Westedge Foundation Inc

What it reported doing in 2024

The westedge foundation mobilizes and deploys resources to invest in infrastructure to protect the health safety and welfare of the surrounding community and the public at large. We measure our progress in accomplishing this portion of our mission by:- ongoing efforts to address the increasing flooding that impacts the community, damaging property and preventing access to homes, businesses, and schools.- working to eliminate contamination exposures in the area due to degradation of the historic landfill cap, and bring perpetual health improvement to the immediate neighborhood and all of the west side of the peninsula.- improving access and mobility with new or improved auto, bicycle, pedestrian and transit facilities.we accomplish our mission through repairing existing infrastructure and building new roads, drainage, and utilities to support the needs of the area of and around the westedge district. Specific accomplishments of westedge foundation's efforts include: flooding:-design and construction to eliminate tidal sunny day flooding and reducing instances of stormwater flooding with new drainage solutions and enhanced stormwater storage capacity already in place or planned.-working to connect existing gadsden green and ashton street drainage systems to the spring fishburne deep tunnel system to reduce neighborhood flooding.-restoring reliable emergency response and evacuation routes.environment:-stopping ongoing health risks from surface exposure to contamination from landfill materials and hazardous leachate.-reducing tidal and stormwater flooding to stop conveyance of contaminants into the neighborhood, protecting gadsden green homes, charleston development academy and harmon field.-sc dhec voluntary cleanup program for all projects ensures future safety for the public and reduces ongoing liability/exposure of the city and muscf.safe access:-traffic improvements already in place improve flow and safety on lockwood blvd. And president st.-proposed medical district connector will create safer pedestrian, bicycle and transit connections to the medical district.-creating new workplaces with direct access to transit & housing significantly reduces traffic impacts.-providing a terminus location for the planned lcrt public transit system, increasing mobility options for an underserved population.-efforts to address flooding also promotes consistent access to homes, workplaces and schools.

Financial Efficiency

• Mission deployment rate: 43.7%; rating input score 44
• Program expense ratio: 55.6%; rating input score 56
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 3 of 6 controls in place; rating input score 50
  • Compensation committee: Pass
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Pass
  • 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: 8 of 8 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: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 53.2%; rating input score 93; 93rd percentile among comparable filings
• Total-asset coverage ratio: 19.08; rating input score 96; 96th percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 81; 81st percentile among comparable filings
• Officer compensation ratio: 32.9%; rating input score 6; 6th percentile among comparable filings

Growth

• Program expense growth: 1% per year; rating input score 100; 22nd percentile among comparable filings
• Revenue growth: -3.7% per year; rating input score 0; 6th percentile among comparable filings
• Asset growth: -3.4% per year; rating input score 0; 9th percentile among comparable filings