Greenwood County Community Foundation INC FY2021 filing

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To inspire and encourage philanthropy which improves the lives of current and future residents of Greenwood County.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
$91K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $2.9M a year · 66% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$91K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
7 mo
of spending, in cash
Plus $10.9M in investments, Pt X · Ln 11–13
Looks good: 6.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$551K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.3M
+114% vs prior year
Spent
$1.1M
To programs
86%
Net assets
$11.1M
By yearFY2020–FY2025
Revenue
$2.3M
FY2021▲ +114%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.1M
FY2021$2.3M
FY2022$10.4M
FY2023$4.7M
FY2024$2.9M
FY2025$4.4M
Expenses
$1.1M
FY2021▲ +35%
Tap a bar for its year
Expenses by fiscal year
FY2020$787K
FY2021$1.1M
FY2022$1.1M
FY2023$1.6M
FY2024$2.0M
FY2025$2.1M
Net assets
$11.1M
FY2021▲ +17%
Tap a bar for its year
Net assets by fiscal year
FY2020$9.5M
FY2021$11.1M
FY2022$18.5M
FY2023$23.2M
FY2024$25.5M
FY2025$29.9M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2009.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $916K Management & general 12% · $130K Fundraising 1% · $14K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990; $91K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$91,487Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Stephen D Baggett JR’s $100K as Executive Di is at the 19th percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Stephen D Baggett JR$100,000$33,333————
Jeff Smith—$67,468$99,905$94,250$91,487$92,737

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Greenwood County Community Foundation INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Inspires and encourages donations to improve Greenwood County residents' lives.

Questions for Greenwood County Community Foundation INC

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2 programs · $725K · in their own filed words · FY2021
01

During 2021, the foundation provided grants to over 50 organizations. Over half of the organizations were local while approximately a third were regional. The remainder were natonal or international. Each organization received grants from either donor advised funds, designated funds, field of interest funds, or unrestricted funds.

$721Kprogram expense
02

The foundation launched an initative in 2017 called greenwood women care. This initiative engages community focused women to collectively learn,give, and grow together. The overall goal of greenwood women care is to provide opportunity for personal growth and to improve the quality of life for everyone in greenwood county.

$4Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 177 grants · $6.4M · 2020–2025
Hospicecare Foundation of the PiedFY2025$355,940
MiscFY2025$253,739
Project Hope FoundationFY2025$140,000
Individual RecipientFY2025$110,000
Set Freewater of LifeFY2025$100,300
Individual RecipientFY2025$70,500
Gwd Global Methodist ChurchFY2025$50,000
Piedmont Agency on AgingFY2025$50,000
Connie Maxwell Childrens MinistriesFY2025$36,250
Rock Presbyterian ChurchFY2025$30,100
Blessed 2 Bless U MinistriesFY2025$30,000
Greater Gwd United WayFY2025$28,600
Food Bank of Gwd CountyFY2025$25,000
Individual RecipientFY2025$24,000
The Salvation Army of GwdFY2025$19,000
First Presbyterian ChurchFY2025$17,500
Gwd Community TheaterFY2025$16,500
Individual RecipientFY2025$12,250
See all 177 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$2.3M
Ln 12
Gifts and grantsLn 1h$1.5M
Investment incomeLn 3$744K
Fees for servicesLn 2g$92K
Money outPt IX
$1.1M
Ln 25
Programscol B$916K
Managementcol C$130K
Fundraisingcol D$14K
Owns and owesPt X
$11.1M
net assets · Ln 32
Cash and savingsLn 1–2$590K
Total assetsLn 16$11.7M
LiabilitiesLn 26$551K
PeoplePt VI, VII
15
listed · VII A
PaidVII A1
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.5M
Noncash giftsLn 1g$691K
Fees for servicesLn 2g$92K
Investment incomeLn 3$744K
Other incomeLn 4–11$10K
Gains on assetsLn 7$527K
Total revenueLn 12$2.3M
Assets in detailPt X, end of year
CashLn 1$590K
Cash and savings togetherLn 1–2$590K
Prepaid expenses and deferred chargesLn 9$5K
Land, buildings, equipmentLn 10c$35K
InvestmentsLn 11–13$10.9M
Other assetsLn 15$123K
Total assetsLn 16$11.7M
LiabilitiesLn 26$551K
Net assetsLn 32$11.1M
OperationsPt I, VI
EmployeesI 55
VolunteersI 625
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$691K
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$101K
Share of the $4.7M endowmentSch D 1g2.2%
Typical, median of 2,202 orgs0.44%
EndowmentSch D · Pt V
LineFY21FY20FY19FY18FY17
End of yearLn 1g$4.7M$4.3M$3.7M$1.9M$4.9M
Given inLn 1b$96K$170K$1.5M$530K$266K
SpentLn 1d–1f$128K$104K$78K$65K$210K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$858K$590K
InvestmentsLn 11–13$8.8M$10.9M
Land, buildings, equipmentLn 10c$42K$35K
Total assetsLn 16$9.8M$11.7M
LiabilitiesLn 26$299K$551K
Net assetsLn 32$9.5M$11.1M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$721K$721K
Pay of current officers, directors and key staffLn 5$91K$50K$35K$6K
Other salaries and wagesLn 7$40K$22K$15K$3K
Other employee benefitsLn 9$2K$929$641$118
Payroll taxesLn 10$10K$6K$4K$704
Accounting feesLn 11c$25K$25K
Investment management feesLn 11f$101K$101K
Other fees for servicesLn 11g$6K$6K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$16K$11K$4K$1K
Information technologyLn 14$1K$1K
OccupancyLn 16$6K$6K
TravelLn 17$861$861
Depreciation, depletion and amortizationLn 22$6K$206$6K
Other expenses (24a–d)Ln 24$23K$4K$15K$3K
All other expensesLn 24e$8K$8K
Total functional expensesLn 25$1.1M$916K$130K$14K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 15, 2026 $4.4M$2.1M$2.3M$29.9M 990 PDF
FY2024Filed with the IRS Nov 17, 2025 $2.9M$2.0M$923K$25.5M 990 PDF
FY2023Filed with the IRS Apr 22, 2025 $4.7M$1.6M$3.0M$23.2M 990 PDF
FY2022Filed with the IRS Aug 9, 2023 $10.4M$1.1M$9.3M$18.5M 990 PDF
FY2021 ViewingFiled with the IRS Oct 17, 2022 $2.3M$1.1M$1.3M$11.1M 990 PDF
FY2020Filed with the IRS Jun 28, 2021 $1.1M$787K$309K$9.5M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $2,341,557 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $735,077$1,495,393
I-9 Program service revenuePrior year $68,588$91,863
I-10 Investment incomePrior year $291,545$743,971
I-11 Other revenue$10,330
I-12 Total revenuePrior year $1,095,210$2,341,557
I-13 Grants and similar amounts paidPrior year $490,886$720,527
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $145,572$143,234
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $150,243$196,656
I-18 Total expensesPrior year $786,701$1,060,417
I-19 Revenue less expensesPrior year $308,509$1,281,140
Part VI · Governance 14 of 14 board members independent, no flags
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,341,557 across 8 lines filed
VIII-1f All other contributions, gifts and grants$1,495,393
VIII-1g Noncash contributions (included above)$690,854
VIII-1h Total contributions, gifts and grants$1,495,393
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $91,863$91,863
VIII-3 Investment incomeRelated to mission $217,163$217,163
VIII-7 Net gain or loss on sales of assetsRelated to mission $526,808$526,808
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $10,330$10,330
VIII-12 Total revenueRelated to mission $835,834 · Excluded from tax $10,330$2,341,557
Part IX · Statement of functional expenses $1,060,417 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $720,527$720,527
IX-5 Pay of current officers, directors and key staffPrograms $50,318 · Management $34,765 · Fundraising $6,404$91,487
IX-7 Other salaries and wagesPrograms $22,000 · Management $15,200 · Fundraising $2,800$40,000
IX-9 Other employee benefitsPrograms $929 · Management $641 · Fundraising $118$1,688
IX-10 Payroll taxesPrograms $5,532 · Management $3,823 · Fundraising $704$10,059
IX-11c Accounting feesManagement $24,649$24,649
IX-11f Investment management feesPrograms $101,355$101,355
IX-11g Other fees for servicesManagement $5,500$5,500
IX-12 Advertising and promotionManagement $3,940$3,940
IX-13 Office expensesPrograms $10,584 · Management $3,966 · Fundraising $1,167$15,717
IX-14 Information technologyManagement $1,350$1,350
IX-16 OccupancyManagement $5,933$5,933
IX-17 TravelManagement $861$861
IX-22 Depreciation, depletion and amortizationPrograms $206 · Management $6,252$6,458
IX-24 Other expenses (24a–d)Programs $4,471 · Management $15,319 · Fundraising $2,865$22,655
IX-24e All other expensesManagement $8,238$8,238
IX-25 Total functional expensesPrograms $915,922 · Management $130,437 · Fundraising $14,058$1,060,417
Part X · Balance sheet $11,677,244 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $858,043$589,712
X-9 Prepaid expenses and deferred chargesStart of year $5,720$4,522
X-10c Land, buildings and equipment, netStart of year $41,772$35,352
X-11 Publicly traded securitiesStart of year $8,839,803$10,925,108
X-15 Other assetsStart of year $54,700$122,550
X-16 Total assetsStart of year $9,800,038$11,677,244
X-17 Accounts payable and accrued expensesStart of year $18,933$26,299
X-25 Other liabilitiesStart of year $280,121$525,121
X-26 Total liabilitiesStart of year $299,054$551,420
X-27 Net assets without donor restrictionsStart of year $5,201,184$6,412,686
X-28 Net assets with donor restrictionsStart of year $4,299,800$4,713,138
X-32 Total net assets or fund balancesStart of year $9,500,984$11,125,824
X-33 Total liabilities and net assetsStart of year $9,800,038$11,677,244
Part XI · Reconciliation of net assets $11,125,824 net assets at year end
XI-1 Total revenue$2,341,557
XI-2 Total expenses$1,060,417
XI-3 Revenue less expenses$1,281,140
XI-4 Net assets at start of year$9,500,984
XI-5 Net unrealized gains (losses) on investments$343,700
XI-10 Net assets at end of year$11,125,824

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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