Greenwood County Community Foundation INC FY2023 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.
90¢ of each $1 spent went to programs.
$100K 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

FY2023 · 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
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$100K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
3 mo
of spending, in cash
Plus $23.1M in investments, Pt X · Ln 11–13
Looks good: 3.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$573K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.7M
-55% vs prior year
Spent
$1.6M
To programs
90%
Net assets
$23.2M
By yearFY2020–FY2025
Revenue
$4.7M
FY2023▼ -55%
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
$1.6M
FY2023▲ +45%
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
$23.2M
FY2023▲ +26%
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 FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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

90 cents of each dollar spent went to programs.

Program services 90% · $1.5M Management & general 8% · $137K Fundraising 2% · $29K

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

17 people listed on the 990; $100K paid to officers and key staff.

Part VII, Section A · reportable compensation
Former Exec
$99,905Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$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 · $1.3M · in their own filed words · FY2023
01

During the year, 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.

$1.3Mprogram 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.

$5Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$4.7M
Ln 12
Gifts and grantsLn 1h$3.7M
Investment incomeLn 3$884K
Fees for servicesLn 2g$86K
Money outPt IX
$1.6M
Ln 25
Programscol B$1.5M
Managementcol C$137K
Fundraisingcol D$29K
Owns and owesPt X
$23.2M
net assets · Ln 32
Cash and savingsLn 1–2$464K
Total assetsLn 16$23.8M
LiabilitiesLn 26$573K
PeoplePt VI, VII
17
listed · VII A
PaidVII A1
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.7M
Noncash giftsLn 1g$855K
Fees for servicesLn 2g$86K
Investment incomeLn 3$884K
Other incomeLn 4–11$11K
Gains on assetsLn 7$359K
Total revenueLn 12$4.7M
Assets in detailPt X, end of year
CashLn 1$464K
Cash and savings togetherLn 1–2$464K
InvestmentsLn 11–13$23.1M
Land, buildings, equipmentLn 10c$22K
Other assetsLn 15$187K
Total assetsLn 16$23.8M
LiabilitiesLn 26$573K
Net assetsLn 32$23.2M
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$855K
EndowmentSch D · Pt V
LineFY23FY22FY21FY20FY19
End of yearLn 1g$16.6M$13.1M$4.7M$4.3M$3.7M
Given inLn 1b$2.3M$9.5M$96K$170K$1.5M
SpentLn 1d–1f$697K$387K$128K$104K$78K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$240K$464K
InvestmentsLn 11–13$18.5M$23.1M
Land, buildings, equipmentLn 10c$29K$22K
Total assetsLn 16$19.0M$23.8M
LiabilitiesLn 26$543K$573K
Net assetsLn 32$18.5M$23.2M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.3M$1.3M
Pay of current officers, directors and key staffLn 5$100K$55K$38K$7K
Other salaries and wagesLn 7$40K$22K$15K$3K
Other employee benefitsLn 9$1K$721$498$91
Payroll taxesLn 10$11K$6K$4K$769
Accounting feesLn 11c$22K$22K
Investment management feesLn 11f$105K$105K
Other fees for servicesLn 11g$6K$6K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$19K$11K$5K$3K
Information technologyLn 14$1K$1K
OccupancyLn 16$12K$12K
TravelLn 17$2K$2K
Depreciation, depletion and amortizationLn 22$6K$207$6K
Other expenses (24a–d)Ln 24$37K$5K$15K$16K
All other expensesLn 24e$13K$3K$10K
Total functional expensesLn 25$1.6M$1.5M$137K$29K

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
FY2023 ViewingFiled 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
FY2021Filed 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 FY2023 990 (6 parts)
Part I · Summary $4,664,407 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $10,072,472$3,683,106
I-9 Program service revenuePrior year $83,925$85,698
I-10 Investment incomePrior year $262,175$884,423
I-11 Other revenue$11,180
I-12 Total revenuePrior year $10,418,572$4,664,407
I-13 Grants and similar amounts paidPrior year $794,597$1,262,338
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $149,300$152,306
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $191,652$227,291
I-18 Total expensesPrior year $1,135,549$1,641,935
I-19 Revenue less expensesPrior year $9,283,023$3,022,472
Part VI · Governance 15 of 15 board members independent, no flags
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
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 $4,664,407 across 8 lines filed
VIII-1f All other contributions, gifts and grants$3,683,106
VIII-1g Noncash contributions (included above)$855,061
VIII-1h Total contributions, gifts and grants$3,683,106
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $85,698$85,698
VIII-3 Investment incomeRelated to mission $525,442$525,442
VIII-7 Net gain or loss on sales of assetsRelated to mission $358,981$358,981
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $11,180$11,180
VIII-12 Total revenueRelated to mission $970,121 · Excluded from tax $11,180$4,664,407
Part IX · Statement of functional expenses $1,641,935 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $1,262,338$1,262,338
IX-5 Pay of current officers, directors and key staffPrograms $54,948 · Management $37,964 · Fundraising $6,993$99,905
IX-7 Other salaries and wagesPrograms $22,059 · Management $15,241 · Fundraising $2,807$40,107
IX-9 Other employee benefitsPrograms $721 · Management $498 · Fundraising $91$1,310
IX-10 Payroll taxesPrograms $6,041 · Management $4,174 · Fundraising $769$10,984
IX-11c Accounting feesManagement $22,433$22,433
IX-11f Investment management feesPrograms $104,829$104,829
IX-11g Other fees for servicesManagement $5,750$5,750
IX-12 Advertising and promotionPrograms $3,196$3,196
IX-13 Office expensesPrograms $11,441 · Management $5,284 · Fundraising $2,501$19,226
IX-14 Information technologyPrograms $1,384$1,384
IX-16 OccupancyManagement $11,886$11,886
IX-17 TravelManagement $2,435$2,435
IX-22 Depreciation, depletion and amortizationPrograms $207 · Management $6,253$6,460
IX-24 Other expenses (24a–d)Programs $5,496 · Management $15,206 · Fundraising $16,173$36,875
IX-24e All other expensesPrograms $3,194 · Management $9,623$12,817
IX-25 Total functional expensesPrograms $1,475,854 · Management $136,747 · Fundraising $29,334$1,641,935
Part X · Balance sheet $23,768,818 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $239,661$463,603
X-9 Prepaid expenses and deferred chargesStart of year $5,647$6,574
X-10c Land, buildings and equipment, netStart of year $28,853$22,433
X-11 Publicly traded securitiesStart of year $18,518,320$23,089,699
X-15 Other assetsStart of year $221,449$186,509
X-16 Total assetsStart of year $19,013,930$23,768,818
X-17 Accounts payable and accrued expensesStart of year $13,031$14,946
X-25 Other liabilitiesStart of year $529,969$558,289
X-26 Total liabilitiesStart of year $543,000$573,235
X-27 Net assets without donor restrictionsStart of year $5,392,244$6,525,853
X-28 Net assets with donor restrictionsStart of year $13,078,686$16,669,730
X-32 Total net assets or fund balancesStart of year $18,470,930$23,195,583
X-33 Total liabilities and net assetsStart of year $19,013,930$23,768,818
Part XI · Reconciliation of net assets $23,195,583 net assets at year end
XI-1 Total revenue$4,664,407
XI-2 Total expenses$1,641,935
XI-3 Revenue less expenses$3,022,472
XI-4 Net assets at start of year$18,470,930
XI-5 Net unrealized gains (losses) on investments$1,702,181
XI-10 Net assets at end of year$23,195,583

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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