Investor Presentaiton
University of South Carolina Upstate Foundation and Supporting Organization
Consolidated Statement of Activities
For the Year Ended June 30, 2022
Net assets without
donor restrictions
Net assets with
donor restrictions
Total
Operating revenues, gains (losses), and other support:
Contributions
In-kind contributions
Earned income - contributions
Unrealized losses on investments, net
151,219
2,403,807
2,555,026
127,222
127,222
76,171
76,171
Investment income, net
(417,437)
40,157
(1,982,271)
(2,399,708)
54,572
94,729
Change in value of charitable remainder trust
(2,374)
(2,374)
Administrative fee
113,252
113,252
Other revenue
746
746
Satisfaction of program restrictions
1,071,989
(1,071,989)
Total operating, revenues, gains (losses), and other support
1,087,148
(522,084)
565,064
Operating expenses:
Program expenses:
Scholarships
158,380
Supporting services to USC Upstate
953,840
In-kind expenses
127,222
Program operating expenses
247,703
Supporting expenses:
Administrative fee
113,252
Bank fees
Foundation operating expenses
387
89,322
158,380
953,840
127,222
247,703
113,252
387
Total operating expenses
1,690,106
89,322
1,690,106
Change in net assets
(602,958)
(522,084)
(1,125,042)
Net assets, beginning of year
1,452,826
16,134,978
17,587,804
Net assets, end of year
849,868
15,612,894
$ 16,462,762
See accompanying notes.View entire presentation