Civic Intelligence

Strom Thurmond Foundation Inc.

990 • Fiscal year 2018 • EIN 57-0442613

Jan 01, 2018 to Dec 31, 2018 • Filed on May 14, 2019

Organization Profilesites.google.com/site/stromthurmondfoundation
PO Box 50214Columbia, SC 29250

(803) 438-3857

Siviq Scores

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

Liabilities / Assets

15th percentile

0.00x

Higher debt load relative to assets than 15% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

19th percentile

0.00x

Higher debt load relative to revenue than 19% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

74th percentile

16%

Higher net margin than 74% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

19th percentile

-6.9%

Faster asset growth than 19% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

48th percentile

2.9%

Faster revenue growth than 48% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets15th percentile

Assets

Down

$2,252,902

Down $167,509 (-6.9%) from 2017

Net Assets

Down

$2,252,474

Down $167,937 (-6.9%) from 2017

Liabilities

Up

$428

Up $428 from 2017

Revenue And Expenses
Liabilities / Revenue19th percentileNet Margin74th percentile

Revenue

Up

$99,992

Up $2,859 (+2.9%) from 2017

Expenses

Up

$83,732

Up $16,074 (+24%) from 2017

Net Income

Down

$16,260

Down $13,215 (-45%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth19th percentile

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

$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

2018

Assets$2,252,902
Liabilities$428
Net Assets$2,252,474
Open 2018 Filing

Operations Trend

Revenue Growth48th percentile

Revenue, expenses, and net income across loaded years, with this 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

2018

Revenue$99,992
Expenses$83,732
Net Income$16,260
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 14, 2019
Return Version
2018v3.1
Gross Receipts
$99,992
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$2,321,739$2,138,129▼ $183,610
Savings and Temporary Cash Investments$98,361$114,669▲ $16,308
Land, Buildings, and Equipment, Net$311$104▼ $207
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$2,420,411$2,252,902▼ $167,509
Other Assets Total-$0-
Liabilities
Other Liabilities-$428-
Total Liabilities$0$428▲ $428
Net Assets / Fund Balance
Unrestricted Net Assets$2,420,411$2,252,474▼ $167,937
Total Net Assets Fund Balance$2,420,411$2,252,474▼ $167,937
Total Liabilities and Net Assets / Fund Balance$2,420,411$2,252,902▼ $167,509

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$104$1,696$1,800
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Lt Col John W Powell JrPresident
Dr J William ThurmondVice President
Betty BoatwrightMember
Dr Forest MahanMember
Dr Sandra JordanMember
Elise CrosbyMember
Gina G JonesMember
J Kenneth RentiersMember
John BishopMember
Joseph R McCroreyMember
Robert S BarkleyMember
Scott VerzylMember
Robert R Smith IISecretaty/Treas
Revenue and Support

Revenue Composition

Contributions and Grants
$800
Program Service Revenue
$0
Investment Income
$99,192
Other Revenue
$0
All Other Contributions
$800
Change in Net Assets
$16,260
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$67,000
Salaries, Compensation, and Employee Benefits$14,390
Other Expenses$2,342
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$67,000--$67,000
Other Salaries and Wages-$13,483-$13,483
Payroll Taxes-$907-$907
Fees for Services Accounting-$850-$850
Office Expenses-$565-$565
Other Expenses$345$375-$345
Depreciation Depletion-$207-$207
Total Functional Expenses$67,345$16,387$0$83,732
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$428
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
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, Line 11B: Form 990 Review Process

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

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“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
2019-05-14
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/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Miscellaneous
IRS990/OtherExpensesGrp/Desc1Postage and Shipping
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0375
IRS990/OtherExpensesGrp/ProgramServicesAmt0345
IRS990/OtherExpensesGrp/TotalAmt0375
IRS990/OtherExpensesGrp/TotalAmt1345
IRS990/OtherLiabilitiesGrp/EOYAmt0428
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt013483
IRS990/OtherSalariesAndWagesGrp/TotalAmt013483
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0907
IRS990/PayrollTaxesGrp/TotalAmt0907
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Lt Col John W Powell Jr
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0Costs associated with selecting, printing, and sending scholarships to recipients
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0345
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt057000
IRS990/PYInvestmentIncomeAmt097133
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01585
IRS990/PYRevenuesLessExpensesAmt029475
IRS990/PYSalariesCompEmpBnftPaidAmt09073
IRS990/PYTotalExpensesAmt067658
IRS990/PYTotalRevenueAmt097133
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt016260
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt098361
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0114669
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/SupportAmt067000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Various SC Colleges Univ & Tech
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt067000
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0104
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01696
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01800
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0428
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Payroll Liabilities
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0104
IRS990ScheduleD/TotalLiabilityAmt0428
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt067000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Scholarships for education purposes
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt070
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, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02420411
IRS990/TotalAssetsEOYAmt02252902
IRS990/TotalAssetsGrp/BOYAmt02420411
IRS990/TotalAssetsGrp/EOYAmt02252902
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0800
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt016387
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt067345
IRS990/TotalFunctionalExpensesGrp/TotalAmt083732
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt0428
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0428
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02420411

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,252,902
Liabilities
$428
Net assets
$2,252,474
Revenue
$99,992
Expenses
$83,732
Net income
$16,260
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