Civic Intelligence

Greenwood Genetic Center Inc

EIN 57-0604070 • 501(c)3 • Greenwood, SC

Profile

The greenwood genetic center is a nonprofit institute organized to provide clinical genetic services, diagnostic laboratory testing, educational programs and resources and research in the field of medical genetics.

101 Gregor Mendel CircleGreenwood, SC 29646

www.ggc.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

87th percentile

0.80x

Higher debt load relative to assets than 87% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

73rd percentile

0.74x

Higher debt load relative to revenue than 73% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

21st percentile

-5.7%

Higher net margin than 21% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

78th percentile

$430,815

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

28th percentile

-0.6%

Faster asset growth than 28% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

37th percentile

2.5%

Faster revenue growth than 37% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$29,278,213

Up $19,920,020 (+213%) from 2022

Liabilities

Up

$24,089,374

Up $17,988,167 (+295%) from 2022

Net Assets

Up

$5,188,839

Up $1,931,853 (+59%) from 2022

Revenue

Up

$30,958,855

Up $6,586,929 (+27%) from 2022

Expenses

Up

$31,512,061

Up $4,754,863 (+18%) from 2022

Net Income

Up

-$553,206

Up $1,832,066 (+77%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2010: $24,376,563Liabilities 2010: $5,308,098Net Assets 2010: $19,068,4652010Assets 2011: $23,601,258Liabilities 2011: $5,179,034Net Assets 2011: $18,422,2242011Assets 2012: $24,098,219Liabilities 2012: $4,999,178Net Assets 2012: $19,099,0412012Assets 2013: $23,420,342Liabilities 2013: $4,917,613Net Assets 2013: $18,502,7292013Assets 2014: $26,078,054Liabilities 2014: $4,925,753Net Assets 2014: $21,152,3012014Assets 2015: $24,229,313Liabilities 2015: $4,659,093Net Assets 2015: $19,570,2202015Assets 2016: $22,576,501Liabilities 2016: $4,250,546Net Assets 2016: $18,325,9552016Assets 2017: $23,063,658Liabilities 2017: $5,217,614Net Assets 2017: $17,846,0442017Assets 2018: $22,431,708Liabilities 2018: $7,454,843Net Assets 2018: $14,976,8652018Assets 2019: $22,443,544Liabilities 2019: $7,523,948Net Assets 2019: $14,919,5962019Assets 2020: $25,374,540Liabilities 2020: $9,527,709Net Assets 2020: $15,846,8312020Assets 2021: $23,474,506Liabilities 2021: $6,639,553Net Assets 2021: $16,834,9532021Assets 2022: $9,358,193Liabilities 2022: $6,101,207Net Assets 2022: $3,256,9862022Assets 2023: $29,278,213Liabilities 2023: $24,089,374Net Assets 2023: $5,188,8392023

Highlighted filing

2023

Assets$29,278,213
Liabilities$24,089,374
Net Assets$5,188,839

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$40M$30M$20M$10M$0-$10MExpenses 2010: $17,858,2362010Expenses 2011: $18,753,7202011Expenses 2012: $19,068,5072012Expenses 2013: $20,283,1522013Revenue 2014: $23,424,734Expenses 2014: $20,775,162Net Income 2014: $2,649,5722014Revenue 2015: $19,881,272Expenses 2015: $21,463,353Net Income 2015: -$1,582,0812015Revenue 2016: $20,620,634Expenses 2016: $21,864,899Net Income 2016: -$1,244,2652016Revenue 2017: $23,284,582Expenses 2017: $23,313,534Net Income 2017: -$28,9522017Revenue 2018: $22,461,283Expenses 2018: $25,733,105Net Income 2018: -$3,271,8222018Revenue 2019: $25,115,813Expenses 2019: $25,173,082Net Income 2019: -$57,2692019Revenue 2020: $26,085,939Expenses 2020: $25,158,704Net Income 2020: $927,2352020Revenue 2021: $25,247,880Expenses 2021: $24,259,758Net Income 2021: $988,1222021Revenue 2022: $24,371,926Expenses 2022: $26,757,198Net Income 2022: -$2,385,2722022Revenue 2023: $30,958,855Expenses 2023: $31,512,061Net Income 2023: -$553,2062023

Highlighted filing

2023

Revenue$30,958,855
Expenses$31,512,061
Net Income-$553,206

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$29.3$24.1$5.19$31.0$31.5$0.55
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.36$6.10$3.26$24.4$26.8$2.39
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.5$6.64$16.8$25.2$24.3$0.99
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.4$9.53$15.8$26.1$25.2$0.93
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.4$7.52$14.9$25.1$25.2$0.06
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.4$7.45$15.0$22.5$25.7$3.27
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.1$5.22$17.8$23.3$23.3$0.03
2016Detailed filing. Detailed filing data is available for this year.$22.6$4.25$18.3$20.6$21.9$1.24
2015Detailed filing. Detailed filing data is available for this year.$24.2$4.66$19.6$19.9$21.5$1.58
2014Detailed filing. Detailed filing data is available for this year.$26.1$4.93$21.2$23.4$20.8$2.65
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.4$4.92$18.5$20.3
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.1$5.00$19.1$19.1
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.6$5.18$18.4$18.8
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.4$5.31$19.1$17.9
Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Aug 29, 2023
Return Version
2021v4.0
Gross Receipts
$24,371,926
Mission and Program Overview

Mission

The greenwood genetic center is a nonprofit institute organized to provide clinical genetic services, diagnostic laboratory testing, educational programs and resources and research in the field of medical genetics.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$4,344,946$5,982,748▲ $1,637,802
Land, Buildings, and Equipment, Net$16,931,416$1,769,359▼ $15,162,057
Accounts Receivable$1,264,016$1,150,484▼ $113,532
Prepaid Expenses and Deferred Charges$350,568$376,001▲ $25,433
Pledges and Grants Receivable$558,159$69,321▼ $488,838
Inventories for Sale or Use$16,849$10,044▼ $6,805
Intangible Assets$8,552--
Other Notes and Loans Receivable, Net-$236-
Total Assets$23,474,506$9,358,193▼ $14,116,313
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,115,674$4,054,087▼ $61,587
Accounts Payable and Accrued Expenses$2,523,879$2,047,120▼ $476,759
Total Liabilities$6,639,553$6,101,207▼ $538,346
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$15,770,471$2,494,633▼ $13,275,838
Net Assets With Donor Restrictions$1,064,482$762,353▼ $302,129
Total Net Assets Fund Balance$16,834,953$3,256,986▼ $13,577,967
Total Liabilities and Net Assets / Fund Balance$23,474,506$9,358,193▼ $14,116,313

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,765,067$14,410,076$16,175,143
Other Land Buildings$4,292$553,724$558,016

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$11,794,805$212,124▼ $1,891,616$246,234$9,824,443
2020$8,971,885$171,243▲ $2,887,110$199,614$11,794,805
2019$8,950,001$136,740▲ $90,650$174,681$8,971,885
2018$9,083,461$81,114▲ $146,472$329,778$8,950,001
2017$8,806,767$142,574▲ $684,635$518,893$9,083,461
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Steven a Skinner MdDirector - GFT$317,493$29,000$346,493
Steven a Skinner MdDirector - Ggc-$317,493$29,000$346,493
Richard Schroer MdSenior Clini-$261,752$29,000$290,752
Richard Schroer MdSenior Clinical Gene-$261,752$29,000$290,752
Roger Stevenson MdSenior Clini-$276,888$5,427$282,315
Roger Stevenson MdSenior Clinical Gene-$276,888$5,427$282,315
Michael Lyons MdAssociate Cl-$241,463$22,911$264,374
Michael Lyons MdAssociate Clinical G-$241,463$22,911$264,374
Mike Friez PhdDirector Dia-$223,659$26,000$249,659
Mike Friez PhdDirector Diagnostic-$223,659$26,000$249,659
Richard RogersSenior Clini-$197,323$18,000$215,323
Richard RogersSenior Clinical Gene-$197,323$18,000$215,323
Richard Steet PhdDirector Res-$188,728$15,206$203,934
Richard Steet PhdDirector Research in-$188,728$15,206$203,934
Eloise Prijoles MdAssistant Cl-$178,304$18,574$196,878
Eloise Prijoles MdAssistant Clinical G-$178,304$18,574$196,878
Sara Cathey MdAssociate Cl-$181,711$11,047$192,758
Sara Cathey MdAssociate Clinical G-$181,711$11,047$192,758
Kevin FarrenDirector-dat-$155,714$19,500$175,214
Kevin FarrenDirector-data Integr-$155,714$19,500$175,214
Revenue and Support

Revenue Composition

Contributions and Grants
$12,847,908
Program Service Revenue
$11,461,272
Investment Income
$46,788
Other Revenue
$15,958
All Other Contributions
$966,255
Change in Net Assets
$-2,385,272
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$15,866,792
Other Expenses$10,890,406
Total Fundraising Expense$305,639
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$10,113,547$1,284,681$162,065$11,560,293
Occupancy$2,117,125$285,426$40,089$2,442,640
Other Employee Benefits$1,244,815$191,157$18,580$1,454,552
Depreciation Depletion$378,860$884,007-$1,262,867
Current Officers, Directors, Trustees, and Key Employees$744,376$382,681-$1,127,057
Fees for Services Other$896,490$141,903$29,477$1,067,870
Payroll Taxes$743,772$114,215$11,102$869,089
Pension Plan Contributions$732,400$112,469$10,932$855,801
Office Expenses$300,404$177,679$14,834$492,917
Insurance$160,072$131,918$1,087$293,077
Travel$180,242$9,843$5,445$195,530
Interest-$170,274-$170,274
All Other Expenses$116,723$7,028$2,250$126,001
Information Technology$68,235$57,038$425$125,698
Other Expenses$33,131$17,665$775$51,571
Conferences and Meetings$18,767$2,208$2,551$23,526
Total Functional Expenses$22,235,564$4,215,995$305,639$26,757,198
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
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, Page 6, Part VI, Line 4

The organization entered into a membership agreement with mainsail health partners on january 14, 2022. As such, the bylaws were amended and restated to reflect a 50% membership interest by ggc holdings and a 50% membership interest by mailsail health partners. In addition, the articles of incorporation filed with the south carolina secretary of state were amended and restated on may 1, 2022.

Form 990, Page 6, Part VI, Line 6

As of june 30, 2022, the organization had two members - a 50% membership interest by ggc holdings and a 50% membership interest by mailsail health partners.

Form 990, Page 6, Part VI, Line 7A

Each member of the organization has the right to elect six members to the board of directors.

Form 990, Page 6, Part VI, Line 11B

The form 990 is provided to the board for review prior to filing the return.

Form 990, Page 6, Part VI, Line 12C

All directors and key employees are required to complete an annual conflict of interest attestation which details potential situations that could exist.

Form 990, Page 6, Part VI, Line 15A

The executive director's compensation is approved by the board of directors.

Form 990, Page 6, Part VI, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Greenwood Genetic Center Inc
EIN
57-0604070
Phone
8649418100
Address
101 GREGOR MENDEL CIRCLE, GREENWOOD, SC 29646

Signing Officer

Name
Steven a Skinner Md
Title
Director - Ggc
Phone
8649418100
Signed
2023-08-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steven a Skinner Md
Formed
1974
Legal Domicile
Sc
Voting Board Members
12
Independent Board Members
12
Employees
210

Preparer

Firm
Manley Garvin LLC
Address
PO BOX 429, GREENWOOD, SC 29648
Preparer
Joshua C Garvin
Phone
8642294951
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

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.

Form 990, Page 2, Part III, Line 4A

The greenwood genetic center is where service, compassion and care intersect with quality, technology and innovation. Our clinical services strive to ensure that patients and families in need of genetic services have access to high quality care through programs to decrease financial barriers and the use of technology to increase availability of care. Our diagnostic laboratories use cutting edge technology and data analysis to increase diagnostic answers for our patients to improve medical management and healthcare outcomes. Our financial assistance programs also decrease financial barriers to appropriate testing. Our research scientists work closely with our clinicians and laboratory geneticist to increase our understanding of genetic variations and biologic mechanisms. This knowledge advances opportunities for new treatments to improve quality of life. Our education services prepare the current and future workforce in genetics to better serve and care for patients, to implement technology and data analysis, and to advance scientific knowledge.

Form 990, Part XI, Line 9

Investment by mainsail health partners 3,000,000 transfer to greenwood genetic center foundation -14,192,695 total -11,192,695

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IRS990/Desc0THE GREENWOOD GENETIC CENTER IS WHERE SERVICE, COMPASSION AND CARE INTERSECT WITH QUALITY, TECHNOLOGY AND INNOVATION. OUR CLINICAL SERVICES STRIVE TO ENSURE THAT PATIENTS AND FAMILIES IN NEED OF GENETIC SERVICES HAVE ACCESS TO HIGH QUALITY CARE THROUGH PROGRAMS TO DECREASE FINANCIAL BARRIERS AND THE USE OF TECHNOLOGY TO INCREASE AVAILABILITY OF CARE. OUR DIAGNOSTIC LABORATORIES USE CUTTING EDGE TECHNOLOGY AND DATA ANALYSIS TO INCREASE DIAGNOSTIC ANSWERS FOR OUR PATIENTS TO IMPROVE MEDICAL MANAGEMENT AND HEALTHCARE OUTCOMES. OUR FINANCIAL ASSISTANCE PROGRAMS ALSO DECREASE FINANCIAL BARRIERS TO APPROPRIATE TESTING. OUR RESEARCH SCIENTISTS WORK CLOSELY WITH OUR CLINICIANS AND LABORATORY GENETICIST TO INCREASE OUR UNDERSTANDING OF GENETIC VARIATIONS AND BIOLOGIC MECHANISMS. THIS KNOWLEDGE ADVANCES OPPORTUNITIES FOR NEW TREATMENTS TO IMPROVE QUALITY OF LIFE. OUR EDUCATION SERVICES PREPARE THE CURRENT AND FUTURE WORKFORCE IN GENETICS TO BETTER SERVE AND CARE FOR PATIENTS, TO IMPLEMENT TECHNOLOGY AND DATA ANALYSIS, AND TO ADVANCE SCIENTIFIC KNOWLEDGE.
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