First Bank Foundation
- Assets
- $1.4m
- Revenue
- $34.9k
- Investments
- $1.4m
- Employees
- 0
- Location
- Creve Coeur, MO
- Founding
- 07/2019
- Data as of
- 12/2023
- EIN
- 83-2253071
Organization Overview
First Bank Foundation is located in Creve Coeur, MO. The organization was established in 2019. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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 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 12/2023, First Bank Foundation generated $34.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (36.9%) each year. All expenses for the organization totaled $28.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mikel Williamson President | 0.1 | $0 | |
Joseph T Ambrose Treasurer | 0.2 | $0 | |
Stacy D Clay Secretary | 0.2 | $0 | |
Shelley J Seifert President - Retired | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $969 |
| Dividends & Interest | $39,132 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$6,261 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,025 |
| Total Revenue | $34,865 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $760 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $13,419 |
| Contributions, gifts, grants paid | $15,000 |
| Total expenses and disbursements | $28,419 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $28,821 |
| 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 | $1,393,401 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,422,222 |
| 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 Bank Foundation has awarded $408,610 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
LOYOLA ACADEMY OF ST LOUIS PURPOSE: ASSIST WITH EFFORTS TO BRIDGE THE DIGITAL DIVIDE - PROVIDE TECHNOLOGY RESOURCES FOR VIRTUAL LEARNING | $37,395 |
MARIAN MIDDLE SCHOOL PURPOSE: ASSIST WITH EFFORTS TO BRIDGE THE DIGITAL DIVIDE - PROVIDE TECHNOLOGY RESOURCES FOR VIRTUAL LEARNING | $44,250 |
CITY ACADEMY INC PURPOSE: ASSIST WITH EFFORTS TO BRIDGE THE DIGITAL DIVIDE - PROVIDE TECHNOLOGY RESOURCES FOR VIRTUAL LEARNING | $38,965 |
KIPP - ST LOUIS PURPOSE: ASSIST WITH EFFORTS TO BRIDGE THE DIGITAL DIVIDE - PROVIDE TECHNOLOGY RESOURCES FOR VIRTUAL LEARNING | $54,000 |
ST LOUIS PUBLIC SCHOOLS FOUNDATION PURPOSE: ASSIST WITH EFFORTS TO BRIDGE THE DIGITAL DIVIDE - PROVIDE TECHNOLOGY RESOURCES FOR VIRTUAL LEARNING | $50,000 |
FRIENDS OF JENNINGS SCHOOL DISTRICT FOUNDATION PURPOSE: ASSIST WITH EFFORTS TO BRIDGE THE DIGITAL DIVIDE - PROVIDE TECHNOLOGY RESOURCES FOR VIRTUAL LEARNING | $30,000 |