Civic Intelligence

Aiken Technical College Foundation Inc.

990 • Fiscal year 2020 • EIN 57-0804746

Jul 01, 2019 to Jun 30, 2020 • Filed on Oct 23, 2020

Organization ProfileWWW.ATC.EDU/FOUNDATION
PO Drawer 696Aiken, SC 29802

(803) 508-7413

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.02x

Higher debt load relative to assets than 23% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.26x

Higher debt load relative to revenue than 55% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

33rd percentile

-1.3%

Higher net margin than 33% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

26th percentile

$51,989

Higher top officer pay than 26% of similar nonprofits.

Top officer pay equals 9.7% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

46th percentile

4.6%

Faster asset growth than 46% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

85th percentile

36%

Faster revenue growth than 85% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets23rd percentile

Assets

Up

$6,182,904

Up $271,618 (+4.6%) from 2019

Net Assets

Up

$6,042,999

Up $141,242 (+2.4%) from 2019

Liabilities

Up

$139,905

Up $130,376 (+1368%) from 2019

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin33rd percentile

Revenue

Up

$536,462

Up $141,689 (+36%) from 2019

Expenses

Up

$543,692

Up $181,685 (+50%) from 2019

Net Income

Down

-$7,230

Down $39,996 (-122%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth46th percentile

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

$10M$5.0M$0Assets 2012: $5,286,378Liabilities 2012: $173,442Net Assets 2012: $5,112,9362012Assets 2013: $6,463,003Liabilities 2013: $231,143Net Assets 2013: $6,231,8602013Assets 2014: $7,275,771Liabilities 2014: $142,849Net Assets 2014: $7,132,9222014Assets 2015: $5,464,488Liabilities 2015: $193,705Net Assets 2015: $5,270,7832015Assets 2016: $5,191,326Liabilities 2016: $156,127Net Assets 2016: $5,035,1992016Assets 2017: $5,529,767Liabilities 2017: $7,590Net Assets 2017: $5,522,1772017Assets 2018: $5,542,621Liabilities 2018: $8,512Net Assets 2018: $5,534,1092018Assets 2019: $5,911,286Liabilities 2019: $9,529Net Assets 2019: $5,901,7572019Assets 2020: $6,182,904Liabilities 2020: $139,905Net Assets 2020: $6,042,9992020Assets 2021: $7,526,359Liabilities 2021: $1,200Net Assets 2021: $7,525,1592021Assets 2022: $6,942,365Liabilities 2022: $0Net Assets 2022: $6,942,3652022Assets 2023: $7,409,283Liabilities 2023: $7,957Net Assets 2023: $7,401,3262023Assets 2024: $8,396,570Liabilities 2024: $1,651Net Assets 2024: $8,394,9192024Assets 2025: $9,776,583Liabilities 2025: $15,598Net Assets 2025: $9,760,9852025

Highlighted filing

2020

Assets$6,182,904
Liabilities$139,905
Net Assets$6,042,999
Open 2020 Filing

Operations Trend

Revenue Growth85th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$2.0M$0-$2.0MRevenue 2012: $500,858Expenses 2012: $329,691Net Income 2012: $171,1672012Revenue 2013: $1,501,784Expenses 2013: $382,860Net Income 2013: $1,118,9242013Revenue 2014: $1,277,642Expenses 2014: $376,580Net Income 2014: $901,0622014Revenue 2015: $484,638Expenses 2015: $2,346,777Net Income 2015: -$1,862,1392015Revenue 2016: $180,824Expenses 2016: $416,408Net Income 2016: -$235,5842016Revenue 2017: $842,042Expenses 2017: $355,064Net Income 2017: $486,9782017Revenue 2018: $492,672Expenses 2018: $480,740Net Income 2018: $11,9322018Revenue 2019: $394,773Expenses 2019: $362,007Net Income 2019: $32,7662019Revenue 2020: $536,462Expenses 2020: $543,692Net Income 2020: -$7,2302020Revenue 2021: $434,353Expenses 2021: $406,537Net Income 2021: $27,8162021Revenue 2022: $1,065,233Expenses 2022: $465,974Net Income 2022: $599,2592022Revenue 2023: $418,252Expenses 2023: $445,203Net Income 2023: -$26,9512023Revenue 2024: $901,813Expenses 2024: $503,768Net Income 2024: $398,0452024Revenue 2025: $1,237,950Expenses 2025: $440,986Net Income 2025: $796,9642025

Highlighted filing

2020

Revenue$536,462
Expenses$543,692
Net Income-$7,230
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Oct 23, 2020
Return Version
2019v5.1
Gross Receipts
$1,275,623
Mission and Program Overview

Mission

Fostering workforce success by building partnerships with businesses and the community to provide financial support to our students and our college.

The foundation provides support to aiken technical college by supplying physical, financial and human resources for the enhancement of the college and by sponsoring events to foster partnerships with industry, business and individuals in the central savannah river area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,770,781$6,066,858▲ $296,077
Cash and Non-Interest-Bearing Accounts$117,895$96,711▼ $21,184
Pledges and Grants Receivable$20,428$14,276▼ $6,152
Prepaid Expenses and Deferred Charges$2,182$5,059▲ $2,877
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$5,911,286$6,182,904▲ $271,618
Liabilities
Accounts Payable and Accrued Expenses$9,529$139,905▲ $130,376
Total Liabilities$9,529$139,905▲ $130,376
Net Assets / Fund Balance
Net Assets With Donor Restrictions$5,054,881$5,196,324▲ $141,443
Net Assets Without Donor Restrictions$846,876$846,675▼ $201
Total Net Assets Fund Balance$5,901,757$6,042,999▲ $141,242
Total Liabilities and Net Assets / Fund Balance$5,911,286$6,182,904▲ $271,618

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$9,824$9,824

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$5,770,781$909,472▲ $145,777-$6,066,858
2019$5,335,144$640,599▲ $150,838-$5,770,781
2018$5,139,026$6,166▲ $257,788-$5,335,144
2017$4,619,052$2,759▲ $570,053-$5,139,026
2016$4,686,262$57,937▼ $74,359-$4,619,052
Compensation and Service Providers
Top Officer Pay26th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Mary CommonsDirectorFT$51,989$51,989

Board Members and Trustees

NameTitle
Cynthia SouthChair
Charlie HartzChair-elect
Alyssa DegnanTrustee
Ben ReevesTrustee
Carl HensonTrustee
Chris DicksonTrustee
Chrissa MatthewsTrustee
Dara GlassTrustee
Geri Klein-shankTrustee
Joshua RainesTrustee
Karen PoteatTrustee
Liz StewartTrustee
Mallory HolleyTrustee
Peter BuckleySecretary
Bob HottensenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$386,193
Program Service Revenue
$0
Investment Income
$125,658
Other Revenue
$24,611
All Other Contributions
$386,193
Change in Net Assets
$-7,230

Audited Revenue Reconciliation

Revenue per Audited Statements
$552,086
Revenue Not Reported on Financial Statements
$-15,624
Revenue Not Reported on Form 990
$148,472
Other Revenue Adjustments
$-15,624
Total Revenue per Audited Statements
$700,558
Total Revenue per Form 990
$536,462
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$281,272
Grants and Similar Amounts Paid$147,392
Salaries, Compensation, and Employee Benefits$115,028
Total Fundraising Expense$19,913
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$147,392--$147,392
Other Salaries and Wages-$63,039-$63,039
Current Officers, Directors, Trustees, and Key Employees-$51,989-$51,989
Fees for Service Investment Mgmnt Fees-$31,600-$31,600
Other Expenses$14,748-$19,913$14,748
Fees for Services Accounting-$7,500-$7,500
Information Technology-$7,188-$7,188
Advertising-$4,846-$4,846
Occupancy-$4,254-$4,254
Insurance-$2,517-$2,517
All Other Expenses-$2,014-$2,014
Travel-$1,295-$1,295
Office Expenses-$1,120-$1,120
Total Functional Expenses$346,417$177,362$19,913$543,692

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$559,316
Expenses per Audited Statements$543,692
Total Expenses per Form 990$543,692
Expenses Not Reported on Form 990$15,624
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$40,235
Fundraising Direct Expenses$15,624
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Giving Gala$40,235$40,235$2,484$37,751
Total Events$40,235$40,235$15,623$24,612
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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, Section B, Line 11B

“Copy of 990 provided and reviewed”

Form 990, Part VI, Section B, Line 12C

“Members are required to disclose any conflicts and recuse”

Form 990, Part VI, Section B, Line 15

“Foundation has no employees. All personnel are employees of affiliated college. College maintains appropriate review and approval procedures”

Form 990, Part VI, Section C, Line 19

“AVAILABLE UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Aiken Technical College Foundation
EIN
57-0804746
Phone
8035087413
Address
PO DRAWER 696, AIKEN, SC 29802

Signing Officer

Name
Beth Laclair
Title
Director
Phone
8035087413
Signed
2020-10-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Beth Laclair
Formed
1977
Legal Domicile
Sc
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
12

Preparer

Firm
Serotta Maddocks Evans Cpas
Address
2743 PERIMETER PARKWAY BLDG 100 STE, 200, AUGUSTA, GA 30909
Preparer
Michelle Bennett
Phone
7067225337
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

“The endowment funds are to be used for student scholarships, curriculum enhancement and other programs benefitting aiken technical college and its students.”

PART X, LINE 2:

“The internal revenue service has approved the foundation's exemption from federal income taxes under provisions of section 501(c)(3) of the internal revenue code and comparable state law, whereby only unrelated business income, as defined by section 509(a)(1) of the code is subject to federal income tax. Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the foundation and recognize a tax liability (or asset) if the foundation has taken an uncertain position that more likely than not would not be sustained upon examination by the internal revenue service. Management has analyzed the tax positions taken by the foundation, and has concluded that as of june 30, 2020 and 2019, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The foundation is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Fundraising expenses -15,624.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising expenses 15,624.”

Raw XML AppendixShowing 400 of 549 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GrantAmt0147392
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0147392
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0147392
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0703418
IRS990/GrossReceiptsAmt01275623
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt07188
IRS990/InformationTechnologyGrp/TotalAmt07188
IRS990/InsuranceGrp/ManagementAndGeneralAmt02517
IRS990/InsuranceGrp/TotalAmt02517
IRS990/InvestmentIncomeGrp/ExclusionAmt0145777
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0145777
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt05770781
IRS990/InvestmentsPubTradedSecGrp/EOYAmt06066858
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt09824
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt09824
IRS990/LegalDomicileStateCd0SC
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0723537
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0FOSTERING WORKFORCE SUCCESS BY BUILDING PARTNERSHIPS WITH BUSINESSES AND THE COMMUNITY TO PROVIDE FINANCIAL SUPPORT TO OUR STUDENTS AND OUR COLLEGE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt05901757
IRS990/NetAssetsOrFundBalancesEOYAmt06042999
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-20119
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-20119
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt024611
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt024611
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0104378
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0846876
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0846675
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt04254
IRS990/OccupancyGrp/TotalAmt04254
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01120
IRS990/OfficeExpensesGrp/TotalAmt01120
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0EQUIPMENT & BUILDING SU
IRS990/OtherExpensesGrp/Desc1OTHER PROGRAMS
IRS990/OtherExpensesGrp/Desc2FUNDRAISING
IRS990/OtherExpensesGrp/Desc3STUDENT PROGRAMS
IRS990/OtherExpensesGrp/FundraisingAmt019913
IRS990/OtherExpensesGrp/ProgramServicesAmt0150392
IRS990/OtherExpensesGrp/ProgramServicesAmt133885
IRS990/OtherExpensesGrp/ProgramServicesAmt214748
IRS990/OtherExpensesGrp/TotalAmt0150392
IRS990/OtherExpensesGrp/TotalAmt133885
IRS990/OtherExpensesGrp/TotalAmt219913
IRS990/OtherExpensesGrp/TotalAmt314748
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt063039
IRS990/OtherSalariesAndWagesGrp/TotalAmt063039
IRS990/PartialLiquidationInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt020428
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt014276
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02182
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05059
IRS990/PrincipalOfficerNm0BETH LACLAIR
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0STUDENT PROGRAMS
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt048633
IRS990/ProgSrvcAccomActy3Grp/Desc0EQUIPMENT FOR THE COLLEGE
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0150392
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0207021
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0126261
IRS990/PYInvestmentIncomeAmt0170890
IRS990/PYOtherExpensesAmt0130038
IRS990/PYOtherRevenueAmt016862
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt032766
IRS990/PYSalariesCompEmpBnftPaidAmt0105708
IRS990/PYTotalExpensesAmt0362007
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0394773
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-7230
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0430287
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0251750
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0224987
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0232709
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0261186
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01400919
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0145777
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0150838
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0267685
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0609333
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0-80362
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01093271
IRS990ScheduleA/PublicSupportCY170Pct00.56170
IRS990ScheduleA/PublicSupportPY170Pct00.57350
IRS990ScheduleA/PublicSupportTotal170Amt01400919
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0430287
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0251750
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0224987
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0232709
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0261186
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01400919
IRS990ScheduleA/TotalSupportAmt02494190
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt0759172
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt05770781
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0909472
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt06066858
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0145777
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0355800
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt05335144
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0640599
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt05770781
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0150838
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt067836
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt05139026
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt06166
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt05335144
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0257788
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt052838
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt04619052
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt02759
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt05139026
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0570053
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt050788
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt04686262
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt057937
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt04619052
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-74359
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt044094
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt09824
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt09824
IRS990ScheduleD/ExpensesNotReportedAmt015624
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0543692
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0104378
IRS990ScheduleD/OtherExpensesIncludedAmt015624
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-15624
IRS990ScheduleD/RevenueNotReportedAmt0148472
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-15624
IRS990ScheduleD/RevenueSubtotalAmt0552086
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ENDOWMENT FUNDS ARE TO BE USED FOR STUDENT SCHOLARSHIPS, CURRICULUM ENHANCEMENT AND OTHER PROGRAMS BENEFITTING AIKEN TECHNICAL COLLEGE AND ITS STUDENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE INTERNAL REVENUE SERVICE HAS APPROVED THE FOUNDATION'S EXEMPTION FROM FEDERAL INCOME TAXES UNDER PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND COMPARABLE STATE LAW, WHEREBY ONLY UNRELATED BUSINESS INCOME, AS DEFINED BY SECTION 509(A)(1) OF THE CODE IS SUBJECT TO FEDERAL INCOME TAX. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION, AND HAS CONCLUDED THAT AS OF JUNE 30, 2020 AND 2019, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FUNDRAISING EXPENSES -15,624.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3FUNDRAISING EXPENSES 15,624.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0543692
IRS990ScheduleD/TotalRevenuePerForm990Amt0536462

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,182,904
Liabilities
$139,905
Net assets
$6,042,999
Revenue
$536,462
Expenses
$543,692
Net income
-$7,230
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.78$0.02$9.76$1.24$0.44$0.80
2024Detailed filing. Detailed filing data is available for this year.$8.40$0.00$8.39$0.90$0.50$0.40
2023Detailed filing. Detailed filing data is available for this year.$7.41$0.01$7.40$0.42$0.45$0.03
2022Detailed filing. Detailed filing data is available for this year.$6.94$0.00$6.94$1.07$0.47$0.60
2021Detailed filing. Detailed filing data is available for this year.$7.53$0.00$7.53$0.43$0.41$0.03
2020Detailed filing. Detailed filing data is available for this year.$6.18$0.14$6.04$0.54$0.54$0.01
2019Detailed filing. Detailed filing data is available for this year.$5.91$0.01$5.90$0.39$0.36$0.03
2018Detailed filing. Detailed filing data is available for this year.$5.54$0.01$5.53$0.49$0.48$0.01
2017Detailed filing. Detailed filing data is available for this year.$5.53$0.01$5.52$0.84$0.36$0.49
2016Detailed filing. Detailed filing data is available for this year.$5.19$0.16$5.04$0.18$0.42$0.24
2015Detailed filing. Detailed filing data is available for this year.$5.46$0.19$5.27$0.48$2.35$1.86
2014Detailed filing. Detailed filing data is available for this year.$7.28$0.14$7.13$1.28$0.38$0.90
2013Summary only. Only limited summary data is available for this year.$6.46$0.23$6.23$1.50$0.38$1.12
2012Summary only. Only limited summary data is available for this year.$5.29$0.17$5.11$0.50$0.33$0.17