GREENVILLE TECH FOUNDATION INC
A Golden Legacy. A Limitless Future. Education Empowers Everyone.
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GREENVILLE TECH FOUNDATION INC
EIN: 57-0565961
as of November 2023
as of November 13, 2023
Mission
Greenville Tech Foundation supports Greenville Technical College’s mission to transform students’ lives and help our community thrive by providing a world-class, affordable education to students and building an educated, engaged workforce committed to life-long learning. The Greenville Tech Foundation, founded in 1973, is the nonprofit operating for the benefit of the college and its students. Greenville Technical College (GTC), founded in 1962, is one of the largest, regionally-accredited two-year colleges in SC. GTC offers over 100 degree and certificate programs, serving 25,000 students annually. GTC is recognized as a world-class learning institution where students from all backgrounds and life stages find flexible career and educational opportunities of the highest quality and value.
Ruling year
1974
Vice President for Advancement
Ms. Ann Wright
Foundation Manager
Ms. Ginger Mauney
Main address
Mail Stop 6002 P O Box 5616
Greenville, SC 29606 USA
EIN
57-0565961
Education
Population served
Adults
Economically disadvantaged people
Unemployed people
Students
Veterans
NTEE code
Fund Raising and/or Fund Distribution (B12)
IRS subsection
501(c)(3) Public Charity
IRS filing requirement
This organization is required to file an IRS Form 990 or 990-EZ.
Tax forms
Communication
Affiliations
Programs and results
Reports and documents
Download annual reports Download other documentsWhat we aim to solve
Greenville Tech Foundation supports Greenville Technical College’s mission to transform students’ lives and help our community thrive by providing a world-class, affordable education to students and building an educated, engaged workforce committed to life-long learning. Greenville Tech Foundation was established solely to assist Greenville Technical College to provide a quality college education at modest costs to its students and to reduce their barriers to higher education. The Foundation acquires its funding through charitable contributions from businesses, industries, foundations, organizations and individuals. Funding is used to support the College's programs and support to students through scholarships and assistance with emergency needs.
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
In Kind Equipment for Greenville Technical College Programs
In Kind Equipment for Greenville Technical College Programs
Purchased Equipment for College Programs
Purchased Equipment for College Programs
Program Support for Greenville Technical College
Program Support for Greenville Technical College
Scholarship and Emergency Needs Support for Students at Greenville Technical College
Scholarship and Emergency Needs Support for Students at Greenville Technical College
Where we work
Awards
Upstate Diversity Leadership Award for Outstanding Nonprofit 2022
Riley Institute at Furman University
External reviews
Our results
How does this organization measure their results? It's a hard question but an important one.
Number of academic scholarships awarded
This metric is no longer tracked.Totals By Year
Population(s) Served
Adults
Related Program
Scholarship and Emergency Needs Support for Students at Greenville Technical College
Type of Metric
Output - describing our activities and reach
Direction of Success
Increasing
Total dollar amount of scholarship awarded
This metric is no longer tracked.Totals By Year
Population(s) Served
Adults
Related Program
Scholarship and Emergency Needs Support for Students at Greenville Technical College
Type of Metric
Output - describing our activities and reach
Direction of Success
Increasing
Number of students receiving emergency needs assistance
This metric is no longer tracked.Totals By Year
Population(s) Served
Adults, Economically disadvantaged people
Related Program
Scholarship and Emergency Needs Support for Students at Greenville Technical College
Type of Metric
Output - describing our activities and reach
Direction of Success
Increasing
Context Notes
Number of students who received emergency needs assistance. Our goal is to assist 100% of students who qualify for assistance. In 2020, we assisted 100% of qualified students totaling $55,477.
Goals & Strategy
Learn about the organization's key goals, strategies, capabilities, and progress.
Charting impact
Four powerful questions that require reflection about what really matters - results.
What is the organization aiming to accomplish?
1) Raise $1.8 million in 2020 to assist Greenville Technical College and its students.
2) Undertake additional funding for Greenville Technical College as requested and as appropriate.
3) Provide professional stewardship of funds received from donors.
What are the organization's key strategies for making this happen?
1) Solicitations of individuals, corporations, businesses, foundations, and organizations.
2) Annual major fundraising event (Workforce Development Salute).
3) Annual faculty/staff fundraising campaign.
4) Contacts and information provided to donors.
5) 100% Board giving and achieving Board Campaign goal
What are the organization's capabilities for doing this?
We believe we have the capabilities to achieve our goals. Our staff and board provide experience, expertise and leadership. Both the Foundation and the College have excellent reputations in the community.
What have they accomplished so far and what's next?
1) Success historically raising money to achieve our goals. Over the past decade the Foundation has raised approximately $30 million.
2) Ability to respond appropriately to requests made by the College. Our working relationship is excellent.
3) We have not yet obtained the number of will appointments and planned gifts we hope to receive.
How we listen
Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.
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How is your organization using feedback from the people you serve?
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Which of the following feedback practices does your organization routinely carry out?
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What challenges does the organization face when collecting feedback?
Financials
Financial documents
Download audited financialsRevenue vs. expenses: breakdown
Liquidity in 2022 info
2.35
Months of cash in 2022 info
18.2
Fringe rate in 2022 info
30%
Funding sources info
Assets & liabilities info
Financial data
GREENVILLE TECH FOUNDATION INC
Balance sheetFiscal Year: Jan 01 - Dec 31
The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.
Fiscal Year: Jan 01 - Dec 31
This snapshot of GREENVILLE TECH FOUNDATION INC’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.
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Business model indicators
| Profitability info | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Unrestricted surplus (deficit) before depreciation | $2,411,908 | $2,029,477 | $337,930 | $2,403,294 | $1,847,749 |
| As % of expenses | 63.9% | 37.4% | 6.5% | 36.4% | 28.7% |
| Unrestricted surplus (deficit) after depreciation | $1,715,927 | $1,305,650 | -$471,292 | $1,545,282 | $1,347,147 |
| As % of expenses | 38.4% | 21.2% | -7.8% | 20.7% | 19.4% |
| Revenue composition info | |||||
|---|---|---|---|---|---|
| Total revenue (unrestricted & restricted) | $8,538,184 | $7,151,880 | $5,236,305 | $8,773,055 | $10,842,681 |
| Total revenue, % change over prior year | 35.5% | -16.2% | -26.8% | 67.5% | 23.6% |
| Program services revenue | 35.0% | 45.5% | 50.8% | 29.4% | 13.7% |
| Membership dues | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Investment income | 4.7% | 6.0% | 7.6% | 3.9% | 5.9% |
| Government grants | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| All other grants and contributions | 40.4% | 42.3% | 31.1% | 53.7% | 42.5% |
| Other revenue | 20.0% | 6.3% | 10.5% | 13.0% | 37.9% |
| Expense composition info | |||||
|---|---|---|---|---|---|
| Total expenses before depreciation | $3,776,345 | $5,421,781 | $5,223,982 | $6,598,662 | $6,432,712 |
| Total expenses, % change over prior year | -22.8% | 43.6% | -3.6% | 26.3% | -2.5% |
| Personnel | 10.1% | 7.3% | 6.3% | 5.8% | 6.6% |
| Professional fees | 4.6% | 2.0% | 2.6% | 3.5% | 4.0% |
| Occupancy | 0.0% | 0.0% | 4.3% | 5.8% | 7.6% |
| Interest | 20.1% | 14.0% | 12.4% | 9.5% | 6.4% |
| Pass-through | 12.9% | 10.6% | 10.2% | 8.7% | 13.2% |
| All other expenses | 52.3% | 66.1% | 64.2% | 66.8% | 62.1% |
| Full cost components (estimated) info | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Total expenses (after depreciation) | $4,472,326 | $6,145,608 | $6,033,204 | $7,456,674 | $6,933,314 |
| One month of savings | $314,695 | $451,815 | $435,332 | $549,889 | $536,059 |
| Debt principal payment | $670,068 | $693,068 | $645,786 | $761,068 | $8,315,415 |
| Fixed asset additions | $0 | $0 | $1,787,078 | $0 | $0 |
| Total full costs (estimated) | $5,457,089 | $7,290,491 | $8,901,400 | $8,767,631 | $15,784,788 |
Capital structure indicators
| Liquidity info | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Months of cash | 18.4 | 15.8 | 12.5 | 9.2 | 18.2 |
| Months of cash and investments | 55.0 | 47.9 | 49.5 | 47.0 | 50.2 |
| Months of estimated liquid unrestricted net assets | 4.0 | 8.7 | 4.3 | 6.9 | 14.0 |
| Balance sheet composition info | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Cash | $5,780,045 | $7,156,646 | $5,461,638 | $5,063,574 | $9,748,578 |
| Investments | $11,537,521 | $14,479,732 | $16,070,718 | $20,800,026 | $17,143,664 |
| Receivables | $2,811,861 | $2,203,617 | $2,090,323 | $447,255 | $2,069,940 |
| Gross land, buildings, equipment (LBE) | $36,723,686 | $35,773,248 | $37,967,153 | $38,067,202 | $20,728,393 |
| Accumulated depreciation (as a % of LBE) | 35.0% | 39.1% | 40.0% | 43.2% | 47.1% |
| Liabilities (as a % of assets) | 42.6% | 41.9% | 41.3% | 35.5% | 25.7% |
| Unrestricted net assets | $8,686,170 | $9,991,820 | $9,520,528 | $11,065,810 | $12,412,957 |
| Temporarily restricted net assets | $6,387,700 | N/A | N/A | N/A | N/A |
| Permanently restricted net assets | $10,318,765 | N/A | N/A | N/A | N/A |
| Total restricted net assets | $16,706,465 | $17,565,132 | $17,890,715 | $20,077,392 | $20,706,269 |
| Total net assets | $25,392,635 | $27,556,952 | $27,411,243 | $31,143,202 | $33,119,226 |
Key data checks
| Key data checks info | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Material data errors | No | No | No | No | No |
Operations
The people, governance practices, and partners that make the organization tick.
Documents
Vice President for Advancement
Ms. Ann Wright
Ann Wright joined the staff of the Greenville Tech Foundation in February 2017, and serves as vice president for advancement. For the three previous decades she served at the American Red Cross, starting as an assistant chapter manager and director of emergency services. She became executive director and in 2014 chief operating officer, serving the South Carolina region. She led a $2.7 million capital campaign to renovate and expand Red Cross headquarters in Greenville and developed a shared donor database management program that has been adopted nationwide.
Past-president of the Leadership Greenville Alumni Association, she has been active with the Greenville Professional Women’s Forum, the Non-Profit Alliance, and the South Carolina Association of Non-Profit Organizations. She received a Distinguished Leadership Award from the National Association for Community Leadership and a Women Making History award for Health and Public Service from the Greenville Cultural Exchange Center.
Foundation Manager
Ginger Mauney
Ginger Mauney was promoted to the position of Foundation Manager in February 2020 after five years at the Greenville Tech Foundation in an administrative role. As Foundation Manager, Ginger is responsible for managing the scholarship award process. Prior to her work at the Foundation, she served in leadership capacities at the Upstate SC Chapter of the American Red Cross. She is a 1987 graduate of Furman University.
Number of employees
Source: IRS Form 990
GREENVILLE TECH FOUNDATION INC
Officers, directors, trustees, and key employeesSOURCE: IRS Form 990
Compensation data
There are no highest paid employees recorded for this organization.
GREENVILLE TECH FOUNDATION INC
Board of directorsas of 10/12/2023
Board of directors data
Mr. J. David Sudduth
Healthy Me, Healthy SC
Term: 2019 - 2024
Mr. Chad Cousins
McMillan Pazden Smith
Term: 2019 - 2024
Stacy Brandon
Immediate Past Chair, Bank of America
Lynn Faust
Stifel
Kim Howard
Lockheed Martin
Steve Hall
Find Great People International
Luke Hardaway
Vermeer MV Solutions
Dmitry Kopytin
Project Integration
Mike McCormick
Palmetto Manufacturing Partners
Neetu Patel
Sycamore Investments
Tiffany Santagati
Greenville Housing Fund
J. David Sudduth
Chair, Healthy Me, Healthy SC
Jim Benson
Life and Emeritus Member, Benson Automotive
Ralph Hendricks
Life and Emeritus Member, Deceased, Hendricks Properties, Inc.
S. Hunter Howard, Jr.
Life and Emeritus Member, Retired, Scott and Company, LLC
Douglass Kondra
Life and Emeritus Member, Deceased, Retired
James Morton, Jr.
Life and Emeritus Member, Retired
James Ryan, Jr.
Life and Emeritus Member, Retired
Nell Stewart
Life and Emeritus Member, Deceased, Stewart's Unlimited, Inc.
Claude Theisen
Life and Emeritus Member, T & S Brass and Bronze Works, Inc.
Charles Warne
Life and Emeritus Member, Hewitt, Coleman Associates
Ray Lattimore
Ex Officio Member, Chair, Greenville Technical College Area Commission
Keith Miller
Ex Officio Member, President, Greenville Technical College
Ann Wright
Ex Officio Member, Vice President for Advancement, Greenville Tech Foundation
Chad Cousins
Vice Chair, McMillan Pazden Smith
Drew Boland
Secretary/Treasurer, Truist
Kimberly Bailey
Brasfield-Gorrie
Lisa Davies
Fluor
Tavia CM Gaddy
Greenville Area Development Corporation
Jenna Hendricks
Solicitor's Office, Hendricks Foundation
Kay Hill
Furman Captial
Katie Howell
The Daniel-Mickel Foundation
Jon Joffe
PRISMA Health
Keith Poole
Trehel Corporation
Steve Smith
CBRE
Mike Snively
AT-NET Services
Board leadership practices
GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.
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Board orientation and education
Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes -
CEO oversight
Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes -
Ethics and transparency
Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes -
Board composition
Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes -
Board performance
Has the board conducted a formal, written self-assessment of its performance within the past three years? No
Organizational demographics
Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.
Leadership
The organization's leader identifies as:
The organization's co-leader identifies as:
Race & ethnicity
Gender identity
Sexual orientation
Disability
Contractors
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