2022-11-09T17:23:27-06:00 2022-06-30 440160260 FORVIS LLP 500 RIDGEFIELD COURT ASHEVILLE NC 28806 990 2021-07-01 570657549 ETV ENDOWMENT OF SOUTH CAROLINA INC ETVE 8645910046 401 EAST KENNEDY STREET SUITE B SPARTANBURG SC 29302 COBY CARTRETTE HENNECY EXECUTIVE DIRECTOR 8645910046 2022-11-09 1 COBY CARTRETTE HENNECY 999009999 AMY BIBBY P00445891 8282542254 2022-11-09 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z COBY CARTRETTE HENNECY 401 E KENNEDY STREET SUITE B-1 SPARTANBURG SC 29302 14680712 0 X WWW.ETVENDOWMENT.ORG X 1977 SC TO PROMOTE EDUCATIONAL PUBLIC BROADCASTING IN SOUTH CAROLINA. 24 24 24 24 0 0 8708735 9131886 644912 821435 1471701 1239293 0 11660 10825348 11204274 1524326 1041759 0 0 991735 1068636 0 0 773024 6797670 7650717 9313731 9761112 1511617 1443162 34650598 31848009 1347258 1746258 33303340 30101751 X THE ETV ENDOWMENT OF SOUTH CAROLINA IS A 501(C)(3) NONPROFIT FOUNDED IN 1977 THAT PROVIDES FUNDING FOR PROGRAMMING BROADCAST ON SOUTH CAROLINA ETV, SOUTH CAROLINA PUBLIC RADIO AND OTHER PUBLIC MEDIA STATIONS. 0 0 4786129 821435 PROGRAM PURCHASE - THROUGH ANNUAL MEMBERSHIP CONTRIBUTIONS, THE ETV ENDOWMENT OF SOUTH CAROLINA SUPPORTS PROGRAMS BROADCAST BY SCETV, SC PUBLIC RADIO AND OTHER PUBLIC MEDIA STATIONS. THE ENDOWMENT'S NEARLY 46,500 DONORS MADE NEARLY 248,000 INDIVIDUAL GIFTS IN FY22. THESE MEMBERSHIP FUNDS ARE USED TO PURCHASE PROGRAMMING SEEN ON 11 TELEVISION STATIONS BROADCASTING FOUR TELEVISION CHANNELS AND HEARD ON NINE RADIO STATIONS BROADCASTING TWO PROGRAMMING STREAMS THROUGHOUT THE STATE. FUNDING FOR THE PROGRAMMING THAT IS BROADCAST 24 HOURS PER DAY, SEVEN DAYS PER WEEK, INCLUDING THE NATIONAL PBS AND NPR SCHEDULES, IS PROVIDED BY MEMBERS OF THE ENDOWMENT. THE ETV ENDOWMENT IS PROUD TO SERVE ALL SOUTH CAROLINIANS, WITHOUT REGARD TO THEIR ABILITY TO PAY FOR THE MANY PROGRAMS OFFERED. 3029169 1041759 PROGRAM PRODUCTION - SINCE ITS FOUNDING IN 1977, THE ETV ENDOWMENT HAS MANAGED MORE THAN $134 MILLION IN RESTRICTED GRANTS FROM CORPORATIONS, FOUNDATIONS AND INDIVIDUALS AS WELL AS STATE AND GOVERNMENTAL ENTITIES. THE ENDOWMENT USES THESE FUNDS IN ACCORDANCE WITH GRANT RESTRICTIONS TO PRODUCE AND/OR PRESENT PROGRAMS FOR DISTRIBUTION ON A NATIONAL, REGIONAL OR STATE LEVEL. SCETV, SC PUBLIC RADIO AND THE ETV ENDOWMENT ALSO CONTRIBUTE SIGNIFICANT IN-KIND CONTRIBUTIONS TO THESE PROGRAMS TO ENSURE COMPLETION AND DISTRIBUTION. SUCH PROGRAMS INCLUDE TELEVISION, RADIO AND NON-BROADCAST EDUCATIONAL PROGRAMS. 396745 MEMBER SERVICES - FOR 44 YEARS, THE ETV ENDOWMENT FAMILY OF DONORS, NUMBERING NEARLY 46,500 HAS PROVIDED MEMBERSHIP CONTRIBUTIONS TO SUSTAIN THE PROGRAM PURCHASE AND PRODUCTION OF TELEVISION AND RADIO PROGRAMMING. SINCE THE ENDOWMENT'S INCEPTION IN 1977, OUR ENDOWMENT DONORS HAVE CONTRIBUTED NEARLY $145 MILLION IN UNRESTRICTED MEMBERSHIP FUNDS. EVERY MEMBER OF THE ENDOWMENT IS OFFERED A MONTHLY SCENE PROGRAM GUIDE, WHICH HIGHLIGHTS THE OFFERINGS ON EACH OF SCETV'S FOUR TELEVISION CHANNELS AND TWO RADIO STREAMS. THE ENDOWMENT ALSO SENDS TO MEMBERS MEMBERSHIP DECALS FOR THEIR VEHICLES EACH YEAR SO OTHERS MAY KNOW OF THEIR SUPPORT OF PUBLIC MEDIA IN SOUTH CAROLINA. LASTLY, THE ENDOWMENT MAILED MORE THAN 2,900 APPRECIATION GIFTS TO OUR DONORS IN FY22. THOSE GIFTS INCLUDED DVDS, BOOKS AND TICKETS TO PERFORMANCES ASSOCIATED WITH ETV AND SC PUBLIC RADIO, ALL OF WHICH EXTEND THE EDUCATIONAL OUTREACH COMPONENT OF SCETV'S PROGRAMMING. 8212043 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 X 53 0 1 24 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 SC X X COBY CARTRETTE HENNECY 8645910046 401 E KENNEDY STREET SUITE B-1 SPARTANBURG SC 29302 WM BUBBA SELF JR PRESIDENT 1.00 X X 0 0 0 CATHERINE HEIGEL VICE-PRESIDENT 1.00 X X 0 0 0 WILLIAM A FINN TREASURER 1.00 X X 0 0 0 TRACI YOUNG COOPER EDD SECRETARY 1.00 X X 0 0 0 MARYANNE WARNER BELSER BOARD MEMBER 1.00 X 0 0 0 DAVID BUCKSHORN BOARD MEMBER 1.00 X 0 0 0 RACHEL B CHAPMAN BOARD MEMBER 1.00 X 0 0 0 PAUL DUANE BOARD MEMBER 1.00 X 0 0 0 ELEANOR DUNLAP BOARD MEMBER 1.00 X 0 0 0 LANE GILPIN BOARD MEMBER 1.00 X 0 0 0 CHERYL GRANT BOARD MEMBER 1.00 X 0 0 0 JO WATSON HACKL BOARD MEMBER 1.00 X 0 0 0 ANNIE HAM BOARD MEMBER 1.00 X 0 0 0 WES HAYES BOARD MEMBER 1.00 X 0 0 0 HELEN HOLLAND BOARD MEMBER 1.00 X 0 0 0 MICHELLE LOGAN-OWENS BOARD MEMBER 1.00 X 0 0 0 PATTI MCABEE-EISON BOARD MEMBER 1.00 X 0 0 0 GAIL MORRISON BOARD MEMBER 1.00 X 0 0 0 PRESTON SABALIS BOARD MEMBER 1.00 X 0 0 0 JAMES SIMMONS MD BOARD MEMBER 1.00 X 0 0 0 MACAULAY SMITH BOARD MEMBER 1.00 X 0 0 0 PETER TECKLENBURG BOARD MEMBER 1.00 X 0 0 0 L ANDREW WESTBROOK III BOARD MEMBER 1.00 X 0 0 0 PAMELA WILLIAMS BOARD MEMBER 1.00 X 0 0 0 WILLIAM R BILL COBB PRESIDENT - RETIRED 1.00 X 0 0 0 SAUNDERS M BRIDGES JR BOARD MEMBER - RETIRED 1.00 X 0 0 0 DAVID PARKER BOARD MEMBER - RETIRED 1.00 X 0 0 0 GARY WILLIAMS BOARD MEMBER - RETIRED 1.00 X 0 0 0 COBY C HENNECY CPA CFRE EXECUTIVE DIRECTOR 40.00 5.00 X 207721 10125 21472 LAUREN CHIVERS FINANCIAL OFFICER 35.00 5.00 X 128148 6250 15102 335869 16375 36574 2 0 1 0 ALLEGIANCE FUNDRAISING LLC PO BOX 9132 FARGO ND 58106 DIRECT MAIL SERVICES 688157 FOREST INCENTIVES LTD 790 JACKSONVILLE ROAD WARMINSTER PA 18974 WHOLESALE GIFT DISTRIBUTOR 134066 2 7630530 34000 86556 1380800 454298 9131886 UNDERWRITING 515100 821435 821435 821435 575521 575521 3942761 3278989 663772 663772 663772 209109 34000 197449 11660 11660 11204274 821435 0 1250953 1041759 1041759 371625 18581 297300 55744 517432 421403 96029 40118 19847 17755 2516 76974 38045 34251 4678 62487 30913 27655 3919 4814 3459 1355 20160 9677 10483 40000 40000 102192 82176 20016 71852 64599 7253 10571 5074 5497 46477 22309 24168 45810 21989 23821 21720 9045 9800 2875 8694 3640 3943 1111 27949 5655 22294 14802 7105 7697 PROGRAM PRODUCTION 5034931 5034931 UNDERWRITING 821435 821435 PRINTING & PUBLICATIONS 691653 93276 598377 GIFTS FOR GIVING 303468 303468 384189 153657 133981 96551 9761112 8212043 776045 773024 220682 220152 1452472 1178418 174022 49415 122782 275281 115077 128407 277545 187588 94981 89957 32244213 29696178 226369 210201 34650598 31848009 881722 1136223 43836 96824 421700 513211 1347258 1746258 X 27947785 24592916 5355555 5508835 33303340 30101751 34650598 31848009 1443162 -4644751 0 X X 0 1 X 1 0 X 7371430 7096560 8947510 9319119 9340995 42075614 7371430 7096560 8947510 9319119 9340995 42075614 42075614 629036 1035200 633985 5539439 575521 8413181 754099 855757 836041 644912 821435 3912244 54401039 372956 0.77340 0.76750 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: UNDERWRITING INCOME - 2017 AMOUNT: $ 754,099. 2018 AMOUNT: $ 855,757. 2019 AMOUNT: $ 836,041. 2020 AMOUNT: $ 644,912. 2021 AMOUNT: $ 821,435. 25483183 -3427600 22055583 19996447 5486736 25483183 19435897 560550 19996447 18706969 1163928 435000 19435897 17623166 1083803 18706969 1.00000 0 0 45209 45209 1052 1052 0 187432 166711 20721 43852 19825 24027 89957 DUE TO SOUTH CAROLINA EDUCATIONAL COMMUNICATIONS, INC. 414472 RESTRICTED ACCRUED EXPENSES 98739 513211 X 7258779 -4644751 541807 -4102944 11361723 40000 -197449 -157449 11204274 10460368 541807 197449 739256 9721112 40000 40000 9761112 PART V, LINE 4: THE BOARD OF TRUSTEES OF THE ETV ENDOWMENT DESIGNATED A PORTION OF THE UNRESTRICTED NET ASSETS IN 2003 FOR ENDOWMENT. ADDITIONAL FUNDS WERE DESIGNATED FOR ENDOWMENT IN 2016. THE INTENT OF THE DESIGNATION IS TO GROW THE FUNDS AT AN EARNINGS RATE GREATER THAN THE S&P 500 BUT WITH LESS RISK. A BOARD-APPROVED INVESTMENT POLICY GOVERNS THESE BOARD-DESIGNATED ASSETS. ANNUALLY, UP TO 5% OF THE PORTFOLIO'S MARKET VALUE (DETERMINED AS THE AVERAGE OF THE LAST 12 CALENDAR QUARTERS' MARKET VALUES) CAN BE USED FOR THE PURPOSES OF FULFILLING THE ENDOWMENT'S MISSION OF SUPPORTING THE PROGRAMMING BROADCAST ON SCETV, SC PUBLIC RADIO AND OTHER PUBLIC MEDIA STATIONS. PART X, LINE 2: INCOME TAXES - THE ORGANIZATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, THE ORGANIZATION'S FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION OR LIABILITY FOR FEDERAL AND STATE INCOME TAXES. THE ORGANIZATION DETERMINED THAT THERE ARE NO MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF JUNE 30, 2022 AND 2021. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENTS -197,449. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS 197,449. FRANCE TRIP 106535 19000 87535 90418 CANADA TRIP 132809 15000 117809 103357 1 3765 3765 3674 243109 34000 209109 197449 197449 11660 1 SOUTH CAROLINA EDUCATIONAL COMMUNICATIONS INC 401 E KENNEDY STREET SUITE B-1 SPARTANBURG SC 29302 570739523 501(C)(3) 1041759 0 PROGRAM PRODUCTION 1 PART I, LINE 2: SOUTH CAROLINA EDUCATIONAL COMMUNICATIONS, INC. IS RELATED TO THE ETV ENDOWMENT OF SOUTH CAROLINA, INC. SHARED MANAGEMENT ENSURES THAT GRANT FUNDS ARE MONITORED AND EXPENDED APPROPRIATELY AND THAT THE MISSIONS OF BOTH ORGANIZATIONS ARE FULFILLED. X X X X 0 0 0 0 0 0 0 0 0 COBY C HENNECY CPA CFRE EXECUTIVE DIRECTOR 192375 10125 15346 0 0 0 10386 506 10580 0 228687 10631 0 0 X 367 332443 FMV X 2512 121855 FMV 0 1 1 PART I, LINE 32B: ETV ENDOWMENT USES THE SERVICES OF CARS, INC. TO PROCESS DONATIONS OF VEHICLES. THESE SERVICES INCLUDE VEHICLE PICK UP, SALE OF THE DONATED VEHICLE, TITLE PROCESSING AND TRANSFER AND DONOR ACKNOWLEDGEMENT, INCLUDING THE FILING OF FORM 1098-C. CARS, INC. DISTRIBUTES THE NET PROCEEDS TO THE ENDOWMENT AFTER DEDUCTING EXPENSES AND FEES. THE NET PROCEEDS ARE RECORDED AS MEMBERSHIP REVENUES AND ARE USED FOR THE PURCHASE AND PRODUCTION OF PROGRAMS BROADCAST ON SCETV, SC PUBLIC RADIO AND OTHER PUBLIC MEDIA STATIONS. FORM 990, PART V, LINE 2A: EMPLOYEES: THE ETV ENDOWMENT EMPLOYS TEN FULL-TIME EMPLOYEES, FIVE PART-TIME EMPLOYEES AND EIGHT STUDENT SUMMER INTERNS. FOR MORE THAN FOUR DECADES, THE ETV ENDOWMENT INTERNSHIP PROGRAM HAS PROVIDED COLLEGE STUDENTS THE OPPORTUNITY TO OBTAIN HANDS-ON EXPERIENCE IN PUBLIC BROADCASTING WITH ETV AND SC PUBLIC RADIO EACH SUMMER. STUDENTS WORK TEN WEEKS IN A PROFESSIONAL DEPARTMENT AT ETV OR SC PUBLIC RADIO. IN FY 2022, EIGHTINTERNSHIP POSITIONS WERE FUNDED BY THE ETV ENDOWMENT. SCETV, SC PUBLIC RADIO AND THE ENDOWMENT WORK TOGETHER TO HELP PUBLIC MEDIA MEET EDUCATIONAL CHALLENGES. ETV IS SOUTH CAROLINA'S STATEWIDE NETWORK WITH 11 TELEVISION STATIONS, NINE RADIO STATIONS AND ONLINE SERVICES AVAILABLE TO ALL SC PUBLIC SCHOOL DISTRICTS, PRIVATE SCHOOLS, HOME SCHOOLS AND HIGHER EDUCATION INSTITUTIONS. ETV USES THE POWER OF TV, RADIO AND THE INTERNET TO ADVANCE EDUCATION, CULTURE AND CITIZENSHIP. FORM 990, PART VI, SECTION A, LINE 1A EXECUTIVE COMMITTEE IS COMPOSED OF THE OFFICERS OF THE ORGANIZATION AND SUCH OTHER TRUSTEES OF THE ORGANIZATION AS MAY BE APPOINTED ANNUALLY BY THE PRESIDENT. THE EXECUTIVE COMMITTEE MAY EXERCISE THE POWERS OF THE BOARD OF TRUSTEES, BETWEEN MEETINGS OF THE BOARD, PROVIDED, HOWEVER, THE ACTIONS OF THE EXECUTIVE COMMITTEE ARE SUBMITTED TO THE BOARD FOR RATIFICATION AT ITS NEXT MEETING. FORM 990, PART VI, SECTION B, LINE 11B BY VOTE OF THE BOARD OF TRUSTEES, THE AUDIT COMMITTEE HAS BEEN DELEGATED LINE-ITEM RESPONSIBILITY FOR THE REVIEW AND APPROVAL OF THE FORM 990. THE APPROVED FORM 990 IS THEN DISTRIBUTED TO THE FULL BOARD FOR REVIEW AND APPROVAL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES HAS APPROVED A CONFLICT OF INTEREST POLICY AND DISCLOSURE STATEMENT. ALL TRUSTEES AND EMPLOYEES MUST SIGN THE STATEMENT ANNUALLY, WHICH ARE MONITORED BY THE EXECUTIVE DIRECTOR. THE MINUTES OF THE BOARD MEETING REFLECT THIS ANNUAL DISCLOSURE AND REVIEW. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE BOARD MEETS AT LEAST ANNUALLY TO ESTABLISH AND APPROVE THE COMPENSATION OF THE EXECUTIVE DIRECTOR BASED ON SALARY SURVEYS, ORGANIZATIONAL GOALS AND BENCHMARKS. THE COMPENSATION COMMITTEE HAS ESTABLISHED SALARY RANGES FOR EACH POSITION OF THE ORGANIZATION. THE COMPENSATION OF OFFICERS OTHER THAN THE EXECUTIVE DIRECTOR IS DETERMINED BY THE EXECUTIVE DIRECTOR WITHIN THE SALARY RANGES SET BY THE COMMITTEE. SUCH COMPENSATION IS BASED ON REVIEW OF SALARY SURVEYS AND ORGANIZATIONAL GOALS AND BENCHMARKS. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S FORM 990 IS AVAILABLE UPON REQUEST. RECENT FILINGS OF THE FORM 990 ARE MADE AVAILABLE ON THE ORGANIZATION'S WEBSITE AT ETVENDOWMENT.ORG AS WELL AS ONLINE AT WWW.CANDID.ORG AND WWW.CHARITYNAVIGATOR.ORG FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY OF ETV ENDOWMENT OF SOUTH CAROLINA, INC. ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR. SC EDUCATIONAL COMMUNICATIONS INC 401 E KENNEDY STREET SUITE B-1 SPARTANBURG SC 29302 570739523 EDUCATION SC 501(C)(3) LINE 12B, II N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 SC EDUCATIONAL COMMUNICATIONS INC B 1041759