Civic Intelligence

Aiken Technical College Foundation Inc.

990 • Fiscal year 2022 • EIN 57-0804746

Jul 01, 2021 to Jun 30, 2022 • Filed on Oct 03, 2022

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

8th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

8th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

91st percentile

56%

Higher net margin than 91% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

28th percentile

$61,056

Higher top officer pay than 28% of similar nonprofits.

Top officer pay equals 5.7% of source-year revenue.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

23rd percentile

-7.8%

Faster asset growth than 23% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

94th percentile

145%

Faster revenue growth than 94% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets8th percentile

Assets

Down

$6,942,365

Down $583,994 (-7.8%) from 2021

Net Assets

Down

$6,942,365

Down $582,794 (-7.7%) from 2021

Liabilities

Down

$0

Down $1,200 (-100%) from 2021

Revenue And Expenses
Liabilities / Revenue8th percentileNet Margin91st percentile

Revenue

Up

$1,065,233

Up $630,880 (+145%) from 2021

Expenses

Up

$465,974

Up $59,437 (+15%) from 2021

Net Income

Up

$599,259

Up $571,443 (+2054%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth23rd 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

2022

Assets$6,942,365
Liabilities$0
Net Assets$6,942,365
Open 2022 Filing

Operations Trend

Revenue Growth94th 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

2022

Revenue$1,065,233
Expenses$465,974
Net Income$599,259
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Oct 3, 2022
Return Version
2021v4.2
Gross Receipts
$2,240,337
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$7,252,350$6,202,498▼ $1,049,852
Savings and Temporary Cash Investments$129,601$590,129▲ $460,528
Cash and Non-Interest-Bearing Accounts$140,721$129,422▼ $11,299
Accounts Receivable-$15,397-
Prepaid Expenses and Deferred Charges$3,687$4,919▲ $1,232
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$7,526,359$6,942,365▼ $583,994
Liabilities
Accounts Payable and Accrued Expenses$1,200--
Total Liabilities$1,200$0▼ $1,200
Net Assets / Fund Balance
Net Assets With Donor Restrictions$6,242,499$6,390,642▲ $148,143
Net Assets Without Donor Restrictions$1,282,660$551,723▼ $730,937
Total Net Assets Fund Balance$7,525,159$6,942,365▼ $582,794
Total Liabilities and Net Assets / Fund Balance$7,526,359$6,942,365▼ $583,994

Asset Categories

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

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$7,252,350$1,342,920▼ $665,857-$6,202,498
2021$6,066,858$103,106▲ $1,569,036-$7,252,350
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
Compensation and Service Providers
Top Officer Pay28th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Beth LaclairDirectorFT$61,056$61,056

Board Members and Trustees

NameTitle
Mallory HolleyChair
Dara GlassVice Chair/chair-elect
Al SorensenTrustee
Alyssa DegnanTrustee
Carl HensonTrustee
Chris DicksonTrustee
Chrissa MatthewsTrustee
Joshua RainesTrustee
Karen PoteatTrustee
Sal MinolfoTrustee
Sean AlfordTrustee
Sharon HaganTrustee
Peter BuckleySecretary
Bob HottensenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$511,047
Program Service Revenue
$0
Investment Income
$564,589
Other Revenue
$-10,403
All Other Contributions
$460,759
Change in Net Assets
$599,259

Audited Revenue Reconciliation

Revenue per Audited Statements
$689,334
Revenue Not Reported on Financial Statements
$375,899
Revenue Not Reported on Form 990
$48,393
Other Revenue Adjustments
$375,899
Total Revenue per Audited Statements
$737,727
Total Revenue per Form 990
$1,065,233
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$172,212
Other Expenses$167,729
Salaries, Compensation, and Employee Benefits$126,033
Total Fundraising Expense$6,249
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$172,212--$172,212
Other Salaries and Wages-$64,977-$64,977
Current Officers, Directors, Trustees, and Key Employees-$61,056-$61,056
Fees for Service Investment Mgmnt Fees-$38,196-$38,196
Information Technology-$10,751-$10,751
Fees for Services Accounting-$8,000-$8,000
Other Expenses$6,077$9,500$6,249$6,077
Occupancy-$4,254-$4,254
Insurance-$2,376-$2,376
Advertising-$1,585-$1,585
All Other Expenses-$1,084-$1,084
Office Expenses-$770-$770
Travel-$588-$588
Total Functional Expenses$256,588$203,137$6,249$465,974

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$476,377
Expenses per Audited Statements$465,974
Total Expenses per Form 990$465,974
Expenses Not Reported on Form 990$10,403
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 Direct Expenses$10,403
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
2021 Scholarship Reception and 50th$50,288-$3,880-
Total Events$50,288-$10,403$-10,403
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
2022-10-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Beth Laclair
Formed
1977
Legal Domicile
Sc
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
15

Preparer

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

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The process has not changed.”

Financial Statement Notes

PART V, LINE 4:

“The endowment funds are to be used for student scholarships, curriculum enhancement and other programs benefiting 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, 2022 and 2021, 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 -10,403. Realized gain on investments 386,302.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising expenses 10,403.”

Raw XML AppendixShowing 400 of 548 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/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt01551003
IRS990/GrossReceiptsAmt02240337
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt014
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt010751
IRS990/InformationTechnologyGrp/TotalAmt010751
IRS990/InsuranceGrp/ManagementAndGeneralAmt02376
IRS990/InsuranceGrp/TotalAmt02376
IRS990/InvestmentIncomeGrp/ExclusionAmt0178287
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0178287
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt07252350
IRS990/InvestmentsPubTradedSecGrp/EOYAmt06202498
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt09824
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt09824
IRS990/LegalDomicileStateCd0SC
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01164701
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/NetAssetsOrFundBalancesBOYAmt07525159
IRS990/NetAssetsOrFundBalancesEOYAmt06942365
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0386302
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0386302
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-10403
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-10403
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-1230446
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01282660
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0551723
IRS990/NoncashContributionsAmt019426
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt04254
IRS990/OccupancyGrp/TotalAmt04254
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0770
IRS990/OfficeExpensesGrp/TotalAmt0770
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0OTHER PROGRAMS
IRS990/OtherExpensesGrp/Desc1EQUIPMENT & BUILDING SU
IRS990/OtherExpensesGrp/Desc2FUNDRAISING
IRS990/OtherExpensesGrp/Desc3STUDENT PROGRAMS
IRS990/OtherExpensesGrp/FundraisingAmt06249
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt09500
IRS990/OtherExpensesGrp/ProgramServicesAmt055073
IRS990/OtherExpensesGrp/ProgramServicesAmt123226
IRS990/OtherExpensesGrp/ProgramServicesAmt26077
IRS990/OtherExpensesGrp/TotalAmt064573
IRS990/OtherExpensesGrp/TotalAmt123226
IRS990/OtherExpensesGrp/TotalAmt26249
IRS990/OtherExpensesGrp/TotalAmt36077
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt064977
IRS990/OtherSalariesAndWagesGrp/TotalAmt064977
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03687
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04919
IRS990/PrincipalOfficerNm0BETH LACLAIR
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0STUDENT PROGRAMS AND OTHER EXPENSES FOR THE COLLEGE
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt084376
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0258432
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0134897
IRS990/PYInvestmentIncomeAmt0158956
IRS990/PYOtherExpensesAmt0141582
IRS990/PYOtherRevenueAmt016965
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt027816
IRS990/PYSalariesCompEmpBnftPaidAmt0130058
IRS990/PYTotalExpensesAmt0406537
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0434353
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0599259
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0129601
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0590129
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0511047
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0291230
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0430287
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0251750
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0224987
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01709301
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0178287
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0159196
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0145777
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0150838
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0267685
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0901783
IRS990ScheduleA/PublicSupportCY170Pct00.65460
IRS990ScheduleA/PublicSupportPY170Pct00.51780
IRS990ScheduleA/PublicSupportTotal170Amt01709301
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0511047
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0291230
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0430287
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0251750
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0224987
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01709301
IRS990ScheduleA/TotalSupportAmt02611084
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/AdministrativeExpensesAmt01726915
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt07252350
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt01342920
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt06202498
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-665857
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0486650
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt06066858
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0103106
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt07252350
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01569036
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0759172
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt05770781
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0909472
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt06066858
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0145777
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt0355800
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt05335144
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0640599
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt05770781
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0150838
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt067836
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt05139026
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt06166
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt05335144
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0257788
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt048393
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt09824
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt09824
IRS990ScheduleD/ExpensesNotReportedAmt010403
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0465974
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesIncludedAmt010403
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0375899
IRS990ScheduleD/RevenueNotReportedAmt048393
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0375899
IRS990ScheduleD/RevenueSubtotalAmt0689334
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ENDOWMENT FUNDS ARE TO BE USED FOR STUDENT SCHOLARSHIPS, CURRICULUM ENHANCEMENT AND OTHER PROGRAMS BENEFITING 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, 2022 AND 2021, 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 -10,403. REALIZED GAIN ON INVESTMENTS 386,302.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3FUNDRAISING EXPENSES 10,403.
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/TotalExpensesPerForm990Amt0465974
IRS990ScheduleD/TotalRevenuePerForm990Amt01065233
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0737727
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0476377
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt050288
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt050288
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt010403
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt0500

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,942,365
Liabilities
$0
Net assets
$6,942,365
Revenue
$1,065,233
Expenses
$465,974
Net income
$599,259
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