Francis Marion University Development Foundation
Francis Marion University Development Foundation consistently grows assets with no reported officer compensation.
EIN: 200118161 · Florence, SC · NTEE: B19 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.8M |
| Total Expenses | $5.7M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $27 |
| Net Assets | $11.6M |
| Transparency Score | 88/100 |
Is Francis Marion University Development Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Francis Marion University Development Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Francis Marion University Development Foundation
Francis Marion University Development Foundation (EIN: 200118161) is a nonprofit organization based in Florence, SC, classified under NTEE code B19. The organization reported total revenue of $7.8M and total assets of $27.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Francis Marion University Development Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Francis Marion University Development Foundation is a mid-size nonprofit that has been operating for 22 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 0.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.7M |
| Total Expenses | $5.7M |
| Surplus / Deficit | +$1.0M |
| Total Assets | $27.6M |
| Total Liabilities | $16.0M |
| Net Assets | $11.6M |
| Operating Margin | 15.1% |
| Debt-to-Asset Ratio | 58.1% |
| Months of Reserves | 58.0 months |
Financial Health Grade: A
In 2023, Francis Marion University Development Foundation reported a surplus of $1.0M with revenue exceeding expenses, holds 58.0 months of operating reserves (strong position), has a debt-to-asset ratio of 58.1% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Francis Marion University Development Foundation's revenue has grown at a compound annual growth rate (CAGR) of 0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.0% | +9.7% | +0.4% |
| 2022 | +1.2% | +5.1% | +1.7% |
| 2021 | +4.7% | -5.0% | +3.5% |
| 2020 | +1.5% | -9.3% | -0.7% |
| 2019 | -9.3% | +7.5% | +0.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Francis Marion University Development Foundation with a Mission Score of 88 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Francis Marion University Development Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 58.1%.
Executive Compensation Analysis
The Francis Marion University Development Foundation consistently reports 0% officer compensation across all available filings (2014-2023), suggesting that its executive leadership is either entirely volunteer-based or compensated through the university itself, rather than directly from the foundation's funds. This practice is unusual for an organization managing assets of over $27 million and annual revenues exceeding $6 million, and it significantly reduces administrative overhead related to executive salaries.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Francis Marion University Development Foundation's IRS 990 filings:
- Lack of detailed program spending breakdown in provided summary
- Unclear full compensation structure for key personnel given 0% officer compensation
Strengths
The following positive indicators were identified for Francis Marion University Development Foundation:
- Consistent asset growth, reaching $27,620,215 in 2023
- Positive net income in most recent years (e.g., $6,730,208 revenue vs. $5,710,871 expenses in 2023)
- Zero reported officer compensation, indicating low administrative overhead in this area
- Strong financial stability with decreasing liabilities over time
- Consistent IRS 990 filing history demonstrating transparency
Frequently Asked Questions about Francis Marion University Development Foundation
Is Francis Marion University Development Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Francis Marion University Development Foundation (EIN: 200118161) some concerns. Mission Score: 88/100. 2 red flags identified, 5 strengths noted.
How does Francis Marion University Development Foundation spend its money?
Francis Marion University Development Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Francis Marion University Development Foundation tax-deductible?
Francis Marion University Development Foundation is registered as a tax-exempt nonprofit (EIN: 200118161). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Francis Marion University Development Foundation CEO make?
Francis Marion University Development Foundation's highest-compensated officer earns $27 annually. The organization reported $7.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Francis Marion University Development Foundation's spending goes to programs?
Francis Marion University Development Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Francis Marion University Development Foundation compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Francis Marion University Development Foundation is above average for NTEE category B19 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Francis Marion University Development Foundation located?
Francis Marion University Development Foundation is headquartered in Florence, South Carolina and files with the IRS under EIN 200118161. It is classified under NTEE code B19.
How many years of IRS 990 filings does Francis Marion University Development Foundation have?
Francis Marion University Development Foundation has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $7.8M in total revenue.
Is the Francis Marion University Development Foundation financially stable?
Yes, the foundation is financially stable. Its assets have consistently grown, reaching $27,620,215 in 2023, and revenues have generally exceeded expenses, indicating a healthy financial position.
How does the foundation manage executive compensation?
The foundation consistently reports 0% officer compensation in its IRS 990 filings, suggesting that its officers are not directly compensated by the foundation, which is a significant factor in its operational efficiency.
What is the trend in the foundation's assets and liabilities?
Assets have shown a positive trend, increasing from $26,120,149 in 2020 to $27,620,215 in 2023. Liabilities have generally decreased over the long term, from $23,842,698 in 2014 to $16,047,870 in 2023, indicating improved financial leverage.
Does the foundation spend efficiently?
Based on the available data, the foundation appears to spend efficiently, with expenses consistently lower than revenues in most recent years (e.g., $5,710,871 expenses vs. $6,730,208 revenue in 2023), allowing for asset growth and mission support.
Filing History
IRS 990 filing history for Francis Marion University Development Foundation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Francis Marion University Development Foundation's revenue has grown by 8.2%, moving from $6.2M to $6.7M. Total assets decreased by 0.8% over the same period, from $27.8M to $27.6M. Total functional expenses fell by 21.2%, from $7.2M to $5.7M. In its most recent filing year (2023), Francis Marion University Development Foundation reported a surplus of $1.0M, with revenue exceeding expenses. The organization holds $16.0M in liabilities against $27.6M in assets (debt-to-asset ratio: 58.1%), resulting in net assets of $11.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.7M | $5.7M | $27.6M | $16.0M | — | — |
| 2022 | $6.7M | $5.2M | $27.5M | $17.0M | — | View 990 |
| 2021 | $6.6M | $5.0M | $27.0M | $17.9M | — | View 990 |
| 2020 | $6.3M | $5.2M | $26.1M | $18.7M | — | View 990 |
| 2019 | $6.2M | $5.8M | $26.3M | $19.9M | — | View 990 |
| 2018 | $6.8M | $5.4M | $26.3M | $20.2M | — | View 990 |
| 2017 | $6.6M | $7.6M | $25.6M | $21.0M | — | View 990 |
| 2016 | $6.6M | $6.3M | $28.2M | $22.6M | — | View 990 |
| 2015 | $6.4M | $5.7M | $28.7M | $23.2M | — | View 990 |
| 2014 | $6.3M | $5.5M | $28.6M | $23.8M | — | View 990 |
| 2013 | $6.4M | $5.2M | $28.5M | $24.5M | — | View 990 |
| 2012 | $6.2M | $7.2M | $27.8M | $25.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.7M, expenses of $5.7M, and assets of $27.6M (revenue +1.0% year-over-year).
- 2022: Revenue of $6.7M, expenses of $5.2M, and assets of $27.5M (revenue +1.2% year-over-year).
- 2021: Revenue of $6.6M, expenses of $5.0M, and assets of $27.0M (revenue +4.7% year-over-year).
- 2020: Revenue of $6.3M, expenses of $5.2M, and assets of $26.1M (revenue +1.5% year-over-year).
- 2019: Revenue of $6.2M, expenses of $5.8M, and assets of $26.3M (revenue -9.3% year-over-year).
- 2018: Revenue of $6.8M, expenses of $5.4M, and assets of $26.3M (revenue +3.8% year-over-year).
- 2017: Revenue of $6.6M, expenses of $7.6M, and assets of $25.6M (revenue -0.4% year-over-year).
- 2016: Revenue of $6.6M, expenses of $6.3M, and assets of $28.2M (revenue +3.2% year-over-year).
- 2015: Revenue of $6.4M, expenses of $5.7M, and assets of $28.7M (revenue +1.8% year-over-year).
- 2014: Revenue of $6.3M, expenses of $5.5M, and assets of $28.6M (revenue -1.8% year-over-year).
- 2013: Revenue of $6.4M, expenses of $5.2M, and assets of $28.5M (revenue +2.9% year-over-year).
- 2012: Revenue of $6.2M, expenses of $7.2M, and assets of $27.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Francis Marion University Development Foundation:
Data Sources and Methodology
This transparency report for Francis Marion University Development Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.