Community Foundation of Greater Greensboro Inc

Nonprofit profile at a glance

EIN
561380249
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Greensboro, NC, USA
Phone
3363799100
Rating
86
Verdict
STRONG
Rating confidence
Moderate
Sector
Community Foundations

Official website

Reported finances

Revenue
$19,207,070
Expenses
$21,067,714
Assets
$289,581,857
Liabilities
$44,949,445

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

38 people listed

Executive titles in this filing

  • H WALKER SANDERS (PRESIDENT)

Highest reported compensation

  • H WALKER SANDERS (PRESIDENT): $310,335 total reported compensation
  • BRANDON ZIEGLER (CHIEF IMPACT OFFICER/VP, GRANTS & INITIATIVES): $193,770 total reported compensation
  • MARCI PEACE (CHIEF FINANCIAL OFFICER): $189,043 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The community foundation of greater greensboro inspires giving, maximizes opportunities and strengthens communities for present and future generations.

What it reported doing in 2024

Field of interest: the community foundation manages endowment and unrestricted grant funds which are used to strengthen its community for present and future generations. Focus areas for 2024 were to promote economic development through community initiatives, establishing workforce initiatives to align education and training with business needs, and developing strategies for affordable housing in its community. In addition, area residents have created permanent funds to support specific areas of interest, including elder care, issues concerning our community's women and families, tuition assistance for eligible high school graduates, and shaping our community's identity through the use of art in public areas. These funds make grants while also conducting active endowment building activities.

Operating model

Revenue model
Donor-supported. 63% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 86% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 93
  • Transparency & Controls: 71
  • Accountability: 100
  • Sustainability: 45
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 84.3%; rating input score 84
  • Fundraising efficiency: $78.64 raised per $1 spent on fundraising; rating input score 82; 82nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 87.5%; rating input score 88; 2nd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: 96.2%; rating input score 96; 26th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -9.7%; rating input score 10; 10th percentile among comparable filings
  • Total-asset coverage ratio: 13.75; rating input score 93; 93rd percentile among comparable filings
  • Liabilities to assets ratio: 0.16; rating input score 65; 65th percentile among comparable filings
  • Officer compensation ratio: 6%; rating input score 43; 43rd percentile among comparable filings

Growth

  • Program expense growth: 0.5% per year; rating input score 100; 13th percentile among comparable filings
  • Revenue growth: 1% per year; rating input score 100; 12th percentile among comparable filings
  • Asset growth: 5.6% per year; rating input score 100; 40th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 84.3% of spending went to programs
  • Governance: 31 of 31 board members independent · 9 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $17.8M in reported program spending
  • Leadership: top reported pay $310K · 38 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $333K reported
  • Consistency: 36 of 38 current checks pass · 2 findings to review
  • Schedules: 10 filed schedules · includes major donors, foreign activity, grants, and executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 282 filed money-flow records
  • Related organizations: 276 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Sustainability: Operating margin scored 10/100.
  • Moderate — Sustainability: Officer compensation ratio scored 43/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.