Spinks Family Foundation

The information for Spinks Family Foundation is as of the organization's most recent filing in December '21. This organization is located in Greenville, SC. It has been in existence for 5 years, following its founding in 2016.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The Spinks Family Foundation's NTEE code is T99. The "T" tells us that the organization is classified along with Philanthropy, Voluntarism & Grantmaking Foundations. The "99" indicates that the major purpose of the organization is unclear enough that a more specific code cannot be accurately assigned. The NTEE describes organizations with this code as providing philanthropy, voluntarism, and grantmaking services. The foundation is also classified as a 501(c)(3) organization, meaning it is engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work. The mission of the Spinks Family Foundation is to grow healthy kids in their community.

Program Areas

The organization's general fund is dedicated to providing funds to charitable organizations in order to help them achieve their goals. This fund supports various programs and initiatives by reporting all revenues, support, and functional expenses that are not specifically reported by another fund or program.

Organization Staffing

Spinks Family Foundation is run by Linda Gysin, who is the Executive Director. The organization does not have any employees and no employees are paid over $100k per year. Supporting the foundation's work are 70 volunteers.

Board Governance

The Spinks Family Foundation appears to be fairly well-governed based on the information provided. The organization has a small board of 4 voting members, all of whom are independent. This suggests that decision-making within the organization is not dominated by a single individual or group, and that there is a diversity of perspectives and expertise represented on the board. Furthermore, the fact that board meetings and committee meetings are documented indicates a commitment to transparency and accountability. This documentation can serve as a record of discussions, decisions, and actions taken by the board and committees, ensuring that there is a clear record of governance practices. However, there are some areas where the Spinks Family Foundation could improve its governance practices. The organization does not have a conflict of interest policy, which could help to identify and manage potential conflicts that may arise among board members or staff. Similarly, the lack of a whistleblower policy and document retention policy may leave the organization vulnerable to potential misconduct or legal issues. Overall, while the Spinks Family Foundation demonstrates some good governance practices, there are areas where they could enhance their policies and procedures to further strengthen their governance structure.

Grant History

Our dataset includes six years of grant history for the Spinks Family Foundation. Over the course of these six years, they have awarded a total of 44 grants, with an average check size of $76,648. The foundation primarily focuses on supporting organizations in the Philanthropy, Voluntarism & Grantmaking Foundations sector, with all 44 grants falling into this category. In terms of geographical distribution, the foundation has awarded the majority of its grants in South Carolina (36), followed by Washington, D.C. (4) and Virginia (4).

Organization Growth

The Spinks Family Foundation has experienced significant growth over the given time period. Contributions and grants received increased from $240.8K in 2016 to $3.7M in 2021, indicating a substantial increase in support. Other revenue also grew from -$62.8K in 2016 to $23.6K in 2021. Total revenue saw a significant increase as well, rising from $178.0K in 2016 to $3.7M in 2021. Grants paid also increased from $165.9K in 2016 to $1.0M in 2021, suggesting an expansion of the organization's impact. Total expenses also grew from $166.0K in 2016 to $1.1M in 2021. Furthermore, the number of volunteers increased from 17 in 2016 to 70 in 2021, indicating a growing community involvement. Overall, the Spinks Family Foundation has experienced substantial growth across various aspects of its operations over the given time period.