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EIN 56-2002871

Southern Bank Foundation

IRS 501(c) type
501(c)(3)
Num. employees
Unknown
City
Mount Olive
State
North Carolina
Year formed
1997
Most recent tax filings
2022-12-01
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
$725,592
2022
Total expenses
$776,242
2022
Total assets
$15,193,905
2022
Num. employees
n/a

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 FoundationDonation$50,000
FORkidsDonation$25,000
Hospice House of Hampton RoadsDonation$25,000
...and 59 more grants made totalling $551,750

Personnel at Southern Bank Foundation

NameTitleCompensation
David L SaulsTreasurer$0

Financials for Southern Bank Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Investment income and dividends$728,356
Net rental income$0
Net gain from sale of non-inventory assets$-3,166
Gross sales of inventory$0
Miscellaneous revenues$402
Total revenues$725,592

Form 990s for Southern Bank Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-14990PFView PDF
2021-122022-11-14990PFView PDF
2020-122021-11-12990PFView PDF
2019-122021-05-10990PFView PDF
2018-122020-01-15990PFView PDF
...and 7 more Form 990s

Organizations like Southern Bank Foundation

OrganizationLocationRevenue
Jupiter SoccerJupiter, FL$337,570
Ruth M and Francis A Stroble Charitable FoundationSt Louis, MO$1,119,776
Central Valley Electric Education FoundationArtesia, NM$376,004
New Life FoundationBloomfield Hills, MI$194,516
Buisson FoundationGainesville, GA$682,727
The Cottonwood FoundationChapel Hill, NC$1,139,592
Rosenthal-Cohen FoundationLos Angeles, CA$351,273
Anthony Crabb and Barbara Grasseschi FoundationHealdsburg, CA$187,734
Navarro County Educational FoundationCorsicana, TX$449,930
The Foss Family FoundationConcord, NH$2,597,929
Data update history
January 22, 2024
Updated personnel
Identified 1 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
June 21, 2023
Posted financials
Added Form 990PF for fiscal year 2020
June 17, 2023
Updated personnel
Identified 9 new personnel
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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