First Bancorp Inc Foundation
- Assets
- $535.5k
- Revenue
- $547.6k
- Investments
- $447.8k
- Employees
- 0
- Location
- Abingdon, VA
- Founding
- Data as of
- 12/2022
- EIN
- 87-4174417
Organization Overview
First Bancorp Inc Foundation is located in Abingdon, VA. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First Bancorp Inc Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
W Mark Nelson Director | 0.1 | $0 | |
William H Hayter Director | 0.1 | $0 | |
David Leonard Director | 0.1 | $0 | |
Ronald Barrett Director | 0.1 | $0 | |
Sophia Chafin-Vance Director | 0.1 | $0 | |
Trent Yates Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $540,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,640 |
| 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 | $0 |
| Total Revenue | $547,640 |
| 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 | $0 |
| Total operating and administrative expenses | $1,674 |
| Contributions, gifts, grants paid | $10,500 |
| Total expenses and disbursements | $12,174 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,712 |
| 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 | $535,466 |
| 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 Bancorp Inc Foundation has awarded $10,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
RILEY STEVENS PURPOSE: POST-SECONDARYED. SCHOLARSHIP | $2,000 |
CHRISTIAN MUSICK PURPOSE: POST-SECONDARYED. SCHOLARSHIP | $2,000 |
MADISON KEYS PURPOSE: POST-SECONDARYED. SCHOLARSHIP | $2,000 |
COLEMAN COOK PURPOSE: POST-SECONDARYED. SCHOLARSHIP | $2,000 |
ABIGAIL STREET PURPOSE: POST-SECONDARYED. SCHOLARSHIP | $500 |
MALLY JESSEE PURPOSE: POST-SECONDARYED. SCHOLARSHIP | $2,000 |