Civic Intelligence

University of South Carolina Upstate Capital Development

990 • Fiscal year 2021 • EIN 30-0696406

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 05, 2021

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

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

94th percentile

74%

Higher net margin than 94% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

99th percentile

$116,214

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 894.0% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

3rd percentile

-89%

Faster asset growth than 3% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

99th percentile

2007%

Faster revenue growth than 99% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Down

$41,563

Down $342,761 (-89%) from 2020

Net Assets

Up

$41,563

Up $9,585 (+30%) from 2020

Liabilities

Down

$0

Down $352,346 (-100%) from 2020

Revenue

Up

$13,000

Up $12,383 (+2007%) from 2020

Expenses

Down

$3,415

Down $28,599 (-89%) from 2020

Net Income

Up

$9,585

Up $40,982 (+131%) from 2020

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

2021

Assets$41,563
Liabilities$0
Net Assets$41,563

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

2021

Revenue$13,000
Expenses$3,415
Net Income$9,585
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 5, 2021
Return Version
2020v4.1
Gross Receipts
$385,000
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$372,000--
Cash and Non-Interest-Bearing Accounts$12,324$41,563▲ $29,239
Total Assets$384,324$41,563▼ $342,761
Liabilities
Accounts Payable and Accrued Expenses$352,346$0▼ $352,346
Total Liabilities$352,346$0▼ $352,346
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$31,978$41,563▲ $9,585
Total Net Assets Fund Balance$31,978$41,563▲ $9,585
Total Liabilities and Net Assets / Fund Balance$384,324$41,563▼ $342,761
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Kimberly JolleyExecutive Director$87,121$29,093$116,214

Board Members and Trustees

NameTitle
Will GramlingPresident
John MontgomeryVice President
Allen JohnstonBoard Member
George MoseleyBoard Member
Jason LynchBoard Member
John BauknightBoard Member
Ralph SettleBoard Member
Tim CampBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$13,000
Other Revenue
$0
Change in Net Assets
$9,585

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,000
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$13,000
Total Revenue per Form 990
$13,000
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,415
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal-$1,848-$1,848
Occupancy$930--$930
Interest-$637-$637
Total Functional Expenses$930$2,485$0$3,415

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,415
Total Expenses per Audited Statements$3,415
Total Expenses per Form 990$3,415
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
No
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, Part VI, Section B, Line 11B

The form 990 is reviewed by management and each member of the board is provided a copy for their review prior to filing.

Form 990, Part VI, Section B, Line 12C

Under the terms of the conflict of interest poliicy board must identify any potential conflicts during discussion items. Note is made of any existing conflicts and those board members must recuse themselves from voting or discussing a matter which may present a conflict of interest. This is monitored by the board administrator and ceo of the foundation.

Form 990, Part VI, Section C, Line 18

The organization makes its form 990 and governing documents available upon request.

Form 990, Part VI, Section C, Line 19

The organization makes it governing documents, conflict of interest policy, and financial statement available upon request.

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
Kimberly Jolley
Title
Executive Director
Phone
8645037417
Signed
2021-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kimberly Jolley
Formed
1973
Legal Domicile
Sc
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

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

Financial Statement Notes

PART X, LINE 2:

The foundation has been granted exemption from income taxes under section 501(c)(3) of the internal revenue code and, accordingly, no provision for income tax is recorded in the accompanying financial statements. The foundation has determined that it does not have any unrecognized tax benefits or obligations as of june 30, 2021.

Raw XML Appendix394 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION HAS BEEN GRANTED EXEMPTION FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, ACCORDINGLY, NO PROVISION FOR INCOME TAX IS RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FOUNDATION HAS DETERMINED THAT IT DOES NOT HAVE ANY UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF JUNE 30, 2021.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED BY MANAGEMENT AND EACH MEMBER OF THE BOARD IS PROVIDED A COPY FOR THEIR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UNDER THE TERMS OF THE CONFLICT OF INTEREST POLIICY BOARD MUST IDENTIFY ANY POTENTIAL CONFLICTS DURING DISCUSSION ITEMS. NOTE IS MADE OF ANY EXISTING CONFLICTS AND THOSE BOARD MEMBERS MUST RECUSE THEMSELVES FROM VOTING OR DISCUSSING A MATTER WHICH MAY PRESENT A CONFLICT OF INTEREST. THIS IS MONITORED BY THE BOARD ADMINISTRATOR AND CEO OF THE FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS FORM 990 AND GOVERNING DOCUMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES IT GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENT AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0UNIVERSITY OF SOUTH CAROLINA UPSTATE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1USC UPSTATE CAPITAL DEVELOPMENT FOUNDATION INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0576001153
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1300696406
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0SC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1SC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0HIGHER EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1SUPPORTING ORGANIZATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0800 UNIVERSITY WAY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1800 UNIVERSITY WAY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0SPARTANBURG
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1SPARTANBURG
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0SC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1SC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd029303
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd129303
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0SC
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0384324
IRS990/TotalAssetsEOYAmt041563
IRS990/TotalAssetsGrp/BOYAmt0384324
IRS990/TotalAssetsGrp/EOYAmt041563
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02485
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0930
IRS990/TotalFunctionalExpensesGrp/TotalAmt03415
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0352346
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt0352346
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt031978
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt041563
IRS990/TotalOtherCompensationAmt029093
IRS990/TotalProgramServiceExpensesAmt0930
IRS990/TotalReportableCompFromOrgAmt087121
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt013000
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt013000
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0384324
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt041563
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0800 UNIVERSITY WAY
IRS990/USAddress/CityNm0SPARTANBURG
IRS990/USAddress/StateAbbreviationCd0SC
IRS990/USAddress/ZIPCd029303
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KIMBERLY JOLLEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08645037417
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-05
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/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/PreparationDt02021-11-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0AMY BIBBY
ReturnHeader/ReturnTs02021-11-05T12:17:40-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KIMBERLY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0JOLLEY
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

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