South Carolina Research Authority
South Carolina Research Authority reported $16.2 million in revenue and $16.0 million in expenses for the fiscal year ending June 30, 2023. Of every $100 it spent, $82.40 went to program services, $17.60 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 53.0% of the total. The highest compensation it reported for one person was $353,081 (EXECUTIVE DIRECTOR). 16 people received more than $100,000 in reportable compensation. Revenue rose 28% between FY2020 and FY2023. Source: Form 990, FY2023.
Where $100 of spending went
The fiscal year ending June 30, 2023 · Form 990, Part IX, line 25 · total expenses $16MFor context, the median across 192 covered science & technology charities: $84.33 programs, $15.67 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2023 · Form 990, Part VIII · total revenue $16MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2023 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 82.4% | 83.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 17.6% | 15.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 53.0% | 51.6% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 3.2% |
| Program service revenue share Part VIII 2g ÷ 12 | 7.3% | 19.2% |
| Highest reported compensation Part VII-A, columns D–F | $353,081 | $513,729 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.21% | 1.72% |
| People paid over $100,000 Part VII, line 2 | 16 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 50.4 | 14.7 |
| Independent voting board members Part VI 1a–1b | 11 of 11 | 94.3% |
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
FY2023 · Form 990, Part III · the three largest programs by expenseTo attract high technology industry by developing research facilities in South Carolina. Provide support in the form of grants and expertise to researchers and entrepreneurs in technology-based ventures to foster job creation and economic growth in the state of sc. Approximately 83% of scra expenses for the year ended june 30, 2023 were related to program services
Highest reported compensation
FY2023 · 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 |
|---|---|---|---|---|
| EXECUTIVE DIRECTOR Officer, 40.0 hrs/week | $326,141 | $0 | $26,940 | $353,081 |
| DIRECTOR SC INDUSTRY SOLUTIONS Highest compensated employee, 40.0 hrs/week | $214,080 | $0 | $25,136 | $239,216 |
| DIRECTOR OF FINANCE & ADMIN Officer, 35.0 hrs/week | $191,757 | $0 | $30,997 | $222,754 |
| DIRECTOR SC LAUNCH Key employee, 20.0 hrs/week | $196,411 | $0 | $25,261 | $221,672 |
| SENIOR INVESTMENT MANAGER Highest compensated employee, 40.0 hrs/week | $186,856 | $0 | $24,730 | $211,586 |
| DIR. SC ACADEMIC INNOVATIONS Key employee, 40.0 hrs/week | $181,951 | $0 | $28,385 | $210,336 |
| DIRECTOR, SC EPSCOR Highest compensated employee, 40.0 hrs/week | $182,451 | $0 | $25,234 | $207,685 |
| SENIOR INVESTMENT MANAGER Highest compensated employee, 40.0 hrs/week | $179,885 | $0 | $24,195 | $204,080 |
16 people received more than $100,000 in reportable compensation from South Carolina Research Authority (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.3M (Part IX, line 5).
4 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2023 · 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–1b11 · 11 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 4Yes
- 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 539
- Volunteers Part I, line 624
Correct a figure or respond
Every number above is copied from South Carolina Research Authority's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for South Carolina Research Authority, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 South Carolina Research Authority spent in FY2023, $82.40 went to programs. The full breakdown, from its IRS Form 990:
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All science & technology charities · Largest charities in South Carolina
Questions people ask
How much of South Carolina Research Authority's spending goes to programs?
In the fiscal year ending June 30, 2023, South Carolina Research Authority reported that 82.4% of its $16.0 million in expenses went to program services, 17.6% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does South Carolina Research Authority pay its top executive?
The largest total compensation South Carolina Research Authority reported for one person in the fiscal year ending June 30, 2023 was $353,081, for the role of EXECUTIVE DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does South Carolina Research Authority get its money?
Of $16.2 million in revenue in the fiscal year ending June 30, 2023, 53.0% came from contributions and grants and 7.3% from program service revenue (Form 990, Part VIII).
Is South Carolina Research Authority a registered charity?
The IRS lists EIN 57-0736144 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. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202440729349301009 · read the filing · XML
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202320309349300012 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202210639349300631 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202140559349301134 · read the filing
All filings for EIN 57-0736144: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.