Civic Intelligence

Greenwood County Community Foundation Inc.

990 • Fiscal year 2016 • EIN 27-0388708

Jan 01, 2016 to Dec 31, 2016 • Filed on May 15, 2017

929 Phoenix StGreenwood, SC 29646

(864) 223-1524

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

26th percentile

0.04x

Higher debt load relative to assets than 26% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

45th percentile

0.15x

Higher debt load relative to revenue than 45% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

92nd percentile

48%

Higher net margin than 92% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

32nd percentile

$83,384

Higher top officer pay than 32% of similar nonprofits.

Top officer pay equals 6.6% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

78th percentile

13%

Faster asset growth than 78% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

34th percentile

-2.3%

Faster revenue growth than 34% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Up

$5,259,738

Up $622,657 (+13%) from 2015

Net Assets

Up

$5,075,486

Up $612,668 (+14%) from 2015

Liabilities

Up

$184,252

Up $9,989 (+5.7%) from 2015

Revenue

Down

$1,259,162

Down $29,196 (-2.3%) from 2015

Expenses

Down

$651,541

Down $114,022 (-15%) from 2015

Net Income

Up

$607,621

Up $84,826 (+16%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2010: $63,311Net Assets 2010: $63,3112010Assets 2015: $4,637,081Liabilities 2015: $174,263Net Assets 2015: $4,462,8182015Assets 2016: $5,259,738Liabilities 2016: $184,252Net Assets 2016: $5,075,4862016Assets 2018: $6,139,475Liabilities 2018: $205,674Net Assets 2018: $5,933,8012018Assets 2019: $8,511,994Liabilities 2019: $219,697Net Assets 2019: $8,292,2972019Assets 2020: $9,800,038Liabilities 2020: $299,054Net Assets 2020: $9,500,9842020Assets 2021: $11,677,244Liabilities 2021: $551,420Net Assets 2021: $11,125,8242021Assets 2022: $19,013,930Liabilities 2022: $543,000Net Assets 2022: $18,470,9302022Assets 2024: $26,741,805Liabilities 2024: $1,258,104Net Assets 2024: $25,483,7012024

Highlighted filing

2016

Assets$5,259,738
Liabilities$184,252
Net Assets$5,075,486

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0Revenue 2010: $70,002Expenses 2010: $6,691Net Income 2010: $63,3112010Revenue 2015: $1,288,358Expenses 2015: $765,563Net Income 2015: $522,7952015Revenue 2016: $1,259,162Expenses 2016: $651,541Net Income 2016: $607,6212016Revenue 2018: $1,573,542Expenses 2018: $803,048Net Income 2018: $770,4942018Revenue 2019: $2,591,507Expenses 2019: $1,005,496Net Income 2019: $1,586,0112019Revenue 2020: $1,095,210Expenses 2020: $786,701Net Income 2020: $308,5092020Revenue 2021: $2,341,557Expenses 2021: $1,060,417Net Income 2021: $1,281,1402021Revenue 2022: $10,418,572Expenses 2022: $1,135,549Net Income 2022: $9,283,0232022Revenue 2024: $2,909,264Expenses 2024: $1,986,707Net Income 2024: $922,5572024

Highlighted filing

2016

Revenue$1,259,162
Expenses$651,541
Net Income$607,621
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 15, 2017
Return Version
2016v3.0
Gross Receipts
$1,259,162
Mission and Program Overview

Mission

To inspire and encourage philanthropy which improves the lives of current and future residents of greenwood county.

To inspire and encourage philanthropy which improves the lives of current and future residents of greenwood county

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,334,787$4,357,577▲ $22,790
Cash and Non-Interest-Bearing Accounts$248,104$896,401▲ $648,297
Prepaid Expenses and Deferred Charges$4,190$4,510▲ $320
Accounts Receivable$50,000$1,250▼ $48,750
Total Assets$4,637,081$5,259,738▲ $622,657
Liabilities
Other Liabilities$159,034$176,401▲ $17,367
Accounts Payable and Accrued Expenses$15,229$7,851▼ $7,378
Total Liabilities$174,263$184,252▲ $9,989
Net Assets / Fund Balance
Unrestricted Net Assets$2,815,809$3,008,852▲ $193,043
Permanently Rstr Net Assets$1,422,616$1,473,142▲ $50,526
Temporarily Rstr Net Assets$224,393$593,492▲ $369,099
Total Net Assets Fund Balance$4,462,818$5,075,486▲ $612,668
Total Liabilities and Net Assets / Fund Balance$4,637,081$5,259,738▲ $622,657

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$3,949,868$407,689▲ $176,511-$4,292,396
2015$3,905,432$763,667▲ $77,215-$4,285,074
2014$3,612,989$407,413▲ $188,225-$3,905,432
2013$2,899,048$533,778▲ $453,554-$3,612,989
2012$2,424,089$463,611▲ $274,203-$2,899,048
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jeffrey SmithExecutive DirectorFT$83,384$83,384

Board Members and Trustees

NameTitle
Linda DolnyBoard Chair
Megha LalVice Chair
Amaryllis Holloway-turmanBoard Member
Darrell JohnsonBoard Member
Jane MerrillBoard Member
Joe ChandlerBoard Member
Julius Leary JrBoard Member
Mamie NicholsonBoard Member
Martha BarnetteBoard Member
Sam TolbertBoard Member
Sid JohnstonBoard Member
Sam Leaman IiiSecretary
Ac Bubba FennellTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,048,660
Program Service Revenue
$36,000
Investment Income
$174,502
Other Revenue
$0
All Other Contributions
$1,048,660
Change in Net Assets
$607,621

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,216,999
Revenue Not Reported on Financial Statements
$42,163
Revenue Not Reported on Form 990
$47,210
Total Revenue per Audited Statements
$1,264,209
Total Revenue per Form 990
$1,259,162
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$429,907
Salaries, Compensation, and Employee Benefits$117,512
Other Expenses$104,122
Total Fundraising Expense$3,949
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$429,907--$429,907
Current Officers, Directors, Trustees, and Key Employees-$83,384-$83,384
Other Salaries and Wages-$24,000-$24,000
Fees for Services Accounting-$21,460-$21,460
Payroll Taxes-$9,297-$9,297
Advertising$1,007$5,914$2,028$8,949
Travel$257$7,140-$7,397
Fees for Services Other-$6,661-$6,661
Office Expenses$701$4,735$939$6,375
Occupancy-$5,719-$5,719
Insurance-$1,792-$1,792
Other Expenses$1,532$4,026$20$1,532
Information Technology-$1,248$52$1,300
All Other Expenses--$910$910
Other Employee Benefits-$831-$831
Total Functional Expenses$471,385$176,207$3,949$651,541

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$651,542
Expenses per Audited Statements$651,541
Total Expenses per Form 990$651,541
Expenses Not Reported on Form 990$1
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Greenwood Pathway HouseGreenwood, SC501c3Provide Homeless Services$417,500
Project Hope FoundationGreenwood, SC501c3Support Services for Autism Community$195,000
St Marks United Methodist ChurchGreenwood, SC501c3Support Religious Ministries$18,000
United Way of GreenwoodGreer, SC501c3Support Needs of Community$12,000
Advance GcfaNashville, TN501c3Provide Missionary and World Service$10,000
North Side Baptist ChurchGreenwood, SC501c3Support Religious Ministries$8,000
Piedmont Tech College FoundatiionGreenwood, SC501c3Support School and Student Growth$6,200
Water of Life--Provide Access to Clean Water$6,000
The Shepherds CenterGreenwood, SC501c3Support Services for the Eldery$5,645
Arts Council of GreenwoodGreenwood, SC501c3Support for the Artsin Greenwood Area$5,000
Greenwood Community TheatreGreenwood, SC501c3Support for the Artsin Greenwood Area$5,000
Hospice Care of the PiedmontGreenwood, SC501c3Provide Medical Services to Elderly$5,000
Megs HouseGreenwood, SC501c3Supportive Care Forabuse Victims$5,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Endowment Funds Payable$173,686
Payroll Liabilities$2,715
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

A copy of the form 990 is provided to the executive director. After his review and approval, the return is then electronically filed with the internal revenue service and mailed to the sc secretary of states office.

Conflict of interest policy compliance Part VI line 12C

Board members annually submit a list of any affiliations which may present a potential conflict of interest to the board chair. In addition to this requirement, board members must make written notification of any possible conflicts of interest and present it to the board prior to each vote that is taken during the grant approval process.

CEO executive director top management comp Part VI line 15A

The board annually reviews the compensation statistics provided by the council on foundations to help determine if the executive directors salary is appropriate.

Governing documents etc available to public Part VI line 19

Financial statements, conflict of interest policies, and all other governing documents are available at either the sc secretary of states website, at the organizations phyiscal location, or at the organizations website.

Filing and Contact Details

Filer

Filer Name
Greenwood County Community Foundation Inc
EIN
27-0388708
Address
929 PHOENIX ST, GREENWOOD, SC 29646

Signing Officer

Name
Jeffrey Smith
Title
Executive Direc
Phone
8642231524
Signed
2017-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Linda Dolny
Formed
2009
Legal Domicile
Sc
Voting Board Members
13
Independent Board Members
13
Employees
2

Preparer

Firm
Clark Eustace Wagner PA
Address
605 Calhoun Avenue, Greenwood, SC 29649
Preparer
Lois D Eustace CPA
Phone
8643889101
Supplemental Narrative

Financial Statement Notes

Endowment funds intended uses (Part V, line 4)

The endowment funds are to be used for the benefit of organizations whose missions are special to the original donor. Some of the types of organizations that benefit from the grants received from these endowment funds include those that support educational endeavors, assist the elderly, support the arts in the community, and other similar causes.

Other expenses not included on Form 990 (Part XII, line 2D)

This $1 is a rounding adjustment to get total net assets reported on part 10 line 4 of form 990 to match total net assets reported on audit report.

General Explanation Attachment

The 2016 beginning balance of schedule d part v does not match the 2015 ending balance due to errors in prior year reporting. The 2016 beginning balance, additions, reductions, and ending balance are accurate.

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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITIES
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