Columbia College Foundation Inc
Nonprofit profile at a glance
- EIN
- 570736261
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024, Form 990-EZ 2010, Form 990-N 2021
- Location
- Columbia, SC, USA
- Phone
- 8032018861
- Rating
- 69
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Public Foundations
Reported finances
- Revenue
- $2,806,426
- Expenses
- $458,434
- Assets
- $11,461,295
- Liabilities
- $5,121,650
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- Ann Marie Stieritz (CEO)
- John Dozier (CC President)
People named in this filing
- Ann Marie Stieritz (CEO)
- Jesse Smith (Chair)
- Tina Herbert (Vice Chair)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Foundation is organized exclusively for charitable and educational purposes under Section 501(c)(3) of the Internal Revenue Code and exists to support and promote the welfare and future development of the College. In furtherance of this purpose, the Foundation may receive and administer gifts, grants, and bequests; acquire, hold, manage, lease, develop, and dispose of real and personal property; invest and reinvest assets, including endowment funds; and distribute funds or property to benefit the College and its programs. The Foundation operates under the direction of its Board of Directors and is prohibited from engaging in activities inconsistent with its tax-exempt status, including political activity or private increment. Upon dissolution, any remaining assets are required to be distributed to Columbia College.
What it reported doing in 2024
The Foundation is organized exclusively for charitable and educational purposes under Section 501(c)(3) of the Internal Revenue Code and exists to support and promote the welfare and future development of the College.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 52
- Transparency & Controls: 92
- Accountability: 64
- Sustainability: 88
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 15.8%; rating input score 16
- Program expense ratio: 96.8%; rating input score 97
- Fundraising efficiency: $2,289.12 raised per $1 spent on fundraising; rating input score 99; 99th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 1 of 7 controls in place; rating input score 14
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Fail
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 83.7%; rating input score 98; 98th percentile among comparable filings
- Total-asset coverage ratio: 25; rating input score 97; 97th percentile among comparable filings
- Liabilities to assets ratio: 0.45; rating input score 24; 24th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 91; 91st percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 14.3% per year; rating input score 100; 80th percentile among comparable filings
- Asset growth: 14.3% per year; rating input score 100; 72nd percentile among comparable filings
Details
- Where the money goes: 15.8% of revenue deployed · 96.8% of spending went to programs
- Governance: 9 of 9 board members independent · 1 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $444K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 22 of 22 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Contacts: How to reach this organization
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 16/100.
- High — Accountability: Governance controls: 6 of 7 not reported.
- High — Sustainability: Liabilities to assets ratio scored 24/100.