Lander Foundation FY2021 filing

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EIN 57-0327816 Public charity (501(c)(3)) Greenwood, SC
Form 990 (PDF)

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Revenue & expenses by yearFY2020–FY2025
Revenue
$9.7M
FY2021▲ +165%
Expenses
$3.5M
FY2021▼ -3%

Form 990 for the fiscal year ending June 2021 (IRS tax year 2020).


Manages and invests funds and property to support Lander University's welfare. For fiscal year 2021 it reported $9.7M in revenue, $3.5M in expenses, and $34.3M in net assets.Pt I

Founded
1975
Type
Public charity (501(c)(3)) · Nonprofit
Location
Greenwood, SC
Website
www.lander.edu
Filings
6 on file (2020–2021)
Revenue
$9.7MFY2021
Expenses
$3.5M
Net assets
$34.3M
People
16
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Figures match the IRS filing checked 8/16/26 · see original: IRS
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Size
$1–10M
What they do
Manages and invests funds and property to support Lander University's welfare.
Leadership
Boyd Yarbrough · Director Non-Voting
Money in and out
$9.7M revenue, $3.5M expenses
Bottom line
72% program efficiency

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

GOOD

Yes — A charitable, religious, educational, scientific, or literary organization. Contributions are generally tax-deductible for donors.

IRS Business Master File records this organization as tax-exempt with deductible contributions. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Filed FY2024 (typical filing lag)

Most recent Form 990 on file is for fiscal year 2024 (2 years ago). See detail →

Is it receiving grants from reputable foundations?

GOOD

8 funders, incl. Donor Advised Charitable Giving INC

8 distinct foundation funder(s) on file, $224K received in the most recent year with grants. See detail →

How is the money spent?

GOOD

72% to programs

72% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

$1–10M · ↑ +165% vs prior year

Revenue band $1–10M, +165% versus the prior filing year (up). See detail →

Where the money goes · FY2021
Total revenue
$9.7M
Pt VIII · Ln 12
Total expenses
$3.5M
Pt IX · Ln 25
Net assets
$34.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $6.2M
Where spending went · Part IX cols B–D
Program services $0.72 Management & general $0.13 Fundraising $0.15
Program efficiency
72%
of spending reaches programs
Operating runway
75.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
+64%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$44.6M
FY2021▲ +19%
Total liabilities
$10.3M
FY2021▼ -5%
Revenue less expensesPt I · Ln 19$6.2M
Total assetsPt X · Ln 16$44.6M
Program-expense ratioPt IX · col B72%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CLander Foundation
EINHdr · item D57-0327816
Principal addressHdr · item CGreenwood, SC
WebsiteHdr · item Jwww.lander.edu
Year of formationHdr · item L1975
State of legal domicileHdr · item MSC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFFeb 1975

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Director Non-Voting
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director Non-Voting
$0Pt VII · Sec A
Director Non-Voting
$0Pt VII · Sec A
Director Non-Voting
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Lander Foundation executive salaries →

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Mission & Programs · Part III

Where the work happens

3 program services account for $2.5M of program spending, described in the organization's own filed words · FY2020.
01

Invest in and manage in real estate- the organization acquires and manages property to be used for the welfare of the organization as well as lander university. These properties are primarily used for administration purposes, athletic facilities, student housing, and meeting spaces available to the public.

$1.2Mprogram expense
02

Faculty and staff development and research- the foundation faculty and staff development committee receives and reviews proposals and awards grants regarding needs of the university, such as faculty and staff.

$700Kprogram expense
03

Scholarships- the lander foundation provides funds through scholarships to students in need.

$639Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$4.9M · 50%
Investment income$3.9M · 40%
Other revenue$924K · 10%
Contributions & grants50%$4.9M
Investment income40%$3.9M
Other revenue10%$924K
Total revenueLn 12$9.7M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.72 Management & general $0.13 Fundraising $0.15
Program services72%$2.5M
Management & general13%$459K
Fundraising15%$533K
Total functional expensesLn 25$3.5M

Balance Sheet

Part X · end of year
CashLn 1$2.7M
Total assetsLn 16$44.6M
Total liabilitiesLn 26$10.3M
Total net assetsLn 32$34.3M
Months of cash on handcomputed9.2

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $22.3M · Operating expenses/yr $3.5M
75.9 months
Where the money goes
Program services
Program services $2.5M · Total expenses $3.5M
72%
Management & General
Management & general $459K · Total expenses $3.5M
13%
Fundraising
Fundraising $533K · Total expenses $3.5M
15%
Cost to raise $1
Fundraising expense (2-yr avg) $562K · Solicited contributions (2-yr avg) $4.0M
$0.14 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $4.9M · Total revenue $9.7M
50%
Government reliance
Government grants — · Total revenue $9.7M
—
Earned-income share
Program service revenue $0 · Total revenue $9.7M
0%
Investment reliance
Investment income $3.9M · Total revenue $9.7M
+40%
Program self-sufficiency
Program service revenue $0 · Total expenses $3.5M
0%
Growth & trend
Revenue growth (YoY)
This year $9.7M · Prior year $3.7M
+165%
Net-asset trend (YoY)
End of year $34.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $9.7M · Expenses $3.5M
+64%
Liabilities-to-Assets
Total liabilities — · Total assets $44.6M
—
Net-asset ratio
Net assets $34.3M · Total assets $44.6M
77%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $19.6M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $44.6M
44%
People & payroll
Highest Reported Total Compensation
Individual Boyd Yarbrough · Reported title DIRECTOR NON-VOTING · Highest reported compensation $0 · Total expenses $3.5M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $3.5M
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 72%——
Overhead ratio 13%——
Fundraising cost ratio 11%——
Revenue growth 165%——
Investment management fee ratio 0.2%——
Legal fee ratio <0.01%——
Accounting fee ratio 0.8%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 8 funders →
Grants paid · 6 grants · $3.6M · 2019–2021
Lander UniversityFY2021$686,001
Lander UniversityFY2021$300,839
Lander UniversityFY2020$705,083
Lander UniversityFY2020$633,863
Lander UniversityFY2019$667,112
Lander UniversityFY2019$560,465

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$7.9M revenue · ⤓ 990 PDF
FY2024$4.5M revenue · ⤓ 990 PDF
FY2023$3.9M revenue · ⤓ 990 PDF
FY2022$7.0M revenue · ⤓ 990 PDF
FY2021$9.7M revenue · viewing · ⤓ 990 PDF
FY2020$3.7M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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