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EIN 56-2002871

Southern Bank Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Mount Olive
State
North Carolina
Year formed
1997
Most recent tax filings
2023-12-01
NTEE code, primary
T20: Private Foundations
Description
The Southern Bank Foundation is a private foundation located in Mount Olive, NC. Last year, the foundation awarded $801,056 in grants. Some of the foundation's grantees include Albemarle Development Corporation.
Total revenues
$1,829,801
2023
Total expenses
$989,106
2023
Total assets
$15,850,644
2023
Num. employees
0
2023

Program areas at Southern Bank Foundation

Income tax overpayment refunded to Foundation during tax year

Grants made by Southern Bank Foundation

GranteeGrant descriptionAmount
City of Refuge FoundationGeneral Operations and Support$50,000
Hospice House of Hampton RoadsGeneral Operations and Support$25,000
Wilmington Area Rebuilding MinistryGeneral Operations and Support$25,000
...and 59 more grants made totalling $478,507

Personnel at Southern Bank Foundation

NameTitleCompensation
David L SaulsTreasurer$0

Financials for Southern Bank Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Investment income and dividends$851,983
Net rental income$0
Net gain from sale of non-inventory assets$976,878
Gross sales of inventory$0
Miscellaneous revenues$940
Total revenues$1,829,801

Form 990s for Southern Bank Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-15990PFView PDF
2022-122023-11-14990PFView PDF
2021-122022-11-14990PFView PDF
2020-122021-11-12990PFView PDF
2019-122021-05-10990PFView PDF
...and 8 more Form 990s
Data update history
January 8, 2025
Posted financials
Added Form 990PF for fiscal year 2023
January 3, 2025
Used new vendors
Identified 1 new vendor, including
January 22, 2024
Updated personnel
Identified 2 new personnel
January 15, 2024
Posted financials
Added Form 990PF for fiscal year 2022
November 25, 2023
Posted financials
Added Form 990PF for fiscal year 2021
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
Issues
No issues found
Characteristics
Provides grantsPartially liquidatedState / local levelTax deductible donationsNo full-time employees
General information
Address
PO Box 729
Mount Olive, NC 28365
Metro area
Goldsboro, NC
County
Wayne County, NC
Phone
(919) 658-7000
IRS details
EIN
56-2002871
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
1997
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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