| FORM 990, PART VI, SECTION A, LINE 6 |
THE ORGANIZATION HAS THREE MEMBERS WHICH CONSIST OF CLEMSON UNIVERSITY, UNIVERSITY OF SOUTH CAROLINA AND UNVERSITY OF SOUTH CAROLINA AIKEN. THE MEMBERS' PRIMARY RESPONSIBILITY IS TO SUBMIT PROPOSALS ON RESEARCH CONTRACTS. THE MEMBERS DO NOT ELECT MEMBERS OF THE GOVERNING BODY. SOUTH CAROLINA UNIVERSITIES RESEARCH & EDUCATION FOUNDATION MAKES DAY-TO-DAY BUSINESS OPERATING DECISIONS. |
| FORM 990, PART VI, SECTION B, LINE 11B |
IN 2007 THE BOARD OF TRUSTEES OF THE SOUTH CAROLINA UNIVERSITIES RESEARCH & EDUCATION FOUNDATION APPROVED THAT THE CHIEF OPERATING OFFICER HAS THE AUTHORITY OF THE BOARD TO FILE ALL TAX FORMS ON BEHALF OF THE FOUNDATION. THE CHIEF OPERATING OFFICER AND STAFF REVIEW A DRAFT OF FORM 990 SUBMITTED BY AUDITORS, RECOMMENDS CHANGES AND REVIEWS THE FINAL FORM 990 BEFORE APPROVAL AND SUBMITTAL. |
| FORM 990, PART VI, SECTION B, LINE 12C |
SOUTH CAROLINA UNIVERSITIES RESEARCH & EDUCATION FOUNDATION REQUESTS AT ANNUAL MEETINGS EACH YEAR DISCLOSURE OF ALL RELATED ENTITIES AND TRANSACTIONS. ANY CONFLICTS NOTED ARE DISCUSSED AND APPROPRIATE ACTION TAKEN, IF DEEMED NECESSARY. |
| FORM 990, PART VI, SECTION B, LINE 15 |
SOUTH CAROLINA UNIVERSITIES RESEARCH & EDUCATION FOUNDATION DOCUMENTS COMPENSATION AMOUNTS THAT MUST BE APPROVED BY THE BOARD OF TRUSTEES. THE CHIEF FINANCIAL OFFICER AND THE CHIEF OPERATING OFFICERS' SALARIES ARE APPROVED BY THE BOARD OF TRUSTEES. |
| FORM 990, PART VI, SECTION C, LINE 19 |
SOUTH CAROLINA UNIVERSITIES RESEARCH & EDUCATION FOUNDATION'S GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE ON THE FOUNDATION'S WEBSITE. |
| FORM 990, PART XII, LINE 2C |
THE BOARD OF TRUSTEES SELECTS A REPUTABLE CERTIFIED PUBLIC ACCOUNTANT TO AUDIT THE FOUNDATION'S BOOKS OF ACCOUNT AND PREPARE ANNUAL AUDIT REPORTS AT LEAST ONCE A YEAR. |
| FORM 990, PAGE 11 |
CIRCULAR A-133 AUDIT: THE ORGANIZATION HAS DESIGNED AND IMPLEMENTED INTERNAL CONTROLS OVER COMPLIANCE WITH GRANT REQUIREMENTS. THE ORGANIZATION IS ALSO SUBJECT TO AN ANNUAL OMB CIRCULAR A-133 AUDIT, WHICH TESTS THE ORGANIZATION'S INTERNAL CONTROLS OVER COMPLIANCE FOR FEDERAL GRANT COMPLIANCE REQUIREMENTS. |
| FORM 990, PAGE 2 |
MISSION STATEMENT CONTINUED: TO THIS END, THE FOUNDATION OPERATES EXCLUSIVELY FOR THE BENEFIT OF, OR TO CARRY OUT THE PURPOSE OF, THE MEMBER UNIVERSITIES, INCLUDING, BUT NOT LIMITED TO: (1) PROVIDING FISCAL, CUSTODIAL AND ACCOUNTING SERVICES IN CONNECTION WITH UNIVERSITY RESEARCH, AND GENERALLY ASSISTING IN THE ADMINISTRATION AND COORDINATION OF EDUCATIONAL ACTIVITIES AND RESEARCH PERFORMED BY THE MEMBER UNIVERSITIES; (2) GENERALLY ENCOURAGING FINANCIAL ASSISTANCE AND PUBLIC SUPPORT FOR UNIVERSITY RESEARCH AND EDUCATION; (3) INTERFACING WITH CUSTOMER BASE ON BEHALF OF MEMBER UNIVERSITIES TO ASSIST IN ACQUIRING FUNDING FOR VARIOUS RESEARCH AND EDUCATIONAL INITIATIVES; AND (4) OBTAINING AND DISTRIBUTING ACQUIRED FUNDS OR PROPERTY IN CONNECTION WITH UNIVERSITY RESEARCH AND EDUCATION, IN ACCORDANCE WITH THE NEEDS AND DEMANDS OF THE MEMBER UNIVERSITIES. |
Attach to Form 990 or 990-EZ.