THE MEDICAL UNIVERSITY OF SOUTH CAROLINA FOUNDATION: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- THE MEDICAL UNIVERSITY OF SOUTH CAROLINA FOUNDATION (EIN 57-6028985)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-05-09
- IRS object ID
- 201331299349302358
- Schema version
- 2011v1.5
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule K
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-05-09T14:34:02-05:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 570381582 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ELLIOTT DAVIS LLCPLLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 CALHOUN ST STE 300 | AddressLine1 |
| City | CHARLESTON | City |
| State | SC | State |
| ZIP Code | 29401 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 576028985 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MEDICAL UNIVERSITY OF SOUTH CAROLINA FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | MEDI | NameControl |
| Phone | 8437922677 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 18 BEE STREET | AddressLine1 |
| City | CHARLESTON | City |
| State | SC | State |
| ZIP Code | 29425 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | ROBYN M FRAMPTON | Name |
| Title | CHIEF FINANCIAL OFFICER | Title |
| Phone | 8437922677 | Phone |
| Date Signed | 2013-05-09 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MELONIE HAMMOND-TRACE CPA | Name |
| PTIN | P00497186 | PTIN |
| Phone | 8435777040 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | THOMAS P ANDERSON | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 18 BEE STREET | AddressLine1 |
| City | CHARLESTON | City |
| State | SC | State |
| ZIP Code | 29425 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 172622204 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.MUSC.EDU/FOUNDATION | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1966 | YearFormation |
| State Legal Domicile | SC | StateLegalDomicile |
| Activity Or Mission Description | THE MEDICAL UNIVERSITY OF SOUTH CAROLINA FOUNDATION (MUSCF) WAS CHARTERED IN 1966 AS A CHARITABLE, EDUCATIONAL FOUNDATION TO SUPPORT THE EDUCATION, RESEARCH, PATIENT CARE AND OTHER PROGRAMS AT THE MEDICAL UNIVERSITY AND MEDICAL UNIVERSITY HOSPITAL AUTHORITY. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 30 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 30 | NbrIndependentVotingMembers |
| Total Nbr Employees | 1 | TotalNbrEmployees |
| Total Nbr Volunteers | 200 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -80844 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 17729634 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 14205754 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 16332837 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 14065266 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 3642648 | InvestmentIncomePriorYear |
| Investment Income Current Year | 12696771 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 37705119 | TotalRevenuePriorYear |
| Total Revenue Current Year | 40967791 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 13701113 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 14413198 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 25608 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 0 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 55000 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 55000 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 1916037 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 14923720 | OtherExpensePriorYear |
| Other Expenses Current Year | 6739833 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 28705441 | TotalExpensesPriorYear |
| Total Expenses Current Year | 21208031 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 8999678 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 19759760 | RevenuesLessExpensesCY |
| Total Assets BOY | 402852904 | TotalAssetsBOY |
| Total Assets EOY | 412517405 | TotalAssetsEOY |
| Total Liabilities BOY | 156823274 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 161069632 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 246029630 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 251447773 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | THE MEDICAL UNIVERSITY OF SOUTH CAROLINA FOUNDATION IS AN EDUCATIONAL, CHARITABLE, ELEEMOSYNARY FOUNDATION ORGANIZED TO PROMOTE THE EDUCATIONAL, RESEARCH, CLINICAL AND OTHER FACILITIES AND PROGRAMS OF THE MEDICAL UNIVERSITY OF SOUTH CAROLINA AND THE MEDICAL UNIVERSITY OF SOUTH CAROLINA HOSPITAL AUTHORITY. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 13424224 | Expense |
| Description | GIFTS AND GRANTS TO THE MEDICAL UNIVERSITY OF SOUTH CAROLINA AND THE MEDICAL UNIVERSITY OF SOUTH CAROLINA HOSPITAL AUTHORITY TO PROMOTE EDUCATION, RESEARCH AND OTHER PROGRAMS. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 1045736 | Expense |
| Grants | 1045736 | Grants |
| Description | STUDENT SCHOLARSHIPS | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 3439570 | Expense |
| Revenue | 14065266 | Revenue |
| Description | SUPPORT OF STUDENT AND FACULTY FACILITIES AT THE MEDICAL UNIVERSITY OF SOUTH CAROLINA. | Description |
Activity Other ActivityOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 41719 | Expense |
| Grants | 34968 | Grants |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 41719 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Grnt | 34968 | TotalOfOtherProgramServiceGrnt |
| Total Program Service Expense | 17951249 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 1 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 1 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 1 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 1 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 91 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 1 | NumberOfEmployees |
| Employment Tax Returns Filed | 0 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 1 | ForeignFinancialAccount |
| Name Of Foreign Country | CJ | NameOfForeignCountry |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 1 | NonDeductibleContributions |
| Non Deductible Disclosure | 1 | NonDeductibleDisclosure |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 30 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 30 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | SC | StatesWhereCopyOfReturnIsFiled |
| Own Website | X | OwnWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ROBYN M FRAMPTON | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 8437922677 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 18 BEE STREET | AddressLine1 |
| City | CHARLESTON | City |
| State | SC | State |
| ZIP Code | 29425 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (48 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee |
|---|---|---|---|---|---|---|---|
| ROGER G ACKERMAN | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| PAULA HARPER BETHEA | |||||||
| EMERITA | 0.00 | X | 0 | 0 | 0 | ||
| WILLIAM A BAKER JR | |||||||
| EMERITUS | 0.00 | X | 0 | 0 | 0 | ||
| WH BEST | |||||||
| EMERITUS | 0.00 | X | 0 | 0 | 0 | ||
| WILLIAM H BINGHAM SR | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| FRANK W BRUMLEY | |||||||
| EMERITUS | 0.00 | X | 0 | 0 | 0 | ||
| HARRY JULIUS BUTLER JR | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| JOHN E CAY III | |||||||
| DIRECTOR | 3.00 | X | 0 | 0 | 0 | ||
| KAY K CHITTY | |||||||
| DIRECTOR | 3.00 | X | 0 | 0 | 0 | ||
| LJOHN CLARK | |||||||
| DIRECTOR | 5.00 | X | 0 | 0 | 0 | ||
| JAMES B EDWARDS | |||||||
| EMERITUS | 0.00 | X | 0 | 0 | 0 | ||
| CARLOS E EVANS | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| MARCIA GRIFFIN FALK | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| THEODORA L FELDBERG | |||||||
| EMERITA | 0.00 | X | 0 | 0 | 0 | ||
| LARRY J FERGUSON | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| CECIL EDWARD FLOYD | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| RAYMOND S GREENBERG | |||||||
| EX-OFFICIO & DIRECTOR | 3.00 | X | 100000 | 229970 | 53162 | ||
| WILLIAM B HEWITT | |||||||
| EMERITUS | 0.00 | X | 0 | 0 | 0 | ||
| FELICE HIRSCH | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| HAROLD B HOLMES JR | |||||||
| EMERITUS | 0.00 | X | 0 | 0 | 0 | ||
| SHAWN A JENKINS | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| WALTER F JOHNSON III | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| ELIZABETH H MCCULLOUGH | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| VERNON E MERCHANT JR | |||||||
| EMERITUS | 0.00 | X | 0 | 0 | 0 | ||
| JOHN TUCKER MORSE | |||||||
| EMERITUS | 0.00 | X | 0 | 0 | 0 | ||
| BENJAMIN NAVARRO | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| KELLEY O'QUINN | |||||||
| EMERITA | 0.00 | X | 0 | 0 | 0 | ||
| WILBUR J PREZZANO JR | |||||||
| EMERITUS | 0.00 | X | 0 | 0 | 0 | ||
| JR RICHARDSON | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| THOMAS C ROWLAND JR | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| ALLAN E STALVEY | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| DANIEL J SULLIVAN | |||||||
| DIRECTOR | 3.00 | X | 0 | 0 | 0 | ||
| ROBERT J SYWOLSKI | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| JOHN E THOMPSON | |||||||
| EMERITUS | 0.00 | X | 0 | 0 | 0 | ||
| THOMAS WARING | |||||||
| EMERITUS | 0.00 | X | 0 | 0 | 0 | ||
| DOUGLAS P WENDEL | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| ANITA ZUCKER | |||||||
| EMERITA | 0.00 | X | 0 | 0 | 0 | ||
| JOHN W BAKER | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| HELEN COKIE BERENYI | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| RICHARD HAGINS | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| LOU HAMMOND | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| SUSANNA JOHNSON | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| KEVIN LUZAK | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| ANTONY M MERCK | |||||||
| EMERITUS | 0.00 | X | 0 | 0 | 0 | ||
| RICHARD D ELLIOTT | |||||||
| VICE-CHAIRMAN | 1.00 | 0 | 0 | 0 | X | ||
| WALTER G SEINSHEIMER | |||||||
| CHAIRMAN | 4.00 | 0 | 0 | 0 | X | ||
| ROBYN FRAMPTON | |||||||
| CHIEF FINANCIAL OFFICER/TR | 40.00 | 0 | 125599 | 35558 | X | ||
| THOMAS P ANDERSON | |||||||
| CHIEF EXECUTIVE OFFICE/SEC | 40.00 | 252024 | 21877 | 89909 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 352024 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 377446 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 178629 | TotalOtherCompensation |
| Number Individuals GT100 K | 1 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation
Name Of Contractor NameOfContractor
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LCG ASSOCIATES | BusinessNameLine1 |
Address Of Contractor AddressOfContractor
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 400 GALLERIA PARKWAY SUITE 1800 | AddressLine1 |
| City | ATLANTA | City |
| State | GA | State |
| ZIP Code | 30339 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Services | INVESTMENT CONSULTING | DescriptionOfServices |
| Compensation | 223338 | Compensation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 1 | NumberOfContractorsGT100K |
| Fundraising Events | 191131 | FundraisingEvents |
| All Other Contributions | 14014623 | AllOtherContributions |
| Noncash Contributions | 1889957 | NoncashContributions |
| Total Contributions | 14205754 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| MUHA/UMA/OTHER CLINICA | 622110 | 7507022 | 7507022 |
| RENTAL INCOME | 531110 | 6558244 | 6558244 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 14065266 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3031927 | TotalRevenueColumn |
| Exclusion | $3,031,927 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 140963344 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 131298500 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 9664844 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 9664844 | TotalRevenueColumn |
| Exclusion | $9,664,844 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 355913 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 191131 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 355913 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 40967791 | TotalRevenueColumn |
| Related Or Exempt Function Income | 14065266 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $12,696,771 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14413198 | Total |
| Program Services | 14413198 | ProgramServices |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 55000 | Total |
| Fundraising | 55000 | Fundraising |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 358203 | Total |
| Program Services | 275198 | ProgramServices |
| Management And General | 83005 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4005 | Total |
| Management And General | 4005 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1661284 | Total |
| Program Services | 1661284 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1304986 | Total |
| Program Services | 1286582 | ProgramServices |
| Management And General | 18404 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | FundraisingFundraising | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|---|
| DEVELOPMENT COST | 1435749 | 1435749 | ||
| PERSONNEL | 1060593 | 108568 | 272942 | 679083 |
| BANK FEES | 395362 | 395362 | ||
| DONATED GOODS | 247005 | 247005 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 272646 | Total |
| Program Services | 42045 | ProgramServices |
| Management And General | 160886 | ManagementAndGeneral |
| Fundraising | 69715 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 21208031 | Total |
| Program Services | 17951249 | ProgramServices |
| Management And General | 1340745 | ManagementAndGeneral |
| Fundraising | 1916037 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8090103 | BOY |
| EOY | 9663802 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14426689 | BOY |
| EOY | 12068654 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 65041 | BOY |
| EOY | 139465 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 92920482 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 12422317 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 81667711 | BOY |
| EOY | 80498165 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 193394369 | BOY |
| EOY | 162982623 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 98571242 | BOY |
| EOY | 141488871 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6637749 | BOY |
| EOY | 5675825 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 402852904 | BOY |
| EOY | 412517405 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10572446 | BOY |
| EOY | 7303979 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10702351 | BOY |
| EOY | 9968921 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 47240684 | BOY |
| EOY | 43778025 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 65499347 | BOY |
| EOY | 75247836 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22808446 | BOY |
| EOY | 24770871 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 156823274 | BOY |
| EOY | 161069632 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 31982492 | BOY |
| EOY | 35322781 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 108684144 | BOY |
| EOY | 101754709 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 105362994 | BOY |
| EOY | 114370283 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 246029630 | BOY |
| EOY | 251447773 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 402852904 | BOY |
| EOY | 412517405 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 19759760 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -14341617 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | X | SupportingOrganization509a3 |
| Supporting Org509a3 Type3 Func Int | X | SupportingOrg509a3Type3FuncInt |
| Contrib By Controlling Individual | 0 | ContribByControllingIndividual |
| Contribution By Related Party | 0 | ContributionByRelatedParty |
| Contrib By35 Controlled Entity | 0 | ContribBy35ControlledEntity |
Supported Org Information SupportedOrgInformation (2 entries)
| EINEIN | Type Of OrganizationTypeOfOrganization | Listed In Governing DocListedInGoverningDoc | Supported Organization NotifiedSupportedOrganizationNotified | Organized In USOrganizedInUS | AmountAmount |
|---|---|---|---|---|---|
| MEDICAL UNIVERSITY OF SOUTH CAROLINA | |||||
| 576007222 | 6 | 1 | 1 | 1 | $13,438,831 |
| MUSC HOSPITAL AUTHORITY | |||||
| 571098556 | 6 | 1 | 1 | 1 | $40,393 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Number Of Supported Orgs | 2 | TotalNumberOfSupportedOrgs |
| Sum Of Amounts | 13479224 | SumOfAmounts |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 230285581 | BeginningOfYearBalance |
| Contributions | 3756229 | Contributions |
| Investment Earnings Or Losses | 11549475 | InvestmentEarningsOrLosses |
| Other Expenditures | 6118808 | OtherExpenditures |
| End Of Year Balance | 239472477 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 181554058 | BeginningOfYearBalance |
| Contributions | 3810897 | Contributions |
| Investment Earnings Or Losses | 49718032 | InvestmentEarningsOrLosses |
| Other Expenditures | 4797406 | OtherExpenditures |
| End Of Year Balance | 230285581 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 145666648 | BeginningOfYearBalance |
| Contributions | 7621736 | Contributions |
| Investment Earnings Or Losses | 30998381 | InvestmentEarningsOrLosses |
| Other Expenditures | 2732707 | OtherExpenditures |
| End Of Year Balance | 181554058 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 160917099 | BeginningOfYearBalance |
| Contributions | 7224238 | Contributions |
| Investment Earnings Or Losses | -17882162 | InvestmentEarningsOrLosses |
| Other Expenditures | 4592527 | OtherExpenditures |
| End Of Year Balance | 145666648 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.06000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.81000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.13000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 40714994 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 66944 | OtherCostOrOtherBasis |
| Book Value | 40781938 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 50934741 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 542004 | OtherCostOrOtherBasis |
| Depreciation | 11957305 | Depreciation |
| Book Value | 39519440 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 339873 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 133462 | OtherCostOrOtherBasis |
| Depreciation | 276641 | Depreciation |
| Book Value | 196694 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 188464 | InvestmentCostOrOtherBasis |
| Depreciation | 188371 | Depreciation |
| Book Value | 93 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 80498165 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (2 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| PARTNERSHIPS | 57986792 | F |
| HEDGE FUNDS | 83502079 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 141488871 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| ANNUITIES PAYABLE | $4,423,911 |
| INTEREST RATE SWAP | $2,494,560 |
| CONTRIBUTIONS PAYABLE | $17,852,400 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 24770871 | TotalOfAmounts |
| Total Revenue | 40967791 | TotalRevenue |
| Total Expenses | 21208031 | TotalExpenses |
| Excess Or Deficit For Year | 19759760 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -11848243 | NetUnrealizedGLOnInvestments |
| Other | -$2,493,374 | OtherAmount |
| Total Adjustments | -14341617 | TotalAdjustments |
| Excess Or Deficit Per FS | 5418143 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 26982087 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -11848243 | NetUnrealizedGainsInvestments |
| Other Revenues | -2493374 | OtherRevenues |
| Revenue Not Rptd F990 | -14341617 | RevenueNotRptdF990 |
| Revenue Subtotal | 41323704 | RevenueSubtotal |
| Other Revenues Not Included | -355913 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | -355913 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 40967791 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 21563944 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 355913 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 355913 | ExpensesNotRptdF990 |
| Expenses Subtotal | 21208031 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 21208031 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (4 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| PART XI, LINE 8 - OTHER ADJUSTMENTS: | UNREALIZED LOSS ON INTEREST RATE SWAP -2,228,729. CHANGES N VALUE OF SPLIT INTEREST AGREEMENTS -264,645. TOTAL TO SCHEDULE D, PART XI, LINE 8: -2,493,374. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | UNREALIZED LOSS ON INTEREST RATE SWAP -2,228,729. CHANGES N VALUE OF SPLIT INTEREST AGREEMENTS -264,645. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | SPECIAL EVENT EXPENSES -355,913. |
| PART XIII, LINE 2D - OTHER ADJUSTMENTS: | SPECIAL EVENT EXPENSES 355,913. |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | X | MailSolicitations |
| Email Solicitations | X | EmailSolicitations |
| Phone Solicitations | X | PhoneSolicitations |
| In Person Solicitations | X | InPersonSolicitations |
| Solicitation Of Non Govt Grants | X | SolicitationOfNonGovtGrants |
| Special Fundraising Events | X | SpecialFundraisingEvents |
| Agreement Ref Fundraising | 1 | AgreementRefFundraising |
Fundraiser Activity Information FundraiserActivityInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Individual | JAMES B EDWARDS | NameOfIndividual |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 VENNING STREET | AddressLine1 |
| City | MOUNT PLEASANT | City |
| State | SC | State |
| ZIP Code | 29464 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activity | CONSULTANT | Activity |
| Fundraiser Control Of Funds | 0 | FundraiserControlOfFunds |
| Gross Receipts | 0 | GrossReceipts |
| Amount Retained By Contractor | 0 | AmountRetainedByContractor |
| Net To Organization | 55000 | NetToOrganization |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net To Organization | 55000 | TotalNetToOrganization |
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | VARIOUS | NameOfEvent1 |
| Gross Receipts Event1 | 547044 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 191131 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 355913 | GrossRevenueEvent1 |
| Other Direct Expenses Event1 | 355913 | OtherDirectExpensesEvent1 |
| Gross Receipts Total | 547044 | GrossReceiptsTotal |
| Charitable Contributions Total | 191131 | CharitableContributionsTotal |
| Gross Revenue Total Events | 355913 | GrossRevenueTotalEvents |
| Other Direct Expenses Total Events | 355913 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 355913 | DirectExpenseSummaryEvents |
| Net Income Summary | 0 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | IRC SectionIRCSection | Amount Of Cash GrantAmountOfCashGrant | Amount Of Non Cash AssistanceAmountOfNonCashAssistance | Method Of ValuationMethodOfValuation | Description Of Non Cash AssistanceDescriptionOfNonCashAssistance | Purpose Of GrantPurposeOfGrant |
|---|---|---|---|---|---|---|---|---|---|---|
| MEDICAL UNIVERSITY OF SOUTH CAROLINA | ||||||||||
| 18 BEE STREET | CHARLESTON | SC | 29425 | 576007222 | 115 | 14039022 | 336948 | FMV | IN-KIND CONTRIBUTION | ASSIST UNIVERSITY |
| MEDICAL UNIVERSITY HOSPITAL AUTHORITY | ||||||||||
| 171 ASHLEY AVENUE | CHARLESTON | SC | 29425 | 571098556 | 501 (C) (3) | 37229 | CASH | ASSIST HOSPITAL | ||
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (3 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RAYMOND S GREENBERG | |||||||||||||
| 0 | 223808 | 100000 | 0 | 0 | 6162 | 0 | 0 | 7706 | 45456 | 107706 | 275426 | 0 | 0 |
| ROBYN FRAMPTON | |||||||||||||
| 0 | 125599 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 35558 | 0 | 161157 | 0 | 0 |
| THOMAS P ANDERSON | |||||||||||||
| 197249 | 21877 | 50000 | 0 | 4775 | 0 | 0 | 0 | 84966 | 4943 | 336990 | 26820 | 0 | 0 |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (4 entries)
| Issuer EINIssuerEIN | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|
| SOUTH CAROLINA JOBS- ECONOMIC DEVELOPMENT AUTHORITY | ||||||
| 570960018 | 2009-12-17 | 1083280 | BUILDING AND STRUCTURES | 0 | 0 | 0 |
| SOUTH CAROLINA JOBS- ECONOMIC DEVELOPMENT AUTHORITY | ||||||
| 570960018 | 2009-12-17 | 2360428 | BUILDING AND STRUCTURES | 0 | 0 | 0 |
| SOUTH CAROLINA JOBS- ECONOMIC DEVELOPMENT AUTHORITY | ||||||
| 570960018 | 2009-12-17 | 20858099 | BUILDING AND STRUCTURES | 0 | 0 | 0 |
| SOUTH CAROLINA JOBS- ECONOMIC DEVELOPMENT AUTHORITY | ||||||
| 570960018 | 2010-01-07 | 19381084 | BUILDING AND STRUCTURES | 0 | 0 | 0 |
Form990 Schedule K Part II Form990ScheduleKPartII (4 entries)
| Total ProceedsTotalProceeds | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind |
|---|---|---|---|---|---|
| 1083280 | 6000 | 1 | 0 | 1 | 1 |
| 2360428 | 10000 | 1 | 0 | 1 | 1 |
| 20858099 | 96000 | 1 | 0 | 1 | 1 |
| 19381084 | 88000 | 1 | 0 | 1 | 1 |
Form990 Schedule K Part III Form990ScheduleKPartIII (4 entries)
| Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs |
|---|---|---|---|---|
| 1 | 0 | 0 | 0 | 0 |
| 1 | 0 | 0 | 0 | 0 |
| 1 | 0 | 0 | 0 | 0 |
| 1 | 0 | 0 | 0 | 0 |
Form990 Schedule K Part IV Form990ScheduleKPartIV (4 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Term Of HedgeTermOfHedge | Superintegrated HedgeSuperintegratedHedge | Hedge TerminatedHedgeTerminated | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate |
|---|---|---|---|---|---|---|---|---|
| BB&T | ||||||||
| 0 | 1 | 1 | 10.000000000000 | 0 | 0 | 0 | 0 | 0 |
| BB&T | ||||||||
| 0 | 1 | 1 | 10.000000000000 | 0 | 0 | 0 | 0 | 0 |
| BB&T | ||||||||
| 0 | 1 | 1 | 10.000000000000 | 0 | 0 | 0 | 0 | 0 |
| WELLS FARGO | ||||||||
| 0 | 1 | 1 | 15.000000000000 | 0 | 0 | 0 | 0 | 0 |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SOUTH CAROLINA JOBS- ECONOMIC DEVELOPMENT AUTHORITY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 570960018 | IssuerEIN |
| Date Issued | 2009-12-17 | DateIssued |
| Issue Price | 7400000 | IssuePrice |
| Description Of Purpose | BUILDING AND STRUCTURES | DescriptionOfPurpose |
| Defeased | 0 | Defeased |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Pool Financing | 0 | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Proceeds | 7400000 | TotalProceeds |
| Current Refunding | 1 | CurrentRefunding |
| Advance Refunding | 0 | AdvanceRefunding |
| Final Allocation Made | 1 | FinalAllocationMade |
| Adequate Books And Recds Maintaind | 1 | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Owning Bond Financed Property | 1 | OwningBondFinancedProperty |
| Any Lease Arrangements | 0 | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | 0 | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | 0 | AnyResearchAgreements |
| Post Issuance Compliance Procdrs | 0 | PostIssuanceComplianceProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8038 T Filed | 0 | Form8038TFiled |
| Variable Rate Issue | 1 | VariableRateIssue |
| Hedge Identified In Books And Recds | 1 | HedgeIdentifiedInBooksAndRecds |
Name Of Hedge Provider NameOfHedgeProvider
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BB&T | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Term Of Hedge | 10.000000000000 | TermOfHedge |
| Superintegrated Hedge | 0 | SuperintegratedHedge |
| Hedge Terminated | 0 | HedgeTerminated |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | 0 | GrossProceedsInvested |
| Exception To Rebate | 0 | ExceptionToRebate |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 31 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 66689 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
Clothing And Household Goods ClothingAndHouseholdGoods
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Noncash Contribs Rptd F990 | 38097 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 55 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 1270832 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
Food Inventory FoodInventory
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 27 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 16595 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable (7 entries)
| Non Cash CheckboxNonCashCheckbox | DescriptionDescription | Number Of ContributionsNumberOfContributions | Noncash Contribs Rptd F990NoncashContribsRptdF990 | Method Of Determining RevenuesMethodOfDeterminingRevenues |
|---|---|---|---|---|
| X | EQUIPMENT | 36 | 204143 | FMV |
| X | SUPPLIES | 4 | 61851 | FMV |
| X | ADVERTISING | 3 | 66380 | FMV |
| X | VIDEO PRODUCTION | 4 | 14750 | FMV |
| X | MISCELLANEOUS | 221 | 21028 | FMV |
| X | SOFTWARE | 1 | 75000 | FMV |
| X | TRAVEL | 40 | 54592 | FMV |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | MANAGEMENT PROVIDES AN ELECTRONIC COPY OF THE 990 TO THE BOARD OF DIRECTORS ALONG WITH AN EXECUTIVE SUMMARY FOR THEIR REVIEW AND FEEDBACK. IN ADDITION, THE 990 IS PRESENTED TO THE AUDIT COMMITTEE FOR REVIEW AND APPROVAL. | |
| FORM 990, PART VI, SECTION B, LINE 12C | THE POLICY IS PROVIDED TO ALL DIRECTORS, PRINCIPAL OFFICERS, AND TOP MANAGEMENT ANNUALLY. THEY ARE ASKED TO SIGN A STATEMENT AFFIRMING THAT THEY HAVE RECEIVED A COPY OF THE POLICY, HAVE READ AND UNDERSTAND THE POLICY, AND AGREE TO COMPLY WITH THE POLICY. THE BOARD IS ALSO SURVEYED FOR ANY ISSUES. | |
| FORM 990, PART VI, SECTION B, LINE 15 | THE CEO'S CONTRACT IS AVAILABLE FOR INSPECTION AND REVIEW AT THE FOUNDATION OFFICE. THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS SETS COMPENSATION FOR THE CEO. THE COMMITTEE RELIES ON PERFORMANCE EVALUATIONS, PEER AND INDUSTRY COMPARISONS, AND ANY ADDITIONAL INDEPENDENT DATA TO SET THE EXECUTIVE COMPENSATION. THE CFO'S COMPENSATION IS SET BY THE CEO WITH ASSISTANCE OF THE BOARD CHAIRPERSON. A FORMAL PERFORMANCE EVALUATION IS PREPARED ALONG WITH COMPARABLE DATA FROM INDEPENDENT PARTIES AND PEERS. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS AVAILABLE THROUGH ITS OWN WEBSITE. ALSO PROVIDED ON THE WEBSITE ARE CERTAIN GOVERNING DOCUMENTS AS WELL AS THE ORGANIZATIONS IRS DETERMINATION LETTER. THE CONFLICT OF INTEREST POLICY AND OTHER DOCUMENTS ARE AVAILABLE UPON REQUEST. THE FOUNDATION IS CONTINUING TO MAKE MORE INFORMATION AVAILABLE THROUGH ITS WEBSITE. | |
| FORM 990, PART XI, LINE 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -11,848,243. UNREALIZED LOSS ON INTEREST RATE SWAP -2,228,729. CHANGES N VALUE OF SPLIT INTEREST AGREEMENTS -264,645. TOTAL TO FORM 990, PART XI, LINE 5: -14,341,617. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| FORM 990, PAGE 12, PART XII, LINE 2C | THE PROCESS HAS NOT CHANGED |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI (3 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Total IncomeTotalIncome | EOY AssetsEOYAssets |
|---|---|---|---|---|---|---|---|---|
| 55 BEE STREET LLC | ||||||||
| 55 BEE STREET | CHARLESTON | SC | 29425 | 576028985 | RENTAL | SC | 41556 | 1078903 |
| PARKING GARAGE ASSOCIATES LLC | ||||||||
| 18 BEE STREET | CHARLESTON | SC | 29425 | 576028985 | RENTAL | SC | 745206 | 18113710 |
| 135 CANNON STREET | ||||||||
| 135 CANNON STREET | CHARLESTON | SC | 29403 | 576028985 | RENTAL | SC | 891587 | 22638513 |
Form990 Schedule R Part II Form990ScheduleRPartII (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Controlled OrgControlledOrg |
|---|---|---|---|---|---|---|---|---|---|
| MEDICAL UNIVERSTIY OF SOUTH CAROLINA | |||||||||
| 171 ASHLEY AVENUE | CHARLESTON | SC | 29425 | 576007222 | UNIVERSITY | SC | IRC 115 | LINE 6 | 0 |
| MUSC HOSPITAL AUTHORITY | |||||||||
| 171 ASHLEY AVENUE | CHARLESTON | SC | 29425 | 571098556 | HOSPITAL | SC | 501(C)(3) | LINE 6 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 1 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 1 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 1 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 1 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (7 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| MEDICAL UNIVERSTIY OF SOUTH CAROLINA | ||
| B | 14375696 | FMV |
| MEDICAL UNIVERSTIY OF SOUTH CAROLINA | ||
| I | 4445576 | FMV |
| MEDICAL UNIVERSTIY OF SOUTH CAROLINA | ||
| L | 22300 | FMV |
| MEDICAL UNIVERSTIY OF SOUTH CAROLINA | ||
| N | 371606 | FMV |
| MUSC HOSPITAL AUTHORITY | ||
| B | 37229 | FMV |
| MUSC HOSPITAL AUTHORITY | ||
| I | 84840 | FMV |
| MUSC HOSPITAL AUTHORITY | ||
| N | 28022 | FMV |