Civic Intelligence

Greenville Tech Foundation Inc

EIN 57-0565961 • 501(c)3 • Greenville, SC

Profile

Provide financial assistance to greenville technical college and its students.

556 Perry Ave Suite B-110Greenville, SC 29611

www.greenvilletechfoundation.org

Siviq Scores

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

Liabilities / Assets

50th percentile

0.22x

Higher debt load relative to assets than 50% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

87th percentile

2.07x

Higher debt load relative to revenue than 87% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

46th percentile

3.1%

Higher net margin than 46% of similar nonprofits.

501(c)3 • $25M-$50M 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

42nd percentile

3.3%

Faster asset growth than 42% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

16th percentile

-12%

Faster revenue growth than 16% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets50th percentile

Assets

Up

$48,452,256

Up $1,568,753 (+3.3%) from 2023

Liabilities

Down

$10,648,968

Down $471,945 (-4.2%) from 2023

Net Assets

Up

$37,803,288

Up $2,040,698 (+5.7%) from 2023

Operations
Liabilities / Revenue87th percentileNet Margin46th percentile

Revenue

Down

$5,132,259

Down $729,795 (-12%) from 2023

Expenses

Up

$4,974,524

Up $897,885 (+22%) from 2023

Net Income

Down

$157,735

Down $1,627,680 (-91%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth42nd percentile

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

$60M$40M$20M$0Assets 2011: $36,021,074Liabilities 2011: $26,757,721Net Assets 2011: $9,263,3532011Assets 2012: $33,972,676Liabilities 2012: $25,247,876Net Assets 2012: $8,724,8002012Assets 2013: $34,471,056Liabilities 2013: $22,530,860Net Assets 2013: $11,940,1962013Assets 2014: $37,651,180Liabilities 2014: $23,477,751Net Assets 2014: $14,173,4292014Assets 2015: $39,136,249Liabilities 2015: $22,469,137Net Assets 2015: $16,667,1122015Assets 2016: $41,930,636Liabilities 2016: $21,355,686Net Assets 2016: $20,574,9502016Assets 2017: $42,768,525Liabilities 2017: $19,986,249Net Assets 2017: $22,782,2762017Assets 2018: $44,248,361Liabilities 2018: $18,855,726Net Assets 2018: $25,392,6352018Assets 2019: $47,395,871Liabilities 2019: $19,838,919Net Assets 2019: $27,556,9522019Assets 2020: $46,665,303Liabilities 2020: $19,254,060Net Assets 2020: $27,411,2432020Assets 2021: $48,319,535Liabilities 2021: $17,176,333Net Assets 2021: $31,143,2022021Assets 2022: $44,571,586Liabilities 2022: $11,452,360Net Assets 2022: $33,119,2262022Assets 2023: $46,883,503Liabilities 2023: $11,120,913Net Assets 2023: $35,762,5902023Assets 2024: $48,452,256Liabilities 2024: $10,648,968Net Assets 2024: $37,803,2882024

Highlighted filing

2024

Assets$48,452,256
Liabilities$10,648,968
Net Assets$37,803,288
Open 2024 Filing

Operations Trend

Revenue Growth16th percentile

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

$15M$10M$5.0M$0-$5.0MRevenue 2011: $5,409,616Expenses 2011: $4,457,054Net Income 2011: $952,5622011Revenue 2012: $6,034,601Expenses 2012: $5,053,045Net Income 2012: $981,5562012Revenue 2013: $6,270,138Expenses 2013: $5,684,614Net Income 2013: $585,5242013Revenue 2014: $8,398,020Expenses 2014: $4,577,351Net Income 2014: $3,820,6692014Revenue 2015: $7,197,259Expenses 2015: $4,345,253Net Income 2015: $2,852,0062015Revenue 2016: $8,087,304Expenses 2016: $4,813,736Net Income 2016: $3,273,5682016Revenue 2017: $6,302,146Expenses 2017: $5,570,911Net Income 2017: $731,2352017Revenue 2018: $8,538,184Expenses 2018: $4,472,326Net Income 2018: $4,065,8582018Revenue 2019: $7,151,880Expenses 2019: $6,145,608Net Income 2019: $1,006,2722019Revenue 2020: $5,236,305Expenses 2020: $6,033,204Net Income 2020: -$796,8992020Revenue 2021: $8,773,055Expenses 2021: $7,456,674Net Income 2021: $1,316,3812021Revenue 2022: $10,842,681Expenses 2022: $6,933,314Net Income 2022: $3,909,3672022Revenue 2023: $5,862,054Expenses 2023: $4,076,639Net Income 2023: $1,785,4152023Revenue 2024: $5,132,259Expenses 2024: $4,974,524Net Income 2024: $157,7352024

Highlighted filing

2024

Revenue$5,132,259
Expenses$4,974,524
Net Income$157,735
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$48,452,256
Liabilities
$10,648,968
Net assets
$37,803,288
Revenue
$5,132,259
Expenses
$4,974,524
Net income
$157,735
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$48.5$10.6$37.8$5.13$4.97$0.16
2023Detailed filing. Detailed filing data is available for this year.$46.9$11.1$35.8$5.86$4.08$1.79
2022Detailed filing. Detailed filing data is available for this year.$44.6$11.5$33.1$10.8$6.93$3.91
2021Detailed filing. Detailed filing data is available for this year.$48.3$17.2$31.1$8.77$7.46$1.32
2020Detailed filing. Detailed filing data is available for this year.$46.7$19.3$27.4$5.24$6.03$0.80
2019Detailed filing. Detailed filing data is available for this year.$47.4$19.8$27.6$7.15$6.15$1.01
2018Detailed filing. Detailed filing data is available for this year.$44.2$18.9$25.4$8.54$4.47$4.07
2017Detailed filing. Detailed filing data is available for this year.$42.8$20.0$22.8$6.30$5.57$0.73
2016Summary only. Only limited summary data is available for this year.$41.9$21.4$20.6$8.09$4.81$3.27
2015Summary only. Only limited summary data is available for this year.$39.1$22.5$16.7$7.20$4.35$2.85
2014Summary only. Only limited summary data is available for this year.$37.7$23.5$14.2$8.40$4.58$3.82
2013Summary only. Only limited summary data is available for this year.$34.5$22.5$11.9$6.27$5.68$0.59
2012Summary only. Only limited summary data is available for this year.$34.0$25.2$8.72$6.03$5.05$0.98
2011Summary only. Only limited summary data is available for this year.$36.0$26.8$9.26$5.41$4.46$0.95
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jul 17, 2025
Return Version
2024v5.0
Gross Receipts
$12,020,982
Mission and Program Overview

Mission

Provide financial assistance to greenville technical college and its students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$19,342,609$25,057,184▲ $5,714,575
Land, Buildings, and Equipment, Net$10,446,503$9,651,293▼ $795,210
Savings and Temporary Cash Investments$9,063,069$6,378,536▼ $2,684,533
Pledges and Grants Receivable$2,448,555$1,845,325▼ $603,230
Cash and Non-Interest-Bearing Accounts$917,661$980,707▲ $63,046
Prepaid Expenses and Deferred Charges$133,074$116,312▼ $16,762
Accounts Receivable$185,154$72,296▼ $112,858
Total Assets$46,883,503$48,452,256▲ $1,568,753
Other Assets Total$4,346,878$4,350,603▲ $3,725
Liabilities
Tax Exempt Bond Liabilities$5,798,365$5,542,579▼ $255,786
Other Liabilities$5,271,382$4,934,990▼ $336,392
Accounts Payable and Accrued Expenses$49,083$169,048▲ $119,965
Deferred Revenue$2,083$2,351▲ $268
Total Liabilities$11,120,913$10,648,968▼ $471,945
Net Assets / Fund Balance
Net Assets With Donor Restrictions$23,174,384$24,783,335▲ $1,608,951
Net Assets Without Donor Restrictions$12,588,206$13,019,953▲ $431,747
Total Net Assets Fund Balance$35,762,590$37,803,288▲ $2,040,698
Total Liabilities and Net Assets / Fund Balance$46,883,503$48,452,256▲ $1,568,753

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,411,741$5,067,288$10,479,029
Leasehold Improvements$4,188,084$5,890,487$10,078,571
Equipment$51,468$90,811$142,279
Other Assets Org$56,399--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$21,347,289$3,274,759▲ $2,302,727$244,030$25,993,870
2023$19,085,637$1,256,496▲ $1,714,833$117,027$21,347,289
2022$20,497,785$1,585,458▼ $2,247,649$134,185$19,085,637
2021$16,103,643$2,869,516▲ $2,138,991-$20,497,785
2020$14,319,614$416,765▲ $1,782,742-$16,103,643
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ann WrightVP for AdvanFT-$238,312$238,312
Dr Keith L MillerCollege Pres-$131,974-$131,974

Board Members and Trustees

NameTitle
David SudduthChair
Chad CousinsVice Chair
Jenna Hendricks McleodDirector
Jon JoffeDirector
Katie HowellDirector
Keith PooleDirector
Kimberly BaileyDirector
Lisa DaviesDirector
Michael MccormickDirector
Mike SnivelyDirector
Neetu PatelDirector
Steve SmithDirector
Tavia Cm GaddyDirector
Tiffany SantagatiDirector
Stacy BrandonImmediate Pa
Drew BolandSecretary/tr
Ann WrightVP for Advancement
Revenue and Support

Revenue Composition

Contributions and Grants
$2,566,429
Program Service Revenue
$916,898
Investment Income
$1,197,623
Other Revenue
$451,309
All Other Contributions
$2,368,890
Change in Net Assets
$157,735

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table13$62,071Fair Market Value (FMV)
Other Non Cash Contri Table16$29,196Fair Market Value (FMV)
Total Noncash Contributions29$91,267-

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,586,072
Revenue Not Reported on Financial Statements
$-1,453,813
Revenue Not Reported on Form 990
$1,899,068
Other Revenue Adjustments
$-1,532,296
Total Revenue per Audited Statements
$8,485,140
Total Revenue per Form 990
$5,132,259
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,499,259
Grants and Similar Amounts Paid$1,042,337
Salaries, Compensation, and Employee Benefits$432,928
Total Fundraising Expense$35,294
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$1,042,337--$1,042,337
Occupancy-$521,058-$521,058
Depreciation Depletion$315,919--$315,919
Interest$296,187--$296,187
Current Officers, Directors, Trustees, and Key Employees-$173,862-$173,862
Other Salaries and Wages-$165,815-$165,815
All Other Expenses$107,012--$107,012
Other Employee Benefits-$93,251-$93,251
Other Expenses$13,615$32,390$35,294$81,299
Fees for Services Management$57,144--$57,144
Information Technology-$56,835-$56,835
Fees for Services Lobbying$56,104--$56,104
Office Expenses-$25,563-$25,563
Fees for Services Accounting-$16,500-$16,500
Fees for Services Legal-$1,598-$1,598
Total Functional Expenses$3,852,358$1,086,872$35,294$4,974,524

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$6,444,442
Expenses per Audited Statements$4,974,524
Total Expenses per Form 990$4,974,524
Expenses Not Reported on Form 990$1,469,918
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$70,603
Fundraising Gross Income$8,225
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Wd Salute$205,764$8,225$70,603$-62,378
Total Events$205,764$8,225$70,603$-62,378
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$4,327,749
Security Deposit Payable$400,000
Interest Rate Swaps$194,543
Customer Deposits$12,698

Bond Issues

BondIssuerIssuedIssue PricePurpose
AJeda Bonds - Brashier Charter LLC2008-07-10$8,410,000CLASSROOM BUILDING

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$8,410,000-$2,867,421$266,135

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
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 7A

“The greenville tech alumni are allowed to elect one ex-officio member to the greenville tech foundation board.”

Form 990, Page 6, Part VI, Line 11B

“Foundation staff, management, and the finance/investment committee review the 990 tax return, which is then reviewed and approved by the full board.”

Form 990, Page 6, Part VI, Line 12C

“Annually, each director and officer shall sign a statement which affirms such person; (a) has received a copy of the conflict of interest policy; (b) has read and understands the policy; (c) has agreed to comply with the policy; and (d) understands that the foundation is charitable and, in order to maintain its federal tax exemption, must engage primarily in activities that accomplish one or more of its tax-exempt purposes.”

Form 990, Page 6, Part VI, Line 15A

“The foundation president/ceo reports to the greenville technical college president and the foundation board chair. The college president conducts his/her annual performance appraisal, after consulting with the foundation board chair.”

Form 990, Page 6, Part VI, Line 15B

“The staff of greenville tech foundation, inc. Are state employees employed by greenville technical college. The foundation pays the college for an appropriate percentage of the staff time. The staff are hired according to state human resource procedures; compensated according to state pay rates; and receive an annual performance appraisal from their supervisor. The foundation executive committee will meet in executive session at least annually, normally in october or november, to discuss any supplements or bonuses for staff to be recommended to the full board, normally at the november board meeting (also in executive session). The supplements or bonuses will normally take effect in january of the next year. Comparative data from other sources, including nonprofit organizations and community colleges in the region, may also be used as a guideline.”

Form 990, Page 6, Part VI, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Greenville Tech Foundation Inc
EIN
57-0565961
Phone
8642508497
Address
556 PERRY AVE SUITE B-110, GREENVILLE, SC 29611

Signing Officer

Name
Ann Wright
Title
VP for Advancement
Phone
8642508497
Signed
2025-07-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ann Wright
Formed
1973
Legal Domicile
Sc
Voting Board Members
16
Independent Board Members
16
Employees
0
Volunteers
8

Preparer

Firm
Phillips Cpas & Advisors
Address
201 LAVINIA AVE, GREENVILLE, SC 29601
Preparer
Matthew V Phillips
Phone
8642361380
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Interest rate swap income 228,227 change in charitable remainder trusts 111,481 mcalister square expenses 1,469,918 fundraising event expenses 62,378 mcalister square expenses -1,469,918 total 402,086”

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

“The endowment funds are used to generate revenue for scholarships, equipment, faculty and staff development, and departmental supplies and activities.”

Schedule D, Page 3, Part X

“Management has evaluated the tax positions of the foundation and does not believe that any uncertain tax positions or unrecognized tax benefits exist for the years ended december 31, 2024 and 2023, respectively. The foundation's policy is to report accrued interest related to unrecognized tax benefits, when applicable, as interest expense and to report penalties as other expense.”

Schedule D, Page 4, Part XI, Line 2D

“Interest rate swap income 228,227 change in charitable remainder trusts 111,481”

Schedule D, Page 4, Part XI, Line 4B

“Mcalister square expenses -1,469,918 fundraising event expenses -62,378”

Schedule D, Page 4, Part XII, Line 2D

“Mcalister square expenses 1,469,918”

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IRS990/Form990PartVIISectionAGrp/TitleTxt0VP FOR ADVAN
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IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
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IRS990/ProgSrvcAccomActy2Grp/Desc0CONSTRUCTED CLASSROOM AND GYMNASIUM FOR THE BRASHIER CHARTER MIDDLE SCHOOL CAMPUS AT THE REQUEST OF GREENVILLE TECHNICAL COLLEGE. CONTINUING REVENUE AND EXPENSES ARE FOR OWNERSHIP OF BUILDING BY GREENVILLE TECH FOUNDATION.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0GROSS INCOME-FUNDRAISING/MISC. INC. 483,541
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