Bankers House Foundation
- Assets
- $1.2m
- Revenue
- $152.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Shelby, NC
- Founding
- 04/2015
- Data as of
- 12/2022
- EIN
- 47-6353553
Organization Overview
Bankers House Foundation is located in Shelby, NC. The organization was established in 2015. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bankers House 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 12/2022, Bankers House Foundation generated $152.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $135.3k during the year ending 12/2022. While expenses have increased by 8.9% per year over the past 8 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION INCURRED VARIOUS EXPENSES TO MAINTAIN THE OPERATING ASSETS OF THE HISTORIC HOME AS WELL AS THE RESTORATION OF THE HISTORIC HOME
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bank Ozk Trustee | 1 | $0 | |
Catherine Freedberg President | 10 | $0 | |
Lydia B Matthews Vice President | 10 | $0 | |
Phillip Poston Treasurer | 1 | $0 | |
Charley Hamrick IV Secretary | 2 | $0 | |
Mildred Chapell Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $149,726 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,810 |
| 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 | -$1 |
| Other Income | $1 |
| Total Revenue | $152,536 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,600 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $103 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $111,592 |
| Total operating and administrative expenses | $135,275 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $135,275 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $331,061 |
| 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 | $11,505 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $809,527 |
| Other assets | $0 |
| Total assets | $1,152,093 |
| 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 |