Savannah Benevolent Association Inc
- Assets
- $1.6m
- Revenue
- $136.6k
- Investments
- $1.5m
- Employees
- 0
- Location
- Savannah, GA
- Founding
- 01/1971
- Data as of
- 12/2022
- EIN
- 58-6033040
Organization Overview
Savannah Benevolent Association Inc is located in Savannah, GA. The organization was established in 1971. 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. Savannah Benevolent Association Inc 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, Savannah Benevolent Association Inc generated $136.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $96.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Savannah Benevolent Association Inc has awarded 38 individual grants totaling $414,061. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James R Hungerpiller President | 0 | $0 | |
Mills Lane Morrison Jr Secretary | 0 | $0 | |
David C Barrow III CFO | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $9,020 |
| Interest on Savings | $1,673 |
| Dividends & Interest | $25,329 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $100,622 |
| Capital Gain Net Income | $100,622 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $136,644 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $987 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $92 |
| Total operating and administrative expenses | $13,090 |
| Contributions, gifts, grants paid | $83,428 |
| Total expenses and disbursements | $96,518 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,133 |
| Savings and temporary cash investments | $17,154 |
| 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 | $144,858 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $18,349 |
| Total assets | $1,584,982 |
| 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, Savannah Benevolent Association Inc has awarded $83,428 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ELEVATE SAVANNAH PURPOSE: FINANCIAL ASSISTANCE | $25,000 |
MATTHEW REARDON CENTER PURPOSE: FINANCIAL SUPPORT | $15,428 |
UNION MISSION PURPOSE: FINANCIAL ASSISTANCE | $25,000 |
ROYCE LEARNING CENTER PURPOSE: FINANCIAL ASSISTANCE | $8,000 |
NATIONAL SOCIETY OF COLONIAL DAMES PURPOSE: FINANCIAL SUPPORT | $10,000 |