CULLMAN SAVINGS BANK FOUNDATION: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization: CULLMAN SAVINGS BANK FOUNDATION (EIN 27-0667288)
Tax period: 2022-01-01 to 2022-12-31
Filed: 2023-05-11
IRS object ID: 202321319349105242
Schema version: 2022v5.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990-PF
Accounting Fees Schedule
Investments Corp Stock Schedule
Liquidation Explanation Stmt
Other Decreases Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2023-05-11T20:08:22-04:00	ReturnTs
Tax Period End	2022-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	262703960	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	TAYLOR VISE BROWN & KING LLC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	150 OLDE TOWNE RD	AddressLine1Txt
City	BIRMINGHAM	CityNm
State Abbreviation	AL	StateAbbreviationCd
ZIP	35216	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2022-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	270667288	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	CULLMAN SAVINGS BANK FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	CULL	BusinessNameControlTxt
Phone	2567341740	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	316 SECOND AVENUE SW	AddressLine1Txt
City	CULLMAN	CityNm
State Abbreviation	AL	StateAbbreviationCd
ZIP	35055	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	JOHN A RILEY III	PersonNm
Person Title	BOARD OF DIR	PersonTitleTxt
Phone	2567341740	PhoneNum
Signature	2023-05-11	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	JOHN A	PersonFirstNm
Person Last	RILEY III	PersonLastNm

Field	Value	IRS element (for citing)
SSN	XXX-XX-XXXX	SSN

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	false	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	M BRYANT KING CPA	PreparerPersonNm
PTIN	P00894098	PTIN
Phone	2058223488	PhoneNum
Preparation	2023-05-11	PreparationDt

Field	Value	IRS element (for citing)
Tax	2022	TaxYr
Build TS	2023-04-26 12:10:37Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Final Return	Yes (X)	FinalReturnInd
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$0	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss	$4,711	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$4,711	InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm	$4,711	InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss	$17,132	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$17,132	DividendsNetInvstIncmAmt
Dividends Adj Net Incm	$17,132	DividendsAdjNetIncmAmt
Total Rev And Expnss	$21,843	TotalRevAndExpnssAmt
Total Net Invst Incm	$21,843	TotalNetInvstIncmAmt
Total Adj Net Incm	$21,843	TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss	$4,700	AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss	$869	TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss	$5,569	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$0	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$111,500	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$111,500	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$117,069	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$0	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$111,500	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$95,226	ExcessRevenueOverExpensesAmt
Net Investment Income	$21,843	NetInvestmentIncomeAmt
Adjusted Net Income	$21,843	AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$656,673	CashBOYAmt
Corporate Stock BOY	$502,550	CorporateStockBOYAmt
Total Assets BOY	$1,159,223	TotalAssetsBOYAmt
Total Assets EOY	$0	TotalAssetsEOYAmt
Total Assets EOYFMV	$0	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY	$1,159,223	NoDonorRstrNetAssestsBOYAmt
Tot Net Ast Or Fund Balances BOY	$1,159,223	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$0	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$1,159,223	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$0	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$1,159,223	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$95,226	ExcessRevenueOverExpensesAmt
Subtotal	$1,063,997	SubtotalAmt
Other Decreases	$1,063,997	OtherDecreasesAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$304	InvestmentIncomeExciseTaxAmt
Subtotal	$304	SubtotalAmt
Tax Based On Investment Income	$304	TaxBasedOnInvestmentIncomeAmt
Tax Due	$304	TaxDueAmt
Applied To ES Tax	$0	AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	Yes (true)	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (true)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt
Individual With Books	JOHN A RILEY III	IndividualWithBooksNm
Phone	2567341740	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	226 COUNTY ROAD 1415	AddressLine1Txt
City	CULLMAN	CityNm
State Abbreviation	AL	StateAbbreviationCd
ZIP	35057	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Undistributed Income PY	false	UndistributedIncomePYInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
JOHN A RILEY III
226 COUNTY ROAD 1415	CULLMAN	AL	35057	BOARD OF DIR	000.00	$0	$0	$0
NANCY MCCLELLAN
806 6TH AVENUE SE	CULLMAN	AL	35055	BOARD OF DIR	000.00	$0	$0	$0
GREG BARKSDALE
1679 COUNTY ROAD 599	HANCEVILLE	AL	35077	BOARD OF DIR	000.00	$0	$0	$0

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONE	NONE	CompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Description1	N/A	Description1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$1,629,292	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$632,985	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$2,262,277	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$2,262,277	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$33,934	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$2,228,343	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$111,417	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$111,417	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$304	TaxBasedOnInvestmentIncomeAmt
Total Tax	$304	TotalTaxAmt
Distributable Before Adj	$111,113	DistributableBeforeAdjAmt
Distributable Before Ded	$111,113	DistributableBeforeDedAmt
Distributable As Adjusted	$111,113	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$111,500	ExpensesAndContributionsAmt
Qualifying Distributions	$111,500	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$111,113	DistributableAsAdjustedAmt
Undistributed Income PY	$110,047	UndistributedIncomePYAmt
Total For Prior Years	$23,058	TotalForPriorYearsAmt
Qualifying Distributions	$111,500	QualifyingDistributionsAmt
Applied To Year1	$110,047	AppliedToYear1Amt
Applied To Current Year	$1,453	AppliedToCurrentYearAmt
Prior Year Undistributed Incm	$23,058	PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax	$23,058	PriorYearDeficiencyOrTaxAmt
Undistributed Income CY	$109,660	UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (12 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
BROOKS PLACE
1003 4TH AVENUE NE	CULLMAN	AL	35055	PROGRAMS FOR ABUSED/ASSAULT VICTIMS	$5,000
COUNTY SHOTGUN CLUB
300 EAST MOEHRING ROAD	GOOD HOPE	AL	35075	ASSIST COMMUNITY STUDENT FACILITY	$4,000
CULLMAN CHRISTIAN SCHOOL
1803 BEECH AVE SE	CULLMAN	AL	35055	ASSIST COMMUNITY SCHOOLS	$3,500
CULLMAN COUNTY SCHOOLS
402 ARNOLD STREET NE	CULLMAN	AL	35055	ASSIST COMMUNITY SCHOOLS	$20,000
HOPE HORSES INC
1301 CONVENT RD NE	CULLMAN	AL	35055	ASSISTANCE FOR DISABLED CHILDREN	$5,000
JOHNNY MAC SOLDIERS FUND INC
42395 RYAN RD STE 112-2	ASHBURN	VA	20148	ASSISTANCE TO VETERANS AND FAMILIES	$1,000
NORTH ALABAMA AGRIPLEX FOUNDATION
PO BOX 2428	CULLMAN	AL	35056	ASSIST COMMUNITY AGRICULTURE	$2,500
RESTORING WOMEN OUTREACH
PO BOX 307	CULLMAN	AL	35056	ASSIST WOMEN DRUG/ALCOHOL ADDICTION	$2,500
WALLACE STATE FUTURE FOUNDATION
PO BOX 568	HANCEVILLE	AL	35077	PAYMENT FOR SCHOLARSHIP FOR STUDENTS	$60,000
BAILEY QUICK
1630 COUNTY ROAD 1670	CULLMAN	AL	35058	PAYMENT TO ASSIST INDIGENT FAMILY	$2,500
UNIVERSITY OF ALABAMA AT BIRMINGHAM
1720 2ND AVE S 801 FIN	BIRMINGHAM	AL	35294	PAYMENT FOR SCHOLARSHIP FOR STUDENTS	$5,000
WEST ELEMENTARY SCHOOL
303 ROSEMONT AVE SW	CULLMAN	AL	35055	ASSIST COMMUNITY SCHOOL SCIENCE PROG	$500

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$111,500	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$4,711	ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Field	Value	IRS element (for citing)
Related Or Exempt Function Incm	$17,132	RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Exclusion	$4,711	ExclusionAmt
Related Or Exempt Function Incm	$17,132	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$21,843	TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	INDIRECT ACCOUNTING FEES	CategoryTxt
Amt	$4,700	Amt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

Field	Value	IRS element (for citing)
Stock	CULLMAN BANCORP INC.	StockNm

Liquidation Explanation Stmt LiquidationExplanationStmt

Field	Value	IRS element (for citing)
Explanation	MERGER - SEE ATTACHED STATEMENT PURSUANT TO GENERAL INSTRUCTION T	ExplanationTxt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

Field	Value	IRS element (for citing)
Desc	ASSETS TRANSFERRED UPON MERGER	Desc
Amt	$1,063,997	Amt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxt	AmtAmt
FEDERAL TAXES	$322
FRANCHISE FEE	$547

CULLMAN SAVINGS BANK FOUNDATION: Form 990PF, tax year 2022

Return header ReturnHeader

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Preparer US Address PreparerUSAddress

Filer Filer

Business Name BusinessName

US Address USAddress

Business Officer BusinessOfficerGrp

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Preparer Person PreparerPersonGrp

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Statements Regarding Acty StatementsRegardingActyGrp

Location Of Books US Address LocationOfBooksUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

Distributable Amount DistributableAmountGrp

PF Qualifying Distributions PFQualifyingDistributionsGrp

Undistributed Income UndistributedIncomeGrp

Supplementary Information SupplementaryInformationGrp

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (12 entries)

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

Liquidation Explanation Stmt LiquidationExplanationStmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

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