Spartanburg County Foundation
- Assets
- $213.6m
- Revenue
- $29.6m
- Investments
- $15.5m
- Employees
- 19
- Location
- Spartanburg, SC
- Founding
- 09/1948
- Data as of
- 12/2021
- 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 12/2021, Spartanburg County Foundation employed 19 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 12/2021, Spartanburg County Foundation generated $29.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $18.2m during the year ending 12/2021. While expenses have increased by 6.2% 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, Spartanburg County Foundation has awarded 1,234 individual grants totaling $75,861,477. 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
2021
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 2021, THE FOUNDATION AWARDED GRANTS THROUGH ITS GRANTMAKING PROGRAM AND DISASTER RELIEF FUND TO 237 NONPROFIT ORGANIZATIONS TO IMPROVE THE LIVES OF SPARTANBURG COUNTY RESIDENTS AND ADDRESS THE IMPACTS OF COVID-19. WE ENGAGED OVER 1,400 COMMUNITY MEMBERS VIRTUALLY THROUGH THE FOLLOWING INITIATIVES: NONPROFIT CONNECT, DONOR CONNECT, THE SPARTANBURG INTERFAITH ALLIANCE, GRASSROOTS LEADERSHIP ALUMNI ASSOCIATION AND REAL TALK FORUMS. IN ADDITION TO CONNECTING VIRTUALLY, THE FOUNDATION PARTNERED WITH REGENESIS HEALTHCARE AND SPARTANBURG REGIONAL HEALTHCARE TO PROVIDE COVID-19 TESTING OVER THE SUMMER AND FLU VACCINES IN THE FALL. ADDITIONALLY, THROUGH COMMUNITY FOCUS GROUPS AND A PROGRAMMING COMMITTEE, THE FOUNDATION DEVELOPED AN OPERATIONAL PLAN FOR SOUTH CAROLINA'S FIRST CENTER FOR PHILANTHROPY, A PLACE WHERE NONPROFITS, DONORS, AND COMMUNITY CAN COME TOGETHER TO EXPLORE SOLUTIONS AND TACKLE COMMUNITY ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Troy M Hanna President & Ceo/ Asst. Secy | Officer | 40 | $213,757 |
Mary L Thomas Chief Operating Officer | Officer | 40 | $186,298 |
Nancy Bain Cot Secretary/treasurer | OfficerTrustee | 2 | $0 |
Bert D Barre Vice Chair | OfficerTrustee | 2 | $0 |
Sheryl M Booker Chair | OfficerTrustee | 2 | $0 |
Erika Mcjimpsey Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Joseph Ryan Mcgaha Landscaping Services | 12/30/21 | $155,108 |
The Boyd Company Construction Services | 12/30/21 | $176,809 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $442,500 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,205,256 |
| Noncash contributions included in lines 1a–1f | $1,116,055 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,647,756 |
| Total Program Service Revenue | $0 |
| Investment income | $2,845,640 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$134,266 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,550,562 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $14,011,860 |
| Grants and other assistance to domestic individuals. | $646,485 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $400,055 |
| Compensation of current officers, directors, key employees. | $206,715 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $605,738 |
| Pension plan accruals and contributions | $82,123 |
| Other employee benefits | $134,879 |
| Payroll taxes | $53,482 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $58,792 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,366,678 |
| Advertising and promotion | $0 |
| Office expenses | $110,446 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $145,270 |
| Travel | $1,495 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,823 |
| Interest | $37,533 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $318,528 |
| Insurance | $49,461 |
| All other expenses | $7,840 |
| Total functional expenses | $18,209,904 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,308,352 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,420,920 |
| Accounts receivable, net | $4,162 |
| 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 | $9,904,471 |
| Investments—publicly traded securities | $176,754,967 |
| Investments—other securities | $15,528,842 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,691,634 |
| Total assets | $213,613,348 |
| Accounts payable and accrued expenses | $9,484 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $13,263,504 |
| 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 | $3,729,763 |
| Total liabilities | $17,002,751 |
| Net assets without donor restrictions | $15,879,644 |
| Net assets with donor restrictions | $180,730,953 |
| 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 | $213,613,348 |
Grants Awarded
Over the last fiscal year, Spartanburg County Foundation has awarded $13,334,906 in support to 214 organizations.
| Grant Recipient | Amount |
|---|---|
Spartanburg, SC PURPOSE: GENERAL SUPPORT | $1,727,546 |
Spartanburg, SC PURPOSE: GENERAL SUPPORT | $1,071,186 |
Spartanburg, SC PURPOSE: GENERAL SUPPORT | $684,473 |
Spartanburg, SC PURPOSE: GENERAL SUPPORT | $525,634 |
Spartanburg, SC PURPOSE: GENERAL SUPPORT | $350,000 |
Spartanburg, SC PURPOSE: GENERAL SUPPORT | $337,304 |
Grants Recieved
Over the last fiscal year, we have identified 60 grants that Spartanburg County Foundation has recieved totaling $4,493,144.
| Awarding Organization | Amount |
|---|---|
Spartanburg County Foundation Spartanburg, SC PURPOSE: GENERAL SUPPORT | $1,727,546 |
Spartanburg County Foundation Spartanburg, SC PURPOSE: GENERAL SUPPORT | $337,304 |
Spartanburg County Foundation Spartanburg, SC PURPOSE: GENERAL SUPPORT | $282,500 |
Balmer Foundation Inc Spartanburg, SC PURPOSE: GENERAL SUPPORT | $250,000 |
Spartanburg County Foundation Spartanburg, SC PURPOSE: GENERAL SUPPORT | $150,000 |
Barnet Foundation Trust Inc Spartanburg, SC PURPOSE: GENERAL SUPPORT | $142,858 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Carolina Community Foundation Inc Raleigh, NC | $442,779,010 | $109,848,330 |
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 |
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 |
North Georgia Community Foundation Gainesville, GA | $121,312,465 | $29,287,202 |
Central Carolina Community Foundation Columbia, SC | $200,312,368 | $26,646,536 |
Community Foundation Of The Chattahoochee Valley Inc Columbus, GA | $203,858,921 | $35,593,899 |
High Point Community Foundation High Point, NC | $114,170,503 | $14,778,667 |
Community Foundation Of Central Georgia Inc Macon, GA | $156,226,670 | $20,534,365 |