Civic Intelligence

University of South Carolina Upstate Capital Development

990EZ • Fiscal year 2019 • EIN 30-0696406

Jul 01, 2018 to Jun 30, 2019 • Filed on Nov 21, 2019

800 University WaySpartanburg, SC 29303

(864) 503-7417

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

93rd percentile

0.86x

Higher debt load relative to assets than 93% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

100th percentile

114.63x

Higher debt load relative to revenue than 100% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

4th percentile

-146%

Higher net margin than 4% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

94th percentile

177%

Faster asset growth than 94% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

11th percentile

-46%

Faster revenue growth than 11% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$466,077

Up $297,872 (+177%) from 2018

Net Assets

Down

$63,375

Down $5,135 (-7.5%) from 2018

Liabilities

Up

$402,702

Up $303,007 (+304%) from 2018

Revenue

Down

$3,513

Down $2,992 (-46%) from 2018

Expenses

Down

$8,648

Down $4,250 (-33%) from 2018

Net Income

Up

-$5,135

Up $1,258 (+20%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2014: $29,312,013Liabilities 2014: $21,616,685Net Assets 2014: $7,695,3282014Assets 2015: $27,337,475Liabilities 2015: $20,632,518Net Assets 2015: $6,704,9572015Assets 2016: $311,341Liabilities 2016: $227,107Net Assets 2016: $84,2342016Assets 2017: $239,660Liabilities 2017: $164,757Net Assets 2017: $74,9032017Assets 2018: $168,205Liabilities 2018: $99,695Net Assets 2018: $68,5102018Assets 2019: $466,077Liabilities 2019: $402,702Net Assets 2019: $63,3752019Assets 2020: $384,324Liabilities 2020: $352,346Net Assets 2020: $31,9782020Assets 2021: $41,563Liabilities 2021: $0Net Assets 2021: $41,5632021Assets 2022: $40,318Liabilities 2022: $0Net Assets 2022: $40,3182022Assets 2023: $39,369Liabilities 2023: $0Net Assets 2023: $39,3692023Assets 2024: $39,791Liabilities 2024: $0Net Assets 2024: $39,7912024

Highlighted filing

2019

Assets$466,077
Liabilities$402,702
Net Assets$63,375

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$0-$2.0M-$4.0M-$6.0MRevenue 2014: $773,036Expenses 2014: $1,631,336Net Income 2014: -$858,3002014Revenue 2015: $947,602Expenses 2015: $1,450,556Net Income 2015: -$502,9542015Revenue 2016: -$4,732,101Expenses 2016: $1,039,529Net Income 2016: -$5,771,6302016Revenue 2017: $9,382Expenses 2017: $18,713Net Income 2017: -$9,3312017Revenue 2018: $6,505Expenses 2018: $12,898Net Income 2018: -$6,3932018Revenue 2019: $3,513Expenses 2019: $8,648Net Income 2019: -$5,1352019Revenue 2020: $617Expenses 2020: $32,014Net Income 2020: -$31,3972020Revenue 2021: $13,000Expenses 2021: $3,415Net Income 2021: $9,5852021Revenue 2022: $0Expenses 2022: $1,245Net Income 2022: -$1,2452022Revenue 2023: $311Expenses 2023: $1,260Net Income 2023: -$9492023Revenue 2024: $1,222Expenses 2024: $800Net Income 2024: $4222024

Highlighted filing

2019

Revenue$3,513
Expenses$8,648
Net Income-$5,135
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Nov 21, 2019
Return Version
2018v3.1
Gross Receipts
$3,513
Mission and Program Overview

Mission

The purpose of the corporation is to own, manage, lease, sell, convey and or transfer real estate and other capital developments to be used for the benefit of the university of south carolina upstate and university of south carolina upstate foundation and to engage in any lawful act or activity for which the corporation is organized pursuannt to the act.

The purpose of the corporation is to own, manage, lease, sell, convey, and or transfer real estate and other capital developments to be used for the benefit of the university of south carolina upstate and university of south carolina upstate foundation and to engage in any lawful act or activity for which the corporation is organized pursuant to the act.

Program Services

DescriptionGrantsExpenses
THE FOUNDATION RECEIVES TRANSFER OF AND ADMINISTERS REAL PROPERTY ON BEHALF OF THE UNIVERSITY OF SOUTH CAROLINA UPSTATE FOR THE PURPOSE OF MEETING ITS EDUCATIONAL MISSION.$0$8,648
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
WILL GRAMBLINGPresident-$0--
JOHN MONTGOMERYVice President-$0--
JASON LYNCHBoard Member-$0--
JOHN BAUKNIGHTBoard Member-$0--
TIM CAMPBoard Member-$0--
RALPH SETTLEBoard Member-$0--
MEREDITH N BRUNENExecutive Director-$0--
Filing and Contact Details

Filer

Filer Name
Usc Upstate Capital Development
EIN
30-0696406
Phone
8645037417
Address
800 UNIVERSITY WAY, SPARTANBURG, SC 29303

Signing Officer

Name
Meredith N Brunen
Title
Executive Director
Phone
8645037417
Signed
2019-11-21
Discuss with paid preparer
Yes

Preparer

Firm
Dixon Hughes Goodman Llp
Address
500 RIDGEFIELD COURT, ASHEVILLE, NC 28806
Preparer
Amy Bibby
Phone
8282542254
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8 - Other Revenue

Description: lease income. Amount: 3,513.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: interest expense. Amount: 4,198.

Form 990-ez, Part II, Line 24 - Other Assets

Description: notes receivable. Beg. Of year amount: 119,367. End of year amount: 44,880.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: notes payable. Beg. Of year amount: 99,695. End of year amount: 402,702.

Raw XML Appendix174 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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/PhoneNum08645037417
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0SPARTANBURG
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0SC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd029303
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0WILL GRAMBLING
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1JOHN MONTGOMERY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2JASON LYNCH
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3JOHN BAUKNIGHT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4TIM CAMP
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5RALPH SETTLE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6MEREDITH N BRUNEN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6EXECUTIVE DIRECTOR
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
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IRS990EZ/OtherAssetsTotalDetail/EOYAmt044880
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt04198
IRS990EZ/OtherRevenueTotalAmt03513
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0THE PURPOSE OF THE CORPORATION IS TO OWN, MANAGE, LEASE, SELL, CONVEY, AND OR TRANSFER REAL ESTATE AND OTHER CAPITAL DEVELOPMENTS TO BE USED FOR THE BENEFIT OF THE UNIVERSITY OF SOUTH CAROLINA UPSTATE AND UNIVERSITY OF SOUTH CAROLINA UPSTATE FOUNDATION AND TO ENGAGE IN ANY LAWFUL ACT OR ACTIVITY FOR WHICH THE CORPORATION IS ORGANIZED PURSUANT TO THE ACT.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE FOUNDATION RECEIVES TRANSFER OF AND ADMINISTERS REAL PROPERTY ON BEHALF OF THE UNIVERSITY OF SOUTH CAROLINA UPSTATE FOR THE PURPOSE OF MEETING ITS EDUCATIONAL MISSION.
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IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd00
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IRS990EZ/SubjectToProxyTaxInd00
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IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
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IRS990EZ/TotalProgramServiceExpensesAmt08648
IRS990EZ/TotalRevenueAmt03513
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/FactsAndCircumstancesTestTxt0THE ORGANIZATION HAS BEEN DORMANT OVER THE PAST FEW YEARS. HOWEVER, THE ORGANIZATION IS DEVELOPING PLANS TO BEGIN RECEIVING SUPPORT FROM THE PUBLIC AND GOVERNMENTAL ENTITIES.
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt050190
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt053280
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0103470
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt03513
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt06505
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt09382
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0175182
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IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.19080
IRS990ScheduleA/PublicSupportPY170Pct00.14500
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt050190
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt053280
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0103470
IRS990ScheduleA/TotalSupportAmt0542374
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: LEASE INCOME. AMOUNT: 3,513.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: INTEREST EXPENSE. AMOUNT: 4,198.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: NOTES RECEIVABLE. BEG. OF YEAR AMOUNT: 119,367. END OF YEAR AMOUNT: 44,880.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: NOTES PAYABLE. BEG. OF YEAR AMOUNT: 99,695. END OF YEAR AMOUNT: 402,702.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02020-04-17 16:48:07Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MEREDITH N BRUNEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08645037417
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0USC UPSTATE CAPITAL DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0USCU
ReturnHeader/Filer/EIN0300696406
ReturnHeader/Filer/PhoneNum08645037417
ReturnHeader/Filer/USAddress/AddressLine1Txt0800 UNIVERSITY WAY
ReturnHeader/Filer/USAddress/CityNm0SPARTANBURG
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SC
ReturnHeader/Filer/USAddress/ZIPCd029303
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId048FB394F9AA065459641371F168D9F2AFFFBB473
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt024.241.144.70
ReturnHeader/FilingSecurityInformation/IPDt02019-11-21
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm014:29:49
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0560747981
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DIXON HUGHES GOODMAN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0500 RIDGEFIELD COURT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ASHEVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028806
ReturnHeader/PreparerPersonGrp/PhoneNum08282542254
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0AMY BIBBY
ReturnHeader/ReturnTs02019-11-21T14:30:44-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

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Filings