University of South Carolina Business Partnership Foundation
University of South Carolina Business Partnership Foundation reported $17.3 million in revenue and $15.6 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $92.33 went to program services, $7.67 to management and general costs and $0.00 to fundraising. Its largest source of revenue was investment income: 38.0% of the total. The highest compensation it reported for one person was $227,448 (TREASURER/VICE PRESIDENT (NON VOTING)). 6 people received more than $100,000 in reportable compensation. Revenue fell 3% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $16MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $17MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 92.3% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 7.7% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 34.5% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 27.2% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $227,448 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.46% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 6 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 132.9 | 13.3 |
| Independent voting board members Part VI 1a–1b | 14 of 14 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseContinuing education: continuing education and educational programs activities seek to provide world-class business education tailored to the needs of our customers, build closer relationships with key corporate supporters of the darla moore school of business, and to recruit and retain top faculty by providing professional development opportunities. The educational programs equip business professionals with knowledge and skills to better perform their jobs and develop managers to lead more effectively
Academic support: the foundation provides departments with the resources needed to engage in business research, recruit and retain faculty, host visiting professors, fund distinguished chairs, and engage in other initiatives designed to enhance the education and activities of the students as well as the reputation of the darla moore school of business
Scholarships and student assistance: the foundation utilizes endowments and other funds to provide scholarships and fellowships to students of the darla moore school of business in order to award high achieving scholars and attract them to the school, assist first generation students and students with financial need in accessing an education at the darla moore school of business, provide study abroad opportunities, and otherwise support students by enriching their college education and making it more affordable
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| TREASURER/VICE PRESIDENT (NON VOTING) Officer, 40.00 hrs/week | $182,120 | $0 | $45,328 | $227,448 |
| CHIEF EXTERNAL RELATIONS OFFICER Highest compensated employee, 40.00 hrs/week | $194,637 | $0 | $23,559 | $218,196 |
| SECRETARY/PRESIDENT (NONVOTING) Officer, 40.00 hrs/week | $179,142 | $0 | $31,106 | $210,248 |
| PRESIDENT - CORPORATE SOLUTIONS Highest compensated employee, 40.00 hrs/week | $147,231 | $0 | $11,908 | $159,139 |
| DIRECTOR OF BUSINESS OPERATIONS Highest compensated employee, 40.00 hrs/week | $123,319 | $0 | $26,907 | $150,226 |
| DIRECTOR OF ACCOUNTING Highest compensated employee, 40.00 hrs/week | $123,880 | $0 | $21,174 | $145,054 |
6 people received more than $100,000 in reportable compensation from University of South Carolina Business Partnership Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $669K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b14 · 14 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 521
- Volunteers Part I, line 650
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| AVEDON ADVISORY LLC Advisory services | $227,167 |
| PALMETTO SHOP LLC Marketing services | $127,896 |
| JBL FINANCIAL SERVICES LLC Advisory services | $107,730 |
Individuals listed as contractors are left out. 10 contractors were paid more than $100,000 in all.
Private foundation grants it received
2 private foundations reported grants to University of South Carolina Business Partnership Foundation totaling $518 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from University of South Carolina Business Partnership Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for University of South Carolina Business Partnership Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 University of South Carolina Business Partnership Foundation spent in FY2025, $92.33 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Foundation for Jewish Day Schools of Greater PhiladelphiaPhiladelphia, PA · revenue $17M · programs 94.7% · FY2025
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- Tulsa Christian Education CorporationTulsa, OK · revenue $17M · programs 82.2% · FY2025
- Community of Peace AcademySt Paul, MN · revenue $17M · programs 89.9% · FY2025
- Serving Our ChildrenWashington, DC · revenue $17M · programs 91.8% · FY2025
All education charities · Largest charities in South Carolina
Questions people ask
How much of University of South Carolina Business Partnership Foundation's spending goes to programs?
In the fiscal year ending June 30, 2025, University of South Carolina Business Partnership Foundation reported that 92.3% of its $15.6 million in expenses went to program services, 7.7% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does University of South Carolina Business Partnership Foundation pay its top executive?
The largest total compensation University of South Carolina Business Partnership Foundation reported for one person in the fiscal year ending June 30, 2025 was $227,448, for the role of TREASURER/VICE PRESIDENT (NON VOTING) (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does University of South Carolina Business Partnership Foundation get its money?
Of $17.3 million in revenue in the fiscal year ending June 30, 2025, 34.5% came from contributions and grants and 27.2% from program service revenue (Form 990, Part VIII).
Is University of South Carolina Business Partnership Foundation a registered charity?
The IRS lists EIN 23-7042391 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202600489349300040 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202511279349301146 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202411319349302891 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202340609349300834 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202200909349301235 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202120829349301457 · read the filing
All filings for EIN 23-7042391: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.