7096786 6682063 414723 1098678 1098678 19692 19692 471606 471606 197265 187419 9846 33916 33916 15671 15671 12345 12345 894269 894269 2510 2510 607932 607932 486074 486074 267973 263353 4620 REPAIRS AND MAINTENANCE 940995 940995 SUPPLIES 680126 680126 STUDENT SUPPORT 186815 186815 BANK CHARGES 1296 1296 5917163 5819777 97386 0 1585413 1754014 12131683 12619161 158787 114418 2397072 2484454 19523101 8661913 11347260 10861188 27620215 27833235 14 5365 15651996 14727783 395860 348119 16047870 15081267 X 11572345 12751968 11572345 12751968 27620215 27833235 1179623 X true X true X true false X X 1 FRANCIS MARION UNIVERSITY FRANCIS MARION UNIVERSITY 570522624 6 true 850880 0 1 850880 0 true false false false false false false false false false false false false false false true true true X X true true PART IV, SECTION D, LINE 3 THE BUDGET IS APPROVED BY THE FOUNDATION'S BOARD OF DIRECTORS AND SUBMITTED TO THE UNIVERSITY AS INFORMATION. THE UNIVERSITY HAS SIGNIFICANT INPUT AND EXERCISES SIGNIFICANT INFLUENCE WITH REGARD TO THE USE OF THE ORGANIZATIONS RESOURCES, AS PROVIDED IN THE BYLAWS. PART IV, SECTION E, LINE 1C FRANCIS MARION UNIVERSITY DEVELOPMENT FOUNDATION IS OPERATED FOR THE BENEFIT OF FRANCIS MARION UNIVERSITY SPECIFICALLY TO ACQUIRE, CONSTRUCT, FINANCE, PLEDGE, MAINTAIN, OPERATE, MANAGE AND LEASE HOUSING FACILITIES FOR STUDENTS AND FACULTY OF THE UNIVERSITY AND OTHER REAL PROPERTY (AND RELATED PERSONAL PROPERTY) FOR THE BENEFIT AND SUPPORT OF THE UNIVERSITY. PART IV, SECTION E, LINE 2A FRANCIS MARION UNIVERSITY DEVELOPMENT FOUNDATION WAS CREATED TO SUPPORT FRANCIS MARION UNIVERSITY THROUGH OPERATING, MANAGING AND LEASING HOUSING FACILITIES FOR STUDENTS AND FACULTY OF THE UNIVERSITY. THE FOUNDATION HAS CONTINUED ITS SUPPORT TO THE UNIVERSITY BY PERFORMING THE ACTIVITIES DESCRIBED. PART IV, SECTION E, LINE 2B THE HOUSING FACILITIES ARE NECESSARY AND INDISPENSABLE TO THE CONTINUING EXISTENCE AND OPERATION OF THE UNIVERSITY. 18403453 7967686 10435767 572315 253786 318529 411915 411356 559 135418 29085 106333 10861188 ACCRUED INTEREST PAYABLE 235649 DEPOSITS HELD FOR STUDENTS 112470 348119 7084441 7084441 12345 12345 7096786 5904818 5904818 12345 12345 5917163 SCHEDULE D, PAGE 4, PART XIII THE FINANCIAL STATEMENTS DO NOT CONTAIN A FOOTNOTE REGARDING THE ORGANIZATION'S LIABILITY FOR UNCERTAIN TAX POSITION UNDER FIN 48. true FRANCIS MARION UNIVERSITY PO BOX 100547 FLORENCE SC 29502 570522624 170B1A 850880 BOOK UNIVERSITY SUPPORT FMU EDUCATION FOUNDATION PO BOX 100547 FLORENCE SC 29502 237432174 501C3 247798 BOOK UNIVERSITY SUPPORT 1 1 SCHEDULE I, PAGE 1, PART I, LINE 2 THE FOUNDATION DOES NOT AWARD GRANTS BUT PROVIDES OTHER ASSISTANCE IN THE FORM OF CONTRIBUTIONS AND NON-CASH CONTRIBUTIONS TO THE UNIVERSITY AND ITS EDUCATION FOUNDATION AS SUPPORT FOR THE UNIVERSTIY AS OUR 509(A)(3) STATUS REQUIRES. false false false false false false false false false DARRYL BRIDGES BOARD MEMBER 179353 59346 19151 257850 A SC JOBS-ECONOMIC DEVELOPMENT AUTHOR 570960018 837031TL7 2014-11-12 13404505 REFINANCE OF 2004A BOND false false false B SC JOBS-ECONOMIC DEVELOPMENT AUTHOR 570960018 163405168 2021-10-01 7555000 REFINANCE OF 2006A BOND AND PAY FOR 2021 BOND SERIES A AND B ISSUANCE COSTS false false false A 4989505 13404505 999000 258752 13145753 2014 true false false true B 680000 7555000 261870 7555000 2021 true false false true A false false false false false false false B false false false false false false false A true false false false false true B true false false false false true A true B true PURPOSE OF ISSUE DESCRIPTION SC JOBS-ECONOMIC DEVELOPMENT AUTHORI REFINANCE OF 2004A BOND PURPOSE OF ISSUE DESCRIPTION SC JOBS-ECONOMIC DEVELOPMENT AUTHORI REFINANCE OF 2006A BOND AND PAY FOR 2021 BOND SERIES A AND B ISSUANCE COSTS FORM 990 - ORGANIZATION'S MISSION THE FOUNDATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF FRANCIS MARION UNIVERSITY SPECIFICALLY IN MANAGEMENT OF STUDENT HOUSING, OTHER REAL PROPERTY, AND ACCEPTANCE OF GIFTS AND OTHER SUPPORT AS AGREED UPON BY THE FOUNDATION'S BOARD OF DIRECTORS AND THE UNIVERSITY. FORM 990, PAGE 6, PART VI, LINE 2 FRANCIS MARION UNIVERSITY(FMU) DARRYL BRIDGES EMPLOYEE OF FMU (VP) FRANCIS MARION UNIVERSITY(FMU) HAIEASHA SINGLETARY EMPLOYEE OF FMU FORM 990, PAGE 6, PART VI, LINE 11B THE FULL BOARD OF THE FOUNDATION IS PROVIDED A COPY OF THE 990 PRIOR TO SUBMISSION TO THE IRS. WHEN A MEETING OF THE FULL BOARD PRIOR TO SUBMISSION IS NOT FEASIBLE, THE BOARD IS GIVEN THE 990 AND PROVIDED A TWO WEEK COMMENT PERIOD. FORMAL APPROVAL IS DOCUMENTED BY THE CHAIRMAN AND TREASURER OF THE BOARD. IF A MEETING ISN'T HELD PRIOR TO SUBMISSION TO THE IRS, A FULL BRIEFING IS PROVIDED AT THE NEXT MEETING AND APPROVAL OF THE ENTIRE BOARD IS OBTAINED DURING THAT TIME. FORM 990, PAGE 6, PART VI, LINE 12C THE CONFLICT OF INTERST IS REVIEWED EACH YEAR THROUGH THE REVIEW OF THE FOUNDATION'S BYLAWS AFTER WHICH THE BOARD IS REQUIRED TO HAVE EACH MEMBER SIGN THE FOUNDATION'S ANNUAL STATEMENT FORM NOTING THAT EACH MEMBER HAS REVIEWED THE BYLAWS, NOTED THE CONFLICT OF INTEREST POLICY, AND UNDERSTAND THE REQUIREMENTS SET FORTH THERE IN. NO SUCH VIOLATIONS OF THE CONFLICT OF INTEREST POLICY HAS OCCURRED TO DATE. THE EXECUTIVE DIRECTOR OF THE FOUNDATION CONTINUALLY MONITORS TRANSACTIONS TO ENSURE THE FOUNDATION'S BYLAWS AND CONTROLDS ARE ADHERED TO. FORM 990, PAGE 6, PART VI, LINE 15A FOUNDATION ONLY COMPENSATES THE EXECUTIVE DIRECTOR OF THE FOUNDATION. COMPENSATION IS THROUGH A REIMBURSEMENT AGREEMENT THE FOUNDATION HAS WITH THE UNIVERSITY TO COMPENSATE THE EXECUTIVE DIRECTOR IN AN AMOUNT AGREED TO BY THE FOUNDATION'S BOARD BASED ON TIME AND COMPENSATION BASED ON SIMILAR ORGANIZATION'S NOTED POLICIES. FORM 990, PAGE 6, PART VI, LINE 19 ALL DOCUMENTS (BYLAWS, CONFLICT OF INTEREST POLICY, AND FINANCIAL DOCUMENTS)ARE AVAILABLE UPON REQUEST FROM THE FOUNDATION. FMU STUDENT HOUSING LLC PO BOX 100547 FLORENCE SC 295020547 200118161 HOUSING SC 6808036 18330026 FMU DEV FOUNDATION FRANCIS MARION UNIVERSITY PO BOX 100547 FLORENCE SC 295020547 570522624 HIGHER EDU SC 501C3 2 N/A false false true false false false false false false false false true false true false true true false false true FRANCIS MARION UNIVERSITY B 850880 BOOK/ACCRUAL FRANCIS MARION UNIVERSITY K 233412 BOOK/ACCRUAL FRANCIS MARION UNIVERSITY M 135000 BOOK/ACCRUAL FRANCIS MARION UNIVERSITY O 29538 BOOK/ACCRUAL FRANCIS MARION UNIVERSITY P 3274008 BOOK/ACCRUAL FRANCIS MARION UNIVERSITY S 6646739 BOOK/ACCRUAL