Civic Intelligence

Strom Thurmond Foundation Inc

EIN 57-0442613 • 501(c)3 • Columbia, SC

Profile

The purpose of the corporation is to engage in granting of monies for undergraduate educational scholarships for needy, worthy persons in South Carolina for attendance at in-state colleges, universities, vocational and technical schools.

PO Box 50214Columbia, SC 29250

sites.google.com/site/stromthurmondfoundation

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

18th percentile

0.00x

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

19th percentile

0.00x

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

87th percentile

43%

Higher net margin than 87% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

62nd percentile

8.5%

Faster asset growth than 62% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

88th percentile

67%

Faster revenue growth than 88% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$2,682,548

Up $210,992 (+8.5%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$2,682,548

Up $210,992 (+8.5%) from 2023

Revenue

Up

$126,959

Up $50,735 (+67%) from 2023

Expenses

Up

$71,822

Up $22,319 (+45%) from 2023

Net Income

Up

$55,137

Up $28,416 (+106%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2011: $2,397,484Liabilities 2011: $0Net Assets 2011: $2,397,4842011Assets 2012: $2,381,964Liabilities 2012: $0Net Assets 2012: $2,381,9642012Assets 2013: $2,359,205Liabilities 2013: $0Net Assets 2013: $2,359,2052013Assets 2014: $2,330,459Liabilities 2014: $1Net Assets 2014: $2,330,4582014Assets 2015: $2,255,777Liabilities 2015: $0Net Assets 2015: $2,255,7772015Assets 2016: $2,317,923Liabilities 2016: $0Net Assets 2016: $2,317,9232016Assets 2017: $2,420,411Liabilities 2017: $0Net Assets 2017: $2,420,4112017Assets 2018: $2,252,902Liabilities 2018: $428Net Assets 2018: $2,252,4742018Assets 2019: $2,518,803Liabilities 2019: $0Net Assets 2019: $2,518,8032019Assets 2020: $2,604,965Liabilities 2020: $0Net Assets 2020: $2,604,9652020Assets 2021: $2,712,521Liabilities 2021: $0Net Assets 2021: $2,712,5212021Assets 2022: $2,189,384Liabilities 2022: $0Net Assets 2022: $2,189,3842022Assets 2023: $2,471,556Liabilities 2023: $0Net Assets 2023: $2,471,5562023Assets 2024: $2,682,548Liabilities 2024: $0Net Assets 2024: $2,682,5482024

Highlighted filing

2024

Assets$2,682,548
Liabilities$0
Net Assets$2,682,548

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2011: $61,283Expenses 2011: $68,798Net Income 2011: -$7,5152011Revenue 2012: $58,072Expenses 2012: $73,592Net Income 2012: -$15,5202012Revenue 2013: $46,520Expenses 2013: $69,279Net Income 2013: -$22,7592013Revenue 2014: $40,179Expenses 2014: $68,926Net Income 2014: -$28,7472014Revenue 2015: $62,844Expenses 2015: $64,176Net Income 2015: -$1,3322015Revenue 2016: $98,554Expenses 2016: $68,503Net Income 2016: $30,0512016Revenue 2017: $97,133Expenses 2017: $67,658Net Income 2017: $29,4752017Revenue 2018: $99,992Expenses 2018: $83,732Net Income 2018: $16,2602018Revenue 2019: $36,672Expenses 2019: $87,720Net Income 2019: -$51,0482019Revenue 2020: $133,092Expenses 2020: $84,936Net Income 2020: $48,1562020Revenue 2021: $294,537Expenses 2021: $82,998Net Income 2021: $211,5392021Revenue 2022: $89,925Expenses 2022: $124,802Net Income 2022: -$34,8772022Revenue 2023: $76,224Expenses 2023: $49,503Net Income 2023: $26,7212023Revenue 2024: $126,959Expenses 2024: $71,822Net Income 2024: $55,1372024

Highlighted filing

2024

Revenue$126,959
Expenses$71,822
Net Income$55,137

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.68$0.00$2.68$0.13$0.07$0.06
2023Detailed filing. Detailed filing data is available for this year.$2.47$0.00$2.47$0.08$0.05$0.03
2022Detailed filing. Detailed filing data is available for this year.$2.19$0.00$2.19$0.09$0.12$0.03
2021Detailed filing. Detailed filing data is available for this year.$2.71$0.00$2.71$0.29$0.08$0.21
2020Detailed filing. Detailed filing data is available for this year.$2.60$0.00$2.60$0.13$0.08$0.05
2019Detailed filing. Detailed filing data is available for this year.$2.52$0.00$2.52$0.04$0.09$0.05
2018Detailed filing. Detailed filing data is available for this year.$2.25$0.00$2.25$0.10$0.08$0.02
2017Detailed filing. Detailed filing data is available for this year.$2.42$0.00$2.42$0.10$0.07$0.03
2016Detailed filing. Detailed filing data is available for this year.$2.32$0.00$2.32$0.10$0.07$0.03
2015Detailed filing. Detailed filing data is available for this year.$2.26$0.00$2.26$0.06$0.06$0.00
2014Summary only. Only limited summary data is available for this year.$2.33$0.00$2.33$0.04$0.07$0.03
2013Summary only. Only limited summary data is available for this year.$2.36$0.00$2.36$0.05$0.07$0.02
2012Summary only. Only limited summary data is available for this year.$2.38$0.00$2.38$0.06$0.07$0.02
2011Summary only. Only limited summary data is available for this year.$2.40$0.00$2.40$0.06$0.07$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 13, 2025
Return Version
2024v5.2
Gross Receipts
$126,959
Mission and Program Overview

Mission

The purpose of the corporation is to engage in granting of monies for undergraduate educational scholarships for needy, worthy persons in South Carolina for attendance at in-state colleges, universities, vocational and technical schools.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,462,977$2,644,831▲ $181,854
Savings and Temporary Cash Investments$7,974$37,592▲ $29,618
Land, Buildings, and Equipment, Net$377$125▼ $252
Cash and Non-Interest-Bearing Accounts-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$2,471,556$2,682,548▲ $210,992
Other Assets Total$228$0▼ $228
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,471,556$2,682,548▲ $210,992
Total Net Assets Fund Balance$2,471,556$2,682,548▲ $210,992
Total Liabilities and Net Assets / Fund Balance$2,471,556$2,682,548▲ $210,992

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$125$2,060$2,185
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$126,959
Other Revenue
$0
Change in Net Assets
$55,137
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$42,100
Other Expenses$15,500
Salaries, Compensation, and Employee Benefits$14,222
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$42,100--$42,100
Other Salaries and Wages-$13,000-$13,000
Fees for Service Investment Mgmnt Fees-$12,940-$12,940
Fees for Services Accounting-$1,250-$1,250
Payroll Taxes-$1,222-$1,222
Office Expenses-$826-$826
Depreciation Depletion-$252-$252
Other Expenses-$232-$232
Total Functional Expenses$42,100$29,722$0$71,822
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Before the Form 990 is filed it will be given to the Board members to review.

Form 990, Part VI, Section C, Line 19

Disclosure of governing documents, policies, and financial statements are available upon request.

Part VI Section B. Policies question 15A

The organization does not employ a CEO, Executive Director or top management official. The voluntary board makes all the decisions of the organization.

Part VI Section B. Policies question 15B

The organization does not employ a CEO, Executive Director or top management official. The voluntary board makes all the decisions of the organization.

Filing and Contact Details

Filer

Filer Name
Strom Thurmond Foundation Inc
EIN
57-0442613
Phone
8034383857
Address
PO BOX 50214, Columbia, SC 29250

Signing Officer

Name
Robert R Smith II
Title
Secretaty/Treas
Signed
2025-08-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lt Col John W Powell Jr
Formed
1974
Legal Domicile
Sc
Voting Board Members
13
Independent Board Members
13
Employees
1

Preparer

Firm
The Hobbs Group PA
Address
1704 Laurel Street, Columbia, SC 29201
Preparer
Christina R Kelly CPA
Phone
8037990555
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IRS990/NetAssetsOrFundBalancesBOYAmt02471556
IRS990/NetAssetsOrFundBalancesEOYAmt02682548
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0155855
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02471556
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02682548
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0826
IRS990/OfficeExpensesGrp/TotalAmt0826
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0228
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Postage and Shipping
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0232
IRS990/OtherExpensesGrp/TotalAmt0232
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt013000
IRS990/OtherSalariesAndWagesGrp/TotalAmt013000
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01222
IRS990/PayrollTaxesGrp/TotalAmt01222
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Lt Col John W Powell Jr
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt021500
IRS990/PYInvestmentIncomeAmt076224
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt014008
IRS990/PYRevenuesLessExpensesAmt026721
IRS990/PYSalariesCompEmpBnftPaidAmt013995
IRS990/PYTotalExpensesAmt049503
IRS990/PYTotalRevenueAmt076224
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt055137
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt07974
IRS990/SavingsAndTempCashInvstGrp/EOYAmt037592
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType3FuncIntGrp/GovernmentalEntityInd0X
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd0true
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd0false
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd0true
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0The Foundation provides scholarships to various universities and colleges.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Part IV, Section E, Line 1c: Explain How Organization Supports Government Entity
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0570442613
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0false
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt042100
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Various SC Colleges Univ & Tech
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt042100
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0125
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02060
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02185
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0125
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt042100
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Scholarships for education purposes
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt021
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Before the Form 990 is filed it will be given to the Board members to review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Disclosure of governing documents, policies, and financial statements are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization does not employ a CEO, Executive Director or top management official. The voluntary board makes all the decisions of the organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization does not employ a CEO, Executive Director or top management official. The voluntary board makes all the decisions of the organization.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part VI Section B. Policies question 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part VI Section B. Policies question 15b
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0SC
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02471556
IRS990/TotalAssetsEOYAmt02682548
IRS990/TotalAssetsGrp/BOYAmt02471556
IRS990/TotalAssetsGrp/EOYAmt02682548
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt029722
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt042100
IRS990/TotalFunctionalExpensesGrp/TotalAmt071822
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02471556
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02682548
IRS990/TotalProgramServiceExpensesAmt042100
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0126959
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0126959
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02471556
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02682548
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0sites.google.com/site/stromthurmondfoundation
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true

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