Ccu Student Housing Foundation

Tax-deductible

Conway, SC501(c)(3)HousingEIN 22-3858837Revenue −$726K in FY2025

On file with the IRScoastal.edu/shf3400 Elvington Loop, 29526-0000 · Conway, SCTax-exempt since Apr 2003Supporting organization — 509(a)(3)

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The foundation's mission is to operate exclusively for the benefit of coastal carolina university by supporting Student Housing and various university endeavors.

501(c)(3) charity; gifts are tax-deductible.
7¢ of each $1 spent went to programs.
Run by 6 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
1 of 5
filings with a surplus
Average deficit $933K a year · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
7%
of spending
Concern: 7% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$26K
to officers and key staff · 31% of spending
Concern: pay to officers and key staff is 31% of spending; over 30%.
Pt VII · Sec A
Cash reserves
306 mo
of spending, in cash
Looks good: 306.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$132K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
−$726K
-323% vs prior year
Spent
$83K
To programs
7%
Net assets
$2.0M
By yearFY2021–FY2025
Revenue
−$726K
FY2025▼ -323%
Tap a bar for its year
Revenue by fiscal year
FY2021$37K
FY2022$14K
FY2023$147K
FY2024$326K
FY2025−$726K
Expenses
$83K
FY2025▼ -17%
Tap a bar for its year
Expenses by fiscal year
FY2021$285K
FY2022$212K
FY2023$3.8M
FY2024$101K
FY2025$83K
Net assets
$2.0M
FY2025▼ -29%
Tap a bar for its year
Net assets by fiscal year
FY2021$6.4M
FY2022$6.2M
FY2023$2.6M
FY2024$2.8M
FY2025$2.0M

From the FY2025 Form 990 (year ending June 2025) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2003.

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

Where the money goes

7 cents of each dollar spent went to programs.

Program services 7% · $6K Management & general 93% · $77K

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; $26K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$25,925Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Ex Officio Member, Nonvoting
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
David a Decenzo————$75,000
Michael T Benson———$42,011—
Nancy Z Jarrett$25,925$21,825$26,205$24,475$23,925

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 15aYes

Programs and updates

Supports student housing and university projects at Coastal Carolina University.

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Provided by the organization

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3 programs · $6K · in their own filed words · FY2024
01

During the year a portion of administrative expenses were dedicated to the program services that benefit coastal carolina university.

$6Kprogram expense
02

In 2023, the foundation agreed to pay $195,000 to the coastal educational foundation for the benefit of university operations. The gift is paid out in $30,000 increments annually through the year ending june 30, 2028, with a final payment of $15,000 to be paid between july 1, 2028 and december 31, 2028

Pt IX · col B
03

In 2016, the foundation purchased a 26.71-ACRE land parcel for $1.825 million to be developed by coastal carolina university in the future. In december, 2024, the foundation sold the parcel to coastal carolina university for $1 million.

Pt IX · col B

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 2 grants · $3.7M · 2022–2023
Coastal Carolina UniversityFY2023$14,089
Coastal Carolina UniversityFY2022$3,695,000

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
−$726K
Ln 12
Investment incomeLn 3$66K
Money outPt IX
$83K
Ln 25
Programscol B$6K
Managementcol C$77K
Owns and owesPt X
$2.0M
net assets · Ln 32
Cash and savingsLn 1–2$2.1M
Total assetsLn 16$2.1M
LiabilitiesLn 26$132K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$66K
Gains on assetsLn 7−$875K
Total revenueLn 12−$726K
Assets in detailPt X, end of year
CashLn 1$1.9M
SavingsLn 2$250K
Cash and savings togetherLn 1–2$2.1M
Total assetsLn 16$2.1M
LiabilitiesLn 26$132K
Net assetsLn 32$2.0M
OperationsPt I, VI
EmployeesI 51
VolunteersI 66
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$4.6M$2.1M
Total assetsLn 16$6.5M$2.1M
LiabilitiesLn 26$3.7M$132K
Net assetsLn 32$2.8M$2.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$23K$3K$20K
Other salaries and wagesLn 7$22K$3K$19K
Payroll taxesLn 10$2K$220$2K
Other fees for servicesLn 11g$24K$24K
InsuranceLn 23$9K$9K
Other expenses (24a–d)Ln 24$3K$3K
Total functional expensesLn 25$83K$6K$77K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing −$726K$83K−$810K$2.0M 990 PDF
FY2024 $326K$101K$225K$2.8M 990 PDF
FY2023 $147K$3.8M−$3.6M$2.6M 990 PDF
FY2022 $14K$212K−$198K$6.2M 990 PDF
FY2021 $37K$285K−$248K$6.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary −$726,262 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $246,037−$808,762
I-11 Other revenuePrior year $80,000$82,500
I-12 Total revenuePrior year $326,037−$726,262
I-13 Grants and similar amounts paidPrior year $14,089$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $47,788$47,328
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $38,752$36,008
I-18 Total expensesPrior year $100,629$83,336
I-19 Revenue less expensesPrior year $225,408−$809,598
Part VI · Governance 6 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue −$726,262 across 5 lines filed
VIII-3 Investment incomeExcluded from tax $66,274$66,274
VIII-6 Net rental income or lossExcluded from tax $80,000$80,000
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$875,036−$875,036
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $2,500$2,500
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$726,262−$726,262
Part IX · Statement of functional expenses $83,336 across 6 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $2,880 · Management $20,470$23,350
IX-7 Other salaries and wagesPrograms $2,737 · Management $19,455$22,192
IX-10 Payroll taxesPrograms $220 · Management $1,566$1,786
IX-11g Other fees for servicesManagement $23,882$23,882
IX-23 InsuranceManagement $9,302$9,302
IX-24 Other expenses (24a–d)Management $2,824$2,824
IX-25 Total functional expensesPrograms $5,837 · Management $77,499 · Fundraising $0$83,336
Part X · Balance sheet $2,132,550 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $4,092,154$1,877,948
X-2 Savings and temporary cash investmentsStart of year $501,002$250,000
X-9 Prepaid expenses and deferred chargesStart of year $3,413$4,602
X-16 Total assetsStart of year $6,471,605$2,132,550
X-17 Accounts payable and accrued expensesStart of year $3,660,989$131,532
X-26 Total liabilitiesStart of year $3,660,989$131,532
X-27 Net assets without donor restrictionsStart of year $2,810,616$2,001,018
X-32 Total net assets or fund balancesStart of year $2,810,616$2,001,018
X-33 Total liabilities and net assetsStart of year $6,471,605$2,132,550
Part XI · Reconciliation of net assets $2,001,018 net assets at year end
XI-1 Total revenue−$726,262
XI-2 Total expenses$83,336
XI-3 Revenue less expenses−$809,598
XI-4 Net assets at start of year$2,810,616
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,001,018

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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