United Community Bank Foundation Inc
- Assets
- $10.3m
- Revenue
- $711.1k
- Investments
- $9.0m
- Employees
- 0
- Location
- Greenville, SC
- Founding
- Data as of
- 12/2021
- EIN
- 84-5077948
Organization Overview
United Community Bank Foundation Inc is located in Greenville, SC. According to its NTEE Classification (T21) the organization is classified as: Corporate 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 Community Bank 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 12/2021, United Community Bank Foundation Inc generated $711.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (73.3%) each year. All expenses for the organization totaled $307.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, United Community Bank Foundation Inc has awarded 114 individual grants totaling $331,650. 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 |
|---|---|---|---|
Name Not Listed President/chairman | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $506,510 |
| Interest on Savings | $0 |
| Dividends & Interest | $151,880 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $52,716 |
| Capital Gain Net Income | $52,716 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $711,106 |
| 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 | $3,000 |
| Total operating and administrative expenses | $30,380 |
| Contributions, gifts, grants paid | $276,650 |
| Total expenses and disbursements | $307,030 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,165,260 |
| Savings and temporary cash investments | $148,984 |
| 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 | $10,349,076 |
| 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 Community Bank Foundation Inc has awarded $276,650 in support to 112 organizations.
| Grant Recipient | Amount |
|---|---|
THE MUSEUM ASSOCIATION GREENVILLE COUNTY MUSEUM OF ART PURPOSE: THIS DONATION IS DESIGNATED TO THE ORGANIZATIONS ANTIQUES, FINE ART AND DESIGN WEEKEND IN OCTOBER 2021. | $50,000 |
BOYS & GIRLS CLUB OF LANIER PURPOSE: THIS IS AN UNRESTRICTED DONATION. THE ORGANIZATION CAN USE THE FUNDS AS NEEDED IN FURTHERANCE OF ITS CHARITABLE PURPOSE. | $15,000 |
Greenville, SC PURPOSE: THIS DONATION IS DESIGNATED TO THE WOMENS LEADERSHIP INSTITUTE OF FURMAN. | $10,000 |
AMERICAN HEART ASSOCIATION PURPOSE: THIS IS AN UNRESTRICTED DONATION. THE ORGANIZATION CAN USE THE FUNDS AS NEEDED IN FURTHERANCE OF ITS CHARITABLE PURPOSE. | $10,000 |
Boca Raton, FL PURPOSE: THIS DONATION IS DESIGNATED TO PROGRAMS THAT SUPPORT THE ACADEMIC AND SOCIAL-EMOTIONAL NEEDS THOSE BEING SERVED. | $10,000 |
NORTHSIDE DEVELOPMENT GROUP PURPOSE: THIS DONATION IS DESIGNATED TO THE START:ME PROGRAM. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern Company Charitable Foundation Inc Atlanta, GA | $133,098,319 | $27,836,912 |
Burroughs Wellcome Fund Research Triangle Park, NC | $946,804,754 | $86,337,046 |
Blue Cross And Blue Shield Of North Carolina Foundation Durham, NC | $253,862,813 | $27,558,288 |
Masters Tournament Foundation Inc Augusta, GA | $56,432,291 | $20,283,494 |
Ingersoll-Rand Charitable Foundation Davidson, NC | $949,422 | $5,202,263 |
Speedwell Foundation Atlanta, GA | $165,926,993 | $26,115,784 |
Teleios Collaborative Network Flat Rock, NC | $1,937,761 | $5,692,077 |
Berry Charitable Foundation Greensboro, NC | $66,443,887 | $19,441,279 |
Richmond Community Foundation Inc Charlotte, NC | $38,277,506 | $4,248,751 |
Thalia N And Chris M Carlos Foundation Inc Atlanta, GA | $8,590,339 | $1,064,458 |
Weaver Foundation Inc Greensboro, NC | $30,406,218 | $3,650,390 |
Ally Charitable Foundation Charlotte, NC | $31,020,480 | $35,342,279 |