Civic Intelligence

Piedmont Technical College Founda-

EIN 57-0622550 • 501(c)3 • Greenwood, SC

Profile

The piedmont technical college foundation is a 501(c)(3) non-profit corporation that provides financial support to the college beyond that which is obtained from traditional funding sources. The foundation attracts support from alumni and friends, business and industry, and grant-making organizations. It also raises money through annual giving plans, gift campaigns, and special events. The foundation also fills an advocacy role by communicating the needs of the college and its students to supporters in the community and to public officials at the local, state, and national levels.

Post Office Box 1467Greenwood, SC 29648

www.ptc.edu/ABOUT/FOUNDATION

Siviq Scores

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

Liabilities / Assets

9th percentile

0.00x

Higher debt load relative to assets than 9% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

11th percentile

0.01x

Higher debt load relative to revenue than 11% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Net Margin

90th percentile

54%

Higher net margin than 90% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

76th percentile

16%

Faster asset growth than 76% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Revenue Growth

95th percentile

148%

Faster revenue growth than 95% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets9th percentile

Assets

Up

$13,197,849

Up $1,843,740 (+16%) from 2024

Liabilities

Down

$22,758

Down $2,405 (-9.6%) from 2024

Net Assets

Up

$13,175,091

Up $1,846,145 (+16%) from 2024

Operations
Liabilities / Revenue11th percentileNet Margin90th percentile

Revenue

Up

$2,234,604

Up $1,332,446 (+148%) from 2024

Expenses

Up

$1,038,947

Up $102,723 (+11%) from 2024

Net Income

Up

$1,195,657

Up $1,229,723 (+3610%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth76th percentile

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

$15M$10M$5.0M$0Assets 2011: $8,357,110Liabilities 2011: $460,691Net Assets 2011: $7,896,4192011Assets 2012: $7,078,886Liabilities 2012: $487,059Net Assets 2012: $6,591,8272012Assets 2013: $6,947,411Liabilities 2013: $292,406Net Assets 2013: $6,655,0052013Assets 2014: $8,194,108Liabilities 2014: $483,102Net Assets 2014: $7,711,0062014Assets 2015: $7,960,854Liabilities 2015: $24,107Net Assets 2015: $7,936,7472015Assets 2016: $8,201,326Liabilities 2016: $21,512Net Assets 2016: $8,179,8142016Assets 2017: $8,138,075Liabilities 2017: $14,299Net Assets 2017: $8,123,7762017Assets 2018: $8,547,534Liabilities 2018: $14,298Net Assets 2018: $8,533,2362018Assets 2019: $8,951,892Liabilities 2019: $6,885Net Assets 2019: $8,945,0072019Assets 2020: $9,477,208Liabilities 2020: $5,053Net Assets 2020: $9,472,1552020Assets 2021: $11,201,364Liabilities 2021: $4,355Net Assets 2021: $11,197,0092021Assets 2022: $10,236,347Liabilities 2022: $40,582Net Assets 2022: $10,195,7652022Assets 2023: $10,752,994Liabilities 2023: $25,426Net Assets 2023: $10,727,5682023Assets 2024: $11,354,109Liabilities 2024: $25,163Net Assets 2024: $11,328,9462024Assets 2025: $13,197,849Liabilities 2025: $22,758Net Assets 2025: $13,175,0912025

Highlighted filing

2025

Assets$13,197,849
Liabilities$22,758
Net Assets$13,175,091
Open 2025 Filing

Operations Trend

Revenue Growth95th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $936,723Expenses 2011: $676,770Net Income 2011: $259,9532011Expenses 2012: $851,1372012Expenses 2013: $857,1922013Revenue 2014: $1,765,141Expenses 2014: $885,496Net Income 2014: $879,6452014Revenue 2015: $1,088,297Expenses 2015: $780,045Net Income 2015: $308,2522015Revenue 2016: $1,362,146Expenses 2016: $881,451Net Income 2016: $480,6952016Revenue 2017: $1,014,661Expenses 2017: $1,306,629Net Income 2017: -$291,9682017Revenue 2018: $1,572,550Expenses 2018: $1,021,597Net Income 2018: $550,9532018Revenue 2019: $975,432Expenses 2019: $764,958Net Income 2019: $210,4742019Revenue 2020: $1,183,416Expenses 2020: $692,574Net Income 2020: $490,8422020Revenue 2021: $1,184,139Expenses 2021: $602,172Net Income 2021: $581,9672021Revenue 2022: $1,367,115Expenses 2022: $982,790Net Income 2022: $384,3252022Revenue 2023: $667,282Expenses 2023: $761,525Net Income 2023: -$94,2432023Revenue 2024: $902,158Expenses 2024: $936,224Net Income 2024: -$34,0662024Revenue 2025: $2,234,604Expenses 2025: $1,038,947Net Income 2025: $1,195,6572025

Highlighted filing

2025

Revenue$2,234,604
Expenses$1,038,947
Net Income$1,195,657
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$13,197,849
Liabilities
$22,758
Net assets
$13,175,091
Revenue
$2,234,604
Expenses
$1,038,947
Net income
$1,195,657
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$13.2$0.02$13.2$2.23$1.04$1.20
2024Detailed filing. Detailed filing data is available for this year.$11.4$0.03$11.3$0.90$0.94$0.03
2023Detailed filing. Detailed filing data is available for this year.$10.8$0.03$10.7$0.67$0.76$0.09
2022Detailed filing. Detailed filing data is available for this year.$10.2$0.04$10.2$1.37$0.98$0.38
2021Detailed filing. Detailed filing data is available for this year.$11.2$0.00$11.2$1.18$0.60$0.58
2020Detailed filing. Detailed filing data is available for this year.$9.48$0.01$9.47$1.18$0.69$0.49
2019Detailed filing. Detailed filing data is available for this year.$8.95$0.01$8.95$0.98$0.76$0.21
2018Detailed filing. Detailed filing data is available for this year.$8.55$0.01$8.53$1.57$1.02$0.55
2017Detailed filing. Detailed filing data is available for this year.$8.14$0.01$8.12$1.01$1.31$0.29
2016Detailed filing. Detailed filing data is available for this year.$8.20$0.02$8.18$1.36$0.88$0.48
2015Detailed filing. Detailed filing data is available for this year.$7.96$0.02$7.94$1.09$0.78$0.31
2014Detailed filing. Detailed filing data is available for this year.$8.19$0.48$7.71$1.77$0.89$0.88
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.95$0.29$6.66$0.86
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.08$0.49$6.59$0.85
2011Summary only. Only limited summary data is available for this year.$8.36$0.46$7.90$0.94$0.68$0.26
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Nov 11, 2025
Return Version
2024v5.0
Gross Receipts
$4,519,845
Mission and Program Overview

Mission

The piedmont technical college foundation is a 501(c)(3) non-profit corporation that provides financial support to the college beyond that which is obtained from traditional funding sources. The foundation attracts support from alumni and friends, business and industry, and grant-making organizations. It also raises money through annual giving plans, gift campaigns, and special events. The foundation also fills an advocacy role by communicating the needs of the college and its students to supporters in the community and to public officials at the local, state, and national levels.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$8,050,353$9,861,647▲ $1,811,294
Land, Buildings, and Equipment, Net$2,540,612$2,475,332▼ $65,280
Cash and Non-Interest-Bearing Accounts$220,597$309,166▲ $88,569
Pledges and Grants Receivable$33,322$46,068▲ $12,746
Accounts Receivable$8,612$11,328▲ $2,716
Total Assets$11,354,109$13,197,849▲ $1,843,740
Other Assets Total$500,613$494,308▼ $6,305
Liabilities
Accounts Payable and Accrued Expenses$16,927$14,365▼ $2,562
Deferred Revenue$6,167$6,167→ $0
Other Liabilities$2,069$2,226▲ $157
Total Liabilities$25,163$22,758▼ $2,405
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,481,996$9,220,286▲ $738,290
Net Assets With Donor Restrictions$2,846,950$3,954,805▲ $1,107,855
Total Net Assets Fund Balance$11,328,946$13,175,091▲ $1,846,145
Total Liabilities and Net Assets / Fund Balance$11,354,109$13,197,849▲ $1,843,740

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,448,730$1,131,950$2,580,680
Land$968,926-$968,926
Other Land Buildings$57,676-$57,676

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$3,968,178$142,239▲ $369,312$2$4,367,351
2023$3,538,104$149,668▲ $464,537-$3,968,178
2022$3,412,187$88,608▲ $191,818-$3,538,104
2021$3,984,344$133,047▼ $551,943-$3,412,187
2020$3,252,072$52,152▲ $791,705-$3,984,344
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleOtherTotal
Laura DudleyEd 7/1/24$88,178$88,178

Board Members and Trustees

NameTitle
Jim MedfordBoard Chair
Alicia PadgettBoard Member
Anna Marie MccartyBoard Member
Carlton MatthewsBoard Member
Dan HobbsBoard Member
David TompkinsBoard Member
Diane AndersonBoard Member
Earl Bradford ForrestBoard Member
H George Piersol IiBoard Member
Jeff FieldBoard Member
Jeff T WilsonBoard Member
Jerry StevensBoard Member
Justin BenfieldBoard Member
Kristine ManskeBoard Member
Mamie BanksBoard Member
Matt LoganBoard Member
Miriam B AdamsBoard Member
Rocky DunkmanBoard Member
Theo L LaneBoard Member
Travis GunterBoard Member
Thomas H Herlong SrBoard Treasu
Charles R WilliamsBd Member Em
Peter J ManningBd Member Em
Steve O WhiteBd Member Em
Revenue and Support

Revenue Composition

Contributions and Grants
$1,660,305
Program Service Revenue
$0
Investment Income
$285,882
Other Revenue
$288,417
All Other Contributions
$1,660,305
Change in Net Assets
$1,195,657

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table3$313,100Comparable Value
Total Noncash Contributions3$313,100-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,334,642
Revenue Not Reported on Financial Statements
$-100,038
Revenue Not Reported on Form 990
$668,094
Other Revenue Adjustments
$-148,160
Total Revenue per Audited Statements
$3,002,736
Total Revenue per Form 990
$2,234,604
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$710,533
Other Expenses$278,414
Salaries, Compensation, and Employee Benefits$50,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$710,533--$710,533
Occupancy-$77,925-$77,925
Depreciation Depletion-$65,280-$65,280
Other Salaries and Wages$50,000--$50,000
Fees for Service Investment Mgmnt Fees-$48,122-$48,122
Fees for Services Accounting-$22,000-$22,000
All Other Expenses$2,090$18,090-$20,180
Conferences and Meetings-$9,967-$9,967
Advertising$6,650--$6,650
Other Expenses$4,842--$4,842
Insurance-$4,373-$4,373
Office Expenses-$795-$795
Total Functional Expenses$792,395$246,552$0$1,038,947

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,156,591
Total Expenses per Form 990$1,038,947
Expenses per Audited Statements$990,825
Expenses Not Reported on Form 990$165,766
Expenses Not Reported on Financial Statements$48,122
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Piedmont Technical CollegeGreenwood, SC501c3Scholarships$397,433
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$43,576
Fundraising Direct Expenses$3,409
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$25,711$25,711-$25,711
5k$17,865$17,865-$17,865
Total Events$43,576$43,576$3,409$40,167
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
David TompkinsBoard MemberChking & Inv AccountNo$4,376,000
Jerry StevensBoard MemberInvestment AccountNo$4,014,000
Peter J ManningBd Member EmeriEndowmentNo$52,000
Jeff T WilsonBoard MemberFiber LeaseNo$34,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“A copy of form 990 was made available to the board of directors for review prior to filing.”

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

“The foundation has a written conflict of interest policy in place.”

Form 990, Page 6, Part VI, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Piedmont Technical College Founda-
EIN
57-0622550
Phone
8649418351
Address
POST OFFICE BOX 1467, GREENWOOD, SC 29648

Signing Officer

Name
Laura Dudley
Title
Ed 7/1/24
Phone
8649418305
Signed
2025-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laura Dudley
Formed
1975
Legal Domicile
Sc
Voting Board Members
21
Independent Board Members
21
Employees
0
Volunteers
39

Preparer

Firm
Manley Garvin LLC
Address
PO BOX 429, GREENWOOD, SC 29648
Preparer
Joshua C Garvin
Phone
8642294951
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The piedmont technical college foundation is a 501(c)(3) non-profit corporation that provides financial support to the college beyond that which is obtained from traditional funding sources. The foundation attracts support from alumni and friends, business and industry, and grant-making organizations. It also raises money through annual giving plans, gift campaigns, and special events. The foundation also fills an advocacy role by communicating the needs of the college and its students to supporters in the community and to public officials at the local, state, and national levels.”

Form 990, Part XI, Line 9

“Increase in csv of life insurance 0 expense for fundraising activity 3,409 expense for rental activities 14,197 expenses related to personal property rental 148,160 expenses related to personal property rental -148,160 expenses related to fundraising -3,409 expenses related to rental activities -14,197”

Financial Statement Notes

Schedule D, Page 3, Part X

“When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. Management is not aware of any material uncertain tax positions. If applicable, interest and penalties associated with unrecognized tax benefits are classified as additional income taxes in the statement of activity. The foundation is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Management believes it is no longer subject to income tax examinations for the years prior to 2021.”

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

“Increase in csv of life insurance 0 expense for fundraising activity 3,409 expense for rental activities 14,197”

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

“Expenses related to personal property rental -148,160”

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

“Expenses related to personal property rental 148,160 expenses related to fundraising 3,409 expenses related to rental activities 14,197”

Schedule D, Page 4, Part XIII

“Part v, line 4: the foundation's endowments consist of individual funds established for a variety of purposes.”

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