Greenwood Genetic Center Foundation
- Assets
- $12.4m
- Revenue
- $1.4m
- Investments
- $4.2m
- Employees
- 0
- Location
- Greenwood, SC
- Founding
- 01/1999
- Data as of
- 06/2021
- EIN
- 62-1743520
Organization Overview
Greenwood Genetic Center Foundation is located in Greenwood, SC. The organization was established in 1999. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greenwood Genetic Center 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 06/2021, Greenwood Genetic Center Foundation generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (14.5%) each year. All expenses for the organization totaled $789.1k during the year ending 06/2021. 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 FOUNDATION WAS ESTABLISHED TO SERVE AS THE PHILANTHROPIC ARM SUPPORTING THE GREENWOOD GENETIC CENTER IN THEIR WORK OF SERVING FAMILIES IN THE FIGHT AGAINST GENETIC DISEASES, BIRTH DEFECTS, AND AUTISM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS RAISED THROUGH THE FOUNDATION SUPPORT A VARIETY OF INITIATIVES AND ACTIVITIES RELATED TO THE GREENWOOD GENETIC CENTER'S MISSION, INCLUDING: -SUPPORTING FAMILIES IN NEED WITH VITAL CLINICAL AND DIAGNOSTIC SERVICES -INVESTING IN RESEARCH DISCOVERIES IN AUTISM, INTELLECTUAL DISABILITIES, AND BIRTH DEFECTS -FUNDING STEM EDUCATION OUTREACH TO INSPIRE STUDENTS AND TEACHERS -PURCHASING EQUIPMENT THAT MAY NOT BE OTHERWISE AVAILABLE -FUNDING SPECIAL PROJECTS SUCH AS TELEGENETICS TO IMPROVE PATIENT ACCESS TO SERVICES -SECURING GGC TO SERVE FAMILIES FOR GENERATIONS TO COME
FUNDS RAISED THROUGH THE FOUNDATION SUPPORT A VARIETY OF INITIATIVES AND ACTIVITIES RELATED TO THE GREENWOOD GENETIC CENTER'S MISSION, INCLUDING: -SUPPORTING FAMILIES IN NEED WITH VITAL CLINICAL AND DIAGNOSTIC SERVICES -INVESTING IN RESEARCH DISCOVERIES IN AUTISM, INTELLECTUAL DISABILITIES, AND BIRTH DEFECTS -FUNDING STEM EDUCATION OUTREACH TO INSPIRE STUDENTS AND TEACHERS -PURCHASING EQUIPMENT THAT MAY NOT BE OTHERWISE AVAILABLE -FUNDING SPECIAL PROJECTS SUCH AS TELEGENETICS TO IMPROVE PATIENT ACCESS TO SERVICES -SECURING GGC TO SERVE FAMILIES FOR GENERATIONS TO COME
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wm Self Jr Board Chair | OfficerTrustee | 0 | $0 |
Steven A Skinner MD Director-Ggc | Officer | 0 | $0 |
Bonnie Ramage Interim Exec | Officer | 0 | $0 |
Vickie H Chandler Trustee | Trustee | 0 | $0 |
Julian J Nexsen Jr Trustee | Trustee | 0 | $0 |
Theo L Lane Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $765,941 |
| Noncash contributions included in lines 1a–1f | $110,924 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $765,941 |
| Total Program Service Revenue | $0 |
| Investment income | $65,352 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $510,398 |
| Net Income from Fundraising Events | $67,447 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,409,138 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $484 |
| Advertising and promotion | $0 |
| Office expenses | $1,509 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,255 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $749,398 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,408 |
| All other expenses | $5,000 |
| Total functional expenses | $789,054 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $512,397 |
| Savings and temporary cash investments | $177,148 |
| Pledges and grants receivable | $206,000 |
| Accounts receivable, net | $0 |
| 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 | $1,764,033 |
| Investments—publicly traded securities | $5,548,772 |
| Investments—other securities | $4,164,852 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,373,202 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $6,553,042 |
| Net assets with donor restrictions | $5,820,160 |
| 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 | $12,373,202 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Greenwood Genetic Center Foundation has recieved totaling $28,000.
| Awarding Organization | Amount |
|---|---|
Bill And Connie Timmons Foundation Wilmington, DE PURPOSE: DATA MANAGEMENT FUND | $20,000 |
Wagner Foundation Northbrook, IL PURPOSE: TO AID ORGANIZATION | $6,000 |
The Hack Foundation Inc Atlanta, GA PURPOSE: OPERATING FUND | $2,000 |
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 |
|---|---|---|
Ninth District Opportunity Inc Gainesville, GA | $20,597,568 | $53,356,026 |
Nema Foundation Inc Tallulah Falls, GA | $40,863,488 | $61,480,995 |
Aston Park Health Care Center Inc Asheville, NC | $17,105,214 | $12,530,764 |
New Morning Foundation Columbia, SC | $9,598,750 | $10,587,010 |
Swim Across America Inc Charlotte, NC | $6,654,266 | $9,920,780 |
East Lake Foundation Inc Atlanta, GA | $69,998,744 | $30,410,500 |
Scintilla Charter Academy Inc Valdosta, GA | $15,718,556 | $7,823,461 |
Wellstar Foundation Inc Marietta, GA | $30,643,336 | $9,116,090 |
Shepherd Center Foundation Inc Atlanta, GA | $141,754,007 | $86,686 |
Camino Community Development Corporation Inc Charlotte, NC | $3,342,143 | $5,457,630 |
Make-A-Wish Foundation Of Georgia Inc Atlanta, GA | $3,516,569 | $5,599,948 |
Pbsa Community Engagement Inc Atlanta, GA | $11,515,237 | $4,451,967 |