Cullman Savings Bank Foundation
- Assets
- $1.2m
- Revenue
- $183.2k
- Investments
- $502.6k
- Employees
- 0
- Location
- Cullman, AL
- Founding
- 02/2011
- Data as of
- 12/2021
- EIN
- 27-0667288
Organization Overview
Cullman Savings Bank Foundation is located in Cullman, AL. The organization was established in 2011. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cullman Savings Bank Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Cullman Savings Bank Foundation generated $183.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 28.7% each year . All expenses for the organization totaled $94.4k during the year ending 12/2021. While expenses have increased by 15.7% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Cullman Savings Bank Foundation has awarded 33 individual grants totaling $282,611. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Barksdale Board Of Dir | 0 | $0 | |
John A Riley III Board Of Dir | 0 | $0 | |
Nancy Mcclellan Board Of Dir | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $160,000 |
| Interest on Savings | $5,561 |
| Dividends & Interest | $17,590 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4 |
| Total Revenue | $183,155 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $793 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $793 |
| Contributions, gifts, grants paid | $93,591 |
| Total expenses and disbursements | $94,384 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $656,673 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,159,223 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Cullman Savings Bank Foundation has awarded $93,591 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
WALLACE STATE FUTURE FOUNDATION PURPOSE: PAYMENT FOR SCHOLARSHIP FOR STUDENTS | $55,000 |
HOPE HORSES INC PURPOSE: ASSISTANCE FOR DISABLED CHILDREN | $6,230 |
VFW POST 2214 PURPOSE: HONOR LOCAL VETERANS | $5,000 |
CITY OF HANCEVILLE PURPOSE: SUPPORT COMMUNITY SERIES AND EVENTS | $5,000 |
BAILEY QUICK PURPOSE: PAYMENT TO ASSIST INDIGENT FAMILY | $5,000 |
GOOD SAMARITAN CLINIC PURPOSE: LOW INCOME HEALTH CARE SERVICES | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Caring Foundation Birmingham, AL | $70,981,159 | $5,434,235 |
Malone Family Foundation Hobe Sound, FL | $111,664,161 | $13,667,566 |
The Fairholme Foundation Coral Gables, FL | $289,766,586 | $285,369 |
Nicklaus Childrens Health Care Foundation Inc North Palm Beach, FL | $45,302,726 | $13,320,876 |
Albert L Ueltschi Foundation Vero Beach, FL | $287,931,919 | $1,247,906 |
Speedwell Foundation Atlanta, GA | $165,926,993 | $26,115,784 |
Holtz Charitable Foundation Inc Orlando, FL | $5,015,513 | $2,659,459 |
Wiregrass Foundation Dothan, AL | $101,684,443 | $2,886,891 |
The St Joe Community Foundation Inc Panama City Beach, FL | $5,065,380 | $5,661,153 |
Louisiana First Horizon Foundation Memphis, TN | $16,881,232 | $5,299 |
Anthony And Christie De Nicola Foundation Englewood, FL | $68,737,760 | $5,161,997 |
West Florida Premier Soccer Club Inc Brandon, FL | $880,382 | $3,137,006 |