Engenuitysc

Nonprofit profile at a glance

EIN
352321058
IRS 990 coverage
2009–2021
Forms available
Form 990 2021
Location
Columbia, SC, USA
Phone
8038510622
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Economic Development

Official website

Reported finances

Revenue
$72,901
Expenses
$207,142
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2021. Amounts in USD.

Leadership & pay

19 people listed

People named in this filing

  • DR ROSLYN CLARK ARTIS (DIRECTOR)
  • STEVE BENJAMIN (FOUNDING CO-)
  • LEE BUSSELL (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2021. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Governed by the highest-ranking regional leaders in education, government, and business, engenuitysc is a nonprofit that works to make the columbia, sc region a standout choice for top talent and competitive companies. Structured as a neutral and independent project management team, engenuitysc is known for achieving progress through partnerships using a unique, highly effective process. Whether is is equipping k-12 students with career-ready skills, elevating quality of life with the midlands business leadership group, or producing competitiveness week and the annual midlands regional competitiveness report, engenuitysc is a trusted force, working behind the scenes to build a community culitivated for living, working, playing and learning.

What it reported doing in 2021

Midlands regional competitiveness report and competitiveness

Operating model

Revenue model
Grant-funded. 65% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 76
  • Transparency & Controls: 92
  • Accountability: 88
  • Sustainability: 14
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 60.4%; rating input score 60
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -184.1%; rating input score 13; 13th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 3; 3rd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings

Growth

  • Program expense growth: -12.1% per year; rating input score 0; 33rd percentile among comparable filings
  • Revenue growth: -11.3% per year; rating input score 0; 33rd percentile among comparable filings
  • Asset growth: -14% per year; rating input score 0; 11th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 60.4% of spending went to programs
  • Governance: 19 of 19 board members independent · 5 of 7 filing controls reported
  • Programs: 2 filed program accomplishments · $125K in reported program spending
  • Leadership: top reported pay $0 · 19 people listed
  • Consistency: 15 of 15 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 13 filing years from 2009 to 2021
  • Contacts: How to reach this organization
  • Related organizations: Filed and resolved organization relationships.
  • 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.

  • High — Sustainability: Operating margin scored 13/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 3/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Growth: Asset growth scored 0/100.