United Bank Charitable Foundation Inc
- Assets
- $621.9k
- Revenue
- $219.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Atmore, AL
- Founding
- 05/1998
- Data as of
- 12/2022
- EIN
- 63-1192797
Organization Overview
United Bank Charitable Foundation Inc is located in Atmore, AL. The organization was established in 1998. 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. United Bank Charitable 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, United Bank Charitable Foundation Inc generated $219.1k in total revenue. All expenses for the organization totaled $188.8k during the year ending 12/2022. While expenses have increased by 36.9% 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, United Bank Charitable Foundation Inc has awarded 97 individual grants totaling $384,485. 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 |
|---|---|---|---|
Leigh Anne Russell-Jones President | 0.5 | $0 | |
Michael R Vincent Chairman | 0.5 | $0 | |
Tina N Brooks Secretary | 0.5 | $0 | |
Richard Maxwell Trustee | 0.5 | $0 | |
Michael Andreoli Trustee | 0.5 | $0 | |
Dale Ash Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $212,500 |
| Interest on Savings | $6,585 |
| Dividends & Interest | $0 |
| 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 | $60 |
| Total Revenue | $219,145 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,947 |
| Total operating and administrative expenses | $5,501 |
| Contributions, gifts, grants paid | $183,310 |
| Total expenses and disbursements | $188,811 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $580,914 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $40,972 |
| 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 | $621,886 |
| 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, United Bank Charitable Foundation Inc has awarded $183,310 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
ATMORE CHRISTIAN CARE MINISTRIES PURPOSE: FOR GENERAL OPERATING SUPPORT | $5,000 |
PRIMA GIRL PURPOSE: FOR GENERAL OPERATING SUPPORT | $6,000 |
EASTERN SHORE REPERTORY THEATRE SPONSORSHIP PURPOSE: FOR GENERAL OPERATING SUPPORT | $5,000 |
MT PLEASANT HISTORICAL PRESERVATION SOCIETY PURPOSE: FOR GENERAL OPERATING SUPPORT | $3,210 |
ALABAMA SCHOOL OF MATH AND SCIENCE PURPOSE: FOR GENERAL OPERATING SUPPORT | $40,000 |
ATMORE HISTORICAL SOCIETY PURPOSE: FOR GENERAL OPERATING SUPPORT | $14,000 |