Spartanburg County Foundation
- Assets
- $187.1m
- Revenue
- $21.5m
- Investments
- $14.1m
- Employees
- 25
- Location
- Spartanburg, SC
- Founding
- 09/1948
- Data as of
- 12/2022
- EIN
- 57-0351398
Organization Overview
Spartanburg County Foundation is located in Spartanburg, SC. The organization was established in 1948. 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 12/2022, Spartanburg County Foundation employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spartanburg County Foundation 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, Spartanburg County Foundation generated $21.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $21.8m during the year ending 12/2022. While expenses have increased by 7.8% 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, Spartanburg County Foundation has awarded 1,580 individual grants totaling $99,755,742. 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
THE SPARTANBURG COUNTY FOUNDATION IS COMMITTED TO IMPROVING THE LIVES OF SPARTANBURG COUNTY RESIDENTS BY PROMOTING PHILANTHROPY, ENCOURAGING COMMUNITY ENGAGEMENT, AND RESPONDING TO COMMUNITY NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SPARTANBURG COUNTY FOUNDATION PARTNERS WITH INDIVIDUALS, FAMILIES, BUSINESSES, AND CORPORATIONS, NONPROFITS, AND PROFESSIONAL ADVISORS TO FOSTER CHANGE, SHARE KNOWLEDGE, CONVENE AROUND IMPORTANT ISSUES, AND MAXIMIZE IMPACT IN THE COMMUNITY. WE WORK DIRECTLY WITH DONORS TO FULFILL CHARITABLE GOALS BY PROVIDING A VARIETY OF CUSTOMIZED GIVING OPTIONS, HANDLING FUND ADMINISTRATION, AND OFFERING EXPERTISE ON CURRENT AND LOCAL NEEDS. IN 2022, THE FOUNDATION AWARDED 2,026 GRANTS TOTALING $16 MILLION TO IMPROVE THE LIVES OF SPARTANBURG COUNTY RESIDENTS. WE ENGAGED OVER 2,200 COMMUNITY MEMBERS THROUGH MEETINGS AND VISITS TO THE ROBERT HETT CHAPMAN III CENTER FOR PHILANTHROPY AND THROUGH THE FOLLOWING INITIATIVES: NONPROFIT CONNECT, NONPROFIT CAPACITY BUILDING BOOT CAMP, DONOR CONNECT, THE SPARTANBURG INTERFAITH ALLIANCE, GRASSROOTS LEADERSHIP DEVELOPMENT INSTITUTE AND ALUMNI ASSOCIATION, AND MINORITY BUSINESS CONNECT. THE FOUNDATION DEVELOPED AND LAUNCHED THREE NEW INITIATIVES: NONPROFIT CAPACITY BUILDING BOOT CAMP TO PROVIDE SMALL AND/OR NEW ORGANIZATIONS WITH THE FUNDAMENTALS OF OPERATING A NONPROFIT, MINORITY BUSINESS CONNECT TO INCREASE THE SOCIAL CAPITAL OF MINORITY BUSINESS OWNERS AND ENTREPRENEURS, AND THE HIGHLAND NEIGHBORHOOD LEADERSHIP DEVELOPMENT INSTITUTE TO EQUIP RESIDENT WITH THE TOOLS AND TRAINING NEEDED TO STRENGTHEN THEIR COLLECTIVE VOICE AND CREATE POSITIVE CHANGE IN THEIR NEIGHBORHOOD. ADDITIONALLY, THE FOUNDATION INTRODUCED A NEW GRANTMAKING STRATEGY FOCUSED ON THE CORE AREAS OF THE FOUNDATION'S VISION: QUALITY OF LIFE, ECONOMIC MOBILITY, AND EDUCATIONAL ACHIEVEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bert D Barre Vice Chair | OfficerTrustee | 2 | $0 |
Vic Bailey III Trustee | Trustee | 2 | $0 |
Cathy H Mccabe Trustee | Trustee | 2 | $0 |
Erika Mcjimpsey Trustee | Trustee | 2 | $0 |
Robert Richardson Trustee | Trustee | 2 | $0 |
Scott Montgomery Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Boyd Company Construction Services | 12/30/21 | $176,809 |
Joseph Ryan Mcgaha Landscaping Services | 12/30/21 | $155,108 |
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 | $17,480,937 |
| Noncash contributions included in lines 1a–1f | $2,014,903 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,480,937 |
| Total Program Service Revenue | $0 |
| Investment income | $1,819,297 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$79,392 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,477,572 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $17,181,549 |
| Grants and other assistance to domestic individuals. | $616,042 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $496,756 |
| Compensation of current officers, directors, key employees. | $279,774 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $657,670 |
| Pension plan accruals and contributions | $88,981 |
| Other employee benefits | $140,214 |
| Payroll taxes | $59,533 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $69,409 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,433,779 |
| Advertising and promotion | $0 |
| Office expenses | $120,286 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $168,524 |
| Travel | $10,339 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,437 |
| Interest | $79,046 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $316,525 |
| Insurance | $53,802 |
| All other expenses | $60,289 |
| Total functional expenses | $21,761,604 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,817,509 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,727,186 |
| Accounts receivable, net | $5,915 |
| 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 | $0 |
| Net Land, buildings, and equipment | $9,661,611 |
| Investments—publicly traded securities | $155,590,773 |
| Investments—other securities | $14,054,997 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,250,822 |
| Total assets | $187,108,813 |
| Accounts payable and accrued expenses | $35,804 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $4,627,546 |
| 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 | $2,873,596 |
| Total liabilities | $7,536,946 |
| Net assets without donor restrictions | $14,774,385 |
| Net assets with donor restrictions | $164,797,482 |
| 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 | $187,108,813 |
Grants Awarded
Over the last fiscal year, Spartanburg County Foundation has awarded $16,720,501 in support to 223 organizations.
| Grant Recipient | Amount |
|---|---|
A SPOT OF PRIDE BEAUTIFICATION FUND PURPOSE: GENERAL SUPPORT | $5,040 |
A LIGHT UNTO MY PATH PURPOSE: GENERAL SUPPORT | $17,000 |
AMERICAN RED CROSS UPSTATE SC CHAPTER PURPOSE: GENERAL SUPPORT | $8,769 |
ADULT LEARNING CENTER INC PURPOSE: GENERAL SUPPORT | $15,341 |
ANDERSON UNIVERSITY PURPOSE: GENERAL SUPPORT | $16,750 |
ANGELS CHARGE MINISTRY PURPOSE: GENERAL SUPPORT | $14,000 |