NonprofitsFrancis Marion University Development Foundation

Education

Francis Marion University Development Foundation

FLORENCE, SC

Total revenue

$7.1M

Total expenses

$5.9M

Net assets

$12.8M

Grants received

$167K

2 grants

EIN

200118161

Tax year

2023

Mission

The foundation is organized and operated exclusively for the benefit of francis marion university, specifically in management of student housing, other real property, and acceptance of gifts and other support as agreed upon by the foundation's board of directors and the university.

Programs

1 program

The foundation is a program supported agency and acts in accordance with its nonprofit status to provide support to francis marion university. All donations in kind or in cash are reported by the supported organization as gifts from the development foundation. The development foundation provides donations to the education foundation, which is a related party to francis marion university.

Expenses: $1.1MGrants: $1.1M

Financials

FY 2023

Revenue

Contributions & grants
Program service revenue$6.7M
Investment income$415K
Other revenue
Total revenue$7.1M

Expenses

Grants paid$1.1M
Salaries & benefits$689K
Fundraising
Other expenses$4.1M
Total expenses$5.9M
Total assets$27.8M
Net assets$12.8M

People

6 listed

NameRoleCompensation

DARRYL BRIDGES

BOARD MEMBER

Board

0.1 hrs/wk

KEN JACKSON

BOARD MEMBER

Board

0.1 hrs/wk

CARL HUMPHRIES

BOARD MEMBER

Board

0.1 hrs/wk

JOYCE DURANT

BOARD MEMBER

Board

0.1 hrs/wk

PERRY GRICE

BOARD MEMBER

Board

0.1 hrs/wk

HAIEASHA SINGLETARY

EXECUTIVE DI

Board

12 hrs/wk

Independent contractors

DUKE ENERGY PROGRESS

UTILITIES

$248K

JOHNSON CONTROLS INC

HVAC

$210K

PENTARISK ASSOCIATES OF GEORGIA

INSURANCE

$187K

NICHE INC

STUDENT RECRUIT

$120K

Grants received

Showing 2 of 2

FromAmountPurposeYear
$163K
GENERAL FUNDING
2023

Funded by

$167K from 2 funders · 2 grants · 2020–2023

Darla Moore And Richard Rainwater

$163K · 1 grant · 2023

Details

EIN200118161
NTEE codeB19
Subsection03
Ruling date2004-03
Formed2003
Employees0
Volunteers4
FRANCIS MARION UNIVERSITY DEVELOPMENT FOUNDATION — Mission, Financials & Grants Received | Grantivo