Citizens Building & Loan Charitable Foundation
- Assets
- $1.2m
- Revenue
- $251.2k
- Investments
- $1.1m
- Employees
- 0
- Location
- Greer, SC
- Founding
- 12/1999
- Data as of
- 12/2021
- EIN
- 56-2158345
Organization Overview
Citizens Building & Loan Charitable Foundation is located in Greer, SC. The organization was established in 1999. 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. Citizens Building & Loan Charitable 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, Citizens Building & Loan Charitable Foundation generated $251.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $90.3k during the year ending 12/2021. While expenses have increased by 2.8% per year over the past 7 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 2014, Citizens Building & Loan Charitable Foundation has awarded 102 individual grants totaling $654,890. 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 |
|---|---|---|---|
Paul Rogers Director | 1 | $0 | |
W Terry Dobson Chair-Elect | 1 | $0 | |
Ralph Johnson Past-Chair | 1 | $0 | |
Jennifer Jones Director | 1 | $0 | |
Michael Montgomery Director | 1 | $0 | |
Hayne P Griffin Jr Chairman | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $34,550 |
| Interest on Savings | $70 |
| Dividends & Interest | $85,046 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $131,572 |
| Capital Gain Net Income | $131,572 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $251,238 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,300 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,900 |
| Contributions, gifts, grants paid | $86,350 |
| Total expenses and disbursements | $90,250 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,470 |
| Savings and temporary cash investments | $5,376 |
| 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 | $1,156,328 |
| 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, Citizens Building & Loan Charitable Foundation has awarded $86,350 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Landrum, SC PURPOSE: OPERATIONAL SUPPORT | $15,500 |
GREER CHRISTIAN LEARNING CENTER PURPOSE: OPERATIONAL SUPPORT | $12,250 |
LHS PURPOSE: SCHOLARSHIP | $10,000 |
GHS PURPOSE: SCHOLARSHIP | $10,000 |
BRHS PURPOSE: SCHOLARSHIP | $10,000 |
GREER COMMUNITY MINISTRIES PURPOSE: OPERATIONAL SUPPORT | $8,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ingersoll-Rand Charitable Foundation Davidson, NC | $949,422 | $5,202,263 |
Speedwell Foundation Atlanta, GA | $165,926,993 | $26,115,784 |
Teleios Collaborative Network Flat Rock, NC | $1,937,761 | $5,692,077 |
Berry Charitable Foundation Greensboro, NC | $66,443,887 | $19,441,279 |
Richmond Community Foundation Inc Charlotte, NC | $38,277,506 | $4,248,751 |
Thalia N And Chris M Carlos Foundation Inc Atlanta, GA | $8,590,339 | $1,064,458 |
Weaver Foundation Inc Greensboro, NC | $30,406,218 | $3,650,390 |
Ally Charitable Foundation Charlotte, NC | $31,020,480 | $35,342,279 |
Stoneypeak Foundation Inc Atlanta, GA | $4,235,009 | $1,857,891 |
Jim Andrews Family Foundation Inc Chickamauga, GA | $345,412 | $9,018 |
20 20 Quest Duluth, GA | $1,721,770 | $1,116,124 |
Katherine And Thomas Belk Foundation Inc Charlotte, NC | $4,246,584 | $746,894 |