Greenwood Genetic Center Inc

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.

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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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

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Greenwood Genetic Center Inc has recieved totaling $4,000.

Awarding OrganizationAmount
Awt Family Foundation

Wilmington, DE

PURPOSE: GENERAL & UNRESTRICTED

$4,000
View Grant Recipient Profile

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

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