Overview
What is Spartanburg County Foundation?
The Spartanburg County Foundation is a charitable organization based in Spartanburg, South Carolina, with a workforce of 25 dedicated individuals. They partner with various entities to foster change, share knowledge, and maximize impact within the community. Through customized giving options, fund administration, and expertise on local needs, the Foundation helps individuals and organizations fulfill their charitable goals. In 2022, they awarded over 2,000 grants amounting to $16 million, improving the lives of Spartanburg County residents. Engaging over 2,200 community members, they offer initiatives like Nonprofit Connect, Capacity Building Boot Camp, Donor Connect, Spartanburg Interfaith Alliance, Grassroots Leadership Development Institute and Alumni Association, and Minority Business Connect. Three new initiatives were launched: Nonprofit Capacity Building Boot Camp, Minority Business Connect, and the Highland Neighborhood Leadership Development Institute. The Foundation's vision focuses on Quality of Life, Economic Mobility, and Educational Achievement.
Official website here: www.spcf.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 99%, Four-Star out of Four Star rating.
The Spartanburg County Foundation has received an impressive 99% score, highlighting its strong accountability and financial health. With a perfect score in accountability and finance, the organization boasts a fully independent board of seven members and has no material diversion of assets. Its commitment to transparency is reflected in its comprehensive policies and the thorough distribution of financial statements.
Strengths of the foundation include a high program expense ratio of 86.40%, indicating that a significant portion of its funds is directed towards its programs rather than administrative costs. The organization also excels in collecting and utilizing constituent feedback, scoring 100 out of 100 in this area. This responsiveness demonstrates a commitment to community engagement and improvement.
However, there are areas for growth, particularly regarding equity strategies, where it scored 87 out of 100. While the foundation has a solid foundation in equity data and policies, there may be room for enhancement in implementing these strategies effectively. Overall, Spartanburg County Foundation is highly rated and recognized for its effective management and community focus.
This AI summary has been generated from information found on Charity Navigator.
Is Spartanburg County Foundation legitimate?
Spartanburg County Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Spartanburg County Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $496,756
Professional Fundraising Fees: $0
Other Salaries and Wages: $657,670
For more financial information, click here
Official website here: www.spcf.org
What is the mission statement of Spartanburg County Foundation?
The Spartanburg County Foundation works to enhance the lives of local residents by encouraging philanthropy, fostering community engagement, and addressing community needs. They collaborate with individuals, families, businesses, corporations, nonprofits, and professional advisors to bring about change and maximize impact in the community. In 2022, they granted $16 million to over 2,000 organizations, engaging over 2,200 community members through various initiatives. Some of these initiatives include Nonprofit Capacity Building Boot Camp, Minority Business Connect, and the Spartanburg Interfaith Alliance. The Foundation launched three new initiatives: Nonprofit Capacity Building Boot Camp, Minority Business Connect, and the Highland Neighborhood Leadership Development Institute. They also adopted a new grantmaking strategy focusing on improving quality of life, economic mobility, and educational achievement.
Official website here: www.spcf.org
Who is the CEO of Spartanburg County Foundation?
Troy M Hanna is the Vice Chair of Spartanburg County Foundation. The CEO's salary of Spartanburg County Foundation is $205,788 and their total compensation is $230,483.
Official website here: www.spcf.org
What is the revenue of Spartanburg County Foundation?
Spartanburg County Foundation's revenue in 2022 was $21,477,572.
Official website here: www.spcf.org
Who are the executives of Spartanburg County Foundation and what are their salaries?
The average compensation at Spartanburg County Foundation during 2022 was $46,177. There are 25 employees and 95 volunteers at Spartanburg County Foundation.
Here are 10 key members and their salaries (Spartanburg County Foundation's CEO's salary is $205,788 and their total compensation is $230,483):
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $205,788
- Related: $0
- Other: $24,695
- Compensation: $183,350
- Related: $0
- Other: $22,002
- Compensation: $107,618
- Related: $0
- Other: $12,914
Official website here: www.spcf.org
Where can I find the form 990 for Spartanburg County Foundation?
Spartanburg County Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.spcf.org
Learn more at the official website: www.spcf.org
Mission Statement of Spartanburg County Foundation
The Spartanburg County Foundation is a dedicated organization that strives to enhance the lives of Spartanburg County residents by promoting philanthropy, encouraging community engagement, and addressing community needs. This philanthropic institution partners with individuals, families, businesses, corporations, nonprofits, and professional advisors, fostering change and maximizing impact in the community.
By working directly with donors, the Foundation fulfills charitable goals through various customized giving options and expert guidance on current local needs. In 2022, the Foundation awarded 2,026 grants totaling $16 million to initiatives that aim to improve the quality of life, economic mobility, and educational achievement of Spartanburg County residents.
The Spartanburg County Foundation's commitment to community engagement is evident through its role as a convener, bringing together individuals and organizations around important issues. The organization's initiatives include Nonprofit Connect, Nonprofit Capacity Building Boot Camp, Donor Connect, the Spartanburg Interfaith Alliance, Grassroots Leadership Development Institute and Alumni Association, and Minority Business Connect.
In addition to its existing initiatives, the Foundation launched three new programs in 2022: the Nonprofit Capacity Building Boot Camp, which provides small and new organizations with the fundamentals of operating a nonprofit; Minority Business Connect, which increases the social capital of minority business owners and entrepreneurs; and the Highland Neighborhood Leadership Development Institute, which equips residents with the tools and training needed to strengthen their collective voice and create positive change in their neighborhood.
The Spartanburg County Foundation's innovative approach to grantmaking focuses on supporting initiatives that address the core areas of its vision: quality of life, economic mobility, and educational achievement. Through its partnerships and initiatives, the Foundation is dedicated to creating a thriving community where all residents can reach their full potential.
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Impact
October, 2024
The Spartanburg County Foundation significantly enhances the lives of residents by fostering a culture of philanthropy, encouraging community involvement, and addressing local needs effectively. In 2022 alone, it awarded 2,026 grants totaling $16 million, directly impacting the community.
Engaging with over 2,200 locals through initiatives like the Spartanburg County Foundation CONNECT and the Capacity Building Boot Camp, the Foundation brings people together to address important issues. By collaborating with various stakeholders, including families, businesses, and professional advisors, it creates a network focused on driving meaningful change.
Three new initiatives launched recently are specifically designed to empower community members and organizations: the Capacity Building Boot Camp supports small or newly established organizations, Minority Business Connect enhances the social resources of minority entrepreneurs, and the Highland Neighborhood Leadership Development Institute equips residents with tools to amplify their collective voice for positive community transformations.
Furthermore, the Foundation's updated grantmaking strategy concentrates on crucial areas such as quality of life, economic mobility, and educational achievement, ensuring that its efforts align with the broader vision for a thriving Spartanburg County.
This information is meant to be a general summary of Spartanburg County Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,739,905
- Gross Receipts: $21,556,964
Assets and Liabilities:
- Total Assets: $187,108,813
- Total Liabilities: $7,536,946
- Net Assets: $179,571,867
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Organization Details
Founding Year
1943
Phone
(864) 582-0138Principal Officer
Troy M Hanna
Main Address
424 E KENNEDY STREET, SPARTANBURG, SC, 29302
Website
www.spcf.orgNTEE Category
Code: T310 - Philanthropy
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