Greenwood Genetic Center Inc
- Assets
- $23.5m
- Revenue
- $25.2m
- Investments
- $0.0
- Employees
- 205
- Location
- Greenwood, SC
- Founding
- 03/1975
- Data as of
- 06/2021
- EIN
- 57-0604070
Organization Overview
Greenwood Genetic Center Inc is located in Greenwood, SC. The organization was established in 1975. According to its NTEE Classification (H20) the organization is classified as: Birth Defects & Genetic Diseases Research, under the broad grouping of Medical Research and related organizations. As of 06/2021, Greenwood Genetic Center Inc employed 205 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greenwood Genetic Center 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 06/2021, Greenwood Genetic Center Inc generated $25.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $24.3m during the year ending 06/2021. While expenses have increased by 1.7% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE GREENWOOD GENETIC CENTER IS A NONPROFIT INSTITUTE CENTERED ON CLINICAL GENETIC SERVICES, DIAGNOSTIC LABORATORY TESTING, EDUCATIONAL PROGRAMS AND RESOURCES, AND RESEARCH. WITH A FOCUS ON COMPASSIONATE PATIENT CARE AND INNOVATIVE SCIENTIFIC ADVANCEMENT, WE KEEP EVERY PATIENT AND THEIR FAMILIES AT THE FOREFRONT OF EVERYTHING WE DO. WE HAVE A VARIETY OF CLINIC LOCATIONS TO SERVE PATIENTS AND FAMILIES ACROSS THE LIFESPAN WITH A VARIETY OF GENETIC NEEDS AND CONCERNS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLINICS: CARING FOR OUR PATIENTS IS OUR BIGGEST PRIORITY. OUR CLINICS OFFER EXPERT SERVICES IN SEVERAL SPECIALIZED AREAS OF GENETICS. DIAGNOSTIC LABS: DIAGNOSING AND UNDERSTANDING GENETIC DISORDERS ARE A VITAL STEP TOWARD EFFECTIVE TREATMENT AND ULTIMATELY, FINDING A CURE. RESEARCH: OUR INNOVATIVE RESEARCHERS WORK SIDE-BY-SIDE WITH BOTH OUR CLINICIANS AND LABORATORY FACULTY IN ORDER TO IDENTIFY AND UNDERSTAND CAUSATIVE GENES AND MUTATIONS. EDUCATION: DISCOVER THE ENDLESS POSSIBILITIES OF MEDICAL GENETICS RESEARCH AND EDUCATION. DEVELOP A BETTER UNDERSTANDING OF GENETICS AND THE FUTURE OF MEDICAL TECHNOLOGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven A Skinner MD Director - G | Officer | 40 | $296,574 |
Roger Stevenson MD Senior Clini | 40 | $273,164 | |
Richard Schroer MD Senior Clini | 40 | $244,083 | |
Michael Lyons MD Associate Cl | 40 | $224,785 | |
Neena Champaigne MD Director Met | Officer | 40 | $223,115 |
Mike Friez PHD Director Dia | Officer | 40 | $218,653 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $749,398 |
| Government grants | $12,409,075 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,585,921 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,744,394 |
| Total Program Service Revenue | $10,400,505 |
| Investment income | $3,000 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $83,573 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $16,408 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,247,880 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $1,415,876 |
| Compensation of current officers, directors, key employees. | $396,540 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,491,139 |
| Pension plan accruals and contributions | $868,112 |
| Other employee benefits | $1,460,174 |
| Payroll taxes | $825,454 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $326,630 |
| Advertising and promotion | $0 |
| Office expenses | $561,432 |
| Information technology | $161,102 |
| Royalties | $0 |
| Occupancy | $1,652,968 |
| Travel | $78,374 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,501 |
| Interest | $189,662 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,065,997 |
| Insurance | $283,421 |
| All other expenses | $133,287 |
| Total functional expenses | $24,259,758 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,344,946 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $558,159 |
| Accounts receivable, net | $1,264,016 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $16,849 |
| Prepaid expenses and deferred charges | $350,568 |
| Net Land, buildings, and equipment | $16,931,416 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $8,552 |
| Other assets | $0 |
| Total assets | $23,474,506 |
| Accounts payable and accrued expenses | $2,523,879 |
| 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 | $4,115,674 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,639,553 |
| Net assets without donor restrictions | $15,770,471 |
| Net assets with donor restrictions | $1,064,482 |
| 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 | $23,474,506 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Greenwood Genetic Center Inc has recieved totaling $4,000.
| Awarding Organization | Amount |
|---|---|
Awt Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $4,000 |
Endowment Analysis
| Beg. Balance | $8,971,885 |
| Earnings | $2,887,110 |
| Admin Expense | $35,819 |
| Net Contributions | $171,243 |
| Other Expense | $199,614 |
| Ending Balance | $11,794,805 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greenwood Genetic Center Inc Greenwood, SC | $23,474,506 | $25,247,880 |
Community Health Interventions And Sickle Cell Agency Inc Fayetteville, NC | $519,573 | $2,014,356 |
Parkinson Association Of The Carolinas Charlotte, NC | $2,104,348 | $268,064 |
Drake Rayden Foundation Greer, SC | $28,805 | $0 |
Concessions For Christ Inc Cedartown, GA | $8,933 | $0 |
International Neurosurgery Education And Research Foundation Raleigh, NC | $274,447 | $152,970 |
International Mammalian Genome Society Inc Chapel Hill, NC | $329,561 | $0 |
The 11q Research And Resource Group Inc Canton, GA | $87,731 | $0 |
Eastern Society For Pediatric Research Inc Winston Salem, NC | $217,494 | $0 |
Alliance To Solve Pans And Immune Related Encephalopathies Inc Atlanta, GA | $140,119 | $0 |
The Hope For Holt Foundation Charlotte, NC | $849 | $0 |
Braelyn Aubrey Foundation Lexington, SC | $0 | $0 |