L O Benton Banking Foundation Inc
- Assets
- $7.0m
- Revenue
- -$3.4m
- Investments
- $119.5k
- Employees
- 0
- Location
- Eatonton, GA
- Founding
- 07/2001
- Data as of
- 12/2022
- EIN
- 58-2568248
Organization Overview
L O Benton Banking Foundation Inc is located in Eatonton, GA. The organization was established in 2001. 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. L O Benton Banking Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2014, L O Benton Banking Foundation Inc has awarded 157 individual grants totaling $6,291,221. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITABLE AND EDUCATIONAL CONTRIBUTIONS TO WORTHWHILE CAUSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lurner O Benton IV Director | 0 | $0 | |
Nancy T Benton Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6,655 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,456,249 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $253,313 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$3,449,594 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,761 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $235,558 |
| Total operating and administrative expenses | $237,319 |
| Contributions, gifts, grants paid | $748,087 |
| Total expenses and disbursements | $985,406 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,921,870 |
| 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 | $119,452 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,041,322 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $15,750 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $15,750 |
Grants Awarded
Over the last fiscal year, L O Benton Banking Foundation Inc has awarded $748,087 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
THE PLAZA ARTS CENTER PURPOSE: CULTURAL | $133,750 |
GATEWOOD SCHOOL PURPOSE: EDUCATION | $101,700 |
AZTEC OF ALBANY PURPOSE: DONATION | $25,000 |
OLD JAIL ART CENTER PURPOSE: DONATION | $25,000 |
FBC ALBANY TEXAS PURPOSE: DONATION | $25,000 |
TRINITY EPISCOPAL PURPOSE: DONATION | $25,000 |