First-Citizens Foundation Inc
- Assets
- $560.4k
- Revenue
- $21.4k
- Investments
- $536.5k
- Employees
- 0
- Location
- Smithfield, NC
- Founding
- 07/1957
- Data as of
- 12/2022
- EIN
- 56-6044206
Organization Overview
First-Citizens Foundation Inc is located in Smithfield, NC. The organization was established in 1957. 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-Citizens Foundation 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 12/2022, First-Citizens Foundation Inc generated $21.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $33.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, First-Citizens Foundation Inc has awarded 84 individual grants totaling $209,460. 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 |
|---|---|---|---|
Frank B Holding Jr President | 0.5 | $0 | |
Hope H Bryant Vice President | 0.5 | $0 | |
Olivia Holding Treasurer | 0.5 | $0 | |
Jeff Carver Assistant Secretary/treasu | 0.5 | $0 | |
Judith A Murray Secretary | 0.5 | $0 | |
Carson H Brice Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $26,068 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,702 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $21,366 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $150 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,260 |
| Contributions, gifts, grants paid | $32,000 |
| Total expenses and disbursements | $33,260 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,972 |
| 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 | $560,428 |
| 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-Citizens Foundation Inc has awarded $32,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
BENSON AREA MEDICAL CENTER PURPOSE: GENERAL SUPPORT | $5,000 |
BOYS & GIRLS CLUB OF CUMBERLAND COUNTY PURPOSE: GENERAL SUPPORT | $5,000 |
EAST CAROLINA UNIVERSITY PURPOSE: SCHOLARSHIP | $1,500 |
JOHNSTON COUNTY YOUTH LIVESTOCK SHOW PURPOSE: ORGANIZATION OPERATIONS AND ACTIVITIES | $1,500 |
JOHNSTON HEALTH FOUNDATION PURPOSE: ORGANIZATION OPERATIONS AND ACTIVITIES | $2,000 |
MOUNT OLIVE COLLEGE PURPOSE: SCHOLARSHIP | $1,500 |