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Scbio Foundation FY2022 filing

Tax-deductible

Greenville, SC501(c)(3)Since 2004Science & Technology EIN 20-0613951Revenue $384K in FY2022

On file with the IRSscbio.org1140 Woodruff Rd Ste 106, 29607-4173 · Greenville, SCTax-exempt since Nov 2004Publicly supported charity — 170(b)(1)(A)(vi)

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By focusing on the mission to enhance the development and growth of south carolina's life sciences industry ecosystem and by strengthening the state's workforce, education, innovation, and research infracstructure, the Foundation works to achieve the vision of creating the nation's most industry-friendly and innovative life sciences ecosystem and business environment to fuel the knowledge economy in south carolina. This mission furthers the goal of ensuring that south carolina companies, research institutions, and citizens reap the economic and societal benefits of a world-class life sciences cluster.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average surplus $2K a year · 2% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 7 voting members
Looks good: 6 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$384K
×15 vs prior year
Spent
$386K
To programs
99%
Net assets
$39K
By yearFY2020–FY2025
Revenue
$384K
FY2022▲ ×15
Tap a bar for its year
Revenue by fiscal year
FY2020$82K
FY2021$25K
FY2022$384K
FY2023$25K
FY2024$0
FY2025$0
Expenses
$386K
FY2022▲ ×78
Tap a bar for its year
Expenses by fiscal year
FY2020$83K
FY2021$5K
FY2022$386K
FY2023$14K
FY2024$11K
FY2025$8K
Net assets
$39K
FY2022▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2020$21K
FY2021$41K
FY2022$39K
FY2023$51K
FY2024$39K
FY2025$31K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2004.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $383K Management & general 1% · $3K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
Shontavia Johnson
Board Member
$0Pt VII · Sec A
Steve Johnson
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Shawn Regan
Treasurer
$0Pt VII · Sec A
Matthew Couvillion
Legal Officer
$0Pt VII · Sec A
$0Pt VII · Sec A
James Chappell
President & CEO
$0Pt VII · Sec A
Erin Ford
EVP/COO
$0Pt VII · Sec A
See Scbio Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Strengthens South Carolina's life sciences workforce, education, innovation, and research infrastructure.

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Provided by the organization

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1 program · $383K · in their own filed words · FY2022
01

Economic development activities, including conferences promoting south carolina life sciences

$383Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2021
Prisma HealthFY2021$10K
Total grants receivedfrom 1 funder$10K
Grants paid · 2 grants · $14K · 2024–2025
Unitemized GrantFY2025$6,000
Unitemized GrantFY2024$7,500

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$384K
Ln 12
Fees for servicesLn 2g$216K
Gifts and grantsLn 1h$168K
Money outPt IX
$386K
Ln 25
Programscol B$383K
Managementcol C$3K
Owns and owesPt X
$39K
net assets · Ln 32
Cash and savingsLn 1–2$39K
Total assetsLn 16$39K
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$168K
Government grantsLn 1e$75K
Fees for servicesLn 2g$216K
Total revenueLn 12$384K
Assets in detailPt X, end of year
CashLn 1$39K
Cash and savings togetherLn 1–2$39K
Total assetsLn 16$39K
LiabilitiesLn 26$0
Net assetsLn 32$39K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$40K$39K
Total assetsLn 16$41K$39K
LiabilitiesLn 26$0$0
Net assetsLn 32$41K$39K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$26$26
Depreciation, depletion and amortizationLn 22$19$19
Other expenses (24a–d)Ln 24$383K$383K
Total functional expensesLn 25$386K$383K$3K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $0$8K−$8K$31K 990 PDF
FY2024 $0$11K−$11K$39K 990 PDF
FY2023 $25K$14K$11K$51K 990 PDF
FY2022 Viewing $384K$386K−$2K$39K 990 PDF
FY2021 $25K$5K$20K$41K 990 PDF
FY2020 $82K$83K−$1K$21K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $384,448 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$168,448
I-9 Program service revenuePrior year $25,000$216,000
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $25,000$384,448
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $4,933$386,000
I-18 Total expensesPrior year $4,933$386,000
I-19 Revenue less expensesPrior year $20,067−$1,552
Part VI · Governance 6 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members6
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $384,448 across 5 lines filed
VIII-1d Related organizations$93,448
VIII-1e Government grants$75,000
VIII-1h Total contributions, gifts and grants$168,448
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $216,000$216,000
VIII-12 Total revenueRelated to mission $216,000 · Unrelated business $0 · Excluded from tax $0$384,448
Part IX · Statement of functional expenses $386,000 across 4 lines filed
IX-11c Accounting feesManagement $2,477$2,477
IX-11g Other fees for servicesManagement $26$26
IX-22 Depreciation, depletion and amortizationManagement $19$19
IX-24 Other expenses (24a–d)Programs $383,478$383,478
IX-25 Total functional expensesPrograms $383,478 · Management $2,522 · Fundraising $0$386,000
Part X · Balance sheet $39,258 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $40,252$38,719
X-14 Intangible assetsStart of year $558$539
X-16 Total assetsStart of year $40,810$39,258
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $40,810$39,258
X-32 Total net assets or fund balancesStart of year $40,810$39,258
X-33 Total liabilities and net assetsStart of year $40,810$39,258
Part XI · Reconciliation of net assets $39,258 net assets at year end
XI-1 Total revenue$384,448
XI-2 Total expenses$386,000
XI-3 Revenue less expenses−$1,552
XI-4 Net assets at start of year$40,810
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$39,258

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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