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South Carolina · Nonprofit

SOUTH CAROLINA RESEARCH AUTHORITY

SOUTH CAROLINA RESEARCH AUTHORITY (South Carolina) receives grants from 1 organization whose IRS filings report $600,000 to it, the largest being Wells Fargo Foundation ($600,000). 0 of them have funded it in more than one year.

Revenue FY2023
$16M
Funders on record
1
Grants received
$600k
Net assets
$67M
0/1 repeat funders
01What it does

What South Carolina Research Authority does

Mission

Fuel south carolina's innovation economy by accelerating technology enabled growth in research, academia, entrepreneurship and industry.

As stated on its FY2023 Form 990.

Program

  1. To attract high technology industry by developing research facilities in south carolina. Provide support in the form of grants and expertise to researchers and entrepreneurs in technology-based ventures to foster job creation and economic growth in the state of sc. Approximately 83% of scra expenses for the year ended june 30, 2023 were related to program services.

    $13,172,852 spentof which $3,632,961 as grants$6,634,404 earned by the program
    100% of program spending

The program described on its FY2022 Form 990. Program spending in total: $13,172,852.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($34M) Expenses 100 ($18M) Net assets 100 ($74M)2018 Revenue 37 ($13M) Expenses 92 ($16M) Net assets 93 ($69M)2019 Revenue 36 ($12M) Expenses 82 ($14M) Net assets 92 ($68M)2020 Revenue 37 ($13M) Expenses 81 ($14M) Net assets 91 ($67M)2021 Revenue 55 ($19M) Expenses 89 ($16M) Net assets 94 ($70M)2022 Revenue 51 ($18M) Expenses 87 ($15M) Net assets 92 ($68M)2023 Revenue 47 ($16M) Expenses 91 ($16M) Net assets 91 ($67M)
2017201820192020202120222023
Revenue (47)Expenses (91)Net assets (91)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $84M to $105M (+24%).

$93M
$85M
$84M
$82M
$84M
$105M
$101M
2017201820192020202120222023
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
ContributionsProgram revenueInvestmentOther

53% of SOUTH CAROLINA RESEARCH AUTHORITY’s revenue is contributions — more donation-reliant than the typical peer (52% for the typical peer).

This organization
Typical peer · 155 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 7 reported years ran a deficit.

$17M
’17
−$3.4M
’18
−$2.2M
’19
−$1.6M
’20
$3.2M
’21
$2.1M
’22
$248k
’23
4.0
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Robert Quinn

Executive director

Board chair

Don Herriott

Chairman

As listed on its FY2023 Form 990.

2017201820192020202120222023
Listed32373836363622
Joined·+10+8+10+8+13+4
No longer listed·571281318
03Who funds it

Who funds it, year by year

Grant support over time, funder by funder — shade shows the grant size each year.

Funder
'25*
total
funders
1

Left out of every figure on this page: $30k from one payer (the same organization on both sides, largest South Carolina Research Authority). These are real filings, and they are not money SOUTH CAROLINA RESEARCH AUTHORITY raised.

From the IRS filings of SOUTH CAROLINA RESEARCH AUTHORITY’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

SOUTH CAROLINA RESEARCH AUTHORITY draws 100% of its grant income from funders outside South Carolina, across 1 state in all.

MN

Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

SOUTH CAROLINA RESEARCH AUTHORITY is better cushioned than half of the 134 science & tech nonprofits its size.

Operating margin2% · below the median
Months of reserve4.0mo · above the median
Revenue growth (annualized)−12% · bottom quartile

this organization peer median middle 50% of peers· 134 science & tech nonprofits $10M–$100M, FY2023

Government funding SOUTH CAROLINA RESEARCH AUTHORITY receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $1.5M on record.

Federal$1.5M
grants $1.5Mcontracts $0
18
24
Top agencies
  • Department of Commerce$1.5M

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like SOUTH CAROLINA RESEARCH AUTHORITY

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In South Carolina

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

82% of spending goes to programs.

Program 82%Management 18%Fundraising 0%

Governance

11
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

56%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Part of a family of 1 related entity

  • SC Launch Inc · exempt

Screen this organization

A dated, signed PDF of the compliance screen for SOUTH CAROLINA RESEARCH AUTHORITY: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds SOUTH CAROLINA RESEARCH AUTHORITY?
SOUTH CAROLINA RESEARCH AUTHORITY (South Carolina) receives grants from 1 organization whose IRS filings report $600,000 to it, the largest being Wells Fargo Foundation ($600,000). 0 of them have funded it in more than one year.
How many funders does SOUTH CAROLINA RESEARCH AUTHORITY have?
IRS filings report 1 organization giving $600,000 in grants to SOUTH CAROLINA RESEARCH AUTHORITY.
Who is the largest funder of SOUTH CAROLINA RESEARCH AUTHORITY?
Wells Fargo Foundation is the largest funder on record, with $600,000 in grants. The full list of funders is on this page.
How can an organization like SOUTH CAROLINA RESEARCH AUTHORITY find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in South Carolina. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2023 (financials across 2017–2023), and the filings of 1 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing