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← SPARTANBURG COUNTY FOUNDATION

Form 990 for tax year 2022

Filed by SPARTANBURG COUNTY FOUNDATION.

Totals

Total revenue
$21,477,572
Total expenses
$21,761,604
Contributions and grants received
$17,480,937
Grants paid
$17,797,591
Program service revenue
$0
Investment income
$1,739,905
Other revenue
$2,256,730
Total assets, end of year
$187,108,813
Total liabilities, end of year
$7,536,946
Net assets or fund balances, end of year
$179,571,867
Program services expenses (Part IX)
$18,508,326
Management and general expenses
$2,952,881
Fundraising expenses
$300,397
Program service expenses (Part III)
$18,508,326

Program services were 85.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $17,480,937

  • 1g · Noncash contributions included above

    $2,014,903

  • 3 · Investment income

    total $1,819,297 · excluded $1,819,297

  • 7b · Less cost or other basis and sales expenses

    other assets $79,392

  • 7c · Gain or loss

    other assets -$79,392

  • 7d · Net gain or loss

    total -$79,392 · excluded -$79,392

  • 11a · Other revenue: FEES

    total $2,058,857 · related or exempt $2,058,857

  • 11b · Other revenue: TRUST INCOME

    total $173,171 · related or exempt $173,171

  • 11c · Other revenue: OTHER INCOME

    total $24,702 · excluded $24,702

  • 11e · Other revenue, total

    $2,256,730

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $17,181,549 · program services $17,181,549

  • 2 · Grants to domestic individuals

    total $616,042 · program services $616,042

  • 5 · Compensation of officers, directors and key employees

    total $496,756 · program services $186,779 · management and general $279,774 · fundraising $30,203

  • 7 · Other salaries and wages

    total $657,670 · program services $71,015 · management and general $561,598 · fundraising $25,057

  • 8 · Pension plan contributions

    total $88,981 · program services $19,870 · management and general $64,852 · fundraising $4,259

  • 9 · Other employee benefits

    total $140,214 · program services $31,311 · management and general $102,191 · fundraising $6,712

  • 10 · Payroll taxes

    total $59,533 · program services $13,294 · management and general $43,389 · fundraising $2,850

  • 11c · Fees: accounting

    total $69,409 · program services $34,140 · management and general $33,095 · fundraising $2,174

  • 11g · Fees: other

    total $1,433,779 · program services $42,278 · management and general $1,226,113 · fundraising $165,388

  • 13 · Office expenses

    total $120,286 · program services $28,722 · management and general $65,535 · fundraising $26,029

  • 16 · Occupancy

    total $168,524 · program services $37,633 · management and general $122,824 · fundraising $8,067

  • 17 · Travel

    total $10,339 · program services $2,146 · management and general $7,688 · fundraising $505

  • 19 · Conferences, conventions and meetings

    total $24,437 · program services $9,694 · management and general $13,848 · fundraising $895

  • 20 · Interest

    total $79,046 · program services $17,652 · management and general $57,610 · fundraising $3,784

  • 22 · Depreciation, depletion and amortization

    total $316,525 · program services $70,683 · management and general $230,691 · fundraising $15,151

  • 23 · Insurance

    total $53,802 · program services $12,015 · management and general $39,212 · fundraising $2,575

  • 24a · Other expenses: EQUIPMENT

    total $97,339 · program services $21,737 · management and general $70,943 · fundraising $4,659

  • 24b · Other expenses: DUES TO OTHER ORGANIZAT

    total $46,350 · program services $16,557 · management and general $27,908 · fundraising $1,885

  • 24c · Other expenses: PROGRAM EXPENSE

    total $22,533 · program services $22,325 · management and general $195 · fundraising $13

  • 24d · Other expenses: SMALL & MINORITY BUSINE

    total $18,201 · program services $18,201

  • 24e · All other expenses

    total $60,289 · program services $54,683 · management and general $5,415 · fundraising $191

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,308,352 · end of year $3,817,509

  • 3 · Pledges and grants receivable

    beginning of year $2,420,920 · end of year $1,727,186

  • 4 · Accounts receivable

    beginning of year $4,162 · end of year $5,915

  • 10a · Land, buildings and equipment: cost or other basis

    $11,506,700

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,845,089

  • 10c · Land, buildings and equipment, net

    beginning of year $9,904,471 · end of year $9,661,611

  • 11 · Investments: publicly traded securities

    beginning of year $176,754,967 · end of year $155,590,773

  • 12 · Investments: other securities

    beginning of year $15,528,842 · end of year $14,054,997

  • 15 · Other assets

    beginning of year $2,691,634 · end of year $2,250,822

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,484 · end of year $35,804

  • 21 · Escrow or custodial account liability

    beginning of year $13,263,504 · end of year $4,627,546

  • 25 · Other liabilities

    beginning of year $3,729,763 · end of year $2,873,596

  • 27 · Net assets without donor restrictions

    beginning of year $15,879,644 · end of year $14,774,385

  • 28 · Net assets with donor restrictions

    beginning of year $180,730,953 · end of year $164,797,482

Mission and programs · 2022

Mission

THE SPARTANBURG COUNTY FOUNDATION IS COMMITTED TO IMPROVING THE LIVES OF SPARTANBURG COUNTY RESIDENTS BY PROMOTING PHILANTHROPY, ENCOURAGING COMMUNITY ENGAGEMENT, AND RESPONDING TO COMMUNITY NEEDS.

  • THE SPARTANBURG COUNTY FOUNDATION PARTNERS WITH INDIVIDUALS, FAMILIES, BUSINESSES, AND CORPORATIONS, NONPROFITS, AND PROFESSIONAL ADVISORS TO FOSTER CHANGE, SHARE KNOWLEDGE, CONVENE AROUND IMPORTANT ISSUES, AND MAXIMIZE IMPACT IN THE COMMUNITY. WE WORK DIRECTLY WITH DONORS TO FULFILL CHARITABLE GOALS BY PROVIDING A VARIETY OF CUSTOMIZED GIVING OPTIONS, HANDLING FUND ADMINISTRATION, AND OFFERING EXPERTISE ON CURRENT AND LOCAL NEEDS. IN 2022, THE FOUNDATION AWARDED 2,026 GRANTS TOTALING $16 MILLION TO IMPROVE THE LIVES OF SPARTANBURG COUNTY RESIDENTS. WE ENGAGED OVER 2,200 COMMUNITY MEMBERS THROUGH MEETINGS AND VISITS TO THE ROBERT HETT CHAPMAN III CENTER FOR PHILANTHROPY AND THROUGH THE FOLLOWING INITIATIVES: NONPROFIT CONNECT, NONPROFIT CAPACITY BUILDING BOOT CAMP, DONOR CONNECT, THE SPARTANBURG INTERFAITH ALLIANCE, GRASSROOTS LEADERSHIP DEVELOPMENT INSTITUTE AND ALUMNI ASSOCIATION, AND MINORITY BUSINESS CONNECT. THE FOUNDATION DEVELOPED AND LAUNCHED THREE NEW INITIATIVES: NONPROFIT CAPACITY BUILDING BOOT CAMP TO PROVIDE SMALL AND/OR NEW ORGANIZATIONS WITH THE FUNDAMENTALS OF OPERATING A NONPROFIT, MINORITY BUSINESS CONNECT TO INCREASE THE SOCIAL CAPITAL OF MINORITY BUSINESS OWNERS AND ENTREPRENEURS, AND THE HIGHLAND NEIGHBORHOOD LEADERSHIP DEVELOPMENT INSTITUTE TO EQUIP RESIDENT WITH THE TOOLS AND TRAINING NEEDED TO STRENGTHEN THEIR COLLECTIVE VOICE AND CREATE POSITIVE CHANGE IN THEIR NEIGHBORHOOD. ADDITIONALLY, THE FOUNDATION INTRODUCED A NEW GRANTMAKING STRATEGY FOCUSED ON THE CORE AREAS OF THE FOUNDATION'S VISION: QUALITY OF LIFE, ECONOMIC MOBILITY, AND EDUCATIONAL ACHIEVEMENT.

    Expenses $18,508,326 · Grants $17,797,591 · Revenue $2,232,028

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • BERT D BARRE

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • VIC BAILEY III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • CATHY H MCCABE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ERIKA MCJIMPSEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ROBERT RICHARDSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • SCOTT MONTGOMERY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • LEONARD STARKS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • TROY M HANNA

    PRESIDENT & CEO/ ASST. SEC

    Total calculated
    $230,483
    From this org
    $205,788
    From related orgs
    $0
    Other
    $24,695
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $205,788
    Bonus
    $0
    Other
    $0
    Deferred
    $24,695
    Nontaxable benefits
    $0
    Filer's total
    $230,483

  • MARY L THOMAS

    CHIEF OPERATING OFFICER

    Total calculated
    $205,352
    From this org
    $183,350
    From related orgs
    $0
    Other
    $22,002
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $183,350
    Bonus
    $0
    Other
    $0
    Deferred
    $22,002
    Nontaxable benefits
    $0
    Filer's total
    $205,352

  • RANDY F JONES

    CHIEF FINANCIAL OFFICER

    Total calculated
    $120,532
    From this org
    $107,618
    From related orgs
    $0
    Other
    $12,914
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Health or social club dues or initiation fees
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
THE FOUNDATION PROVIDES THE PRESIDENT AND CEO A MEMBERSHIP TO SPARTANBURG COUNTRY CLUB AND THE PIEDMONT CLUB, FOR DEVELOPMENT PURPOSES. ANY PERSONAL EXPENSES INCURRED ARE REIMBURSED TO THE FOUNDATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202333189349300033

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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