Smartbank Foundaiton is located in Chattanooga, TN. The organization was established in 2009. 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. Smartbank Foundaiton 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 12/2020, Smartbank Foundaiton generated $34.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $55.3k during the year ending 12/2020. While expenses have increased by 3.8% per year over the past 5 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 2016, Smartbank Foundaiton has awarded 20 individual grants totaling $162,250. 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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Miller Welborn Secretary | 2 | $0 | |
Billy Carroll President | 2 | $0 | |
Bill Carroll Treasurer | 2 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $0 |
Dividends & Interest | $9,721 |
Profit on Inventory Sales | $0 |
Other Income | $159 |
Total Revenue | $34,711 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Pension plans, employee benefits | $0 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Total operating and administrative expenses | $5,294 |
Contributions, gifts, grants paid | $50,000 |
Total expenses and disbursements | $55,294 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $21,484 |
Investments—mortgage loans | $0 |
Investments—other | $0 |
Other assets | $0 |
Mortgages and other notes payable | $0 |
Other liabilities | $0 |
Over the last fiscal year, Smartbank Foundaiton has awarded $25,000 in support to 3 organizations.
Grant Recipient | Amount |
---|---|
Chattanooga, TN PURPOSE: TO HELP WITH THE MILLER PARK REDEVELOPMENT EFFORTS IN DOWNTOWN CHATTANOOGA. | $10,000 |
PURPOSE POINT LEARNING ACADEMY PURPOSE: TO HELP DEVELOP POSITIVE LEARNING SKILLS AND VALUES THAT ENHANCE THE GROWTH AND DEVELOPMENT OF CHILDREN FOR THE PRESENT AND FUTURE GENERATIONS. | $10,000 |
Sevierville, TN PURPOSE: TO HELP PROVIDE SCHOLARSHIPS FOR STUDENTS IN SEVIER COUNTY | $5,000 |
Organization Name | Assets | Revenue |
---|---|---|
Caring Foundation Birmingham, AL | $70,981,159 | $5,434,235 |
Brown-Forman Foundation Louisville, KY | $0 | $24,207,060 |
Carmax Foundation Richmond, VA | $6,340,369 | $9,797,991 |
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 |
Wiregrass Foundation Dothan, AL | $101,684,443 | $2,886,891 |
Ascension Providence Foundation St Louis, MO | $25,786,185 | $4,059,548 |
Berry Charitable Foundation Greensboro, NC | $66,443,887 | $19,441,279 |
Mcleod Family Foundation Inc Roanoke, VA | $24,622,922 | $3,411,070 |
Petters Family Foundation Newport News, VA | $24,802,843 | $3,836,696 |
Louisiana First Horizon Foundation Memphis, TN | $16,881,232 | $5,299 |