The Greater Waverly Foundation

Nonprofit profile at a glance

EIN
113678686
IRS 990 coverage
2023–2024
Forms available
Form 990 2024, Form 990-N 2022
Location
Columbia, SC, USA
Phone
8032106939
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Personal Social Services

Reported finances

Revenue
$326,025
Expenses
$235,294
Assets
$219,000
Liabilities
$19,000

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

Leadership & pay

4 people listed

Executive titles in this filing

  • Catherine Lewis (President)
  • Jennifer McClary (Vice President)

People named in this filing

  • Catherine Lewis (President)
  • Jennifer McClary (Vice President)
  • T Wayne Gilbert (Treasurer)

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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Greater Waverly Foundation was established to provide educational resources such as virtual tutoring, computeraccess classes homework assistance and finance management to families; to reduce food vulnerability inacommunity declared a food desert by the Dept of Agriculture through a weekly food bank and the establishment ofacommunity garden; and to present historical information celebrations at a low cost to the surroundingcommunities.

What it reported doing in 2024

He Greater Waverly Foundation Summer Camp is excited to offer the Village Initiative Summer camp program that supports young people to help students engage in their studies and increase academic performance. The students in the summer camp participate in an interactive educational experience designed to inform engage entertain and educate. Our camp comprehensively examines math science reading cursive writing language and cultural arts. These strategies enhance the in-class learning experience help students improve test scores reading and writing skills and speak and listen effectively. The tangible measurable learning results help students understand place values to the trillion know multiplication facts to 12 take notes and understand the formation of good writing to excel and succeed in school.

Operating model

Revenue model
Grant-funded. 95% 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. Some filing-based governance responses are negative or unanswered and assets have declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 73
  • Transparency & Controls: 81
  • Accountability: 76
  • Sustainability: 61
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 72%; rating input score 72
  • Program expense ratio: 99.7%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90%; rating input score 90; 9th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 27.8%; rating input score 81; 81st percentile among comparable filings
  • Total-asset coverage ratio: 0.93; rating input score 39; 39th percentile among comparable filings
  • Liabilities to assets ratio: 0.09; rating input score 27; 27th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: 114% per year; rating input score 100; 99th percentile among comparable filings
  • Revenue growth: 19.1% per year; rating input score 100; 87th percentile among comparable filings
  • Asset growth: -20.6% per year; rating input score 0; 3rd percentile among comparable filings

Details

  • Where the money goes: 72% of revenue deployed · 99.7% of spending went to programs
  • Governance: 7 of 7 board members independent · 3 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $235K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 40 of 41 current checks pass · 1 finding to review
  • Schedules: 2 filed schedules
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • 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.

  • Moderate — Accountability: Governance controls: 3 of 6 not reported.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 39/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Sustainability: Liabilities to assets ratio scored 27/100.