The Citadel Foundation
990 • Fiscal year 2012 • EIN 57-6020493
Scores are not available for this record yet.
Assets
Flat$160,011,284
Flat from 2012
Net Assets
Flat$153,599,318
Flat from 2012
Liabilities
Flat$6,411,966
Flat from 2012
Revenue
-
No earlier filing loaded for comparison.
Expenses
Flat$16,708,522
Flat from 2012
Net Income
-
No earlier filing loaded for comparison.
- Filing Period
- Jan 1, 2012 to Dec 31, 2012
- Signed
- Nov 13, 2013
- Return Version
- 2012v2.1
- Gross Receipts
- $25,247,955
Mission
The citadel foundation is a nonprofit organization created to raise funds for the citadel. Gifts from alumni and friends, corporations, and other organizations provide resources that the college uses to award scholarships, recruit and retain outstanding students and professors, provide them with state-of-the-art technology and facilities, and enrich campus life through athletic and cultural activities. The top three areas of focus of the citadel foundation are to provide unrestricted support to the citadel, increase scholarship funds, and sustain enrichment programs for the south carolina corps of cadets and graduate students.
Major Activities
- Activity 2
- Scholarshipsscholarships allow the citadel to attract and retain promising cadets. Approximately 66% of the citadel's 2,100-member corps of cadets apply annually for need-based financial aid. The office of financial aid was able to award more than $8 million in scholarships from endowments held at the citadel's affiliated foundations. This translates into 24 percent of our cadets receiving non-public scholarship aid, from full-ride, merit-based scholarships to financial awards that support dedicated cadets who simply need help to complete their citadel education. This support is only possible due to the generosity and leadership of donors.
- Activity 3
- Enrichment programsthe citadel has established a variety of programs to support the college's mission to educate and prepare graduates to become principled leaders in all walks of life by instilling the core values of the citadel in a challenging intellectual environment. These programs enhance the college's academic standing by enabling cadets and citadel graduate college students to participate in external leadership opportunities and conferences, and by helping to promote the citadel through associations with peer institutions focused on leadership development. Examples of program initiatives include: -the krause center for leadership and ethics -science, technology, engineering, and mathematics (stem) initiatives-daniel library renovations-rick and mary lee bastin financial trading lab fund
Filer
- EIN
- 57-6020493
Raw XML AppendixShowing 400 of 783 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/Activity2/Description | 0 | SCHOLARSHIPSSCHOLARSHIPS ALLOW THE CITADEL TO ATTRACT AND RETAIN PROMISING CADETS. APPROXIMATELY 66% OF THE CITADEL'S 2,100-MEMBER CORPS OF CADETS APPLY ANNUALLY FOR NEED-BASED FINANCIAL AID. THE OFFICE OF FINANCIAL AID WAS ABLE TO AWARD MORE THAN $8 MILLION IN SCHOLARSHIPS FROM ENDOWMENTS HELD AT THE CITADEL'S AFFILIATED FOUNDATIONS. THIS TRANSLATES INTO 24 PERCENT OF OUR CADETS RECEIVING NON-PUBLIC SCHOLARSHIP AID, FROM FULL-RIDE, MERIT-BASED SCHOLARSHIPS TO FINANCIAL AWARDS THAT SUPPORT DEDICATED CADETS WHO SIMPLY NEED HELP TO COMPLETE THEIR CITADEL EDUCATION. THIS SUPPORT IS ONLY POSSIBLE DUE TO THE GENEROSITY AND LEADERSHIP OF DONORS. |
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| IRS990/Activity3/Description | 0 | ENRICHMENT PROGRAMSTHE CITADEL HAS ESTABLISHED A VARIETY OF PROGRAMS TO SUPPORT THE COLLEGE'S MISSION TO EDUCATE AND PREPARE GRADUATES TO BECOME PRINCIPLED LEADERS IN ALL WALKS OF LIFE BY INSTILLING THE CORE VALUES OF THE CITADEL IN A CHALLENGING INTELLECTUAL ENVIRONMENT. THESE PROGRAMS ENHANCE THE COLLEGE'S ACADEMIC STANDING BY ENABLING CADETS AND CITADEL GRADUATE COLLEGE STUDENTS TO PARTICIPATE IN EXTERNAL LEADERSHIP OPPORTUNITIES AND CONFERENCES, AND BY HELPING TO PROMOTE THE CITADEL THROUGH ASSOCIATIONS WITH PEER INSTITUTIONS FOCUSED ON LEADERSHIP DEVELOPMENT. EXAMPLES OF PROGRAM INITIATIVES INCLUDE: -THE KRAUSE CENTER FOR LEADERSHIP AND ETHICS -SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS (STEM) INITIATIVES-DANIEL LIBRARY RENOVATIONS-RICK AND MARY LEE BASTIN FINANCIAL TRADING LAB FUND |
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| IRS990/ActivityOrMissionDescription | 0 | THE CITADEL FOUNDATION IS A NONPROFIT ORGANIZATION CREATED TO RAISE FUNDS FOR THE CITADEL. GIFTS FROM ALUMNI AND FRIENDS, CORPORATIONS, AND OTHER ORGANIZATIONS PROVIDE RESOURCES THAT THE COLLEGE USES TO AWARD SCHOLARSHIPS, RECRUIT AND RETAIN OUTSTANDING STUDENTS AND PROFESSORS, PROVIDE THEM WITH STATE-OF-THE-ART TECHNOLOGY AND FACILITIES, AND ENRICH CAMPUS LIFE THROUGH ATHLETIC AND CULTURAL ACTIVITIES. THE TOP THREE AREAS OF FOCUS OF THE CITADEL FOUNDATION ARE TO PROVIDE UNRESTRICTED SUPPORT TO THE CITADEL, INCREASE SCHOLARSHIP FUNDS, AND SUSTAIN ENRICHMENT PROGRAMS FOR THE SOUTH CAROLINA CORPS OF CADETS AND GRADUATE STUDENTS. |
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| IRS990/Description | 0 | ACADEMIC SUPPORTGIFTS TO THE UNRESTRICTED CITADEL FUND ARE AN ESSENTIAL COMPONENT IN MAINTAINING THE COLLEGE'S ACADEMIC EXCELLENCE AND FISCAL STABILITY. UNRESTRICTED GIFTS HAVE AN IMMEDIATE AND ENDURING IMPACT ON CAMPUS PRIORITIES AND THE MOST URGENT NEEDS, PROVIDING THE FLEXIBILITY TO SUPPORT THE COLLEGE'S MOST CRITICAL OBJECTIVES. UNRESTRICTED GIFTS ENABLE THE CITADEL TO:-ENHANCE THE CLASSROOM EXPERIENCE AND LIBRARY RESOURCES -SUPPORT CADET RESEARCH AND TRAVEL INITIATIVES -PROVIDE SCHOLARSHIPS AND FINANCIAL AID RESOURCES -ENGAGE AND RETAIN THE MOST TALENTED FACULTY AND STAFF -EXPAND LEADERSHIP AND CHARACTER DEVELOPMENT OPPORTUNITIES -KEEP PACE WITH CUTTING-EDGE TECHNOLOGY ADVANCESANNUAL GIFTS ALSO INCREASE DONOR PARTICIPATION RATES, WHICH ARE OFTEN INFLUENTIAL FACTORS IN NATIONWIDE COLLEGE RANKINGS AND FUNDING DECISIONS BY POTENTIAL CORPORATE AND FOUNDATION GRANT MAKERS. SUCH ADDITIONAL REVENUE SOURCES ARE ESSENTIAL TO OFFSET TUITION INCREASES AND MAKE UP FOR DECLINING STATE SUPPORT.GIFTS TO THE CITADEL FUND CONTINUE THE COLLEGE'S LONGSTANDING TRADITION OF PROVIDING CADETS AND GRADUATE STUDENTS WITH AN EXCEPTIONAL EDUCATION IN A DISCIPLINED ENVIRONMENT, DEEP BONDS AND LASTING FRIENDSHIPS, AND ABOVE ALL, THE ABILITY AND CONFIDENCE TO FACE WHATEVER CHALLENGES COME THEIR WAY. |
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| IRS990/Insurance/ManagementAndGeneral | 0 | 8669 |
| IRS990/Insurance/Total | 0 | 8669 |
| IRS990/InvestmentIncomeCurrentYear | 0 | 0 |
| IRS990/InvestmentIncomePriorYear | 0 | 0 |
| IRS990/InvestmentInJointVenture | 0 | 0 |
| IRS990/InvestmentsOtherSecurities/BOY | 0 | 133587341 |
| IRS990/InvestmentsOtherSecurities/EOY | 0 | 144579198 |
| IRS990/InvestmentsPubTradedSecurities/BOY | 0 | 4017670 |
| IRS990/InvestmentsPubTradedSecurities/EOY | 0 | 2472054 |
| IRS990/LandBldgEquipmentAccumDeprec | 0 | 583033 |
| IRS990/LandBuildingsEquipmentBasis | 0 | 654961 |
| IRS990/LandBuildingsEquipmentBasisNet/BOY | 0 | 43266 |
| IRS990/LandBuildingsEquipmentBasisNet/EOY | 0 | 71928 |
| IRS990/LessRentalExpenses/Real | 0 | 0 |
| IRS990/LoanToOfficerOrDQP | 0 | 0 |
| IRS990/LobbyingActivities | 0 | 0 |
| IRS990/LocalChapters | 0 | 0 |
| IRS990/MaterialDiversionOrMisuse | 0 | 0 |
| IRS990/MembersOrStockholders | 0 | 0 |
| IRS990/MethodOfAccountingAccrual | 0 | X |
| IRS990/MinutesOfCommittees | 0 | 1 |
| IRS990/MinutesOfGoverningBody | 0 | 1 |
| IRS990/MissionDescription | 0 | THE CITADEL FOUNDATION IS A NONPROFIT ORGANIZATION CREATED TO RAISE FUNDS FOR THE CITADEL. GIFTS FROM ALUMNI AND FRIENDS, CORPORATIONS, AND OTHER ORGANIZATIONS PROVIDE RESOURCES THAT THE COLLEGE USES TO AWARD SCHOLARSHIPS, RECRUIT AND RETAIN OUTSTANDING STUDENTS AND PROFESSORS, PROVIDE THEM WITH STATE-OF-THE-ART TECHNOLOGY AND FACILITIES, AND ENRICH CAMPUS LIFE THROUGH ATHLETIC AND CULTURAL ACTIVITIES. THE TOP THREE AREAS OF FOCUS OF THE CITADEL FOUNDATION ARE TO PROVIDE UNRESTRICTED SUPPORT TO THE CITADEL, INCREASE SCHOLARSHIP FUNDS, AND SUSTAIN ENRICHMENT PROGRAMS FOR THE SOUTH CAROLINA CORPS OF CADETS AND GRADUATE STUDENTS. |
| IRS990/MoreThan5000KToIndividuals | 0 | 0 |
| IRS990/MoreThan5000KToOrganizations | 0 | 0 |
| IRS990/MortNotesPyblSecuredInvestProp/BOY | 0 | 5882 |
| IRS990/MortNotesPyblSecuredInvestProp/EOY | 0 | 23405 |
| IRS990/NameOfPrincipalOfficerPerson | 0 | SHANNON MEASE |
| IRS990/NbrIndependentVotingMembers | 0 | 19 |
| IRS990/NbrVotingGoverningBodyMembers | 0 | 19 |
| IRS990/NbrVotingMembersGoverningBody | 0 | 19 |
| IRS990/NetAssetsOrFundBalancesBOY | 0 | 144892160 |
| IRS990/NetAssetsOrFundBalancesEOY | 0 | 153599318 |
| IRS990/NetRentalIncomeOrLoss/RelatedOrExemptFunctionIncome | 0 | 55119 |
| IRS990/NetRentalIncomeOrLoss/TotalRevenueColumn | 0 | 55119 |
| IRS990/NetUnrelatedBusinessTxblIncome | 0 | -208301 |
| IRS990/NoncashContributions | 0 | 242797 |
| IRS990/NonDeductibleContributions | 0 | 0 |
| IRS990/NumberFormsTransmittedWith1096 | 0 | 9 |
| IRS990/NumberIndependentVotingMembers | 0 | 19 |
| IRS990/NumberIndividualsGT100K | 0 | 2 |
| IRS990/NumberOfContractorsGT100K | 0 | 0 |
| IRS990/NumberOfEmployees | 0 | 72 |
| IRS990/NumberW2GIncluded | 0 | 0 |
| IRS990/Occupancy/Fundraising | 0 | 42176 |
| IRS990/Occupancy/ManagementAndGeneral | 0 | 122369 |
| IRS990/Occupancy/Total | 0 | 164545 |
| IRS990/OfficeExpenses/Fundraising | 0 | 12615 |
| IRS990/OfficeExpenses/ManagementAndGeneral | 0 | 27722 |
| IRS990/OfficeExpenses/Total | 0 | 40337 |
| IRS990/OfficerEntityWithBsnssRltnshp | 0 | 0 |
| IRS990/OfficerMailingAddress | 0 | 0 |
| IRS990/Organization501c3 | 0 | X |
| IRS990/OtherAssetsTotal/BOY | 0 | 1754540 |
| IRS990/OtherAssetsTotal/EOY | 0 | 1885704 |
| IRS990/OtherEmployeeBenefits/Fundraising | 0 | 201639 |
| IRS990/OtherEmployeeBenefits/ManagementAndGeneral | 0 | 53347 |
| IRS990/OtherEmployeeBenefits/Total | 0 | 254986 |
| IRS990/OtherExpensePriorYear | 0 | 1499349 |
| IRS990/OtherExpensesCurrentYear | 0 | 1840031 |
| IRS990/OtherExpenses/Description | 0 | INCOME TAXES |
| IRS990/OtherExpenses/Description | 1 | BAD DEBT |
| IRS990/OtherExpenses/Description | 2 | MISCELLANEOUS |
| IRS990/OtherExpenses/Description | 3 | EVENTS |
| IRS990/OtherExpenses/Fundraising | 0 | 57994 |
| IRS990/OtherExpenses/Fundraising | 1 | 59459 |
| IRS990/OtherExpenses/ManagementAndGeneral | 0 | 4355 |
| IRS990/OtherExpenses/ManagementAndGeneral | 1 | 697150 |
| IRS990/OtherExpenses/ManagementAndGeneral | 2 | 45070 |
| IRS990/OtherExpenses/ManagementAndGeneral | 3 | 29371 |
| IRS990/OtherExpenses/Total | 0 | 4355 |
| IRS990/OtherExpenses/Total | 1 | 697150 |
| IRS990/OtherExpenses/Total | 2 | 103064 |
| IRS990/OtherExpenses/Total | 3 | 88830 |
| IRS990/OtherLiabilities/BOY | 0 | 2956516 |
| IRS990/OtherLiabilities/EOY | 0 | 2109690 |
| IRS990/OtherRevenueCurrentYear | 0 | 15728735 |
| IRS990/OtherRevenueMisc/BusinessCode | 0 | 900099 |
| IRS990/OtherRevenueMisc/BusinessCode | 1 | 900099 |
| IRS990/OtherRevenueMisc/Description | 0 | MISCELLANEOUS |
| IRS990/OtherRevenueMisc/Description | 1 | MISCELLANEOUS |
| IRS990/OtherRevenueMisc/ExclusionAmount | 0 | 15874804 |
| IRS990/OtherRevenueMisc/ExclusionAmount | 1 | 2245 |
| IRS990/OtherRevenueMisc/TotalRevenueColumn | 0 | 15671371 |
| IRS990/OtherRevenueMisc/TotalRevenueColumn | 1 | 2245 |
| IRS990/OtherRevenueMisc/UnrelatedBusinessRevenue | 0 | -203433 |
| IRS990/OtherRevenuePriorYear | 0 | 8634704 |
| IRS990/OtherSalariesAndWages/Fundraising | 0 | 1615771 |
| IRS990/OtherSalariesAndWages/ManagementAndGeneral | 0 | 44340 |
| IRS990/OtherSalariesAndWages/Total | 0 | 1660111 |
| IRS990/PartialLiquidation | 0 | 0 |
| IRS990/PayrollTaxes/Fundraising | 0 | 159221 |
| IRS990/PayrollTaxes/ManagementAndGeneral | 0 | 38300 |
| IRS990/PayrollTaxes/Total | 0 | 197521 |
| IRS990/PensionPlanContributions/Fundraising | 0 | 171139 |
| IRS990/PensionPlanContributions/ManagementAndGeneral | 0 | 56433 |
| IRS990/PensionPlanContributions/Total | 0 | 227572 |
| IRS990/PermanentlyRestrictedNetAssets/BOY | 0 | 34177049 |
| IRS990/PermanentlyRestrictedNetAssets/EOY | 0 | 37150133 |
| IRS990/PledgesAndGrantsReceivable/BOY | 0 | 6815426 |
| IRS990/PledgesAndGrantsReceivable/EOY | 0 | 6451017 |
| IRS990/PoliticalActivities | 0 | 0 |
| IRS990/PremiumsPaid | 0 | 0 |
| IRS990/PrepaidExpensesDeferredCharges/BOY | 0 | 81279 |
| IRS990/PrepaidExpensesDeferredCharges/EOY | 0 | 146871 |
| IRS990/PriorExcessBenefitTransaction | 0 | 0 |
| IRS990/ProfessionalFundraising | 0 | 0 |
| IRS990/ProgramServiceRevenueCY | 0 | 0 |
| IRS990/ProgramServiceRevenuePriorYear | 0 | 0 |
| IRS990/ProhibitedTaxShelterTrans | 0 | 0 |
| IRS990/QuidProQuoContributions | 0 | 0 |
| IRS990/ReconcilationOtherChanges | 0 | 167725 |
| IRS990/ReconcilationRevenueExpenses | 0 | 8539433 |
| IRS990/RegularMonitoringEnforcement | 0 | 1 |
| IRS990/RelatedEntity | 0 | 1 |
| IRS990/RelatedOrgControlledEntity | 0 | 0 |
| IRS990/RentalIncomeOrLoss/Real | 0 | 55119 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $160,011,284
- Liabilities
- $6,411,966
- Net assets
- $153,599,318
- Revenue
- -
- Expenses
- $16,708,522
- Net income
- -