Greenwood Genetic Center Foundation

Nonprofit profile at a glance

EIN
621743520
IRS 990 coverage
2013–2024
Forms available
Form 990 2024, Form 990-EZ 2011
Location
Greenwood, SC, USA
Phone
8643881813
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Public Foundations

Official website

Reported finances

Revenue
$3,664,255
Expenses
$3,380,395
Assets
$45,402,315
Liabilities
$19,447,365

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

Leadership & pay

24 people listed

Executive titles in this filing

  • STEVEN A SKINNER MD (CEO & PRESID)

Highest reported compensation

  • STEVEN A SKINNER MD (CEO & PRESID): $462,804 total reported compensation
  • BRANDI BUFF (CFO): $174,701 total reported compensation
  • BONNIE RAMAGE (DIRECTOR OF): $124,093 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 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.

What it reported doing in 2024

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

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Affiliate network. The nonprofit sent 84% of its reported program spending through affiliated organizations.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 70
  • Accountability: 91
  • Sustainability: 66
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 95.2%; rating input score 95
  • Program expense ratio: 95.4%; rating input score 95
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • 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; 63rd percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 7.7%; rating input score 58; 58th percentile among comparable filings
  • Total-asset coverage ratio: 13.43; rating input score 93; 93rd percentile among comparable filings
  • Liabilities to assets ratio: 0.43; rating input score 25; 25th percentile among comparable filings
  • Officer compensation ratio: 2.1%; rating input score 75; 75th percentile among comparable filings

Growth

  • Program expense growth: 18.3% per year; rating input score 100; 83rd percentile among comparable filings
  • Revenue growth: 11.5% per year; rating input score 100; 73rd percentile among comparable filings
  • Asset growth: 19.8% per year; rating input score 100; 83rd percentile among comparable filings

Details

  • Where the money goes: 95.2% of revenue deployed · 95.4% of spending went to programs
  • Governance: 20 of 20 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $3.2M in reported program spending
  • Leadership: top reported pay $463K · 24 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 25 of 25 current checks pass
  • Schedules: 8 filed schedules · includes major donors and executive pay
  • Filing history: 12 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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.

  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • Review — Sustainability: Operating margin scored 58/100.
  • High — Sustainability: Liabilities to assets ratio scored 25/100.