The First Bank Foundation
- Assets
- $684.9k
- Revenue
- $27.6k
- Investments
- $679.3k
- Employees
- 0
- Location
- Cheraw, SC
- Founding
- 05/1998
- Data as of
- 06/2022
- EIN
- 56-2068430
Organization Overview
The First Bank Foundation is located in Cheraw, SC. The organization was established in 1998. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. First 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 06/2022, First Bank Foundation generated $27.6k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 53.5% each year . All expenses for the organization totaled $28.0k during the year ending 06/2022. While expenses have increased by 18.6% per year over the past 3 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Long Director | 0 | $0 | |
William Rhett Butler Director | 0 | $0 | |
James Crawford Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $16,289 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,320 |
| Capital Gain Net Income | $11,320 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $27,610 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $715 |
| Contributions, gifts, grants paid | $27,250 |
| Total expenses and disbursements | $27,965 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,615 |
| 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 | $684,874 |
| 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, The First Bank Foundation has awarded $26,250 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
Cheraw, SC PURPOSE: OPERATING FUND | $3,000 |
Cheraw, SC PURPOSE: OPERATING FUND | $2,500 |
PEE DEE AREA COALITION AGAINST DOMESTIC & SEXUAL-C PURPOSE: OPERATING FUND | $2,500 |
GREATER FLORENCE HABITAT PURPOSE: OPERATING FUND | $1,000 |
TOWN OF CHERAW JAZZ FEST PURPOSE: OPERATING FUND | $1,000 |
UNITED WAY OF FLORENCE COUNTY PURPOSE: OPERATING FUND | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fraser-Parker Foundation Atlanta, GA | $226,420,772 | $14,099,479 |
Paces Foundation Inc Smyrna, GA | $85,397,872 | $9,603,919 |
Gambrell Foundation Charlotte, NC | $0 | $18,901,501 |
The Ma-Ran Foundation Atlanta, GA | $81,838,064 | $4,938,726 |
North Carolina Glaxosmithkline Foundation Research Triangle Park, NC | $82,949,220 | $9,210,244 |
The Peyton Anderson Foundation Inc Macon, GA | $85,371,883 | $13,633,354 |
The Springs Close Foundation Inc Fort Mill, SC | $40,896,237 | $10,062,453 |
Albemarle Foundation Charlotte, NC | $33,633,920 | $20,497,587 |
Donald And Marilyn Keough Foundation Atlanta, GA | $98,883,521 | $27,525,361 |
Wilbur And Hilda Glenn Family Foundaition Atlanta, GA | $96,293,914 | $6,644,438 |
The Eddie And Jo Allison Smith Family Foundation Inc Greenville, NC | $134,122,083 | $44,728,639 |
Trailsend Foundation Atlanta, GA | $118,817,898 | $16,686,920 |