Spartanburg Community College Foundation Inc
Nonprofit profile at a glance
- EIN
- 570751500
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Spartanburg, SC, USA
- Phone
- 8645924624
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Nonmonetary Support N.E.C.
Reported finances
- Revenue
- $1,719,746
- Expenses
- $2,311,946
- Assets
- $11,148,735
- Liabilities
- $215,905
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
17 people listed
Highest reported compensation
- GREGORY M MIKOTA II COLLEGE PRES (EX-OFFICIO/N): $308,888 total reported compensation
- ETHAN BURROUGHS (NON-VOTING B): $185,397 total reported compensation
- JOHN JARACZEWSKI (EXECUTIVE DI): $107,033 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To develop and administer programs organized exclusively to receive and hold by bequest, gift, or purchase any property and to manage, invest, and use the property for scientific, educational, and charitable purposes for the advancement of spartanburg community college.
What it reported doing in 2024
Spartanburg community college foundation promotes the college's strategic plans for distinctive growth and development by assisting deserving students with scholarships based on specified criteria including academic standing, need, service to the community, leadership, and area of study. The foundation has established a temporarily restricted account for bmw schorlarships, the funding of which was received from a state of South Carolina grant for bmw scholar scholarships, to advance technical careers as participants in the bmw scholars program managed by the foundation and disbursed through the spartanburg county foundation.
Operating model
- Revenue model
- Donor-supported. 71% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 93% 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. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 96
- Transparency & Controls: 71
- Accountability: 84
- Sustainability: 41
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 92.3%; rating input score 92
- Fundraising efficiency: $102.34 raised per $1 spent on fundraising; rating input score 87; 87th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 76th 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; 63rd percentile among comparable filings
- Governance controls: 5 of 9 controls in place; rating input score 62
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Limited
- 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: -34.4%; rating input score 5; 5th percentile among comparable filings
- Total-asset coverage ratio: 4.82; rating input score 84; 84th percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 63; 63rd percentile among comparable filings
- Officer compensation ratio: 4.1%; rating input score 55; 55th percentile among comparable filings
Growth
- Program expense growth: 1.2% per year; rating input score 100; 23rd percentile among comparable filings
- Revenue growth: -3.4% per year; rating input score 0; 7th percentile among comparable filings
- Asset growth: -3.5% per year; rating input score 0; 9th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 92.3% of spending went to programs
- Governance: 16 of 16 board members independent · 5 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $2.1M in reported program spending
- Leadership: top reported pay $309K · 17 people listed · 0 of 6 pay-setting controls reported
- Consistency: 31 of 31 current checks pass
- Schedules: 9 filed schedules · includes major donors, grants, and executive pay
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- Related organizations: 5 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.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Governance controls: 3 of 8 not reported.
- High — Sustainability: Operating margin scored 5/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 55/100.