Eugene And Evelyn Banks Familycharitable Foundation
- Assets
- $1.0m
- Revenue
- $164.4k
- Investments
- $984.8k
- Employees
- 0
- Location
- St Petersburg, FL
- Founding
- 10/2006
- Data as of
- 12/2021
- EIN
- 20-3945115
Organization Overview
Eugene And Evelyn Banks Familycharitable Foundation is located in St Petersburg, FL. The organization was established in 2006. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eugene And Evelyn Banks Familycharitable 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, Eugene And Evelyn Banks Familycharitable Foundation generated $164.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $69.5k during the year ending 12/2021. While expenses have increased by 13.5% per year over the past 4 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 |
|---|---|---|---|
Raymond James Trust N A Trustee | 1 | $15,157 | |
Eugene W Banks Advisor | 2 | $0 | |
Evelyn Banks Advisor | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $27,021 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $137,400 |
| Capital Gain Net Income | $137,400 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $164,421 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $15,157 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,573 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,606 |
| Total operating and administrative expenses | $20,336 |
| Contributions, gifts, grants paid | $49,200 |
| Total expenses and disbursements | $69,536 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $43,037 |
| 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 | $1,027,875 |
| 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, Eugene And Evelyn Banks Familycharitable Foundation has awarded $49,200 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
BRIGHAM YOUNG UNIVERSITY PURPOSE: GENERAL OPERATING | $12,000 |
CHURCH OF JESUS CHRIST OF PURPOSE: GENERAL OPERATING | $11,000 |
OLATHE HIGH SCHOOL PURPOSE: GENERAL OPERATING | $8,000 |
SALT LAKE CITY ROTARY FOUNDATION PURPOSE: GENERAL OPERATING | $8,000 |
Orem, UT PURPOSE: GENERAL OPERATING | $3,400 |
Salt Lake City, UT PURPOSE: GENERAL OPERATING | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Floridamakes Inc Orlando, FL | $1,478,174 | $9,967,367 |
Watson-Brown Foundation Inc Thomson, GA | $0 | $9,697,974 |
Alef Fund Inc Atlanta, GA | $10,107,377 | $6,194,898 |
Broward Education Foundation Inc Fort Lauderdale, FL | $12,469,303 | $5,256,121 |
University Of West Georgia Foundation Inc Carrollton, GA | $86,140,941 | $10,389,838 |
Coca-Cola Scholars Foundation Inc Atlanta, GA | $71,605,468 | $31,599,185 |
Uab Research Foundation Birmingham, AL | $14,400,184 | $5,771,462 |
Eminent Scholars Foundation Huntsville, AL | $0 | $754,182 |
Arete Scholars Fund Dacula, GA | $8,445,771 | $4,355,145 |
The Fund For Theological Education Inc Decatur, GA | $34,735,752 | $8,780,727 |
Gwinnett County Public Schools Foundation Fund Inc Suwanee, GA | $3,101,670 | $4,575,972 |
Florida Education Fund Inc Tampa, FL | $23,479,749 | $5,657,591 |