First Bancshares Inc

Organization Overview

First Bancshares Inc is located in Mattoon, IL. The organization was established in 1995. 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. First Bancshares 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 12/2021, First Bancshares Inc generated $160.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $209.0k during the year ending 12/2021. While expenses have increased by 20.0% per year over the past 7 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, First Bancshares Inc has awarded 27 individual grants totaling $1,263,111. 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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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $120,000
Interest on Savings $0
Dividends & Interest $11,389
Net Rental Income$0
Net Gain on Sale of Assets $28,728
Capital Gain Net Income $28,728
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $160,117

Grants Awarded

Over the last fiscal year, First Bancshares Inc has awarded $200,500 in support to 6 organizations.

Grant RecipientAmount

SARAH BUSH LINCOLN HEALTH FOUNDATION

Org PageRecipient Profile

Mattoon, IL

PURPOSE: UNRESTRICTED GIFT

$100,000

EASTERN ILLINOIS UNIVERSITY FOUNDATION

Org PageRecipient Profile

Charleston, IL

PURPOSE: UNRESTRICTED GIFT

$50,000

EDWARDSVILLE COMMUNITY FOUNDATION

Org PageRecipient Profile

Edwardsville, IL

PURPOSE: UNRESTRICTED GIFT

$25,000

CITY OF MATTOON

PURPOSE: UNRESTRICTED GIFT

$13,500

GREATER ST LOUIS BOY SCOUT TRUST FUND

PURPOSE: UNRESTRICTED GIFT

$10,000

SOUTHEASTERN IL COMMUNITY FOUNDATION

Org PageRecipient Profile

Effingham, IL

PURPOSE: UNRESTRICTED GIFT

$2,000
View Grant Profile

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