EIN 57-0468430

Sys

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
1965
Most recent tax filings
2024-06-01
Description
The Foundation resources, develops, and incubates solutions to strengthen the state's workforce through a variety of activities.
Also known as...
South Carolina Technical College System Foundation
Total revenues
$628,161
2024
20202021202220232024$0$0.4m
Total expenses
$416,775
2024
20202021202220232024$0$0.4m
Total assets
$858,754
2024
20202021202220232024$0$0.4m$0.8m
Num. employees
0
2024
2020202120222023202400.51

Program areas at Sys

CREATE OPPORTUNITY IS AN INITIATIVE OF THE FOUNDATION THAT INCREASES THE SUPPLY OF HIGH-DEMAND SOFTWARE ENGINEERS THROUGH A SCREENING, TRAINING AND APPRENTICESHIP MODEL DESIGNED FOR INDIVIDUALS FROM DIVERSE, NON-TECHNICAL BACKGROUNDS. THE FOUNDATION HAS DEVELOPED A UNIQUE, HIGH-IMPACT CURRICULUM THAT YIELDS DIFFERENTIATED RESULTS. TO DATE, 100% OF THE FOUNDATION'S APPRENTICES HAVE BEEN PLACED AT A MEDIAN SALARY IN EXCESS OF $50,000 PER YEAR WITH HEALTH INSURANCE AND RETIREMENT BENEFITS.CREATE OPPORTUNITY'S PROGRAM HAS BEEN DEVELOPED IN PARTNERSHIP WITH SOUTH CAROLINA'S TECHNICAL COLLEGE SYSTEM, AND CONSISTS OF CURRICULUM DEVELOPOMENT, SOFT SKILLS AND LIFE COUNSELING, FINANCIAL SUPPORT AND PARTNERSHIPS TO ENSURE LONG-TERM SUCCESS.CURRENT INDICATORS OF SUCCESS INCLUDE:1. STUDENT ENROLLMENT AND COMPLETION RATES - GRADUATION RATE HAS IMPROVED WITH EVERY COHORT FOR 2.5 YEARS. COMPLETION RATE = 61%;2. Job placement/retention rates - % of graduates employed in their field within 6 months of graduation = 100%, graduates who remain employed after 1 year = 92%;3. Skills proficiency - regular testing to measure proficiency in key technical skills;4. Program efficiency - regular feedback from instructors to asses curriculum effectiveness and student progress; and5. Income improvement - average participant income increases 76% upon placement in first apprenticeship, potential earnings of $1.2 million over 20 years.
Annually, the Foundation provides an amount applied for and disbursed to the South Carolina State Technical College System to support economic development and technical education.

Who funds Sys

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Central Carolina Community FoundationGeneral Support$100,000
South Carolina Student Loan Corporation (SCSL)Support Coding Program for Workforce Development$40,000

Personnel at Sys

NameTitleCompensation
Tim HardeeExecutive Director$17,564
Randall JohnsonFinance Director$0
Charles SoxBoard Secretary
Susan WinsorInterim President$9,947
Cindy HoogenboomPast Finance Director$0
...and 2 more key personnel

Financials for Sys

RevenuesFYE 06/2024
Total grants, contributions, etc.$598,650
Program services$0
Investment income and dividends$27,952
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$1,559
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$628,161

Form 990s for Sys

Fiscal year endingDate received by IRSFormPDF link
2024-062024-11-15990View PDF
2023-062023-10-19990View PDF
2022-062023-01-09990View PDF
2021-062021-09-02990View PDF
2020-062021-02-17990View PDF
...and 10 more Form 990s
Data update history
December 5, 2023
Posted financials
Added Form 990 for fiscal year 2023
December 4, 2023
Updated personnel
Identified 11 new personnel
June 20, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 17, 2023
Updated personnel
Identified 3 new personnel
May 15, 2023
Received grants
Identified 1 new grant, including a grant for $40,000 from Central Carolina Community Foundation
Nonprofit Types
Grantmaking organizationsCorporate foundationsSchoolsHeadquarter / parent organizationsCharities
Issues
Education
Characteristics
State / local levelReceives government fundingEndowed supportProvides scholarshipsTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
111 Executive Dr
Columbia, SC 29210
Metro area
Columbia, SC
County
Lexington County, SC
Website URL
sctechfoundation.org/ 
Phone
(803) 896-5320
IRS details
EIN
57-0468430
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1965
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B12: Education Fund Raising and Fund Distribution
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Central organization
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