First National Bank Brewton Alabama Charitable Foundation
- Assets
- $1.2m
- Revenue
- $79.4k
- Investments
- $1.1m
- Employees
- 0
- Location
- Jackson, MS
- Founding
- 09/1986
- Data as of
- 12/2022
- EIN
- 63-0935188
Organization Overview
First National Bank Brewton Alabama Charitable Foundation is located in Jackson, MS. The organization was established in 1986. 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 National Bank Brewton Alabama 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 National Bank Brewton Alabama Charitable Foundation generated $79.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.9%) each year. All expenses for the organization totaled $98.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Stephen Nelson Director | 0 | $0 | |
Thomas E Mcmillan Jr Director | 0 | $0 | |
Broox G Garrett Jr Director | 0 | $0 | |
Mark Manning Director | 0 | $0 | |
Andrew Clark Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $22,550 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $56,859 |
| Capital Gain Net Income | $56,859 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $79,409 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,887 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $11,301 |
| Contributions, gifts, grants paid | $86,895 |
| Total expenses and disbursements | $98,196 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,726 |
| 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 | $216,652 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,177,261 |
| 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 National Bank Brewton Alabama Charitable Foundation has awarded $86,895 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
ANNA BELL'S ATTIC MINISTRIES PURPOSE: COMMUNITY/COUNTY INVOLVEMENT | $250 |
BREWTON AREA YMCA PURPOSE: COMMUNITY/COUNTY INVOLVEMENT | $30,000 |
BREWTON PUBLIC LIBRARY FOUNDATION PURPOSE: COMMUNITY/COUNTY INVOLVEMENT | $16,368 |
BREWTON YOUTH FOOTBALL & CHEER PURPOSE: COMMUNITY/COUNTY INVOLVEMENT | $3,300 |
BREWTON COUNCIL OF THE ARTS PURPOSE: COMMUNITY/COUNTY INVOLVEMENT | $3,500 |
CITY OF EAST BREWTON PURPOSE: COMMUNITY/COUNTY INVOLVEMENT (JULY 4TH) | $1,000 |