Cullman Savings Bank Foundation
- Assets
- $0.0
- Revenue
- $21.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Cullman, AL
- Founding
- 02/2011
- Data as of
- 12/2022
- EIN
- 27-0667288
Organization Overview
Cullman Savings Bank Foundation is located in Cullman, AL. The organization was established in 2011. 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. Cullman Savings Bank 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, Cullman Savings Bank Foundation generated $21.8k 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 (31.3%) each year. All expenses for the organization totaled $117.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Cullman Savings Bank Foundation has awarded 35 individual grants totaling $299,601. 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 |
|---|---|---|---|
John A Riley III Board Of Dir | 0 | $0 | |
Nancy Mcclellan Board Of Dir | 0 | $0 | |
Greg Barksdale Board Of Dir | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,711 |
| Dividends & Interest | $17,132 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $21,843 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $869 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $5,569 |
| Contributions, gifts, grants paid | $111,500 |
| Total expenses and disbursements | $117,069 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| 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, Cullman Savings Bank Foundation has awarded $111,500 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
BROOKS PLACE PURPOSE: PROGRAMS FOR ABUSED/ASSAULT VICTIMS | $5,000 |
CULLMAN COUNTY SCHOOLS PURPOSE: ASSIST COMMUNITY SCHOOLS | $20,000 |
COUNTY SHOTGUN CLUB PURPOSE: ASSIST COMMUNITY STUDENT FACILITY | $4,000 |
HOPE HORSES INC PURPOSE: ASSISTANCE FOR DISABLED CHILDREN | $5,000 |
CULLMAN CHRISTIAN SCHOOL PURPOSE: ASSIST COMMUNITY SCHOOLS | $3,500 |
JOHNNY MAC SOLDIERS FUND INC PURPOSE: ASSISTANCE TO VETERANS AND FAMILIES | $1,000 |