Liabilities / Assets
85th percentile
Higher debt load relative to assets than 85% of similar nonprofits.
Francis Marion University Development Foundation
990 • Fiscal year 2016 • EIN 20-0118161
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.80x
Liabilities / Revenue
91st percentile
Higher debt load relative to revenue than 91% of similar nonprofits.
Net Margin
60th percentile
Higher net margin than 60% of similar nonprofits.
Top Officer Pay
29th percentile
Higher top officer pay than 29% of similar nonprofits.
Top officer pay equals 2.6% of source-year revenue.
Asset Growth
30th percentile
Faster asset growth than 30% of similar nonprofits.
Revenue Growth
51st percentile
Faster revenue growth than 51% of similar nonprofits.
Balance Sheet
Assets
Down$28,206,119
Down $496,385 (-1.7%) from 2015
Net Assets
Up$5,655,659
Up $165,953 (+3.0%) from 2015
Liabilities
Down$22,550,460
Down $662,338 (-2.9%) from 2015
Revenue And Expenses
Revenue
Up$6,603,823
Up $203,357 (+3.2%) from 2015
Expenses
Up$6,286,013
Up $576,190 (+10%) from 2015
Net Income
Down$317,810
Down $372,833 (-54%) from 2015
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2015 to Jun 30, 2016
- Signed
- Feb 8, 2017
- Return Version
- 2015v3.0
- Gross Receipts
- $6,603,823
Mission and Program Overview
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.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $14,270,054 | $13,149,301 | ▼ $1,120,753 |
| Savings and Temporary Cash Investments | $7,781,268 | $11,038,067 | ▲ $3,256,799 |
| Prepaid Expenses and Deferred Charges | $2,668,110 | $2,695,401 | ▲ $27,291 |
| Accounts Receivable | $185,036 | $341,740 | ▲ $156,704 |
| Cash and Non-Interest-Bearing Accounts | $2,551,940 | $100,377 | ▼ $2,451,563 |
| Total Assets | $28,702,504 | $28,206,119 | ▼ $496,385 |
| Other Assets Total | $1,246,096 | $881,233 | ▼ $364,863 |
| Liabilities | |||
| Tax Exempt Bond Liabilities | $22,673,276 | $22,010,560 | ▼ $662,716 |
| Accounts Payable and Accrued Expenses | $404,886 | $396,896 | ▼ $7,990 |
| Deferred Revenue | $134,636 | $143,004 | ▲ $8,368 |
| Total Liabilities | $23,212,798 | $22,550,460 | ▼ $662,338 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $5,489,706 | $5,655,659 | ▲ $165,953 |
| Total Net Assets Fund Balance | $5,489,706 | $5,655,659 | ▲ $165,953 |
| Total Liabilities and Net Assets / Fund Balance | $28,702,504 | $28,206,119 | ▼ $496,385 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $12,700,375 | $4,367,711 | $17,068,086 |
| Leasehold Improvements | $440,257 | $132,058 | $572,315 |
| Equipment | - | $391,915 | $391,915 |
| Other Land Buildings | $8,669 | $11,331 | $20,000 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Other | Total |
|---|---|---|---|---|
| Howard Lundy | Executive Di | PT | $101,793 | $101,793 |
| Erika S Cook | Executive Di | PT | $60,958 | $60,958 |
Board Members and Trustees
| Name | Title |
|---|---|
| Sompong Kraikit | Chairman |
| Gail Richardson | Vice-chairpe |
| Kathy Heustess | Director |
| Paul Seward | Secretary |
| John Kispert | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $6,598,844
- Investment Income
- $4,979
- Other Revenue
- $0
- Change in Net Assets
- $317,810
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $6,599,073
- Revenue Not Reported on Financial Statements
- $4,750
- Total Revenue per Audited Statements
- $6,599,073
- Total Revenue per Form 990
- $6,603,823
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $4,409,113 |
| Grants and Similar Amounts Paid | $1,861,900 |
| Salaries, Compensation, and Employee Benefits | $15,000 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Fees for Services Management | $2,420,380 | - | - | $2,420,380 |
| Grants to Domestic Orgs | $1,861,900 | - | - | $1,861,900 |
| Interest | $871,303 | - | - | $871,303 |
| Depreciation Depletion | $496,577 | - | - | $496,577 |
| Occupancy | $457,651 | - | - | $457,651 |
| Insurance | $95,383 | $4,319 | - | $99,702 |
| Fees for Services Other | - | $34,696 | - | $34,696 |
| Fees for Services Accounting | - | $22,365 | - | $22,365 |
| Current Officers, Directors, Trustees, and Key Employees | - | $15,000 | - | $15,000 |
| Fees for Service Investment Mgmnt Fees | $3,750 | - | - | $3,750 |
| Office Expenses | - | $2,689 | - | $2,689 |
| Total Functional Expenses | $6,206,944 | $79,069 | $0 | $6,286,013 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Total Expenses per Form 990 | $6,286,013 |
| Expenses per Audited Statements | $6,281,263 |
| Total Expenses per Audited Statements | $6,281,263 |
| Expenses Not Reported on Financial Statements | $4,750 |
International Activity
Grant and Assistance Recipients
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Francis Marion University | Florence, SC | 170b1a | University Support | $860,925 |
| Fmu Education Foundation | Florence, SC | 501c3 | University Support | $126,975 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Debt and Bond Financing
Bond Issues
| Bond | Issuer | Issued | Issue Price | Purpose |
|---|---|---|---|---|
| B | Sc Jobs - Econ Dev Bonds | 2014-11-12 | $13,404,505 | REFINANCE 2004A BONDS |
| A | Sc Jobs - Econ Dev Auth | 2006-12-29 | $10,249,182 | Construction of student housing |
Bond Proceeds
| Bond | Total Proceeds | Spent | Retired | Issuance Costs |
|---|---|---|---|---|
| B | $13,404,505 | $13,145,753 | $330,000 | $258,752 |
| A | $10,249,182 | $786,558 | $1,315,000 | $204,296 |
Bond Financing Compliance
- Form 8038-T filed
- Yes
- Gross proceeds invested
- No
- Gross proceeds invested in GIC
- No
- Corrective action procedures
- Yes
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- Yes
- Annual disclosure for covered persons
- Yes
- Audit committee
- No
- Backup withholding compliance
- Yes
- Business relationship with family members
- No
- Business relationship with organization members
- No
- Material changes to governing documents
- No
- Compensation from other sources disclosed
- No
- CEO compensation reviewed
- Yes
- Other officer compensation reviewed
- No
- Conflict-of-interest policy
- Yes
- Audited financial statements prepared
- Yes
- Key decisions subject to board approval
- No
- Management duties delegated
- No
Governance Explanations
Form 990, Page 6, Part VI, Line 2
“Francis marion university john kispert rep. For president of univer. Francis marion university howard lundy employee of fmu francis marion university gail richardson fmu board of trustee”
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 then.”
Form 990, Page 6, Part VI, Line 12C
“This 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.”
Filing and Contact Details
Filer
- Filer Name
- Francis Marion University
- EIN
- 20-0118161
- Phone
- 8436611131
- Address
- PO BOX 100547, FLORENCE, SC 29502-0547
Signing Officer
- Name
- Erika S Cook
- Title
- Executive Director
- Phone
- 8436611131
- Signed
- 2017-02-08
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Erika S Cook
- Formed
- 2003
- Legal Domicile
- Sc
- Voting Board Members
- 5
- Independent Board Members
- 4
- Employees
- 0
- Volunteers
- 4
Preparer
- Firm
- Cline Brandt Kochenower & Co Pa
- Address
- 1225 W FLOYD BAKER BLVD, GAFFNEY, SC 29341
- Preparer
- Timothy S Blake CPA
- Phone
- 8644897121
Supplemental Narrative
Additional Explanations
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 2, Part III, Line 4A
“Reimbursed for all expenses related to this service.”
Form 990, Part XI, Line 9
“Donated property -151,857 total -151,857 real estate donated to the city of florence in prior year not included in prior year expenses per form 990 as filed.”
Raw XML AppendixShowing 400 of 587 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990/Desc | 0 | 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. FALL 2015 HAD AN OCCUPANCY OF 92.46% OR 1,423 OF 1,539 AVAILABLE BEDS. SPRING 2016 HAD AN OCCUPANCY OF 85.25% OR 1,312 OF 1,539 AVAILABLE BEDS. PROPERTY MANAGEMENT IS CONTRACTED OUT TO THE UNIVERSITY WHICH IS PAID 125,000 FOR THIS SERVICES AND REIMBURSED FOR ALL EXPENSES RELATED TO THIS SERVICE. |
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| IRS990/MissionDesc | 0 | 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. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 5489706 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 5655659 |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 457651 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 457651 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 2689 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 2689 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OnBehalfOfIssuerInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 1246096 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 881233 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | -151857 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | false |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 2668110 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 2695401 |
| IRS990/PrincipalOfficerNm | 0 | ERIKA S COOK |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 531110 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 531120 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 2 | 531110 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | HOUSING SERVICES |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | REAL PROPERTY MGMT SERV |
| IRS990/ProgramServiceRevenueGrp/Desc | 2 | INSURANCE PROCEEDS |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 6594357 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 2950 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 2 | 1537 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 6594357 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 2950 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 1537 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | 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. |
| IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt | 0 | 1861900 |
| IRS990/ProgSrvcAccomActy2Grp/GrantAmt | 0 | 1861900 |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | THE FOUNDATION, AS PART OF ITS MISSION TO SUPPORT FRANCIS MARION UNIVERSITY, PERIODICALLY ACQUIRES PROPERTY WITH THE INTENT OF USE BY THE FOUNDATION OR THE UNIVERSITY OUTSIDE OF THE STUDENT HOUSING SERVICES ALREADY PROVIDED. |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 699530 |
| IRS990/PYInvestmentIncomeAmt | 0 | 3519 |
| IRS990/PYOtherExpensesAmt | 0 | 4957208 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 6396947 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 690643 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 53085 |
| IRS990/PYTotalExpensesAmt | 0 | 5709823 |
| IRS990/PYTotalRevenueAmt | 0 | 6400466 |
| IRS990/QuidProQuoContributionsInd | 0 | false |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | false |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 317810 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | true |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | false |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/RevenueAmt | 0 | 6598844 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 7781268 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 11038067 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd | 0 | true |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd | 0 | false |
| IRS990ScheduleA/Form990SchAType3FuncIntGrp/GovernmentalEntityInd | 0 | X |
| IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd | 0 | true |
| IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd | 0 | false |
| IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd | 0 | false |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | 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. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | PART IV, SECTION E, LINE 1C |
| IRS990ScheduleA/OtherSupportSumAmt | 0 | 0 |
| IRS990ScheduleA/SupportedOrganizationsCnt | 0 | 1 |
| IRS990ScheduleA/SupportedOrganizationsTotalCnt | 0 | 1 |
| IRS990ScheduleA/SupportedOrgInformationGrp/EIN | 0 | 570522624 |
| IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd | 0 | true |
| IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd | 0 | 6 |
| IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt | 0 | 0 |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt | 0 | 860924 |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt | 0 | FRANCIS MARION UNIVERSITY |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt | 0 | FRANCIS MARION UNIVERSITY |
| IRS990ScheduleA/SupportingOrganization509a3Ind | 0 | X |
| IRS990ScheduleA/SupportingOrgType3FuncIntInd | 0 | X |
| IRS990ScheduleA/SupportSumAmt | 0 | 860924 |
| IRS990/ScheduleBRequiredInd | 0 | false |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 12700375 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 4367711 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 17068086 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 391915 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 391915 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 4750 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 6281263 |
| IRS990ScheduleD/InvestmentExpensesNotIncld2Amt | 0 | 4750 |
| IRS990ScheduleD/InvestmentExpensesNotIncldAmt | 0 | 4750 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt | 0 | 440257 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt | 0 | 132058 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt | 0 | 572315 |
| IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt | 0 | 8669 |
| IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt | 0 | 11331 |
| IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 20000 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 4750 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 6599073 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 13149301 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 6286013 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 6603823 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 6599073 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 6281263 |
| IRS990ScheduleI/GrantRecordsMaintainedInd | 0 | false |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 0 | 860925 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 1 | 126975 |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 0 | 170B1A |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 1 | 501C3 |
| IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt | 0 | 874000 |
| IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc | 0 | EQUIPMENT, SUPP |
| IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc | 1 | PROPERTY & SUPP |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 0 | UNIVERSITY SUPPORT |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 1 | UNIVERSITY SUPPORT |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 0 | FRANCIS MARION UNIVERSITY |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 1 | FMU EDUCATION FOUNDATION |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 0 | 570522624 |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 1 | 237432174 |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 0 | PO BOX 100547 |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 1 | PO BOX 100547 |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 0 | FLORENCE |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 1 | FLORENCE |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 0 | SC |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 1 | SC |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 0 | 29502 |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 1 | 29502 |
| IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc | 0 | BOOK |
| IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc | 1 | FMV/BOOK |
| IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt | 0 | THE FOUNDATION DOES NOT AWARD GRANTS BUT PROVIDES OTHER ASSITANCE 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. |
| IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE I, PAGE 1, PART I, LINE 2 |
| IRS990ScheduleI/Total501c3OrgCnt | 0 | 2 |
| IRS990ScheduleJ/AnyNonFixedPaymentsInd | 0 | false |
| IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd | 0 | false |
| IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd | 0 | false |
| IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd | 0 | false |
| IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd | 0 | false |
| IRS990ScheduleJ/EquityBasedCompArrngmInd | 0 | false |
| IRS990ScheduleJ/InitialContractExceptionInd | 0 | false |
| IRS990/ScheduleJRequiredInd | 0 | true |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt | 0 | 148328 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt | 0 | 24090 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt | 0 | 1740 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 0 | JOHN KISPERT |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 0 | TREASURER |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt | 0 | 174158 |
| IRS990ScheduleJ/SeverancePaymentInd | 0 | false |
| IRS990ScheduleJ/SupplementalNonqualRtrPlanInd | 0 | false |
| IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd | 0 | A |
| IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd | 1 | B |
| IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd | 0 | true |
| IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd | 1 | true |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd | 0 | A |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd | 1 | B |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd | 0 | true |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd | 1 | true |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd | 0 | false |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd | 1 | false |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd | 0 | false |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd | 1 | false |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd | 0 | false |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd | 1 | false |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd | 0 | false |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd | 1 | false |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd | 0 | true |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd | 1 | true |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt | 0 | 2006-12-29 |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt | 1 | 2014-11-12 |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN | 0 | 570960018 |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN | 1 | 570960018 |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd | 0 | A |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd | 1 | B |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum | 0 | 83704LAS7 |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum | 1 | 837031TL7 |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd | 0 | false |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd | 1 | false |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt | 0 | 10249182 |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt | 1 | 13404505 |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt | 0 | SC JOBS - ECON DEV AUTH |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt | 1 | SC JOBS - ECON DEV BONDS |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd | 0 | false |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd | 1 | false |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd | 0 | false |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd | 1 | false |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc | 0 | CONSTRUCTION OF STUDENT HOUSING |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc | 1 | REFINANCE 2004A BONDS |
| IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd | 0 | false |
| IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd | 1 | false |
| IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd | 0 | false |
| IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd | 1 | false |
| IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd | 0 | false |
| IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd | 1 | false |
| IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd | 0 | A |
| IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd | 1 | B |
| IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd | 0 | false |
| IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd | 1 | false |
| IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd | 0 | false |
| IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd | 1 | false |
| IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd | 0 | false |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2016 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $28,206,119
- Liabilities
- $22,550,460
- Net assets
- $5,655,659
- Revenue
- $6,603,823
- Expenses
- $6,286,013
- Net income
- $317,810