Civic Intelligence

Etv Endowment of South Carolina Inc

EIN 57-0657549 • 501(c)3 • Spartanburg, SC

Profile

The ETV Endowment of South Carolina is a 501(c)(3) nonprofit founded in 1977 that provides funding for programming broadcast on South Carolina ETV, South Carolina Public Radio and other public media stations.

401 East Kennedy Street Suite B-1Spartanburg, SC 29302

www.etvendowment.org

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.08x

Higher debt load relative to assets than 32% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Liabilities / Revenue

43rd percentile

0.22x

Higher debt load relative to revenue than 43% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Net Margin

69th percentile

14%

Higher net margin than 69% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Top Officer Pay

60th percentile

$308,700

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Asset Growth

65th percentile

9.4%

Faster asset growth than 65% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Revenue Growth

42nd percentile

4.5%

Faster revenue growth than 42% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Assets

Up

$41,777,220

Up $3,603,862 (+9.4%) from 2024

Liabilities

Up

$3,168,945

Up $575,060 (+22%) from 2024

Net Assets

Up

$38,608,275

Up $3,028,802 (+8.5%) from 2024

Revenue

Up

$14,606,823

Up $623,427 (+4.5%) from 2024

Expenses

Up

$12,546,958

Up $1,522,203 (+14%) from 2024

Net Income

Down

$2,059,865

Down $898,776 (-30%) from 2024

Trend Graphs

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2011: $18,668,439Liabilities 2011: $1,621,479Net Assets 2011: $17,046,9602011Assets 2012: $18,049,696Liabilities 2012: $972,990Net Assets 2012: $17,076,7062012Assets 2013: $18,688,516Liabilities 2013: $717,231Net Assets 2013: $17,971,2852013Assets 2014: $20,699,774Liabilities 2014: $783,943Net Assets 2014: $19,915,8312014Assets 2015: $21,586,468Liabilities 2015: $932,228Net Assets 2015: $20,654,2402015Assets 2016: $20,931,880Liabilities 2016: $744,560Net Assets 2016: $20,187,3202016Assets 2017: $23,550,681Liabilities 2017: $820,020Net Assets 2017: $22,730,6612017Assets 2018: $25,703,948Liabilities 2018: $1,095,702Net Assets 2018: $24,608,2462018Assets 2019: $27,197,359Liabilities 2019: $1,288,520Net Assets 2019: $25,908,8392019Assets 2020: $28,605,985Liabilities 2020: $922,000Net Assets 2020: $27,683,9852020Assets 2021: $34,650,598Liabilities 2021: $1,347,258Net Assets 2021: $33,303,3402021Assets 2022: $31,848,009Liabilities 2022: $1,746,258Net Assets 2022: $30,101,7512022Assets 2023: $34,927,814Liabilities 2023: $2,782,833Net Assets 2023: $32,144,9812023Assets 2024: $38,173,358Liabilities 2024: $2,593,885Net Assets 2024: $35,579,4732024Assets 2025: $41,777,220Liabilities 2025: $3,168,945Net Assets 2025: $38,608,2752025

Highlighted filing

2025

Assets$41,777,220
Liabilities$3,168,945
Net Assets$38,608,275

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2011: $6,572,8412011Revenue 2012: $6,311,257Expenses 2012: $6,281,511Net Income 2012: $29,7462012Expenses 2013: $6,318,0102013Revenue 2014: $8,750,223Expenses 2014: $6,805,677Net Income 2014: $1,944,5462014Revenue 2015: $7,619,967Expenses 2015: $6,881,558Net Income 2015: $738,4092015Revenue 2016: $7,077,349Expenses 2016: $7,544,269Net Income 2016: -$466,9202016Revenue 2017: $7,992,763Expenses 2017: $7,062,134Net Income 2017: $930,6292017Revenue 2018: $8,883,282Expenses 2018: $7,408,773Net Income 2018: $1,474,5092018Revenue 2019: $9,293,696Expenses 2019: $7,905,265Net Income 2019: $1,388,4312019Revenue 2020: $10,371,222Expenses 2020: $8,703,824Net Income 2020: $1,667,3982020Revenue 2021: $10,825,348Expenses 2021: $9,313,731Net Income 2021: $1,511,6172021Revenue 2022: $11,204,274Expenses 2022: $9,761,112Net Income 2022: $1,443,1622022Revenue 2023: $12,417,364Expenses 2023: $10,316,814Net Income 2023: $2,100,5502023Revenue 2024: $13,983,396Expenses 2024: $11,024,755Net Income 2024: $2,958,6412024Revenue 2025: $14,606,823Expenses 2025: $12,546,958Net Income 2025: $2,059,8652025

Highlighted filing

2025

Revenue$14,606,823
Expenses$12,546,958
Net Income$2,059,865

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$41.8$3.17$38.6$14.6$12.5$2.06
2024Detailed filing. Detailed filing data is available for this year.$38.2$2.59$35.6$14.0$11.0$2.96
2023Detailed filing. Detailed filing data is available for this year.$34.9$2.78$32.1$12.4$10.3$2.10
2022Detailed filing. Detailed filing data is available for this year.$31.8$1.75$30.1$11.2$9.76$1.44
2021Detailed filing. Detailed filing data is available for this year.$34.7$1.35$33.3$10.8$9.31$1.51
2020Detailed filing. Detailed filing data is available for this year.$28.6$0.92$27.7$10.4$8.70$1.67
2019Detailed filing. Detailed filing data is available for this year.$27.2$1.29$25.9$9.29$7.91$1.39
2018Detailed filing. Detailed filing data is available for this year.$25.7$1.10$24.6$8.88$7.41$1.47
2017Detailed filing. Detailed filing data is available for this year.$23.6$0.82$22.7$7.99$7.06$0.93
2016Detailed filing. Detailed filing data is available for this year.$20.9$0.74$20.2$7.08$7.54$0.47
2015Detailed filing. Detailed filing data is available for this year.$21.6$0.93$20.7$7.62$6.88$0.74
2014Detailed filing. Detailed filing data is available for this year.$20.7$0.78$19.9$8.75$6.81$1.94
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.7$0.72$18.0$6.32
2012Summary only. Only limited summary data is available for this year.$18.0$0.97$17.1$6.31$6.28$0.03
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.7$1.62$17.0$6.57
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Nov 14, 2025
Return Version
2024v5.1
Gross Receipts
$21,889,165
Mission and Program Overview

Mission

The etv endowment of south carolina, inc. Is a 501(c)(3) nonprofit, which exists solely to support the programming of scetv and sc public radio, south carolina's unique media voices in education and public media.

The ETV Endowment of South Carolina is a 501(c)(3) nonprofit founded in 1977 that provides funding for programming broadcast on South Carolina ETV, South Carolina Public Radio and other public media stations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$32,642,220$35,848,803▲ $3,206,583
Savings and Temporary Cash Investments$4,786,964$5,255,202▲ $468,238
Accounts Receivable$206,562$170,916▼ $35,646
Land, Buildings, and Equipment, Net$97,119$93,490▼ $3,629
Pledges and Grants Receivable$57,354$86,343▲ $28,989
Prepaid Expenses and Deferred Charges$35,400$40,680▲ $5,280
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Loans From Officers Directors$0$0→ $0
Total Assets$38,173,358$41,777,220▲ $3,603,862
Other Assets Total$347,739$281,786▼ $65,953
Liabilities
Accounts Payable and Accrued Expenses$1,793,412$2,198,143▲ $404,731
Other Liabilities$749,550$777,646▲ $28,096
Deferred Revenue$50,923$193,156▲ $142,233
Total Liabilities$2,593,885$3,168,945▲ $575,060
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$28,955,762$31,794,764▲ $2,839,002
Net Assets With Donor Restrictions$6,623,711$6,813,511▲ $189,800
Total Net Assets Fund Balance$35,579,473$38,608,275▲ $3,028,802
Total Liabilities and Net Assets / Fund Balance$38,173,358$41,777,220▲ $3,603,862

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$32,983$178,672$211,655
Land$45,209-$45,209
Other Land Buildings$15,298$28,554$43,852
Leasehold Improvements$0$1,052$1,052

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$26,783,414-▲ $3,350,844-$30,134,258
2023$23,976,617-▲ $2,806,797-$26,783,414
2022$22,055,583-▲ $1,921,034-$23,976,617
2021$25,483,183-▼ $3,427,600-$22,055,583
2020$19,996,447-▲ $5,486,736-$25,483,183
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Coby C Latham CPA CFREExecutive DirectorFT$234,858$60,883$295,741
Lauren ChiversFinancial OfficerFT$144,938$37,415$182,353

Board Members and Trustees

NameTitle
Catherine EdwardsPresident
Eleanor DunlapVice-President
Cheryl GrantBoard Member
David BuckshornBoard Member
Howard EfirdBoard Member
Jim O StuckeyBoard Member
Jimmy GulledgeBoard Member
Katharine McNulty HubbardBoard Member
L Andrew Westbrook IIIBoard Member
Lane GilpinBoard Member
Macaulay SmithBoard Member
Michelle Logan-OwensBoard Member
Natalie Parker BluesteinBoard Member
Pamela WilliamsBoard Member
Patti McAbee-EisonBoard Member
Preston SabalisBoard Member
Rose Buyck NewtonBoard Member
Sally Self MDBoard Member
Wes HayesBoard Member
DR Ruben MontalvoBoard Member - Retired
Helen HollandBoard Member - Retired
James W BradshawBoard Member - Retired
Traci Young Cooper Ed DSecretary
William A FinnTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Allegiance Fundraising LLCDirect MailPO Box 9132, Fargo, ND 85106$585,203
University of FloridaTV and Radio Programming2200 Weimer Hall, Gainesville, FL 32611$218,545
The Grand Tour Travel Company LLCTour Guide/Trip PlannerPO Box 274, Peterborough, NH 03458$150,610
American Public TelevisionTV Purchased Programs10 Post Office Square STE 1200, Boston, MA 02109$138,977
Forest Incentives LTDDonor Thank-You Gifts626 Jacksonville Road Ste 150, Warminster, PA 18974$132,735
Revenue and Support

Revenue Composition

Contributions and Grants
$10,869,998
Program Service Revenue
$790,394
Investment Income
$2,905,781
Other Revenue
$40,650
All Other Contributions
$2,729,549
Change in Net Assets
$2,059,865

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Cars and Other Vehicles393$206,425Market value
Securities Publicly Traded24$97,202Market value
Total Noncash Contributions417$303,627-

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,125,143
Revenue Not Reported on Financial Statements
$-518,320
Revenue Not Reported on Form 990
$1,522,016
Other Revenue Adjustments
$-558,320
Total Revenue per Audited Statements
$16,647,159
Total Revenue per Form 990
$14,606,823
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,867,160
Grants and Similar Amounts Paid$2,290,227
Salaries, Compensation, and Employee Benefits$1,351,805
Total Fundraising Expense$861,920
Professional Fundraising Fees$37,766

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,290,227--$2,290,227
Other Salaries and Wages$531,572$97,016-$628,588
Current Officers, Directors, Trustees, and Key Employees$24,547$392,750$73,641$490,938
Other Expenses$317,239$31,729$42,884$391,852
All Other Expenses$91,869$99,525$2,500$193,894
Fees for Services Other$125,939$32,489$0$158,428
Other Employee Benefits$53,109$47,063$6,843$107,015
Advertising$93,778-$12,138$105,916
Payroll Taxes$38,821$34,189$5,141$78,151
Information Technology$30,332$32,860-$63,192
Occupancy$24,389$26,421-$50,810
Pension Plan Contributions$23,403$20,611$3,099$47,113
Fees for Service Investment Mgmnt Fees-$40,000-$40,000
Fees for Services Professional Fundraising--$37,766$37,766
Depreciation Depletion$7,193$28,904-$36,097
Travel$12,645$13,699$6,111$32,455
Fees for Services Accounting$14,557$15,771-$30,328
Insurance$8,766$9,497-$18,263
Office Expenses$6,575$7,123-$13,698
Conferences and Meetings$4,444$4,814-$9,258
Fees for Services Legal$661$716-$1,377
Total Functional Expenses$10,749,861$935,177$861,920$12,546,958

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$13,618,357
Total Expenses per Form 990$12,546,958
Expenses per Audited Statements$12,506,958
Expenses Not Reported on Form 990$1,111,399
Expenses Not Reported on Financial Statements$40,000
Other Expense Adjustments$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
South Carolina Educational Communications IncSpartanburg, SC501(c)(3)Program Production$2,290,227
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$598,970
Fundraising Direct Expenses$558,320
Professional Fundraising Fees$37,766

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
South Africa Trip$444,604$413,604$391,152$22,452
Spain Trip$177,062$158,062$152,295$5,767
Total Events$648,970$598,970$558,320$40,650
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
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal Income Taxes$518,668
Due to South Carolina Educational Communications, Inc.$145,865
Restricted Accrued Expenses$113,113
Operating Lease Liabilities-
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 18

The organization's form 990 is available upon request. Recent filings of the form 990 are made available on the organization's website at etvendowment.org as well as online at www.candid.org and www.charitynavigator.org

Form 990, Part VI, Line 1A Material differences in voting rights

Executive committee is composed of the officers of the organization and such other trustees of the organization as may be appointed annually by the president. The executive committee may exercise the powers of the board of trustees, between meetings of the board provided, however, the actions of the executive committee are submitted to the board for ratification at its next meeting.

Form 990, Part VI, Line 11B Review of form 990 by governing body

By vote of the board of trustees, the audit committee has been delegated line-item responsibility for the review and approval of the form 990. The approved form 990 is then distributed to the full board for review and approval prior to filing.

Form 990, Part VI, Line 12C Conflict of interest policy

The board of trustees has approved a conflict of interest policy and disclosure statement. All trustees and employees must sign statements annually, which are monitored by the executive director. The minutes of the board meeting reflect this annual disclosure and review.

Form 990, Part VI, Line 15A Process to establish compensation of top management official

The Compensation Committee of the Board meets at least annually to establish and approve the compensation of the Executive Director based on salary surveys, a compensation study, organizational goals and benchmarks.

Form 990, Part VI, Line 15B Process to establish compensation of other employees

The Compensation Committee of the Board meets at least annually to establish and approve salary ranges for each position of the organization. The compensation of officers other than the Executive Director is determined by the Executive Director within the salary ranges approved by the committee. Such compensation is based on salary surveys, a compensation study, organizational goals and benchmarks.

Form 990, Part VI, Line 19 Required documents available to the public

The financial statements are available on the organization's website. The governing documents and conflict of interest policy of etv endowment of south carolina, inc. Are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
ETV Endowment of South Carolina Inc
EIN
57-0657549
Phone
8645910046
Address
401 East Kennedy Street Suite B-1, Spartanburg, SC 29302

Signing Officer

Name
Coby C Latham
Title
Executive Director
Phone
8645910046
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Formed
1977
Legal Domicile
Sc
Voting Board Members
23
Independent Board Members
23
Employees
29
Volunteers
26

Preparer

Firm
Forvis Mazars LLP
Address
500 Ridgefield Court, Asheville, NC 28806
Preparer
Amy Bibby
Phone
8282542254
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 2A

Employees: the etv endowment employs 12 full-time employees, one part-time employee and eight student summer interns. For more than four decades, the etv endowment internship program has provided college students the opportunity to obtain hands-on experience in public broadcasting with etv and sc public radio each summer. Students work ten weeks in a professional department at etv or sc public radio. In fy 2025, eight internship positions were funded by the etv endowment. Scetv, sc public radio and the endowment work together to help public media meet educational challenges. Etv is south carolina's statewide network with 11 television stations, nine radio stations and online services available to all sc public school districts, private schools, home schools and higher education institutions. Etv uses the power of tv, radio and the internet to advance education, culture and citizenship.

Form 990, Part XII, Line 2C

The process has not changed from the prior year.

Financial Statement Notes

Schedule D, Part V, Line 4 Intended uses of endowment funds

The board of trustees of the etv endowment designated a portion of the unrestricted net assets in 2003 for endowment. Additional funds were designated for endowment in 2016. The intent of the designation is to grow the funds at an earnings rate greater than the s&p 500 but with less risk. A board-approved investment policy governs these board-designated assets. Annually, up to 5% of the portfolio's market value (determined as the average of the last 12 calendar quarters' market values) can be used for the purposes of fulfilling the endowment's mission of supporting the programming broadcast on scetv, sc public radio and other public media stations.

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

INCOME TAXES - THE ORGANIZATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, THE ORGANIZATION'S FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION OR LIABILITY FOR FEDERAL AND STATE INCOME TAXES. THE ORGANIZATION DETERMINED THAT THERE ARE NO MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF JUNE 30, 2025 and 2024.

Schedule D, Part XI, Line 4(B) Other revenues in form 990 not in audited financial statements

Special Event Expenses - -558320

Schedule D, Part XII, Line 2(D) Other expenses in audited financial statements not in form 990

Special Event Expenses - 558320

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IRS990/Desc0PROGRAM PURCHASE - Through annual membership contributions, the ETV Endowment of South Carolina supports programs broadcast by SCETV, SC Public Radio and other public media stations. The Endowment's 46,500 donors made nearly 277,000 individual gifts in FY25. These membership funds are used to purchase programming seen on 11 television stations broadcasting four television channels and heard on nine radio stations broadcasting two programming streams throughout the state. Funding for the programming that is broadcast 24 hours per day, seven days per week, including the national PBS and NPR schedules, is provided by members of the Endowment. The ETV Endowment is proud to serve all South Carolinians, without regard to their ability to pay for the many programs offered.
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