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EIN 20-8115548

SmartBank Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Chattanooga
State
Tennessee
Year formed
2009
Most recent tax filings
2023-12-01
NTEE code, primary
T21: Corporate foundations
Description
The SmartBank Foundation is a corporate foundation located in Chattanooga, TN. Its purpose is to provide investment income to further its mission of helping schools purchase property, providing scholarships for students in Sevier County, and developing positive learning skills and values. Grantees include Purpose Point Learning Academy and others, and the foundation made three grants last year.
Also known as...
Cornerstone Bancshares Foundation
Total revenues
$15,145
2023
Total expenses
$52,949
2023
Total assets
$224,304
2023
Num. employees
0
2023

Program areas at SmartBank Foundation

Investment income to help further the mission of the Foundation
Investment income to help further the mission of the Foundation
Investment income to help further the mission of the Foundation

Grants made by SmartBank Foundation

GranteeGrant descriptionAmount
Sevier County Partners in Progress Education FoundationDonation To the Partners in Progress Benefiting the Sevier County Partners in Progress Education Foundation. the Foundation Awards Scholarships for Students To Take Dual Enrollment Classes at Walters State Community College While Attending One of the Sevier County High Schools. Once They Have Graduated and Have Successfully Completed 60 Hours at WSCC, They Are Eligible To Receive Up To $3,000 Per Semester for 4 Semesters To Enable Them To Obtain A 4-year Degree From Etsu in Sevierville.$5,000

Personnel at SmartBank Foundation

NameTitleCompensation
Billy CarrollPresident$0

Financials for SmartBank Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Investment income and dividends$8,457
Net rental income$0
Net gain from sale of non-inventory assets$6,688
Gross sales of inventory$0
Miscellaneous revenues$0
Total revenues$15,145

Form 990s for SmartBank Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-04-15990PFView PDF
2022-122023-05-16990PFView PDF
2021-122022-05-13990PFView PDF
2020-122021-06-17990PFView PDF
2019-122020-10-13990PRView PDF
...and 8 more Form 990s
Data update history
May 18, 2024
Used new vendors
Identified 1 new vendor, including
November 25, 2023
Posted financials
Added Form 990PF for fiscal year 2021
July 20, 2023
Posted financials
Added Form 990PF for fiscal year 2022
October 22, 2021
Posted financials
Added Form 990PF for fiscal year 2020
August 18, 2021
Posted financials
Added Form 990R for fiscal year 2019
Nonprofit Types
Grantmaking organizationsPrivate foundationsCorporate foundationsPrivate non-operating foundationsCharities
Issues
Education
Characteristics
Provides grantsPartially liquidatedState / local levelTax deductible donationsNo full-time employees
General information
Address
835 Georgia Ave
Chattanooga, TN 37402
Metro area
Chattanooga, TN-GA
County
Hamilton County, TN
Website URL
thecornerstonefoundation.org/ 
Phone
(423) 385-3097
IRS details
EIN
20-8115548
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
2009
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T21: Corporate foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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