University Of South Carolina Business Partnership Foundation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 237042391 ✦ Columbia, SC ✦ Designated as a 501(c)(3)

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Overview

What is University Of South Carolina Business Partnership Foundation?

The University of South Carolina Business Partnership Foundation is a nonprofit organization based in Columbia, South Carolina, located at 1014 Greene Street, 29208. Its mission is to establish and strengthen the partnership between the University of South Carolina and the business community, aiming to enhance and improve the College of Business Administration. Through continuing education and educational programs, the Foundation offers world-class business education tailored to clients' needs, fosters closer relationships with corporate supporters, and provides professional development opportunities for faculty. By building an endowment fund and supervising its creative management, the organization encourages and assists in supporting research in business and economic problems and conducts conferences for the education and development of management personnel worldwide. The Foundation employs a team of 11 individuals.


Official website here: www.not applicable

What are the reviews and ratings of this charity?

Charity Navigator Rating: 100% (Four-Star out of Four Stars)

The University of South Carolina Business Partnership Foundation has achieved an impressive Four-Star rating from Charity Navigator, reflecting its commitment to accountability and finance. This rating is based entirely on a perfect score for Accountability & Finance, showcasing the foundation's strong governance practices and financial health. The organization boasts a fully independent board and adheres to rigorous oversight measures.

Strengths of the foundation include a high program expense ratio of 91.08%, indicating that a substantial majority of its funds are directed toward its mission. The foundation also effectively maintains transparency with policies in place for conflicts of interest and whistleblower protections, which contribute to its robust governance framework. Additionally, the foundation’s financial statements are audited, and it has no material diversion of assets, further emphasizing its fiscal responsibility.

While the data reflects strong performance in governance and financial management, no significant limitations were noted in the feedback. Overall, the University of South Carolina Business Partnership Foundation stands out as a highly accountable and financially sound organization, making it a commendable choice for potential donors and partners.


This AI summary has been generated from information found on Charity Navigator.

Is University Of South Carolina Business Partnership Foundation legitimate?

University Of South Carolina Business Partnership Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Of South Carolina Business Partnership Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $474,338
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,400,217

For more financial information, click here


Official website here: www.not applicable

What is the mission statement of University Of South Carolina Business Partnership Foundation?

The University of South Carolina Business Partnership Foundation works towards establishing ongoing collaborations between the University of South Carolina and the business community. This partnership aims to enhance and improve the College of Business Administration. The foundation solicits and manages gifts for the benefit of the college, building an endowment fund through the raised funds. Research in business and economic problems is encouraged and supported, and conferences are conducted for the education and development of management personnel worldwide. The foundation focuses on providing world-class business education tailored to customers' needs, strengthening relationships with corporate supporters, and recruiting and retaining top faculty by offering professional development opportunities. Through these efforts, the foundation equips business professionals with necessary knowledge and skills to excel in their jobs and develop effective managers.


Official website here: www.not applicable

Who is the CEO of University Of South Carolina Business Partnership Foundation?

David F Parker is the Trustee of University Of South Carolina Business Partnership Foundation.


Official website here: www.not applicable

What is the revenue of University Of South Carolina Business Partnership Foundation?

University Of South Carolina Business Partnership Foundation's revenue in 2022 was $17,993,004.


Official website here: www.not applicable

Who are the executives of University Of South Carolina Business Partnership Foundation and what are their salaries?

The average compensation at University Of South Carolina Business Partnership Foundation during 2022 was $261,323. There are 11 employees and 52 volunteers at University Of South Carolina Business Partnership Foundation.


Here are 21 key members and their salaries:


Trey Ackerman (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Walter L Davis (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John M Florence Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve H Grimshaw (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
The Honorable James H Hodges (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
F A Lowrey (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carlton B Dallas (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Reginald B Mcknight (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rose Buyck Newton (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lloyd E Johnson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mack I Whittle Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Brenan (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Mizeur (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
D Roger Nanney (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bruce Felt (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Iris N Griffin (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles W Garnett (Immediate Past Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jean E Duke (Secretary/President)
  • Compensation: $164,557
  • Related: $0
  • Other: $42,279
David Parker (Vice President)
  • Compensation: $153,527
  • Related: $0
  • Other: $37,814
Josh Hubbard (Director Of Accounting Through 6/2022)
  • Compensation: $106,801
  • Related: $0
  • Other: $30,336
Mark Cecchini (President - Corporate Solutions)
  • Compensation: $183,000
  • Related: $0
  • Other: $10,116


Official website here: www.not applicable

Where can I find the form 990 for University Of South Carolina Business Partnership Foundation?

University Of South Carolina Business Partnership Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.not applicable

Learn more at the official website: www.not applicable

Mission Statement of University Of South Carolina Business Partnership Foundation

University of South Carolina Business Partnership Foundation, a renowned organization, is dedicated to fostering enduring collaborations between the University of South Carolina and the business community. This relationship aims to enhance and improve the College of Business Administration through various means. The Foundation solicits and manages gifts for the College, overseeing the creative management of an endowment fund. With funds raised, it supports research in business and economic problems and assists in the organization and financing of conferences for management personnel development worldwide.

Moreover, the Foundation plays a pivotal role in providing world-class business education tailored to the needs of its customers. It builds closer relationships with key corporate supporters of the Darla Moore School of Business, and works to recruit and retain top faculty by offering professional development opportunities. The educational programs equip business professionals with essential knowledge and skills to excel in their roles and prepare managers to lead more effectively. The Foundation's mission is geared towards continuous education and development, empowering individuals to grow both personally and professionally.

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Impact




October, 2024

The University of South Carolina Business Partnership Foundation fosters a vital connection between the University of South Carolina and the business community, enhancing the College of Business Administration's educational and research capabilities. By establishing a continuing partnership, the foundation facilitates collaboration that benefits both academic programs and business practices.

Through its efforts to build an endowment fund and manage its resources creatively, the foundation ensures consistent financial support for innovative projects and initiatives. This financial underpinning directly enhances the quality of business education, allowing the College of Business Administration to adapt to the evolving needs of the market.

The foundation also plays a crucial role in supporting research that addresses significant business and economic challenges. By encouraging and funding inquiries into these areas, it contributes to the development of actionable insights that benefit both local and global economies.

Moreover, the foundation is dedicated to conducting educational programs and conferences aimed at professional development. These initiatives equip business professionals with the skills and knowledge required to excel in their roles and cultivate effective leadership in management positions. Through these actions, the foundation not only improves individual capabilities but also strengthens organizational effectiveness across industries.

In summary, the impact of the University of South Carolina Business Partnership Foundation extends beyond the university itself, nurturing a dynamic ecosystem where education, research, and business success are intertwined.




This information is meant to be a general summary of University Of South Carolina Business Partnership Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$17,993,004 (2022)
Expenses
$10,376,415 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $8,239,162
  • Program Service Revenue: $4,496,095
  • Gross Receipts: $17,993,004

Assets and Liabilities:

  • Total Assets: $128,044,992
  • Total Liabilities: $1,010,219
  • Net Assets: $127,034,773

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

CONTINUING EDUCATION FEES

Revenue

$4,496,095

Organization Details

Founding Year

1969

Principal Officer

David F Parker

Main Address

1014 GREENE STREET, COLUMBIA, SC, 29208

NTEE Category

Code: B90 - Education

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