Community Foundation Of Greater Greensboro Inc
- Assets
- $268.2m
- Revenue
- $40.4m
- Investments
- $91.3m
- Employees
- 31
- Location
- Greensboro, NC
- Founding
- 07/1984
- Data as of
- 12/2021
- EIN
- 56-1380249
Organization Overview
Community Foundation Of Greater Greensboro Inc is located in Greensboro, NC. The organization was established in 1984. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Community Foundation Of Greater Greensboro Inc employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of Greater Greensboro 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 12/2021, Community Foundation Of Greater Greensboro Inc generated $40.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $20.6m during the year ending 12/2021. While expenses have increased by 0.4% per year over the past 7 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, Community Foundation Of Greater Greensboro Inc has awarded 1,802 individual grants totaling $158,397,779. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE COMMUNITY FOUNDATION MANAGES OVER 600 CHARITABLE FUNDS ESTABLISHED TO STRENGTHEN ITS COMMUNITIES BY PROVIDING SUPPORT TO A BROAD RANGE OF COMMUNITY NEEDS, NONPROFIT ORGANIZATIONS, AND EDUCATIONAL OPPORTUNITIES.
Describe the Organization's Program Activity:
DONOR ADVISED: THE COMMUNITY FOUNDATION MANAGES 350 DONOR ADVISED AND SCHOLARSHIP FUNDS WHICH ENABLE RESIDENTS OF GREATER GREENSBORO TO ACHIEVE THEIR INDIVIDUAL CHARITABLE GOALS. DURING 2021, MORE THAN 2,200 GRANTS WERE DISBURSED IN SUPPORT OF FAITH BASED, HEALTH & HUMAN SERVICE, EDUCATIONAL AND OTHER COMMUNITY SERVICE ORGANIZATIONS.
FIELD OF INTEREST: THE COMMUNITY FOUNDATION MANAGES ENDOWMENT AND UNRESTRICTED GRANT FUNDS WHICH ARE USED TO STRENGTHEN ITS COMMUNITY FOR PRESENT AND FUTURE GENERATIONS. FOCUS AREAS FOR 2021 WERE TO PROMOTE ECONOMIC DEVELOPMENT THROUGH COMMUNITY INITIATIVES, ESTABLISHING WORKFORCE INITIATIVES TO ALIGN EDUCATION AND TRAINING WITH BUSINESS NEEDS, AND DEVELOPING STRATEGIES FOR AFFORDABLE HOUSING IN ITS COMMUNITY. IN ADDITION, AREA RESIDENTS HAVE CREATED PERMANENT FUNDS TO SUPPORT SPECIFIC AREAS OF INTEREST, INCLUDING ELDER CARE, ISSUES CONCERNING OUR COMMUNITY'S WOMEN AND FAMILIES, TUITION ASSISTANCE FOR ELIGIBLE HIGH SCHOOL GRADUATES, AND SHAPING OUR COMMUNITY'S IDENTITY THROUGH THE USE OF ART IN PUBLIC AREAS. THESE FUNDS MAKE GRANTS WHILE ALSO CONDUCTING ACTIVE ENDOWMENT BUILDING ACTIVITIES.
ORGANIZATION FUNDS: AREA RESIDENTS HAVE CREATED FUNDS TO SUPPORT SPECIFIC NONPROFIT ORGANIZATIONS. IN ADDITION, THE COMMUNITY FOUNDATION MANAGES THE ENDOWMENT FUNDS OF LOCAL NONPROFIT ORGANIZATIONS; ACCORDINGLY THE FOUNDATION RECOGNIZES A LIABILITY TO THE NONPROFIT AND ADJUSTS THIS LIABILITY FOR RELATED CONTRIBUTIONS, EARNINGS, GRANTS AND EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
H Walker Sanders President | Officer | 40 | $272,473 |
Marci H Peace Vp, Finance & Asst. Treasurer | Officer | 40 | $137,233 |
Tara Sandercock Vp, Community Relations | 40 | $129,314 | |
Phelps Sprinkle Vp, Development | 40 | $121,108 | |
Michael Humphrey Vp, Equity And Operations | 40 | $102,191 | |
Uma Avva Chair-Elect | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Samet Corporation Construction | 12/30/21 | $1,495,482 |
Brown Brothers Harriman Investment Management | 12/30/21 | $229,575 |
Clark Patterson Lee Engineering & Planning | 12/30/21 | $156,412 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $4 |
| Government grants | $1,451,284 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,601,561 |
| Noncash contributions included in lines 1a–1f | $6,315,736 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,052,849 |
| Total Program Service Revenue | $151,367 |
| Investment income | $2,446,337 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $15,745,334 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $40,395,887 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,977,140 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $10,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $453,633 |
| Compensation of current officers, directors, key employees. | $197,960 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,682,513 |
| Pension plan accruals and contributions | $90,375 |
| Other employee benefits | $148,190 |
| Payroll taxes | $149,339 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $43,857 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,084,072 |
| Fees for services: Other | $155,185 |
| Advertising and promotion | $71,003 |
| Office expenses | $91,895 |
| Information technology | $76,026 |
| Royalties | $0 |
| Occupancy | $182,814 |
| Travel | $1,185 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,749 |
| Interest | $123,372 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $169,575 |
| Insurance | $25,385 |
| All other expenses | $8,141 |
| Total functional expenses | $20,634,793 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,261,111 |
| Pledges and grants receivable | $42,532,211 |
| 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 | $98,455 |
| Net Land, buildings, and equipment | $1,685,226 |
| Investments—publicly traded securities | $119,874,693 |
| Investments—other securities | $91,274,217 |
| Investments—program-related | $130,000 |
| Intangible assets | $0 |
| Other assets | $3,356,548 |
| Total assets | $268,212,461 |
| Accounts payable and accrued expenses | $203,621 |
| Grants payable | $3,248,878 |
| Deferred revenue | $763,415 |
| 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 | $4,540,826 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $28,587,234 |
| Total liabilities | $37,343,974 |
| Net assets without donor restrictions | $102,128,910 |
| Net assets with donor restrictions | $128,739,577 |
| 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 | $268,212,461 |
Grants Awarded
Over the last fiscal year, Community Foundation Of Greater Greensboro Inc has awarded $15,717,605 in support to 302 organizations.
| Grant Recipient | Amount |
|---|---|
Jamestown, NC PURPOSE: GENERAL SUPPORT | $1,242,319 |
Chapel Hill, NC PURPOSE: GENERAL SUPPORT | $1,186,410 |
Greensboro, NC PURPOSE: GENERAL SUPPORT | $1,050,000 |
Greensboro, NC PURPOSE: GENERAL SUPPORT | $757,007 |
Southeastern, PA PURPOSE: GENERAL SUPPORT | $718,662 |
Greensboro, NC PURPOSE: GENERAL SUPPORT | $509,919 |
Grants Recieved
Over the last fiscal year, we have identified 37 grants that Community Foundation Of Greater Greensboro Inc has recieved totaling $4,502,415.
| Awarding Organization | Amount |
|---|---|
Tanger Family Foundation Greensboro, NC PURPOSE: IN SUPPORT OF THE STEVEN TANGER CENTER FOR THE PERFORMING ARTS. | $2,139,107 |
Kermit G Phillips Ii Charitable Tr Greensboro, NC PURPOSE: SAY YES TO EDUCATION | $500,000 |
Kermit G Phillips Ii Charitable Tr Greensboro, NC PURPOSE: COVID 19 GRANT | $300,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $275,516 |
Z Smith Reynolds Foundation Inc Winstonsalem, NC PURPOSE: NORTH CAROLINA FUNDERS' COLLABORATIVE FOR STRONG LATINX COMMUNITIES PROJECT | $150,000 |
Z Smith Reynolds Foundation Inc Winstonsalem, NC PURPOSE: NORTH CAROLINA FUNDERS' COLLABORATIVE FOR STRONG LATINX COMMUNITIES PROJECT | $150,000 |
Endowment Analysis
| Beg. Balance | $94,338,687 |
| Earnings | $11,326,214 |
| Admin Expense | $1,961,808 |
| Net Contributions | $12,617,969 |
| Grants | $2,248,310 |
| Ending Balance | $114,072,752 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charlottesville Area Community Foundation Charlottesville, VA | $339,690,669 | $77,610,040 |
North Carolina Community Foundation Inc Raleigh, NC | $442,779,010 | $109,848,330 |
Hampton Roads Community Foundation Norfolk, VA | $431,066,210 | $16,919,172 |
Triangle Community Foundation Durham, NC | $302,593,887 | $28,260,487 |
Coastal Community Foundation Of South Carolina Inc N Charleston, SC | $293,333,431 | $80,143,972 |
Chattanooga Christian Community Foundation Chattanooga, TN | $107,861,272 | $37,732,736 |
Community Foundation Of Greater Chattanooga Inc Chattanooga, TN | $242,437,300 | $52,106,763 |
East Tennessee Foundation Knoxville, TN | $333,652,631 | $23,055,951 |
The Community Foundation Of Western North Carolina Inc Asheville, NC | $422,748,745 | $38,320,270 |
Community Foundation Of Greater Greensboro Inc Greensboro, NC | $268,212,461 | $40,395,887 |
Community Foundation Of Greenville Inc Greenville, SC | $110,749,055 | $32,278,412 |
Spartanburg County Foundation Spartanburg, SC | $213,613,348 | $29,550,562 |