Greenwood County Community Foundation Inc
- Assets
- $19.0m
- Revenue
- $10.4m
- Investments
- $0.0
- Employees
- 2
- Location
- Greenwood, SC
- Founding
- 10/2009
- Data as of
- 12/2022
- EIN
- 27-0388708
Organization Overview
Greenwood County Community Foundation Inc is located in Greenwood, SC. The organization was established in 2009. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Greenwood County Community Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greenwood County Community Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Greenwood County Community Foundation Inc generated $10.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 29.9% each year . All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 5.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Greenwood County Community Foundation Inc has awarded 152 individual grants totaling $4,612,749. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE AND ENCOURAGE PHILANTHROPY WHICH IMPROVES THE LIVES OF CURRENT AND FUTURE RESIDENTS OF GREENWOOD COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE YEAR, THE FOUNDATION PROVIDED GRANTS TO OVER 50 ORGANIZATIONS. OVER HALF OF THE ORGANIZATIONS WERE LOCAL WHILE APPROXIMATELY A THIRD WERE REGIONAL. THE REMAINDER WERE NATONAL OR INTERNATIONAL. EACH ORGANIZATION RECEIVED GRANTS FROM EITHER DONOR ADVISED FUNDS, DESIGNATED FUNDS, FIELD OF INTEREST FUNDS, OR UNRESTRICTED FUNDS.
OTHER
THE FOUNDATION LAUNCHED AN INITATIVE IN 2017 CALLED GREENWOOD WOMEN CARE. THIS INITIATIVE ENGAGES COMMUNITY FOCUSED WOMEN TO COLLECTIVELY LEARN,GIVE, AND GROW TOGETHER. THE OVERALL GOAL OF GREENWOOD WOMEN CARE IS TO PROVIDE OPPORTUNITY FOR PERSONAL GROWTH AND TO IMPROVE THE QUALITY OF LIFE FOR EVERYONE IN GREENWOOD COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Smith Executive Di | Officer | 40 | $94,250 |
Martha Barnette Board Member | Trustee | $0 | |
Herman Fletcher Board Member | Trustee | $0 | |
Donna Foster Board Member | Trustee | $0 | |
Carol Harley Board Member | Trustee | $0 | |
Theo L Lane Jr Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,072,472 |
| Noncash contributions included in lines 1a–1f | $127,611 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,072,472 |
| Total Program Service Revenue | $83,925 |
| Investment income | $279,025 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$16,850 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,418,572 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $794,597 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $94,250 |
| Compensation of current officers, directors, key employees. | $35,815 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $41,200 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,488 |
| Payroll taxes | $10,362 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $107,471 |
| Fees for services: Other | $5,750 |
| Advertising and promotion | $2,508 |
| Office expenses | $15,215 |
| Information technology | $1,247 |
| Royalties | $0 |
| Occupancy | $7,556 |
| Travel | $1,333 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,459 |
| Insurance | $0 |
| All other expenses | $7,806 |
| Total functional expenses | $1,135,549 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $239,661 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,647 |
| Net Land, buildings, and equipment | $28,853 |
| Investments—publicly traded securities | $18,518,320 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $221,449 |
| Total assets | $19,013,930 |
| Accounts payable and accrued expenses | $13,031 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $529,969 |
| Total liabilities | $543,000 |
| Net assets without donor restrictions | $5,392,244 |
| Net assets with donor restrictions | $13,078,686 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $19,013,930 |
Grants Awarded
Over the last fiscal year, Greenwood County Community Foundation Inc has awarded $794,597 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
PROJECT HOPE FOUNDATION | | | $52,500 |
GREENWOOD PATHWAY HOUSE | | | $126,000 |
ST MARK UNITED METHODIST CHURCH | | | $25,000 |
SELF REGIONAL HEALTHCARE FDN | | | $10,000 |
WATER OF LIFE | | | $10,000 |
ROCK PRESBYTERIAN CHURCH | | | $25,000 |