First Savings Charitable Foundation
- Assets
- $4.4m
- Revenue
- $196.9k
- Investments
- $4.4m
- Employees
- 0
- Location
- Jeffersonville, IN
- Founding
- 08/2010
- Data as of
- 12/2022
- EIN
- 26-3464829
Organization Overview
First Savings Charitable Foundation is located in Jeffersonville, IN. The organization was established in 2010. 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. First Savings Charitable 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 12/2022, First Savings Charitable Foundation generated $196.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $288.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, First Savings Charitable Foundation has awarded 24 individual grants totaling $721,299. 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 |
|---|---|---|---|
Larry W Myers President | 0 | $0 | |
John P Lawson Jr Treasurer/secretary | 0 | $0 | |
Cecile A Blau Board Member | 0 | $0 | |
Rita Hudson Shourds Board Member | 0 | $0 | |
Larry Ricke Chairman | 0 | $0 | |
Kent Parisien Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $58 |
| Dividends & Interest | $116,322 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $80,510 |
| Capital Gain Net Income | $80,510 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $196,890 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,762 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,771 |
| Total operating and administrative expenses | $9,263 |
| Contributions, gifts, grants paid | $278,800 |
| Total expenses and disbursements | $288,063 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,894 |
| Savings and temporary cash investments | $33,694 |
| 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 | $4,445,648 |
| 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, First Savings Charitable Foundation has awarded $278,800 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
BIG BROTHERS BIG SISTERS OF KENTUCKIANA INC PURPOSE: COMMUNITY ECONOMIC DEVELOPMENT | $25,000 |
DAVIESS CO CEO PURPOSE: EDUCATIONAL | $6,500 |
JUNIOR ACHIEVEMENT OF KENTUCKIANA PURPOSE: EDUCATIONALEDUCATIONAL | $100,000 |
JUNIOR ACHIEVEMENT OF SOUTHWESTERN INDIANA PURPOSE: EDUCATIONAL | $14,900 |
LEADERSHIP SOUTHERN INDIANA PURPOSE: EDUCATIONAL | $68,000 |
IU SOUTHEAST SCHOOL OF BUSINESS PURPOSE: EDUCATIONALEDUCATIONAL | $15,400 |