William A Smith Tr Item Xxii United Carolina Bank
- Assets
- $4.2m
- Revenue
- $280.3k
- Investments
- $4.1m
- Employees
- 0
- Location
- Orlando, FL
- Founding
- 05/1973
- Data as of
- 12/2023
- EIN
- 56-6042630
Organization Overview
William A Smith Tr Item Xxii United Carolina Bank is located in Orlando, FL. The organization was established in 1973. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. William A Smith Tr Item Xxii United Carolina Bank 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 12/2023, William A Smith Tr Item Xxii United Carolina Bank generated $280.3k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $298.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, William A Smith Tr Item Xxii United Carolina Bank has awarded 64 individual grants totaling $1,375,711. 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 |
|---|---|---|---|
Truist Bank Trustee | 12 | $51,847 | |
Joe E Gaddy Director | 12 | $2,400 | |
Joanne Huntley Director | 12 | $2,400 | |
Frank F Mills Director | 12 | $0 | |
Jerry Johnson Director | 12 | $2,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $36,831 |
| Interest on Savings | $164 |
| Dividends & Interest | $128,763 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $111,763 |
| Capital Gain Net Income | $111,763 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,806 |
| Total Revenue | $280,327 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $59,047 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $495 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $223 |
| Total operating and administrative expenses | $60,165 |
| Contributions, gifts, grants paid | $238,403 |
| Total expenses and disbursements | $298,568 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50 |
| Savings and temporary cash investments | $82,242 |
| 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 | $618,430 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,193,041 |
| 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, William A Smith Tr Item Xxii United Carolina Bank has awarded $238,403 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
ANSON COUNTY COOPERATIVE EXTENSION PURPOSE: GENERAL OPERATING | $1,500 |
ANSON COUNTY HISTORICAL SOCIETY PURPOSE: GENERAL OPERATING | $5,000 |
ANSON COUNTY SCHOOLS PURPOSE: GENERAL OPERATING | $17,000 |
LEADERSHIP ANSON PURPOSE: GENERAL OPERATING | $1,000 |
NC COOPERATIVE EXTENSION SERVICE PURPOSE: GENERAL OPERATING | $500 |
ANSON COUNTY HOMES OF HOPE PURPOSE: GENERAL OPERATING | $20,000 |